No telling when it will be - no crystal ball Richie.  They will cash out when ready. 

Many people have already left California and cashed out.

If you sell in this market, you have to buy in this market.  Some people will sell now, which means they will have an easy sell and a more difficult buy.  Others will wait until the opposite is true.  Neither one is right or wrong - it's just different.

The urge to move or to stay put is one that has always prompted a lot of discussion.  That's a "constant" real estate conversation-starter.  

I personally don't think they can, especially if they are planning to move in the next 2-3 years. But, I do not have a crystal ball so, I can only go with historical data and my gut! 

I will say that I have 3 homeowners who will be moving in 2-3 years and are thinking of selling NOW and renting for a year or 2, for the market to return to a more neutral market. We shall see!

We may be seeing a point were sellers who have been sitting and watching prices rise are willing to sell due to fear that the market has peaked. I think they are wrong. Prices will continue to rise but at a slower pace. Those who choose to sell will still do very well if they are reasonable in their expectations.

i don't have a crystal ball in real estate or the future ... but in my service area sellers are still reluctant to sell due to the low inventory levels -- they are fearful of ending up homeless if their home sells right away (which they do!) and then they can't find the house they want.  It's a catch 22

We cashed out this year and bought our dream home. 

It was easy to sell and because we bought in July 2021, it was competitive but easy to buy because:

we had a goal backed no-nonsense offer plan -

on 1 house, 1 offer, 1 overbid, and...

we're already sitting on $40K in equity per Nov. comps!!!

Fear stops or delays people, you have to have a plan and stick to it, until life's little 180's force you to be flexible!

What is their end goal and then reverse engineer it.

NOT EVERY HOUSE is an automatic overbid in this market. I sold two this year to buyers at asking price - no seller perks.

The decision to sell may be based on many factors with no concern of  cashing out.

For those selling in this market they are paying almost the same if not more to buy. Our market is out of control, our rental market is out of control too. The average rent for a one bedroom apt. is 1500 a month rentals are in short supply too.  There is no win win for anyone. 

It's a great time to sell, no doubt!  It's a difficult time to buy too.  While some markets may only have 10 competing offers instead of 20, prices are still up there as is competition.

If you're planning on moving out of state to a more affordable region with better laws and leadership, now is definitely the time to go.  You may make a little more by holding for another year or two, but you may also lose if the market transitions... or any of the dozens of big ticket geo-political instabilities boil over into something major. 

China is likely to invade Taiwan after the Olympics and Russia is looking to attack the Ukraine.  Global war when we have a "leader" who can't even manage a simple troop withdrawl (by the way, we still have citizens biden left trapped behind enemy lines) is a chilling prospect.

Not to mention the mandates which will put a halt to any economic recovery and further inflation and our country's financial problems.

So, they sell and move up.  Now, they have an increase in property taxes, and without a likely increase in salary/wages it may not be enough of a motivator.  They may just refi to a lower rate and stay put.  I think for most people, their dream home is always just beyond their reach.

I have several sellers that would love to get into their dream home, but too nervous with such low inventory to put their home on the market.

People ignore lots of things, even things that cost them piles of money.

I've realized there are many many restless. discontented and unhappy people searching for something to change their miserable perspective.  Hopefuly, that will change in the not so distant future. 

Totally agree. They will make the most from where they are but many can't decide where to go. I don't think there is a crash coming or any of that nonsense. Just a bunch of undecideds.

I can because I'm not ready to move.  I have an office to get paid for and then I'll be in a better position to move to a new house.   Who knows what the market or interest rates will be then, but I'll deal with it.  Meanwhile I am saving a nice down payment because I'm never going to pay PMI

I actually have clients who did exactly what Debe Maxwell, CRS said. They're renting  for now, didn't want to take a chance and cash in on their homes now.

You can sell for top dollar but will pay top dollar for a replacement. So, for those with a continuing upward trend in income, go for it. For those on a fixed income, stay put!

The challenge is to find another home if we sell our present home.

It comes to to dollars and sense.  If selling brings the right dollars, selling makes sense.  This is a great time to take advantage of the potential to pocket $500,000 for a married couple.