- Joined
- Jul 27, 2019
- Messages
- 11,445
- Location
- Midlothian, VA
- RV Year
- 2017
- RV Make
- Newmar
- RV Model
- Ventana 4037
- RV Length
- 40' 10"
- Chassis
- Freightliner XCR
- Engine
- Cummins 400 HP
- TOW/TOAD
- 2017 Chevy Colorado
- Fulltimer
- No
I read this morning on Facebook friends in my area at home are seeing home sales with people offering 100K over asking. It makes me wonder if I should sell mine!!! I love my house but the area not so much but I have no clue where I'd want to live given a choice. This is part of the reason I have a RV, I'm out looking wondering where I would want to live someday other than where I am now. I don't know why the housing market is doing this, my hunch is one of two things: 1) The stock market has peaked and people want to take profits before an expected decline/collapse? 2) Expected interest rate rises, inflation, etc. so now is the time to capture loans? I don't know, I haven't searched for answers, I haven't googled it.
We all know the RV market has been on fire but we've attributed that to the pandemic. I face the same situation with my house in that this fall is an ideal time for me to sell my coach probably at the highest I could ever profit on this coach. I'm going to Newmar in September for the warranty reupholstering of the furniture and I'm having some other things done such as getting the carpet replaced since the furniture will be removed, saving on labor costs. After Newmar's work is done this would be an ideal time to sell the coach, it's also at that point in which most coaches sell, 4.2 years of age. But I love my coach, I've spent 3 years making it my own, the list of mods and additions is large but highlights being Summit Stainless, HWH Active Air, 1800W Solar with front A/C wired for solar, Victron web enabled system, Drainmaster gates with Sanicon all controlled from inside, LED lighting including underglow, under slides, and top side lighting both passenger and driver sides. Office setup, the list goes on. But the coach is PERFECT, perfect size, perfect running, everything is great (knock on wood). Why sell a coach that is perfect to you or do you do so simply for the financial timing of max profit opportunity?
So I'm faced with whether to capitalize on the housing market and also the RV market. Not a bad dilemma, most likely I'll sell neither but what is your opinion, what are you facing and how are you rationalizing the hot sellers market we're in now?
We all know the RV market has been on fire but we've attributed that to the pandemic. I face the same situation with my house in that this fall is an ideal time for me to sell my coach probably at the highest I could ever profit on this coach. I'm going to Newmar in September for the warranty reupholstering of the furniture and I'm having some other things done such as getting the carpet replaced since the furniture will be removed, saving on labor costs. After Newmar's work is done this would be an ideal time to sell the coach, it's also at that point in which most coaches sell, 4.2 years of age. But I love my coach, I've spent 3 years making it my own, the list of mods and additions is large but highlights being Summit Stainless, HWH Active Air, 1800W Solar with front A/C wired for solar, Victron web enabled system, Drainmaster gates with Sanicon all controlled from inside, LED lighting including underglow, under slides, and top side lighting both passenger and driver sides. Office setup, the list goes on. But the coach is PERFECT, perfect size, perfect running, everything is great (knock on wood). Why sell a coach that is perfect to you or do you do so simply for the financial timing of max profit opportunity?
So I'm faced with whether to capitalize on the housing market and also the RV market. Not a bad dilemma, most likely I'll sell neither but what is your opinion, what are you facing and how are you rationalizing the hot sellers market we're in now?