We had a realtor over to take a look at our house and provide some guidance on how much we could list it for.
And bottom line is that, it’s true folks, the market sucks right now. I know that we were all doubting it and didn’t really believe the 47 magazines and newspapers that have been saying this for months…but it is 100% true. In order to sell our house right now, we would have to take AT LEAST a $15,000 loss. That sucks. Needless to say, we are staying put right where we are!
We truly do love our house but with all the short sales and foreclosures on the market, we figured we would see what was out there and what we could do…answer: ABSOLUTELY NOTHING.
Which this is a good thing, I really didn’t want to have to change my address, or pack and move, or change the image in my blog header, or lose AT&T U-verse…so many negatives.
haha i'm glad you looked into it but am also glad you're staying put! It's a great house and i'd hate for you to take such a loss right now - BOO. Hang in there and remember those negatives - I mean really, who wants to change their blogger masthead?
ReplyDeleteplus short sales and foreclosures are a total pain in the butt to buy! My ex and I tried to buy a foreclosure once...never again. And I've heard numerous horror stories from short sales, both on the selling and buying sides. So like the poster above said, hang in there and remember the negatives of trying to sell a house and buy a new one and move :)
ReplyDeleteAll good points, friends! Good to know information, though...
ReplyDeleteGood things come to those who wait.......
ReplyDeletePatiently......honestly, I've weather many a recession in my days. The key to survival is to hunker down, sit still, and weather out the economic storm. Although, this is a recession like none of us mature ones have ever endured.
Love you, Mom