I bought a house last year in ohio, in a very desirable area (historic district). It's a waterfront home with an awesome view of the river. Since the market was so bad I got a great price for it, plus it didn't have much curb appeal and wasn't as kept up as nice as it could be. Unfortunately I love the house (and view!) but I absolutely hate living in ohio, and really want to move back to the east coast. I made a lot of improvements (landscaping, new flooring, blinds, etc) and the house looks really good, but I'm still nervous to try and sell it next summer. Is the real estate market projected to improve next year? I have heard of this 5 year rule, where you have to live in a home for at least five years if you hope to make a profit when selling, or at least to cut even. I do not want to live here several more years! I'm thinking I could hold on to the house for another year and rent something on the east coast, and try to sell the house when the market improves. Any advice?
2007-07-04
06:05:42
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5 answers
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asked by
Jen1943
1