we have been trying to sell our home for 15 months. it is listed with a realtor, home is in the midwest, all has been remodeled inside and out, we just keep reduciing our price.
we have been trying to sell our 20 ft fishing boat since march of this year, but again no luck only selling this for what we owe.
we have also been trying to sell our dock house down on table rock lake for 3 summers but again no luck. we are looking for suggestions as what to do. do you think the market will change and if so when-will it get better-or-will it hit bottom then get better?
the midwest is slow moving for real estate sales.
2006-11-15 07:51:43 · 5 answers · asked by lake living 5 in Business & Finance ➔ Renting & Real Estate
This is a very tough question to answer. Many people believe that the housing market will continue to cool this year, and may pick up next year. I personally have been sitting on the sidelines rather than purchase; my wife and have not bought a new house, despite pressures for more space (due to the arrival of our baby daughter). I suspect others are doing the same because of high prices and interest rates that have crept up over the past year.
My suspicion is that the market will get worse before it gets better. If you really have to sell, your only option may be lowering the price again.
2006-11-15 13:03:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There is a real big bubble and it is breaking, but home price are what is called sticky, or slow to come down.
There is the strong emotional bond and illusion of grandeur of there home and how much it should sell for then there is realty.
The other thing that make the prices so slow is moving it most people have there head in the sand except for once a month when they have to right the check.
Check out this web site it tell how the bubble was made and from that you can find out when the market will turn.
http://www.breakingbubble.com/index.htm
2006-11-15 12:55:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
This is a tough time of year to sell. Things are expected to pick up next year again but who knows.
I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.
2006-11-15 08:13:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Of course the market will change. The question is when?
2006-11-15 07:59:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
http://www.realestateagentlive.com/
2006-11-15 10:29:07 · answer #5 · answered by Matt J 3 · 0⤊ 0⤋