Re: Pity-Party ?
We had friends in Naples who were in the same situation as you. They priced the home for sale at a really high price point, based on advice of realtors, got a few people looking but zero offers. It was on the market over two years. They steadily dropped the price, even took it off the market for awhile. Finally, they got an appraisel done to get the value of the property in today's market. The asking price dropped considerably, and they just sold it. Took somewhat of a loss, but as she said, they're out from under it, and the cost of keeping it on the market was to be considered as well, with heating/air conditioning costs, taxes, etc. She was under a lot of stress for the past two years, because they couldn't get rid of this house. If they had priced it properly to begin with, they would have saved themselves a lot of hassle. I think its human nature to overprice our homes. We are going thru it now as well. My husband as done a lot of work on our home, and he sees more value in the home than the realtors do. We have an appraiser coming in today, so we'll hopefully get a true picture of the home value.
We dont' have a crystal ball to tell us when the market is going back up again. I'd hate to see you wait 5 years or maybe more, and be missing out on a great life in The Villages. Sometimes you just have to pull up your socks, admit you made a incorrect financial decision, and move on. Best of luck to you.
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