Talk of The Villages Florida - View Single Post - Housing issue-List it now or 2009
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Old 08-25-2008, 01:15 AM
jeffy jeffy is offline
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Default Re: Housing issue-List it now or 2009

I believe the market still has another 6 to 12 months down before recovering. From 2000 to 2006 I was investing and flipping and renting and holding properties as a full time business in Maryland. I sold out my last investment prop in June of 06.

I am now making LOW offers on FSBOs in the Villages. I think investing in TV is a good idea. I think once the market strengthens TV will be a great place to own properties. I think it is obvious to most that what is hurting our market here more than anything is the inability of people outside to sell their homes in order to buy here.

That being said, my approach to your question would be to list it NOW. However list it at a price that is VERY attractive to the few buyers out there now. So what if you loose 15% now. If the market continues down over the next year , you will loose it any way. Plus you will make up a lot of that 15% by no mortgage or holding costs of two properties.
When a market is going down , it is best to get out now.
Good luck.

jeffy