Talk of The Villages Florida - View Single Post - Housing issue-List it now or 2009
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Old 08-25-2008, 01:23 AM
Peachie Peachie is offline
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Default Re: Housing issue-List it now or 2009

I'm financially conservative and I like my nickels in my pockets, not in the bank pockets. I would list your house now, change realtors down the road if it doesn't sell immediately for a fresh perspective on your listing. I don't know if length of time on the market in this real estate downturn situation is a concern. Savvy buyers realize nothing is moving much now but that doesn't mean the property has a problem. My husband and I held two properties because of the recession in the early eighties. That d*** "interest only" loan gobbled up a lot of cash and in hindsight, we should NEVER have done that. You can drop the price on your home by a big chunk when you list if you figure in the interest you would be saving by not carrying a mortgage to buy in TV. If you're going to rent a home out to make the mortgage payments, that may be feasible.... IMHO.