Quote:
Originally Posted by Love2Swim
I had a friend who did that, and ran into a problem selling her old home in The Villages. The realtor had priced it too high, and after quite a few price reductions, it finally sold, but she had been counting on getting more money for it. She loves her new (pre-owned) home, but the moral of the story is - be careful that you have it priced properly.
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Similar story, but we used the Villages Relocation Services who provided the names of two realtors in our area to interview. We selected the Realtor we thought could do the best job and had actually suggested the lower of the two prices. (We challenged the recommended price, but realtor was sure it should sell for that.) Unfortunately, the house was listed too high and still hasn't sold. Decided not to use Relocation services and have now relisted with a new Realtor and $15K lower. Since the house didn't sell, hubby didn't retire. So we cancelled the second half of our vacation so he could be back at work for a project. So the moral of the story is to make sure it isn't over priced.
We had been encouraged by the Villages Realtor to take a bridge loan back in October, but are pretty conservative in our finances. Glad we didn't go down that rabbit hole!