Quote:
Originally Posted by vintageogauge
You are mistaken about prices and selling in Fenney, they homes there are still commanding high prices and are selling quickly some within a week or two with the exception of those that are on undesirable lots which is the case in any village.
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While looking to purchase a home, our experience has been the opposite. We see VERY FEW homes being sold within a week or two. My daughter has walked through many homes and passed for one reason or another. DAILY, she is receiving lists of homes that have been discounted between $5,000 and $75,000.
She has put the brakes on buying. The market is showing her that prices are coming down. Overpaying for a home may lead to the same trouble sellers are now experiencing. She wants to avoid having to sell at a loss if the need arises. The days of "We'll just buy now . If we don't like it, we can easily sell in one year." Are gone! Today, a buyer has to be knowledgeable and careful. Or, they may be stuck with a home they cannot sell.