Quote:
Originally Posted by wlou
Opinions needed...House up in VA has been for sale 2 months..Lots of lookers, no offers yet...Realtor thinks its priced too high...Those of you who recently sold up north to move to TV, did you have to take a large reduction in price? Dilemma, do we wait it out hoping the market gets better...or Reduce now and just get out and to our place in TV??? Hard decisions...On the one hand you dont want to "give your house away"...but on the other, keep paying those monthly mortgage payments for another year as you wait??? hmmmm
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One way to look at it is that you may get less, but on the other hand you will pay less. It probably just about evens out. If the market goes up and you get more, rest assured that a house in TV will cost more.
Not a hard and fast rule, of course. Just a way of making it more palatable to reduce the selling price of your house so you can get down here.
My wife and I are in the market for a house in TV at present. Some of the pre-owned homes we are looking at cost the sellers 20-30,000 more when they bought 2 or 3 years ago than they are selling them for now. You can look all this up on the tax records at
www.sumterpa.com and see what I mean.