Hi wlou,
One more factor to consider is how much it is costing you each month to keep the house you are trying to sell. The mortage interest you continue to pay every month could have gone instead toward selling the house earlier and not making those interest payments.
If you wait another two years to sell your other house, you will be making those house payments for two more years with no guarantee that the market will go up. Many experts do not expect it to.
If I were making up a resolution for you, I might say:
Whereas, you already own your home in Amelia; and
Whereas, you are ready and able to move to Amelia as soon as you sell; and
Whereas it could be costing you as much or more each month to wait out the market as it would cost to reduce the price of your home and sell now; and
Whereas, the market might not recover and then you would make all those additional interest payments and sell low anyway; and
Whereas, life is short and the more time you live it to the fullest the better;
Therefore be it resolved to sell in today's market and COME ON DOWN!
But, I could be wrong.
|