What he said...I'm sure its location but, for $400K, you could have a fairly large house out in the burbs...The house looks nice though, but if you can't wait to sell, cut your losses and take the hit know, before the end of the year for tax purposes...Good Luck...
my preference is to sell, but I'm ready to consider anything at this point. will listing the house as for sale or lease hurt my chances of selling? Also, i'm concerned about getting into a lease b/c the spring months are hot selling months too, arent they?
8 months in a 'hot' market...Are the other houses in the neighbourhood selling? i'd consider a new agent, Riley.
i had an agent for 6 months. got a new one for 2 months now. some houses in my area are selling, but it has not been quick. we're on the long side, listing for 8 months now. One similar house 2 streets down just sold, and they were on the market for about 8-9 months. One big problems is that there are quite a number of patio homes to choose from in my area and surrounding areas. I'm starting to think that price is the only thing that distinguishes, as noted by others above.
8 months is an eternity. The house is great, so no qualms there. Now you need to price it down below $400K. And be prepared to drop it even further if need be to facilitate the sale. Not every sale in this market is going to result in a financial windfall. Take the hit or walk away with a smaller profit. Good luck. I've paid two mortgages before for long stretches and it's no fun.
