Quote:
Originally Posted by Weitz
Depends on the area. We just bought a house and homes in our area we’re still selling as long as they were priced properly. It seemed many people had listed homes with the thinking I should get an X% bump just because without actually taking the market into consideration.
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Yeah. a lot of big expensive homes in the city aren't moving. I feel awful for my Dad. He was going to sell 2 years ago after my Mom passed. He's in Tuscany it's a larger home that prob could have sold in the 500s. He's going to get murdered on his house now.
The realtor we're with said that if we stage well, price well, and can move we shouldn't have an issue. but I imagine that for some people moving away to a diff market where it isn't a buyers market that isn't an option.
I was reading on the Skyview FB page some people bought recently and owe more on the mortage than what they can sell their home for. What a nightmare.