Prices are definitely softening right now. The average price in the area that my house is listed in is around $400, and I've seen a few homes now listed in the $380 range that haven't moved. It depends what you want to do. Do you want to sit in it, and pay the mortgage for 3-4 months if it doesn't move? Or do you want to sell it right away and move? To me I've said that I don't need the best price when it comes to selling....just a fair one that compensates me for all the headaches I put up with building or renovating something. It's worth taking a little less (to me) if you can put cash in your pocket right away.
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