The Capitol News Service reports that "Home sales are up in Florida by 33 percent over a year ago while foreclosure filings have fallen for the first time since July of 2006." Read the story.
Yesterday, I closed on a house in the Florida Panhandle area that's been on the market for two years! Yes, took a lower price than I would have liked, but I SOLD THE HOUSE.
Replies
5
SoWal Insider
good news for someone!
SoWal Insider
good news for someone!
Sales up 33%, prices down 22%.
If others "took a lower price," it would be good news for many more too--it's just basic economics in action.
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Edited
Beach LoverAuthor
Yes, it's a numbers game
For me, real estate prices now are strictly a numbers game. To hold onto the property, you may have to bet real estate prices and demand will go back up in the next year or two. The other bet is that real estate prices will remain stagnant or go down even more. When a buyer appeared, I bet the latter and sold at a loss. Only time will tell if I made the right choice.
It's very hard psychologically to "buy high and sell low." It's the stuff that drives appraisers crazy!
Sales up 33%, prices down 22%.
If others "took a lower price," it would be good news for many more too--it's just basic economics in action.
.
For me, real estate prices now are strictly a numbers game. To hold onto the property, you may have to bet real estate prices and demand will go back up in the next year or two. The other bet is that real estate prices will remain stagnant or go down even more. When a buyer appeared, I bet the latter and sold at a loss. Only time will tell if I made the right choice.
It's very hard psychologically to "buy high and sell low." It's the stuff that drives appraisers crazy!
Beach Crab
thats a good news for the real estate business.
SoWal Insider
When a buyer appeared, I bet the latter and sold at a loss. Only time will tell if I made the right choice.
No need to let time tell you if you made the right choice...if you sleep better at night now than when you were chained to that property, you made the right choice.
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