Been wanting to move To South Carolina for five years and a house i looked at five years ago has sold twice, once in foreclosure and now is at almost 1/2 of what it was selling for five years ago. I want to buy it so bad but the economy there is as bad or worse than where i'm at now.The realtor i have been working with assures me the price will be three times the amount in five years. That is like listening to a fortune teller. he does have a grasp on that area having sold there for over twenty years. He advises me to buy and rent until i can move there and the market will come back. It is in a gated community 1/4 of a mile from one of the best Golf coarses in the area.I have been that route before and it never worked out. Things are just on hold right now. Everybody is scared to death.
Sold my house in less than a month. Agreed to let it go for 5k less than the appraised value. Came out 80k ahead with equity. It is very tough to sell a house nowadays...you need to have a good location, something people want, a fair price, and a good agent. It is tough, but not impossible.
What is appraised value though ? If you're talking about the tax rolls that can be way low, at least it is very low in CT.
Incorrect.I'd almost say cut any price in half for an offer. It's bad, out there, boyz !
You can't even get somebody to look at your place, let alone make an offer !
Incorrect.
In our neighborhood the last 2 homes that sold both sold for asking price in under 4 weeks.
It is all about where you are located. Shithole Detroit or Michigan? Sure.But other fairly hot markets, homes are still selling fairly quickly. (Im referring to $300k-$500k homes fwiw)
I live in West Plano, there are plenty of homes from $300K-$750K available and you don't need to pay near 100% of the asking price. Too many new houses still available. My neighbor couldn't sell his house, because across the street in different development new construction is on going and you can get a similiar that has never had any residents previously for the same price.
Been wanting to move To South Carolina for five years and a house i looked at five years ago has sold twice, once in foreclosure and now is at almost 1/2 of what it was selling for five years ago. I want to buy it so bad but the economy there is as bad or worse than where i'm at now.The realtor i have been working with assures me the price will be three times the amount in five years. That is like listening to a fortune teller. he does have a grasp on that area having sold there for over twenty years. He advises me to buy and rent until i can move there and the market will come back. It is in a gated community 1/4 of a mile from one of the best Golf coarses in the area.I have been that route before and it never worked out. Things are just on hold right now. Everybody is scared to death.