LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

is it REALLY a bad time to sell??

Posted By Message

meganNbobby
Our Family is Complete

Member since 5/05

2774 total posts

Name:
Megan

is it REALLY a bad time to sell??

dh might be accepting a new job, it will be great in future but for the 1st few years it will def. be a HUGE paycut, it's for NYC so the benefits and pension will be soooooo much better what we get now for his career that he hates!!

anyway.... does anyone know how long it takes for the avergae house to sell in this market? we have to sell if he takes this job which right now in his life... it's the best thing for him.

are they're any other option out there besides selling that could get us through the next years or so? does it pay to rent and pay toward the mortgage every month then sell when the market goes up???

we are at a loss of what to do

we are going to see our financial advisor next week

Posted 8/8/08 2:09 PM
 
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource
  |   Long Island Weddings

MetsGirl07
LIF O2 Vendor

Member since 12/07

16202 total posts

Name:
Deanna

Re: is it REALLY a bad time to sell??

we have a house on the market right now at a STEAL price.. and its not going anywhere Chat Icon

there are just SO many houses on the market right now, which doesnt make it easy

Posted 8/8/08 2:29 PM
 

Ophelia
she's baaccckkkk ;)

Member since 5/06

23378 total posts

Name:
remember, when Gulliver traveled....

Re: is it REALLY a bad time to sell??

my friends have a house on the market right now that hasn't sold.

they are moving in with the inlaws and renting it out.

if that is an option for you, maybe do that.

it CAN be tough out there.Chat Icon

Posted 8/8/08 2:37 PM
 

bigspender
Back to school

Member since 4/07

1385 total posts

Name:
Irene

Re: is it REALLY a bad time to sell??

It is really tough if your selling . My realter said the average house is on the market for 11 months. Some houses do go right away expecially if they are listed correctly and are in good condition.

Posted 8/8/08 2:50 PM
 

jbellis74
LIF Infant

Member since 7/08

149 total posts

Name:
Jason

Re: is it REALLY a bad time to sell??

The house that we just bought was on the market for less than 2 months. The location and the condition are very important.

Posted 8/8/08 2:55 PM
 

bird382
.

Member since 7/07

1712 total posts

Name:

Re: is it REALLY a bad time to sell??

Our house sold in one week. Our friend's house sold in three days, and another friend's house sold in two weeks.

I don't live in NY, but I don't live in a hot real estate market by any means. I think if the house is priced right and shows well, it will sell.

Posted 8/8/08 3:09 PM
 

laurabora
LIF Adult

Member since 4/07

2712 total posts

Name:
Laura

Re: is it REALLY a bad time to sell??

It is a REALLY bad time to sell. Our house has been on the market since early May, it is completely renovated, in a good town and (according to most realtors who come through) it is priced right. Buyers are being beyond picky and it's just plain slow.

We just got our first offer the other day and we're still waiting to see if we're going to have a meeting of the minds on price.

IMO, the only houses selling are the ones that are true bargains.

Good luck!

Posted 8/8/08 3:09 PM
 

CaseyGirl
Mommy to 3 Boys :)

Member since 5/05

19978 total posts

Name:
Jen - counting my blessings...

Re: is it REALLY a bad time to sell??

I was just thinking the same thing...

I was thinking i want out of my house bc I feel like it's bad luck....but I don't know if it would go anywhere.

Posted 8/8/08 3:30 PM
 

monkeybride
My Everything

Member since 5/05

20541 total posts

Name:

Re: is it REALLY a bad time to sell??

It's a difficult time to sell for sure. IL's are trying to sell there house and have had no luck whatsoever. They have even lowered the price.

Posted 8/8/08 3:52 PM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: is it REALLY a bad time to sell??

it's a difficult time, but the ones i have seen that are fairly priced go quickly. just don't expect the price you would have gotten a year or two ago.

we're looking at i guess mid-level houses, and the ones in decent shape that are priced fairly go in a few months, if not less. from what i've seen, it's unreasonable prices that deter people from looking.

Posted 8/8/08 4:01 PM
 

Karen
Just chillin'!!

Member since 1/06

9690 total posts

Name:
Karen

Re: is it REALLY a bad time to sell??

Posted by nov04libride

it's a difficult time, but the ones i have seen that are fairly priced go quickly. just don't expect the price you would have gotten a year or two ago.



this is THE best advice. the day we dropped our price we got offers within a few hours. my neighbors are all still at their original pricing and are still sitting on the market 4-5 months later. Really sit down and see how much it takes to keep your current place going. For us it was about $2k, so sitting on the market was going to cost us $10k easy, plus a ton of stress.

our REA was very agressive with the pricing. she dropped it below the comps to bring traffic in (and she got a TON), and then we kinda sat back to see what would happen. Also, the most recent comps were late 2007, so not entirely accurate to begin with.

Posted 8/8/08 4:28 PM
 

Sassyz75
Turning a new page

Member since 5/05

9731 total posts

Name:
Dina

Re: is it REALLY a bad time to sell??

barbara corcoran said on the today show you CAN sell if you do comps, and then price your house 10% less than the comps

Posted 8/8/08 5:09 PM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: is it REALLY a bad time to sell??

Todays newsday had imprtant facts in which help make your house sell faster

1) Price
2) Location
3) Condition inside and out
4) Curb appeal - Nice cut grass, Trim bushes, Flowers etc....

Very Important. If your house does not have curb appeal, then a lot of people will just drive right by it.

Scott

Posted 8/8/08 5:43 PM
 

ave1024
I Took The Wrong Road

Member since 12/07

5938 total posts

Name:
That Led To The Wrong Tendencies

Re: is it REALLY a bad time to sell??

If you bought your house in the last few years it's very possible you won't get what you paid for it.

So you have to ask yourself if you are willing to sell for less than what you paid for it.

It's definitely a difficult time to sell if you recently bought. If you bought 10 years ago, then not so bad.

Posted 8/8/08 5:54 PM
 

Kristin616

Member since 8/06

3595 total posts

Name:
Kris

Re: is it REALLY a bad time to sell??

Posted by jbellis74

The house that we just bought was on the market for less than 2 months. The location and the condition are very important.



I agree...it also needs to be priced right. Dh and put our co-op on the market a few months back, and people told us we were crazy for selling at such a "horrible time." Meanwhile, it sold very quickly.

Posted 8/8/08 6:10 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
For the first time since my baby blues days, I'm having a really bad day Charly 6/30/07 10 Parenting
Had a BAD night last night....but I think it's time to get ready to go btrflygrl 5/27/07 10 Pregnancy
If _______ wasn't so bad for me I would do it all the time.. SweetTooth 5/7/07 53 Families Helping Families ™
i feel so bad what i just did to my friend but at the same time janet 3/3/07 7 Families Helping Families ™
Did my mom start a bad habit after only 1 time? JerseyMamaOf3 1/13/07 10 Parenting
And I thought the last bad JS pic was a one time fluke... MrsBlueSash 10/4/06 22 Celebrities & Entertainment
 
Quick navigation:   
Currently 90912 users on the LIFamilies.com Chat
New Businesses
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom
Yoga Womb/ SECS talk

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows