Monday, April 14, 2008

Trying To Sell In The Real Estate Slump

We decided last year that we wanted to move from our townhouse. We felt it was time to move on. We really wanted our own yard for the dogs to play in, and future kid(s). We bought the TH shortly after we were married, and had enjoyed living there for the most part. We had entertained moving from the TH several times over the years, but when we looked at what else was out there, we decided that for the price, we had a great place. A few years ago we really did want to move on, but gave up after not finding anything we liked better. We decided to remodel the kitchen and baths, allowing us to make it just the way we want. We kinda ended up making it nicer than we should have because this time round we still had a really difficult time finding something we liked better. Finally, after 6 months of looking, we found the house that we LOVE. We went through it, put in an offer, and signed the offer all in the same day.

We moved in mid-August of 2007. It took a few months for us to move most of our stuff out and to get it ready to put on the market. We tried to advertise it on our own, but we got bombarded with agent calls. We figured we might have better luck selling with an agent, so we ended up signing with one in November. We originally priced it at $229,900, but unfortunately the combination of the housing market slump, the holidays, and the winter season, we did not get much action. We then decided to drop the price to $214,900. We did start to get more action, and we have received one offer, but it is contigent upon them selling their home. Last week we decided once again to drop it to $209,900. We are hoping to sell it soon because we have had 2 mortgage payments for nearly 9 months now! Our contract will expire in May with our agent, and we are anxious to move on from him. We have been quite disappointed with his service, and we feel we would be better off dropping our price and selling it on our own, and if that doesn't work, we will be much more experienced in finding an agent we want.

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