Quote:
Originally Posted by Couple of Lakers
Quote:
Originally Posted by WinnisquamZ
You’re doing what many say “chasing your tail”. Determine your bottom line price to sell and lower it. Markets not getting any better soon and with winter approaching you will be holding it.
|
Thank you for your reply. Yes you are probably correct. We're pretty much at the bottom and have resigned to the fact we may have to be here for another year or more. No big deal.
Winnipesaukee is still very enjoyable. We do love our place just looking for new adventures in the latter part of life after having been here for 26 years.
Everything that we're looking at is folks chasing their tails too. We're certainly not desperate and definitely have the best deal on the lake for what it is by far.
If buyers don't exist unless you're giving something away then that's the way it is. |
We don't know where this is, or if it is a primary residence. I'd look into leasing it for a year or two. When I look at condos online, I review the history. Price drops like you describe tell me others have looked and walked away, so I shouldn't even bother to look. Price drops in short time frames emphasize this appearance. It wasn't long ago that 90-180 days on market was common. This also has the markings of an agent who gave you a high listing price to get the listing. Condos that are in demand often sell through the HOA newletter, nothing ever shows up on the public marketplace. How did you choose the agent you ended up with? What other sales have there been in your complex? Which agen? Just thinking--no need for answers here..