We got 2 buyers the first weekend. Got an offer 5% below asking. We countered, they wouldn’t budge a dollar. So they walked. That’s the last time we ever saw a buyer.
We’ve since lowered our price below that offer. I see all the other houses lowering by 5% every few weeks… it’s not working for them either. I live in Mira Mesa, and the market seems very slow here.
So in order to sell, I think we’ll have to lower at least 10% more. In that case, we can’t afford the new house, so we’re walking away from that. And like I said before, I’m thinking this is fortunate. I’ll be anxiously awaiting 10-20% drops in CV.
As for renting, we have a baby and a dog, and so need a yard. I suppose we could rent a house, but why pay so much money in rent? Like I said, our house is very cheap comparitively, and so it’s actually worth it to keep living in it.