PS – Most people do end up paying 8% to sell their house, (6% commission plus another 2% in other costs) – If you did it in 4% – that’s great. If it is all working out for you, I’m honestly happy for you – I’m not doubting you. But not everyone timed it like you did by selling late in 2005.
If someone owns a condo that has already dropped by 20%, (some have, but not all), I think it’s too late to sell now. You might as well bite the bullet and hope for the best. And also, you have to admit that no one, even you, knows for sure what the market will be like in two years. All we can do is make our best educated guess and do what we think will work best for us.
