I used to live in a building downtown. There were 23 units on my floor. Since I moved out this is the activity.
1 sold in foreclosure
3 listed and subsequently pulled
3 with active NOD
3 people who told me they will list whent the market recovers
2 Active listings
So on a high level using this floor as an example it looks good one recent sale and two listings. The reality is quite different. There are at least 9 units wanted to be sold and with the NODs pending (as a proxy for unpaid HOA) there might not be banks willing to lend in the building due to the financial status of the HOA.
The current psychology indicates it is utterly futile to list right now (why bother)
That’s only true if we’re nearing a bottom. If the bottom is nowhere in sight, though, it makes much more sense to sell now and bank whatever gains still remain, assuming one’s current situation allows for a sale.
The current psychology indicates it is utterly futile to list right now (why bother)
That’s only true if we’re nearing a bottom. If the bottom is nowhere in sight, though, it makes much more sense to sell now and bank whatever gains still remain, assuming one’s current situation allows for a sale.
The current psychology indicates it is utterly futile to list right now (why bother)
That’s only true if we’re nearing a bottom. If the bottom is nowhere in sight, though, it makes much more sense to sell now and bank whatever gains still remain, assuming one’s current situation allows for a sale.
The current psychology indicates it is utterly futile to list right now (why bother)
That’s only true if we’re nearing a bottom. If the bottom is nowhere in sight, though, it makes much more sense to sell now and bank whatever gains still remain, assuming one’s current situation allows for a sale.
The current psychology indicates it is utterly futile to list right now (why bother)
That’s only true if we’re nearing a bottom. If the bottom is nowhere in sight, though, it makes much more sense to sell now and bank whatever gains still remain, assuming one’s current situation allows for a sale.
