Sell today or wait two years?

[barnaby33]

As of Black Monday yesterday, I am quite sure that everyone now understands the certain gloom of our country’s economy and housing market.

What makes you quite certain? A flood of price reductions on Redfin? Perhaps an unrealistic belief that most people know or care about the wider economy? Oh wait I know! Ryan Seacrest came on during a break on American Idol and said, “we’ll the economy has just gone to shit!” Must have been one of the episodes I missed.

Josh

[DWCAP]

The real reason I see for you to sell is that you do not plan to be in the house for anything more than a year or two. In that time it is doubtful you will get a cent more than yesterday, but rather possible you will get less.

I know you have already accepted an offer and all, but with our economy looking like it is gonna be hurting for a while, just reasses that new job possibility. If you realize that you are not going anywhere for a very long time (since you love your house) and are gonna keep your current job, then stay. If you are still planning on bailing out in a year or two, then sell and save that difference in rent for whereever you are going.
Best of luck to you.

[DWCAP]

The real reason I see for you to sell is that you do not plan to be in the house for anything more than a year or two. In that time it is doubtful you will get a cent more than yesterday, but rather possible you will get less.

I know you have already accepted an offer and all, but with our economy looking like it is gonna be hurting for a while, just reasses that new job possibility. If you realize that you are not going anywhere for a very long time (since you love your house) and are gonna keep your current job, then stay. If you are still planning on bailing out in a year or two, then sell and save that difference in rent for whereever you are going.
Best of luck to you.

[DWCAP]

The real reason I see for you to sell is that you do not plan to be in the house for anything more than a year or two. In that time it is doubtful you will get a cent more than yesterday, but rather possible you will get less.

I know you have already accepted an offer and all, but with our economy looking like it is gonna be hurting for a while, just reasses that new job possibility. If you realize that you are not going anywhere for a very long time (since you love your house) and are gonna keep your current job, then stay. If you are still planning on bailing out in a year or two, then sell and save that difference in rent for whereever you are going.
Best of luck to you.

[DWCAP]

The real reason I see for you to sell is that you do not plan to be in the house for anything more than a year or two. In that time it is doubtful you will get a cent more than yesterday, but rather possible you will get less.

I know you have already accepted an offer and all, but with our economy looking like it is gonna be hurting for a while, just reasses that new job possibility. If you realize that you are not going anywhere for a very long time (since you love your house) and are gonna keep your current job, then stay. If you are still planning on bailing out in a year or two, then sell and save that difference in rent for whereever you are going.
Best of luck to you.

[DWCAP]

The real reason I see for you to sell is that you do not plan to be in the house for anything more than a year or two. In that time it is doubtful you will get a cent more than yesterday, but rather possible you will get less.

I know you have already accepted an offer and all, but with our economy looking like it is gonna be hurting for a while, just reasses that new job possibility. If you realize that you are not going anywhere for a very long time (since you love your house) and are gonna keep your current job, then stay. If you are still planning on bailing out in a year or two, then sell and save that difference in rent for whereever you are going.
Best of luck to you.

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[jeeman]

How do you “break even” when you lose your original downpayment? That is not breaking even…you lost money on the house. If you put down 17%, but sell the house for 17% less and walk away with not having to put in any more money, you lost 17% of your equity. If you put down $0 as a downpayment and the house lost 17%, then you actually saved yourself 17% of the house price.

Jeeman

[Fletch]

Jeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.

[Fletch]

Jeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.

[Fletch]

Jeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.

[Fletch]

Jeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.

[Author]

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