selling at loss, Anyone?

[UCGal]

To the OP –
Can you add more square footage to your existing home? That seems to be the appropriate compromise. It’s a lousy time to sell and there’s potential risk to buying at this point. Can you make the home you already have a home you can stay in long term?

[eyePod]

OP-
I’m not sure I understand. Selling/Buying entails like 10% cost, doesn’t it? I can hardly imagine that incurring a transaction cost of $70-80K is going to make sense(?)

[eyePod]

OP-
I’m not sure I understand. Selling/Buying entails like 10% cost, doesn’t it? I can hardly imagine that incurring a transaction cost of $70-80K is going to make sense(?)

[eyePod]

OP-
I’m not sure I understand. Selling/Buying entails like 10% cost, doesn’t it? I can hardly imagine that incurring a transaction cost of $70-80K is going to make sense(?)

[eyePod]

OP-
I’m not sure I understand. Selling/Buying entails like 10% cost, doesn’t it? I can hardly imagine that incurring a transaction cost of $70-80K is going to make sense(?)

[eyePod]

OP-
I’m not sure I understand. Selling/Buying entails like 10% cost, doesn’t it? I can hardly imagine that incurring a transaction cost of $70-80K is going to make sense(?)

[34f3f3f]

Cabal, this is the most interesting post I have seen for a long time. Thanks for sharing. Very few sellers seem willing to share their experiences.

I’d just like to say that the experience you describe is the inverse of the inflating bubble. Low balling, and over correction is the jungle’s response to bidding wars and over-pricing. However, the source of much frustration to many buyers is that bidding wars never really left us, so your story is a breath of fresh air.

I’m on the other end of the scale, a buyer-in-waiting, and my belief (hope) is that prices will continue to decline in my price range. I am aware that many sellers are waiting for an improvement, but I’m not sure that will happen any time soon. My gut tells me if, or when we have reached bottom, previous high levels of appreciation are unlikely, in the near to mid term. It seems to me that many sellers who bought more than ten years ago, could still sell and do well since historically California prices have always been high. So it seems there is a dilemma. Sellers wait for the ‘hoped-for’ improvement, which may never come, or lock in gains now at prices which are may reflect more realistic value, and therefore still provide a modest but not unreasonable gain.

I hope I’m not going to be (as you so aptly put it),”trolled into no win arguments”, but wouldn’t it be great if more buyers and sellers could share frank views directly, as opposed to shouting through an impenetrable wall of misinformation, middle-men, special interests, and greed?

[34f3f3f]

Cabal, this is the most interesting post I have seen for a long time. Thanks for sharing. Very few sellers seem willing to share their experiences.

I’d just like to say that the experience you describe is the inverse of the inflating bubble. Low balling, and over correction is the jungle’s response to bidding wars and over-pricing. However, the source of much frustration to many buyers is that bidding wars never really left us, so your story is a breath of fresh air.

I’m on the other end of the scale, a buyer-in-waiting, and my belief (hope) is that prices will continue to decline in my price range. I am aware that many sellers are waiting for an improvement, but I’m not sure that will happen any time soon. My gut tells me if, or when we have reached bottom, previous high levels of appreciation are unlikely, in the near to mid term. It seems to me that many sellers who bought more than ten years ago, could still sell and do well since historically California prices have always been high. So it seems there is a dilemma. Sellers wait for the ‘hoped-for’ improvement, which may never come, or lock in gains now at prices which are may reflect more realistic value, and therefore still provide a modest but not unreasonable gain.

I hope I’m not going to be (as you so aptly put it),”trolled into no win arguments”, but wouldn’t it be great if more buyers and sellers could share frank views directly, as opposed to shouting through an impenetrable wall of misinformation, middle-men, special interests, and greed?

[34f3f3f]

Cabal, this is the most interesting post I have seen for a long time. Thanks for sharing. Very few sellers seem willing to share their experiences.

I’d just like to say that the experience you describe is the inverse of the inflating bubble. Low balling, and over correction is the jungle’s response to bidding wars and over-pricing. However, the source of much frustration to many buyers is that bidding wars never really left us, so your story is a breath of fresh air.

I’m on the other end of the scale, a buyer-in-waiting, and my belief (hope) is that prices will continue to decline in my price range. I am aware that many sellers are waiting for an improvement, but I’m not sure that will happen any time soon. My gut tells me if, or when we have reached bottom, previous high levels of appreciation are unlikely, in the near to mid term. It seems to me that many sellers who bought more than ten years ago, could still sell and do well since historically California prices have always been high. So it seems there is a dilemma. Sellers wait for the ‘hoped-for’ improvement, which may never come, or lock in gains now at prices which are may reflect more realistic value, and therefore still provide a modest but not unreasonable gain.

I hope I’m not going to be (as you so aptly put it),”trolled into no win arguments”, but wouldn’t it be great if more buyers and sellers could share frank views directly, as opposed to shouting through an impenetrable wall of misinformation, middle-men, special interests, and greed?

[34f3f3f]

Cabal, this is the most interesting post I have seen for a long time. Thanks for sharing. Very few sellers seem willing to share their experiences.

I’d just like to say that the experience you describe is the inverse of the inflating bubble. Low balling, and over correction is the jungle’s response to bidding wars and over-pricing. However, the source of much frustration to many buyers is that bidding wars never really left us, so your story is a breath of fresh air.

I’m on the other end of the scale, a buyer-in-waiting, and my belief (hope) is that prices will continue to decline in my price range. I am aware that many sellers are waiting for an improvement, but I’m not sure that will happen any time soon. My gut tells me if, or when we have reached bottom, previous high levels of appreciation are unlikely, in the near to mid term. It seems to me that many sellers who bought more than ten years ago, could still sell and do well since historically California prices have always been high. So it seems there is a dilemma. Sellers wait for the ‘hoped-for’ improvement, which may never come, or lock in gains now at prices which are may reflect more realistic value, and therefore still provide a modest but not unreasonable gain.

I hope I’m not going to be (as you so aptly put it),”trolled into no win arguments”, but wouldn’t it be great if more buyers and sellers could share frank views directly, as opposed to shouting through an impenetrable wall of misinformation, middle-men, special interests, and greed?

[34f3f3f]

Cabal, this is the most interesting post I have seen for a long time. Thanks for sharing. Very few sellers seem willing to share their experiences.

I’d just like to say that the experience you describe is the inverse of the inflating bubble. Low balling, and over correction is the jungle’s response to bidding wars and over-pricing. However, the source of much frustration to many buyers is that bidding wars never really left us, so your story is a breath of fresh air.

I’m on the other end of the scale, a buyer-in-waiting, and my belief (hope) is that prices will continue to decline in my price range. I am aware that many sellers are waiting for an improvement, but I’m not sure that will happen any time soon. My gut tells me if, or when we have reached bottom, previous high levels of appreciation are unlikely, in the near to mid term. It seems to me that many sellers who bought more than ten years ago, could still sell and do well since historically California prices have always been high. So it seems there is a dilemma. Sellers wait for the ‘hoped-for’ improvement, which may never come, or lock in gains now at prices which are may reflect more realistic value, and therefore still provide a modest but not unreasonable gain.

I hope I’m not going to be (as you so aptly put it),”trolled into no win arguments”, but wouldn’t it be great if more buyers and sellers could share frank views directly, as opposed to shouting through an impenetrable wall of misinformation, middle-men, special interests, and greed?

[IONEGARM]

[quote=UCGal]To the OP –
Can you add more square footage to your existing home? That seems to be the appropriate compromise. It’s a lousy time to sell and there’s potential risk to buying at this point. Can you make the home you already have a home you can stay in long term?[/quote]

Lousy time to sell? Low inventory, 5% interest rates and tax credits…

Sure the economy isn’t great but when the economy picks up, rates will go up. The ability of future buyers to have any sort of additional purchasing power is highly suspect. Waiting to sell to “get your price” is thinking that all sort of incredible things will happen.

[IONEGARM]

[quote=UCGal]To the OP –
Can you add more square footage to your existing home? That seems to be the appropriate compromise. It’s a lousy time to sell and there’s potential risk to buying at this point. Can you make the home you already have a home you can stay in long term?[/quote]

Lousy time to sell? Low inventory, 5% interest rates and tax credits…

Sure the economy isn’t great but when the economy picks up, rates will go up. The ability of future buyers to have any sort of additional purchasing power is highly suspect. Waiting to sell to “get your price” is thinking that all sort of incredible things will happen.

[IONEGARM]

[quote=UCGal]To the OP –
Can you add more square footage to your existing home? That seems to be the appropriate compromise. It’s a lousy time to sell and there’s potential risk to buying at this point. Can you make the home you already have a home you can stay in long term?[/quote]

Lousy time to sell? Low inventory, 5% interest rates and tax credits…

Sure the economy isn’t great but when the economy picks up, rates will go up. The ability of future buyers to have any sort of additional purchasing power is highly suspect. Waiting to sell to “get your price” is thinking that all sort of incredible things will happen.

[IONEGARM]

[quote=UCGal]To the OP –
Can you add more square footage to your existing home? That seems to be the appropriate compromise. It’s a lousy time to sell and there’s potential risk to buying at this point. Can you make the home you already have a home you can stay in long term?[/quote]

Lousy time to sell? Low inventory, 5% interest rates and tax credits…

Sure the economy isn’t great but when the economy picks up, rates will go up. The ability of future buyers to have any sort of additional purchasing power is highly suspect. Waiting to sell to “get your price” is thinking that all sort of incredible things will happen.

[Author]

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