Sellers... sometimes less is more!!
See what MSNBC has to say about Moving up in this dismall market
"Chris and Lori Kirsten got $20,000 less than they might have in 2007
when they sold their Seattle condo earlier this year, but they
purchased this suburban home for $425,000 — $86,000 less than the
home's peak value" MSNBC read more....
Lets do the math!!
Move-up buyers/sellers have a hard time letting go of what there
house might have been worth in 2005 when the single family market was
at its peak. Sellers will say "I will wait until my house is worth X
amount again". But don't forget, that means the property on the other
end will be worth X amount more also.
I searched the the Massachusetts MLS in Tewksbury MA and found 2
houses that sold approx. the same time in 2004 and the same time in
2009. This is a real life example!! Let's take a look at why this may make sense. Read more....