Comments on: Poll: Are You Looking to Buy or Sell a House Right Now?

By: Cheap Pennsylvania Insurance

Cheap Pennsylvania Insurance — Tue, 18 Aug 2009 19:49:14 +0000

I think that most people are just waiting, not buying or selling as prices are too low nowadays

By: Goran Web | Net Age

Goran Web | Net Age — Tue, 18 Aug 2009 02:38:25 +0000

Banks aren’t lending money that easily, causing further deflationary pressures on the market. but I think in the future it will recovery. so i want to wait some days to sale my house.

By: Damon Day

Damon Day — Fri, 14 Aug 2009 22:17:15 +0000

It really depends on the local market, but overall I don’t think the housing market is near the bottom yet. There are still another 1 or 2 years of 5 year arm adjustments coming due. There is still a large excess of inventory due to overbuilding. Banks aren’t lending money that easily, causing further deflationary pressures on the market.

A good general rule of thumb is to look at the rent parity in your local area. When an investor, can come in, buy a house, and rent it out for break even or profit, that is when you will see the demand pick back up and you will be close to a bottom.

By: Diana

Diana — Thu, 13 Aug 2009 19:22:12 +0000

We are trying to sell our small house, and the agent told us a while ago that there are houses around ours cheaper and bigger. If we lower our price we would be literally paying someone to take the house away from us, so I guess we cannot sell it now.

By: tiffany

tiffany — Thu, 13 Aug 2009 02:35:02 +0000

My choose Trying to sell a house.

By: Savings Accounts Girl

Savings Accounts Girl — Wed, 12 Aug 2009 18:05:07 +0000

I’m not looking to buy or sell – but I have a couple of friends – one just bought a house and the other is trying to sell his house because it’s near underwater. 2 different ends of the spectrum.

By: Nancy C

Nancy C — Wed, 12 Aug 2009 17:27:58 +0000

I’ve been trying to sell since April. I have a 2/2.5/1 townhouse that I thought would sell rather quickly. It turns out the money’s very tight for lending for this type of property and everyone wants a view.

I decided to sell because despite the slump in the market, prices on homes are finally within reach. Since the townhouse has almost doubled in price since I bought it (about ten years ago), I have quite a bit of equity built up with an already small mortgage (<$100K). If I can sell it even at a "priced to sell" price, I'll still have a hefty downpayment for a new house.

My contract is out in October, so until then I'll hope for a buyer.

By: CJ

CJ — Wed, 12 Aug 2009 16:41:53 +0000

We own a typical two bedroom home. It is perfect for the 8000 first time home buyer credit. We have about 60% equity and are looking to leap towards the home of our dreams. We’ll see if it happens.