value going down

value going down

Hi Group, I have been wanting to move for a while. However, the value of my house has gone down by about ten percent. Should I still try to move or wait until the value increases again? I am afraid if I wait too long the neighborhood will become worse. <hr>Test your Star IQ Play now!

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  1. #1
    sharon smith-scott
    Guest

    Default value going down

    Hi Group,



    I have been wanting to move for a while. However, the value of my house has gone down by about ten percent. Should I still try to move or wait until the value increases again? I am afraid if I wait too long the neighborhood will become worse.

    <hr>Test your Star IQ Play now!



  2. #2
    Lynne
    Guest

    Default value going down

    <!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
    <font size="-1"><font face="Comic Sans MS">According to the real estate
    investor experts, the housing market is going to continue to decline
    and will bottom out next year toward the end of 2009 then start to rise
    again. Of course that's just speculation and no one can say with any
    degree of certainty what the economy is going to be like next year or
    the year after. Some homeowners right now are opting to sell out and
    take the loss in equity in order to purchase a smaller home they can
    pay cash for in the hope they'll be less affected if there's a
    continued decline in the economy. The majority of people aren't in a
    financial position to do that though. Getting out from under one
    mortgage would require taking on a new mortgage so for them, it's more
    like a roll of the dice at a crap table in Vegas. You *might* break
    even at some point but the odds are strongly against it. You might
    want to check the local statistics for a better overview of the real
    estate market in your area but overall nationwide, the sale of lower
    priced homes are on the rise slightly and homes in the $195,000 and
    upwards bracket are plummeting. Knowing where you fit in should be
    taken into consideration before making any major decisions about
    selling your home and moving elsewhere.



    Lynne



    sharon smith-scott wrote:
    <blockquote cite="mid:BAY117-W467624F941030AD81B4CE9D2F90@phx.gbl" type="cite">



    Hi Group,



    I have been wanting to move for a while. However, the value of my
    house has gone down by about ten percent. Should I still try to move
    or wait until the value increases again? I am afraid if I wait too
    long the neighborhood will become worse.




    <hr>Test your Star IQ Play now!


    <pre wrap>
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    No virus found in this incoming message.
    Checked by AVG. Version: 7.5.519 / Virus Database: 269.22.1/1346 - Release Date: 3/27/2008 10:03 AM

    [/quote]



  3. #3
    Nikki Papenburg
    Guest

    Default value going down

    Are there inexpensive projects you can do to like paint the walls a neutral color or bring curb appeal to your home by planting flowers in the front. Also, in most area's it is a buyers market right now because of the housing market. Have you had your home appraised recently or have you asked a Realtor to do a comparative market analysis, sometimes if you tell a Realtor you are thinking of putting your house up for sale they will do one for free. And these are very close to an appraisal.

    Nikki
    Ottawa, Illinois

    sharon smith-scott <shsscott@msn.com> wrote: Hi Group,

    I have been wanting to move for a while. However, the value of my house has gone down by about ten percent. Should I still try to move or wait until the value increases again? I am afraid if I wait too long the neighborhood will become worse.

    <hr>Test your Star IQ Play now! [/quote]



 

 

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