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Real Estate
Reply to "Are sellers cutting prices in your area?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes and some have been removed from the market and relisted as rentals. [/quote] +2 My DH and I are moving our family into a larger house and listing our current house as a rental. I think we would be lucky to break even if we sold. Makes more sense to rent right now. (Luckily we can afford to do this.)[/quote] +1 It's sometimes better to wait and either rent or even just hold the property until the market bounces back rather than cut $200-300K. The market generally isn't down for long periods in the DC area. We did the math for a beach property we just took off the market. Our carrying costs are so low that it doesn't make sense to take lower offers. We're looking at renting or even just letting it sit until the market improves.[/quote]
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