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Updated over 16 years ago,
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The rental got some repairs done today, and will get a bit of paint. It will be cleaned, I have a window person coming to give an estimate on replacing 5 double-pane windows later this week. I don't think I'll replace them, but wait to see what an actual buyer says. I hope to list it for sale by mid next week, and give it 3-4 months. If it isn't sold, I may move into it and rent my residence, or I may rent the rental. I really want it sold and replaced.
I've been talking to agents, and each one seems to say something different: either houses are selling, or they're not; either we're seeing some recovery here, or it'll get worse. I said to one that I should have sold last year. The response was, last year you probably wouldn't have sold any faster, nor gotten more money. I was surprised at the agent's response.
I was going to come here to ask "Who to believe".
I'm having a difficult time, not knowing if I'm doing the right thing, having evicted a really good tenant to sell the place, and it's a struggle for me at times.
Today I saw a report that shows that in MY zip code August 2005 had the highest average selling price, and it has been falling ever since.
Average selling price city wide is over $238K (my house will be listed at about $165-170K.)
My area sales price is about average compared to most of the city, but my own house is really entry level (way below the average price of $214K :roll:)
In my zip code, there were 207 Active listings in August, and 30 of those sold.
I hope I'm doing the right thing, at the right time. I continue to think I am.
Any words of comfort or wisdom? I'd sure appreciate some...
ofgift.