The Capitol News Service reports that "Home sales are up in Florida by 33 percent over a year ago while foreclosure filings have fallen for the first time since July of 2006." Read the story.
Yesterday, I closed on a house in the Florida Panhandle area that's been on the market for two years! Yes, took a lower price than I would have liked, but I SOLD THE HOUSE.
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If others "took a lower price," it would be good news for many more too--it's just basic economics in action.
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For me, real estate prices now are strictly a numbers game. To hold onto the property, you may have to bet real estate prices and demand will go back up in the next year or two. The other bet is that real estate prices will remain stagnant or go down even more. When a buyer appeared, I bet the latter and sold at a loss. Only time will tell if I made the right choice.
It's very hard psychologically to "buy high and sell low." It's the stuff that drives appraisers crazy!
When a buyer appeared, I bet the latter and sold at a loss. Only time will tell if I made the right choice.
No need to let time tell you if you made the right choice...if you sleep better at night now than when you were chained to that property, you made the right choice.
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__________________ But hey...Top Ramen tastes a whole lot better when you eat it off of a Granite Countertop.(Mr & Mrs Too Much Homebuyer)
The Northwest Florida beach communities of South Walton County on the Emerald Coast - from east to west: Inlet Beach, Rosemary Beach, Alys Beach, Seacrest, Camp Creek, WaterSound Beach, Seagrove Beach, Seaside, WaterColor, Grayton Beach, Blue Mountain Beach, Santa Rosa Beach, Dune Allen, Sandestin, Miramar Beach - When you've said SoWal, you've said it all! Directly east is Panama City Beach, and directly west is Destin. Point Washington and Freeport on the bay round out SoWal.
Looking for free SoWal stickers?If you’re not lucky enough to be at the beach, send us the number of stickers you want and a self-addressed stamped envelope to SoWal.com, 174 WaterColor Way #114, Santa Rosa Beach, FL 32459.
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