Reply #6: My house has been on the market for 2 weeks, only one potential buyer [View All]

[fed-up]

has looked at it. In area with over 500 realtors and 590 houses on the market (normal is about 150) only one came to the Realtor's tour yestereday and that is because my realtor offered a $100 drawing for the realtors that showed up. There were 86 houses on the open house list for this week (33 of those were relists with lowered prices).

My house is priced $60K below what it would appraise at.

With all the FEAR MONGERING headlines people are just biding their time and waiting to see if prices drop. Some realtors and the newspapers are convincing people to wait. Lots of investment properties are on the market with more coming on daily.

I found a smaller house that would be perfect, but am afraid to make an offer in case mine doesn't sell....

All I can do is cross my fingers and hope that someoned wants a great house on a great half acre lot for a great price...

Going through the sold listings of the past 6 months in my price range 13/14 sold in less than 90 days and about half of those sold in less than 60 for close to asking prices. Most houses that sold up til June got close to asking and seemed to hold to the 2 1/3 times the price they sold for 5 years ago. (thanks to google I was able to find there selling price if they had sold in the last 5-6 years) The market is NOT as bad as they are portraying, there are just 4X MORE Listings. Did I also say that July had a killer heat wave in California?

Did I say that I hate the media yet???