Selling my house in todays market

Question

Is it even possible to sell your house in todays market, paid 175k 8 months ago, i was just wandering if people are even able to buy houses nowadays, its in a very nice neighborhood, excelent school system, was thinking about putting it on the market for 149k.

Answer 1

That sounds like a good deal for the buyer, but not you.

It sounds like the house would differently sell fast. GOOD LUCK!!

Answer 2

Yeah house are still selling...but if I unerstood your question correctly you bought it for 175 (8 months ago) and want to list it for 149? Did you bring a lot of equity you don't mind losing or what? Because if you don't sell the house for what the remainder on the loan is YOU have to bring the extra money to closing or it will NOT sell.  

Answer 3

Sure you could sell it. I've watched the market in my own neighborhood pretty closely the past year (I've also thought of selling), and every house sold within a month or so.

How much you can get is obviously another matter entirely, depending on where you live, any improvements you've made while living there, etc.

Answer 4

If you can pay the mortgage, hold on to the house.  Don't panic and don't sell short.  If you can afford it, either rent out the entire house or even a room to help offset the cost a bit.