Quote:
Originally Posted by Lefazz  There WOULD be buyers if sold cheap enough. Sell a 300K house for 150K or whatever the market can bear. Sure it's a loss, but it's better than "0" which is what they are getting by sitting on it. |
Everyone is afraid that the real estate price drop 50-75% so, banks, real estate agency and everyone else list the houses at 2007 price. You can bet that you can seriously negociate the price down.
Though, even as 50% of their 2007 value, people might not find a loan to buy them, so the market is really limited, if you have to drop to 25% of the 2007 value to sell it might be better to hold onto them, hoping the credit shortage get sorted and that you can sell them 50-60% of their peak price in 2 years or so.
