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    lunartaurus's Avatar
    lunartaurus Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 23, 2007, 08:41 AM
    Ohio buy/sell options
    We are more concerned about the sale of our existing home than purchase of another... however, we can't do one w/o the other. Hubby says we need to wait another 2 years (after we agreed to try to move this summer) because the market stinks right now. I hate it here and want out bad enough to consider renting out the house appliances and all, just so I can get out. I know there are a lot of risks there, but I also know that right now we won't get near what the house is worth. It seems like no matter how we go about it, we lose our... we slightly overpaid for the house in the first place but needed out of the deal we were in. It's a really long story that really doesn't matter. Anyway... how can we get out of this house with enough to get another house. There were many improvements made to the house, updates etc. And it's a small town in Ohio. I suggested we talk with the mortgage company that helped us get this house and see what our options are (trying to avoid excess $$ with a realtor) Any advice?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #2

    Jan 23, 2007, 08:47 AM
    Yes, the market here is Ohio is not great... but don't let that dissuade you from taking the next step. Come up with what would be an acceptable amount that you'd take for the house and list it for a bit more to give yourself some negotiating room... and list it.

    Even in a bad market there are people out there willing to pay the price for what they want... and that could be your house.

    It sure can't hurt to list it and see if you can get what you want for it.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jan 23, 2007, 08:12 PM
    So a market is slow, but it does not mean there is no market, and what better time to "BUY" when you may get a better deal where you are going.

    And just because things are slow people are not giving away their homes, most have them mortaged up to 90 to 100 percent and just can't give them away. Others are holding on if possible.

    So you list and try to sell, if you don't get a offer you like, don't sell.

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