Quote:
Originally Posted by Couple of Lakers
Quote:
Originally Posted by WinnisquamZ
You’re doing what many say “chasing your tail”. Determine your bottom line price to sell and lower it. Markets not getting any better soon and with winter approaching you will be holding it.
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Thank you for your reply. Yes you are probably correct. We're pretty much at the bottom and have resigned to the fact we may have to be here for another year or more. No big deal.
Winnipesaukee is still very enjoyable. We do love our place just looking for new adventures in the latter part of life after having been here for 26 years.
Everything that we're looking at is folks chasing their tails too. We're certainly not desperate and definitely have the best deal on the lake for what it is by far.
If buyers don't exist unless you're giving something away then that's the way it is. |
It's good that you're not desperate!
If we can stay out of a recession sales may get back to normal in another year or so, but that's a big if.
There are different forces at work today, investors have banded together to buy prime properties for cash and rent them out on internet rental sites. But even though they have no mortgages, if we have a recession each investor faces their own financial struggles. if one investor gets in financial trouble the others inherit the carrying costs which can cause a distress sale.
Instead of banks folding you will have personal investors folding.