Since Florida prices are at an all time low I am sure you got a great deal! I may personally be interested in your home. Call me at 908-616-9665

Hi Jen, checking in to see if you listed your home for sale in Bridgewater? If not, let's talk and get moving. As the first poster cautioned, in a declining market, the longer you wait the more you are apt to lose. Given recent events in the financial markets, this fall has been particularly tough. The continued uncertainty negates the conventional wisdom to wait it you can until an anticipated "pricing bump" in the Spring. If life is taking you in a new direction and selling your home in Bridgewater is part of the plan, then do not wait.

The lower price points are moving - price is key - but if priced right, your home will appeal to a first time buyer. I'm working with several who have exrpressed an interest in Bridgewater and this price level - depending on lot size, features and condition, your home may be of interest to them.

Please reach out to me if you are still considering selling your home. I'd like to help.

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com

Your situation sounds better then most people. If you can wait, Rent the property out. Find a good tennant.. you can get short term rental $ for people buying new construction.. that way you are not tied into a lease, go visit a few builders.. they have people that need short term housing and pay top dollar for it. Just google short term rentals and see the pricing! You can get better rent and good quality short term tennants.

Then wait 6 months, I think the bottom is here and next spring will be brisk in sales (my opinion)

Jen,
That price point in Bridgewater is still selling as long as the property shows very well and does not have mitigating issues(power lines, flood zone, busy street, etc.). I agree with the previous answer that you should list it for sale and for rent. The rental market right now is pretty good so you can get a decent rent that may tide you over until the resale market turns around. If you need help with the sale or rental, please contact me at my website or by phone. Good luck!

Jen
It is a buyer's market, so all things being equal if you need to sell, sell now. If you can rent it out, that would be a better long term solution. If you need a local top agent tor advice I will be happy to refer one.

Hi Jen,
You do have 2 chices-sell now or rent and wait untill the market will change. Although there may be tax advantages in renting it may also come with a headace (what if your tenants stop paying the rent) anyhow, chances are that the market will continue to decline before it will take a turn around. Buyers will not pay for improvements / maintnance made. A seller will end up paying for maintnance either while still living in the house or when selling.
Good luck with your decision and good luck with your move.

James, I wish I could give you 5 thumbs up. If it isn't the BEST HOUSE at that price or the BEST BARGAIN it will go nowhere in this market.

Wondering how you know what offering prices are? I believe you mean SELLING prices. There may have many many lower offers. As for should you wait? For what? For prices to go down even more?

I would list the place for sale or rent. If either happens you are in a better position. There are some advantages tax wise to keeping as a rental especially if your alternative is to sell at a loss. In any event having available both ways encourages both renters and buyers to act quickly or risk losing the opportunity. Agents can also manage the property for you if you feel unqualified to handle this.

Hi Jen,

I am not familiar with Bridgewater so my advice is from a general prospective.
The risk that you take by waiting is that the property values will decline, as they are in most parts of the country.
You mentioned that the homes in your are listed slightly below of what you would list your home for. I would advise you to contact an experienced Licensed REALTOR® to give you some prospective on the direction that the market is heading in your area.
As a seller who has done her homework, never forget to take into consideration that a listed property is just that, listed. Before you make your final decision you must have a clear understanding of the prices that the homes are actually selling at.

Help lots of people and have a great day!!!

Patty Da Silva, CDPE©
CERTIFIED DISTRESSED PROPERTY EXPERT©

Licensed REALTOR® & Mortgage Broker - Senior Financial Advisor

305-244-0609
http://www.pattydasilva.com

In a flat or declining market, the best advice is to accept reality, price your home appropriately, and sell it as expeditiously as you can. The sobering truth is that buyers won't pay a penny more to help you avoid a loss. The longer you wait to sell, the more you stand to lose.