Rita Douglas

Thank you to all whom have answered. I appreciate the imput. - Sat May 31 2008, 09:32

No, I am not kidding. Here in Harkers Island, NC. real estate is very slow. I have been told (mostly by real estate agents) that the reason for this, is because hardly anyone is able to get a loan. Could the lenders be that different here? It IS nice to read that we are going to be ok to buy there. Our house purchase price is based on the online calculators. We do not want to max out our income, so have decided to buy less than we qualify for. We have already made one mistake, we built this huge house on Harkers Island. Which is at the end of all civilization as you know it. - Sat May 31 2008, 08:44

Louis,
Yes, you did see my home.I never thought about it before, but you are absloutely right on. I have never liked the photo's used and I think there are way too many that don't even need to be there. I have to agree with you on this one. That could very well be part of the problem. - Mon May 12 2008, 11:56

Larry-
It is being markerted in D.C and NJ. in addition to local mags. We built here thinking (unrealistically) that our kids would follow us. They will not and it is very clear that we made the wrong choice to build 2,300 miles from them. Because we are the "portable" folks, we feel we need to move back to the west coast to be there with our kids. This dream of ours became a nightmare when there was a family emergency and it was not possible to get to the west coast in a timely manner. So after building our dream home, it is time to leave it behind. Who are the C/B agents near me? - Mon May 12 2008, 10:49

First of all, my home is less than a year old and in excellent condition both inside and out. I am on a island. There is a home across the street (on the water) from me that just sold for $367 per sq. ft. It is four years old and is not upscale (no elevator, tile or high end appliances). I have an unobstructed water view. The other home was on the market for 11 months. Both homes have access to a community pool and boat launch. Both have a deeded 20' boat slip.
My home is staged and ready to sell. There are no issues to "fix". Our listing price is below comps.
Our price per sq. ft. is $210. There is a house next door also for sale, but is not in the same price point as ours. It is also listed at $347 per sq. ft.. and is not on the water either. It had a contract that fell through.
Elv!s; our appraisal AND the current market value done WAS based on comps of the area and "market value" makes our home a "steal". It was suggested by three agents from three different brokers to list our house $100k ABOVE it's current listing price, but we want out as soon as possible. REPLACEMENT value would place our home in an entirely different price point, over $1,100,000. It is VERY competitively priced. Our home has been listed for 4 months. When I said no one has come, I mean, my home has never been shown. Period. Average days on the market? If my home was listed for under $200k, it would have sold by now. Homes in our price point of $800k are moving slower than that. I do not know if the many other homes for $800K are being looked at or not. I do know that realtors in this area almost NEVER attend "broker opens" as they feel it is a waste of time. How can buyers agents compare homes for the buyers if they don't look to see what is out there?
Anyway, thank's for letting me vent and find out what other Realtors think. Is it possible it is under-priced? - Mon May 12 2008, 10:03

Emily,
You DO have a 30 YEAR loan right?
YOU thought your home was worth 240k when you bought it.
Now you THINK it is worth 100k less.
You have only the mortgage payments invested, with ZERO down.
Your lenders aren't telling you to come up with 100k so stop stressin'.
Have you had your home appraised in the current market?
You have ONLY LOST MONEY ON PAPER.
You still have a home.
This market is crazy. It could boom again.
Wait and see. You COULD recoup the 100k in three or four years.
At that point, you can come out even, or ahead !
Have a little faith. - Sun May 11 2008, 13:00

Al,
If you pay cash for your "rental" in Vegas, I can't see how you could loose. Sure, if you wait for a while, prices could drop more, but then maybe not. New construction condo's not in a "marginal" area of Vegas are going to be VERY expensive. Once new construction starts happening in a frenzy, you can count on prices going up. Right now, buliders offer incentives to get your dollars. Go for it. - Sun May 11 2008, 12:50

not very much at all, no wood here - Thu Mar 6 2008, 12:47