I have been renting, waiting out the market for a couple years, I am that buyer looking for a deal. If you are not in a "Good" school district, I would say you aren't going to get many showings, unless you view your home as a "starter" home. the 8K tax credit is only for people who have not owned a house in the last three years AND meet certain income limits, it's not available for everyone. If you can wait it out great, I have seen homes in the 400-500K+ range which have been on the market over a year, but I also see 350-500K homes that have nice kitchens and otherwise updated sell pretty quickly, especially in the desirable school districts. If you are in the City I think people are turned off by the high taxes. I am not a realtor, but have spent the last few years carefully watching the market.
I would save yourself the stress and take it off the market at the end of the month. Living with little ones in a house that you have to keep show ready is a real pain. - Fri Jul 10 2009, 13:34