Sheela Dc

Thanks, Scott and Sherry, and everyone who has responded to my message on Trulia. I have sold my home in March. It had taken me 3 months with a discount firm and 2 months with a regular real estate firm to finally get it sold. The home sold at $40, 000 les than what I paid for it in April 2006. I had no choice but to eat the loss in equity since I had already moved out of Boise due to job related relocation. Thanks again, everyone, for your expert advice. Goodbye! - Wed Apr 23 2008, 14:18

Hello, everyone! I just read Brian's reply and I am back with more questions. To Brian:
Can you please explain a little bit about your statement regarding an overall appreciation of 3 percent in Boise real estate since last year? I bought my house last April for $443, 000. I spent close to $15,000 removing carpets from downstairs and replacing them with hardwood. I also put tiles in master bedroom floor. Right now the house is listed at $ 419,9000, a reduction from my initial listing of $449, 9000. The house is in impeccable condition, very tastefully decorated. There is no clutter. The garage is clean and completely empty. I have professionally landscaped yard that is cared for by professionals year round. I am not willing to sell it for less than the current listing price. When the contract expires in Dec., I am thinking of renting the place out. My house is walking distance to HP and West YMCA.

If I were to rent it out, should I approach a realtor? What are the fees associated with that?

What is the current market situation in Boise? What is the outlook for next year? Thanks. - Wed Oct 31 2007, 10:16

Thanks all, for your expert advice. I have a clearer picture now. I went with a discount firm because of my situation then. I am in a better situation now and can afford a full service firm. I totally agree with giving buyer incentive, rather than extra commission to buyer's agent. When this contract expires in December, I will shop around. Mansur's point about the equity problem is very valid. I put down 10 percent when I bought the house. At the current listing price, I have lost almost all of it (8 percent less than when I purchased). I understand that market is slow in Boise. I cannot go down below the 10 percent that I paid as down payment. I might just take it off the market in December, and try to bring it back in March-April. It will be easier for me to cough up the monthly mortgage, rather than owe the bank a hefty sum when the house is sold at a price that the market dictates now. What does everyone think about this idea? Once again, thanks for spending your time sharing your expertise with me. Have a wonderful day! - Sat Oct 27 2007, 14:09