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Larry Sexton
"Selling Successfully Since 1977"
- 3 Answers
Interests:
I love skiing, swimming (snorkling), bike rides and walks on the beach.
About:
I started selling Real Estate in Ohio in 1977 after having been an Assistant Professor of Speech and Theatre at a couple of Universities. I found I enjoyed
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Larry Sexton answered:
I am a Realtor who has to sell his own home. I am a bit sick as I am absolutely certain my house is the best in the neighborhood. Unfortunately, down markets work the same way as up markets - a house is worth what it a ready, willing and able buyer is willing to pay - not what it cost to build or remodel. My countertops may have cost me a fortune but in this market those countertops are just that - countertops - not dollar bills.
I hate to tell you but you and I are in the same boat. It doesn't matter that we have the best house on the block. We may tweak a bit above the average but we are not going to sell for much more than the average in this market. Holding out for more will hurt more in the long run. You either are paying monthly mortgage payments or you have that money in savings - either way - it is costing you more money to hang on to that house than letting it go and use the money you get to invest in something else.
I hate to tell you but you and I are in the same boat. It doesn't matter that we have the best house on the block. We may tweak a bit above the average but we are not going to sell for much more than the average in this market. Holding out for more will hurt more in the long run. You either are paying monthly mortgage payments or you have that money in savings - either way - it is costing you more money to hang on to that house than letting it go and use the money you get to invest in something else.
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