We listed our house in Feb. and had to move right away due to a job. Well, the job didn't work out, long

Asked by Jim, Maine Sun Jul 6, 2008

story, and relocated to a nearby location we'd scouted out a year prior.
Problem is, my wife and I aren't finding jobs and our house isn't selling back in Maine. Is it advisable to go back and take our house off the market. If we live in it and fix it up some more and sell in a few years, will the market have rebounded by then?

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Terry Reager, , Portland, ME
Mon Jul 7, 2008
Hi Jim,
If you have a job to come back to and a place to live, it might be wise to return to Maine. Depending on where your home is located in Maine, the market may not be as bad as some other areas of the country. Unfortunately, because of all the "doom and gloom" we hear and read from the news media, we assume that all areas are suffering. Fortunately for many home owners in Cumberland and York Counties, the market really isn't all that bad, especially if your home is priced to sell. Pricing is everything! It should reflect condition, location, and your motivation to sell. If you need more information before making a decision to move, please feel free to email me at treager@kw.com
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Dallas Texas, Agent, Dallas, TN
Sun Jul 6, 2008
Have you thought about leasing your home? Paying for a vacant property with no jobs can be expensive Real estate professionals per the code of ethics can’t make those comments on where person should live Good luck http://www.lynn911.com
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Pacita Dimac…, Agent, Oakland, CA
Sun Jul 6, 2008
Hi, Jim

Tough choices. Is your house paid for? If you moved back, will you be able to find jobs, and are your living expenses going to be less expensive than where you used to live? How's the real estate market there?

Generally speaking, home prices (not necessarily values) double every 10 years. But if you bought your house 2-3 years ago, selling it today may not reap the $$ you expect(ed).

Who knows when the market will rebound? The only time anyone really knows when the market hits bottom is just after it starts rebounding.

If you are going to do some fixing up, you may want to refer to this website for Cost Vs Value report that shows how much of your investment you can recoup, depending on the project and the location


Good luck!
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