Nice name by the way, I personally believe there could not be worse time to sell a home think about this, will it be good to sell anything when everyone else is doing it also especially when others can afford to sell much lower than you and they are still not selling?
I think home owners are at a definite disadvantage competing with Bank owned REO's and desperate seller making no money on a sale and doing short sale to save a little dignity in there credit standing, even if you lived in your home for 20 years and have some equity selling now is like throwing those years of hard earn money away if you can I would advice all sellers like the latter who can to wait to do so.
It is a real shame what has happened but on the other hand it is a great time to buy, in the words of one of my colleagues "When the cost of duplicating an existing home, when you factor in the expense of buying bricks and mortar and putting it all together, is going to be more expensive." then Buy Buy Buy.
Selah (It is a signature exhortation for our thoughtful reflection and weighing of what we have just read)
Local S.East Florida expert
Halstead Homes Realty
License real estate broker