Asked by Gpb, Germantown, TN • Mon Jan 17, 2011
We purchased our home in May, 2008. It is a 5 bedroom, 3 bath home in Germantown. We bought it for $239,000, which was comparable to the other homes for sale in our area. Currently, all the houses in our neighborhood are for sale for $159k to $235k, and they are not selling. It makes my stomach hurt. I really want to move. Should we try to sell now before prices drop further or pray things stabalize soon? I never liked this house very much to begin with, so watching my neighborhood decrease in value so quickly really makes me upset. I don't want to be stuck in my house.
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