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Originally Posted by shepav
We've had it on since March, and we have dropped $10000 already. Anymore than than we will start losing money. Grrr... We have dropped it, so hopefully it does sell.
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Ah, but a house isn't worth what you need to sell it for to make money, it's worth what a buyer is willing to pay for it. If it's been on the market for a while and hasn't had any offers, it's almost ALWAYS because it is over priced. Have your agent do a new cost comparison to similar homes in your area and see what they are selling for. That will tell you what you need to market your house at. You may just need to take a loss and move on, unfortunatly. Remember, every month you make a mortgage payment, you're losing money, you need to stop the bleeding.