The State of Real Estate Today

The mortgage situation is scary - but you also have to realize that the mortgage situation is part of what is keeping your home from selling - if people can't get mortgages, they can't buy your house. Unfortunately, there are homes on the market that have been up much longer than yours (4 weeks per the article) - so, as they say "patience is a virtue." Negative energy only brings more negative energy...

We all know that buyers determine a price, but if you didnt list at a price comparable to what the area was selling for, buyers would low ball all day long and nobody would make any profit. The writer sounds as if she was just complaining because her house hasnt sold yet. I dont think you need to jump down her throat because shes frustrated that in this buyers market she hasnt even recieved any decent bids if any at all. Relax there keyboard cowboy.

It's a pity that you believe that because other houses in your neighborhood sold for a certain price, that you assume that your should sell for the same. Buyers determine price not comps. Comps are a way of estimating the apporixmate value, but what a buyer that wants your house is willing to pay is the ultimate judge of price. You blame the realtor, but in fact it is you who has preconceived notion of what you want for the house. You and sellers like you are what keeps houses on the market well into expiration. Any realtor will tell you to clean up memorabilia, pictures, and clutter, to basically stage a house in order to attract buyers. Most buyers do not want to see clutter when they picture their dream home. The government does not need to artificially adjust the market for any reason. The only thing that needs to be done by the government is to reduce the amount of shoddy banks giving mortgages to every customer with bad credit and questionable finances. Foreclosures are rising be