Silver lining seen in home-sale drop

Silver lining seen in home-sale drop

There are 8 comments on the Akron Beacon Journal story from May 1, 2008, titled Silver lining seen in home-sale drop. In it, Akron Beacon Journal reports that:

When Robert and Renee Schosker built their home in Green five years ago, it was supposed to be their last.

Join the discussion below, or Read more at Akron Beacon Journal.

isaiditdealwithi t

Massillon, OH

#2 May 2, 2008
The ABJ could have picked a better story to cover the housing problem. I don't exactly think a spoiled couple boo hooing their house no longer worked for them and couldn't sell it for two years qualifies to get the Kleenex out.

Since: Aug 07

Jackson Twp.

#3 May 2, 2008
Slow news day, girls?

“Lohio Bound”

Since: Oct 07

Location hidden

#4 May 2, 2008
I certainly hope the market is beginning a rebound. My house has been on the market for well over 180 days. Through the winter I was lucky to get one showing a month. I've had three in the past week.

Records indicate that even in a normal property sales market, property values and sales drop significantly in Summit County during the dead of winter. If my place is gonna sell, I feel it is going to happen in May.

Carrying two mortgages sucks. I've done a lot of improvements just to sell the place, and I've dropped the offer price three times. This is just a horrible time to sell.
Frozen Money

Strongsville, OH

#5 May 2, 2008
You're all DREAMING.

Even with both Buyer and Seller on

BEST BEHAVIOUR (and pre-qualified)

BANKS ARE STOPPING DEALS OUTRIGHT.

Plus, the next round of even

higher resets is about to hit ...
SDespot

Bedford, OH

#6 May 2, 2008
isaiditdealwithit wrote:
The ABJ could have picked a better story to cover the housing problem. I don't exactly think a spoiled couple boo hooing their house no longer worked for them and couldn't sell it for two years qualifies to get the Kleenex out.
Yeah, ANYONE who tried to sell a house within the last 3 years has had it on the market at least a year or so. I took mine down after a year and a half and rent it now. Best thing I could have ever done when you consider some of the tax benefits that follow.
Alan

Mansfield, OH

#7 May 2, 2008
SDespot wrote:
<quoted text>
Yeah, ANYONE who tried to sell a house within the last 3 years has had it on the market at least a year or so. I took mine down after a year and a half and rent it now. Best thing I could have ever done when you consider some of the tax benefits that follow.
Sold mine in Toledo the first showing. It's all about the desireability of the property and proper pricing. Too many people have pulled so much equity out of their house that they can never get what they owe.
Got Outta Akron

AOL

#9 May 2, 2008
Scooter Moonpie wrote:
I certainly hope the market is beginning a rebound. My house has been on the market for well over 180 days. Through the winter I was lucky to get one showing a month. I've had three in the past week.
Records indicate that even in a normal property sales market, property values and sales drop significantly in Summit County during the dead of winter. If my place is gonna sell, I feel it is going to happen in May.
Carrying two mortgages sucks. I've done a lot of improvements just to sell the place, and I've dropped the offer price three times. This is just a horrible time to sell.
I'm right there with you! My house has been on the market for 9 months and we've dropped the price three times, too. I would be happy if someone would make some kind of offer. I hope May is the month for both of us!!

Since: Aug 07

Jackson Twp.

#10 May 2, 2008
Got Outta Akron wrote:
<quoted text>
I'm right there with you! My house has been on the market for 9 months and we've dropped the price three times, too. I would be happy if someone would make some kind of offer. I hope May is the month for both of us!!
Me too. I have a property nearer to Cleveland that's been technically for sale for almost THREE years now - nobody has written an article about my plight.

Which is cool. I chose to use the first year and a half rehabbing it and got caught in the down market. My tough luck - so what? So now I'm on my second realtor and have reduced the price. It'll sell, eventually. This kind of stuff is only a big deal to those who chose to overextend themselves. Too f-en bad, I say.

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