Monday, November 08, 2004

Seller's Angst

We're waiting. Waiting. Waiting. The scenario in a hot market was to sell the house at three times the purchase price and move on with our lives. Six or seven weeks have passed. The traffic is slow; the offers are nill. And we have dropped the price twice now, a mere hundred thousand less than we started. There was yet another open house today. Let it be said that our broker has been working hard to get things going. Three "live ones" visited today, a beautiful, moderate fall afternoon in South Salem. The house looks pretty good right now. Someone should want to buy it. The prospect of winter and oil, no cash and so on is a nightmare. And, of course, the buyers sense this. And we thought it was an optimal time to sell, a hot market, lower interest rates than many will see again for years, a time the Wall Street Journal touted as the best to sell in an unstable climate. I hope we have not botched it, missing the prime opportunity to sell in a seller's market. Timing is everything. Timing. Timing. And we are waiting. Waiting.

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