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House Value Down :o(

March 29th, 2010 at 07:33 pm

I was looking over a real estate magazine this weekend.

I wanted to see if I could find some houses to compare to our so I could get a rough guess of the value.

I was thinking and hoping for $209K since we decided to sell. My husband swears the value is $259K. After looking at the magazine I think we are actually closer to 199K. I would really like 209K but I think 199K is probubly much more likely.

Sadly I am not going to want to hear what my husband says to the realtor when she says 199K or lower since he is so sure the house is worth 259K and going to sell within days.

Me I was thinking 209K and possibly taking months. I just wanted it sold before August.

We will see once we list. I want to have the house in listing condition before we contact the realtor but of course my husband is antzy so as soon as the broken countertop is replaced we will call.

Okay Correction I will call.

6 Responses to “House Value Down :o(”

  1. creditcardfree Says:
    1269888355

    I've lived in my home three years, so we bought at a high point...blame the military...anyway it's still only worth what we paid for it! It was up for a bit and then down, and down. Still at least a year or two until the next move so I'm hoping for a bit of a gain.

    Good luck! I hope you owe less than it's worth!

  2. blackdiamond Says:
    1269889031

    My fiance's house is worth 100K less than he & his brothers owe on it and their mortgage variable rate just went up. My fiance's 3rd of the note costs his entire monthly salary. Because of this, we had to cancel our wedding and probably won't get married until things turn around for him (5-6 years?) or I start making enough money by myself to pay for a place to rent or buy for two people (maybe 3-4 years if I am lucky).

    Honestly, your situation could be worse.

  3. blackdiamond Says:
    1269889153

    Not trying to bring your blog down or anything. Just pointing out that being around 50K down in value is something that some people would love to have right now.

  4. monkeymama Says:
    1269892829

    Look on the bright side. $199k is a great price point. Around here you list something at $210k, eh. $199k, then there is a frenzy. Being able to price at $199k, might be very appealing - though, you have to convince the spouse. I am sure a lot of people cap out their search at $200k, etc. Depends on a lot of other factors, but $199k sounds a lot nicer to buyers.



  5. gamecock43 Says:
    1269907335

    Good luck, the economy seems to be turning...maybe it will turn in your favor. Maybe not, plan for the worst, hope for the best.

  6. LittleMsMom Says:
    1269964624

    Just wanted to post, went into the store last night to get the ball rolling on the countertop and get the people out to measure for the countertops. So hopefully within a week or two that will be done!

    In our area of the country our property values are standing fast. Last night I got a city tax assesment for taxes for 2010 and they listed the house at 205,000. Someone come in to do mini inspection in Dec of 2009 since it had been two years since we got the building permit to finish the basement. It was not completed yet so that is what they marked down but 205K unfinished (missing ceiling) is closer to the 209 I had in mind than the 259 my husband had in mind.

    Are city tax values usually more than what you can get resale or are they normally close?

    We bought in 2007 put down 20% and finished the basement which I figure added 33K to the property value so we are not underwater. We just need to sell for personal reasons.

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