Falling Home Prices
-- An Obstacle to
Your Retirement Goals?
Why we recommend taking
assertive action now to market
your real estate properties,
should you wish to utilize value
in your real estate holdings to
transition into retirement lifestyles
such as Alderman Oaks.
I recently read an article in the Sarasota Herald-Tribune
about dropping home prices.
It reminded me of advice that I have given over the thirty
plus years of being in businesses related to real estate.
I’ve taken my own advice, at least concerning what I’m
about to say, and have been very glad that I did.
The advice that I’ve given (and also heard from real estate
people) is that, in a falling market, it is important to price
your house significantly lower than other similar homes.
In a poor market it is essential to get the attention of the
relatively few buyers, who are looking to buy. If you don’t
get their attention, the great likelihood is that your home
will just remain on the market with the others that are
The problem is that this situation can go on for years.
Then, when you absolutely do need to sell, you’ll have to
list the house to get attention, and this price will be much
less than you could have sold it for when you first listed
it for sale.
Two years ago I wanted to sell a second home that I had
in Colorado. I listed it significantly lower than the other
houses that were for sale. It sold quickly in a bad market.
I have been glad for these two years that I followed my own
advice, because the market has only continued to get
I hope you find my thoughts both interesting and maybe
Many blessings to you and yours in the New Year!
Archives (Printable Materials)
What Makes Alderman Oaks So Different?
Should You "Rent" or "Invest" in a Retirement Community?
A Decision Just In Time!