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Old 05-08-2008, 01:00 PM
jco jco started this thread
 
Location: Austin
2,121 posts, read 6,452,385 times
Reputation: 1444

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Our renters, who signed a year lease, want out due to a sudden financial crisis. We left in January and haven't been keeping up with the market since. Have things started to move at all with the summer here? We're thinking of just listing for what we owe + realtor fees (we put 20% down); are homes still selling if prices are slashed?
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Old 05-08-2008, 10:53 PM
 
611 posts, read 1,991,634 times
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I've been watching Surprise nearly daily for a month. My "opinion" is that it is ready for another big drop. I'd list now because I could easily see a 15% drop by December. Some of the 4 bedroom REOs have fallen below $150k and 3 beds apraoching $100k. The low resales today will be tomorrows comps. Again this is my opinion but if I were an owner I'd either be preparing to hold out for a long term recovery or getting out now.
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Old 05-10-2008, 12:12 PM
 
6 posts, read 12,473 times
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Default surprise market

yeah I would say list now and run for the hills! I just bought 2 foreclosures in Surprise at $62 per sq ft.
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