3 Responses to “Should I rent it out? or cut the asking price again?”

1. DannoREA Says:
   November 19th, 2008 at 7:26 am

   If you are listing with a RE agent, you can inform them you are open to the idea of renters for the time being. So long as they understand that the property will remain for sale, and must be kept in open house mode. That means super super clean at all times, no clutter, and the yard well tended.

   I think at some point (if your price is reasonable) you simply have to take a stand and hold your ground. Too many people are giving too much away, which is feeding the market’s downward spiral.

   I tihnk you folks out there are in for a little bit longer on the bumpy road to recovery, but we should see things start to look up around the end of the year.

   One last thing:

   Anyone who uses the word LEGIT right in their sales pitch should probably not be trusted.

2. Junius L Says:
   November 20th, 2008 at 3:55 pm

   Cut the asking price. The current vegas market is dismal. No hope to make any cash from Vegas property until at least 2012.

3. Rush is a band Says:
   November 23rd, 2008 at 2:43 pm

   Vegas is one of the worst housing markets in the country right now. The prices are falling faster there than many areas. I read that Las Vegas housing declined 15% year over year, so while your house has been on the market it’s value has decreased by 10%. Have you cut your price by at least that?

   Vegas also has really high foreclosure rates, too. It is a really hard place to sell something right now. How badly do you want out? What’s your equity position like?

   good luck!