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A lot of people looking for housing are either first-time homebuyers or looking to get closer to their workplace. First-time homebuyers are strapped for cash and lack a decent credit rating. Those looking to get closer to their workplace need to sell their home in order to buy yours. With the housing market at a standstill, buyers are waiting to see how much further prices will drop. Last year I had plenty of lookers but very few offers. Now, lookers are even less. Until the market starts to change we will remain at a stand still.
I have been doing open houses at a home with the best and worst of both worlds: lovely, taupy-mushroom walls, which everyone loves, and a funky leaf-design wallpaper border, which is universally reviled. This is a GORGEOUS home with a fantastic view, and the one thing EVERYONE comments on is the #$%@ wallpaper borders. They are in every room, and many of the rooms are faux-painted up to the borders, so removing them also means repainting.
Alpine, many of the buyers here (CA) say they like the faux painting - but it is in fairly neutral shades. Borders, wallpaper = death to profits.
I think the # reason homes dont sell is becuase buyers are greedy and convinced the market is gonna drop. Until they get out of this mentality things are hopeless
'Until they get out of this mentality things are hopeless'You are wrong about why the market is hopeless but at leastI see you moved on to the 'acceptance' phase after the denial sothat is a step in the right direction. Come to the darkside. Luke I amyour father!
LOL SOCAL... yes acknowledgement is the first step to recovery... there is/was a housing bubble, now that is has popped, prices will go down.
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