Thread: house selling advice
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Old 08.16.2008, 10:37 AM   #15
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Quote:
Originally Posted by Cantankerous
this would probably not be the best time to sell what with the market being down. wait for the market to build back up but don't wait for too long.

EXACTLY.

moreover, you could fix it up, increase the rent, and make a profit (you gotta pay property taxes). ok, being a landlord is not an easy business, but it can happen.

the other thing you could do is turn it into a music studio and become "the albini of indiana" :P

anyway, this is a great time to buy houses because the prices are going to hit bottom in about a year and then they are going to go UP again.

so find a way for the house to pay for its own (you gotta pay property taxes, etc) and you'll be ready to cash out in a few years, maybe double, who knows?

thing is though with a little paint and some clever landscaping you can increase the value of a house.

etc etc bla bla bla. too long a subject for before breakfast.
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