Home buyers want a fantastic deal. If you accept a low ball offer, don’t be surprised if the buyer gets spooked and backs out. If you are thinking about testing the market. Wait. Wait until there have been a few months in a row of increased sales and appreciation.
Real estate is a long term investment. Short term market fluctuations can feel painful. But, if you are fortunate to have the income you did when you purchased the house. Or. If you rent the house out and still get similar rent. Try thinking of your home like a bond. A bond can go up or down, changing the net asset value, but the cash flow stays the same.
Like all things cyclical, real estate will come back.
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