Changing Economic times: Nelson Pulling Out of BEA, ICRS – 4/16/2008 8:38:00 AM – Publishers Weekly

Nelson Pulling Out of BEA, ICRS – 4/16/2008 8:38:00 AM – Publishers Weekly

My wife and I have been trying to sell our house since last June. I’ve blogged about it before on my former main blog, which I’ve stopped using because publishing now requires CAPTCHAS. I’m slowly importing my posts from Blogger, but it’s a slow, manual process that may not be worth the time.

Like many Americans, my wife and I used our home equity to pay off and consolidate debt, then of course add some more debt and then consolidate it again. Then the decision/agreement was made to sell our house and move into our in-laws house. Hey, the market was going great. It took us about two months to get our house cleaned up and prepared to go on the market. We didn’t have the equity to price our house factoring in a 6% realtor commission, so we listed with BuyOwner. BuyOwner wasn’t exactly cheaper, at least not by much, but it was an up front payment and we had the money on hand. Then the market dropped out from under us.

By February, we were getting frustrated, so we listed with a realtor. Still, in the almost two months, we’ve had two showings and no return calls. I wish the other realtors would at least return my realtor’s phone calls requesting feedback on why our house didn’t get an offer.

This leads me to the Thomas Nelson announcement linked in this blog, which I already knew about because I follow the CEO’s Blog and Twitter feed. Changing economic times are causing a Christian book publisher to pull out of tradeshows and switch to open houses and face to face meetings.

I can’t help but wonder if changing economic times don’t necessitate a change in house selling as well. I’m also opened to the possibility that my house is priced too high and there’s no way out without losing money. I know that people are looking at and buying houses, and that people are getting mortgages. I just don’t understand why they’re not looking at and making offers on my house.

Technorati Tags: Housing,realtors,BuyOwner


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