nyonyamansor09

The first thing you need to know about real estate is you have no idea what your house will sell for. When mad drooling cretins, fuelled by debt, fear and delusion start moving in herds, your property might be the scene of growling and teeth gnashing. Several of these cretins may rear up, savaging each other with lashes of a bank's sharpest instrument - a loan approval. And at the end, chests will be puffed out as one side imagines their victory becoming BBQ folklore, while the other consoles themselves with a half-hearted, "it wasn't the house for them." Which leaves you sitting on a pile of money. The other scenario is no where near as exciting, there's no victorious party and only one loser. That's you, because no one gives a jack - about you, your house, nor what you think it's worth. Welcome to the reality of the 4x2 located in Somerset. Five months on the market, one failed auction, long sitting empty and the asking price of $383,000 becomes $289,000...

On Hobart's eastern shore sits this 4x2 - now begging for a bid at 440k.See nothing was forthcoming at an ambitious 500k and reality soon set in. Well not quite that much reality, this house is two weeks off chalking up six months on the market - one of those dubious milestones, that can only signal one thing - buyers must be stupid! That's what it is, right? Not your agent actually levelling with you, very bluntly and suggesting you're well overpriced. Or you actually considering your price might be too high. No it must be those morons who want you to give it away! Unfortunately, in these circumstances, modesty prevents a discount, because back in late 2007 the princely sum of $430k was paid. And we all know real estate only goes up, so how can anyone expect to sell for less than they originally shelled out? Things get very sticky around this point, with saving face the prime objective, but ask yourself a question - when Dun & Bradsteet reports that referred debts for ...