Tag: Economy


15 December
Admin
Pjgirl asked:

I have a major financial dilema. I own a condo in Michigan where the economy and the housing market has pretty much hit rock bottom. I moved out of the condo a year and a half ago because I lost my job and moved home to be closer to my new job. I had the condo on the market from July 2005 until August 2006 with no offers. I decided to rent the place out in August and had someone sign a one year lease. Now she is moving out because she bought a house and cutting out on the lease 6 months early. I wanted to put the condo on the market again now. But a realtor told me that I cannot sell it for more than $138,000 but I owe $152,000. So basicaly I won’t even break even and I have no money saved to pay the difference. I need to get rid of the condo but it is killing me financially. any ideas of what i can do? I need to sell because I won’t be able to buy a house with my boyfriend in the future if I still own the condo.

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13 December
Admin
Lfrech4 asked:

I’m thinking of getting into home staging for a business out here in Vegas- any feedback as to firsthand knowledge of the need and possible success of this business? Home staging is widely used on the east coast, but doesn’t seem to be known here. In this economy and with all the homes for sale, I figure the odds of getting work are higher if the value of staging is understood by the seller (many sellers do not want to lower their asking price and hence need to do something/everything to get the top dollar they’re asking for) (Home staging is, in a nutshell, basically decluttering/reorganizing/depersonalizing a home to create a picturesque atmosphere in order to get prospective buyers to feel like it could be their home, therefore bringing in top dollar for home sales to sellers and selling their home faster.)
Your intelligent thoughts/foresight are appreciated. Please reference your field of work/study in your reply also.
Thanks!!

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