With sales at a 30-yr low and many homes losing value yearly, profits can be hard to achieve.
Experts say markets are unpredictable, so waiting to sell just to time a rebound often backfires.
If other sellers are also taking losses, your next purchase could be discounted, potentially offsetting today’s hit.
A loss sale can be the least bad option when ongoing mortgage, HOA, insurance, and maintenance costs are unaffordable.
Beyond finances, some sellers accept a smaller loss for peace of mind and to move on.
I’m seeing more homeowners face situations where selling for less than they paid can still make sense. Unpredictable markets, ongoing carrying costs, and the desire for peace of mind are shaping decisions.
