"Take the money and run. If local sales are sliding, you might want to get out while you can, Mr. Rocker says. "People don't know when it's time to take a loss and move on," he says. «They will keep their prices up for two years, and at the end of the day, lose 35%».
If a cooling market translates into a smaller gain than you expected upon the sale of your home, consider relocating to an area with cheaper housing prices to make your money go further. "In California, people are driving an hour, two hours, to work so they can have more house for their dollar," Ms. MacBeth says." Source : realestatejournal.com, Seven Money-Stretching Tips For Sellers in a Cooling Market
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