After gnashing my teeth after everytime I receive a report that another potential buyer has loved the house, hated the neighborhood, and after doing some research to learn that there is nothing inherently the matter with the neighborhood. I have decided to just wait it out. A number of people have told me that in a "normal" market, my little house would have sold. So I will wait until a normal market returns.
Rather than take it off the market, I have re-adjusted the price to something that is fair all the way around. Dropping the price time after time had no effect so I checked the comps and reached a happy medium that allows me to cover the carrying costs as well as the original cost to buy and renovate. I'm sacrificing profit, but I'm chalking that up to lessons learned.
Meanwhile, I'm looking forward to traveling down there two or three times per year and visiting with my friends there. I can also become more familiar with the area for when the final move eventually comes. Family and friends from other places will also be welcome. I plan to enjoy the little house while it's still mine.
I'll keep my readers posted as to how that strategy works out. I won't be able to go there until September, but after that I'll visit again in spring. There's always plenty of yard work to do as well.
Meanwhile, winter in Maine is slowly drawing to a close. A bit of snow lingers today, but I think we're entering the fifth season -- MUD.
Jean
Somewhere in Maine
