[5-DayForum] Market not good

[James Cone]

We are in central minnesota. We bought a 2nd home to fix up and sell two years ago in a small town. Paid 12k for house, put 17 into it. Last fall broker listed property for 49900. No sale. We put our own FSBO sign up and tried selling for 45k. Few lookers buy no sale. We are now reading the 5 day sale book and will be doing a 5 day sale on the property at the end of sept. Will be using 24,500 as price in AD. We paid cash and have no leins on property but will be taking. The house has been redone in and out and is a very nice house (2 br 1 bth, 900 sqft) but location ( small town) and real estate market in Minnesota are big negatives. The slump  here hit hard a year ago and shows no sign of letting up so I would avise anyone who is considering waiting to do a sale that you will have a long wait. If you can afford to do a 5 day sale do it. You're not going to be in a better position 6 months or a year from now. 

The 5 day sale looks to be the best option for us. We'll find out. 

jim
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