Selling your home at a loss
If there's one assumption about homeownership that was pretty universal before this decade, it's that you'll at least equal your purchase price when you sell. Now, though, many aren't managing that.
In the Baltimore metro area, more than a third of homes bought this decade and resold in the first half of this year went for less than the sellers originally paid for the property. That's not counting closing costs at either end, mind you.
I crunched data from the state Department of Assessments and Taxation to put together this analysis of resold homes. You can read the full story about selling at a loss here.
Want to see more statistics? Go here and here.
Did you sell a home for less or buy a home in this category? Share your tale.
Here's one couple's story:
Categories: Housing market experiences, Housing stats



Comments
Jamie,
Congrats on this excellent article. I enjoyed it a great deal. I mean, I REALLY enjoyed iT!!
Posted by: Darwin Rules | October 11, 2009 10:24 AM
$190,000? really?
not from me; but then I wouldn't have paid $190k for it even at the peak.
Good luck to the sellers.
Posted by: MrRational | October 11, 2009 1:38 PM