 Difficult decison
GG, you have my sympathy. There is little you can do but wait. The only other option is to drop your price so that someone will snap it up. Painful as that may be, it could save you in the long run. Put yourself in the buyer's shoes and ask yourself what would overcome your resistance to buying at the present time? At least at the present time some people think the fall in prices may only last a year or two more. What will those same people think a year or two from now if prices have fallen a further 10-15%?
I guess you have to take a view on your own situation and your attitude to risk. There is no arguing with the facts that point to a continuing downturn in property prices, but that is not to say that the outcome will follow forecasts or that the editorial opinion that influences one's thinking will turn out to be accurate.
Ultimately it's your decision. But the more research you can do, the better informed you will be. Just don't listen too closely anyone with a vested interest in property as they have no alternative but to try to see a glimmer of hope where there may be none. This may sound like doom-mongering, but IMO the weight of evidence backs up such a view.  |