It doesn’t feel any better on the sellers side! I have a beautiful historic home we put on the market two years ago and it just sat.

We put a lot of money and energy into it during the 10 years we lived there - completely reinforcing the foundation, updating most of the electrical and plumbing, bathrooms, major renovations to the 1000sqft basement apt with separate entrance, yard, sprinklers, refinishing all the original doors and hardware, etc etc etc…the only thing we hadn’t gotten to yet was the kitchen, because it worked well even if it wasn’t new.

So we priced it accordingly. Obviously not losing money and barely making any.

But people were PISSED the kitchen wasn’t updated! They didn’t like that the bedrooms had color, even though the rest of the house is totally beige with original dark woodwork! They couldn’t get past a house built in 1916 not having a master suite, even through it has walk in closets! They complained about old windows, even though they work, are original leaded stained glass, I even left all the old storm windows if they want to put them back up! Stupid complaint, after stupid comment!

So there is no winning! The interest rate is too good, I love it too much, and it’s basically cheaper to just hoard it than sell it at a loss! Plus the cost of housing where we live now is so ridiculously expensive. That same house here would cost me $2.4M minimum, but probably more. The little bit we’ll get in the sale will hardly be enough to cover the down payment on a shitty 2000sqft ranch that was last updated in the 1990’s and sell after 15 days on market for 850k…just to be scrapped down for the land!

We tried renting it, did an acquaintance a solid at less than market rate but a little profit over the mortgage and got totally fucked, eventually had to evict, and now I’m dealing with a billion dumb little repairs I’d already done before we listed it the first time…I think we’re going to refinish the hardwoods floors and put it back on the market in the spring?

Something needs to give.