What would lead you to sell your home?



But what would it take for you to put your home up for sale anyhow, despite the crummy market? A steep rise in taxes, perhaps? A job in another state? Marriage or divorce?

And if your house is now up for sale, why did you decide to go ahead? Or perhaps you don’t have reservations about the market?

We’re planning on publishing the responses in an upcoming feature in the real estate section. Thanks!

Chris Churchill

8 Responses

  1. Campus neighbor says:

    If the horrendous taxes in the city of Albany continue to rise at the same pace, it won’t be a matter of choosing to sell homes in the city. Many of us will be forced out.

  2. J says:

    Chris was the article about the single men buying houses removed?

  3. J says:

    Chris, yes for some reason that was no longer showing up. I couldn’t see it or find it for some odd reason.

  4. lizzee says:

    Our taxes are soaring and it sickens me to read that Schenectady has some of the highest per capita taxes in the country. We are seeing too many empty homes,far too many properties in town with PILOTS and a poor PR problem. Our home’s monthly taxes surpass what our existing mortgage payment is and so,that will be the deciding factor for us in the very near future.

  5. Linda says:

    The only reason I would sell my home is if I relocated. Maybe not even then, since I have rentals. I have moved around a lot, so I don’t expect to move again soon. There is no sense in selling my house and turn around and rent. You still pay taxes if you rent because the cost of rent includes the taxes the owner pays. I actually did sell my house a couple of years ago to trade up, therefore, if I found a great trade up I might sell to do that. Right now from the housing perspective, I am pretty much at the top of the food chain (on water, lots of land, rentals and owner’s unit), so I don’t see that happening either. No, my house here is not for sale. But I have a real nice house in south florida you might be interested in! That I would sell in a NY minute. Mainly because I don’t see myself going back there permanently, and I don’t like to manage a remote property. I have been renting it for the last five years, and decided not to sell it because I was taking a huge loss. I can’t take a loss on a primary residence so I decided to turn it into a rental. That is where it stayed. So, I have three houses, and nothing is for sale. One thing I learned in managing my multiple properties, is buy and hold and buy low sell high. Now is not the time to sell! But I did buy January 2010 and March 2008. Now is the time to buy!

  6. PW - Paulie WalnutZ says:

    I live in Albany and my taxes are killing me and have pushed my mortgage up to the point where, as a single parent, I am thisclose to not being able to swing it. I have considered selling it many times but I think I would end up renting forever and never own a house again and im not sure that is a better option…..so I push on

  7. Hanging in there... says:

    I’ve been talking to a realtor about listing my place, and the city taxes are the main issue. My escrow is nearly as much as I am paying on principal and interest. The taxes have essentially doubled since I bought the place 15 years ago. And my income has not increased like that at all, so I may have to list the place just to avoid becoming a foreclosure statistic. I’ve done everything possible to reduce the tax bite, including grieving the assessment, and was successful in doing that. But it’s just not enough relief from the burden.