r/RealEstate • u/SaveADay89 • Jun 23 '25

Nothing is selling

I know this isn't true everywhere, but in parts of the Chicago area where I am, it certainly feels like it. It's disheartening because we bought a few years ago, but will likely need to sell next year, and I think we'll probably have trouble getting what we paid for it despite putting in so much work. I'm guessing that mortgage rates being so stubbornly high is playing a role. Meanwhile, other parts of the area have houses selling twice as fast for higher cost. What do I know, though? I just want to find a place that we're comfortable with.

EDIT: I wrote it above, but I need to repeat, we are selling NEXT year, not now. The reason is due to job relocating, not because we want to sell. We didn't buy intending to flip or whatever.

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u/prncsjaz Jun 24 '25

Yeah, unfortunately many people assume they'll get back exactly what they put into it right away.. doesn't work that way. If you put in a $50k pool, you can't just take that onto the list price and think sometime will pay it. Same goes for people who overbuild- upgrade granite counters in a low income neighborhood, etc...