Unless you've been living under a rock, had your head in the sand or been cryogenically frozen for the last decade, you know that the real estate market has taken a huge hit. I'm not sure if we're at the "bottom" of this "crisis", but I do think we're near the bottom. The only way to know you hit bottom, is when you start going back up. That hasn't happened here, so I think we're still scooting around the bottom.
I meet people every day wanting to know how the market is doing. Some want to take advantage of the lowest prices possible, and some are hoping for a recovery so they can sell at a higher price.
If you're a homeowner wanting to sell, you have to understand that when we come to you with comparable sales and give you a suggested list price, we are using our knowledge of the market to give you facts. Your house is worth what it's worth and you can't expect buyers, appraisers and real estate agents to agree that your house is worth more, just because you think so. When I tell you your house isn't worth what you think it is, I'm really not trying to insult you. I'm just stating facts.
If you go to the dentist and the dentist shows you your x-ray and says you have cavities, are you going to argue this fact? Are you going to blame the dentist for your cavities? Are you going to go to another dentist and see if the next one will tell you what you want to hear?
I am a homeowner and understand what it's like to lose value in your home. If you're not in a situation where you must sell, it may be best to wait until the market improves. If you must sell, you might need to consider a short sale.