Would you be distressed ..

if you had sold your property for nearly $200,000 less than asking price?

if you had just lowered your list price by almost $200,000?

if after 4 price reductions totalling over $340,000, your house had been on the market for 500 days and you still could not find a buyer?

I guess "distressed" is a subjective term to some, but it seems Merriam-Webster's definition of "experiencing economic decline or difficulty" would relate to the three examples I have listed. And as you know there are more where those came from, so claims that there are very few distressed sellers in the Deep Creek market don't stand up to scrutiny in my opinion. Prices of individually listed properties are declining and sellers are having difficulty unloading unwanted properties, it's really that simple. Call the sellers distressed or call them something else, but either way it doesn't hide the facts.

Main Entry: dis·tress·ed
Pronunciation: \-ˈstrest\
Function: adjective
Date: 1613
: of, relating to, or experiencing economic decline or difficulty

As another local blogger suggested be careful believing everything you read on some websites -- they may just be baiting you into signing up for their services. Here at this blog we don't want you to sign up for any services, just read and participate please. You might on occasion even learn something or force yourself to think about something in a whole new light -- that is the goal anyway.

Don't forget to check back to Dan's Deep Creek Blog for future updates.