Originally Posted by kewlJ View Post
I purchased my home in the spring of 2013. Housing prices were low but had risen some off rock bottom a couple year prior. Last week I placed my home back on the market. Housing prices have gone up significantly in those 5 years. I'd like to claim that was good investment planning on my part, but I can't do that....it was just dumb luck. Just so happened 2013 was when I was ready to buy and with the passing of my partner/spouse this spring, I am ready to sell and move on.

So after doing some research, I placed the house on the market last week at almost exactly a 50% increase of what was paid. Had an open house yesterday and the realtor just called informing me 2 offers have been made this morning, both slightly below asking but pretty close.

My first reaction is that maybe I priced too low. But then again, I am ready to move on and would rather not have a long drawn out process, so if I get the price I wanted, I am happy. Still a long way from that though. We will see what happens.
The market here has jumped through the roof. Our house had around a 25% increase in the last year but the way I understand it is the prices and value have gone up but the houses aren't selling right now compared to a few years ago. You might want to take that into account meaning that if you are getting close to your offer you might want to take it. However if you can hold out I wouldn't doubt your house will keep going up. Your choice though.