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All Forum Posts by: Raj Kumar

Raj Kumar has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Any predictions on real estates

Raj KumarPosted
  • Potomac, MD
  • Posts 1
  • Votes 0

I have a rental townhouse that makes me an income of 7K a year. This is Maryland (Gaithersburg) area. Market was great few years(2006) back and I could have made a profit of 125K, now I am getting  offers that will fetch me 50k in profits. The house is  not in a great area and crime going up. I am not sure if ever it will go back to price to 2006 level. I have been renting this house since 1995. Any recommendation if I should just walk away with a price of 215K that I am getting or hold on to get back to year 2006 level(350k). Will real estate will back to that level ever or when?

0 Votes