I’m selling my house. The Fed is about to cut rates. It this the perfect time?
The Moneyist
‘It’s a momentous moment’: The Fed is finally about to cut rates. I’m single, 48 and ready to sell my house. Is it the perfect time?
‘I had three offers over 11 months, one more frustrating than the next’
Published:
Dear Quentin,
I put my house on the market in October 2023. Yes, almost a year ago. I’m single, 48, and work in finance. I earn a six-figure salary, and I decided to leave the city I live in after more than a decade. I love my house: natural-wood floors, high ceilings. And yet I’ve had very few bites.
It’s still on the market. I had three offers over 11 months, one more frustrating than the next. The first people were retirees who turned out to be bidding on two properties. They bid $675,000, even though it was on the market for $699,000, reduced from $740,000.