No. What you do is
this; You put a 4 sale
sign on it because that
is what your lawyer will tell u to do.
The house will not
sell because you will
price it too high and
no one wants it anyway.
Then, you sue BP because due to the oil
your house did not sell. It will take
years but you will
collect. Be smart,
sue them NOW.
That might be great in theory but not the way the real world works. BP lawyer would know house was overpriced based on appraised value and that is their defense as to why no sell. Loss would be value at time of spill and value after spill. Actual damages. Punitive , etc.?? Who knows.
I would sell now. The economy will get worse. And the oil will come to Florida and kill Florida real estate. That is a double whammy.
Sell and move to Montana. You will be safe there.
housingpredictor.com stated that "Homes along the immediate path of the Gulf Coast oil leak are forecast to decline at least 30% in value as a result of the environmental catastrophe produced by British Petroleum's gushing oil well..."
That would be a deal of a lifetime on top of the already beat down market. Within 5 years or less, no one will even be able to tell this ever happened, nor will it be in the news. Just like Ixtoc.
no...it's actually a good time to give it away. Seriously though...it depends on where it's at. Ask yourself this...How much time do I actually spend in the water? Do I like going to Florida regardless if I swim or not?