No House is an Island

I have some clients that had their house on the market a couple of years ago, it is an older home on some acreage in the Kuna area. After a time on the market they decided they would not sell their house for what it is was actually worth at that time. Now these home owners are not in the situation of being upside down with their mortgage like so many other homeowners, as they still had equity in their house. I am a firm believer that people should only sell their homes when they want to, or in some cases when they need to, but what bothered me about these folk's decision to wait is they are also wanting to turn around a buy another home in our area. While their property has indeed declined in value dramatically and I understand it is difficult to accept the lower value, the type of home they are looking to buy is also worth much less today. As they wait for the value to increase on their house, the potential houses to buy are going to increase in value at the same rate, so nothing has really been gained. Instead, they are staying in a house that longer fits their needs and wants. I believe it would be much better in this situation to take the loss on the sale, gain it on the purchase and live where one wants to live. Maybe a house isn't an island but it can be a your castle!