Comments on: For Sale II http://blogit.crackback.net/archives/2006/01/06/for-sale-ii/ I know, I know ... I should be doing something else. Sun, 12 Oct 2008 15:36:19 +0000 http://wordpress.org/?v=1.5.1.3 by: m http://blogit.crackback.net/archives/2006/01/06/for-sale-ii/#comment-3847 Sat, 07 Jan 2006 23:44:00 +0000 http://blogit.crackback.net/archives/2006/01/06/for-sale-ii/#comment-3847 Heh...I can guarantee the rent will be higher than what you pay now. First of all, the house price has presumably increased over the years you have owned the house. So: his future payment > your payment now Second, he's going to want to rent it for more than he's paying out: your new rent > his future payment The rest I'll leave as an exercise for the reader. ;) I wouldn't take any lowball offer either. You have way too much activity and interest to waste any time on that. I got a lowball when I was selling my house in Portland two years ago. I rejected it outright; I didn't even send a counter-offer, just told him it was too low and I wasn't coming down. That guy ended up buying the house, for the full price. ;) Heh…I can guarantee the rent will be higher than what you pay now. First of all, the house price has presumably increased over the years you have owned the house. So:
his future payment > your payment now

Second, he’s going to want to rent it for more than he’s paying out:
your new rent > his future payment

The rest I’ll leave as an exercise for the reader. ;)

I wouldn’t take any lowball offer either. You have way too much activity and interest to waste any time on that.

I got a lowball when I was selling my house in Portland two years ago. I rejected it outright; I didn’t even send a counter-offer, just told him it was too low and I wasn’t coming down.

That guy ended up buying the house, for the full price. ;)

]]> by: Murph http://blogit.crackback.net/archives/2006/01/06/for-sale-ii/#comment-3845 Fri, 06 Jan 2006 23:31:32 +0000 http://blogit.crackback.net/archives/2006/01/06/for-sale-ii/#comment-3845 For what it's worth, I agree. As long as you don't have some kind of timing deadline, get what it's worth..at least! For what it’s worth, I agree. As long as you don’t have some kind of timing deadline, get what it’s worth..at least!

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