For Sale II

It’s been about 11 days since listing online…and about 4 days since appearing in the monthly magazine.

We’ve had many calls for address (~25); we’ve had about 40 flyers taken from the box out front; we’ve had 7 walk-throughs.

This afternoon, we had a walk-through with someone for the second time. He’s intending on dropping an offer by tonight. We’ll see, my pessimism says it’ll be low. Short of full price, no contingencies, I’m planning on holding out. The one advantage is that he is planning to use it as a rental home, so we might be able to rent it back from him until our house is built. Don’t think that’ll happen, tho–rent will probably be higher than our mortgage payment is. It’d be nice to have it sold, but funds are a significant issue…building is not cheap for startup costs!

I’ll keep you posted.

2 Responses to “For Sale II” »»

  1. Comment by Murph | 01/06/06 at 4:31 pm

    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!

  2. m
    Comment by m | 01/07/06 at 4:44 pm

    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. ;)

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