Decisions! Decisions!

By -
We-l-l-ll. . .

Fact: The house is for sale at $198,500.

Fact: The house is appraised for $192,000

Fact: The house has been on the market for 11 days.

Fact: We were offered $175,000, countered their offer with $195,000
and then they recountered today with $185,000.

Fact: It costs us about $700/month to live here for taxes, utilities and phone.

Fact: The appraisal was made on properties sold this past year when sales were 'hot!'

Fact: We are having another Open House this Sunday from 1-2 pm. (Can you believe I'm saying that, Leah?)

Fact: Dad would like to be on the road by November.

Now the question is... what to do?

Comments

Adam R said…
If you don't get a bite on Sunday, sell it for $185. If you end up having to wait until November, the variance will only be $3500, and if you have to wait until November you might have to wait a lot longer (aren't houses harder to sell in the winter?). And if you have to wait longer, will the balloon deflate? And how much is having the deal settled worth to you?

And how much will $185K be worth if you invest it for a few years?
6:00 AM
Leah said…
Sound advice Adam, and 185 sounds alot better than 175. Anitarae, I totally believe it...... 1-2 sounds about right!! Even though I won't be there, can I take a rain check on RACK-O?..... Please?! :-).
8:24 AM
Adam R said…
And also you don't have to pay realtor fees, so that lessens the sting.

RACK-O? That sounds great!
10:51 AM
alan said…
counter counter with $190 and accept anything over $185,000.01.

it's fun playing with other peoples' money.

what does aaron say?
3:21 PM
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