Trying to sell a house these days is like watching a ticking financial clock.
As time passes, we sink more mortgage payments into a home that hasn't sold. I had almost given up hope of selling my home.
In fact, after eight months of trying, waiting and hoping a buyer would make an offer that would at least pay the home loan balance, I had decided to take a loss. It was a dramatic financial acceptance, especially after purchasing the home more than two years ago and expecting a return on that investment.
I remember making that decision on a Saturday night in early May. I planned to call my real estate agent on Monday to tell him.
But Sunday brought new hope. My agent surprised me with an early-morning phone call telling me that he expected an offer on the house that day.
To my surprise, I received another call from my agent less than two hours later. "We're getting a second offer today," he said.
If that's not enough, while reviewing the two offers that came in that Sunday afternoon, my agent called to tell me that a third potential buyer had expressed interest in the house.
By Monday, I had two offers, both of which could yield a small profit. At least one of them offered a $10,000 incentive.
I went from preparing to take a loss to making a small profit in less than 24 hours. So how did things turn around for my sale? What worked for me may not work for everyone, but it's worth a shot.
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Friday
How I Finally Sold My House After 9 Months
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- Random Thoughts
- HOME: FIRE SAFETY
- Smaller change, bigger payoff
- How I Finally Sold My House After 9 Months
- Forecast: Resilient U.S. Economy Will Rebound
- U.S. Mortgage Rates Show Little Change
- Mortgage Applications Increase
- After the Housing Bust
- Luxury Homes Selling as Briskly as Ever
- Mortgage Reform and Anti-Predatory Lending Act of ...
- Home Buyers Look for Smaller Options
- Giving to Charity, Through Real Estate
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