Very. Tired. Today.
We got a ridiculously low offer on our house yesterday, which we promptly countered 20k more than they offered. They came back with another offer $5k below that, in the ballpark but still very low. It's just a bad time to sell.
We need to decide if we want to take that kind of bath. We would have to bring quite a bit of cash to closing.
Of course, the upside is that we would then be in the position of being able to throw out ridiculous offers of our own. And on a much more expensive house, which means we will take some poor sucker for tens or even hundreds of thousands of dollars.
It's all very tiring. We don't want to make a wrong decision that we will regret. We don't want to do something rash. And we don't want to miss out on what might be the only chance to sell this house in the next few years. We were up half the night, churning scenarios until our brains hurt.
I'll let you know what we decide after the spreadsheets and mortgage statements and coffee and sleep and head-scratching and ibuprofen-taking have all been mashed up together.
It might not be pretty.
4 comments:
Well, did you decide?
What a tough decision. At least you're buying in the same market. I know a family who moved here about a year ago from Novi. They took a bath on their house and then had to buy much less house here.
Was that their final offer?
I hope you go for it, as long as you can move ahead with your purchase of a better investment. Good Luck with your decision!
When i bought my house the seller listed on a Friday and on Monday had several offers, 3 of which were above asking price.
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