I hate figuring out money issues.
I hope I don't have the house in Whitingham listed for too much or too little. The Real Estate Agent thinks it should be listed for $28,000 less then it was appraised for in 2007 based on recent home sales in the area with an expectation that it would sell, if lucky, for $19,000 less then that. I told him I was hoping to list for $17,000 less then the appraisal from 2 years ago and he thinks we should list for $23,000 less to adjust for my figure and his.... If it was Chittenden county a 3 bedroom, 1 bath on 2 acres would be likely to sell much quicker and for $33,000 or more then what it may sell for there, but I have no idea how the market will change in the Mount Snow area as sales are currently down, but due to a good tourist ski season, maybe they will go up.
I know I will have to pay 6% for the broker and am unsure if my retainer will cover all the Legal fees remaining for the estate and the real estate. I have no idea if a buyer will want to have me cover closing costs, a new appraisal, a survey or title fees. In the meantime I'm paying the rent:( so I want to sell quick, but don't want to get shafted as the house is what will pay for the remainder of the home loan and other debt my mom left that I will need to cover as well as any money I've spent from Insurance with the hopes of having a good amount for down payment on my own home and paying off the last big piece of debt (other then my school loan which I keep for the tax break). I'd really prefer to be on the buying end of a home before the selling end.
I know I will have to pay 6% for the broker and am unsure if my retainer will cover all the Legal fees remaining for the estate and the real estate. I have no idea if a buyer will want to have me cover closing costs, a new appraisal, a survey or title fees. In the meantime I'm paying the rent:( so I want to sell quick, but don't want to get shafted as the house is what will pay for the remainder of the home loan and other debt my mom left that I will need to cover as well as any money I've spent from Insurance with the hopes of having a good amount for down payment on my own home and paying off the last big piece of debt (other then my school loan which I keep for the tax break). I'd really prefer to be on the buying end of a home before the selling end.