Spltting Hairs
we put the house on the market and immediately had an open house which resulted in an offer. the offer was $35k less than asking price. i countered with $15k less than asking. i countered with the lowest possible price i could take. meaning it was just enough to pay the mortgage off and i would have to pay the buyer's realtor's commission out of pocket. the realtor told me she loved the place and was buying for investment purposes. she said she had looked at another place hat needed a lot of work. where ours needs very little. under $1500 worth if i were to have it done. she countered with $9k less than my bottom line. and said that was as high as she'd go. i of course said no. NINE THOUSAND DOLLARS! in the grand scheme of things that's nothing. she could make that back in less than a year. i told the realtor okay, i'm going to do the work and fill it with tenants and move. i can rent it out and make from $300-500 a month on it...after expenses. in the mean time it'll still be for sale and maybe it'll sell better if it's already rented and making money. then the realtor said she is going to have her dad (buyer's dad, buyer is my age) come look at it. ummm okay, but i'm not lowering my price!