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Personal Finances / Buying or Selling a Home


Subject:  Re: House for sale - offer expected Date:  7/3/2013  10:37 PM
Author:  Heeny Number:  125724 of 128866

I would ask the realtor to show you the settled comparable properties for the sale price in the 185 range. If this property has a less desirable location and your property has more amenities such as an upgraded kitchen I would say an offer of 200-210 is fair. It depends how many more mortgage payments you would like to pay - if the carry cost is 1100 and you don't sell for a year you have spent 13000K+ it depends on how the market changes or stays steady in your area. At that point it depends on if your lifestyle permits the work of taking care of 2 properties or hiring someone to do it for you.

Make sure the offer comes with a letter of approval from the bank to show the buyers ability to get the loan. If the market is good in your area you can hold out for a full price or better offer, if it is slow you should consider that as well.

Or ask yourself: Do I want to be a landlord?

Good luck and hope youget a great offer.

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