Finally, our House is Sold

The saga continues, but some good news is in the air. About 6 weeks ago, we got the call that we had an offer for our house in Chandler. I didn’t get immediately excited, as we had been through this before without result.

The offer was less than I hoped for, and they wanted a couple of unreasonable requests, so I was thinking “not this shit again“. But I played nice. We countered, split the difference, and met them halfway with their requests.

They accepted the counter, and off to the races. They wanted to close on August 20th, and we of course had to go through the inspection, and the fixes. All this happened on schedule, and low and behold, on August 20th the transaction closed and was funded.

We ended up selling for $268K, (original offered at $280K), which netted us about $23K over what we paid in 2 years.

The bad news is that we made less than we hoped, and our down payment here is less than we expected. Alas, our budget for a house here will be about $100K less than we were planning. This will crimp our choices.

I guess we will have to sell our Tucson house to get us back into a comfortable price range. We have 11 months left on the lease we signed, so we aren’t in a rush.

House Selling Blues

Down in the dump today. I am being relocated from Phoenix back to the San Jose area, and things seemed on track for a smooth transition. Got our house cleaned up, fixed up and ready to sell. A month earlier, houses like ours was low inventory, and in demand.

Cool

Put it on the market April 2, and priced it to sell (about $12 – $18 sqft below the comps), and did our thing. Went out of town the first weekend so as to not be disturbed by the viewings. Got 6 or so that weekend, and an offer.

But the offer fell through due to some of the restrictions of the relocation company. Bummer. Back on the market.

And very few showings. We just had a non-holiday weekend without a single call.

I am wondering what the listing kryptonite is? A few blocks a way (short walk) three single story houses went on the market about the same time as ours. All three of them sold within 5 days (to property management companies and investors who will turn them into rentals).

We are still well below the local comps, so I really don’t want to reduce the price. But we may need to do something to get interest back. This sucks.