OK house has been on the market for 6 months and was listed, at that time for 395. After a few months I lowered price to 349 and that price stayed fromJuly to Dec. I had around 15 agents look all this time. Then 2 weeks ago I lowered it again down to 325 due to comps. I finally got offer yesterday. I do want to mention that my mortgage is going to balloon soon from 1100 to 2300 a month which makes me more vulnerale to see so low. My home is now the lowest in my neighborhood with around 40 homes for sale. I never had it apprasied which was very stupid of me. Anyway went and met agent and hear is what buyer wants. The price they accepeted but the problem is they want to move in on the 28th of Dec. There is no way I can get out by then due to low funds. I have to hire a mover and cannot pay him until settlement. I am sure these people are anxious to move in due to tax break, not sure but assume that is it. also have to pay closing of 9500 closing cost, carpet professionally cleaned and get this the agency makes a whopping 20,000 on the deal. That is half of what I will make. Like I said I am afraid to turn down the deal due to the upcoming balloon payment. I have not even found a home yet. Does anyone have any answers for me. I am going to phone the agent this morning and tell him there is no way I can get out of here in 23 days. thanks
Janet Speckmeier
2007-12-02
20:30:21
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3 answers
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Anonymous
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Renting & Real Estate