Housing
Is your home on the market? Are you having trouble selling or is it OK?
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Comments (2)
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I've had absolutely no trouble - within the last two years I've sold three of my five rental properties, all for extremely close to the asking price. The most recent was an 880 square foot vinyl sided two bedroom one bath home in Burlington. Bought this house for approximately $37,500 about 15 years ago and sold it last month for $61,000. It sold within 30 days of listing it with a real-estate agent. The beauty of this is - I had less than $4,000 of my money in this house, rental income paid for this house. For the most part I have been very pleased with rental properties but now that age is catching up with me and my wife we have decided to sell and invest the money in CDs and bonds.
Posted on April 15, 2008 1:01 PM
Just bought a new primary residence, actually. The sellers had it listed for roughly nine months and had reduced the price nearly $25000 in that same time period.
Everyone keeps talking about how difficult it is to get credit these days - we had no problem whatsoever receiving a good loan - 30 years fixed at 5.375%.
Posted on April 16, 2008 11:44 AM