Friday, October 17, 2008

SOLD (Updated with details)


Well, that was a lot faster than we anticipated! We were expecting the house to sit on the market until at least January - March!

It's been a horrible experience (unlike our other real estate experiences where we laughed all the way to the bank)... In the end, we feel like we've been taken advantage of.

This was definatley a depressing experience. We are very lucky that it sold in 17 days, so NO complaints there as we were leaving for Calgary regardless of the sale for Dec. 1st! We seriously planned for it to sit on the market until Jan-march.


So we had a live buyer on the line. We listed it 10K less than we were hoping to; First offer came in almost 25K under list price (which was 10K less than what we wanted in the first place)... We countered; they countered; we countered; they gave a final offer...

We reluctantly took it. We asked our realtor, if it sat on the market for 30-90 days, what kind of price reductions would he suggest in that time.... He said $5000-10000+.... We decided to take what we could get now instead of risking a major loss later.


I feel violated. By the time commissions, fees, lawyers, etc are paid out, we will have lost most of our home equity which was our down pmt for a calgary home. So we're kind of ^$&#ed right now. :(

The only good thing out of all this is at least we will be in Calgary. Sigh :(

Not sure what we are going to do. We stay with mom till the new year to save some coin/pay down some debt. Need to talk to Jen to see what we qualify for with what down payment we have and have a pow wow with Tom about the Calgary Real Estate market. I am quite deflated that this is proving to be in my mind, disastrous... Again, at least it's disastrous in Calgary....


Our possession date is Nov 15 - so we'll be in calgary then - Lair may have to stay behind and work another week or 2 before he transfers over to AG...

I am quite numb. I feel like I am Free-falling without a parachute :(

2 comments:

subutterfly73 said...

Really big hug and a hand hold.

Ursula said...

at least you have your safety net of friends and family to catch you again :) Look on the bright side, my friend you are coming home to a support network extraordinaire.

Hugs,