Posted in Reflections

REFLECTION 13: House sold — finally!

The house FINALLY sold. My closing date is August 15th. Thank goodness – I made my deadline by 15 days.

I was paying the StoneBridge Realtors a stay payment to keep my condo since I was supposed to close on it July 1st. The stay payments were not cheap, and I had to put an additional $10,000 down to demonstrate I was serious. The $10,000 could be applied to closing, however the stay payments were not – $1,000 per month.

The first realtor I had did not grasp the concept that these stay payments were not indefinite. I had to close on the condo with a new deadline of September 1st. A big miss!!!

The second realtor I had got rid of the house. I took it in the gut, and accepted a much less offer than I had hoped for. The big picture was not to have 2 mortgage payments.

This entire process was much harder than I had ever anticipated which is why I did this “REFLECTION” on my blog. Downsizing takes a lot of work – expect that it will take 3 times the amount of work. Also, don’t forget about the inspection To Do list as well. Mine was 3 items, but one of the items costed over $2,000 and a lot of manual labor which caused my packing to be delayed so moving day was a bit more hectic than I would have liked.

My final thought is when your realtor is not hearing you, get rid of them fast, and get a new one!

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