Expect a flurry of housing agreements to take place by the end of the month as the tax refund credits end for new home buyers. I have been in the same boat myself as I had hoped to both sell my home and buy a replacement to take advantage of the $6500. However, negotiations fell apart with a buyer and I’m still stuck with my unsold house.
I was offered essentially $15K under the list price (which was already very competitive). The lowest price I could realistically accept was $8 under. As the low-ballers they we, they didn’t budge. This was several weeks ago and I’m sure they found some desperate seller that took their money by now.
But I think back to the lame negotiations…should I have taken it anyway? That would have given me time to buy a new home and receive the $6500 at the end of the year. So, in a way, the math is $15 – 6500 = $8500. Only $500 less than my lowest possible price. Damn. But…if I had accepted their offer, I wouldn’t have had enough money for a down payment for a new place anyway. Stupid housing market.
A classic case of “Damned if you do, damned if you don’t.” Come’n people, somehow buy my @#$%# house! It’s in an awesome & quiet neighborhood next to several large parks and great neighbors. Plus, the house is in great shape and has been upgraded extensively throughout. Eh, what can you do?