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FSBO update, week two: the house SOLD for 98% of the asking price!

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Wonk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-25-04 01:19 AM
Original message
FSBO update, week two: the house SOLD for 98% of the asking price!
Edited on Sun Jul-25-04 01:23 AM by Wonk
What a relief. The executor of my grampa's estate was ready to close earlier this week with an offer from last weekend's open house that was only 90% of list, but my dad told him it was perfectly ok if they walked away because their offer was too much of a lowball. My uncle wanted the executor to close on that too, out of fear that our asking price was too high and it'd be the best offer we'd get, and things were getting a little tense between the brothers. The uncle was also saying that if it didn't sell FSBO this week we should list it with a realtor.

It feels good to know that we (my dad and I) were right.

Yo, uncle? Care to give me the difference between what your share is now and what it would have been had we done things your way? ~4% of list on the property, iow. A new motorcycle would be nice, or maybe a completely tweaked out new dual G5 Mac with one of those 30 inch flatscreens :-)

Hopefully this'll be my last FSBO thread for a looooong time.
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teryang Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-25-04 01:30 AM
Response to Original message
1. Congratulations on your successful sale
Glad things worked out for you. Selling real estate is a big stressor. I can't imagine what it would be like having the whole family involved in the decision making.
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Wonk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-25-04 01:49 AM
Response to Reply #1
3. Thanks. Yeah, it would have been a much less stressful FSBO if
Edited on Sun Jul-25-04 02:03 AM by Wonk
it were just my dad selling the house without the uncle and the executor of the will in the picture, but legally they had just as much right (more so for the executor, technically) to be involved as my dad did.
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NMDemDist2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-25-04 01:40 AM
Response to Original message
2. congrats! n/t
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Wonk Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-25-04 05:50 PM
Response to Reply #2
4. Thanks n/t
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