I've blogged before about a house we have for sale. It's about 135 miles from where we currently live. It's been for sale for going on 4 years in a very sluggish rural Michigan housing market.
Well, our former neighbors are leaving town. Mr. neighbor works for General Mills, and he has been transferred to their headquarters in Minneapolis. GM will buy their house for its appraised value if it doesn't sell in 45 days.
Our houses have some similarities. Same street, similar sizes, similar ages. In fact, when we moved to town in 2002, they were both on the market, listed at the same price. This house was one of the three we had narrowed down to before we made the offer on our house.
About a month later, our neighbors bought the house they are now moving from. I'm not sure what they ended up paying for it, but I assume a similar amount that we paid.
Anyway in the next 45 days, something will happen. Either a), the house will sell, and we will have a new data point to help us determine a selling price, or b), they will get 2 or 3 appraisals (three if the first two are not within 95% of each other). Mrs. neighbor will share the appraised values with us.
So, this is good news. Great news would be that our house actually sold!
Some Good (Not Great) News About My House for Sale
September 7th, 2011 at 12:40 pm
September 7th, 2011 at 12:46 pm 1315399583
September 7th, 2011 at 01:16 pm 1315401372