We put the old house on the market about...two months ago. Had some interest, but no serious offers (really, who offers HALF the asking price?).
Yeah, the house needs some work. Mostly it's cosmetic, though. Not structural. That little house is well-insulated, and stout. But, keeping in mind that it's an old house, and not particularly pretty, we did price it low for what it is. And still weren't getting offers. Not real ones, anyway.
Until Friday. Got an offer for about $4500 less than asking. Met them sort of in the middle in the counter offer.
This morning, I got a call from the realtor that the buyer had accepted the counter offer. Closing is the fifteenth of next month.
This is such a huge load off my mind.
Yes, we're selling for less than we paid for it, despite having put in a second bathroom, new kitchen cabinets, and a privacy fence around the back yard. But the reason we'd wanted to move in the first place was because the neighborhood was kinda running down. People who were...not suited to anything better than a trailer park by their behavior bought the house next door. In the neighborhood where it is, it's actually lost value over what we paid for it in '06, rather than gaining value like it would have done elsewhere. We did a lot of work, but it still needs a lot more done, which we neither have the cash nor the inclination to do.*
I will not be paying more than one more water bill.** I will not be paying for insurance for another year on that house. I will no longer be paying property taxes. I will no longer be paying electricity on two houses.
I'm done worrying about that house. I'm done paying bills on that house. And when it closes, we'll be able to do the things for this house that we need to do.
First and foremost: we definitely need a primary heat system for when it's really cold. A heat pump does not do the job when it drops below about 40 degrees. Found that out the hard way last year when the emergency elements yielded us an $800 electric bill.
But that's for later. Right now, I'm going to relax, edit a friend's work, write on my own stuff, and celebrate.
*Our home needs work, too. I'm a lot more inclined to spend the money we can on fixing the issues where we live. Doing more at the old house wouldn't have netted us much more than we got.
**Our home is on a well. I don't pay a water bill, here, just a trash bill.
2 hours ago