So we sold our current house on Saturday. Well, pending an inspection, we will close on April 20th. Officially, the house was listed for 14 days to the day we got the offer. Not bad given current market conditions. For those of you who have never sold a house, in my opinion, buying a new house is the easy part. Selling an exisiting house is the tricky part. Timing is supposed to be key but sometimes you don't have a choice. Nowdays, it seems like just a bad time to be selling a house...period. The condition of the house is very important but in our case, it may have been a blessing to be in a smaller sized home and priced on the level of affordability by many who are first time buyers/just starting out or those who have small families/no families.
Oh, did I mention that the buyer is a "CASH" buyer? That means he doesn't require a loan/mortgage and will pay the entire amount in one shot. Quite rare in today's market. I guess some people are still doing very well. So, that means there will be a considerable reduction in closing costs and no barrier from the buyers side to bring the deal to closing. Unless there is something significantly wrong with the structure of our house, the deal should go through. Before selling the house, I never had to think about the following:
1. Packing up all our stuff so soon.
2. Where do we live until the house is complete? (Our new house won't be complete until mid to late July.)
