Thursday, August 14, 2008

Blah.

I met with my realtor to write a contract on a house today. When I arrived, I found out that the company selling the property had changed its mind when informed of what the closing costs would be. We needed an extra three percent, and they weren't willing to give it... Unless we went over list price.

I don't want to go over list price.

An investment company (the current owners) bought the house from a distressed owner for $19,000. If they were to give us the extra three percent, they would still have a profit of almost $34,000 after all is said and done. And this was a pretty nice house to begin with, so I'm not sure that the investment company put that much work into it.

Oh well -- the longer that house sits, and the longer it takes for that company to sell it, the more it will cost them.

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