Monday, July 21, 2008

4 showings this weekend

Just to keep people informed, I had 4 appointments to see the house this past weekend. I've received no offers so far. I doubt I will see much of an offer until the place next door sells. It is listed $20,000 less, so I definetely expect it to go first.

I want to remind everyone that I am not really trying to sell my home. I'm more or less testing the market. I am getting a lot of viewings for the place, but the general consensus is that people want to move into a home where renovations do not have to be done. Listed at $259,000, this means that I can put a lot of money into renovations and still expect to get people interested in the home because I only spent $200,500 on on the home.

In a way, I hope that the neighbour's house does not sell. At first, it would have provided me with a new basis on which to value my home. With the new listing price, I can now see what the guy is likely to accept upon an offer in the future, from me. With all of the viewings, I know that I can make some quick money on the properties if I am able to renovate.

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