Re: OT: house buying

Posted by oldtanker on October 19, 2016 at 13:55:11 from (66.228.255.59):

In Reply to: OT: house buying posted by Mike M on October 19, 2016 at 08:50:57:

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Goose, that isn't always true. Local guy here lost his job when his employer put in new computerized equipment and he refused to learn how to run it. That meant that he had to sell his house of risk a foreclosure. They owed about 60K on a home that was worth about 80K at the time. Owner wanted 140K. So he had it on the market for almost a year as for sale by owner. When hi finally went with a realtor he insisted on the same asking price. He finally got about 75K for it after he was with another realtor almost 2 years later. That delay cost him and his wife most of their savings just keeping up with the payments. So realtors will put your asking price on it even if it's listed as way too high.

Rick

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