amc80
Ideal_Rock
- Joined
- Jun 18, 2010
- Messages
- 5,765
Can I get some PS dust?
I bought my condo back in 2009 at the bottom of the market. While living there, I met future DH, got engaged, married, and had a baby. We lived there until a year ago when we were just too cramped. It has been rented out since that time.
Right after I rented it out the market started going crazy. Prices are up about 30% year over year. A coworker was looking for a house last spring and put an offer on one that was 5% over the asking price; the house had 29 other offers. It's definitely a bubble and I want to take advantage of it. I foresee prices dropping in the next few months, due to both the new financing laws and the new development that has starting in the area.
The condo was listed on Friday. As of today, there is one offer and another one is expected today. I would love to sell to an investor so my tenant can stay, and the offer that is expected is an investor. Hoping for a bidding war.
Dust please! Also, I've never sold a house before, so any advice on the process is appreciated.
I bought my condo back in 2009 at the bottom of the market. While living there, I met future DH, got engaged, married, and had a baby. We lived there until a year ago when we were just too cramped. It has been rented out since that time.
Right after I rented it out the market started going crazy. Prices are up about 30% year over year. A coworker was looking for a house last spring and put an offer on one that was 5% over the asking price; the house had 29 other offers. It's definitely a bubble and I want to take advantage of it. I foresee prices dropping in the next few months, due to both the new financing laws and the new development that has starting in the area.
The condo was listed on Friday. As of today, there is one offer and another one is expected today. I would love to sell to an investor so my tenant can stay, and the offer that is expected is an investor. Hoping for a bidding war.
Dust please! Also, I've never sold a house before, so any advice on the process is appreciated.