The house sold!
By blog on Apr. 25, 2009.
I mentioned a while back that my mother had moved to a retirement community – which she is still loving immensely – and that she offered her house to my SO and I, and as we didn’t need it, we put it on the market. With all the turmoil of the housing market, I wasn’t sure if it was the right decision to try and sell it now, or wait for the market to bounce back somewhat.
I had concerns, to begin with, that the house wouldn’t sell, regardless of it being in a good location for long term investment. But to my astonishment, there was actually a great amount of interest in the house, right from the get go. It wasn’t long before we had an offer that was actually a little better than our ‘highest hopes within reason’ figure. A nice middle aged couple were buying it for their daughter to live in whilst she attended university, apparently this is an emerging trend.
I can’t say how enjoyable it was to call my mother and tell her the house had sold for more than she’d asked for for it, now I know she will be able to afford to live in that retirement community, in the better rooms, for the rest of her life. With the constant economic issues effecting everyone, my perceived ‘world mood’ has been somewhat dour of late, so it was especially nice to have this turn out well. I had half been dreading that this would turn into a saga of having people look through the house but never buy it, I am still amazed that it has sold, been finalized, and my mother in possession of a substantial amount of extra savings.
Whether it is the right time to sell your house depends on so many different factors right now, it was for us, but there are houses in my general area that have been waiting to be bought for quite some time. We all know the slump in both sales and prices that has hit the UK housing market is going to take a long time to bounce back, but I am noticing that the market is evening out somewhat. Sure the market isn’t as good as it was the year before last, but they sure as heck aren’t as bad as this time last year.
Category: Technology