Going with plan C.

I do not want to go to detail but lets say I am working with my landlord to let me out of my current office lease and leave it at that.

Then my rent that I pay now ($2300 a month) will go down to $1600 a month. ;)

License will go to my full time residence and PO Box is already being used.

Problem solved.

Update:

I sent one of those, we buy houses flyers you get in the mail back.

They offered me 12K below what I owed so I ignored it. They called me yesterday and offered to pay off the mortgage, I pay nothing at closing.

I have the contract in hand. My only issue at the moment is the realtor listing my house. I think there are 2 weeks left on my contract. (I am pulling it out in the a.m. to see) If this is the case I will wait 2 weeks. If its longer I am going to see what he needs to walk away.

My other issue is to make sure these buyers do not know something I do not. Like a deal brewing. Gonna check around.

But, the bottom line is I have an exit now and I plan on taking it.

End of nightmare.

If you land a buyer during the contract period, you owe the broker a commission on the sale. However, if the broker is cool, they'll let you slide. If he's a *****-tard who sat on the property and didn't market it for 5 months and 2 weeks, he'll probably demand full commission.

I'll never use a real estate agent again (as a seller).

Congrats on your sale. SmileWavy

I just had to dig this thread up. Taking some pelican advise to cut and run, I sold this house for 145K paying off what I owed on it in 2007 I lost 40K on the deal.

Today, the house may be worth 40K. I ducked out of a 140K loss.


I drove past it today and busted out laughing. I suspect its in foreclosure now.

This was better for the city? To get me, a stable tenant the took care of the place out, and get this?

http://i6.photobucket.com/albums/y21...Picture022.jpg

http://i6.photobucket.com/albums/y21...Picture021.jpg

That's impossible. RE always goes up.

http://www.businessweek.com/the_thre...eahNotBust.jpg

Hey, reading through the thread, there's my quote from December 2006!

You sir were 100% correct and I am very happy I listened to you and others that said to cut and run.

Wow. Yes, you did the right thing Jim. South Florida won't see those prices again for a long time. But $4100 in taxes? That is/was insane.

We took a similar loss in 1998 when we sold my wife's townhouse - she bought in our '89 boom. After 9 years, the market still hadn't bounced back up. It hurt at the time, but now 10 years after, it was certainly the right move for us.

Ian

Yeah, looking through the thread, everyone gave pretty good advice on this one!

Snowman must've missed this thread :)

He would have told his daughter to buy it from Jim for $150K.

Offer $22.5k cash with no contingencies. Rent it or have it rezoned to commercial and move your surveying joint there.

Looking at this from the outside, I'd say that $40k is probably the real worth of a house like this in my part of the world. The $190k or so that you paid for it in 2005 would have bought you something like this down here (from a quick online search):

http://forums.pelicanparts.com/uploa...1236059177.jpg

It seems to me that real estate was overvalued in the US for a long time. Welcome to the rest of the world.

That's because the poor b******* that built that house were paid about one dollar per hour.

Do some research before posting drivel.

I laughed out loud at that one. I should do it, I should offer 20K cash with a contingency that is can be rezoned professional / Residential or commercial.

I wonder if the city will have a change of heart over the zoning change now? They only had one word to say to me every time I pleaded with them to reconsider the zoning of that property. NO.

Well i hope you've learned that lesson. :(

Ha, three months enough?