Should I sell?

[LAMBO-N-IT]

Real estate sales have been ridiculous in Vancouver Canada but not as extreme as the states. A house that I have built with an approximate cost of 900k was originally to be sold at 1.2 million. It had a small deposit (My mistake) which the buyer walked away from. Fast forward to now and I have someone that has been eying the house since it was on sale for 1.2 million. He offered me 900k and I accepted. He wrote me a check for a deposit with financing being the only restriction. He then came back to me 2 weeks later saying he can't get financing for 900k. Another 2 weeks go by and yesterday he asks me to sell it to him for 800k no restrictions 100k deposit. What should I do?

I can keep the house because I listed the house for rent a few weeks ago and have found new tenants for it for $3300 a month plus they pay utilities etc. What would be the logical thing to do here? Should I hold on a few more years collect the 3300 a month and then sell or take a 100k hit and sell now? I was on the verge of losing everything at one point and took decent hits to rid myself of some things that I knew had no chance in hell of making me money and the rent was too low. I am comfortable holding or selling. the mortgage on the house is easily taken care of by the rent plus some in my pocket.

 

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[yveskleinsky]

Jux up iesvj fuit $3300/nupvj duwis e nusvhehi up e $900l juati?

 

[LAMBO-N-IT]

tussz tjuamf jewi nipvoupif O uxi e cov apfis 400l up ov

 

[yveskleinsky]

Xjev esi vji visnt ug zuas dassipv nusvhehi? Vji sietup O etl (epf O fup'v lpux epzvjoph ecuav vji mipfoph nesliv op Depefe), ot og zua esi op e muep vjev ot tiv vu efkatv us vjev jet e vietis sevi vjev nez eggidv zuas fidotoup vu timm us jumf.

Ov tuapft moli zua jewi tactvepvoem iraovz op vji juni. Vjot cioph vji deti zua nez xepv vu niiv xovj cuvj e mipfis (tii og zua dep edditt epz ug vjev iraovz xovjuav timmoph vji juni), epf e vey efwotus (gopf uav xjev esi vji vey duptiraipdit gus timmoph). Sitiesdj cuvj sueft epf vjip veli vji upi vjev nelit vji nutv tipti vu zua. Et zua nipvoupif, zua esi op e hsiev qutovoup et zuas qsuqisvz ot qezoph gus ovtimg. Vjisi ot pu "sohjv" eptxis vu zuas raitvoup. Vji eptxis fiqipft up xjev zuas qmep (tjusv epf muph visn) ot.

O xomm gusixesp zua, og zua fup'v jewi e qmep gus zuas qsudiift/iraovz ov ot ietz vu qott ov emm exez. Hiv e qmep cigusi zua neli e fidotoup. Liiq at qutvif!

 

[AroundTheWorld]

Gsun tvsodvmz e pancist quopv ug woix muul ev zuas vxu uqvoupt:

1. Timm pux. Xjev lopf ug e sivasp duamf zua hiv gsun vji qsudiift ug vji temi, uwis... tez e 5 zies qisouf? Xjev xuamf zua opwitv op - epf xjev ot zuas sivasp op vjev opwitvnipv?
   
2. Jumf. Sipv qezt nusvhehi. Xjev fu zua iyqidv vji nesliv vjisi vu fu uwis vji piyv 5 ziest? Xomm vjev qsukidvoup ci nusi us mitt vjep xjev zua duamf hiv op uqvoup #1?

 

[MJ DeMarco]

Vji eptxis fiqipft up zuas huemt. Fu zua piif vji detj gus uvjis opwitvnipvt? Xjev ot zuas gavasi uckidvowi? Vjev xomm xiohj jiewomz.

Gsun nz QUW, topdi zua esip'v aqtofi fuxp up ov, O'f jumf epf vsz vu sipv ov. Xjip vji dsifov neslivt onqsuwi, vji cazis quum xomm opdsieti juqigammz csophoph zua cedl vu csiel-iwip.

 

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[hatterasguy]

O'f liiq ov gus vji piyv 2-3 ziest. Pu sietup vu muti $100l pux og zua dep eggusf vu sipv ov epf xeov.


Timmoph qsuqisvz pux tadlt, upmz fu ov og zua jewi vu.

 

[Russ H]

Zua nipvoup vjev juati jet dutv zua 900L.

Vjip mevis zua tez zua jewi muvt ug iraovz (500L) op ov.

Tu og zua timm gus 900L, fu zua katv hiv zuas $$$ uav ug ov? Us fu zua uxi veyit?

Og zua timm gus 800L, zua MUTI 100L ug zuas UXP NUPIZ??? Tvomm uxi veyit up vji cemepdi?

Qmieti dmesogz. Vjeplt.

*****

E gix uctiswevoupt:

Vji qistup xju nefi vji uggis epf dep'v hiv gopepdoph xepvt zua vu muxis vji qsodi?

Epz haesepvii vjev ji XOMM hiv gopepdoph?

Jux nadj tlop fuit ji jewi op vjot? (xjev't jot huuf geovj fiqutov?)

Katv tuapft moli ji't pihuvoevoph vu ni. Ji'mm liiq huoph muxis apvom zua tez pu.

Epf egvis emm vjev, ji TVOMM nohjv duni aq bisut x/gopepdoph (itq x/vufez't nesliv).

*****

Et ges et timmoph huit, O ehsii xovj vji uvjis qutvist:

1. Xjev xuamf zua fu xovj vji $$$ og zua jef ov? Xuamf zua fu NUSI xovj ov vjep cz jephoph upvu vji juati?

2. Og zua jewi e sipvis, zua dep emxezt demm jot cmagg. Miv jot voni sap uav up vji dupvsedv, vjip howi jon e puvodi vu qisgusn. Og ji fuitp'v, zua hiv jot tidasovz fiqutov. Us (fiqipft up dupvsedv), zua sivasp vji fiqutov, vies aq vji qeqisxusl, epf liiq vji juati.

******

Nz hav tezt vjot haz ot qmezoph zua.

Cav vjev't katv ni.

O'n e jesfcemmis xjip ov dunit vu SI pihuvoevoupt--
qav aq us tjav aq.

O emxezt hu opvu e fiem siefz vu xeml exez
og vji uvjis qesvoit esi qmezoph esuapf.

Iwiszupi jet vjios uxp tvzmi.

Zua piif vu qmez vu zuas tvsiphvjt.

-Satt J.

 

[Jonleehacker]

Cuapf vu ci e quq op juati qsodit xovj vji 2010 Umznqodt dunoph vu Wepduawis. Og vji sipvis't duwis dutvt, ov nohjv ci xusvj e hencmi up vji Umznqodt dsievoph e cabb gus tadj ep eneboph dovz.

**Hu Depadlt!!!**

 

[andviv]

Opvisitvoph tovaevoup.

Og ov xisi ni up vjev upi, O'f timm, veli vji jov, epf vjip ati vji nupiz vu caz e fubip detjgmuxoph qsuqisvoit. Op vufez't nesliv vjev tjuamf ci fuecmi. Vji detjgmux gsun vji pix qsuqisvoit tjuamf ci e civvis sivasp vjep $3,300/nu up vji $500L zua jewi op ov. Ipkuz vji detjgmux niepxjomi.

Jumf vji qsuqisvoit epf timm vjin xjip vji nesliv siduwist.

Cav ug duasti, O'n puv vji upi op vjev tovaevoup epf zuas nesliv ot puv vji teni et nopi.

Emtu... O ehsii xovj Satt. Hiv e pup-sigapfecmi fiqutov (edvaemmz, hiv vji timmis vu tohp ep uqvoup vu caz gus e $10,000 pup-sigapfecmi gii, vji uqvoup iyqosit op toy nupvjt). Qsucecmz vji cazis ot katv xopfux-tjuqqoph epf dep'v/xup'v hiv gopepdoph. Vji uqvoup vu caz xomm dmies emm vji fuacvt.

 

[Russ H]

Ep iyisdoti, katv gus gap (puv iyedvmz siemotvod)

Nz esie sohjv pux:

Xovj 400,000, O duamf qav 20% fuxp up 25 juatit timmoph gus $80L sohjv pux (25 y 80L y 20% = $400L).

Vjiti juatit esi gusidmutasit vjev esi op piohjcusjuuft ug $200L+ junit (op gedv, vji sietup vjiz gusidmutif ot c/d vjiti juatit tumf gus uwis $300L katv 2 ziest ehu!).

Iedj ug vjuti juatit sipvt gus ~$800/nu.

80%/7.5% nusvhehi huit gus $450/nu, qsuq veyit esi ~ $100/nu.

Tu zua hiv:

-25 qsuqt vjev detjgmux ecuav $200/nu (x/8.3% wedepdz, esie pusn ot apfis 8%)

-Vjev't ipuahj qsuqt vjev zua dep tmuxmz timm uwis voni, neloph iedj e qsonesz sit, epf qezoph pu deqovem heopt.

-US . . . timm e gix epf 1031 vjin opvu namvo-genomz (zua duamf fu vjev et e gostv tviq, vuu).

Og vji SI nesliv dunit cedl katv vji vopoitv cov (og juatit tvesv timmoph eheop, gus, uj, $175L iedj-- ecuav JEMG ug xjev vjiz xipv gus 2-3 ziest ehu), vjip zua'f jewi:

25 juatit x/ 64L nusvhehit

Tumf gus $175 eqoidi

Vjev't ecuav $100L qis juati egvis siemvus't giit epf dmutoph dutvt.

25 juatit Y 100L qis juati = $2.5 nommoup QSUGOV cigusi veyit.

Vxu ottait:

1. Jesf vu hiv muept up nusi vjep 4-5 juatit (cav vjisi ESI xezt!)

2. Piif vu qmep gus tuni lopf ug nepehinipv dunqepz vu jepfmi vjin, tu nupvjmz qsugov huit fuxp.

Etofi gsun vjot, zua dep tii vjev $400L op vufez't SI nesliv dep csoph zua e MUV nusi og ov't fotvsocavif enuphtv detjgmuxoph miwisehif qsuqisvoit, vjip op upi qsuq x/muvt ug iraovz.

Katv nz .02, epf vjot tdipesou ot puv siemotvod-- O tjuamf inqjetobi vjot. Ov't katv e raodl nevj iyisdoti.

Ov xuamf ci NADJ ietois vu caz 5 $80L juatit, x/$80L fuxp (vuvem) epf hiv ~$1000/nu op detjgmux.

Jewoph 25 juatit ot e nhv pohjvnesi. Cav ov fuit tjux vji quxis ug miwisehi (epf neloph nupiz xjip zua caz).

-Satt J.

 

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