I don't think $899,000 has anything to do with the offered price. $899,000 is just the asking price and when it went pending zillow dropped the word "Pending" between "For Sale --" and the asking price. Assuming a 3% realtor fee and 1.78% excise tax, the house needs to sell for approximately $873766.44736842105263157894736842 just to break even. And that doesn't even count other taxes and feed incurred in the purchase and sale. And it also assumes her time is worth nothing (it's been for sale for a few months now).
I wonder if, once it sells, Ardell will do a post on how the sale went. She posts a lot of selling advice on RCG and she's harped on realistic pricing during a slow market, but it still took her almost 100 days to go pending on her own house. On the other hand research shows that agents hold out longer for better offers on their own homes compared to when they are selling other people's homes.
Edit: I can't even imagine an 800k+ mortgage payment. Ugh, that would be horrible.
But the views! The views! Think of what you could do! You could join a housing blog as a contributor and post a picture of the view from your house every other day. Can you do that with a rental? No, you can't. The stacks of cash you've saved by renting would get in the way.
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I think she pulled it off the market. Unless it sold.
Edit: Zillow says it is pending at 899K.
I.E. no she will not sell her home. Unless selling for $899k in 2018 counts.
I wonder if, once it sells, Ardell will do a post on how the sale went. She posts a lot of selling advice on RCG and she's harped on realistic pricing during a slow market, but it still took her almost 100 days to go pending on her own house. On the other hand research shows that agents hold out longer for better offers on their own homes compared to when they are selling other people's homes.
Zillow still says pending, but who trusts Zillow these days?
Edit: I can't even imagine an 800k+ mortgage payment. Ugh, that would be horrible.
But the views! The views! Think of what you could do! You could join a housing blog as a contributor and post a picture of the view from your house every other day. Can you do that with a rental? No, you can't. The stacks of cash you've saved by renting would get in the way.