Well, the good news is….we heard from the realtor…we had an offer…we countered, and the buyer accepted our counteroffer. So that is great good news – as of tomorrow, we will be signing a contract, and will be beginning the process.
Now, the bad news…the offer that we accepted was almost five thousand dollars less than our listing price. Our listing price was just enough to cover what we owe on the mortgage. So we will be paying the difference between the offer and the mortgage, plus the commission and whatever other closing costs there are, out of pocket. Ouch!
But I am trying to focus on the good news – soon the condo will not be our responsibility anymore (and we don’t have to worry about claiming a profit at tax time).