"brutal, unfair, liberating, revealing."
How I did it: We initially worked the "FSBO" option and had a buyer lined up. We moved most of our stuff to storage. On closing the title company pissed the buyer off and he walked away from our handshake deal.
Then the market crashed.
Then we hired a severly depressed realtor who did nothing for the entire contract...
Then we hired another realtor who managed to get us an asking price half way between what we had the first buyer online for and what the new realtor thought (a $15K difference) but we ended up out $11K paying the new buyers expenses plus some.
Lessons & tips:
Here is what we learned:
Your stuff is not worth ANYTHING near what you think it is.
Your stuff is worth the exact amount of money someone is willing to pay.
Your stuff is not security.
Sueing someone is rarely a realistic option unless you know a lawyer...even then...
Selling your security to invest in your dream is WORTH IT!
I still believe in handshake deals between human beings.
Resources:
The whole real estate industry is a big fat scam.
So is the banking industry.
Jul 07, 04:36PM PDT
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