Thursday, April 21, 2011

We've Hung Our Shingle


The house is officially for sale. We still have work to do before it's ready to show, but we're taking a calculated risk that there isn't going to be much activity before next week since this is Easter weekend. So we still have a little time.

After this weekend the work on the new house must resume in earnest. People in the know are predicting that our house will sell within 30 days. Statistically a lot of houses in the area go within that timeframe (at least ones that are reasonably priced), but there's still a significant chunk of them that take longer. We'll see.

Sadly, by the time it's sold and everyone else makes their money off of it I will have netted a grand total of somewhere around zero dollars on the investment. I've been in that house for over 15 years and it's still not worth that much more than I paid. It's a combination of a slow -- yet stable -- real estate market in Fort Wayne, the fact that my township got annexed a few years ago (higher tax rate, compared to houses a mile away), and obviously the economy. I figured it would go for less than I wanted, but I had no idea how much less. Kind of a shame. I'd be better off if I had rented all these years.

Anyone need a nice house?

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