beecee
Senior Member
- Joined
- Apr 30, 2016
- Messages
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We bought our current house before Covid but could not get the renovations needed for a year...mostly removal of tile embedded in concrete in kitchen...(wife has asthma)....
So we owned 2 houses for about a year. We paid 2x for new house vs old which we bought 14 years ago...a steal at our last RE bubble.
Figured we'd have a $100,000 delta between new house and old but new house was worth it.
Well the market went crazy by the time we were ready to sell. The old house sold for more than we paid for the new one...within an hour...for $30,000 over list w. no inspection or finance contingency. We were planning on $30,000 in fixes prior to putting on market but Broker said put it on first without.
Got lucky.
So we owned 2 houses for about a year. We paid 2x for new house vs old which we bought 14 years ago...a steal at our last RE bubble.
Figured we'd have a $100,000 delta between new house and old but new house was worth it.
Well the market went crazy by the time we were ready to sell. The old house sold for more than we paid for the new one...within an hour...for $30,000 over list w. no inspection or finance contingency. We were planning on $30,000 in fixes prior to putting on market but Broker said put it on first without.
Got lucky.