Monday, April 26, 2010

Interesting developments

Well the Sherman Calf Creek Ln house/property is back on. They called us asking to extend the contract. We did until late Aug. That's 4 months!
In El Paso, we were getting 3 phone calls a day and 1 looker. They were are all "Looky Loos".
Most phone calls are "How Much"? I say $175k. Good Bye....
How would you do the owner financing? When did "For Sale By Owner" become Owner Financing? I said, can you afford $175? Most just hung up. Can you afford $1500 a month payments? More hangups. What would our terms be? 25% min down ($45K), 8-10% interest depending on your credit rating (it would be bad), and payoff in 12-15 years. Would I live 30 more years, Hell no! That did it for everyone else.
Now were getting the speculators, scam emails, our unanswered questions, & realtors calling. Just ask the email scammers to call and I never hear back. HUMMM
Ya I could sell it for 2/3rds our asking price today.
Ya the closing costs will be $10-15k.
Ya the market is dropping.
Ya we want to move
Ya it will take months....
The good news we can wait but....

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