Wednesday, November 26, 2008
House for Sale???
We met with the realtor tonight to hear the sales pitch. He was very thorough in explaining how he came up with a price for our house. The price he is suggesting sounded acceptable - then the catch - the commission. We about fell out of our chair. Although we now the commission rate local realtor's charge, it wasn't until you see the rate equated in real dollars that it hits you like a ton of bricks. Bottom line, after the commission, we will have sold our house for less than we paid for it 10 years ago. Now I am no rocket scientist, but that doesn't make real good business sense. To say that we are disappointed is an understatement. Guess we will have to re-evaluate this whole thing and make some tough decisions. Should make for an interesting holiday weekend.
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