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Originally Posted by
jessmarimba
Don't take the house offer too personally! Think of it this way - maybe they're house shopping on a really low budget and fell in love with yours, even though it's over their limit. Maybe they're just hoping against hope that you'll accept it because they really want your house.
Yep. I sold my house last year for far less than I paid for it in 2002. I at least didn't have to bring money to the table, but it was still a bitter pill to swallow. I remember the feeling in the pit of my stomach when my realtor explained that homes had lost roughly 25% of their value since the market high.
It's all about the sold comps in your area. I know it's hard to accept, but what you paid or put into it, just isn't all that relevant from a market analysis standpoint. That's not to suggest the offer was reasonable; only that the best way to arm (or brace) yourself is with a careful review of what's sold in your area within the last 6 months. Hopefully, your realtor has already done that for you, but I know some realtors just arent' being as frank as they arguably should be with their clients.
Live with intention. Walk to the edge. Listen hard. Practice wellness. Play with abandon. Laugh. Choose with no regret. Continue to learn. Appreciate your friends. Do what you love. Live as if this is all there is.
--Mary Anne Radmacher