Friday, November 4, 2005

There’s Hope

Yesterday we accepted an offer on our house in Bakersfield. It was a full price offer. We listed the house for $299,950. When we were trying to sell the house ourselves when the market seemed really hot, we offered it at $349,900. We had lots of Lookie-Loos but no offers. Over the three months we held open houses we gradually dropped the house to $309,900. Our effort was just finding what the real price should have been. Just one year ago, the best we could have hoped for was about $180,000. A nice increase. The offer that we accepted was the second offer in less than 2 weeks listed with the Realtor. It's a 30 day escrow so we'll let you know how it goes. It will be nice to have this behind us.

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