We finally closed on the townhouse my wife bought before we were married. We had moved into House #4 in December 2008 and had family living in the townhouse (House #3) until the last week of August. We then put the townhouse on the market in September.
Our net proceeds from closing were ~$26,000.
Timeline of Selling our Townhouse
Early August – Agreed to put house on market in early September
8/15-8/21 – Interviewed real estate agents
8/24 – Selected Real Estate Agent with 5% commision
8/25 – The townhouse was vacated and cleaned
9/1 – Signed real estate agent paperwork
9/3 – hired painter to touch up interior (~$520)
9/9 – House was listed on MLS $128,500
9/27 – Reduced price to $124,900 after only 2 showings in <3 weeks
10/8 – Wife and I discussed lowering house price again to ensure house would sell before tax credit expired as we didn’t think it would sell till Spring otherwise.
10/10 – Showing #6
10/11 – Received offer for $120,000 with $4,000 in closing
10/12 – We countered @ $125,000 with $2,500 in closing; buyer counterd at $124,000 with $3,500 in closing
10/13 – We countered @ $124,500 with $3,500 in closing, buyer accepted
11/20 – Closing; deed transferred, proceeds wired – yeah!!
