Condo Rules…not
I refuse to lose money with this thing. I’ll keep it till the market changes….whenever that is. If I can sell it now great. The problem is I bought it $355k and dropped $70k on it. The market value is probably $320k but that doesn’t mean I lose $35k…it means I lose at LEAST $55k because the builder wants 6% plus some other extortion fees.
So right now I’m shopping for a mortgage and buyer…which ever comes first. I will try to post the property ‘for sale by owner’ and see if I can simply transfer the contract and save myself some fees. Here’s my plan, I’m going to place the property on as many paid and free sites I can. I’ll keep you posted on which one gets me the best response…could be a good little survey. Then I advertise in newspapers in Venezuela, Colombia, and Spain. I will also try to get as many bloggers as I can to help me unload this thing.
The builder won’t let me put it on MLS so that really stinks…I guess they’re happy they got a sucker locked in.
Posted: June 13th, 2007 under Uncategorized.
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