The buyers dropped out yesterday morning. They decided to wait for a new construction or build their own house (if they can find a builder that will deal with them). Since we dropped the price to 535K, I'm sure they were irked that they would be paying "full price". Even when we were vaguely talking about selling to them, they had already started messing us around. I think it's probably best that they said no, although it's annoying because we have no other buyers on the horizon.
Sam suggested that we look for a cheap house in Brentwood so that we can have the address and get the kids into school next year. He suggested we get something that we can afford to buy while still having Rockford and then we could move into it temporarily and/or then maybe rent or sell when we find what we want. Certainly not optimal, but we are exploring all options.
We have had open houses the last 3 Sundays and haven't had anyone really interested. We met with Karen and Dan yesterday afternoon to discuss our options. Because there is nothing wrong with the house, the only option we have is to reduce the price on the house. Even though it appraises for our asking price, no one wants to pay that price and live next to Tom or across the road from the miscreant. We are going to lower the price to 525K with the long term goal of gradually reducing to find a buyer. Let's just hope that we can sell it at the lower price.
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