Monday, June 24, 2013

Real estate

We met with the agent (Barbara Tenzer 954-235-8224) earlier and the story is mostly good. The market is active and deals are closing.   Her unit is in average condition - not run down, but not brand-spanking new refurbishing - and will probably sell between $55,000 and $60,000.  Mom thought this was reasonable; a nearby similar unit she knows just sold for $59,000.  

The fees are high, which is not surmising given how inexpensive the units are. The agent gets $3,000 + 8% (split between the seller and buyer sides), the lawyers get about $1,000 and there are sundry taxes and other fees of about $1,200.  So if it goes for $60k she'll net about $50k.   It's a six month commitment.  Barbara says her fees are higher but she gets the sales done.  

We didn't sign the agreement because Mom doesn't have a place to live yet, so we really can't commit to moving out yet in the happy event it actually sells. There's a $1,000 breakup fee if she backs out within some time period, maybe the six months.  So we agreed to see how the ahping trip goes and then decide.  We have the papers all filled out and ready to go.  

We also got her hearing aid repaired at Costco.  User error - she took it apart and couldn't get it back together.   

Dinner tonight at Outback.   


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Remember ... life is what happens while you're busy making other plans.

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