Tuesday, September 13, 2005
On the Market
Well, the condo (aka The Sharp B&B aka James' former second home) is officially on the market and for sale. If any of you know a prospective intown condo buyer in the ATL hook a brother up. Geez dude, real estate is where it's at. These agents make beacoup bucks. Six percent of a sale is a lot of dough. I realize the buying agent and selling agent each only get three percent but still...that's six percent of our sale price. So in the end this three year investment is going to come out pretty much a wash. We're going to be lucky to get $215K for the joint which after commission and potential closing costs (we're really hoping for someone with a corporate relocation package so the closing costs are covered) leaves us with around $200K...ouch. That's a whopping $2000 increase over the purchase price. If we have to go below $215K to sell I think Cece's head might explode. And that's not a good thing. So keep us in your thoughts and if you want to visit the pad one last time you better hurry on over (we hope).
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