Tag Archives: Single Mother
SOS: I Have a Buyer — Finally — But I’ll Only Net $3,000!
A Reader who has had her house on the market for over a year writes:
Dear Candy:
It has been a nightmare trying to sell my home in Prosper. I’m a single mother of two. I paid about $280,000 for my home 2.5 years ago. Been on the market for two years. One buyer came in and backed out at the last minute, after I’d signed a lease on a rent house. (That was costly!) Now we have another buyer at $263,000 on a $275,000 asking price. I put $40,000 down on this home and with this offer, will only net $3,000. That’s a lousy investment on $40K. It’s a solid buyer, all pre-approved, clean deal and they are paying all fees. I just don’t know what to do! Do you think home ownership is worth it? Everyone keeps telling me that they are going to take away the tax deduction, and I should just sell and lease. What’s the real story? I need a real estate expert? I’m afraid my agent wants me to sell just to get rid of me and make some money off me.
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