Difficult Decisions

This week I had to make a difficult decision to cancel my contract on my new house. The Sales Manager was putting the pressure on now that the house is pretty much done. I could sell my house quicker if I lower the price a bit but if I did that, I couldnt afford the down-payment on my new house. So after much thought and review of my options I decided to cancel my contract now while I could still get my earnest money back. Unfortunately that is only 1/3 of the money that I put into the new house.

I could have continued with an addendum to the contract where they would be able to put the house on the market and I would have right of first refusal. This is where I would have 3 days to either walk away or buy the new house without the contingency on selling my house.

The Sales Manager had already been rude to both of my agents when I first switched over to them. Which is unfortunate since they could have worked very well together not just with me but with other opportunities.

Anyway he was pretty rude with me when he called me to tell me about putting the house up and at one point laughed at me when I asked a question. I told him I didnt appreciate it and that it is unprofessional of him to do that. He also was totally denying that he had told me I would have until July to sell my house. Unfortunately I didnt have that in writing as I thought I did. So I after I drive by the house I saw that the sold sign was gone and that an 'available' sign was now up in the yard. So the next day I called and spoke to his boss and filled him in on everything and after discussing with him and my agents I decided it was best to cancel the contract.

So now I am pondering my next steps on what to do when my house does sell. We thought about lowering the price, but after reviewing the comps in the area; it really is priced right so I will hold off a little longer. There are some different options I am considering for what I will do when my house does sell. I will share those at a later time. :)

As we all know everything happens for a reason!