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nancyinmich

We had our 'little' closing Wednesday

Nancy in Mich
16 years ago

It is now official, we have contracted to do a 26-27 month "rent to own" on our home. We have a signed lease, a signed contract to sell with a closing in November 2009. The monthly rent will cover most of the carrying costs on the house. We will sell for $139,000, plus the $2000 the realtor is forgiving from his commission.

I guess I can now say that a 1450 sq ft 3 bed/1 bath home on a full unfinished basement with extensive updates is worth $139,000 in the Seminole Hills section of Mt. Clemens, MI.

We were on the market exactly 18 months, with our agent 366 days. We had one other offer, last Christmas. It was for $140,000, with us paying $6000 to the buyer for her to close.

DH and I feel a certain amount of relief that it is over. We are happy that the lady who is renting/buying loves the house so much. We have and expect to continue to have a good working relationship with her.

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