Bought a house last fall for 800k serious buyer offering for 1.35 million, what would you do?

[Anonymous]

I'd counter offer for 1.6 and agree to 1.5.

[Anonymous]

Anonymous wrote:Out of curiosity where are you?

NOVA FFXC

[Anonymous]

Anonymous wrote:I'd counter offer for 1.6 and agree to 1.5.

even with capitals gains , which would be the top tax bracket?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Out of curiosity where are you?

NOVA FFXC

fairfax county

[Anonymous]

Unless your mortgage is close to nothing b/c you put down a hefty down payment and paid down principal, you won't make out that well.

Now if you're telling me you put down 50-75%, then I'd say hell yeah, go for it!

[Anonymous]

What part of FX County? McLean?

If you could find a house you like better, why not?

[Anonymous]

Don't do it. Like the others have said, your capital gain taxes would kill most of your "profit." If it truly is worth that (doubtful) then just sit for the 2 years so you can claim your 500k.

[Anonymous]

Anonymous wrote:For a profit of $200K+? Yeah, I might sell for that amount... Do you think the offer is realistic?

a

The profit is $550,000. I'd sell in a hot second and rent until I found what I wanted.

[Anonymous]

We bought for $1.05 Sept 2009...we were assessed for sale at 1.4 mill. We are thinking of cashing in--mainly because we might leave the area. ??--would u be able to afford something else? I couldn't afford my neighborhood now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For a profit of $200K+? Yeah, I might sell for that amount... Do you think the offer is realistic?

a

The profit is $550,000. I'd sell in a hot second and rent until I found what I wanted.

You would have to give 35% of that to obama so its a lot less

[Anonymous]

Anonymous wrote:What part of FX County? McLean?

I think I know but its gonna make mclean people sad

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For a profit of $200K+? Yeah, I might sell for that amount... Do you think the offer is realistic?

a

The profit is $550,000. I'd sell in a hot second and rent until I found what I wanted.

You would have to give 35% of that to obama so its a lot less

Yes, she would have to send a personal check to Obama... FFS

[Anonymous]

sounds like the market is getting toppy again.
Me, I'd take it and not think twice!!
This assumes of course you can move into something else accepatble to you with the proceeds or less - but you knew that already.

[Anonymous]

It is very tempting, but how would your replace it? After taxes, ect? I have seen people do this and regret.

[Anonymous]

Will the house appraise for that much or do they have cash? You will need to consider the cost of moving and closing on another house too.

FFX county is huge so why don't you just say which town. It's not like you are providing the street.