My neighbor put his home up for sale (he is returning to India) last week. His house is a bit bigger than ours, but all in all pretty comparable in size and condition. He had an open house last week. I went over, like all nosy neighbors do, and saw some of the upgrades. He put in granite countertops, and all stainless steel appliances in the kitchen. But other than that, not too much else was done. He was asking $689,000. Not bad, because he was one of the original owners 9 years ago, as were we, and only paid $305,000 for the home. I saw him yesterday and he told me there is a contract on his house for a bit over $670,000. I was very happy, because this only took 2 weeks, which means there are buyers out there keeping up the values. Several years ago, the house would have probably sold for $720,000, but the house still more than doubled in appreciation. Not a bad return for your money!
What I’m Reading Wednesdays
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