but such senarios do exist. maybe not to that extend with your friend. The point is the seller should be happy they build up equity for a nice sized profit so quickly. They should be estatic! Instead, you are praying for them? What is wrong with that picture???
When we sold our condo last year we knew we were possibly leaving some money on the table for getting out sooner then others. But you know what? $100,000 for 2 years ain’t so bad. Now all the same exact condo’s are trying to sell for $20,000 more than we sold, but now there’s 10 condo selling, and all of them are languishing on the MLS. And nobody wants to lower their price. Why is it that we are happy with $100,000 and the sellers now are sad and their realtors praying for them for not being able to sell for $120,000??? Just lower the price down and get that $100,000! Hey, even $80,000 ain’t so bad.
