I know I know, it’s been forever since I’ve posted anything… I’ve been completely consumed by various things including selling our old house, working on a project for a client and life in general. It seems I’ve gotten out of the habit of posting (or gotten into the habit of NOT posting) and have ignored you all for too long (again)… For this I apologize.

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I’m not normally the doom and gloom type but what I’ve been reading about subprime mortgage debt has me a bit concerned… I don’t know what will happen but one possibility is laid out below.

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Our second buyer backed out at the last minute. Turns out they could not obtain financing. So, we’re back where we started…

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The international buyer fell through…not entirely surprising.

We did end up with another offer on the house that we’ve accepted. They are using conventional financing and are pre-approved for the purchase amount. The inspection happens next week and the closing is set for June 15th.

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So we’ve gone through the negotiations and have agreed to sell our home in Detroit… The final sale price is quite a bit lower than we’d hoped for ($375K) but given the market conditions and the limited time we have to take advantage of my wife’s relocation package (which covers commission) we felt it was the best deal we could make.

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Writing from the road so this will also be short…

We received an offer on our house in Detroit. It is well below our asking price (asking $465, offer is $350). We’ll try negotiating it up a bit.

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