Help Getting out of Sale contract :-(
Hello everyone, I moved from Denver to UT about 5 years ago and before I joined BP I signed a contact to sell a rental house in Denver, after doing more research seem like selling would be a huge mistake ( I'm leaving 30K of equity on the table) because I didn't know how much the market had gone up. Anyone have any ideas how to get out of the contract?? Or is this just a really costly mistake that I will need to learn from and move froward?
PLEASE HELP
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- Rental Property Investor
- Tucson AZ / Nice FR / Washington DC
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Could I offer a little wisdom here. Greed is the greatest downfall of man. 30k is nothing to worry about, peanuts in the larger game. If you wait another year you could get more, or you could find out it's worth nothing as some did in 2008. Learn from it, and always list above agent recommended price, then take the money you got and make more.
Never know, maybe it will fail inspection, but do always remember, you where happy with one banana till you learned the others got two, it's all perception.
Best,