We sold our house. Well, it's under contract, anyway, to close by June 30th.
With this sale we lost about half of the equity we'd gained from our previous house purchase and sale. I won't lie, that hurts. Nothing like selling one's house for waaaay less than one paid for it to beat down one's pride. It's embarrassing.
On the other hand, we sold our house in what is certainly the most difficult market for sellers since we've been old enough to be in the housing market. It sold to two MD's who could have certainly afforded a nicer house, with a big kitchen and a garage. So I'm thankful. A little sick to my stomach, but thankful nonetheless.
We were fortunate enough to ride the market up...not as spectacularly as many did, but enough to be able to lose half of it and still be able to afford a place to live. I don't feel shy about complaining about our stinky rental house, but it does seem wrong to bemoan selling our house at a loss. It is a blessing that we made enough on our first house that this move (buying in Boise at the height of the market and being forced to sell at the bottom) won't ruin us financially.
Needless to say, I cried when our final counter-offer was accepted. Sad that we lost so much money. Relieved that we wouldn't have to pay rent AND mortgage indefinitely, all the while lowering and lowering our asking price.
Of course we still have the inspection to get through. It's not a done deal until we close, and if it falls apart I may need to be institutionalized for emotional overload. I have been so loony and absent-minded this week. When discussing an acceptable sales price, I kept saying an amount $100,000 greater than the actual number. Small difference. I put a lid on my empty tea cup to keep the tea I had forgotten to pour warm. Instead of drying off with my own towel after my shower this morning, I grabbed the towel that we had used to mop up the bathroom floor after last night's crazy rainstorm. So we really don't need any more big news. I will become a danger to myself and to others.
But, for now, I'm celebrating. Any excuse to drink champagne. So I hope you'll raise a glass...be it of champagne (Amanda), Diet Coke (Juli), tea (mom), a Billionaire (Andrew), instant coffee (dad), or a PBR (you know who you are) and join me in a toast: To Selling Our House!