Tomorrow is the big day. We are closing on our spec house. I am just as excited as the young couple that is buying it. It is nice to see them so happy.
We will not be coming home with any money. All of their down payment goes to the real estate agent for her comission.
I am paying the closing costs. The bank had estimated $7000 in closing costs, but they are coming to only $2500. (No inspection fee, appraisal fee or points)
I am holding the mortgage on the property, so this will be part of our retirement monthly income. Of course, I plan to save it until we need it to live on. Right now, my husband still works full time.
$20 challenge fund $11,623.00
Excited about tomorrow.
July 9th, 2015 at 03:24 pm
July 9th, 2015 at 04:14 pm 1436458472