Breaking News - Sale Pending!

It’s been a whirlwind of a week - but the awesome news is that we already have a verbal agreement on the sale of our house, and the official paperwork & processing should begin today. Our house hit the MLS on Tuesday of this week, was already getting showings on Wednesday morning, and by yesterday (Thursday) afternoon we had received an offer from the Realtor who had first toured it. We made a modest counter-offer around 5:30 and had heard by 8:00 that the two Realtors had talked and there was verbal agreement on our counter offer. 

If all the formal processing goes smoothly - and there’s no reason to think it won’t - we should be closing by the end of April.

Who says the real estate market is horrible? 

While we won’t be clearing the gobs of money that the real estate market promised back when we purchased the house, we sold at roughly 11% higher than what we purchased the house at 16 years ago, higher than our mortgage payoff and with enough margin to also pay off the remaining loan we have on the fifth wheel. 

Which means? We’ll be debt-free. Totally. Completely. Debt. Free.

I know - life is funny.  And good at coming up with unexpected and unplanned events.  Any number of things could happen that would cause us to have to go back into debt.  But we have a chance - a small chance - to bust free and stay there and we’re going to take it and run! 

What does financial freedom + location independence equal?

Heck if we know, but we are going to button up things here in West Michigan and hit the road to find out!

Wish us luck!

Plan Your Great Suburban Escape!

Need inspiration in your quest to leave the suburbs? Subscribe to the Ditching Suburbia newsletter and we'll send you the latest blog posts via email. We'll also send updates about the book.

No spam ever, pinky-promise.

11 Comments Breaking News - Sale Pending!

  1. Picture of EuanEuan March 16, 2012

    Great news that you have got an offer already… even better that you have the opportunity to become debt free.

  2. Picture of MarciMarci March 16, 2012

    Fantastic news for you guys!!  Congrats, and we hope everything progresses smoothly!

  3. Picture of BoyinkBoyink March 16, 2012

    Thanks Marci!

  4. Picture of JanaJana March 16, 2012

    Been following your blog for awhile. Congratulations on the sale of your home! Hope all goes well and your plans to be on the road again in May happens. We have enjoyed traveling and living on the road, there is just something very freeing in this lifestyle…and to do it debt free…now that’s really living! Best of wishes!

  5. Picture of BoyinkBoyink March 16, 2012

    Thanks Jana!

    We totally agree..and have been anxious to get traveling again.  Hope to see you on the road!

  6. Picture of SeanSean March 16, 2012

    Mike,

    Congrats on the sale. Looking forward to following your travelling adventures into the future.

  7. Picture of BoyinkBoyink March 16, 2012

    Thanks Sean!

  8. Picture of Carolyn SasekCarolyn Sasek March 16, 2012

    Congrats!  So exciting!!  We look forward to crossing paths along the way.  :-)

  9. Picture of BoyinkBoyink March 17, 2012

    Thanks Carolyn!

  10. Picture of LarryLarry March 19, 2012

    Mike and family,

    Let me offer my congratulations as well on the sale of the house!  Hope the closing goes well and gets you back on the road.  From the listing, I thought you had priced it to sell fairly quickly, and I am glad you are able to move on to the next leg of your new life.

  11. Picture of BoyinkBoyink March 19, 2012

    Thanks Larry!

    It’s funny how things can be a “careful what you ask for” moment..when we had an offer that quick it’s easy to wonder if we should have priced it higher.  But then if it takes longer to sell you make more mortgage payments, have yardwork to do, etc. 

    We’re coming out fine financially and this gets us on the road during the summer yet with no worries about an empty house for sale back home.

Leave a Reply:

Your email address will not be published. Required fields are marked *