My own aunt ignores my advice about selling

Old Town Hall, Boca Raton (flickr photo by StevenM_61)

My 79-year-old aunt became a widow last year and put her home in Florida on the market with the idea of moving to a much smaller place and probably giving up her condo in the Boston area later on.

We happened to speak four days after it was listed for $884,000 at the end of December.  There was one buyer who visited the house in that short interval.  He professed interest, but my aunt is smart enough to have conceded that his interest likely will be fleeting.

The buying season was getting under way, she noted, correctly pointing out that it was too early to draw any conclusions about her prospects.

“The broker wanted to price it lower,” she told me with some reluctance.

“For how much?” I naturally asked.

There was a pause before she answered: Continue reading

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