So my first buyer was in escrow and set to move before Christmas and we were ecstatic. Things from there started to get better, as two other listings that I had acquired went under contract within a week of that first sale. I was flying high and was planning my exit from the bra department at Sears---then, the first big blow---my Norwalk listing, which had just sold for $38,500, was being canceled by the buyer. The realtor called me two days after we had put it under contract stating that the buyer had cold feet. I quickly learned that this roller coaster ride of feast or famine was a reality.
With a newly-reduced price, we got back on themarket and back under contract. Turns out that even though it was the Christmas season, buyer were coming out of the woodwork and buying because THE INTEREST RATE HAD DROPPED TO 8%!!! Buyers couldn't wait to buy at this historically, low rate. I rushed to get the escrows closed before the holidays so Santa could bring baby Jeffrey a new rocking horse for Christmas and Tim and I were desperately praying for enough money to buy a new couch and carpeting!
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