# I sold my rental house

**URL:** <https://boards.straightdope.com/t/i-sold-my-rental-house/999589>\
**Category:** Miscellaneous and Personal Stuff I Must Share\
**Created:** [March 30, 2024, 12:01am UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589 "2024-03-30T00:01:22Z")\
**Posts on this page:** 7\
**Page:** 2

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**Author:** ![StGermain](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stgermain/32/2868_2.png) [@StGermain](https://boards.straightdope.com/u/StGermain)\
**Post date:** [March 30, 2024, 11:45pm UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/21 "2024-03-30T23:45:46Z")

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> [@Kitten\_Mitten](#):
>
> Had they given you earnest money?

No. It was in the contract, but they hadn’t written the check yet. It’s okay. It’s the first day, I hadn’t taken it off the market. If they found something that better suits their needs, I’m not upset. A little disappointed, sure. But it’s too much money fo someone to make the wrong decision.

StG

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**Author:** ![StGermain](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stgermain/32/2868_2.png) [@StGermain](https://boards.straightdope.com/u/StGermain)\
**Post date:** [March 31, 2024, 6:19pm UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/22 "2024-03-31T18:19:25Z")

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Second accepted offer - full asking price, pre-approved by their lender.

StG

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**Author:** ![VOW](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/vow/32/3043_2.png) [@VOW](https://boards.straightdope.com/u/VOW)\
**Post date:** [April 1, 2024, 7:13am UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/23 "2024-04-01T07:13:33Z")

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In that case: Party–Party–Party!

~VOW

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**Author:** ![StGermain](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stgermain/32/2868_2.png) [@StGermain](https://boards.straightdope.com/u/StGermain)\
**Post date:** [May 4, 2024, 4:10am UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/24 "2024-05-04T04:10:40Z")

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Everything went very smoothly. Very minimal requests from the inspectors (although FHA had me repaint an exterior doorframe and stair railing because of some peeling paint, which I thought was pretty picky). Today was the closing. $208K in my pocket.

StG

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**Author:** ![InternetLegend](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/internetlegend/32/13154_2.png) [@InternetLegend](https://boards.straightdope.com/u/InternetLegend)\
**Post date:** [May 4, 2024, 4:41am UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/25 "2024-05-04T04:41:00Z")

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Congratulations! That’s the test of all real estate deals - when you get to cash the check.

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**Author:** ![VOW](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/vow/32/3043_2.png) [@VOW](https://boards.straightdope.com/u/VOW)\
**Post date:** [May 5, 2024, 3:39am UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/26 "2024-05-05T03:39:05Z")

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Champagne for everyone! 🍾

After you sober up, call your tax advisor and find out how much of that 💵 💵 💵 you need to set aside so you can pay Uncle Sam next April 15.

And then DANCE! YAY! No more rental!

~VOW

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**Author:** ![jnglmassiv](https://avatars.discourse-cdn.com/v4/letter/j/f07891/32.png) [@jnglmassiv](https://boards.straightdope.com/u/jnglmassiv)\
**Post date:** [May 5, 2024, 6:57pm UTC](https://boards.straightdope.com/t/i-sold-my-rental-house/999589/27 "2024-05-05T18:57:59Z")

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> [@StGermain](#):
>
> (although FHA had me repaint an exterior doorframe and stair railing because of some peeling paint, which I thought was pretty picky)

My insurance agency rep said I had to paint my alley facing garage door as a condition of getting coverage. I never saw anything in writing and, as a first time home buyer, I didn’t realize this is sort of unusual. The door was in pretty poor shape so I did scrape and paint it within a few weeks of moving and never heard about it again. It’s not like the door was in need of repair or anything beyond cosmetic paint: the same door is doing fine now 14+ years later.

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