Previous Owner Wants My House Back
I got a short email from the previous owner of the FSBO purchase I made last year. It turns out he is now looking for a new place to live and wanted to see if I was interested in selling the house back to him. I had to smile a little bit and at the same time feel a little sad for the guy.
Whatever the reasons, its clear that the seller is strongly attached to the house I bought from him. Its older and in the city, so it definitely is not a cookie cutter house where he could just find another down the street. It has a bit of personality and will be hard to find another similar to it.
One the one hand, I no longer live there and quite frankly if the guy loves the house so much, I shouldn't prevent him from living there (Im thinking about the movie House of Sand and Fog). I also love the house, but see it as an invesment. I will likely never live there again because it is a very small house - too small for my fiancee and I to live in (at least till our living standard shrinks).
On the other hand, this house is a good investment for me - it will pay off in the years to come. I already have the house cash-flow positive with apparently very reliable renters. In order for this to work out for me I would have to ask for more money than what I purchased it at. I feel bad telling the seller I would sell it back to him for alot more money - it wouldn't be fair for me to toy him like that. Plus it would be a headache for me now being on the other side of the world.
I'm going to just email him and tell him how much I love the house and can't think of letting it go. It will at least reassure him the house is in good hands.
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