kyounge1956
Thinks s/he gets paid by the post
- Joined
- Sep 11, 2008
- Messages
- 2,171
I don't want to count my chickens before they hatch, but I think I've sold my house. The first buyer never responded to my counter offer, but today I got a second offer, all cash, contingent on inspection, and accepted it. So unless the inspector turns up something unexpected, looks like this is a go. After paying the balance of the existing loan I will have about $100K with which to buy a house to live in after retirement.
I was so scared it would sit on the market for months and months! Even better, to the best of my knowledge, there's no capital gains tax due.
I'm just wondering what's a good place to park this money until I'm ready to buy. I had my eye on a nice little house but someone beat me to it, and I'm in no hurry to buy because I'll most likely be in treatment until next spring. The only idea that occurs to me immediately is the B of A's "break any time after a week" CD's. They don't pay much interest, but the money is available almost at a moment's notice if just the right house comes on the market and I need to pounce. Any other ideas?
I was so scared it would sit on the market for months and months! Even better, to the best of my knowledge, there's no capital gains tax due.
I'm just wondering what's a good place to park this money until I'm ready to buy. I had my eye on a nice little house but someone beat me to it, and I'm in no hurry to buy because I'll most likely be in treatment until next spring. The only idea that occurs to me immediately is the B of A's "break any time after a week" CD's. They don't pay much interest, but the money is available almost at a moment's notice if just the right house comes on the market and I need to pounce. Any other ideas?
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