After ALL this drama ... BIL just called me and he's balking at the county's market value on the condo. He said when he rents it he's making more than 5 percent on his investment ... and he's reluctant to sell the condo for less than about $70K to $80K. I know that county appraisals lag the market ... sometimes to the good and sometimes to the bad. BIL says he's going to talk to a realtor and see if he thinks he can sell it for a higher price. But I think the county's value is good -- and there would be no real estate fee.
I spoke at length to the woman who values that building for the county. She walked thru the unit in 2009, and has factored DOWN the assessment the past couple of years from about $70K. Maybe the market's going up ... I don't know.
You know, I'm in a place where it won't break my heart if this doesn't go through. I still want to sell the house in the spring. And maybe I could wait for a one-bedroom unit in that building to come on the market. They are reasonably priced. Or so the county says -- hahaha!!!
And so it goes ... ;~) j