We may have a potential buyer for the townhouse (will know by the end of today). Last weekend open house was great since we lower the price to $359,999. It started at 399,999; then got lower to 385,000 with 5K back to buyer; then 379,999 with 5K back to buyer. We also have one rental application for $1700 a month; for 1 year and 8 months. However, we would really like to sell the house - but can't go any lower on the price. We don't want to pay the difference of the loan; we also had to factor in 3% for buyer agent and 3% for seller agent (sister's fee / Remax fee).
Sister and I decided to still run a background and credit check just in case we have no buyer contract.