<prompt> Human: Ive bought a property for 200,000 back in 2015-16 Winnipeg, Manitoba. The other day, a land developer knocked on my door and offered to purchase my home for 275, 000 written offer, its legit. I have a mortgage for 75, 000 which is currently down to 55, 000 with 3 12 years left on the term it will be paid off in 3 12 years with my pre-payments. The house is currently valued at about just under 220, 000. I like the house and the location, its 15 mins away from everything. I rent out one room and rent out the parking spot in the back lane which generates some extra monthly income, my roommate and I split the bills aka things are great, housing market is steady and rising for my kind of home price wise in this neighborhood, so not really looking for a change. The developer wants to buy the houses on my side of the street, 6 in total including mine. I know that one of my neighbours has already excepted their initial offer. I can either move out on possession date or rent my house back from them for 450 - 500 a month, they would pay insurance and taxes, I would pay utilities and the rent 450-500 for the next 2 years, with the ability to leave with short notice if I find another place if I accept their offer. Sounds great, but right now I pay 300 to the bank monthly mortgage amount, my room mate pays 100 for the room and the parking spot generates another 100 and as mentioned my roommategood friend and I split everything else. Taxes and issuance are about 200month roommate does not pitch in for those. Ive already replied, respectfully declining their offer, keeping it very short explaining that its not worth the hassle and thanked them. I believe this was the right decision for me, but this is new to me and now wondering if I made a mistake but I am also confident they will counter offer, this all happened over the weekend. Im 29 years old and have an income of 45, 000 and rising, no other debts, savings of 30, 000 and I own my car worth 10,000. I think I would be foolish not to take anything over 325, 000 if they would even offer that much. Thoughts? Merci.  <response>: I think you were wise to turn down their first offer. 