Post # 1
Hey ladies! I just needa vent this morning….
I moved in with my FI (then bf) 2 years ago. It was a great bachelor pad for him when he was single. He bought the house 3 years ago and wasn’t expecting to have a girl move in with him so quickly. Our wedding is in Sept and we decided in Jan to put the house on the market. After learning real estate agent commission fees we decided to do it for sale by owner to start out. Well, it is now almost April and still nothing. A guy offered us $10k under our asking price the day we put the sign in the yard and we turned him down. Commission fees won’t even add up to that.
We have an amazing agent who is also a family friend. She is helping us find a new house & she is more than willing to sell our house for us and just patiently waiting until we ask for help. (LOVE HER!)
I am ready to let her take over but my FI is not. I am over living in his bachelor pad. (528 sq ft house). I want space. A place to get away sometimes.
I asked him if we could let her do her thing starting April 1 and he keeps saying, “if you can’t wait then do it. idc” But I know he doesn’t want to and I don’t want to push it. But I am seriously getting defeated with the whole process.
I need away from the small town gossip crap we live in & away from his mom. (She lives across the street). I don’t know how much longer I can live there. Ugh.
Post # 3
I hear you, that’s annoying. My ex husband used to think he could sell our house, it obviously didn’t sell even though it was gorgeous. Many people think they can put a sign in the front yard and some pics online and it will sell, they *think* that is all a realtor does, so FALSE.
I have a friend who is a great realtor and she works her ass off. She is always posting new listings on facebook, giving homeowners advice on what they need to fix up on the house to make it sell, staging rooms and she is ALWAYS networking with other agents to make them know she has X Y and Z houses on the market. Plus she has knowledge that many home buyers/owners just don’t have!
I understand your FI wanting to save money but is it really worth it? No. What if you find the house of your dreams at a great price but can’t put an offer because yours isn’t sold or even looked at. That would suck. I would tell your FI since it has been “for sale” for almost 3 months with no interest you want your realtor to come look at the house, make sure it’s priced at fair market value, give you tips and then have her list it.
You need a bigger house with more space and want to do that before you get married, I think it’s a reasonable request that you get your current house sold ASAP. Maybe tell your FI how unhappy you are in your current house and that you want to move ASAP because of the reasons you listed above. If he loves you and wants you to be happy he will listen to you and hopefully take your advice.
Post # 4
I’m sure he’s not happy about being crowded in with you and your stuff either! Use his words to help your case. Phrase it like ‘I know you’re unhappy that you keep tripping over my stuff, and it’s hard to always be in each other’s space. Why don’t we talk to Jane and see what other options are out there?’
In general, selling a house by yourself is a HORRIBLE idea. You don’t know the market, you don’t know what nearby houses are selling for, what historical prices have been, common incentives, etc. You don’t hear from buyers in your area on a daily basis giving you details on what they want in a house. That’s why being a realtor is a full time job.
Post # 5
She came over & told us what we needed to do before putting a sign in the yard. She helped us price it. She has helped alot. She is great! I think it would be 10x better if she just did what she does best. I am going to talk to him about it this week because Monday would be a perfect time to put it on the market!
Thanks ladies for reading my vent. I appreciate it. 🙂 Hopefully I can talk him into it.
Post # 6
I agree that selling a house yourself is a nightmare and not a good way to go.
Perhaps it makes sense to rent the house out and rent somewhere else? Now is really not a good time to sell. Depending on when he bought the house, you guys will likely take a hit on it.
Post # 7
@solidarity: EVERYONE wants to rent the house. But if we rent it out then we don’t have a down payment for our new house. So we can’t do that.
Post # 8
@countrylove914: See, that’s the thing. With the decline in real estate prices and closing costs, it is quite possible you will not walk away from the closing with money. You may actually have to fork over money at the closing.
If you have the house appraised, you will be able to get a more accurate picture of what that will look like.
I am not sure why buying a new house is so important? If you rent a new house, isn’t that going to do the job as well?
Post # 9
@solidarity: I work in a bank and am doing the loan thru my company. We will walk away with about $20k.
We will not rent. It is basically throwing money out the window because there is nothing to show for it once your lease is up. Just not our cup of tea.
Post # 10
Ask the agent if you can reduce the commision. Since she wil be getting 3% when you buy a new house, maybe she will reduce her comission by 1% for selling you current house. Might make FI more comfortable using an agent.