(Closed) please share your experiences when selling a home..Thanks

posted 5 years ago in Money
Post # 3
Member
6124 posts
Bee Keeper
  • Wedding: August 2012

@ddsfam:  In my area (Utah), 135 was an average days on market back when I sold my house.  My house sold in only 99 days!  I used an agent.  I did not do any painting or updates – it sold as is.  They wanted me to spruce up the basement bedroom, but I did not.  As the seller, the 6% agent fees (3% for each) came out of my profit which is fine.  I couldn’t have done it myself while working fulltime.  Buyers don’t usually see that cost until they sell the house themselves.

Do you want to do this on your own as a FSBO?

Or are you working with an agent to help you sell?

Post # 5
Member
6124 posts
Bee Keeper
  • Wedding: August 2012

@ddsfam:  I know in my area, houses near school are prime locations (lots of kids in Utah) so that would be optimal for someone out there!

Two months seems kind of short (as in you need more time), but I don’t know the market there.

That is very nice youre sister is not charging the fee!  I’d trust her judgement on when to list it (here June is slowest but August is busier), how long is too long to be on the market, price suggestions.

My first offer was some guy who low balled me big time and ONLY if his other house sold and we wanted me to throw in $5000 for a fence!  HA! 

In my valley in Utah, the purchase price is typically 90-93% of the asking price and that even changes year to year and from location to location.  Your sister should be able to tell you all that.

Post # 6
Member
283 posts
Helper bee
  • Wedding: June 2012

Our house has been on the market since august..we have literally redone every surface!  Our realtor mentioned how we sort of waited until the end of the season to list and that it would be slow through the holidays but pick back up after the new year.  So far we have had many look but no offers!  I can feel your frustration!  We cant wait to start a new chapter, but we dont want two mortgages…renting it out isnt an option.  My husband has now decided he wants to build so we are in the process of searching for a lot, thats at least something we can do now.  Good luck!  Keep us posted (:

Post # 9
Member
2295 posts
Buzzing bee
  • Wedding: April 2013

Oooh, ooh! I listed my condo in the Chicago area on December 8, got a cash offer on December 9, went through some negotiations to reach a good deal, and closed December 17. No one could believe it.

Here are my suggestions – totally acknowledging that every market is different. The Chicago market isn’t good though, and my condo wasn’t in a hot building or anything (actually had some real drawbacks like not FHA certified and backed up to railroad tracks):

– Hire someone to clean it. Pay the good money and get that place scrubbed like none other. Baseboards, inside closets, inside cabinets, drapes, EVERYTHING.

– Have only the bare minimum stuff in there that you need to survive. Rent a storage unit if you need to and stash at least 50% of your stuff there. You want the place staged but with as little as possible.

– Consider having a stager come for a consultation. Depending on what they do, the cost can be very reasonable or they may even give you some tips you can do on your own (that they know you would do on your own, not stealing from them). I brought one in and she was like “I can’t help you, here are the two things you should do but otherwise it is perfect, don’t hire me.”

– If you can, recruit your neighbors. If they’ll tidy up their lawns, take down lingering holiday decorations, keep trash bins inside, move a junky car, whatever, it will help you. And it helps them because it will bring up their values and likelihood to sell some day. You have to show them how it will help them, not just you.

– Be extremely particular with your realtor about having everything on the listing exactly right. Sometimes the systems pull from past entries and they are wrong.

– Be flexible in what you are willing to accept. I ended up having to sell a few pieces of furniture in the deal to get it to the price I wanted. Totally worth it. Consider the costs of keeping it and paying the mortgage vs. coming down on price.

– Check those online listings every day and make sure you are coming up in them as your realtor promised. If you are supposed to have a highlighted listing or whatever, it better be in there.

– This one my realtor suggested – handwrite a note to leave on the counter about why you have loved your home and neighborhood. It helps people emotionally connect to the property.

– I put a fresh bar of soap in the shower (I was not living there at the time) to make it smell clean and fresh but not over the top.

Post # 10
Member
11273 posts
Sugar Beekeeper
  • Wedding: April 2012

my last house sold before it was even listed.  i found two families (on kijiji) looking for a house in my neighbourhood and contacted them.  they came to look at the house on a sunday and i had 2 offers within 24 hours.  one was a cash deal with no conditions for about 10k more than i wanted.  done.

it was a custom built house and only 6 years old so i didn’t have to do any additional upgrades or staging. 

 

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