Post # 1
As the title says, there is somebody very interested in buying our house. Two weeks ago I (hubby is away with work) went to a city meeting where they were going to be talking about the variance DH and I submitted as part of our addition we are going to be building. After the meeting, a man came up and asked if we were interested in selling because he was interested in our area. I said no, not really.
Two days ago, I got a letter in the mail from a realtor saying he had clients interested in our house, specifically because it has a large yard/lot. Condition of the house was no matter because they have skills apparently. The realtor said to call or email if we are interested.
If this had come somewhere before say, April, I would have been all over it because we hadn’t started anything for our renos. Our house is very small and, well, not very nice. It needs major updates and we are building an addition. The only thing we’ve done is put in new cabinets in the kitchen (about $1400) but we’ve spent a lot on prep for the reno. About $14,000 on sewer hookup, drawings for the build, and a contractor deposit.
I have very little communication with hubby while he’s away and what we do have is on the worst kind of phone imaginable (on his end). He thinks we should look into it, but I wish I could have a better conversation about this with him. Instead I turn to the internet for your opinion!
Should I look into what they’re offering?
Post # 3
@NewfieBullet: Yes, absolutely, gather information. There’s no reason not to find out more. They know they’re going to have to put in a really good offer, since ou aren’t looking to sell.
Post # 4
I’d see what they are offering! If it’s enough, you might be able to get a house that doesn’t need any renovations in the same area or an area you like more! Just remember that you’d need to get at least 20k or so more than you’d need for the new house. Doesn’t hurt to see what they’d like to pay!
Post # 5
It can’t hurt to find out more!
Post # 6
In 2007 someone legit walked up to my MIL’s house, knocked on the door and wanted to buy their house. She took them on a home tour (it’s much nicer inside) and showed the couple the backyard which is out of a gardening magazine. Their realtor called the next day and made an offer of $220 when the house was only worth $175, they even were going to pay cash for it and were totally legit about it. FIL had sentimental feelings about their family house and after a week of debating turned it down. 6 years later the house is worth $125 and they still owe $65 on it. MIL told me she regrets not pushing her husband a bit to sell it years earlier as they could have retired a few years early by doing so.
Lesson: Couldn’t hurt to ask!
Post # 7
A family once knocked on my parent’s door and offered to buy the house in cash! They closed two months later, and we wound up living with my grandparents for six months while our new house was built!
But the offer was good enough that my parents BUILT in East Hampton, NY. Not a mansion or anything, but property values there is INSANE!
Post # 8
@NewfieBullet: There’s nothing wrong with talking and getting more info.
Post # 9
Definitely no down side to finding out more. It would be almost irresponsible not to. I mean, what if they offer way more than $15k over what it’s worth? It doesn’t sound like you love your house, so keep an open mind.
Post # 10
@NewfieBullet: I would make a list of the improvements you’ve made so far, take some interior photos, and also list the work you’ve done preparing for the addition and expenses. Submit this to the realtor and let him know that you would possibly consider the right offer. Never hurts to find out more info! 🙂
Post # 11
- Wedding: September 2011 - Baby boy 12/2015
@NewfieBullet: Is it possible that you have oil underground and you guys don’t know? 🙂 I say look into it if you guys are flexible about moving.
Post # 12
It’s a bit of a marketing scam some realtors use here, but depending on your area it might be legit. It never hurts to find out more info!
Post # 13
Thanks for all the feedback, ladies! I’ve just composed the main part of the email to the realtor and need some opinions.
We received your letter informing us of your clients who are interested in our house. We were not thinking of putting our house on the market; in fact, we are in the midst of preparing for the building of an addition to the house. We’ve gotten drawings done, paid for sewer connection, and hired a contractor. However, we would consider the possibility of selling the house as well, given the right circumstances.“
I’m not sure where to go from there. What else should I add? How should I end it?
Any advice will help!
Post # 14
@NewfieBullet: I would give them as little information as possible and let them make the first offer. If they are interested then they might use the information you give them against you and offer less. I would just call the realtor and ask how serious the prospective buyers are. Remember that Realtor works for the buyers no matter how nice they may seem their goal is to get the best possible deal for them not you.
Post # 15
@Jessy243: Thanks! The only reason I included the bit about the addition and what we’ve prepped for it is because all that cost us about $14,000 so I figured it’d be good for them to know we’d be expecting to cover those costs in selling.
Post # 16
@NewfieBullet: I agree with maybe letting them know you may consider selling but only if the price is right because your in the midst of renos.