Selling a house

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ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
justincredible;1843301 wrote:Yep, hopefully they don't mind it's actually in Cincinnati.
Minor details. Leave that to the realtor.
Mar 22, 2017 1:30pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Congrats, by the way. Well, hopefully.
Mar 22, 2017 1:31pm
S

slingshot4ever

Senior Member

4,085 posts
We are selling our first house right now and building a new home that we expect to see all kids go through college in. Had 3 offers after 3 days on the market. Took the highest cash offer which was above list price. Now just waiting on the inspection results for our 50 yr old home to see what we might need to fix for the buyer :/
Mar 22, 2017 2:53pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Rub it in, why don't you.

But seriously, congrats.
Mar 22, 2017 3:06pm
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ohiobucks1

USA American

4,915 posts
I've heard that lowering the price actually scares a lot of buyer's off because they think there is something wrong with it. I'd hold off on going any lower. Did you interview multiple selling agents to see the best price to list it at? Have you asked any of them if upgrades to the kitchen would complete change the price? Sounds like when comps were ran similar houses went off the market quickly, maybe your selling agent isn't doing a good job?
Mar 22, 2017 3:44pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
We officially have an offer. It's a little lower than what we were hoping for but not by much.
Mar 22, 2017 4:39pm
Belly35's avatar

Belly35

Elderly Intellectual

9,716 posts
justincredible;1843329 wrote:We officially have an offer. It's a little lower than what we were hoping for but not by much.
should have replace the patio furniture...
Mar 22, 2017 6:04pm
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
We've officially accepted an offer on the house.
Mar 22, 2017 8:43pm
Ironman92's avatar

Ironman92

Administrator

49,363 posts
justincredible;1843356 wrote:We've officially accepted an offer on the house.
Congrats!
Mar 22, 2017 10:02pm
GOONx19's avatar

GOONx19

An exceptional poster.

7,147 posts
justincredible;1843356 wrote:We've officially accepted an offer on the house.
Nice!!
Mar 22, 2017 10:42pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
justincredible;1843356 wrote:We've officially accepted an offer on the house.
Congrats. Garage was probably what sold it.
Mar 23, 2017 6:29am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
ernest_t_bass;1843405 wrote:Congrats. Garage was probably what sold it.
Indeed.
Mar 23, 2017 10:50am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
justincredible;1843428 wrote:Indeed.
Joke's on you. I hid your patio furniture in your garage.
Mar 23, 2017 11:33am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
I think we found the perfect buyers. They are buying it to use as a rental so the main complaint for most buyers (small kitchen) didn't bother them. They aren't going to be super nit-picky over minor cosmetic things. We can close quickly (set for May 1), get our funds, and continue to live in the house and pay them rent until we can actually move out. My entire work year culminates the week of May 27-June 3 and I will be busy as hell leading up to that week so trying to close on houses and move during that time would be an absolute nightmare. This gives us a lot more flexibility on when we can actually move out. Hopefully nothing major comes up in the inspection.
Mar 24, 2017 9:26am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
justincredible;1843630 wrote:I think we found the perfect buyers. They are buying it to use as a rental so the main complaint for most buyers (small kitchen) didn't bother them. They aren't going to be super nit-picky over minor cosmetic things. We can close quickly (set for May 1), get our funds, and continue to live in the house and pay them rent until we can actually move out. My entire work year culminates the week of May 27-June 3 and I will be busy as hell leading up to that week so trying to close on houses and move during that time would be an absolute nightmare. This gives us a lot more flexibility on when we can actually move out. Hopefully nothing major comes up in the inspection.
Wow. First off, congrats. But I'm surprised a landlord would be willing to pay full price for a rental. Good on you, though.
Mar 24, 2017 9:51am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
It's a nice house in a desirable neighborhood that they will have no problem renting out for $2k/month. They'll get a nice flow of income from the property.
Mar 24, 2017 10:03am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
justincredible;1843636 wrote:It's a nice house in a desirable neighborhood that they will have no problem renting out for $2k/month. They'll get a nice flow of income from the property.
True. Are you close to any college campuses? Can't get that kinda dough for a rental in my hick town!
Mar 24, 2017 10:23am
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justincredible

Nick Mangold

32,056 posts
We can get to UC or Xavier in 10 minutes or less.
Mar 24, 2017 10:30am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
We are through inspection, and they came back with only a minimal request. They want $1,000 towards minor repairs and they want us to have the furnace and a/c serviced and provide a receipt before closing. Sold.
Mar 31, 2017 9:40am
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Benny The Jet

Senior Member

2,987 posts
justincredible;1844927 wrote:We are through inspection, and they came back with only a minimal request. They want $1,000 towards minor repairs and they want us to have the furnace and a/c serviced and provide a receipt before closing. Sold.
Congrats. It's a pretty awesome feeling selling and having that weight off your shoulders.
Mar 31, 2017 10:17am
OSH's avatar

OSH

Kosh B'Gosh

4,145 posts
Congrats justin.

Nothing on my end yet. Diva lady that was VERY interested screwed us over -- it's only that because she's friends of GREAT friends. We were working with her in making it happen and she just turned her back without notice. I lit her up and she crawdadded. Oh well, it happens. We have two months before we'd HAVE to sell as my wife and family will be there until she finishes up the school year.

I'd rather not wait, if possible.
Mar 31, 2017 11:42am
justincredible's avatar

justincredible

Nick Mangold

32,056 posts
Good luck, man.
Mar 31, 2017 1:29pm
S

slingshot4ever

Senior Member

4,085 posts
slingshot4ever;1843315 wrote:We are selling our first house right now and building a new home that we expect to see all kids go through college in. Had 3 offers after 3 days on the market. Took the highest cash offer which was above list price. Now just waiting on the inspection results for our 50 yr old home to see what we might need to fix for the buyer :/
as expected, inspectors found a good amount of stuff...buyer agreed to take as is if we would just discount the price by a couple grand...we agreed and will be closing at the end of the month
Apr 1, 2017 6:58pm
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justincredible

Nick Mangold

32,056 posts
Congrats on getting through the inspection with minimal requests.

Anyone ever do a 203(k) renovation loan? It would be a last resort if we can't find a move-in ready house we really like, but we've considered buying a fixer-upper and putting in some work to renovate it to our needs/style. I just found a sweet house in an up-and-coming neighborhood that gives us all of the space we need, it just needs a bunch of cosmetic work.
Apr 2, 2017 9:02am
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
justincredible;1845260 wrote:Congrats on getting through the inspection with minimal requests.

Anyone ever do a 203(k) renovation loan? It would be a last resort if we can't find a move-in ready house we really like, but we've considered buying a fixer-upper and putting in some work to renovate it to our needs/style. I just found a sweet house in an up-and-coming neighborhood that gives us all of the space we need, it just needs a bunch of cosmetic work.
What is your plan (again) on moving to the country? Timeframe.
Apr 2, 2017 9:35am