Selling a house

• ernest_t_bass

  

  justincredible;1843301 wrote:Yep, hopefully they don't mind it's actually in Cincinnati.

  Minor details. Leave that to the realtor.
• ernest_t_bass

  

  Congrats, by the way. Well, hopefully.
• slingshot4ever

  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 :/
• justincredible

  

  Rub it in, why don't you.
  
  But seriously, congrats.
• ohiobucks1

  

  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?
• justincredible

  

  We officially have an offer. It's a little lower than what we were hoping for but not by much.
• Belly35

  

  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...
• justincredible

  

  We've officially accepted an offer on the house.
• Ironman92

  

  justincredible;1843356 wrote:We've officially accepted an offer on the house.

  Congrats!
• GOONx19

  

  justincredible;1843356 wrote:We've officially accepted an offer on the house.

  Nice!!
• ernest_t_bass

  

  justincredible;1843356 wrote:We've officially accepted an offer on the house.

  Congrats. Garage was probably what sold it.
• justincredible

  

  ernest_t_bass;1843405 wrote:Congrats. Garage was probably what sold it.

  Indeed.
• ernest_t_bass

  

  justincredible;1843428 wrote:Indeed.

  Joke's on you. I hid your patio furniture in your garage.
• justincredible

  

  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.
• ernest_t_bass

  

  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.
• justincredible

  

  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.
• ernest_t_bass

  

  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!
• justincredible

  

  We can get to UC or Xavier in 10 minutes or less.
• justincredible

  

  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.
• Benny The Jet

  

  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.
• OSH

  

  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.
• justincredible

  

  Good luck, man.
• slingshot4ever

  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
• justincredible

  

  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.
• ernest_t_bass

  

  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.