My house selling experience in the down economy

By
Real Estate Mortgage Broker with Advana Mortgage

Today I have had my home on the market for about 4 weeks and from what I am seeing we either are in a unique market with very little concern about the economic conditions, or I have a great deal.  I have had over 30 showings, (I lost count last week on #29) and have had several offers.  Honestly, my home is under contract for more than what I was asking, what a blessing.  Don't get me wrong, it is a great house in a fantastic location, and I think priced right, especially for this time of year. 

This morning the inspector is there going through the house to look it over for any potential issues.  I don't think he will find anything unusual since I went through it with a fine tooth comb, even replacing the toilet wax seal last week when I found the one in the basement to be not tightened down enough.  Since the shingles, gutters, furnace, AC unit, and light fixtures have all been replaced in the past 5 years, things are both up to date and extremely energy efficient.  Those items should give it a good seal of approval from the inspector, but naturally I still worry that he'll find something that I didn't know about.  Since the home is only about 27 years old, I should be ok. 

It has been more chaotic showing it than what I expected.  I have had only a couple days in the past 4 weeks without a showing, some days with 5 showings.  Today, after the inspector is done, there will be two more showings.  It's been tough for my dog Griffin, but I expect he knows something is up with him being taken to shelters, friends homes, and even my office during showings.  Fortunately, I have some great friends with children who love him.  I recommend visiting with friends to see if they will watch your  pet if you decide to sell your home.  It works out well for the families whose children want a pet, but parents aren't ready yet, it bides them some time in getting one permanently!

After today's inspetion we should be good to go until closing, but I have heard another offer may be coming in.  If that occurs then I'm back to the decision table, which is tougher than I expected.  I want to be sure the buyers feel they got a great deal, but I also need to consider my personal needs, so going though those decisions has been challenging.

I'll hear about the inspection report later this week, but with Thanksgiving on Thursday, I expect to hear back as early as tomorrow.  

Fortunatly I feel blessed to be in the situation, but now I know how tough it is when more than one offer comes in.

Until next time......

 

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Topic:
Home Selling
Location:
South Dakota
Groups:
Mortgages
Tags:
selling a home in a down market
home sale
buyers
inspectors
home inspections

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Anonymous
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Rainer
6,481
Craig Markhardt
CRMS
Advana Mortgage

Well, I'll be moving out of my home in the middle of next month, unexpectedly I received several offers and had nearly 40 showings in less than 4 weeks' time!! 

I've been busy getting ready to pack, inviting family over for dinners and bringing friends by for brunch.  Once I get my new kitchen then I'll continue to work on my newly found cooking skills!

 

December 22, 2008 09:54 PM
Anonymous
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Rainer
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Craig Markhardt

CRMS
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