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So it looks like this move is going to happen.
When and how is another issue.
We are talking with attorneys about selling the house ourselves because we have people who want to buy it.
We have real estate agents on our doorstep so we have options in case one of the people who want to buy it don't meet our price.
And we have had moving companies in and out of the door giving us estimates because when you move interstate, it's by the pound and by the mile. Ugh.
The real estate people are interesting. Some people throw out a huge number because they want your business. Some people think the house is fine as is "because it is livable without anything that has to be done."
Then, other agents want the whole thing redone, top to bottom.
Other agents tell us to subtract furniture and lighting, while still others tell us to not subtract lighting and not replace it, in case it leads to unseen, unknown problems.
"Why replace a ceiling if you don't have to? Leave that light right when it is."
But it's the prices that are freaking us out. Let's start with what we think the house is worth, and we'll call that X, today.
Realtor One says: "Of course, you can get that, but I would list it at X+Z and let's see who bites."
Realtor Two says: "As of today? I think your price is optimistic. I think you are overinflating the price by Q. So I would put it on at X-Q, or G. Or we could put it on at X+F, but then you have to spend some money on upgrades..."
Realtor three says: "In a perfect world, it should bring X. But who knows? I say X is good, or X - 5, and get people in a bidding mood."
Then there are their suggestions.
R2: "Replace this, that, and that bathroom floor."
Us: You can't just do that. We'd have to pull the whole bathroom, and what guarantee is it that we would get our money back?"
R2: "We you won't get all of your money back, but you'd get 90% and it would make the house sell faster."
UGH!
All of it, UGH!
Anyway, we have two more relators to interview, then we will put out all of their suggestions, and compare.
And this doesn't even begin to cover the buying side of the equation, which is a mess, in Ohio.
Ugh!
It's all a crap-shoot, between agents and pricing and upgrades or no upgrades.
ReplyDeleteI wish you luck during a stressful time. It's such a racket like every other business anymore. I have a few extra bottles of gin should you need one.
ReplyDeleteSounds like none of those agents seem to know what they're doing. What an annoying time you're having! Still, you'll look back on all this in a year's time and laugh... Jx
ReplyDeleteRelators... go with your gut. You have to deal with this person on an on-going basis until one of the most traumatic episodes in your life is completed. Don't go with someone you don't like... or trust... no matter the promises. Trust your instinct. They need to make this easy for you... YOU are doing THEM a favor. Keep that in mind. As for renovations? Really? To sell a place you've been living perfectly well in for years and years? No. If you didn't see fit to do it while you were living there, why put yourself through the hell of dealing with a contractor and never show up workers and the mess at this stage in the game. Let it go. Move one. You have a new life waiting for you, dear. Kizzes.
ReplyDeleteYes, what to sell a home for can be a crap shoot. I say do your homework. Do comparables. Realtors can be looking for a quick sell because it's money in their pockets sooner. I don't care if it takes time. If one prices it right it will sell. And I am sure you know all of this.
ReplyDeleteI remember trying to sell my condo a few years back. I worked with a friend who is a realtor. We priced it right and gave a few concessions one being paying the monthly special assessment that had a couple of years left to go. We did a few modest price reductions. I had an investor that wanted the house and wanted us to drop the price by $50,000 before he would commit to buying. No deal. He was just being greedy.
Also with realtors' need for an up, up, up to date house. No. It's all subjective. I saw as long as the house is not falling apart we are good. Folks buying the home will rush in a put their stamp on it. Why risk them tearing out all the stuff you just put in.
I saw a TikToc a few days again about Ohio and all the abandoned housing developments. Yes, one of the reasons was the 2008 crash but the video also mentioned some big warehouse thing being built. I believe this is it https://rejournals.com/vantrust-starts-construction-on-1-million-square-foot-warehouse-in-columbus-market/ If I see it again I will send it your way. I may be off base.
Wishing you and hubby the best as you transition to your new home. Stressful yes, but take it a day at a time. Take your time!
Buying and selling a home at the same time must be a nightmare, with the realtors (same category and mindset as used car salesman) giving conflicting advice that always leaves them with the most profit. Selling: No one will buy a home that isn't perfect. Buying: You must make some concessions, and you want to customize it for yourself anyway.
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Good luck!
--Jim
have you settled on Columbus or Cleveland?
ReplyDeleteSince every Realtor is saying something completely different, that has to be so confusing and making you wonder if any know what they're doing or talking about? I do hope you can move thru this stressful time quickly. Deciding upon a Selling Price in a volatile housing market can be complicated, what are the Comps Selling for, especially those that have Sold? That's always a good jumping off point.
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