Home › Forums › Closed Forums › Buying and Selling RE › FSBO – Success! Courtesy of Zillow and Craigslist
- This topic has 11 replies, 4 voices, and was last updated 12 years, 7 months ago by
bearishgurl.
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July 17, 2012 at 8:23 PM #19980July 17, 2012 at 8:28 PM #748276
bearishgurl
ParticipantSo, LA, will you rent here until you have to transfer for your job?
btw: congrats on your successful FSBO sale!
July 17, 2012 at 10:04 PM #748280LAAFTERHOURS
ParticipantMy job is remote based from home and my wife has new work opportunities elsewhere so we are moving within a month out of the state.
July 17, 2012 at 10:11 PM #748281ucodegen
ParticipantWould you care to share some of the results of the Googling etc with the rest before you ‘ride into the sun’… but only to the horizon?? Ie..What someone who might be considering doing the same thing, either from purchase or sale side, would need to know and where the resources are at?
July 17, 2012 at 10:14 PM #748282sdrealtor
ParticipantUltra low inventory made that all possible. Just curious about one thing. December 2009 is widely referred to as the bottom of the down cycle in most indexes. How did your resale price compare to your purchase price?
Congrats and good luck in your next home!
July 18, 2012 at 6:23 AM #748289LAAFTERHOURS
Participant[quote=sdrealtor]Ultra low inventory made that all possible. Just curious about one thing. December 2009 is widely referred to as the bottom of the down cycle in most indexes. How did your resale price compare to your purchase price?
Congrats and good luck in your next home![/quote]
Sold for 90K above purchase price. Homes in the neighborhood peaked in that timeframe at 120k above our purchase price. Peak for this subdivision was back in 2006, for double what we purchased the home for so we bought in at the bottom (there was only one home lower in this subdivision but it was a smaller home and beat up). This neighborhood had a lot of blood in the streets 07-09.
July 18, 2012 at 6:32 AM #748290LAAFTERHOURS
Participant[quote=ucodegen]Would you care to share some of the results of the Googling etc with the rest before you ‘ride into the sun’… but only to the horizon?? Ie..What someone who might be considering doing the same thing, either from purchase or sale side, would need to know and where the resources are at?[/quote]
I took some notes from Treehugger but basically looked up required documents for california real estate transactions. Pulled a real estate purchase agreement form a legal website (rocketlawyer.com), also pulled the CAR purchase agreement document and made sure all bases were covered in the purchase agreement. Seller is responsible for natural hazard reports (payonline and in advance vs through escrow), wood destroying pest inspection (used antimite because they are free), Hoa transfer fees (if you have one) and I think thats it. Its up to you to determine what to pay in terms of closing but you can use zillow’s closing calculator to look at different ecrow companies to determine the costs associated with closing. Escrow really handles everything which helps.
July 18, 2012 at 7:25 AM #748293sdrealtor
ParticipantThanks for the additional information and that’s a nice gain! I’d call that significant appreciation in a few years. Just curious, where did you get all the mandatory disclosure forms you are legally required to provide?
July 18, 2012 at 8:10 AM #748296LAAFTERHOURS
Participant[quote=sdrealtor]Thanks for the additional information and that’s a nice gain! I’d call that significant appreciation in a few years. Just curious, where did you get all the mandatory disclosure forms you are legally required to provide?[/quote]
Welcome and thanks! We are 2 for 2 in buying low selling high (bought in 04 in DC and sold in March 06 right before it tanked). It probably helps that we have bought homes that needed updating and that my wife has a past history of interior design (Tip – staging the home helps).
I pulled all the disclosures down off the web (it took a while to locate all of them). I used our previous sale documentation to give me an idea of what was needed as well as read up on what was recommended.
July 18, 2012 at 8:25 PM #748370sdrealtor
ParticipantDefinitely must have helped to have purchased home in CA recently and been able to refer to what you got on it. There are a few new laws (gotta keep the lawyers employed) but nothing dramatic I can think. Nice job and congrats again!
So where are you heading if you care to share. If not that’s fine.
July 19, 2012 at 12:04 PM #748427LAAFTERHOURS
ParticipantThanks SDR. Off to another Firestorm state – Denver CO.
July 19, 2012 at 3:51 PM #748454bearishgurl
Participant[quote=LAAFTERHOURS]Thanks SDR. Off to another Firestorm state – Denver CO.[/quote]
Good choice, LA! I am very familiar with Denver, CO. I know some parts of it like the back of my hand. Here are some past threads I contributed to re: Denver.
http://www.piggington.com/the_new_style_of_single_family_house_what039s_your_thought
http://www.piggington.com/investment_propertycoastal_vs_escondido?page=1
http://www.piggington.com/another_san_diegan_moving_to_denver_me
If you have any questions, please feel free pm me.
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