Selling my House (Part 1)

[patb]

I’m going to write this up as a series of occasional postings to
let you know about various misadventures on the road to selling
my house.

I live in Oklahoma, near Norman, a town listed as #6 best place
to live in Money Magazine. I have a 2500 SF SFR
in an executive neighborhood, I bought it for $61/SF in 2003
and did some substantial upgrades (Mechanicals, siding, windows)

My job may be transferring me, and conditions aren’t so great
at the company, so I figure it’s a good idea to look at selling
the place. My Girlfriend hates the neighborhood and the market
is generally up in OKC/Norman so let’s be conservative and
try and lighten my personal footprint.

So I just finished painting the place, and redoing the siding (You can’t sell
if the siding is coming off, well not at a good price point),
I hired a stager to help me identify obvious issues.

I’ve held a yard sale to reduce clutter and am working to get rid of the last of it.

I’ve got my housekeeper coming every 3 days to keep the place
sparkling.

I ran comps and good houses sold for 125-140 in the desirable subdivisions
nearby.

I’ve priced at 117/SF because my place doesn’t have a garage.
but empty land has been selling in my neighborhood for $120,000
for a lot, so, the demand remains high, plus the nearby block is all
300-300K houses.

I listened to the Piggingtonian’s and hired Housepad to list the house.

Now to start doing the marketing.

[nostradamus]

Thanks! Keep us posted. For me, if I were buying a house and saw a selling price 200% higher than in 2003 I’d raise an eyebrow then click on another listing unless it was completely rebuilt.

I don’t know the area at all so maybe Money magazine will prop the price up.

Give us a picture!

[nostradamus]

Thanks! Keep us posted. For me, if I were buying a house and saw a selling price 200% higher than in 2003 I’d raise an eyebrow then click on another listing unless it was completely rebuilt.

I don’t know the area at all so maybe Money magazine will prop the price up.

Give us a picture!

[nostradamus]

Thanks! Keep us posted. For me, if I were buying a house and saw a selling price 200% higher than in 2003 I’d raise an eyebrow then click on another listing unless it was completely rebuilt.

I don’t know the area at all so maybe Money magazine will prop the price up.

Give us a picture!

[nostradamus]

Thanks! Keep us posted. For me, if I were buying a house and saw a selling price 200% higher than in 2003 I’d raise an eyebrow then click on another listing unless it was completely rebuilt.

I don’t know the area at all so maybe Money magazine will prop the price up.

Give us a picture!

[nostradamus]

Thanks! Keep us posted. For me, if I were buying a house and saw a selling price 200% higher than in 2003 I’d raise an eyebrow then click on another listing unless it was completely rebuilt.

I don’t know the area at all so maybe Money magazine will prop the price up.

Give us a picture!

[EconProf]

OK is one of the few prosperous states in the country, so you should do well on this sale. Just read that the unemployment rate in Tulsa is in the low 4’s, a rarity. Norman is a university town also, a big plus.
Several things working against you: interest rates are trending up, and the selling season is mostly over, which suggests you should be pricing it aggressively and put on a big advertising blitz when it hits the market.
Lack of a garage is a big negative…is there room to easily add on for an ambitious buyer? Also, your rennovations suggest you have an old house, albeit in a good neighborhood.

[EconProf]

OK is one of the few prosperous states in the country, so you should do well on this sale. Just read that the unemployment rate in Tulsa is in the low 4’s, a rarity. Norman is a university town also, a big plus.
Several things working against you: interest rates are trending up, and the selling season is mostly over, which suggests you should be pricing it aggressively and put on a big advertising blitz when it hits the market.
Lack of a garage is a big negative…is there room to easily add on for an ambitious buyer? Also, your rennovations suggest you have an old house, albeit in a good neighborhood.

[EconProf]

OK is one of the few prosperous states in the country, so you should do well on this sale. Just read that the unemployment rate in Tulsa is in the low 4’s, a rarity. Norman is a university town also, a big plus.
Several things working against you: interest rates are trending up, and the selling season is mostly over, which suggests you should be pricing it aggressively and put on a big advertising blitz when it hits the market.
Lack of a garage is a big negative…is there room to easily add on for an ambitious buyer? Also, your rennovations suggest you have an old house, albeit in a good neighborhood.

[EconProf]

OK is one of the few prosperous states in the country, so you should do well on this sale. Just read that the unemployment rate in Tulsa is in the low 4’s, a rarity. Norman is a university town also, a big plus.
Several things working against you: interest rates are trending up, and the selling season is mostly over, which suggests you should be pricing it aggressively and put on a big advertising blitz when it hits the market.
Lack of a garage is a big negative…is there room to easily add on for an ambitious buyer? Also, your rennovations suggest you have an old house, albeit in a good neighborhood.

[EconProf]

OK is one of the few prosperous states in the country, so you should do well on this sale. Just read that the unemployment rate in Tulsa is in the low 4’s, a rarity. Norman is a university town also, a big plus.
Several things working against you: interest rates are trending up, and the selling season is mostly over, which suggests you should be pricing it aggressively and put on a big advertising blitz when it hits the market.
Lack of a garage is a big negative…is there room to easily add on for an ambitious buyer? Also, your rennovations suggest you have an old house, albeit in a good neighborhood.

[(former)FormerSanDiegan]

Cool. 292K for a 2500 sf house in Norman, Oklahoma without a garage.

How much would it cost to rent a place like this ?

On the surface it would seem to me that places like Temecula/Murrieta are less expensive. I wonder when we’ll see people flocking to Temecula from the midwest because of housing costs 😉

[(former)FormerSanDiegan]

Cool. 292K for a 2500 sf house in Norman, Oklahoma without a garage.

How much would it cost to rent a place like this ?

On the surface it would seem to me that places like Temecula/Murrieta are less expensive. I wonder when we’ll see people flocking to Temecula from the midwest because of housing costs 😉

[(former)FormerSanDiegan]

Cool. 292K for a 2500 sf house in Norman, Oklahoma without a garage.

How much would it cost to rent a place like this ?

On the surface it would seem to me that places like Temecula/Murrieta are less expensive. I wonder when we’ll see people flocking to Temecula from the midwest because of housing costs 😉

[(former)FormerSanDiegan]

Cool. 292K for a 2500 sf house in Norman, Oklahoma without a garage.

How much would it cost to rent a place like this ?

On the surface it would seem to me that places like Temecula/Murrieta are less expensive. I wonder when we’ll see people flocking to Temecula from the midwest because of housing costs 😉

[Author]

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