Forum Replies Created
-
AuthorPosts
-
manuParticipant
Hello scaredycat,
not sure whether you remember me.
I post on this site for the first and last time until almost 2 years ago.
I really appreciated your input back then when I was looking for advice on how to behave wanting to sell the house of my dreams as prices were starting to come down and my husband and I had overspent in remodelling.
We are going in escrow tomorrow. the house has been on the market for about one year.
I am not giving any extra details at this time because it is not a done deal yet and I don`t want to get too excited about it.
What I will say though is that I am looking forward to regaining the freedom to relocate, downsize or don`t even have to work for a while even if we are taking a loss with the sale.
As everybody says, these are very uncertain times and I think flexibility is key.
Now back to your post.
I think that it is great that you found your dream house.
Prices have come done alot and the risk you are taking, if you have done your math right and still considering to buy, sounds like it is a risk worth taking.
I will just post below what you post to me back then.
if that doesn`t apply to you anymore, then go ahead and enjoy your new house.
Good luck and thank you again for your precious advice….Here is your post from almost 2 years ago:
Dear manu.
I don’t know what the right thing to do is. I can tell you that this is more than a strict financial issue in some ways. My wife is a doctor. We have a bunch of kids. We have kind fo struggled along raising them and figuring out what our priorities are, lifestyle-wise, etc. I can tell you that for us, renting is the best mental deal. Without children, there really is nopoint to having so much house, in my opinion. Our house now is still tiny–and most of our kids end up sleeping on our floor by the end of the night after wandering in. we often joke we could live ina one room house. that’s a bit of an exaggeration, but really, you guys could be happy in many different places. To me, doctoring is hard, hard work, and you may want to take a break from it t one point, like my wife…just cause you can “make” the payments doesn’t mean that you want to work like a dog every month for the remainder of your existence here on earth. There is a lot to be said for living way wya way below your means, incluing your house payment, simply because of the freedome it affords you psychologically. You don’t feel like you are completely tied to your current situaiton in such an endless way. now this may not apply to you. there are plenty of doctors and lawyers who work work work and never look back. But I wouldn’t be surprised if the medical biz doesn’t wear you down after a while. particularly if you have childre, you will probably want to slow down. there is no reaon you couldn’t be extremely happy in a house that goes for 1.5 times your salaries, or even less…this is justa thought. I dont relaly know what this house “means” to you–whether the house itself is like some downpayment ona future happy family life. but the work the hassle, and worst of all, at leats for me, the financial uncertainty of what’s coming up aroun the bend, well, i just sleep better not being invovled in the real estate market lately and in the near future. i would like to buya place,if the paymetns feel right, and the situaiton feels just right. i know a grinding comute would NEVER feel right to me, at least. My opnion, based on what ir ea dhere,is to dump the place, even if you ahd to take a small loss. just my sense,basedon very limited info. dont know if this has any value at all for you,a nd I dont mean it in any kinds of mean way.
Drink Heavily.
manuParticipantHello scaredycat,
not sure whether you remember me.
I post on this site for the first and last time until almost 2 years ago.
I really appreciated your input back then when I was looking for advice on how to behave wanting to sell the house of my dreams as prices were starting to come down and my husband and I had overspent in remodelling.
We are going in escrow tomorrow. the house has been on the market for about one year.
I am not giving any extra details at this time because it is not a done deal yet and I don`t want to get too excited about it.
What I will say though is that I am looking forward to regaining the freedom to relocate, downsize or don`t even have to work for a while even if we are taking a loss with the sale.
As everybody says, these are very uncertain times and I think flexibility is key.
Now back to your post.
I think that it is great that you found your dream house.
Prices have come done alot and the risk you are taking, if you have done your math right and still considering to buy, sounds like it is a risk worth taking.
I will just post below what you post to me back then.
if that doesn`t apply to you anymore, then go ahead and enjoy your new house.
Good luck and thank you again for your precious advice….Here is your post from almost 2 years ago:
Dear manu.
I don’t know what the right thing to do is. I can tell you that this is more than a strict financial issue in some ways. My wife is a doctor. We have a bunch of kids. We have kind fo struggled along raising them and figuring out what our priorities are, lifestyle-wise, etc. I can tell you that for us, renting is the best mental deal. Without children, there really is nopoint to having so much house, in my opinion. Our house now is still tiny–and most of our kids end up sleeping on our floor by the end of the night after wandering in. we often joke we could live ina one room house. that’s a bit of an exaggeration, but really, you guys could be happy in many different places. To me, doctoring is hard, hard work, and you may want to take a break from it t one point, like my wife…just cause you can “make” the payments doesn’t mean that you want to work like a dog every month for the remainder of your existence here on earth. There is a lot to be said for living way wya way below your means, incluing your house payment, simply because of the freedome it affords you psychologically. You don’t feel like you are completely tied to your current situaiton in such an endless way. now this may not apply to you. there are plenty of doctors and lawyers who work work work and never look back. But I wouldn’t be surprised if the medical biz doesn’t wear you down after a while. particularly if you have childre, you will probably want to slow down. there is no reaon you couldn’t be extremely happy in a house that goes for 1.5 times your salaries, or even less…this is justa thought. I dont relaly know what this house “means” to you–whether the house itself is like some downpayment ona future happy family life. but the work the hassle, and worst of all, at leats for me, the financial uncertainty of what’s coming up aroun the bend, well, i just sleep better not being invovled in the real estate market lately and in the near future. i would like to buya place,if the paymetns feel right, and the situaiton feels just right. i know a grinding comute would NEVER feel right to me, at least. My opnion, based on what ir ea dhere,is to dump the place, even if you ahd to take a small loss. just my sense,basedon very limited info. dont know if this has any value at all for you,a nd I dont mean it in any kinds of mean way.
Drink Heavily.
manuParticipantHello scaredycat,
not sure whether you remember me.
I post on this site for the first and last time until almost 2 years ago.
I really appreciated your input back then when I was looking for advice on how to behave wanting to sell the house of my dreams as prices were starting to come down and my husband and I had overspent in remodelling.
We are going in escrow tomorrow. the house has been on the market for about one year.
I am not giving any extra details at this time because it is not a done deal yet and I don`t want to get too excited about it.
What I will say though is that I am looking forward to regaining the freedom to relocate, downsize or don`t even have to work for a while even if we are taking a loss with the sale.
As everybody says, these are very uncertain times and I think flexibility is key.
Now back to your post.
I think that it is great that you found your dream house.
Prices have come done alot and the risk you are taking, if you have done your math right and still considering to buy, sounds like it is a risk worth taking.
I will just post below what you post to me back then.
if that doesn`t apply to you anymore, then go ahead and enjoy your new house.
Good luck and thank you again for your precious advice….Here is your post from almost 2 years ago:
Dear manu.
I don’t know what the right thing to do is. I can tell you that this is more than a strict financial issue in some ways. My wife is a doctor. We have a bunch of kids. We have kind fo struggled along raising them and figuring out what our priorities are, lifestyle-wise, etc. I can tell you that for us, renting is the best mental deal. Without children, there really is nopoint to having so much house, in my opinion. Our house now is still tiny–and most of our kids end up sleeping on our floor by the end of the night after wandering in. we often joke we could live ina one room house. that’s a bit of an exaggeration, but really, you guys could be happy in many different places. To me, doctoring is hard, hard work, and you may want to take a break from it t one point, like my wife…just cause you can “make” the payments doesn’t mean that you want to work like a dog every month for the remainder of your existence here on earth. There is a lot to be said for living way wya way below your means, incluing your house payment, simply because of the freedome it affords you psychologically. You don’t feel like you are completely tied to your current situaiton in such an endless way. now this may not apply to you. there are plenty of doctors and lawyers who work work work and never look back. But I wouldn’t be surprised if the medical biz doesn’t wear you down after a while. particularly if you have childre, you will probably want to slow down. there is no reaon you couldn’t be extremely happy in a house that goes for 1.5 times your salaries, or even less…this is justa thought. I dont relaly know what this house “means” to you–whether the house itself is like some downpayment ona future happy family life. but the work the hassle, and worst of all, at leats for me, the financial uncertainty of what’s coming up aroun the bend, well, i just sleep better not being invovled in the real estate market lately and in the near future. i would like to buya place,if the paymetns feel right, and the situaiton feels just right. i know a grinding comute would NEVER feel right to me, at least. My opnion, based on what ir ea dhere,is to dump the place, even if you ahd to take a small loss. just my sense,basedon very limited info. dont know if this has any value at all for you,a nd I dont mean it in any kinds of mean way.
Drink Heavily.
manuParticipantHello scaredycat,
not sure whether you remember me.
I post on this site for the first and last time until almost 2 years ago.
I really appreciated your input back then when I was looking for advice on how to behave wanting to sell the house of my dreams as prices were starting to come down and my husband and I had overspent in remodelling.
We are going in escrow tomorrow. the house has been on the market for about one year.
I am not giving any extra details at this time because it is not a done deal yet and I don`t want to get too excited about it.
What I will say though is that I am looking forward to regaining the freedom to relocate, downsize or don`t even have to work for a while even if we are taking a loss with the sale.
As everybody says, these are very uncertain times and I think flexibility is key.
Now back to your post.
I think that it is great that you found your dream house.
Prices have come done alot and the risk you are taking, if you have done your math right and still considering to buy, sounds like it is a risk worth taking.
I will just post below what you post to me back then.
if that doesn`t apply to you anymore, then go ahead and enjoy your new house.
Good luck and thank you again for your precious advice….Here is your post from almost 2 years ago:
Dear manu.
I don’t know what the right thing to do is. I can tell you that this is more than a strict financial issue in some ways. My wife is a doctor. We have a bunch of kids. We have kind fo struggled along raising them and figuring out what our priorities are, lifestyle-wise, etc. I can tell you that for us, renting is the best mental deal. Without children, there really is nopoint to having so much house, in my opinion. Our house now is still tiny–and most of our kids end up sleeping on our floor by the end of the night after wandering in. we often joke we could live ina one room house. that’s a bit of an exaggeration, but really, you guys could be happy in many different places. To me, doctoring is hard, hard work, and you may want to take a break from it t one point, like my wife…just cause you can “make” the payments doesn’t mean that you want to work like a dog every month for the remainder of your existence here on earth. There is a lot to be said for living way wya way below your means, incluing your house payment, simply because of the freedome it affords you psychologically. You don’t feel like you are completely tied to your current situaiton in such an endless way. now this may not apply to you. there are plenty of doctors and lawyers who work work work and never look back. But I wouldn’t be surprised if the medical biz doesn’t wear you down after a while. particularly if you have childre, you will probably want to slow down. there is no reaon you couldn’t be extremely happy in a house that goes for 1.5 times your salaries, or even less…this is justa thought. I dont relaly know what this house “means” to you–whether the house itself is like some downpayment ona future happy family life. but the work the hassle, and worst of all, at leats for me, the financial uncertainty of what’s coming up aroun the bend, well, i just sleep better not being invovled in the real estate market lately and in the near future. i would like to buya place,if the paymetns feel right, and the situaiton feels just right. i know a grinding comute would NEVER feel right to me, at least. My opnion, based on what ir ea dhere,is to dump the place, even if you ahd to take a small loss. just my sense,basedon very limited info. dont know if this has any value at all for you,a nd I dont mean it in any kinds of mean way.
Drink Heavily.
manuParticipantdear publicdefender,
you totally got it!!! This is the answer I was looking for.
I feel exactly the way you are saying.
I realized after living in this Country for 3 years that I don`t need that much to live. When I first moved here I was so excited about this new experience abroad, being able to be with my husband full time after living apart for years, getting married. Well I was so excited that all the consumistic approach to life that you breath all over USA just got to me in a moment of euphoria.
Everybody was living the American dream, my husband could afford to upgrade and soon I was going to make big money too so we figured “why not?”.
But I come from Europe where, as everybody knows, people live all their lives in the smallest places because of prices and overpopulation, even the rich. My husband grew up really poor so was forced to live the same way.
We don`t need all this, expecially all the headaches that come with it.
I am really convinced that I want to sell this house, even at a loss. I am sure whatever we loose we can make back in a few years if even.
The problem is that my husband is too busy with his job and has no clue about what it is going on and would not sell at a loss.
The worst part is that he bought this place for me because he though it was my dream house and now I am asking him to sell at a loss after all the trouble of the remodelling and the money we spent in it. He thinks I am totally delusional!
He listened to me the first time and we had this terrible time with the house and now I am asking for something that sounds even worse!
It is really hard to push the subject because tecnically he is the business man and he feels he knows better and he doesn`t listen!
Also most of our relationship problems have been caused by the fact that we never seem to agree on anything so I really have to be diplomatic and gentle without forcing the discussion.
We have been talking about selling from the beginning but he is a perfectionist and would not feel like the house was ever ready for market..and there goes another project!!
Until I started to work last year and all the projects got to a forced end (I was the only one dealing with contractors) and we haven`t talked about selling because we got too busy with each others work and interpersonal problems.
Last september, after finding this site I brought that up again and only now I have some more flexible schedule and I can arrange for us to see realtors.
After we talked to the realtor yesterday I think he has a better idea about how bad the market got. I am hoping he will be more open for discussion.
We just met with another one today.
He knew our house as he previewed before we bought it. He sold the house next door in 2005 for 1650000.
That house is sort of comparable in size but has no views which really are the selling point for our house, no horse facility, one less garage and half of the usable lot we have.
He came, looked around, was very impressed with the work we had done. He is going to let me know on Saturday what he thinks we should market it for.
I just want to get the house on the market as soon as possible…as long as my husband lets me to.Thanks again for your sinceer answer
Manu
manuParticipantdear publicdefender,
you totally got it!!! This is the answer I was looking for.
I feel exactly the way you are saying.
I realized after living in this Country for 3 years that I don`t need that much to live. When I first moved here I was so excited about this new experience abroad, being able to be with my husband full time after living apart for years, getting married. Well I was so excited that all the consumistic approach to life that you breath all over USA just got to me in a moment of euphoria.
Everybody was living the American dream, my husband could afford to upgrade and soon I was going to make big money too so we figured “why not?”.
But I come from Europe where, as everybody knows, people live all their lives in the smallest places because of prices and overpopulation, even the rich. My husband grew up really poor so was forced to live the same way.
We don`t need all this, expecially all the headaches that come with it.
I am really convinced that I want to sell this house, even at a loss. I am sure whatever we loose we can make back in a few years if even.
The problem is that my husband is too busy with his job and has no clue about what it is going on and would not sell at a loss.
The worst part is that he bought this place for me because he though it was my dream house and now I am asking him to sell at a loss after all the trouble of the remodelling and the money we spent in it. He thinks I am totally delusional!
He listened to me the first time and we had this terrible time with the house and now I am asking for something that sounds even worse!
It is really hard to push the subject because tecnically he is the business man and he feels he knows better and he doesn`t listen!
Also most of our relationship problems have been caused by the fact that we never seem to agree on anything so I really have to be diplomatic and gentle without forcing the discussion.
We have been talking about selling from the beginning but he is a perfectionist and would not feel like the house was ever ready for market..and there goes another project!!
Until I started to work last year and all the projects got to a forced end (I was the only one dealing with contractors) and we haven`t talked about selling because we got too busy with each others work and interpersonal problems.
Last september, after finding this site I brought that up again and only now I have some more flexible schedule and I can arrange for us to see realtors.
After we talked to the realtor yesterday I think he has a better idea about how bad the market got. I am hoping he will be more open for discussion.
We just met with another one today.
He knew our house as he previewed before we bought it. He sold the house next door in 2005 for 1650000.
That house is sort of comparable in size but has no views which really are the selling point for our house, no horse facility, one less garage and half of the usable lot we have.
He came, looked around, was very impressed with the work we had done. He is going to let me know on Saturday what he thinks we should market it for.
I just want to get the house on the market as soon as possible…as long as my husband lets me to.Thanks again for your sinceer answer
Manu
manuParticipantdear publicdefender,
you totally got it!!! This is the answer I was looking for.
I feel exactly the way you are saying.
I realized after living in this Country for 3 years that I don`t need that much to live. When I first moved here I was so excited about this new experience abroad, being able to be with my husband full time after living apart for years, getting married. Well I was so excited that all the consumistic approach to life that you breath all over USA just got to me in a moment of euphoria.
Everybody was living the American dream, my husband could afford to upgrade and soon I was going to make big money too so we figured “why not?”.
But I come from Europe where, as everybody knows, people live all their lives in the smallest places because of prices and overpopulation, even the rich. My husband grew up really poor so was forced to live the same way.
We don`t need all this, expecially all the headaches that come with it.
I am really convinced that I want to sell this house, even at a loss. I am sure whatever we loose we can make back in a few years if even.
The problem is that my husband is too busy with his job and has no clue about what it is going on and would not sell at a loss.
The worst part is that he bought this place for me because he though it was my dream house and now I am asking him to sell at a loss after all the trouble of the remodelling and the money we spent in it. He thinks I am totally delusional!
He listened to me the first time and we had this terrible time with the house and now I am asking for something that sounds even worse!
It is really hard to push the subject because tecnically he is the business man and he feels he knows better and he doesn`t listen!
Also most of our relationship problems have been caused by the fact that we never seem to agree on anything so I really have to be diplomatic and gentle without forcing the discussion.
We have been talking about selling from the beginning but he is a perfectionist and would not feel like the house was ever ready for market..and there goes another project!!
Until I started to work last year and all the projects got to a forced end (I was the only one dealing with contractors) and we haven`t talked about selling because we got too busy with each others work and interpersonal problems.
Last september, after finding this site I brought that up again and only now I have some more flexible schedule and I can arrange for us to see realtors.
After we talked to the realtor yesterday I think he has a better idea about how bad the market got. I am hoping he will be more open for discussion.
We just met with another one today.
He knew our house as he previewed before we bought it. He sold the house next door in 2005 for 1650000.
That house is sort of comparable in size but has no views which really are the selling point for our house, no horse facility, one less garage and half of the usable lot we have.
He came, looked around, was very impressed with the work we had done. He is going to let me know on Saturday what he thinks we should market it for.
I just want to get the house on the market as soon as possible…as long as my husband lets me to.Thanks again for your sinceer answer
Manu
manuParticipantdear publicdefender,
you totally got it!!! This is the answer I was looking for.
I feel exactly the way you are saying.
I realized after living in this Country for 3 years that I don`t need that much to live. When I first moved here I was so excited about this new experience abroad, being able to be with my husband full time after living apart for years, getting married. Well I was so excited that all the consumistic approach to life that you breath all over USA just got to me in a moment of euphoria.
Everybody was living the American dream, my husband could afford to upgrade and soon I was going to make big money too so we figured “why not?”.
But I come from Europe where, as everybody knows, people live all their lives in the smallest places because of prices and overpopulation, even the rich. My husband grew up really poor so was forced to live the same way.
We don`t need all this, expecially all the headaches that come with it.
I am really convinced that I want to sell this house, even at a loss. I am sure whatever we loose we can make back in a few years if even.
The problem is that my husband is too busy with his job and has no clue about what it is going on and would not sell at a loss.
The worst part is that he bought this place for me because he though it was my dream house and now I am asking him to sell at a loss after all the trouble of the remodelling and the money we spent in it. He thinks I am totally delusional!
He listened to me the first time and we had this terrible time with the house and now I am asking for something that sounds even worse!
It is really hard to push the subject because tecnically he is the business man and he feels he knows better and he doesn`t listen!
Also most of our relationship problems have been caused by the fact that we never seem to agree on anything so I really have to be diplomatic and gentle without forcing the discussion.
We have been talking about selling from the beginning but he is a perfectionist and would not feel like the house was ever ready for market..and there goes another project!!
Until I started to work last year and all the projects got to a forced end (I was the only one dealing with contractors) and we haven`t talked about selling because we got too busy with each others work and interpersonal problems.
Last september, after finding this site I brought that up again and only now I have some more flexible schedule and I can arrange for us to see realtors.
After we talked to the realtor yesterday I think he has a better idea about how bad the market got. I am hoping he will be more open for discussion.
We just met with another one today.
He knew our house as he previewed before we bought it. He sold the house next door in 2005 for 1650000.
That house is sort of comparable in size but has no views which really are the selling point for our house, no horse facility, one less garage and half of the usable lot we have.
He came, looked around, was very impressed with the work we had done. He is going to let me know on Saturday what he thinks we should market it for.
I just want to get the house on the market as soon as possible…as long as my husband lets me to.Thanks again for your sinceer answer
Manu
manuParticipantdear publicdefender,
you totally got it!!! This is the answer I was looking for.
I feel exactly the way you are saying.
I realized after living in this Country for 3 years that I don`t need that much to live. When I first moved here I was so excited about this new experience abroad, being able to be with my husband full time after living apart for years, getting married. Well I was so excited that all the consumistic approach to life that you breath all over USA just got to me in a moment of euphoria.
Everybody was living the American dream, my husband could afford to upgrade and soon I was going to make big money too so we figured “why not?”.
But I come from Europe where, as everybody knows, people live all their lives in the smallest places because of prices and overpopulation, even the rich. My husband grew up really poor so was forced to live the same way.
We don`t need all this, expecially all the headaches that come with it.
I am really convinced that I want to sell this house, even at a loss. I am sure whatever we loose we can make back in a few years if even.
The problem is that my husband is too busy with his job and has no clue about what it is going on and would not sell at a loss.
The worst part is that he bought this place for me because he though it was my dream house and now I am asking him to sell at a loss after all the trouble of the remodelling and the money we spent in it. He thinks I am totally delusional!
He listened to me the first time and we had this terrible time with the house and now I am asking for something that sounds even worse!
It is really hard to push the subject because tecnically he is the business man and he feels he knows better and he doesn`t listen!
Also most of our relationship problems have been caused by the fact that we never seem to agree on anything so I really have to be diplomatic and gentle without forcing the discussion.
We have been talking about selling from the beginning but he is a perfectionist and would not feel like the house was ever ready for market..and there goes another project!!
Until I started to work last year and all the projects got to a forced end (I was the only one dealing with contractors) and we haven`t talked about selling because we got too busy with each others work and interpersonal problems.
Last september, after finding this site I brought that up again and only now I have some more flexible schedule and I can arrange for us to see realtors.
After we talked to the realtor yesterday I think he has a better idea about how bad the market got. I am hoping he will be more open for discussion.
We just met with another one today.
He knew our house as he previewed before we bought it. He sold the house next door in 2005 for 1650000.
That house is sort of comparable in size but has no views which really are the selling point for our house, no horse facility, one less garage and half of the usable lot we have.
He came, looked around, was very impressed with the work we had done. He is going to let me know on Saturday what he thinks we should market it for.
I just want to get the house on the market as soon as possible…as long as my husband lets me to.Thanks again for your sinceer answer
Manu
manuParticipantHi everybody, just a quick update.
Summary:
house bought in 2003 for 950000 in best area in town.
400000 (not 500000) spent in upgrades, improvements, 200 sq/feet addition.
600000 conventional loan.
combined income about 300000/year. My income should go up, my husband`s most likely would go down because of the depression.
Have an OPTION for 350000$ HELOC no questions asked at 7.5 percent in case of emergency
House too big and very expensive to mantain.
Thinking about downsizing.I was finally able to meet with a realtor today.
She is the top agent for high end listing in the area.
She came in expecting a 60`s ranch and was very impressed by the improvements and expecially the views.
She told us that since we are not forced to sell we are crazy to consider selling in this market.
As everybody knows there are a lot of low ballers out there and she first said she though we would get offers in the low 1 million.
Part of the problem is that most people won`t even come to see the house thinking is a 60s house and apparently on the mls the 200 sqfeet addition is not disclosed
Then things started to get complicated.Apparently there are 3 preforeclosures in the area (high end) and one auction property that she said she has a buyer for. She thinks it would go for about 1.5 millions.
At that point she asked us if we would be happy selling for 1,6 and 1,7. She just sold this week a listing in the area, smaller than ours for 1699 (full price). She thought the house was the ugliest (very contemporary) and would never sell but there was a buyer out there just waiting for a contemporary house who paid full price no questions asked.
At that point I got very confused.
First she says we would get very low offers (1,2 range), that she tries to see how we react to a 1,6-1,7 offer (after she mentioned she has a buyer in the price – range), than she tells me she just listed a house much worse than ours for a relatively high price which sold in a week at full price.
One thing was clear: she was really trying to discourage us to sell (was she just testing our commitment or was she sincere?)
she raccomended that we call all the realtors in the area and make our house a pocket listing (not on mls but available at fixed price, showed on discretion of the real estate agents that came to see the house if they think they have possible buyers).Then before she left she said she would feel comfortable listing the house for 1450000.
????
She was really nice but my husband and I are really confused.
I think part of the problem is that my husband kept saying that we are not forced to sell and we would not sell unless it is worth it, which is true.
The problem is that I can see the realtor being very discouraged upfront and not willing to put any money and effort into trying to marketing our property expecially when there are so many listings out there popping up every day which are relatively easy sell because there is not much negociation since the seller has to sell no matter what the price is.Please help me out here.
Cash out (breaking even at least I hope) or enjoy this very expensive (but so far in our means) house.
I am just really scared when I read about how tough times are going to be.
My husband works on commissions so I am very nervous about what it is going to come.Please, no insults.
Appreciate your timemanuParticipantHi everybody, just a quick update.
Summary:
house bought in 2003 for 950000 in best area in town.
400000 (not 500000) spent in upgrades, improvements, 200 sq/feet addition.
600000 conventional loan.
combined income about 300000/year. My income should go up, my husband`s most likely would go down because of the depression.
Have an OPTION for 350000$ HELOC no questions asked at 7.5 percent in case of emergency
House too big and very expensive to mantain.
Thinking about downsizing.I was finally able to meet with a realtor today.
She is the top agent for high end listing in the area.
She came in expecting a 60`s ranch and was very impressed by the improvements and expecially the views.
She told us that since we are not forced to sell we are crazy to consider selling in this market.
As everybody knows there are a lot of low ballers out there and she first said she though we would get offers in the low 1 million.
Part of the problem is that most people won`t even come to see the house thinking is a 60s house and apparently on the mls the 200 sqfeet addition is not disclosed
Then things started to get complicated.Apparently there are 3 preforeclosures in the area (high end) and one auction property that she said she has a buyer for. She thinks it would go for about 1.5 millions.
At that point she asked us if we would be happy selling for 1,6 and 1,7. She just sold this week a listing in the area, smaller than ours for 1699 (full price). She thought the house was the ugliest (very contemporary) and would never sell but there was a buyer out there just waiting for a contemporary house who paid full price no questions asked.
At that point I got very confused.
First she says we would get very low offers (1,2 range), that she tries to see how we react to a 1,6-1,7 offer (after she mentioned she has a buyer in the price – range), than she tells me she just listed a house much worse than ours for a relatively high price which sold in a week at full price.
One thing was clear: she was really trying to discourage us to sell (was she just testing our commitment or was she sincere?)
she raccomended that we call all the realtors in the area and make our house a pocket listing (not on mls but available at fixed price, showed on discretion of the real estate agents that came to see the house if they think they have possible buyers).Then before she left she said she would feel comfortable listing the house for 1450000.
????
She was really nice but my husband and I are really confused.
I think part of the problem is that my husband kept saying that we are not forced to sell and we would not sell unless it is worth it, which is true.
The problem is that I can see the realtor being very discouraged upfront and not willing to put any money and effort into trying to marketing our property expecially when there are so many listings out there popping up every day which are relatively easy sell because there is not much negociation since the seller has to sell no matter what the price is.Please help me out here.
Cash out (breaking even at least I hope) or enjoy this very expensive (but so far in our means) house.
I am just really scared when I read about how tough times are going to be.
My husband works on commissions so I am very nervous about what it is going to come.Please, no insults.
Appreciate your timemanuParticipantHi everybody, just a quick update.
Summary:
house bought in 2003 for 950000 in best area in town.
400000 (not 500000) spent in upgrades, improvements, 200 sq/feet addition.
600000 conventional loan.
combined income about 300000/year. My income should go up, my husband`s most likely would go down because of the depression.
Have an OPTION for 350000$ HELOC no questions asked at 7.5 percent in case of emergency
House too big and very expensive to mantain.
Thinking about downsizing.I was finally able to meet with a realtor today.
She is the top agent for high end listing in the area.
She came in expecting a 60`s ranch and was very impressed by the improvements and expecially the views.
She told us that since we are not forced to sell we are crazy to consider selling in this market.
As everybody knows there are a lot of low ballers out there and she first said she though we would get offers in the low 1 million.
Part of the problem is that most people won`t even come to see the house thinking is a 60s house and apparently on the mls the 200 sqfeet addition is not disclosed
Then things started to get complicated.Apparently there are 3 preforeclosures in the area (high end) and one auction property that she said she has a buyer for. She thinks it would go for about 1.5 millions.
At that point she asked us if we would be happy selling for 1,6 and 1,7. She just sold this week a listing in the area, smaller than ours for 1699 (full price). She thought the house was the ugliest (very contemporary) and would never sell but there was a buyer out there just waiting for a contemporary house who paid full price no questions asked.
At that point I got very confused.
First she says we would get very low offers (1,2 range), that she tries to see how we react to a 1,6-1,7 offer (after she mentioned she has a buyer in the price – range), than she tells me she just listed a house much worse than ours for a relatively high price which sold in a week at full price.
One thing was clear: she was really trying to discourage us to sell (was she just testing our commitment or was she sincere?)
she raccomended that we call all the realtors in the area and make our house a pocket listing (not on mls but available at fixed price, showed on discretion of the real estate agents that came to see the house if they think they have possible buyers).Then before she left she said she would feel comfortable listing the house for 1450000.
????
She was really nice but my husband and I are really confused.
I think part of the problem is that my husband kept saying that we are not forced to sell and we would not sell unless it is worth it, which is true.
The problem is that I can see the realtor being very discouraged upfront and not willing to put any money and effort into trying to marketing our property expecially when there are so many listings out there popping up every day which are relatively easy sell because there is not much negociation since the seller has to sell no matter what the price is.Please help me out here.
Cash out (breaking even at least I hope) or enjoy this very expensive (but so far in our means) house.
I am just really scared when I read about how tough times are going to be.
My husband works on commissions so I am very nervous about what it is going to come.Please, no insults.
Appreciate your timemanuParticipantHi everybody, just a quick update.
Summary:
house bought in 2003 for 950000 in best area in town.
400000 (not 500000) spent in upgrades, improvements, 200 sq/feet addition.
600000 conventional loan.
combined income about 300000/year. My income should go up, my husband`s most likely would go down because of the depression.
Have an OPTION for 350000$ HELOC no questions asked at 7.5 percent in case of emergency
House too big and very expensive to mantain.
Thinking about downsizing.I was finally able to meet with a realtor today.
She is the top agent for high end listing in the area.
She came in expecting a 60`s ranch and was very impressed by the improvements and expecially the views.
She told us that since we are not forced to sell we are crazy to consider selling in this market.
As everybody knows there are a lot of low ballers out there and she first said she though we would get offers in the low 1 million.
Part of the problem is that most people won`t even come to see the house thinking is a 60s house and apparently on the mls the 200 sqfeet addition is not disclosed
Then things started to get complicated.Apparently there are 3 preforeclosures in the area (high end) and one auction property that she said she has a buyer for. She thinks it would go for about 1.5 millions.
At that point she asked us if we would be happy selling for 1,6 and 1,7. She just sold this week a listing in the area, smaller than ours for 1699 (full price). She thought the house was the ugliest (very contemporary) and would never sell but there was a buyer out there just waiting for a contemporary house who paid full price no questions asked.
At that point I got very confused.
First she says we would get very low offers (1,2 range), that she tries to see how we react to a 1,6-1,7 offer (after she mentioned she has a buyer in the price – range), than she tells me she just listed a house much worse than ours for a relatively high price which sold in a week at full price.
One thing was clear: she was really trying to discourage us to sell (was she just testing our commitment or was she sincere?)
she raccomended that we call all the realtors in the area and make our house a pocket listing (not on mls but available at fixed price, showed on discretion of the real estate agents that came to see the house if they think they have possible buyers).Then before she left she said she would feel comfortable listing the house for 1450000.
????
She was really nice but my husband and I are really confused.
I think part of the problem is that my husband kept saying that we are not forced to sell and we would not sell unless it is worth it, which is true.
The problem is that I can see the realtor being very discouraged upfront and not willing to put any money and effort into trying to marketing our property expecially when there are so many listings out there popping up every day which are relatively easy sell because there is not much negociation since the seller has to sell no matter what the price is.Please help me out here.
Cash out (breaking even at least I hope) or enjoy this very expensive (but so far in our means) house.
I am just really scared when I read about how tough times are going to be.
My husband works on commissions so I am very nervous about what it is going to come.Please, no insults.
Appreciate your timemanuParticipantHi everybody, just a quick update.
Summary:
house bought in 2003 for 950000 in best area in town.
400000 (not 500000) spent in upgrades, improvements, 200 sq/feet addition.
600000 conventional loan.
combined income about 300000/year. My income should go up, my husband`s most likely would go down because of the depression.
Have an OPTION for 350000$ HELOC no questions asked at 7.5 percent in case of emergency
House too big and very expensive to mantain.
Thinking about downsizing.I was finally able to meet with a realtor today.
She is the top agent for high end listing in the area.
She came in expecting a 60`s ranch and was very impressed by the improvements and expecially the views.
She told us that since we are not forced to sell we are crazy to consider selling in this market.
As everybody knows there are a lot of low ballers out there and she first said she though we would get offers in the low 1 million.
Part of the problem is that most people won`t even come to see the house thinking is a 60s house and apparently on the mls the 200 sqfeet addition is not disclosed
Then things started to get complicated.Apparently there are 3 preforeclosures in the area (high end) and one auction property that she said she has a buyer for. She thinks it would go for about 1.5 millions.
At that point she asked us if we would be happy selling for 1,6 and 1,7. She just sold this week a listing in the area, smaller than ours for 1699 (full price). She thought the house was the ugliest (very contemporary) and would never sell but there was a buyer out there just waiting for a contemporary house who paid full price no questions asked.
At that point I got very confused.
First she says we would get very low offers (1,2 range), that she tries to see how we react to a 1,6-1,7 offer (after she mentioned she has a buyer in the price – range), than she tells me she just listed a house much worse than ours for a relatively high price which sold in a week at full price.
One thing was clear: she was really trying to discourage us to sell (was she just testing our commitment or was she sincere?)
she raccomended that we call all the realtors in the area and make our house a pocket listing (not on mls but available at fixed price, showed on discretion of the real estate agents that came to see the house if they think they have possible buyers).Then before she left she said she would feel comfortable listing the house for 1450000.
????
She was really nice but my husband and I are really confused.
I think part of the problem is that my husband kept saying that we are not forced to sell and we would not sell unless it is worth it, which is true.
The problem is that I can see the realtor being very discouraged upfront and not willing to put any money and effort into trying to marketing our property expecially when there are so many listings out there popping up every day which are relatively easy sell because there is not much negociation since the seller has to sell no matter what the price is.Please help me out here.
Cash out (breaking even at least I hope) or enjoy this very expensive (but so far in our means) house.
I am just really scared when I read about how tough times are going to be.
My husband works on commissions so I am very nervous about what it is going to come.Please, no insults.
Appreciate your time -
AuthorPosts