How to promote new upgrades when house is already on the market
Sharon Joyce
7 years ago
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How did you handle old house when building new?
Comments (17)Even in the face of falling home prices, we decided to continue living in our current home and NOT put it on the market until our new home was ready. Financially, selling earlier MIGHT have made better sense but 1) I absolutely do not want to move more than one time and 2) I cannot stand the thought of real estate agents walking strangers through my home! Besides which, I'll readily admit that I am simply not a good enough house-keeper to keep my home in "showing shape" seven days a week for weeks/months on end. LOL! Being able to clean it up, paint it up, and showcase it after we move out (as opposed to showing it full of all our junk) will probably balance out whatever equity we lose due to the falling market. At least that's what I told DH and since most of the JUNK is his and he didn't want to put it in storage for 9 to 12 months AND he is no better at housework than I am, he let me convince him. Luckily, we were within a couple of thousand dollars of having the mortgage on our first home paid off before we signed a contract for the new build. (Would have already had it paid off but three years ago, when we found the land we wanted, we discovered it was a whole lot cheaper to refinance our house and purchase the land outright than to get a land-only loan.) Since we won't be faced with the possibility of two mortgages, that gave us a lot more freedom. Fortunately too we're in a part of the country that hasn't been hit too hard by the subprime mess plus we're in a university town where rentals are at a premium so, if we can't get a decent price for our current house when we're ready to sell, I'm 100% sure we can keep it rented easily enough. In fact, I've been advised that holding onto the old house and renting it out would probably be the smarter thing to do financially. I just really don't want the hassles of being a "landlord" though so I'd really rather sell it, roll whatever equity we have into the new house, and be done with it....See MoreHow long was your house on the market before finally selling?
Comments (20)Maybe we can continue this threat? 1.2005 in IL.Sold in one day for asking price.Town house in a sellers market. 2.2016 in Co.Buyers market.Nice house on a corner lot.Recived low ball,one person backed out.Finally sold after 6 months after market improved but had to lower price 5 times. 3.2021 in wine country Co.Sold in 24 hours close to asking price.I will always regret selling this one( remodeled victorian in a a perfect location. 4.2023 rural tx in down market.Over 300 days on the market,one low ball offer.A lot of showings but no other offers.Unique house with couple of acres.Reduced price 5 times already.This house is going to be the death of me.I wish I never bought it....See Morenew home build – what to go standard and what to upgrade
Comments (30)@chispa, I still got to choose my floor plan, choose an exterior design, and choose all my finishes with this build. The only thing that was going to need actual renovation was the master bath for the tub, which they agreed to leave out :) I also think it's unfair to say I would never make my money back on the home with these upgrades. Most people don't want carpet in homes and they prefer a freestanding tub - I'm not doing anything drastic. And when it comes to the neighborhood, most homes are way better than mine - we have some that are more than double the cost of what I am paying. I'm not too worried on ROI....See MoreHypothetical - How much would these upgrades increase our home value?
Comments (23)I have never walked into a home for sale and said: "I'm going to up my offer because of those faucets." Even major improvements, like a master bath remodel, will not return anything close to 100% of the cost. And the things you've listed are in the noise level. No one will be influenced in making an offer by any of these items....See MoreSharon Joyce
7 years agoSharon Joyce
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7 years agolast modified: 7 years agoSharon Joyce thanked Suzi AKA DesertDance So CA Zone 9bSharon Joyce
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7 years agolast modified: 7 years agoSharon Joyce
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