I think buyers are coming into my occupied home without a realtor.
HU-953492282
2 years ago
last modified: 2 years ago
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kevin9408
2 years agolast modified: 2 years agoRelated Discussions
I KNOW our Realtor thinks we're nuts!
Comments (15)Tinker if this is what you want to do, I say go ahead. You have outlined your situation and it sounds like you understand full well what you're getting into. That said, a couple of stories: We have lived in the same neighborhood for 15 years. We rented for about 6 or 7 years, then started to house hunt--only in our neighborhood. We found THE house. We bid higher than reasonable and were confident we would get it, and didn't. It was bought by a developer for 30% more, who reconfigured the antique house so that the lot could be split and added two really ugly condos. We were aghast, and I can't believe I still have to look at that thing every day (we pass it on the way to dd's school). It was the best thing that ever happened to us, because we learned that you can lose your dream home, and life goes on, and unbelievably, better dream homes came along. We bid on 3 more "dream homes" in our neighborhood, getting a little more cocky and skeptical every time. I live in the fifth house we tried to buy, 4 years later, and we're very happy with it. We got a great deal, and it's head and shoulders above the first house we went for. So, as much as this house speaks to you, keep in mind, other houses can still do that too. I recommend taking 48 hours and looking around in some other places, with a different realtor. Look on craigslist--you will see things that don't show in mls listings. I have a friend that was house hunting in two of the most expensive towns in our area, my modest mid-range town wasn't even on her list. But she stumbled on a listing in Craigslist, and now has twice as much house, just as good a commute, and far better schools than she expected. Before you commit to this house, think outside the box. Heck I wish 2000 people like you would descend on Galveston, TX and invest in those crumbling victorians. Or Brunswick, GA. Just look at this: http://www.realtor.com/realestateandhomes-Detail/817-Egmont_Brunswick_GA_31520_M63142-27459 or this: http://www.realtor.com/realestateandhomes-Detail/815-Albany_Brunswick_GA_31520_M60146-44621 I'd buy the second house just to get a tree like that. Finally, if you are open to spending that kind of money on preservation, from a stewardship standpoint, it makes more sense to spend the money on a house that won't be torn down when you move on. Could you look in a more historic district where these types of homes are valued? If you can live with the idea of your work being undone, then I guess you're ok, but knowing with certainty that the work I put into my house would be ripped up would drive me nuts. But that's just me....See MoreI KNOW our Realtor thinks we're nuts!
Comments (31)You are always going to have folks who THINK new is better. It's the way they are wired. A good many of those folks are in the real estate profession. They are looking at things from the point of the bottomline. Not always the best place to measure success from. I'd start by finding a different contractor. When it comes to contractors you generally have two types the one ones who like new because it's fast and easy and it fattens their wallets with a quick turn around and the the ones who are masters and will work with you to save what they can. Generally speaking the latter is more costly but they also have the advantage of being better problem solvers and better at their craft. There seems to be a point of pride they carry which the gut and build guys just don't have. That house has character. It has a good location and if you can afford to fix it up so it maintains that charm then I'd go for it. You fell in love with it as it is. Fixed up and maintained somebody else in the future will love it just as much if not more. My biggest rule in home ownership is go with your gut. If your gut tells you it's better to save it than flatten it them do it....See MoreQ for Realtors - time mgmt and showing buyers
Comments (13)I think the best agents are the ones that make you FEEL like their only client, even though they are actually really busy. When we were selling our house, our agent would always call us back within half an hour if we left him a message, always managed to make time for us, and responded promptly to our every request. A couple of times, he told us that he couldn't do something at a specific time because he was doing a walk-through or a showing, etc., but he would make sure that it got done. Talking to him always left us with the impression that we were his most important clients, even though he had lots of listings and our house was on the low end price-wise. On the other hand, when we were looking to buy in a different town, we went on some showings with an agent who had been highly recommended by a friend. We got into her car, and before we could get to the first showing, she got a call to show a house that she had listed (not one that fit our needs). Apparently, the sellers were insisting that she be there for every showing. She apologized profusely for the inconvenience, but as the house was only a few minutes away and we like looking at houses, we said it was fine. Having recently sold our own house and experiencing damage caused by thoughtless buyers and their indifferent agents, I definitely understood the seller's wishes! We waited at the other house while she showed it to the prospective buyers. It didn't take long, and we were soon on our way to the first house on our list. However, while we were at our first showing, she got another call to show her listing, and told us that we would be going back. By this time, we were 20 minutes away! We were pretty annoyed, but we really wanted to see the other houses on our list that day, so we agreed to it again. The third time she got a call to show the same house, we told her just to bring us back to our car at her office. I don't know if she made a sale to anyone who saw her listing that day, but she definitely didn't make one to us!...See MoreI think I found my dream home! (pic and questions)
Comments (29)I was in exactly your situation two years ago. We weren't really looking, but then found a house that was unique (it had won a major architecural award), and was perfect for us. And we knew it was not going to stay on the market long. We put in a full-price bid contingent on selling our house, and lost out to someone who made a full-price offer with no contingency. A week later our realtor called and told us the successful bidder had left the country on a business trip, and had not completed the deal before leaving. The seller was willing to cancel the winning offer and let us have it...if we went with no contingency. We decided to say 'yes,' even though we did not have our own house on the market. The only saving feature was that the house was being leased and the lease had 3 months to run before we had to close. We put our house on the market on November 1st and got an offer in the first week...that fell through. We got another offer in December...that fell through. We moved into the new house in January, with our old house still on the market. Even though the market was hotter 2 years ago, Thanksgiving, Xmas, and the first months of the year are not a good time to try to be selling. To make a long story short, it took 2-1/2 months after we moved to sell our old home, and it only sold because we agreed to come down in price by about 8%. Fortunately, we had no mortgage on the old home, but all of our equity was tied up until we sold. We had to take out a humongous interest-only bridge loan, and had about $2300 going out the door in payments each month for the privilege of owning two houses. In addition, we had utility payments and property taxes to pay for both houses, and had to drive across town to check on the old one a couple of times a week to clean up muddy footprints, clean sinks that had been used and left dirty, lock doors that had been left unlocked, and turn down the heat that had been cranked up. So how do we feel in retrospect? Great! We are really glad we did it, and still love the new house. It was nerve-wracking to have a huge (temporary) mortgage that we had to pay for out of savings, and it was annoying to have to keep checking up on the old house. But it was worth it. As long as you know what you might be getting into, go for it. Just have a backup plan. If the seller doesn't take a contingency offer, are you prepared to make another offer that's not contingent? (You could make an offer that is not contingent, but gives a closing date several months off.) And how long are you able to handle having two houses, both financially and emotionally?...See MoreHU-953492282
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