Monday, December 24, 2012

Homeless and happy about it

In March 2012, after almost a year on the market, we sold our home of 10 years. It was hard to swallow the reality of the sad, sad state of the real estate market (much of the year was spent coming to grips with how much our home value had declined and figuring out how little we could sell for and still go).

To save money, we didn’t use a listing agent, but paid a few hundred dollars to a flat rate broker to list us on the MLS. If we had used someone, it would have been our friend Morgan, the hardest working agent in the business. But 6% is a sizeable chunk of change that we weren't ready to part with without at least trying on our own. Being on the MLS also got our home onto the major real estate web sites. We created a website with tons of pictures. We built a fancy custom “for sale” sign and refilled the flyers every few days (I swear it was either a competitor or the manager of the local Kinko's swiping those things).
We painted and primped until everything was perfect. We spent an hour or two before every showing to clean and straighten inside and out (that was interesting with two little boys tearing around). We put together a detailed information packet with a list of improvements, a floor plan, room dimensions, utility costs, and a letter to potential buyers about the house and why we were selling.  It was a totally flawless marketing plan...that resulted in jack squat due to the worst real estate market the universe has ever seen.

But, finally, we got an offer that resulted in a contract. And, by an improbable sequence of events better left for a post on its own, we were able to close.  Best of all, thanks to some bargain basement pricing, the new buyers bought the house with almost everything in it--furniture, dishes, glasses, art work, and even some of the wine. Now all we had to do is find a boat. How long could that take?

1 comment:

  1. Don't know if you're doing it on pupose, but your blog isn't allowing comments. Either that, or you really don't like what I have to say!

    Keep them coming! Intersting! Hope you Christmas was Merry!


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