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-   -   Selling my house. (http://www.insidehoops.com/forum/showthread.php?t=469056)

UK2K 06-18-2019 12:52 PM

Selling my house.
 
Went on the market yesterday morning. Had 5 showings and two offers yesterday afternoon. One guy offered me 3% below list price. I'm inclined to take it but considering it's been on the market less than a day, I may hold off.

Honestly I'm just kind of over it, and either way, I'll be pocketing over $30k after all is said and done.

Wife wants list price though, so... how do I politely tell her she's stupid?

Shogon 06-18-2019 12:58 PM

Re: Selling my house.
 
If you had five showings and two offers on the FIRST DAY then you’re the stupid one, not your wife, in all probability.

Unless your listing price is just way high or something.

DaHeezy 06-18-2019 01:16 PM

Re: Selling my house.
 
I wanna sell my condo. Bought for $250K 11 years ago. It's assessed at $615K now. I got a ton of equity in it. Housing market is kind of at a stand still here in Vancouver though. I might just use that equity to buy another property and use as a mortgage helper.

How's the market there?

UK2K 06-18-2019 01:28 PM

Re: Selling my house.
 
Quote:

Originally Posted by Shogon
If you had five showings and two offers on the FIRST DAY then you’re the stupid one, not your wife, in all probability.

Unless your listing price is just way high or something.


Perhaps, but we are talking about a 3% difference in price.

I get that some people would like to hold out for those few extra dollars, but I'm the type to take what I've got and be happy with it.

Especially considering we never planned on getting list price to begin with. We had always assumed 3% less, but because of the huge attention we got on our house day one, now she's being greedy.

DukeDelonte13 06-18-2019 01:30 PM

Re: Selling my house.
 
Do you trust your realtor?

If so ask them what they think. They should know the market very well. Be careful though. It's a highly unregulated industry and a lot of realtors just push you to close the deal regardless if its good for you or not, because a quick turnaround on a property is always a good deal for them.

UK2K 06-18-2019 01:30 PM

Re: Selling my house.
 
Quote:

Originally Posted by DaHeezy
I wanna sell my condo. Bought for $250K 11 years ago. It's assessed at $615K now. I got a ton of equity in it. Housing market is kind of at a stand still here in Vancouver though. I might just use that equity to buy another property and use as a mortgage helper.

How's the market there?


Fire.

I had requests for showings less than 20 minutes of it being listed. Have a 6th showing today (2nd viewing for someone who looked yesterday) and a 7th showing scheduled for tomorrow morning.

TheMan 06-18-2019 01:43 PM

Re: Selling my house.
 
Quote:

Originally Posted by UK2K
Fire.

I had requests for showings less than 20 minutes of it being listed. Have a 6th showing today (2nd viewing for someone who looked yesterday) and a 7th showing scheduled for tomorrow morning.

Sell it at list price or closer than your first offer, bro people are interested in buying your house, what's the rush? You gotta think like a Jew (no offense), don't look at it as pocketing 30k, look at it like they do that you're leaving thousands on the table :lol

Hold up a few weeks, if that many people are interested in your house, surely someone will offer the list price or close to it.

stalkerforlife 06-18-2019 01:47 PM

Re: Selling my house.
 
Getting a divorce?

Your wife sounds very mean and hard to deal with.

Long Duck Dong 06-18-2019 03:18 PM

Re: Selling my house.
 
Quote:

Originally Posted by Shogon
If you had five showings and two offers on the FIRST DAY then you’re the stupid one, not your wife, in all probability.

Unless your listing price is just way high or something.



I don't get the logic either. Unless it's a cash buyer that saves you the "hassle" of waiting a little bit and maybe jumping through a few small hoops...why wouldn't you wait?

I'd consider selling my house to a cash buyer for slightly less but nothing extreme. And again I might take a buyer with a conventional loan over an FHA/VA loan for slightly less as well

ItsMillerTime 06-18-2019 03:33 PM

Re: Selling my house.
 
I'm in the same housing market as you and sold my house in March. Had easily 10 showings in the first couple days. 6 offers came from those showings. Two people got in a bidding war and actually offered me $11K over asking price.

Be patient. Accept any and all showings on your house and you should receive a decent offer.

UK2K 06-18-2019 03:36 PM

Re: Selling my house.
 
Quote:

Originally Posted by stalkerforlife
Getting a divorce?

Your wife sounds very mean and hard to deal with.


Her father is a Jew.

Thus, why she wants to squeeze every dollar out of it.

Draz 06-18-2019 04:43 PM

Re: Selling my house.
 
Looking to invest into a condo and rent it out, but idk. By September I'll have $100k in excess unused cash. Idk wtf to do with it. I don't want to be so liquid. I have it in a savings collecting $148-160 a month but that ain't shit.

bladefd 06-18-2019 05:09 PM

Re: Selling my house.
 
Give it 7 to 10 days. Be patient.

Long Duck Dong 06-18-2019 05:14 PM

Re: Selling my house.
 
Quote:

Originally Posted by Draz
Looking to invest into a condo and rent it out, but idk. By September I'll have $100k in excess unused cash. Idk wtf to do with it. I don't want to be so liquid. I have it in a savings collecting $148-160 a month but that ain't shit.


It all depends on your market but I wouldn't feel the need to rush out and buy an investment property ASAP. There's very little chance home prices will rise significantly next year but there's a much better chance they will cool down next year. If the economy takes a hit and home prices see a definite downward trend, the more panicky home investors will start unloading properties causing a glut in the market bringing down home values even more.

bladefd 06-18-2019 05:17 PM

Re: Selling my house.
 
Quote:

Originally Posted by Draz
Looking to invest into a condo and rent it out, but idk. By September I'll have $100k in excess unused cash. Idk wtf to do with it. I don't want to be so liquid. I have it in a savings collecting $148-160 a month but that ain't shit.


Check out betterment.com. Put a fraction of it there and let it grow.. Up to you how much - maybe a third or half or something not too crazy. You don't have to touch it for a decade and just let it grow. I don't have that sort of money but if I had 1/10 of that in cash sitting around in bank, I would use betterment.


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