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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?
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Re: Selling my house.
If you had five showings and two offers on the FIRST DAY then you
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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?
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Re: Selling my house.
[QUOTE=Shogon]If you had five showings and two offers on the FIRST DAY then you
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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.
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Re: Selling my house.
[QUOTE=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?[/QUOTE]
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.
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Re: Selling my house.
[QUOTE=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.[/QUOTE]
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.
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Re: Selling my house.
Getting a divorce?
Your wife sounds very mean and hard to deal with.
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Re: Selling my house.
[QUOTE=Shogon]If you had five showings and two offers on the FIRST DAY then you
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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.
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Re: Selling my house.
[QUOTE=stalkerforlife]Getting a divorce?
Your wife sounds very mean and hard to deal with.[/QUOTE]
Her father is a Jew.
Thus, why she wants to squeeze every dollar out of it.
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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.
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Re: Selling my house.
Give it 7 to 10 days. Be patient.
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Re: Selling my house.
[QUOTE=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.[/QUOTE]
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.
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Re: Selling my house.
[QUOTE=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.[/QUOTE]
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.