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re: What am I in for when I sell my house
Posted on 3/31/23 at 8:56 am to Gee Grenouille
Posted on 3/31/23 at 8:56 am to Gee Grenouille
Their inspector will say the buyer needs $50,000 off the price for repairs
Yours will say $5,000
Yours will say $5,000
1
Posted on 3/31/23 at 9:04 am to Summerchild
quote:
Leaving Bogalusa? Kudos.
Don't want to but the wife and kids want to be closer to where they go to school. I made a deal that if we could downsize I would move. They agreed so we're doing it.
Posted on 3/31/23 at 9:11 am to TexasTiger89
quote:
Is it a good idea to hire your own inspector as the seller to find out what is wrong up front?
No. Then you may have to legally disclose all issues found.
Let be buyer find the issues.
Posted on 3/31/23 at 9:12 am to The Boat
quote:
Their inspector will say the buyer needs $50,000 off the price for repairs
Yours will say $5,000
the inspection is for the lender and to determine the present condition of the house, if it isn't structural or mechanical it's pretty much trivia, but, everything's negotiable, and all of this is haggled out before closing, with exceptions of course
Posted on 3/31/23 at 9:19 am to Gee Grenouille
Moving...
Posted on 3/31/23 at 9:24 am to Gee Grenouille
Expect the push from realtor/buyer for you to repair or replace as much as they can get you to do. Depending on the overall situation you still have the choice to say "no".
Posted on 3/31/23 at 9:58 am to Gee Grenouille
Don't waste your money on an inspection now. Whomever the buyer gets, will still fill up an inspection report with findings anyway. I left some easy things visible in my last home sale. Sure enough, the inspector found them and I spent 30 minutes fixing them. There were other things he found as well, but I agreed on fixing some, but not the others. Worked for me.
Posted on 3/31/23 at 10:08 am to slacker130
quote:
Whomever the buyer gets, will still fill up an inspection report
Exactly right. The inspector is paid by the buyer and WORKS FOR THE BUYER. They are also required by their license to list every single thing they find that could later cause an issue.
Their liability insurance also requires this as a CYA against further lawsuits of negligence.
Posted on 3/31/23 at 10:16 am to Gee Grenouille
Be very careful wiring money. We almost got screwed out of a $200k down payment. Our realtor got hacked and someone created her email address that at first glance looked correct but turned out to have replaced an "l" with an "i" They gave us some BS by txt message at 4:30pm on a Friday and said the deal would be terminated by the seller unless we wired the money. We freaked out and couldn't get hold of anyone and almost wired it. I caught the email error at the last minute. I remember the mortgage broker saying never ever do a wire unless you are on the phone with your bank and its not being done from a txt or email.
As far as moving, just rent a truck, get some friends and do it yourself. Get a Penske truck through Home Depot...F Uhaul. They are not required to have the truck available the day you rent. Not sure how they get away with that, but whatever. We had several quotes from movers that were anywhere from $12-28k to move from ATX to COS. Gtfo...
Moving sucks. Good Luck
As far as moving, just rent a truck, get some friends and do it yourself. Get a Penske truck through Home Depot...F Uhaul. They are not required to have the truck available the day you rent. Not sure how they get away with that, but whatever. We had several quotes from movers that were anywhere from $12-28k to move from ATX to COS. Gtfo...
Moving sucks. Good Luck
Posted on 3/31/23 at 10:24 am to TheDeathValley
It’s crazy what some buyers are interested in. The last house we purchased we asked for some of the patio furniture and they politely declined. Lol
Posted on 3/31/23 at 10:33 am to VanJoe
quote:
Request pre-approve loan letter from the bank from potential buyer.
Not worth the paper it is written on. Our last house was under 5 different contracts before selling. Everyone had a "Pre-Approved" letter with an amount above the selling price, but the first 4 could not get financing. Banks/lenders need to educate themselves on what pre-approved means before providing such letters. Oh, and if they can't get financing you don't get to keep the earnest money.
Posted on 3/31/23 at 10:33 am to VanJoe
ETA: Triple post before the double
This post was edited on 3/31/23 at 10:35 am
Posted on 3/31/23 at 10:33 am to Gorilla Ball
quote:
It’s crazy what some buyers are interested in. The last house we purchased we asked for some of the patio furniture and they politely declined. Lol
built a house in FL a few years back, had some beautiful custom made ceiling fans made for some of the rooms, wife took our daughter to Chicago get settled into college and I listed the house(we were about to move to TX,) the wife said she wanted to take the fans down and replace them so we could take them with us, the realtor came over and took pics for a virtual tour the day before she left, within in an hour of the house being listed/virtual tour available she called me and said she had a buyer willing to pay asking price, cash, and wanted a quick close but stipulated that the fans stay with the house, I still hear about those fans almost 17 years later
Posted on 3/31/23 at 10:33 am to VanJoe
ETA:
Double post
Double post
This post was edited on 3/31/23 at 10:35 am
Posted on 3/31/23 at 10:35 am to Gee Grenouille
The listing and showings are the worst. We were lucky when we sold in 2021. We listed the house on Friday and went out of town for the weekend. When we returned Sunday night we had 30 offers (19 over list price). We accepted an offer 65K over list and didn't have another showing.
The inspections are a big deal. If you can limit them to only major items, that is helpful. Some can nickel and dime you to death.
The inspections are a big deal. If you can limit them to only major items, that is helpful. Some can nickel and dime you to death.
Posted on 3/31/23 at 10:36 am to ShermanTxTiger
quote:
The inspections are a big deal.
not at all, at least not in my experience
Posted on 3/31/23 at 11:00 am to Gee Grenouille
Send me an email at my username @gmail.com and I’m happy to answer any questions you have. Realtor in the area and happy to help whether I get the business or not.
Posted on 3/31/23 at 11:35 am to Gee Grenouille
Just closed yesterday. Here’s my experience.
1. Got house ready for professional pics. Weeding flower beds, pressure washing, staining columns, etc. basically spring cleaning.
2. Realtor listed house and instantly had interest in showings. You have to be ready to show at any time of day. Had ~4 showings the first day(a Thursday). With plenty more lined up for the weekend.
3. Had a full price offer within 4 hours. Accepted offer and house officially went to “pending”. Scheduled inspection.
4. Inspection came back and had quite a few list items to fix. Note: buyer has 10 day inspection window to negotiate repairs and back out of contract with no repercussions (deposit returned).
5. Original buyer backed out within 10 day inspection window. House went back on the market.
6. Had to get ready for more showings, luckily this only lasted 2 days. Had new contract ~$10k less than asking with only $1500 due at closing.
7. Accepted contract. Started whole process over.
8. Inspection came back with the line items that I fixed myself.
9. Appraisal was scheduled and passed.
10. We packed up our entire house in 2 large PODs with help of moving company ($1,700) 2 days before closing.
11. We closed yesterday and netted $140,000 after realtor and misc. closing costs.
1. Got house ready for professional pics. Weeding flower beds, pressure washing, staining columns, etc. basically spring cleaning.
2. Realtor listed house and instantly had interest in showings. You have to be ready to show at any time of day. Had ~4 showings the first day(a Thursday). With plenty more lined up for the weekend.
3. Had a full price offer within 4 hours. Accepted offer and house officially went to “pending”. Scheduled inspection.
4. Inspection came back and had quite a few list items to fix. Note: buyer has 10 day inspection window to negotiate repairs and back out of contract with no repercussions (deposit returned).
5. Original buyer backed out within 10 day inspection window. House went back on the market.
6. Had to get ready for more showings, luckily this only lasted 2 days. Had new contract ~$10k less than asking with only $1500 due at closing.
7. Accepted contract. Started whole process over.
8. Inspection came back with the line items that I fixed myself.
9. Appraisal was scheduled and passed.
10. We packed up our entire house in 2 large PODs with help of moving company ($1,700) 2 days before closing.
11. We closed yesterday and netted $140,000 after realtor and misc. closing costs.
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