Ravenous Wolf Posted April 28, 2005 Report Posted April 28, 2005 The realtor told me to use the first month of selling my house for the top selling price. Then in the second or third month, lower the selling price.I knew the price was too high because this was a new house, like I am selling it for 13k more than what the closing price was when it was built three years ago.Comparitively speaking, the house had some extra features than the rest of the houses of the neighborhood but jacking the price I thought I would have priced myself out of the market.Well, I got an offer. The buyer's agent and their inspector just checked out the house and everything looks like it will get appraised for that amount (it is a VA loan of the buyer so it is a bit more pickier).And the offer was just 12k more.So in other words, we were able to sell the house for a lot more than I thought we could.We emphasized those extra features. Our realtor was a bit of an airhead so we had to make our own fliers to put in the tube at the For Sale sign so that people would know what made our house different. And just right now, a couple knocked on our door and wanted to know if we were serious about the buyers who were buying our house. Apparently, they had our fliers for a long time and then decided to go ahead and get an agent to see about getting our house and then discovered that it is now in escrow.I was worried at first but now I am happy that I have a few people who are really interested at my house even at its price.
firstsource Posted April 28, 2005 Report Posted April 28, 2005 Good job. I had a boss for 25 years that always said that the only person that really knew what something would sell for was the person that bought it. So, always ask for more than what you want, and offer what you want, and when negotiating, and they say, "lets split the difference" agree. That is sort of what you did. Not half, but it was a split. Too bad for them that your way of splitting the pie gave you most of it.I am really excited for you. If you devote your entire profit to the purchase of your next home, you will not have to pay the higher rates associated with a 100% loan.Charles
kevin3344 Posted April 28, 2005 Report Posted April 28, 2005 (edited) The home that I bought was on the market one day. Had I not left work early to go look at it I probably would have missed it. Not only was it worth it financially, but I loved the layout of the house from the start. To top it off, the home next door went on sale the week before I closed for $5,000 more than I bought mine for - and not nearly as nice (nor does it have the curb appeal). From what I heard from the realtor, there were a LOT of people interested in my home but they couldn't do anything because it was already under contract.________Classaction Settlements Edited September 9, 2011 by kevin3344
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