Just sold my house
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    Just sold my house

    2 days on the market...full price. Not bragging, just happy!

    Melancholy day when we move. The kids have never lived anywhere else. It's too small and it's past time to go but it's got 16 years of memories.

    Of course, something can still go wrong with inspection/appraisal.



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    Re: Just sold my house

    Appraisal not so much really, but inspection could cost you some money as you may have to replace things like siding, outlets, radon removal, leaky pipes, etc. Congrats though and best of luck at your next house. I am scared for when we try to sell our house. We want out so bad, but I have the feeling we will lose big time on it.



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    Re: Just sold my house

    Quote Originally Posted by Cydkar View Post
    2 days on the market...full price. Not bragging, just happy!

    Melancholy day when we move. The kids have never lived anywhere else. It's too small and it's past time to go but it's got 16 years of memories.

    Of course, something can still go wrong with inspection/appraisal.
    I'm jealous. We just put our place on the market this week. Hope your karma rubs off on all CFers. Congrats.


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    Re: Just sold my house

    Congrats! I hated the inspection part though.



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    Re: Just sold my house

    Good for you. Took me 6 months to get mine sold a couple years ago and we sold for about $20,000 less than we started at, but was glad to get out from under it. There have been some houses in that area that are still for sale.

    Glad I'm not in that market now. My guess is I'd struggle to get what we paid for our new house. Will likely be 20 years before we're selling again, so inflation should help us out by then.



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    Re: Just sold my house

    It was pure luck with the buyer imho. Right people at the right time. I did stage the hell out of it though. It was built in 1956 so the inspection has me nervous. I may have some roofing costs before this is over with. It's all mentally anticipated so I'm OK with it.

    My oldest is already sad even though she's been bugging me to move. It's good to see that a teenage girl has a heart.



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    Re: Just sold my house

    Quote Originally Posted by State43 View Post
    Appraisal not so much really, but inspection could cost you some money as you may have to replace things like siding, outlets, radon removal, leaky pipes, etc. Congrats though and best of luck at your next house. I am scared for when we try to sell our house. We want out so bad, but I have the feeling we will lose big time on it.
    A home should never be considered an investment.

    Also...why do you want out? I've always been of the opinion the quickest way to build financial security/wealth is to keep the same job and keep the same house. Working well for me so far.



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    Re: Just sold my house

    Quote Originally Posted by isuno1fan View Post
    A home should never be considered an investment.
    ???
    What about a house as an investment?



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    Re: Just sold my house

    Quote Originally Posted by Cydkar View Post
    Of course, something can still go wrong with inspection/appraisal.
    congrats

    anything minor on the 'inspection' try to handle outside the loan process (as long as it's minor and repairs needed not noted with the appraisal)

    If it's something that can't be corrected in time by closing, compensate the buyer with an agreed upon $$ amount in lieu of repairs made (i.e., $200 check, handed over to buyer at closing-- outside of loan process)

    Keep references to any minor repairs OFF OF ANY PURCHASE AGREEMENT OR ADDENDUMS

    This will only delay the buyers' loan underwriting and muddy-up the process.



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    Re:Just sold my house

    I'll keep that in mind! Good stuff.



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    Re: Just sold my house

    Quote Originally Posted by isuno1fan View Post
    A home should never be considered an investment.

    Also...why do you want out? I've always been of the opinion the quickest way to build financial security/wealth is to keep the same job and keep the same house. Working well for me so far.
    We just made a bad choice. We were tired of looking and didn't think it through. Neighborhood is sketchy, small kitchen with little storage, small bedrooms, small closets, one full bath and the garage is connected to house but the garage door is the only way in and out... We wanted the tax credit and we were first time home buyers.
    I think we were distracted by the nice glassed in sunroom, sliding walkout from master bed to deck, and pretty well updated features like new windows, appliances, furnace, roof, etc.
    Overall, nice house but small where you want big and big where you want small.



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    Re: Just sold my house

    My parents just moved out of the house my siblings and I grew up in. They lived there for 34 years; moved in right after they got married. Tons and tons of memories, so it was pretty said. It will be good for them though. They deserved to do something for themselves after sacrificing for my siblings and I for many years.



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    Re: Just sold my house

    Quote Originally Posted by swarthmoreCY View Post
    ???
    What about a house as an investment?
    Not to try to derail the thread (and I'm not an economist), but IMO this type of thinking is part of what caused the housing bubble and subsequent real estate market collapse. Too many people thought they could make too much money on "investing" in houses and selling them again for a profit in a short period of time. When too many people did this, prices artificially rose faster than could be supported by the market.



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    Quote Originally Posted by State43 View Post
    We just made a bad choice. We were tired of looking and didn't think it through. Neighborhood is sketchy, small kitchen with little storage, small bedrooms, small closets, one full bath and the garage is connected to house but the garage door is the only way in and out... We wanted the tax credit and we were first time home buyers.
    I think we were distracted by the nice glassed in sunroom, sliding walkout from master bed to deck, and pretty well updated features like new windows, appliances, furnace, roof, etc.
    Overall, nice house but small where you want big and big where you want small.
    This sounds all too familiar. We bought our house in Omaha right out of college 7 years ago, for about the same reasons. We out grew it in a hurry then decided to move back to Iowa. House still sits empty for sale and its been on the market a year. Not a fun time to be selling. Congrats to OP though! I'm jealous!



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    Re: Just sold my house

    A co-worker of mine just sold his house in west Omaha in 3 days and got full asking price as well.

    My boss recently moved to Omaha from Arkansas and has been house hunting for a couple months now. They are having a hard time finding a house because many of the houses they want to see are selling before they get a chance to see them.

    Sounds like the housing market in Omaha is doing ok. Of course, all of these houses I'm talking about are fairly new and in western part of Omaha, so that may skew the overall picture.

    EDIT: just read the post above mine, I'm sure this gentleman will disagree with me.



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