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Selling the house

March 19th, 2015 at 12:48 pm

Okay so I've meet with 2 realtors and 3rd tomorrow afternoon. I've also met with one painter and am calling 2 more painters today and tile guy. We decided we are going to aim to list our house April 29th. It's time.

Are we moving? Yes. Where? I have no idea. We are going to move cross country without a job. Unsure where exactly but that will likely become more clear in the next few months.

Financially one realtor, the one who sold us the house, said she'd list it at $699k and see what bidding war happens. A direct comp (townhouse on our street) sold in fall 2012 for $695k and the market is even stronger now, so getting $699k is very conservatively likely. This market is late this year because of the weather so we aren't missing the spring market though we're listing so late. There is nothing on the market now and if we were ready to sell next Wednesday we'd likely have a bidding frenzy. But due to the nature of getting ready we just can't.

Houses are selling like hot cakes in my market without mortgage contingencies or home inspections contingencies. This is a seller's market and we need to take advantage of what might be another bubble. We owe I believe $385k so if we sell for $700k after our realtor fees we'll walk away with $280k. In many areas of the country it's enough to buy a house. Where we want to move to, probably not. But it's a substantial down payment on whatever we want to buy. Of course when we move we aren't buying for at least a year.

6 Responses to “Selling the house”

  1. creditcardfree Says:

    I'm excited for you!

  2. CB in the City Says:

    Fingers crossed for you!

  3. LivingAlmostLarge Says:

    It's a crazy move and time but I think it's the right move.

  4. chloe Says:

    High risk, high reward, right? I'm excited for you that you'll be taking steps to do something you've been wanting to do for awhile now!

  5. MonkeyMama Says:

    Exciting! It must feel great to making that first step towards a big change.

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