How We Sold Our House Quickly in a Bad Real Estate Market

A Good House in Bad Times

By ParisRobin, published Aug 30, 2007
Published Content: 12  Total Views: 2,237  Favorited By: 17 CPs
Rating: 4.8 of 5
When we put our deposit down on a new house under construction more than two years ago, we knew the most important part of the moving experience was going to be selling our existing home, since like most people, we needed the cash from our old house to purchase our new home.

Several months before we put our house on the market, we critically evaluated our home to see what improvements we could make. Luckily, we had always kept our home in good shape, but now we really went through to see what we could do further to make our house look even more special.

We had painted a few years earlier, but we did touch-ups throughout, including floor mouldings and doors. We had the outside pressure cleaned and even replaced our existing roof, since we knew most people in Florida would be more likely to buy a twenty year old house if it had a new roof. We had recently renovated our kitchen, so that was already done. We freshened up our landscaping front and back, removing overgrown plants, trimming trees, and putting in fresh mulch and flowers in the flower beds.

Next, we uncluttered wherever we could. I went through all of my closets and drawers, throwing out or donating as much as I could. The less cluttered our closets, the more spacious our storage appeared. We thoroughly cleaned out and organized our garage. I went through the entire house weeding out things that might have made my house seem cluttered or dated.

When we were done, everything looked so much better that I wasn't even sure that I wanted to move anymore!

Next, we went about setting the marketable price for the house. We hired a private independent property appraiser for a fee of a few hundred dollars, so that we could get a fair idea of what our house was really worth in the existing market, not the market of a year or two earlier or what we had optimistically hoped it to be.We priced the house according to the appraisal with the expectation that we might have to be flexible.

How We Sold Our House Quickly in a Bad Real Estate Market
Neigborhood: Glen Isle
Location:
Coral Springs, FL 33071  USA
Comments
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I think the extra addendums and perfections truly made the difference. It is unfortunate that a double-move happened but it wasn't long since now you are in your new home. Thank you for sharing and eye-opening in preparation, us future new home-owners !

Posted on 11/11/2007 at 12:11:00 AM

 
Very well written with good inormation.

Posted on 09/15/2007 at 9:09:00 PM

 
Great article! It's easier to let go of a place if you like the buyers, isn't it? Our son recently moved from a too-small house to a much larger one, and his fear was not being able to sell the old house. We were prepared to help them with mortgage payments on the old one for a while, but it wasn't necessary. They went through their stuff at the old house, got rid of a lot of it, and then rented a storage unit to get even more of it out of sight. Then they repainted most of the house and got new floorcovering where necessary. It looked so nice they almost hated to move, but really needed more space. They were very fortunate in that their house sold for their asking price just as they were moving into the other one. And the housing market where they live is very bad, too. K.Ray, good luck on selling yours. It will happen.

Posted on 09/15/2007 at 7:09:00 PM

 
In today's market you were very lucky indeed. Good article and great advice.

Posted on 09/13/2007 at 8:09:00 AM

 
Kudos to you. You were so lucky to do this in a buyer's market and closed in 2 weeks, wow! Your advanced preparations and fix-ups really paid off :)

Posted on 09/11/2007 at 12:09:00 PM

 
Good job. I just sold 2 homes and am selling one more-the last was my Moms and is empty and being sold as a knock down at a very reasonable price

Posted on 09/08/2007 at 6:09:00 PM

 
You're very fortunate. I added a new granite sink and top-quality kitchen faucet, new carpeting in the family room/dining room, painted, and had everything in top condition, and even though the price was lower than it really should have been, in over six months only two people looked at the house and no offers came in. The real estate market in IN is terrible. This is a great article, and I'm happy for you, but people in my area can't hardly give their homes away. I can't imagine what will happen to the massive number of empty homes. They might as well tear them down and build apartments for all of the people who won't have a place to live. I for one never want another house. I'll invest my money elsewhere. I gave you five stars.

Posted on 09/07/2007 at 7:09:00 PM

 
Great info! The new roof does help!

Posted on 09/06/2007 at 1:09:00 PM

 
Great article!

Posted on 09/04/2007 at 10:09:00 AM

 
It's surprising how many people overlook these things when they make such a big difference. I'm glad it worked out for you, and so quickly!

Posted on 09/02/2007 at 2:09:00 AM

 
Excellent article! That was extremely quick! It's a good thing you were prepared. :-)

Posted on 09/01/2007 at 7:09:00 PM

 
Great info to share! I'm going to pass this onto my bro who's having a hard time selling his place.

Posted on 09/01/2007 at 7:09:00 PM

 
very informative article. Great tips. You were also well prepared for the difficult double move. Thanks for sharing this info.

Posted on 09/01/2007 at 3:09:00 AM

 
Again good luck:)

Posted on 08/31/2007 at 10:08:00 AM

 
Always good information when selling a house. We are doing the same things right now.

Posted on 08/31/2007 at 6:08:00 AM

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