Skip to main content

Stressed seller looking for advice

Let me start by saying I know this is a terrible time to sell. My wife and I decided to cash out of the home we built together in AL (sold June 2021), and we used the proceeds from that sale to buy a historic home in another town 20 mins away in Columbus, GA. We thought it would be fun to live in old home. We knew it might not be someplace we'd stay in forever, but we wanted the experience.

The home was built in 1905, and there have been a few issues come up along the away. Old homes are like old people, they need more care. I didn't understand this when we bought the place. I'm already an anxious person, but this has pushed me over the edge. I work from home, and all I do is think about the house. Things that could be improved and potential issues I want to prevent. Was that spot on the ceiling always there? Do I need to replace that appliance now before it becomes an issue later? It's not a bad home, but it's too much for me. Almost 4,000 sq. ft. with a large front and back yard. I decided a few months ago it was best to end the experiment now, and move on. As I mentioned above, I know it's a terrible time to sell, but I'm doing it to retain my sanity. At this point in my life, I want to be able to travel for work as often as I need to, and not have to worry about the yard or an issue that I'd be leaving for my wife if something inside breaks.

We priced it $550k after purchasing it last year for $495k. I felt like $535k was a good place to start, but I trust my realtor. After having it on the market for two weeks, we've had one showing. I want what few buyers are out there to know we're serious, so we reduced the price to $525k at my request.

Was that a bad move adjusting the price so quickly? I'd also like to get a second opinion from another professional on pricing and details from the listing that might turn buyers off. I trust my agent, but in my line of work we always have someone else provide a review because collaboration yields better results. If that's not allowed on this sub, then I can remove the request. It really is a lovely home, and would be a great place for someone who can handle and value a historic property.

submitted by /u/whitlgr
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ybj6me/stressed_seller_looking_for_advice/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...