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What's the first step in selling a house?
Posted on 1/3/14 at 8:37 am
Posted on 1/3/14 at 8:37 am
I inherited my Grandmother's house in 2012 and I have decided to sell it. I'd rather not for several reasons but finances dictate that I do.
I am completely ignorant of how real estate sales go. Do I have it appraised first? Should I sell it myself? Call and agent and go from there?
The house isn't worth much as it is old and falling apart, but it's on 2.2 really nice acres in Folsom. I'd only like to get $50,000 or so from the sale I just don't know where to start. Thanks guys.
I am completely ignorant of how real estate sales go. Do I have it appraised first? Should I sell it myself? Call and agent and go from there?
The house isn't worth much as it is old and falling apart, but it's on 2.2 really nice acres in Folsom. I'd only like to get $50,000 or so from the sale I just don't know where to start. Thanks guys.
4
Posted on 1/3/14 at 8:43 am to OldSouth
Posted on 1/3/14 at 9:15 am to OldSouth
I'd pull the tax records and see what the house/land is assessed for. Then I'd ask a local realtor what they think property is worth. Simple logic says if you'd take 50k but a realtor can get you 55k, then you'd make more having someone doing all the work & paying a commission. Flip side is if you'll have capacity to do the work and think you can get the 55k without hiring realtor, go for it.
Posted on 1/3/14 at 9:30 am to OldSouth
How old is it, approximately?
Posted on 1/3/14 at 9:53 am to OldSouth
If you post some photos of the house and 2.2 acres, I might be interested in buying it. I'll pay cash so it would be a quick sale.
Or, you can send photos to: lsuruskie@yahoo.com.
Or, you can send photos to: lsuruskie@yahoo.com.
Posted on 1/3/14 at 10:55 am to C
quote:Thanks for the info, that looks like a hell of a lot of work. I built my own homw so I don't even know how to buy one.
LINK
Ask some of your friends for what to expect.
Posted on 1/3/14 at 10:56 am to ItNeverRains
quote:Kind of what I was thinking. I'm adding on to my own house right now so I don't have the time to mess with all the repairs.
I'd pull the tax records and see what the house/land is assessed for. Then I'd ask a local realtor what they think property is worth. Simple logic says if you'd take 50k but a realtor can get you 55k, then you'd make more having someone doing all the work & paying a commission. Flip side is if you'll have capacity to do the work and think you can get the 55k without hiring realtor, go for it.
Posted on 1/3/14 at 10:56 am to LSURussian
quote:
If you post some photos of the house and 2.2 acres, I might be interested in buying it.
The first step might be posting on the TD Money Talk.
Posted on 1/3/14 at 10:57 am to LSURussian
quote:60 yrs old but was built with wood from an older house.
How old is it, approximately?
quote:ReallY? Why would you be interested in it?
If you post some photos of the house and 2.2 acres, I might be interested in buying it. I'll pay cash so it would be a quick sale.
Or, you can send photos to: lsuruskie@yahoo.com.
Posted on 1/3/14 at 11:00 am to OldSouth
quote:
ReallY? Why would you be interested in it?
Playing hard to get. Interesting sales tactic...
Posted on 1/3/14 at 11:18 am to OldSouth
quote:I've been thinking about moving out of BR and building a house in the "country."
Why would you be interested in it?
I'm probably not interested in it, but since you're thinking of selling, it might be just what I'm looking for.
If you don't want to let me see photos of it, that's fine with me.
Posted on 1/3/14 at 11:22 am to C
quote:
Playing hard to get. Interesting sales tactic...
DHV broPosted on 1/3/14 at 11:29 am to LSURussian
quote:No, no problem at all! I was just curious. I'll try to post some in the next few days.
If you don't want to let me see photos of it, that's fine with me.
Posted on 1/3/14 at 12:23 pm to LSURussian
quote:
If you post some photos of the house and 2.2 acres, I might be interested in buying it. I'll pay cash so it would be a quick sale.
Well damn. I'm out.
Posted on 1/3/14 at 3:09 pm to Golfer
Don't go "out" too far away. There is only a small chance I will like what I see in the photos. It's a long shot to say the least.
Posted on 1/3/14 at 3:24 pm to LSURussian
This doesn't show a great view of the property, but here is a pic of OldSouth's grandpa hunting the land a long time ago...
This post was edited on 1/3/14 at 3:25 pm
Posted on 1/3/14 at 3:29 pm to Clyde Tipton
quote:I'd buy that land for $50,000, sight unseen. ("Oil, that is, black gold, Texas tea.....")
This doesn't show a great view of the property, but here is a pic of OldSouth's grandpa hunting the land a long time ago...
Posted on 1/3/14 at 4:43 pm to LSURussian
quote:
There is only a small chance I will like what I see in the photos. It's a long shot to say the least.
Yea, in a similar boat but mine wouldn't be cash
Posted on 1/3/14 at 5:09 pm to Clyde Tipton
quote:Minus the mustache, you have no idea how close that is.
This doesn't show a great view of the property, but here is a pic of OldSouth's grandpa hunting the land a long time ago...
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