Started By
Message

Proper steps to selling a house?

Posted on 8/10/14 at 7:56 pm
Posted by House_of Cards
Pascagoula, MS
Member since Dec 2013
3927 posts
Posted on 8/10/14 at 7:56 pm
I am 27. Bought my house last year, but know this is my last year here. I have a job in waiting and will be moving after July 2015.

What are some steps I should be looking into now - if any - to help me make this transition as smooth as possible?
Posted by Mr Gardoki
AL
Member since Apr 2010
27652 posts
Posted on 8/10/14 at 8:38 pm to
Find a good Realtor
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48868 posts
Posted on 8/10/14 at 8:49 pm to
Realtor
Then wait
Posted by tiger91
In my own little world
Member since Nov 2005
36702 posts
Posted on 8/10/14 at 8:59 pm to
Clean, declutter, fix what may need to be fixed ie general maintenance. Keep the yard mowed/flower beds kept up ... curb appeal is a good thing.

And yes, to find a good realtor.
Posted by guttata
prairieville
Member since Feb 2006
22504 posts
Posted on 8/10/14 at 9:06 pm to
Get a termite inspection.
Posted by theoldwiseone33
University of Louisiana
Member since May 2012
492 posts
Posted on 8/10/14 at 9:08 pm to
What location?
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48868 posts
Posted on 8/10/14 at 9:35 pm to
quote:

Get a termite inspection


As a seller make the buyer do this unless they make it part of their closing demand

If you find out you hace termites then you have to disclose

So best not worry about it
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 8/10/14 at 10:13 pm to
Why not go ahead and sell now? It will take 60 days to close and you can find a cheap rental.

And sell it yourself. We'll all help.
Posted by House_of Cards
Pascagoula, MS
Member since Dec 2013
3927 posts
Posted on 8/10/14 at 10:29 pm to
I think selling now with school just starting back may be tough. No time. Id prefer to put it up for sale by May before I move to Oxford.
Posted by ItNeverRains
37069
Member since Oct 2007
25363 posts
Posted on 8/11/14 at 6:10 am to
quote:

It will take 60 days to close


I'm curious how on earth you got this number? If someone is bringing cash offer no contingencies they can close in a week. Most conv are closing under 30 days, even FHA's with repairs don't usually take 60.

To OP - declutter, depersonalize, make the house feel big but define every space. Make almost all cosmetic repairs but leave a few things for their inspector to find.
This post was edited on 8/11/14 at 6:12 am
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65419 posts
Posted on 8/11/14 at 6:10 am to
If you have a septic system, you'll need to have evidence it was serviced in the prior calendar year before a sale (in some jurisdictions). You could hire a home inspector now to look at your entire house and grounds and then you'd have the luxury of the interim to repair any items at relative leisure.

Kudos to you for looking this far down the road.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35462 posts
Posted on 8/11/14 at 7:12 am to
quote:

You could hire a home inspector now to look at your entire house and grounds and then you'd have the luxury of the interim to repair any items at relative leisure.


This is a good idea.
Posted by Vandyrone
Nashville, TN
Member since Dec 2012
6950 posts
Posted on 8/11/14 at 7:45 am to
Remove as many taste-specific items or features to appeal to as large a market as possible. Stage the house when you list it.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72356 posts
Posted on 8/11/14 at 8:21 am to
quote:

It will take 60 days to close


no it won't.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
27429 posts
Posted on 8/11/14 at 8:32 am to
quote:

Make almost all cosmetic repairs but leave a few things for their inspector to find.


We are listing our house today. Can you elaborate on the reasoning for this?
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 8/11/14 at 8:57 am to
I did without a realtor for my last sale. Didn't want the hassle of showings, ads, people cruising by and peering into the windows. Priced it right and put the word out in the hood...showed it to exactly two people and the second one bought it. I'm not anti-realtor, I just don't think they're always necessary. Depends on your area & demand in your neighborhood.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8360 posts
Posted on 8/11/14 at 9:41 am to
quote:

I did without a realtor for my last sale. Didn't want the hassle of showings, ads, people cruising by and peering into the windows. Priced it right and put the word out in the hood...showed it to exactly two people and the second one bought it. I'm not anti-realtor, I just don't think they're always necessary. Depends on your area & demand in your neighborhood.


+1 on this. I simply started telling my neighbors I was selling my house and had multiple interested people looking at it. Sold it to the brother of a neighbor 5 houses down. It's worth trying before you pay someone 6%.
Posted by member12
Bob's Country Bunker
Member since May 2008
32060 posts
Posted on 8/11/14 at 12:14 pm to
quote:

I am 27. Bought my house last year, but know this is my last year here. I have a job in waiting and will be moving after July 2015.

What are some steps I should be looking into now - if any - to help me make this transition as smooth as possible?


I'm in a similar boat right now. I've owned this home for 3 years, and I have an estimated $33,000 in equity right now. It needs a new roof, and I'm debating if I should spend about $6700 right now or not to do that. I'm really not sure if I'd get that back or not. We are starting to repaint some rooms to more neutral colors and I'm trying to keep the landscaping and lawn in good shape, and we are going to refinish the garage floor as well. After what I imagine is going to be $13,000ish in realtor fees and a new roof, I'm not sure how much will be left for me to contribute to a down payment on a new place.

I really wanted to stay here long term, but my wife's career is going to move us far away next year.

This process makes me sick to my stomach. I feel queasy just thinking about it, and I've lost some sleep over it.
This post was edited on 8/11/14 at 12:20 pm
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 8/11/14 at 1:16 pm to
quote:

I'm in a similar boat right now. I've owned this home for 3 years, and I have an estimated $33,000 in equity right now. It needs a new roof, and I'm debating if I should spend about $6700 right now or not to do that. I'm really not sure if I'd get that back or not. We are starting to repaint some rooms to more neutral colors and I'm trying to keep the landscaping and lawn in good shape, and we are going to refinish the garage floor as well. After what I imagine is going to be $13,000ish in realtor fees and a new roof, I'm not sure how much will be left for me to contribute to a down payment on a new place.

I really wanted to stay here long term, but my wife's career is going to move us far away next year.

This process makes me sick to my stomach. I feel queasy just thinking about it, and I've lost some sleep over it.

So don't replace the roof. Is it actively leaking? If so, patch those spots. But don't replace the whole thing if you're getting ready to sell...

And start doing the word of mouth thing: tell every person at your gym, church, office, etc. that your house is for sale. Tell the neighbors on all sides that you're selling, and you want to try it without a Realtor. If they help you, it's a chance to pick the new neighbors.

Make a simple flyer w/a few pics, basic stats, and asking price. Make a PDF of the flyer so you can email/text it to people who ask about it. Marketing an appropriately priced house in a decent area isn't exactly rocket science. Making sure you've priced it right is the only tricky part: do a Trulia/Zillow search and find out what sales in your area are doing.

Sounds like your sleep loss & queasiness are more about the larger relocation than about real estate sales.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8360 posts
Posted on 8/11/14 at 1:56 pm to
quote:

It needs a new roof, and I'm debating if I should spend about $6700 right now or not to do that. I'm really not sure if I'd get that back or not.


It may have some impact on an appraisal. 1. If it's leaking can you fix it? 2. How bad does it look? If it doesn't look bad and it's not leaking then try and sell it minus the investment.
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram