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Message
Selling A House Now
Posted on 3/16/20 at 3:49 pm
Posted on 3/16/20 at 3:49 pm
So I’m currently trying to sell my house. Considering building but needed to sell first.
Am I insane for trying this now with all this crazy shite going on? My concern is I sell quick and then the world shuts down and my house doesn’t get built in a reasonable amount of time. Then I’m stuck in a worse situation in a rental property that’s likely considerably more expensive than I’m paying a mortgage right now on and I’m not building equity.
This sucks
Am I insane for trying this now with all this crazy shite going on? My concern is I sell quick and then the world shuts down and my house doesn’t get built in a reasonable amount of time. Then I’m stuck in a worse situation in a rental property that’s likely considerably more expensive than I’m paying a mortgage right now on and I’m not building equity.
This sucks
5
Posted on 3/16/20 at 3:57 pm to elprez00
Do you live in an area that heavily relies on oil/gas income?
Posted on 3/16/20 at 4:09 pm to Oddibe
No not really. And my income is not affected by any of this
Posted on 3/16/20 at 4:16 pm to elprez00
i need to sell my house next month but no clue how we are getting it show ready with 2 young kids home and wife not wanting outsiders to come in and infect our shite
Posted on 3/16/20 at 4:27 pm to CE Tiger
i just accepted a big offer on my house yesterday and am wondering if i have anything to worry about as well since they are using financing. they've already got a pre-approval for 20% and we just signed a contract.
Posted on 3/16/20 at 4:54 pm to elprez00
It's a sellers market. If your buyer is going to have a job over the next few months.
Going to be putting mine up for sale soon, my build should be done in July/August. I am worried about a recession both for selling my home for a good price, and finishing my build and getting a good mortgage rate.
Going to be putting mine up for sale soon, my build should be done in July/August. I am worried about a recession both for selling my home for a good price, and finishing my build and getting a good mortgage rate.
Posted on 3/16/20 at 6:31 pm to TexasTiger34
quote:
i just accepted a big offer on my house yesterday and am wondering if i have anything to worry about as well since they are using financing. they've already got a pre-approval for 20% and we just signed a contract.
Not many red flags in that statement unless "big offer' is much more than the appraisal.
Posted on 3/16/20 at 8:23 pm to kywildcatfanone
quote:
It's a sellers market. If your buyer is going to have a job over the next few months.
Doesn't that make it a buyer's market then? Smaller pool of buyers and a savvy buyer potentially knows that. 
Posted on 3/17/20 at 8:24 am to gobuxgo5
that's kinda what i thought... fingers crossed on the appraisal
Posted on 3/17/20 at 9:58 am to elprez00
We're in the same boat with selling and building. I have a family member who is a real estate agent, and her very busy schedule is clearing up quick. She has had contracts cancel, people who are selling decline to show to buyers because they don't want people in their house, all kinds of issues cropping up. We are moving into our rental, then listing our place when it's vacant and will see how it goes. I'm considering keeping my office in this house to work, so that'll be the extent of what we have here besides boxes in the garage that I can move nightly if we get under contract.
Posted on 3/17/20 at 1:43 pm to elprez00
In the permit stage here of building here.
Wondering how the building material supply chain will be affected.
Wondering how the building material supply chain will be affected.
This post was edited on 3/17/20 at 6:05 pm
Posted on 3/17/20 at 2:44 pm to elprez00
I put a contingent offer on a house March 1st, house hitting the market tomorrow. Going to be one hell of a ride!
Posted on 4/3/20 at 7:37 am to BayouBengalRubicon
update: house sale fell through. buyers backed out due to "personal" reasons they wouldn't disclose(they probably lost their jobs).
we've moved on to a backup offer that is unfortunately contingent on the sale of their house... i these trying times.. good luck to us and them i guess
we've moved on to a backup offer that is unfortunately contingent on the sale of their house... i these trying times.. good luck to us and them i guess
Posted on 4/3/20 at 7:49 am to TexasTiger34
Whatever you do, do not pull up that for sale sign no matter how many offers you get. Show that house up to the day of closing. shite happens all the time.
And with your current offer, make sure there is a timeline on there for them to sell their house. 30 days or something. But keep showing the house and get more offers. Been there twice
And with your current offer, make sure there is a timeline on there for them to sell their house. 30 days or something. But keep showing the house and get more offers. Been there twice
Posted on 4/3/20 at 9:48 am to Ron Cheramie
yea, that's the plan right now. we have a 3rd backup offer we're stringing along too but there offer is also contingent on house sale
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