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Old 06-01-2016, 11:22 AM   #61
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If not selling your house doesn't keep you from leading the life you want to have right now, why not take it off the market for a few months? But if you're looking forward to that future life in another place, you might consider that you're losing a few months of it by waiting.

We live in the only house we ever bought so have never sold a home and might leave that to the kids one day, but I have plenty of friends who have sold several times. The most successful were the ones who were ready to sell. They did not worry that they might have gotten a higher price. Others put their house on the market either to just see what it might bring or were married to a certain price. Their houses never sold.
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Old 06-01-2016, 01:25 PM   #62
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It is tough to add any value since everything has been mentioned already about selling.

Let me take a different tack. How badly do you want to move to OR? Will it be easier or harder in five years? I have sold two homes recently. One was a tear down. We had a realtor open house and invited bids 3 days later. 3 bids and the realtor went back to the low ones saying they were low and would they like to improve them? They declined and the high bidder was selected. The winning bid was 5% over asking.

The other was old and in need of renovating. The realtor said to leave it alone. We sold it as is for 10% below what new construction was going for in a week.

I don't think there is any one formula. One that has not been mentioned is sale and lease back. You sell the property to them and agree to lease the house for X years while they save up for the tear down/new build. This keeps their costs down so they can save.

(If you are concerned about being out of the market, buy a REIT that has properties in OR.)
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Old 06-01-2016, 05:49 PM   #63
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I am in the camp that if your realtor has the great reputation for moving property, I would "test" him with the challenge, "please tell me what we must do to move this property in the next X days"? The shorter the time, probably the lower the price but at least you can get some idea of the time/money trade-off.
I would probably also check out the other listings he has in his book and see to what degree you are getting your fair share of his time and effort.
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Old 06-01-2016, 06:21 PM   #64
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Yes, but heat and electric are not legit carrying costs, you have to pay that no matter where you live, even property taxes, if you are going to go buy another house that one will have taxes on it as well.Of course if you already bought another house it is double carrying costs.....
If you re-read my post you will see that we had already moved to another home so heat and electric (and property taxes) were legit carrying costs in our situation since by selling early we avoided those costs.... but you make a valid point that they may not be to the OP.
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Old 06-01-2016, 06:48 PM   #65
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I am in the camp that if your realtor has the great reputation for moving property, I would "test" him with the challenge, "please tell me what we must do to move this property in the next X days"? The shorter the time, probably the lower the price but at least you can get some idea of the time/money trade-off.
I would probably also check out the other listings he has in his book and see to what degree you are getting your fair share of his time and effort.
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I have no doubt that I could sell it in a week if I dropped the price dramatically. When I asked this realtor why he charged the full 6% commission on a much more expensive property, he said he would deliver more net cash than a lesser agent. This is his opportunity to prove it or make nothing.
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Old 06-02-2016, 12:26 PM   #66
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...When I asked this realtor why he charged the full 6% commission on a much more expensive property, he said he would deliver more net cash than a lesser agent. This is his opportunity to prove it or make nothing.
Ouch......, and I feel I was overcharged when I paid 5% , as I later easily found regular big company full time agents (not discount) that would do it for 4% and one sounded really good, knowing the market.

My contract also had a clause that said after the 90 days, if I went with a cheaper one, I had to pay the original one the difference up to the 5%. Later I realized how stupid it was for me to accept that clause.
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Old 06-07-2016, 10:54 PM   #67
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45 days? Move it here. Houses here sell in about 45 minutes.

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Old 06-08-2016, 08:07 AM   #68
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45 days? Move it here. Houses here sell in about 45 minutes.
Can I borrow your magic wand for a day? I have a few other issues to deal with, as well.
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