calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Well, after one full year for sale a little rental house finally sold - just closed. We had advertised on Craigslist, tried the local paper, had a sign out - couldn't close a deal. A year ago a local Realtor had suggested $125k as a price - we demurred, feeling it was worth more like $140. Kept the gas heat and water on and the lights burning so it would be warm and bright for any showings. Installed new vinyl in the kitchen and laundry and hall, kept the lawn mowed and edged and the shrubbery pruned and leaves raked. Did about $3000 in repairs and updates. Back on August 31 we got an offer of $134K through another Realtor - a family doing a HUD loan and scooping up $8000 in Obamabucks. We signed on to provide closing costs, a worthless home warranty, a new roof and gutters, and some pest repair. Also said we would pay 3% to the Realtor. Bottom line, we ended up with maybe $118k after all repair, utility, commission and tax costs. Not bad. Might have done as well if we had gone with the Realtor a year ago, maybe we did $10k better by waiting.
The biggest thing is, this Realtor really earned his money. He dealt with the HUD office, dealt with the inspectors and appraiser, rounded up contractors and hustled bids for the work needed (and got better prices than I would have from my normal sources). He closed the deal.
Mostly I've been pretty dubious about spending the bucks on an agent if we're selling - in this case it was well worthwhile. Respect.
The biggest thing is, this Realtor really earned his money. He dealt with the HUD office, dealt with the inspectors and appraiser, rounded up contractors and hustled bids for the work needed (and got better prices than I would have from my normal sources). He closed the deal.
Mostly I've been pretty dubious about spending the bucks on an agent if we're selling - in this case it was well worthwhile. Respect.