HI Jym!
Hope the weather wont be too hot for you today.
btw- “Unless they are cash purchases you can’t charge more than the house will appraise for”
Is ONLY correct if the buyers are taking out a mortgage.
Waiting for an Appraisal to be done on Monday, I’m not sure the buyers will be able to make up any difference, if there is one. My realtor was worried at full asking price; I accepted 95% of full asking, so fingers are crossed.
Happy Wedding Jym!
“Jym, don’t take my words literally. I’m only half kidding on CC.”
And that is why you are so much fun, DrGoogle!
Happy wedding day, jym. Exciting! But stressful, I’m sure. Whew!!
Today is my 34th anniversary.
Its a good day for a wedding.
Congratulations to you, emerald! It is a very good day for a wedding. I’m going to my nieces wedding today, and my husband is going to his nephews. And it is a beautiful day for it.
Thats funny that they picked the same day.
Dont get stuck in traffc, lots of road closures in Seattle for the marathon.
Thanks for the warning. Maybe I’ll go I405, or even a back road to get there.
Thanks everyone. We are in the mountains, Menlo, so the temp is perfect
Happy anniversary ek
Jym, wishing you a most wonderful event.
And EK, bus, also enjoy the day.
Jym626, have fun today. Best wishes to everybody!
HAPPY wedding day, jym!!!
It was a blast.
Yeah!!! Glad that it went well Jym! I loved the pictures on FB. DD’s is in October, and we just emailed out Save the dates. We have a venue and nothing else, but hey, they are already married, so the rest is just wedding party, right? Time for the planning to begin…
@jym626, did you cry?
I have this bad feeling that I will do the ugly cry big time.
Congrats. You are officially a “Ma-in-law”!
There was not a dry eye in the house.
Jym626- mazel tov! The venue looked beautiful and I bet you rocked your MOG dress.
Hope it is ok to resurrect this thread for a real estate question.
We just moved my inlaws into a retirement community. They own two homes in markets very different than NYC and San Francisco. (This was a second marriage after they were both widowed. It is his home town, my mil moved there to marry him.) They have returned to her hometown, because the options were better.
Their primary home is in a small southern city with zero or negative population growth. When she purchased this home 20 years ago, this was the area that most people with $ lived in. Still soft of is, but our generation and younger ones simply aren’t returning home after they leave for school. Additionally, newer subdivisions have popped up in the suburbs with better public school options and people are living out there.
It has been on the market since January or so.
It is a lovely home, a bit dated, but mostly cosmetic changes. Huge lot, swimming pool, etc so the carrying costs are not insignificant. Price has been dropped once or twice but traffic is essentially non-existent. Lots for sale in the area, but mostly not as nice, but also priced less. And it is all sitting.
I use to think that you could sell anything at the right price – but now I am not sure. If there aren’t buyers, then what? Thoughts.
The second one should be a bit easier. Condo on the beach, Great location. But there are a huge number of similarly sized units up and down the area and this building is small, and this unit doesn’t have a perfect view. Realtor is convinced it is priced right but now has been on the market for Spring and Summer (it is on the Gulf coast which means that busy season generally ends when schools start in the South which is just about now).
It has never been a rental and there are some real advantages of simply selling it for less rather than turning it into a rental for them. We struggle with how to advise on this one because it is my step father in law’s and he is just dumbfounded that it hasn’t sold and is reluctant to acknowledge that the price isn’t right or that it needs updating. (Very emotionally invested here.)
We are worried because these two properties not selling are creating stress and anxiety for them at a time when a big change, a move to a different city and into a top notch retirement community have of course been stressful. If one would sell, it would be a big relief (in fact, if the house would sell, they might actually take the condo off the market until the Spring.)
Any thoughts about these situations?
Maybe have a couple of other real estate agents inspect properties and ask them to give you their informal opinions of what it will take to sell the properties. Tell them they don’t have to do a formal written market analysis…but just go over to houses when they have a chance and just phone you to discuss. Too, be sure to get latest opinion from present agent about price and if any thing is hurting property like condition…odors, funny carpet or paint color, etc. Tell other agents you are thinking about getting new agent for help. If price is main obstacle and your in-laws are skeptical about necessary lower selling price, maybe get a formal full blown appraisal from an appraiser for a few hundred dollars so your in-laws can see today values in black and white. The real estate market isn’t always fair, but it’s always accurate…price is biggest reason usually for property not selling readily.
It’s about location, if it isn’t in a great location, you probably have to adjust expectations.
I don’t think this house has been updated for decades if ever, and it probably will go for at least $100,000 over asking.
http://www.seattlepi.com/realestate/article/Real-Estate-Profile-Ballard-6410528.php#photo-8374693