As promised....

weedyacresNovember 5, 2013

We closed yesterday, so we're now living in a house that we don't own, and packing furiously for the extreme downsize (4500 to 900sf). We met the buyers at the walk-through and they're lovely people that will enjoy the house.

Sale price was $490K, not too far from our (way back when) original target of $500K. Thanks to all of you that persisted with us through my myriad preparations, questions, analyses, and frustrations. I feel much better educated and prepared for future real estate transactions.

Still have to buy a more permanent home in the new place, so I'll be hanging around. :-)

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LuAnn_in_PA

Congrats on the closing!

    Bookmark   November 5, 2013 at 1:44PM
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xamsx

Congratulations!

And wow what a lifestyle difference - 4500 sq ft to 900! I hope you enjoy your new digs.

    Bookmark   November 5, 2013 at 6:55PM
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ncrealestateguy

Congrats Weedy! Glad to hear you will be hanging around a bit... no really!

    Bookmark   November 5, 2013 at 6:56PM
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barbcollins

Woo Hoo! Congratulations!

I know it's been a long process for you.

Good luck with your down sizing. Sounds like you have a challenge!

    Bookmark   November 5, 2013 at 6:59PM
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chispa

Glad it finally all worked out! Good luck with the packing and moving.

    Bookmark   November 5, 2013 at 7:41PM
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glad2b

Congratulations! So great to hear the new owners are nice and will appreciate and love your former house.

    Bookmark   November 6, 2013 at 12:29AM
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newbuyer2007

Congratulations! I have followed your threads and I'm really happy for you.

    Bookmark   November 6, 2013 at 2:31PM
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maddielee

Wonderful! I've also been waiting for a happy ending to your story!

ML

    Bookmark   November 6, 2013 at 6:42PM
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kellienoelle

Congratulations! What all your plans now? Will you continue with the downsize or start looking for something that is a happy medium

    Bookmark   November 6, 2013 at 7:55PM
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weedyacres

kellienoelle: It'll be an interim downsize. There's no way we can live permanently in 900 sf. We'll look for a bigger/better house while we finish up the tiny one. I'm hoping we also make time to go through all the boxes we've got in storage and downsize the crap we really don't need. Then 2000 sf will seem spacious, even if it doesn't have the lake view of weedy acres.

    Bookmark   November 6, 2013 at 8:48PM
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nancylouise_gw

Congratulations! It was a bumpy road, but you sold the house, that's what matters. I do not look forward to my husband and I downsizing when we retire in a few years. Try downsizing from a 3,000+sf, 13 room, full cellar and attic(both of which are filled to the brim with 32 years of living!)3 bathroom home. That and a 3 bay garage also filled to the brim. Best wishes with the new house. NancyLouise

    Bookmark   November 7, 2013 at 10:04AM
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edeevee

Congratulations!

    Bookmark   November 9, 2013 at 5:40AM
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kswl2

Congrats, weedy! Did a big family buy your lovely home?

I still have a chuckle over your "redneck sod" comment!

    Bookmark   November 10, 2013 at 10:24AM
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weedyacres

kswl: The buyers are actually a youngish couple with a preschooler.

    Bookmark   November 11, 2013 at 12:06PM
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ncrealestateguy

Weedy,
I remember your arduous task that you went through to choose your RE agent. Now that the end has come and gone, and hindsight is 20/20, do you feel like you made the right decision? Why or why not?

    Bookmark   November 12, 2013 at 9:41PM
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weedyacres

I was happy with our choice of agents. They weren't perfect, but on the things they didn't do so well (not a great aesthetic sense on photos or write-ups), they took my feedback and adjusted, no questions asked. There was a few week time period when their responsiveness lagged, and they said it was when they were overloaded with negotiations and closings. Aside from that, they were very responsive to my emails and calls.

The thing I was happiest with was on the communication end. They did an excellent job of keeping in touch with the agents that had shown our home and trying to suss out all the details of their buyers' feedback, what might be keeping them on the fence, etc. They shared all this detail with me and took my input on addressing concerns, potential workarounds, etc.

They were patient in having long discussions and collaborating on "what do we do about buyer X to get them off the fence" or "how do we resolve buyer Y's concern." They had good advice, and also respected my input as we'd talk through options and scenarios, including the game theory of negotiating. They didn't force their ideas on me, didn't reject mine or act patronizing, and didn't just do what I said without questioning, if they thought it wasn't the best strategy.

As impressed as I was up front with their use of data, at a point when we actually had some recent comps and I asked for their help in analyzing them to decide if we needed to do something with our price, they disappointed a bit, as they didn't come up with a straight answer about what they told us.

As it turned out, our buyers weren't of the difficult variety, so it's hard to say that our agents made it happen (as opposed to what another agent might have done). When we got their offer, we were listed at $500K and ended up selling at $490K, but I credit our decision to stand firm more than our agents' negotiating prowess in this specific instance. I'm not saying they're not good, but there weren't any big hurdles to overcome that showcased any special skills in that regard.

If you're asking me if I think we made the right decision to list with an agent, that would be a longer answer involving my antipathy towards the realtor-industrial cartel that I've shared in pieces on other threads. And I'm too busy right now trying to make Little Beau habitable to write a long epistle. Someday. :-)

    Bookmark   November 13, 2013 at 6:26PM
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ncrealestateguy

Thanks for your thoughts about your agents. I figured their communication would impress you, since they specialized working with prior FSBOs. It takes a certain personality to make a living seeking out FSBO sellers. Communication is more of an important criteria that more agents need to pay attention to. I have to remind myself to communicate often too, especially with "stale" listings.
You can spare us the epistle... we've all heard it already.

    Bookmark   November 14, 2013 at 6:10PM
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c9pilot

Yay! I'm so happy to read this!

Congrats!

    Bookmark   November 17, 2013 at 10:23AM
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