10 posts tagged with house and selling. (View popular tags)
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How can I sell surplus stock in North America? [more inside]
posted by anonymous
on May 6, 2008 -
6 answers
Landlords are selling the house we are in and we would like to know what to expect from the coming months. [more inside]
posted by oflinkey
on Apr 17, 2008 -
9 answers
What should I watch out for when I sell my own home? [more inside]
posted by mikel
on Apr 11, 2007 -
4 answers
We just sold our house and moved out. I dismounted my front and rear surround speakers from the ceiling and packed them up. The realtor called to apologise for not going through this properly but I have to give them back. Recourse? [more inside]
posted by NailsTheCat
on Feb 2, 2007 -
51 answers
Question about when is the best time to put a house on the market... [more inside]
posted by SheIsMighty
on Jan 20, 2006 -
16 answers
Question from a first-time house seller.
My wife and I recently bought our second home without having sold the first. Although we and our agent feel that the house for sale is priced extremely reasonably and appropriately, it's been on the market for five months now. We have the financial capacity to continue paying for both houses indefinitely, with no need for a bridge loan, so that's not the issue per se. The question is, however, at what point does this process become an unacceptably bad deal, financially, and how do I calculate that? Or has it passed that point already?
In other words, do the past five months of payments on the first house essentially represent money down the drain? Say each monthly payment on the house that hasn't sold (including mortgage, taxes, insurance, and utilities) comes to $2K. Does that effectively mean we might just as well have set the price $10K less five months ago? In which case we should be dropping the price now, and each month from now on, in an effort to stop the bleeding?
I don't notice other sellers dropping their prices with every month that goes by, but the fact remains that since we've only owned the house for four years, we're building up practically no equity each month to "recover" when it finally sells. So it seems like the money's just evaporating. Maybe we get to deduct the taxes and interest from our income tax (or maybe not), but even if we do, it seems to me that there has to be a mathematical point at which it becomes pure damage control. And we may already be well past that point.
I know we're not the only people who've ever been in the position of carrying two houses for a few months--it must happen all the time--I'm just not sure what the conventional wisdom is on handling the situation. Any advice would be appreciated.
posted by azaner
on Aug 9, 2005 -
14 answers
I'm going crazy trying to sell my house. It's been on the market for a little over 60 days now, which I know isn't unreasonable, but it's making me nuts. Any suggestions on getting it to sell faster without lowering the price? Ridiculous superstitions welcome.
posted by LittleMissCranky
on May 30, 2004 -
32 answers
So let's assume I own a house in MD. It's completely empty, clean, and requires no beautification. The catch is, I don't live anywhere near MD. What's the best way to find a buyer since I can't show the place myself?
posted by SeizeTheDay
on May 22, 2004 -
9 answers
So yesterday my wife — Ms. We're-Not-Moving — found a house closer to Portland that she loves. We both love it. The only offer we can make, though, is contingent upon selling our home, which we hadn't even considered until yesterday. Help! Does anyone have experience with this kind of thing? What can we do to make a contingency offer more attractive? What about bridge loans? Anyone have experience with those? I need advice on hurried real estate transactions (other than "don't do them").
posted by jdroth
on May 6, 2004 -
10 answers
Any tips on selling a house? [more inside]
posted by LittleMissCranky
on Jan 18, 2004 -
23 answers