An Offer

[zinniz]

I just made an offer on the house. It's been on the market for a year, and from what Jan says, the seller's realtor was glad to have an offer, even if it's contingent. I'm not surprised, after a year on the market. Oh, we also found documentation saying that it was originally listed at 249,500. Wow.

Oh, also, I found out about why she's selling. She stated it in pretty clear terms on the seller's disclosure: "Property purchased by seller in 2003 with intent of completing rehab with intended spouse. Plans changed."

Poor lady.

Now...to sell my house...FAST! I just cleaned the bathroom and the purple room (might need to dust the piano though). The office is mostly clean though filled with crap. My room won't take long if I just get in there and put away all the laundry. The kitchen floor needs vacuumed and scrubbed. The living room needs vacuumed. The basement needs vacuumed and windexed. I think that should be it, other than carting a bunch of stuff off to Brent's place to store. Our goal is to have it listed within a week if they accept my offer.

Also got a whole stack of comparables from the 'hood. Might be tricky to get a full 20% down payment of profit from the sale of my house, but it shouldn't be too far off at least.

Comments

[tuckspuddn.livejournal.com]

Good luck!
If you don't mind my asking, what was your offer?
I'm so excited for you!

[zinniz.livejournal.com]

Oh, gosh, I don't mind at all. If it goes through it's a matter of public record anyway :)

I offered 188,000. It's currently listed at 195,900 so that's not *too* much under it.

I'm so excited tooo!

[tuckspuddn.livejournal.com]

Awesome, awesome! I'd say with rehab still needing to be completed, and the fact that it has sat without an offer for a year both play in your favor. :)
I just wish I was there to help plaaaay! :)

[quincy-c.livejournal.com]

How did you come up with that number to offer? Was it just a random pick or did you calculate it somehow?

[zinniz.livejournal.com]

It was pretty random. I was thinking 5-10k less, and that was right between, so voila, a number. I don't think there's a science to it. If there is, I don't know it.

[quincy-c.livejournal.com]

I wasn't sure if maybe you could take market value and then subtract off all the things that need updating.

[zinniz.livejournal.com]

oh, that's really hard to calculate on this one since it's being sold "as-is" and needs a LOT of stuff done. But we knew that. At least the major systems are all updated.

[the-resident.livejournal.com]

Ooh, good move. Plenty of negotiating room in that range...

[stannate.livejournal.com]

I still have the Chicago real estate market in my head, so when I see a house like the new one for 180K, it boggles my mind as how cheap that is. You put that somewhere in Chicago, and that price is easily doubled--the same probably goes for the Minneapolis/St. Paul market, too. I am amazed at what one can spend on a house here.

[annablume.livejournal.com]

I'm so excited for you! It's such a cool house.

[http://users.livejournal.com/budgie_/]

Good luck. :)

[nellieoleson.livejournal.com]

Ooh! Good luck! Is this the Michigan place?!

[midwestdiva.livejournal.com]

Yipee! I like this hose so much more than the first. I sure hope they accept your offer.

[midwestdiva.livejournal.com]

sorry typo, house