Better And Better

If you don't draw yours, I won't draw mine.

Wednesday, June 20, 2007

Hmmmm. . .

We got the house listed this morning.

At 09:35 AM, the phone rang for an appointment to show. I was asleep, so I didn't call 'em back until 12:20 PM.

At 1:00 PM, the very first possible buyer showed up.

At 1:30 PM, they offered to buy at my price.

Barring any snags, we'll be outta here by mid-July.

Maybe we listed too low?

Oh, well.

Guess I better go find a house to move into.

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13 Comments:

At Wednesday, June 20, 2007 3:50:00 PM, Blogger Babs RN said...

Wow!! Congrats!!

 
At Wednesday, June 20, 2007 4:18:00 PM, Blogger HollyB said...

WOW, indeed! That's SUPER-DUPER!

 
At Wednesday, June 20, 2007 4:45:00 PM, Anonymous Rabbit said...

Amazing...and to think it's no longer a "seller' s market" according to the MSM.


Congratulations on the offer. Now you need to get out into that huge free-for-all that is the "buyer's market" from the huge real estate bubble-burst of '07. Make sure you remind your agent of that when you make an offer on something :D

Regards,
Rabbit.

 
At Wednesday, June 20, 2007 5:15:00 PM, Blogger Matt G said...

I want to get this closure done FAST, so that we can score an interest rate under 7%... or 7.5%.... or...


They just came back with the initial agreement paperwork. The loud, fast-talking realtor breezed over the $850 title insurance that I was to buy. I put a stop to things right there.

"We're not buying anything; we're selling. The purchaser can buy the title insurance-- we're quite satisfied that it is clear," I said.

"Yes, but it's standard for the seller to buy the title insurance. I've done about a million of these," she said.

I pointed to the two check boxes, which designated either the ()Seller or the () Buyer to purchase the title insurance. "I see that apparently some buyers purchase it. We intentionally set the price of this house $2,000 below the county-set drive-by appraisal, so that we could move it quickly. Now I find that we can't sell until mid-July. That will cost us money. We are not purchasing title insurance," I said.

The buyer quickly stepped in and said that she would roll it into the cost of the house. "Well that will require us to change the numbers," the fast-talking realtor lady said, acting dubious, as if all of the numbers wouldn't change in the next 3 weeks, anyway.

When she got to the one-year warranty that she'd already filled in for me to purchase (for the home I'm selling, she barely even tried. "No, I don't guess you'll be buying that..."

"Nope. 'As is,'" I responded.

Get an offer on your first showing, and the power, it just goes right to your head, and next thing you know, you're a real estate mogul.

 
At Wednesday, June 20, 2007 7:34:00 PM, Blogger Don Gwinn said...

Good news all around! If you got what you wanted out of it, it doesn't really matter if the buyer thought they were getting a steal.

 
At Wednesday, June 20, 2007 10:36:00 PM, Anonymous Murphy said...

Everything's going great, huh?

BWAHAhahaha....


*insert omnious music here*

 
At Thursday, June 21, 2007 12:04:00 AM, Blogger Matt G said...

Haw. Nice try.

Lots of work yet. Have to find a new house. Have to bid and win.
Have to buy new house.

Have to move in.

 
At Thursday, June 21, 2007 12:36:00 AM, Blogger phlegmfatale said...

Well done and congratulations. You know, I take the philosophical approach - I had a house sell very quickly for what I wanted, and I considered it a blessing. I needed to sell it and someone wanted to buy it - why drag it out for extra months in hopes of more money? Hang on tightly, let go lightly.

And good for you for not letting them cow you into paying for extra crap - that word "standard" should be thrown out with other archaic terms - it's insulting.

 
At Thursday, June 21, 2007 1:14:00 AM, Blogger Matt G said...

Been talking to some realtors, including the guy who's my flat-fee broker (meaning, he's paid, and has no more incentive to jack up the price any). Turns out that 99.9% of the time, it is the seller who buys the title insurance. My broker said "I see the buyer pay for the title insurance about once a year, maybe."

"Well," I said, "This is gonna be your once a year."

"Congratulations," he said with a smaile in his voice.

The buyer's realtor was acting like this was just crazy, but the funny thing is, I'm signing a contract that says that, after I'm paid an amount $8k over the amount that I asked, I "gift" her some of that, and pay the closing costs. Talk about your creative financing. My refusing to pay a fee that I don't think should be mine is pretty damned sedate, in comparison.

 
At Thursday, June 21, 2007 8:43:00 AM, Blogger shooter said...

Congrats! Hope everything turns out okay. We bought our house after it was listed on the market all of 6 hours. Closing moved so fast, the neighbors' heads are still spinning.

Don't take any guff from the realtors. Remember, they just want to jack up the price so they get that big fat commission check.

 
At Thursday, June 21, 2007 9:30:00 AM, Blogger Matt G said...

My broker's a flat-fee guy, and is a pretty good fellow.

 
At Friday, June 22, 2007 4:03:00 PM, Blogger Memphis Steve said...

Lucky you! We haven't even listed ours yet, but we're about to. I wish it would go that easily for us.

 
At Friday, June 22, 2007 6:39:00 PM, Blogger Matt G said...

Heh. Start by listing it under appraisal, which is a drive-by appraisal and doesn't touch what the interior appraisal would show it bringing.

 

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