posted March 05, 2012 10:44 AM            

With the market, I wont take a loss as I bought this house in terrible shape and as a forclosure, but I would like to get what it is worth...

I shutter to think that my closing costs are going to be 15-19K, in this depressed market...IF I wait for the market to go up, I will be out more....

posted March 05, 2012 12:50 PM            

hippi - Honestly, it's difficult unless you have experience or a lot of time - and even then, it's frustrating - BUT you have the potential to save a good deal of money on closing costs.

The real question is: How much is your time and sanity worth to you?

posted March 05, 2012 01:02 PM            

quote:

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Originally posted by Randall:
What's your reason for selling?

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posted March 06, 2012 10:43 AM            

quote:

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Originally posted by mockingbird:
^

hippi - Honestly, it's difficult unless you have experience or a lot of time - and even then, it's frustrating - BUT you have the potential to save a good deal of money on closing costs.

The real question is: How much is your time and sanity worth to you?

If you have a good deal of time to devote and a medium-high threshold for BS, I say go for it.

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I am willing to take alot of time to make some money, or money, and not give it to a realtor.

Randall and anon, my reasons for selling are that I have always wanted to go back to Indiana/Ohio to be with my grandparents (they raised me) and now that my grandma is gone, my nearing 90 grandpa is all by himself. He is here now, will go home in a few and probably keep up the trend.

He has a beautiful lakefront property which has been in his family for greater than a century and I would really like to see him be able to keep it.

The midwest is my home, I miss the seasons, etc. As I get older I am less and less tolerant of the heat of south Texas, I am a gardener and just cant have successful growing here unless it involves cactus

I have alot of equity in this house, put my savings in it to protect my $$, in my field there is always the potential for suing and in Texas a lawsuit cant take your home. But as I do get older, goodness forbid anything happen to me to disable me, I could be forclosed on and loose everything...bottem line I CANT forclose, ever.

It is a huge house on .33 acre and while both of my kids were here, with all of their friends coming in and out this house was a good idea. But now with the older one on her own, and I have all confidence she will remain so, just the younger here, 3300 sq feet is alot to take care of, not to mention keeping the yard up, etc.

I have a bottem line figure that I can take and break even, and for this market, it is doable. But like I said the thought of giving so much money to a realestate agent, when times are tough does not appeal to me.

Will reserch and ride it out. According to market analysis experts the housing market is not supposed to turn around for atleast a decade and I dont think sitting on this house for that long is an option for me. By then my grandpa will be gone, and my dreams of going home will be lost.

My brother sent me a website in which a realtor and a seller spilt the closing costs, will look into that as well.

So if ya all hear of anybody successfully selling "by owner" let me know!!!

posted March 06, 2012 12:52 PM            

quote:

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Originally posted by Randall:
Millions sell sucessfully by Owner. You could also Lease Option or Owner-Finance, and your Buyer pays all closing costs.

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Thanks Ranall, I like that idea!!!

posted March 06, 2012 02:42 PM            

I am getting excited~

SO many possibilities!!!

thanks all!!!

posted March 06, 2012 02:43 PM            

quote:

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Originally posted by crabbypatty:
And, in addition to Craigslist, you can create a website (won't cost much) to showcase your home, with photos, etc., and generate more interest that way...best of luck, HC

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Now that is COOL!!!!

Even more excited now!!!

YES, I can do this!

(me thinks a drop in the bucket compared to nursing school )

posted March 06, 2012 02:45 PM            

quote:

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Originally posted by Randall:
You don't need to pay an attorney anything. Just place a sign in the yard and a free ad on Craigslist. You will collect 10 percent down, and the attorney would create a wraparound mortgage at a good interest rate (maybe 9 percent) for higher than full value of your house. The Buyer would pay for the costs, not you. Don't be concerned about credit. They can refi to get a lower interest rate in a year (or two if recently bankrupt). A GOOD SIGN IS: No Qualifying! No Credit Check! No Banks! No Kidding! Only 10% down! Get a generic For Sale By Owner sign and handwrite the rest with a permanent marker. Closing costs are nominal with no lender involved.

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posted March 06, 2012 03:29 PM            

This is an amazing house, not a tract home perse, on a big lot, with lots of room inbetween houses. It is very quirky inside, big,, but cozy, lots of small rooms.

And the best/worst part is that I am in Sea World's front yard, literally, my neighboorhood abuts their parking lot.

I have devised a few plans to make my house the one that one would want to choose, like Sea World Passes for a year, leaving my upscaled appliances, etc.

When I got my roof done a coupla years ago, my roofer talked me into a green roof, the brick is sand colored with brown trimming on the house, he later told me he did mine first as his premier roof showing...

So, I think I will do ok, I think this house will sell itself...really.

Thank you all for the support and advice, becoming more and more empowered by the minute!!!

blessins~

t~~

ps I have sold one house in the past...my new mortager marvled on the percent of worth of the house vs the original cost, all cause I made the correct choices in what to upgrade, etc.