The house sold in a week.
A fast sale was the best case scenario for my situation, and to say I’m relieved is an understatement. I wanted to write this post for my own memory of this process, and to provide some closure for all of you who followed me through the gradual makeover, and the transition to renting it – that house is a huge part of this blog.
Here’s how it went down:
- I’ve been quiet regarding the sales process because it seemed weird to talk about something so significant that was entirely in limbo. Plus, the house was empty and the threat of break-ins or vandalism was completely realistic, and not to say any of you would be enemies, but why would I remind people of it across all of the internets? Vulnerability!
- Immediately after my tenants moved out the last week of April, I spent a long weekend doing basic maintenance, cleaning, and quasi-staging the home for showings that were scheduled immediately when it hit the market. Getting back into the house without tenants being there was an exciting step – and nerve-wracking, and anxiety-inducing. It’s hard to go back to your old house when you don’t live there anymore; it felt like I didn’t belong there, and it was hard to recall a time that I felt comfortable hanging out in those rooms. I spent those days wanting to get done what I needed to do, and get back home to my family.
- You know what’s annoying? Fake staging. I dragged my feet the whole time as my realtor suggested adding more area rugs and chairs into that otherwise empty home. You can’t argue that a home doesn’t look anywhere as good empty as it does full of belongings, but short of renting a moving truck and bringing everything I owned back, it was bound to look sparse. An empty home allows every irregularity to be more eye-catching than you’d realize. All of the off-putting features are less disguised. But the magic in hanging one framed picture on a random hook and tossing down a 4×6 rug? That magic’s real. The reflection on the glass from the frame completely changed how my eyes moved through the room, created some subtle appeal. When it came down to it, I didn’t move in a lot for staging, but a few pieces of art and assorted vases with flowers on the shelves were enough to make an impact. If I felt as though it were having trouble getting offers, I would have hired a staging company for ~$500. It still wouldn’t have looked “like home.”
- I had tenants for 22 months. I’m thankful I had a generally positive experience, but I never want to be a landlord again. You can read more about the experience, but now I can add more to the list: Nothing could be done to mask the smell of cat left behind, and the small fortune spent on air fresheners made the house smell like a concentrated Bath & Body Works (which was far more appalling than it was pleasant). Is that water damage? No, couldn’t be, they would have mentioned it. How does caulk get so dirty? Why does that neighbor’s cat think it can keep going into my house? Why is the garage door propped open? Is that… hay? Come on, is that… a nest? Do raccoons have nests? What other animal would have poops that big? How did they get purple scratches on every single doorway in the home? How did they break the metal mortise? Why did they take ALL OF THE PARTICLEBOARD SHELVES FROM THE KITCHEN CABINETS AND RELOCATE THEM TO THE WET RAFTERS IN THE GARAGE? Is it because the cats were going to get hurt? CATS. So, lots of questions, lots of touch-ups and trim painting, lots of floor cleaning, more spending. You get my drift.
- The weeds in the yard had completely taken over as soon as the snow melted in April. The sloppiness of the yard was disappointing, but I didn’t have the time or money to put into making it the prettiest on the block. I crossed my fingers that people would understand and focus their attention to the pretty flagstone patio and deck.
- The realtor had the house on the market in the first few days of May. There were several showings each day during that week, it was a huge relief to know off the bat that the feedback was good. “They liked it, people actually liked it!” There were no bites during the private showings, but after the one and only open house (on Mother’s Day) I received 3 offers. I wouldn’t call it a bidding war, but all three offers were amazing and respectable and for that I was thankful because… options. All had different contingencies from bank terms to specific maintenance requests, which made it really easy to select a winner. If you’re curious, I didn’t choose the high offer and I didn’t counter and there were literally no negotiations involved. I chose the offer that was most likely “a sure thing” and a really quick o-u-t and leapt on it. We all know that it can easily take months to get the offer you want when you’re selling, and then additional months of inspections and repairs and negotiations before you can close, so I’m relieved to have been able to close as soon as the lawyers could make it happen (4 weeks – I’m told it can be done faster when it’s not peak season). More relief was centered around the fact that I wouldn’t be fronting a second mortgage for an extended period of time. As luck would have it, I was able to close before the June mortgage payment was owed, and managed to only have a one-month lapse between renters covering my mortgage, and the closing.
- I haven’t crunched numbers yet (and I might not, who has time to find all of those receipts), but I think I did pretty well in getting back what I invested in the house – siding, deck, patio, driveway, kitchen countertop, bathroom updates, and glass block windows were the $$ upgrades I made over the years.
Other ramblings:
- One of my neighbors passed away suddenly in March. I didn’t actually learn about it until late May, because I had been absent and slinking in and out to avoid questioning. She was the one who filled me in on all of the goings-on, kept us informed of parties and how many cats were in the sunroom and who was loitering and who got home late. When I decided to sell, I avoided telling her. She was the one I thought would be most disappointed, and I thought a lot about how I thought she would respond to the sale sign without even knowing she had already passed. Who knows, maybe she had plenty of gossipy things to say about us too with our loud power tools and second marriages and scooters and taste in design, but I know she loved her young grandchildren and adored our girls and lately had been specifically asking when I would be bringing Hattie by so she could see how much she’s grown. Hattie was always at daycare during my fall and winter maintenance trips, so they probably didn’t meet more than once or twice and I’m a little sad about that. I don’t think she knew about the blog, but she witnessed all of the big home projects take place and knew how passionate I was about it.
- I trimmed a bouquet of my favorite flowers over the weekend – peonies. Also yanked 3 chunks with roots out of the ground last weekend; planted them in our own backyard near the treehouse. If we can shelter them from the deer, maybe in another 5 years they’ll be as tall as my waist. The peonies at that house were ragged transplants from my mom in ~2010 and they are phenomenal.
- We took like 8 million photos of ourselves in and around the house. Recreated some of our favorite photos. Captured our favorite features. Tried not to dwell too much on the fact that the house is nothing like when we live there – nothing but loud, echo-y, cold. Tried to embrace closure.
The photos that Pete and I took while building the deck are some of my favorites too:
- The grout in those damn kitchen tiles was all crumbly again in high-traffic areas. The bathroom grout though, still well in-tact. Just a comment if you’re looking to do groutable vinyl tiles in your own home – it is not my favorite.
- I miss that flagstone patio. Pete and I are heading to a quarry tomorrow to scope out some new product for our now-house, and I’m pretty excited to make something happen.
- I know I’ve said it before, but I was working with a realtor for all of this because I didn’t feel qualified to try and pull off a DIY home sale, nor do I feel like I had the time to commit to learning the process (as in, free time in my day, and the flexibility to let it sit on the market until I caught the fish myself). When I weighed the pros and cons of it, I knew that the realty commission only equalled a few months of mortgage payments, so I’m here to remind you that all of the perks of those “sell your home yourself” techniques are completely circumstantial. Had it taken me three more months to sell, it would have been more mortgage payments out of pocket and only a similar return from avoiding fees, a wash. The marketing by the realtors worked, and I really enjoyed offloading the work to the pros.
- I know who bought the house. Well, not personally, but I know who it is. Funny thing is, for all of the work we put in to having beautiful photos in the online listing, I’m fairly sure that the buyers just randomly saw the sign in the yard and acted on that. I hope they have some great memories there.
6 Comments
Well done! I always enjoy your writings, informative and humorous! Kudos on the sale and continued success on your new house projects! I look forward to reading!
Thanks for writing this! I am in my “starter” home going on 16 years and dying to sell in a seller’s market but people have advised me that I should rent it out. I’ve never wanted MORE responsibility than I already have but I really like the way you described it. I hadn’t thought of the way I would feel watching others live in your house “differently”.
Thanks Mary – I would encourage you to read this post too. I’m sure there are lots of “pros” to renting, but it wasn’t for me: http://www.merrypad.com/2015/03/27/why-selling-rental-property/
Congrats on selling so quickly, Emily! It is always weird to say goodbye to somewhere we lived our lives, but there is a huge sense of a weight being lifted as well.
Mary, for what it’s worth, I was a “reluctant landlord” (meaning we did it because we had to—we couldn’t sell our place before we moved into our new one) and as it turned out, I had good reason to be reluctant. We only had tenants for 9 months and we HATED it. Similar to Emily’s comments in this post, it’s just amazing what tenants can manage to do to a place. For instance, when I went in to clean after they left, every light switch and switch cover in the place was dirty. Black marks and fingerprints. How in the world? And they dropped something on our wood laminate kitchen floor and took a huge gouge out of it—we had lived with the laminate for 3+ years ourselves and it still looked practically brand new when we left. (Side note: We made them pay for repair of the laminate floor since that was just ridiculous.) Marks on the carpet (which had been only a year old when we had the tenants move in). It was tough. Unless renting properties is something someone really wants to make a business of, I do not recommend it.
Unbelievable, Heather. It feels like you were just renting that place – time has flown!
Thanks for the honest post! (As always!) So happy for you that the house sold quickly, although I know it’s hard not to get emotional.
Love the photo recreations! I think they would look adorable framed side by side! (Or picure-in-picture style like you have here.)