Went to market implies we’ve sold our house. Technically, this little house is on the market.
That’s right, we’re selling our humble abode. Today is the first day it’s up as a for sale by owner. I literally put the sign out and finished listing info an hour ago. We’ll write another post with more house selling details once we cross that bridge. Sadly, we won’t have any house hunting to share, but I’ll explain that in a minute.
I’m sure some of you are thinking we’re crazy, but let me explain. Now that we’ve wrapped up the kitchen remodel, our house is nearly done. Sure we’ve got little projects we could tackle, like the steam shower Ben dreamed about, the concrete patio we planned to do last year, and minor exterior projects. But we’re already close to the top of what our neighborhood can handle. But we didn’t start thinking about any of this too seriously until recently.
This whole situation is very serendipitous. About a month ago, Ben showed Handy Sammy a piece of land he lusted after several years ago and had already mentally constructed his dream house on. Three years ago, we weren’t in a financial position to buy that chunk of land. While driving home, Ben and Handy Sammy saw a run down house for sale on the same street. Ben gave me the address and I looked it up online. The price was out of our budget and the pictures weren’t very good, but we were intrigued. For a week, we talked about this house; what the layout might be, level of finishes, and if it had views.
If you follow us on Facebook, you might remember this post about online houses.
Well, that post was in reference to this house.
Ben decided he needed to see it with his own eyes. He called the listing agent who said we couldn’t see the house until it had been cleaned. So we waited. And got impatient. Ben talked the agent into letting us see the house. It was full of potential, but maybe too much potential. It needed a lot of work like a new roof, siding, windows and doors, the pool room had to be completely updated, plus all of the interior stuff we’ve done to our house. At the list price, we couldn’t afford to make the changes we like.
True to form, Ben started calling local companies to get quotes for shingles, siding, windows, and the pool. It turns out, it wasn’t as expensive as Ben originally thought. Armed with new information, on February 21, we made a low offer on the house. The next day, we received a counter offer. We thought it was too high and pulled out of the running.
Then we had a real estate agent over to perform a CMA on our house. She thought our house could sell very close to the counter offer we received. Which switched us into over drive on our potential new house. We accepted their counter offer, signing papers on Friday. Assuming all goes according to plan, we’ll close on the new house sometime in April. So excited to share pictures once it’s officially ours.
Over the weekend, Ben and I have diligently worked to make our to do list shorter. We also did a few projects to get the house ready to sell. More details on that later this week.
Most likely, there will be some overlap of ownership of the two houses, so wish us luck to get this one sold quickly!
This whole process has gone quickly, but that doesn’t mean we didn’t consider the pros and cons. Yes, we just finished this house. Yes, we have plenty of space here. But we’re reaching the limit on this house. And, the new house has everything this one does and more. The neighborhood can also accommodate the upgrades we’re planning. Bottom line, it was a house and a deal too good for us to pass up. We still love this house and it will always be our first love. It will be a sad goodbye, but we’re excited at the prospect of a new project home. As Ben likes to say, we’re leaving this home on the top floor and entering the new home in the basement level.
That’s what we’ve been up to this weekend. What did you do?