Omaha Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Those who sold their homes recently...
How long did you have your house on the market?
Did you take a loss?
Had you done any major home improvements?
Did you work with an agent or FSBO?
Did you have a house being built or ready to purchase as your house was still on the market?
TIA!
Re: Those who sold their homes recently...
If you consider about a year ago recently?
20 days
Yes, 5% of purchase price, we had only been in the house for about 5 years.
Agent
We bought a house, then put ours on the market two days later.
love is for every her, love is for every him, love is for everyone
Considering building a new house (2-story, 3 car garage, more space). Our taxes are outrageous and we would like to be closer to my parents. Very preliminary considerations, it's scary to me.
We considered another time too and didn't act on it, but this time we're further in the consideration.
What were your thoughts on losing money on your home? Did you need to move? Or were you okay with losing money? We've finished our basement so I don't intend to lose money on the deal, just curious on the thought process.
Actually we just wanted to move, to have more room. We thought we were going to have more kids at the time, so it just seemed right. As for the loss, we didn't lose money on the mortgage payoff, but did have to cover some of the fees associated with the move (closing for the other person, agent fees, etc.) and we had the money so we didn't worry about it I guess. Which is also kind of why we bought before we sold. We finally found the house we wanted after a year of looking and everything just clicked. We knew we would lose money, but we gained SO much more buying a house that's market value was down also. Thats how we looked at it. 5-10 years from now, presumably, we'll be farther ahead in the value of our home that had we waited to buy for the 5-10 years. Overall, we just decided to take advantage of the market, and the loss we took, we more than gained in the purchase we made, so we were good with the decision.
We moved a little over a year ago...but...
How long did you have your house on the market? Our house was on the market for a month. It sold just before the tax credit expired.
Did you take a loss? Yes, the sense of the money we put into it. We had finished our basement, put in landscaping, fence, sprinklers, painted the exterior, etc. We were about $10k below where I wanted to be...but we looked at it in terms of making double payments, and decided that we'd be up to $10k in no time if we had to sit on it. It was the right decision for us!
Had you done any major home improvements? See above.
Did you work with an agent or FSBO? Agent.
Did you have a house being built or ready to purchase as your house was still on the market? We built our new house. We broke ground on the new house in September, and put our house on the market in March. We closed on both in early June.
Happily Married Since 11.29.02
Brayden Kenneth born 3.27.06
Blaire Kay born 7.10.10
Married the love of my life 6/3/06
Became a family of three 8/25/09
We sold in October 2010.
How long did you have your house on the market? It was on the market for 20 days.
Did you take a loss? After realtor fees, closing costs, etc. we had to come to the closing table with $2500. Not bad considering we bought at the height of the market in 2003 and sold at a low point in 2010.
Had you done any major home improvements? We had just put a huge patio in our backyard last summer, but other than that, we really put almost no money into our house.
Did you work with an agent or FSBO? Agent - Dave Maloy
Did you have a house being built or ready to purchase as your house was still on the market? We had to sell our house before we could buy something new. We did tons of looking at pre-existing while our house was on the market, but we didn't find anything we liked. While our house was still on the market we decided to build. Because our house sold so quickly we had to live at my mom's house for 5 months while our new one was being built.
How long did you have your house on the market? 1 week
Did you take a loss? yes, $25,000
Had you done any major home improvements? Yes we had installed central air, new furnace, and painted the kitchen cupboards.
Did you work with an agent or FSBO? agent
Did you have a house being built or ready to purchase as your house was still on the market? No... we lost so much we had to do a rental instead.