March 14, 2024 • 27 mins
You can’t start the process too early if you are getting ready to sell and keep looking if you are buying are some of the take-aways from show host Jeanette’s recent purchase and sale of a home. She shares how talking to an agent early in the process can help you be better prepared and save you time and money by using contractors and service professionals they can recommend – and who are likely to move you to the front of the line for scheduling. She also offers a couple of questions to ask movers and repair folks as well the need to factor time to schedule pick-up of items you are donating, selling or trashing.
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Episode Transcript
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You are listening to the REMAX realEstate Insights show where you get real talk
by real agents. Walk to youby Remas of Southeastern Michigan. Hello and
welcome to the Remax real Estate InsightsPodcast. I am your host, Jeanette
Schneider. I happen to be thepresident of Remas of Southeastern Michigan and one
of the fun parts of my jobis hosting this podcast where we can share
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tips and trends and things that aregoing on in the real estate industry with
listeners across Metro Detroit and perhaps beyond. This one is going to be probably
a little bit of a shorter segmentthan some of our other ones because it's
going to be me kind of speakingfrom the heart today. If you've been
listening to the last few episodes,you might have caught wind that personally,
I have made a move recently.We put an offer on a house the
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week of Christmas, had it inspectedthe day after Christmas. That was not
the time of the year I wasplanning to move, which is going to
be part of one of my tipstoday. But we did, and then
we put our house, you know, rapidly on the market and we have
now since the end of December,been able to buy and successfully sell and
close on both of the homes.And today I'm just going to share,
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you know, kind of off thecuff, some of the tidbits, the
tips that come to mind now thatI've been through this process. Personally,
I've obviously talked a lot about,you know, tips for buying and selling
over the years, but it's coursea little bit different when you're the one
going through it. And it hadbeen a few years. It had been
almost twenty years since my husband andI had moved last, so you know,
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it had been a little bit sincewe'd been through the process. So
here's some things that I just wantto share with you. If you're thinking
twenty twenty four is the year foryou, or maybe you're already in the
market and you're just maybe you needsome encouragement to keep going that yes,
you can find a house, andso I just wanted to talk to you
a little bit about what we learnedalong the way. First thing I'm going
to say is for the buyers thatare out there, for some of you,
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it has been a bit of achallenge. There's not a lot of
inventory. I know this does notcome as a surprise to you if you've
been in the market to know there'snot a lot of inventory in pretty much
any price point, pretty much anyarea of town. And I think it
was late last year. One ofthe tips we had given on the show
is not to give up, tokeep at it, to keep looking.
Boy, is that true? Andhere and here's kind of what happened to
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us. The house that we endedup buying. We went through on an
open house back in October, andat that time it was priced higher than
my price point. We had beento a different open house earlier that day.
That house was going to end upbeing all but a tear down,
and that was just a project weweren't in the market for. And so
there was another other open house andwe're like, well, you know,
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it's outside of our price point,but let's just go see it. Let's
just see what you know, thatmoney gets you in comparison to what we've
been looking at. And we lovedthe house, you know, kind of
from the first time we walked in, you know, loved everything most everything
about it, but it was pricetoo high, so you know, kind
of took it into consider, youknow, it kind of took it for
what it was and left while westart noticing the price started to go down
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a little bit. Had another openhouse a couple of weeks later. We
went back through because now we're lookingat it with you maybe slightly different eyes.
It was still outside of where Iwas comfortable budget wise, but it
was at least moving in the rightdirection, so we went back through.
In this time, we start payingmore attention to like spacing details, because
we currently had had a house thathad a full basement. This house does
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not. It has a crawl thatis a very different storage dynamic, and
so we started to take a lookof you know, what would this mean,
what would we have to get ridof? You know, are we
really serious about something like this?If it became you know, if it
became an option, well then thatwent off the market, and we thought,
well there's that. You know,well that wasn't you know, not
a missed opportunity, but you know, it wasn't meant to be lo and
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behold, it switched realtors and itcame back on the market in I believe
early December, and right before Christmas, the week of Christmas, there was
a significant price adjustment to it.Now it was something that we could consider.
It was at the upper end ofthe price point, but it was
at least in the ballpark now.So now we schedule a private showing to
go through there and really took youknow, took a look at the house,
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ended up ultimately writing an offer,like I said, you know,
literally a couple of days before Christmas, and from there, you know,
worked on it and it all workedout. But I say this to say,
keep looking because you never know whensomething's going to change. The listing
today at the price today isn't goingto necessarily be what it is down the
road now. I think I wasthe beneficiary. We were the beneficiaries of
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time of year, Christmas, theholidays, December. It may be a
time of year not everybody wants theirhome on the market. It may be
a time you're that not everybody wantsto be looking. There's a lot going
on in life, and sometimes it'syou know, you want to put this
on pause. I'm going to imploreyou, if you're serious about buying,
don't put your search on pause.Keep out there, keep looking because you
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just never know when the house thatyou're looking for either comes on the market
to begin with, or maybe itgoes through a price adjustment and it becomes
a more realistic option for you.So you know, that's kind of what
we lived. So just wanted toshare that with you. The other thing
that I'm going to share, andthis probably goes more on that if you're
going to put your home on themarket, if you currently have a home
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and you're thinking of selling at somepoint this year, is I would say
you cannot start early enough to getready for this process. Now, truth
be told, we had kind ofloosely started. And when I say loosely
started to get ready, we haddone some initial cleaning out and purging,
you know, in the basement.You know, we had made a few
fixes around the houses, you know, kind of those those little maintenance things
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that maybe had let slide that you'reyou know, making sure get taken care
of. We had done some ofthat, but we didn't do nearly as
much as we probably could and shouldhave. Let's say, in August,
September, October, before we gotserious about this house. And now all
of a sudden, we were feelinga lot of pressure that not only are
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we trying to negotiate this, youknow, the new house that we're trying
to buy, we're having inspect done, We're having to have some service providers
come out and quote us on somework that needs to be done out there.
We're also at the same time tryingto clean and purge and donate and
pack and do all the things thatat our current house. And in the
end we were able to manage itall. But I would say had we
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several times we've said we should havestarted earlier. We technically we were in
the market, we were looking,we were going through open houses, we
were doing all of that, butwe weren't probably doing as much as we
could have done and should have doneto prepare ourselves to get our current home
ready. So I say, youdefinitely can't start early enough, because realistically,
if you're like I think most peoplethat have been in their homes a
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while, you're going to have somedifferent piles. If you're looking to purge
and get rid of some things,declutter, whatever words you want to use,
you're going to have things that youmaybe want to try to donate.
They're still serviceable, they're usable bysomebody, And then that becomes are you
taking it someplace? Are you havingto schedule somebody to come to your house?
To pick it up. In ourcase, we donate a lot of
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our stuff to either the Furniture Bankor Purple Heart. Purple both will come
pick up, but they both haveschedules. I kind of learned that that
donates stuff, which is what youcan donate to Purple Heart and a few
other agencies through in our area.They came out once a week that there
was a Wednesday was the day thatthey were going to be in our neighborhood,
and they ended up coming like fouror five weeks in a row because
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I kept finding more things to givethem. But you know, that process
can only move so fast if you'relooking to have somebody come to your house.
Same with Furniture Bank. Now youcan pay them to come out a
little bit quicker if you're on amore of a tight time frame, But
if you want the free service,you know then it's going to be You're
going to schedule and it's probably goingto be a weaker or a week or
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two out, so you want tokind of get that going. The other
thing is is maybe you have somethings that you're trying to sell. Made
very very good use of Facebook Marketplaceand was able to sell a lot of
things on marketplace, but you knowthat takes you know, some some things
take a little bit longer than others, you know, to get out and
you've got multiple people and you finallyfind somebody who's serious about buying and all
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of that. It's not hard,it just can take a little time.
So you've got that dynamic, andthen you're going to have potentially the dynamic
of I've got some things that youknow, they're not recyclable, they're they're
not donatable. You know, nobodywants to buy them, and they're truly
probably going to end an in ajunker trash pile. And what do you
do with that stuff? We weretrying to do as much as we could
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through our regular curb side pickup.But there are some items, whether it's
you know, maybe old paint orthings that have to be disposed of in
a certain way, or they're big, bulky things that you know, sitting
by the curb doesn't really work verywell. And so you're going to have
some of that too. And thenwhen you've got that pile, are you
taking it to the to the dump, are you taking it, you know,
to someplace, or are you goingto hire a third party? To
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come take it away for you,and you have to allot that that could
take a little time. So whenI say start earlier in the process,
my lessons learned was, while youcan manage all this in a really short
time frame, if you have to, if you can start the process a
little earlier and get some of thisout of the way before you even find
the home that you want to buy, I certainly think it will take you
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know, a little a little stressoff of you and help you kind of
get through that phase. The otherthing I don't think that you really can
start too early, especially if you'reon the selling side, is to talk
to an agent, talk to alocal agent early in the process. Now,
we did talk to an agent earlyin the process. I mean the
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one that we chose. You know, she was working with us. She
knew, you know, we werekind of out there looking and if and
when the right house came, youknow, we were going to be ready
to move. We had spoken toa lender, we had gone through the
pre approval process a couple of times. The first house, you know,
the deal fell apart the time framefor the pre approval lapse. We had
to get a second one. Imean, so she knew we were serious,
but we and admittedly probably more me, kind of held her off a
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little bit from coming out to thehouse because I wanted to get it as
perfect as possible. I wanted toget as much you know, clutter,
removed as much junk out of thehouse, donate as much things, finished,
fixing a few things around the housebefore we had her come in,
and you know, tell us whatwe any last touches we needed to do.
I wanted the house to be asnear perfect as possible, and that's
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probably a little bit of my perfectionismthe side of me. I wanted the
house to show well, to haveher come in and have very little that
she had to tell us to do. The reality is is once she came
in, we really did have verylittle to do. But she was very
helpful in that she has this whole, for lack of a better word,
you know, a team or rolodexor contact list of people that she has
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that are service providers, whether that'sjunk callers, whether it's people to do
cleaning. I mean, there wasa variety of a few different things that
needed to be done to kind ofget us across the finish line and at
this point, we're trying to moveinto the new house. We actually had
a pre planned vacation out of townthat couldn't have come at a worse time,
and we're trying to manage all ofthis, and it was a breath
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of fresh air and really a reliefthat she was able to come in and
say, go ahead, you leavetown as planned. I'm going to have
my people come in and in aday they're going to take care of all
of this stuff for you that withtrying to work and do everything else,
it's going to take you another weekto get done. And she was right,
it was we left town, theyhandled it and handled it very quickly.
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And so it's one of those thingsthat could I have saved myself a
little bit of you know, stressand maybe a little bit of work had
I brought her in earlier. PerhapsThe other thing is we had done some
extra painting. We were trying toyou know, kind of neutralize the house.
It's not like we had crazy colors. We didn't have like really shocking
colors, you know, in anyhue, but some things, you know,
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maybe probably a little dated by today'scolor palette. So we were going
to refreshen those a little bit,and in hindsight, don't know that we
really needed to do that given theinventory that's out there. The house was
clean, it was very neat,everything was emptied out, I mean,
and from that perspective it showed nicelyand so probably could have saved ourselves,
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you know, a little bit ofwork and certainly a little bit of stress
had we talked to her and lether in our house a little bit earlier
for her to be able to gothrough and say, you know, yeah,
this we do need to do somethingwith that. No, hope,
you can just let it be asis. We're not going to worry about
it. Chances are the buyers aregoing to want to do their own thing
with it anyway, so you know, don't stress about that. And she
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ended up being one hundred percent correctabout that. Uh. And this kind
of is a piggyback to you know, I say, talk to an agent
early in the process, and thatwould probably also be true on the buying
side, because if you can startto talk to someone about the areas that
you're interested in, the especially ifyou've got specific neighborhoods or subdivisions or there's
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something specific about the property that you'relooking for, maybe you're looking for something
with acreage, or you're looking forsomething on the water or water access or
something like that. You know,then absolutely you want to be talking to
an agent early. They can startto put properties like that on a search.
You can too, obviously, there'sa lot of online tools that lets
you do that as well. Butit never hurts to have another set of
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eyes and another set of ears becausethey start to hear who in the neighborhood
might be getting ready to put ahouse on the market. Because it's almost
a given that once a house sellsin any particular neighborhood, there is likely
to be another home about to goon the market. That just kind of
seems to be the rule of numbersin our industry, and so agents sometimes
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will know that something's coming before ithits the market. So talk to them,
let them know what you're looking for, what your price point is,
and if there's anything unique that you'relooking for, and let somebody else you
know that hasn't in in the industryhave some eyes and ears for you on
that and whether you're on the sellingside, like I had talked about a
few minutes ago, And then theyhave their kind of contact list of service
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providers. Same thing can be trueand helpful for you as a buyer.
The house that we purchase it hadbeen owned by two people that did not
live in it. They had itas an investment property. They had had
a renter in there for approximately Iguess maybe about a year, but the
house had been sitting vacant for atleast at least a few months before we
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bought it. And what we discoveredonce we got in was there once we
had the inspection done, is thatthere were a few issues that came up
in the crawl space. They weren'tthey were not deal killers. They were,
however, substantial enough that we wentand renegotiated the price because we were
going to have to put a littlemoney into fixing these issues. We felt
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that these were issues, you know, that that needed to be addressed,
you know, almost immediately. Onewas a water slash mold issue. One
was there was a rusted hole inthe duct of the duckwork running into the
crawl space. It made for verywarm kitchen floors because all the heat was
pouring into the into the crawl space, so great for the feet in the
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on the kitchen and the hardwood floornot so great for heating a house,
and they needed to be they neededto be addressed. And I will tell
you that our realtor was able togive us. She had a guy or
a gale for everything we needed done. We had plumbing work that needed to
be done, we had, likeI said, duck work that needed to
be done, some mold work thatneeded to be done, and in all
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cases at the new house, shewas able to have somebody come out within
two days of the inspection to takea look, to give us a price
of what they thought that it wouldbe, and then when we wanted to
pull the trigger, you know,to actually have them start doing work after
we closed, they all got inthere and got most of the work done
before we even moved in, andwe were on a real tight timeframe on
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that. So I mean they dida great, great job. And I
would say as having somebody who knowssomebody, And let's face it, your
realtors tend to give service providers,you know, a lot of repeat business.
They passed their name and they referthem a lot. So it doesn't
mean you're always going to be attheir top of the list. But I
do think versus just calling somebody coldand trying to get out somebody's schedule.
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It's not uncommon if you're working withthe contractor for it to take you know,
days, weeks, sometimes months toget on their schedule to get work
done. That was not our situationat all. We were able to get
work done, people out quickly andwork done relatively quickly. And again I
owe it a lot to the factthat you know, this agent refers these
vendors a lot of business, andso when she called and connected us together,
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you know, they moved heaven andearth to to you know, to
help us and get out there.So that would be another another I guess
tip if you want to call itthat. I let's see here. I
think the only other thing that Ihad is, you know, be sure
that you ask the service professionals whenthey come out if there's anything that they
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need to do or how the processis going to work. Some of it
was pretty self explanatory, but we'vemoved from city water to well and septic.
That's a whole new world for us. I know it's not for a
lot of people, but it wasfor us, and so we ask a
lot of question estions. I took. I take nothing for granted, I
literally know nothing when it comes tothese I certainly have done, you know,
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some Google searching, and you know, did some of my own self
education. But dealing with water softeners, dealing with you know, all of
that, we're asking a lot ofquestions, you know how you know,
how often should we check this?And we had a new softener put in
in, a new iron, takethe iron out of the water, whatever
that device is called, and hadall of that put in, and you
know, you want to ask alot of questions. And I would say
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everything went really smooth. The onlytwo areas where we had a little bit
of an issue with service providers camewith the movers and came with the duckwork
people. And with the movers,I mean overall our stuff all got moved
on the day that it was supposedto be moved from point A to point
B. We did most of themove ourselves, but the heavy items,
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and you know, we had youknow, the dressers, the the bed,
the the the frame for the bed, and a piano, you know,
and some of those bigger items.We definitely had movers you will help
us with and they wrapped them andthey got them from point A to point
B. I mean a couple oflittle things I've seen on the furniture since
then. But by and large itgot moved without incident. Were there appears
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to be more I guess of anincident, if you want to call it.
That was carpet staining, and thatI was not prepared for. They
had put down pads, they hadput down the shrink wrap, you know,
and things of that nature. Yetcarpets still got stained. And I
honestly think some of it had todo with maybe the floor the bed of
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the truck that the stuff was in. It picked up something on there,
and then when they brought it intothe house it kind of got translated into
that. Now, in fairness,they came out to the new house to
work on getting We had carp newcarpet put into two rooms, and of
course now carpet is stained in oneof the new rooms. But they did
come out within a couple of daysafter, you know, they you know,
after the move, and they andthey worked to address that. So
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give them props for that. Andand in the old house we had a
pay to have the carpet cleaned.Anyway, you know, we were doing
before it went on the market,and again that was moving kind of at
warp speed, so we didn't havetime to get it all worked out.
They ended up reimbursing us for thecost to clean those two rooms, so
again the company worked in good faith. But the carpet, while cleaned at
the old house, I can't sayit came completely out, and so I
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would in hindsight now I would askmore questions about, you know, how
are you protecting the carpet at bothends and throwing pads on the floor if
they're dirty from the truck doesn't reallydo me any good. Yeah, you're
walking on pads, but if it'sjust transferring something anyway, not real helpful.
So I would probably ask a fewmore questions on that if I was
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doing it again in the near future. And then the other one was the
duck work that we had done.Like I'd mentioned, there had been some
water kind of from a furnace linerunning into the crawl space, not like
it should have been. It rusteda hole in the duck work, so
a section of the duckwork had tobe cut out and new put in.
And it was on a trunk line, so when it was a pretty involved
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jat. They did a great job. They did it within a few hours,
just on time, showed up whenthey were supposed to. All of
that went fantastic. What I guessI was a little surprised at when I
came home was that my entire househad an orange dust on every surface.
And when I say every surface,just imagine walking in in anything and I'm
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talking countertops, furniture, floors,you name it. It was now dusted
in orange. You know, desks, lamps, anything that was sitting out
had an orange dust on it becauseregisters weren't shut off, the furnace wasn't
shut off. All they did workand kind of the house paid the price
for it, and it took quitea bit of elbow grease to clean to
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clean that up, and then subsequentlyhad the air ducts clean to make sure
all of that got out of there. So we weren't going to keep reliving
this, you know, kind ofover weeks and months every time the furnace
came on. So, you know, those were kind of the two you
know, misses, if you wantto call it, that, both manageable.
You know, both companies worked withus on stuff. But you can't
ask enough questions. And some ofthese things are you know, maybe situations
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that you don't deal with every day. I certainly don't have never dealt with
having to have a section of yourduckwork. Uh, you know, saw
it off and brought out and youknow, new put in. But you
know, certainly you can always learnfrom everything. And you know, I
said, you can't ask enough questions. You know, feel free to ask
if you don't understand, if youdon't understand the process, if you want
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to understand how something's going to beprotected. I think that was my big
takeaway for any work I'm having donemoving forward, is I'm going to think
through you know, what could beimpacted by the work that they're doing.
How are you going to protect myhome or me or my furnishings from you
know, this happening so again,off the top of my head, these
are just some you know, thoughtsthat I've had since we've moved recently.
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Is it's it is a market thatstill has a limited inventory. We were
lucky enough to not be in biddingcompetition on the buying end. In hindsight,
like I said, we lucked outon both ends of the process.
We were not in a bidding warsituation when we were buying. I think
a lot of that had to dothat. It was literally the weekend between
you know, by Christmas and goinginto Christmas in New Year's and there just
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weren't many people out looking, andwe just kind of struck gold on the
timing of that. When we putour house on the market, it was
mid February and there hadn't there hadbeen one house i think for sale in
our subdivision in the recent you know, a couple of months before that,
it had been pretty slow in there. We had a ton of activity.
We've talked before on the podcast about, especially in this market, talk to
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your agent because if they're going todo like a coming soon to kind of
prep potential buyers and agents said hey, this house is coming on the market
and it's going to be available forshowings on let's say Friday or Saturday,
you can expect to have a lotof showings. For most price points.
There's always going to be exceptions,but for most homes and most price points,
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your homes likely to get a lotof interest. Ours did. We
had almost thirty showings on the firstday it was available to show. There
was an open house that had aroundfifty people at it the next day,
in addition to other showings that happenedbefore and after the scheduled open house hours.
So if you are looking to putyour home on the market, you
definitely want to talk to your agentabout should I plan to You don't have
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to necessarily leave town. We happenedto be. It worked out to our
guest benefit that we were so therewas really no inconvenience to us. It
was all happening while we were outof town anyway. But if you're not
planning to be out of town,you probably want to plan some type of
a family outing, you know,to visit Grandma, you know, do
something, because chances are you're goingto have a lot of showings on especially
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that first couple of days, thatfirst weekend, and when your house comes
on the market, and you know, to get maximum exposure, you need
to be gone so that the realtorcan schedule as many showings as possible.
So that definitely was something that weexperienced, and it's probably helpful if you
let the neighbors know. You know, we had talked to some of the
neighbors that were closest with before thesign even went in the yard to let
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them know this is what's happening,you know, you know, we're moving
and we're you know, doing thefinal stages of prep. We're talking to
the realtor. She's coming over thisday. We expect it to go on
the market around here, and welet them know all of that, and
they all commented, you know,oh my goodness, we thought they were
given something away at your old house. I mean the amount of traffic,
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you know, and everybody commented onit. All of the neighbors commented on
how much traffic there was. Soit's certainly something to you know, let
your neighbors know in advance, ifyou've got a close relationship with them,
it's the nice thing to do sothat they're not surprised first of all when
they see the yard sign, andthat they're not surprised if there's a lot
of kind of traffic in the neighborhood, you know once once it comes up,
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So that would be another piece ofinformation. So again for all of
you out there that are thinking ofbuying or selling this year, I say,
you know, best fluck to youagain. Stay in the hunt,
you know, I know, it'sa tenacious, you know process. We
had put an offer on a houseyou know, back in August of last
year. That deal fell apart.We kept, you know, we had
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been looking for months before that,you know, looked you know, between
then in the fall, and reallythought when you know, the house that
we'd gone through a couple times onthis open house when it went off the
market, literally nothing else was comingon, you know, that we were
looking for. I really thought itwas going to be spring, and had
said several times, well, it'sgoing to be spring, and that's kind
of in my head. I thoughtwe had all winner to prep our current
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home to get ready to sell,because in my mind, well, if
there's nothing on the market going intoThanksgiving, chances are we're just going to
be waiting till spring, you know, for the market to quote unquote pick
back up. And that's not whathappened. So again, I think you
can't start early enough to be havingthe conversations whether you're buying or selling.
You can't start early enough to preppingyour existing home if you're going to have
(25:56):
one to sell, to get readyto sell so that you're ready to pull
a trigger. And you're right,you know, you're ready to do it.
If all of a sudden things starthappening, and if you happen to
be running, you know, samething would be true. I mean,
you probably have some things that youcould start to pack now that you can
start to get ready, and youput yourself in the position of being as
ready to go as soon as possible, as soon as something happens. So
(26:18):
those are my tips coming from myheart, you know, to your ears,
you know, as they say,just what I've been through here recently,
and I wish you all a verysuccessful you know, spring, summer,
fall, and winter for two thousandand four buying and selling season.
If you're in the market to buyor sell, you know, please reach
out to a local Remax agent.They'd love to hear from you, and
they'd love to try to help makeyour home ownership dreams come true. All
(26:42):
right, it's been great chatting withyou. We will be back with another
episode and look forward to chatting withyou then. We hope you enjoy today's
episode. Don't forget to subscribe,write a review, or rate the show
as it helps us reach more people. You can also follow us on Facebook
and Instagram.
You are listening to the REMAX realEstate Insights show where you get real talk
by real agents. Walk to youby Remas of Southeastern Michigan. Hello and
welcome to the Remax real Estate InsightsPodcast. I am your host, Jeanette
Schneider. I happen to be thepresident of Remas of Southeastern Michigan and one
of the fun parts of my jobis hosting this podcast where we can share
(00:22):
tips and trends and things that aregoing on in the real estate industry with
listeners across Metro Detroit and perhaps beyond. This one is going to be probably
a little bit of a shorter segmentthan some of our other ones because it's
going to be me kind of speakingfrom the heart today. If you've been
listening to the last few episodes,you might have caught wind that personally,
I have made a move recently.We put an offer on a house the
(00:47):
week of Christmas, had it inspectedthe day after Christmas. That was not
the time of the year I wasplanning to move, which is going to
be part of one of my tipstoday. But we did, and then
we put our house, you know, rapidly on the market and we have
now since the end of December,been able to buy and successfully sell and
close on both of the homes.And today I'm just going to share,
(01:11):
you know, kind of off thecuff, some of the tidbits, the
tips that come to mind now thatI've been through this process. Personally,
I've obviously talked a lot about,you know, tips for buying and selling
over the years, but it's coursea little bit different when you're the one
going through it. And it hadbeen a few years. It had been
almost twenty years since my husband andI had moved last, so you know,
(01:34):
it had been a little bit sincewe'd been through the process. So
here's some things that I just wantto share with you. If you're thinking
twenty twenty four is the year foryou, or maybe you're already in the
market and you're just maybe you needsome encouragement to keep going that yes,
you can find a house, andso I just wanted to talk to you
a little bit about what we learnedalong the way. First thing I'm going
to say is for the buyers thatare out there, for some of you,
(01:57):
it has been a bit of achallenge. There's not a lot of
inventory. I know this does notcome as a surprise to you if you've
been in the market to know there'snot a lot of inventory in pretty much
any price point, pretty much anyarea of town. And I think it
was late last year. One ofthe tips we had given on the show
is not to give up, tokeep at it, to keep looking.
Boy, is that true? Andhere and here's kind of what happened to
(02:17):
us. The house that we endedup buying. We went through on an
open house back in October, andat that time it was priced higher than
my price point. We had beento a different open house earlier that day.
That house was going to end upbeing all but a tear down,
and that was just a project weweren't in the market for. And so
there was another other open house andwe're like, well, you know,
(02:38):
it's outside of our price point,but let's just go see it. Let's
just see what you know, thatmoney gets you in comparison to what we've
been looking at. And we lovedthe house, you know, kind of
from the first time we walked in, you know, loved everything most everything
about it, but it was pricetoo high, so you know, kind
of took it into consider, youknow, it kind of took it for
what it was and left while westart noticing the price started to go down
(03:00):
a little bit. Had another openhouse a couple of weeks later. We
went back through because now we're lookingat it with you maybe slightly different eyes.
It was still outside of where Iwas comfortable budget wise, but it
was at least moving in the rightdirection, so we went back through.
In this time, we start payingmore attention to like spacing details, because
we currently had had a house thathad a full basement. This house does
(03:23):
not. It has a crawl thatis a very different storage dynamic, and
so we started to take a lookof you know, what would this mean,
what would we have to get ridof? You know, are we
really serious about something like this?If it became you know, if it
became an option, well then thatwent off the market, and we thought,
well there's that. You know,well that wasn't you know, not
a missed opportunity, but you know, it wasn't meant to be lo and
(03:45):
behold, it switched realtors and itcame back on the market in I believe
early December, and right before Christmas, the week of Christmas, there was
a significant price adjustment to it.Now it was something that we could consider.
It was at the upper end ofthe price point, but it was
at least in the ballpark now.So now we schedule a private showing to
go through there and really took youknow, took a look at the house,
(04:06):
ended up ultimately writing an offer,like I said, you know,
literally a couple of days before Christmas, and from there, you know,
worked on it and it all workedout. But I say this to say,
keep looking because you never know whensomething's going to change. The listing
today at the price today isn't goingto necessarily be what it is down the
road now. I think I wasthe beneficiary. We were the beneficiaries of
(04:30):
time of year, Christmas, theholidays, December. It may be a
time of year not everybody wants theirhome on the market. It may be
a time you're that not everybody wantsto be looking. There's a lot going
on in life, and sometimes it'syou know, you want to put this
on pause. I'm going to imploreyou, if you're serious about buying,
don't put your search on pause.Keep out there, keep looking because you
(04:51):
just never know when the house thatyou're looking for either comes on the market
to begin with, or maybe itgoes through a price adjustment and it becomes
a more realistic option for you.So you know, that's kind of what
we lived. So just wanted toshare that with you. The other thing
that I'm going to share, andthis probably goes more on that if you're
going to put your home on themarket, if you currently have a home
(05:14):
and you're thinking of selling at somepoint this year, is I would say
you cannot start early enough to getready for this process. Now, truth
be told, we had kind ofloosely started. And when I say loosely
started to get ready, we haddone some initial cleaning out and purging,
you know, in the basement.You know, we had made a few
fixes around the houses, you know, kind of those those little maintenance things
(05:35):
that maybe had let slide that you'reyou know, making sure get taken care
of. We had done some ofthat, but we didn't do nearly as
much as we probably could and shouldhave. Let's say, in August,
September, October, before we gotserious about this house. And now all
of a sudden, we were feelinga lot of pressure that not only are
(05:56):
we trying to negotiate this, youknow, the new house that we're trying
to buy, we're having inspect done, We're having to have some service providers
come out and quote us on somework that needs to be done out there.
We're also at the same time tryingto clean and purge and donate and
pack and do all the things thatat our current house. And in the
end we were able to manage itall. But I would say had we
(06:16):
several times we've said we should havestarted earlier. We technically we were in
the market, we were looking,we were going through open houses, we
were doing all of that, butwe weren't probably doing as much as we
could have done and should have doneto prepare ourselves to get our current home
ready. So I say, youdefinitely can't start early enough, because realistically,
if you're like I think most peoplethat have been in their homes a
(06:39):
while, you're going to have somedifferent piles. If you're looking to purge
and get rid of some things,declutter, whatever words you want to use,
you're going to have things that youmaybe want to try to donate.
They're still serviceable, they're usable bysomebody, And then that becomes are you
taking it someplace? Are you havingto schedule somebody to come to your house?
To pick it up. In ourcase, we donate a lot of
(07:00):
our stuff to either the Furniture Bankor Purple Heart. Purple both will come
pick up, but they both haveschedules. I kind of learned that that
donates stuff, which is what youcan donate to Purple Heart and a few
other agencies through in our area.They came out once a week that there
was a Wednesday was the day thatthey were going to be in our neighborhood,
and they ended up coming like fouror five weeks in a row because
(07:20):
I kept finding more things to givethem. But you know, that process
can only move so fast if you'relooking to have somebody come to your house.
Same with Furniture Bank. Now youcan pay them to come out a
little bit quicker if you're on amore of a tight time frame, But
if you want the free service,you know then it's going to be You're
going to schedule and it's probably goingto be a weaker or a week or
(07:40):
two out, so you want tokind of get that going. The other
thing is is maybe you have somethings that you're trying to sell. Made
very very good use of Facebook Marketplaceand was able to sell a lot of
things on marketplace, but you knowthat takes you know, some some things
take a little bit longer than others, you know, to get out and
you've got multiple people and you finallyfind somebody who's serious about buying and all
(08:03):
of that. It's not hard,it just can take a little time.
So you've got that dynamic, andthen you're going to have potentially the dynamic
of I've got some things that youknow, they're not recyclable, they're they're
not donatable. You know, nobodywants to buy them, and they're truly
probably going to end an in ajunker trash pile. And what do you
do with that stuff? We weretrying to do as much as we could
(08:26):
through our regular curb side pickup.But there are some items, whether it's
you know, maybe old paint orthings that have to be disposed of in
a certain way, or they're big, bulky things that you know, sitting
by the curb doesn't really work verywell. And so you're going to have
some of that too. And thenwhen you've got that pile, are you
taking it to the to the dump, are you taking it, you know,
to someplace, or are you goingto hire a third party? To
(08:50):
come take it away for you,and you have to allot that that could
take a little time. So whenI say start earlier in the process,
my lessons learned was, while youcan manage all this in a really short
time frame, if you have to, if you can start the process a
little earlier and get some of thisout of the way before you even find
the home that you want to buy, I certainly think it will take you
(09:11):
know, a little a little stressoff of you and help you kind of
get through that phase. The otherthing I don't think that you really can
start too early, especially if you'reon the selling side, is to talk
to an agent, talk to alocal agent early in the process. Now,
we did talk to an agent earlyin the process. I mean the
(09:31):
one that we chose. You know, she was working with us. She
knew, you know, we werekind of out there looking and if and
when the right house came, youknow, we were going to be ready
to move. We had spoken toa lender, we had gone through the
pre approval process a couple of times. The first house, you know,
the deal fell apart the time framefor the pre approval lapse. We had
to get a second one. Imean, so she knew we were serious,
but we and admittedly probably more me, kind of held her off a
(09:54):
little bit from coming out to thehouse because I wanted to get it as
perfect as possible. I wanted toget as much you know, clutter,
removed as much junk out of thehouse, donate as much things, finished,
fixing a few things around the housebefore we had her come in,
and you know, tell us whatwe any last touches we needed to do.
I wanted the house to be asnear perfect as possible, and that's
(10:15):
probably a little bit of my perfectionismthe side of me. I wanted the
house to show well, to haveher come in and have very little that
she had to tell us to do. The reality is is once she came
in, we really did have verylittle to do. But she was very
helpful in that she has this whole, for lack of a better word,
you know, a team or rolodexor contact list of people that she has
(10:41):
that are service providers, whether that'sjunk callers, whether it's people to do
cleaning. I mean, there wasa variety of a few different things that
needed to be done to kind ofget us across the finish line and at
this point, we're trying to moveinto the new house. We actually had
a pre planned vacation out of townthat couldn't have come at a worse time,
and we're trying to manage all ofthis, and it was a breath
(11:01):
of fresh air and really a reliefthat she was able to come in and
say, go ahead, you leavetown as planned. I'm going to have
my people come in and in aday they're going to take care of all
of this stuff for you that withtrying to work and do everything else,
it's going to take you another weekto get done. And she was right,
it was we left town, theyhandled it and handled it very quickly.
(11:22):
And so it's one of those thingsthat could I have saved myself a
little bit of you know, stressand maybe a little bit of work had
I brought her in earlier. PerhapsThe other thing is we had done some
extra painting. We were trying toyou know, kind of neutralize the house.
It's not like we had crazy colors. We didn't have like really shocking
colors, you know, in anyhue, but some things, you know,
(11:43):
maybe probably a little dated by today'scolor palette. So we were going
to refreshen those a little bit,and in hindsight, don't know that we
really needed to do that given theinventory that's out there. The house was
clean, it was very neat,everything was emptied out, I mean,
and from that perspective it showed nicelyand so probably could have saved ourselves,
(12:03):
you know, a little bit ofwork and certainly a little bit of stress
had we talked to her and lether in our house a little bit earlier
for her to be able to gothrough and say, you know, yeah,
this we do need to do somethingwith that. No, hope,
you can just let it be asis. We're not going to worry about
it. Chances are the buyers aregoing to want to do their own thing
with it anyway, so you know, don't stress about that. And she
(12:24):
ended up being one hundred percent correctabout that. Uh. And this kind
of is a piggyback to you know, I say, talk to an agent
early in the process, and thatwould probably also be true on the buying
side, because if you can startto talk to someone about the areas that
you're interested in, the especially ifyou've got specific neighborhoods or subdivisions or there's
(12:46):
something specific about the property that you'relooking for, maybe you're looking for something
with acreage, or you're looking forsomething on the water or water access or
something like that. You know,then absolutely you want to be talking to
an agent early. They can startto put properties like that on a search.
You can too, obviously, there'sa lot of online tools that lets
you do that as well. Butit never hurts to have another set of
(13:07):
eyes and another set of ears becausethey start to hear who in the neighborhood
might be getting ready to put ahouse on the market. Because it's almost
a given that once a house sellsin any particular neighborhood, there is likely
to be another home about to goon the market. That just kind of
seems to be the rule of numbersin our industry, and so agents sometimes
(13:30):
will know that something's coming before ithits the market. So talk to them,
let them know what you're looking for, what your price point is,
and if there's anything unique that you'relooking for, and let somebody else you
know that hasn't in in the industryhave some eyes and ears for you on
that and whether you're on the sellingside, like I had talked about a
few minutes ago, And then theyhave their kind of contact list of service
(13:52):
providers. Same thing can be trueand helpful for you as a buyer.
The house that we purchase it hadbeen owned by two people that did not
live in it. They had itas an investment property. They had had
a renter in there for approximately Iguess maybe about a year, but the
house had been sitting vacant for atleast at least a few months before we
(14:15):
bought it. And what we discoveredonce we got in was there once we
had the inspection done, is thatthere were a few issues that came up
in the crawl space. They weren'tthey were not deal killers. They were,
however, substantial enough that we wentand renegotiated the price because we were
going to have to put a littlemoney into fixing these issues. We felt
(14:37):
that these were issues, you know, that that needed to be addressed,
you know, almost immediately. Onewas a water slash mold issue. One
was there was a rusted hole inthe duct of the duckwork running into the
crawl space. It made for verywarm kitchen floors because all the heat was
pouring into the into the crawl space, so great for the feet in the
(14:58):
on the kitchen and the hardwood floornot so great for heating a house,
and they needed to be they neededto be addressed. And I will tell
you that our realtor was able togive us. She had a guy or
a gale for everything we needed done. We had plumbing work that needed to
be done, we had, likeI said, duck work that needed to
be done, some mold work thatneeded to be done, and in all
(15:18):
cases at the new house, shewas able to have somebody come out within
two days of the inspection to takea look, to give us a price
of what they thought that it wouldbe, and then when we wanted to
pull the trigger, you know,to actually have them start doing work after
we closed, they all got inthere and got most of the work done
before we even moved in, andwe were on a real tight timeframe on
(15:39):
that. So I mean they dida great, great job. And I
would say as having somebody who knowssomebody, And let's face it, your
realtors tend to give service providers,you know, a lot of repeat business.
They passed their name and they referthem a lot. So it doesn't
mean you're always going to be attheir top of the list. But I
do think versus just calling somebody coldand trying to get out somebody's schedule.
(16:00):
It's not uncommon if you're working withthe contractor for it to take you know,
days, weeks, sometimes months toget on their schedule to get work
done. That was not our situationat all. We were able to get
work done, people out quickly andwork done relatively quickly. And again I
owe it a lot to the factthat you know, this agent refers these
vendors a lot of business, andso when she called and connected us together,
(16:25):
you know, they moved heaven andearth to to you know, to
help us and get out there.So that would be another another I guess
tip if you want to call itthat. I let's see here. I
think the only other thing that Ihad is, you know, be sure
that you ask the service professionals whenthey come out if there's anything that they
(16:45):
need to do or how the processis going to work. Some of it
was pretty self explanatory, but we'vemoved from city water to well and septic.
That's a whole new world for us. I know it's not for a
lot of people, but it wasfor us, and so we ask a
lot of question estions. I took. I take nothing for granted, I
literally know nothing when it comes tothese I certainly have done, you know,
(17:06):
some Google searching, and you know, did some of my own self
education. But dealing with water softeners, dealing with you know, all of
that, we're asking a lot ofquestions, you know how you know,
how often should we check this?And we had a new softener put in
in, a new iron, takethe iron out of the water, whatever
that device is called, and hadall of that put in, and you
know, you want to ask alot of questions. And I would say
(17:27):
everything went really smooth. The onlytwo areas where we had a little bit
of an issue with service providers camewith the movers and came with the duckwork
people. And with the movers,I mean overall our stuff all got moved
on the day that it was supposedto be moved from point A to point
B. We did most of themove ourselves, but the heavy items,
(17:49):
and you know, we had youknow, the dressers, the the bed,
the the the frame for the bed, and a piano, you know,
and some of those bigger items.We definitely had movers you will help
us with and they wrapped them andthey got them from point A to point
B. I mean a couple oflittle things I've seen on the furniture since
then. But by and large itgot moved without incident. Were there appears
(18:11):
to be more I guess of anincident, if you want to call it.
That was carpet staining, and thatI was not prepared for. They
had put down pads, they hadput down the shrink wrap, you know,
and things of that nature. Yetcarpets still got stained. And I
honestly think some of it had todo with maybe the floor the bed of
(18:32):
the truck that the stuff was in. It picked up something on there,
and then when they brought it intothe house it kind of got translated into
that. Now, in fairness,they came out to the new house to
work on getting We had carp newcarpet put into two rooms, and of
course now carpet is stained in oneof the new rooms. But they did
come out within a couple of daysafter, you know, they you know,
after the move, and they andthey worked to address that. So
(18:52):
give them props for that. Andand in the old house we had a
pay to have the carpet cleaned.Anyway, you know, we were doing
before it went on the market,and again that was moving kind of at
warp speed, so we didn't havetime to get it all worked out.
They ended up reimbursing us for thecost to clean those two rooms, so
again the company worked in good faith. But the carpet, while cleaned at
the old house, I can't sayit came completely out, and so I
(19:17):
would in hindsight now I would askmore questions about, you know, how
are you protecting the carpet at bothends and throwing pads on the floor if
they're dirty from the truck doesn't reallydo me any good. Yeah, you're
walking on pads, but if it'sjust transferring something anyway, not real helpful.
So I would probably ask a fewmore questions on that if I was
(19:37):
doing it again in the near future. And then the other one was the
duck work that we had done.Like I'd mentioned, there had been some
water kind of from a furnace linerunning into the crawl space, not like
it should have been. It rusteda hole in the duck work, so
a section of the duckwork had tobe cut out and new put in.
And it was on a trunk line, so when it was a pretty involved
(19:59):
jat. They did a great job. They did it within a few hours,
just on time, showed up whenthey were supposed to. All of
that went fantastic. What I guessI was a little surprised at when I
came home was that my entire househad an orange dust on every surface.
And when I say every surface,just imagine walking in in anything and I'm
(20:21):
talking countertops, furniture, floors,you name it. It was now dusted
in orange. You know, desks, lamps, anything that was sitting out
had an orange dust on it becauseregisters weren't shut off, the furnace wasn't
shut off. All they did workand kind of the house paid the price
for it, and it took quitea bit of elbow grease to clean to
(20:45):
clean that up, and then subsequentlyhad the air ducts clean to make sure
all of that got out of there. So we weren't going to keep reliving
this, you know, kind ofover weeks and months every time the furnace
came on. So, you know, those were kind of the two you
know, misses, if you wantto call it, that, both manageable.
You know, both companies worked withus on stuff. But you can't
ask enough questions. And some ofthese things are you know, maybe situations
(21:10):
that you don't deal with every day. I certainly don't have never dealt with
having to have a section of yourduckwork. Uh, you know, saw
it off and brought out and youknow, new put in. But you
know, certainly you can always learnfrom everything. And you know, I
said, you can't ask enough questions. You know, feel free to ask
if you don't understand, if youdon't understand the process, if you want
(21:30):
to understand how something's going to beprotected. I think that was my big
takeaway for any work I'm having donemoving forward, is I'm going to think
through you know, what could beimpacted by the work that they're doing.
How are you going to protect myhome or me or my furnishings from you
know, this happening so again,off the top of my head, these
are just some you know, thoughtsthat I've had since we've moved recently.
(21:52):
Is it's it is a market thatstill has a limited inventory. We were
lucky enough to not be in biddingcompetition on the buying end. In hindsight,
like I said, we lucked outon both ends of the process.
We were not in a bidding warsituation when we were buying. I think
a lot of that had to dothat. It was literally the weekend between
you know, by Christmas and goinginto Christmas in New Year's and there just
(22:15):
weren't many people out looking, andwe just kind of struck gold on the
timing of that. When we putour house on the market, it was
mid February and there hadn't there hadbeen one house i think for sale in
our subdivision in the recent you know, a couple of months before that,
it had been pretty slow in there. We had a ton of activity.
We've talked before on the podcast about, especially in this market, talk to
(22:38):
your agent because if they're going todo like a coming soon to kind of
prep potential buyers and agents said hey, this house is coming on the market
and it's going to be available forshowings on let's say Friday or Saturday,
you can expect to have a lotof showings. For most price points.
There's always going to be exceptions,but for most homes and most price points,
(23:00):
your homes likely to get a lotof interest. Ours did. We
had almost thirty showings on the firstday it was available to show. There
was an open house that had aroundfifty people at it the next day,
in addition to other showings that happenedbefore and after the scheduled open house hours.
So if you are looking to putyour home on the market, you
definitely want to talk to your agentabout should I plan to You don't have
(23:22):
to necessarily leave town. We happenedto be. It worked out to our
guest benefit that we were so therewas really no inconvenience to us. It
was all happening while we were outof town anyway. But if you're not
planning to be out of town,you probably want to plan some type of
a family outing, you know,to visit Grandma, you know, do
something, because chances are you're goingto have a lot of showings on especially
(23:45):
that first couple of days, thatfirst weekend, and when your house comes
on the market, and you know, to get maximum exposure, you need
to be gone so that the realtorcan schedule as many showings as possible.
So that definitely was something that weexperienced, and it's probably helpful if you
let the neighbors know. You know, we had talked to some of the
neighbors that were closest with before thesign even went in the yard to let
(24:08):
them know this is what's happening,you know, you know, we're moving
and we're you know, doing thefinal stages of prep. We're talking to
the realtor. She's coming over thisday. We expect it to go on
the market around here, and welet them know all of that, and
they all commented, you know,oh my goodness, we thought they were
given something away at your old house. I mean the amount of traffic,
(24:29):
you know, and everybody commented onit. All of the neighbors commented on
how much traffic there was. Soit's certainly something to you know, let
your neighbors know in advance, ifyou've got a close relationship with them,
it's the nice thing to do sothat they're not surprised first of all when
they see the yard sign, andthat they're not surprised if there's a lot
of kind of traffic in the neighborhood, you know once once it comes up,
(24:52):
So that would be another piece ofinformation. So again for all of
you out there that are thinking ofbuying or selling this year, I say,
you know, best fluck to youagain. Stay in the hunt,
you know, I know, it'sa tenacious, you know process. We
had put an offer on a houseyou know, back in August of last
year. That deal fell apart.We kept, you know, we had
(25:12):
been looking for months before that,you know, looked you know, between
then in the fall, and reallythought when you know, the house that
we'd gone through a couple times onthis open house when it went off the
market, literally nothing else was comingon, you know, that we were
looking for. I really thought itwas going to be spring, and had
said several times, well, it'sgoing to be spring, and that's kind
of in my head. I thoughtwe had all winner to prep our current
(25:33):
home to get ready to sell,because in my mind, well, if
there's nothing on the market going intoThanksgiving, chances are we're just going to
be waiting till spring, you know, for the market to quote unquote pick
back up. And that's not whathappened. So again, I think you
can't start early enough to be havingthe conversations whether you're buying or selling.
You can't start early enough to preppingyour existing home if you're going to have
(25:56):
one to sell, to get readyto sell so that you're ready to pull
a trigger. And you're right,you know, you're ready to do it.
If all of a sudden things starthappening, and if you happen to
be running, you know, samething would be true. I mean,
you probably have some things that youcould start to pack now that you can
start to get ready, and youput yourself in the position of being as
ready to go as soon as possible, as soon as something happens. So
(26:18):
those are my tips coming from myheart, you know, to your ears,
you know, as they say,just what I've been through here recently,
and I wish you all a verysuccessful you know, spring, summer,
fall, and winter for two thousandand four buying and selling season.
If you're in the market to buyor sell, you know, please reach
out to a local Remax agent.They'd love to hear from you, and
they'd love to try to help makeyour home ownership dreams come true. All
(26:42):
right, it's been great chatting withyou. We will be back with another
episode and look forward to chatting withyou then. We hope you enjoy today's
episode. Don't forget to subscribe,write a review, or rate the show
as it helps us reach more people. You can also follow us on Facebook
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