Thursday, May 25, 2006

Real Estate Business

Ok, this is really very annoying - I typed a nice story about us selling the house and was ready to publish it when the stupid blog crashed. So of course nothing was saved.

So basically, we're finally selling the house. We signed all the papers two days ago and got a big red sign in the yard yesterday (I should take a picture of it). All our remodeling is finished. Well, almost all, since we still have to buy one bi-fold closet door, install new carpet on the stairs, and get all the construction mess out of the garage. But we bravely fought through all the little and medium-size obstacles thrown our way by a heartless corporate monster known as Home Depot and by scores of contractors and sub-contractors that we dealt with throughout the remodeling process.

Overall, we've made a lot of changes to this house since we bought it. Hopefully, it will help us to sell the place quickly and with good profit. The market is cooling off and there's a lot of inventory now. So it's much more difficult to sell a house now than even 6 months ago. But hopefully it'll play in our favor when we proceed to buying our next house.

We decided not to go with a traditional real estate agency because it sucks paying 6% of the selling price to someone that is not even your friend or relative. Yeah-yeah, they do a lot of work, supposedly, but the gig must still be very sweet. If they were truly overworked and underpaid as some of them claim to be, we'd have illegal immigrants doing this kind of job. Anyway, we went with this Assist2Sell (CLICK HERE TO SEE OUR HOUSE) service. They are a full-service realty and operate nationwide. But they charge a flat fee of about $3000 if they sell the place and not a penny more. Of course, we had to also put our house on MLS listing (CLICK HERE TO SEE OUR HOUSE) to give it a better exposure and increase our chances. So now we'll probably have to pay 2.5% to the buyer's realtor (unless Assist2Sell people find us a buyer as well). Still we'll save two to three thousand dollars compared to going through a traditional real estate agent. And it's the next best thing after Selling by Owner, which we have no time for.

Our first showing is actually tonight. So wish us luck.


Kitchen BEFORE

Kitchen AFTER

Master Bedroom BEFORE

Master Bedroom AFTER

Living Room BEFORE

Living Room AFTER

Front of the House AFTER