kati1337
2022-02-21 08:48:47
- #1
A little update at this point:
The house has been sold after just over a week.
We have already made a good preselection of whom we will do a viewing with. We took a lot of time for each viewing. We scheduled one hour. During off-peak times, we even often took longer. One couple – with whom there was also a great rapport – ended up being here for 3 hours. :D
Several of those who came here immediately gave a positive response. All at the maximum price we wanted. No one outbid us on their own. But I had already said in advance that I am not a fan of such bidding battles. I think with 540k the house is well paid for, and the deal is fair for both sides. Our buyers see it that way as well.
However, I was also able to observe the effect of asset value vs. market value. There is definitely something to it. We had some interested parties who really wanted to have the house, but they didn’t even get a viewing appointment because the banks simply said “no.”
At the price at which we now had several commitments, you can hardly finance without equity because the bank does not lend that much. I assume that’s what you were discussing here?
The buyers we chose were not only at the top in terms of likeability but also perfectly prepared at all times. You could tell that they had already lost properties to others on the market. They sent financing documents with their first message, had almost committed before the viewing, were fired up afterward, gave a definite commitment in our living room. They had already, on a whim, made a bank appointment early this morning to finalize the financing. And when we called yesterday to clarify how their financing was going and then received the commitment, there were tears of joy. That’s really heartwarming for us, to know that those taking over so highly appreciate our dream house. ♥
It will still be tough during the week. Once the financing is secured, which I do not doubt since the party already owns a paid-off property, I will have to deliver some bad news to a few other, also very likeable people, that we are taking the path with other buyers.
The house has been sold after just over a week.
We have already made a good preselection of whom we will do a viewing with. We took a lot of time for each viewing. We scheduled one hour. During off-peak times, we even often took longer. One couple – with whom there was also a great rapport – ended up being here for 3 hours. :D
Several of those who came here immediately gave a positive response. All at the maximum price we wanted. No one outbid us on their own. But I had already said in advance that I am not a fan of such bidding battles. I think with 540k the house is well paid for, and the deal is fair for both sides. Our buyers see it that way as well.
However, I was also able to observe the effect of asset value vs. market value. There is definitely something to it. We had some interested parties who really wanted to have the house, but they didn’t even get a viewing appointment because the banks simply said “no.”
At the price at which we now had several commitments, you can hardly finance without equity because the bank does not lend that much. I assume that’s what you were discussing here?
The buyers we chose were not only at the top in terms of likeability but also perfectly prepared at all times. You could tell that they had already lost properties to others on the market. They sent financing documents with their first message, had almost committed before the viewing, were fired up afterward, gave a definite commitment in our living room. They had already, on a whim, made a bank appointment early this morning to finalize the financing. And when we called yesterday to clarify how their financing was going and then received the commitment, there were tears of joy. That’s really heartwarming for us, to know that those taking over so highly appreciate our dream house. ♥
It will still be tough during the week. Once the financing is secured, which I do not doubt since the party already owns a paid-off property, I will have to deliver some bad news to a few other, also very likeable people, that we are taking the path with other buyers.