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Old 09-21-2013, 03:10 PM   #1
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"Wannabe" future fulltimers, can't sell the house

Hello all! The wife an I want to get a class A and hit the road so bad we can taste it. Problem #1, We can't seem to sell the house.
We have de-cluttered, listed with a real good local Realtor who is with a multi national firm at the suggested price and after 10 months and about a dozen lookers, nothing.
I guess my question is, do any of you that have already done this have any idea's as to what else we can do if anything to get the house sold. It is a beautiful place on 5 acres in Glade Hill VA. only about 8 miles from town. We simply don't understand it. I know that real estate markets are different in different parts of the country but any and all suggestions would be appreciated.
Hope to join you all soon!!
Tom & Fran J.
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Old 09-21-2013, 03:24 PM   #2
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I don't know your exact circumstances, for instance if the cash for purchasing the RV is currently tied up in the house and you need to sell one before buying the other. We were fortunate enough to be able to overlap going full time with selling the house. We emptied it, prepared it for sale and literally handed the keys to a realtor and took off. When it sold (5 months later) we did all the closing paperwork electronically from the other side of the country. We have only one regret about the decision to go full time, that we didn't do it years earlier.
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Old 09-21-2013, 03:25 PM   #3
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Unless you need to sell before you can buy the RV that fits your needs, have you thought about renting/leasing the home?

JoAnn
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Old 09-21-2013, 03:40 PM   #4
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Unless you need to sell before you can buy the RV that fits your needs, have you thought about renting/leasing the home?

JoAnn
We also considered renting out the house, but when we added up mortgage, taxes, utilities and property management fees the rent we would have to charge was unreasonably high.
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Old 09-21-2013, 03:43 PM   #5
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Unfortuanatly (or fortunately, depending on how you look at it) A lot of what we have is tied up in the house. I guess there are no secrets to it, it will just take the right family to come along and buy it. Thanks for the response and wish us luck!
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Old 09-21-2013, 03:45 PM   #6
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Leasing is not really for us, We feel like we just want out of it. I guess we are just impatient. Thanks for the response.
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Old 09-21-2013, 03:53 PM   #7
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Hi and welcome to the forum.

I'm sure your'e aware that one of your challenges is that your house is on acreage and not everyone want' that "isolation".

It's much like selling an RV. Pretty much everything will sell at the right price and, even though that price might not be what you want it to be, our assets are only worth what someone is willing to pay for them at the time.

I'm afraid that it's either wait for that perfect buyer who's been looking for a place just like yours... or setting a price which attracts more buyers.

Best of luck.

Rick
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Old 09-21-2013, 03:55 PM   #8
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Leasing is not really for us, We feel like we just want out of it. I guess we are just impatient. Thanks for the response.
Exactly how we felt. We were moved to the area by our work, and had no other ties, nor did we plan ever to return to live in the house. Hang in there, someone will walk through the door, love the place and you'll be off and running. In the meantime, do lots of window shopping at RV dealerships!
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Old 09-21-2013, 03:56 PM   #9
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Quote:
Originally Posted by TomJ. View Post
Hello all! The wife an I want to get a class A and hit the road so bad we can taste it. Problem #1, We can't seem to sell the house.
We have de-cluttered, listed with a real good local Realtor who is with a multi national firm at the suggested price and after 10 months and about a dozen lookers, nothing.
I guess my question is, do any of you that have already done this have any idea's as to what else we can do if anything to get the house sold. It is a beautiful place on 5 acres in Glade Hill VA. only about 8 miles from town. We simply don't understand it. I know that real estate markets are different in different parts of the country but any and all suggestions would be appreciated.
Hope to join you all soon!!
Tom & Fran J.
We understand where you are coming from.

In the last 20 years we sold two homes in the Williamsburg area and later two in Fl. before retiring.

Sometimes it goes well and other times it does not.

We still have "family ties" to a home and property on Lake Gaston, on the Va. side. It has been on/off the market for over 6 years now.
One problem there, is some family members think it is worth more than today's market will bring.

Their thinking reflects the market of 2005.

The Real Estate market has been a buyer's market for some time.
Prices are just starting to come back.
Many places still can not even get that you tax appraiser thinks it will bring.

The old saying of Location, Location, Location
is closely now followed by Price, Price, Price.

What feedback, if any did the broker get from those looking?

What you and I might like, may be too much work for a buyer.
Example, my pool in Fl. We loved it.
Many people did not understanding that pool maintenance can really be fun.

When we bought in Ga. I wanted some land,
not a city lot. 5 Ac. would have been the max limit for me to take care of due to health conditions. We found 2.67 of wooded acres
in a small development. Both of us got what
we wanted.

Your Agent should know how to stage the home and present the best features. He should be
doing more than listing it in a multi-listing service. He should be advertising it, at least
both locally and regionally. He should show you the advertising.

Then we come back to price.
We all want to buy low and sell high.
Be realistic on the price. Look at what local property is going for.
Compare prices.

It is really a waiting game for the right buyer.

Good Luck.
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Old 09-21-2013, 04:04 PM   #10
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We also considered renting out the house, but when we added up mortgage, taxes, utilities and property management fees the rent we would have to charge was unreasonably high.
Oh, sorry. Well, here's hoping it sells soon.

JoAnn
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Old 09-21-2013, 04:35 PM   #11
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Trade the house and land for a rv with some side cash
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Old 09-21-2013, 05:19 PM   #12
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Thanks K&K, In the 2005 market we considered selling(and should have,no crystal ball)and the price then was 55k more. Think people today are a little less prone to want to mow 3 acres of grass. It is a rural market so not as many lokkers as in a city or suburb but we are encouraged by the amount of viewings we have had. As far as feedback from the realtors, no real negative comments and 3 couples that claimed to "LOVE IT" but no offers.
We will "keep the faith" and one day by golly you will see us out there!!
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Old 09-21-2013, 05:46 PM   #13
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We had a similar situation with a home on 5 acres when we sold in 2007. The market was just starting to decline and we were very fortunate to get an offer just 8% below our starting price. On one hand, the pool of buyers for your property is limited. On the other hand, any buyer looking for a unique property such as your has very limited opportunity.

Have a very frank discussion with your realtor. Make sure the realtors are touring your property. Think about offering a cash "spif" for the selling agent above the fee. Put a cash allowance in for "move in expenses" to be paid at close. In my opinion you are not getting enough showings. Your realtor needs to do something to generate interest and traffic through the home. Make sure the realtor knows you are looking for him to perform.
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Old 09-21-2013, 07:20 PM   #14
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Thaks Steve, you had some good idea's. Nothing works better than an ($) incentive to bring buyers. Thanks
Tom J.
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