Seller's Motivation

I've noticed many posts from Seller's that are very well educated about their markets, but seem to have a disconnect about how to get their homes sold in relation to what/where the market is going and the true value of their home.

This probably isn't much of a topic, but just an observation.

I guess my question here is what is your core motivation to selling your home?

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November 21 2007 - US

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dgullion
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dgullion

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We want to move up.

We have a growing family with a three year old and one coming on the way. We also have an aging Grandmother at 77 years who lives in an apartment.

We want to move someplace closer to my job as I currently commute one hour each way. We need more space for growing family. We wish to find a home that would have extra bedroom or a basement area so Grandma can also live with us, instead of in her apartment alone.

Today's seller is tomorrows buyer. There is a ton of pent up demand out there but us sellers need to sell first, before we buy again.

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November 21 2007

Caleb Yamanaka, "CHUTTA"
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Caleb Yamanaka, "CHUTTA"

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Zillow All-Star

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Is Selling now imperitive? What sort of time frame is there to meet the goals you mentioned?

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November 21 2007

PJ Sassifras
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PJ Sassifras

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My husband and I would like to fast track our early retirement and move out of state. I cannot do this without selling my current home as our income would decrease dramatically.

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November 22 2007

dgullion
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dgullion

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Time frame? ... As soon as we sell our condo. Not a moment before and not a moment after.

We could live comfortably, but somewhat packed in, for another few years. I guess if you wanted to put a deadline on it I would say before September 2009.

2009 is when our three year old will start kindergarten.

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November 22 2007

lucydjacobs
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We sold for reasons similar to dgullion's reasons for moving, but we had to be on a fast-track. My elderly mother is no longer able to walk after a fall. A 60-day stint in a rehab center was a miserable experience for her. The only way she could stay out of a nursing center would be to move in with us, or to have us move in with her. She is a widow and I'm an only child.

Her home is larger than ours. She has no mortgage. Here, in her hometown, her elderly friends who no longer drive and people from church drop in frequently. She would not have seen them if she had moved in with us to a city 45 minutes away. Change would have been too hard on her at age 88.

The downside for us is that we commute. We have a nurse's aide during the days while we are at work. I'm her nurse at night and weekends. Our schedules are terribly constricted. To leave the house for an errand longer than a grocery store run, I must depend upon finding a sitter.

The upside is that mother is happy at home. We sold our home this month, and we will no longer pay a mortgage. Money from our home's sale paid off changes we did to our home to sell it, we have a base amount for our daughter's college-tutition plan, and we save $900 a month for that same purpose.

We put our home on the market for 15k less than appraisal because we kinew where the market was heading. If we had waited a year, when the Base Realignment Commission decision nearly doubles the size of my city, we would have profited a great deal more from a home sale. But we needed a quick sale because my mother needed us.

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November 22 2007

rockinblu
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My wife and I would like to move to Austin, TX. We have a daughter-in-law, two grandsons, and two sons that live there. We all thoroughly enjoy the Austin live music scene. Austin is the Live Music Capital of the World!! We plan to downsize all the way down to an apartment in a very eclectic part of Austin referred to as Soco. As we are retired and our house is paid for, we are not bound by any particular time frame, but the sooner the better.

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November 22 2007

sas912
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I'm selling a condo that I bought for my father but after a year he fell on the stairs and I bought him another condo on the ground floor, no stairs, where he is very happy. The first condo will hopefully finance the installation of the balance of my impact windows in my primary residence and a downpayment on the land I want in TN to build a vacation/retirement home where I can grow Christmas trees, have cows, and provide room for a few abused horses and some unwanted dogs along with a little subsistence farming.

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November 22 2007

rockinblu
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Glen Carbon, IL

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sas

I really commend your efforts on behalf of abused or neglected animals. However, where does the desire for the Green Acres scenario come from, with you being a Miami Beach babe and all. %-) lol

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November 22 2007

sas912
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LOL Rockin! My mother's side of the family were farmers in Ga and my uncle who lives in Atlanta still has a "victory" garden every year. Just can't take the red out of his neck! Neighbors love it though because they all get fabulous tomatoes and cucumbers and peppers every year. Being an Army brat I lived all over so its just a question of asking yourself what is important.

Example - my two crazy rescue dogs escaped from my yard yesterday and ran the streets for half an hour before the housekeeper could catch up with them, God bless her. The Irish Wolfhound was very proud of himself and just wanted to run his legs off so he was the challenge, but he allowed a stranger to call him and hold him by his collar until the housekeeper could get there. In my neighborhood, people call the police if a dog gets loose because several years ago a neighbor's dog killed one of my little dogs without provocation. I need more room so that the boys can run and play without my having to worry about the police coming.

I have always loved the woods and now with the Internet and FedEx, pretty much anything I would want or need can be shipped to me so living in a rural area is not so much of a disadvantage. I can also do research and legal memo writing from anywhere that there is high-speed access - in Fla all of the Fed courts are paperless and so everything gets filed electronically anyway, with the metropolitan State courts soon to follow suit. So I could still work when the time comes.

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November 22 2007

rockinblu
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sas

That does sound like utopia for you then. I wish you the best.

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November 22 2007

sas912
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Thanks; the one thing I have learned from being around my father's aging friends is that you stay younger so long as you are always planning for the future, and having something to look forward to.

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November 22 2007

rockinblu
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My wife and I are 67 and have a very tough time hanging out with people in our own age group. We seem to mix very well and be accepted by those in the 40 & 50 set. So I am a firm believer in that situation in keeping you younger, as well as the other 3 r's. Running and rock 'n' roll.

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November 22 2007

flack121
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flack121

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<I guess my question here is what is your core motivation to selling your home?>

My husband and I wish to move to another city/state. No time-line, no rush, no job deadlines (we freelance and contract) no financial emergency; just a desire to live in another location.

We know of others in similar circumstances that are renting their places and just making their move, but we don't wish to be long-distance landlords. We have all the time in the world, so we'll try to price smart (we're not greedy), market well, and wait for the right buyer.

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November 22 2007

caballosnegros
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caballosnegros

Spring Grove, Il

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I want to live closer to my sons- they have great jobs working for the state, so they are not going to move back this way.

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November 22 2007

lucydjacobs
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It seems we all wish to move to be with our families and our dogs!

Sas, I love Irish wolfhounds. In our "blended" household with mother, we have three dogs, three cats and conures (small parrots) learning to live in one dwelling. For a while, it was like Bosnia . We we had to keep the various warring factions from killing each other :). They all get along well now. The cats ignore the birds, and do not hang around the cage, licking cat lips. They seem to have relegated them to background noise, and pay no attention. During previous visits before we moved, mother's cats had already "trained" the dogs about the rank of superiority in the animal kingdom. Cats get respect, or dog noses get clawed.

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November 22 2007

midwestgal
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midwestgal

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We want to live closer to family back in the Midwest. My mother, in particular, has health problems, and I am just not available to her where I am now. We also want to downsize. We don't need all the space we have now.

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November 22 2007

lucydjacobs
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Oh.. Sas... when you get your Tennessee home, perhaps you can recruit here for people willing to take "vacations" at your place - meaning feeding dogs , and brushing and feeding horses when you have to be out of town and need help with the cows and pet "livestock."

We had horses when I was a child. It's tough arrange to be away from home for vacations or work when there are animals to feed.

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November 22 2007

2 Big 2 Fail
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2 Big 2 Fail

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"I guess my question here is what is your core motivation to selling your home?"

I want to sell before my town gets turned into a city. I want to live in a suburb, not an extnesion of Manhattan. I want to see single family houses when I take a walk, not apartment buildings. And everywhere I go, I see high density housing being built since zoning laws here are not worth the paper they are written on.

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November 22 2007

NikaM
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NikaM

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Sas, I hope it happens for you soon-- room for your rescued animals to run and play--how awesome! I have 2 rescue dogs of my own and I can't wait for them to get a yard again. When I was studying for my LSAT, I used to sit on my patio in Phx and they would chase each other around on the grass. Even if they dig up a couple of plants :O) it was worth it.
they are making do by chasing each other around my apt-- I just feel sorry for my downstairs neighbor :O)))

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November 22 2007

sas912
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Lucy,

The wolfhound is the most recent addition to the household - its nearly 2 years now and there is still some adjusting going on. He had been beaten, starved and lived outside behind a gas station for a very long time before coming to live with me so we have worked through the "trust" issues except with the vet. However, because they are "sight" hounds anything that moves to him is something to chase so the cats are having a tough time of it. He and the other dog, Fletcher (part bull mastiff part yellow lab) have made friends and they play together and get along 99.99% of the time. But every so often they get into it and try to kill each other. If you take in abused strays, you know that it is a long, slow process.

Carrie claims when I get the "farm" she is going to come down and plant lavendar for me and muck stalls for the abused horses I want to take in. So I'm certain there will be plenty of room for cityslickers! Just keep the dream alive until I can get my place sold (hope the place I like is still for sale by then, I'm afraid to check and see if it is.....Already missed out on one place. So pray for me.

And Dominika hopefully a yard is in your future for the New Year!

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November 22 2007

lucydjacobs
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Good luck, Sas!'

I know about rescues. Our foster-child lab, now a permenent adoptee in our home, ate an entire mattress and a cushion from a leather sofa before she figured out that we would come home at the end of the day to feed her. Separation anxiety issues.

She remains food aggressive, though, and we feed her separately from the other girls - a poodle-like thing and a part chow.

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November 22 2007

sas912
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I feel your pain lucy. My wolfhound reverted to wetting inside when I started traveling a lot this past summer and we had thunder storms that he is terrified of, and I can't seem to get a handle on it so its either crating him, or the diaper - going to try the diaper first. We had the food aggression thing with him, but the other dog is so laid back that I just stood guard while they ate and it resolved itself. Have you tried the herbal rescue remedy that you can put in their food or water? I think I'm going to try that.

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November 23 2007

CaliShannyNJ
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CaliShannyNJ

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We want to be near my family in NJ. My father passed away 2 years ago fairly young (62) and I now know that life can be so short.

Shanny

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November 23 2007

LongIslandBubble
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I'd say the biggest motivation is to sell it before the real price catches up with the fundamental price.

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November 23 2007

beachguy1965
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beachguy1965

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what is a fundamental price?

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November 23 2007

2 Big 2 Fail
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