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After 7 long months, I finally sold my house!
Posted by: earache
Date: October 25, 2006 09:57AM
Actually, it's not final yet, but we just accepted the offer. It was our only offer in the entire 7 months. The buyers are getting a great deal. $80K off our original asking price of $530K. This is in N. Calif, in the heart of wine country, Sonoma County, where sales have been slower than ever. The house (1150sqft) goes to a nice young couple just starting out. Hard to believe I bought the house (my first) in '94 for only $150K. Going to make some nice profit which will help offset the cost of my new house. Bought an $800K monster (2900sqft) in June and have been sweating two mortgage payments since. It will be nice to stop hemorrhaging money.

Escrow closes in 14-21 days, then it'll be time for a party. Weeeeee!

Just had to share because it's a major load off my mind.



earache
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Re: After 7 long months, I finally sold my house!
Posted by: SteveJobs
Date: October 25, 2006 10:04AM
Those prices are insane. I can buy 9 houses for that much money.



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Re: After 7 long months, I finally sold my house!
Posted by: mattkime
Date: October 25, 2006 10:06AM
What kind of nice young couple can afford a home at nearly half a million??



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Re: After 7 long months, I finally sold my house!
Posted by: Lux Interior
Date: October 25, 2006 10:11AM
1150 sqft and $530K don't match up in my world.

My sister bought a one bedroom co-op on the upper west side for $650K. Not in my world either.

I will take my 2400 sqft & 0.6 acre for a pittance.


Stop the insanity!
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Re: After 7 long months, I finally sold my house!
Posted by: AlphaDog
Date: October 25, 2006 10:14AM
We made our last move during a slow market, too. Making two mortgage payments each month is so depressing. Congratulations! I feel your relief! smiling smiley
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Re: After 7 long months, I finally sold my house!
Posted by: Paul F.
Date: October 25, 2006 10:23AM
Congratulations!


As a side note;
Anyone who thinks there is no "housing bubble", needs to examine those numbers...
Half a million for 1150 ft/sq.
Granted, the "bubble" is worse in big parts of California (where Earache is...), but still...



Paul F.
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A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.

--

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--
Eureka, CA
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Re: After 7 long months, I finally sold my house!
Posted by: incognegro
Date: October 25, 2006 10:25AM
We have a 3200 SF brick single Victorian, got it for $162K in early 2001.
Our realtor told us it's probably worth $300K today.
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Re: After 7 long months, I finally sold my house!
Posted by: SteveJobs
Date: October 25, 2006 10:54AM
There are 33,433 homes for sale in San Francisco Bay Area, CA as of 3 minutes ago.



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Re: After 7 long months, I finally sold my house!
Posted by: papercup
Date: October 25, 2006 10:57AM
Quote
SteveJobs
There are 33,433 homes for sale in San Francisco Bay Area, CA as of 3 minutes ago.

Out of about 7 million people? Seems low.
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Re: After 7 long months, I finally sold my house!
Posted by: Chupa Chupa
Date: October 25, 2006 10:58AM
Quote
SteveJobs
Those prices are insane. I can buy 9 houses for that much money.

Not in the metro DC area you can't. Point being location is everything. Sure you can easily buy a nice $200K home in some of the Atlanta burbs, but that ain't in the middle of Sonoma wine country.

Anyway congrats Earache. Suddendly your checkbook will feel a lot heavier now with one less payment to make.
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Re: After 7 long months, I finally sold my house!
Posted by: Jem
Date: October 25, 2006 11:00AM
Quote
Lux Interior
1150 sqft and $530K don't match up in my world.

My sister bought a one bedroom co-op on the upper west side for $650K. Not in my world either.

I will take my 2400 sqft & 0.6 acre for a pittance.


Stop the insanity!

I was thinking the same thing.

We got our 2700 sq. ft. 1749 Colonial (.45 acre) in '98 for $109,000. It's now worth around $300,000.

Can't imagine paying $530K for 1100 sq. ft. But Congrats to you for finally moving your property.
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Re: After 7 long months, I finally sold my house!
Posted by: SteveJobs
Date: October 25, 2006 11:00AM
Quote
papercup
Quote
SteveJobs
There are 33,433 homes for sale in San Francisco Bay Area, CA as of 3 minutes ago.

Out of about 7 million people? Seems low.

I didn't come up with that number. One of their real estate sites has a real-time-ish ticker.



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Re: After 7 long months, I finally sold my house!
Posted by: SteveJobs
Date: October 25, 2006 11:01AM
Quote
Chupa Chupa
Quote
SteveJobs
Those prices are insane. I can buy 9 houses for that much money.

Not in the metro DC area you can't. Point being location is everything. Sure you can easily buy a nice $200K home in some of the Atlanta burbs, but that ain't in the middle of Sonoma wine country.

Anyway congrats Earache. Suddendly your checkbook will feel a lot heavier now with one less payment to make.

I never said ANYWHERE in the world. There are tons of much below $100k NEW houses out there. And the savings can buy you as much wine or commercial airfare to anywhere you want to go for years.



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Edited 1 time(s). Last edit at 10/25/2006 11:02AM by SteveJobs.
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Re: After 7 long months, I finally sold my house!
Posted by: DavidS
Date: October 25, 2006 01:11PM
Congrats on the upcoming sale. When we moved back to Atlanta, our house in Cincinnati was still on the market. We had double mortgage payments for about 6 months. I guess that's what that "emergency fund" is for that financial people say everyone should have.
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Re: After 7 long months, I finally sold my house!
Posted by: billb
Date: October 25, 2006 03:55PM
We can hope for a speedy advancement from this:



to this:




I lived in a tiny 2nd floor apartment between homes.
6 months of horrible. (was supposed to be thirty days)

I could remove the house on this current property and still double what I paid for it.
Kind of an old tiny house, so the property might be more valuable without the house.
It's home.
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Re: After 7 long months, I finally sold my house!
Posted by: wowzer
Date: October 25, 2006 07:37PM
Quote
SteveJobs
Those prices are insane. I can buy 9 houses for that much money.

Where? You can't find anything less than 600k in NYC...for a house, it's at least that much. 2 and 3 bedroom condos go for about 500k.



All I ever really needed to know, I learned from watching Star Trek.
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Re: After 7 long months, I finally sold my house!
Posted by: vision63
Date: October 25, 2006 09:04PM
Way to go earache. I'm feeling Sonoma County you can bet. Alameda County is though. I have BART.

Prices are Apples and Oranges. I could buy a nice home in Atlanta for "less" than $200,000 dollars, but it won't be where I really would want to live. Ansley Park, Morningside Park, Virginia Highlands, Midtown, Buckhead, Inman Park, Candler Park would be my choice neighborhoods. Intown living. That's not close to $200,000.
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Re: After 7 long months, I finally sold my house!
Posted by: rgG
Date: October 25, 2006 09:35PM
Congratulations, I'm sure that is a load off your mind. Those prices just blow me away. I live in a suburb just north of Atlanta and you could get so much more house and land here for that money, but as some have said, it would be Atlanta and not CA. In town Atlanta prices are ridiculous, too, just not quite as ridiculous as that.





Roswell, GA (Atlanta suburb)
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Re: After 7 long months, I finally sold my house!
Posted by: billb
Date: October 26, 2006 12:43PM
Nantucket,Ma., and Aspen , Co., seem to be the two priciest areas to buy.
$1.5 Mill median home prices. Wow.
[www.gmacrealestate.com]

-and this is second home buyers pushing the market up.
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