ᐅ Home buying/selling: What is the current demand? Looking for experiences and insights.
Created on: 1 Oct 2018 17:26
N
Nafetsm
Hello,
I’m interested in hearing about your experiences with buying or selling a house.
I want to get a sense of the current demand, as we are planning to sell our house for professional reasons. My question is: should we sell through an agent or handle it ourselves? I feel confident managing the sale myself (I have experience), but what about the time commitment?
Everyone prefers to buy directly from the owner to save on the commission. But how much effort does selling a house really require nowadays? I don’t have time to deal with countless prospective buyers or constantly answer emails. On the other hand, I can sell the house better because I know it inside out.
We live in a highly desirable area. The house is in a good location within a modern neighborhood, with excellent infrastructure. It was built by us, is in top condition with high-end finishes, still under warranty, and according to my regular checks on property portals, a true gem on the local market – this is also confirmed by others.
Have you recently bought or sold a property and can share how much effort was involved, how much interest there was, and how competitive the market among buyers was? Thanks!!
I’m interested in hearing about your experiences with buying or selling a house.
I want to get a sense of the current demand, as we are planning to sell our house for professional reasons. My question is: should we sell through an agent or handle it ourselves? I feel confident managing the sale myself (I have experience), but what about the time commitment?
Everyone prefers to buy directly from the owner to save on the commission. But how much effort does selling a house really require nowadays? I don’t have time to deal with countless prospective buyers or constantly answer emails. On the other hand, I can sell the house better because I know it inside out.
We live in a highly desirable area. The house is in a good location within a modern neighborhood, with excellent infrastructure. It was built by us, is in top condition with high-end finishes, still under warranty, and according to my regular checks on property portals, a true gem on the local market – this is also confirmed by others.
Have you recently bought or sold a property and can share how much effort was involved, how much interest there was, and how competitive the market among buyers was? Thanks!!
Nafetsm schrieb:
Bidding process... but there is also a high risk that only joke bids will be submitted. I’m not sure if people will actually pay what we expect (market value according to Immoscout).
Generally, as a bidder, I would also try to pay as little as possible.
How can I protect myself against “spectators”? How would you approach this? Of course, I want to show the house only to genuinely interested buyers, not just curious people who have always wanted to see what it looks like inside. How can I protect myself against someone backing out on the way to the notary? For example, the agent could contractually require 1% of the commission and then claim it. But what about private sellers? That’s why there is a base price set to the market value. You shouldn’t imagine this like on eBay :-p
Nafetsm schrieb:
How can I protect myself against someone backing out on the way to the notary? You can’t. If the first buyer does back out, you simply sell to the next one. Make sure to get a financing confirmation from the bank beforehand, as they are more likely to provide serious buyers. But the deal is only truly secure after signing. What exactly are you worried might happen that you feel you need protection against?
I would first delete the profile picture here to avoid any risk of being recognized, for example through a Google image search. You haven’t only written positive things about your house 😉
I wouldn’t worry too much about the rest. Instead, be glad that prices have continued to rise. The chance to get the original purchase price, possibly with a bit of profit, is not bad at all.
I wouldn’t worry too much about the rest. Instead, be glad that prices have continued to rise. The chance to get the original purchase price, possibly with a bit of profit, is not bad at all.
Alex85 schrieb:
First, I would delete your profile picture here to avoid any risk of being identified, for example through a Google image search. You haven’t written only positive things about your house 😉
I wouldn’t worry too much about the rest. Instead, be glad that prices keep rising. The chance to recover the purchase price, possibly with a small profit, is not bad.You clever foxThe "risk" is always there, whether you use a real estate agent or not! But honestly, I don’t really see the problem. The interested buyers from the first round don’t just disappear. You take the second person on the list, call them, say, “Hello, the buyer backed out, are you still interested?” And just like that, it’s done. Or you just have to call the third person. You’ll survive.