Wow. Thanks for your response to the cute little house on Wrenford. I received 15 written offers in the span of just 48 hours. Top bidder? $36,000 in cash, quick close and no inspections. Usually I wouldn't encourage a buyer to not have a house inspected, but in this case, the seller was so interested in selling, and there were SO many offers that it made sense to just cut out anyone who asked for them.
Now here's the interesting part of the story: I got a phone call yesterday from a slightly irritated neighbor who was angry at ME for pricing the house that way. "The neighbors are all frustrated because you pricing the house that way brings all our property values down." Aha. As if I dictated the market! (Wish that I could).
Here's the thing: with the death of a parent comes the realization that all you have left is some memories, a bit of stuff, and a HOUSE. What are you going to do with a house when you live across the country, around the world, or even next door? SELL IT. Who sets the price? The market sets the price. We could have priced the house at $1.00, and it still would have sold for $36,000. We could have set the price at $50,000 and it still would have sold for $36,000. We could have set the price for $75,000 and NO ONE WOULD HAVE LOOKED AT IT! Instead, the seller got the house sold, no longer has to pay the insurance, taxes etc., and one very happy homebuyer now holds title to a cute little house on Wrenford Road.
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