Would you spend money to sell your house?

How much do you do if you are listing?

  • Nothing... sell it as is.

    Votes: 11 44.0%

  • Upgrade kitchen and master.

    Votes: 4 16.0%

  • Only upgrade kitchen.

    Votes: 2 8.0%

  • Do the whole thing... TarekFlipOrFlop Style!

    Votes: 2 8.0%

  • Other

    Votes: 6 24.0%
  • Total voters
    25
NEW -> Contingent Buyer Assistance Program
quattroporte said:
A little off topic, but if IHO and others on this board are thinking of selling their homes, is this indicative of a impending market peak/mini-bubble burst? A couple of my friends are listing their homes to cash in on this buying frenzy as well. They think the prices are going to come down.
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The idea of selling has always been an option if we were to find another home... I've grown tired of being a landlord so renting it out to tenants if we do move is low on our list.

The recent upturn in demand (and prices) gives us more impetus to sell, but the problem is we aren't able to find a replacement and becoming renters ourselves is also not something we are looking forward to doing again.

I don't know who else here is serious about selling because they would be in the same boat as us... where would you live?
 
I have heard of people listing their home with the contigency that they find another home to buy.  I wonder if this is true in Irvine/ OC?
 
furioussugar said:
I have heard of people listing their home with the contigency that they find another home to buy.  I wonder if this is true in Irvine/ OC?
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Very true....in Irvine, Aliso, Ladera, Tustin Ranch, etc...
 
How much does this seller contingency hold up a sale?  I would imagine lots of buyers would take a pass on this...
USCTrojanCPA said:
furioussugar said:
I have heard of people listing their home with the contigency that they find another home to buy.  I wonder if this is true in Irvine/ OC?
Click to expand...
Very true....in Irvine, Aliso, Ladera, Tustin Ranch, etc...
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ak said:
How much does this seller contingency hold up a sale?  I would imagine lots of buyers would take a pass on this...
USCTrojanCPA said:
furioussugar said:
I have heard of people listing their home with the contigency that they find another home to buy.  I wonder if this is true in Irvine/ OC?
Click to expand...
Very true....in Irvine, Aliso, Ladera, Tustin Ranch, etc...
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Basically the seller has a right not to close even if the buyer is ready to close.  Those properties are going into escrow almost as fast as properties that do not have a seller contingency (that's what a hot market does).  Plus, if buyer's expectation is that prices are heading up...why would they mind sitting in escrow for a few months when their price is locked in (downside would be that their interest rates can't be locked easily). 
 
What is the longest you have seen a home tied up in escrow waiting to close until seller secures another home to buy recently? 

USCTrojanCPA said:
ak said:
How much does this seller contingency hold up a sale?  I would imagine lots of buyers would take a pass on this...
USCTrojanCPA said:
furioussugar said:
I have heard of people listing their home with the contigency that they find another home to buy.  I wonder if this is true in Irvine/ OC?
Click to expand...
Very true....in Irvine, Aliso, Ladera, Tustin Ranch, etc...
Click to expand...
Click to expand...
Basically the seller has a right not to close even if the buyer is ready to close.  Those properties are going into escrow almost as fast as properties that do not have a seller contingency (that's what a hot market does).  Plus, if buyer's expectation is that prices are heading up...why would they mind sitting in escrow for a few months when their price is locked in (downside would be that their interest rates can't be locked easily).
Click to expand...

 
ak said:
What is the longest you have seen a home tied up in escrow waiting to close until seller secures another home to buy recently? 

USCTrojanCPA said:
ak said:
How much does this seller contingency hold up a sale?  I would imagine lots of buyers would take a pass on this...
USCTrojanCPA said:
furioussugar said:
I have heard of people listing their home with the contigency that they find another home to buy.  I wonder if this is true in Irvine/ OC?
Click to expand...
Very true....in Irvine, Aliso, Ladera, Tustin Ranch, etc...
Click to expand...
Click to expand...
Basically the seller has a right not to close even if the buyer is ready to close.  Those properties are going into escrow almost as fast as properties that do not have a seller contingency (that's what a hot market does).  Plus, if buyer's expectation is that prices are heading up...why would they mind sitting in escrow for a few months when their price is locked in (downside would be that their interest rates can't be locked easily).
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Click to expand...
I'd have to go back and double check but off the top of my head...about 3-4 months. 
 
SoCal said:
USCTrojanCPA said:
ps9 said:
Here you go IHO, sell the rental, go for this
http://www.redfin.com/CA/Foothill-Ranch/43-Camarin-St-92610/home/4802353

or should I say FRHO? :)
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That looks nice, but have been nicer with a view lot though. 
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Yah, FRHO might want to settle for this 3CWG on a culdesac with sunset views instead. Plus, save a few bucks in the process.
http://www.redfin.com/CA/Foothill-Ranch/7-Vitale-Ln-92610/home/4801912
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Wow, I nice view lot... :-*
 
H        O        M        E        R said:
Gonna scope out that area for a hot blonde later!!!  QWERTY you in?
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Aww, poor guy. I must really have you fooled.
 
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