Selling is work

Posted by: Amey Stone on July 8, 2005

My apartment has officially been on the market for two weeks now and I have learned one lesson so far — selling a home takes serious effort!

Our apartment is only listed in combination with our neighbor’s place, which means there is limited interest. Even so, showing it two evenings a week so far has meant coordinating with our broker, extra cleaning and organizing, and — worst of all —inconveniencing my two children and babysitter who must vacate the premises. That’s not even including all the cleaning and organizing we did before getting the place ready to show.

All this effort and we are working with a full service broker who is handling 95% of the work. It makes me wonder how people who sell without the help of a realtor manage.

Reader Comments

Wes

July 11, 2005 3:55 PM

Are you trying to sell at the top of the market?

keith

July 15, 2005 1:09 AM

just sold my condo for 100% gain in 2 years - thank god! cashed out, and will rent for the forseeable future.

David Porter

July 17, 2005 1:26 PM

Hi Amy,

Buying is work too! I thought you and your readers might enjoy this video on the mortgage application process.

http://pacesettermortgage.typepad.com/pacesetter_mortgage_weblo/2005/07/video_helps_fir.html

Steve Jaber

July 29, 2005 10:47 PM

My wife and I bought single family homes in the Phoenix area ten years ago. We bought them at VA foreclosure auctions. You couldn't give houses away. After all the appreciation, we have decided to sell most of them. We tell ourselves "we have realized our investment objectives." If I had sold my stocks when I had "enough" gain, I would be much better off. We may be missing more upside, but we feel we have to hedge our bets by selling.

Dr. Freeze

August 9, 2005 11:48 PM

Yup...better to get out too soon than TOO LATE!

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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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