Our long-time reader (and California transplant) Susie is moving into a new home in Boise, Idaho. She has been preparing to put her current Boise home on the market, and expected the RV garage would help propel the sale.
Here is her report:
Sales have slowed here (How could they not?) but still only 1.2 months of inventory. Putting my home on market for $399,900. Comp across the street went pending at $428,900. ( New 4/2.5, 2,250 SF with bay RV garage).
I only have 1,971 SF. My agent Luke said from $399,900 to $415k, up to me. I should be only single level w/40-ft RV garage on market. Eleven on market comparable. Hoping for multiple offers, (always on my RE bucket list), but w/ kids already back at school, I dunno.
1. Listed house Friday for $399,900.
2. 1st showing that night: 7-7:30 pm.
3. 2nd showing scheduled for Monday afternoon as they left town for holiday.
4. My agent Luke asked if Sunday showing was ok as they came home early.
5. My beloved neighbors said we could hang out in their backyard next door during showings as Moosh (my cat) gets sick in cars.
6. Sunday showing lasted from 5:30-6:30 pm.
7. Luke called yesterday morning: “You called it! Offer came in!”
8. Luke said he’s never had it happen this quick with only the second showing (100’s of transactions).
9. Ridiculously clean offer: List price, no contingencies.
10. We move to new home October 5th.
The photographs were stunning, and I staged it as well as I could.
Sometimes life works out perfectly, just as you projected. 🙂
She wanted to have a smooth transition and not have to worry about a softer market – and she had her price reflect it!
Such clean lines! Expertly staged so that potential buyer’s can “fill in the blanks” without it looking so. Beautiful lines in the kitchen. Living room is timeless!
Congrats, Susie! An exemplary job, VERY well done!
Nice all the way around. I was thinking there might have been “money left on the table” but looking for an extra $5k but also taking 6-8 weeks longer is no bargain. And perhaps the eventual buyer found the property with a “less than $400k” search? At $406k, they might have missed it.
And as our long suffering host is known to say; “the first offer is usually the best offer.”
Congrats, Susie! The staging, the reasonable price, the curb appeal. All top notch!
Much better looking than most of the crap for sale in California at three times the price.
I just came back from Boise yesterday as I was setting up a new branch office for a mortgage client. I’m paraphrasing, but the bosses words were, “The Idaho branch will raise our revenue about 30%.”
Mahalo for comments! I consider myself a “real estate addict” but dislike the drama that showings always tend to have so we really worked on staging for a couple weeks before list.
I consider it sold for $406k. Why? Luke our agent is also representing us in our new home being built so he said only 4.5% commission on this sale (3% to buyer’s agent and her broker and 1.5% to Luke’s broker). With his generosity, I think I saved a cool $6,000.
It’s still a no-inventory situation here in Boise, so building was the way to go. We’re thrilled our mortgage guy at my CU called us when rates dropped to 4.375% for a day. We locked! Next day back to 4.5, and he said he expects them to rise to 4.625 very soon.
Next report after we move October 5th. Next home is 2,321sf, 3/3 single level by same premiere builder as the one I just sold. Can’t wait!