We Sold Our House!

It’s definitely been a crazy few weeks!

We sold our house!!!! EEEKKKK!

Here’s a timeline of the events…

Our house went on the market on April 6^th, we held an open house on April 8^th, received 4 offers by April 10^th, accepted an offer on April 11^th and left for Washington D.C. on April 12^th. Whew… It was tiring even writing that! Everything has been a whirlwind!

Unbeknownst to us, apparently the inspections were done while we were in D.C. too. We have a few “section 1” repairs that need to be done and paid for by us, as the owners. They only total $1005, so not too bad on a financial transaction worth hundreds of thousands of dollars. We are trying to get those done as quickly as possible to keep the escrow process moving. We are opting to pay to have all the work done, rather than doing it ourselves, for expediency and convenience. (That is, after all, why we took out a 401K loan, to make any necessary repairs in order to sell our house.)

We asked $330000 for our house and accepted an offer for $353000 (or $23000 over appraisal). Unfortunately, our house only appraised at $322000, so the sale price of our home will be $345000. Still not too shabby, and $15000 over asking, so we aren’t unhappy, just a little bummed that it didn’t appraise for the value we expected it to.

Our home is full of upgrades, from a full kitchen remodel to an upgraded bathroom, from a tankless water heater to a custom mantle, from all new double-paned vinyl windows to insulation throughout the house. I feel like, in the market we are in and where we live, our house should have easily appraised for $330000.

The only thing we countered on on the whole transaction, was the date escrow was to close. Originally, they asked for a normal, 30 day escrow; that would have escrow closing on May 11. We were out of town for fully 1/3 of that time and didn’t think we would be able to be packed up and out by then. We asked for escrow to close on May 30, 2017, that gave us more time and got us through the end of the school year. (Our school year ends on May 26^th.)

We are now on the hunt for new home. We have seen about 40-43 homes and haven’t found anything we feel we could live with. The Husband is really starting to feel stressed about our situation. I, too, am stressed, but am so thankful for the 5 different family members who all said we could live with them until we found a new place to live.

We are very sad to be leaving our house as we have truly made it our home, but we are also excited for the next chapter. The Kids are very excited, and sad, to be getting their own room. They are excited to get to decorate any way they want and to have their own space. I am too. Most of the homes we are looking at are about twice the size of our current home. I’m very excited to have more wall space rooms to decorate. But first, we need to find something that will work for our family!

In all honesty, I’m still in shock with how quickly our house sold. Both The Husband and I have had a hard time wrapping our head around it. Neither one of us expected it to sell so quickly so we thought we had some time to get used to the idea. Instead, the whole process has been full speed ahead! Both of us expected the process to take a while because we only have a 2 bedroom, 1 bathroom house. And our house has some quirks. Apparently, in this market, buyers are willing to overlook some quirks. Our home sold to a single woman in her 20’s. In truth, I hope she will love this home as much as we have and that she will be able to truly make it her home as we did.