https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sun, 19 Apr 2026 00:00:57 +0000 https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-163903 Sun, 20 May 2012 14:02:28 +0000 heffalump 163903@https://boards.hellobee.com/ <p>We can't afford to sell our house because we'd have too much of a loss on it, but when I got pregnant we knew we wanted to move to a more appropriate, baby friendly place. So we are renting it out. We just used the internet to advertise and found someone fairly quickly. They just gave their notice though after a long time living there (they planned for a short time as they looked for a house to by for themselves but took longer to find their house then they tought). </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-163045 Fri, 18 May 2012 14:31:36 +0000 Mrs. Stroller 163045@https://boards.hellobee.com/ <p>@Nskillet: When you sell at a loss, you bring a check to closing to cover the balance due. </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-163042 Fri, 18 May 2012 14:29:36 +0000 Mrs. Yoyo 163042@https://boards.hellobee.com/ <p>@Nskillet: I wish I could say "yes," but we couldn't sell it and will be renting it for two years at least. That could be an option for you, too, but you would probably have to go back to renting yourself and deal with being a landlord. </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-163035 Fri, 18 May 2012 14:20:25 +0000 purrpletulips 163035@https://boards.hellobee.com/ <p>When DH and I got married in June 2008 we both owned a house, we opted to live in his and try to sell mine so this is based on my experience. Relator commission is negotiated but typically both commissions fall to the seller, our realtor told us that 6% is fairly standard with 3% going to each realtor; however if the same realtor is representing both the buyer and seller they will take a smaller commission (can't remember exactly how much smaller). </p> <p>We put our house on the market in May 2008 and were unable to sell it (tried to do FSBO, had a really bad agent for a couple months then found a good agent but the market stunk). When we found out we were expecting in June 2009 we knew we couldn't afford two house payments and daycare so we petitioned the bank to allow for a short-sale (where they accept less than remains on the loan), our bank agreed but had a few conditions (one of which was I take a reasonable 0% interest loan with them for a portion of the difference); we received an offer in July 2010 and closed in October 2010.</p> <p>As for how much you have to put down on a mortgage, I suggest talking to either a mortgage broker or a couple different banks as there are several types of loans out there which have differing criteria and down payment requirements.</p> <p>We currently have our house on the market again but have not been having much luck because there are so many houses available. Good luck! </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-162976 Fri, 18 May 2012 13:15:38 +0000 Nskillet 162976@https://boards.hellobee.com/ <p>We would be looking to buy after selling. The thought of juggling 2 mortgages isnt a comfortable one for us. </p> <p>What happens when you sell for a "loss"? Right now we are just seeing what we would make. We would need to sell for profit in order to put a substantial downpayment down on the next house. My suspicion is that this is just us testing the waters to get ourselves ready in the next 1-2 years max.</p> <p>Yeah, we have PMI and a second mortgage with this house! Hence not sure if we will even break even currently! Luckily the renovations are major (new kitchen, new bathroom) and every other house ive seen listed in our neighborhood doesn't even compare! </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-162967 Fri, 18 May 2012 13:08:23 +0000 mediagirl 162967@https://boards.hellobee.com/ <p>Has anyone sold their home? Yes</p> <p>What is the process like.<br /> Tedious, to say the least. There is a lot of paperwork, a lot of bank statements needed and a lot of time during the day working with many different people to make it all come together. Also, you have to consider selling yours and buying a new house. What are your plans for that? Are you going to buy a place, then sell your house? Are you going to sell your house then try to find a place? Would you consider living in short term apartment for a while if you did sell your house and couldn't find a house you loved just yet?</p> <p>What commission does the agent make?<br /> That's up to the agent. Ours was 3% because we used her to buy the other house.</p> <p>Did you sell at a gain or loss?<br /> Gain. I didn't make much but I did make back all of my closing costs, commissions and a little extra on the side. I would not move if we were selling for a loss.</p> <p>We know this isn't the best market but have done major renovations and are hoping it might be enough to make it a good decision.<br /> Depends on where you live, your neighborhood and what houses in your area have sold for. Do you have a tax and assessment website for your county you can look at to see recently sold homes near yours? </p> <p>Also, how much do you have to put down on a mortgage?!<br /> In my first home, I put down 3% and had PMI. When we bought this house, we put 20% down so we wouldn't have PMI or a second mortgage. I would HIGHLY suggest you only buy if you can put 20% down. And if you can afford it - do a 15 year mortgage. It's so going to be worth it in the end!! (Our $204k house will be paid off in a total of 16 years - we have a 30 year mortgage). :) </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-162966 Fri, 18 May 2012 13:07:45 +0000 Mrs. Stroller 162966@https://boards.hellobee.com/ <p>Yes we sold our last house and I believe we negotiated for a 3% commission. Keep in mind that commissions are negotiable and that 6% is customary. We sold for exactly what we bought it for, but had done a lot of work ourselves. That meant we lost money on the commission, but it was when most of the houses in our city had decreased in value by 30% so we were really lucky!</p> <p>When we bought our house we did a 30 year fixed and put down 20%, but I think some banks will still let you do less than that, if you want. We were doing a jumbo loan and I think 20% was required. Plus, the monthly mortgage payment would have killed us if we hadn't! </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-162965 Fri, 18 May 2012 13:03:26 +0000 MrsBrewer 162965@https://boards.hellobee.com/ <p>Well I don't know anything on the Home selling side, but DH and I are buying a house right now and we are first time home buyers. We actually decided against the FHA loan because the interest rates are a lot higher, so I would suggest going with a traditional loan instead. We actually are able to do a 15 year loan, with 5% down, and we are locked in a 3.375% </p> https://boards.hellobee.com/topic/have-you-ever-sold-your-home#post-162956 Fri, 18 May 2012 12:55:54 +0000 Nskillet 162956@https://boards.hellobee.com/ <p>DH and I are officially fed up with our disrespectful neighbors/noisy neighborhood. Since having DD 3 weeks ago we have been driven insane by how horrible they are. It's pushed us to have a real estate agent over next week to give us a complimentary market analysis.</p> <p>Has anyone sold their home? What is the process like. What commission does the agent make? Did you sell at a gain or loss? We know this isn't the best market but have done major renovations and are hoping it might be enough to make it a good decision. Also, how much do you have to put down on a mortgage?! We've only done FHA so we did the standard 3% </p>