Sunday, April 8, 2007

Listing!


Kerry and I listed the condo with a real estate broker Saturday. We went with the mother-son team that listed my condo back in 1995 when I bought it.


We had thought about listing with the agent that sold Kerry's condo but on reflection we both wondered "Why the heck would we do that?" That agent originally brought us an offer from unqualified buyers (we shouldn't have accepted the offer but we were fairly desperate at that point). Our desperation got worse as the "buyers" had their tie-in sale fall through and their financing completely collapsed. Unfortunately, this didn't happen until extension after extension was granted basically shooting our whole summer of potential sales to hell.


Eventually, a qualified buyer was found but by then Kerry and I had been beaten into submission and we accepted an offer that after the cash back on close resulted in a net loss. To add insult to injury the agent calculated her commission on the gross price not the next price after cash back. It was a difference of maybe $500 but it was the principle of the thing. The only ones who had to bite the bullet were Kerry and me.


So the agent came out on Saturday morning and we got listed. By the afternoon, he had us on the MLS system and had a lock box in the lobby. He seeemed impressed with our upgrades and immediately recognized the new kitchen features and really liked the remodeled bathroom. He did try to temper our enthusiasm (of which we had little anyways) but saying that the condo market is pretty weak for sellers but he noted that our price point was very competitive and few units were at our price or less and it was doubtful they had the upgrades we had. We'll see.

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