Have an Offer from Internet Buyer, but debating listing. Wanted a little advice

So long story short, I bought this home 3 years ago, at 22, fresh out of my masters program. I thought it was going to be everything I wanted and more, but I was wrong. I am in TX, and purchased a townhouse in a community with an HOA and in a flood zone. (Several mistakes here, I know) Over time my mortgage, HOA and escrow has increased from around 1,400 to around 2,450 a month. I am at the point where I just want to sell it. I was wondering what would you all do. I have an offer from an internet buyer, which after their inspection I would imagine would net me $2K, but due to my expensive flood insurance I have about $8K in my escrow account that I would get back at closing after everything. So 3 years of fun, memories, and heart break and I leave with 10K. I plan on renting after, so I could sell my washer/dryer, fridge for another 2K so lets say 2K in cash for a total of 12K.

Or I could list it. I have listed it before, had a buyer they backed out after the inspection report. However I never saw it, I think the real reason was the flood insurance costs. The winter freeze then hit and causes some damages so I just stuck it out for a while. The last unit similar to mine sold for for 24K higher than the internet seller offer (Net realtor fees and transaction fees in both cases). They had some upgrades I dont have. I have an outside patio, while they had an enclosed sun room. I do have 2 full baths they had 1.5 baths. This unit sold about a month and a half ago before the hike in interest rates and so forth. So in my mind, I am taking about 7K off for the difference in units and hike in interest rates. (Dont know how reasonable that 7K number is). I would also be willing to leave my washer, dryer, mounted tv, and fridge. I would believe I could come out with about

So I am thinking that I would be willing to offer 5K in concessions after the inspection in both cases. is the hassle of listing it worth a potential 10K-15K? I have till tomorrow night to accept the internet buyers offer. I really don’t know if there is a right or wrong answer here.

My biggest issues are the following:

If I sell to the internet buyer I dont have to worry about somebody backing out after finding out the cost of flood insurance and that being a turn off. I think I paid around ($6K this year, ridiculous I know) I WFH everyday, I don’t have to worry about moving my office every time I have a showing My flood insurance, and home owner’s insurance all renew 8/30. So I would need to shop some rates because who knows how long it would take to find a buyer its hurricane season, so God Forbid if something happens between now and then I would be stuck here dealing with that. I will rent an apartment for $1,400 a month saving $1,000 after tax every month compared to what I’m paying now.

I know I am leaving money on the table, but all money isn’t good money is. Would I be doing myself a huge disservice by not listing this property?

submitted by /u/Dlloyd_06
[link] [comments]

So long story short, I bought this home 3 years ago, at 22, fresh out of my masters program. I thought it was going to be everything I wanted and more, but I was wrong. I am in TX, and purchased a townhouse in a community with an HOA and in a flood zone. (Several mistakes here, I know) Over time my mortgage, HOA and escrow has increased from around 1,400 to around 2,450 a month. I am at the point where I just want to sell it. I was wondering what would you all do. I have an offer from an internet buyer, which after their inspection I would imagine would net me $2K, but due to my expensive flood insurance I have about $8K in my escrow account that I would get back at closing after everything. So 3 years of fun, memories, and heart break and I leave with 10K. I plan on renting after, so I could sell my washer/dryer, fridge for another 2K so lets say 2K in cash for a total of 12K. Or I could list it. I have listed it before, had a buyer they backed out after the inspection report. However I never saw it, I think the real reason was the flood insurance costs. The winter freeze then hit and causes some damages so I just stuck it out for a while. The last unit similar to mine sold for for 24K higher than the internet seller offer (Net realtor fees and transaction fees in both cases). They had some upgrades I dont have. I have an outside patio, while they had an enclosed sun room. I do have 2 full baths they had 1.5 baths. This unit sold about a month and a half ago before the hike in interest rates and so forth. So in my mind, I am taking about 7K off for the difference in units and hike in interest rates. (Dont know how reasonable that 7K number is). I would also be willing to leave my washer, dryer, mounted tv, and fridge. I would believe I could come out with about So I am thinking that I would be willing to offer 5K in concessions after the inspection in both cases. is the hassle of listing it worth a potential 10K-15K? I have till tomorrow night to accept the internet buyers offer. I really don’t know if there is a right or wrong answer here. My biggest issues are the following: If I sell to the internet buyer I dont have to worry about somebody backing out after finding out the cost of flood insurance and that being a turn off. I think I paid around ($6K this year, ridiculous I know) I WFH everyday, I don’t have to worry about moving my office every time I have a showing My flood insurance, and home owner’s insurance all renew 8/30. So I would need to shop some rates because who knows how long it would take to find a buyer its hurricane season, so God Forbid if something happens between now and then I would be stuck here dealing with that. I will rent an apartment for $1,400 a month saving $1,000 after tax every month compared to what I’m paying now. I know I am leaving money on the table, but all money isn’t good money is. Would I be doing myself a huge disservice by not listing this property? submitted by /u/Dlloyd_06 [link] [comments]

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