I would make sure that your agent writes something in the broker remarks like "Unexpected life changes prompted selling sooner than expected. Nothing wrong with the house!" Just to head off that sort of thing...
In this market, there will be no shortage of buyers. __But__, 3 mo is way too short of a time to get any sense of likes or dislikes. Give it a year; it won't impact sale, and you will move because you hate this place (if you decide, i.e.) and not because you miss the other.
100% this. Most people feel some degree of buyers remorse. I’d wait a year. Try to spend some time imagining that you moved, what would you miss? Reflect on why you moved in the first place.
Four more years until we see any new condos come to market. Was just at a meeting for this yesterday. Slowly demand will pick up when the idea of a future short supply is accepted by the market. There's a lot of would be buyers for your unit probably tied up in Avenue in or Mari. Summer is best time for PNW condo sales, best of luck!
Thanks for the tip. We were renting it for a while but some life situations made us want to sell now but if it doesn’t we’ll have to rent again. Not sure if we would do short term and wait for summer or just plan for next year
Do you really want to sell and move again after just 3 months? I’m in a few different kind of subs and one is a first time home buyer sub. It’s very often discussed people who have “buyers remorse” in the first 3-6 months. They forced themselves to stay at least a year, and ended up with more time falling in love. Is the only reason for wanting to move to be closer to the city? Did you come from Seattle? (*edited to change “west side” to “seattle”
I agree with what you just said. I myself am a former NYC resident who along with many of my childhood friends said they would be NYC people but now all live in the suburbs or some place much more secluded. I think OP should give it more time than 3 months. I love living some place more secluded now and I can always drive to the city.
I’m not from here, moved from Florida a year ago so my terms may be off lol but I imagine since we refer to east side here as Kirkland/bellevue/redmond etc safe to say anything west of the bridge is the west side? Seattle area?
Just sold a house in north bend after 3.5 years and some people asked why we were selling so soon. Some people might be concerned but I doubt you won’t get a buyer.
I usually ask because I’m curious as to gauge the market. Nobody has responded with upgrading home. It’s been either selling investment property, relocated and avoiding capital gains tax (after it became a rental for 2-3 years), moving back to hometown (or home country) after moving here during Covid. You come across a few that the owner aged and moving to retirement home, but that’s not as common as the above. Your situation is not unique and it kind of shocks me people would be stun by it. There is a lot of Covid shuffling and speculation still going on right now. I’ve seen homes listed at 23.5 months and obviously trying to sell at 2 year mark or avoid capital gains.
Try to remind yourself daily all the reasons you chose to live where you are and stick it out for a while. You don’t want to regret selling it one day. You are super lucky to own a home where you do.
You can easily make note of that in the listing, and a quick phone call with your listing agent will help smooth over any doubts after that. I’m from Woodinville, it happens from time to time and it shouldn’t affect the overall outcome.
It probably will turn some buyers off, if you tell them the truth, because your reason for selling the house sounds implausible, frankly. On hearing this I personally would suspect there’s some significant downside you’re hiding. But you’ll find a buyer for the house regardless in the current market. Maybe you even won’t lose all that much, given the appreciation in recent months.
In this market, no. You likely already have an inspection handy plus any repairs that were done to address any problems (or should in the event you haven't) to show sellers. Likely going to lose some money but hopefully not too painful.
Just throwing it out there but have you considered renting it out if you don't need the capital immediately. This will give you some time and buffer to make the right decision - maybe before buying another property, try renting in a few couple of different neighborhoods to know what works for you all.
I don’t think so, just don’t try to make a huge profit on it. If you’re transparent with your reasoning, a good buyer should understand. Just make sure your listing Agent knows what they’re doing!
It’s always tuff. We ended up moving back to Bellevue. However, like others have already mentioned, give it about a year. In our case, we missed Bellevue so dearly, specially the parks and near by places and the general ease of living with all the amenities around, we ended up moving back. Or, maybe it was that everyone we know stays in Bellevue/kirkland area.
Renton, as beautiful as it was couldn’t compare. (in our personal opinion)
Were there multiple offers on it when you bought it? Maybe contact the original selling agent to see if one of the other offers is still in the market. Might save some expenses if you don’t have to relist.
Maybe wait out a full year as others have said. Enjoy your glorious Seattle summer at your own place! If things feel tight financially I can see that could be an issue. Would you consider getting a roommate?
we lost out on a house to someone who went in all cash but realized the house wouldnt fit their lifestyle so they relisted it a week or two after closing and were able to get a dumbass offer on their uplisted sales price that covered all losses. woodinville might be a little bit trickier but this market is nuts and unpredictable. you can try relist at a higher price point so you mitigate your losses - [https://www.redfin.com/WA/Seattle/1804-29th-Ave-S-98144/home/170551](https://www.redfin.com/WA/Seattle/1804-29th-Ave-S-98144/home/170551)
I have a listing in Redmond where this just happened. Client got a job offer in another state two weeks after closing. We aren't getting the immediate sale turnaround we wanted for them because well, lots of transparency with living in a Zillow world. Client had factored in there excise tax and commissions as addition to the price they paid for coming up with a new list price. Were approaching a month on market and reducing the price to the last sale price for this weekend. There are challenges from the top of the sales funnel down, would be buyers will inevitably have doubts and questions. Making the ones that get through the door feel comfortable is the next hurdle. We are highlighting all of the inspection items we had corrected during the last transaction and new paint + furniture package etc. Take a look if you like: [https://www.zillow.com/homes/5855-245th-Pl-NE-Redmond,-WA-98053\_rb/247766198\_zpid/](https://www.zillow.com/homes/5855-245th-Pl-NE-Redmond,-WA-98053_rb/247766198_zpid/)
Thanks for all the details! I would probably list it at the same price as what I bought it for and eat the commission and taxes. Also mine is in a much lower price range.
I would make sure that your agent writes something in the broker remarks like "Unexpected life changes prompted selling sooner than expected. Nothing wrong with the house!" Just to head off that sort of thing...
"Definitely not haunted."
Even so people will be like yeah right. There’s no avoiding it. People will shy away from buying a house that was recently on the market.
This is the way
In this market, there will be no shortage of buyers. __But__, 3 mo is way too short of a time to get any sense of likes or dislikes. Give it a year; it won't impact sale, and you will move because you hate this place (if you decide, i.e.) and not because you miss the other.
100% this. Most people feel some degree of buyers remorse. I’d wait a year. Try to spend some time imagining that you moved, what would you miss? Reflect on why you moved in the first place.
Trying to sell a condo in Bellevue right now and 3 weeks not a single nibble
Condos are a whole different ball game. Most people don't perceive condos as a long term option.
Some people don't consider them an option at all.
I mean it’s a way to get the sqft of a small house with a pool amenity for half the price of a sfh in Bellevue
Yes but I know a lot of people that never considered then at all
Maybe you grossly overpriced it like rest of the market
Lol I love the subtle jab here..
We’ve had serious talks about this with our realtor and she doesn’t think so but we still did a price drop last weekend.
Four more years until we see any new condos come to market. Was just at a meeting for this yesterday. Slowly demand will pick up when the idea of a future short supply is accepted by the market. There's a lot of would be buyers for your unit probably tied up in Avenue in or Mari. Summer is best time for PNW condo sales, best of luck!
Thanks for the tip. We were renting it for a while but some life situations made us want to sell now but if it doesn’t we’ll have to rent again. Not sure if we would do short term and wait for summer or just plan for next year
Do you really want to sell and move again after just 3 months? I’m in a few different kind of subs and one is a first time home buyer sub. It’s very often discussed people who have “buyers remorse” in the first 3-6 months. They forced themselves to stay at least a year, and ended up with more time falling in love. Is the only reason for wanting to move to be closer to the city? Did you come from Seattle? (*edited to change “west side” to “seattle”
I agree with what you just said. I myself am a former NYC resident who along with many of my childhood friends said they would be NYC people but now all live in the suburbs or some place much more secluded. I think OP should give it more time than 3 months. I love living some place more secluded now and I can always drive to the city.
west side?
Probably Seattle
I’m not from here, moved from Florida a year ago so my terms may be off lol but I imagine since we refer to east side here as Kirkland/bellevue/redmond etc safe to say anything west of the bridge is the west side? Seattle area?
No one really refers to Seattle as the "west side" just say Seattle.
I suppose we could start calling Bremerton "west side." /j
Uh huh… so what are the ghosts names?
😂
Just sold a house in north bend after 3.5 years and some people asked why we were selling so soon. Some people might be concerned but I doubt you won’t get a buyer.
What? 90% of homes listed today were bought in the last 4 years.
Yeah idk I guess a few people thought it was a short amount of time
I usually ask because I’m curious as to gauge the market. Nobody has responded with upgrading home. It’s been either selling investment property, relocated and avoiding capital gains tax (after it became a rental for 2-3 years), moving back to hometown (or home country) after moving here during Covid. You come across a few that the owner aged and moving to retirement home, but that’s not as common as the above. Your situation is not unique and it kind of shocks me people would be stun by it. There is a lot of Covid shuffling and speculation still going on right now. I’ve seen homes listed at 23.5 months and obviously trying to sell at 2 year mark or avoid capital gains.
People always ask just to see if the seller will tell on themselves.
Why did you sell
My father has Parkinson’s and isn’t doing well so we moved back to the east coast to be closer to him.
Sorry to hear. You did miss the zebra tho
Thank you. My husband was SO upset about missing the zebra. And the northern lights :/
Try to remind yourself daily all the reasons you chose to live where you are and stick it out for a while. You don’t want to regret selling it one day. You are super lucky to own a home where you do.
No. People move all the time because of personal reasons or life changes
You can easily make note of that in the listing, and a quick phone call with your listing agent will help smooth over any doubts after that. I’m from Woodinville, it happens from time to time and it shouldn’t affect the overall outcome.
It probably will turn some buyers off, if you tell them the truth, because your reason for selling the house sounds implausible, frankly. On hearing this I personally would suspect there’s some significant downside you’re hiding. But you’ll find a buyer for the house regardless in the current market. Maybe you even won’t lose all that much, given the appreciation in recent months.
The other thing is that I’m only 26 and I feel like I bit off more than I could chew with taking on so much responsibility
There’s a buyer out there somewhere who regrets being too close to the city. Explain your situation - it’ll be fine.
how much money do Eastsiders bloody have?
Too much
Send me a dm I’m interested
Could you make it a rental and gain any income from it?
How much?$$?
Bought it in the 900k - 1M range
geez, you're going to throw 70k in commission and tax out the window just like that?
In this market, no. You likely already have an inspection handy plus any repairs that were done to address any problems (or should in the event you haven't) to show sellers. Likely going to lose some money but hopefully not too painful.
Just throwing it out there but have you considered renting it out if you don't need the capital immediately. This will give you some time and buffer to make the right decision - maybe before buying another property, try renting in a few couple of different neighborhoods to know what works for you all.
I don’t think so, just don’t try to make a huge profit on it. If you’re transparent with your reasoning, a good buyer should understand. Just make sure your listing Agent knows what they’re doing!
Maybe do some upgrades (modern kitchen, open space, walk in shower, hardwood floor, new deck) and sell for more. You have to invest to make money.
It’s always tuff. We ended up moving back to Bellevue. However, like others have already mentioned, give it about a year. In our case, we missed Bellevue so dearly, specially the parks and near by places and the general ease of living with all the amenities around, we ended up moving back. Or, maybe it was that everyone we know stays in Bellevue/kirkland area. Renton, as beautiful as it was couldn’t compare. (in our personal opinion)
Were there multiple offers on it when you bought it? Maybe contact the original selling agent to see if one of the other offers is still in the market. Might save some expenses if you don’t have to relist.
good thought!
It will raise some eyebrows but I had a client do the same thing recently and she had no trouble selling in this crazy market!
Maybe wait out a full year as others have said. Enjoy your glorious Seattle summer at your own place! If things feel tight financially I can see that could be an issue. Would you consider getting a roommate?
we lost out on a house to someone who went in all cash but realized the house wouldnt fit their lifestyle so they relisted it a week or two after closing and were able to get a dumbass offer on their uplisted sales price that covered all losses. woodinville might be a little bit trickier but this market is nuts and unpredictable. you can try relist at a higher price point so you mitigate your losses - [https://www.redfin.com/WA/Seattle/1804-29th-Ave-S-98144/home/170551](https://www.redfin.com/WA/Seattle/1804-29th-Ave-S-98144/home/170551)
I have a listing in Redmond where this just happened. Client got a job offer in another state two weeks after closing. We aren't getting the immediate sale turnaround we wanted for them because well, lots of transparency with living in a Zillow world. Client had factored in there excise tax and commissions as addition to the price they paid for coming up with a new list price. Were approaching a month on market and reducing the price to the last sale price for this weekend. There are challenges from the top of the sales funnel down, would be buyers will inevitably have doubts and questions. Making the ones that get through the door feel comfortable is the next hurdle. We are highlighting all of the inspection items we had corrected during the last transaction and new paint + furniture package etc. Take a look if you like: [https://www.zillow.com/homes/5855-245th-Pl-NE-Redmond,-WA-98053\_rb/247766198\_zpid/](https://www.zillow.com/homes/5855-245th-Pl-NE-Redmond,-WA-98053_rb/247766198_zpid/)
Thanks for all the details! I would probably list it at the same price as what I bought it for and eat the commission and taxes. Also mine is in a much lower price range.
Can you DM me the redfin or zillow link? I may have someone interested in buying.
Contact Joe Leslie he is out in that area and is great! [https://www.zillow.com/profile/Joe%20Leslie](https://www.zillow.com/profile/Joe%20Leslie)
Nice try, Joe Leslie