Homesteading, Organic Gardening, How to Farm, Preparedness, Self-Reliance
Hi! We need to sell our homestead in order to expand. We are bulging at the seams! I have to admit that the task seems really intimidating given the housing crisis in our country. I want to avoid using a realtor just because I don't think we can afford the commission. I don't mind marketing it on my own and would like to really tap into the homesteader groups, etc. Does anyone have any advice for us? What websites are out there that I could post our "for sale" ad?
1400sqft home built in 1935; 3bd/1bath; hardwood floors throughout; open floor plan; french doors; 10ft ceilings in most rooms; wood stove capable; half basement; updated everything; comes with L-shaped desk; new well pump, hot water heater, insulation in attic as well as under house for efficiency
2 acres; half fenced; fencing is sheep/goat par; garden ready; newly built run-in shed; chicken coops are negotiable; established peach tree; newly planted apple trees; raspberry & blackberry bushes planted but not yet producing; beautiful shade trees that are great for outdoor living (picnics, cookouts, etc); a two story barn on property is currently usable but close to dilapidated
Located in central Virginia - Goochland County
Jill - first of all, I wish you good luck as you expand your homestead.
My bias is that I am a Realtor, specializing in farm and rural properties - so take what I say with that in mind. All markets are unique, and I know absolutely nothing about your market. But I do know real estate - for many years as an investor, and now since 2005 as my business. You may think that you cannot afford the commission - but I would then suggest that perhaps you cannot afford to make a move. What I mean by that is that there are very good statistics to show that sellers who choose to "DIY" are only occasionally successful (80% wind up listing with an agent) and generally wind up selling for less. The right agent will help you price your property correctly, market it to the widest audience, and help you through the difficult negotiation/home inspection/renegotiation period - this is why stats show that seller who hire good agents wind up with more net proceeds.
Please feel free to email me if you want to talk more about how to choose the right agent - you will want a specialist on rural properties if possible.
I know that may not be what you were hoping to hear, but its the best advice I can give.
Oh I absolutely agree with using realtors!!! It's just that from my research thus far on the market value of our home we can sell for about $5k under what we owe (roughly $150,000). We plan on getting an appraisal just to make sure. With the already $5k loss we cannot financially afford to lose another $9k on top of that on commission. At that point we are talking a $14,000 difference. We are almost debt free except for our mortgage (something we have been working VERY hard to accomplish) and going back into debt by $14,000 is not an option.
Trust me, if things were different, we would hire a realtor. They are crucial to say the least. That is the best way to go but we are trying to do the best we can with what we have at the moment. That is our predicament.
Thanks for the advice. I really do appreciate your input. Hopefully, we will have a god stream of people coming through.
what are you planning to do to generate traffic? Every market has unique places where land/rural property buyers go to find options that appeal to them. It may be internet specialty marketing sites like landandfarm.com, landflip.com, and landsofamerica.com. It may be craigs list. I use these, plus multiple mls sites, plus virtual tours, and a whole bevy of syndicated sites.
whatever you choose, be sure to invest in high quality photographs and a great writeup that both details the features of your property,and walks potential buyers through the place.
Be sure to keep the perspective of your buyer's life - not your. One of the big mistakes many sellers make is telling the story from their family's perspective - not what a buyer is interested in. They are busy trying to figure out what properties might fit their needs, and too much of your personal story will interfere with that process.
Our plan is to ask a local realtor to come out in the next few weeks to give us an idea of what our place could potentially sell for. We have one lined up and she is geared more towards rural properties and farms. If the number is something that allows for a commission without us losing too much moolah, then we will more inclined to use her. If the number comes back as too low to use her, then we will need to try to sell without her.
If the latter is the case, I plan to use Craigslist, word of mouth, Facebook, open houses(?), and I was hoping to use sites that are farmer & homesteader driven; sites that are frequented by people who are interested in homesteading & farming (small scale).
Can you message me the specifics? My parents have been looking for something and so have my husband and I. My parents live in Madison, but they are living beyond their means since property values went up so high in that area (it's the new commute to DC county, can you believe it?)