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selling a house in this economy

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Ginsu Victim:
I just have this nightmare vision of the buyer putting them out at the curb the moment they go to move in.

myntik1:
I like the work that I've done to my house, but we really should pull the trigger on this other house.  I'm at a loss for the true value of my home (even a ballpark estimate) so I guess I need to consult a professional. When we bought our house everything in the same price range needed a complete rehab or had no potential. The appraisal came in at about 10K more than we paid for the house and we put a decent chunk down.  I was floored by what the neighbors were asking.  They just bought a new house and don't want to carry 2 mortgages.They priced their house to sell immediately.  For the 20K price difference their house has the following things we don't have or that we want to upgrade:

Newer siding, and gutters (theirs is about 3 years old and ours is about 15)
Their screened in porch has been sided and converted into an office
French doors leading to a deck (we have a patio, but we don't have a door leading to the patio, right now you have to go around the house which is a bummer)
A more modern kitchen (not state of the art but more up-to-date than ours)
a sunroom
central air
newer roof (ours is fine, but I need to replace some of the shingles on top of the screened in porch)

What they're selling their house for is roughly what I think my house would be worth now if the market didn't go in the toilet.  Bottom line is no one is going to buy my house if theirs is on the market at the same time.  If I buy their house and can't get what I think my house is worth then I take a huge hit on the deal.  That's why I was thinking that if I included the games and some other things I might get closer to what I want which is about 190. Granted the 190 is contingent upon not having a better deal 150 feet away.

ChadTower:

Sounds like you mostly just need to wait until their house is sold and out of your way.  Remember, it costs thousands to sell and buy a house, and that money comes out of your pocket too.

shardian:
Yeah, adding accessories does not increase the value of your house. Things that add major bucks are:

-more square footage
-bathroom renovation
-kitchen renovation
- new heating/ac
-new windows

Those also have big price tags though.

Small things that help with your sale price and offers are:
-new flooring
-neutral repaint of rooms
-modern updated fixtures
-landscaping

myntik1:
We don't want to move we want to buy thier house  We have great neighbors all around, everyone talks to each other and everyone is quick to lend a tool or help out in any way.  I told another neighbor the other day that I was going to the bike shop to get my son his first set of wheels (he's 3) and they guy brought me over his son's old Diamondback.  There's 2 elderly couples on the street and people take turns raking their leaves and shoveling. I couldn't ask for a better place.  We don't live in the best city, but we have a great neighborhood. The only reason we're considering this other house is because for 10K more or so (hopefully not much more) I can scratch most of the items of my list.  Just replacing the windows, adding a central air compressor and adding a door to the patio would equal about 10K.

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