On Thursday we got a call from our realtor telling us that he had left Prudential so he would no longer be our realtor. I have no ill feelings toward him. He took a promotion at another company. I know he did what was best for him and his family, just as Kirby and I are trying to do for ours.
And then it went downhill...
By contract we are still obligated to Prudential so they sent someone else over. Prudential was of course willing to end our contract if we weren't happy with the realtor they sent over. I have no ill feelings toward Prudential because I think that is extremely fair of them.
And then the ill feelings began...
We met with the realtor sent over by Prudential. He did his thing sharing houses that are listed, pending, and sold. But let's be real we wanted to know how he would market the house and what it should be listed at. To get to the point he told us it should be listed at 20,000 less than what it is listed at now. WHAT?!!? We took the day to digest what he said. We reviewed his comps. We drove to his comps- some of which were a joke. But we decided to sleep on it because he is the expert and maybe he is seeing something we were not.
Kirby called Saturday morning and asked him point blank what do you think the house should be listed at and what will it sell at. In the end he told us that it should be listed for even less than what he said the previous and his guess on the sold price comes in at whopping $35,000 less than what our first agent told us to list it at. We don't live in some mansion so for us that is a TON of money!
What a hard pill to swallow! Although it would still be a hard pill to swallow, it might be a little easier if two houses around the corner from us both sold for more (one 10,000 and one 25,000 more than what he thought our house would sell at). Despite trying to gain an understanding, Kirby could not get the realtor to explain why our house would be less than these two.
OVERWHELMING! And thus leaves us with two options. Option A - sell the house at a bigger loss than expected Option B- rent our house in Wilmington and hope it appreciates in value.
Where we stand. We ended our contract with Prudential. We now have three appointments to interview agents with other companies to combine the list price suggestions of these realtors in order to determine if we will be selling or renting.
Sharing all this financial stuff is so out of character for me. Though this whole mess is disappointing and frustrating, I know I am blessed with more imporant things in life. Kirby is relaxing on the couch and watching some football. Charlie is dreaming away in his crib and Jocelyn is peacefully napping in Kirby's arms. The love of my life and my two little loves are healthy and happy. Having the three of them in my life means I am abundantly blessed!
An old picture, but Rascal sits proudly outside of 1508 West 10th Street!
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