No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, June 13, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning Personal Finance

I’m a Real Estate Writer Who Sold a House in a Buyer’s Market. Here’s What I Learned

by TheAdviserMagazine
9 months ago
in Personal Finance
Reading Time: 7 mins read
A A
I’m a Real Estate Writer Who Sold a House in a Buyer’s Market. Here’s What I Learned
Share on FacebookShare on TwitterShare on LInkedIn


A Hemingway character was asked how he went bankrupt. “Two ways,” he replied: “Gradually, then suddenly.” That’s a fine description of how I sold a house in a buyer’s market this summer.

How it happened gradually: I inherited the house in October 2021, fixed it up bit by bit, and finally listed it for sale in June 2025.

How it happened suddenly: The house sold in 18 days.

So how did I manage that? First, some context: The house is in a desirable location on the west side of Fort Worth. Mom bought it when I was a high school sophomore, and she lived alone for decades after I left for college.

Now I live in South Florida. For years, I considered selling my Florida house and moving into the Fort Worth house. I made upgrades and repairs, but ultimately my wife and I decided not to move to Cowtown. I reluctantly said adios to El Tacorriendo (my favorite food truck) and Billy Bob’s (the legendary honky tonk), and listed the house for sale.

I didn’t expect to sell it in less than three weeks. Metroplex homes usually linger longer — a typical July sale took 53 days. The analysts at Realtor.com call it a balanced market, but it feels like a buyer’s market to me.

And yes, luck was a big factor in selling so quickly. That said, let me tell you what I did right and what I would do differently.

I interviewed three agents

I wanted to hire a real estate agent who had represented sellers and buyers in the neighborhood — someone I’d feel comfortable with, who also had years of experience. I interviewed three, asking, among other things, what improvements I should make to the house. I wanted an agent who would answer forthrightly instead of telling me what I wanted to hear.

I hired the agent who had the strongest background. She specialized in my neighborhood and had the brisk demeanor of a C-suite corporate executive who wants to sell efficiently.

What I did right: I chose an experienced, perceptive agent. She knew to be blunt with me and tactful with my wife, which was a sign that she would adopt the proper tone when talking with buyers and their agents.

And she priced the house right.

I shelled out for some updates

My $350,000 asking price was low for the neighborhood. There’s a good reason: Mom had Alzheimer’s, so the house suffered from some deferred maintenance. It took a full five minutes to get hot water from the kitchen tap, and the walls reeked of cigarette smoke.

On the outside, the hail-damaged roof needed replacement, the 75-year-old casement windows were caulked shut, and the siding consisted of unsightly, brown-painted cedar shingles.

Ah, those shingles. I remember catching a ride home from high school one day. As my friend pulled up to my place, someone in the backseat shrieked, “Look at that ugly brown house!” When I sold the house 46 years later, it still wore the same brown shingles…and I still felt kinda mortified.

Renovations I did and didn’t do

But my time and money were limited. I could spend them making the exterior look great, or I could prioritize making the interior function well. So I fixed up the interior — because what’s the use of having a house that’s pretty on the outside, if you have to wait forever to get hot water at the kitchen sink?

Overall, I paid more than $60,000 to upgrade the electrical, plumbing, and HVAC systems, replace the roof, and repaint the interior (to eliminate the cigarette smell). By leaving the exterior mostly as-is, I let the buyer choose their own siding and windows.

What I did right: I focused on updating major systems and completed only must-do interior work. The buyer wanted to spend their money refining the aesthetics, not replacing the A/C.

I kept my cool

To reassure potential buyers, I made a spreadsheet of renovations, how much they cost, and when they were done. However, there was sometimes a gap between the date of a contractor’s initial estimate and the date work was completed — and the buyer used this information to strong-arm me.

“It is clear to see that these repairs dates are incongruent to your marketing materials and seller’s disclosure making them obsolete,” the buyer’s agent emailed after the inspection. “Furthermore, this would be considered Deceptive Marketing Practices.” They reduced their offer by $33,000. I felt furious one second, and panicked the next. Would this sale go through?

My impulse was to teach them a lesson and insist on the price we had agreed to. That afternoon, I floated in my Florida pool while angrily mimicking Michael Corleone saying, “My offer is this: Nothing.”

But then I reminded myself that this was my only offer. I had paid attention to stats from Realtor.com, the Case-Shiller price indexes, and my agent — I knew home prices in Fort Worth were falling while inventory was rising. I made a counteroffer for $326,000, the lowest price I would have accepted. The buyer took it.

What I did wrong: Being specific about dates and dollar amounts of renovations opened up another round of negotiation that I didn’t want. I would have been better off providing general information about the upgrades.

And I didn’t recognize the accusatory email and lower offer as a hardball negotiation tactic. That was the judgment of my attorney, which brings me to the last thing I did right.

I hired an attorney

Candidly, that agent’s email wigged me out. I forwarded it to the lawyer who had represented me three years earlier in Mom’s estate. He laughed off the email and calmed me down.

Lawyers close real estate transactions in some states, but Texas isn’t one of them. So even though I didn’t technically need an attorney, I hired him because the buyer’s agent had intimidated me.

What I did right: My attorney’s services were well worth the cost. He helped me through the negotiation, and he prevented a potential delay by spotting an error in the closing paperwork. Instead of listing Mom’s estate as the seller, the document listed Mom herself as the seller — as if she would materialize from her urn, like a genie from a bottle, to sign the papers. My attorney fixed that, and we closed at the scheduled time.

What I’ll do next time

Eventually, I want to get away from the hurricanes, rising seas and high home insurance costs of South Florida. When I sell this house and move to the mountains of western North Carolina, I’ll do a lot of things the same and a few things differently:

I will employ a real estate attorney from the outset, starting with reviewing the contract with the agent.

I will keep mum about specific costs and dates of work done on the house. Anything I say can and will be used against me.

And I’ll rejoice that I’m not selling a house with brown shingle siding.



Source link

Tags: BuyersEstateHeresHouseLearnedmarketRealsoldwriter
ShareTweetShare
Previous Post

15 States That Have Lost the Most Manufacturing Jobs Since the Turn of the Century

Next Post

Oracle’s AI-Powered Sales Growth Threatens Elon Musk’s Reign as World’s Richest Man

Related Posts

edit post
*HOT* Ninja CREAMi Deluxe 11-in-1 Frozen Treat Maker with Extra Pints only 9.98 shipped! {Today Only}

*HOT* Ninja CREAMi Deluxe 11-in-1 Frozen Treat Maker with Extra Pints only $169.98 shipped! {Today Only}

by TheAdviserMagazine
June 13, 2026
0

Published: by Sarah on June 13, 2026  |  This post may contain affiliate links. Read my disclosure policy here. Enjoy frozen treats...

edit post
Hoka Rincon 4 Women’s Shoes just  shipped + Rare Deals on UGG, On & More!

Hoka Rincon 4 Women’s Shoes just $80 shipped + Rare Deals on UGG, On & More!

by TheAdviserMagazine
June 12, 2026
0

Home » Deals » Hoka Rincon 4 Women’s Shoes just $80 shipped + Rare Deals on UGG, On & More!...

edit post
,000 Back, No Annual Fee: Ink Cash and Unlimited’s Best Offer Yet

$1,000 Back, No Annual Fee: Ink Cash and Unlimited’s Best Offer Yet

by TheAdviserMagazine
June 12, 2026
0

Chase just dropped a limited-time $1,000 welcome offer for new Ink Business Unlimited and Ink Cash customers. It’s the best...

edit post
Your Savings Rate Matters More Than Your Investment Returns

Your Savings Rate Matters More Than Your Investment Returns

by TheAdviserMagazine
June 12, 2026
0

Just the Tip: In your first decade of building wealth, the percentage of income you save drives your net worth...

edit post
A Zero-Based Budget Forces Every Dollar to Have a Job

A Zero-Based Budget Forces Every Dollar to Have a Job

by TheAdviserMagazine
June 11, 2026
0

Most budgets only make decisions about some of your money. Bills get planned, savings might get a number, and everything...

edit post
How to Watch the World Cup for Cheap

How to Watch the World Cup for Cheap

by TheAdviserMagazine
June 11, 2026
0

While I’m partial to the kind of football with less kicking, I’m pumped about this World Cup. For one, soccer...

Next Post
edit post
Oracle’s AI-Powered Sales Growth Threatens Elon Musk’s Reign as World’s Richest Man

Oracle’s AI-Powered Sales Growth Threatens Elon Musk’s Reign as World’s Richest Man

edit post
Requirements for Personal Loan to Ensure Quick Approval

Requirements for Personal Loan to Ensure Quick Approval

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
The 8 States That Still Tax Social Security in 2026

The 8 States That Still Tax Social Security in 2026

June 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
A Tax on Social Media – Blue-State Governments’ Newest Ploy

A Tax on Social Media – Blue-State Governments’ Newest Ploy

June 5, 2026
edit post
Northern Trust Is More Than a Rate-Sensitive Custody Bank Trade

Northern Trust Is More Than a Rate-Sensitive Custody Bank Trade

0
edit post
Will AI replace auditors? The future of entry-level auditors

Will AI replace auditors? The future of entry-level auditors

0
edit post
Almadev cuts valuation to complete offering

Almadev cuts valuation to complete offering

0
edit post
How Western Media Normalizes Israel’s Ethnic Cleansing in Lebanon

How Western Media Normalizes Israel’s Ethnic Cleansing in Lebanon

0
edit post
SpaceX’s IPO exposes the first crack in tokenized stocks

SpaceX’s IPO exposes the first crack in tokenized stocks

0
edit post
California’s Property Tax Postponement Program and Its February Deadline

California’s Property Tax Postponement Program and Its February Deadline

0
edit post
SpaceX’s IPO exposes the first crack in tokenized stocks

SpaceX’s IPO exposes the first crack in tokenized stocks

June 13, 2026
edit post
64-Year-Old Tech Exec Holds .6 Million in One Stock. The Wrong Move Could Cost 0,000.

64-Year-Old Tech Exec Holds $1.6 Million in One Stock. The Wrong Move Could Cost $400,000.

June 13, 2026
edit post
California’s Property Tax Postponement Program and Its February Deadline

California’s Property Tax Postponement Program and Its February Deadline

June 13, 2026
edit post
Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

June 13, 2026
edit post
3 Million Seniors Lost Their Medicare Advantage Plan in 2026: 7 Moves to Make Before Your Coverage Lapses

3 Million Seniors Lost Their Medicare Advantage Plan in 2026: 7 Moves to Make Before Your Coverage Lapses

June 13, 2026
edit post
Kalshi Shows 69% Odds Bitcoin Hits ,000 Before 0,000

Kalshi Shows 69% Odds Bitcoin Hits $50,000 Before $100,000

June 13, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • SpaceX’s IPO exposes the first crack in tokenized stocks
  • 64-Year-Old Tech Exec Holds $1.6 Million in One Stock. The Wrong Move Could Cost $400,000.
  • California’s Property Tax Postponement Program and Its February Deadline
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.