Should we sell our townhouse in Pasadena before moving to Irvine?

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Pasadena to Irvine said:
All,

here is a final update to our Pasadena house selling story. We followed the advice from the experts on the blog and agressively reduced the price from $500,000 to $450,000 even though it felt like we were going to "give the place away". We received 4 offers within a couple of weeks, created a bidding war and closed escrow today at $462,000. With hind-sight being 20-20, I wish we would have listed our place really low right off the bat as I think we may have ended up selling at a higher price. All-in-all not a bad experience (the worst part of selling a house is having to keep it clean, especially with two small kids). Depositing the proceeds of $270,000 from the sale was a good feeling and will most likely help quite a bit when it is time to buy another house in a few years.

Thanks to the blog for the great advice even though it stung a little initially realizing that OUR place was not as valuable as we thought it was!

Pasadena
Click to expand...
Congrats on the sale!
 
Moral of the story for organic home sellers...

Price your home below comps and watch the sheeple create a bidding war. People sometimes forget that emotion is a big psychological factor that effects buyers and causing them to make irrational decisions.
 
usctrojanman29 said:
Moral of the story for organic home sellers...

Price your home below comps and watch the sheeple create a bidding war. People sometimes forget that emotion is a big psychological factor that effects buyers and causing them to make irrational decisions.
Click to expand...

Irvyne
 
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