by Flack » Sun Jul 07, 2019 10:50 am
When we put our old house up for sale last October, the first thing our realtor told us was to empty everything out of the place. Every piece of furniture out, every picture off the wall. "People can't envision their stuff in a house that already has your stuff in it," she said.
After a few months on the market with no offers, the realtor said the biggest feedback she had received from visitors was that because the house was so big, they couldn't envision their stuff in it. At that point, she suggested we look into having it staged. (This was not the only time the realtor offered us contrasting advice.) The best deal we found on staging was a per month fee of $500 plus $100/room, which meant we were looking at an additional $1k/month on top of the $3k/month we were paying to cover the mortgage on a house we were no longer living in. I didn't want to do it.
Then, she pitched us an alternative -- a company she was familiar with and had worked with. What this company does is put people in houses that are for sale. So the people live in the house for free, but also stage the house with high end furniture. So it's kind of like having your house staged for free, with the trade off being that people are living there, rent free. The people living there pay the company a one time fee of ~$300, and cover utilities. They also do minor home maintenance, like mowing the lawn.
I balked at the idea -- why would I let someone live in the house I was paying $3k/month on? Then the months dragged on, the house didn't sell, and the feedback over and over was "it looks too empty," and each month the realtor would say, "boy, if only there were some high end furniture in here..." and so we relented and agreed to the deal.
About four months ago, a family moved into our old house. Again, they cover utilities, I cover the mortgage, and the house looks fantastic. The furniture in the house is high end. House looks great. House looks so great, that last month we got an offer. We accepted the offer and informed the company and the family living in our house that we have a contract, and the house is set to be sold in the middle of July.
Radio silence. No return call, no return text, nothing. My wife follows up, and just before we reached out a third time, we get a response. It's short, but they say okay.
Now, I'm sure moving every few months is a huge pain in the ass. The company told me their most active client moved 7 times in one year. The trade off is, they can afford to hire movers, because they don't pay rent. By living in our house for four months, this family saved $12k. I'm assuming they sock some of that away.
The closing date is approaching. We sign our part next Tuesday, and we close on Thursday. This is happening. Last week, we drive by the old house and there's a moving truck. Great. Things are "moving" along. Guy tells me they'll be out Saturday -- good news for me, since I still have a few things in the garage and backyard that need to come over. We'll do that Sunday, after they're gone.
We stopped by this morning and... there's still stuff in the garage. The guy tells me the place he was moving into didn't work out, and he's looking for a place to go. We get our stuff and remind him that closing and the final walk-thru is on Tuesday. He says he's aware of the fact.
We were hoping to go through the house one final time, clean everything up, and do one final walk-through before the closing date. With the guy's stuff (and the guy's family) still in there, obviously we couldn't do that this morning.
I am hoping that the guy gets a place today/tomorrow to move his things into. I don't wish him or his family ill will, but... to quote almost everyone at one point or another in Star Wars... "I have a bad feeling about this."
When we put our old house up for sale last October, the first thing our realtor told us was to empty everything out of the place. Every piece of furniture out, every picture off the wall. "People can't envision their stuff in a house that already has your stuff in it," she said.
After a few months on the market with no offers, the realtor said the biggest feedback she had received from visitors was that because the house was so big, they couldn't envision their stuff in it. At that point, she suggested we look into having it staged. (This was not the only time the realtor offered us contrasting advice.) The best deal we found on staging was a per month fee of $500 plus $100/room, which meant we were looking at an additional $1k/month on top of the $3k/month we were paying to cover the mortgage on a house we were no longer living in. I didn't want to do it.
Then, she pitched us an alternative -- a company she was familiar with and had worked with. What this company does is put people in houses that are for sale. So the people live in the house for free, but also stage the house with high end furniture. So it's kind of like having your house staged for free, with the trade off being that people are living there, rent free. The people living there pay the company a one time fee of ~$300, and cover utilities. They also do minor home maintenance, like mowing the lawn.
I balked at the idea -- why would I let someone live in the house I was paying $3k/month on? Then the months dragged on, the house didn't sell, and the feedback over and over was "it looks too empty," and each month the realtor would say, "boy, if only there were some high end furniture in here..." and so we relented and agreed to the deal.
About four months ago, a family moved into our old house. Again, they cover utilities, I cover the mortgage, and the house looks fantastic. The furniture in the house is high end. House looks great. House looks so great, that last month we got an offer. We accepted the offer and informed the company and the family living in our house that we have a contract, and the house is set to be sold in the middle of July.
Radio silence. No return call, no return text, nothing. My wife follows up, and just before we reached out a third time, we get a response. It's short, but they say okay.
Now, I'm sure moving every few months is a huge pain in the ass. The company told me their most active client moved 7 times in one year. The trade off is, they can afford to hire movers, because they don't pay rent. By living in our house for four months, this family saved $12k. I'm assuming they sock some of that away.
The closing date is approaching. We sign our part next Tuesday, and we close on Thursday. This is happening. Last week, we drive by the old house and there's a moving truck. Great. Things are "moving" along. Guy tells me they'll be out Saturday -- good news for me, since I still have a few things in the garage and backyard that need to come over. We'll do that Sunday, after they're gone.
We stopped by this morning and... there's still stuff in the garage. The guy tells me the place he was moving into didn't work out, and he's looking for a place to go. We get our stuff and remind him that closing and the final walk-thru is on Tuesday. He says he's aware of the fact.
We were hoping to go through the house one final time, clean everything up, and do one final walk-through before the closing date. With the guy's stuff (and the guy's family) still in there, obviously we couldn't do that this morning.
I am hoping that the guy gets a place today/tomorrow to move his things into. I don't wish him or his family ill will, but... to quote almost everyone at one point or another in Star Wars... "I have a bad feeling about this."