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[Investment Story] Apartment Sale Story
- Writing language: Korean
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Summarized by durumis AI
- The house, which had been trying to be sold for 7 months, finally completed the sale contract after 51 teams visited.
- There was coordination and negotiation with several teams during the sale process, but it was finally sold to the 51st visitor in May 2024.
- The selling methods recommended on YouTube during the sale process were effective, and it was effective to keep the house well organized and to list it at the most meaningful selling price within the complex.
Selling my house after 7 months of hard work!!^^
Since registering the property on June 25th, a total of 51 teams have viewed it. 24 teams until the end of December 2022. 27 teams came
after January to conduct pre-visit inspections. It's practically a model house. It's been quite a challenge for our family, because we had to maintain the house like a model house, except for weekends and Mondays when real estate is closed. It's been great for a comfortable stay, but there's a big difference between 'having to make it clean' and 'being able to make it clean'.
Considering the real estate market was at its worst in 2022, I felt it was amazing that 24 teams came to see the house. However, it was just a showing of the house like a model house. There weren't many actual buyers. After the 1.3 Real Estate Policy in 2023, there were a lot of inquiries because the urgent sales within the complex were sold out. More than 20 teams came to see the house in January.
Looking at the details of the transaction that took place yesterday,
A, who had expressed their interest in buying last week, adjusted the terms of the deal. However, it was a little short of what I was
hoping for. I politely declined, but it's the seller who's at a disadvantage in a declining market, so I reached out to A again yesterday
with the same terms. A had changed their mind in a week, and the realtor contacted me saying that another client, B, was willing to buy for 10 million won less than A's offer. I asked B if they could negotiate 5 million won lower.
At this time, C (dark horse), who had never contacted me before, suddenly appeared saying they wanted to look into it with the same
terms as A. So, I waited, holding B's negotiation and C's dark horse offer.
The 51st visitor appeared at 7 PM to see the house.
It wasn't a local realtor, and they had never contacted me before. I had no expectations, and I was about to tell them not to come, but
since we were negotiating with B and C, the promised time came,
so I couldn't help but let them see it.
The 51st visitor loved the house.
I told them about the current situation with B and C, and they told me not to go ahead with the contract yet, saying they would contact
me from their office.
With three teams in the midst of negotiations, every minute felt like an hour. I texted all three realtors asking for an answer by 9
PM, and I was getting restless. Then, my wife suggested going out for recycling.
In the end, I sold the house to the 51st visitor, who wanted to live in it, not to B or C, who were gap investors.
Honestly, for 7 months, there wasn't a proper price negotiation. Then, three buyers appeared at the same time. I was overwhelmed,
and I felt like I could have sold it for a higher price if I had waited a little longer. But after contacting 50 teams and
getting my hopes up, I was exhausted and desperate to sell it.
If I had more financial resources, I might have been able to hold on, but I had to make the final payment this fall, so there was a pressure to finalize the sale by July at the latest. I made a cool deal at a good price.
I've been watching a lot of YouTube videos about selling houses, and it seems like the methods they recommended actually worked
in the selling process.
1. Organizing the house well.
2. Listing it at the most meaningful selling price within the complex.