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Young House Love » Moving, Selling, & Buying » The Process Of Selling Our House By Owner & Buying A New House

| By Sherry Petersik | November 5, 2010 | 647 Comments

The Process Of Selling Our House By Owner & Buying A New House

To the tune of Katy Perry’s “Hot N’ Cold”… WE’VE BOUGHT AND WE’VE SOLD!

Well not really, but we’re headed in that direction. As of 5:57 pm yesterday evening we got word that the the last of our negotiations with some potential buyers of our house have gone through, so the contract on our home is officially “pending.”

Contract Sale Pending Sign

Which means that the contract that we’ve got in on our sweet new house (yes, we fiiiinally found one) should move right along as well (since it was contingent on selling ours first). In fact if all goes well, in a little over a month we’ll be moving from our current house directly into our new casa. Holy bananas. We’re geeking out over here (high fives, jazz hands, the charleston, my own spin on the Elaine-from-Seinfeld dance, the whole nine).

You’ll have to excuse us for not sharing anything sooner. We just wanted to be sure this new found casa could really be ours before getting all excited-slash-attached and making a big ol’ blog-nouncement about it (it would’ve been such a buzz kill if things fell through). But now that both contracts are well underway (inspections have even been completed) and are only dependent on the lending process going smoothly – which should be fine, fingers crossed – we’re ready to shout the good news from the rooftops internet.

We’ll fill you in with all the how-we-priced-&-marketed-&-sold-our-house-by-owner details soon, but first let’s chat about our new house. We’re on the brink of obsessed. Picture us doodling our new address with hearts all over our notebook. It’s a total throwback to how can’t-sleep-excited we were about our current house back in 2006. And we’re so grateful to have that feeling again – especially because we were beginning to doubt that we’d find anything that gave us butterflies. But the moment the front door swung open and we found ourselves standing in our future entryway (complete with some amazing built-ins) we just knew. Which means I broke out my creepy permasmile and probably scared the realtor. So much for a poker face.

Speaking of the realtor, we ended up using a buyer’s agent after calling her to see one of her listings and, well, one thing lead to another and she ended up showing us this other home that she felt would be a better fit. We were skeptical at first because it was one we had already nixed during a late night realtor.com hunt. Why did it get nixed? Get this. It had a carport.

Contract No Carports

I stupidly decided that we strongly prefer an enclosed garage (for storage reasons, bug control reasons, and so-people-don’t-know-when-we’re-gone reasons). So I ruled out all homes with carports. Little did I know that odd parameter was keeping us from finding The One. So we begrudgingly agreed to see the house anyway, and the rest as they say is history. Even more amazingly, the sellers of the house were offering a credit to cover the entire cost of enclosing the carport to create a garage. Is that proof that it was meant to be or what? So the lesson here is to widen those parameters because your perfect house might be right under your nose (and hiding behind a carport).

But enough jibber jabber, let’s meet the future Casa Petersik. Admittedly, it’s not a Jeff Lewis exterior (yet) but we probably wouldn’t buy it if it was already there. And yes, it’s more than a little reminiscent of our current home at first glance, but the inside is larger, more flexible, and it runneth over with potential.

Contract House Filtered

THE STATS:

  • Age: 1960’s
  • House size: around 2,500 square feet
  • Lot size: .75 acres (almost exactly the same size as our current lot, but it’s more square and less long & narrow)
  • Bedrooms: 4
  • Bathrooms: 3

THE PROS:

  • Gave us that “this is IT” feeling the moment we walked inside
  • Open & flexible floor plan that will accommodate a growing family and a home-based business
  • Three modestly sized bedrooms just like the ones we have now PLUS a large master bedroom with an ensuite bathroom & a walk-in closet
  • Great blank slate with tons of potential (we love all the projects that we see when we look around)
  • Large centrally located kitchen- which makes it perfect for family gatherings (we can’t wait to knock out some walls)
  • Amazing neighborhood near our family with great schools (it’s actually very close to where we live now)
  • It’s a ranch, just like our first love house (we were open to all house types, but 50 yr old ranches never fail to steal our hearts)

THE CONS:

  • A bit larger than we expected we’d like (but still very much within our budget)
  • The landscaping will be more of a challenge than our current home’s (but we do love a challenge)
  • There’s a carport (but oh happy day, we get a credit to transform it into a garage)
  • The lot is less private than our current lot (but we have plans to change that)
  • We can’t think of anything else (we’re blinded by love I tell you)

Oh, and I guess we can meet this one minus the artistic photoshop filter. Ooh. Ahh. So crisp and non-blurry.

Contract House Unfiltered

We’re so glad that we found our perfectly imperfect house. The potential is so thick you can cut it with a knife. So cross your fingers that all continues to go well for everyone’s loans and that we end up closing in mid December without any hiccups. Until then you’ll find us gushing about our future home, playing around with paint swatches, brainstorming all sorts of layout ideas, virtually shopping for every room, charging the batteries in John’s drill, organizing and paring things down, packing, and just generally being freakishly excited. We can’t wait to share the next chapter of our lives with you guys.

More posts from Young House Love

Filed Under: Moving, Selling, & Buying, Our First House, Our Second House, Saving Money

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Comments

  1. Nikki says

    November 5, 2010 at 11:00 am

    CANNOT WAIT to see the projects you do w/ this one. So exciting!

    Reply
  2. Nancy says

    November 5, 2010 at 11:00 am

    So excited for you and all the DIYing I’ll be doing vicariously through you!! I have to say, I was getting a little bored with “our” old house ;) Congratulations and let the home improvement begin!! Well, maybe the moving first…oh, and those minor financing details. Good luck!

    Reply
  3. Maria @ Oh Healthy Day says

    November 5, 2010 at 11:00 am

    I love it! I just started reading your blog and I cannot wait to see what you can do with this house. Congrats!

    Reply
  4. kelly says

    November 5, 2010 at 11:00 am

    I am so excited for you guys!! I can’t wait to see what is to come :)

    Reply
  5. Rebekah says

    November 5, 2010 at 11:01 am

    Congratulations! So amazing that things came together so quickly!

    Reply
  6. Tammy says

    November 5, 2010 at 11:01 am

    Excited for you and can’t wait to see all the DIY to come!!

    Reply
  7. Allison says

    November 5, 2010 at 11:01 am

    Yay! So excited for you guys. Buying our first home was a total nightmare! We are blogging our progress for our family, too! Hope Escrow closes smoothly for you.

    Reply
  8. Anne says

    November 5, 2010 at 11:01 am

    YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAYYYYYYYY!!!!!!!!!

    Reply
  9. fd says

    November 5, 2010 at 11:01 am

    yay! yay! yay!

    – and i have renewed hope in my own househunt hitting the yes factor someday :-)

    Reply
  10. Kate says

    November 5, 2010 at 11:02 am

    Your excitement is so infectious! (and I mean that in a good way, not the creepy, gross way the word infect tends to sound!) I literally am all bubbly and happy and ready to go just reading this post!

    Congratulations, mazel tov, Salute! This is going to be so much fun to read about :>)

    k

    Reply
  11. Abby says

    November 5, 2010 at 11:02 am

    Wow! Can’t wait to see the inside! I’m glad you found a house that gave you butterflies! When we relocated, all I felt were chunks rising :)

    Reply
  12. Erika says

    November 5, 2010 at 11:02 am

    Congratulations! LOVE the new home; it already looks like a home to me; well established yard, pretty trees, etc. I love 60’s ranchers.

    Reply
  13. Danielle says

    November 5, 2010 at 11:03 am

    I can’t believe how excited I am you guys found a house. You’d think I was moving in with you, I’m so excited. I look forward to reading you post from my desk every day, and can’t wait to see all the new fun projects you come up with. I’d also like to comment on how well your blog is written. I’m always entertained. Today’s post was very fun to read. I always skip looking at which one of you wrote the post and see if I can guess. I have to imuse myself somehow.

    Reply
  14. Tempest says

    November 5, 2010 at 11:03 am

    Congratulations!! So excited to see more projects! :)

    Reply
  15. Mallory says

    November 5, 2010 at 11:04 am

    Congratulations! It looks like you found the perfect house, can’t wait to see some before and afters. Good luck with the move!

    Reply
  16. shannon says

    November 5, 2010 at 11:04 am

    Finally?!? Maybe the blog wasn’t done in live time, because I thought you’d only been looking since the end of September? Seems like a short house hunt to me. Congrats!

    Reply
  17. Rachel @ The Avid Appetite says

    November 5, 2010 at 11:04 am

    Wow, congrats! You guys definitely have a type! Best of luck.

    Reply
  18. Emily @ Our Waldo Bungie says

    November 5, 2010 at 11:05 am

    YAY! Congrats you guys! It looks really similar exterior-wise to your current house…can’t wait to see the inside! Did you guys take any pictures during your walk-through?

    Reply
    • YoungHouseLove says

      November 5, 2010 at 11:06 am

      Emily & CJ- Yes, we snapped some great pics during our walk throughs! We’ll be sharing those in a bit (we want to make sure the listing is off of MLS first so people can’t match the pics and find out our new addy- we’re paranoid like that).

      Katherine- Good question! We plan to do some holiday stuff here before we move and also to decorate the new place since we’ll hopefully be in around the 15th- with a few weeks to spare before Santa comes.

      xo,
      s

  19. Katherine M. says

    November 5, 2010 at 11:05 am

    Congratulations! I’ve been checking your blog non-stop since yesterday. Since you anticipate closing during December, are you planning to decorate for Christmas in the current Casa Petersik?

    Reply
  20. Andie says

    November 5, 2010 at 11:05 am

    Congratulations! I must say I am a bit jealous you found a home so quickly. It took us all of 6 months to find “the one”. I do look forward to all your new DIY projects though!

    Reply
  21. Rebekah says

    November 5, 2010 at 11:05 am

    Congratulations! I can’t wait to see what you guys do with this one!

    Reply
  22. Kayla says

    November 5, 2010 at 11:05 am

    HURRAY HURRAY!!!! LOVE IT and CANT WAIT to see the inside!!!

    Reply
  23. Stefanie says

    November 5, 2010 at 11:06 am

    So happy for you guys!! I knew you’d find a house and sell yours very quickly :) Love the house.

    Reply
  24. cassie {hi sugarplum!} says

    November 5, 2010 at 11:06 am

    congrats you guys on finding your new home! i’ll be watching everything you do and can’t wait to see!

    Reply
  25. Heidi says

    November 5, 2010 at 11:06 am

    congratulations guys! i can’t wait to see how you transform this diamond in the rough. :)

    Reply
  26. CJ says

    November 5, 2010 at 11:06 am

    It reminds me SO MUCH of all the homes in my neighborhood. I can’t wait to see the inside, y’all will be doing a tour ASAP, right?

    Reply
  27. mike @ the lil house that could says

    November 5, 2010 at 11:07 am

    wow, congrats and best of luck!

    Reply
  28. Cameron says

    November 5, 2010 at 11:07 am

    Congrats you guys. I’m solo excited for your new home. I hope all goes well between now and closing. I’m so excited to see what you do with this one!

    Reply
  29. MS says

    November 5, 2010 at 11:07 am

    Congrats guys! This is great news. I am selfishly really excited because after a year of living in our “almost identical to your next house” home, we’ve done almost nothing. Its our forever house and I’m having major analysis paralysis. Here’s hoping you guys will inspire me to get goin!

    Reply
  30. Lauryn says

    November 5, 2010 at 11:08 am

    YAYYYYYYYYYYYYYYYYY!!!!! Im so stoked!!! I can’t wait to see everything you guys have dreamed up, its going to be beautiful!

    Reply
  31. Ami @ beyondpeasandcarrots says

    November 5, 2010 at 11:08 am

    yay!! Congrats. Sooo exciting! Can’t wait to see all the new projects!!!!

    Reply
  32. Susanna says

    November 5, 2010 at 11:08 am

    Yay you! Love the jazz hands. What’s the new blog title going to be? Somehow I don’t think you’re just going to swap out “second house” for “first house!”!

    Reply
    • YoungHouseLove says

      November 5, 2010 at 11:09 am

      Hey Susanna,

      We’re working on it riiiiight this moment. Stay tuned…

      xo,
      s

  33. Erin says

    November 5, 2010 at 11:08 am

    Congrats on finding THE (second) ONE! I so know that butterflies-in-the-stomach feeling and I am sad for anyone who buys a house without it.

    I’m, also, scarily excited for this … I, perhaps, need a life. Fingers crossed for everything to go smoothly!

    Reply
  34. Nicole Y. says

    November 5, 2010 at 11:08 am

    I have to chime in with the rest of the comments when I saw how scary it is that I’m this excited for you guys and seeing the progression of this new house! I started reading this blog when you guys had already done a lot with this current house, so this will be a real treat to see everything from the very beginning. Congrats! 4 bedrooms! that’s awesome :)

    Reply
  35. kate says

    November 5, 2010 at 11:08 am

    Congratulations! That was fast.

    The new house looks like a spitting image of my neighbor’s house. We like in a 60’s neighborhood too. Excited to see what you do with it!

    Reply
  36. Sophie says

    November 5, 2010 at 11:09 am

    HOLY BANANAS!

    I’m so happy for you guys! Like, actually grinning from ear to ear right now!

    I can’t wait until you can tell us more! ^.^

    Reply
  37. Debbie says

    November 5, 2010 at 11:09 am

    Yay! Congratulations you guys! I can’t wait to see all the future projects you have in store for the new house.

    Reply
  38. Jackie says

    November 5, 2010 at 11:09 am

    Can’t wait to see the inside!

    Reply
  39. Catherine says

    November 5, 2010 at 11:09 am

    So excited for you two! I can’t wait to see the indoor potential… and the projects! Bring on the projects!

    Reply
  40. Anne says

    November 5, 2010 at 11:09 am

    Congratulations!!! You did in a few months what folks wait years to do. Looking forward to many many more great posts!

    Reply
  41. justjillian says

    November 5, 2010 at 11:09 am

    congrats!
    cannot wait to see all of your new projects!!!

    jillian xoxo
    http://just-jillian.blogspot.com

    Reply
  42. Heather says

    November 5, 2010 at 11:10 am

    So excited for your family!!! Can’t wait to see all the projects & hope you get all moved in & settled before Clara’s first Christmas!!!

    Reply
  43. Wintry Mix says

    November 5, 2010 at 11:10 am

    For the two of you, I am THRILLED, that the whole process has gone so well and that you’ve found a place you love. For myself, I am bummed…it’s another ranch and it looks exactly like your current place! My dreams of YHL-tackles-a-Victorian nirvana are dashed.

    Reply
  44. Amy says

    November 5, 2010 at 11:10 am

    Yay! Congrats! The first thing I thought was it looks so similar to your current house, which means it must be right for you! Can’t wait to see all the details!

    Reply
  45. Caitlan @ Left-Brained Creativity says

    November 5, 2010 at 11:10 am

    I am so excited for you all! I can’t wait to see the inside, and then see how you work your magic. Best of luck on the final steps.

    Reply
  46. Samantha says

    November 5, 2010 at 11:10 am

    Yay! I knew it!!!!! I am SO happy for you guys!! yay!!!!

    You guys should set up an ebay account or something to sell the stuff you’re not taking with you. Do you know how many people covet your stuff?!? You could make some money!

    Reply
  47. Sarah says

    November 5, 2010 at 11:11 am

    Eek! Congratulations! Goosebumps over here!

    Reply
  48. Samantha says

    November 5, 2010 at 11:11 am

    YAAYYYY! I’m so excited for you all. Can’t wait to see all the wonderful things you do in your new home. I swear, it’s like Christmas came early, I’m just as pumped as you are! Congrats.

    Reply
  49. Kana says

    November 5, 2010 at 11:11 am

    Is it silly that I am somehow feeling a great sense of accomplishment by just reading this entry?? I guess it’s called living vicariously through a blog! haha. I’m so excited to see all before-after pics! (another thing that makes me feel a sense of accomplishment without me doing anything!) Ok.. now back to my dissertation so I can feel a sense of accomplishment of my own :) So happy for you guys!!!

    Reply
  50. Kelley says

    November 5, 2010 at 11:12 am

    Am loving the new digs! Can’t wait to see pics of the interior and then pics of what you guys do to it. I totally feel your excitement. It’s like a brand new…..well….HOUSE! BLANK SLATE! Fun!

    Reply
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John and Sherry Sitting On Woven ChairHey, we’re John & Sherry. We’ve fixed up 7 homes, written books, designed products, started a podcast, and then downsized & moved to the beach! Here you’ll find over 3,000 DIY projects & home updates. More about us…
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