Industry News

First-time home seller blogs about learning the ropes

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

When Dean Comber and his wife put their home in the western suburbs of Chicago up for sale last summer, they didn't realize how much the market had changed in the two years since they'd purchased it. "When we bought our house (in 2004), it was a seller's market, and it was a multiple-offer situation where the house was on the market for two weeks," Comber said. "We kind of envisioned that was the way it was going to be when we put our house on the market." After five months of showings through two agents without an offer, the couple took their home off the market and backed out of the purchase of another home that had been their motivation to sell. "The word to describe this whole process was 'nightmare,' " Comber later wrote. "We never knew all the intangibles that go into selling a home." The story -- detailed on Comber's blog, -- appears to have a happy ending. After putting their home back on the market in March, the couple found a buyer, and hope to close...