Selling our home!

[Driftwood]

My wife and I had been tossing around the idea of selling our home, mainly due to Driftwood (and Hill Country) being such a crazy hot market. We live in a rural area, everyone has 5-10 acres, and it's a dead end street. Mostly nice homes, but older. 2 homes recently sold, both way older, smaller and neither had a pool. One was asking 799k and got 1.1 million, the other was asking 1.4 million and got 1.44 million.

After we came back from our 2 week trip to Montana, we thought "let's test the market" so we got the house power washed, windows cleaned, interior cleaned, and updated our landscaping.

Our listing went live Friday (7/23). We had 4 showing that night, 3 Saturday and 2 Sunday. By Sunday afternoon, we had 3 offers in hand.

This home was a full on custom build for us, our dream home, planned to stay until I retire in 9 more years. So this decision was not done lightly. We figured if we get a good offer, we'd take it.

We listed at 1.3 million. 48 hours later, multiple offers later, under contract for 1.55 million. All cash. Waived the option period, waived the inspection, 20 days free lease back.

We couldn't believe it! Our all in cost when we built (5 years ago) was 540k for house, 160k for the acreage, 70k recently for the pool, so 770k total. We now doubled it in 5 years time.

Here's the house: https://www.redfin.com/TX/Driftwood...0eV9pZD01NTE1MTQxNyZwb3NpdGlvbl9udW1iZXI9MA==

As for what's next? Hard to say. We may stay in Texas, look for land further out and build or place a trailer. I've also applied for jobs in Arkansas and Montana (state jobs), hoping to transfer. My wife has the luxury of working from anywhere with an Internet connection.

Thanks for listening ?

 

[Regular Cab Duallies]

Here's the house: https://www.redfin.com/TX/Driftwood...0eV9pZD01NTE1MTQxNyZwb3NpdGlvbl9udW1iZXI9MA==

As for what's next? Hard to say. We may stay in Texas, look for land further out and build or place a trailer. I've also applied for jobs in Arkansas and Montana (state jobs), hoping to transfer. My wife has the luxury of working from anywhere with an Internet connection.

SWEET house and story!

If you move to Montana/Arkansas (which you should), you're gonna need to change your name again...

Thanks for sharing ?

 

[2020Tremor]

M

My wife and I had been tossing around the idea of selling our home, mainly due to Driftwood (and Hill Country) being such a crazy hot market. We live in a rural area, everyone has 5-10 acres, and it's a dead end street. Mostly nice homes, but older. 2 homes recently sold, both way older, smaller and neither had a pool. One was asking 799k and got 1.1 million, the other was asking 1.4 million and got 1.44 million.

After we came back from our 2 week trip to Montana, we thought "let's test the market" so we got the house power washed, windows cleaned, interior cleaned, and updated our landscaping.

Our listing went live Friday (7/23). We had 4 showing that night, 3 Saturday and 2 Sunday. By Sunday afternoon, we had 3 offers in hand.

This home was a full on custom build for us, our dream home, planned to stay until I retire in 9 more years. So this decision was not done lightly. We figured if we get a good offer, we'd take it.

We listed at 1.3 million. 48 hours later, multiple offers later, under contract for 1.55 million. All cash. Waived the option period, waived the inspection, 20 days free lease back.

We couldn't believe it! Our all in cost when we built (5 years ago) was 540k for house, 160k for the acreage, 70k recently for the pool, so 770k total. We now doubled it in 5 years time.

Here's the house: https://www.redfin.com/TX/Driftwood...0eV9pZD01NTE1MTQxNyZwb3NpdGlvbl9udW1iZXI9MA==

As for what's next? Hard to say. We may stay in Texas, look for land further out and build or place a trailer. I've also applied for jobs in Arkansas and Montana (state jobs), hoping to transfer. My wife has the luxury of working from anywhere with an Internet connection.

Thanks for listening ?

Montana is full . Seriously the market is insane here the same out of state stupid price paying is going on here as well. Have been trying to upgrade my home to something more family friendly and is really difficult when people are paying exorbitant amounts for things. I can’t blame you for cashing in though.

 

[Driftwood]

M

Montana is full . Seriously the market is insane here the same out of state stupid price paying is going on here as well. Have been trying to upgrade my home to something more family friendly and is really difficult when people are paying exorbitant amounts for things. I can’t blame you for cashing in though.

We are looking at the Helena area, so I can transfer my years of service to a state job there. I hear there's been an influx of people from CA moving into MT?

 

[Driftwood]

If you move to Montana/Arkansas (which you should), you're gonna need to change your name again...

Hah!

 

[jjfred2112]

My wife and I had been tossing around the idea of selling our home, mainly due to Driftwood (and Hill Country) being such a crazy hot market. We live in a rural area, everyone has 5-10 acres, and it's a dead end street. Mostly nice homes, but older. 2 homes recently sold, both way older, smaller and neither had a pool. One was asking 799k and got 1.1 million, the other was asking 1.4 million and got 1.44 million.

After we came back from our 2 week trip to Montana, we thought "let's test the market" so we got the house power washed, windows cleaned, interior cleaned, and updated our landscaping.

Our listing went live Friday (7/23). We had 4 showing that night, 3 Saturday and 2 Sunday. By Sunday afternoon, we had 3 offers in hand.

This home was a full on custom build for us, our dream home, planned to stay until I retire in 9 more years. So this decision was not done lightly. We figured if we get a good offer, we'd take it.

We listed at 1.3 million. 48 hours later, multiple offers later, under contract for 1.55 million. All cash. Waived the option period, waived the inspection, 20 days free lease back.

We couldn't believe it! Our all in cost when we built (5 years ago) was 540k for house, 160k for the acreage, 70k recently for the pool, so 770k total. We now doubled it in 5 years time.

Here's the house: https://www.redfin.com/TX/Driftwood...0eV9pZD01NTE1MTQxNyZwb3NpdGlvbl9udW1iZXI9MA==

As for what's next? Hard to say. We may stay in Texas, look for land further out and build or place a trailer. I've also applied for jobs in Arkansas and Montana (state jobs), hoping to transfer. My wife has the luxury of working from anywhere with an Internet connection.

Thanks for listening ?

----
a little too rich for my blood. my BAH won't cover that mortgage payment hahaha. sick house though. I'm PCSing out to the Austin area in a few months. It has been a pain in the a$$ to find a reasonable priced house.

 

[Nick1236]

we thought about listing our house but the problem is buying another one after. The market is prime for selling but buying it outrageous. If we had another place to stay and let the bubble burst again we would 100%

 

[Driftwood]

we thought about listing our house but the problem is buying another one after. The market is prime for selling but buying it outrageous. If we had another place to stay and let the bubble burst again we would 100%

I get it, for sure. We had that same concern. If we stay here in TX, likely moving out to Johnson City area. Prices are slowly climbing out there, but nothing like it was in Driftwood. And I can still tolerate that commute if I don't transfer.

AR or MT would hopefully be a cash purchase, no mortgage going forward.

 

[Cococounty]

I get it, for sure. We had that same concern. If we stay here in TX, likely moving out to Johnson City area. Prices are slowly climbing out there, but nothing like it was in Driftwood. And I can still tolerate that commute if I don't transfer.

AR or MT would hopefully be a cash purchase, no mortgage going forward.

Smart move I would cash out to that’s a no brainer keep use posted

 

[2020Tremor]

We are looking at the Helena area, so I can transfer my years of service to a state job there. I hear there's been an influx of people from CA moving into MT?

CA and a lot of WA lately it seems. With the early fire season and hopefully a normal super cold winter will hopefully slow that some.

 

[830Tremor]

I’m nearby in Spring Branch area. Market is nuts. Been in our house 9 years. It’s nearly doubled in value according to Zillow estimate. be nice to take advantage of the market but where to go? Seen other folks in our area selling and moving in with family or RV living. Not sure I could do either with kids and pets…

 

[modified]

Wow, that's awesome @Driftwood - Congrats! We are seeing the same type of crazy pricing in our area as well. It's crossed our minds to sell and take advantage of the current market but we really like the school system around us.

 

[davidb1841]

Congrats Driftwood!.......that is crazy!.........you could buy 2 of those in NC...just with the profits!

 

[Driftwood]

Seen other folks in our area selling and moving in with family or RV living. Not sure I could do either with kids and pets…

That certainly would not be ideal. RV would only be a very short term solution IMO.

 

[BroncOh]

If Driftwood moves out of state I call dibs on the replacement Austin staff member position for this forum ?

Congrats on the sale btw @Driftwood !

 

[Steele67]

the temptation is great in Austin Tejas we've been in our crib here in Bee Cave fer 11 years. Dropped in a pool with weekly letters and text in the 1.2-1.5 with a build cost of 400k back in the day- I've a ton of toys so I'd love to move further out its just crazy to even find a builder that can get you started before 22'

 

[Ilkhan]

My wife and I had been tossing around the idea of selling our home, mainly due to Driftwood (and Hill Country) being such a crazy hot market. We live in a rural area, everyone has 5-10 acres, and it's a dead end street. Mostly nice homes, but older. 2 homes recently sold, both way older, smaller and neither had a pool. One was asking 799k and got 1.1 million, the other was asking 1.4 million and got 1.44 million.

After we came back from our 2 week trip to Montana, we thought "let's test the market" so we got the house power washed, windows cleaned, interior cleaned, and updated our landscaping.

Our listing went live Friday (7/23). We had 4 showing that night, 3 Saturday and 2 Sunday. By Sunday afternoon, we had 3 offers in hand.

This home was a full on custom build for us, our dream home, planned to stay until I retire in 9 more years. So this decision was not done lightly. We figured if we get a good offer, we'd take it.

We listed at 1.3 million. 48 hours later, multiple offers later, under contract for 1.55 million. All cash. Waived the option period, waived the inspection, 20 days free lease back.

We couldn't believe it! Our all in cost when we built (5 years ago) was 540k for house, 160k for the acreage, 70k recently for the pool, so 770k total. We now doubled it in 5 years time.

Here's the house: https://www.redfin.com/TX/Driftwood...0eV9pZD01NTE1MTQxNyZwb3NpdGlvbl9udW1iZXI9MA==

As for what's next? Hard to say. We may stay in Texas, look for land further out and build or place a trailer. I've also applied for jobs in Arkansas and Montana (state jobs), hoping to transfer. My wife has the luxury of working from anywhere with an Internet connection.

Thanks for listening ?

Find an RV you like and live on the road for a bit

 

[Lgm1970]

We did the exact same in Barton Creek, paid $950K in July of 2018, went on vacation at the beginning of July and told out agent she could do a private listing, had 4 showing and one day later accepted an all cash offer, no option at $2.1M with 30 days free leaseback. It's crazy, I wouldn't pay these prices but I am glad someone did. We are not sure where we are going next, my son has one year left in HS then either Montana, Tenn, Idaho or Wyoming (our older son lives in Arkansas so that maybe an option too). I love Texas (but Austin is becoming a mini SF/LA) but am ready to get out of the heat...lol

 

[stufarmer]

Awesome ..!! Congratulations .. I'd love to sell our home .. We built it in 94' it's definitely time, but I'm chicken.

 

[Lgm1970]

To be fair, I didn't want to sell... but my wife convinced me..?