Good News! An offer we like after 16 months

18 years ago

Our house has been on the market for 16 months. We have not lowered the price. We had one low offer this spring.

Tommorrow we are getting an offer for full list price. A few contingencies, but we don't think they will be anything we don't like.

We are in a funny market. Western Wyoming close to Jackson. Things have slowed down but I have seen only three listings drop the price in the last 12 months. Two with-in the last week. Both above 1,000,000.00.

We knew we had to wait for the right buyer. Our house is small( 1200 sq feet) but is in a great location with close to 6 acres.

This will be a second home for the people making the offer. They have another home in the area and put it on the market today. They also prearranged a bridge loan. They want it bad! We are very happy that the home we built will be going to someone who will love it like we do.

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Comments (7)

triciae
18 years ago
Congratulations! Whew, after 16 months you must be so sick of living under the artifical conditions of being ready to show at a moment's notice. I'm curious...what's the average DOM for your area in normal times versus now? We don't have a lot of posters that I'm aware of from Wyoming so I don't know much about the market...especially western Wyoming. I did some lending in eastern Wyoming when I was in Denver...mostly cattle. I even remember it takes about 20 acres/head for grazing.

Your area's very different though. Beautiful country, BTW!

/tricia
jmagill_zn4
Original Author
18 years ago
I have no idea on DOM's

If it goes fast around here it 6-8 weeks DOM. Lots of homes have been listed longer than mine. Prices have risen in the last couple of years because as they say the billionaires have squuezed the millionaires out of Jackson.

We bought 6 acres for about 12,000.00 an acre in 2000. It would sell for about 75,000.00 an acre now.

We are not your regular market.
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mfbenson
18 years ago
Sounds like you're in a different market (pricewise) than most of us; still its good to hear good news somewhere. From what I've read DOM in your price range is typically higher than the more "commodity" homes that we're in.

Still, someday... Oceanfront property with a private dock... oceanfront property with a private dock... oceanfront property with a private dock...
jmagill_zn4
Original Author
18 years ago
"Sounds like you're in a different market (pricewise) than most of us"

I am now. I will be moving to somewhere cheaper. We built a tiny home ourselves so we could afford the land. Now we cannot afford to live here.

The market has changed in leaps and bounds since we bought. We can not buy here again.
sharlanet
18 years ago
Congrats! DH relatives were some of the first settlers in Jackson. What we wouldn't give for a sliver of the land they once had, but we just can't afford it. Maybe someday . . .
marys1000
18 years ago
Good for you. I wish I'd had that kind of time.
Is it taxes driving you off or what? what about the area has gotten so expensive?
I lived outside of town on a hill in Omaha and found that wind really bothered me. I like a breeze as much as anyone but this was sort of a constant wind. Coulnd't stand it. Wyoming is beautiful but I hear its very windy.
jmagill_zn4
Original Author
18 years ago
Everything is more expensive. Property taxes rise 30% a year as all the neighbors sell there homes at escalating prices.( I will be one of them now) There is lots of work but you work so much to pay the bills that you can not enjoy the area.

The 11 acres beside us(no home) was bought just in 2001 for 200,000.00 it sold in 2005 for 330,000.00 It is now listed for 1,125.000.00 They turned down 900,000.00 last year.

My neighbors home was built and bought 2 years ago for 650,000.00. It is now listed for 1,300,000.00

My wages do not go up as fast as the taxes and upkeep costs. We decided to sell and take the money and run.