One key decision we had to make this year about our Minton home was what we’d do with our current and first family home @ The Rivervale. Truth be told, most people around us advised us not to sell our old property but to rent it out instead, as the long-term returns were higher. For instance, the rent alone from the home would have paid off our monthly installment of our home loan for Minton, and with spare change too. On the other hand, we (or rather, it was mostly just me) didn’t want the hassle nor potential complications of renting out an apartment, and wanted to be debt free sooner to that we could start significantly investing in our children’s education funds.
We finally decided to sell away our Rivervale home only in February this year – about a month before moving to Minton. The next decision we made was not to sell away the old place before we had properly moved and settled into our Minton home. Much of it lied in that we didn’t want to rush through the sale process. We wanted a good sale at a price we were comfortable with, and to owners who would, hopefully, treat the place with the same respect and care the first owners did before they sold it to us in 2006.
Unfortunately, our delaying the sale of our old home also meant that the general price trends of resale homes were depreciating over the last months. It wasn’t a disconcerting drop fortunately, but not small enough on the other hand to make us laugh it off.
We didn’t spend a lot of time in our hunt for the right property agent to sell our old home. We simply collected a stack of publicity collateral various agents had been stuffing into our mailboxes, shortlisted a couple of them (don’t laugh now – but we went mostly with how nice they looked in their pictures!), invited them over for discussions, saw their portfolio, then decided. Of the three agents we interviewed, one was nice and probably competent but seemed somewhat unfamiliar with the nuances of Rivervale units or the general area. Another was quite aggressive, had a fabulous track record, but didn’t quite endeared herself to us. The third – but actually first agent we spoke to – was – a jovial and bubbly lady who was apparently specialising in the sale of Rivervale units. As it turned out too, her daughter was Hannah’s friend and bus-mate in school too. A lucky match. We negotiated the asking commission, decided on the targeted yet achievable sale price, signed off on the exclusive arrangement to sell, and went with it in early June.
To our agent’s credit, and probably also because she had a well-honed system (i.e. do A, then B, then C, then D etc.), there were quite a few viewings over the next few weekends, and she kept us posted each time on these viewing arrangements. The actual confirmed sale of our unit to a family came almost exactly a month later with the new buyer exercising the Option to Purchase. We were alright with the counter-proposed sale price offered by the buyer, appointed the lawyers at our own end, and began the sales paperwork. The sales transaction would take three months to complete.
Almost two months have passed since that point, and earlier this week, we just almost finally cleared everything in our Rivervale home. We arranged for the handymen who work the condo to come clear off the bulky items – the Ikea sofa, the handed-me-down TV console, our master bedroom frame, the IKEA bookshelves and chairs, the Zen-like dining table etc. Thereafter, we took the opportunity to take a final round of pictures to remember our first home. As Ling mused; seeing our old home bare off furniture reminds us of what the place looked like 8 years ago too. Peter will be too young to remember the place, but Hannah might – and there will certainly be pictures to remind her!
We’ll miss our Rivervale home; the cool breezes we enjoyed in the living room everyday, the great neighbors, the large space the condo sat on, and the general serenity in the condo’s amenities and common areas. Hope the new owners take care of the place!