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Further planning needed

May 2nd, 2015 at 04:23 am

So last night we were discussing more about the future. Everyone asks us where we are moving to and the answer is "when the house sells we'll decide." It's the truth. Last year alone I had two friends whose condos (one in our town) that didn't sell.

Friend W didn't sell because she priced it too high $629k for her 2 bd condo that this year she listed at $539k. But last year she wasn't willing to drop it that low. Friend K had massive repairs that they did over the summer and winter and no one wanted to take on. This year they listed for $339k versus $359k and got an offer and are selling. So for reasons beyond or within their control I can see how homes don't sell.

Well I'm not about to sign onto a lease without guaranteeing I don't have to cover it and a mortgage. I don't get why people don't understand the financial aspects of planning. If we don't sell, we stay. If we sell then we can easily find a rental if we needed too because we are flexible in the sense I don't "need" more than a 2 bd/1 ba and can live with the kids in a 1 bd if need be.

But we were talking more and last night I think we've figured out we're moving out west. A few things have clicked recently and we should be moving July 1st out west.

Next on my agenda figuring out where we are going to live out there because my DH wants us to rent in a town we are likely to buy in. Since his job prospects are looking up that changes our financial picture short and long term. I'm looking at us clearing around $300k on the home sale which we haven't decided yet if we'll pay cash for a home or we'll put down 20% and invest the rest. Plus we've saved another $200k cash for living without a job. Financially I think we could pay cash for a house but I'm not sure I want to.

I'm starting to research movers because our situation is slightly different in that we're moving cross country, may need storage for a year while we find a permanent place, and we certainly aren't renting the size of what we are buying.

Finally the RV thing is a dream, but we've talked and think we've come up with a pretty good compromise. We were thinking maybe rent an RV for a week and go on a vacation on the East Coast. Then start our relocation. So the RV rental is $895 for the week including 100 miles/day and 25 cents a mile over. So we are looking at 2700 miles (on the high end) so we will be paying $500 extra for mileage. Then gas and food. $1395 for RV and I'm guessing $1k for gas and $500 for food? All in for a week $3k and an opportunity to see places we'll never see again?

Well today we have our first open house 11-1. We had two showings yesterday 6 and 6:30. 6:30 person had to cancel and is coming to open house but she had wanted to see it last Sunday when we weren't ready. The 6 pm couple came with their two small children and they loved it and stayed over an hour. My realtor had another appointment and she had to leave but they were standing outside and she had been waiting for them to scoot. They currently rent in the next town over the same layout of townhouse. Crossing my fingers.

I think this plan of waiting until Monday for offers is more stressful than accepting them as they come in. Of course if we were accepting them as they come in and nothing was coming in then I'd probably be more stressed out.

2 Responses to “Further planning needed”

  1. Ima saver Says:

    You are so lucky to be selling your home so quickly. We have had our spec house on the market for almost 4 m onths and haven't even received one offer. It is brand new, 3 bedrooms, 3 1/2 baths, rec room, mountain view and on a creek. I guess we just live in the wrong place?

  2. creditcardfree Says:

    Glad you have more clarity on where you are moving, that has to help ease the mind. I think waiting for any offer is stressful. I was stressed out dealing with multiple offers at the same time the other day because they don't always come in at the same time! The dates people wanted to close was all over the place, too. Even after we told them our preferred date.

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