We took the family to look at houses yesterday. Our plan is to move into the best school district in the area in the next 1 to 2 years.
And of course, we found a house we adore on the first trip out. We have agreed to discuss logistics-- selling this one, staging it, etc.
Anything with two toddlers is crazy.
We will no matter what be losing money on this place, but we have 100 percent equity, so no matter what we make we will be able to put that toward paying down the next place.
Still, it's depressing. We paid 154k, put 40k into serious upgrades and maintenance, and the realtor says we need to list in the 130s, because the house is small. UGH!!!! Even if we waited until the market were up, we wouldn't get our money back.
We plan to look at more houses, but if this one still sticks with us-- do we go for it? Or do we stick to our original plan?
Now we are really in trouble
February 14th, 2011 at 06:22 pm
February 14th, 2011 at 06:55 pm 1297709738
I presume *no house payment* gives you a lot of flexibility.
Personally we bought our *forever house* before kids so we wouldn't have to move with kids. That said, I don't think it will get much easier between now and 1-2 years later. It is what it is. Imagine moving while pregnant, or with a newborn, and it will seem easier. I am astounded by the number of people I know moving with newborns. Not sure I could do it!
February 14th, 2011 at 06:57 pm 1297709821
February 14th, 2011 at 07:18 pm 1297711135
February 14th, 2011 at 09:02 pm 1297717335
I will say we are like MonkeyMama, When we know, we know, and we've never regretted it. We aren't indecisive. We have a list of what we want. This is all of it.
There are other houses, true. But, this has a gigantic lot-- half an acre in an area where a quarter or less is common, and is less than half a mile from the elementary school and three parks. And, hubby can bike to work.
February 15th, 2011 at 02:12 am 1297735957