Today we’re having a Real Estate Reality Check. Or rather, we asked our realtor to come over and appraise the situation. Should we sell now or stay here and stick more money into this place to make it what we want. I don’t think there’s an easy answer to this question and I think almost everyone is asking it right now.
Currently I’m pretty sure we would not have to owe on this house if we sold it. If for some reason that ends up being the outcome then there is just no way we’re doing that. Doesn’t make sense, we don’t HAVE to move. We can afford the time to wait out this market for 5 or 10 years and then who knows? Maybe we’ll have redone a couple things and made this our dream house any way.
It’s just such a transitional time. We want to move. Very much. Not because our neighborhood is terrible or we’ve outgrown the house or it’s a money pit … none of those things. We just like to move. We like a change in atmosphere, scenery etc. And when we bought this house it was a stepping stone. We never felt like this was the forever house.
But it could be. And that’d be fine with me. I just need to know. This way, or that way?
If we did sell this house I would have NO problem whatsoever renting for 6 months or a year. I’ve never rented. I’ve been a homeowner since I was 19 and the non-pressures of renting sounds really, really good to me. Pay the rent and you’re done. No need to pay for upgrades and no dying itch to paint or remodel. Just … take a break. Let someone else be the Rooster for a bit and I’d bet good money that in the end of a renting situation, we would have more money saved than if we go right into buying another home and fixing it up asap.
I just feel like there are so many pro’s to selling right now. But there are also cons. Like schools. And if nothing is available to rent in our desired price range or it just doesn’t work out – and we have to hurry up and buy another house so we have a place to live. That’s scary too, because that doesn’t really fix anything. It just creates new problems that will very quickly mirror current ones (upgrading, wanting to move, or realizing we’re in the wrong place).
So. That’s what I’m doing today.
What about you?