Sunday, April 20, 2008

where will we go next?

Our realtor reassures us every day that the market is taking a turn for the better. She says buyers are out there. And she insists that the Yellow House is the nicest one in the area.

But I have my doubts. I've seen many houses sit with an MLS for months.

So we put the Yellow House on the market way earlier than most people would suggest.

Susan commented a few days ago, questioning what we would do if we sell the Yellow House. And she's right. After all, we haven't even broken ground on Amara's new house.

There are lots of options for those who are current homeowners that choose to build a new home.

Some homeowners decide to factor in build time into their selling contract. This allows them to stay in their current residence while construction takes place. However, this would not work for our family since the market is in such a rut right now. I couldn't conceivably ask a buyer to wait six months before moving in. I'd imagine that would be an immediate deal breaker.

Some sellers choose to live with relatives until their house is complete. Yeah, not an option either. Not only do Dad2Amara and I have the craziest schedules on earth, but we also have Lady, Dog2Amara. And we have lots of stuff. And our relatives don't live anywhere near Amara's school. Financially, this would be a great option. But I think our bank account will have to get over it.

Lastly, many apartment complexes do offer a month-to-month lease. The website SoundMoneyTips.com says it best:
"...for those unsure of their next step in life, a month-to-month lease is not a bad option."
Dad2Amara and I are sure fo what's next. We just don't have a contingency plan as of yet.

But before building the Yellow House, Dad2Amara and I lived in an apartment. Actually we lived in several apartments. So we're no strangers to living in tight quarters.

We have some nice apartment complexes near our neighborhood that would work with our lifestyles. And it'll be nice to pay for rent that's less than the cost of our mortgage.

Hey, we love each other. So why can't we love each other in 800 square feet?

2 comments:

Anonymous said...

Nice article! Hope you will be successful in selling your house soon! I am dealing with luxury homes Toronto and I have seen some of them on MLS for months, because it's slow segment. But waiting was always good choice and the final price was good!

JaciR100 said...

My old apartment complex let us move there for 7 months without an issue- no yearly lease needed. That was right down the street from you guys!