Originally posted by Footin
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We are moving!
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Well, two years later and we have moved into our new home. We ended up buying a spec house (free standing condo) in a golf course community (no lawn care!).
The move to the apartment and the realized gain on the house put us in great position for this move. We now can look at retirement a bit sooner (I hope) and spend more time at our cabin in Kentucky without having the yard to tend to.
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Quick update: we are still in the apartment but have started looking at houses. This market is frigging crazy! I really thought it would cool off by now.
We are hoping that the rising interest rates will slow things by fall, but we are spending a lot of time at the lake house!
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Sold our first house for 50% more than we paid in one day on the market after owning for 6 years. Lots of small improvements, nothing major, no added square footage. Helps to be least expensive house in very desirable area.
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Congrats both of you... houses are selling in 7 days or less in my area for improved market value. Saw one sell 1 street away for 272k, no upgrades/improvements from mid 90s.
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Originally posted by CantRepeat View PostReal Estate is just crazy right now. My FIL passed away almost two years ago but I was too busy to do anything with his house at the time(wife was deep in her battle at the time).
I finally started clearing out his house and some guy pulls up in the driveway and offered to buy it. After doing some checking and talking with some realtors the offer was about 20k more then I would have asked and I saved the 20k in realtor fees to boot! He single handedly reset the price pre square foot in the area.
It's a good time to be a seller.
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We figured it was a good time to downsize and to take advantage of the hot real estate market. We listed our house and it was in contract in 7 days for more than I expected, so we are moving into an apartment for a year to wait this out. I think the housing market will cool off next year and we can get a great deal on a smaller home.Last edited by kat889; 11-07-2020, 06:38 AM.
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Congrats Mike, sounds like you got another excuse to spend more time at the cabin now, that's always a positive.
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Congrats Mike! Enjoy the new found time!
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The move is complete as we finished today. It's been a bit of a challenge going from 4 bedroom 3.5 bath 3,500 square foot house to 2 bed, 2 bath 1,300 square foot apartment but we don't regret it at all.
We went from listing date to today in 45 days, it's has been a whirlwind!
Might go to the cabin next weekend, no yardwork to worry about!
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Sell hi, buy low.....1/2 way there
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Closed on our house today and get the apartment tomorrow.
The plan is coming together!
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Originally posted by jkski View PostCongrats Mike.
One other thought.......Early Retirement!!! Forget buying another house!
Hmmmmm
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