sell or not to sell

Re: sell or not to sell

• srs5624 member

  December 2011

  If you're serious about wanting to sell, check with a realtor or get an actual appraisal. I hesitate to trust the accuracy of any home valuator website.

  H and I are looking to move to the Hampton Roads/Norfolk/VA Beach area in the next few years and we've noticed that the market down your way is very slow. Most of the houses have been listed for a long time (many have been listed for over a year). I find it amusing when the houses that say "this one will move fast", "won't last long", "move now before it's gone", etc have been listed for at least 9 months.

  
  http://pandce.proboards.com/index.cgi#general

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• Chloe77

  December 2011

  We were in the same situation.  I think it all comes down to how much spare cash you have.  We had been saving for years and had enough cash in the bank to put down a good amount on our new house and also to bring to settlement for the sale of our old house.  We had the cash to take advantage of the low prices for buyers.  However, if we didn't have the money to put out to buy AND to sell, we wouldn't have.  It's nice if you can do it, but the nicer thing is that you can just keep your house (even if space is tight) if you don't have the cash to sell right now because you're underwater like the rest of us :-) 

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• car_ramrod

  December 2011

  Chloe77:

  We were in the same situation.  I think it all comes down to how much spare cash you have.  We had been saving for years and had enough cash in the bank to put down a good amount on our new house and also to bring to settlement for the sale of our old house.  We had the cash to take advantage of the low prices for buyers.  However, if we didn't have the money to put out to buy AND to sell, we wouldn't have.  It's nice if you can do it, but the nicer thing is that you can just keep your house (even if space is tight) if you don't have the cash to sell right now because you're underwater like the rest of us :-) 

  Ditto this.  We did the same thing.  Most expensive day of our life was bringing over $20k to the table to sell then also our down payment and closing costs on our new house  Made me want to be sick.  Babies don't take up that much space so I would not move just becasue of one child.  People have kids everyday in 1 bedroom apartments, it just takes planning.  One of our best friends has a 700 square foor house with two bedrooms and one bathroom and they make it work really well.  Their house is super organized and a great use of space.

  If you have the money to bring to settlement to sell and buy plus emergency fund then go for it but if you don't and won't anytime soon then stop thinking about it because it will make you crazy and sad. 

  
  

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• nmb02

  December 2011

  I would not trust this website. I just looked up the house which I sold at the being of the month for over 55,000- iit was a small starter home- on this website it sid the house was worth only 14,000. the house we just brought was said to be worth in the 40's and we paid over 3 times this- actually closer to 4x this amount.

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