Last night we met with a real estate agent to put our house back on the market. We tried to sell it last year, but houses just weren't selling in our area. We're hoping this year will be different. We love our house, but it's no longer practical for the two of us to continue living in a huge house that needs constant upkeep.
Our house has gone down about $200,000 in value. When we bought the house, we thought we were making a good investment for our future. Then the economy fell apart, lay-offs happened, and my salary became our main (and often our only) income. We're losing money by staying here. We just replaced the heating system, remodeled the master bath, replaced the garage doors, and we'll need a new roof soon. I'd like to retire in a few years, but until we get a lower mortgage payment, I can't even think about it. It's time to move on, but giving up my home will be hard.
Hard, hard times. Yes, real estate was suppose to be the nest egg. Things have changed again. Where does everything go from here? It's part waiting game. Good luck to your second time around. Hopefully, your house is just right for someone.
ReplyDeleteThank you, Tam. I have very mixed feelings about selling it, but we really have no choice. : (
ReplyDeleteThings really have changed, haven't they? Our house has lost money but we've owned it so long we still have gained, just not as much. But-we too need to move to a much smaller space & I hear you, I am very sad too. Best wishes in your sale & thanks for sharing your big challenge. I'll try to hear the news if you post that you sold already!
ReplyDeleteOne more comment, Linda. I finally took time to read the TWT's post about support & saw that you gave me such a compliment, so thank you very much for such a beautiful start to my morning!
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