Selling my house question

[M16]

I built the new house first. Then got everything moved in and situated. Now I’m selling the other house. I wasn’t moving twice.

[Jamvo]

I built the new house first. Then got everything moved in and situated. Now I’m selling the other house. I wasn’t moving twice.

I’d love to do that but it’s beyond my means.

Maybe there’s a way to play with the banks and get it done? If so I’m all ears.

[CTR0022]

I'm in the same position. Just bought my home and close next week. The market is still stupid in my area. Expect to pay over ask for anything nice and compete with 10-15 offers. We did a 6 week lease back to the seller to give them time to move out and for us to get our house listed and sold as well. We've been purging and moving stuff to storage.

Buying, selling and moving is an *** beating is all I can say.

[Jamvo]

I'm in the same position. Just bought my home and close next week. The market is still stupid in my area. Expect to pay over ask for anything nice and compete with 10-15 offers. We did a 6 week lease back to the seller to give them time to move out and for us to get our house listed and sold as well. We've been purging and moving stuff to storage.

Buying, selling and moving is an *** beating is all I can say.

We haven’t even made it that far but I’m exhausted. Realtors wear you out, the whole deal is exhausting. Add to that the stress of taking your family out of where they sleep every night. It is tough.

[mooch]

Selling my house question

You can also negotiate with the buyer to do a lease back for a period of time. Not all buyers will agree to it but it can work if they don’t need to be in the house asap.

You sell them the house, everything closes, and then rent it back from them at a fair or market rate for a few weeks. Seems like most agreements are less than a month. This would get you more time to find something else you may want to purchase.


Edit: I’m late to the game. Didn’t see that others already recommended this.

Sent from my iPhone using Tapatalk

[FLASH_OUTDOORS]

I do like the rv park idea though. My kids will be going to kinder and pre-k next year. Could I enroll them in a school district while living in a park?

Yes just need mailing address


Sent from my iPhone using Tapatalk Pro

[DedDuk]

Where are you moving from, and to?

[M16]

Maybe there’s a way to play with the banks and get it done? If so I’m all ears.

Check with a locally owned bank. They can work something out. Lots easier than dealing with mega banks. Being that you have plenty of equity in your current house it should be easily doable.

[Jamvo]

Where are you moving from, and to?

I’m between Ennis and Scurry. Wooded property with turkey, deer, and all sorts of wildlife. Headed to Grandview or Maypearl.

Maybe I’m just mourning? Lol. This is an awesome place.

[DedDuk]

OK. I was gonna say you can store tractors and implements at my place, but its a pretty good haul from where you are and where you're going.

[Jamvo]

OK. I was gonna say you can store tractors and implements at my place, but its a pretty good haul from where you are and where you're going.

Thank you!

[CTR0022]

Thanks. This could be one of the smarter decisions I’ve made if I play it right. I’ll own a home before I’m 40 and can strictly focus on funding college funds, retirement, all of that. I guess I could start selling stuff and start over later too. But I don’t like the thought of that.

I dont know your financially situation. But don't get caught up on having your next home paid off. Buy the right home, in a good area and good schools and it will likely double in value in the next 10-12 years. As long as the government continues to print money like they are real-estate will continue to explode. Don't extend yourself, but nothing wrong with having a manageable mortgage pmt.

[Mike D]

No, I cannot replace it. But I don’t care to. It was way more than I wanted or needed when we bought it. But I had my mind focused on doing this down the road. I got it cheap at the right time, endured the tax hikes, and upgraded it.

It sounds like you have a lot of stuff so I assumed you were going to want/need somewhere to put it and use it.


Sent from my iPad using Tapatalk Pro

[TransPecos]

If the market is hot in your area, you should be able to easily negotiate a lease back with the buyers, possibly a free lease-back. Contingency offers are pretty weak if the market is strong.

[60 Deluxe]

If the market where your house is located is that hot, don't bother with a realtor. Find yourself a good real estate attorney and save umpteen thousand dollars of selling commission. I did exactly that when selling my parents' home. Saved $9000 or so on a modest home and got a handshake deal within six hours. Followed up with a contract the following Tuesday after having the attorney draft the paperwork. Do your homework to determine the market for your home. It may not be perfect but it doesn't have to be when you save six or seven percent of the sale price.