Selling The House
|
The house I’ve lived in for the last 18 years
This is where I discuss all things selling the house. To preface with a few details, let me paint the history of the house first, at least the history that I’ve been filled in on.
The house my wife and I live in is actually her house, meaning she is the only name on the house/deed. She had it when we first got together back in June 2001. I moved in around August 2001, so I’ve been here almost 18 years, just shy by a couple of months. The house was built in 1925, moved from it’s original spot to where it is currently in the 1950’s. My wife and her first husband moved in around 1987.
That’s the short history of the house. Let’s delve into the attempts to sell it.
2010
December 2010. My wife really wanted to sell the house and got with a realtor and it was almost a done deal, until she and I talked and then she felt it wasn’t the right time to sell. She took a sabbatical from her job for the first 9 months of 2011, which in hindsight, it was good the house was not going to sell.
2017
Almost 7 years after the first attempt to sell the house, the discussion came up again, right after we got back from our Europe river cruise trip [I still need to finish the 18 blog posts from that trip] For some reason, I was able to talk her out of selling the house. For some reason, the timing just didn’t feel right to me.
2019
So for the better part of the last couple of months of 2018, my wife really was feeling the desire to sell the house. She quit her job in September 2018 after more than 19 years of doing accounts payable at a local manufacturing company. The decision she made was to put the house on the market in April 2019, which is what happened. I’m not going to go into the details of prices and our house payment and such, but I’ve not been eager to move or sell. But since she is the sole owner, it’s always been her decision to sell it. I’ve done my best to get on board, but being honest here, it’s not something I’ve ever been 100% on board with. Regardless, the house is currently on the market and we’ve had a few offers, one of which is currently accepted and we are under contract.
Since the day before Memorial Day, my wife has been in Europe with a couple of friends, which has left many of the tasks of keeping the house clean and presentable on myself, for various showings, inspections and appraisals. Also, doing my best to manage the additional repairs that have been needed to be done since the inspection came back almost a week ago. My wife returns this coming Wednesday, which gives us a few weeks before the closing of the house, assuming the appraisal comes back at the asking price of the house and all repairs are done to the satisfaction of the forthcoming new owners.
My thoughts on this entire house sale process are that I really want to stay. We owe less than $30k on the current mortgage. We have a place to move for now, which is to my step daughter’s house [she bought another house and has mostly moved into it] and will rent her place for the next 6 months to 2 years or something in between, time frame wise.
I’m pretty resolved to doing my best to deal with the sale and move. It’s not something I’ve wanted to do, but being the supportive husband, I’m doing my best to support my wife at what she wants to do, at least I think I am.
Summary
The above summary might leave many of my readers with a few questions. Please feel free to post a comment and I will do my best to respond with the best answer that I can give.
Once I paid off my car, the last thing I wanted to do was have another car payment, so I drove it until it stopped running. Then I took over my mom’s car. Once it was paid off, I really wanted something new but, again, didn’t want another car payment. My motivation to not have car payments driving my decision would be the same on my house. Unless I HAD to move, I’d hang onto it because I just don’t want another house payment!
Yeah, the future house payment and most likely being 2-3 times what our house payment is now (even with putting a good amount down) is one of my concerns.
Also, the renting of my step daughters house will add another $400/mo on top of what our current house payment is now.
“I’m doing my best to support my wife at what she wants to do, at least I think I am”. That is great to support your wife, but this situation. It makes no sense unless Ya will use the money for something better. ***FYI Get your name on deed next time***
The money will go into another house someday, once we both know where we want to end up.
Being supportive is important certainly. But I totally get the desire to no longer have a mortgage. We were in a slightly similar position to Dave in having paid off our cars and were going to drive them into the ground. Then my nephew borrowed one of them and ran a red light and boom, car totaled. So off we went to buy another car and ohai car payment.
Glad to see you back posting here again. More of this!
I would love to have no mortgage someday, but unless something happens where the house doesn’t sell and we end up staying, I’m planning on having a mortgage for the next 20 years at least.
Thanks. I’ve really been wanting to post again here. Been fighting some personal issues, which I will talk more about here soon, in some detail.
I think one of the best decisions I’ve ever made is to keep setting a car payment aside after I paid off my car. Then, when it was time for a new car, I had the flexibility to pay cash or take a good financing deal. Since then, I’ve done both.
That is a great plan to have money for your next car.
So, um, good luck selling your house? Or something?
Thanks. Yes, you can tell I’m a bit on the “not all in” side of things.