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In a dilemmna

Posted by mooie (My Page) on
Tue, Aug 19, 08 at 14:22

I purchased this home almost 5 years ago after my husband passed away. It's a lovely ranch home and I've dedicated many an hour to fixing it up. However my property taxes have increased beyond my means no matter how many times I go head to head with the Assessors Office. So it's been in the back of my mind to try and put this one on the market. I've looked at downsized houses being offered for sale in my area and there sure isn't much. Until the neighbors across the street happened to mention that they were putting their little house on the market. I've been in that house many times and while it's smaller than what I'm used to, it's very nice. They've updated every room, put in all new carpet and completely remodeled the kitchen area. I could be pretty happy there. I'd be going from a 1900 sf house with a full basement to a 1412 sf house on a crawl space. At my age (55) I'm beginning to think of my older years coming up and my determination to keep some money in my pocket so I'm comfortable.

I had been looking at another house nearby with a real estate agent yesterday and he asked to see my house. So he came by and saw just the outside and the yard and was highly impressed. Said he had a lady desperate for a house in our school district who would love this house. And he mentioned a price that I would only dream of getting! He said he could do a 24hr listing and then he would only require a 3% commission for that. I had to say at that point that I was in the first stages of revamping my kitchen somewhat and there was no way I could show the house right now.

Plus my oldest son had a fit when I said it was maybe time to find smaller. He loves this house too, but I don't believe he's helping with the bills? : ) He's trying to talk me into using a reverse mortgage with my equity to help pay my taxes or if something major comes up. Boy there's alot wrong with that idea!

Guess I'm asking what you would do? I may miss on this particular house because of the suddeness of the listing but I would like the kids to at least see what I am looking FOR. Sometimes things just come at you pretty fast. Thanks for any advice.

Teresa


Follow-Up Postings:

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RE: In a dilemmna

I would suggest you check carefully into the taxes on the other house. Since you are in the same area there might not be a large difference in what you are paying now and what you would pay for the smaller house. Have you considered renting a room out? Not something that would be my first choice but it might be a possibility. Good luck


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RE: In a dilemmna

I agree with Satine-check the taxes on that house.
You can call the Town Tax Assessor for expediency. Most of the time there isn't too much difference in taxes between houses on the same street. The fact that the other house has a slab, not a basement may make a difference. Unfortunately, many people are feeling the high taxes, esp the 55 yo & up group. When you get older your income rarely goes up.

If I were you, I would protect MY interest. It sounds like your son is of working age, correct? He's not going to live with momma all his life, is he? What if he decides to move out next year? Should you give up an opportunity for your son's short stay? If there is an extra bedroom in the new house, maybe he can move in temporarily? If he has extra stuff, he can put it in storage until he finds his own place. Just a suggestion.

I would stay away from reverse mortgages. They are a rip off. If you can get a smaller house for less money, do it. For me, it would be a no-brainer.

As for your kitchen remodel. Keep your cost down, if you can. The house across the street that you want to buy will drag the value of your house down because it's smaller, but on the same street.


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RE: In a dilemmna

I believe that reverse mortgages have their place, but at age 55 I don't think you'd even qualify for several more years.


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RE: In a dilemmna

The house across the street owners paid $1300 on taxes with their senior citizen freeze. I know it will go up some for me. I am paying (right across the street) $3700+ a year. I have more yard, I guess. Plus it's also based on what one pays for the place and this one was more than that one.

My oldest son doesn't live with me but my youngest does and it is temporary. I know the living expenses are much cheaper than what I'm paying and within my monthly budget with a little left over to put away. These are the kinds of things I'm looking at but they are looking at all the time and money spent on this house and wonder why I want to leave. I guess what I'm looking for is for them to finally say yep, this would be a good choice to make. : )

Thanks!

Teresa


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RE: In a dilemmna

I would definitely sell to someone at a "price I've only dreamed of" with a small commission and get out from underneath your current burden. You can ask for a 60 day rent back and seriously look for another house, or just decide to rent.

Do check exactly what your tax burden would be on the house across the street at XX dollars. While the smaller house would equal a smaller cost to run, you may find the taxes to not be significantly lower.


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RE: In a dilemmna

mooie~~
No one can tell you what you should do....you have to search your heart and "gut" and it will be made apparent to you. Sometimes our children, want to give advice when they do not know what the circumstances are...they are just speaking from emotions.

I was widowed for 25 years and I know what you are feeling...the tax issue really puts the "hurt" on the ones of us who are living on a set budget. It sounds like the smaller home would save you quite a bit on taxes, and the utilities would be much lower also...and with the increase that is sure to come, that is huge.

Personally, I would take that price the realtor thought he could get, and buy the smaller home....and have some more cash for using in your "golden years". Your son will get over it....so don't worry about that so much....he doesn't pay your bills nor walked in your shoes.

I have heard horror stories of those reverse mortgages, so if at all possible, I would stear clear of doing that.

Good luck in your decision....I know they are hard to make when you are widowed, but be strong...and do what YOU want to do and what is best for YOU.


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RE: In a dilemmna

I believe that you need to be at least 62 for a reverse mortgage.


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RE: In a dilemmna

If you pursue selling your house now, I would be leery of the realtor who has a buyer and wants the 24 hour listing. Be sure you don't sign anything that commits you to anything longer than that. When we were FSBO we would have realtors come to us wanting us to list because they had a buyer who definitely wanted to buy our house. Of course none of them ever materialized, they only wanted the listing. (we offered the realtor 3% to bring us the buyer but wouldn't list with them) I'm sorry about the loss of your husband. Good luck to you in downsizing in the future.


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RE: In a dilemmna

I wish you well, but I smell something fishy with the agent who is mentioning a price you would only dream of, considering he didn't even enter your house.


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RE: In a dilemmna

Things being what they are on the market these days, I find it hard to believe you can't find something more to look at than the house across from yours (where those taxes are just as likely to go up in future too - yours may have done so 'more' because you fixed it up so well - they do drive-bys here just for the purpose of checking 'outsides' (which is why many people let their curb appeal slide).


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RE: In a dilemmna

Plus it's also based on what one pays for the place and this one was more than that one.

I have never lived anywhere where that was the case. Please do not assume that the purchase price of a piece of property directly factors into the assessor's valuation of that property, unless you know for an absolute fact that is the case.


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RE: In a dilemmna

Actually after today I'm about ready to just give up. I kind of feel hopeless. I don't have another adult with some life experience to talk to about all this and so I'm trying to make an informative decision taking out all the emotion. While my brother thinks that downsizing is a good idea he also thinks that I'm obsessed with the amount of real estate taxes I pay. Well maybe that's because mine are the highest in a square mile?? They don't equalize land value in our county so the neighbor to the east who has a third more land than I do has a value of of 2/3rds less than mine. Just sayin..

I DO need to talk to the town assessor and see what the taxes would be without the freeze for sure. I talked to the people this evening about their monthly electric and gas bills and found their gas bills to be quite a bit higher than mine while their electric was way lower. Found out that they keep the house at about 76 in the winter whereas I keep mine at 65.

As far as the real estate agent goes, he is what he is. A salesman. Personally I would like to try to sell this house on my own first before involving an agent. That may not be a good idea, but I don't know that right now. I can be a tough nosed hard headed cookie at times, but usually not when it comes to my kids.

I really really appreciate the time you all have taken to answer my thoughts and questions. Like I said, I often don't have life experienced people to talk my ideas over with and this really helps me out. Thanks so much!

Teresa


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RE: In a dilemmna

IMO, I would consider signing a 24 hour contract for him to bring his buyer. I would also find a real estate attorney just in case because this agent wouldn't actually be working for you if he's been working with a buyer.

If they are interested, you can then go from there. Sounds like you will have figured out taxes on the house across the street by then. If nothing comes of that, you can rent for 6 months to a year until you find something.

I see you have your zone listed but not your state. There are in fact towns that are very hard to find houses in due to school systems, and it's possible that you bought before it was in vogue to buy there. It's probably also why houses have gone up more then you realized.

You need to do a little leg work. Go to realtor.com, put in your zip code as well as bedrooms & bathrooms, then use a wide range for prices based on what the agent told you. Say he told you $250k, you want to search from about $125k to $325k-$350k. If you can find houses exactly like yours it will give you an idea of what they are "selling for". Next, go to zillow.com and put your address in. Claim your house then fill the info in, also set a make me move price or list it for sale by owner. While adjusting the info on your house, you should be able to find comparable houses that list price.

I'm going to use the house we just sold so that you can see what you can do with Zillow in an area such as NJ.
old house - where it says - see all charts & data, it will show a box with numbers to enter, if you put the code in there it will give more info.

If they have pages like that for your area, you can use it as a guide when gathering information. Now, things zillow says are not accurate so you have to take it with a grain of salt. It gives zestimates which can be pretty far out there. As a buyer/seller it was nice to have access to the info posted there so that if I wanted to look further into it I could.

As far as the real estate agent goes, he is what he is. A salesman. Personally I would like to try to sell this house on my own first before involving an agent. That may not be a good idea, but I don't know that right now. I can be a tough nosed hard headed cookie at times, but usually not when it comes to my kids.

I thought about selling for sale by owner but chose not to. I lived in a small town and felt that I was better off going with an agent. There are agents that won't show houses FSBO because they will be doing most of the work. There is also (in most areas) a lot of inventory so they don't have to show a FSBO. You also have to consider that you will have to show the house yourself. How do you feel about letting strangers in?

Good luck. Sounds like it's time to think about moving. Maybe it's time to consider a 55+ community where you have your own house but they will come in and take care of the property such as lawn cutting, snow removal.


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RE: In a dilemmna

I think your brother might be right. The tax differential is $2400. And real estate taxes are deductible. Do you not pay income tax? $2400 is nothing to sneeze at, but if that's the primary factor I can't see going through the hassle of moving and paying even a relatively low fee of 3%. It sounds like you think your taxes are unfair. And you may be right, but don't cut off your nose to spite your face.

That said, I can understand wanting to downsize. But take your time with it. Make your son pay $50 a week rent. Voila! Tax differential covered.

If you do decide to go forward you should probably get BOTH properties appraised. Which will cost several hundred dollars. You may be overestimating the value of the neighbors' house. You don't want to reduce your tax and utility bills at the cost of a dramatic reduction in your equity.


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RE: In a dilemmna

To Solie...yes I do think my taxes are unfair. I'm a ways off yet from the senior freeze and if they should decide to build a new high school in the area, I'm gonna get even more nailed! This is just another thing that I have to consider. The income tax thing. I don't itemize so I don't claim my RE taxes.

I live in a rural community in Illinois. A town of about 1400. Downsizing is an issue due to the type house that are on the market right now and the prices being sought for them. And a house priced right and in good condition is difficult to find at best. And since I own this house and have full equity in it, I don't understand how I would lose equity by getting a smaller house. I gain extra dollars that would be invested to provide more income. But that all being said, I'm going to get some answers first from the assessor before I proceed any further with this. If nothing else, it's a good learning experience for me in case a move becomes a fact.

Roselvr: Had to laugh when I went to your link. I looked at what your house sold for and then your taxes and even your taxes are lower than mine! haha! I will look into your links and play with it a little. The agent I had spoken too told me that since there are really no houses in the immediate area that he could use as a comp,that have been sold or listed, he would have to spread out to other communities for comps.

Thanks again!

Teresa


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RE: In a dilemmna

Roselver-

The 55 plus communities in my town are a a big rip off. They are more expensive than regular homes. The maintenance fees are huge. Plus the town loves to tax them to death. Our town management does not want more 55 plus communities because they claim that those people vote the tax increases down . I know, they also pay taxes on schools & don't have kids. But the town doesn't see it that way.

Example: We built a smaller home similar to the 55 plus community (2550 sqft, with a master bedroom & a den on the first floor). We pay $7100 in taxes per year. However, in a 55 plus community down the street , a similar house pays over $10,000 per year! Plus their maintenance fees are $350/mo. Actually we have more sqft on the first floor. My point is that our town salivates at the thought of taxing the 55 plus communities.

In our town the taxes are much higher if you have more sqft on the first floor. You can have two, same sqft colonials paying completely different amount of taxes. The way I see it is that SENIORS with smaller homes, who need more space on the ground floor pay higher taxes than young families with kids. It seems discriminatory against the elderly, doesn't it?

As you see, it ain't cheap to live in my neck of the woods. We will stay here for many years, because of the first floor living. We downsized, so it is cheaper to live in a smaller house. Our utility bills are practically half. However, our taxes are HIGHER than that of a 3300 sqft colonial that we sold, because now we have a smaller house with more sqft on the ground floor!

If I were by myself, I wouldn't need anything larger than 1100 sqft. When we get much older, we'll be downsizing to a tiny condo ;)

Mooie- I would kill to have YOUR taxes-lol

I still think that your gut is telling you the right thing. The smaller house seems ideal. I know what you mean about not finding decent homes with a first floor living. The same goes for here. That is why we built. The only reason we built a 2500 sqft house ( we don't even need all that space)is because the builders would not build anything smaller. The land is scarce & prices are atrocious...

I'm not 55 yet, but I find that as I'm getting older, I need less & less of "stuff".


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RE: In a dilemmna

Teresa, what I meant about losing equity was that it's possible you are underestimating the value or your home and/or overestimating the value of your neighbor's home. If you sell your house for less than it's worth and buy their house for more than it's worth then your net worth will decline. Of course, the "value" of both properties is somewhat subjective and it's also important to have a home that fits your lifestyle and financial profile.

The reason I brought it up was that you stated that you were suprised at the broker's estimate of your home's value. So (assuing he's correct), if you didn't have a good idea of your home's market value, why would you have a good idea of your neighbor's? It's possible that the taxes are not as unfair as your think and the homes are farther apart in value than you realize. It's just a possibility, but I think at the very least you need to do a lot more reseach into local home values before agreeing to anything. And it sounds like that's what you plan to do.


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RE: In a dilemmna

perhaps you need to consult an attorney that specializes in tax appeals..If you are taxed higher then comps, it may be in your best interests to appeal the tax..


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RE: In a dilemmna

Teresa: "The income tax thing. I don't itemize so I don't claim my RE taxes."

Well, I have a little bit of good news for you. The housing bill that was signed into law a few weeks ago includes a provision to allow people to claim a partial deduction for their property taxes even if they don't itemize. It is $500 for individuals and $1000 for people filing jointly and is in addition to the standard deduction.

So that will help somewhat with your tax burden. It's not much, but every little bit helps, right?


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RE: In a dilemmna

Teresa,

You could (and maybe should) have your property appraised before leaping on a sale, no matter how good it may sound. It will cost a few hundred dollars and if you ask the appraiser he (or she) ought to spend a bit of time explaining how appraisals are calculated. Knowing the ins and outs of it will allow you to make a more educated guess of the value of the property you're thinking of (without having to have it appraised, too.)

Keep in mind that pie-in-the-sky real estate listing prices (or comps), assesments for tax purposes and appraisals may seem to be logically the same thing, but in fact they are often far apart. An good apparisal from a skilled appraiser who is familiar with your area will give you the truest picture of what the likely selling price (in it's present state) of your house is in the near term.

Your attorney will be able to recommend a good appraiser.

Molly~


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RE: In a dilemmna

Well I've done a bit of legwork by contacting the assessors office to get a rough estimate of RE taxes without the senior freeze on it and she said it would be approximately $1750 until they do another reassessment in 4 years. Then it would probably change according to the buy price of the house and whatever the multiplier is at that time. Sure like that number better than mine!

I am keeping in mind that this house is much smaller than the house I currently own, also the yard. And that accounts for the bigger difference in the taxes. The two are not even comparable.

Ironically, she called me yesterday and said that her daughter and son in law wanted some information about my house if I was going to put it on the market. I love word of mouth!!! : )

So while I wait for some other facts and figures to come my way, I got to thinking about what kind of offer one would make here. The guy who sold it to them said he thought it sold pretty cheap, like 50-60K, cuz the lady had passed away and there was no family around to get it sold or do upkeep. Not to mention this lady was very very old (103!) and hadn't done anything to it for years. This couple has rehabbed it up very nice. Their assessed value is $71K, they are asking 92,500. With the realtors fees, that would take them down to 87K for their take. I can't say what they spent on remodeling but lets just say around 6K. How much do you think they would expect to recover? In my mind I had offer figures ranging from 78K to 81K. Am I unrealistic? Most likely!!

Teresa


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RE: In a dilemmna

mooie-

What they would like to recover & what they can realistically get in today's market are 2 different things.

You need to ask your realtor what comparables sold for. THAT is what ,generally, people offer with some negotiating room. If there aren't any comps on your street, the realtor can find comps a few streets from there. They cannot expect to ask a price to reflect all their work. It's what the market bears. Sometimes remodeling is a good investment. Other times, you cannot get half of what you put in.


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RE: In a dilemmna

Maybe a little off topic, but I am amazed at the generalizations that reverse mortgages are "rip-off's".

Please people, educate yourselves on reverse mortgages. They have their place. Mostly, they are GOVERNMENT insured loans.

The AARP has lots of information on them, they are becoming very popular as seniors (62 and older) realize that they do not have enough cash for retirement.

Being a mortgage banker who is involved with reverse mortgages, we have rescued senior from foreclosures with a reverse mtg, have paid off debt for a senior to live more comfortably ... many seniors are short of funds for living expenses, but have tons of equity. Why not tap into that equity? Their children certainly aren't helping them make ends meet.

Many children discourage their parents from taking a reverse mortgage when the parents really need financial help, but those same children will not provide the financial help. They are most concerned with their inheritance being spent. Makes me sick ...


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RE: In a dilemmna

I agree that reverse mortgages can be a very useful tool for seniors. My mother was living in a mobile home in a park when my grandmother died. My mother and her sister inherited my grandmother's house, which was worth about $400k at the time. My aunt and uncle lived in another city, and didn't need the house, but it was ideal for my mother - walking distance to town and a university. Plus, the my grandparents had built the house in 1945, and none of us wanted to see it sold. However, my mother couldn't afford to pay off my aunt's share and keep up with the expected repairs on the house. I encouraged her to take out a reverse mortgage so that she could enjoy her life and the house. She is a very active 77 year old, and it makes me happy to know that she can enjoy traveling and the other things she likes to do. She only took out a large enough mortgage to pay off my aunt, and has a line of credit that she can use when repairs are needed. In the first year that she owned the house she needed to replace the roof.


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RE: In a dilemmna

pamghatten-

Of course being a banker, you would promote reverse mortgages ;)
Recent "Prime" lending has its usefulness...

Reverse mortgages ARE a rip off. I would only use it if I had no way out. Secondly, I would never get myself into that type of a ripp off unless I were 80 years old plus. No way would I even entertain that thought at 55!

So do the reverse mortgages have a place? Sure they do, but as a last resort & at the very tail end of your possible lifespan.


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RE: In a dilemmna

dabunch: "Reverse mortgages ARE a rip off. I would only use it if I had no way out. Secondly, I would never get myself into that type of a ripp off unless I were 80 years old plus. No way would I even entertain that thought at 55!"

First of all, you couldn't entertain that thought at 55 because reverse mortgages aren't available to people of that age. (Okay, you COULD entertain the thought, but you couldn't do anything about it, lol.)

Secondly, would you care to elaborate on why you believe that a reverse mortgage is a rip off? I know that years ago when reverse mortgages first came out they had exorbitant fees associated with them and they had a less than stellar reputation, but that is no longer the case. So I'd like to know why you believe they're still a rip off. I, personally, think that they can be an excellent source of money for people who have limited resources, are living on fixed incomes, or are just getting by on Social Security.


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RE: In a dilemmna

Bethesda-

Thanks for the "insightful answer" about that reverse mortgages are not available at 55. Duh, what was I thinking? *sarcasm*

Why would I never entertain it at a young age? Because there is no such thing as a free ride in the financial industry. You get 50 cents on a dollar, or just about that. If you are in your last few years (although one never knows), it has its place. Also, if you choose that route, make sure you hit the bank when the properties are at their highest, not during Recession.

A friend of my mothers did that a few yars ago. I won't bore you with the details... Let's put it this way-it IS the last resort in my book.

OP- I apologize for hijacking your post.


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RE: In a dilemmna

If anyone wants the link... AARP's reverse mortgage page

The loans, which lenders charge fees equal to as much as 6 percent of a home's value, allow borrowers to use their home equity to get cash tax free. After the borrowers die, or move, the lenders are repaid when the house is sold.

No matter how this loan is paid out to you, you typically don't have to pay anything back until you die, sell your home, or permanently move out of your home. To be eligible for most reverse mortgages, you must own your home and be 62 years of age or older...

You can see how a reverse mortgage works by comparing it to a "forward" mortgage the kind you use to buy a home. Both types of mortgages create debt against your home. And both affect how much equity or ownership value you have in your home. But they do so in opposite ways.

It's just the opposite, or reverse, of a forward mortgage. With a reverse mortgage, the lender sends you cash, and you make no repayments. So the amount you owe (your debt) gets larger as you get more and more cash and more interest is added to your loan balance. As your debt grows, your equity shrinks, unless your home's value is growing at a high rate.

When a reverse mortgage becomes due and payable, you may owe a lot of money and your equity may be very small. If you have the loan for a long time, or if your home's value decreases, there may not be any equity left at the end of the loan.

In short, a reverse mortgage is a "rising debt, falling equity" type of deal.

Here is a link that might be useful: AARP A New Kind of Loan: In Reverse


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Reverse Mortgages

dabunch, thankfully people with your mindset are a minority these days.

We've had people use reverse mortgages as a wealth-management tool, taking the money ftom the equity in their home to give to their children to enjoy while they are still alive. W've had seniors take a reverse mortgage to buy the RV of their dreams so they could travel.

Where do you think all the baby boomers, who are watching their 401K's shrink, are going to get the money they need to retire in the style in which they are accustomed to?

Reverse mortgages are financial tools for any person 62+, not just the desperate.


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RE: In a dilemmna

dabunch: "Why would I never entertain it at a young age? Because there is no such thing as a free ride in the financial industry. You get 50 cents on a dollar, or just about that."

I think that it would probably be best for you to discontinue your rants on reverse mortgages. The more you type, the more obvious it becomes that you haven't the slightest idea of what you are talking about.


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RE: In a dilemmna

Bethesda - Low on meds, eh?

Before you insult someone, without knowing details, I would prefer to hear YOUR real life experience, not what you've read about reverse mortgages. I'm sure someone is selling swampland in FL. Interested?

Did you know that there are investers who will get you 20% return on you portfolio? Yup, they're called scammers & end up on TV. Some people swear by them. However, majority get scammed.

FYI- Are you aware that the banks do not appraise your house for a reverse as high as for a regular mortgage? THAT is what happened to mother's friend. She knew the appraisal seemed low, but she was desperate & didn't want to tell her kids....Then somehow, as the value falls so does the house with the reverse mortgage. However, if the value increases, it doesn't matter. You run out of equity quickly... Her kids went beserk when they found out that she got ripped off. They hired a lawyer but couldn't do anything about it. Her house was gone, spent. The kids had to pick up the pieces. Thank goodness they had the reasources to help.

I should find the ole' lady (but she's old & living in an apartment paid by the kids) to SPLAIN it to YOU Bethesda, because for some reason you believe everything you read, without your own personal experience. The lady & her kids had no reason to lie about her mortgage. Although there are variety of reverse mortgages, I'm sure hers was not all that different from the others MMMMKAY? Hope this story satisfies your madness. I'm finished.

pamghatten-no comment.


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RE: In a dilemmna

You know, just because you have a bad 'personal' experience does not mean you are suddenly a fount of knowledge or information on anything. In fact it could mean your research could have been better and the experience you had was based on dealing with a bad company, or one state with peculiar laws. Being nasty to a stranger here is pretty low (speaking of meds) when you know nothing at all otherwise about the person.


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RE: In a dilemmna

I see no reason for the nasty remarks either...it does no one any good to go there!
Let's get back to mooie's situation. She is only 55 and does not qualify for a reverse mortage anyway.

Mooie, have you done more inquiring about the valuation, taxes, etc. of both your home and the one you are thinking of purchasing. As a former widow also, I can certainly see why you would want to down-size and get out from under some of those taxes. Good luck in your decision and let us know what you are going to do.


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RE: In a dilemmna

I was just thinking myself that this had gotten so off topic that it deserved it's own thread! I will post in the morning what I have learned since I last posted. Thanks!

Teresa


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RE: In a dilemmna

I've sort of taken a sit back and look tact with this house, waiting for the figures to come back with the price the people paid for it. Those came yesterday. Their buy price was 62K. So I wasn't too far off on my guess. The current tax appraisal is 71K. So, from the standpoint of RE taxes, and keeping them down, I'm not sure where one would even start with a first offer. Our county does base their taxes on buy price. It doesn't catch up with you until they do a reeval, but it does eventually. Since I don't have a real estate agent, I'm kind of doing this on my own. They've had a lot of people thru the house already. One has been back twice now.

I will probably miss on this one unfortunately mostly because of it's unexpectedness, and the fact that my oldest son keeps avoiding me in hopes that it will go away. lol I understand he doesn't want me to make a mistake, but I know it's a mistake financially to stay here. I love this house too, but in the end, it's just a house.

Teresa


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RE: In a dilemmna

Teresa, I'm sorry to hear your son is being unreasonable. I think your thinking is sound and unfortunately your son may still be young enough to have the attachement you often do about where you lived and have good memories along with really liking the house and not thinking about that at some point the house is going to cost to keep up and somebody is going to either have to foot the bill or he's going to have to help you.

What is the price range approximately of the house you'd be selling and what are its bills and upkeep, and monthly taxes, then take that and compare to the ideal situation. What would the ideal monthly costs be for you to be comfortable. Also what area do you want to be in and what are the chances of you finding a house in that area that is low maintenance as in yard and building materials of the house, as well as easy access if you need it such as all on one floor, no excess amount of stairs to get in/out of the house, if in a snow area, minimal amount of shoveling needed etc.

Just start creating a pros/cons and likelyhood of finding the kind of place you'd need as compared to yours and I'm sure it will become clear to you what you should and shouldn't do. It might also be something you can show your son when you have a clear picture and he might be able to understand why you are wanting to do what you're thinking about.

BTW you don't have to put the numbers here, just for you to go over in my questions unless you don't mind I'm sure you'd get lots of input on that too of what makes sense and doesn't.


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RE: In a dilemmna

Teresa, I echo the post by elfia. As I said before, YOU have to follow your "gut"...make a list of the pros and cons and YOU decide. I know what where are are coming from...and I made decisions after my DH's death that probably weren't to my kids liking, but they were MY decisions and if they were wrong, it would have been my problem. Sometimes our kids feel "comfortable" with where we are and do not realize we need to change what we do to meet where we are in our lives NOW.

After my DH's death, the best thing I did was move from that house, get a new home, and start my life over....hope it will be a good decision for you....because I am sure thinking about you and YOU make the decision that makes you feel all "warm and fuzzy"....don't worry about your kids, they will come around~~~I'll promise you.


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RE: In a dilemmna

Dabunch, you should have taken my advice and quit typing. You're just burying yourself deeper and deeper with each comment.


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RE: In a dilemmna

bethesdamadman and dabunch~~ If you want to keep up this running battle, please open your own thread regarding reverse mortgages....the rest of us might be tired of reading your posts...... We are more interested in Teresa's (mootie) decision than what you are bickering about!


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RE: In a dilemmna

Teresa, you said "I will probably miss on this one unfortunately mostly because of it's unexpectedness, and the fact that my oldest son keeps avoiding me in hopes that it will go away."

It might be best not to jump at something you're not prepared for, but you need to give some thought to what role you'll allow your children to play in this. Are they co-owners of the house? If not, I'm not sure why not being able to talk with your oldest son is an obstacle.

If you want his agreement before you sell the house he grew up in, you may never get it. I know it's not easy to make a decision with family implications quickly, but it sounds like his opposition is something you will have to deal with at some point. Good luck.


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RE: In a dilemmna

I believe that dabunch is misinformed about reverse mortgages. Anyone reading here that is interested should look at the AARP web site to get more detailed info on the current generation reverse mortgages.


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RE: In a dilemmna

Elisabeth,

This isn't the house my oldest grew up in. He lives in that one. I bought this house a few months after he passed away, because the memories in our house were too hard to live with day to day.

I have a good analogy on this subject. My youngest son purchased a collector car, an '87 Buick Grand National, after his dad passed away. He pampered it, worked on it, took joy rides to impress the girls. But then life got busier and he got a better job and got a 'real' car and the one day he realized how much better off he would be if he sold his Buick and freed up some tied up dollars. He loves that car, but knows in the back of his mind, it's time for it to go. It's kind of the same thing with this house. My needs have changed too...

mooie


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RE: In a dilemmna

Plus my oldest son had a fit when I said it was maybe time to find smaller. He loves this house too, but I don't believe he's helping with the bills? : ) He's trying to talk me into using a reverse mortgage with my equity to help pay my taxes or if something major comes up. Boy there's alot wrong with that idea!

For one, tell him you are not old enough to do that. We found that out in this post. Next, you're going to have to sit down with him and remind him that he's there temporarily. How old is he?

If it was me, and I just did this with my 2 kids.. they didn't have any say. My son is old enough to move out & my daughter, if she doesn't like it, can go live with her natural father, (not that she would & I know that) so they had options other then staying in the old house. The choice is A or B, you decide.

You also have to think about what will happen if your son moves out if he does shoulder some of the financial. Then you are in the same boat. To me, it sounds like trying to seriously consider the house across the street might be a good option. You stay in the town and can look at your old house every day.

I've sort of taken a sit back and look tact with this house, waiting for the figures to come back with the price the people paid for it. Those came yesterday. Their buy price was 62K. So I wasn't too far off on my guess. The current tax appraisal is 71K. So, from the standpoint of RE taxes, and keeping them down, I'm not sure where one would even start with a first offer. Our county does base their taxes on buy price. It doesn't catch up with you until they do a reeval, but it does eventually. Since I don't have a real estate agent, I'm kind of doing this on my own. They've had a lot of people thru the house already. One has been back twice now.

I'm confused. Is the house listed now? It wasn't in the 1st post you made. Are they doing for sale by owner?

What are they asking for the house? Surely they have a price picked out if people are walking through.

I will probably miss on this one unfortunately mostly because of it's unexpectedness, and the fact that my oldest son keeps avoiding me in hopes that it will go away. lol I understand he doesn't want me to make a mistake, but I know it's a mistake financially to stay here. I love this house too, but in the end, it's just a house.

You give him the option, either he can stay or go. This is your life, your house. You have no clue what I've gone through with my 15 year old daughter, it's been a rough 3 months, school is starting next week and hopefully once it does she will settle down. While she misses the old house she loves her new room and even though she's still mad (she hasn't made friends here yet) I notice that she's not as jumpy and her mood is better (I'm putting it nicely lol) For us, it was time to move. My dad died 7 blocks from our old house, 2 years later we were still having a hard time dealing with it. I walk out my new front door and think; "dad would have loved how much the garden is blooming" instead of me having to deal with looking at my old garden & knowing he'd never be back to walk around it with me. There were too many family problems after he passed, associated with the old house.

With your current house, it sounds like it's the 1st house you've had without your DH, and while it suited your needs then, it sounds like it is also time for you to move on. I doubt your hubby would like to know that you stayed and could possibly lose it or had to bust your butt harder just to keep it. I doubt he would want that for you.

It would be nice to be able to predict what the market will do in a year or so but if housing goes back up, while you will make more, you will spend more.

I live in a rural community in Illinois. A town of about 1400. Downsizing is an issue due to the type house that are on the market right now and the prices being sought for them. And a house priced right and in good condition is difficult to find at best.

I want to bring this up again.. You said it is tough to find housing to downsize to. The fact that this house is for sale very well may be a sign for you that it is time to move on.

btw, maybe get the agent back and let him give you a ballpark about what he would list for. Then call 2 more agents and interview them. If you'd like I can give the link to my agent questions for sellers. This will tell you if that agent was giving you a fair price and not one that his client (the buyer) wants.


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RE: In a dilemmna

rslover,

To clarify, yes the house across the street is on the market, listed with an agency. They are asking 92,500. The very first day I found out about them putting it on the market, I happened to be visiting them and they told me. They said they didn't really want to list that high but the RE agent said it was a good price just under 100K. So that's what they went with. They've done a lot of cosmetic updating on the house but the biggest redo they've done was the kitchen. That's the only improvement that I consider important. Just like with my house. I've done a lot of painting, carpeting, etc., but the things that are important are the new roof, the sun room and the opened up front porch.

I think you are correct about having the real estate agent come back and see what he thinks he can reasonably sell my house for and then contact a couple others and see what they think. I'm also trying to find a competent appraiser.

I just keep plugging away hoping that something will click and fall together. : )

Teresa


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RE: In a dilemmna

Teresa: "I was just thinking myself that this had gotten so off topic that it deserved it's own thread!"

My apologies for my contributions to the off topic discussion of reverse mortgages and for the nastiness/snarkiness that ensued.


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RE: In a dilemmna

The owner of the house across the street called me last night and she told me that they had gotten an offer on the house already and had counteroffered. They were waiting to hear back on that. So most likely their house will be sold before I can act on it. And it's only been on the market 10 days...

However what she actually called about, was that her daughter and son in law are very interested in my house and wondered if they could come and see it. They have been looking around for some time and are wanting to move. Since I'm in the process of doing a small update on my kitchen I told her that if they could give me a week to get done with the countertops at least, I didn't have a problem with that. As long as they realized I wouldn't have the flooring in at that time. So at least I have someone interested even tho the house isn't even on the market yet. I also told her that I couldn't give them any prices on it until it had been appraised. It's a start. Hopefully to the road of the right direction.

Teresa


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RE: In a dilemmna

Oh, I hope they do not accept the counter-offer....and perhaps you and her daughter/son-in-law could work out some type of a "switch"....wouldn't that be great!!!...so here's hoping for you.


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Well the good news is the counter offer was not taken and this little house is still on the market! That's one for the good guys! I went over there today and took a longer walkthru with the owners and went up into the attic area. Insulation is not bad but could probably use more. Examined the roof more closely and determined it needed replacing in no more than two years. Perhaps gutters and soffits also. Since they tended to keep most of thier updates on the interior, everything looked pretty good and other than my own color of paint or whatever, it's ready to move into. Now knowing these things may help me formulate some kind of an offer. They are asking 92,500. A similar sized house sold just around the corner for 80,000. The assessed value (tax wise) is just about 72,000. I'm hoping to sneak in between 78-80K. Lower would be even better but I doubt that would fly. The lower the buy price is, the better off my real estate taxes will be down the road. I have no clue as what to offer! lol! Stressed out! : )

Teresa


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RE: In a dilemmna

YEAH!!! Do you know what the offer was that was refused?
I am still hoping for you!!!

Have you visited with the daughter and husband of the owner of that house?....maybe something can be worked out if they are really interested in yours~~~~ GOOD LUCK


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RE: In a dilemmna

phoggie,

No they didn't tell me what the offer was and I wasn't sure if I was allowed to ask. They did send me home with a couple pieces of chocolate zucchini cake and a brownie, tho! : )

The daughter and son in law are still interested in looking, the last I heard, and had been to their bank in pursuit of a bridge loan, only to find out that their bank isn't doing bridge loans due to the housing mess anymore. They are still coming to look, but can't say if they've looked at any other financial alternatives or not. Time will tell.

Teresa


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RE: In a dilemmna

Mooie - I hope things work out for the best, although its difficult to always know what that is.
I do think it a little odd that the daughter and son-in-law don't just buy their parents house, or just buy yours and parents stay put so they can be closer togehter but hey, what do I know.


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RE: In a dilemmna

Have you visited with the daughter and husband of the owner of that house?....maybe something can be worked out if they are really interested in yours~~~~

What type of something would you suggest & how would you go about it? The parents probably need to sell their house to move on as it looks like the kids will have to sell as well.

They are asking 92,500. A similar sized house sold just around the corner for 80,000. The assessed value (tax wise) is just about 72,000. I'm hoping to sneak in between 78-80K.

No they didn't tell me what the offer was and I wasn't sure if I was allowed to ask.

I don't know. You have an idea of what you'd like to get the house for, they have an idea of what they'd like to sell for. The fact that they are listed for $92,5k and the offer/counter didn't work out makes me wonder if you are even in their ballpark figure.

The best thing you could do is sit and talk to them. If a neighbor wanted to buy my old house, I would have been honest with them on the offer that wasn't accepted. What's the worst they say? No?

You can say, to not waste either of our time, do you have a number on what you'll accept?

We had one of hubby's friends interested, when we were working an offer he called them to let them know to see if they were ready. We were offered $210k at the time, hubby wanted no less then $215, we were listed at $220k. Hubby was honest with his friend that we were working the $210 offer. If we were going to accept that low, we'd rather he & his wife have the house.


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RE: In a dilemmna

The couple selling the house are moving to a duplex just south of town. One of those places where everything is done for you? He has pre-altzheimers and has shown some problems lately. They thought it was time. The daughter and son in law live in a small house also with their two kids and a dog and would benefit from my bigger home with its big yard.

These are very nice people and I could probably get an honest answer from them if I ask what the offer was that they rejected. You're right, it could tell me if I'm even in the same ballpark with them. Guess I was being a little shy and didn't want to step on any toes. At the very least it will give me an idea of where to start and hopefully isn't over what I would like to spend!!

Teresa


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RE: In a dilemmna

frog hopper wrote: I have never lived anywhere where that was the case. Please do not assume that the purchase price of a piece of property directly factors into the assessor's valuation of that property, unless you know for an absolute fact that is the case.

I have lived in a place where this is exactly how property taxes are calculated - Tucson, AZ to be exact.

The people across the street from us, same house, similar square footage and lot size paid considerably less property tax than us because the tax is assessed on the purchase price of the home.


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RE: In a dilemmna

I don't know if this is even possible......but if I were you, I would go over and sit down with them and their daughter....see what they want and how much the daughter might give for yours........and then if they are interested in selling to you, they could take it out of the hands of the realtor....save commission or split the difference with you. Surely there is a way to make this happen.....sure hope so for you and the daughter also.


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RE: In a dilemmna

Well after having a long discussion with my sister in law last night, I went over to the neighbors across the street and had a frank discussion with them about selling their house this morning. I explained to them that I was totally interested in buying their house, that it was a no brainer actually for me in the long run. I said I was sure they had an idea of what they needed to get out of it and I had an idea of what I would like to pay for it. They told me that the offer they rejected was for 78K. I don't know what their counter offer was. They wanted to know what my parameters of price was and I said I had been thinking somewhere between 78-81K. I realize they have their closing cost expenses to come out of that but on my side of the coin, I'm looking at having to replace a roof in a couple years and possibly new sofits and gutters. All that plays into the price. And the main reason for my low offer, (that I wish could be even lower) is that the real estate taxes are based on the buy price. And that is one bill you can't control. It's not like electricity or gas.

The man told me he would like to get 87K for it, so we're not too far apart, but again, I go back to the buy price and taxes. If they hadn't involved a RE agent they would probably take my offer up right away. Anyway, they were going to talk it over for a couple days and then give me a call. So I tossed my hat into the ring and we'll see what happens!

Teresa


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RE: In a dilemmna

and then if they are interested in selling to you, they could take it out of the hands of the realtor.

Since they have already signed a contract with a Realtor, it is too late for that.


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RE: In a dilemmna

I heard back from the neighbors tonite and they counteroffered at 2K higher than my offer.They said what they are doing by moving to their duplex and me trying to downsize is a perfect match and they would like to see me living in that house. They are also including all of their appliances only 2 years old in the mix. In all honesty, I don't know how I can pass this up. To me it's such a no brainer, I'm still only a block from work,close to my support system and its a sound house and everything would be so much less expensive for me. I'm calling my bank tomorrow. I'm not sure if they do heloc loans or not, but if not, I'm sure they will advise me where to go. Since I have full equity in this house, I think this is the best way as opposed to a bridge loan. Yes? If they approve then I can get my house on the market. Kinda exciting!

Teresa


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RE: In a dilemmna

GREAT~~~and I wish you only the very best in your endeavor. Surely their appliances are worth $2,000...so there is your difference....and how convenient for you~
I hope everything works out for you and that her daughter will want to buy your home......things are looking up for you and it is exciting news~~


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RE: In a dilemmna

Teresa, I'm glad that it seems that things are working out. I don't doubt that getting up the courage to talk to the neighbors about buying wasn't easy, but you did it and it paid off.

Since their kid is interested in your house, I wouldn't sign with an agent but would try to use an attorney so you have less expenses when selling your own house.

One thought would be to see what their agent would charge to do both closings. Who knows, maybe you'll both get a deal there...

Keep us posted.


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RE: In a dilemmna

Just thought I would update. I went to the bank on Thursday after work and talked with the loan officer. Long story short, he said that it was all very do-able pending the apraisal of my house which should surpass the buy price of that house by many dollars. He told me he would call me back on Monday and let me know for sure and to set up a time for the appraisal. He also said that if I wanted to put an offer on the house, I could do so, with the common contingencies of loan appraisal and inspection. So I called the real estate agent yesterday and had her email me the form she uses for an offer so that I had a little extra time to read it and make any changes. She said that the last page was all legal blah blah blah stuff, but that's the part I like to read the most! She is going to come by and go over it with me today and I will most likely sign the offer contract at that time.

All of this has gone forward without any discussion with my oldest son, who still seems to have it on the 'it will go away if we don't talk about it' button. He was given ample opportunities to sit down and discuss, but chose not to. By the time he decides to go look at it with me, I may be living in there! lol

I would really like to get moved out before I put this house formally on the market. Have a cleaning service come in for a couple days and go over it top to bottom. Then I can come back over and get whatever repainting/repairs that needs doing, done. And if the daughter/son in law want it before it's listed, then so much to the better! :) It's a win-win for everyone.

mooie


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RE: In a dilemmna

Keep us posted. Very exciting.

Don't worry about your son, he'll eventually come around. Everyone handles things differently.


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RE: In a dilemmna

Teresa~~~ I am so proud of you taking the steps to go ahead and do this on your own......we widows can be independent....we don't always need our children's approval of everything we do....(do they always want, or even ask, for ours before they do something?)...mine surely don't.
I follow your adventure every day and really hope that this will all work out in your favor....and hope their daughter falls in love with your house and can't live without it~~~ Keep us posted.
Phoggie


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RE: In a dilemmna

Great News!! Don't worry about your son too much. You're still the mom and the adult that makes the decisions in your life. Although he is grown that doesn't change that. Just that sometimes grown children forget that. (BTW I'm the grown child).

I hope everything goes smooth and that you'll be able to sell your house quickly too.


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RE: In a dilemmna

I am disturbed that the possibility of saving a mere $200/month in property taxes is enough to upend everything.

In your shoes I'd try to increase my income by $200 a month before trying to lower my property tax $200 a month.

My property taxes are a little over $25.00 per $1000... which, I believe, are about the highest mentioned in this thread. Hooray me.


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RE: In a dilemmna

Yes, horray for you, but I for one can certainly understand mooie's position......I am a former widow and I know where she is coming from.....and what would you propose for her to do in a small town to increase her income by $200 a month?.....evidently, you have never walked in her shoes~~~


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RE: In a dilemmna

Saving $200? More like over $300. One never knows what the next year will bring. And to me, that tax money is something that is just gone. I realize that the tax money pays for things that benefit me, mostly. My options were to work overtime where I'm employed which we can do once a week. That would involve working 1 extra day per week for 40 weeks. Lotsa downtime there eh?

Let me put you in a better perspective. I moved here from a huge farmhouse where my late husband and I lived with our kids. This is smaller than the farmhouse but still has a very large yard. An acre to be exact. I love this place garden wise. I am calling it my 'interim' house. It's my adjustment place before moving to a somewhat smaller home with half the yard. This home has served it's needs for me and things are telling me it's time to adjust yet one more time. Life certainly isn't static. I placed my offer to them on Saturday and it's been accepted. Now I await the bank to call me back with approval and set up a time for an appraisal for this house.

Please don't judge me. I may not always know what I am doing, and that's when I offer it up to higher knowledge. There is a reason for all things.

Teresa


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RE: In a dilemmna

And it is perfectly alright, even if you simply prefer the other house. I hope everything goes smoothly for you.


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RE: In a dilemmna

Things are picking up steam. The bank called yesterday and said things looked good for the loan and would check with the appraiser to see which day this week he could come appraise my house. Plus the daughter and son in law of the people I'm buying the house from, are coming to see my house wednesday evening. I would have preferred them to come during the day but everyone works so that's not possible. Very exciting stuff going on! Thanks for all the encouragement!

Teresa


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RE: In a dilemmna

Update time. The bank came and appraised my home for the loan, (in-house appraiser) and they called yesterday and said they would be drawing up the loan papers. Yay for me! But he said one confusing thing I will need to talk to him about today. He wanted to do a title search on my house, I'm supposing to make sure there are no liens against it, which there aren't. He asked me if I had a legal description of my property in any of my paperwork when I purchased this house. I said I probably did and would run it up to him today. What I'm wondering about is will I have to pay for this title search and then pay for another one when I sell this house??? If so, can I refuse this one? Seems silly to have to do it twice.

Overall, things are progressing nicely and we hope to close on it as soon as my loan gets processed. Despite my oldest son's displeasure, it seems to be happening the way it's supposed to. Sweet!

Teresa


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RE: In a dilemmna

Teresa, glad to hear everything is falling in place. Remember, if it's meant to be, it will happen.

They probably do the title search just to make sure. I actually wish they would have done this for us because a loan my hubby paid off ended up coming up Friday before we closed. Thankfully we found out in enough time that the title lady could take care of it after my hubby called the loan place. Did you ask what the charge would be for the title search and if you could deny it?

Overall, things are progressing nicely and we hope to close on it as soon as my loan gets processed. Despite my oldest son's displeasure, it seems to be happening the way it's supposed to. Sweet!

He'll be fine.
This is your life and you have to worry about you. Eventually he may get married, have kids and while he'll worry about you, you won't be his 1st priority if you know what I mean lol

I know it's hard to shift gears with our kids, but you seem to be doing a good job of looking out for yourself. I'm sure your hubby would be very proud of you.


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RE: In a dilemmna

Wow!
Good for you Teresa!
How lucky can you be with all of this just effortlessly sliding into place.....
I wish you the best in your new home!
Sue


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RE: In a dilemmna

Teresa,
The buyer of the home pays for a title search which a Title insurance company performs before providing title insurance that the buyer purchases for the buyers protection.
You will pay for title insurance for the purchase of your new home (your neighbors) at settlement to protect your interest in the property.
THe bank in this case, will do a title search, which they will do, not for you to pay for. They are going to just check to make sure that your title is free of any leins or judgements before they hand you a check, the house is your collateral.
When you sell your house, the buyers of your house will pay for title insurance to protect their interest in the property, and a title company will again check to see if you have any leins on the property.
At settlement of the selling of your house, you will pay the bank back for the amount of money that they had lent to you for the purchase of your smaller home.
You will pay for Title insurance once.
When you buy your neighbors house.
I wish you all the luck. When things work out they are meant to be. It is the truth.
I have been following your story.


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RE: In a dilemmna

Another update on my little saga. I'm still waiting to hear from the bank on the title search. I took the info he needed to him last Saturday, but am wondering if he ordered the search on Monday or if he 'forgot'. Called him Thursday but he didn't have anything for me as of yet. Sighh.. He did say that the search was for any liens against the house and that it would cost $95 which would be built into my loan. Of course it will! lol!!

An odd twist to the story, tho. Had a call midweek from a lady in New York that is wanting to move back to our area. She had been interested in the house I'm getting but my offer was accepted before she could put one in. Word of mouth and emails exchanged by folks unknown put her in touch with me to see if I was going to be selling my house. She's coming to visit for two weeks and will view my house a week from today! How cool is that? After I chatted with her the other night, I emailed her some pics so she had an idea of what the house looks like now. She remembered it from her growing up years and always liked it then. I don't formally have the house listed, don't really have a price for it either cuz I'm still waiting to get my appraisal numbers back. But I have a bottom price, just not sure of the listing price. For all I know, my bottom price my be over my appraisal numbers! Time will tell...

Teresa


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RE: In a dilemmna

Another update if ya care.

I'm heading to the bank after work tomorrow to sign the papers to make this littler house my own. Pretty much all done on my own as the bank just didn't seem capable of calling me even once during this whole process. We will do the closing on Friday. So as I head into that, I also have someone coming to look at my pretty upside down home on Saturday! So everything has been crazy nuts here this week and I'm extremely stressed out with all that needs doing. I've had to back off almost all packing with the viewing on Saturday and will have to scramble after that. I plan to move over the second weekend of October. Yikes! All told, things seem to be moving in the direction I want them too, but I hope the personal cost isn't too much! lol!

Teresa


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RE: In a dilemmna

That's wonderful! Congratulations.


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RE: In a dilemmna

How is you son handling it? I wish you much luck with your move.

Jane


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RE: In a dilemmna

I appreciate you giving these updates. I thought I responded the other day (Saturday) but see I didn't.

Sounds like you won't have problems selling your house. Did the neighbors kid ever come to see your house?

Congrats on having the courage to do all of this yourself. Congrats on your new home. I hope to see the next post from you that you've managed to sell your house without an agent lol


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RE: In a dilemmna

Jane, my oldest son has come to terms with me moving, but still not happy about it. He has still to see the inside. My youngest who lives with me is ready to go!

Roselvr, I'm also hoping the lady coming on Saturday will just fall in love with my house and yard and snap it up!! Ok..I'm dreaming again! lol! Will be glad however once the viewing is done Saturday, so we can get back to the business of packing. Not to mention the 250-300 plants that are moving with me. I've been upfront with everyone about my hosta collection going with me and that I will replace what I remove with divisions or seedlings.Lot's of work but also lots of excitement. : )

Teresa


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RE: In a dilemmna

Teresa, I just moved about 1,000 potted plants, an assortment of roses, perennials & lilacs. Be sure to take what you want, my old garden is dead. Thankfully I took about 100 roses, left about 40.

Sending you some selling dust!!!!


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RE: In a dilemmna

Teresa, thanks for keeping us updated. It is so nice to get to hear the endings to posts on here, especially when they turn out as well as it seems to have for you.


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RE: In a dilemmna

Oh Teresa, I am so, so, so HAPPPPPY to know that this is going to work out for you.....and yes, we WOMEN can do things for ourselves!!!!! I hope that your present house sells quickly and the next post you make will say it is SOLD!!! Things are looking up for you.....and I know your hubby would be so proud of you~~~ Blessings. Phoggie


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RE: In a dilemmna

The closing went well on Friday afternoon! Everything signed and then they eventually convinced me that I DID have to give them my check~ lol!! They are moving on Monday and will be back Tuesday and possibly Wednesday to clean. After that, I can start shifting some things over there. As for the tumult in my present house, the flooring installer that I've been waiting on for weeks now was supposed to come this morning. My son and I moved all the appliances out of the kitchen last night and I finished moving stuff out this morning. I wait and wait. Finally I call. His lady friend said he had to leave for Virginia today (he is a OTR trucker)and was leaving at noon. Oh. She forgot to call me. Oh. If he wasn't the best installer in the area, albeit retired, I probably would have exploded. Well, I will catch up with him sooner or later. Would like to see the flooring in the kitchen before I move tho!! : )

On the upside, the lady who came to see the house Saturday morning really really likes it! She had the kind of reaction to the house and yard that I was looking for. Very much like my reaction on my first visit here before I bought it. She loved the solidness of the house and the privacy of the back yard.Since she will be going back to New York again soon, she wanted me to take some inside pics and email them to her,so she could show her husband. And she asked that if I recieved an offer that I might consider to please contact her right away because she would like to have a chance at it. Very encouraging.

Moving in 2 weeks. Way behind on everything. Thanks for the encouragement!

Teresa


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RE: In a dilemmna

Teresa,
Well, what happened?
How did your move go?
Did you sell your house?
Just soooo curious as to how everything finally went.


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RE: In a dilemmna

Gosh, thanks for asking! It seems like August,when this all began, was ages ago aleady.

I have not moved yet but have my fingers crossed for next weekend. Because of an undisclosed mold problem in the wall between the big bathroom and what's to be my bedroom, my move was held off til remediation could be done. The plumber finished up yesterday with his part of the work and the drywaller will be there on Tuesday to put my walls back together and get started painting. So I have my fingers crossed! Going back and forth between the houses, altho just across the street, has become very stressful.

On the bright side, I did indeed sell this house very quickly and feel quite fortunate to have done so. I retained a lawyer to do the paperwork and we should close the end of next week. Since the new owners will not be moving in til possibly next spring or even later, if I have to hold off on moving out for even one more week, then they will accomodate me. They are very nice people and I'm glad they will be my neighbors!

Again, I was very fortunate that things worked out the way they did. Oldest son is still not very happy but slowly coming to terms. As I move more and more of my things in there, it starts looking more like 'me' than a strangers house. It's all coming together albeit, slowly.

Thanks for asking!

Teresa


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RE: In a dilemmna

Found this by accident but enjoyed the story,,,
Teresa was very capable at solving problems and gaining information during her saga...
just wondered how living in her new house was going and if the move did give her some financial security as she envisoned???


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