Freaking out. Need Advice re: moving

[dinosmom]

Last week one of my clients offered me a full time position with full benefits etc. But here is the problem...its in a different state so I would have to move. I would take it in a heartbeat but there is no way my house is going to sell. I am surrounded by foreclosures and homes already on the market for less than half of what they are worth and nothing is selling. Its also saturated with rental properties as well. I talked to a realtor who ran some numbers and valued my house lower than what I have in to it by a LOT! She said nothing is selling in the neighborhood and homes have been sitting for over a yr now. I do not know what to do.

The company cannot buy my house and they need me to start within the next few months. I have priced out homes in the area where I would be moving to and they are some fairly good deals but I dont have the down payment if my house isnt sold. I cannot pay the mortgage on my house and afford rent if I have to either. I have to give them my answer soon!

What would you do?

[Breezin]

I would have to tell them that I would love the position, but with the housing market the way it is I would be unable to sell my home at this time and see if they are able to offer a sign on bonus, pay for your living expenses in your new location until you sell your home or for x amount of months or see if they have a broker that can help you out of your home faster.

[Mary Jo]

Could you rent your house?

[jasmine]

If things don't fall in to place, then maybe this isn't the thing you're suppose to do right now?!!

[pepperpot]

Could you rent your house?



. Its also saturated with rental properties as well.

Get Saint Joseph to be your Real Estate Agent....;)


When it comes time to sell a house, some homeowners rely on St. Joseph, carpenter, earthly father of Jesus and, well, earthly real estate agent. A centuries-old tradition claims that burying a statue of St. Joseph in the yard helps homes sell faster.

Stephen J. Binz believes it works. The author of "St. Joseph, My Real Estate Agent," he became a believer when his own house had been on the market for seven long months. Upon the advice of his Presbyterian real estate agent, Binz buried a St. Joseph statue in his yard.

http://www.bankrate.com/brm/news/real-estate/20040831a1.asp

[meltodd69]

Are you sure you don't live in my neighborhood? Sounds just like it. We would love to sell, and move to where we could find jobs. But NO WAY am I selling my home for pennies! Thought about renting it out, but been there done that, and people just trash your property.

[dinosmom]

Well I might have a solution to my problem. My ex BIL said he was willing to purchase the house from me for what I owe on it (which is a lot less than what its worth and what I have actually sunk into it). Then he would either rent it out or sell it. That wouldnt give me any $$$ to use as a down payment on a new house but I could at least afford rent in the new area and I would have the mortgage monkey off my back. He said this to me casually last night so now I have to see if he is really interested.

My DS is on board with the move but a bit worried about having to start 7th grade at a new school after the school yr has already started. School here starts after Labor Day and school in the area we would move to has already started!!! I dont know how that works when transferring. But he is pretty excited....mainly because they have a HUGE skate park in the town. LOL Thankfully he is a very social child and seems to make friends quite easily.

BTW-I used the St Joseph statue to sell my first house. I had an offer exactly a week after burying it in the yard!!!!

[cabby92]

A house is only worth what someone's willing to pay for it so you need to quit thinking in terms of what it once was worth. If you can get out without owing anything and have a good job at the end of your journey then this may be a solution, not a problem.

[freeby4me]

A house is only worth what someone's willing to pay for it so you need to quit thinking in terms of what it once was worth. If you can get out without owing anything and have a good job at the end of your journey then this may be a solution, not a problem.

Thats very well stated and I agree!

[dinosmom]

If you read what I wrote, my PROBLEM is that I do not think I could sell my house at ANY price. YEAH, I do realize that I will not get what I think its worth or even what I still owe on it. DUHHHHH!!!! I mean really!!!!!

[BeanieLuvR]

It is the same way around here. Houses are sitting. We had the opportunity last year to buy the house and farm I grew up on but couldn't because we knew our current house wouldn't sell. We didn't want to rent it out because we have saw what happens to rental houses. Good luck, dinosmom. I hope things work out the best for you.

[cabby92]

What you said was "My ex BIL said he was willing to purchase the house from me for what I owe on it (which is a lot less than what its worth)", NOT what you think it's worth. We can only read what you type, so before you start duh'ing and really'ing you need to re-read exactly what you wrote.

[freeby4me]

What you said was "My ex BIL said he was willing to purchase the house from me for what I owe on it (which is a lot less than what its worth)", NOT what you think it's worth. We can only read what you type, so before you start duh'ing and really'ing you need to re-read exactly what you wrote.

Exactly, so how is that "not being able to sell it at all"?

[iluvmybaby]

If you read what I wrote, my PROBLEM is that I do not think I could sell my house at ANY price. YEAH, I do realize that I will not get what I think its worth or even what I still owe on it. DUHHHHH!!!! I mean really!!!!! No offense, but how rude. You post you want advice on a public forum and when someone tries to give you advice you act rudely and say DUH, this person was just trying to help you. Do whatever you want, cause you not going to listen anyways