Strike again
Got a call from my realtor's partner a few minutes ago with results from the last three showings...One wasn't interested, one decided to buy another place, and the third decided to up their price range so they can afford a garage (my place has a double carport). I was told (again) that my condo showed well. Just haven't had the right buyer see it yet.
Time to report to the house's owner again. Sigh. If I didn't have to pay $300+ /month on my education loan, I MIGHT consider getting that bridge loan to buy the house before selling the condo, but I do have loan payments and insufficient income to manage two households, so that's that.
My next door neighbors in the unit north of me have also been trying to sell their place, on again off again, for over a year. I saw them moving out last night, and asked them if they sold their place. They said no, but they found a house they want to move into, and have decided that they don't want to wait any longer to start a family. The guy said he had some friends who were going to rent his condo for a year or so while they saved up money to buy their own place.
I have had more than one person suggest renting my place, but I REALLY don't want to be a landlord. Besides, to buy the new house, I need the equity in the condo, so I don't see this as a reasonable option. And yes, I could probably buy the house with little put down, and if I was in a situation where I HAD to move, I might do that. But I don't have to move, so I'm not going to put myself in a big financial hole to get the house (little down means bigger monthly payments, then extra cost to refinance when I do sell the condo and get my hands on the equity).
Time to report to the house's owner again. Sigh. If I didn't have to pay $300+ /month on my education loan, I MIGHT consider getting that bridge loan to buy the house before selling the condo, but I do have loan payments and insufficient income to manage two households, so that's that.
My next door neighbors in the unit north of me have also been trying to sell their place, on again off again, for over a year. I saw them moving out last night, and asked them if they sold their place. They said no, but they found a house they want to move into, and have decided that they don't want to wait any longer to start a family. The guy said he had some friends who were going to rent his condo for a year or so while they saved up money to buy their own place.
I have had more than one person suggest renting my place, but I REALLY don't want to be a landlord. Besides, to buy the new house, I need the equity in the condo, so I don't see this as a reasonable option. And yes, I could probably buy the house with little put down, and if I was in a situation where I HAD to move, I might do that. But I don't have to move, so I'm not going to put myself in a big financial hole to get the house (little down means bigger monthly payments, then extra cost to refinance when I do sell the condo and get my hands on the equity).