My House In Maryland Is For Sale, AND...

[floridaZ]

Oh great, another old bat to clog up the roads and drive really really slow.



Best of luck on selling your house though. Renting/leasing it will probably be the best option available for some time, but who knows? Maybe someone will see the house and fall in love with it.

Chris Dodd and Barney Frank are the type of people who sometimes make me wish we were in a state of anarchy. Then I remember that there are several million people out there just like them, and then the idea of a bunch of people being able to do whatever the hell they want without consequence doesn't seem like such a good idea.

[Rich Z]

How in the world is the government going to PAY for a bailout without taxing us, who are already strapped with taxes (and about ready to revolt), or just printing up money (which is already causing runaway inflation), or getting loans from China (who already virtually owns a lot of this country)?

Hasn't anyone figured out that there are REAL problems that need to be dealt with when houses that used to cost $85K 15 years ago now have price tags of a half a MILLION dollars on them?

Take a look at these old German stamps I have and ponder what they indicate about the German economy in 1923.....

[Rich427]

Hey Chuck,

Sorry I did not respond to this earlier, but Joyce and I just got back from the Keys this afternoon.

I know what you are going through, we went through it last year. We wound up selling our house up there for about $60k less than what everybody said it was worth. But I am glad it is gone and I haven't looked back. You and Pat will be in the same situation soon. You'll figure out a way to muddle through this situation.

Let us know if we there is something that we can do to help.

Rich

[Qman]

Good luck with your mission.

[Coastal]

Originally Posted by ChuckG

I'm ready to move to Florida ASAP.

BUT.....I have several obstacles still in my way.

First, have to sell the house in Maryland, and the Real Estate market stinks up here, but not QUITE as much as it does in Florida. Looks like we'll take an 80 to 100K hit on the price.

Second, I'm still trying to sell my business/practice. I've had NO inquiries after having it listed for nearly 8 months. My contract with the broker runs out in February.

The house in Florida has been completed for several months. We just got back from a quickie trip down there.

SO...keep your fingers crossed for me.

Couldn't be a WORSE time to try to sell a house with the real estate meltdown, the mortgage mess, and now the "related" 700 BILLION rescue plan.

Also, the stock market has taken a 3000 point hit over the past several months. My timing sucks.

Here's a link to the listing of my house in Maryland, if anyone wants to check it out.

http://www.marbykelly.com/

Mine is the house at 2113 Hampton Court, Fallston, MD.

Chuck

Good luck with selling. Are you in an area with that is prime for corp relo? And is your house in the category that a relo exec may be looking for? If so, you are in better shape than most people trying to sell.

However, you picked the absolute worst time to list it. Not only are we dealing with the current housing inventory and credit crunch, but this time of year is always the slowest with only those who have to move moving. If you could have waited for January, would have the best shot.

[ChuckG]

Originally Posted by Rich427

Hey Chuck,

Sorry I did not respond to this earlier, but Joyce and I just got back from the Keys this afternoon.

I know what you are going through, we went through it last year. We wound up selling our house up there for about $60k less than what everybody said it was worth. But I am glad it is gone and I haven't looked back. You and Pat will be in the same situation soon. You'll figure out a way to muddle through this situation.

Let us know if we there is something that we can do to help.

Rich

I'd be happy with 60K less. Looks like 100K hit, maybe more. Should have sold it a year or two ago.

Haven't had ONE phone call. It is a lousy time to list, but that's out of my control.


This is a good area for relo's as the real estate people say. We're the recipients of a BRAC (base relocation and closure) increase involving Aberdeen Proving Grounds, the largest employer in my county. They're closing Fort Monmouth in New Jersey, and literally thousands of people and thousands of jobs are moving here. BRAC has already begun. Should really crank up after the first of the year.

Stock market dropping nearly 800 points today doesn't help either.

Chuck

[85vette]

Sounds like "creative owner financing" may be your best bet.

[ChuckG]

Originally Posted by 85vette

Sounds like "creative owner financing" may be your best bet.

Problem with that is we really wanted to take the proceeds from the sale of this house and completely pay off the new house in Florida. We wanted no mortgage.

Chuck

[LEJ ZO6]

No matter what you have to go through it will be worth it.

We moved here from Illinois in '89 and wouldn't move back for anything.

In fact, I've told relatives in Illinois not to expect us back, ever, during the winter months unless someone really important to us dies.

[Shadow]

This is a good area for relo's as the real estate people say. We're the recipients of a BRAC (base relocation and closure) increase involving Aberdeen Proving Grounds, the largest employer in my county. They're closing Fort Monmouth in New Jersey, and literally thousands of people and thousands of jobs are moving here. BRAC has already begun. Should really crank up after the first of the year.

This was exactly what I was referring to in my earlier post

I should have some information for you by tomorrow regarding military rentals.

The lease option plan will likely be the quickest and easiest way to handle this and still keep your options open. Might not get the $$ you wanted right now, but when the market straighten out, and it will straighten out, you'll already have a qualified buyer with "roots" in the house