Skip to main content

Requesting Advice - FL Home

Good Morning All,

I know you may think - not another should I sell post. But I really need advice as I am going through a divorce that is rather contentious (not my choice).

We purchased our home in FL last July with a VA rate at 2.8%. I did not want the home but for reasons I will leave out, we bought the home anyways. My spouse decided to divorce me 2.5 months ago so we are just starting the process and I wanted to list the house asap. Well, my spouse decided they would like to drag their feet on signing the listing paperwork and are coming up with every excuse possible, including my listing price being too low. I priced the house aggressively to get it sold but not to take a loss. With them dragging their feet now for over a month, I am growing increasingly concerned that the house will go from minimal profit to a loss especially with rates going up again in Nov.

I have no interest in being a landlord but is it worth it to try and find a renter to ride out whatever is going on in the market or should I continue to try to sell, if even for a small loss? I was going to market the home as assumable in hopes of getting a slightly higher price but don't want that amount up for grabs in my divorce seeing as it would lock up my VA loan unless another veteran bought it.

Any thoughts or advice is appreciated.

submitted by /u/PhilosopherNo623
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/yc6g1z/requesting_advice_fl_home/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

How to get started?

Hi! I’m 23F and I just graduated college with an english degree (😅) but i’ve been working in nonprofits since I was 16 and lucked into an amazing first job with an one of the biggest and best real estate non-profits! I love my job so far, but it’s my first time being surrounded by such wealth (and very hard working, deserving individuals.) To be quite honest, I‘ve had a rough few years juggling multiple jobs to finish school, and the idea of myself not living paycheck to paycheck seems light years away. This is all being said, I guess I’m posing the question towards the group of what I can do now to start building that kind of future for myself. I find real estate very interesting, and i’ve loved learning about all the machinations behind development- I’m just not sure where to begin within the industry (investment/rentals are definitely not an option for me yet). I’m also looking to go back to school, but being that I don’t know where to start, I wouldn’t like to begin classes aga...
Post a Comment
Read more