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I've had it with my neighbor! In NY. selling costs and purchasing costs approximately?

Life is too short. I'm tired of the insurance claims and legally fighting neighbor, which is a store.

Seriously thinking of selling my home that I've lived in all my life. The original plan was stay in NY until retirement which is less than 7 years away, and move south. The insanity I have been dealing with as of late, just isn't worth it anymore. Defeated.

I'm focusing strictly on the financials, to see how we can do this.

Our house should sell for $225k. Maybe a little more. In NY how much will we clear?

And then the part we dread, buying. From a quick search, I'm guessing that we will be looking at least $300K for similar quality home to what we have, probably a little smaller in a different neighborhood. Finding something looks to be impossible. How much does it cost to buy a $300k house, assuming we can find one in in market?

Where we are right now.... $45k left on our home equity line which has extremely low rate. Taxes are about $4500/yr. So essentially our current housing cost are $1000/month. Some month are higher when I plunk down more to payoff home eq.

submitted by /u/ForNowNameless
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source https://www.reddit.com/r/RealEstate/comments/1dwn5pg/ive_had_it_with_my_neighbor_in_ny_selling_costs/
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