Skip to main content

Advice, please

I can’t separate myself enough from the situation to make a clear decision. Here is my situation in bullet points. Annoying as it may be, I think it’s more efficient.

•Bought a TH end of 2021 to be near elderly mother who I’ve just moved into AL and am cleaning out her house for sale.

•Used agents unfamiliar with the area, did not know of neighborhood’s bad rep. HOA is also terrible.

•New HOA BOD is planning to force a roof replacement project this year, even though our roofs are <20 years old. Mine will likely cost $20K.

•Many people will not be able to afford it. HOA will start filing liens and foreclosures. Property values will plummet.

•Like my place - large for a TH, nearly 2,200 sq ft - but hate my neighborhood and area. However, mortgage + HOA fees are still less than rent in many places.

•If I leave and rent it out, still end up having to pay for new roof, which I can’t afford. Also, HOA now requires a $4k deposit to them on top of 1st, last & security to owner. Insane.

•Oh, and I’m in FL. So market isn’t just soft, it’s boggy.

Do I just go ahead and list, take what little equity I have if I can sell, and leave, even without a plan?

submitted by /u/BattleSuccessful1028
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1judzy8/advice_please/
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

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more