Skip to main content

House on Market for 7 months - this has ruined my life

I have had my house on the market for almost 7 months in Florida. It went on the market in June. We decided to sell it since we have been renting it out due to having jobs and life in another state, and we did not think we wanted to go back there. My renter moved out in June, so I have been paying rent and mortgage for 7 months now. After the 3rd month I was getting nervous. When it came to the second week of November I was slightly panicking, and now we are are in a world of trouble due to debt from paying double rent/mortgage, and I was not in good shape financially when this started. I have had no offers, besides a ridiculously low invested offer that was kinda spam, I have reduced the price by 85k, and there is just no movement. As of the end of this month we are going to have to upend our lives and move back into the house. My partner is going to either quit his job, or we are going to have to live separately until the house is not stale real estate anymore. We are just sick about this. Two other people I know in real estate blame my realtor. He has been a friend, and sold my last house and found me renters when we had to move, but people say it seems like he didn’t hustle enough for this house in a challenging market. I am probably going to have to declare bankruptcy, and we don’t even have the money to move due to the double expenses for so long. This has been a nightmare. I know I am blessed to have property, and understand that many are struggling, but I never thought that this house would be the thing that ruined our lives. Anyone else had similar situations and have some creative solutions?

submitted by /u/Last_Beach_6991
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1q77t1h/house_on_market_for_7_months_this_has_ruined_my/
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