Skip to main content

Renting or sell

I’m making this post as an overreaction to my life’s current situation. But my marriage isn’t in a very healthy state and if marriage counseling doesn’t help my wife and I get back on track we are seemingly headed for a divorce.

About 3 years ago we / mainly me bought the house we’re currently living in. It’s a great town in a great school district great everything. If my wife were to move out I truly don’t think it really be messy divorce since we both just coming to the realization that maybe we shouldn’t have gotten married when we did (we don’t hate each other at all). I think again I’m not believing this I’m just thinking best case scenarios that I would have to buy her out of a small potion and give her a car( we own two ones payed off).

I don’t want to sell this house as I got a decent deal on it for this area. My main question of rambling racing thoughts is, to anyone who’s been in a similar situation. If you kept the house did you rent the entire house out to help keep paying the mortgage or did you rent room(s) out?

I haven’t done any research on this yet I saw a house on my street go up for rent that I didn’t know was a rental and it gave me the idea.

I’m currently living about an hour NE of Philadelphia in the suburbs. Just to give you an idea of the area I’m in. The area here the homes sell FAST, for example we bought this house when it was only on the market for 48 hours. Friends sold their home with in 48hrs on the market a couple months ago.

I may be rambling and giving useless or not enough information but this situation has been very difficult for me to think clearly.

I’m hoping I can delete this post and laugh to myself in the future but who knows.

TL;DR:

If you and your spouse had a “healthy” divorce and you kept the house what did you do to help pay the mortgage? Or did you cut ties and sell the house?

submitted by /u/No_External186
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1rvcq5p/renting_or_sell/
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

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more