My fiancé and I are selling our current house and purchasing a new house. We need the funds from our sale to put towards the closing costs of the new house. HELOC and bridge loans were not financially feasible for us so we tried to make our sale/purchase contingent on each other for a bit. We had a couple buyers ready to go but the contingency was killing our offers to purchase houses listed for sale. So we recently decided we would sell first so future offers wouldn’t have the contingency. We considered renting, but in our area it is expensive and difficult as we have 2 cats and 2 giant breed dogs. So we decided to move in with my family temporarily. My parents are clearing out my old bedroom and we will keep our furniture in storage until we find the next place.
Has anyone done this before? Any regrets going this route? On one hand I’m so thankful that my parents offered to help us in this way, it lets us save some money and solves the pet issues we ran into while looking for rentals. On the other hand, it will definitely be a bit of an uncomfortable living situation, since their house already has 3 adults, 2 cats, and 2 dogs living there before we move ourselves and our pets in (we can make it work but it will definitely be tight living quarters). My biggest concern is that we might “settle” for a house that we don’t love just to be able to move out on our own faster. We are trying to keep a list of the priorities we want in the next house so this doesn’t happen, but it still makes me a little nervous.
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source https://www.reddit.com/r/RealEstate/comments/1u8m1ut/temporarily_moving_in_with_family_to_sell_house/
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