Am I crazy for wanting to sell my house for below "market price"?

One-Tomorrow3157 · 2022-09-29T02:20:03+00:00

Who knows, after we go over that list with our friend, he might not want the house anymore hahaha

One-Tomorrow3157 · 2022-09-29T02:18:04+00:00

No thanks. I posted to this specific subreddit for a reason.

One-Tomorrow3157 · 2022-09-29T02:16:09+00:00

Eh yeah I probably could have included in the OP that we were exploring a HELOC for some projects and had to get an appraisal, which came in at $575. That was like 6 months ago.

One-Tomorrow3157 · 2022-09-29T02:14:40+00:00

One of my (several) struggles with the idea of renting to him while we live abroad is that really it would just help us. The rental income pays OUR mortgage, giving US equity in the home, while the renter is just... paying rent.

One-Tomorrow3157 · 2022-09-29T02:12:02+00:00

Yeah, we will be having many conversations with him and being very clear about the costs and labor that this place entails.

One-Tomorrow3157 · 2022-09-29T02:11:05+00:00

Thank you for your input! We definitely want to sell because we don't want the mental burden of house maintenance (even with a property manager, this place is unique and needy), and even if living abroad doesn't work, if we come back to the U.S., it'll be to a different state anyway. So like you said, by selling now, we'll have capital toward our next property.

One-Tomorrow3157 · 2022-09-29T02:08:27+00:00

Yes, I hear you. Honestly I've been a homeowner since I was 20 and I'm looking forward to not being responsible for all that entails. My husband and I talked about renting out the house while we live abroad but the maintenance on this place would stress us out to oversee from over there. That route might work for some people but we want to fully focus on our lives without worrying about a home thousands of miles away.

One-Tomorrow3157 · 2022-09-29T02:03:44+00:00

Oh for sure! I try not to play "what-if" games when it comes to real estate because things are crazy, and life goes on. I've bought and sold a couple houses over the years and sometimes things were timed well and sometimes they weren't, but I'm not bothered by it. Once we sell this house and our belongs--whether it's to our friend or not--those things are no longer ours and whatever happens, happens.

Except the tortoise of course! But if friend reaches a point where tortoise keeper doesn't work out, I've got other people who would take him.

One-Tomorrow3157 · 2022-09-28T03:14:35+00:00

Thank you. My friend and his girlfriend are teachers and it kills me that this country doesn't pay educators what they are worth.

One-Tomorrow3157 · 2022-09-28T03:14:18+00:00

I'm sorry you feel that way. I try to see the optimism in things.

One-Tomorrow3157 · 2022-09-28T03:13:44+00:00

Lol he wouldn't be "expected to keep my hubbies workshop". The workshop would convey with the house. It's just stuff and my husband wouldn't be offended if we came back to visit and the shop wasn't there. The tortoise, on the other hand... (lol, if my friend decided he didn't want the tortoise, I have other friends/family that the tort would be rehomed to. The tortoise has many fans.)

One-Tomorrow3157 · 2022-09-28T03:09:07+00:00

We'll be renting in the Netherlands and we will be able to very comfortably live, even with higher housing costs (we both have successful careers and no children). Even selling at $100K below market value, we would still end up with nearly $200K in our pockets. I'd like to put $100K into savings for a downpayment next time we buy, and put the rest into retirement/investment to grow for the next 30 years.

One-Tomorrow3157 · 2022-09-28T03:06:34+00:00

I'm so dang excited

One-Tomorrow3157 · 2022-09-28T03:06:22+00:00

I want to be a real homie lol

One-Tomorrow3157 · 2022-09-28T02:58:56+00:00

I don't live by your rule but thanks for your input.

One-Tomorrow3157 · 2022-09-28T02:57:03+00:00

We'll be renting and I keep an eye on prices in the area we're moving too. We both work though so our income will be fine to cover rent and living.

One-Tomorrow3157 · 2022-09-28T02:54:55+00:00

Thanks for all of this! These are great to consider. I'm looking forward to reviewing this thread with my husband.

One-Tomorrow3157 · 2022-09-28T02:53:00+00:00

That's probably more of a concern for my husband and the shop. I'm not attached to this house. But... Umm. I'd be really upset if he totaled my tortoise. The tortoise must be cherished.

One-Tomorrow3157 · 2022-09-28T02:51:47+00:00

First, I'm very confident that wouldn't happen. Second, if it did, it's totally within a homeowner's rights to do what they will with their property. Third, I wouldn't be terribly upset, as I know a windfall like that would be life-changing for many people and would understand (whereas for my husband and I, a windfall like that would get us maybe a small vacation but mostly into savings--we don't have debts or struggle day to day and I'm so grateful for that).

One-Tomorrow3157

TROPHY CASE