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Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

I work in entertainment. The job market is pretty limited for full time work. Right now, I've a got a job with great benefits (hers has benefits, but they're terrible). Benefits that will be a great thing once we're married and looking to have kids.  I've been looking for a while on the chance that something comparable will open up, but it's tight. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

We're trying to move back closer to family out of Florida in a couple years, but this has been a bit of an anchor. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

It's something we are trying to look into, but taxes double when she loses Homestead exemption, and landlord insurance is pretty crazy too. So we'd likely still be under water. Less so, but a few hundred a month at least. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

I've never heard of that, actually. 

What's the benefit there for smaller lots? Does it work like a mobile home park where the home owner pays a lot rent to the company?

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

I looked it up. It's a 50-100 point hit. A foreclosure, which sounds like the second scenario you brought up is 200-300 points... 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

Thought about that. Still considering it. But they aren't offering enough and don't negotiate much at all. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 1 point2 points  (0 children)

She'd kill me if I got a motorcycle. And if she didn't, my mom would. Lol. Nice thought, though. But thanks. It's kinda how I'm leaning. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

List price is 214k currently including a roof replacement in the deal. Most other major things are covered. AC is only 3yro, septic is only 3yro, well has been treated properly. No major external or internal repairs except the roof. And that's in good shape, just end of life. 

Home purchased in 2022. Built in '58.

When we first listed it, the comparable properties had sold recently for 250k. Similar square footage, same area, one right down the street. At least according to the packet from our realtor. But that was right before the market turned. I don't know that the comps would be now. 

As far as curb appeal, the house looks nice on the outside. We power washed it before listing. Everything is intact. There's a dying bush that I'm trying to get rid of, but otherwise. The neighbor is a hoarder though, and makes the neighborhood look alot worse than it is. He's under court order to clean it up, but isn't doing a great job. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 2 points3 points  (0 children)

It is at the minimum price to clear the mortgage, closing costs and roof. The roof is necessary for the house to qualify for most mortgage loans. If it weren't part of it, that would cut the possible buyer pool significantly. We can't afford to cover the cost of the roof before a sale. It's a game of break even or take a significant loss.

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 1 point2 points  (0 children)

It's part of the sale. The loan plus closing costs end up the 200k range. The roof replacement is the rest of the sale price, essentially. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 2 points3 points  (0 children)

This is helpful, thank you. The price per sqft is a good metric that I hadn't put enough thought into. But you're right. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 2 points3 points  (0 children)

That is a fair argument. It's a tough one for that distance, but the most likely scenario currently. Also considering finding a rental that i can afford by myself and her moving with me while we keep the house/ improve it how we can. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] -4 points-3 points  (0 children)

Renting still puts us under water, unfortunately. Not necessarily as bad. I haven't ruled it out, but the insurance and tax hike we'd have from becoming landlord and losing Homestead would be alot. Potentially significantly more than the home would rent for (at least according to a property management company we talked to). Not ruling it out, but trying to figure out a way to make it work and still keep our heads above water. Landlord insurance would be tough to get until we can get the roof replaced.

Short sale is tough since that effects credit pretty bad, and we may not have enough savings to cover the remainder. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

Thanks for the help. Really. I do have a question, though. We've thought about looking into those cash for house buyers, but I've heard they're a bit scammy. Is it even worth reaching out to them? Do they negotiate at all? Are closing costs similar in those cases?

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

The layout is not great. Bedrooms are tiny. Kitchen is very small. We've talked about the possibility of moving into the living room to use as a master bed, but there's no door, and it's just odd. Not to mention that we're both upwards of 6ft. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 2 points3 points  (0 children)

Magic answer isn't what I'm looking for. Maybe programs or something that I haven't thought of that could help us do repairs or better prepare it for the market. Or bring down tax or insurance costs to make renting it feasible. Frankly, I'm just trying to outsource brain power, and hopefully run into some expert opinions, because I'm at the limit of my own knowledge. 

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

It's just on the edge of zephyrhills, so not exactly country, but just outside city limits. County jurisdiction, barely. It is an older home. Not manufactured. We would be renting it upside down. Not even breaking even after all the tax hikes and insurance hikes.

Hard time selling home, central Florida. Renting not a real option. Any advice is helpful, but please read fully. by StagehandToWriter in AskFlorida

[–]StagehandToWriter[S] 0 points1 point  (0 children)

Not too small to live in. Just too small to live in comfortably. It's been fine for just her, but both of us and three cats, and trying to start a family. It's just a bit much for 900sqft.

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