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Sun Jun 9, 2013, 12:05 PM

Hmm...maybe my good luck was short-lived

So, I sold my house, no problem, but now I have nowhere to live. And I don't mean I can't find a place to meet my specs, I mean there isn't anything on the market. And as soon as there is, people are willing to spend a fortune just to get in.

It's very frustrating and I'm trying to be positive and think that my home will come, but I have to be out of here in a few weeks, so I am starting to worry.

Jupiter, where are you???

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Arrow 18 replies Author Time Post
Reply Hmm...maybe my good luck was short-lived (Original post)
Sweet Freedom Jun 2013 OP
villager Jun 2013 #1
Sweet Freedom Jun 2013 #4
villager Jun 2013 #7
Tumbulu Jun 2013 #2
Sweet Freedom Jun 2013 #3
Tumbulu Jun 2013 #5
southerncrone Jun 2013 #6
Sweet Freedom Jun 2013 #12
onecent Jun 2013 #8
Sweet Freedom Jun 2013 #11
Myrina Jun 2013 #9
Sweet Freedom Jun 2013 #10
Myrina Jun 2013 #13
Sweet Freedom Jun 2013 #14
Myrina Jun 2013 #15
Sweet Freedom Jun 2013 #16
Why Syzygy Jun 2013 #17
Sweet Freedom Jun 2013 #18

Response to Sweet Freedom (Original post)

Sun Jun 9, 2013, 07:19 PM

1. Going through similar housing woes, though with a series of crazy housemates, a vindictive property

 

"management" firm in the house I rent, etc.

Thought the tide had turned a couple months back and things were settled, but evidently not.

After a couple years of recurring "unpleasant surprises," I'd love some "even keel" time for awhile....!

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Response to villager (Reply #1)

Sun Jun 9, 2013, 09:30 PM

4. Ugh, that sounds awful.

Hope things turn around for you!

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Response to Sweet Freedom (Reply #4)

Tue Jun 11, 2013, 02:27 PM

7. Well, I could have used a more peaceful few months, for sure...

 


On the "Extended Stay" hotel tip below... Also consider AirBnB, if it's in your area (if you'd up for that kind of share).... People leasing out rooms in their homes or apartments for short/mid-length stays -- you can often stay in neighborhoods near where you'd be interested in living in anyway.... (again, depending on the initial region...)

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Response to Sweet Freedom (Original post)

Sun Jun 9, 2013, 08:47 PM

2. Are rentals are difficult to find in your area?

Can you house sit for people who will be vacationing this summer? Put your things in storage? Take time to look calmly?

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Response to Tumbulu (Reply #2)

Sun Jun 9, 2013, 09:28 PM

3. I am thinking of renting becuase

I have to be out of my home mid-summer. I guess the positive will be that it would be cheaper than buying, but I'm not sure if the rental market is any better.

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Response to Sweet Freedom (Reply #3)

Mon Jun 10, 2013, 12:04 AM

5. Well, it gives one a chance to think and plan, etc.

The right place is there for you....just need a resting spot to watch for it.

Good luck with all if this new adventure!

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Response to Sweet Freedom (Original post)

Mon Jun 10, 2013, 01:13 AM

6. Have you considered an extended-stay motel?

Microtel & the sort. You can rent weekly, thus avoid getting tied up in a long-term lease & hefty deposits (that you often lose). It will let you skip along until you find the perfect home. The weekly rates normally balance out to what you'd be paying for monthly rent, but offer you more flexibility. Of course, you'd have to put most of your stuff in storage.

Good luck!

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Response to southerncrone (Reply #6)

Tue Jun 11, 2013, 03:46 PM

12. I'm thinking a 6m apartment lease instead

I don't really want to go the storage route...I'm trying not to disrupt my daughter's life any more than I already am, plus I have kittehs, so I don't think the motel option will fly.

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Response to Sweet Freedom (Original post)

Tue Jun 11, 2013, 02:31 PM

8. If I may ask,

what city do you live in?

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Response to onecent (Reply #8)

Tue Jun 11, 2013, 03:44 PM

11. Houston /nt

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Response to Sweet Freedom (Original post)

Tue Jun 11, 2013, 02:52 PM

9. Can you clause the 'closing' to give you time to find something else?

Alot of times the sale/closing is dependent on the owner 'finding a new home' or some similar wording.
Can you rent it from the new buyer at least until you find something or do they intend to move in ASAP?

Or is it too late for that?

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Response to Myrina (Reply #9)

Tue Jun 11, 2013, 03:43 PM

10. I am renting for two weeks after I close

but that is now one month away.

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Response to Sweet Freedom (Reply #10)

Tue Jun 11, 2013, 03:56 PM

13. You'll find something in a month ....

... the stars are just aligning. Patience. It will come to you, just in the nick of time.

Does your area have a realtor's centralized website with all the available homes listed? In Indiana we have MIBOR.com. You can type in the area, price range, year built and other specifications (as picky as you want to be) and it will show all of the houses that meet those criteria. A website like that would be someplace to start, anyway ...



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Response to Myrina (Reply #13)

Tue Jun 11, 2013, 03:59 PM

14. Oh yes!

I check that puppy 5 times a day! In fact, I'm wondering what I'm going to do with myself once I do find a place and I don't have to surf for a home!

I am hoping something comes my way at the 11th hour. That would be so cool and I love working under pressure!

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Response to Sweet Freedom (Reply #14)

Tue Jun 11, 2013, 04:02 PM

15. Hah, whatever you do -- DON'T LOOK after you buy.

I did that and practically tortured myself with buyers' remorse.
Whatif Whatif Whatif
I like that one and that one and that one and and and ...
But that's a peculiar trait I have (indecisiveness) ... wish it would go away.

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Response to Myrina (Reply #15)

Tue Jun 11, 2013, 04:13 PM

16. That is excellent advice

and I will take it!

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Response to Sweet Freedom (Original post)

Wed Jun 12, 2013, 12:14 PM

17. The banks..

This is what I hear from the Pacific Northwest. Nothing on the market.
The banks own most of the property. And they are not selling.

If building is an option in your area, consider that. Also don't forget if your proceeds are not invested in a year, you are liable for taxes. (check w/ tax adviser)

Good luck. Maybe the stars will align.

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Response to Why Syzygy (Reply #17)

Wed Jun 12, 2013, 05:37 PM

18. Ah, I see

Another problem i have heard is that CD rates are bad, so people are buying real estate with cash and so those of us financing are SOL.

Here, it's two yrs to reinvest. Unfortunately, building is not an option.

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