wilbret
DIS Veteran
- Joined
- Aug 1, 2018
If you have multiple, just pick one. The "salt in the wounds" thread got me thinking.
In 2005, we bought a new house. It was everything we wanted. The housing market was booming, BRAC (Base Realignment and Closure) was bringing tens of thousands to our town, and housing prices were going thru the roof. We sold our little house in one day, and made a deal on a new house. Within months, it was already up in value... yay!
Then, BRAC was delayed. Building stopped. The neighborhood stopped at our house, in both directions. Just streets.
My company relocated in 2006, and I tried something else for a year in that one-horse town, but ultimately, we needed to move for greener pastures, with a baby on the way.
In 2008, we listed the house for sale, and it sat for months. We got serious low-ball offers, but passed, expecting more to come. They didn't. I began to commute 2+ hours to work, and ultimately ended up staying with a friend during the week for several months. We put the house up for rent, but the renter moved without notice after a few months, and we had to battle to collect rent. It cost thousands to fix the house back up to sell. By this time, we were living 3 hours away, paying mortgage and rent, and gas was $4 a gallon at the time!
We accepted an offer after almost 2 years on the market, and we had to bring a check for $11,000 to closing. If we had taken the first "lowball" offer, we would have netted $50,000 from the deal, but ended up losing almost $100,000 when it was all said and done from selling below what we owed, rent, repairs, etc...
And of course, after we moved, BRAC came thru, they finished the neighborhood, and prices skyrocketed. Shoot me.
In 2005, we bought a new house. It was everything we wanted. The housing market was booming, BRAC (Base Realignment and Closure) was bringing tens of thousands to our town, and housing prices were going thru the roof. We sold our little house in one day, and made a deal on a new house. Within months, it was already up in value... yay!
Then, BRAC was delayed. Building stopped. The neighborhood stopped at our house, in both directions. Just streets.
My company relocated in 2006, and I tried something else for a year in that one-horse town, but ultimately, we needed to move for greener pastures, with a baby on the way.
In 2008, we listed the house for sale, and it sat for months. We got serious low-ball offers, but passed, expecting more to come. They didn't. I began to commute 2+ hours to work, and ultimately ended up staying with a friend during the week for several months. We put the house up for rent, but the renter moved without notice after a few months, and we had to battle to collect rent. It cost thousands to fix the house back up to sell. By this time, we were living 3 hours away, paying mortgage and rent, and gas was $4 a gallon at the time!
We accepted an offer after almost 2 years on the market, and we had to bring a check for $11,000 to closing. If we had taken the first "lowball" offer, we would have netted $50,000 from the deal, but ended up losing almost $100,000 when it was all said and done from selling below what we owed, rent, repairs, etc...
And of course, after we moved, BRAC came thru, they finished the neighborhood, and prices skyrocketed. Shoot me.