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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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What would you do?
DH and I bought our house last year and love it but the bedrooms are smaller than we like. We know we want more kids but we would never be able to come up with the money we would need to add on in a couple of years b/c we have other bills and things to worry about especially now with the baby. We live in nassau and all my family (who are the only family we see regulary) live in suffolk. We are thinking about selling our house for something bigger in suffolk and also to be closer to my family so my mom can watch the baby if/when I go back to work. I just feel so frustrated b/c I love our house and area, but it is just so $$$. I kick myself now for not buying a "starter" house and saving more money. We just did so much. In one year, had a big $$$ wedding (which I think about everything I could have used that money for), bought a house and got pregnant and had a baby. Would you wait it out or just sell now knowing you more than likely will be selling it in 2 years anyway?
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Posted 5/14/07 12:32 AM  |
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sunnyplus3
:)
Member since 11/05 8749 total posts
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Re: What would you do?
it sounds like living closer to your mom makes alot of sense. do you like the area your mom lives in? would it be a big deal for your DHs commute?
Are you sure you can sell your house for enough profit to getting something that is really bigger?
only you can decide, but it sounds like it might be a good plan to try to sell now.
I think the housing market in 2009 will be awful.
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| Posted 5/14/07 6:14 AM |
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LIMOMx2
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Member since 5/05 24989 total posts
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Re: What would you do?
Posted by KellyFG
it sounds like living closer to your mom makes alot of sense. do you like the area your mom lives in? would it be a big deal for your DHs commute?
Are you sure you can sell your house for enough profit to getting something that is really bigger?
only you can decide, but it sounds like it might be a good plan to try to sell now.
I think the housing market in 2009 will be awful.
Good ?'s. Suffolk really isn't that much cheaper.
Kelly - What do you mean by awful? The houses will cost more or will drop a lot?
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| Posted 5/14/07 7:23 AM |
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Re: What would you do?
Posted by 5ofClubs
Kelly - What do you mean by awful? The houses will cost more or will drop a lot?
I'd like to know too- DH and I are tossing around the idea of moving back to LI from Putnam at some point (if/when we have another baby). I'm always interested in opinions/projections from people who know more about the market than I do (which is like, everyone  )
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| Posted 5/14/07 7:33 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: What would you do?
its just my opinion based on past cycles I've followed & all the articles I've read in addition to the new president ( really no good posibilities there) & the way the economy may go after the election/post war. I think inventory will be much higher than it is now & the real effect of the foreclosure situation will be happening. I think it might be a really good time to buy in 2009, but not sell.
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| Posted 5/14/07 7:49 AM |
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LIMOMx2
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Member since 5/05 24989 total posts
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Re: What would you do?
Posted by KellyFG
its just my opinion based on past cycles I've followed & all the articles I've read in addition to the new president ( really no good posibilities there) & the way the economy may go after the election/post war. I think inventory will be much higher than it is now & the real effect of the foreclosure situation will be happening. I think it might be a really good time to buy in 2009, but not sell.
Thanks We would love to sell and buy a bigger house either this yr or next.
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| Posted 5/14/07 8:17 AM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
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Re: What would you do?
If you want to sell this year, you need to get on the market ASAP. Summer is dead, and while this Fall may be better, last Fall was a complete bust.
It's a great time to buy, but a lousy time to sell. If you can stay put for a few more years, I would. Or if you can expand in a year or so, I would consider that, esp. if you love your town.
Maybe I'm not the best person to ask--our place has been on the market for 10 months, and I'm very bitter about the whole selling process at this point.
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| Posted 5/14/07 9:44 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: What would you do?
Well you will definitlely be able to get more for your money in suffolk, but the market is very tough right now.
Also you have to be careful, if you have only lived there for a year you might be stuck with capital gains tax.
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| Posted 5/14/07 10:13 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: What would you do?
Posted by KellyFG
its just my opinion based on past cycles I've followed & all the articles I've read in addition to the new president ( really no good posibilities there) & the way the economy may go after the election/post war. I think inventory will be much higher than it is now & the real effect of the foreclosure situation will be happening. I think it might be a really good time to buy in 2009, but not sell.
ITA- we have pushed back our plans to buy until the end of 2008-
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| Posted 5/14/07 10:19 AM |
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