| California Screamin' ?
June 29, 2005
To sell or not to sell
This new real estate blog is debuting at a pivotal point in my personal homeownership history.
After years of real estate-related angst -- Can a family of four live comfortably in 1,200 square foot apartment with two small closets? Can the value of our place really climb much higher? Can we possibly add the hassles of moving to our already chaotic lives? Can we bear to have one more conversation about any of the above? -- I think my husband and I are really going to sell our apartment.
At least we're going to give it a half a try. What is propelling us to finally make that momentous decision (I know, 7 million families sell their homes in America every year), is that our neighbor is selling his place.
The real estate broker he signed on thinks that he may be able to sell the two apartments together for someone to combine. We told him to give it a try. In New York City, where large apartments fetch a premium price, apparently one and one really can make three.
At least sometimes. Will it work for us? We'll soon find out. Stay tuned.
Amey's adventures in real estate
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Good luck on your transaction and good luck on yournew blog! We'll be watching.
Posted by: Frances Flynn Thorsen at July 1, 2005 02:02 PM
I question a sale unless you plan on moving in with your parents.
There is a factor called "life style" and unless you plan a significant change, where will you live?
The cash in your residence should be considered illusory, and with a family to tie you down, I would think this over most carefully.
In twenty years, the prices will probably be a multiple of current highs.
The only property transactions I regret are the sales I make without a good reason, not just a quick profit.
Posted by: Paul Leonard at July 3, 2005 06:15 AM