(Closed) Should I Sell My Home?

posted 6 years ago in Home
Post # 3
635 posts
Busy bee
  • Wedding: October 2012

Keep your home if you have even the slightest inclination to do so. I wouldn’t sell until I was married for a while and he was working/contributing. I agree, it seems really odd. He’s not in a position to complain about the home you’re providing.

Post # 4
14337 posts
Honey Beekeeper
  • Wedding: June 2011

How much would your mortgage vs rent be?  If rent wouldnt be significantly less, I wouldnt sell to rent and put up with being a little cramped to save up a bit more.

Post # 5
5075 posts
Bee Keeper
  • Wedding: October 2012

Don’t sell your house. 

“maybe we will own a home together in the future” seems really odd to me  

Post # 6
2106 posts
Buzzing bee
  • Wedding: September 2012

How many square feet is it? I would have him move in and offer to sell once you’re married/he’s employed. The market hit a bottom about 6 months ago and is level/steadily improving. In NYC, you’ll always find a buyer. 

You can always rent a small storage unit if you have too much stuff for your small space. 

Post # 7
8219 posts
Bumble Beekeeper
  • Wedding: August 2012

I personally wouldn’t sell unless your rent payment would be drastically lower than your mortgage.

Post # 8
5670 posts
Bee Keeper
  • Wedding: August 2010

I wouldn’t sell to rent unless you are going to save a significant amount of money that you could put towards a house. Another option might be renting our your apartment, have you considered this? In NYC you might be able to make rent to cover your mortgage and then some and then if you moved into an apartment the expense wouldn’t seem so bad and you still own a property if you need to move back.

Post # 11
5423 posts
Bee Keeper
  • Wedding: November 2012

If you sell would you make a profit? And are there things out there to rent you like?  All things to consider…

Post # 12
4466 posts
Honey bee
  • Wedding: June 2010

In NYC, you’ll always find a buyer.

Not true right now.  My husband and I have friends who’s apartments were on the market FOREVER before they could sell them.  

I’m a renter, but I would NOT sell your place.  Squeeze in there and deal with it until he can get a job.  My husband and I have lived in 425 square feet together so you will survive 😉  It seems to make no sense to pay a mortgage and a rent, or to get rid of something you own and put a down payment on to rent somewhere else. 

Post # 14
13099 posts
Honey Beekeeper
  • Wedding: July 2010

@mimi123:  “I would actually lose quite a large chunk of change because of the market cratering.”

Since there is nothing forcing you to sell (job change that takes you away from NYC, unable to pay mortgage, etc), the fact that you would lose a lot on the sale is a big reason to me to keep the co-op.

Post # 15
340 posts
Helper bee

I am 100% on your side. You own and he rents. He needs to live with you until you two can afford something else. If you sell in this economy you could suffer a loss depending on when you purchased. Also, in the future you two could always rent your apartment out so you have a rental income and can purchase something else once he gets a job again. I think his pride is getting in the way.

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