(Closed) Having to sell a house on top of planning a wedding?

posted 7 years ago in Money
Post # 3
Member
5 posts
Newbee
  • Wedding: October 2010

phew! that’s a tough one!

have you sent out save the dates/invites for your wedding or reserved a venue?
if not, my first suggestion is to postpone the wedding!

Here are a few reasons I say that:

1. Because even if you place your house on the market in March, with the way real estate is now, you would be lucky to have it sold by July. In fact, I wouldn’t expect it to be sold in less than 6 months. A couple of my friends have been selling nice homes for 4-5 months now, and buyers don’t really have much incentive to buy. Many people bought during the Tax Credit period last year and many others are still scared of losing their jobs, scared of the fickle economy, so it’s tough. I also have a friend who is an accountant, and he would like to buy a home instead of renting, but he said he’s waiting and he’ll start looking maybe this summer.

2. You don’t want to be in debt! EVER. Weddings are expensive, and you will wind up even more in debt that you will not enjoy your wedding. I am sure you would like to enjoy your wedding and your first year of marriage to your new husband, so getting rid of debt is a priority here. For you, that means selling your house is a priority.

If your wedding date is set in stone and you’re still planning on selling the house and planning the wedding for July, here are things that might help you:

1. http://2000dollarwedding.com/ This blog is a wonderful resource for having a budget wedding, asking your friends and family to help, and not falling into the 
Wedding Industry Complex that makes people stress about things that later you’ll realize are not even that important. This site is a great de-stresser, it makes you realize that the actual wedding is not as important as your marriage to the person you love, and that most things that stress the bride, wedding guests don’t even notice. For example, if you ordered chicken parm, and the caterer by mistake made chicken marsala, only YOU would know the mistake, the guests would never think twice about it!

2. Create a wedding file! Google documents with all the spreadsheets that you can share with your fiance (who should help you with wedding planning). Create a 4 month planning calendar, and one thing a day you plan on accomplishing. Leave weekends for catch up if you didn’t do something. 

3. Go ahead and list your home as a “Sell by Owner” now. If people come look at it, even if they are not interested, they can give you tips about what else you should do before you officially list it in March.  Get a realtor to come out and give you some tips as well! Less is more, try to clear out some furniture when people are coming to see it, they want to look at the space, not the furniture. Check out HGTV for House Selling tips! Don’t change too much, some people like a project; I bought my home with a horrible aluminum kitchen backsplash because I knew I would be putting a new tile backsplash in. I am glad the previous owner did not put tile up because I might not have liked it and tile is not easily removed!

And remember to schedule a day where you don’t do anything! You need a day every week or two to just relax, get a pedicure, go for a walk….

I hope that helps some!

Post # 4
Member
1326 posts
Bumble bee
  • Wedding: October 2011 - Tre Bella, Mesa, AZ

We’re in a similar situation, but my Fiance is trying to sell her house (I live with her) because we both want to move out of Arizona. She bought the house with her parents as an investment prior to us dating, and her parents don’t support our relationship (even after five years), so there’s no way we want to be financially tied to them after marrying. That being said, our house is in a neighborhood with tons of foreclosures, and there’s no way we can sell in the next 5 years without short selling (what she’s working on now) or selling under value and taking on the remainder of the mortgage, but we’re going to sell regardless because of the parents situation.

I know it’s not traditional, but you could also ask your Fiance to help you plan the wedding. I am planning the wedding, and my Fiance is concentrating on the house. I can’t imaging having to do both.

Hang in there!

Post # 5
Member
6015 posts
Bee Keeper
  • Wedding: March 2012

My house has been siting on the market since November 1. yippee.  We are actually going to start looking into renting, but seriously if someone can afford what i need in rent they can afford the darn house. 

We may have to look into short sell or something.  It’s a great little house and if he hadn’t had the HUGE job opportunity in another state, we would have been working on my house now.

orangepeel gave some great adivce!

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