Can I sell my home if it sits on a family members property?
Amber Wilt
3 years ago
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Sell my house? Sell my KITCHEN???
Comments (33)AMG-roadter, I know your comment was to snowbaby but I had to chime in. You are so right the practical side is that Snowbaby is moving for an opportunity. This means she can make a beautiful kitchen in the next home. And in time can let these feelings go. The new owners can and should be allowed to do as they wish. But my sensitive side really understands snowbaby. I believe (I could be wrong) that Snowbaby accepts she is leaving the house to someone else. This is all part of moving. But she loves her kitchen so much, it has become a part of her. The sad part is the kitchen has become her baby. The planning, nuturing, excitement with each new peice, creating changes, colors, searching for the perfect granite, wood, cabinets, lighting, trim and the deep personal investment (not money) will be hard to part with. She enjoys just drinking a glass of juice and looking around her kitchen with happiness. Will she ever have a kitchen as wonderful as this again? Will someone love her kitchen the way she did and still does? The memories of her kitchen will always be with her. It may sound silly to some. It does not to me. When I look back at my first move ever. I was devastated to learn the people who bought my house changed everything I did. They ripped out the brand new carpet, hated the flooring, wall colors, and shared this with my old neighbors. I was sad but my DH reminded me we made a great profit and to let it go. I really loved all my old homes. I moved countless times. And the first move was the most painful. After that I became more practical. And now before I sell a home, I take out my favorite lights, or window treatments pack them all up for a new place and replace it all with a standard set for the new buyers. I would do well to live in Europe where I could pack up my kitchen every time I move. Maybe this explains a little how she might be feeling. I do not wish to speak for her just to sympathize with her position. ~boxerpups...See MoreSelling home to family member
Comments (9)Negotiate the fees just as you would with any other buyer. What's the norm in your area in terms of which party pays for what: ie owner's title insurance, mortgage title policy, the title company fees, etc.? That's what I would do. Personally I would INSIST the buyer have a home inspection since it's a family member. I would think the last thing you want to happen would be some problem unknown to you now showing up in a few months and creating a misunderstanding between family members. Depending upon the title company, they may be able to draw a sales contract for you. If not an attorney certainly can do this. Particularly with a family member I would want a written contract. The title company can then handle the details of closing....See MoreI hate my house: Should I stay or should I sell now?
Comments (16)I want to thank you all for replying to my post. It was very generous of you to take the time to help me with this decision. You all made some great points for me to consider. Looks like we'll be putting it on the market but I thought I would address some of the comments in your posts at this point: Play up what 'spoke' to us when we bought it issue: That's gonna be tough. I dare say I do hate EVERYTHING about this place: but I know that can't be entirely true. Mostly is though! I'll give it that it has a pretty good floor plan and a nice neighborhood. Period. Why did we buy it? Well we had a list of things we wanted the new house to have and this one had many of them, when we looked at the list on paper and put checkmarks next to it, it looked ok. i.e. 2 car att garage, 4 bedrooms, office, screen porch, playroom...Plus basically had the square footage we wanted for our family of 5, a nice quiet neighborhood, and was in the school district we were trying to get into, which was our #1 priority and could close in time (#2priority). That's about it. Nothing of the actual house itself spoke to us, other than to say" you'll need to fix this , clean that, update this, repair that"....ad nauseum. It had been neglected by previous owners and showed its wear and tear but we thought it had the bones to work with and once we put "our mark on it, it would be nice" and we'd be in a good school district. I remember saying that. We had left a lovely new house that I had drawn the plans for and needed nothing done but was in a poor school district. After the move I sunk into a very deep depression which I have been able with much effort to scratch and crawl my way out of but as a result I think I'll forever resent this hellhole since it robbed me of a couple years when I was depressed. We have done a lot of improvements and in fact it is considered by most (not me) to be quite nice. It is nice but I am too emotionally tied to hating it to ever see it as really nice. We could stay and continue working on it since there are a few mre things we'd like to do. The only thing is the more we do, though in a way it helps, in another way it just reminds me of what a mistake we made by buying it in the first place. The $30,000 lost issue: I think I was referring to the fact that the market has depreciated by that much here so I was seeing it as a loss IF we move but I agree with the point that it's actually already lost! I had never thought of it that way. Thanks for pointing that out. The can we afford to move question: I'd say that's the million dollar question. And the answer is a definite yes but with some caveats. We'll be paid off here within 9 years. Oldest will be starting college in 6 years. If we move, we'd need to go back up to a 15 year mortgage and payments would be about the same as now. Yikes, I am very frugal and paying a mortgage for an extra 6 years is a tough pill to swallow. Tougher even than the Prozac maybe! We have lots of friends who have lovely houses and 30 yr mortgages but I can't handle that, though we could have one S W E E T !!! house if I could. Not in the cards for me or my DH since I hate debt. a 15 yr mortgage again will be a little tough to take but less so than living here where I'm unhappy. And you know what they say: "If Momma ain't happy, ain't nobody happy!" Life is short issue: Sure is which is why we are planning on selling. It's a tough market and we're only willing to lower the price such that we can get a nicer place with a 15 yr mortgage. We won't go so low on price here that would necessitate us getting a 30 yr mortgage for any new place. That would definitely make me resent any new place such that I'd be in the same boat as now. Hopefully we'll get lucky and be able to sell with not too big a loss. So, have I mentioned that I have a lovely house to sell????? LOL...See MoreHow can I sell my house?
Comments (26)Catherine, You do not want to try to sell it for cash to an Investor. They will low ball you sooo bad, you can't sell it for that. Ask family to help put drywall up on the walls. See if you can get a Home Depot credit card. Then buy some nice neutral paint, like beige, and paint the walls. Have a painting party one weekend. Don't worry so much about the floors,you could have some nice cheap carpeting put down. DOn't feel weird about borrwing the money to make the house presentable! The payments will be low, and even though it will probably sell if the work is done, if you absolutely had to rent the house, it still has to be finished. Stage the house! Start packing now. Your moving! Pile the boxes against walls that don't have to be worked on. It's hard to do this all by yourself, but mabey friends and family can help you. Price your house after it's completed 10K under the competition. USE a fricking realtor if you want to sell it fast. It is worth every dime! Then pour your self a nice big glass of wine and relax. LOL! Look at the bright side, at least your hubby is working!...See MoreAmber Wilt
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