I forget if I mentioned it here, but my wife and I have decided that we need a major overhaul of our expenses due to the fiasco of our contractor screwing us over, downsizing to one income, and the added expenses of having triplets. To this end we are going to sell our house and move to a much more rural area where we can get a bigger house for almost half the cost of what our current house is worth. This little move will do the following: 1. Wipe out our second mortgage completely, 2. Pay off a huge amount of our credit card debt, and 3. Lower our monthly expenses by $1000 or more per month.
We don't plan on this next house being the house we retire in, but it's going to be an important transitional house that will allow us to get our finances under control and ready to meet the demands of the future. We would like to be able to move sooner than later, but I don't see our current house being ready to put on the market until March 1st at the earliest, although I wouldn't be surprised if it took a bit longer. We paid for a home inspection to see what are house looked like from the eyes of a potential buyer so that we could get those things fixed ahead of time. We are almost halfway to what we need completed and then it will be selling time. Once we're ready, we will then start looking more seriously.
I've been fighting a cold and I really need more sleep than I've been getting, so I should probably turn in. Hopefully I'll have more real soon.
1 comment:
Sorry to hear you'll be giving up the house you put so much work into, but it's the smart thing to do. And it's good to do while the kids are so young also should you stay in the new one for any length of time, you know? Best of luck with that.
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