My House is Worth What?
Well, we had the true test today. Our realtor came by and checked out the house. I pretended I was on TLC or HGTV as we walked through the house, talking about what improvements we’ve made in each room and how much better the house looks from when we bought it almost three years ago. He was pretty impressed with the way the house looks, and seemed pretty optimistic he could sell it for us and we would do well.
After he checked out every room, I asked him what he would list the house at. He said he’d list it around $14,000 more than we paid for it three years ago. He’d get the 6% commission fee, appliances, cost of materials, but not the labor back for us. He seemed pretty confident that worst case scenario we’d walk out of here “whole”.
I am leery. I know that the market is not fantastic but on the other hand, we are in a good price point for first time home buyers, the house looks really good, and it’s in a really desirable location. It just seems like what he said would be too good to be true.
To be honest, the thought of selling my house, the house that I’ve poured blood, sweat, and tears (MANY tears!) into is finally becoming home to me. It’s mine. The thought of selling it really makes me sad.
Not to mention that we’d be moving to Michigan and who knows what would happen. The unemployment rate up there is so high, the real estate market sucks, and it’s a depressed area. What if we moved up there and Mr. Money lost his job or something happened? That would be horrible.
I have no idea what we’re going to do yet. I think we need to sit down, make a list of pros and cons, and try to come up with a conclusion. I’d hate to lose money on the house because we’ve paid so much in interest, appliances, and to fix it up.
What do you think- should I stay or should I go? Should I trust the realtor more?
image from Susie