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House selling blues

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Newlease posted 10/15/2013 11:44 AM

I got em.

Had a good friend who owns a Home Inspection company come by and do a verbal inspection of my house yesterday. He found a bunch of small stuff that I can do myself/with SO's help.

He also found that I need a new roof (but it looks like hail damage, so called insurance), a bunch of plumbing problems in the crawl space under my bathroom, and mold in my attic due to lack of ventilation. I have already taken out a CC at the local big box store to do some minor repairs, and I am very strapped for cash.

I'm thinking about taking out a Home Equity Loan to finish up all the repairs, but that would definitely dig into my profit. I've lived in the house for 5 years and have built up about $10,000 in equity but I was going to use that to pay off other debts.

Oh, and had another friend check out the market (she's a listing agent) and most the homes in my area with the same footprint have sold for around $10,000 less than what I bought my home for.

And, not to get political, but this impending debt ceiling fiasco has the possibility of sending interest rates up and the housing market may become even more bleak.

Yep, house selling blues, I got em.


jo2love posted 10/15/2013 18:14 PM


Sending house selling mojo.

nowiknow23 posted 10/16/2013 11:18 AM

I remember those blues, honey. Hang in there. (((((Newlease)))))

foreverempty posted 10/16/2013 14:11 PM

Sending some positive encouragement!

Newlease posted 10/16/2013 16:09 PM

Well I got a check from my insurance company but with a $1,000 deductible and some depreciation, not enough to redo the roof.

Call my credit union but since I was honest that I had moved in with SO, I can't get a refinance or a home equity loan because it is not my "primary" residence.

I keep trying to think of different options and not get down about it, but it seems like every turn is a dead end.

Maybe this is the universe telling me not to move in with SO????


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