Yikes, that really painful! If we sold now and are lucky to get what we paid for 575K, we’d have to pay up to 10% in sellers fees – 57,000. Since we put only 5% down we’d have to show up with about another 27K – which we have in the bank, but that’s almost ALL our liquid savings, the rest is in 401K’s and mutual funds.(You might ask why we didn’t put down more- I don’t know either – it seemed to make sense at the time) So even if we wanted to buy in 2 years, we wouldn’t have 10-20% to put down to buy low. I don’t know that we could save that much – maybe. I just don’t think I could talk him into giving away 27K in cash because he really believes the market isn’t going to tank. I will try to get him to see reason, the tax data might work. Someone asked why we moved here, it was because of a great job opportunity for my husband – both salary and work. responsibilites.
