Nope. I intended to stay there for years and really love the house. I sold because of a job change and relocation.
I seriously considered keeping the house and renting it out. However the math really doesn’t work. Even though I have a nice 30 year fixed mortgage, I’d be feeding the alligator to the tune of $800 to $1000 a month.
The good thing is that I held out for more money. I did not sell under pressure. I had a number of offers that were 5 to 7% below what I paid for the house 2 years ago. The realtors were pressuring me to take these offers.
The only reason I got the price I did was because the house is in such good shape (thanks to all of my weekends and $25K).
It is hard. I knew that, financially speaking, it made sense for me to sell for whatever I could get. I just had issues letting go of the house I loved for less than I paid…..especially given all of the press about people making money hand over fist.
I read sites like these because they make me feel better about selling. 😉
