My House In Maryland Is For Sale, AND...

ChuckG · 09-27-2008, 06:20 PM

I'm ready to move to Florida ASAP.

BUT.....I have several obstacles still in my way.

First, have to sell the house in Maryland, and the Real Estate market stinks up here, but not QUITE as much as it does in Florida. Looks like we'll take an 80 to 100K hit on the price.

Second, I'm still trying to sell my business/practice. I've had NO inquiries after having it listed for nearly 8 months. My contract with the broker runs out in February.

The house in Florida has been completed for several months. We just got back from a quickie trip down there.

SO...keep your fingers crossed for me.

Couldn't be a WORSE time to try to sell a house with the real estate meltdown, the mortgage mess, and now the "related" 700 BILLION rescue plan.

Also, the stock market has taken a 3000 point hit over the past several months. My timing sucks.

Here's a link to the listing of my house in Maryland, if anyone wants to check it out.

http://www.marbykelly.com/

Mine is the house at 2113 Hampton Court, Fallston, MD.

Chuck

Shadow · 09-27-2008, 10:14 PM

Chuck,

Good luck with the sale of your home and the business.

It's a tough time but you'll never regret the move

ChuckG · 09-28-2008, 05:59 AM

Quote:

Originally Posted by Shadow

Chuck,

Good luck with the sale of your home and the business.

It's a tough time but you'll never regret the move

Thanks. I think I'll need more than luck.

I'll need a miracle. Never really expected to sell the practice. The $$ from any sale never figured into my retirement plans. I can pull the plug at any time.

The house? NOTHING is selling. Even qualified buyers can't get financing. Then there's the eternal problem of a potential buyer wanting to buy a larger house, BUT has to sell his house first.

It's an absolute mess. If the house doesn't sell, we're seriously considering renting it. Don't want to do that, but..............................

Chuck

Shadow · 09-28-2008, 10:35 AM

What about a qualified buyer and a lease option?

ChuckG · 09-28-2008, 10:48 AM

Quote:

Originally Posted by Shadow

What about a qualified buyer and a lease option?

Yep, that's a possibility.

Chuck

Lou G · 09-28-2008, 01:06 PM

I feel your pain Chuck. We are all in the same boat. Some of us have more or less paddles. We just need to hang in there. Unfortunately I am not very optimistic about this bail out and how long it will take to get the economy going in the right direction. My biggest concern is that the people who created most of the problems are going to watch over the solution.
I think we need business people, rather than legislators, to come up with an answer. What a mess.

However, I am blessed to live and be a citizen of this country and to enjoy the liberty it provides. Came to the U.S. 52 years ago with nothing.
There are so many that have so much less than what we have.

Coastal · 09-29-2008, 04:20 PM

Quote:

Originally Posted by ChuckG

I'm ready to move to Florida ASAP.

BUT.....I have several obstacles still in my way.

First, have to sell the house in Maryland, and the Real Estate market stinks up here, but not QUITE as much as it does in Florida. Looks like we'll take an 80 to 100K hit on the price.

Second, I'm still trying to sell my business/practice. I've had NO inquiries after having it listed for nearly 8 months. My contract with the broker runs out in February.

The house in Florida has been completed for several months. We just got back from a quickie trip down there.

SO...keep your fingers crossed for me.

Couldn't be a WORSE time to try to sell a house with the real estate meltdown, the mortgage mess, and now the "related" 700 BILLION rescue plan.

Also, the stock market has taken a 3000 point hit over the past several months. My timing sucks.

Here's a link to the listing of my house in Maryland, if anyone wants to check it out.

http://www.marbykelly.com/

Mine is the house at 2113 Hampton Court, Fallston, MD.

Chuck

Good luck with selling. Are you in an area with that is prime for corp relo? And is your house in the category that a relo exec may be looking for? If so, you are in better shape than most people trying to sell.

However, you picked the absolute worst time to list it. Not only are we dealing with the current housing inventory and credit crunch, but this time of year is always the slowest with only those who have to move moving. If you could have waited for January, would have the best shot.