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Selling A House Now

Posted on 3/16/20 at 3:49 pm
Posted by elprez00
Hammond, LA
Member since Sep 2011
29456 posts
Posted on 3/16/20 at 3:49 pm
So I’m currently trying to sell my house. Considering building but needed to sell first.

Am I insane for trying this now with all this crazy shite going on? My concern is I sell quick and then the world shuts down and my house doesn’t get built in a reasonable amount of time. Then I’m stuck in a worse situation in a rental property that’s likely considerably more expensive than I’m paying a mortgage right now on and I’m not building equity.

This sucks
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6569 posts
Posted on 3/16/20 at 3:57 pm to
Do you live in an area that heavily relies on oil/gas income?
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119668 posts
Posted on 3/16/20 at 4:54 pm to
It's a sellers market. If your buyer is going to have a job over the next few months.

Going to be putting mine up for sale soon, my build should be done in July/August. I am worried about a recession both for selling my home for a good price, and finishing my build and getting a good mortgage rate.
Posted by way_south
Member since Jul 2017
820 posts
Posted on 3/17/20 at 9:58 am to
We're in the same boat with selling and building. I have a family member who is a real estate agent, and her very busy schedule is clearing up quick. She has had contracts cancel, people who are selling decline to show to buyers because they don't want people in their house, all kinds of issues cropping up. We are moving into our rental, then listing our place when it's vacant and will see how it goes. I'm considering keeping my office in this house to work, so that'll be the extent of what we have here besides boxes in the garage that I can move nightly if we get under contract.
Posted by Grassy1
Member since Oct 2009
6265 posts
Posted on 3/17/20 at 1:43 pm to
In the permit stage here of building here.

Wondering how the building material supply chain will be affected.
This post was edited on 3/17/20 at 6:05 pm
Posted by BayouBengalRubicon
Baton Rouge
Member since Dec 2019
385 posts
Posted on 3/17/20 at 2:44 pm to
I put a contingent offer on a house March 1st, house hitting the market tomorrow. Going to be one hell of a ride!
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