andipandi said:Near Alys and Seacrest area. No disrespect but we would like to sell it not give it away.
Pirate said:Just an observation Andi. When you bought this home I assume you weren't planning to move to the area immediately. I realize the market is down and may go down further but this really is only a problem if you sell. The market will come back although it may be a long time. Why not put the house on a rental program and see if you can cover some of your expenses with a fixed mortgage? It would be worth the time to look at the numbers anyway. I realize the rent won't cover the expenses but it may make the bleeding tolerable in the meantime and you may not have to make any adjustments.
I feel strange being so positive.
Hi..can you provide the listing details and pics. I'm looking..right now just looking..thanksandipandi said:No, we strictly bought it as an investment. Kept it for a year--that has been the biggest mistake!!!! Has been for sale most of the last year. Reduced the price $225K in that time. It will not rent as a short term without a pool. We do not want the agony of a pool. Rentals were down this year anyway.Thanks for the suggestion. We will probably open it up for long term rental soon. It is just like new , so immaculate we know it will be damaged. But at this point we must make some changes. Once we convert to a fixed the payment will skyrocket. It is already a nose bleed payment.
Spencer said:I went to an absolute auction in Freeport tonight of 40.5 acres that allowed for 80 units. It sold for 700,000. Maybe 50-60 people, about 4 or 5 bidders. Winning bidder was a call in.