I met with my Realtor last night to place my condo back on the market. Obviously, it’s NOT a good market to do that, but I never realized HOW bad. It’s worse than I imagined. I purchased it in 2006 — completely renovated with everything brand new (sans furnace). My market analysis reports that no unit that was placed for sale or that is under contract is selling remotely near even what I paid for it. There was actually a unit similar to mine that was obviously (or hopefully) an REO or sheriff’s deal that sold for almost $20,000 less than what I chose as my sale price. My sale price doesn’t even cover what I currently own on the mortgage, which essentially means that I could be forced into a short sale or have to pull $12,000 out of my other ass. Oh, and then replace that stinking furnace too.
Or I could suffer for another year or two in fucking Rocky River until the market may (or may NOT) get better. I mean, realistically, IT COULD GET WORSE!
I don’t have any regrets in my life (No, really, I don’t). This is not one either. I just wish I could pick up my condo and put it in another place. But I’m about to get royally fucked sideways and backways when and if this thing sells. It’s so depressing and stressful. I feel like my life is draining out of me because I’m just stuck here. I obviously never thought I would stay here FOREVER… and in the grand plan, what’s another year, right? Meh. I still may consider moving before it sells. And I really hate when I acquire this apathetic attitude. It’s not good for my energy. Think like the fish… think like the fish…
I wish I could go back to 2006 Mel and kick her in the ass. And while I’m there, I would really like to warn her about these loser guys she shouldn’t waste her time on.
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August 27th, 2008 at 9:00 am
You could move and rent it out. That could work if you desperately wanted to get out right this second.
August 27th, 2008 at 1:26 pm
the mortgage crisis has long arms… dont worry Mel, it will work out.
August 27th, 2008 at 2:48 pm
How about a road trip to make it all better?
August 28th, 2008 at 7:40 am
Wait if you buy a condo you get royally fucked backwards and sideways?
I’m in.
August 28th, 2008 at 8:08 am
Yes, Narm. And sometimes you need to take it in the ass.
August 28th, 2008 at 2:39 pm
I got screwed when I sold mine. Normally people are excited when they sell. I nearly punched a wall.