This last Sunday the Boss and I stopped and looked at a house for "short sale." The owner had moved and owed more than it was worth on today's market. It meets our criteria of downsizing. It does need some relatively minor work, but for the right price we'd go for it.
We now live in a place that is 2X the size we need. We bought this place to have room for aging parents. Now both children are grown and out, and only the 90 year old father-in-law remains. When something happens to him we plan on moving. If we should run into the right place, we'll but it now.
So why not buy the house mentioned above? Maybe it has something to do with the big tree that fell on and partially destroyed the roof. The owner nor the lender has insurance on it. Looks like we'll still be keeping an eye out.
Thursday, August 11, 2011
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