Talk about being in the wrong place at the wrong time! That's how I would describe our situation when we bought our Colorado home 6 years back and even now when we've put it up on the market. We started looking for a home at the peak of the housing market bubble - little did we know that we should have maybe waited for 2 years for that bubble to burst. It's not that I regretted buying a home! Most Indian's that I know are very calculating, waiting for years to buy a home either because they follow the market or wait to get more stabilized in this country like getting a green card! But we're more like mavericks, we do things when we want to. I love the way my husband lives his life - so spontaneous! He enjoys what he has, when he has them as opposed to me who whines most of the times about things :) So like everything, I am upset on the fact that we will take a loss on my first house when we take the company offered buyout offer next month!
Our house went on market in Mar 2011 and we have 4 months to market it before we can accept the buyout offer by the company. Granted that the buyout offer that came with our relocation package is kinda a saver in the sense that we don't have to own the liability of the house now that we moved to Texas but still it's very low compared to what we bought the house for, forget about the additions that we did! We've had so many showings but not a single valid offer - it makes me think if we were stupid to buy the house in that location ? or the house that we loved so much and were proud of, is it not really that great ? or we're just unlucky to not have many people come through who'd like to stay in that area! More importantly, I wonder if we made the same mistake when we bought our Texas home ? DH never thinks so much, he moves on and lives his life but unfortunately that doesn't come so easy to me :(
Our house went on market in Mar 2011 and we have 4 months to market it before we can accept the buyout offer by the company. Granted that the buyout offer that came with our relocation package is kinda a saver in the sense that we don't have to own the liability of the house now that we moved to Texas but still it's very low compared to what we bought the house for, forget about the additions that we did! We've had so many showings but not a single valid offer - it makes me think if we were stupid to buy the house in that location ? or the house that we loved so much and were proud of, is it not really that great ? or we're just unlucky to not have many people come through who'd like to stay in that area! More importantly, I wonder if we made the same mistake when we bought our Texas home ? DH never thinks so much, he moves on and lives his life but unfortunately that doesn't come so easy to me :(
June 2, 2011 at 4:36 PM
dont worry yourself..atleast you have the buyout offer..even if its money down the drain..its peace of mind. we otoh are doomed :(