Hola! Hope y'all had a great weekend and had a chance to celebrate all of the fathers in your life. Between a visit to the lake, family dinners and the pool with friends, I'd say we had the perfect weekend!
Alright, so I'm here today with an update on selling our old house. Although, it's not really an update... we're still at status quo. Womp womp. I know, right? There's really not much to share, but so many of you are so sweet to check in to ask what's going on and whether or not we've sold the house, so I wanted to update y'all on the dealy-o.
Here's a quick timeline recap of our house selling journey:
February 2012: David accepts his dream job, which just so happens to be 75 miles away.
April 2012: After a few quick updates (like repainting the exterior, making over our guest bathroom and tidying up our laundry room), we put the house on the market. It was a tough decision to list the house, since we thought we'd be in the house for at least ten or fifteen years. But that 75 mile commute was pretty miserable already, although absolutely doable while we waited for the house to sell. We started showing the house (here are a few of my tips for showing) full speed ahead.
June 2012: We had the house under contract. The buyer was concerned about the age of the HVAC and heating system and backed out during the due diligence period. It is true that they are older units, but they are in perfect working order now so there is no current need to replace them. We were frustrated, but... oh, well.
July 2012: We took the house off the market since I was about to pop pregnant.
October 2012: We put the house back on the market with a new realtor. I somehow managed to keep the house clean and ready to show with a newborn. David was still driving 150 miles a day... with a newborn. And without a lot of help (friends or family) in the town we lived in, life was, uh, well, stressful.
December 2012: My best friend visited from New York, saw how chaotic our life was and suggested that we rent a small house in the city while we continued to sell the house. David would be closer to work, HDawg could start the corporate daycare (it would have been too far for him to make the drive with David every day and we really didn't want to lose our spot on the waiting list because it's an amazing program!) and we wouldn't have to worry about showings. Hmmm. We immediately started crunching the numbers and realized that, with gas savings, it would only be several hundred dollars more out of pocket each month.
January 2013: We furiously visited rental houses in Atlanta to see what was available.
February 2013: We found "the rental house." David and I started packing up our house and we moved at the end of the month.
March 2013: David and I quickly realized a few things: a) how much we love living in the city, b) how important it was to be closer to his work/HDawg's day care and c) how happy we were with the move!
April 2013: The house went under contract again. We had a very picky buyer who asked us to fix a bunch of things (some electrical work in the attic, etc.) and we obliged. Even after we shelled out the dough for her requested repairs, she backed out of the contract during the due diligence period, deciding that she wasn't interested in an older home at all. Sigh. David and I start to wonder if all buyers in this market really just want a brand new home? Why doesn't anyone else see the charm and character in our sixty year old home? Sure, investing in an older home means that you have to spend money to keep the older parts functioning, but by no means is our mostly renovated home a money pit. WHAT is going on?
May 2013: The house went under contract again. Third time's a charm, right? A wonderful couple with three small children fell in love with the home, old parts and all. They were pleased with the inspection, understood the long-term investments they may have to make in an older home and were excited to buy. This was it. And then their financing fell through. David and I were, seriously, heart-broken. We thought it was a match made in heaven, like Justin Bieber and Selena Gomez. Clearly, it was not.
That gets you up to speed as to where we are today in this house selling saga. About a year-and-a-half on the market, three contracts and no sale. Which, yes, means a mortgage payment and a rent payment for us each month right now. I'm not going to lie, it's a tough situation to be in. Clearly, this is a hard financial decision. Obviously, David and I wouldn't put ourselves at risk financially, but the decision to move has crunched us a bit. It also doesn't help that we miss our beloved old home. It's crazy to us that it's sitting there, empty, with no pool parties this summer and no one enjoying that spa-like master bathroom. Thinking about it that way really makes us question our decision.
I am 100% certain that moving to the city and renting while we continue to wait for the house to sell is the right decision for us. David is so happy at work. And without four hours in the car to and from work every day, he is so much happier at home. HDawg is so happy at his daycare. And I'm so happy going to work every day (PS. my commute is shorter, too!) knowing that my boys are in the right place. David's company is a blessing to us, that's for sure.
And aside from all of that work jazz, we love it in the city. We have monopolized on every festival, park and restaurant in the vicinity. We're so much closer to friends, family... it's amazing. Yesterday morning, David, HDawg and I met my brother-in-law for a sort of spur-of-the-moment run at Piedmont Park. It was incredible- the park, the family time, all of it. And I savor every minute of it.
For those of you wondering about why our house hasn't sold, your guess is as good as ours. We are certain it's priced right (it shows ALL the time), we have made repairs and updates to sell and we really think it's a beautiful house. I honestly think there are so few people in this market who are looking for an older home... people want a turn-key builder spec home because it's easy. Clearly, that's not our jam, but we just have to wait until the perfect buyer comes along who agrees.
Soooo, this is a super long post with no new news. Sorry about that. I just know that some of you out there are in the same boat, trying to sell in this tough buyers market and knowing that so many aspects of your life are on hold as a result. So I wanted to share what has worked for us. Hopefully I will be back with an update that our house has sold in the near future.
Until then, thank you for keeping us and our house selling process in your thoughts and prayers! We're just holding tight, knowing that there's a plan going on by the big man upstairs. One day it will all pay off and we just have to have faith in that!