House Status

Over the course of the past 18 months we’ve done about as much as we can do to sell this house.  If the market could be any worse I do not know how — the houses that sell are either so deeply discounted they are sold for less than half their value, and the others are houses that have been taken by the bank/foreclosed.  Still a third category are new homes, sold below cost by builders just trying to make payroll costs.  Crazy market, crazy times.  Over this year and a half we’ve had to replace the heat pump, house water softener system, and the pool pump/filter.  The latter two were chump change compared to the heat pump.  Not what we were expecting to do during this first full year of retirement!
We have everything otherwise packed and put away, painted and repaired that needed to be done and are looking now at a few other options.  The first is renting.  I have a rental agent coming to the house next month who believes we can rent almost immediately.  It is the one thing we really did not want to do because of all the horror stories heard about what some renter do to your home.  Especially if you are not making enough to even cover the mortgage having to put out additional funs to repair what others do to the home does not sound or feel like the right thing to do — but it might be what we need to do.  Another option is to rent out the property  to vacationing families as they visit the area.  This is more appealing, it becomes more of a B&B but would require us to stay closer to maintain the house between rentals – on the plus side you can rent for much more for shorter periods.  Our contract with our current realtor is up at the end of September and we are off to New York in September and then Kentucky in October through December, so we have a few months to play with some new options.  I think that beside the traditional summer vacation months, early Spring would also be a good time for travelers to Nashville!

About bauernfeind

NYC Born 27 years USAF retired Major 21 years teaching/17 in a high school now retired
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