The main question that has come up during this process has been:
Why sell in this economy?
- Re-prioritization: we want Kimberly to be able to stay home with the kids, and with our mortgage payments that was not financially possible if we were to also live within our means (i.e. without debt).
- Even though we sold our house at a loss, the above reasons and the fact that our time in Michigan will expire when Archer finishes his PhD in a couple of years, we decided it was prudent to sell now.
The Miracle of How it Happened:
-May: We put the house on the market originally in May, had a lot of interest but no bites, and through a series of unfortunate experiences ended our relationship with our original realtor and regrouped.
- October: We discussed our options and the state of the market with a new realtor, crunched numbers, and decided to try again at a much lower price point.
- October 20th: Relisted the house.
- October 25th:
- Cleaned like mad for first showings and an open house. Prayed upon leaving the house: "Lord, please help someone who sees it today want to buy it. You can do this, and we believe if it is your will, you will!"
- Got a call that night with an offer way below what we could afford to do, and after a few days of negotiation, and to the surprise of our realtor, the buyer came up!
We moved out November 15th, closed on the 18th, and we are now continuing to unpack and declutter. We are praising God for His continual provision of a home and livelihood for us!
So.. downsizing from a 3 bedroom house with a full partially finished/furnished basement, 2.5 car garage and private enclosed backyard to a 2 bedroom duplex with a shared carport looks like this at the moment:
Needless to say we'll be decluttering next!
"[Do not] put your hope in wealth, which is so uncertain, but put your hope in God, who richly provides us with everything for our enjoyment."
1 Timothy 6:17
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