Actually, I'd reread the Habitat for Humanity sales agreement first to determine what options you actually have. While I'm not familiar with HFH homes in North Carolina, I do know that here in California, a HFH home canNOT be sold on the open market prior to a specific period of time elapsing--usually 25 years. If you wish to sell before the 25 year mark, you must resell the home to Habitat for Humanity and they will give you money back on the home plus a small increase usually tied to some index or formula. If this is the case in NC, selling the home back to Habitat will alleviate the stress of trying to sell it yourself and the extra miles on the road.
Since you've obviously only owned the home for a few years, talk with your local Habitat office about buying the home back. Again, check the stipulations of your sales agreement to ensure that you do not in any way violate the terms of the sale or cause yourself further stress.
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA
If you do not receive a clear answer from your local Habitat for Humanity, then call the national headquaters. Explain your commuting problem in detail. They will understand that you have a compelling problem that makes your move a necessity & will assist you. Habitat for Humanity was created to help those in need. They should be willing to help you sell your home, so that it helps another person in need.
Habitat here have what they call "First Right of Refusal" if I am quoting them right. What that means is that if I find a buyer they submit a written statement that they wish to buy my house for x amount of money. I then have to submit that to Habitat and they can either refuse it or back it back from me. I wish they could just buy it back like you mentioned.
I only have three options:
1. Find a buyer
2.. Refinance (I need $20,000+, which I don't for that)
3. Let it foreclose
I want to do the number one choice.
Assuming that you are selling your "For Sale By Owner", Mimi is exactly right. You have a limited amount of places to market your home and an even smaller pool of buyers to appeal to. Hiring an agent to market, handle showings, provide advertising, and keep you update about the market may be the best choice for you. Consider interviewing a few agents to determine who will provide you with the most aggressive marketing plan and the most experience. My team has sold over 3,000 homes in the Triangle Area and would be excited to speak with you further.
Kelly R. Smith
Triangle Smith Team
Weichert, Realtors - Columbus Associates