First, I wanted to thank all of you for your advice so quickly!
I suppose you're right, Todd. Now that I think about it, it's relatively worthless... if we don't sell the house... we can't finance (just out of our comfort zone). I suppose the best it can do is 'scare' others off that they might not get it because of someone else.
We're doing all we can to sell the WVC house... we just listed it today, checked the comparables, and priced it aggressively. I don't have the MLS to post, yet... but I've created a website for it (in addition to all the other sites/bookmarks/MLS pages that will go up) and I've attached it as a web reference. It'll be populated when I receive all the marketing info from my agent.
First, I'd like to thank everyone for their responses. I really do appreciate your assistance during this crazy time for me. Especially since the comments are across all considerations.
1.) The cost of gas does have a factor on my decision. Living in PC isn't much further than I currently drive, though (West Valley), and I have a Master's swim group I do in PC currently, so I'm probably saving gas by moving up there in the long run... but nothing could beat hopping on a bike every morning and riding to work (and back). I had an apartment in the Sugarhouse area and I walked or rode or bussed to work every day. That's big...
I am a computer programmer... so bad weather days I can stay home... so that's nice...
2.) Lifestyle is VERY important to me. Living in WVC just doesn't 'sing' to me and I'm very unhappy living there. Living by a park... by the mountains... etc.. that would make me happy :)
3.) Our credit is sterling, so I shouldn't have a problem with that. *wipes brow* Thank goodness my Dad drilled that into me when I was young.
4.) Each day that goes by convinces me more and more to not buy a house at this stage in life. Maintenance, repairs are going to be a fact of life with the older houses in Sugarhouse. Plus, a house will probably have double the sq. ft. of a condo and we're two small people! :) Less of a chance to packrat.
5.) I was told to 'buy a little more' now. I don't want to go in over my head like so many others, but we'd sacrifice a few toys for a little more in the way of location, rooms, etc. I guess it comes down to what would be a better investment over 5-6 years... I'm not opposed to making it a vacation home or renting it out, long term
Well, thanks again for your feedback... If I can think of anything else, I'll post it.. - Fri Jun 27 2008, 10:01
That's the key. While I do plan on marriage in the next few months (yikes!), we don't plan on children for 5 years or so. The biggest factor that wasn't as apparent, but is now, is the time commitment. In preparing my girlfriends home for sale... I've done more work on a house than one should ever need to do in a months time!
The condo appeals to me in a, "You don't have to mow the lawn, worry about things breaking, and 2500 square feet of space to fill with junk" kind of way... but with the market the way it is, I want to make sure a condo in PC is a smart move right now.
What would a typical HOA cost for a condo in the Redstone, Bear Hollow area?
I'd love to see information on the market. subscribe at deucecactus dot com is my email address. - Thu Jun 26 2008, 21:36
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