Asked by Bd, 48237 • Thu Jan 31, 2008
Hi. I live in Oak Park, MI (48237). My house is currently listed for $135,000 which is what I owe on the house. I love my house but I want to sell and move to a better neighborhood with better schools. The schools in Oak park are terrible. A friend of mine would like to purchase my house on land contract. I have found a house in Beverly Hills, MI (48025) that I would like to buy. The house is smaller than my current home, is in ove in condition and has an execllent school system. If I purchased the house in Beverly Hills, MI, my monthly expenses would increase approx. $350 a month which is less than if I put my son in private school, plus I get to write off the property taxes. I feel that if I don't sell my house now on land contract, that I may have to wait approx. 5 years before I will be able to sell my house for what I owe on it. My question is should I go ahead and sell my house on land contract or should I stay put and pay for private school for my son?
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