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We Are Selling Our House!

That’s right!  We’re Selling Our House!

We just put our house on the mHouse for sale signarket as the first big step in realizing our dream of moving abroad.  We agreed that keeping it makes no sense in light of our plan.

Obviously, we do have some concerns about selling now – who doesn’t?

The slumping US real-estate market definitely gave us a pause but many experts say that it has bottomed out and things are improving.  For example, yesterday’s article in The Wall Street Journal was encouraging (click below):

WSJ Article on Housing

Our strategy for selling the house to move abroad is simple:

  1. List the house now.
  2. Ask for a price we are comfortable with – we’re not hoping to make a ton of money but a little to offset what we’ve invested would be nice.
  3. Stay realistic.  We know that selling and getting a decent price may take a while.  We are prepared for it.  Even if it takes a couple of years, it’s OK.  We have time.
  4. Rent – once our property has sold, we will move closer to work and rent until we are ready to move abroad.

We know that this plan will require some compromises.  There are certain things we will likely have to give up.  On the other hand, we will be gaining quite a bit too.

[wpcol_1half id=”” class=”” style=””]
Giving up:

  • Fenced-in yard for the dog.
  • Total privacy.Nice deck with a large grill.
  • Freedom to decorate and paint as we see fit.
[/wpcol_1half] [wpcol_1half_end id=”” class=”” style=””]Gaining:

  • Major reduction in time we spend commuting to work.
  • No more repair costs.
  • Considerable savings of money on: taxes- transportation costs- repairs- utilities costs
[/wpcol_1half_end]

The savings we hope to realize break down something like this:

Real-estate Taxes

$200

Gas and transportation costs

$500

House repairs

$200

Utilities

$50

Total savings per month

$950

Total savings per year

$11,400

Assuming we sell the house this year, we can take the savings for the remaining 4 years of our 5-year plan and have $45,600 extra to put toward our retirement cushion.  That is a no-brainer for us.  We must sell as soon as we can and move our plan to live abroad forward.

So, we are selling our house!  Ready, set, sell!

 

 

 

 

 

 

 

 

About Joanna

is a Polish American living in Arizona with her husband Tim. She is a founding partner of JTR Tech and she is proud to be a professional geek. She had dreamt of living abroad for many years. So, she and Tim created AbroadDreams.com to document the process of making their dream of moving abroad come true. They spent 2 years in Puerto Rico and several months in Spain and Poland. Now they are exploring the American Southwest.

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