Sell now or wait a year?

[Paul K]

Originally Posted by LakeCleElum

Mike Hovde

Yes, I always liked Mike. He stopped by the house recently, and seems to be doing very well in retirement.

Originally Posted by LWJ

Question for Paul, what are prices like in BVI?

High. Very high. That was actually my first choice, since I’m a Brit- but the USVI offered us a lot more home for our $$$ so we went that route. Ended up with a sweet pad on a half acre above Magens Bay. View...



Thanks for the input guys- much appreciated. After much discussion with Mrs. K, we’ve decided to stay until we leave for the VI. In the big scheme of things, $50k is not that big of a deal, having to move into a rental & move out of this house is.

Cheers,

Paul.

[jhynesrockmtn]

I don't know your overall financial situation. If the equity in your home is a big part of your retirement strategy, I'd think about selling. When my Dad passed in 2006 My Mom sold their home outside of Tucson for over $300k. They'd paid $175k two years earlier. Two years later the place was worth less than they paid originally. That equity was huge for her as they didn't have much beside his pension.

[Seahawk]

Are you taking the D90 with you?

[recycled sixtie]

As the saying goes "a bird in the hand is worth two in the bush". It is an old English hunting expression. I agree sell up now and get as much as you can while the market is buoyant. Having said that if you feel too attached to your present house then perhaps you are not ready to move.

[Tobra]

Good call, moving sucks, less times you do it the better.

Originally Posted by Seahawk

Are you taking the D90 with you?

Vultures already circling the Land.

[Seahawk]

Originally Posted by Tobra

Vultures already circling the Land.

[Bob Kontak]

Originally Posted by Tobra

Good call, moving sucks, less times you do it the better.

Vultures already circling the Land.

A bird in the hand, though. Paul, if retiring could drop $3k using two men and a truck and stash the keep stuff in storage. There is a limitation on "waiting out" downturns if you are into middle age.

Stock market is bloated. Who knows?

[Paul K]

Originally Posted by Seahawk

Are you taking the D90 with you?

Yes. It’s going to get a complete build before then- new chassis & bulkhead, 300bhp LS engine & 6-speed auto transmission, paint, Puma dash, the works. Pretty much decided on red, so it’ll look like this...

[ckelly78z]

A year from now your house could/should be worth $10,000 over this year's estimate you were happy about...AND....you will have paid down the mortgage by another $10,000. In effect, you will be $20,000 ahead of the game staying where you are for another year, not to mention the extra stress, and cost of moving twice is not worth it.

[Bob Kontak]

Originally Posted by Paul K

A shame that beam blocks the view of the island.

Originally Posted by Paul K

Sweet!

Here's my brush with the Defender.

God for a day? Drive a Defender.

LOL. I just read thru the thread and you responded five years ago. Last post. It's a tangled incestuous web here.

[cmccuist]

Originally Posted by Paul K

Thanks for the input. If we sell, we’ll rent a smal place until we head to the VI.

Hi Paul! My wife and I were living in St. Croix when Irma hit. My company was buying supplies/staples and sending them to St. Thomas. Then, Maria hit St. Croix and St Thomas was sending supplies to us!

How did you make out during the hurricanes?

[cairns]

Just because a realtor told you you'd get more doesn't mean you will get more. They're pretty famous for doing that to get a listing.

Stay and sell on your own schedule.