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Old 01-27-2011, 03:03 PM
 
Location: Denver
1,788 posts, read 1,978,647 times
Reputation: 1057

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I may be in a position where I could sell my Denver home this summer and move to my mountain property. Sooner than I would like to but I feel pressure because Denver home values are steadily declining according to Zillow.

On the other hand, I have already lost about 35% of the home value over the past several years. So I figure the value could down another 25%...or it could, eventually, go back up.

I have a great little 18 year old business here but it only makes about 1/2 of my living expenses. I get the other half through home rentals that I own. I used to have several small businesses (just me) and only kept the profitable one when things got bad.

Life is easy in a paid for home but it is ultimately too small for my needs. I bought so much business equipment over the years, that I now need acres...which I have in the mountains. I don't want to sell my stuff because 1) I hate to sell and 2) Can't get much for it. I pay over $200/mt for a storage unit.

Also interested in owning a business where I could use a lot of my old stuff. But that is several years from now. I don't think this economy is going anywhere great for several years.
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Old 01-27-2011, 04:20 PM
 
Location: Just south of Denver since 1989
10,904 posts, read 29,386,676 times
Reputation: 7126
1. Zillow is nearly always wrong.
2. No one can predict the future.
3. All we can count on is that spring (training) is coming.

You should sell your house when you decide that it's important, at a price that you would be willing to accept from a willing buyer.
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Old 02-02-2011, 12:41 PM
 
Location: Denver
1,788 posts, read 1,978,647 times
Reputation: 1057
I need an exit strategy first. I can't, or won't, complete my barn in the remote mountains until spring and summer time. Just don't care for working in 10 degree weather all day long. 2400 square feet with metal siding is too big to warm with conventional heaters.
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