U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 10-01-2012, 07:34 AM
 
15 posts, read 21,245 times
Reputation: 10

Advertisements

That is what I am trying to figure out. We will have a home to sell here in Ohio where things are going slowly. At the same time, I hear that, especially if you buy a short sale it can take 5 months or so to close. (We're spoiled here, you can close in 2 weeks!). We don't want a double move just on principle, but also because we have a dog and three cats and I think it would be hard to find someone to rent to us.

We are originally from the Bay Area, but left the state 17 years ago and live in Ohio. We're getting older and like the snow and tornado warnings less and less. Want to be close enough to family to visit if we want, but not so close we're in each other's faces all the time. The possibility exists for dh to get a transfer from here to Reno, so job is not a problem.

How does everyone arrange it?
Reply With Quote Quick reply to this message

 
Old 10-02-2012, 04:30 PM
 
Location: Reno
873 posts, read 1,846,452 times
Reputation: 845
Quote:
Originally Posted by bunchesofun View Post
That is what I am trying to figure out. We will have a home to sell here in Ohio where things are going slowly. At the same time, I hear that, especially if you buy a short sale it can take 5 months or so to close.
If you eliminate short sales from your purchase possibilities, you'll have a much better shot at coordinating this the way you want to. Some short sales can take only a few weeks - I closed on a short sale I bought only 23 days after making the offer - and others can take more than a year if the bank isn't properly motivated to complete the transaction. Everything fell into place on my short-sale purchase, but that definitely is the exception rather than the rule.

If you look at new-home construction or resales that aren't shorts - and are willing to buy on fairly short notice soon after your house in Ohio sells - you can do it. You might also stipulate a longer-than-usual closing on your Ohio house to buy some additional time. I also would do as much preliminary research as possible on neighborhoods where you might want to live in Northern Nevada.

Good luck.
Reply With Quote Quick reply to this message
 
Old 10-04-2012, 01:31 PM
 
Location: Reno
843 posts, read 1,753,396 times
Reputation: 582
Wow, just moved from Ohio.. still own my house there.. should be on the market in a week or so (friends cleaning it up). In our case I can pretty easily afford both houses.. so there weren't any issues. I didn't want to be forced by a sale into buying a house on a timeline..
Reply With Quote Quick reply to this message
 
Old 10-17-2012, 05:15 AM
 
15 posts, read 21,245 times
Reputation: 10
Quote:
Originally Posted by braindead0 View Post
Wow, just moved from Ohio.. still own my house there.. should be on the market in a week or so (friends cleaning it up). In our case I can pretty easily afford both houses.. so there weren't any issues. I didn't want to be forced by a sale into buying a house on a timeline..
Problem is we have two houses in Ohio at the moment. One paid for, one with a mortgage. We are in the process of trying to sell the one with the mortgage. Not too many nibbles though it's priced right. If we get that one sold we'll be in a better position. We are currently thinking of a move in two years, when my son 2ill have graduated high school and my daughter will be just entering. We're thinking of home schooling her for HS. So there's time at this point, but just trying to figure out how to do it with the least amount of fuss and bother.

I hear what you are saying about short sales. My BIL and his wife put an offer in on a short sale in CA back in June or July, and it was just now rejected by the bank. In Ohio we can close in less than 2 weeks, and have done. I forgot how bad it was in CA. we're CA born and raised, left 17 years ago and spent 18 months in Iowa before settling in Ohio. I've just gotten tired of the tornado watches and warnings. I'll take an earthquake anytime over a tornado.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top