If you have ever dreamt of packing it all up, selling your house, quitting your job and raising your children by the sea, this is how we did it. Our dream started a very long time ago. My parents were not beach people, but they were boat people, so from the age of 6, every weekend from April through October, we would pack up the car and head to our boat on the Chesapeake Bay. I learned from an early age that water calmed me. So in essence I can blame this entire adventure on my mom and dad.
Our dream started to come to fruition in 2008. We were in the middle of the ugliest real estate market my generation had ever seen and quite possibly in the history of real estate. So of course, it was during this time that my husband and I decided we should sell our house. We did not play the real estate game right, I had friends that bought and sold and upgraded houses coming out on top with every sale, and managing to find themselves in their ‘forever’ house when the market went bust. A busted market is only a busted market if you are trying to sell your house. If you have no intention of moving, a busted market really doesn’t effect you. We were not in our forever house, we were in our 2-4 year house.
Our plan had always been to sell the house before our oldest started school since we did not want to send him to the school district we lived in. They say hindsight is 20/20 and we never should have bought in a school district that we wouldn’t use, but when we bought things were staying on the market for days, and we loved the house and the neighborhood, just not the schools.
So we put the house on the market, which is a challenge with a 4 year old, 2 year old and a dog. We had lots of people come, but only one offer. We were hoping to break even, start fresh, make up for it on the other end, all those things you hear when you are not getting the price you want for your house. Well we ended up taking a hit. We discussed ‘short’ sale, but didn’t want a blow to our credit score, so we kid people that we had to pay someone to buy our house. We had to take money to the settlement table to sell our house, and thank goodness we did, because I frequently look at www.zillow.com and that house is worth even less now than it was three years ago. So step one was complete, but that left one small problem, we were homeless.