Wednesday, February 20, 2008
Frustation For Sale
Have you checked out the link to our house that's for sale back in Atlanta? It's a very nice site, but I am open to any suggestions to improve what our realtor has done with it. My reaction is biased. I easily get sad when I look at the pictures of various parts of the house--especially Will's room, which V. and I painted together, and the family room, where we spent many hours watching Will--first lying on his back, then crawling, and then finally walking. We have had barely a nibble from a potential buyer in the past 12 months. The most common complaint is that it needs extensive "updating," which we concede, but that's also why it's listed at more than $100K less than anything else in the neighborhood. Lowering the price isn't much of an option, as we are already looking at barely paying off our mortgage if it were to sell close to the asking price. A few of my colleagues here have suggested that we contemplate just declaring bankruptcy, especially in light of the mortgage payments we send back to the U.S. every month. Of course, we now live in Australia, where we would be immune to the hit such an action would take on our American credit history. But that would also mean that we really couldn't move back to the States for at least seven years. And, perhaps more importantly, I would have to get over the whole stigma attached to someone who doesn't pay off his debts. For now, we have decided not to think about this option until September 1. Hopefully, someone will come along and fall in love with the place the way we did.