Would selling be a bad thing?

[sms]

Kind of long, sorry. My father passed away about 5years ago. I used my inheritance to buy a mobile home to put on a piece of land we already had. It was new when I bought it. It is a very nice almost 2,000sq ft. home. The problem is, we live in the country and I don't like it here anymore. I don't like the school my son is going to (it has very low scores) and I hate the area we are living in. We now have drugs in this area and we have almost had a very bad incident with an older boy down the street (10yr old). Thank God I caught him before he did any harm to my child. It makes me sick to think about it. I am thinking about selling my house and renting a place in town. Moving to a smaller house or apt. sounds good to me. If I sale, I know I won't have the money to buy another house in town plus my credit stinks, and I really don't want to own here right now. One of the main reasons I am staying in this town is because I also own a small business and I have another year on my lease. I love my shop and don't want to get rid of it. My brother also lives in this town. i would love for DS7 to grow up in a neighborhood with friends like I did. I am a single mom with not much help from his father, so money would be tight. Its really nice not having a house payment, but I would almost rather do that than live where we are. What do you guys think? Stay and deal with it or move and pay? Just want to be happy! Any advice is appreciated!

 

[DawnCt1]

There are no guarantees that you will find a drug free neighborhood in town with nice neighbors or that you will be any happier. Right now you have no rent, no mortgage and with that comes "no neighbors". Rather than move, which as you say, with your credit, limits your options, try to meet other people through church, scouts for your son, etc. Perhaps a private school would be cheaper than moving and have funds to help subsidize the tuition.

 

[wdwfan16]

If you were to stay how soon would you be able to save the money to buy in another area?

You should try to save the rent money each month and see how it works financially.

You have missed the normal selling window, so I would wait until the spring to sell.

How will you moving away effect your business?

 

[Luvchefmic]

I agree with the other 2 posters and there are a few things that jumped out at me from your post....re-your credit, now you have a home & the land its on....keep it..you may never get another chance to own....as far as the bad school/neighborhood my kids went to a school district in New York that had a high crime rate, drugs all over the place, etc. they excelled, got involved in outside activities and school functions..they both beat the odds. Your child can too with support from you and your family...sorry about your Dad

 

[kidzmom3]

I may be the lone voice of dissent, but if my child was in danger. I would do anything to keep them out of it.

 

[Luvchefmic]

I may be the lone voice of dissent, but if my child was in danger. I would do anything to keep them out of it.

Well of course I think it goes without say that any parent would feel this way BUT looking at the whole picture what real options are there? Money is tight, credit score is crap, doubt if OP could rent out her home & use that $ to pay rent somewhere or move in with relative as none of that was mentioned..I think we all feel for her, back is literally up against the wall...and what place is truly safe?

 

[sms]

My brother still lives in the house we grew up in. Its a great neighborhood and close to the school we went to and is still a great school. I even have friends that have their kids there. He is divorced so he lives there by himself, but his two boys are there almost every weekend and most of the summer. Living conditions would be tight but manageable. Its def. a possiblity. Plus it would help him financially also. My mom lives an hour and a half away if one us needs a break! Thats something I will def. talk to him about!

 

[sms]

Well of course I think it goes without say that any parent would feel this way BUT looking at the whole picture what real options are there? Money is tight, credit score is crap, doubt if OP could rent out her home & use that $ to pay rent somewhere or move in with relative as none of that was mentioned..I think we all feel for her, back is literally up against the wall...and what place is truly safe?

it may be possible to move in with my brother and rent my home. Thats a great idea! I could use the rent money to help with bills at his house and at my store.

 

[Luvchefmic]

it may be possible to move in with my brother and rent my home. Thats a great idea! I could use the rent money to help with bills at his house and at my store.

Oh good for you see these boards can be helpful...gives another point of view..it never occurred to me when I wrote that that you hadn't thought of it ....please update to tell us what happens