The people who bought our old house next door have lived there for almost 4 years. The love the house but hate the location. They would like to be closer to the city. When we found out they were moving, I told Travis ( he seemed un-phased). I suggested that maybe we could buy it back and sell the one we are in to get the equity out of it. He hadn’t thought of that idea and was super excited about it. We had the attorneys and the loan people look into it and see if it were even a possibility to do that. And it was! We got everything in place, qualified and signed at the beginning of December. They are renting it back from us while they build their house, which works out well for us because we don’t want to list ours until spring time when the market is better. This way we get the equity out of the house we are in (which we were trying to do anyway by buying it ourselves – it was just too much $) and we can stay in our neighborhood/ward/schools and we already know we love the house we are in. It’s smaller, but we are okay with that. It’s plenty big for us to manage and raise our kids in. We have decided to change some of the cosmetic things about it and have those done before we move in, and it will feel like ours again. J
Funny thing is, our kids have no idea. We are going to list our house in a few months and they will just be surprised that we are moving. Then we are hoping to be able to having them stay somewhere for the weekend while we move everything over and they come home to a new house….but I don’t know how feasible that is. Either way, it is a fun idea.