My husband is losing his job. It pays decent. His only offer is a job in my hometown out of state. I have a part tiem job where we live now. We have a 300,000 dollar house we would have to sell and the company out of state will not do a relocation package. With his job out of state it would be a small paycut, but I wouldn't have a job right away. We wouldn't want to lose our house.
The only other suggestion we have is to stay here till he loses his job within the next 4 months, and hope another position come open, or move with the company that offers a relocation package. But then we could end up in who knows where.
We would rather stay here or where I am from. Due to family.
2007-08-07 15:33:08 · 7 answers · asked by halo 1 in Business & Finance ➔ Renting & Real Estate
FYI: When I stated losing, I meant lose it to the bank.
2007-08-07 15:43:48 · update #1
Hubby should be sending out resumes now. You should look for a full time job.
While you still have his income, pay off everything you can. Get on a strict budget now. Put off new purchases. If you don't have debt, put cash into savings. You have 4 months to prepare. Try to put yourselves in the best possible financial position to ride it out till hubby gets a new job.
2007-08-07 15:43:17 · answer #1 · answered by bdancer222 7 · 0⤊ 0⤋
If the company is going to offer you a job out of state then take it, but in the meantime search for other jobs in the local area and hope for the best.
The job obv doesn't care about stitching you up, so don't care about backing out if you find a new job locally before it is time to move.
At the end of the day you have to think about ur future, and if that means moving, even if only for a short time then take it, but personally I would do what I suggested and hope you find a job in time.
Leave selling your current house till the last minute and shop around for houses in the new town just so you are prepared, but remember don't accept any offers on your current home until the last minute, you never know this may make the potential buyer offer you more money.
2007-08-07 15:39:55 · answer #2 · answered by Pistola 1 · 0⤊ 0⤋
A bird in hand is worth two in the bush.
Like a previous poster stated, your husband should accept the job and keep looking locally as well. One thing you didn't mention is how much equity (realistic) you have in your home. I work with many clients here in central Texas who ignore the issue as if it will go away. The train is coming down the track and it'll most certainly not jump the track just to miss you. Find out quickly what the market is for homes in your area and get yours on the market ASAP, otherwise you could end up with your current mortgage and rent at your new job location. Been there, done that years ago and it is wasn't something I'd wish for anyone. If you're upside down in your home, contact your lender ASAP and let them know what is coming around the corner and prepare them for a short-sale via their loss mitigation department. Often they won't move forward with that scenario though until you're behind on payments. Best of luck.
2007-08-11 15:41:32 · answer #3 · answered by liveinaustin 3 · 0⤊ 0⤋
It sounds like you need to start by downsize your lifestyle. You’ve got a few month so start getting rid of bills and not making new one. Either way you maybe looking at selling you house just to get to a place where you can manage while between paychecks. Work is so hard to find. You have to go where the work is. I know it’s hard to move. I sure hope I’m done with that, but we lived in a small cabin for two years while we waited for our house to sell at full price, so we could get the money to built our dream house. It was worth downsizing. Feel free to email me if you need some ideas.
Good luck,
2007-08-07 16:00:40 · answer #4 · answered by justmythoughts 3 · 0⤊ 0⤋
Have you considered renting out your home? It is a little risky, but if you get to choose the tenant, you can make a little money over your mortgage payment, and still afford to move wherever you wanted to.
It is a pretty tough situation, but there are ways to make it work. If renting isn't an option for you (yes there is a market for renting $300k homes - depends on where you live), then you both should start looking for full time work in your current town, in my opinion, if not losing the house is that important to you.
2007-08-07 15:41:55 · answer #5 · answered by servo46250 2 · 0⤊ 0⤋
you comprehend the respond! A. you have already ordinary the area. B. you're getting an outstanding feeling of "welcome". C. Your fee of residing will maximum possibly be much less, your earnings maintains to be an identical. Feeling reliable approximately your self is often significant. you have ordinary the interest (stress or not) and each thing else seems reliable. Why circulate against your be conscious? How does that make you sense extra constructive?
2016-10-19 10:07:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
keep up the faith. Bad time will be over. Wish you good luck.
2007-08-07 15:40:19 · answer #7 · answered by webcosmo.com free classifieds 2 · 0⤊ 0⤋