Big day tomorrow! House goes on the market

[dumpster56]

Quote:

Originally Posted by REWahoo! OK newguy, have you sold it yet? (Asked by a guy who sold his last two houses in less than 5 days to the first people who looked at them. )

We have some issues with the price set.

Looks like 499,000 gets bigtime play 529,000 not as much, wife wants a certain number for the other end.

I am not gonna worry, we will see tonight with my real good realtor.

Who knows, its all about money and then some other things.

This early retirement is harder than it looks.

I start that well if I stay 3 more years I have 700 more a month on the pension the house will be 25K payed down, yadayadayada.

I really need to get out of new jersey. Ohman confused today and a nasty headache.

[Martha]

Quote:

Originally Posted by newguy88 . Who knows, its all about money and then some other things. This early retirement is harder than it looks.. . . . Ohman confused today and a nasty headache.

Don't I know it. I was feeling that way so often that I had to back off, relax and not think about it for a while.

[Retire Soon]

newguy88,

I'm in a situation very similar to yours as I am planning on retiring in June. I'll have to notify personnel before March 15th of my plans.* I'm 55 and if I remain in teaching for another 5 years, I can double my pension.* Also, if I hold on to my San Diego home for another 5 years, it may be worth a lot more money.* We own a rental that is paid for that we plan to move to in Oregon.* Unfortunately, if I rent my San Diego home, the negative cash flow would mean I would have to work part-time in Oregon. I am with you in that it is a difficult decision to make.* I like my job, but would that be better than not having a schedule for the next five years? As we get closer to March 15, the decision gets harder and harder.* Of course, I could wait until June, but that would mean a newer teacher could unnecessarily receive a pink slip, as our district is cutting back because of declining enrollment.

[Spanky]

Quote:

Originally Posted by Retire Soon Also, if I hold on to my San Diego home for another 5 years, it may be worth a lot more money.

Serveral articles indicate that the opposite will happen in San Diego.

[dumpster56]

Quote:

Originally Posted by Retire Soon newguy88, I'm in a situation very similar to yours as I am planning on retiring in June. I'll have to notify personnel before March 15th of my plans.* I'm 55 and if I remain in teaching for another 5 years, I can double my pension.* Also, if I hold on to my San Diego home for another 5 years, it may be worth a lot more money.* We own a rental that is paid for that we plan to move to in Oregon.* Unfortunately, if I rent my San Diego home, the negative cash flow would mean I would have to work part-time in Oregon. I am with you in that it is a difficult decision to make.* I like my job, but would that be better than not having a schedule for the next five years? As we get closer to March 15, the decision gets harder and harder.* Of course, I could wait until June, but that would mean a newer teacher could unnecessarily receive a pink slip, as our district is cutting back because of declining enrollment.

i listed the house last night for 519,000 Here in new jersey, it is the lowest price in the neighborhood, the 3 other homes are listed at 565, 535 and 529.

I am priced to sell ASAP, the agent loves the place yea they all say that , but seriously the house is immaculate, wife has the OCD virus, good for the new owner.

Anyway my situation is the same, I have an early retirement situation, where I will get about 31,000 a year with A COLA increase yearly with med benies for life.

I am 50 if I stay 5 more years the pension would be more like 44,000 a year.

Hey I am sick of the inner city teaching gig, I may stick around for say the first 6 months of the next school year and then move down with the wife.

I hope this place sells fast!

Then the extra money I earn thru the end of this year 90 + grand could go toward extra funds. My take after the sale will be near 280,000 the realtor is only taking a 4% commission.

[califdreamer]

Hi newguy,

I know it's pretty easy to look at someone else's situation and make a judgment about how it would be a great idea to ER. Of course, I haven't done it myself. It does seem, though, that you've got some good reasons to go to NC. Nobody can really predict what will happen to real estate prices, but it sure seems the odds are in favor of housing on the coasts (NYC/NJ/CT, DC area, Boston area, Calif coast, etc) to cool down and, very possibly, decline over the next five years. Some think the decline could be significant. Housing in areas that haven't had the crazy run-up, like in Raleigh area, could be safe havens from a burst of the bubble.

Most importantly, you really seem ready for a change and this is a great opportunity to make that change. After a year of ER in NC, you may decide you'd like to teach for a while to sock away more cash. Or maybe the part time gig at REI (or wherever) will work just fine. In any case, it sounds like the move to NC will provide a real boost in your emotional outlook... and the importance of that should not be understated.