We bought our home in 2014 before the market went crazy. We currently owe 130k on house, and refinanced recently with a super low interest rate. Our home is currently valued at around 500k.
A developer recently bought property adjacent to ours; and has offered us 600k (first offer). The plan is to put an industrial site near our home, with some buffer.
The market is nuts right now so I think it’s unlikely that we would find anything comparable.
And I do think the value of our home would continue to increase despite being close to this complex.
Sell? Don’t sell? Move to smaller cheaper home and invest?
We are in our late 30’s and have about 19 years left on our mortgage….
Submitted April 14, 2022 at 08:25PM by jd00034 https://ift.tt/OjtWfRD
