My husband and I have big decisions to make in regards to where to move. We've been praying for guidance and direction and haven't really heard anything. We really want to use wisdom here. We've been told to follow peace but that's easier said than done. Here are our options. If you were faced with this decision which option would you be most likely to choose?
1. We are living in a garage conversion on a two-acre lot my dad owns, but we've been paying on for three years. One option is to build a house on this property and stay here and everything would be put in our name. But....
2. We have some debts that we incurred at an earlier time, when my husband was temporarily out of work. These debts are in good standing but we're still paying on them. My dad has now agreed to let us sell this lot if we want to move, and there is a lot of equity in this land. So option number two is to sell this and use the money to pay off the debts. Of course that would mean buying or building a house elsewhere but we would also have a higher debt to income ratio. And there is the question of where would we stay between that time, which we would have to figure out.
3. My dad also owns a house ten miles from here that he built 25 years ago. My parents lived there up until two years ago and my sister and her family have been renting it since then. My parents have been talking a lot about selling that house but for reasons I can't get into, it's not really feasible for my sister to buy it. She has told me they want to find another place. Option number three is for us to buy that house and live there after my sister moves. It's a special place that all the grandchildren in the family grew up visiting. It would be nice for it to stay in the family and I do like it but I also like the idea of starting fresh somewhere. Still the thought of strangers buying it makes me (and others in the family) feel really sad.
So our options are to stay where we're at and try to build on this land (but still have our other debts we're paying off) or possibly be able to pay off these debts and start over somewhere else, either on a new property or buying my parents old house. I hope I was able to explain myself okay here. Thank you.
1. We are living in a garage conversion on a two-acre lot my dad owns, but we've been paying on for three years. One option is to build a house on this property and stay here and everything would be put in our name. But....
2. We have some debts that we incurred at an earlier time, when my husband was temporarily out of work. These debts are in good standing but we're still paying on them. My dad has now agreed to let us sell this lot if we want to move, and there is a lot of equity in this land. So option number two is to sell this and use the money to pay off the debts. Of course that would mean buying or building a house elsewhere but we would also have a higher debt to income ratio. And there is the question of where would we stay between that time, which we would have to figure out.
3. My dad also owns a house ten miles from here that he built 25 years ago. My parents lived there up until two years ago and my sister and her family have been renting it since then. My parents have been talking a lot about selling that house but for reasons I can't get into, it's not really feasible for my sister to buy it. She has told me they want to find another place. Option number three is for us to buy that house and live there after my sister moves. It's a special place that all the grandchildren in the family grew up visiting. It would be nice for it to stay in the family and I do like it but I also like the idea of starting fresh somewhere. Still the thought of strangers buying it makes me (and others in the family) feel really sad.
So our options are to stay where we're at and try to build on this land (but still have our other debts we're paying off) or possibly be able to pay off these debts and start over somewhere else, either on a new property or buying my parents old house. I hope I was able to explain myself okay here. Thank you.
