DH and I have been renting our current property for over 20 years (very lucky I know). Our landlady has told us she is planning to sell when our contract is up in 11 months time.
Sod’s Law means a house in a perfect area came up recently. We viewed it two weeks ago and have been accepted out of 22 other applicants. However, we have a dilemma:
We are family of 5 (2 adults, 1 young teen and 2 primary aged children) and a dog (small spaniel).
DH is employed full time but I’m a SAHM as youngest DC has complex needs.
Due to a very difficult time when DC3 was going through diagnosis, I had to unexpectedly give up work and we lost my whole salary in less than a month. Our credit scores plummeted as we tried to keep afloat but our housing costs were always paid in full and on time. We were upfront with the agency about this.
We still have 11 months left on our current home contract but our landlady has said she will allow us to exit it if we find something suitable sooner.
The home we have been offered is in a good area and is closer to DC schools and DH’s work.
The house itself does not meet all of our “desires” but it is a nice home with some downsides. However, the area outweighs this.
The issue is, we do not feel prepared to move. We expected to have time to save for costs, put some things right in the current home before leaving and just prepare ourselves mentally.
If we accept the new offered house, we could cover moving costs but finances will be very tight. If we wait, we can easily be financially prepared.
DH thinks we should wait as something better will come along. I think we should take the house as competition is so fierce, there may not be another chance. We also don’t have the credit history to sell ourselves above other prospective tenants.
WWYD?