Author Topic: Job relocation questions  (Read 1903 times)

Uturn

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Job relocation questions
« on: November 17, 2017, 08:30:44 PM »
I have been offered an opportunity to relocate from Ft Worth, TX to Raleigh, NC.  We are still working out the compensation package.  For the sake of this conversation, let's say that is all worked out.  My next concern is my house.  I owe $83k, it's worth about $220k, it would rent for about $1800, PITI is $1100.  I have enough in non-tax advantaged accounts to pay it off.  I would rent in NC. It is just me, no SO or offspring.   

Rent or sell current house?  Rental management company is 10% of annual rent. 
If I sell current house, what do I do with the money?  Let's say FI is 5 years and equity would purchase a blue water sailboat.
What is standard for relocation?  X number of months company paid to find a new place?  How about moving expenses?
Stuff that I don't want to take, mostly furniture items and tools.  Have a garage sale, or individual on Letgo or Nextdoor?

Uturn

  • Pencil Stache
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  • Posts: 889
  • Age: 54
  • Location: Raleigh, NC
Re: Job relocation questions
« Reply #1 on: November 18, 2017, 07:49:10 PM »
Spoke with a property manager, who is also a real estate broker.  today.  My estimate of $220k is what her comps show.  She says other houses in my neighborhood bring in around $1900.  However, they are in a rather undesirable school district, my house is in a very desirable district.  My street is the dividing line between the two districts. If this works out, I am leaning toward renting the house with her a a full property manager.  Money being fungible, I can either consider the cash flow as offsetting my rent in NC, or extra into savings/investing.