We're downsizing...or are we?

Post date: 2024-03-29 02:38:16
Views: 76
We're looking to downsize to a smaller, less expensive house. My wife, theoretically in agreement with this idea, is balking at making offers or counter offers. We've been at this for two months so far, and I'm losing hope. Advice welcome.

I'm 63, still working (at a startup), and providing most of the income for my wife and I. My wife is 66 and retired. I would like to retire and, given the state of tech employment these days, I may "get" to retire via RIF (the startup isn't doing great). Looking at our expenses and the size of our current home, it makes sense to me to downsize to a smaller and less expensive house. We have pre-approval for a loan for a new house and plan to buy the new house, move, put our house on the market, apply the proceeds to the new house, and re-amortize the loan. My wife, in principal, agrees with this plan. However, when it comes to actually making an offer on a house, she balks.

We've been looking since February 1. In our area, houses are getting multiple offers and going off the market within a week. We have made one offer on a house during this time, despite visiting 5+ houses a week either via open house or with our realtor. The sellers of the house we made the offer on counter-offered. At that point, my wife got incredibly offended and wanted nothing to do with the deal. This week, we visited another house. She liked it and we left the house with our realtor ready to make an offer. The next day, when it came time to sign, she balked again and yelled at me for putting pressure on her.

I'm giving up hope here. Any advice
Please click Here to read the full story.
 
Other Top and Latest Questions:
Oracle rises after company announces $50 billion fundraising plans. Here's what's happening
Answered: I have a project for you... (Developer)
Housing affordability isn't just hurting buyers: More homeowners are falling behind on their mortgages
'Melania' earns a surprising $7 million, the highest opening for a nonmusic documentary in a decade
Trump says U.S. and India reached trade deal, will lower tariffs immediately
The risk-reward on this payments stock looks attractive. How to trade it using a risk reversal options trade
China ramps up threats over Panama Canal ruling that handed Trump a major victory
Private payrolls rose by just 22,000 in January, far short of expectations, ADP says
Anthropic says no to ads on Claude chatbot, weeks after OpenAI made move to test them
Fed pick: Tillis doubles down on Warsh blockade over concerns about central bank independence