cfogle6 wrote:[W]e have been told that we would probably end up bringing a $7k check to closing if we were to have to sell any time soon, and at the time it seemed huge.
This was an interesting evolution for us as well. Initially, it was nearly balking at a sale with a "We're going to have to spend how
much?". As time went on, it got more and more palatable, especially when we got a live buyer with an offer in hand. At that point, our attitude switched to "You mean all we have to do is write a check and this all goes away? Where do we sign?!?" Looking back, I almost wish we had done it sooner - it would have meant little larger hit to the reserve funds, but the overall reduction in stress and risk is totally
jessiebird wrote:How long did this all take?
From start to finish, it's taken us about 4 years to get to this point. Not all that time was nose-to-the-grindstone, since we've only been seriously preparing to sell over the past year or so. Prior to that, we had our emergency fund in place in early 2010 (after we got all our credit card balances paid off), everything but the house paid off in early 2011, and fully buffered in late 2011. That last part took longer because we let it happen "automatically" (i.e. using the 2 extra paychecks over the course of a year) rather than a concerted effort to set money aside.