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moana posted:You don't want an agent to be both the buying and selling agent though; they won't really be working for you in that case. They may not be working for you in any case. The higher the selling price, the higher their commission. This does not necessarily mean that they will try to get you to pay more for a house, but it is something to watch for.
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May 29, 2009 04:33
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Unless you are putting a significant amount down on that 40K car, your payments will be 750+ on a 5 year loan.
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Jul 15, 2009 22:14
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GOOCHY posted:I got the ball rolling on my re-fi. Note to others - refinancing, if you're not folding the costs into the loan (which I'm not...) - is expensive. Depends on where you live. My refi was 660 bucks, though I didn't need a new appraisal.
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Oct 22, 2009 18:05
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GOOCHY posted:How'd you manage to not pay origination fees, etc.? Sorry I didn't clarify this. I refinanced through the same bank, and there were no origination fees.
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Oct 23, 2009 23:22
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MrMidnight posted:GODDAMNIT Nope, you're screwed. The whole point of a stimulus is to spur new purchases, not give refunds for ones already gone by.
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Nov 11, 2009 23:22
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Ultimate Mango posted:Well, we're locked into taking the bath on the sale of our current house. All contingencies have been removed and we close in like 8 days. On the plus side, you can try to find a house without an HOA. I know some people like them, but man do they sound like a money draining pain in the rear end.
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Jan 4, 2010 03:33
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belle of my ballz posted:With it being winter and a recession housing prices are reasonable, I can get a VERY nice house for 300k or so. Why do you want to purchase a home that costs 5.5x your gross annual income? Why do you want to buy period? If you're 21-22, tying yourself to multiple properties will make it difficult to be mobile if you ever want to go somewhere else.
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Jan 12, 2010 05:01
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jassi007 posted:E/N rant time. You could let the sellers make up your mind for you. Tell them that they fix it or you're walking.
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Mar 19, 2010 18:22
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tronester posted:Is this really what closing costs are these days? If you think you're being overcharged, go to another bank and see what their fees are. There's nothing binding you to your current broker. Also, as a point of reference, I'll soon be doing my second refinance. On the first one, I refinanced through my existing bank. The costs ended up being about 664 dollars. The rate was also competitive, so they didn't just inflate that to recoup costs. However, this was also on a loan for 70K, and in a low cost of living area, and I didn't need to get my home reappraised, so it's fairly different from your situation.
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Oct 15, 2010 02:44
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diremonk posted:shooting down ones that I had found because "the neighborhoods are dark," I hope this doesn't mean what I think it does.
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Dec 15, 2010 22:35
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senor punk posted:Who knew that buying could be cheaper than renting when you lie on your taxes?
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Feb 20, 2011 07:25
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IANAL posted:Oh yeah there are cracks. They don't have to be a stranger to sue you.
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Apr 26, 2011 22:23
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Dik Hz posted:Generally speaking, having someone who knows the local market very well, has a ton of relevant contacts, and is trained at negotiation is worth the 3% mark-up. Having a realtor can be useful to help with paperwork and questions, but no one should be under the illusion that their buyer's agent is working to get them the lowest price possible on the cheapest home that they need. When you pay more for a house, they earn a larger commission.
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May 4, 2011 19:04
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Ingraman posted:So I have some money in the bank, and I'm thinking of buying a condo outright with cash and just paying the HOA fees as "rent". Renting a similar place here in MA would run about $1000+/month, vs the $250ish HOA fee. I think I'd save money vs renting even if I sell the place at a slight loss a few years in the future. Anyone see something wrong with this plan? Closing costs and costs to sell the condo itself can easily hit 10% of the total cost of the home once you buy and then resell the condo. That can be a lot of money to throw away to costs in just a few years. It's hard to say though without knowing the purchase price of the condo itself.
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Jul 10, 2011 22:38
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Oxford Comma posted:What I would like to know is how much of a chance there is of a bank giving us a loan for the house in the Midwest? My credit score is 740 (according to Experian. I think other credit bureaus may have me higher, but I haven't looked in two months.) My wife's score is probably higher. Quizzle calculates our debt-to-income ration at 35% and our monthly available cash at $2400. If your DTI ratio is already at 35% for just your current house, there is little chance that you will get approved for a second mortgage in another state.
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Aug 12, 2011 00:27
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Oxford Comma posted:What percentage of DTI do bankers dislike going above? I believe 43% with an FHA is the highest around. For conventional, you're already at the limit.
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Aug 12, 2011 15:01
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FISHMANPET posted:Also you're not heating/cooling as many exterior walls, which helps a lot. And most people move up in square footage when they move into a house. It's anecdotal, but of the 8 or so people I know who bought houses including myself, every one of them moved into a larger place than their apartment was.
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Sep 27, 2011 19:06
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Pillowpants posted:I'm paying $600 a month for rent right now in a really nice apartment...that happens to be located in the ghetto. I've gotten several quotes for a new roof for my 2 story 1700sq foot house and 2 car detatched garage. Average quote price has been 10K. How much do you think a new roof should cost?
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Oct 3, 2011 20:30
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jerkstore77 posted:How's this for a state of the market. The sellers of the house we put an offer on received 6 offers, of which they sent a counter offer to 4, including us. Let the bidding war begin. I'd be curious to know what kind of counter they made. If they didn't drop the price much, they might already have an offer that is close to what they want, or they might just be getting greedy since they had so many offers. Either way though, I'd probably walk from a 4 way bidding war. Also, that 17 day contingency thing is nuts.
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Dec 9, 2011 21:20
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jerkstore77 posted:Yeah my initial offer was at list price and we assume the 4 other offers were as well. They countered with a higher price which we actually exceeded a bit seeing how many other bidders were involved and how much we love the house. I can't possibly imagine offering full list, getting told "no, I want more now", and then offering more than what they asked for the second time. Even if the price was still good, I think I'd be too pissed off at their tactics/wonder what else they were going to pull to bother. The market I live in is not heated at all though, and I realize that things might be different. One of the few good things about living in flyover country I suppose. Inept fucked around with this message at 08:34 on Dec 10, 2011 |
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Dec 10, 2011 08:29
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ElPottoGrande posted:So I need to sell a place that will be a hard sell (market/carpet) that I can't improve (no money) in a limited time (less than a year). If the carpet looks that bad, get someone to install some cheap stuff that doesn't look terrible (or put down throw rugs on the worst spots) and then put it on the market. Even in a bad market, if you price it right, someone will buy it, and really ~11 months is a good amount of time to have to sell a home in. Don't sell to people/companies that advertise that they'll buy your home. They'll low-ball the poo poo out of you because they want a guaranteed profit with as little work as possible.
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Jan 19, 2012 20:25
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10-8 posted:This is the problem. It appears that the FMV is not discounted to account for the crazy HOA setup you've got going on. But the next owner -- the person you try to sell to down the road -- is going to want that discount, which means that you're overpaying. Yes, unless you're planning on staying in that house until you die and it's someone else's problem, you're going to have to resell that house. You're going a harder time doing that, and the price you pay now needs to reflect that, along with all of the HOA bullshit.
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Jan 23, 2012 06:47
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Leperflesh posted:If you had it all up front, you could buy a CD, but it sounds like you're actually putting some in every month. In which case, yeah, a savings account is your best bet; you do not want to risk that money in any way. You won't earn much interest, but on the other hand, inflation seems to still be quite low. 1 year CDs aren't worth it anyway. Unless you find a special promotion somewhere, you can't get above 1.2% on a 1 year CD right now.
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Feb 10, 2012 20:08
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Pweller posted:Given that I should be able to pay up to 15% of my mortgage annually without penalty, can someone confirm that there isn't really any incentive for me to choose an amortization period shorter than 25 years? As long as the APR is the same for both, then it shouldn't matter. I'm not familiar at all with Canadian mortgages though.
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May 23, 2012 22:28
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Baronjutter posted:We did the math the other day. 1000 mortgage payment + 350 condo fees (covers hot water and most utilities in typical buildings we looked at) + 50 for internet + 60 for our phones + 300 for food still leaves us with a lot of money for "other" and savings. What does your overall budget look like now, and do you know if you can stick with it? I noticed you didn't include maintenance, and I'm not sure why you itemized food, but no other expenses. What about your European vacation costs? Also, are you saving for retirement at all?
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Jun 19, 2012 18:34
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Baronjutter posted:So let's say 1,000 mortgage, 350 condo fees, 50 electricity, 50 internet, 60 phones, 50 for insurance, 300 for food and generally staying alive, 100 for clothing and supplies and other general living expenses and lets just round that out to 2000 a month. Maintenance, taxes? Also 300 for food for 2 people is not a lot. What transportation do you use? Even bus fare isn't negligible unless you only take it once a week or something. How long do you plan on living in that condo?
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Jun 19, 2012 22:06
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Wow, a 15 year loan with no points is 2.5% at my bank right now. Time to refinance for the second time.
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Jul 24, 2012 20:43
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SlightlyMadman posted:What bank? I'm getting fed up with my credit union jerking me around on this refinance. Sorry for the delayed response, but it's a smaller bank. I think they handle mortgages in Illinois, Iowa, and Missouri. https://www.bankwithbos.com/index.php
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Jul 26, 2012 18:57
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SlapActionJackson posted:What kind of utility raises the unit price with higher consumption? To be honest, this makes sense from a standpoint of trying to lower energy consumption.
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Aug 11, 2012 22:41
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canyoneer posted:If flippers didn't exist, who would keep the laminate flooring manufacturers in business? Landlords. Dear god they love cheap laminate.
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Mar 29, 2016 17:12
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OSU_Matthew posted:I really can't fathom why goons hate home automation stuff so much It's expensive, there are many competing standards or in some cases no standards at all, companies removing products all of the time, time consuming and difficult for your average person to set up, and the companies are slow to release important security updates that would prevent all of your equipment from getting hacked. It's an industry that needs 5-10 more years before it is suitable for the masses.
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May 1, 2016 16:34
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That's an interesting chart, but why the hell are health and education lumped together? They're completely different fields. ^^^Ah, so it's actually a poo poo chart. A shart.
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Jun 3, 2016 18:50
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Pryor on Fire posted:If any of folks who were talking about buying in the bay area are still working on that you should really reconsider. poo poo is changing quickly, bail out if you still can. SELL SELL SELL
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Jun 24, 2016 14:05
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Sounds like an HOA board filled with petty assholes who got called petty assholes and decided to write language in that lets them fine people for calling them petty assholes.
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Jul 5, 2016 23:13
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Aquatic Giraffe posted:What are we missing? You seem fine so far, but from what I've heard of Utah, you either love it or hate it. A lot of people can't get over how everything is influenced by the Mormon church, and I hear the air pollution can sometimes be pretty terrible by Salt Lake City because there's no where for the air to go. I'd wait until you live there for a few months before going over all of the calculations. Even then, realize that you will need to live there for a long time before buying makes sense financially.
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Jul 23, 2016 20:04
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Hadlock posted:In a total 180, in north Carolina I think they recommend you apply for a permit after the fact, but it's not strictly required in all counties. Also the water table is not horrible so you're looking at like $4-8000 to drill and in NC pray that your well isn't near a Duke Energy coal ash pit since they all violate the clean water act but the lawsuits have somehow been tied up for a decade 
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Jun 15, 2022 04:07
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Motronic posted:Good luck. You likely can't do that without refinancing and unless your LTV is well under 50% you'll pay in interest rate for the "privilege". Did the norms change? I'm looking to buy for the first time in 15 years, but when I last did it, 20% down was enough to remove the escrow requirement. I think I had to pay a bullshit one time fee of ~$50, but that was it.
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Sep 7, 2022 20:13
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DaveSauce posted:yeah but this time you're talking about peanuts, not multi-million dollar base salaries with tens of millions of dollars in stock options/bonuses. my impression of real estate agents is that a huge percentage of them only ever close on a few houses, and get in and out as the market booms and busts. it ends up being a lot like an MLM
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Jan 25, 2023 15:26
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Sundae posted:Congratulations on... um... nothing unless you can sell it at that price point! Your previous owner sure didn't get appraised value for it. the county can point to it for why they're raising the assessed value of the home for property taxes next year 
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Feb 26, 2023 22:23
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QuarkJets posted:Come on, don't buy cheap appliances with the expectation that the next owner can just replace them. Don't be a poo poo-flipper I agree, but we also passed on viewing a house where they disclosed the built-in microwave and dishwasher were non-functional because if they left that poo poo broken, what else was going to be an issue we didn't want to deal with. Sometimes regardless of cost, people don't want a laundry list of poo poo that's broken that they'll have to fix before move-in.
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Apr 9, 2023 19:59
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