new home?

[dayhiker]

I looked at a house last night. It was in good shape and the price was right.
So I put an offer in on it. Someone else did also. So now we will see if my offer is good enough in a few days.

 

[peacechild4]

All the very best and hope you get it.. Do they barter over your way to see who offers the highest price like they do in Australia?? Or they simply choose who they want to buy it??

 

[JohnDB]

Here in America an offer on a house is a bit like throwing darts blindfolded.

He could have offered the same price as the other person or even more but if they offered cash instead of a mortgage (which has more paperwork and involves more people) the other person will get the house.

And yes....bartering is part of the game for house purchases here.

 

[dayhiker]

Ya, owner can do as they please ... its a bank that's owner in this case ... I've not heard what their plan is yet or what the other person offered.

 

[memoriesbymichelle]

So do you already own a house or no? If this is a second house, are you gonna keep your other house? Are you gonna move into this house if you get it?

 

[Gwenyfur]

ohhh I hope you get it if it's what you want

I remember sitting on pins and needles when I made the offer on this one...
they initially turned down the offer...2 weeks later they accepted...and wanted to close on the same initial date...
so in 10 days I went from continuing my search to signing on the dotted line(s) the day before Thanksgiving 2005.

I still love my house...it's open and airy with plenty of deep window sills for the kitties to sun themselves in and be entertained by the birds out in the backyard

No, I don't let my kitties outside...that wouldn't be fair to the birds after making the backyard into a birdie sanctuary of sorts LOL

Anyhow...good luck I'll stop yammering and procrastinating......

....


....

maybe...

 

[dayhiker]

I got the house. The listing real estate aggent said to my real estate agent that we were lucky. Turns out the other offer was for CASH but just a little lower than mine. But since I'm getting a FHA backed loan they will have to repair several things around the home that will probably cost them a few thousand.

So I should be moving in around the end of Dec.

I currently am renting a room. Its a pretty good size room. I only own a little of the furniture so I'll have almost no furniture when I move in. Not even a TV.

Will be fun shopping. Hope I can find a good renter for the 1st of Jan. for the other unit.

Praise God.
dayhiker

 

[Gwenyfur]

ohhhh Congratulations

It's always nice when FHA makes them repair things for ya first!!!

 

[memoriesbymichelle]

Well Merry Christmas to YOU! That's fabulous. So you have to find someone to take over the room you are renting? I'm sorry I'm having such a hard time following, but you know me . In any event, I am truly happy you will have a home of your own. Didn't realize you didn't have that already.

 

[dayhiker]

I rent the room from a lady. She owns the house. There are 2 other guys that rent other rooms as well.
So she will have find a new renter.

Since my new house has two units. I'll have to find a renter for the other apartment. Not a fun experience. But will part a good portion of my morgage. So its part of the plan for building equity and being in a better place when I retire.


dayhiker

 

[dayhiker]

The home inspection went well. Major systems are good. lots of cosmetician stuff needs to be fixed. I'm thinking of refacing the kitchen cabinets in the rental as that will really help the appeal of the unit to renters.

Don't have a closing date yet.

 

[peacechild4]

Thats good news...

 

[dayhiker]

Signed the application for the load yesterday .. 4.25 30 yr fixed ... should bring my monthly morgage, taxes and insurances to about 1800.
Yaaa .. not bad

 

[memoriesbymichelle]

Wow! That sounds like alot to me lol. I pay less than that for my first and second.

 

[dayhiker]

Ya it is a lot compared to many places .. but near Boston its a pretty good price.
I should be able to rent out the 3 br apartment for 1200 to 1300. So then my part of the cost shouldn't be too bad. Tho I got quite a bit of fixing up to do ... so I'll have the cost of materials for that work.

 

[dayhiker]

Hey ... I'm closing on my new home next Wed. Yaaaaa ... God is so good, what a blessing.

 

[memoriesbymichelle]

Hey ... I'm closing on my new home next Wed. Yaaaaa ... God is so good, what a blessing.

Woo Hoo! Send pics of the house if you can/dare

 

[dayhiker]

I think one has to have the pictures somewhere else on the web and then post a link here!??? I just have a couple of pictures on my facebook page.

 

[dayhiker]

I'm going to have to figure out who what internet provider I'm going to use at my new house. Then there is all the utility hook ups. Do I got with cable, fios or Satellite TV. How am I going to keep all these expenses down. sure dampens the fun of a new home.

 

[memoriesbymichelle]

Yeah, prices to pay lol. BUT still you ARE a homeowner. Plus you'll enjoy the interest write off, well wait......that is if congress doesn't take away that deduction, but still at least you have your own place, that's something.