The I need to buy a house thread
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Re: The I need to buy a house thread
Looks like the trip would be faster going through Flagstaff....
well this is gonna be someone's new signature - bronto
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Re: The I need to buy a house thread
In laws listed their house yesterday at 530. Had a buyer at 7 pm for asking.
It was their second home so didn’t care about a price war just wanted to get out of the mortgagee and move to Florida permanently. Nuts
It was their second home so didn’t care about a price war just wanted to get out of the mortgagee and move to Florida permanently. Nuts
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
Re: The I need to buy a house thread
They priced it too low.
"What a bunch of pedantic pricks." - sybian
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Re: The I need to buy a house thread
Probably but they made 30 grand and only had it for six months so a decent return.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
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Re: The I need to buy a house thread
Nuts that they want to move to Florida.
Until everything is less insane, I'm mixing weed with wine.
Re: The I need to buy a house thread
If you don't end up going through Flagstaff, of course!
Just wondering, where are you traveling to and from, there's a whole Valley between Tucson and Flagstaff.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
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Re: The I need to buy a house thread
Oh they had two houses but when his mom died Florida became permanent.
It means you might get to meet me!
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
Re: The I need to buy a house thread
Oooh. Capital Gains though.
My friends posted their house last Thursday for $279k. Had a bunch of showings over the weekend. Initially got an offer of $285k Friday night, but contingent on some things. And then Saturday night they got a text from the realtor they got an offer of $300k cash. Like, holy shit.
What's cool is that they are getting a house in the same development as my wife and I, so we'll be neighbors again too.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
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Re: The I need to buy a house thread
I've got some whiskey set aside for it.
Until everything is less insane, I'm mixing weed with wine.
Re: The I need to buy a house thread
We are going out to California for several weeks. I want to drive and my girls don’t, so I’m picking them up in LA. I’m leaving Houston on the 24th very early.
well this is gonna be someone's new signature - bronto
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Re: The I need to buy a house thread
Does capital gains matter on real estate? I honestly do not know. But I do know I have made money on every house I’ve sold and it not been an issue. Do I need to contact HDO?Johnnie wrote: ↑Thu May 12, 2022 8:54 pmOooh. Capital Gains though.
My friends posted their house last Thursday for $279k. Had a bunch of showings over the weekend. Initially got an offer of $285k Friday night, but contingent on some things. And then Saturday night they got a text from the realtor they got an offer of $300k cash. Like, holy shit.
What's cool is that they are getting a house in the same development as my wife and I, so we'll be neighbors again too.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
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Re: The I need to buy a house thread
What a man.govmentchedda wrote: ↑Thu May 12, 2022 8:58 pmI've got some whiskey set aside for it.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
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Re: The I need to buy a house thread
Looked it up. Definitely below the threshold for capital gains. It was actually a condo they bought to use to visit but then both parent died and no real reason to hang around. It was a nice condo but nothing that would trigger that cap gain tax.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
Re: The I need to buy a house thread
Oh, well that's good. Maybe it's a state dependent thing then? From what I remember, if you are selling a primary residence and you've lived there at least 2 years you're clear unless you made like half a million on the transaction or something.
And, I thought, if you're selling a rental property, you'll have to pay back a percentage in taxes. My friend found that out the hard way when he sold his house (primary residence) and his wife sold her rental condo. They were hit by the tax man on her condo.
But if it's below the threshold, then I'm probably wrong.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
So a few weeks back we were notified that the price of the house we wanted to build, and ultimately walked away from, had come back down. We had our realtor check it out and the price had dropped back into our range. Long story short, we put a deposit down today and our new house will be built by Jan-Feb 2023. Excited, nervous and nauseous all at the same time.bfj wrote: ↑Tue Feb 22, 2022 12:47 pm Update: We ended up walking away from the house after the base price of the model we were going to buy increased by $20k as we were getting our paperwork together to get our financing in order. Since we didn't put a deposit down the first day we were there, as each house in the development sold, the base price of the one we were looking at would go up 5k. We were already at the top of our budget as it was and adding another 20K was sort of the final nail in that coffin. I know 20k over 15 or 30 years isn't a big deal, but we set a budget for ourselves and couldn't justify any more at that point. Very disappointing, but there will be other houses.
The sales manager said that 2 years ago, that would never happen. But with the market the way it is, "Corporate" decided to implement this policy.
BFJ is the town wizard who runs a magic shop. He also has a golem that he has trained to attack anti-Semites.
Re: The I need to buy a house thread
Fuck yeah, BFJ!!
well this is gonna be someone's new signature - bronto
Re: The I need to buy a house thread
Nice! Congrats, man.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
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Re: The I need to buy a house thread
Nice!
Until everything is less insane, I'm mixing weed with wine.
Re: The I need to buy a house thread
Can we get a paint color reveal party?
he’s a fixbking cyborg or some shit. The
holy fuckbAllZ, what a ducking nightmare. Holy shot. Just, fuck. The
holy fuckbAllZ, what a ducking nightmare. Holy shot. Just, fuck. The
Re: The I need to buy a house thread
"Repose Gray" (This is the living room wall)
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.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
I gotta say this getting a broker and playing lenders off each other thing has made me feel extremely guilty. I feel very, very awkward leading someone on only to say nope at some point.
(Also though, if people could just return texts and calls within a timely fashion it would cut down on the awkwardness. I'm wasting time stringing people along.)
(Also though, if people could just return texts and calls within a timely fashion it would cut down on the awkwardness. I'm wasting time stringing people along.)
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
Quality edging (don't google that)
Pack a vest for your james in the city of intercourse
Re: The I need to buy a house thread
I did too but it all went away and then some when I went back to our original broker giving her the option to match and instead she yelled at me about loyalty and how "its not that much more per month anyway".
Re: The I need to buy a house thread
Ooof. How much more per month were you looking at?
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
It was a full quarter different and the whole thing was just was super fucking weird, to the extent I kept engaging to see where she went. I don't know if that was a tactic or she was just having a shitty day or what.
Re: The I need to buy a house thread
Yea, that's a big difference. Mine doesn't contrast that much, but from your example that reaction seems like it originated from somewhere else.
I defused the reaction I got from my current broker. I just explained that I don't know where the line is when it comes to me trying to bounce offers off of each other. He seemed to understand my ignorance and we're pushing forward.
In a market where minutes determine difference in interest rates, "locking" is the only certified way I know whether one deal is a good offer over another. But from the lender side, once you lock, you soft commit -- so multiple locks means that you're still not committed. (And simultaneously, until there's final loan paperwork, "fees" and potential more cash to close can pop up.)
Overall, it's a moving target and I hate it.
I defused the reaction I got from my current broker. I just explained that I don't know where the line is when it comes to me trying to bounce offers off of each other. He seemed to understand my ignorance and we're pushing forward.
In a market where minutes determine difference in interest rates, "locking" is the only certified way I know whether one deal is a good offer over another. But from the lender side, once you lock, you soft commit -- so multiple locks means that you're still not committed. (And simultaneously, until there's final loan paperwork, "fees" and potential more cash to close can pop up.)
Overall, it's a moving target and I hate it.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
Strike that. Reverse it.
Navy Federal beats both of the companies I've been ping pong-ing between by a quarter percent.
I'm still >30 out, so I might be able to squeeze this, but my realtor thinks that for the savings I'd get, it might be worth whatever the daily penalty is I'd incur from the builder. She's checking on it for me now. (If it's $100 a day, so be it.)
Worst case I do a VA IRRRL in a year or so if rates improve.
Navy Federal beats both of the companies I've been ping pong-ing between by a quarter percent.
I'm still >30 out, so I might be able to squeeze this, but my realtor thinks that for the savings I'd get, it might be worth whatever the daily penalty is I'd incur from the builder. She's checking on it for me now. (If it's $100 a day, so be it.)
Worst case I do a VA IRRRL in a year or so if rates improve.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
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Re: The I need to buy a house thread
Rates ain't improving in a year.Johnnie wrote: ↑Tue May 24, 2022 7:09 pm Strike that. Reverse it.
Navy Federal beats both of the companies I've been ping pong-ing between by a quarter percent.
I'm still >30 out, so I might be able to squeeze this, but my realtor thinks that for the savings I'd get, it might be worth whatever the daily penalty is I'd incur from the builder. She's checking on it for me now. (If it's $100 a day, so be it.)
Worst case I do a VA IRRRL in a year or so if rates improve.
Until everything is less insane, I'm mixing weed with wine.
Re: The I need to buy a house thread
The difference in cost per month is $54. Not backbreaking, but greater than zero.
The closing date is 27 June. Every day I'm "fined" for going over the closing date is actually $250.
I don't think I'm too late in changing anything, but I hesitate to chance it.
The closing date is 27 June. Every day I'm "fined" for going over the closing date is actually $250.
I don't think I'm too late in changing anything, but I hesitate to chance it.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
Everything's all wrapped up and done as of this past Thursday.
There was a weird circumstance last week when the VA appraiser showed up on his final walkthrough and walked in on the electricians having to break through the backsplash and drywall to get to the wires necessary for doing the lighting under the cabinets. He couldn't sign off on the inspection and it pushed closing one day later.
But ultimately, it got taken care of and we were able to close without issue. (But we did have to sign all documents with our middle names, so that was odd. Dumb lender rule, I guess.)
We'll slowly move into the house over the month (since we still have a month on our lease) and then, after the hoopla of my retirement ceremony, get all my crap out of my storage in ABQ and properly move in. I'll have time do to things since terminal leave kicks in on the 19th.
Next time I'll just go through Navy Federal from the jump and not even try at other lenders. The broker company was annoying to deal with and, despite having access to all of their lenders, stuck with just one and kept me intrigued on a "float down" option which never conveyed.
There was also this moment when I locked with another lender (which I've found is taboo) and I got a defensive phone call from the broker himself. Should've walked in that moment, honestly, but I stayed because I felt guilty.
But whatever. It's done. I'll move in. And, whenever rates get better, I'll re-fi.
There was a weird circumstance last week when the VA appraiser showed up on his final walkthrough and walked in on the electricians having to break through the backsplash and drywall to get to the wires necessary for doing the lighting under the cabinets. He couldn't sign off on the inspection and it pushed closing one day later.
But ultimately, it got taken care of and we were able to close without issue. (But we did have to sign all documents with our middle names, so that was odd. Dumb lender rule, I guess.)
We'll slowly move into the house over the month (since we still have a month on our lease) and then, after the hoopla of my retirement ceremony, get all my crap out of my storage in ABQ and properly move in. I'll have time do to things since terminal leave kicks in on the 19th.
Next time I'll just go through Navy Federal from the jump and not even try at other lenders. The broker company was annoying to deal with and, despite having access to all of their lenders, stuck with just one and kept me intrigued on a "float down" option which never conveyed.
There was also this moment when I locked with another lender (which I've found is taboo) and I got a defensive phone call from the broker himself. Should've walked in that moment, honestly, but I stayed because I felt guilty.
But whatever. It's done. I'll move in. And, whenever rates get better, I'll re-fi.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
Congrats and unrelated but the market here has gone insane. A house we looked at that went for a little over $600K in summer 2016 sold for $1.05MM a month ago then a better* house across the street couldn’t get $850K this month. We could be (logically) heading back down.
* The second full bathroom isn’t off the dining room.
* The second full bathroom isn’t off the dining room.
Re: The I need to buy a house thread
Thanks! I legitimately cannot fathom trying to live on the east coast, man. Bad weather, high cost of living, and high property costs and taxes.
I'm not inheriting anything tangible from my family when they go, but if I was, I'd sell it immediately. I'm glad I can live in a somewhat affordable city and state.
My military career wasn't the greatest, but retirement is retirement and it put me firmly into a middle class lifestyle.
I'm not inheriting anything tangible from my family when they go, but if I was, I'd sell it immediately. I'm glad I can live in a somewhat affordable city and state.
My military career wasn't the greatest, but retirement is retirement and it put me firmly into a middle class lifestyle.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
Retirement is great! (tho I know you’ll find a new career).
"What a bunch of pedantic pricks." - sybian
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Re: The I need to buy a house thread
So long has you have tech support.
Hold on, I'm trying to see if Jack London ever gets this fire built or not.
Re: The I need to buy a house thread
Giff is just a phone call away!
"What a bunch of pedantic pricks." - sybian
Re: The I need to buy a house thread
I'm looking forward to just not being in the military anymore, honestly. The fact that I'll get my 'freedom dividend,' health care, and base benefits is really, really great, don't get me wrong. But after 21 years with the last 10 and a half of not getting a promotion, I'm just ready to move on.
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
Re: The I need to buy a house thread
Congrats John!Johnnie wrote: ↑Sun Jul 03, 2022 10:13 pmI'm looking forward to just not being in the military anymore, honestly. The fact that I'll get my 'freedom dividend,' health care, and base benefits is really, really great, don't get me wrong. But after 21 years with the last 10 and a half of not getting a promotion, I'm just ready to move on.
I know my sister felt the same way when she got out of the USAF and she was firmly in the chair force. First beer is on me next time you're in Denver.
Did you see that ludicrous display last night?
Re: The I need to buy a house thread
Thanks, buddy. 😁
mister d wrote:Couldn't have pegged me better.
EnochRoot wrote:I mean, whatever. Johnnie's all hot cuz I ride him.
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Re: The I need to buy a house thread
That’s fantastic, Johnnie.
And his one problem is he didn’t go to Russia that night because he had extracurricular activities, and they froze to death.