Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Anybody in real estate?
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 7736082:MV8yMDY3OTQ5XzM0Nzk2NDM5XzczNkE1Qjk2] [quote:Anonymous Coward 23794435:MV8yMDY3OTQ5XzM0Nzk2MzkwX0Y1MTYxRDNE] [quote:Anonymous Coward 4555299:MV8yMDY3OTQ5XzM0Nzk2MDc4XzY3MDgwNkQ4] Not a Real Estate Agent here but have been through the process several times. First of all, I cannot imagine anyone wanting to be a home owner at this particular time because of economical and other reasons (Fiscal cliff, Tax increases or loss of home owner deduction), etc. Much better to hold tight and rent untill things get better. If really firm on wanting to own then you might consider buying a house that is headed for foreclosure. Motivated sellers there. Another option would be to buy a foreclosed house for 10-15 thousand and spend the rest of your savings putting it back in livable condition. Most have been vandalized (copper plumbing, wiring, air conditioner unit, etc.). Things to think about. [/quote] [b]"....much better to hold tight and rent until [i]things get better[/i]" [/b]??????? How long have you been on GLP? Kudos to you, OP, for saving a big down payment. I'm just a nobody (not THE nobody)...but I would say you have the right idea to get a cheap house, pay a lot of it down and have hope of paying it off soon, or at the very least, have a payment that is manageable (lower than rent)...especially if you find a place where taxes are extremely low. Yearly taxes (spread out monthly) can be as much as the house payment, effectively doubling your monthly payment. Don't forget to factor the taxes in when you are calculating. Many people don't understand how that works. [/quote] Yeah I've looked into that a bit too, the houses I'm targeting seem to ust be arpund $500 yearly tax so that shouldn't be a problem at all. [/quote]
I officially now have $30,000 saved up to buy a new home howeber I have very little credit. I only have one Visa card that I've had about 2 years. I get many offers in the mail just havn't followed up on getting a second one yet.
But If I'm looking for homes priced around $60,000 to $80,000 and put up around $20 to $25,000 for a downpayment (including closing costs) does my credit score really matter? My goal would be to have my morgage around $350 a month or cheaper. I take home after taxes about $1,400 a month.
First time home buyer so any help GLP can offer I would greatly appreciate it.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Coal Company Cuts Off Ex-Miners From Their Health Benefits
Nevada Lawmaker Says U.S. Should Expect Americans to 'Fire Back'
HMRC to sell taxpayers' financial data
Pentagon-sponsored study opens door for super lasers, weather control
Biometric identification that goes beyond fingerprints
Cancer-causing atrazine is world’s No. 1 drinking water contaminant
Newly released Clinton document describes Internet as ‘right wing’ tool of ‘conspiracy commerce’
Gross but True: Eating in Restaurants Doubles Your Risk of Getting Sick
Did We Just Lose 85,000 U.S. Jobs to Foreign Workers?
$10 DIY Alarm System That Calls Your Cellphone
Ranchers Under 24-Hour Surveillance…for What??
Watch Amazing Meteor-Like Object Over Russia’s Murmansk Caught On Dash-Cams Last Night
Facebook Pulls "Everytown for Gun Safety" Page after Pro-Gunners Grabbed It before Bloomberg
30 Years After Chernobyl’s Meltdown, Gripping Photos Expose the Human Fallout
Using Tiny 3-D Printed Parts to Hack Other Products
White House highlights Obama’s (horrible) immigration plan
Nevada rancher whose land was taken by BLM over water rights tells it all
Creepy autonomous AI CCTV surveillance network watches all of Boston
Behind the Seventies Science Experiment That Studied Whether You’d F*ck a Stranger
Miraculous Holy Fire lit in Jerusalem, to be delivered worldwide
Surprising Wild Weed Can Be Used To Improve Health And Even Make Beer
Russia Wants Permanent Moon Base
Fusion Center Locations in the U.S.
Are You Ready For The Price Of Food To More Than Double By The End Of This Decade?
Have Scientists Found an Easier Way to Depopulate the Planet?
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.006s (5 queries)