Are there any homeowners here?
- Thread starter KennyReno
- Start date
KennyReno
Prisoner Of The State
Re: Share some info!
Well, theres a lot to deal with: where you're moving to, Credit history, who you know in the business of real estate. My Godfather helped me out in my journey. The house was originally priced at about $19K. It went down to $15,338.76. Another note is to see if you have enough money to pay for it with mortgage payments and if you take out a loan. I paid for it all in one shot. I got a nice lil 2 bedroom spot. Now another factor is repairs. I just paid $8 Gs for the work done. And if you do buy one, get some insurance on it quick!!!!!!! My agent has a map of flood zones in his office and according to what I saw, I wasn't in one. Before you decide to buy, inspect your home carefully. Foundation status, insulation, and the total stability of the home itself plays a role because of energy payments. My house is on a concrete slab so I don't have to worry about anything or anyone runnin' up under the house. Good luck on you're endavors!!!!!!!!!!!!
Well, theres a lot to deal with: where you're moving to, Credit history, who you know in the business of real estate. My Godfather helped me out in my journey. The house was originally priced at about $19K. It went down to $15,338.76. Another note is to see if you have enough money to pay for it with mortgage payments and if you take out a loan. I paid for it all in one shot. I got a nice lil 2 bedroom spot. Now another factor is repairs. I just paid $8 Gs for the work done. And if you do buy one, get some insurance on it quick!!!!!!! My agent has a map of flood zones in his office and according to what I saw, I wasn't in one. Before you decide to buy, inspect your home carefully. Foundation status, insulation, and the total stability of the home itself plays a role because of energy payments. My house is on a concrete slab so I don't have to worry about anything or anyone runnin' up under the house. Good luck on you're endavors!!!!!!!!!!!!
Nothing like home ownership.....I've been in mine for about 9 years now. I'm not throwing money away by renting or leasing like I had to do during my 20's. It's good to see a person so young get a home and start working on it. You seem to have a good starter home and it will assist you when you're ready to move up into a larger one in the years to come.
THE ENFORCER
"CHOSEN ONE"
Congrats, My wife and I have been Homeowners for about a year and a half. It's definitely a blessing, and it beats paying rent knowing that you'll own it in full one day.
(GOD WILLING)Also, did you know that if you payed a little extra on your note each month(ie, 20-100) it could knock off 7-8 years. Something to think about......:idea:
KennyReno
Prisoner Of The State
Re: Re: Are there any homeowners here?
The way I did it was a single in-full payment shot. No notes here, just taxes and insurance. But I'm sure that the info you just shared is useful to those on a mortgage payment plan.
Originally posted by THE ENFORCER
Congrats, My wife and I have been Homeowners for about a year and a half. It's definitely a blessing, and it beats paying rent knowing that you'll own it in full one day.
Also, did you know that if you payed a little extra on your note each month(ie, 20-100) it could knock off 7-8 years. Something to think about......:idea:
The way I did it was a single in-full payment shot. No notes here, just taxes and insurance. But I'm sure that the info you just shared is useful to those on a mortgage payment plan.
Robber
Consigliere
I'm into my 3rd year of home ownership. Wish I coulda paid for this joint in one shot. Anyone interested should really see a real estate agent who works closely with lenders. They are great at finding your home and mortgage.
At this time, I'm buying plants and shrubs to beautify my yard, courtyard and pool area. Then it's on to re-doing my deck. This stuff is expensive. But I wouldn't trade it for the world.
At this time, I'm buying plants and shrubs to beautify my yard, courtyard and pool area. Then it's on to re-doing my deck. This stuff is expensive. But I wouldn't trade it for the world.
Jaguar Diehard
Active Member
Hey Nah!!
Congrats on the new home!
Hey MsJ4J!!!
You never did tell me how the "negotiations" worked out?
Congrats on the new home!
Hey MsJ4J!!!
You never did tell me how the "negotiations" worked out?
Dr. Sweet NUPE
New Member
Congratulations!!!!!!
Congratulations!!!!! I'm on my 3rd!!!! If you move always buy another one no matter where you live because you keep building equity!!!!!!
Congratulations!!!!! I'm on my 3rd!!!! If you move always buy another one no matter where you live because you keep building equity!!!!!!
Smiley
New Member
Congratulations is in order!!!!!!
You have made one of the best investments and you will never go wrong. We have been in our current home for 10 years and it feels good. I also have a home paid for that my mother lives in, that is a blessing alone. We took out a mortage on the house my mother stays in and replaced windows, doors, new roof, installed central air and enlarged the patio. In 20 years the investment doubled, so if you take care of it, it will take care of you. The time now is sweat equity.....maintaining the yard, planting flowers & shrubs, building a deck, wall papering & painting, and just simple repairs. Be constantly aware of your neighbors and the repairs they are making.....why? Well, the houses in my neighborhood were built around the same time......old hot water heaters were on the curb; guess what - our hot water heater when out, dishwashers out on the curb; our dishwasher had to be replaced -get my drift. Get to know your neighbors especially the ones across the street and next door....why? You'll be leaving town for a few days or week and your "good" neighbors will look out on your house while you're gone, they may even water your plants, pick your newspapers, look out for your kids, etc. I live in a working class neighborhood, the neighbors are not busy bodies but I "make" time to chat because they are always on the lookout.
You have made one of the best investments and you will never go wrong. We have been in our current home for 10 years and it feels good. I also have a home paid for that my mother lives in, that is a blessing alone. We took out a mortage on the house my mother stays in and replaced windows, doors, new roof, installed central air and enlarged the patio. In 20 years the investment doubled, so if you take care of it, it will take care of you. The time now is sweat equity.....maintaining the yard, planting flowers & shrubs, building a deck, wall papering & painting, and just simple repairs. Be constantly aware of your neighbors and the repairs they are making.....why? Well, the houses in my neighborhood were built around the same time......old hot water heaters were on the curb; guess what - our hot water heater when out, dishwashers out on the curb; our dishwasher had to be replaced -get my drift. Get to know your neighbors especially the ones across the street and next door....why? You'll be leaving town for a few days or week and your "good" neighbors will look out on your house while you're gone, they may even water your plants, pick your newspapers, look out for your kids, etc. I live in a working class neighborhood, the neighbors are not busy bodies but I "make" time to chat because they are always on the lookout.