To sell or not to sell..vol. I need a house!!

yun69un · Jan 6, 2009

buying a house sounds nice but it is a complete headache if you're not buying one that is brand new. being a homeowner is a tough job. a lot work isconstantly needed to be done. make sure you have a home depot credit card as well for the winters and such. also, the winter and summer taxes are outrageous,even though the economy is in a recession, the taxes are still through the roof. don't forget about the water bill and sewage disposal. all these littlebills come into play.
however on the other hand, a condo owner doesnt have to worry about taxes but rather maintainance that is due every month (which would cover damage most of thetime).
think it through and make sure you know what you are getting yourself into

dirtylicious · Jan 6, 2009

just curiuos...how much do you think you can get for the collection?

I'm pretty sure most lenders these days are going to require 20% down

Case · Jan 6, 2009

My wife and I are getting a FHA loan and we only have to have either 3 or 4% down..We got a pretty got interest rate, 6.5% fixed for 30 yr. mortgage..I knowall about the bills when owning a home..I've owned my own home before with my ex-wife..But now that I'm disabled Im thinking of going thecondo/townhouse route since the only maintenance i'd have to do is interior work..But the wife wants a house and I'm trying to tell her that,physically, it's going to be a hardship on me to take care of grass, gutters, snow, leaves and things like that..

And to answer Dirty's ?, The pairs I'd be willing to part with probably add up to about 4-5 thousand..Which aint bad for only about 10-12 pairs..

doublejs07 · Jan 6, 2009

Originally Posted by casekicks

My wife and I are getting a FHA loan and we only have to have either 3 or 4% down..We got a pretty got interest rate, 6.5% fixed for 30 yr. mortgage..I know all about the bills when owning a home..I've owned my own home before with my ex-wife..But now that I'm disabled Im thinking of going the condo/townhouse route since the only maintenance i'd have to do is interior work..But the wife wants a house and I'm trying to tell her that, physically, it's going to be a hardship on me to take care of grass, gutters, snow, leaves and things like that..

And to answer Dirty's ?, The pairs I'd be willing to part with probably add up to about 4-5 thousand..Which aint bad for only about 10-12 pairs..

that's a HIGH rate for 2009...I'm paying 6.5% interest right now, but I bought my house over 2 years ago....I am in the process ofrefinancing, with the hopes of getting a rate around 5.0%. The rates have been dropping, so you should look into refinancing...or (if you haven't bought)waiting it out for the %'s to drop.

delunatic · Jan 6, 2009

to be honest i dont think its worth selling your collection..it probably isnt the same situation but i needed a car for school so i ended up selling some of myshoes to be able to buy it before school started..n i regret selling them

Case · Jan 6, 2009

Originally Posted by DoubleJs07

Originally Posted by casekicks

My wife and I are getting a FHA loan and we only have to have either 3 or 4% down..We got a pretty got interest rate, 6.5% fixed for 30 yr. mortgage..I know all about the bills when owning a home..I've owned my own home before with my ex-wife..But now that I'm disabled Im thinking of going the condo/townhouse route since the only maintenance i'd have to do is interior work..But the wife wants a house and I'm trying to tell her that, physically, it's going to be a hardship on me to take care of grass, gutters, snow, leaves and things like that..

And to answer Dirty's ?, The pairs I'd be willing to part with probably add up to about 4-5 thousand..Which aint bad for only about 10-12 pairs..

Click to expand...

that's a HIGH rate for 2009...I'm paying 6.5% interest right now, but I bought my house over 2 years ago....I am in the process of refinancing, with the hopes of getting a rate around 5.0%. The rates have been dropping, so you should look into refinancing...or (if you haven't bought) waiting it out for the %'s to drop.

Well with our total income combined with the debt that we have, her student loans, its not a bad interest rate nor is it the best..But we figuredout what kind of house we can afford based on the interest rate/taxes/insurance and we're comfortable with the houses we've been looking at..A slightdecrease in interest really isnt going to buy us any better of a house..Beside we'll make up the difference in a descent rate and a good one duringnegotiations for whatere house we buy..Our area is flooded with homes, so it's a good time to buy cause we can really do some good bargaining..

yungmatt · Jan 6, 2009

Originally Posted by casekicks

Im gonna sell..I want a house too much..I'm tired of paying money for something that'll never be "mine"..I'm scared of using ebay..I think I'll just try to sell them to people that contact me thru my sig..I'm not tryin to mess with ebay fees, paypal fees, feedback and all the other mess you have to deal with..So does anybody want some shoes??LOLOL

Yo,use ebay... Start everything at $0.01 and let them sell themselves. Regardless of the fees,Its better than selling anywhere else

knightngale · Jan 6, 2009

house prices are still going down though
and it doesn't seem that will stop anytime soon

I would wait 6 months to a year if I were you and try to reduce debt and increase the downpayment amount

eaalto · Jan 6, 2009

WaMu has some good rates if you have an account....we're looking at 5% fixed 30 year w/ 3-5% down....better than the FHA loan we qualified for.

I know it will be tough at first to let some of your favorite pairs go, but honestly your marriage and your house are way more important than a bunch of shoes.

I promise that if home values bubble again, your money will be more wisely invested in a home than it would be in a bunch of shoes. Sell them while you can.

starbury03 · Jan 6, 2009

Originally Posted by casekicks

Originally Posted by DoubleJs07

Originally Posted by casekicks

My wife and I are getting a FHA loan and we only have to have either 3 or 4% down..We got a pretty got interest rate, 6.5% fixed for 30 yr. mortgage..I know all about the bills when owning a home..I've owned my own home before with my ex-wife..But now that I'm disabled Im thinking of going the condo/townhouse route since the only maintenance i'd have to do is interior work..But the wife wants a house and I'm trying to tell her that, physically, it's going to be a hardship on me to take care of grass, gutters, snow, leaves and things like that..

And to answer Dirty's ?, The pairs I'd be willing to part with probably add up to about 4-5 thousand..Which aint bad for only about 10-12 pairs..

Click to expand...

that's a HIGH rate for 2009...I'm paying 6.5% interest right now, but I bought my house over 2 years ago....I am in the process of refinancing, with the hopes of getting a rate around 5.0%. The rates have been dropping, so you should look into refinancing...or (if you haven't bought) waiting it out for the %'s to drop.

Click to expand...

Well with our total income combined with the debt that we have, her student loans, its not a bad interest rate nor is it the best..But we figured out what kind of house we can afford based on the interest rate/taxes/insurance and we're comfortable with the houses we've been looking at..A slight decrease in interest really isnt going to buy us any better of a house..Beside we'll make up the difference in a descent rate and a good one during negotiations for whatere house we buy..Our area is flooded with homes, so it's a good time to buy cause we can really do some good bargaining..

That's not a bad interest rate for the situation that your describing. I'm going to go ahead and assume that you arn't above the 680 mark creditwise to bring that interest rate down. If you get a lot more for your collection then you expect, maybe you can pay off some of those student loans or othermaybe some other debt (small bills in the hundreds) to bring your credit score up.. But FHA is a good, government secured loan. Good luck homie!

Case · Jan 6, 2009

^^Ya, my score is right around the 675 mark as well as hers..Home prices in my area have remained steady, just seems like alot of people are getting forclosedon due to the local economy..We a have GM plant that employs about 4k people and its closing so people are trying to sell and relocate or get out from underlarge home loans..The time is right for us to buy, and I think Im going to take advantage of the high price shoe market and get rid of just a few gems to getsome extra money to put down..Besides, it's like my mom told me, you can't take any of it with you so might as well sell some and enjoy the rest..

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To sell or not to sell..vol. I need a house!!

yun69un

dirtylicious

Case

doublejs07

delunatic

Case

yungmatt

knightngale

eaalto

starbury03

Case

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