- Pregnancy
- Baby & Toddler
- Parents
- Getting Pregnant
- Baby Names
- Product Reviews
-
Registry
- Community
-
More
Want a personalized experience?
Download the free app
Parenting
GHM - let's see a link
So let's see this house. Give us the link!
This discussion has been closed.
Re: GHM - let's see a link
Here's the outside.
Don't you love the brick wallpaper?
The outside looks nice and you can see potential in the kitchen. GL with whatever you decide.
I just really think if it has been on the market for 14 months then they need you a lot more than you need them - so stay strong!
GL!
I could not agree more they want to sell this house, you need to stay strong and demand they cover a lot of the expenses.
I like it, GHM. You'll make it look great. But, keep the kitchen wallpaper. About where is it?
Mom and I are coming up next weekend. Mom is staying at Aimee's and I'm going to brooke's in Nicholasville.
Championmama--I FB'ed you to tell you where it is. Send me a message next week--I'm kinda busy, but if you have time to hang out, let me know.
The potential in the house really is amazing. Here's the main thing that keeps me hanging on. Our price range isn't high. We can either afford a house that needs work in a great neighborhood, or we can afford a home that doesn't need much work, in a neighborhood that I really wouldn't want to raise my family in. We're moving to a small town, so it's not crime we're talking about, but trash piled up on the back porch. The neighborhood here is the major selling point. FWIW, the house payment would be about 10% of our income--we're not talking an expensive house here. So yeah, some of this is scary, but in the end, the outcome of the house could outweigh the negatives right now--barring moving out of the area, we would live there forever. We are okay with fixing things slowly. If the house appraises for asking price, we'll still go for it. We're okay with that. The thing that will make us walk away is if it doesn't appraise for that, and we'd be stuck paying closing costs, and not left with initial money to do the things that must be done immediately. And that IS hard. Maybe people don't have to really worry about it here in nestland, but the opportunity to get into an awesome neighborhood is a big selling point to us.
if the house doesn't appraise for the asking price then it's THEIR problem. It's their house to sell. If they overpriced it then why would you have to incur that cost?
You need to make this decision with your head and wallet - not your heart!
Maybe I am wrong but didn't they extend the first time homebuyers tax credit into this year? If so you could get that$ 8000 to use for initial updates. I know you can apply to receive it prior to filing 2010 taxes too, my sister closed on her house this past September and they were able to apply to receive that money before they filed this year.
10% of your income?!?!?!!? Whaaaat? Well then in that case I would not over worry about the money...you can clearly more tha afford the mortgage. Worry about whether you are getting screwed on the value of the home but at 10% of your income you could save for repairs. Sounds like this all hinges on the appraisal.
And again 10% of your income. So lucky!
Grace--exactly. I'm not worried about making the money to make the repairs that need to be done over time--because we can save money rather quickly. I AM worried about them having to drop the price and making us pay the closing costs, because there are a few things that have to be done before we can move in--like paint. It's going to cost a lot to paint the walls in that house. Window treatments--that adds up. The things like putting drywall up can be done one room at a time, as we have the money. We can save a couple of years for the windows.
And FWIW, the utilities are surprisingly low. We called and got the numbers, and in the winter, the high for the gas heat is $250, and $100-150 for electric. The heat was set to 66 (and locked, since it's a rental), and it was comfortable in there. It was warmer than our 1100 sq ft house that we live in now.
I agree with this. There is something fishy about the sellers suddenly having all this drama. If the house has been on the market that long, they need to sell it.
I do understand seeing a house and falling in love with it. It's hard to walk away from that.
If the mortgage payments are really that low, you may be able to get by for a few months while you re-build your savings. It really depends a lot on if you can make the initial higher cost work.
Good luck! I hope things work out for you.
Charlotte Ella 07.16.10
Emmeline Grace 03.27.13
This, when we sold our townhome, the realtor priced it high. People offered our asking price, in the end it appraised about 4K lower. We ended up w/4k less than what we thought we were getting. GL.
They 'said' those were the energy costs. Get the paperwork! I find that so, so hard to believe. My friends have an older house (younger than that) with less square footage and their bill is way more.
Also re: 'only' 10% of your income. That's not relevant. What matters is the value of the home. If I could 'afford' a 250k trailer in a trailer park.. should I buy it? No. If you can afford to pour good money after bad then I guess that's your perogative. But realize that you may end up paying 400k for a house that will never be worth more than $200. And you can NEVER say that you'll be in a house forever. You just can't.