Buy my house...

[theGibber1]

House just went on market. If any of you lads know anyone looking for a house in north Dallas area send em our way.

Listing link

http://www.remax.com/m/search.html#details/201733667/photos/60140050

 

[Mr. Poon]

Didn't you post your house for sale on here a year or two ago or was that a friend's house?

 

[The Joker]

Dude!! WTF!!!!

You said it was your dream house when you bought it.


You must be rolling in Obamacare dough if you're upgrading from your dream house. :0003

 

[fatdaddycool]

Right down the road from the boat ramp Gibby. You aren't far from me at all. Do you go to Sneaky Petes for lunch or anything like that ever?

 

[theGibber1]

Dude!! WTF!!!!

You said it was your dream house when you bought it.


You must be rolling in Obamacare dough if you're upgrading from your dream house. :0003

Joker,

It is a dream house and we are blessed. But we were lucky enough to get this home from the bank on a foreclosure for tons less than we originally thought... We practically stole the thing.. Anyway now the nieghborhood has rebounded we have a ton of equity in the home.. Smaller houses without the upgrades we have going up next to us that are like 130,000 more than what we paid for ours..
So we are cashing in and putting it up now while interest rates are still low..

We love the neighborhood and are actually building across the road. Our house is great but I need a 3 car garage for my work shit and i would like a bigger yard for my girls. Wait till you see this new one baby.. It's stunning.

 

[theGibber1]

Right down the road from the boat ramp Gibby. You aren't far from me at all. Do you go to Sneaky Petes for lunch or anything like that ever?

I go to Pete's for ticket stock now and again. I am a big P1 of the ticket. But yeah I'm in lewesville all the time for work.. We're are you hanging your hat these days?

 

[fatdaddycool]

I'm still in Keller brother but I'm out your way all the time for work or play . A couple kids I coached now play fire the fighting farmers lol

 

[MadJack]

Joker,

It is a dream house and we are blessed. But we were lucky enough to get this home from the bank on a foreclosure for tons less than we originally thought... We practically stole the thing.. Anyway now the nieghborhood has rebounded we have a ton of equity in the home.. Smaller houses without the upgrades we have going up next to us that are like 130,000 more than what we paid for ours..
So we are cashing in and putting it up now while interest rates are still low..

We love the neighborhood and are actually building across the road. Our house is great but I need a 3 car garage for my work shit and i would like a bigger yard for my girls. Wait till you see this new one baby.. It's stunning.

You're selling for $355K with a realtor so there goes ~10% so you pocket ~$315.

You paid MORE than that for it with the finishing repairs of $20 some K. :shrug:

http://www.madjacksports.com/forum/showpost.php?p=2435307&postcount=14

:shrug:

 

[theGibber1]

You're selling for $355K with a realtor so there goes ~10% so you pocket ~$315.

You paid MORE than that for it with the finishing repairs of $20 some K. :shrug:

http://www.madjacksports.com/forum/showpost.php?p=2435307&postcount=14

:shrug:

Man those old pics look funny

Currently we owe 248,000

The realtor signed a contract to take a comission cut on the sale if we use her when buying the new one.. Her cut will only be 4.5 percent. The builder, Highland Homes, will pay her commissions on the new house..

10%? Is that what you guys pay there? Here the usual I think is 6%

 

[MadJack]

Man those old pics look funny.. May have mistyped. My brain was moving a mile a minute..We paid. 310 including the repairs.

Currently we owe 248,000

The realtor signed a contract to take a comission cut on the sale if we use her when buying the new one.. Her cut will only be 4.5 percent. The builder, Highland Homes, will pay her commissions on the new house..

10%? Is that what you guys pay there? Here the usual I think is 6%

No, we pay 6% but there are closing costs. After all said and done, you may as well say 10%. You shouldn't have to pay any commission on your new purchase anyway, the seller pays that.

You just made it sound like you made a huge score here and I don't see it.

Good luck on the new place. :toast:

 

[theGibber1]

No, we pay 6% but there are closing costs. After all said and done, you may as well say 10%. You shouldn't have to pay any commission on your new purchase anyway, the seller pays that.

You just made it sound like you made a huge score here and I don't see it.

Good luck on the new place. :toast:

Yeah sorry didnt really mean to come off that way.
We have managed to pay huge chuncks.. So I guess it feels like we made more... Currently owe 248k if we can sell it for 350 even after closing costs and fees and commisions we will have more than enough for down payment for the house with the 3 car garage and bigger yard.. and keep our payments about the same

I never thought I wanted a yard. But now my 3 yr old wants to play outside a lot and there just isnt any space back there

 

[saint]

Joker,

Anyway now the nieghborhood has rebounded we have a ton of equity in the home.. Smaller houses without the upgrades we have going up next to us that are like 130,000 more than what we paid for ours..
So we are cashing in and putting it up now while interest rates are still low..

So you purchased for 310k, so the neighboring house is on the market for 440k, yours is bigger and has more upgrades and you list for 355k?

:thinking:

 

[Nole]

Gosh Gibber, glad you started this thread?


:mj07:







Congrats on the new home!


:toast:

 

[Wineguy]

Gosh Gibber, glad you started this thread?


:mj07:







Congrats on the new home!


:toast:

This whole thread makes no sense :shrug: . Congrats though, I think. Saint makes exactly the point I was thinking.

 

[fatdaddycool]

Good luck and congrats on the upgraded newer dream house Gibber. I hope you guys love it.

Not sure why it matters to anyone what you buy and sell your house for but good to know that you have so many folks that care so much about your personal business.

 

[THE KOD]

Not sure why it matters to anyone what you buy and sell your house for but good to know that you have so many folks that care so much about your personal business.

yeh tell me about it

geezzz louise

 

[saint]

Good luck and congrats on the upgraded newer dream house Gibber. I hope you guys love it.

Not sure why it matters to anyone what you buy and sell your house for but good to know that you have so many folks that care so much about your personal business.

Um...I'm quite sure that when one devotes an entire thread to the listing of their home, and provides a link to their home address on a random internet forum, well, it's not personal business anymore. And as such, they obviously open themselves to comments about their business, which is no longer personal.

The motivation behind the posts is quite obvious if you've followed the forum through the years.

 

[marine]

Bought it for 310k
Selling now for 355k
6% realtor cut will knock it down to 334k
If you have to make any concessions or credits to the buyer's for one thing or another, you are getting closer and closer back to that 310k mark.

Now, given that you only owe 248k on it, you've paid off some money on it, which really - you're simply freeing up your money/equity to use as a down payment on the new house.

Given that seems to be what you need, and that you'll be staying in the same neighborhood - I'd encourage you to explore the idea of taking out an equity loan on the house you have, using that as the down payment amount on the new home being built - and KEEP this original house and rent it out.

In 5 years you'll be able to post even better threads about having huge equity in TWO properties then.

 

[THE KOD]

We have managed to pay huge chuncks.. So I guess it feels like we made more...

Glad Obama came through for you.

economy picking up


lots of money to be had


congrats !

 

[THE KOD]

Given that seems to be what you need, and that you'll be staying in the same neighborhood - I'd encourage you to explore the idea of taking out an equity loan on the house you have, using that as the down payment amount on the new home being built - and KEEP this original house and rent it out.

In 5 years you'll be able to post even better threads about having huge equity in TWO properties then.

carrying two mortgages for any length of time
can really upset the applecart.

There are rental firms that will do it for you and place the people.

Either way the selling and moving co ordination is a pain in the ass.