Another note--I though foreclosures were take as is?
Was the truck driver bf the one who gave you the dog that got lost?
Was the truck driver bf the one who gave you the dog that got lost?
Buying a house is the most stressful thing I've ever done.
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 LisaChasez |
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Posts: 106004 (03/16/2009 12:49 PM) JC Fanatic '03
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texaskiwi85 |
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Posts: 6727 (03/16/2009 12:49 PM) |
I hope you're not getting into this believing your only costs are related to the mortgage and utilities. If you're aware of the tons of other costs
associated with a house, good luck. Otherwise you should look at all the costs involved.
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Lex Luthor |
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Posts: 35 (03/16/2009 12:50 PM) |
xxFallOutGirlxx wrote: How do you not know which option you're taking? |
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xxFallOutGirlxx |
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Posts: 2928 (03/16/2009 12:51 PM) |
No, I know the other costs of buying a house. I'm prepared for it and I am ready for it or I wouldn't be putting myself through this.
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mashedpotatoes |
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Posts: 3 (03/16/2009 12:51 PM) |
xxFallOutGirlxx wrote:But even if you've never owned a home, I'm assuming you've paid a bill before. Why would you think it makes any sense to pay 100 bucks a month on this house? Unless you can only afford 100 bucks a month as a mortgage payment, in which case, don't buy a house. But with two incomes, why not pay like 2,000 a month and pay it off in a year? Or even just 1,000 a month? |
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Lex Luthor |
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Posts: 36 (03/16/2009 12:53 PM) |
gravis911 wrote: Didn't she already make an offer? |
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texaskiwi85 |
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Posts: 6729 (03/16/2009 12:55 PM) |
xxFallOutGirlxx wrote:I'm talking about maintenance on the house. Make sure you get a home inspection and home warranty as well. |
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hoosierette2007 |
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Posts: 1368 (03/16/2009 12:55 PM) |
I feel like it is my duty as a fellow human being to say this to you: Do NOT get a 30 year mortgage on something that costs 21k. That is less than the price of a new car and most people pay off new cars in less than 5 years.
Another note--I though foreclosures were take as is? 
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LisaChasez |
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Posts: 106005 (03/16/2009 12:55 PM) JC Fanatic '03
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If there are five other people bidding, she's not going to get this house
Swear to god I remember that you were so broke a few months ago you were selling things. |
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xxFallOutGirlxx |
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Posts: 2929 (03/16/2009 12:56 PM) |
I don't know which one because my offer hasn't even been accepted yet and they said I have different options to choose from depending on what
condition the house is in once an inspection is done. I have the option of choosing the loan where the bank would add extra money onto it for a contractor to
come in and do all of the work needed, if thats what I want. The realtor told me not to worry about the loan part until we got a response on the offer.
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Lex Luthor |
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Posts: 37 (03/16/2009 12:57 PM) |
xxFallOutGirlxx wrote: Your realtor sounds shady. |
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xxFallOutGirlxx |
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Posts: 2930 (03/16/2009 12:59 PM) |
Yea around the holidays I posted about being broke. Since then I've gotten a raise at work, paid off my debts and with the help of my boyfriend I've
saved some money. My parents and his parents are also being very supportive and offering to help out a little if we need it.
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texaskiwi85 |
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Posts: 6730 (03/16/2009 1:00 PM) |
Lisa, you are correct! They're going to go with the highest offer. I was in a similar situation with a house we put an offer on. There were 16 other offers
(we didn't know this until after we submitted). The asking price was $113k for a house that was valued at $185k. It had only been lived in for 6 months and
had sat empty the rest of the time. The home was basically brand new even though it was built in late 2005. There were two people who had higher offers and
they went with them. If we had known so many other people were putting offers in beforehand we would have done ours for a lot more.
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xxFallOutGirlxx |
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Posts: 2931 (03/16/2009 1:01 PM) |
Now I'm more nervous because I feel stupid about the situation.
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PudgieBelly |
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Posts: 896 (03/16/2009 1:03 PM) |
How much was your offer?
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texaskiwi85 |
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Posts: 6731 (03/16/2009 1:03 PM) |
You need to worry about getting preapproved first. Otherwise everything you are doing is a waste of time. If you're not preapproved they will probably not
even take your offer seriously to begin with.
Get a lender, get approved and THEN look for a house. You're doing this backwards. |
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SparklyBlonde |
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Posts: 27314 (03/16/2009 1:05 PM) |
texaskiwi85 wrote:She said in the original post that she waited all day for pre-approval before submitting the offer. At least I think that's what she means. How much did you offer? |
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xxFallOutGirlxx |
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Posts: 2932 (03/16/2009 1:05 PM) |
I've already been pre-approved. I offered more than what they were asking but I had to be realistic because the house does need work and I wasn't going
to offer an outrageous amount. I also was not aware there were other bids until half way through the paper work for the offer last night at 9:00
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xxFallOutGirlxx |
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Posts: 2933 (03/16/2009 1:07 PM) |
I offered $23,500. Its bank owned since its a foreclosure so the seller won't get a profit, right?
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SparklyBlonde |
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Posts: 27315 (03/16/2009 1:09 PM) |
How sad that it's in foreclosure when they only owe $21k on it.
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