advice on offering on a house

[sdcellar]

Near as I can tell from looking at the property is that it looks to be one and a half houses. That’s half of what it sounds like you have now. I’ll grant you the large lot, but unless somebody’s idea of the high life is living in a tent, I’m not sure how this place is going to work for what sounds like three families. That would be my biggest concern if I were you.

Granted you’ve seen it and I haven’t, so I may be missing something, but I’d also consider what_a_disasta’s comment on buying as a collective. And not to mention that $425K nets you $1,750 a month before taxes pretty easily.

And yeah, finally, take the advice of the others who’ve posted and don’t worry one bit about getting a sale for your agent. He works for you and the purchase has to make sense to you (and your group) both financially and with regard to quality of life. You’ll be living with your decision for a long time.

[eccen in esc]

eccen in esc

brrrr – my feet are getting colder by the minute. I have a lot of serious thinking to do. All this advice has been excellent and I will be considering it all very carefully.

As far as hot this summer, well the house does have a pool.

And I don’t like the thought of leaving the piggingtons either.

Thanks to every one of you who took time to contribute to practical and sensible solutions to my dilemma. I really do appreciate all the input.

[eccen in esc]

eccen in esc

brrrr – my feet are getting colder by the minute. I have a lot of serious thinking to do. All this advice has been excellent and I will be considering it all very carefully.

As far as hot this summer, well the house does have a pool.

And I don’t like the thought of leaving the piggingtons either.

Thanks to every one of you who took time to contribute to practical and sensible solutions to my dilemma. I really do appreciate all the input.

[SD Realtor]

Eccen whether you buy or not I hope you stick around. Many people who already bought still hang around.

SD Realtor

[SD Realtor]

Eccen whether you buy or not I hope you stick around. Many people who already bought still hang around.

SD Realtor

[NotCranky]

Critter, Maybe they put the money in good investments over the years? I know lots of super smart people in similiar situations.I bought my house for 90k owed 400k when I sold it for 575k . OOPs forgot to say the difference got me a much better house in a better location for me and my family free and clear. the 90-400k was invested in real estate mostly. Those trips to Spain and Agentina and the cars paid cash for me instead of my landlord were all nice too. Working part time is cool too. Too bad I ran my mortgage up to 400k.Watch out for that avalanche!!!!!!

Yes maybe they have squandered their nest egg. We know lots of people like that too.

[NotCranky]

Critter, Maybe they put the money in good investments over the years? I know lots of super smart people in similiar situations.I bought my house for 90k owed 400k when I sold it for 575k . OOPs forgot to say the difference got me a much better house in a better location for me and my family free and clear. the 90-400k was invested in real estate mostly. Those trips to Spain and Agentina and the cars paid cash for me instead of my landlord were all nice too. Working part time is cool too. Too bad I ran my mortgage up to 400k.Watch out for that avalanche!!!!!!

Yes maybe they have squandered their nest egg. We know lots of people like that too.

[Critter]

I know a few people who have walked the tightrope between taking their equity out in advance and investing it wisely – and others who have spent it foolishly, paying extra interest every month, and ended up wondering what happened to all their good intentions when the house finally sold and they had to bring a check to closing.

Some have thought their “genius” at buying property which increased in value would mean even more luck in the stock market and didn’t do their homework when investing.

It takes a supreme amount of discipline to do what you have done – commendations for that. I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down…. that said, I knew a guy who paid $32K for a really nice house on a hill in PB in 1962, and when he died in 2005 he owed that and much more!

[Critter]

I know a few people who have walked the tightrope between taking their equity out in advance and investing it wisely – and others who have spent it foolishly, paying extra interest every month, and ended up wondering what happened to all their good intentions when the house finally sold and they had to bring a check to closing.

Some have thought their “genius” at buying property which increased in value would mean even more luck in the stock market and didn’t do their homework when investing.

It takes a supreme amount of discipline to do what you have done – commendations for that. I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down…. that said, I knew a guy who paid $32K for a really nice house on a hill in PB in 1962, and when he died in 2005 he owed that and much more!

[NotCranky]

I was very lucky too. Something about “preparation meeting opportunity”. Anyway I am still relatively young.I am aware I could fall on my face tomorrow if I don’t watch my step.That type of concern seems to be lacking in the players that made this Housing bubble.

“I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down..”

It is not unusual for us to need or want to use our assets to live on in old age. They may have had a reverse mortagage. We should try not too be to harsh(or brag too much in my case).We might be in their shoes one day.

Lecture OFF.

[NotCranky]

I was very lucky too. Something about “preparation meeting opportunity”. Anyway I am still relatively young.I am aware I could fall on my face tomorrow if I don’t watch my step.That type of concern seems to be lacking in the players that made this Housing bubble.

“I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down..”

It is not unusual for us to need or want to use our assets to live on in old age. They may have had a reverse mortagage. We should try not too be to harsh(or brag too much in my case).We might be in their shoes one day.

Lecture OFF.

[eccen in esc]

eccen in esc

update: needless to say, like a proper piggingtonian I did not buy this place; my lowball verbal didn’t fly. Apparently it was bought by an “investor”. Wonder what it went for. I am getting used to waiting now, watching from the sidelines and getting more accustomed to my rental.
Love you all,

“Think of the most selfless thing to be,
Send it to the whole humanity
you and me”

[eccen in esc]

eccen in esc

update: needless to say, like a proper piggingtonian I did not buy this place; my lowball verbal didn’t fly. Apparently it was bought by an “investor”. Wonder what it went for. I am getting used to waiting now, watching from the sidelines and getting more accustomed to my rental.
Love you all,

“Think of the most selfless thing to be,
Send it to the whole humanity
you and me”

[eccen in esc]

eccen in esc

update: needless to say, like a proper piggingtonian I did not buy this place; my lowball verbal didn’t fly. Apparently it was bought by an “investor”. Wonder what it went for. I am getting used to waiting now, watching from the sidelines and getting more accustomed to my rental.
Love you all,

“Think of the most selfless thing to be,
Send it to the whole humanity
you and me”

[Critter]

Thanks for keeping us up to date – and congratulations on your first refused lowball!

It takes a lot of guts to present a possible scenario on this board and open it up for debate, another thing to be proud of. I wonder what happened to ole VC23915 or whatever his name was that was buying in Temecula despite three threads and 80 opinions not to?!?

[Author]

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