[quote=SD Realtor]CAR you make to much sense. The only caviot would be if the buyer does not plan to own the home for more then a few years, which I would definitely not recommend.
ar[/quote]
Exactly right, SDR. If the buyer only intends to live there for a few years, all bets are off the table. There’s a high probability that they will lose money (IMHO, of course).
BTW, thanks for being such a good sport on JTR’s blog. I really enjoyed your interviews. If we have another Pigg get-together, your food/drinks are on me. 🙂
You guys make perfect sense. We bought and sold two homes from 2001 to 2006, but it’s a different era now, obviously.
We plan to stay for the full seven years. We have kids and are moving to an area with two 900-API schools — Discovery Elem. and San Elijo Middle School. (Yipee!)
If we sell solely because of a nasty rate reset, the transaction costs quickly eat away at the interest savings/bit lower principal balance, which appear fairly sizable on paper. The interest difference between the fixed and the hybrid ARM is $100 a month.
You guys make perfect sense. We bought and sold two homes from 2001 to 2006, but it’s a different era now, obviously.
We plan to stay for the full seven years. We have kids and are moving to an area with two 900-API schools — Discovery Elem. and San Elijo Middle School. (Yipee!)
If we sell solely because of a nasty rate reset, the transaction costs quickly eat away at the interest savings/bit lower principal balance, which appear fairly sizable on paper. The interest difference between the fixed and the hybrid ARM is $100 a month.
You guys make perfect sense. We bought and sold two homes from 2001 to 2006, but it’s a different era now, obviously.
We plan to stay for the full seven years. We have kids and are moving to an area with two 900-API schools — Discovery Elem. and San Elijo Middle School. (Yipee!)
If we sell solely because of a nasty rate reset, the transaction costs quickly eat away at the interest savings/bit lower principal balance, which appear fairly sizable on paper. The interest difference between the fixed and the hybrid ARM is $100 a month.
You guys make perfect sense. We bought and sold two homes from 2001 to 2006, but it’s a different era now, obviously.
We plan to stay for the full seven years. We have kids and are moving to an area with two 900-API schools — Discovery Elem. and San Elijo Middle School. (Yipee!)
If we sell solely because of a nasty rate reset, the transaction costs quickly eat away at the interest savings/bit lower principal balance, which appear fairly sizable on paper. The interest difference between the fixed and the hybrid ARM is $100 a month.
You guys make perfect sense. We bought and sold two homes from 2001 to 2006, but it’s a different era now, obviously.
We plan to stay for the full seven years. We have kids and are moving to an area with two 900-API schools — Discovery Elem. and San Elijo Middle School. (Yipee!)
If we sell solely because of a nasty rate reset, the transaction costs quickly eat away at the interest savings/bit lower principal balance, which appear fairly sizable on paper. The interest difference between the fixed and the hybrid ARM is $100 a month.
