Selling my House (Part 1)

[patb]

how much would it rent for?

the house next door rented at 1600/month
maybe a tad more.

[sdrealtor]

Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.

[sdrealtor]

Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.

[sdrealtor]

Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.

[sdrealtor]

Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.

[sdrealtor]

Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.

[an]

Personally, I don’t know much about Norman, Oklahoma. However, if that place can rent for $1600/month, I wouldn’t pay much more than $250k for it based on today’s interest rate. But that’s just me. $250k @ 6.5% interest rate will give you ~$1600/month in mortgage.

[an]

Personally, I don’t know much about Norman, Oklahoma. However, if that place can rent for $1600/month, I wouldn’t pay much more than $250k for it based on today’s interest rate. But that’s just me. $250k @ 6.5% interest rate will give you ~$1600/month in mortgage.

[an]

Personally, I don’t know much about Norman, Oklahoma. However, if that place can rent for $1600/month, I wouldn’t pay much more than $250k for it based on today’s interest rate. But that’s just me. $250k @ 6.5% interest rate will give you ~$1600/month in mortgage.

[an]

Personally, I don’t know much about Norman, Oklahoma. However, if that place can rent for $1600/month, I wouldn’t pay much more than $250k for it based on today’s interest rate. But that’s just me. $250k @ 6.5% interest rate will give you ~$1600/month in mortgage.

[an]

Personally, I don’t know much about Norman, Oklahoma. However, if that place can rent for $1600/month, I wouldn’t pay much more than $250k for it based on today’s interest rate. But that’s just me. $250k @ 6.5% interest rate will give you ~$1600/month in mortgage.

[temeculaguy]

1600 rent is 200-225k in my book for investment properties here, I suppose that same math would be applied elsewhere but without prop 13 protection I might adjust downward. I feel proud of myself, i guessed 225 without knowing the rent, I’m getting pretty good at this stuff.

I’m sticking with 225k for the sake of the betting pool, that’s where it pencils out as a rental and that is where a renter decides to buy. Curiously, that is what I pay in rent and I can buy my place for 200k. I don’t buy it because it doesn’t fit my long term needs but if it did, I would at those numbers and that is where I think the buyers are valuing things right now. How they relate to rent, as opposed to appreciation because we all know that horse is dead for a while.

[temeculaguy]

1600 rent is 200-225k in my book for investment properties here, I suppose that same math would be applied elsewhere but without prop 13 protection I might adjust downward. I feel proud of myself, i guessed 225 without knowing the rent, I’m getting pretty good at this stuff.

I’m sticking with 225k for the sake of the betting pool, that’s where it pencils out as a rental and that is where a renter decides to buy. Curiously, that is what I pay in rent and I can buy my place for 200k. I don’t buy it because it doesn’t fit my long term needs but if it did, I would at those numbers and that is where I think the buyers are valuing things right now. How they relate to rent, as opposed to appreciation because we all know that horse is dead for a while.

[temeculaguy]

1600 rent is 200-225k in my book for investment properties here, I suppose that same math would be applied elsewhere but without prop 13 protection I might adjust downward. I feel proud of myself, i guessed 225 without knowing the rent, I’m getting pretty good at this stuff.

I’m sticking with 225k for the sake of the betting pool, that’s where it pencils out as a rental and that is where a renter decides to buy. Curiously, that is what I pay in rent and I can buy my place for 200k. I don’t buy it because it doesn’t fit my long term needs but if it did, I would at those numbers and that is where I think the buyers are valuing things right now. How they relate to rent, as opposed to appreciation because we all know that horse is dead for a while.

[temeculaguy]

1600 rent is 200-225k in my book for investment properties here, I suppose that same math would be applied elsewhere but without prop 13 protection I might adjust downward. I feel proud of myself, i guessed 225 without knowing the rent, I’m getting pretty good at this stuff.

I’m sticking with 225k for the sake of the betting pool, that’s where it pencils out as a rental and that is where a renter decides to buy. Curiously, that is what I pay in rent and I can buy my place for 200k. I don’t buy it because it doesn’t fit my long term needs but if it did, I would at those numbers and that is where I think the buyers are valuing things right now. How they relate to rent, as opposed to appreciation because we all know that horse is dead for a while.

[Author]

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