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Nicole
ParticipantOk SD Realtor, hubby and I just made the the spreadsheet you suggested. Looks like if things turn around in 3 years, we could break even in 7 years approximately. If things really tank down 5% each year until we’re back at 2002 levels, then it’ll take 12-14 years to break even. If we tank faster than it’ll only be 10 years. I feel much better and know that I’m comfortable with those numbers.
After getting all the advice here, we definitely won’t offer full asking. Based on the spreadsheet you outline, I’ll feel comfortable with the purchase if we get it- thanks so much!
-nicole
new house hunterParticipantOk SD Realtor, hubby and I just made the the spreadsheet you suggested. Looks like if things turn around in 3 years, we could break even in 7 years approximately. If things really tank down 5% each year until we’re back at 2002 levels, then it’ll take 12-14 years to break even. If we tank faster than it’ll only be 10 years. I feel much better and know that I’m comfortable with those numbers.
After getting all the advice here, we definitely won’t offer full asking. Based on the spreadsheet you outline, I’ll feel comfortable with the purchase if we get it- thanks so much!
-nicole
new house hunterParticipantOk SD Realtor, hubby and I just made the the spreadsheet you suggested. Looks like if things turn around in 3 years, we could break even in 7 years approximately. If things really tank down 5% each year until we’re back at 2002 levels, then it’ll take 12-14 years to break even. If we tank faster than it’ll only be 10 years. I feel much better and know that I’m comfortable with those numbers.
After getting all the advice here, we definitely won’t offer full asking. Based on the spreadsheet you outline, I’ll feel comfortable with the purchase if we get it- thanks so much!
-nicole
new house hunterParticipantOk SD Realtor, hubby and I just made the the spreadsheet you suggested. Looks like if things turn around in 3 years, we could break even in 7 years approximately. If things really tank down 5% each year until we’re back at 2002 levels, then it’ll take 12-14 years to break even. If we tank faster than it’ll only be 10 years. I feel much better and know that I’m comfortable with those numbers.
After getting all the advice here, we definitely won’t offer full asking. Based on the spreadsheet you outline, I’ll feel comfortable with the purchase if we get it- thanks so much!
-nicole
new house hunterParticipantThanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.
Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.
-nicole
new house hunterParticipantThanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.
Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.
-nicole
new house hunterParticipantThanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.
Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.
-nicole
new house hunterParticipantThanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.
Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.
-nicole
new house hunterParticipantThanks Jim. We just saw 1635 Olmeda a couple days ago, way too much work for us. But i think a good option for someone interested in fixing it up. Supposedly there are 3 offers above asking already (who knows). The main house is in pretty bad shape. Take that with a grain of salt thought ’cause I always fall for the staged houses.
Interesting to hear about the REO coming up shortly, i’ll check it out if we don’t get jerrilyn. I don’t think the area is completely different, but there are significantly more rentals up in the older area so it doesn’t have quite the same feel.
-nicole
new house hunterParticipantyou’re the best SD, i’ll give it a try.
-nicole
new house hunterParticipantyou’re the best SD, i’ll give it a try.
-nicole
new house hunterParticipantyou’re the best SD, i’ll give it a try.
-nicole
new house hunterParticipantyou’re the best SD, i’ll give it a try.
-nicole
new house hunterParticipantyou’re the best SD, i’ll give it a try.
-nicole
new house hunter -
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