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SD Realtor
ParticipantYou need to be careful on this. When you say the seller will give you 10k for closing costs, you are jeopardizing getting any additional credits for repairs that need to be made. Your lender will generally not allow you to receive more then 3% of the purchase price for the home. So you are already eating up 2.5% of that potential budget. What will you do if you find something that requires another $5000 worth of work? What about potential termite work?
This is a bit out of the norm because the seller generally is NOT the one encouraging this stuff. Usually buyers come in asking for credits for closing costs. Of course as you noted, EVERYTHING is based off of final sales price. So yes your property taxes will be a bit more. Personally if you have the money to pay for closing costs I am not sure why the seller is doing this. One thing does come to mind. Is this a short sale?
ParticipantYou need to be careful on this. When you say the seller will give you 10k for closing costs, you are jeopardizing getting any additional credits for repairs that need to be made. Your lender will generally not allow you to receive more then 3% of the purchase price for the home. So you are already eating up 2.5% of that potential budget. What will you do if you find something that requires another $5000 worth of work? What about potential termite work?
This is a bit out of the norm because the seller generally is NOT the one encouraging this stuff. Usually buyers come in asking for credits for closing costs. Of course as you noted, EVERYTHING is based off of final sales price. So yes your property taxes will be a bit more. Personally if you have the money to pay for closing costs I am not sure why the seller is doing this. One thing does come to mind. Is this a short sale?
ParticipantYou need to be careful on this. When you say the seller will give you 10k for closing costs, you are jeopardizing getting any additional credits for repairs that need to be made. Your lender will generally not allow you to receive more then 3% of the purchase price for the home. So you are already eating up 2.5% of that potential budget. What will you do if you find something that requires another $5000 worth of work? What about potential termite work?
This is a bit out of the norm because the seller generally is NOT the one encouraging this stuff. Usually buyers come in asking for credits for closing costs. Of course as you noted, EVERYTHING is based off of final sales price. So yes your property taxes will be a bit more. Personally if you have the money to pay for closing costs I am not sure why the seller is doing this. One thing does come to mind. Is this a short sale?
ParticipantI guess it is okay. I am not sure that SS has alot of young yuppies like you are saying but it may not be bad for you. There are a fair share of engineers that rent in SS and the likes who work at some of the larger firms like Broadcom up in RB. If you have rented in 4S for awhile it sounds like you know the area fairly well. Also you definitely will not be surrounded by college students like you would be if you got a place in UTC. You can also find places in the 200-300k range like you are looking for but I am not a huge fan of renting a room out of my own home out of necessity to pay the mortgage. Seems like that can end badly. Unless you are doing it right now it is a change of lifestyle that most often does not end well according to what I have heard. You may want to consider Scripps as well. For what you are looking for PQ is not that large. It is varied though.
Anyways I think it is a fair enough choice. If you wait awhile you may be able to catch some better pricing.
ParticipantI guess it is okay. I am not sure that SS has alot of young yuppies like you are saying but it may not be bad for you. There are a fair share of engineers that rent in SS and the likes who work at some of the larger firms like Broadcom up in RB. If you have rented in 4S for awhile it sounds like you know the area fairly well. Also you definitely will not be surrounded by college students like you would be if you got a place in UTC. You can also find places in the 200-300k range like you are looking for but I am not a huge fan of renting a room out of my own home out of necessity to pay the mortgage. Seems like that can end badly. Unless you are doing it right now it is a change of lifestyle that most often does not end well according to what I have heard. You may want to consider Scripps as well. For what you are looking for PQ is not that large. It is varied though.
Anyways I think it is a fair enough choice. If you wait awhile you may be able to catch some better pricing.
ParticipantI guess it is okay. I am not sure that SS has alot of young yuppies like you are saying but it may not be bad for you. There are a fair share of engineers that rent in SS and the likes who work at some of the larger firms like Broadcom up in RB. If you have rented in 4S for awhile it sounds like you know the area fairly well. Also you definitely will not be surrounded by college students like you would be if you got a place in UTC. You can also find places in the 200-300k range like you are looking for but I am not a huge fan of renting a room out of my own home out of necessity to pay the mortgage. Seems like that can end badly. Unless you are doing it right now it is a change of lifestyle that most often does not end well according to what I have heard. You may want to consider Scripps as well. For what you are looking for PQ is not that large. It is varied though.
Anyways I think it is a fair enough choice. If you wait awhile you may be able to catch some better pricing.
ParticipantI guess it is okay. I am not sure that SS has alot of young yuppies like you are saying but it may not be bad for you. There are a fair share of engineers that rent in SS and the likes who work at some of the larger firms like Broadcom up in RB. If you have rented in 4S for awhile it sounds like you know the area fairly well. Also you definitely will not be surrounded by college students like you would be if you got a place in UTC. You can also find places in the 200-300k range like you are looking for but I am not a huge fan of renting a room out of my own home out of necessity to pay the mortgage. Seems like that can end badly. Unless you are doing it right now it is a change of lifestyle that most often does not end well according to what I have heard. You may want to consider Scripps as well. For what you are looking for PQ is not that large. It is varied though.
Anyways I think it is a fair enough choice. If you wait awhile you may be able to catch some better pricing.
ParticipantI guess it is okay. I am not sure that SS has alot of young yuppies like you are saying but it may not be bad for you. There are a fair share of engineers that rent in SS and the likes who work at some of the larger firms like Broadcom up in RB. If you have rented in 4S for awhile it sounds like you know the area fairly well. Also you definitely will not be surrounded by college students like you would be if you got a place in UTC. You can also find places in the 200-300k range like you are looking for but I am not a huge fan of renting a room out of my own home out of necessity to pay the mortgage. Seems like that can end badly. Unless you are doing it right now it is a change of lifestyle that most often does not end well according to what I have heard. You may want to consider Scripps as well. For what you are looking for PQ is not that large. It is varied though.
Anyways I think it is a fair enough choice. If you wait awhile you may be able to catch some better pricing.
January 26, 2011 at 11:48 AM in reply to: OT: No worries folks, federal debt is now under control #658253ParticipantUCGAL shhhhh…
Representatives swooshed that report under the rug really quick. The problem was that the report actually mad a hell of alot of sense but nobody has the stomach for it.
January 26, 2011 at 11:48 AM in reply to: OT: No worries folks, federal debt is now under control #658315ParticipantUCGAL shhhhh…
Representatives swooshed that report under the rug really quick. The problem was that the report actually mad a hell of alot of sense but nobody has the stomach for it.
January 26, 2011 at 11:48 AM in reply to: OT: No worries folks, federal debt is now under control #658917ParticipantUCGAL shhhhh…
Representatives swooshed that report under the rug really quick. The problem was that the report actually mad a hell of alot of sense but nobody has the stomach for it.
January 26, 2011 at 11:48 AM in reply to: OT: No worries folks, federal debt is now under control #659056ParticipantUCGAL shhhhh…
Representatives swooshed that report under the rug really quick. The problem was that the report actually mad a hell of alot of sense but nobody has the stomach for it.
January 26, 2011 at 11:48 AM in reply to: OT: No worries folks, federal debt is now under control #659384ParticipantUCGAL shhhhh…
Representatives swooshed that report under the rug really quick. The problem was that the report actually mad a hell of alot of sense but nobody has the stomach for it.
January 24, 2011 at 7:11 PM in reply to: OT: No worries folks, federal debt is now under control #657739ParticipantI am not thrilled with the front the republicans are putting up and I have no faith in them…. I agree that the sacred cows will have to be slaughtered to get things under control.
SK I agree with you about putting america to work but I fail to see who wave the magic wand to make that happen. Put america to work doing what? Adding federal jobs? I am perplexed to see how the private sector will do that but I hope it does happen.
Right now I would be happy to see some simple progress on low hanging fruit.
Do we have to foot the legal bills for Fannie and Freddie executives who are under investigation? (175M tab)
Other tidbits found on the internet…
112M paid out by the irs in undeserved tax refunds to prisoners who filed fraudulent returns.
NASC paid a Stanford prof 250k to study how Americans use the internet to find love…Really? Will someone pay me 250k to say porn and match.com?
The VA paid out 175M each year to maintain buildings it does not use.
Vegas received 5.2M in federal grant to build the Neon Boneyard Par and Museum including 1.8M in 2010.
Anyways there are a ton of sites that have these lists. Whether they are true or not, I am not sure but even if half of them are true it is still a hell of alot of money.
I think regardless of whether you are liberal or conservative, it seems like there is some trimming that can be done.
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