nightdesigns
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join:2002-05-31
AZ | reply to aztecnology
Re: SoCal & The Economy ~ Financial Markets ~ Housing ~ Etc
Fun, I purchased a house last weekend =). Regardless of the market though, I'm in for the long run, and not a quick buck, so if the market fluctuates now and then I won't been too concerned.
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aztecnology
O Rly?
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join:2003-02-12
Murrieta, CA | Just out of curiosity what were the specs of the purchase/loan...? Do you feel like you got a good deal relative to the area you purchased in? |
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nightdesigns
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join:2002-05-31
AZ
 ·Cox HSI
| said by aztecnology  :Just out of curiosity what were the specs of the purchase/loan...? Do you feel like you got a good deal relative to the area you purchased in? I purchased the house as a 50/50 partner with my grandmother. The loan terms were a 10/20 loan (interest only the first 10 years, 20 year traditional, rate fixed across the 30). I understand the risks of this type of loan and I will be putting money away in investments to offset my lack of Principal. My goal is to buy out my Grandmother is 10 years, or sell and we split the profits and then I'll have enough in savings and earned to do a full purchase on my own.
We got the house for about $50k under the comps (we set the lowest price on the block). The owner had a previous offer fall through and needed to sell with a quick escrow.
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
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join:2002-08-23
Fontana, CA | What city? |
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nightdesigns
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AZ | Rancho Santa Margarita |
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
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join:2002-08-23
Fontana, CA | $$$$$ |
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nightdesigns
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AZ
·Cox HSI
| said by CurtesyFlush :$$$$$ Yes and no. RSM is cheaper than the surrounding areas, Mission Viejo, Irvine, San Clemente, etc.
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
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join:2002-08-23
Fontana, CA | House or condo?
I once lived in the canyon below the mesa that RSM would one day be built on.Trabuco Oaks section of Trabuco Canyon.
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nightdesigns
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join:2002-05-31
AZ
·Cox HSI
| said by CurtesyFlush :House or condo? House.
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Kibbles
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join:1999-07-31
Mission Viejo, CA
| reply to nightdesigns
said by nightdesigns :Fun, I purchased a house last weekend =). Regardless of the market though, I'm in for the long run, and not a quick buck, so if the market fluctuates now and then I won't been too concerned. Same here...I sign the papers this weekend.
First/second 320k..buying out my sisters..175k..appraised value last month 696k..left over cash ~ 50k....realtor offering me 850k for the house.. priceless  |
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aztecnology
O Rly?
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join:2003-02-12
Murrieta, CA
 ·Verizon FIOS
| said by Kibbles :said by nightdesigns :Fun, I purchased a house last weekend =). Regardless of the market though, I'm in for the long run, and not a quick buck, so if the market fluctuates now and then I won't been too concerned. Same here...I sign the papers this weekend. First/second 320k..buying out my sisters..175k..appraised value last month 696k..left over cash ~ 50k....realtor offering me 850k for the house.. priceless If the realtor wants to buy it for $850k( $150k over comps), why aren't you selling...?
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"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
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bobrk
You kids get offa my lawn
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join:2000-02-02
San Jose, CA
 ·SONIC.NET
| said by aztecnology :said by Kibbles :said by nightdesigns :Fun, I purchased a house last weekend =). Regardless of the market though, I'm in for the long run, and not a quick buck, so if the market fluctuates now and then I won't been too concerned. Same here...I sign the papers this weekend. First/second 320k..buying out my sisters..175k..appraised value last month 696k..left over cash ~ 50k....realtor offering me 850k for the house.. priceless If the realtor wants to buy it for $850k( $150k over comps), why aren't you selling...? Maybe he's living in it. Some things are more important than money.
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Iraq Coalition Deaths | bobrk |
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aztecnology
O Rly?
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join:2003-02-12
Murrieta, CA | For $300k-$400k in my pocket, i'd live/rent somewhere else... |
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Kibbles
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join:1999-07-31
Mission Viejo, CA
1 edit | reply to aztecnology
said by aztecnology : If the realtor wants to buy it for $850k( $150k over comps), why aren't you selling...? The property tax is ~ 850 a year....and association dues are 0.
The first house I had was in 1992...in 1998 the ex got it...this house is a keeper. |
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bobrk
You kids get offa my lawn
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join:2000-02-02
San Jose, CA
·SONIC.NET
| said by Kibbles :said by aztecnology : If the realtor wants to buy it for $850k( $150k over comps), why aren't you selling...? Property tax is ~ 850 a year....and association dues are 0. 850 sounds low. It'll go up when the county reappraises based on your sale.
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Iraq Coalition Deaths | bobrk |
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Kibbles
Premium
join:1999-07-31
Mission Viejo, CA
| said by bobrk :850 sounds low. It'll go up when the county reappraises based on your sale. Nope... »www.oc.ca.gov/assessor/TaxSavePPCinfo.asp |
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bobrk
You kids get offa my lawn
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join:2000-02-02
San Jose, CA | Ah, ok. Cool. My taxes are over $8k, thanks to prop 13. |
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Kibbles
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join:1999-07-31
Mission Viejo, CA
| said by bobrk :Ah, ok. Cool. My taxes are over $8k, thanks to prop 13. The house my ex has the taxes are 20k a year  |
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aztecnology
O Rly?
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join:2003-02-12
Murrieta, CA
·Verizon FIOS
| reply to Kibbles
Ah yes, I forgot that your situation was intra-family...
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"Independent thinkers tend to ALWAYS have someone not agreeing with them. It's The non-thinkers that always come in legions." John Callari .:|:. Say no to the IRS Yes to the Fair Tax |
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major marco
Res Firma Mitescere Nescit
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join:2003-02-13
Stepford, CA
clubs:
| reply to nightdesigns
said by nightdesigns :Rancho Santa Margarita So yer one of those folks, eh. The Coto wannabes.
I live right down the street from RSM but not because I like it here.
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