Bought a new house! IT'S OFFICIAL!! KEYS IN HAND!

[Kroze]

Nice house for a great price. I was shocked to see how low the property tax is ($1140/yr). A house like that in South Jersey would cost $325k+ and have a property tax value of $7k+ a year.

I love Florida and hope it stay like that for a long time so I can buy a house there for cheap.

 

[umbrella39]

Originally posted by: Jumpem

Originally posted by: dbk
omg so cheap

$157k is above average here.

I paid $117k for a 1500sq.ft. house on four acres, near the lake. My cousin paid $55k for a fixer upper.

I would expect my current reasonable dream home (click) to come in under $200k.

I just bought a 2500sq.ft. home for $142 I think we are pretty close to the bottom of the prices here so now was the perfect time for us. The people we bought it off paid $260 for it is 2002.

 

[jteef]

Originally posted by: Bignate603
We just moved into our 2 weeks ago. Just wait until you start dealing with all of the odds and ends. It will drive you nuts

This!!!

i've put 5 digits on my amex since i closed a few weeks ago...

 

[Miramonti]

That looks like a really comfortable house, I really like it a lot, including the yard and pond.

Congrats. :thumbsup:

 

[mugs]

Originally posted by: SuperSix

Originally posted by: mugs
Why was that your first reaction? What's the upside to withholding it?

Why should I pay for a report, and let them see it? If they are that interested - they should get one for themselves. What if I let them see a copy, and they tell me to pound sand? I've paid to make it easier for them and the next offer that may come along. Like I said the caveat of a seller seeing the potential buyer's report, is that legally, anything found detrimental on the report has to be put in their seller's disclosure statement.

Gee I don't know, because based on that report you wanted a substantial discount?

I don't know how you'd be making it easier for them considering that you know the information in the report would make it more difficult to sell the house. It wouldn't make it any easier for them to deal with other buyers, because no one is going to trust an inspection report that the seller provides.

I asked because I thought there might be some reason I wasn't aware of that I shouldn't show the inspection report to the seller. It sounds like your only reason is because you paid for it?

 

[alkemyst]

Originally posted by: Argo
Damn - that house for $150,000???? Where I live $150,000 wouldn't buy you much. Heck, $450,000 will just get you into decent category.

how much is your house, zillow link?

 

[Gibson486]

Originally posted by: dbk
omg so cheap

it's FL. If it is not a beach front or in Orlando, it will usually be cheap. The declining market only made things even cheaper because people started moving out in groups. Also factor in that most places in FL do not have basements or attics.

 

[ponyo]

OP, congrats and nice house!

Originally posted by: Gibson486

Originally posted by: dbk
omg so cheap

it's FL. If it is not a beach front or in Orlando, it will usually be cheap. The declining market only made things even cheaper because people started moving out in groups. Also factor in that most places in FL do not have basements or attics.

I don't know. I've been slowly looking at some beach condos in Navarre Beach, FL, and prices are down ~50% from peak to 2002 tech recession levels. It's beginning to catch my interest. I think the beach fronts offer the best potential value as many of these were speculative investments and second homes.

 

[Gibson486]

Originally posted by: Naustica
OP, congrats and nice house!

Originally posted by: Gibson486

Originally posted by: dbk
omg so cheap

it's FL. If it is not a beach front or in Orlando, it will usually be cheap. The declining market only made things even cheaper because people started moving out in groups. Also factor in that most places in FL do not have basements or attics.

I don't know. I've been slowly looking at some beach condos in Navarre Beach, FL, and prices are down ~50% from peak to 2002 tech recession levels. It's beginning to catch my interest. I think the beach fronts offer the best potential value as many of these were speculative investments and second homes.

Lets be honest....FL is not really a place you live day to day. The job market down there is really slow. Most people are now just buying for summer homes. People got sick of traveling 1.5 hours to work and the slowing economy just makes it worse. who spends 350K for just a summer home? That is what happened. In this economy, people who did that in the past are forced to let it go since no one wants to rent houses anymore and they cannot make a decent wage if they lived there anyways. In short, if you can really afford to pay out the taxes due every year along with the mortage, you can easily come out ahead if the economy starts up again.