Getting the new house! Purchase offer accepted

[badmouse]

No hurry on the pics, if you'd rather not - keeping the fingers crossed for you, you've worked hard to get this far.

 

[MySoS]

How much was the house, must have been very expensive if it is nice. I in a dirt poor neighborhood, almost gheto like and someone just sold a house for around $250,000, a 3 bed room house that was 1200 square feet. So a nice house in a good neighborhood must be around 500,000 at least.

 

[Buck Armstrong]

Congratulations! There's nothing like waking up for the first time in your new place, looking around for a minute before you realize where you are, and then feeling a very contented disbelief that this is actually YOUR house!

My dad was a realtor, so he talked me into buying my first house when I was only 23; he showed me "here's how much money you threw away by living in an apartment...wouldn't you rather have MADE money when you left?" Then he hooked me up with his mortgage company friend who was willing to overlook my age, and found me a cheap little ranch in the city. The sale of that house a few years later when I got married gave me the down payment on alot bigger house in the 'burbs, and paid for the appliances, furniture, and a new car. Smartest move I ever made....

 

[Analog]

:thumbsup:

 

[DrPizza]

Originally posted by: MySoS
How much was the house, must have been very expensive if it is nice. I in a dirt poor neighborhood, almost gheto like and someone just sold a house for around $250,000, a 3 bed room house that was 1200 square feet. So a nice house in a good neighborhood must be around 500,000 at least.

well, it has old person wallpaper (only way I can think of describing it) which we'll spend the first weekend stripping out, and the carpets all need to be replaced... minor remodeling in the kitchen to get it the way we want it, and wife wants the bathroom remodeled. But, otherwise in excellent shape... beautiful reconditioned barn with it, 16 acres of land which butts up to state forest land, and a little bit less than 500,000...

Mortgage payment after downpayment will be approximately, excluding escroll (taxes and insurance)
260 per month, if I go with a 30 year mortgage, although a 15 year mortgage probably makes much more sense.

Of course, for 260 a month, I don't get the benefit of living an hour from the ocean. Plus, I can't enjoy the smog during my morning commute (of approximately 5 minutes - 55mph until I hit the school zone, the school being where I teach)

 

[DrPizza]

Originally posted by: Buck Armstrong
Congratulations! There's nothing like waking up for the first time in your new place, looking around for a minute before you realize where you are, and then feeling a very contented disbelief that this is actually YOUR house!

My dad was a realtor, so he talked me into buying my first house when I was only 23; he showed me "here's how much money you threw away by living in an apartment...wouldn't you rather have MADE money when you left?" Then he hooked me up with his mortgage company friend who was willing to overlook my age, and found me a cheap little ranch in the city. The sale of that house a few years later when I got married gave me the down payment on alot bigger house in the 'burbs, and paid for the appliances, furniture, and a new car. Smartest move I ever made....

This is my 2nd house... we're keeping the 1st house and just renting it out. We refinanced house #1 for the downpayment on house #2... the rent on house #1 will more than pay for the mortgage on it. Thus, I'll about break even after any repairs on house 1, while gaining equity in that house.. In a couple of years, we'll probably refinance house #2 for a sizeable downpayment on other investment property (rentals) if all is working out with the house we're living in now.

 

[MySoS]

Originally posted by: DrPizza

Originally posted by: MySoS
How much was the house, must have been very expensive if it is nice. I in a dirt poor neighborhood, almost gheto like and someone just sold a house for around $250,000, a 3 bed room house that was 1200 square feet. So a nice house in a good neighborhood must be around 500,000 at least.

well, it has old person wallpaper (only way I can think of describing it) which we'll spend the first weekend stripping out, and the carpets all need to be replaced... minor remodeling in the kitchen to get it the way we want it, and wife wants the bathroom remodeled. But, otherwise in excellent shape... beautiful reconditioned barn with it, 16 acres of land which butts up to state forest land, and a little bit less than 500,000...

Mortgage payment after downpayment will be approximately, excluding escroll (taxes and insurance)
260 per month, if I go with a 30 year mortgage, although a 15 year mortgage probably makes much more sense.

Of course, for 260 a month, I don't get the benefit of living an hour from the ocean. Plus, I can't enjoy the smog during my morning commute (of approximately 5 minutes - 55mph until I hit the school zone, the school being where I teach)

16 acres, WTF is that in the middle of no where. Why wouldn't you want to live near people. 16 acres is almost 700,000 square feet of land. How far is it to your neighbor, or a store.

 

[PHiuR]

260 a month...thats incredibly chjeap.

 

[Aquaman]

1. Congrts

2. Does it have a river on your land that I can park my van by?

Cheers,
Aquaman

 

[MySoS]

Originally posted by: PHiuR
260 a month...thats incredibly chjeap.

I know for 700,000 square feet of land. That much land in my ghetto neighborhood would cost millions.

 

[rh71]

you haven't learned yet ? Don't get ahead of yourself... post this after you've got the key.

 

[moshquerade]

Originally posted by: DrPizza
House 1... dream house... mortgage broker f'ed up.... lost it.

House 2... sellers realtor dragged her feet... finally, after 1 1/2 months she asked my realtor "what's the status, because it says "sale pending"... We don't know... did they finally accept our offer? Screw you, we're no longer interested.

House 3... Made our offer, received counter-offer.... made a 2nd offer, but included a well worded contingency - offer is contigent on evidence that the house was winterized... (unoccupied - therefore we wanted to know for sure if the waterlines were drained, and especially the hot water baseboard heating system. Per our broker - almost certain those things were done, but we wanted to be sure.

Received word today - our offer was accepted.... and to our and our realtor's surprise.. they LOWERED the price to below what we offered, just in case we did run into any problems with the water lines. (But, I can do all my own plumbing, so repairs would be relatively inexpensive)

Woohoo! Hopeflly closing < 1 month.

:beer:

 

[cerebusPu]

Originally posted by: daveymark
congrats dezign

whats wrong with you.

 

[DrPizza]

closest store is 5 minutes. Nearest neighbor is across the street, and one next door towards the town... we're the last house in a little town - one of those towns where if you blink, you miss it.

No river on the property... beautiful slate bottomed stream though... Adjacent state lands have several small lakes/bogs, great for kayaking or canoing. A lot of my friends camp out there in the summer, so, sure, Aquaman, you could park there.

 

[cerebusPu]

Originally posted by: MySoS
How much was the house, must have been very expensive if it is nice. I in a dirt poor neighborhood, almost gheto like and someone just sold a house for around $250,000, a 3 bed room house that was 1200 square feet. So a nice house in a good neighborhood must be around 500,000 at least.

oh man. thats expensive and small. my one bedroom apartment is bigger than that 3bedroom house.

 

[cerebusPu]

wow..i have no concept of how big 16 acres is. i just know its big.

what do people do with that much land??

 

[Gurck]

Originally posted by: notfred
Cool, good for you

Heh, but "winterizing" a house out here in California involves closing the windows and turning up the heat a bit. I've never heard of draining pipes before, but I guess it'd be bad if they froze and burst.

It is. /shudder

Congrats DrPizza

 

[DrPizza]

:music:
"It's a beautiful day in this neighborhood,
a beautiful day for a neighbor.
Would you be mine?
Could you be mine?? :music:

Actually... another house on my "block" is for sale...
this house
5.5 acres.. beautiful stream, nice area.
49k

would make a nice summer home too

 

[mrrman]

thats a pretty cheap price for the house/land that you get

 

[Viper GTS]

Originally posted by: cerebusPu
wow..i have no concept of how big 16 acres is. i just know its big.

what do people do with that much land??

It's not that big actually, one acre = 43,560 ft² (there are exactly 640 acres in a square mile). A 16 acre lot, assuming it's square (for the sake of calculation) would be approximately 835 ft to a side.

Definitely bigger than the postage stamps you get in modern housing developments, but not huge.

Viper GTS <- Wants a sh!tload of land in the middle of nowhere

 

[MySoS]

Originally posted by: Viper GTS

Originally posted by: cerebusPu
wow..i have no concept of how big 16 acres is. i just know its big.

what do people do with that much land??

It's not that big actually, one acre = 43,560 ft² (there are exactly 640 acres in a square mile). A 16 acre lot, assuming it's square (for the sake of calculation) would be approximately 835 ft to a side.

Definitely bigger than the postage stamps you get in modern housing developments, but not huge.

Viper GTS <- Wants a sh!tload of land in the middle of nowhere

That is a lot, the house I live in (parents house) the land is only around 2500 square feet. I can't imagin almost 700,000 square feet of land.

 

[IHateMyJob2004]

Cuba, NY is near Buffalo? Where is it?

 

[K1052]

Originally posted by: Viper GTS

Originally posted by: cerebusPu
wow..i have no concept of how big 16 acres is. i just know its big.

what do people do with that much land??

It's not that big actually, one acre = 43,560 ft² (there are exactly 640 acres in a square mile). A 16 acre lot, assuming it's square (for the sake of calculation) would be approximately 835 ft to a side.

Definitely bigger than the postage stamps you get in modern housing developments, but not huge.

Viper GTS <- Wants a sh!tload of land in the middle of nowhere

Hmmm....with those dimensions you could easily have a nice 200 yard shooting range.

 

Who did your appraisal?

 

Originally posted by: IHateMyJob2004
Cuba, NY is near Buffalo? Where is it?

It is in the soutern tier, allegany county. Which borders PA state.