MoNkEyT88 Posted October 5, 2008 Share Posted October 5, 2008 I just bought my FIRST HOUSE!.. The best part, huge 3 car garage!!! It also has a very large yard, so I can get my exercise cutting the lawn! Too bad its winter soon!!! Well, I've been looking for over 5 months, and this is the 4th offer I've had on a house. I was able to snag it up 3 days after it went on the market! I'm really excited! I just can't hide it. And I'm so glad to know that the wait is over! Quote Link to comment Share on other sites More sharing options...
rturbo 930 Posted October 5, 2008 Share Posted October 5, 2008 That's a good lookin' house! Congrats! Quote Link to comment Share on other sites More sharing options...
JMortensen Posted October 5, 2008 Share Posted October 5, 2008 Congratulations! Sounds like the RE market is still pretty hot in your area. Good looking place, and I like the wide driveway and the three car garage. One story is nice too. When my wife and I bought here in Seattle about a year and a half ago it was a similar story. We found our house before it hit the MLS and there was already an offer on it. We bid the asking price and luckily it went to us. We looked at several that were bought before we could make up our minds as to whether or not to put in a bid. Quote Link to comment Share on other sites More sharing options...
MoNkEyT88 Posted October 5, 2008 Author Share Posted October 5, 2008 After looking daily for 5 months, I've kind of become a real estate "expert" in my own mind. I knew this house was a really good deal, so I offered 100$ over asking price. They accepted the offer 6 hours later, and we will close later this month. It's moving very quick. The last house I had an offer on, I offered 100$ more than asking price, but somebody came in with a cash offer an no contingencies. The one before that I offered what I felt the home was worth, which was about 10,000$ less than asking price. The owners didn't accept the offer of course. And the one before that I offered 1,000$ less than asking price, as I had the only offer at the time, but somebody came in with an offer at 8,000$ more than I had, because they were not aware that the price had dropped. So I'm glad I can finally relax, and start looking into making it my own. I want to add some nice accent lights out front, and I'd like to make the area around the front brick a little less plain. We'll see. Now I won't be able to sleep for a month. Quote Link to comment Share on other sites More sharing options...
Administrators BRAAP Posted October 5, 2008 Administrators Share Posted October 5, 2008 Congratulations. Gorgeous home.. Quote Link to comment Share on other sites More sharing options...
DavyZ Posted October 5, 2008 Share Posted October 5, 2008 NICE! Oooo, 3 car garage too, mmmmm. BBQ's and house party, here we come!! Davy Quote Link to comment Share on other sites More sharing options...
jerryb Posted October 5, 2008 Share Posted October 5, 2008 Congrats!!!!! You bought a 3 car garage with a house attached. I have that as well...its still not enough so a paved a car port beside it this summer. Enjoy the garage....and the great house! I just bought my FIRST HOUSE!.. The best part, huge 3 car garage!!! Heck of a first house!!!!!!!! Quote Link to comment Share on other sites More sharing options...
RayG1988 Posted October 5, 2008 Share Posted October 5, 2008 Congratulations man! Houses are selling for really cheap down here since the market's bad, it's pretty much a waiting game. Wait for a house to be about to go into foreclosure and buy it. Quote Link to comment Share on other sites More sharing options...
MoNkEyT88 Posted October 5, 2008 Author Share Posted October 5, 2008 Wow, that sucks about the foreclosures. It's not too out of control here. In fact, the first one I had an offer on was a foreclosure. And then the third one was a "short sale", of course I didn't get any of those. One thing I really noticed is, the home I bought, compared to foreclosure homes, you can really tell the difference in quality work that the owners put into them. Unlike a few foreclosure homes I've viewed that were totally trashed. Quote Link to comment Share on other sites More sharing options...
cygnusx1 Posted October 5, 2008 Share Posted October 5, 2008 Great house! Lots of people up here just North of NYC were over-sold mortages five or six years ago. We have 5 year old, 6,000sq-ft McMansions all over the place that look abandoned and overgrown. We almost ourselves got rooked by the banks when we were trying to decide between a move to a larger home, or an extension. The banks hooked me at first by waving McMansions in my face, but I fought back with simple math and decided to pick up my hammer and saw to double the size of our little home myself. Glad I did. I got away cheap and still have a modest home we can afford on one salary. Good luck with the home and I wish I was close enough for the house warming party! Now go get some firewood and save the oil/gas bills for the Z. Quote Link to comment Share on other sites More sharing options...
MoNkEyT88 Posted October 5, 2008 Author Share Posted October 5, 2008 Yes, I totally agree that people have been over spending. I love watching the HGTV channels and seeing a couple move into a house that was a cool million over their "BUDGET"! This house is certainly never going to make it onto one of those channels, but I can afford it easily, and it will be under 25% of my income, which is a good rule to follow. I will always make more money, and hopefully I will be fortunate enough to never have to worry about losing my job. Quote Link to comment Share on other sites More sharing options...
woldson Posted October 6, 2008 Share Posted October 6, 2008 Looks like a nice warm house to raise a famliy in:). Congrats! Quote Link to comment Share on other sites More sharing options...
Evan Purple240zt Posted October 6, 2008 Share Posted October 6, 2008 Nice man,where is it at? I wanna come cut donuts in your front lawn.. lol Congratulations, I got my first house about 6-7 months ago! Its great to have a place called home! Evan Quote Link to comment Share on other sites More sharing options...
80LS1T Posted October 8, 2008 Share Posted October 8, 2008 Nice! Is it down in Oshkosh still? How's the car coming along? Yeah it does suck.......winter is just around the corner! Quote Link to comment Share on other sites More sharing options...
MoNkEyT88 Posted October 9, 2008 Author Share Posted October 9, 2008 Yep, still in Oshkosh. Looks like this, except I've cut off the frame rail. Quote Link to comment Share on other sites More sharing options...
Mikelly Posted October 9, 2008 Share Posted October 9, 2008 Congrats! Nothing beats new homeownership... Mike Quote Link to comment Share on other sites More sharing options...
Wedge Posted October 10, 2008 Share Posted October 10, 2008 Im just curious to know what are the interest rate and for how long . I live in Canada , Quebec province and im wondering about the diffrence . If you dont want to answer its ok i wont care i was just curious since im build my own home in the spring . Quote Link to comment Share on other sites More sharing options...
MoNkEyT88 Posted October 11, 2008 Author Share Posted October 11, 2008 Well, when I was approved the rate for a 30 year fixed mortgage was 5.875%. During the 5 months I was looking, I noticed the rates went up to 6.4%. Then when I found out I got an accepted offer, the rate was back down to 5.875%. Then two days later its at 6.2%, and now its at 6.4%. Geez. I'm going to wait it out and see if it will go back down, I have until the 30th to close. Quote Link to comment Share on other sites More sharing options...
Mikelly Posted October 11, 2008 Share Posted October 11, 2008 That's not a bad strategy... My oldest son was trying to consolidate some student loans back in the spring, after he bought his first home. He was denied at the time... Yesterday he informed his mother that they contacted him and asked if he was still interested... I think the banks are starting to look for customers again! Good luck with it man! Keep us posted! Mike Quote Link to comment Share on other sites More sharing options...
Guest 240z4me Posted October 11, 2008 Share Posted October 11, 2008 congrats i just got in my first house too this week good luck:biggrin: Quote Link to comment Share on other sites More sharing options...
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