Aske
Lederhosen
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Re: How Can We Do It? (Help Question)
« Reply #15 on: January 13, 2008, 08:54:02 AM » |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Fuzzy
Full Metal Jacket From: Island of Misfit Toys
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Re: How Can We Do It? (Help Question)
« Reply #16 on: January 13, 2008, 08:58:23 AM » |
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Well, come on ...
You could buy the new place on a five-year ARM and refinance your existing home on another five-rear ARM, then roll the dice that the market will upswing and you can unload the old house before the rate change. But do you really think a friend would advise that?
You could buy/refinance both houses, then get the existing house on the market ASAP and get out of it ASAP (i.e., don't hold it and wait for a market uptick). Lose money on all the refinancing/closing costs and on the housing market, but at least you get the new house you love while it's still available.
You could knock over a liquor store.
The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.  I wish I had a better idea (or an extra few hundred thousand to loan you) than those presented. I've been trying to stay abreast of the real estate market here but I guess I didn't realize there were folks who were that underwater. Makes me want to do a bit more research on sales in my neck of the woods. |
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
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Aske
Lederhosen
Karma: 120 Posts: 31405
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Re: How Can We Do It? (Help Question)
« Reply #17 on: January 13, 2008, 09:08:01 AM » |
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http://news.bbc.co.uk/2/h...correspondent/7183073.stmhere's a story on the worlds most promising real estate market
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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Jules
Members Only Jacket From: Australia
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Re: How Can We Do It? (Help Question)
« Reply #18 on: January 13, 2008, 02:26:09 PM » |
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Wheres TFT when you need him.
I thought that he had his own business as a mortgage broker/specialist etc.
I am sure I remember him saying that if anybody here had any problems or needed advice, to ask him.
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The good thing about getting old, is that you can hit the ball out of sight.
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: How Can We Do It? (Help Question)
« Reply #19 on: January 13, 2008, 02:53:53 PM » |
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Wheres TFT when you need him.
I thought that he had his own business as a mortgage broker/specialist etc.
I am sure I remember him saying that if anybody here had any problems or needed advice, to ask him.
From what I hear, he now enjoys the company of real people. whatever. |
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: How Can We Do It? (Help Question)
« Reply #20 on: January 13, 2008, 02:58:17 PM » |
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I wish I had a better idea (or an extra few hundred thousand to loan you) than those presented.
Appreciate the sentiment bud.  It's in The Refuge.   |
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birdymaker
Straitjacket From: a third world country in the making
Karma: 18 Posts: 2923
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Re: How Can We Do It? (Help Question)
« Reply #21 on: January 13, 2008, 03:20:04 PM » |
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you can't. get over it.  |
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: How Can We Do It? (Help Question)
« Reply #22 on: January 13, 2008, 03:23:18 PM » |
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you can't. get over it. Spoken like a true Lions fan.  |
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How Can We Do It? (Help Question)
« Reply #23 on: January 14, 2008, 07:49:46 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: How Can We Do It? (Help Question)
« Reply #24 on: January 14, 2008, 08:10:06 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? Yes. (although in literal terms, I guess it is separated from ours by 15 feet, if that's what you mean.) |
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How Can We Do It? (Help Question)
« Reply #25 on: January 14, 2008, 08:18:17 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? Yes. (although in literal terms, I guess it is separated from ours by 15 feet, if that's what you mean.) Well, that will make selling yours a bit of a challenge. OTOH, if you put your house on the market, maybe some rich *fudge*er will buy both properties, knock down both houses, and build one huge one. |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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birdymaker
Straitjacket From: a third world country in the making
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Re: How Can We Do It? (Help Question)
« Reply #26 on: January 14, 2008, 08:20:31 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? Yes. (although in literal terms, I guess it is separated from ours by 15 feet, if that's what you mean.) Well, that will make selling yours a bit of a challenge. OTOH, if you put your house on the market, maybe some rich *fudge*er will buy both properties, knock down both houses, and build one huge one. you're one of those "half full" guys aren't you? |
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women are like tornados. In the beginning there's a lot of sucking and blowing. In the end, the car's gone, the house is gone..
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: How Can We Do It? (Help Question)
« Reply #27 on: January 14, 2008, 08:26:29 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? Yes. (although in literal terms, I guess it is separated from ours by 15 feet, if that's what you mean.) Well, that will make selling yours a bit of a challenge. OTOH, if you put your house on the market, maybe some rich *fudge*er will buy both properties, knock down both houses, and build one huge one. That would be sweet! cool! I'm wondering if I can talk to the lien holder/bank of the property we want, and see if they do a "swap" kinda like whiskers suggested. The bank is holding a property the want to sell, maybe they won't care what physical property it is. |
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How Can We Do It? (Help Question)
« Reply #28 on: January 14, 2008, 08:30:12 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? Yes. (although in literal terms, I guess it is separated from ours by 15 feet, if that's what you mean.) Well, that will make selling yours a bit of a challenge. OTOH, if you put your house on the market, maybe some rich *fudge*er will buy both properties, knock down both houses, and build one huge one. you're one of those "half full" guys aren't you? I do what I can to look at the positives. For example, the Lions have won at least one out of their final two games in each of the past 5 season. |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How Can We Do It? (Help Question)
« Reply #29 on: January 14, 2008, 08:34:15 AM » |
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The tough part is there is no selling anything ASAP here. The house next to ours has been vacant and empty for 2 years, and the asking price is 100k less than it was purchased for 5 years ago.
Is this vacant house literally right next to yours? Yes. (although in literal terms, I guess it is separated from ours by 15 feet, if that's what you mean.) Well, that will make selling yours a bit of a challenge. OTOH, if you put your house on the market, maybe some rich *fudge*er will buy both properties, knock down both houses, and build one huge one. That would be sweet! cool! I'm wondering if I can talk to the lien holder/bank of the property we want, and see if they do a "swap" kinda like whiskers suggested. The bank is holding a property the want to sell, maybe they won't care what physical property it is. I'm not sure why you want to move though. Your house is right on a golf course. You have an empty house next door to store your beer. What more can you ask for? |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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