New Homeowner! - Page 2

Frazod · 05-19-2001, 10:11 PM

After endless months of waiting, the BNC and I finally closed on the new house in Naperville on Thursday. Spent the day at the new place - getting things delivered and set up (including the satellite dish :D :D :D - NO MORE GETTING STUCK WATCHING BEARS GAMES EVER!), and starting the painful but rewarding moving process. Spent the whole day out there - it really sucked having to come back into the city tonight. Won't actually move for real until the end of the month.

I still haven't quite come to grips with how great it feels - still can't quite believe the place is actually mine and not some greedy bloodsucking landlord's. Parked in my garage today - finally the days of my car getting endlessly pelted with birdshit :mad: are almost over!

I also can't come to grips with the money I'm spending - seems like every time I turn around I'm dropping a grand on some damn thing or another (today, almost $1100 for friggin window blinds). The credit cards are starting to melt. I'm sure it will all be worth it in the end, but the crap you never think about sure adds up.

And another cool thing - my new next door neighbor is a fellow Chiefs fan! What are the odds of that happening in suburban Chicago? I'll take it as a good omen (or if the season goes to hell, it'll be nice to have someone to share my pain with who isn't hundreds of miles away). Of course, the first object I moved into the new place was my Marcus Allen autographed mini-helmet - he got a kick out of that.

Anyway, I'm a pretty happy camper tonight. Will be even happier come June 1st. :cool:

Herzig · 05-20-2001, 06:52 AM

Any mortgage brokers out there??

Tim...Im glad you wont be forced to watch "dabears" anymore!!

Frazod · 05-20-2001, 09:38 AM

Thanks for the good wishes, guys.

Milkman, my neighbor was asking me how I set my dish up, so I think he wants to get his own. Of course, any Chief fan is welcome to watch a game with me, as long as they aren't easily offended - I tend to cuss, scream and throw things when I watch games at home :D

Marty - I'm about a mile west of the Route 59 station, overlooking the Country Lakes Golf Course and nearby protected wetlands (so I don't have to worry about losing my view). The area is really exploding. If you've been gone for a while, it was probably open farmland when you were here.

Greg, congratulations to you as well. We got an FHA mortgage - couldn't get a conventional one because we couldn't make a really big downpayment (like the one we made wasn't big enough). We'll likely refinance using a conventional in a year, assuming the rates stay low. We were also very limited with our options by the Seller. Because of the close proximity to the train station and the overall desirability of the Naperville area in general, the Seller is not inclined, nor does it have to, negotiate anything. While they were courteous and professional, I had no doubt that it was very much a "my way or the highway" type of deal, and there were plenty of people waiting in the wings. These places are sold off as quickly as they are marketed. I took what they offered, but I like it.

We were lucky to get in when we did - similar new units are now selling for $10 to 15K more than we paid. When the time comes to move on and get an actual house someday (hopefully in the KC area), I feel pretty confident that we'll make a truckload of cash on the place when we sell.

And I am thrilled about the "NO MORE BEARS" thing :D

And TK - yes, another long post - you'll just have to find it in your heart to forgive me....

milkman · 05-20-2001, 09:46 AM

If you claim to be a Chiefs fan, and you haven't been doing this over the last couple of decades (especially in the Marty era), then I'd have question your passion for the Chiefs.
Fact is [I]I'd be offended[/I] if you didn't sream, cuss and throw things.:cool:

Herzig · 05-20-2001, 09:57 AM

So, did you put 3% down and go 30-year FHA?

What rate did you get and who did you go through?

Im thinking about getting some bond money for First-Time Buyers with about a 1% lower rate than normal...The only catch is that if I sell within 9 years, the gov. can recapture up to 50% of the profit on the house. I dont plan on moving, but I guess you never know what is going to happen.

I have a real estate agent, but I found a home I like for sale by a builder...I think I am probably going to buy it. Anyone ever gone this way? It's about 10K less than its appraisal value.

Frazod · 05-20-2001, 09:59 AM

Good point, Milkman. Being a Chiefs fan is not for the mild-mannered or faint of heart...

The BB seems to be gumming up a bit, so I'll gonna take off. Besides, I've got packing to do! :D

Later.

Jim Hunter · 05-20-2001, 10:27 AM

I know what you mean about the cussin' & stompin' and such during the Chiefs games. Now that Gun is Dun (Thank you Lord) maybe I'll have less to rant about this year. Usually when the wife sees I'm watching the Chiefs play she hustles the kids out , takes them to visit others, and just leaves me to simmer alone.....

Frazod · 05-20-2001, 11:09 AM

Greg, we put 10% down. Our rate was 7.65 (higher than conventional because of the FHA thing), we should be able to reduce this by refinancing, but will have to wait a year. It still isn't all that bad.

We went through Wells Fargo for the financing. Again, in this we were very limited in choices - the Seller only worked with three different lenders. This struck me as a bit ridiculous, but again, due to the market they were in a strong position to dictate terms. I couldn't even use my VA loan, but again, when I move on eventually, it'll still be there. Wells Fargo was okay, though.

The thing that is really messed up is what 7.65% financing equates to in real money. If we would stay in the place for 30 years (which we won't) we'd pay over double what the selling price is, adding up all the interest. Seems like a real fucking racket to me, but unless those lotto investments pay off, I guess I'm stuck with it.

Don't know about any of the other stuff (or even much about what I did myself, for that matter). First time for me. The learning process starts here.

Jim, I concur - hopefully we'll have less to cuss about now that Gun and the Stooges are gone.

tommykat · 05-20-2001, 11:10 AM

Frazod

Actually I am very happy for you. I think it is :cool: that you got your home. As a homeowner I know the wonderful feeling of having something that is yours. And the fun and flustration of doing all the things to it to make it just you. I wish you the very best in your new home.

Also, I like to just give you a little trouble about your posts. Hope you know I'm just kidding you?

___________________________________________________

Having your own home is a piece of Paradise;)

Frazod · 05-20-2001, 11:16 AM

Thanks, TK, and relax, I'm not offended. You should know by now what a write when I am....

Besides, I'm fully aware that I'm a windbag. It also doesn't help that I type really fast - easy to be wordy very quickly.

Marty McDonald · 05-20-2001, 12:17 PM

Frazod-

I just moved back to Phoenix from Naperville in February. I almost moved into the Country Lakes area, but opted for McDowell Place (near the Steak-n-Shake on Rt 59). I agree that Naperville is bustling with growth!

Marty
Misses the downtown area

**Bwana** · 05-20-2001, 02:26 PM

Frazod: I feel your pain and joy. My wife and I just bought a new house last week and this moving crap is getting VERY old, but I know it will be worth it in the long run. I got my computer set up last night after being down for a few days so I wanted to make sure I got this hog hooked up correctly again. Have Fun!

P.S. The clown next door has a [COLOR=orange]Denver Broncos[/COLOR] mail Box. Once I get done unpacking boxes, this situation will have to be delt with fast!!

[COLOR=red]CHIEFS!![/COLOR]

Chiefs Pantalones · 05-20-2001, 08:54 PM

Congratulations, Frazod!

CG

home sweet home :)

Frazod · 05-20-2001, 11:06 PM

Wow, Marty, but for a few months we were almost neighbors. I'm only a couple of miles from where you were. You'll have to let me know if you ever plan on coming back up for a visit.

Bwana - congrats on your new move. I'm sure the extasy will make the agony worth while. I've got to check into the on-line service switch - don't want to be down for too long.

And as for the Bronco mail box :mad: I recommend a well-placed M-80. I'll have a Bronco logo in my house - in the bottom of my friggin toilet! Just have to find one that's waterproof.

Thanks, Cody.

**Rausch** · 05-21-2001, 05:19 AM

BUT CONGRATS!

I can't wait to finally pull down enough cash to purchase my own home...

Of course I'm going into Journalism/Creative Writing, so you may just have to send pictures...

:D

47mack · 05-21-2001, 05:43 AM

frazod

congrats. We just bought our first home back in December. We couldn't afford the Conventional down payment either, but paying a slightly higher rate for approx. 1 year or so is well worth it. I can't wait to refinance. I love paying my own mortgage instead of my landlord's.

05-19-2001, 10:11 PM
Frazod WE ARE THE CHAMPIONS Join Date: Aug 2000 Casino cash: $1623385	New Homeowner! After endless months of waiting, the BNC and I finally closed on the new house in Naperville on Thursday. Spent the day at the new place - getting things delivered and set up (including the satellite dish :D :D :D - NO MORE GETTING STUCK WATCHING BEARS GAMES EVER!), and starting the painful but rewarding moving process. Spent the whole day out there - it really sucked having to come back into the city tonight. Won't actually move for real until the end of the month. I still haven't quite come to grips with how great it feels - still can't quite believe the place is actually mine and not some greedy bloodsucking landlord's. Parked in my garage today - finally the days of my car getting endlessly pelted with birdshit :mad: are almost over! I also can't come to grips with the money I'm spending - seems like every time I turn around I'm dropping a grand on some damn thing or another (today, almost $1100 for friggin window blinds). The credit cards are starting to melt. I'm sure it will all be worth it in the end, but the crap you never think about sure adds up. And another cool thing - my new next door neighbor is a fellow Chiefs fan! What are the odds of that happening in suburban Chicago? I'll take it as a good omen (or if the season goes to hell, it'll be nice to have someone to share my pain with who isn't hundreds of miles away). Of course, the first object I moved into the new place was my Marcus Allen autographed mini-helmet - he got a kick out of that. Anyway, I'm a pretty happy camper tonight. Will be even happier come June 1st. :cool:
Posts: 119,883

05-20-2001, 06:52 AM	#16
Herzig Wooooooo Pig Soooooiiiie!!! Join Date: Aug 2000 Location: Northwest Arkansas Casino cash: $9984900	Any mortgage brokers out there?? Tim...Im glad you wont be forced to watch "dabears" anymore!! __________________
Posts: 2,554

05-20-2001, 09:38 AM	#17
Frazod WE ARE THE CHAMPIONS Join Date: Aug 2000 Casino cash: $1623385	Thanks for the good wishes, guys. Milkman, my neighbor was asking me how I set my dish up, so I think he wants to get his own. Of course, any Chief fan is welcome to watch a game with me, as long as they aren't easily offended - I tend to cuss, scream and throw things when I watch games at home :D Marty - I'm about a mile west of the Route 59 station, overlooking the Country Lakes Golf Course and nearby protected wetlands (so I don't have to worry about losing my view). The area is really exploding. If you've been gone for a while, it was probably open farmland when you were here. Greg, congratulations to you as well. We got an FHA mortgage - couldn't get a conventional one because we couldn't make a really big downpayment (like the one we made wasn't big enough). We'll likely refinance using a conventional in a year, assuming the rates stay low. We were also very limited with our options by the Seller. Because of the close proximity to the train station and the overall desirability of the Naperville area in general, the Seller is not inclined, nor does it have to, negotiate anything. While they were courteous and professional, I had no doubt that it was very much a "my way or the highway" type of deal, and there were plenty of people waiting in the wings. These places are sold off as quickly as they are marketed. I took what they offered, but I like it. We were lucky to get in when we did - similar new units are now selling for $10 to 15K more than we paid. When the time comes to move on and get an actual house someday (hopefully in the KC area), I feel pretty confident that we'll make a truckload of cash on the place when we sell. And I am thrilled about the "NO MORE BEARS" thing :D And TK - yes, another long post - you'll just have to find it in your heart to forgive me....
Posts: 119,883

05-20-2001, 09:46 AM	#18
milkman Dumbass! Join Date: Aug 2000 Location: Leading the Marty bashing Casino cash: $10029395	Sreaming, cussing, and throwing things. If you claim to be a Chiefs fan, and you haven't been doing this over the last couple of decades (especially in the Marty era), then I'd have question your passion for the Chiefs. Fact is [I]I'd be offended[/I] if you didn't sream, cuss and throw things.:cool: __________________
Posts: 70,769

05-20-2001, 09:57 AM	#19
Herzig Wooooooo Pig Soooooiiiie!!! Join Date: Aug 2000 Location: Northwest Arkansas Casino cash: $9984900	So, did you put 3% down and go 30-year FHA? What rate did you get and who did you go through? Im thinking about getting some bond money for First-Time Buyers with about a 1% lower rate than normal...The only catch is that if I sell within 9 years, the gov. can recapture up to 50% of the profit on the house. I dont plan on moving, but I guess you never know what is going to happen. I have a real estate agent, but I found a home I like for sale by a builder...I think I am probably going to buy it. Anyone ever gone this way? It's about 10K less than its appraisal value. __________________
Posts: 2,554

05-20-2001, 09:59 AM	#20
Frazod WE ARE THE CHAMPIONS Join Date: Aug 2000 Casino cash: $1623385	Good point, Milkman. Being a Chiefs fan is not for the mild-mannered or faint of heart... The BB seems to be gumming up a bit, so I'll gonna take off. Besides, I've got packing to do! :D Later.
Posts: 119,883

05-20-2001, 10:27 AM	#21
Jim Hunter Rookie Join Date: May 2001 Location: Colorado - Western Slope Casino cash: $10004900	I know what you mean about the cussin' & stompin' and such during the Chiefs games. Now that Gun is Dun (Thank you Lord) maybe I'll have less to rant about this year. Usually when the wife sees I'm watching the Chiefs play she hustles the kids out , takes them to visit others, and just leaves me to simmer alone.....
Posts: 19

05-20-2001, 11:09 AM	#22
Frazod WE ARE THE CHAMPIONS Join Date: Aug 2000 Casino cash: $1623385	Greg, we put 10% down. Our rate was 7.65 (higher than conventional because of the FHA thing), we should be able to reduce this by refinancing, but will have to wait a year. It still isn't all that bad. We went through Wells Fargo for the financing. Again, in this we were very limited in choices - the Seller only worked with three different lenders. This struck me as a bit ridiculous, but again, due to the market they were in a strong position to dictate terms. I couldn't even use my VA loan, but again, when I move on eventually, it'll still be there. Wells Fargo was okay, though. The thing that is really messed up is what 7.65% financing equates to in real money. If we would stay in the place for 30 years (which we won't) we'd pay over double what the selling price is, adding up all the interest. Seems like a real fucking racket to me, but unless those lotto investments pay off, I guess I'm stuck with it. Don't know about any of the other stuff (or even much about what I did myself, for that matter). First time for me. The learning process starts here. Jim, I concur - hopefully we'll have less to cuss about now that Gun and the Stooges are gone.
Posts: 119,883

05-20-2001, 11:10 AM	#23
tommykat zzzz Kats always Join Date: Mar 2001 Casino cash: $10004925	Frazod Actually I am very happy for you. I think it is :cool: that you got your home. As a homeowner I know the wonderful feeling of having something that is yours. And the fun and flustration of doing all the things to it to make it just you. I wish you the very best in your new home. Also, I like to just give you a little trouble about your posts. Hope you know I'm just kidding you? ___________________________________________________ Having your own home is a piece of Paradise;) __________________ Take that KC helmet and just
Posts: 4,004

05-20-2001, 11:16 AM	#24
Frazod WE ARE THE CHAMPIONS Join Date: Aug 2000 Casino cash: $1623385	Thanks, TK, and relax, I'm not offended. You should know by now what a write when I am.... Besides, I'm fully aware that I'm a windbag. It also doesn't help that I type really fast - easy to be wordy very quickly.
Posts: 119,883

05-20-2001, 12:17 PM	#25
Marty McDonald Save Our Chiefs Guy Join Date: Sep 2000 Location: Red Lobster Casino cash: $9994900	Frazod- I just moved back to Phoenix from Naperville in February. I almost moved into the Country Lakes area, but opted for McDowell Place (near the Steak-n-Shake on Rt 59). I agree that Naperville is bustling with growth! Marty Misses the downtown area
Posts: 111

05-20-2001, 02:26 PM	#26
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2138123647	Frazod: I feel your pain and joy. My wife and I just bought a new house last week and this moving crap is getting VERY old, but I know it will be worth it in the long run. I got my computer set up last night after being down for a few days so I wanted to make sure I got this hog hooked up correctly again. Have Fun! P.S. The clown next door has a [COLOR=orange]Denver Broncos[/COLOR] mail Box. Once I get done unpacking boxes, this situation will have to be delt with fast!! [COLOR=red]CHIEFS!![/COLOR] Last edited by Bwana; 05-20-2001 at 02:31 PM..
Posts: 70,000

05-20-2001, 08:54 PM	#27
Chiefs Pantalones GO CHIEFS!!!!!! Join Date: Feb 2001 Location: Kansas City Casino cash: $7678717	Congratulations, Frazod! CG home sweet home :) __________________ Don't be fooled by my username, I'm white.
Posts: 26,633

05-20-2001, 11:06 PM	#28
Frazod WE ARE THE CHAMPIONS Join Date: Aug 2000 Casino cash: $1623385	Wow, Marty, but for a few months we were almost neighbors. I'm only a couple of miles from where you were. You'll have to let me know if you ever plan on coming back up for a visit. Bwana - congrats on your new move. I'm sure the extasy will make the agony worth while. I've got to check into the on-line service switch - don't want to be down for too long. And as for the Bronco mail box :mad: I recommend a well-placed M-80. I'll have a Bronco logo in my house - in the bottom of my friggin toilet! Just have to find one that's waterproof. Thanks, Cody.
Posts: 119,883

05-21-2001, 05:43 AM	#30
47mack Lonestar Chief Join Date: Aug 2000 Location: Sugarland, Texas (Houston) Casino cash: $10004900	frazod congrats. We just bought our first home back in December. We couldn't afford the Conventional down payment either, but paying a slightly higher rate for approx. 1 year or so is well worth it. I can't wait to refinance. I love paying my own mortgage instead of my landlord's. __________________ TWB "I would never do crack... I would never do a drug named after a part of my own ass, okay?" Denis Leary.
Posts: 899