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02-07-2019, 06:56 AM | #16 |
Reset
Join Date: Aug 2006
Location: Parts Unknown
Casino cash: $8456765
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Yeah lol piss my money on rent. My house is paid off. I pay over $12,000 a year in property taxes where I live. The plan is to sell and move to another state with a lower cost of living. And not own another house.
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Posts: 22,064
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02-07-2019, 07:01 AM | #17 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6232680
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Yep, I got stung for $5000 on that. Apparently "that's just how it works" now. The goddamn realtor commission already comes out of my proceeds, now that too? I suppose as long as I get that when I buy the next place it's a big whatever, but I don't understand why it costs that much to close on a house. It's a ****ing racket.
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Posts: 70,443
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02-07-2019, 07:05 AM | #18 |
In Search of a Life
Join Date: Jan 2016
Casino cash: $2420400
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You should have sold it yourself. I have sold several houses for myself and helped my family sell theirs, and it's not very difficult. I may start with by getting an appraisal about $350, if I don't think there are enough comparisons online. I then listed the house on craigslist, facebook and zillow. I completed the required state disclosure and printed copies along with a "flyer" on the house and make them available at a scheduled open house with signs at the main street and arteries leading to the house. These costs about $50. If your house is priced correctly you will have lots of activity. I made it clear to realtors that I would pay 2.5% if they sold the house. However, if folks would come and ask if they needed a realtor, I would say it was up to them, but I would negotiate a better deal without a realtor because I wouldn't be paying any fees. I would also give them a print off listing what they would need to do if they weren't using a realtor... which is not much. Most of it is done by the mortgage company. I also offer a home warranty for 12 months that covers all major mechanicals and appliances. This is approx. $450. It has worked great. The biggest reason is you don't pay 7% fees to realtors. You negotiate the sale prices by 2-3% if necessary. This actually makes the end appraisal by the lender more likely to cover the purchase price and make it easier for the down payment by the buyer. There are plenty of free forms, or cheap forms for the offer to purchase, and contracts to purchase. It is not nearly as daunting as folks think. On a $200,000 you can easily save $10000-$15000k.
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Chiefs are my favorite football team of all time! |
Posts: 26,963
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02-07-2019, 07:08 AM | #19 | |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6232680
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Quote:
11,500 realtor commission 5,000 buyer closing costs 2,000 bullshit from the home inspection that I'm not allowed to fix myself 2,000 seller closing costs 1,000 prorated property taxes I'll still agree with "****ed in the ass" though. |
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Posts: 70,443
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02-07-2019, 07:11 AM | #20 | |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6232680
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Quote:
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Posts: 70,443
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02-07-2019, 07:11 AM | #21 |
Someone pass the antifreeze
Join Date: Oct 2005
Location: Miami (North Cuba)
Casino cash: $1217819
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Just paid 27k in closing, laughable or cryable or both.
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Posts: 15,777
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02-07-2019, 07:12 AM | #22 | |
King Shit of **** Mountain
Join Date: Aug 2000
Location: Texarkana, Texas
Casino cash: $2204497
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Posts: 48,726
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02-07-2019, 07:16 AM | #23 |
In Search of a Life
Join Date: Jan 2016
Casino cash: $2420400
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I did the same with a cash purchase, and if you are selling, the mortgage company does this for the buyer, if they aren't paying cash.
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Chiefs are my favorite football team of all time! |
Posts: 26,963
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02-07-2019, 07:18 AM | #24 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6232680
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This experience sure as hell makes renting sound like an attractive option. After the fees and other bullshit, plus paying off our 25k HELOC for renovations, we're walking away with a whopping 40k more than we paid for it 20 goddamn years ago.
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Posts: 70,443
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02-07-2019, 07:18 AM | #25 | |
In Search of a Life
Join Date: Jan 2016
Casino cash: $2420400
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Quote:
__________________
Chiefs are my favorite football team of all time! |
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Posts: 26,963
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02-07-2019, 07:21 AM | #26 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6232680
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Posts: 70,443
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02-07-2019, 07:22 AM | #27 |
Voodoo Chile
Join Date: Jan 2001
Location: At the crossroad
Casino cash: $2523902
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I’m almost certain that the Jesuits ha e something to do with this.
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World class speed! |
Posts: 6,904
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02-07-2019, 07:26 AM | #28 | |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
Casino cash: $6232680
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Quote:
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Posts: 70,443
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02-07-2019, 07:32 AM | #29 | |
Supporter
Join Date: Dec 2004
Location: Ozarks
Casino cash: $2900564
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Quote:
When we were ready to retire from there and sell our home, I put it out in the listing that I would pay a $2000 bonus, if sold in the first 30 days. MLS said that was against their rules, but the word was already out. I was thrilled to pay it when it happened, and felt like I was being released from prison. |
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Posts: 33,576
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02-07-2019, 07:37 AM | #30 |
Supporter
Join Date: Dec 2004
Location: Ozarks
Casino cash: $2900564
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Posts: 33,576
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