The DU Lounge
Related: Culture Forums, Support ForumsWell we got some good news today
Suddenly first time home buyers. Weve rented at a ridiculously low rate for years. In May were were informed by the management company that the owner wanted to sell the house, in 60 days.
A frantic home search ensued and we picked a house. BTW - my military service really paid off here in many ways. The last step was the appraisal....
We got it today. $12K more than the sell price. Instant equity.
RKP5637
(67,086 posts)Thomas Hurt
(13,903 posts)Now you have yard work and handyman jobs to take up some of your time.
SWBTATTReg
(22,065 posts)own castle...best wishes to you all!
asiliveandbreathe
(8,203 posts)same good experience....most fortunate for you....now just one thought, when you sign papers be sure ALL the expenses are categorized, appraisal, home inspection, etc....our son got the bill 3 months after signing for the home inspection..as he looked closer at the signed docs..he realized it wasn't included..the reason given..the home inspector didn't get the paper work in, in time..
Just an FYI - congratulations on your home purchase....
underpants
(182,613 posts)Waiving lending fees and paying for the appraisal
Due to my VA Loan eligibility no money down. The appraisal was probably done by a Vet too.
asiliveandbreathe
(8,203 posts)secondwind
(16,903 posts)are exempt from real estate taxes. Thats another biggie.
Maraya1969
(22,462 posts)I'm very happy for you!
LuckyCharms
(17,413 posts)Good news indeed!
tazkcmo
(7,300 posts)safeinOhio
(32,641 posts)Never again home.
barbtries
(28,769 posts)I've already gained about 50k in equity. well worth it. should have done it sooner but I came to NC from CA where i always knew i could never own a home.
Sucha NastyWoman
(2,741 posts)And even better, you get to live in this investment.
Botany
(70,447 posts)Plenty natives!
underpants
(182,613 posts)Me and dirt understand each other
Botany
(70,447 posts)Bringing Nature Home by Doug Tallamy
Attracting Native Pollinators.
The Hidden Life of Trees
and if you pmail what part of the nation you live in I might be able to help you out with some info
trof
(54,256 posts)Apparently I have fairly good credit. Who knew?
trof
(54,256 posts)Lending fees and appraisal paid by the lender due to my VA Loan eligibility. No money down. Sellers paying $5K of closing costs. Out of the blue I walked it this.
trof
(54,256 posts)smirkymonkey
(63,221 posts)Good for you!
stuffmatters
(2,574 posts)pnwmom
(108,955 posts)True Blue American
(17,981 posts)Congratulations! Now your money is going into something you will get back.
Karadeniz
(22,470 posts)AllaN01Bear
(17,987 posts)LakeArenal
(28,802 posts)PS Thanks for your service.
FakeNoose
(32,582 posts)J.K.! It's great news - congratulations!
LostinRed
(840 posts)Nice to get the equity right away.
onlyadream
(2,165 posts)Better than renting, throwing money out the window. Congrats!
elleng
(130,732 posts)Phentex
(16,330 posts)That's great news.