New home search
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@89th said in New home search:
Almost looked like an octopus
Ah okay! It is amazing how octopus can escape and fit into such small small places.
I have read that they are actually quite smart animals.
@taiwan_girl said in New home search:
I have read that they are actually quite smart animals.
Wonderful book:
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@Horace said in New home search:
The tweet doesn't show for me.
Not showing for me either now. Looks like it's been taken down.
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@Horace said in New home search:
The tweet doesn't show for me.
Not showing for me either now. Looks like it's been taken down.
@George-K said in New home search:
@Horace said in New home search:
The tweet doesn't show for me.
Not showing for me either now. Looks like it's been taken down.
I just want you to know that I probably would have been pleased by the tweet, and may even have loled. In fact, I think I will proffer this now. Lol. Thank you sir.
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Got a chilling email from our selling agent this morning that the bottom is dropping out of our market, and just in the three weeks since we initially contacted her, she's advising to lower the asking price by 5%. Seems like a bad time to make this move. We'd save more every couple months, sticking to our current mortgage, than we'd lose for backing out of the Houston contract. We'll see what, if any, offers we get on this place. I've always known that financially this is an indefensible move, but it's becoming more and more ridiculous if prices continue to drop and we sell low and buy high. By any objective "affordability" metric we can afford it regardless, but the principle of the thing grates if you feel like your timing was godawful.
Education is extremely important.
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Got a chilling email from our selling agent this morning that the bottom is dropping out of our market, and just in the three weeks since we initially contacted her, she's advising to lower the asking price by 5%. Seems like a bad time to make this move. We'd save more every couple months, sticking to our current mortgage, than we'd lose for backing out of the Houston contract. We'll see what, if any, offers we get on this place. I've always known that financially this is an indefensible move, but it's becoming more and more ridiculous if prices continue to drop and we sell low and buy high. By any objective "affordability" metric we can afford it regardless, but the principle of the thing grates if you feel like your timing was godawful.
@Horace said in New home search:
Got a chilling email from our selling agent this morning that the bottom is dropping out of our market, and just in the three weeks since we initially contacted her, she's advising to lower the asking price by 5%. Seems like a bad time to make this move. We'd save more every couple months, sticking to our current mortgage, than we'd lose for backing out of the Houston contract. We'll see what, if any, offers we get on this place. I've always known that financially this is an indefensible move, but it's becoming more and more ridiculous if prices continue to drop and we sell low and buy high. By any objective "affordability" metric we can afford it regardless, but the principle of the thing grates if you feel like your timing was godawful.
Are you impacted by the rising interest rates on your buying end? That would make it harder and harder to buy (hence the whole point of the fed...to STOP being from buying). Otherwise you are right, with one exception... if you plan on living in the new house for a while, then I would prioritize any housing/location benefits over the financial timing. But that's just me... you're only on this earth for so long.
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@Horace said in New home search:
Got a chilling email from our selling agent this morning that the bottom is dropping out of our market, and just in the three weeks since we initially contacted her, she's advising to lower the asking price by 5%. Seems like a bad time to make this move. We'd save more every couple months, sticking to our current mortgage, than we'd lose for backing out of the Houston contract. We'll see what, if any, offers we get on this place. I've always known that financially this is an indefensible move, but it's becoming more and more ridiculous if prices continue to drop and we sell low and buy high. By any objective "affordability" metric we can afford it regardless, but the principle of the thing grates if you feel like your timing was godawful.
Are you impacted by the rising interest rates on your buying end? That would make it harder and harder to buy (hence the whole point of the fed...to STOP being from buying). Otherwise you are right, with one exception... if you plan on living in the new house for a while, then I would prioritize any housing/location benefits over the financial timing. But that's just me... you're only on this earth for so long.
@89th said in New home search:
@Horace said in New home search:
Got a chilling email from our selling agent this morning that the bottom is dropping out of our market, and just in the three weeks since we initially contacted her, she's advising to lower the asking price by 5%. Seems like a bad time to make this move. We'd save more every couple months, sticking to our current mortgage, than we'd lose for backing out of the Houston contract. We'll see what, if any, offers we get on this place. I've always known that financially this is an indefensible move, but it's becoming more and more ridiculous if prices continue to drop and we sell low and buy high. By any objective "affordability" metric we can afford it regardless, but the principle of the thing grates if you feel like your timing was godawful.
Are you impacted by the rising interest rates on your buying end? That would make it harder and harder to buy (hence the whole point of the fed...to STOP being from buying). Otherwise you are right, with one exception... if you plan on living in the new house for a while, then I would prioritize any housing/location benefits over the financial timing. But that's just me... you're only on this earth for so long.
I planned on getting a mortgage for the new place, yes. Even at 5% interest, I think the stock market will out-return that, so I don't see the point of putting down more cash than is necessary.
I agree YOLO, but those days are made slightly less happy if you have buyer's remorse hanging over you.
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Got a chilling email from our selling agent this morning that the bottom is dropping out of our market, and just in the three weeks since we initially contacted her, she's advising to lower the asking price by 5%. Seems like a bad time to make this move. We'd save more every couple months, sticking to our current mortgage, than we'd lose for backing out of the Houston contract. We'll see what, if any, offers we get on this place. I've always known that financially this is an indefensible move, but it's becoming more and more ridiculous if prices continue to drop and we sell low and buy high. By any objective "affordability" metric we can afford it regardless, but the principle of the thing grates if you feel like your timing was godawful.
@Horace said in New home search:
she's advising to lower the asking price by 5%
Dig your heels in
Let her know, the next step is not a lower price, the next step is a new agent.
If she wants a lower price, let the difference come out of her commission.
That's how I got my house sold. Our buyer decided to lower his offer at the last minute. I said no way. Both the buying and selling agents knew they were about to lose the deal. So, to avoid getting nothing, they used their commissions to cover the difference between ask and offer.
