View Full Version : Thinking of moving
We moved down to SW Florida a little over 5 years ago. We bought a very nice house with a wonderful view.
But now the wife is wanting to look at some homes in the area. Of coarse they will cost more, not including just the cost of moving and realtors.
At least she is wanting to stay in the area. We are going to look at a home today that is way to big, and probably needs work. At least it is on the water.
We moved down to SW Florida a little over 5 years ago. We bought a very nice house with a wonderful view.
But now the wife is wanting to look at some homes in the area. Of coarse they will cost more, not including just the cost of moving and realtors.
At least she is wanting to stay in the area. We are going to look at a home today that is way to big, and probably needs work. At least it is on the water.
This sounds like a reasonable trajectory. It's great you are liking the area enough to stay and get something even better. On the water sounds ideal in SW Florida, where you get the breezes.
I like working on houses, though.
Best of luck making the best decision for the 2 of you.
iris lilies
9-23-19, 6:07pm
If you’re there I guess you might as well be on the water.
The wife loved the house, I don’t. It’s way to big, and it’s a two story, but it does have a cool elevator. It’s described as a English cottage style, seems more German to me. It does have some really neat features, a library with a ladder that is on tracs, and a Juliet balcony off the library. And they say the view is amazing from the widows peak, but I’m not climbing up the ladder to look.
The kitchen would have to be gutted and there would be quite a bit of work needed. The landscaping was a mess.
https://www.realtor.com/realestateandhomes-detail/2491-Palm-Tree-Dr_Punta-Gorda_FL_33950_M61436-00100?view=qv
iris lilies
9-23-19, 7:06pm
https://www.realtor.com/realestateandhomes-detail/2491-Palm-Tree-Dr_Punta-Gorda_FL_33950_M61436-00100?view=qv
I was going to ask what that ticket booth thing was, but it must be the elevator.
so, if you are on the water you also need water in your lannai thing with a hot tub and an indoor pool?
Hmmmm.
what did your wife like about this house?
I think she just likes taking on a project. For what it would cost to get this one nice, you could buy a pretty nice home down here. And you would still have a house that really doesn’t fit in. The neighborhood is very nice though. But another problem is it does not have much room in the back for my new boat.
There are are many other houses to chose from, and there is nothing wrong with the house we are in.
And yes, even if your on the water, you have to have a pool. And we also have a hot tub that the grandkids love.
iris lilies
9-23-19, 7:58pm
Dude. I would hold out for a prettier house.
It's not a style I like, even when it's somewhere like Winnetka. That would such an odd house in Florida.
I'd keep looking, but maybe I just can't deal with Tudor on a lagoon.
I don't like the white tile floors, but if you put cypress or pine in there, this would be pretty:
https://www.zillow.com/homedetails/1215-Columbian-Dr-Punta-Gorda-FL-33950/43577764_zpid/?
It has a pool and is waterfront on a canal.
iris lilies
9-23-19, 8:51pm
https://www.realtor.com/realestateandhomes-detail/2491-Palm-Tree-Dr_Punta-Gorda_FL_33950_M61436-00100?view=qv
I will say I love that Jaguar S car parked in front of it. That’s my Favorite car and model.
I know where that is! I used to work on Cooper St.
Um, please no offense intended - but would this be your final house purchase? I know the elevator makes things easier when you are aging, but all the rest...do you think you could keep it up? It's a lot of house! It does have character, and would never be considered a developer *box* house, one of many cookie cutter hom es all built alike. However, for me, just a tad too much character .
Alos, things in that price point seem to sell rather quickly. Why seemingly a long time listed?
I would pass and keep looking for a home that both you and your wife love right away.
We are not buying that house. Today was the first time we saw it. The wife did like it, she likes houses that are different. I think she is over it now.
We really just started looking around and are just curious on what’s out there. There was a house that I was interested in that came up for sale, but it sold in a week. The nicer homes that are priced right sell pretty quickly. I would actually prefer a home on the golf club where I’m a member. The club is putting in 9 million in improvements next year, should be nice.
English or German, I call it Tudor. I always wanted a Tudor house, with a weeping willow and a wishing well. (Hmm.. I feel like I'm a salesperson for W hotels).
It's beautiful, but I agree with Tybee, it doesn't scream Florida to me. But who cares? It looks like a great house. ETA: I just saw your previous post where that house is not in the running anymore.
I stayed for a week in Ocean Reef, Key Largo, with some college friends a couple of years ago, and it's almost a different culture from a housing perspective. They ALL had these beautiful lanais with pools within steps of the kitchen, all screened in. So foreign to NE architecture. But I could get used to that.
Dmc, I got exhausted just imagining the work to maintain it on a daily basis. Add in some landscaping and regular daily gardening... This won't be your final home unless you are planning on hiring a lot of maintenance staff in comng years.
I bought my little house with the idea of living in it for the next 25 years and fixed it to suit that goal. Living near water or golf could be included in this goal.
Your agenda may well be totally different, such as, wanting a project to work on for the short term.
We currently have lawn care people, so that’s not a big deal, I’d rather be doing something else than working in the yard. But it’s still to big and I’d rather not have two stories, even if it does have a elevator.
We just started looking, and may just stay where we are.
Nice bones, but would definitely need some updating.
I don't like the white tile floors, but if you put cypress or pine in there, this would be pretty:
https://www.zillow.com/homedetails/1215-Columbian-Dr-Punta-Gorda-FL-33950/43577764_zpid/?
It has a pool and is waterfront on a canal.
we do plan on looking at that one. It doesn’t have much water frontage. That may limit the size of boat I could buy.
I like this one. https://www.zillow.com/homedetails/1313-Socorro-Dr-Punta-Gorda-FL-33950/43578017_zpid/?
but the wife doesn’t like the lanei , says it’s to small. And the house is quite a bit smaller than our current home.
Im already tired of house hunting.
iris lilies
9-29-19, 8:17pm
I like this one. https://www.zillow.com/homedetails/1313-Socorro-Dr-Punta-Gorda-FL-33950/43578017_zpid/?
but the wife doesn’t like the lanei , says it’s to small. And the house is quite a bit smaller than our current home.
Im already tired of house hunting.
The boat dock is really nice. And that house is nice looking.
Teacher Terry
9-29-19, 9:15pm
I guess it depends on how many people you entertain at once. Since moving to 1400 sq ft we can’t have more than 10 guests for a sit down dinner. In summer we use the outside patios and have 20. I have a friend that has to entertain 100 people for her husband’s job so requires a big home. We can entertain more in the house if we do it buffet style.
We finally have a contract on a house. It’s a little larger than we need, 2500’, but it’s in a good location. Now hopefully we can get a good price for ours, I really don’t want to own two homes for long.
And I can start looking for a new boat to put in the backyard.
The wife is already making plans for changes, new paint, bathroom remodel, landscaping, new flooring, light fixtures, appliances, countertops, blinds, and extend the dock. Hopefully I can keep her from moving to many walls around. I think she watches to many of those home improvement shows on TV.
We don’t close for a while so I have time to start looking for contractors to start the work. In the past I would do much of it myself, but these days I’m more of a supervisor.
happystuff
2-13-20, 7:42am
We finally have a contract on a house. It’s a little larger than we need, 2500’, but it’s in a good location. Now hopefully we can get a good price for ours, I really don’t want to own two homes for long.
And I can start looking for a new boat to put in the backyard.
The wife is already making plans for changes, new paint, bathroom remodel, landscaping, new flooring, light fixtures, appliances, countertops, blinds, and extend the dock. Hopefully I can keep her from moving to many walls around. I think she watches to many of those home improvement shows on TV.
We don’t close for a while so I have time to start looking for contractors to start the work. In the past I would do much of it myself, but these days I’m more of a supervisor.
Congrats and good luck!!
That's great news, dmc, hope the planning is fun for all.
Congrats on the new home! Best of luck on the walls:~)
SteveinMN
2-13-20, 10:56am
Enjoy the new place -- and whatever it becomes -- and the new boat!
It sounds as though you have found a perfect spot to enjoy.
catherine
2-13-20, 12:37pm
We finally have a contract on a house. It’s a little larger than we need, 2500’, but it’s in a good location. Now hopefully we can get a good price for ours, I really don’t want to own two homes for long.
And I can start looking for a new boat to put in the backyard.
The wife is already making plans for changes, new paint, bathroom remodel, landscaping, new flooring, light fixtures, appliances, countertops, blinds, and extend the dock. Hopefully I can keep her from moving to many walls around. I think she watches to many of those home improvement shows on TV.
We don’t close for a while so I have time to start looking for contractors to start the work. In the past I would do much of it myself, but these days I’m more of a supervisor.
How exciting! So good to hear this happy ending! Renovations are overwhelming at times, but really fun, too, especially if you aren't doing the labor!
Hopefully the Seas won’t raise to much in the next 20 years or so. The houses around here are 9’-10’ above sea level. I’ll be 63 in a few months so after that i probably won’t be around anyway. Or at least not living here.
Teacher Terry
2-13-20, 1:50pm
Remodeling a house is so much fun!
Well we have a contract on our house, so pending a home inspection we should close on the house we are living in about 2 weeks after closing on our new house. So that should work out OK. They are paying cash, so they said they can be a little flexible if need be.
Seams like things are going together ok. It’s nice not having to worry about owning two homes.
Wow! That was fast! Good for you and your wife.
Here is a link to the house.
https://www.zillow.com/homedetails/2041-Via-Seville-Punta-Punta-Gorda-FL-33950/43576425_zpid/
So far the plans are new bathrooms, kitchen, all new flooring, light fixures, paint inside and out. Some walls are going to be removed. Maybe pavers around the pool or at least new paint. We are going to have the dock and lift removed and new concrete dock about 70’ long. Also new waterlines since everything is going to be opened up. My understanding is the original copper pipes can leak over time.
And new landscaping, and sidewalk down to the dock.
We may be renting a VRBO for a while. At least it’s cheap to rent down here in the off season.
catherine
2-21-20, 11:00am
Here is a link to the house.
https://www.zillow.com/homedetails/2041-Via-Seville-Punta-Punta-Gorda-FL-33950/43576425_zpid/
So far the plans are new bathrooms, kitchen, all new flooring, light fixures, paint inside and out. Some walls are going to be removed. Maybe pavers around the pool or at least new paint. We are going to have the dock and lift removed and new concrete dock about 70’ long. Also new waterlines since everything is going to be opened up. My understanding is the original copper pipes can leak over time.
And new landscaping, and sidewalk down to the dock.
We may be renting a VRBO for a while. At least it’s cheap to rent down here in the off season.
It's a beautiful house, and what a great location on the water/canals! Having lived in the NE my whole life, lanais with in-ground pools are strange and wonderful things to me.
BTW, how are you doing the concrete dock and how much is it? We have a very old concrete dock in our neighborhood that is dire need of repair. Just curious. We'll probably just patch it up somehow, but would love to really upgrade it so it's attractive as well as functional.
iris lilies
2-21-20, 11:01am
Are those canal things all over Florida or is there just a particular area where they are? I ask because I’ve noticed them before but I can’t remember where I was looking at real estate online.
I like the canals in Venice California because the architecture can be charming and the canals are historic. There are only two or three short canals in Venice though.
iris lilies
2-21-20, 11:05am
Are those canal things all over Florida or is there just a particular area where they are? I ask because I’ve noticed them before but I can’t remember where I was looking at real estate online.
I like the canals in Venice California because the architecture can be charming and the canals are historic. There are only two or three short canals in Venice though.
Teacher Terry
2-21-20, 11:57am
Beautiful house! So much cheaper than here.
I love the pool and hot tub with the beautiful view.
It's a beautiful house, and what a great location on the water/canals! Having lived in the NE my whole life, lanais with in-ground pools are strange and wonderful things to me.
BTW, how are you doing the concrete dock and how much is it? We have a very old concrete dock in our neighborhood that is dire need of repair. Just curious. We'll probably just patch it up somehow, but would love to really upgrade it so it's attractive as well as functional.
I’ve been given a ballpark price of between $15,000-$25,000. This does not include the lift. Varies of coarse due to length, how many piers, disposal of old.
I can’t get any solid bids till we close.
unfortunatly the lady that currently lives in the home is the original owner, her husband passed about 10 years ago. Her kids are moving her out, I assume to assisted living. She does not want to move, and it’s hard to show or inspect as she won’t leave.
We tried to be as nice as we could and we have not told her we are basically tearing everything out. She is very proud of the house and feels that there is nothing wrong with it. There should be no reason for anyone to inspect.
Before we close, we will have to make sure we don’t have a squatter. And I’m changing the locks. As someone who recently had to go through this with my dad, I feel for the kids.
Beautiful house! So much cheaper than here.
Thanks, according to the wife it needs a lot of updating. We will be doing some of the work, but still are budgeting putting another $125,000-$150,000 in it.
prices have been going up the last few years, and the area is definatly growing. We currently live on the golf coarse and felt if we were going to move to a canal house, we should do it now.
Teacher Terry
2-21-20, 12:09pm
I am not surprised it’s a old lady by the furniture and decorating:)). Also it’s a great climate for the pool. I am sure you will get lots of use out of it.
Are those canal things all over Florida or is there just a particular area where they are? I ask because I’ve noticed them before but I can’t remember where I was looking at real estate online.
I like the canals in Venice California because the architecture can be charming and the canals are historic. There are only two or three short canals in Venice though.
The big draw to this town is it’s canal systems. The city even maintains the sea walls. And my understanding is more can’t be built, may just be in this county though. There are a few towns that have them, so not uncommon, but still limited and more desirable.
Thanks, according to the wife it needs a lot of updating. We will be doing some of the work, but still are budgeting putting another $125,000-$150,000 in it.
prices have been going up the last few years, and the area is definatly growing. We currently live on the golf coarse and felt if we were going to move to a canal house, we should do it now.
Interesting. I think the kitchen cabinetry is fabulous-I'd lose the wallpaper and if the counters aren't solid, replace those. Beautiful overall! Love the sunroom/outdoor space.
Enjoy this trip toward moving into your new home!
happystuff
2-21-20, 6:11pm
Beautiful house! I agree maybe lose the wallpaper, but everything else looks good. Maybe I just have lower/different standards - LOL. Enjoy making it yours.
I love all the natural light!
I used to work on Cooper Street, so I know the area.
That is a gorgeous house and setting. The pool and area are so inviting and airy. Glad you found what you and your wife wanted.
Do you have to buy hurricane insurance when you live on the Florida coast? My father used to live on the Texas coast near Houston and it was an almost annual ritual to tape up/board windows when hurricanes threatened.
I spotted this gem a few days ago. It's cheap even for a mobile, so I figure either a murder was committed there, it's haunted, or the park owners are selling out. I restrained myself from sending them a down payment...
https://www.trulia.com/p/wa/olympia/4805-cushman-rd-ne-55-olympia-wa-98506--2119410328
I spotted this gem a few days ago. It's cheap even for a mobile, so I figure either a murder was committed there, it's haunted, or the park owners are selling out. I restrained myself from sending them a down payment...
https://www.trulia.com/p/wa/olympia/4805-cushman-rd-ne-55-olympia-wa-98506--2119410328
Jane, it's AMAZING. Is the HOA really hight? I would buy it in a heartbeat. The water. The woodstove. It's big, too-- 3/2!
Jane, it's AMAZING. Is the HOA really hight? I would buy it in a heartbeat. The water. The woodstove. It's big, too-- 3/2!
I wonder about the HOA; I couldn't find it in the listing, which isn't a good sign.
Maybe they've done their homework and global warming will wash it out to sea. The property taxes looked delightful to me...
Olympia has lots of water, though it may be a little too close to Mt. Rainier if it should erupt. And the Nisqually earthquake (2000, was it?) was centered nearby.
I wonder about the HOA; I couldn't find it in the listing, which isn't a good sign.
Maybe they've done their homework and global warming will wash it out to sea. The property taxes looked delightful to me...
Olympia has lots of water, though it may be a little too close to Mt. Rainier if it should erupt. And the Nisqually earthquake (2000, was it?) was centered nearby.
I'm with Tybee.. it's great! Are you going to check it out?
mschrisgo2
2-23-20, 4:02am
Jane, looks like it’s overpriced, the house across the street is listed for $74,xxx. Also, there’s a large pile of tree debris in one of the pictures. Did a tree fall and cause damage? It’s almost 50 yrs old, and right on the water; hard to tell from the pictures of fresh paint if it has really been kept up from inevitable weathering. And there is no mention of “park approval” to lease the land, or of the monthly fee. The listing screams “inexperienced seller” which can lead to troubles, though not if the buyer is saavy.
Most likely, the owner died, and heirs turned it over to a management company to “clean up and sell.” Not having done a good comp analysis, they have listed it too high. I’ve seen that scenario play out a few times where I live. Usually they sit on the market until the listing expires, then a new realtor lists it at a comparable price and it sells inside of a week.
mschrisgo2
2-23-20, 4:25am
Jane, I looked a little further, lot rent is around $800/ mo. And there is a listing for the same property from June 2019, obviously prior to painting and creative photography...
(googled the address)
Property taxes are low, because it’s not real property, it is personal property.
With the stories of land being sold out from under mobile home parks or of the owners not maintaining sewer and water systems, I would not consider one even with a pretty view. Well, unless the cost is not important if lost. We did own one in the 70s. Park has since been demolished and sold to commercial interests.
What wisdom is being shared here!!!
About 30 years ago, a new development on Lake Ontario for housing seniors was created to lease land for homes and the lease price included water, a club house, golf course etc and snow removal. DH and I checked it out to see how it worked as the concept seemed unique.
The monthly lease at that time was under $100/mth with the advice that the cost of the lease would not be increased by more than 1-2% per year if I remember correctly. Look up Wilmot Creek in Bowmanville, Ontario.
DH thought it seemed a ponzi-type of scheme as the most recent owner of each dwelling would have greater difficulty selling their aging dwelling and increased lease rate.
I recently checked out that development for fun and curiosity and the lease on one older home is now $983/mth.
Wow, Razz, it sounds like time proved that it was a good investment.
I always think waterfront is a spectacular thing. I think 120k for waterfront with 3 bedrooms and 2 baths is amazing.
As to the future, I am getting older, and I tell myself, the house only has to last 30 more years, max, and then it can fall into the ocean for all I care.
I'm a fool for a good view, so I was dazzled by that. But I'd be wary of buying a mobile/manufactured home in a park because of the (usually exorbitant) fees and the ever-present possibility that the land would be sold out from under me. I won't be buying for awhile--if ever--but I scout the possibilities from time to time.
I'm with Tybee in that my next house will likely be my last, so if global warming carries it out to sea, I can ride it like an iceberg into the sunset.
Jane, have you ever considered a houseboat? I looked at some nice ones in Portland, Oregon, where my son lives.
Here's one:
https://www.zillow.com/homedetails/309-NE-Bridgeton-Rd-B-Portland-OR-97211/2081067554_zpid/
Like everything else in Portland, it has doubled in price in 5 years.
iris lilies
2-24-20, 10:03am
Jane, have you ever considered a houseboat? I looked at some nice ones in Portland, Oregon, where my son lives.
Here's one:
https://www.zillow.com/homedetails/309-NE-Bridgeton-Rd-B-Portland-OR-97211/2081067554_zpid/
Like everything else in Portland, it has doubled in price in 5 years.
dont those things require crap tons of $ for maintenance?
Besides, Jane couldn't move her grand piano there. Or she would have to place it carefully, with balance on the other side.
I watched an episode of the great British interior design show where they decorated a houseboat. There were many issues about loading stuff onto it.
I don't know about maintenance, good question. I have seen them with pianos, but they were uprights, so don't know that either.
I could live in the Portland one, that's for sure--well, I could if I had smaller dogs. Not with these two.
My son's in-laws have a Newfoundland on theirs.
Jane, have you ever considered a houseboat? I looked at some nice ones in Portland, Oregon, where my son lives.
Here's one:
https://www.zillow.com/homedetails/309-NE-Bridgeton-Rd-B-Portland-OR-97211/2081067554_zpid/
Like everything else in Portland, it has doubled in price in 5 years.
I've only briefly considered houseboats--lots of lovely views there, for sure. That one is certainly cozy, and the price is right. I'd be concerned about storms and maintaining qa float.
dont those things require crap tons of $ for maintenance?
Besides, Jane couldn't move her grand piano there. Or she would have to place it carefully, with balance on the other side.
I watched an episode of the great British interior design show where they decorated a houseboat. There were many issues about loading stuff onto it.
Piano? I am the least musical person, ever. A piano is one of the few things I don't have, although I entertained the idea of a keyboard with synthesized instruments for a brief time.
iris lilies
2-24-20, 4:15pm
Piano? I am the least musical person, ever. A piano is one of the few things I don't have, although I entertained the idea of a keyboard with synthesized instruments for a brief time.
I was just kidding there.
I was just kidding there.
See--I have a tin ear!
I do have a piano and will probably have another one in the next year, and it sure is a problem--they take up a lot of space, that is for sure.
I do have a piano and will probably have another one in the next year, and it sure is a problem--they take up a lot of space, that is for sure.
Love my upright Grand!
Me too--I have to move it from my parents house and get it restored, which is going to cost a fortune.
The 7 foot grand is my husband's and he can't let go of it.
I don't want to let go of my upright (it's a Steinway Vertegrand, maybe that's what you have?) but he doesn't want to let go of the Baldwin, which is actually the nicest piano I have ever played. The action is SO nice.
But the Steinway was a present from my mom for Christmas one year.
When we moved, I spent a few months trying to "sell" my old upright. It had been my childhood piano and moved from house to house. Finally, a young lady gave me $75 for it. I have seen ads for free pianos here so I guess they are too expensive for some to move to consider keeping.
Teacher Terry
2-27-20, 12:19pm
My friend had difficulty selling her piano but finally sold it cheap when she moved. Can’t imagine having a house big enough for 2.
I KNOW! Fixing it or moving it are prohibitively expensive-- and then whose family memories get erased--it was a really meaningful gift for both of us, his from his dad, me from my mom, so letting them go is so hard. But who even needs two giant pianos--freudian slip, I wrote that pain-os.
catherine
2-27-20, 12:29pm
I KNOW! Fixing it or moving it are prohibitively expensive-- and then whose family memories get erased--it was a really meaningful gift for both of us, his from his dad, me from my mom, so letting them go is so hard. But who even needs two giant pianos--freudian slip, I wrote that pain-os.
One of the fringe benefits of renting to my son was that when we moved, he asked us if he could keep the piano! Duh! He had it tuned and plays it all the time now. If we had sold the house, or if we ever do sell the house, that will be another headache.
Regarding the family memory perspective, that piano was given to us for free when my then-teen-aged son was dating the daughter of the owner of a moving company. Someone had abandoned the piano, so he gave it to us and he even had his movers deliver it! But one of the points of this story is that I believe it's hard to even give pianos away these days.
You're right, it is a big deal to move them,and people do give them away.
We have given away a piano in the past (actually, I should have kept that one, it was a little Baldwin Acrosonic, the perfect size.)
Part of the problem is that both of these pianos, with restoration, are expensive pianos. The Baldwin needs less work, and with work, would sell for around 35000. So you have to either sell it cheaper, keep storing it, or keep it.
It would be cheaper to buy a different Steinway for around 10,000 when we move.
If husband would get rid of Baldwin, that would be my preference because the upright is a nice feature.
But I am looking at 10,000 to restore the Steinway and move it, minimum, and it's a big pain because it's not at our house currently.
You are really lucky that your son has the family piano! A nice solution for all.
I’ve got a safe to move, I’m looking at moving it myself, with the right equipment of coarse.
Also I’m really thinking of taking out a loan on the next home I’m buying. I never though I’d see home loans down around 3%. That’s pretty cheap money.
I close on the house I’m moving to in around 3 weeks. I close on my current house 10 days later. I’ve moved some stuff out to my airplane hangar, the rest will just have to get moved in between. Were only moving a couple of miles, so it shouldn’t be to much trouble.
I need to give up my hangar, I sold my plane, but the new owner has not picked it up yet. I said he could keep it there till the end of March. He paid full price sight unseen, so I don’t mind. And the check has cleared.
I’ve got a safe to move, I’m looking at moving it myself, with the right equipment of coarse.
Also I’m really thinking of taking out a loan on the next home I’m buying. I never though I’d see home loans down around 3%. That’s pretty cheap money.
I close on the house I’m moving to in around 3 weeks. I close on my current house 10 days later. I’ve moved some stuff out to my airplane hangar, the rest will just have to get moved in between. Were only moving a couple of miles, so it shouldn’t be to much trouble.
I need to give up my hangar, I sold my plane, but the new owner has not picked it up yet. I said he could keep it there till the end of March. He paid full price sight unseen, so I don’t mind. And the check has cleared.
That is very creative storage space!
Well the people buying my current house asked if we could move the closing date up the 4/13. I of coarse said sure, we will make it work, then we asked if we could move our closing date up a few days. So far the answer is no, that would give us two days to move. The lady we are buying from has not been helpful at all, her kids are moving her to assisted living and she is not happy about it.
We are going to get a home loan this time, it will give us some funds to remodel, buy a boat, and keep more money in the ira for now. We locked in for 3.125%, if it drops more we can adjust once . I never thought I’d see loans that low. And since I’m close to 63 and it’s a 30 year loan, I guess the kids can pay it off when I’m gone
Teacher Terry
3-5-20, 6:47pm
Unless the woman has dementia her kids can’t force her to move. I wonder if she will refuse to sign at closing. I hope not for your sake.
Unless the woman has dementia her kids can’t force her to move. I wonder if she will refuse to sign at closing. I hope not for your sake.
It is a concern, she knows she’s moving. And she did sign the contract, so I guess I could threaten to sue. I would be out quite a bit of money, and homeless to boot.
I think she is just trying to put off the inevitable for a bit. My understanding is the kids are running the show. I will be wanting to check the house before we close, just to make sure she is out. I wish things were under better circumstances, but the house checked quite a few boxes for us compared to the others for sale currently.
We are going to get a home loan this time, it will give us some funds to remodel, buy a boat, and keep more money in the ira for now. We locked in for 3.125%, if it drops more we can adjust once . I never thought I’d see loans that low. And since I’m close to 63 and it’s a 30 year loan, I guess the kids can pay it off when I’m gone
Great move! Remarkable isn't it? When we bought our first home interest was 19%>:( We lucked out on an assumable loan from our sellers....just 10.5%. We were thrilled!
I remember buying a home at the end of the Carter administration. All I could get was a double digit variable rate loan with no cap. I was so happy when we were able to refinance a fixed rate years later in the low teens. Then I refinanced again at a rate below 10%.
dmc, that is what convinced us that debt was a bad thing. We got out of that debt and paid off our next house as fast as we could.
Debt at 3% is a lot different than debt at 10%. It’s the only loan we will have, and we would have to take some money out of our IRA to pay for some of it. Our tax rate is 22% now, that would put some of it to the 24% tax rate.
ive been retired now for over 12 years, and I started taking my SS recently. The SS will cover the loan and then some.
I've honestly been thinking about this since yesterday's announcement of 15y fixed at 2.79%. Should we pull the equity from our home to invest?
I don't think I would actually do it,,,,,but I can't shirk the thought! I think the President was wrong to call for this change so I have concerns about the reality to come.
That would cut my interest rate in half.. But I refi'd last year for lower payments to close the gap between my mortgage payment and my son's rent. The mortgage company has been calling me like crazy. I wonder if I should do it?
I’m borrowing to keep from selling my investments, so somewhat the same thing. The big difference for me is if I sell, I have taxes to pay also, so it makes borrowing look better to me.
I’m actually pulling much of the money from my retirement account ,but when I close on my current home a couple of days later I’ll be putting that amount back to keep from paying taxes on it.
That would cut my interest rate in half.. But I refi'd last year for lower payments to close the gap between my mortgage payment and my son's rent. The mortgage company has been calling me like crazy. I wonder if I should do it?
Honestly, your son should jump on this rate. Since the plan is to buy it anyway! It would save you money even if you assisted him w/payment for a while!!!!
Honestly, your son should jump on this rate. Since the plan is to buy it anyway! It would save you money even if you assisted him w/payment for a while!!!!
True! He is starting a new job this month that will increase his household income by 75%. So he won't need my help.
I'm seeing him Sunday and I'll talk to him about it!
True! He is starting a new job this month that will increase his household income by 75%. So he won't need my help.
I'm seeing him Sunday and I'll talk to him about it!
The lender will want proof of that....usually last 2 paystubs. Wonder if his new employer would give him a letter?
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