Home Ownership

[Naethyn]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Most can't afford to buy a home without a loan. Most mortgages are 30 year fixed rates so you don't technically own it until you pay it off after 30 years. But there is kinda no point to it because most people don't actually live in their home for 30 years so I look at it like you are paying rent. The good part about it though, in general over time, home prices go up. So when you sell your house, you have to pay back the rest of your loan, but you get to keep the money that has appreciated over time, where as rent you obviously don't.

And then you use that cash to write a check on the next home. And then you use that home as equity to get a loan on an another home that will appreciate more, because it is worth more. Repeat.

[starkind]

Buttfuck innocent retards right?

[Gatordash]

Anyone here ever used Ibuyers like opendoor or offerpad to sell their home? I had a neighbor use it a few weeks ago and got a good deal, and an employee of mine used opendoor like 2 years ago and she said she liked it too. I did the online survey thing on opendoor and the preliminary offer they gave me for my home seems too good to be true.

[Homesteaded]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

Anyone here ever used Ibuyers like opendoor or offerpad to sell their home? I had a neighbor use it a few weeks ago and got a good deal, and an employee of mine used opendoor like 2 years ago and she said she liked it too. I did the online survey thing on opendoor and the preliminary offer they gave me for my home seems too good to be true.

Those services are for fools. If you are a fool then use it.

[Topgunben]

Need some pro advice.

Going to be getting a mortgage, but won’t be able to fully close until October. Is it possible to lock my rate in now and pay for extensions over the next several months?

[unsunghero]

Originally Posted by Homesteaded [You must be logged in to view images. Log in or Register.]

Those services are for fools. If you are a fool then use it.

Yes I have also heard these places will lowball the shit outta you. From both realtors and just friends

[Jibartik]

I was watching some 80s movie and this country is about to be a dump for like 20 years.

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[Gatordash]

Originally Posted by unsunghero [You must be logged in to view images. Log in or Register.]

Yes I have also heard these places will lowball the shit outta you. From both realtors and just friends

The ‘preliminary offer’ was almost 60k more than what the traditional realtor thought we could get at most. That’s why I thought it was too good to be true. I set up virtual walkthroughs with open door and Offerpad for Tuesday afternoon. It’s free so I’ll see how it goes. Also, the traditional realtor did comps on my house like 3 months ago so an extra 60k in 3 months in Las Vegas is kinda standard at this point [You must be logged in to view images. Log in or Register.]

[unsunghero]

Originally Posted by Gatordash [You must be logged in to view images. Log in or Register.]

The ‘preliminary offer’ was almost 60k more than what the traditional realtor thought we could get at most. That’s why I thought it was too good to be true. I set up virtual walkthroughs with open door and Offerpad for Tuesday afternoon. It’s free so I’ll see how it goes. Also, the traditional realtor did comps on my house like 3 months ago so an extra 60k in 3 months in Las Vegas is kinda standard at this point [You must be logged in to view images. Log in or Register.]

Yea I bet it seems too good to true because of the market not the investment firm buyer. They wouldn’t want it if they couldn’t flip the shit out of it somehow

I dunno, they seems dodgy to me. To sound British

[Gatordash]

Originally Posted by unsunghero [You must be logged in to view images. Log in or Register.]

Yea I bet it seems too good to true because of the market not the investment firm buyer. They wouldn’t want it if they couldn’t flip the shit out of it somehow

I dunno, they seems dodgy to me. To sound British

It is an extremely flippable house. No matter if we do traditional realtor, or ibuyer, I would be surprised if it doesn’t get flipped. …or get rented out for a crazy amount of money. I still kinda think we should rent it out because rent prices are so astronomical but I just don’t want to deal with it mentally.