Found a home this weekend

Reddly9007 · 07-25-2005, 6:55 AM

gave an offer, accepted now all the paper work! They want to close by August 17th, we just need to get out of our lease.

2004 3/2 split plan, 2 car garage, 1692 sq feet, oversized lot, upgrades in the kitchen, best thing about it, we don't have to do anything to move in. The house is great, no need for paint, flooring, anything until we want to and save some money up!

My girl and I are very excited, glad the search process is over. Now its time to get raped on the closing.

wstevens · 07-25-2005, 8:36 AM

Congrats! Please post some pics as soon as you can.

**Scrib** · 07-25-2005, 8:44 AM

matelot · 07-25-2005, 9:03 AM

how much $$$ ?

**GreenMonster** · 07-25-2005, 11:16 AM

Congrats !!

eve · 07-25-2005, 11:45 AM

Congratulations!

August 17th is my birthday.

Reddly9007 · 07-25-2005, 12:13 PM

Quote:

Originally Posted by matelot

how much $$$ ?

wayyyyy to much!

Lets just say the price is in the high 200's. I'd like to believe this is the hottest area of Orlando and honestly see no real reason why it would drastically drop.
For anyone familar with Orlando its near UCF, back in Waterford, right next to Avalon Park.

Whiskers · 07-25-2005, 12:34 PM

**GreenMonster** · 07-25-2005, 12:48 PM

Quote:

Originally Posted by Reddly9007

wayyyyy to much!

Lets just say the price is in the high 200's. I'd like to believe this is the hottest area of Orlando and honestly see no real reason why it would drastically drop.
For anyone familar with Orlando its near UCF, back in Waterford, right next to Avalon Park.

Yeah, the Orlando and Tampa markets have heated up.... It's not like in the "old days" when everything down in Florida was cheap. I noticed that a place like mine (1100 sq. ft., 3br, 3car) up here in SE MA will sell for about the same (maybe a little lower) down there in FL in/around one of the big cities.

I've been researching some stuff down in FL, so if need some housing info (good neighborhoods to buy in), don't be surpised if you get a PM from me

**fdl** · 07-25-2005, 12:51 PM

Quote:

Originally Posted by Reddly9007

wayyyyy to much!

Lets just say the price is in the high 200's. I'd like to believe this is the hottest area of Orlando and honestly see no real reason why it would drastically drop.
For anyone familar with Orlando its near UCF, back in Waterford, right next to Avalon Park.

I guess its all relative, but that sounds pretty cheap to me. Good job

SDCGTSX · 07-25-2005, 1:22 PM

High 200's? Sheet. I sell my 2/2 1000 sf condos for $350,000 and they are just converted apartments. But then again, everyone would live in San Diego if it were cheap to live here.

Reddly9007 · 07-25-2005, 1:29 PM

Quote:

Originally Posted by GreenMonster

Yeah, the Orlando and Tampa markets have heated up.... It's not like in the "old days" when everything down in Florida was cheap. I noticed that a place like mine (1100 sq. ft., 3br, 3car) up here in SE MA will sell for about the same (maybe a little lower) down there in FL in/around one of the big cities.

I've been researching some stuff down in FL, so if need some housing info (good neighborhoods to buy in), don't be surpised if you get a PM from me

send me a PM if you have questions, I have been in this area for a while now. Its got great potential. Plus the bigger UCF gets the better the area could get to, as well as downtown Orlando growing

Reddly9007 · 07-25-2005, 1:31 PM

I'll try and get some pictures up as soon as I can, the only thing I'd really like to do once I move in is fence in the yard (which is nice cause its actually a decent size) and put tile in the kitchen and baths and foyer (currently have nice vinly)

matelot · 07-25-2005, 6:49 PM

I was going to go "Damn ! hi-200K for a condo...in Orlando"....but yours is brand new and 3 BRs right ? well here in NE for that money you get 1-1/2 BR

BigPimp · 07-25-2005, 6:59 PM

Congratulations! And why would you get raped on the closing?

Who is your realtor and who will do your financing?

Reddly9007 · 07-26-2005, 7:18 AM

Quote:

Originally Posted by BigPimp

Congratulations! And why would you get raped on the closing?

Who is your realtor and who will do your financing?

I guess I don't mean raped, but 6-7 grand at closing is a lot of money for someone who has nothing saved up. We are using Century 21 and the mortgage company is I guess a smaller one, Citizen Trust, ever heard of them?

Reddly9007 · 07-26-2005, 7:18 AM

Quote:

Originally Posted by matelot

I was going to go "Damn ! hi-200K for a condo...in Orlando"....but yours is brand new and 3 BRs right ? well here in NE for that money you get 1-1/2 BR

Its a 3/2 single family home, not a townhouse, built in 2004.

BigPimp · 07-26-2005, 8:04 AM

Quote:

Originally Posted by Reddly9007

I guess I don't mean raped, but 6-7 grand at closing is a lot of money for someone who has nothing saved up. We are using Century 21 and the mortgage company is I guess a smaller one, Citizen Trust, ever heard of them?

How come you are not going through Century 21 mortgage? 6-7 sounds high.

Reddly9007 · 07-26-2005, 10:13 AM

Quote:

Originally Posted by BigPimp

How come you are not going through Century 21 mortgage? 6-7 sounds high.

We are using the lender our realtor suggested. The house price was 280k, I am not exactly sure yet what our portion of closing costs will be, hopefully figure that out later today but you think that is high? What kind of questions should I be asking, I am a first time home buyer and unfortunately am relying on my real estate agent to help me out. I feel lost because its all happening really fast and I don't want to get burned but there is so much I don't know.

BigPimp any help or info would be appreciated!

BigPimp · 07-26-2005, 3:47 PM

Personally, I would not rely on your agent for mortgage recommendations. Agents, not all, but most, know very little about mortgages. Which C21 office is your agent with? Also, the broker should be able to give you a good faith estimate. I can take a look at it for you and let you know if you are getting a bad deal.

I am very closely associated with Century 21 Mortgage, we basically own the name Century 21 and majority of the deals go through us.

VTEC11 · 07-26-2005, 5:44 PM

Quote:

Originally Posted by Reddly9007

Its a 3/2 single family home, not a townhouse, built in 2004.

Congrats. That's a good price for a detached home.

Reddly9007 · 07-27-2005, 9:33 AM

Quote:

Originally Posted by BigPimp

Personally, I would not rely on your agent for mortgage recommendations. Agents, not all, but most, know very little about mortgages. Which C21 office is your agent with? Also, the broker should be able to give you a good faith estimate. I can take a look at it for you and let you know if you are getting a bad deal.

I am very closely associated with Century 21 Mortgage, we basically own the name Century 21 and majority of the deals go through us.

I spoke with my mortgage lady again this morning and requested we set up a meeting hopefully later today or tomorrow to fully understand our 1st and 2nd, depending on what we do. After that I will try and get back with you because at times I'm feeling totally lost. I really wish it wasn't that complicated, I don't want to get screwed and because I do not understand everything I tend to feel like that, even if I am not. Knowledge truely is power! I'll try and get my mortgage plan and rate and see what you think!

BigPimp · 07-27-2005, 4:00 PM

Quote:

Originally Posted by Reddly9007

I spoke with my mortgage lady again this morning and requested we set up a meeting hopefully later today or tomorrow to fully understand our 1st and 2nd, depending on what we do. After that I will try and get back with you because at times I'm feeling totally lost. I really wish it wasn't that complicated, I don't want to get screwed and because I do not understand everything I tend to feel like that, even if I am not. Knowledge truely is power! I'll try and get my mortgage plan and rate and see what you think!

What company is she with? Let me know what works out, I will help understand.

Reddly9007 · 07-28-2005, 6:30 AM

Quote:

Originally Posted by BigPimp

What company is she with? Let me know what works out, I will help understand.

She works for Citizens Turst, ever heard of them, i'm pretty sure they umbrella under someone else. As for the details i'll let you know tonight, thanks

SDCGTSX · 07-28-2005, 8:58 AM

I think everyone should check around for rates before choosing someone. There are basically 2 types. Mortgage brokers and banks reps. Brokers can shop around while bank reps only sell their stuff. There are some banks that brokers don't have access to. So the more you shop around, the better the rate you can find. You can find rate quotes without having to fillout an app and running your credit.

I'd suggest checking with at least a few credit unions and banks and a broker. You can expect to save 0.1-0.5% on average if you shop.

Reddly9007 · 07-28-2005, 9:27 AM

Quote:

Originally Posted by SDCGTSX

I think everyone should check around for rates before choosing someone. There are basically 2 types. Mortgage brokers and banks reps. Brokers can shop around while bank reps only sell their stuff. There are some banks that brokers don't have access to. So the more you shop around, the better the rate you can find. You can find rate quotes without having to fillout an app and running your credit.

I'd suggest checking with at least a few credit unions and banks and a broker. You can expect to save 0.1-0.5% on average if you shop.

good advice, I'll definitely check other places!

Doom878 · 07-28-2005, 2:40 PM

Quote:

Originally Posted by Reddly9007

gave an offer, accepted now all the paper work! They want to close by August 17t

07-25-2005, 6:55 AM	#1
Reddly9007 Stay or leave Join Date: Jul 2003 Location: Orlando, FL Age: 28 Posts: 1,222	Found a home this weekend gave an offer, accepted now all the paper work! They want to close by August 17th, we just need to get out of our lease. 2004 3/2 split plan, 2 car garage, 1692 sq feet, oversized lot, upgrades in the kitchen, best thing about it, we don't have to do anything to move in. The house is great, no need for paint, flooring, anything until we want to and save some money up! My girl and I are very excited, glad the search process is over. Now its time to get raped on the closing. __________________ But rushing around seems what’s wrong with the world Don’t lose the dreams inside your head They’ll only be there til you’re dead Dream

07-25-2005, 8:36 AM	#2
wstevens Interesting. Interesting. Join Date: Feb 2004 Location: NorCal Age: 36 Posts: 7,554	Congrats! Please post some pics as soon as you can.

07-25-2005, 8:44 AM	#3
Scrib Administrator Join Date: Oct 2001 Location: Northwest IN Age: 31 Posts: 23,240

07-25-2005, 9:03 AM	#4
matelot Unregistered Yakuza Join Date: Nov 2004 Location: Bushwhacked Land Age: 34 Posts: 3,878	how much $$$ ?

07-25-2005, 11:16 AM	#5
GreenMonster Mega Moderator Join Date: Aug 2002 Location: Swansea, MA Age: 42 Posts: 32,285	Congrats !!

07-25-2005, 11:45 AM	#6
eve Registered User Join Date: Jan 2004 Age: 30 Posts: 791	Congratulations! August 17th is my birthday.

07-25-2005, 12:34 PM	#8
Whiskers Must Kill A-Rod!!! Join Date: Aug 2004 Location: Yardley PA - USA!!!!!!!!!!!! Age: 37 Posts: 45,140

07-25-2005, 1:22 PM	#11
SDCGTSX Registered User Join Date: Jul 2005 Age: 31 Posts: 1,208	High 200's? Sheet. I sell my 2/2 1000 sf condos for $350,000 and they are just converted apartments. But then again, everyone would live in San Diego if it were cheap to live here.

07-25-2005, 1:31 PM	#13
Reddly9007 Stay or leave Join Date: Jul 2003 Location: Orlando, FL Age: 28 Posts: 1,222	I'll try and get some pictures up as soon as I can, the only thing I'd really like to do once I move in is fence in the yard (which is nice cause its actually a decent size) and put tile in the kitchen and baths and foyer (currently have nice vinly)

07-25-2005, 6:49 PM	#14
matelot Unregistered Yakuza Join Date: Nov 2004 Location: Bushwhacked Land Age: 34 Posts: 3,878	I was going to go "Damn ! hi-200K for a condo...in Orlando"....but yours is brand new and 3 BRs right ? well here in NE for that money you get 1-1/2 BR

07-25-2005, 6:59 PM	#15
BigPimp Offensive Driver Join Date: Feb 2001 Location: Philly, PA Age: 30 Posts: 4,124	Congratulations! And why would you get raped on the closing? Who is your realtor and who will do your financing?

07-26-2005, 3:47 PM	#20
BigPimp Offensive Driver Join Date: Feb 2001 Location: Philly, PA Age: 30 Posts: 4,124	Personally, I would not rely on your agent for mortgage recommendations. Agents, not all, but most, know very little about mortgages. Which C21 office is your agent with? Also, the broker should be able to give you a good faith estimate. I can take a look at it for you and let you know if you are getting a bad deal. I am very closely associated with Century 21 Mortgage, we basically own the name Century 21 and majority of the deals go through us.

07-28-2005, 8:58 AM	#25
SDCGTSX Registered User Join Date: Jul 2005 Age: 31 Posts: 1,208	I think everyone should check around for rates before choosing someone. There are basically 2 types. Mortgage brokers and banks reps. Brokers can shop around while bank reps only sell their stuff. There are some banks that brokers don't have access to. So the more you shop around, the better the rate you can find. You can find rate quotes without having to fillout an app and running your credit. I'd suggest checking with at least a few credit unions and banks and a broker. You can expect to save 0.1-0.5% on average if you shop.