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I came across this house...

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  • #16
    There are some details that remain undiscussed that I hope you will consider. What is your & fiancee's criteria for 'must have' in a house? 'Cute' won't cut it if the bedrm is too small to meet your needs. How many bthrms when you are both getting ready to go to work or out with friends? What is commute to work for ea. of you?

    What services do you need and what is nearby or enroute for shops, services, recreation facilities, green space? Who lives on that street? Are there many children on that block or mostly young couples like yourselves?

    There seems to be a lot of homes for sale in the area. Why? How does that house stack up with all the others? I suggest a 'price match' with your value for specifics. For example, determine asking price per square foot. sf cost for other houses of similar size? How much is a front drive, single garage worth? Do other homes have dble garage? That is more appealing for commuters with 2 vehicles. Brick houses require far less external maintenance, what does that add to the cost of a house?

    The house doesn't have many things I would expect at that price point like... tiled kitchen backsplash, mature landscape, updated flooring. This house was built in 01 meaning the appliances, flooring are 8 yrs old with 15 yr. lifespan. BTW, the listing price is merely the suggested price. You can offer any sum you think valid. A house is only worth what a buyer is willing to pay and a seller will accept. How many houses does the bank want to keep on it's books? How many qualified buyers are available?

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    • #17
      lol, well go ahead and buy it and you will be crying next year! that house is OVER PRICED, you are not in california, are you? for PA!? OVER PRiced, a house that was bought in 2001, you better be getting it for 60% off what was paid in 2001 or better at this moment, and even then, I still won't touch it. The market has not bottomed out.

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      • #18
        Financial decisions are rarely black and white. The element of time and risk bring about unknowns into equation which you need to take into account.

        You could finance it with 5% down or 10% down maybe. This path has a set of risks you take on if you choose it. I am on this path myself, and I don't have an issue with it- but don't let me tell you what risks to take or avoid- that decision is up to you.

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