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re: Question for realtors... Am I being selfish?

Posted on 11/2/13 at 6:40 am to
Posted by ItNeverRains
37069
Member since Oct 2007
26951 posts
Posted on 11/2/13 at 6:40 am to
quote:

15-25k isn't much equity?


You've been in home 6 years correct? Then no, it's not.

To the poster asking if I enjoy being a realtor, 100% yes. It's more work than most think when done correctly. But it can be very lucrative and if you're not a clock puncher and enjoy brokering deals, it's great.
Posted by TIGRLEE
Northeast Louisiana
Member since Nov 2009
31493 posts
Posted on 11/2/13 at 7:46 am to
I'm starting to get the feeling about you that if I said my house was white you'd say it was black.

I've been paying mortgage payments for exactly 65 months... If 20k (split the diff) isn't an acceptable # to pull out of a home after it closes as opposed to fricking renting.....

I'm just gonna have to assume you are trolling.

You keep leaving out the crucial fact that not all housing markets are the same.
20k gain in 5.5 years in a home is win for me, as I would guess it would be for many other homeowners.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13754 posts
Posted on 11/2/13 at 8:21 am to
Did you only make a 3.5% down payment? Assuming it's a 200K house, 20K is not much equity after six years. In fact, the standard 20% down payment would instantly give you 40K in equity. Remember, your payments on the house for this time period went mainly to interest (probably 50K) and only 20K or so to principle.

I'd say you are doing well breaking even after being there for these past 6 years, considering the housing market.
Posted by TIGRLEE
Northeast Louisiana
Member since Nov 2009
31493 posts
Posted on 11/2/13 at 9:03 am to
I put 0 down.

Actually I leased it for almost yr half on lease purchase.
I forgot all about that, so really it's closer 48 months.

Idk man, 15-20k seems like abig win to me.
This post was edited on 11/2/13 at 9:08 am
Posted by BananaHammock
Member since Aug 2011
13150 posts
Posted on 11/2/13 at 11:08 am to
1. realtors (I refuse to capitalize the first letter) aren't worth shite, so geaux fsbo fasho.

2. If it doesn't sell, rent your house to a black family so its value and the value of your neighborhood escalates more quickly.
Posted by ItNeverRains
37069
Member since Oct 2007
26951 posts
Posted on 11/2/13 at 5:31 pm to
quote:

I'm starting to get the feeling about you that if I said my house was white you'd say it was black. I've been paying mortgage payments for exactly 65 months... If 20k (split the diff) isn't an acceptable # to pull out of a home after it closes as opposed to fricking renting..... I'm just gonna have to assume you are trolling. You keep leaving out the crucial fact that not all housing markets are the same. 20k gain in 5.5 years in a home is win for me, as I would guess it would be for many other homeowners.


Nah, it's just the truth. About a page back I commented your realtor using iPhone pics was bogus and a disservice to you. Truth is truth.

If you bought 2007-2008 before crash, and put 0 down, then yes, 15-20k is good based on when you bought and what you put down.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 11/3/13 at 6:48 am to
quote:

I refuse to pay my realtor more in commission than I'm getting in equity upon completion of sale.

Like taking cyanide and hoping the other person dies. It's the new American way.... projecting your undesirable circumstances on the nearest person in the same room. Like blaming the mail man for delivering collection letters.
This post was edited on 11/3/13 at 6:50 am
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