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re: House Shopping Huntsville AL. Any advice

Posted on 2/1/19 at 9:47 pm to
Posted by Ash Williams
South of i-10
Member since May 2009
18178 posts
Posted on 2/1/19 at 9:47 pm to
Yes.

Make decisions on your own for the first time in your life.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
67133 posts
Posted on 2/1/19 at 9:50 pm to
Edgewater off of Zierdt rd is nice. It’s on the west side of redstone
Posted by LaBR4
Baton Rouge
Member since Sep 2005
51308 posts
Posted on 2/1/19 at 9:51 pm to
quote:

You have to get a roof replaced for that service



Epic Garcia fricked my husband thread
Posted by LaBR4
Baton Rouge
Member since Sep 2005
51308 posts
Posted on 2/1/19 at 9:52 pm to
quote:

I've heard rumors that sometimes agents sleep with their clients. I always figured that was just a myth. At the most, something that rarely happens.


Pick out something you like and report back
Posted by Jizzy08
Member since Aug 2008
11268 posts
Posted on 2/1/19 at 9:56 pm to
quote:

I'm looking for something between 200K to 300k. I'd prefer a 4 bedroom house because I want enough room for my future family.


How about you buy for yourself within your means. And if you’re really worried about your future family, why not look into a place with top tier schools?
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 2/1/19 at 10:07 pm to

$260K home

Notes of $1000/month.

So approximately 260 months.

Translates to 22 years rounded up.

So in 22 years of uninterrupted payments, the house will be paid off. That's not too bad. Right?

Posted by fallguy_1978
Best States #50
Member since Feb 2018
49097 posts
Posted on 2/1/19 at 10:13 pm to
quote:

$260K home 

Notes of $1000/month. 

Lulz. How big of a down payment are you making? If not significant it will be a lot more than that.
Posted by Bamatab
Member since Jan 2013
15118 posts
Posted on 2/1/19 at 10:14 pm to
If you are thinking about having a future family, then you need to consider schools. Where are you going to be working? You can find a house in Madison for that price range.
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56591 posts
Posted on 2/1/19 at 10:14 pm to
Waiting list on the section 8 stuff?

Man. That sucks. Good luck!
Posted by AUsteriskPride
Albuquerque, NM
Member since Feb 2011
18385 posts
Posted on 2/1/19 at 10:14 pm to
I was going to move back there, but I suddenly changed my mind.
Posted by Weagle25
THE Football State.
Member since Oct 2011
46256 posts
Posted on 2/1/19 at 10:39 pm to
quote:

Lulz. How big of a down payment are you making? If not significant it will be a lot more than that.

I’m hoping he’s joking. He literally took principal amount made up a payment per month and divided to approximate how long it will take him to pay it off

If he thinks that’s how it works, not sure he’s smart enough to live here
Posted by oauron
Birmingham, AL
Member since Sep 2011
14515 posts
Posted on 2/1/19 at 11:00 pm to
quote:

Brand new homes with granite countertops are selling for $88 per square ft in Huntsville? Jeez

Housing in AL was much cheaper than BR/NOLA in my experience.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 2/1/19 at 11:03 pm to
For that price and bedroom count Hampton Cove is a good option
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
19816 posts
Posted on 2/1/19 at 11:05 pm to
I bet there is an apartment complex around the corner.
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18307 posts
Posted on 2/1/19 at 11:32 pm to
quote:

Housing in AL was much cheaper than BR/NOLA in my experience.



Yup, it's because the average income in Alabama is about 10% less:

LINK

ETA: this is great for someone that has a skillset that puts them in a high paying area such as Huntsville
This post was edited on 2/1/19 at 11:35 pm
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 2/2/19 at 12:42 am to
quote:

I’m hoping he’s joking. He literally took principal amount made up a payment per month and divided to approximate how long it will take him to pay it off


Okay then

A 10% increase to 260K house would be 286,000.

So basically at 1000/month payments, I would be looking at paying off the house in approximately 24 years.

How much of a downpayment are we talking? Is it better to increase the payments or save up the payment?

Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89777 posts
Posted on 2/2/19 at 1:01 am to
quote:

So in 22 years of uninterrupted payments, the house will be paid off. That's not too bad. Right?





Interest, motherfricker. Do you pay it?
Posted by weadjust
Member since Aug 2012
15198 posts
Posted on 2/2/19 at 1:08 am to
$260,000 house with a 30 year mortgage with 10% down payment @ 5% interest + PMI + Home Owners Insurance ($1,000 a year) will have a monthly payment of $1,637


$561,823.54
Total of 360 Payments

Mortgage Calculator
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56591 posts
Posted on 2/2/19 at 1:16 am to
Aww damn.

You ruined what would have been a great future thread when he didn’t understand he’d have to cough up $30,000 - $35,000 at closing to buy the place then have monthly payment be “off” by $700-$800 a month and not believing it would be that much.
Posted by Hangit
The Green Swamp
Member since Aug 2014
39523 posts
Posted on 2/2/19 at 2:12 am to
quote:

$260K home Notes of $1000/month. So approximately 260 months. Translates to 22 years rounded up. So in 22 years of uninterrupted payments, the house will be paid off. That's not too bad. Right?


Way too shiny. Also, it was a bit long so most didn't read it. I saw you had to come back and re-state it.
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