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Lobby General Discussion topic #13006855

Subject: "Start researching now. " Previous topic | Next topic
soulfunk
Charter member
11003 posts
Tue Apr-19-16 08:54 AM

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9. "Start researching now. "
In response to In response to 0


  

          

If you bought your current house without thinking about schools, start the research on schools, determining if the local district will work or not, what other areas have better districts, and what the housing cost is in those areas. Remember to check for charter schools.

Based on that, see if there are houses you like in the area with the best school districts, and if those houses would fit in your budget.

You have some good equity to work with. Ideally, you can sell your house and buy a new one and still be able to put a big chunk of that equity in the bank or into other investments to build some wealth. If your credit is strong, don't be afraid to buy a house while putting less down and having a larger mortgage if you are reinvesting the equity from the old house. The financing on the mortgage will be cheap as heck in terms of interest rates and you can beat that with your investments to build wealth.

  

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when should you sell your house? [View all] , legsdiamond, Tue Apr-19-16 08:30 AM
 
Subject Author Message Date ID
You planning on moving?
Apr 19th 2016
1
man, ionno... just throwing it out there.
Apr 19th 2016
2
sure, if you tryna pay a mortgage forever.
Apr 19th 2016
6
this is our first home
Apr 19th 2016
8
      That's smart...i'm just not sure if thats what your boss meant.
Apr 19th 2016
11
           well, he kicked the appraiser out of his current home
Apr 19th 2016
12
                He neglected to have the place inspected before he bought it?
Apr 20th 2016
28
                     I think he bought a money pit
Apr 20th 2016
29
Your boss is working off a formula that has been debunked since the
Apr 19th 2016
23
      his luck ran out on the home he is in now
Apr 19th 2016
27
Ask someone who knows more but I am thinking it's a bad time
Apr 19th 2016
13
      across the board or in your market?
Apr 19th 2016
14
      Probably just Brooklyn. It's more expensive than Mahattan
Apr 19th 2016
18
           yeah Brooklyn is on some shit right now
Apr 19th 2016
20
      I'm going to ask around about this.
Apr 19th 2016
15
      Bubbles and dips vary greatly depending on the area.
Apr 19th 2016
16
           yeah I was thinking it's a gamble to try and time it just perfectly.
Apr 19th 2016
17
                It's a complete gamble. Was the most stressful time of my
Apr 19th 2016
22
In the spring
Apr 19th 2016
3
Also...commission will eat a chunk of that $20K in a heartbeat.....
Apr 19th 2016
4
nah, DMV isnt off the table
Apr 19th 2016
7
when its to your benefit.
Apr 19th 2016
5
great info... thanks
Apr 19th 2016
10
Figure out where you're going first
Apr 19th 2016
19
I would only do it if the numbers made sense
Apr 19th 2016
21
I would look now...
Apr 19th 2016
24
We sold when our value was double our equity
Apr 19th 2016
25
stories like this make me happy we bought a home
Apr 19th 2016
26

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