CoffeeStainedUniform
Well-Known Member
Diversification, in short. Also a home is an investment that stabilizes your expenses over the long-term. Lots of good reasons to buy a home if you can afford it
Buying a home
- Thread starter Rack em
- Start date
Old Man Jingles
Rat out of a cage
Good point!
I told the real estate agent I wanted a house in the $300 - 400k range (bought it for $333k) but she came back with 3 $800k plus house once they ran my credit. I refused to even look at them (my wife would probably want one).
Rack em
Made the Podium
How much is a realtor going to cost me in the end? Since I am new at this, a realtor would really help with all the confusing stuff I don't really understand. But I also don't want to blow a bunch of money if a realtor isn't needed.
Rack em
Made the Podium
JEEEEZ, 800k!?!?! I would hate to have to make that payment every month.
Old Man Jingles
Rat out of a cage
Me too ... I was putting away 35 - 40% into retirement investments at that time in 1999.
oldngray
nowhere special
The seller usually pays the realtor's commission. Even if you end up splitting the cost its worth it when you buy your first house. There are too many details you need to learn.
CoffeeStainedUniform
Well-Known Member
It depends on the area but having a realtor will save you more than they cost. I wouldn't recomend letting the agent represent the seller and buyer in your situation though. You need someone to just represent you on your first house.
Rack em
Made the Podium
Awesome! I have a few friends who are realtors so I hope they would hook it up for me lol
CoffeeStainedUniform
Well-Known Member
No! Go with the biggest baddest realtor you can find. NOT, the time to throw your friend a bone unless they are a top 5% realtor
Whitelexus
Well-Known Member
I beg to disagree. Why pay someone else’s mortgage when you can build equity?
Duplex, yeah if you get the right tenants and they don’t tear the property apart.
Whitelexus
Well-Known Member
Sellers listing contract should have already negotiated out the buyers side commission. Unless you go after a short sale or foreclosure or hire a buyers agent for an auction/sheriffs sale. Have your Realtor go over the buyers agency contract with you. Negotiate if necessary
Whitelexus
Well-Known Member
Yes and no.
Some of the 5% will be so inundated with work that proper representation may not be honored. Pick someone you trust.
US as well
Prices arwnar off the chart here.
its real bad in TO and vancouver.
Ey.....
Brownslave688
You want a toe? I can get you a toe.
Why build equity (which many never use) when you can save cash or invest the money?
Both have their pros and cons it's certainly not as cut and dry as owning a home is awesome
And renting is throwing money away. Especially not in the op position.
Sometimes it's not about owning. I don't agree with or but people dont
want responsibilities
Brownslave688
You want a toe? I can get you a toe.
Dave? Cough cough Dave?
Unfortunately that's what a lot of the Millennials want. No pride in anything. Just what is easier on me.
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