Skip to main content

What would you do? After homeowners and reevaluations plus permit our perspective mortgage increased $450 per month

Just curious how people navigate this kind of stuff. After actually securing homeowners insurance and running some final numbers, it seems as though our payment will be $450 more per mth then we had planned. A small portion of that we planned for as we new the homeowners would be more ( $100 or so). The surprise is in the taxes. There was an addition put on the home and they didn’t pull permits at the time. The owner did mention this however she grossly miscalculated and said it added about 200 sq feet when really it increases the sq footage by over 500sq ft. That plus the new revaluations and we would end up paying an extra few grand a year in taxes. Honestly I’m not loving this. But we do have to be out of our house and rentals are hard to come by. Plus the whole who knows what the spring will bring issue. I know we have to do what’s comfortable for us. I’m curious if this is typical and we are ill prepared??

submitted by /u/-S_N_V-
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/roy2xk/what_would_you_do_after_homeowners_and/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/