Disenchanted with home ownership so far (agent, companies, rating, seller)
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Status:
"Made the Retirement Run in under 12 parsecs!!!"
(set 22 days ago)
Location: Cary, NC
43,176 posts, read 76,815,786 times
Reputation: 45533
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Quote:
Originally Posted by nep321
I AM taking suggestions on here. I'm currently shopping around for a pool service as we speak. So far, I received two quotes. Each one is $170 a month. One is from Pinch a Penny (a nationwide franchise). Another one is from a local business operated primarily by one guy. I left voicemails at 3 other businesses but none have responded. It's ridiculous. So I'm going to make more phone calls.
And yes, I HATE apartment living for numerous reasons and always complained about it over the 13 years of living in 8 different apartments. Some were better than others but I hate the shared walls, ceilings and floors and how compressed the units are with so many people so close. And parking in a parking lot is stupid.
Nep...
In this forum, you will find more owners than renters. So, most people with an ownership bias are not going to be sympathetic.
I think:
Good for you to say you will give it a year. Heck, even people who are always owners sometimes need a year to adjust to a move, let alone a move from renting to owning.
We have a current thread here where the OPs have a bit of buyers' remorse for the house and location they bought. We get them regularly.
So, suggestion:
Keep your place in the best shape you can, or even better than when you bought. If you decide to get out ownership after a year, it will make it easier to sell for a good price.
Good luck!
Nep...
In this forum, you will find more owners than renters. So, most people with an ownership bias are not going to be sympathetic.
I think:
Good for you to say you will give it a year. Heck, even people who are always owners sometimes need a year to adjust to a move, let alone a move from renting to owning.
We have a current thread here where the OPs have a bit of buyers' remorse for the house and location they bought. We get them regularly.
So, suggestion:
Keep your place in the best shape you can, or even better than when you bought. If you decide to get out ownership after a year, it will make it easier to sell for a good price.
Good luck!
What's the buyer's (and presumably seller's) remorse thread? Asking for a friend!
Nep...
In this forum, you will find more owners than renters. So, most people with an ownership bias are not going to be sympathetic.
I think:
Good for you to say you will give it a year. Heck, even people who are always owners sometimes need a year to adjust to a move, let alone a move from renting to owning.
We have a current thread here where the OPs have a bit of buyers' remorse for the house and location they bought. We get them regularly.
So, suggestion:
Keep your place in the best shape you can, or even better than when you bought. If you decide to get out ownership after a year, it will make it easier to sell for a good price.
Good luck!
Unless there’s a threat to your safety you really should wait it out two years to avoid paying capital gains tax. I suppose it’s moot in a lousy market, but the fact the OP put in a new HVAC system, and his folks have been helping him fix it up leads me to believe it’ll sell for more than he paid for it? Plus the extra year of payments towards the principal, while not much in the beginning, will help soften the blow of the closing costs.
Status:
"Made the Retirement Run in under 12 parsecs!!!"
(set 22 days ago)
Location: Cary, NC
43,176 posts, read 76,815,786 times
Reputation: 45533
Quote:
Originally Posted by TacoSoup
Unless there’s a threat to your safety you really should wait it out two years to avoid paying capital gains tax. I suppose it’s moot in a lousy market, but the fact the OP put in a new HVAC system, and his folks have been helping him fix it up leads me to believe it’ll sell for more than he paid for it? Plus the extra year of payments towards the principal, while not much in the beginning, will help soften the blow of the closing costs.
Well, you are assuming appreciation. I suspect the OP will do well to break even after a year. I wouldn't let capital gains be a consideration unless I had market data supporting a significant gain.
I honestly think that if nep321 gives a pool service company a try, and maybe relandscapes his yard so less mowing and trimming is needed to keep it in good shape, he might decide to keep his house. The occasional big yard project isn't nearly as wearying as the weekly maintenance is, just because you never get a real break from the latter (except by going on vacation).
Unless there’s a threat to your safety you really should wait it out two years to avoid paying capital gains tax. I suppose it’s moot in a lousy market, but the fact the OP put in a new HVAC system, and his folks have been helping him fix it up leads me to believe it’ll sell for more than he paid for it? Plus the extra year of payments towards the principal, while not much in the beginning, will help soften the blow of the closing costs.
The principle is next to nothing, and then he will have to pay the 3-6% commission on the house as well. I doubt he will break even relative to renting.
Well, you are assuming appreciation. I suspect the OP will do well to break even after a year. I wouldn't let capital gains be a consideration unless I had market data supporting a significant gain.
You’re probably right there? I was thinking if it was me. With higher housing prices and a hot market we would’ve taken a beating in capital gains if we sold in under two years.
The principle is next to nothing, and then he will have to pay the 3-6% commission on the house as well. I doubt he will break even relative to renting.
You and I must have a different opinion of what “next to nothing” is? Depending on your rate, anyone that has bought in recent years will have anywhere from 20-35%+ of their payment going towards the principal day one.
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