Quote:
Originally Posted by sheri257
Well ... a funny thing happened this week. We already have somebody interested in buying the house. We hired some yard and pool workers to clean up the outside of the property before we move out. Turns out the pool guy is also a contractor that does rental properties and, his wife is a realtor. They want to move out of their current house, convert it to a rental ... and buy a house with a pool that has lots of privacy. Apparently our property fits their needs.
He asked how much we wanted for it. We said we would reduce the price if we didn't have to pay for the realtor and other renovations so, we're negotiating with them now. If all goes well ... I won't even have to put this property on the market and I won't have to bother with fixing it up that much.
So the bottom line does seem to be price. Seems like it's cheap enough ... people will buy. We intentionally moved out to a cheap area during the boom so we wouldn't have to pay too much. Prices doubled within two years after we bought this house but, we never borrowed on it ... and I'm so glad we didn't.
My husband is a veteran and, while we qualify for other financing options, we would like to use our VA loan on this house for the next purchase so ... if we can move this property quickly then, that we will work great for us.
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Sheri...my husband is also a veteran..what are the VA interest rates? We don't need to worry about the limit as we plan to put about 70% down, and we are looking at under 300,000 up in Placer County...we used our VA in 1997 when we bought our 2nd home in SoCal, and the interest rates then were 8%...we refi'd a couple years later, but it was a way for us to get into that home at that price with little down...
Need to dig out that DD 214 I guess...are sellers willing to sell VA?
We are ready to drop and go....