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Looked from afar and found a new development I liked because it was one of the few that had a floor plan that worked perfectly for us. I’m very picky about floor plans so maybe 1 in 500 will be a winner. The rest just don’t work. So I got very excited when I saw this, booked a ticket to visit a few days later, and then I signed paperwork with intent to purchase and made the deposit that same day I visited. Glad I did! All worked out well.
As soon as I saw it was a news show item I stopped watching. They’re always so obvious.
As far as buying from afar in this market - my market - wouldn’t attempt it. When we bought 11 years ago we had plenty of time to mull over the houses we had seen, get an inspection, negotiate etc. And had family living here already.
watch out for insurance cost (not likely > 0.2% of home cost)
watch out for property taxes. Cites Texas. Texas has a 0% property tax rate. Now, counties/municipalities within Texas have an average of 1.8%. Of course, Texas doesn't have income tax (an avg of 5-7% in the 41 states that have a wage/income tax).
Or, you could move to NJ, with a 10%+ top marginal income rate, and equivalent property taxes to TX.
Who in this country would buy a house and not know what the property taxes are going to be?
The average American consumer would do that, and worse.
I see it every day on several legal forums. People write in about their legal problems that could have been avoided by using some common sense at the front end.
As for buying in a new state I agree with
Quote:
Originally Posted by BoBromhal
rent first.
Rent for 6 months to a year. Get to know the town or city. Then buy.
The average American consumer would do that, and worse.
I see it every day on several legal forums. People write in about their legal problems that could have been avoided by using some common sense at the front end.
As for buying in a new state I agree with
Rent for 6 months to a year. Get to know the town or city. Then buy.
Yeah people need to be careful assuming everyone else has the same experience/knowledge that they have. People saying just use common sense need to realize that common sense can be a byproduct of experience with something.
I've heard Clark Howard before. He always sounds like he's on the verge of laughing out loud.
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