Home Buying Advice

Discussion in 'The Okie Corral' started by ede, Sep 20, 2020.

  1. Berto

    Berto woo woo

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    Prices seem to be peaking now in my locale, not sure what it looks like in NM...but as cheap monthly expense exclusively, the trailer works. But as an investment, house.
     
  2. CDR_Glock

    CDR_Glock

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    How “hot” is the real estate market? If it’s hot then the house is a better option.

    A trailer depreciates, a house can appreciate if it’s in a good school system.

    If you’re only planning to stay in there for 6 years, you have to take into account the taxes, cost of selling and buying the house (closing costs), insurance, utilities, and maintenance/repairs.

    Also look at “Days on the market” in your area, too, for the price point of houses in that price point.
     

  3. G30SF/F-250

    G30SF/F-250 Pinky Out

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    Any new info on the house hunt?
     
  4. ede

    ede

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    Closing planned for 22nd November. Small 3 bed 1 bath concrete block with metal roof and small garage on .4 acre lot in Fritch Texas. Plan to be there little over 5 years but that's a stretch for me, I've managed 39 months on two jobs since 93. It'll be a huge lifestyle change to not be looking and applying for jobs and doing interviews. I'll make it official tomorrow I'm quitting on the 5th of November.
    I bought washer and dryer last Friday and have a small storage unit in Borger I put them in along with few things I have with me in NM. I'll go home for a week and bring back some of my travel furniture plus work bench and tool boxes for gun room.
    I start new job the 16th. Hope it goes as well as I'm thinking it will. I sure want out of here.

    Ron White mentions Fritch in his They Call Me Tater Salad bit.
     
    Last edited: Oct 27, 2020
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  5. MikeG22

    MikeG22 CLM

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    congrats! hope it all works out!
     
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  6. Rinspeed

    Rinspeed JAFO

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    Best of luck to you.
     
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  7. G30SF/F-250

    G30SF/F-250 Pinky Out

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    Great news!

    Sounds like a good place and a great plan! :wavey:
     
  8. Flags

    Flags

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    I'm happy for you. Hope it goes well!
     
  9. yellolab

    yellolab

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    So you are buying an investment. The house for sure, not even a question. Come time to sell it, your market will be much larger than for a trailer- hence your return much higher.
     
  10. G26-Has-my-6

    G26-Has-my-6 Fullclip's Life Matters! FLM!!

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    Excellent news. Good choice to get a house. Everyone knows the tornados seek out trailer parks...

    36759h.jpg
     
  11. ede

    ede

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    Buying to avoid paying rent, not so much an investment.