Question
Did I get a good deal on my house?
I think I did, but I just want to get second opinions before everything is finalized... Not that it matters, but I guess I just want reassurance, if available? well, anyway, the house is in a decent neighborhood, its a residential community. "average" crime rate for the state.... good schools... and about 25 minutes from chicago. low taxes- $870/yr. as far as the house itself, its 1700 sq ft. 3 bedrooms, 1.5 baths. laundry room, large front room, large kitchen, medium sized deck in front of house, small concrete patio in back. 2 car detached garage. chain link fenced yard, 860 sq ft basement, sits on .33 acres. paved driveway. light landscaping in front and back. nice trees in the front. bushes in back. updated central air, updated furnace, new water heater, new stove, new microwave, new range hood, dishwasher, new pergo flooring, newer windows throughout house, new kitchen cabinets, new kitchen island, remodeled bathroom with new tile flooring, new bathtub, new ceiling fans in every room, drywall fixed/walls painted white with texture. basement is freshly painted as well. pretty much the whole house has been remodeled. newer roof. new garage door. corner lot. the ceilings are a little lower than average, or what im used to... but not uncomfortably so. maybe 7-8 ft. we are buying it for $97,000, seller paying closing costs. it was listed at $105,000. it was appraised at $103,500. what do you think? yeah my mortgage will only be $650/mo, and that includes principal, interest, pmi, homeowners's, and taxes! it would prolly be about $900 or more to rent. no im not planning on renting it. that was a response to someones answer.
4 weeks ago - 6 answers
Best Answer
Chosen by Asker
You like the house, and it's worth more than you're paying for it. Sounds good to me.
by daeve930
4 weeks ago
Asker's Rating: 
Other Answers
It does not matter what I or anyone else thinks . If you like it it is worth every penny .
by Anthony- 4 weeks ago
It is a wicked deal, I paid $500 p.s.f. in Toronto Canada.
by Eddie Y- 4 weeks ago
If you paid less than it appraised for, in this market, that's definitely a bonus.
by haygirlc- 4 weeks ago
if you could afford the monthly payments great. and if the monthly is less than renting a similar property then you are ahead of the game. rent vs own, dont forget to take the tax advatage in consideration
by fafa fo hi- 4 weeks ago
8' ceilings are normal - maybe a little less on really old houses - (100+ yrs old) if you got it below appraised value, sounds like a good deal to me are you planning on renting it? if you didn't tell the mortgage company that, you could get in major trouble - investment properties usually require a 25% down payment, and they get a higher int rate than owner occupied homes and you will have to get landlord's insurance coverage vs homeowner's insurance - if you are telling the mortgage co you will be living there and then turn around and rent it out - they could call the whole mortgage due and payable and or penalize you in other ways financially
by Doctor Deth- 4 weeks ago