Abandoned Stuff by Saskboy

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Comments

1. JimBobby | 09-Mar-07 at 7:55 am | Permalink

   Whooee! Okay Sasky, I’ll give my advice.

   Buy a place you can see yerself livin’ in fer the rest o’ yer life.

   Make the highest mortgage payments you can afford. Make weekly payments, not monthly.

   Amortize over the shortest period you can afford. Try t’ pay off the whole thing in 10 years or less.

   Pay one o’ them “home inspectors” before you sign on the dotted line. If they find a deficiency, negotiate a lower price.

   Buy a place you can move right in to instead o’ one that needs months o’ renovations or else you’ll be payin’ rent, a mortgage an’ reno costs all at the same time.

   That’s some o’ the stuff that worked fer me an’ I’m SLAGPP thinkin’ about livin’ mortgage free til they haul me out, either dead or debilitated.

   JB

2. ELLIE | 09-Mar-07 at 8:07 am | Permalink

   I could give yout ons of advise! I do Mortgage loans for a living. 1st things first, get your own agent, do not hunt for houses on your own, you would get taken in by a seller or a sellers real estate agent. Make sure your real estate agent matches your personality. An 80 year old agent might have experience but they won’t share your excitement or enthusiasm. Find someone your age that is a go getter!

   Housing market is slow everywhere…so ask for closing costs assistance from your seller. It doesn’t ever hurt to ask..worst they could say is no.

   Get pre-approved for a loan before you write a contract….that way you know what your monthly payment will be and there will hopefully be no surprises.

   Most of all… HAVE FUN! Don’t settle b/c the price is right..there is a home out there for everyone. It took hubby and I 3 months to find our dream home, we saw tons of houses…but we weren’t settling for whatever. We just went with the flow and had a great time buying the house we would grow old in!

3. Nicole | 09-Mar-07 at 8:25 am | Permalink

   alright. I feel I too can offer up some advice.
   In the 16 years I have been married, we have boughten ( built) 3 homes.

   The first one, was a repo, in a new area. We got it for a steal, lived very tight and payed it off in 10 years. Which did benefit us in the long run, but made for a VERY long 10 years. I can look back now and acknowledge that we must REALLY love each other, but I wouldn’t want to go thru it again.
   After 10 years, we sold it for double the price we paid for it ( on paper, obviously we paid 3 times as much with interest at the good ole bank!)

   Then we built a brand new house. We lived there for 3 years, landscaped and such and then sold out and built a bigger and better house. We now back open space, which I highly recommend.
   I have discovered that I really like and enjoy designing homes and decorating them. Landscaping sucks though. Not all the pretty details, but the hard physical labour. When it is brand new, nothing done to it dirt…it’s a lot of work. The plus side is you get to make it EXACTLY how you want it.
   The downer…it eats $$$$$$$$ like you wouldn’t believe.
   We are 95% done our landscaping. I so look forward to our beatiful summers as I plan on enjoying my backyard for a long time. Infact, my firepit area calls my name out everytime I look into my backyard.

   So, Saskboy…spill it…where are you buying? Yorkton, or the big city? :)

   Do I smell a house warming party???? lol

4. Nicole | 09-Mar-07 at 8:31 am | Permalink

   plus call around for the best mortgage rate. I used a mortage broker which didn’t cost me a penny…and he \she finds you the best deal.

   Email me and I’ll tell you who he is. He’s wonderful.

   oh…might not matter if you are buying out of town I guess.

5. Nicole | 09-Mar-07 at 8:32 am | Permalink

   Ellie said “Housing market is slow everywhere

   Ellie here in Regina, it is RED HOT!!!!!

6. Peri | 09-Mar-07 at 1:51 pm | Permalink

   Wear a cup?

7. Ross | 09-Mar-07 at 1:53 pm | Permalink

   Ellie said “housing market is slow everywher”

   in saskatoon the market is boiling, a friend of mine bought a condo last year and sold it just the other day for nearly $60,000.00 more than he paid for it only a year ago, and he didn’t do any upgrades.

   get a mortgage broker, i know a good one in regina called the canadian mortgage network i believe. ask for bitts if you call there(my cousin, and part owner).

   i agree with the others, don’t buy a place that is a fixer upper unless you can live in it comfortably while your renovating.

   pay the most you can afford, weekly or bi weekly payments will decrease the amount of time your mortgage is.

   get it appraised, and put as much of a down payment down as you can.

   although i never did this, i wish i had… instead of getting a mortgage get a large line of credit. put your entire pay check on that and you will be paying less interest, and you will still be able to withdraw any money you need for daily living and after you have a lot payed off if something needs repairs you can withdraw from you line of credit.

8. Nicole | 09-Mar-07 at 2:11 pm | Permalink

   Ross FYI, Ellie’s down in Maryland USA…so things must be slow down there….

9. Saskboy | 09-Mar-07 at 3:42 pm | Permalink

   Peri, I hope the house doesn’t kick me.

   Thanks everyone for the tips, I’ll fill you in on more when I learn more today and in the coming weeks.

10. Peri | 09-Mar-07 at 5:13 pm | Permalink

    You might feel like it did after you’ve paid the commission and the lawyer and the surveyor and the etc…not to mention what the bank’s going to do to you.

    But still..a house! That’ll be great!

11. Saskboy1 | 09-Mar-07 at 9:30 pm | Permalink

    Peri, I’ll cover up like Rick Mercer didn’t do for the tax man, if you have seen his Hands in your Pockets spoof?

    Ross,
    “instead of getting a mortgage get a large line of credit.” Would you be able to get a line of credit with a smaller interest rate than a mortgage though about 5.25%?

12. Ross | 09-Mar-07 at 10:10 pm | Permalink

    you’d have to talk to a broker or an accountant, i didn’t do that line of credit but im looking at it when it comes time to renegotiate my mortgage. penny parsons at town and country tax in regina know all about that kind of stuff, give her a shout and she should be able to explain it more.
    the point being to the line of credit though, is to pay a lot more sooner, and still have access to your money if you need it. but i wouldn’t recommend this if you aren’t very responsible with money.

13. Stephen Glauser | 10-Mar-07 at 3:44 pm | Permalink

    Saskboy, are you planning on buying in Yorkton? Or are you going to be moving to Regina, Saskatoon or elsewhere?

14. Saskboy | 10-Mar-07 at 4:55 pm | Permalink

    I’m thinking about Regina.

15. Saskboy | 09-Mar-08 at 12:13 am | Permalink

    And the year goes by…

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