How (and why) to Ramble on your goat sideways
Real estate valuations really are localized. Not just state-specific, not even city-specific but it's neighborhood-specific.
If it is already reasonably priced for the neighborhood (and you are okay living in the neighborhood) and you can get it for ~11 - 28% under that asking price, it seems like a pretty good deal without knowing anything about your financial big picture.
The first question any potential home-buyer should ask themselves is, "How long do I expect to live here?" If don't want to be a homeowner, you almost surely don't want to be a landlord - especially in a shitty or iffy neighborhood.
If it is already reasonably priced for the neighborhood (and you are okay living in the neighborhood) and you can get it for ~11 - 28% under that asking price, it seems like a pretty good deal without knowing anything about your financial big picture.
The first question any potential home-buyer should ask themselves is, "How long do I expect to live here?" If don't want to be a homeowner, you almost surely don't want to be a landlord - especially in a shitty or iffy neighborhood.
So I looked at 5 houses today with my Realtor. I found 3 I liked, out of the 5. One of them was the one I already linked to. I will need to go find links to the other 2 to post. All 3 houses were in reasonable neighborhoods. Also for time of expecting to live there is probably 5-7 years, depending on what I want to do with my life later on. The Realtor actually owns rental properties in all the neighborhoods we looked at. She says she has never had a problem finding renters and rent on the houses would be far above mortgage payments. So if I decided to move I could keep any of the 3 as investment properties.
I will post more later this evening about the pros and cons of them all.
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Its always little bullshit sales that give me grief! 
I'll have a guy from the other side of the world send me $1k with no hangups what so ever, but a little piece of **** $5 sale will take triple the amount of time, communication and potentially leave me open for a bad feedback.
****!
I'll have a guy from the other side of the world send me $1k with no hangups what so ever, but a little piece of **** $5 sale will take triple the amount of time, communication and potentially leave me open for a bad feedback.
****!
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