Gas Man's 2 house hell

did you get the two houses thing straightened out so Uma can have her own bike now?

did you get the two houses thing straightened out so Uma can have her own bike now? Yeah right... still have the condo for sale!! :damn:

Man...I'd woulda thought you could unload that thing pretty quick.:scratch:

Man...I'd woulda thought you could unload that thing pretty quick.:scratch: You wouldn't have any idea how bad the market is here in Michigan then..

You wouldn't have any idea how bad the market is here in Michigan then.. Apparently not. Shiz is selling like hotcakes here.

:iagree: people buying like crazy around here. strange. :luck: two mortgages suck:bash:

Yeah it sucks.. plus I split this off the michigan riders thread.

:iagree: people buying like crazy around here. strange. :luck: two mortgages suck:bash: You're telling me... the only thing I'm doing is charging up my credit card... which sucks because I didn't owe anything on a credit card before all of this!

oh man that sucks. How long before you just have to bite it, bail out and lower the price to soemthing ridiculous just to get out from under it?

When is google moving in? That's kind of in your neighborhood isn't it? That's about the only new job growth comming in for the next two years.

fat... I'm already 5-6k under what I paid for it 3.5 years ago. And I bought it new! Not too mention the 3-5k I put in it sense I been there. I'm probably loosing like $15K all together and will have to write a check at closing for like 12K! :yikes: I would lower it more if I could... but the $12K check I will have to write will take every penny I have! My entire savings and checking! Pucky, Well we have the big hospital in the area as well...but that isn't helping I guess.

Not too mention the hell of owning 2 houses... the up-keep n all. And still at this moment... I live in one and my wife is in the other. Due to our jobs. Mine is down at the new house and he old job is still near the condo. Heck we have been living like this for sense December. :nonod: Its done did got old!

That would suck for sure.

fat... I'm already 5-6k under what I paid for it 3.5 years ago. And I bought it new! Not too mention the 3-5k I put in it sense I been there. I'm probably loosing like $15K all together and will have to write a check at closing for like 12K! :yikes: I would lower it more if I could... but the $12K check I will have to write will take every penny I have! My entire savings and checking! Pucky, Well we have the big hospital in the area as well...but that isn't helping I guess. dude that sucks, forget what I said.

good luck with that man..............

Man I'd buy that thing off you if it were close enough to UofM. Of course I still have to find a job out there before I can think about buying anything...

Wow, that blows Gassy. usually you make a little sumpin when selling a house. What a shi*ty market it is!

Thanks for the thought hunter. DLit.. I wish it was half as good here as it is where you're at.

Thanks for the thought hunter. DLit.. I wish it was half as good here as it is where you're at. it sucks to buy out here. A 1600 sq ft house is around $250,000.

Yeah unless its super super nice... that's a bit ruff!

I wish I woulda bought a house when I got here. I'd be banking. proly tripple what it was worth back in '00-'01.

maybe this has already been said, but why don't you just rent it out instead of trying to sell it?

housing market in massachusetts blows too, my nieghbor is trying to sell his house for a year now, started at 780,000 now is down to 730,000 and what sucks is he is already living in his new house too w/e, and the thing is the house def isnt even worth that much...its just cause we live in mass When my parents bought my house back in 1989 brand new it was 350,000 (4 bedrooms, 4 baths, kitchen, 2 car garage, all that stuff) and now its like apraised at 650,000+, its just getting rediculous here and i no i wont be able to live here when i grow up either:nonod: i guess mass is the only state where more people were moving out than in, its expensive, lots of taxes, strict laws, and lots of BS massachusetts just blows in general...:flush: Except for the Patriots and the Red Sox:dthumb:

Inflation is making its mark. My house has tripled in value in 15 years. I just cant understand why you (GM) are having so much trouble unloading the condo.

Inflation is making its mark. My house has tripled in value in 15 years. I just cant understand why you (GM) are having so much trouble unloading the condo. You and I both... The problem lies with the media... I stand behind my POV that the media is to blame for 50% of this countries problems. They give excuses, cause parinoia, and in general brain wash people. Example, I had a guy walk thru a few weeks ago during a open house... he want a fireplace and didn't want skylights... which I have the opposite at the condo. Anyway, my realator, like any good one... kept on him about it... come to find out... he's only approved for about $12K under my asking price. When asked "Why would you be looking so far out of your price range?" his reply was.... "Well I hear from everybody its a buyers market!". My realator said "lovely!" :nonod: So this d-bag is walking into my house knowing he HAS to low ball me by 12K on my condo! :flush: That's only about 9% under my listed price!! :rant: Renting.... OMFG... the next person that asks that.... I'm going to punch baby seals!! No offense... Renting don't fit too well... my mortgage adjusts in April so when it goes up its max of a 2% increase in interest rate.. its going to add about $250+ to my payment. Plus my home taxes are going to go up cause now I'm claiming homestead on the new house..so those are going to nearly double which = about another $250+ increase a month. Making my payment about $800 over what I MIGHT get for it in rent per month. Further, right now my condo is in PERFECT condition. Not a scratch in any wall, perfect carpet... perfect in nearly every way. Do you think it would stay that way with renters in there? NO! Plus say over 2 years... the -$800 each month is going to eat away at my savings so then I would have to sell it anyway and I'll be even more broke because it will then need paint and carpet and god knows what else... plus the condo is about 1.5 hr from my new house (no traffic or weather). So its not like I can just cruise by on my way home. Renting = even more suck!

Hey now. I work in the media. Dammit.:leaving:

housing market in massachusetts blows too, my nieghbor is trying to sell his house for a year now, started at 780,000 now is down to 730,000 and what sucks is he is already living in his new house too w/e, and the thing is the house def isnt even worth that much...its just cause we live in mass When my parents bought my house back in 1989 brand new it was 350,000 (4 bedrooms, 4 baths, kitchen, 2 car garage, all that stuff) and now its like apraised at 650,000+, its just getting rediculous here and i no i wont be able to live here when i grow up either:nonod: i guess mass is the only state where more people were moving out than in, its expensive, lots of taxes, strict laws, and lots of BS massachusetts just blows in general...:flush: Except for the Patriots and the Red Sox:dthumb: They don't call it Taxachusetts for nothing.

Real bummer Gas :( I hope something will come through soon. Its not all necessarily media to blame, the housing/mortgage market constantly cycles and unfortunately your on the bad end of cycle. Not only can renters be a PITA, but its much more difficult to do with a condo. I just passed my state licensing exam last week and am now a realtor, but I am interviewing brokers on the commercial side until the residential market picks back up. I am just coming off a new build in Lake Orion, getting my C of O on Tuesday and I have no other builds lined up right now and a crew of guys I dont know what to do with :( I just think everything is tight in every market right now :2cents:

GM You can claim both homes as you techniquely live in both. IDK the specifics but my Mom did it for two years.

GM You can claim both homes as you techniquely live in both. IDK the specifics but my Mom did it for two years. Tax wise yes, 1st & 2nd home to write off however you only get one residence as homestead exemption under Michigan law, the second is much higher tax rate as non-principal homestead.

Tax wise yes, 1st & 2nd home to write off however you only get one residence as homestead exemption under Michigan law, the second is much higher tax rate as non-principal homestead. Yep which means starting Jan 2007.. my taxes on the condo nearly double!!!!!

Yep which means starting Jan 2007.. my taxes on the condo nearly double!!!!! Hmmm... just a wild idea here, but file for legal separatation from Uma.... each of you claim a house as primary residence until you sell the condo, then reconcile... You'd have to file income taxes separately, but legally it works.

To quote Mel Gibson from Braveheart, "Bearn it." :whistle:

Pucky... that's not going to happen... funny thing is... that we are almost doing that. She lives at the condo during the week and visits the house on the w/e. burnit... yeah thought of that. That won't work.. all they would want is to rebuild it and then have to sell it anyway!!!

Already separated anyway. Not that bad of an idea.

Pucky... that's not going to happen... funny thing is... that we are almost doing that. She lives at the condo during the week and visits the house on the w/e. burnit... yeah thought of that. That won't work.. all they would want is to rebuild it and then have to sell it anyway!!! Yeah, but insurance will cover the cost of your orignal Rembrandts that where hanging on the wall... not to mention those Mickey Mantle rookie cards you had in the desk drawer... *note - take pictures of someone's expensive crap before tossing the molitov cocktail and contacting the insurance guy... no cameras that imprint dates either... ***It is important to identify and recognize that Onesickpsycho does not condone, or encourage any sort of illegal activities... However, I may acknowledge possibilities of potential illegal courses of action... Lawyers make me say that....

BOO GM's house hell HOORAY insurance fraud!!!! :dthumb: :lol:

I hope nothing happen to GM's condo now. They may come looking for him.http://www.websmileys.com/sm/trans/fahr13.gif

I hope nothing happen to GM's condo now. They may come looking for him.http://www.websmileys.com/sm/trans/fahr13.gif :iagree: That would not be good.:disapp:

Well at least my wife found a new job. First interview and she nailed it. She never fails. She always gets every job she interviews for. She's just that good. I'm very lucky to have her. So now, we will move a few more things from the condo and prep it for no-people living. Ya know... cancel cable, raise the thermostat, lower the hot water heater or turn it off cause I am going to turn off the water, turn down the fridge/freezer... stuff like that. First time her and I will live together other than weekends sense December... :clap:

I also called spoke to the realator and told her to change the listing and ads to reflect that I will pay for all association fees for 1 year!

I also called spoke to the realator and told her to change the listing and ads to reflect that I will pay for all association fees for 1 year! :dthumb: Nice play

:dthumb: Nice play I mean I don't think a $1300 reduction will do much but that's got a good sound to it and not even the builder is offering that!!

i do real estate closings down here in florida and I know right now it is almost impossible to sell anything...between the military goofs with housing etc and everyone who owns property trying to sell it, the market has flooded and pretty much slowed to a trickle, def a buyers market.... have you tried putting it up on the web so that other states can see it? $800 ( think thats what you said) a month for a condo is nothing compared to what people down here are paying for a shanty 5 miles from the beach...and someone might see it as a potential investment...i have several clients who have bought property they saw on the web, even sold a condo on Ebay... if you can afford it, a good selling tip might be to pay all closing costs (within reason of course), and offer a home warranty plan if you havent already... if I have repeated anything, sorry i didnt go back and reread everything...

got the home warrenty thing if wanted... kinda pointless...its only 3 years old and because its a conod, so much is already covered. Paying closing costs... yeah I will if I have to but I'm not going to offer it in my ad. I can't. I can't afford to. $800?? :scratch: Right now the condo is costing me $1285 mortgage + $115 assc fee and my mortgage is going to adjust (probably to its max 2% up) in April and my taxes are going to double because of not claiming homestead on it. So I figure I'll be at like $1800 a month for it by next april! Of coarse with my low price on it.... somebody could easily get in here for probably $1000 a month with a little money down.

got the home warrenty thing if wanted... kinda pointless...its only 3 years old and because its a conod, so much is already covered. Paying closing costs... yeah I will if I have to but I'm not going to offer it in my ad. I can't. I can't afford to. $800?? :scratch: Right now the condo is costing me $1285 mortgage + $115 assc fee and my mortgage is going to adjust (probably to its max 2% up) in April and my taxes are going to double because of not claiming homestead on it. So I figure I'll be at like $1800 a month for it by next april! Of coarse with my low price on it.... somebody could easily get in here for probably $1000 a month with a little money down. mmm, i thought someoned mentioned it was only $800 a month, and that was not including the dues every month... yeah the warranty may seem pointless, but it is an "extra" that many folks seem to need to make them feel better... the closing cost thing shouldnt be mentioned until you get down to the table with a contract negotiation...but it could clinch the deal...limit it to specifics tho(ex. no mortgage incurred costs, youd be amazed how often people just say "all closing costs" and dont realize what they may get stuck paying for...!! and shop around if you do end up paying the closing costs, you can shop around to find the cheapest place to close the deal if you are paying!! Good luck!! I know its tough right now!!:dthumb:

Yeah if I have to throw something in I'll do it. I just want to be done with this. However, there is a limit to how far I CAN go. I only have so much money to throw out! When there is no more THERE IS NO MORE!

Well she has moved in at the house. :dthumb: And we have a showing tomorrow at the condo. Please everybody... pray, worship, cross your fingers, your eyes, toes... whatever you can that I sell it very soon!! PLEASE!!!!!

Well she has moved in at the house. :dthumb: And we have a showing tomorrow at the condo. Please everybody... pray, worship, cross your fingers, your eyes, toes... whatever you can that I sell it very soon!! PLEASE!!!!! :luck: :cheers:

:dthumb:

Well I just lowered the price again. I'm not at $12,000 UNDER what I paid for it. Not including the $5,000 - $7,000 I put into sense I've been there. Add the realator fees and taxes... and I'm looking at writing a check for $20,000 if I can even get a offer.

:disapp: Too bad brother.:luck:

Well I just lowered the price again. I'm not at $12,000 UNDER what I paid for it. Not including the $5,000 - $7,000 I put into sense I've been there. Add the realator fees and taxes... and I'm looking at writing a check for $20,000 if I can even get a offer. :flush: Sorry to hear that GM, hopefully something will come along!!!

Bad market there, :sorry:

:sorry: for you man, that really stinks!!! The good news is maybe the market will pick up since the rates dropped!! We are seeing an increase in property turnover down here (finally!). :luck: I will keep my fingers crossed for you!!

:nopicsbs:

It makes me sad reading this knowing I'm going to have to buy something in the near future. I'm in NY and in the hamptons.. I'm 20 and I have an Associates in Networking. I want to move out of my house but I can't afford ANYTHING... The houses around here go for about 200K less in the South (NC)... I think in order for me to live in my own house I will have to move out of state somewhere. **** sucks I hope something turns up for ya GM...

Thanks everybody. Have a showing today with my new ultra low price!! Wish my luck, send prayers, cross fingers, do whatever you can... I need it!

Thanks everybody. Have a showing today with my new ultra low price!! Wish my luck, send prayers, cross fingers, do whatever you can... I need it! okay, so howd it go??

To quote Mel Gibson from Braveheart, "Bearn it." :whistle: :thumbs:

okay, so howd it go?? I haven't heard anything and been real busy with my sisters wedding that was Friday Night. But you know how it is... no news = no good news!

Maybe it will turn out to be good news.

It makes me sad reading this knowing I'm going to have to buy something in the near future. I'm in NY and in the hamptons.. I'm 20 and I have an Associates in Networking. I want to move out of my house but I can't afford ANYTHING... The houses around here go for about 200K less in the South (NC)... I think in order for me to live in my own house I will have to move out of state somewhere. **** sucks I hope something turns up for ya GM... With great credit and a nice down paymet, anything is achieveable!

Well I got word from my realator that I will be getting a cash purchase agreement Thursday morning. We are hoping its not stupid low... but please everybody... any prayers, crossed fingers, or anything you can do to help... I ask you do... PLEASE! I could be ending this horror! :willy: :nonod:

how big of a hit are ya takeing, hopefully none

Ok... are you ready for this... are you sitting down. I purchased it brand new 3.5 yrs ago. Put in like $5 sense I have been there. I have it listed for $12,000 under what I paid & $8,000 under what I owe. Roll that together with realtor fees, taxes, and title insurance... If I get a offer for $4,000 under my list I will have to WRITE A CHECK FOR $20,000!!!!!!!!!!! :yikes: :puke: :nonod: :flush: :bash: :bonk: :puke: :help:

Ok... are you ready for this... are you sitting down. I purchased it brand new 3.5 yrs ago. Put in like $5 sense I have been there. I have it listed for $12,000 under what I paid & $8,000 under what I owe. Roll that together with realtor fees, taxes, and title insurance... If I get a offer for $4,000 under my list I will have to WRITE A CHECK FOR $20,000!!!!!!!!!!! :yikes: :puke: :nonod: :flush: :bash: :bonk: :puke: :help: That SUCKS!!! http://www.har.com/usearealtor/graphics/adBurningMoney.gif

That's saying it lightly! Believe me! Think of what I could buy for that amount of cash!!!

That's saying it lightly! Believe me! Think of what I could buy for that amount of cash!!! An open primary for you... a new bike for me... and a one way plane ticket from Australia for the both of us!

Got my fingers crossed for you Gas! :luck: If it sells I'll buy you a beer to celebrate, if it doesn't I'll buy you a 12 pack to forget about it for a night. (I know you don't drink beer but you get the point...) :luck: :luck: :luck: :luck: :luck: :luck: :luck: :luck: :luck: :luck:

An open primary for you... a new bike for me... and a one way plane ticket from Australia for the both of us! You are almost completely correct until you said somin about you going with me to aussie! :nonod:

Ok... are you ready for this... are you sitting down. I purchased it brand new 3.5 yrs ago. Put in like $5 sense I have been there. I have it listed for $12,000 under what I paid & $8,000 under what I owe. Roll that together with realtor fees, taxes, and title insurance... If I get a offer for $4,000 under my list I will have to WRITE A CHECK FOR $20,000!!!!!!!!!!! :yikes: :puke: :nonod: :flush: :bash: :bonk: :puke: :help: Gas, You have to look at options to get tax break from your loss. If I happened to be in your shoes. I would have family member sign supper cheap $100 month to month lease dated In Jan of 06. Being rental property you will be able write off your loss for everything ;) Just make sure and claim $100 month rent payments on your 06 tax's.

Got my fingers crossed for you Gas! :luck: If it sells I'll buy you a beer to celebrate, if it doesn't I'll buy you a 12 pack to forget about it for a night. (I know you don't drink beer but you get the point...) :luck: :luck: :luck: :luck: :luck: :luck: :luck: :luck: :luck: :luck: Thanks Knight!

Thanks Knight! Thanks Jetski but I don't think I have to do that... it was a work related move and therefor the entire loss should be tax deductable.

You are almost completely correct until you said somin about you going with me to aussie! :nonod: No you misunderstood... The ticket is for her to come here... I'll take sloppy seconds... You earned firsty's... :dthumb:

Nope... I still don't agree. If she comes here I won't let her go... she just too cute. :D

Nope... I still don't agree. If she comes here I won't let her go... she just too cute. :D Tag team?:idk:

hey :luck: Tag team?:idk: i hope i'm missing something... :leaving:

Tag team?:idk: Sicko :lol:

That's saying it lightly! Believe me! Think of what I could buy for that amount of cash!!! I'm sick just of the thought of turning over that much cash for basically nothing.

I'm sick just of the thought of turning over that much cash for basically nothing. Thats the economy in MI though. I have a friend I work with here in GR that has had his house for sale for 2 years in Ann Arbor, and its a nice house. He is going to lose big on the house, probably over 40K.

I'm sick just of the thought of turning over that much cash for basically nothing. :iagree: But for GasMan's sake... http://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gif

:iagree: But for GasMan's sake... http://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gifhttp://i102.photobucket.com/albums/m95/markgraves138/smilies/fingers20crossed.gif THANKS MARKO! Well I have good news. We had 4 showings in 2 days from 3 different realtors. And we got a cash offer. $4,000 under what we were listed at and $17,000 under what I paid. But we took it. I will have to bring $22,000 to the table but I'll be done with it. We signed the papers last night and the inspection was today. We are sked to close Oct 27th and I'll be moved out by lunch on the 28th. A neat twist in the last few days. A big reason compbined with being sick, and working alot that has kept me from TWF.

congratulations

Congrats dude! Glad to hear the end of the hell is in sight!

Well its not over till its over... so I still need fingers crossed!

So far so good... we are set for 10am Friday to close... then I'll be out by noon Saturday. So here's to hopin!

So far so good... we are set for 10am Friday to close... then I'll be out by noon Saturday. So here's to hopin! :cheers:

Good to hear things are FINALLY winding down for you. :luck: w/ finishing the deal.

Yeah and the best thing of all.... I get all my furniture back!!!

Yeah and the best thing of all.... I get all my furniture back!!! So no more camp chairs in the living room?!?!? That's great dude! :cheers:

Man I am so excited about that!!!

2 more hours to close on the condo sale.... :dthumb: Then I'll be out complete by noon on Sat. heck this part will happen regardless!

2 more hours to close on the condo sale.... :dthumb: Then I'll be out complete by noon on Sat. heck this part will happen regardless! :nana:

15 min till closing....

2 more hours to close on the condo sale.... :dthumb: Then I'll be out complete by noon on Sat. heck this part will happen regardless! That was at 8am EST... it's now noon EST... :tt:

Probably busy with paperwork.

Well that was the easiest, most painfull, but fastest closing I have ever done. 30 mins and done! Picked up my u-haul Sat mornin... which was good cause it only had 12,000 miles on it and was nice, new, full functional, and not leaking fluids. Packed up the condo, showed the new owner around, left for good! :clap: :woohoo: :willy: Got back to the house and with 4 guys we had the u-haul unloaded in under 30 mins! But it took us 2 days to get everything back in order... explaining my absence this w/e.

sorry to hear about the loss but congrats for unloading it

sorry to hear about the loss but congrats for unloading it :iagree:

sorry to hear about the loss but congrats for unloading it Thanks Man. Thanks to everybody pulling for me on this... I aprreciate it and count my blessings for everything I have....