Contract is signed

02csnow · Post by **02csnow** » Wed Sep 12, 2007 8:25 am

Well, I have been looking in the market for a house now for about 6 months. I was looking at older homes, but I found what I want. But it will not be ready till Jan or Feb. This will be my first house and I am so happy. I am already looking at buying new living, dining and bedroom furniture. Gotta have new furniture with a new house. I also gotta get as much stuff done to the vibe before I start paying that mortgage, b/c it all ends after that.Edit- I still have to go back to pick out all the colors for carpet, flooring, and all that other good stuff. Like a little kid in a candy shop.

AKLGT · Post by **AKLGT** » Wed Sep 12, 2007 8:27 am

congratulations!

nygiantzz1 · Post by **nygiantzz1** » Wed Sep 12, 2007 8:45 am

Congratulations! You better post lots of pics when you move in. Did you find one in Suffolk? or VA Beach?

02csnow · Post by **02csnow** » Wed Sep 12, 2007 8:47 am

I have some pics now. But they are of the model. It is in Suffolk, but not deep into Suffolk. It is right off 664 near Chesapeake square mall, if you know where that is.

kevera · Post by **kevera** » Wed Sep 12, 2007 8:54 am

Congrats buddy,Glad it all worked out for you.It will be worth the wait.You won't have any money for mods now.

02csnow · Post by **02csnow** » Wed Sep 12, 2007 8:57 am

Oh, I wont have much. But I will find some way to get a little extra money on the side for some mods here and there. Side jobs and bowling give me that little extra money.

808 Vibes · Post by **808 Vibes** » Wed Sep 12, 2007 3:01 pm

Woohoo! Congrats.

Sublimewind · Post by **Sublimewind** » Wed Sep 12, 2007 9:17 pm

Big congratz man, if anyone deserves it, it's you... Now, it's just KEEPING it.... !!

98ex · Post by **98ex** » Wed Sep 12, 2007 11:10 pm

Congrats, If you would like for me to look over the details of your deal, I work for a Mortgage company. HOw many option days due you have? Here are the things to consider - what type of loan is it (fixed or ARM)? Interest rate, what point are they asking you to pay, is there a PPP(pre-payment penalty) if so for how long? I highly and strongly recommend you escrow Taxes and Insurance(unless it is an FHA loan which you are required to) Also is the builder giving you any concessions(right now it is a buyers market EVERYWHERE in the US, and buyers weild a lot of power.I am not trying to get my company your loan business, I just want to make sure that who ever is offering you a loan, that you do not get screwed.My company has purchased THOUSANDS of loans from New Century and American Home Mortage, and you would not beleive how many the people should never had signed the loan due to the details. Very shady practices.

KNINE · Post by **KNINE** » Thu Sep 13, 2007 1:47 am

Quote, originally posted by 02csnow Â»I have some pics now. But they are of the model. It is in Suffolk, but not deep into Suffolk. It is right off 664 near Chesapeake square mall, if you know where that is.Dude, that's not real Suffolk! That's the big city. Real Suffolk is out in hickville where I live. Now the Suffolk chapter of genvibe is two Vibes strong.

02csnow · Post by **02csnow** » Thu Sep 13, 2007 4:51 am

Its still Suffolk K-Nine, just closer to the city life, if you want to call it that.As far as the loan that I am getting 98X. I have a friend in the mortgage business that is giving all the inside info. But it is a 30 year fixed, 100% financing, no mortgage insurance, at 6.8. Mortgage includes principle, interest, and taxes. They were giving me $2500 towards closing, but I talked them into $5000. Plus I am getting a free upgrade to all stainless steal appliances. So closing cost is gonna cost me at the most $600.Here are some pics of the model home. It is just the kitchan and living room. And where that big ampty space is in the entertainment cabinet. There is a plasma/lcd going there, just have to gfigure out what size. Edit- It is a 3 story 3 bedroom 2 1/2 1635 sq ft

KNINE · Post by **KNINE** » Thu Sep 13, 2007 7:11 am

Not bad for a city house.

nygiantzz1 · Post by **nygiantzz1** » Thu Sep 13, 2007 7:14 am

It looks like a nice layout. We will have to celebrate when I get down there. The first round is on me at the Tiki.

02csnow · Post by **02csnow** » Thu Sep 13, 2007 7:16 am

Im going back out there this saturday and try to get some more pictures.

engineertwin2 · Post by **engineertwin2** » Thu Sep 13, 2007 11:37 am

By 100% I'm assuming you mean 80/20 to avoid the PMI...congrats on the house, but be sure that you are extremely comfortable with making these payments. Should something arise, you won't have any equity should you need to cash it out (not advising that, just saying). But it's new so the first year or so comes with builder guarantees, but you have to stay on top of them to get stuff fixed. My house was built in 1975, so there are certain risks that may arise, requiring mo money mo money mo money.

98ex · Post by **98ex** » Thu Sep 13, 2007 1:13 pm

Quote, originally posted by engineertwin2 Â»By 100% I'm assuming you mean 80/20 to avoid the PMI...congrats on the house, but be sure that you are extremely comfortable with making these payments. Should something arise, you won't have any equity should you need to cash it out (not advising that, just saying). But it's new so the first year or so comes with builder guarantees, but you have to stay on top of them to get stuff fixed. My house was built in 1975, so there are certain risks that may arise, requiring mo money mo money mo money.Make sure the builder gives you a home warranty. Typically these are 3, 5 or 10 years and cover pretty much everything that came with the house and certain items you may add.

02csnow · Post by **02csnow** » Fri Sep 14, 2007 4:23 am

The builder is doing a HW-10. So I am guessing that is a 10 year warranty.

Kamikaze · Post by **Kamikaze** » Fri Sep 14, 2007 4:28 am

Congrats Dood! Owning your own home is great! especially if you're comming from renting apartments...

drunkenmaxx · Post by **drunkenmaxx** » Fri Sep 14, 2007 4:46 am

how do you have 3 stories and only 1600 sq feet? is it 3 trailers stacked? just kiddin'

keithvibe · Post by **keithvibe** » Fri Sep 14, 2007 10:30 am

Congrats on the pad Mike. the warrenty usually beaks down like this.. first two years they will fix the "nail pops" and surface crud... after two years have passed the rest of the warrenty stricly applys to the structure.. i.e. foundation cracks and walls falling and the what not..

keithvibe · Post by **keithvibe** » Fri Sep 14, 2007 10:51 am

my house that i just bought is 1,588 with the garage being part of the basement.. that sf isn't including the basement or garage because it's not considered "finished"

02csnow · Post by **02csnow** » Mon Sep 17, 2007 11:29 am

Went back today and picked out all the colors for carpet, florring, and others. Had to tell them where I wanted the wires for the speakers to the home theater, and all the cable and phone locations. Just have to wait now. Once they get the drywall up, I have to go back for a walk through and them one more final walk through after that. Once I do the final walk through, I will close on the house.

WaveAction · Post by **WaveAction** » Mon Sep 17, 2007 11:37 am

looks nice mike..congrats on the signing

Ninja_Logan · Post by **Ninja_Logan** » Mon Sep 17, 2007 11:54 am

damn! nice house man! goodjob! im still lookin for an apartment

02csnow · Post by **02csnow** » Wed Nov 07, 2007 12:26 am

Just giving a little update.I was supposed to move in somewhere around the begining of Feb. But now, I have gotten a move in date set. It is Dec 20th, month and a half ahead of schedule. It is cool that it is sonner, just sucks that it is the weekend before Christmas when I have to move everything in.

Sublimewind · Post by **Sublimewind** » Wed Nov 07, 2007 1:12 am

Quote, originally posted by 02csnow Â»Just giving a little update.I was supposed to move in somewhere around the begining of Feb. But now, I have gotten a move in date set. It is Dec 20th, month and a half ahead of schedule. It is cool that it is sonner, just sucks that it is the weekend before Christmas when I have to move everything in.Dude, have a VA moving in party... a convoy of Vibes should do the trick..!!! Seriously, If i lived closer, i'd lend a hand.. We'd be playing Xbox in 4hrs... lol

02csnow · Post by **02csnow** » Wed Nov 07, 2007 2:59 am

The first things I am doing when we move in. Hanging my plasma and hooking up Wii.

Kevzaz · Post by **Kevzaz** » Wed Nov 07, 2007 5:35 am

Wow, it looks really nice, congrats man. I wish you good luck.

Whelan · Post by **Whelan** » Wed Nov 07, 2007 5:41 am

Quote, originally posted by 02csnow Â»The first things I am doing when we move in. Hanging my plasma and hooking up Wii.Umm, wouldn't the first thing you would do is have (removed) in every room of the house so it is christened.

coldmm803 · Post by **coldmm803** » Wed Nov 07, 2007 6:49 am

very cool, congrats

AKLGT · Post by **AKLGT** » Wed Nov 07, 2007 6:51 am

looks nice! welcome to the world of home ownership and property taxes! LOL

keithvibe · Post by **keithvibe** » Wed Nov 07, 2007 8:09 am

Quote, originally posted by Whelan Â»Umm, wouldn't the first thing you would do is have (removed) in every room of the house so it is christened. f... the wii... ^^^what he said... How are you going to move stuff in on crutches?

kevera · Post by **kevera** » Wed Nov 07, 2007 8:12 am

02csnow · Post by **02csnow** » Wed Nov 07, 2007 10:01 am

^^^^^^^^^^Very funny Kev.It is exactly 31 days after surgery that we move. I only have to use crutches for a couple days and then just be careful of what I do for a few weeks. So I should be good by the time we move in.

Sputnik · Post by **Sputnik** » Wed Nov 07, 2007 10:10 am

Quote, originally posted by keithvibe Â»my house that i just bought is 1,588 with the garage being part of the basement.. that sf isn't including the basement or garage because it's not considered "finished"Yeah my house is somewhere in the neighbourhood of 1550 without the basement, 1800ish if we finish the basement. But only two storeys (basements aren't a storey). And we just got hardwood installed today and it is sweet!I love real estate.

futureviber · Post by **futureviber** » Wed Nov 07, 2007 10:50 pm

That's awesome! Congrats!

keithvibe · Post by **keithvibe** » Thu Nov 08, 2007 8:28 am

Let me just say... i don't move boxs with books or fridges or big heavy crap...

02csnow · Post by **02csnow** » Mon Nov 19, 2007 5:35 am

Went to the house over the weekend. It is nice to see everything coming together. They got the drywall up. So now, it is just waiting on the paint, all the flooring and all the other cosmetic stuff. I cant wait till we finally move in.

02csnow · Post by **02csnow** » Thu Dec 20, 2007 11:48 am

To give an update.Went to close on the house today and was told that it has been pushed till next wedanesday due to the city not having all their documents together. I was a little upset when I heard that due to the fact that we have everything packed and deliveries coming tomorrow. Well I was able to get them into giving me the keys, b/c it is nothing on my end and just waiting for the documents. I am able to still move everthing in and live there, just dont fully own the house till the 26th. Which it is good b/c I get more back at closing and have to pay less in the interest and taxes.

Toasted7 · Post by **Toasted7** » Thu Dec 20, 2007 11:54 am

That is awesome... CONGRATS!!! and ahead of schedule.

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