Starter homes

[PSINXS]

What's a good starter home? how do u go about purchasing a house? seriously cuz i am moving out in october then moving again in my first home.

[tony]

I think it depends on what kind of payments your looking for, area, etc etc. If I could do it all over again I would have bought a decent duplex and rent out the other unit.

[Jaimecbr900]

What's a good starter home?

There really is no majic formula for that question. Reason is that some people can afford more than others. Nothing wrong either way.

A couple of things to remember: Resale value for when you sell it later; Affordability so you don't "over buy". Too many people have a huge difference between what they "want" and what they can afford.




how do u go about purchasing a house? seriously cuz i am moving out in october then moving again in my first home.


Really simple: Call me...... :goodjob: ;)

[tony]

A couple of things to remember: Resale value for when you sell it later; Affordability so you don't "over buy". Too many people have a huge difference between what they "want" and what they can afford.






So true.. dont be house poor. I have neighbors that have a 3000sq foot house but live paycheck to paycheck every month.

[redgst97]

Location, location, location.

My first house was walking distance...prolly 300 yards...to the area elementary school. We had the house close to 7 years, and sold it for nearly a 50% profit. Oh, and it sold in 9 days.

John

[PSINXS]

thanks for the help yall

[civic95]

Anything is just about better than renting. Having something that fits what most people are looking for, will help you sell quick when your ready. Most people want atleast 3 bedrooms, 2 bath, and a 2 car garage. Some will settle with a 1 car garage. But no one wants to share 1 bathroom for example. 2 bedrooms are hard to sell to familys, or married couples.

[Big Baller]

Location, location, location.

My first house was walking distance...prolly 300 yards...to the area elementary school. We had the house close to 7 years, and sold it for nearly a 50% profit. Oh, and it sold in 9 days.

John

Dont take this the wrong way, you sold the house way to cheap if it sold in 9 days. A house should never sell that fast unless its priced to cheap.

Matt

[Big Baller]

What area, are you looking for a house in.

Matt

[PSINXS]

not sure yet. i like the gwinnett area a lot.

[chmura]

Just cuz it sold in 9 days means nothing...... it could have been overpriced... just found the right client....


as per a house.... I play with lots... if u need advice esp with fixers let me know.....

[Julio]

Dont take this the wrong way, you sold the house way to cheap if it sold in 9 days. A house should never sell that fast unless its priced to cheap.

Matt


Just found the right customer.. I know a few peeps who sold in 2 weeks.. My parents actually were one of them.. in 12 days.

[curves]

get a old cheap home, fix it up, live there for few years and sell it.

stay away from south west part, they are not very good.

[Jaimecbr900]

Dont take this the wrong way, you sold the house way to cheap if it sold in 9 days. A house should never sell that fast unless its priced to cheap.

Matt

Sorry bud, but I too disagree with that conclusion.

I've seen homes sell in a day to homes sit on the market for years. The appeal of a home has so many factors that sometimes it doesn't even make any sense. I've seen shacks sell for $250k where I wouldn't pay $50 for the thing, but my garbage is someone else's treasure.

If you find the right combo of motivated Seller and motivated Buyer, things can and do happen quick. Tire kickers are the ones that drive you crazy and are often time unreasonable.

So really the length of time the home spent on the market is not always an indicator of price.

[trythefly]

Just cuz it sold in 9 days means nothing...... it could have been overpriced... just found the right client....


as per a house.... I play with lots... if u need advice esp with fixers let me know.....

Trust me, this guy knows wtf he's talking about!

+10 to CHMURA

[chmura]

Trust me, this guy knows wtf he's talking about!

+10 to CHMURA



Thanx Buddy........

[trythefly]

hell yeah anytime man

I try to promote you whenever I can.

[Big Baller]

Yeah, I'm sure he does.

In most cases a home selling that quickly is under priced. If the buyer was that motivated to pick it up then there must have been other factors involved.

How many offers\ counter offers were made?

None- Then it was sold to cheap, period.


But hey I dont really know anything about houses, I only developent and built 3 subdivisions last year, and I'm working on my third this year.

It wasnt an insult, but it is what it is.

Matt

[Danny]

Big Baller? What developer do you work for, any firm, or independent? What county do you focus in, if any?

[Jaimecbr900]

Yeah, I'm sure he does.

He's an investor BTW, so he really does know a thing or two about this subject. Not trying to be a smart ass or nothing, just stating facts.



In most cases a home selling that quickly is under priced. If the buyer was that motivated to pick it up then there must have been other factors involved.

Explain how you came to that conclusion. By definition, a "BUYER" is ALWAYS motivated otherwise he'd wouldn't buy. So, how could the buyer's motivation factor into the price that the SELLER is asking???? I don't quite follow you.



How many offers\ counter offers were made?

None- Then it was sold to cheap, period.


So if you get 50 offers and NO contracts, what's that mean?

The number of "offers" and "counter offers" doesn't say anything about the price. It says lots about the desirability of the house, but not necessarily the price. If you get no offers, it's not an automatic that you're priced wrong. It could mean it's a dog. It could mean it's in a bad neighborhood. It could also mean it's overpriced too. My point is that there are lots of factors that determine price. IMO, that's just too broad of an assumption and not necessarily always true.




But hey I dont really know anything about houses, I only developent and built 3 subdivisions last year, and I'm working on my third this year.

It wasnt an insult, but it is what it is.

Matt

Question? Are you a builder or developer? Reason why I ask is for business reasons. ;)

[chmura]

I'd also like to know what u do big baller......

[chmura]

oh.... and as far as knowledge.... lol I hope I know what I'm doing.... lol

and as far as subdivisions.... I have friends that have built hundreds of them..... working for a builder..... lol

So u really need to specify exactly whats up... as in this thread there is "too much knowledge"

lol

[Danny]

Big Baller, looks like there are three of us waiting to see if your a builder or developer, and what firm, if any, you work for.

Klaud, you got me some land yet, perferably in Cobb. ;)

[Danny]

Ohh and Jamie, nice last post. Thats what i was thinking, but that is "IAs long post champ's" job. lol

[Jaimecbr900]

Ohh and Jamie, nice last post. Thats what i was thinking, but that is "IAs long post champ's" job. lol

Werd.!!!!

[yourbigdaddy]

Just cuz it sold in 9 days means nothing...... it could have been overpriced... just found the right client....


as per a house.... I play with lots... if u need advice esp with fixers let me know.....


^^^ THAT DUDES THE MAN,.... THATS ALL IM GONNA SAY

[trythefly]

this post got awful funny

[Big Baller]

I work for myself, I own Sweetwater Homes Inc.

I focus on Cobb County\Douglas County currently. I'm looking at Cherokee County and Gwinett for my next projects.

I currently have

Maroney Mill in Douglasville 56 Homes 159,900-199,900

The Oaks at Britt 6 Homes in Mableton 159,900-179,900

Dillard Estates 3 Homes, Powder Springs 210,000-300,000

I also have a 43 Home subdivision I am about to start developing, should be about 6 Months out.


Matt

[yourbigdaddy]

I work for myself, I own Sweetwater Homes Inc.

I focus on Cobb County\Douglas County currently. I'm looking at Cherokee County and Gwinett for my next projects.

I currently have

Maroney Mill in Douglasville 56 Homes 159,900-199,900

The Oaks at Britt 6 Homes in Mableton 159,900-179,900

Dillard Estates 3 Homes, Powder Springs 210,000-300,000

I also have a 43 Home subdivision I am about to start developing, should be about 6 Months out.


Matt

SOUNDS LIKE YOU HAVE IT GOING ON MAN.. WHATS YOUR CONTACT INFO THERE BUDDY?

[Big Baller]

If you guys want my info.

Post up who you are and what you do and Ill PM you.

Matt

[chmura]

/\ I'm Klaud...... I play with real estate also....

Currently working on a 27 home subdivision also....

Jamie and ALex are into mortgages..... sounds like u guys may need to hook up...

[Big Baller]

If you guys can actually close a loan when you say your going to and have the funds available at the time of closing, then we can talk.

Matt

PM me and we can talk

[Danny]

Big, nice project list. What road is the one in mableton off of? We just turned a 78 lot sub in s.cobb and currently rounding up a couple projects in s.cobb, I also live in right around there. And always looking for land, but i am sure you know the feeling.

Klaud, hows your project? 27 lots, what county bud?

Alex, Jamie, what banks?

[chmura]

Big, nice project list. What road is the one in mableton off of? We just turned a 78 lot sub in s.cobb and currently rounding up a couple projects in s.cobb, I also live in right around there. And always looking for land, but i am sure you know the feeling.

Klaud, hows your project? 27 lots, what county bud?

Alex, Jamie, what banks?


We are building in Jackson county

[Danny]

are you the developer klaud, or did you team up with someone. Cool beans, glad for ya.

[chmura]

are you the developer klaud, or did you team up with someone. Cool beans, glad for ya.


we teamed up

a few investors and a builder

[Big Baller]

Big, nice project list. What road is the one in mableton off of? We just turned a 78 lot sub in s.cobb and currently rounding up a couple projects in s.cobb, I also live in right around there. And always looking for land, but i am sure you know the feeling.

Klaud, hows your project? 27 lots, what county bud?

Alex, Jamie, what banks?

The project in mableton is off of Boggs rd.

Danny what do you do exactly.

Matt

[Danny]

Matt, development. No building as of yet, just infastructure. Residential.

[Jaimecbr900]

If you guys can actually close a loan when you say your going to and have the funds available at the time of closing, then we can talk.

Matt

PM me and we can talk


Ummm, absolutely........ :goodjob:

This is me:

http://forums.importatlanta.com/showthread.php?t=15352

My brother-in-law lives in Dallas and is an appraiser. He's also building a few homes with his father-in-law who is a builder. He has 3 homes about to be finished and is planning on building a full subdiv within a few months. I'm doing that project with him. I can certainly handle new construction. I'm a Lender, so the funds are always there when we close. You're really technically NOT supposed to do a dry closing in the state of GA. :goodjob:

I'm ready when you are. :goodjob:

[Danny]

Hey matt, what zonning did they give you over on Boggs?

[Big Baller]

r-15 over on boggs

The property off Holoman rd in Powder Springs is my crowning achivement thus far.

R-15 with a CS zoning, they didnt really want to give it to me, but I'm so cute. JK

[Danny]

r-15 off boggs? What was it originally, r20, the FLUM map over there is mostly med-density i would assume. You must have ran into cheap land for r15 to work, nice job. Any reason you decided against, say RA5? Just wondering, please dont take it the wronge way and get all defensive.

I wasnt aware CS was an overlay zoing, i thought OSC was the only overlay, new one in my books. Ohh, and the county isnt giving OSC to anyone, same with townhomes.lol.

Heres the kicker: what do you think of Ms Kesting.Sry cant spell her name for nothing.

[Brett]

\ I'm Klaud...... I play with real estate also....

Currently working on a 27 home subdivision also....

Jamie and ALex are into mortgages..... sounds like u guys may need to hook up...

Id go with Jamie out of the 2 people.... Thats just a very solid word of advice

[Big Baller]

Danny, I actually didnt get the zoning myself, I hired someone to take care of the zoning. Im not familar with osc, I maybe wrong it could very well be osc, We are waiting on sewer to come through over there, which I'm being told will be in 6-7 months(so of course Im planning on 12-14 months.

I havent done a whole lot of developing, although it is part of the business that I really enjoy(read: huge profits)

Matt

The Boggs property was already zoned r15 I belive.

[Danny]

gotcha. CS is a type of zoning (Conservation subdivision, not min lot size, 75% max for 100yr and wetlands for total open space, 40% open space allows 2-3 upa) i havent done a whole lot yet either, i am only 20, will be 21 next april. Who does your re-zoning, thats the hard part man. :) I do land planning, and help the zoning process along, not to mention all kinds of other crap we do. Fun stuff. I am on a hourly wage, so i dont get to see the big money.lol

[eViLMunkey]

yeah check the location.. property values, schools and businesses around the area... and it's best to get a fixer-upper and rennovate... and make sure you have a good agent.. ( I have my mom as my agent ) :goodjob:

[Danny]

forclosures are usually good deals. gotta have cash if it goes to the court house steps. quit claiming a foreclosure, is a real cheap way to get a house. good luck man. getting actually a good agent is the hard part. No offense, but most suck and are just out to make a buck. just IMO. and my .02

[Big Baller]

On that paticular project we used a company called Land Trends.

[Danny]

mike, i drove down Boggs yesterday AM. No luck, i saw no new developments. Wronge Boggs or somthing? I turned on boggs of mableton prlky.

[Big Baller]

Sorry I forgot you were from the area, its actually off boggs on, Its off of Orris Rd.

Matt

[Kristi]

Just seeing this - but I will go ahead and give my opinion.

The house I am currently living in - is my first/starter home. I was lucky when I moved out because I have a good job and found a great deal on my house. I got in on mine when the prices were still low - i had it built for me and got to design everything. Once my house was built and I closed and moved in - the same house as I bought was selling for $30K more than what I paid. I paid $148K for my house and it is valued at about $180K+ right now.

I think a new home is the best starter home - because when you first move out - you aren't prepared for all the things that can go wrong in a house. In a new home you have the warranty etc which is great. Plus I bought a KB Home. And with all KB Home's you get these walk throughs - where you go through the house with the builder like 5 times while it is being built and you point out every little thing that doesn't meet your expectations - and they fix it. Plus once you are in the house, they come back every 2 or so months and do more walk throughs just to make sure you are happy. Its been great. If you can afford a new home - I strongly suggest it - that and KB Homes as a builder.

[MSTANGSALEEN]

I saw my parents old house a few days ago and in 1989 they bought this 2 story with 2 acres for 90k, now the 2nd owner bought it for 250k

[Ex_Vtec_Girl]

Just seeing this - but I will go ahead and give my opinion.

Plus I bought a KB Home. And with all KB Home's you get these walk throughs - where you go through the house with the builder like 5 times while it is being built and you point out every little thing that doesn't meet your expectations - and they fix it.


all builders do walk-thru's on new homes

[JOHN STAMOS]

^^^^

yup.. thats nothing new

[Kristi]

all builders do walk-thru's on new homes

not all of them do - my mom's builder didn't do that, and i meant to say that they do walk throughs after you move in - my bad on that one. You get 5 walk throughs during the first year as well. :) sorry. ;)

[Boost67p]

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