Housing Upgrade - Solution kavali

[Sonu_Patel]

1 hour ago, VictoryTDP said:

Thappadu aa kompa not so good so 500k is more than good or else 

offers ravadam ledu.. chala mandi passive buyers unnaru market lo..

under market list cheyadame better anukunta. 

[galiraju]

nenu house konali ani start chesi gold konna 

[phatposts]

Frisco house aggressive gaa ammesi - clear the mortgage and heloc (most of it). 

ledante night uber doordah cheyyadame 

[Konebhar6]

4 hours ago, Sonu_Patel said:

FOMO created by kitty party invitations and brain wash to buy home. 

FOMO is real.

A coleague of mine (Wife + Husband working) recently bought a home due to FOMO and ego. 30-40yr old home with 1700Sq Ft townhome for 1.2M with $850 HOA monthly. Its in a golf community. Spent another 50k on new floors and cabinets. IT was a decision taken in a couple of days out of frustration. Imagine the monthly payments esp HOA. 

[bramhacharimogudu]

1 hour ago, Konebhar6 said:

FOMO is real.

A coleague of mine (Wife + Husband working) recently bought a home due to FOMO and ego. 30-40yr old home with 1700Sq Ft townhome for 1.2M with $850 HOA monthly. Its in a golf community. Spent another 50k on new floors and cabinets. IT was a decision taken in a couple of days out of frustration. Imagine the monthly payments esp HOA. 

mana vallu golf aadatharaa anna 

[Sonu_Patel]

1 hour ago, phatposts said:

Frisco house aggressive gaa ammesi - clear the mortgage and heloc (most of it). 

ledante night uber doordah cheyyadame 

700K is listed anna.. waiting for offers.. 

out of the state bakra buyers ki try chestunnadu...

[Sonu_Patel]

9 minutes ago, Konebhar6 said:

FOMO is real.

A coleague of mine (Wife + Husband working) recently bought a home due to FOMO and ego. 30-40yr old home with 1700Sq Ft townhome for 1.2M with $850 HOA monthly. Its in a golf community. Spent another 50k on new floors and cabinets. IT was a decision taken in a couple of days out of frustration. Imagine the monthly payments esp HOA. 

anna.. endhanna.. almost suicide anni idi.. 

[Konebhar6]

5 hours ago, Sonu_Patel said:

Realtors ekuva bid pettu ani chepparu anta anta.

Normally they tell to keep price aggressive so that it gets sold and they get their commission.

One reason why they might be doing this - All realtors are colluding and keeping prices up artificially to make sure market does not drop. Its in their best interest

[Konebhar6]

37 minutes ago, Sonu_Patel said:

anna.. endhanna.. almost suicide anni idi.. 

I just congratulated them. Did not discuss this much. Let them be happy. It's their first home. I did not want to make them sad. Even now when I call, I do not talk about home or home prices or the housing market. 

[Konebhar6]

52 minutes ago, bramhacharimogudu said:

maa vallu golf aadatharaa anna 

Ade kadaa .. None of them pay golf. Reason could be - Most homes in this area are above 1.5M at that time. He can easily get a recently built townhome for 1.1M with 250$ HOA fees now. 

[Sonu_Patel]

29 minutes ago, Konebhar6 said:

I just congratulated them. Did not discuss this much. Let them be happy. It's their first home. I did not want to make them sad. Even now when I call, I do not talk about home or home prices or the housing market. 

papam for first time home buyers.. on the counter side.. home seller jackpot kotti untaadu.. 

[phatposts]

2 hours ago, Sonu_Patel said:

700K is listed anna.. waiting for offers.. 

out of the state bakra buyers ki try chestunnadu...

Atlanta nunchi evadinanna taglinchaka poyava mari

[sarfaroshi2]

On 8/22/2024 at 3:17 PM, Sonu_Patel said:

Friend bought small house in 2018 for 400K in Frisco. 

The house worth is now 650k and he took HELOC loan for 200k in april and bought a 1.2 million dollar home in Flower Mound. 

coming to finances, he paid $450k towards the down payment and took 750k for the New home. 

he is now facing following problems;

- Frisco lo small home he did some cosmetic masala updates and listed for sale price - $700K - No offers till now. house is empty and monthly mortgage payment is $2400 per month

- Paying monthly payment for HELOC around $1300 per month.

- New Million dollar home monthly mortgage payment around $6500 per month.

Total Monthly payments - $2400 + $1300 + $6500 = $10,200 just for mortgages only.

how to handle this situation. financial experts @Konebhar6 & @perugu_vada suggestions ivvandi. 

Vaani 700k house nuvvu konu ra bhai

[Sizzler]

8 hours ago, Sonu_Patel said:

Rent option ledu anna.. community rules lo allow cheyaru anta renting. 

He took big risk then. No choice but sell by dropping the price to low 600s. Economy recover avvakunte kastam.

[BattalaSathi]

On 8/22/2024 at 3:17 PM, Sonu_Patel said:

Friend bought small house in 2018 for 400K in Frisco. 

The house worth is now 650k and he took HELOC loan for 200k in april and bought a 1.2 million dollar home in Flower Mound. 

coming to finances, he paid $450k towards the down payment and took 750k for the New home. 

he is now facing following problems;

- Frisco lo small home he did some cosmetic masala updates and listed for sale price - $700K - No offers till now. house is empty and monthly mortgage payment is $2400 per month

- Paying monthly payment for HELOC around $1300 per month.

- New Million dollar home monthly mortgage payment around $6500 per month.

Total Monthly payments - $2400 + $1300 + $6500 = $10,200 just for mortgages only.

how to handle this situation. financial experts @Konebhar6 & @perugu_vada suggestions ivvandi. 

Rendu illu ammi para 10ngi oka 2 bedroom apartment ki move avu. Adhe nee priend ni move avamanu.