C
Cygnet
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Anyone have any advice here for dealing with banks, etc?
I just found out that some land adjoining mine is for sale. I can either refi my home and join that parcel to mine, or buy it seperate from mine. It's absolutely perfect for what I need, and if I don't buy it, the owner's going to split it into less-than-an-acre lots and plant mobile homes on -- probably 5 or 6 bedroom Mobile Home McMansions. You know the type -- three fireplaces, two living rooms, five bedrooms, five bathrooms, cost more than a stick built home, and the owner chokes on the payments, trashes the inside, and gets refi'd in six months and then I have abandoned houses next door driving my property values down. And blocking my nice view of the mountains.
They're willing to sell it to me because they wouldn't have to put in an access road or a well, and it'd be an easy sale with no advertising.
So, uh, I want to buy it. Both because I want to have room to expand my hatchery someday, and because I really don't wnat McMansion Mobiles behind me -- ruin the view, and I can't guarantee they'll like my birds. (My current neighbors like the birds. They get free eggs and in the words of one neighbor, a 'free country soundtrack to go with them' ... And I have marans and ameracaunas.)
I can afford the payments and I've got about $2,000 down, and the worth of the land is about $15K. So do I refi my home and combine that parcel with mine, or do I buy it as bare land? I have perfect credit, for what it's worth and will have no problems qualifying.
Leva
I just found out that some land adjoining mine is for sale. I can either refi my home and join that parcel to mine, or buy it seperate from mine. It's absolutely perfect for what I need, and if I don't buy it, the owner's going to split it into less-than-an-acre lots and plant mobile homes on -- probably 5 or 6 bedroom Mobile Home McMansions. You know the type -- three fireplaces, two living rooms, five bedrooms, five bathrooms, cost more than a stick built home, and the owner chokes on the payments, trashes the inside, and gets refi'd in six months and then I have abandoned houses next door driving my property values down. And blocking my nice view of the mountains.
They're willing to sell it to me because they wouldn't have to put in an access road or a well, and it'd be an easy sale with no advertising.
So, uh, I want to buy it. Both because I want to have room to expand my hatchery someday, and because I really don't wnat McMansion Mobiles behind me -- ruin the view, and I can't guarantee they'll like my birds. (My current neighbors like the birds. They get free eggs and in the words of one neighbor, a 'free country soundtrack to go with them' ... And I have marans and ameracaunas.)
I can afford the payments and I've got about $2,000 down, and the worth of the land is about $15K. So do I refi my home and combine that parcel with mine, or do I buy it as bare land? I have perfect credit, for what it's worth and will have no problems qualifying.
Leva