8.14.2006

reality (n) 1:things that are real. 2: the process of buying or selling real estate

Within the last couple of months two close friends have purchase homes. First, mutual friends and where we will most likely be found on Saturday nights. Then one of Bekah's best friends since childhood.

Me... I could care less, but Bekah's starting to get a bit of real estate envy. She seems to think since eveyone else is buying a house, why can't we. Yesterday, in an attemp to amuse herself, she started thumbing through local listing and found the perfect house. (I must admit, it was the type of house we need and in a location that would be great for us)

Problem, it has been on the market for several months and has not sold. Odd, a three bedroom manufactured home in a good comunity less than a decade old at a reasonable price not selling... you'd think there would be something wrong with it. But no. We drove by, it's in great shape. Why hasn't it sold?

Bekah talked to the realtor last night, trying to get some basic information. first question, how much for a down payment? 20%, roughly $14,000. Next, how much would monthly payments be? Payments plus lot rental totaled just over $900. Realistically, if someone had 14 grand and could afford $900 a month, in a city like Coeur d'Alene no one in their right mind would buy a manufactured home. For payments like that (if you have good credit) you can finance a real house.



In other news...

Apparently, my two year old son is a bully. I'm not sure how that happened, considering I was never a bully in any way shape or form.

2 comments:

  1. Anonymous11:17 PM

    if you need any help with financing or have any questions, please give me a call. I have been in the mortgage business since finishing my degree three years ago in business/finance. I also work with the largest and most respected mortgage company in idaho, the northwest, and the entire country. Jimmymac, 208.755.6606

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  2. We were thinking about getting one of those manufactured homes, but it is very hard to insure and they depreciate in value...a lot. We have put off our home search until Steve's new job training is done, and then they may transfer him. I feel Bekah's pain, I too have real-estate envy... :-)

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