we had a look at a house yesterday and you wont belive this

[lmao_37]

my wife and i went to look at a house yesterday, the bill board said they wanted $75.000 for the house and 2 acres of land, well we called the agent and we met there yesterday and we had a look round 3 bedroom with a huge lounge and the grounds have a barn on it and a garage and an old 1950's gas station well we talked about the price as i said they wanted $75.000 and they will accept $595.00 + p&i well we worked it out at 10 years as the owner said he will carry the note well the agent said it will take 30 years to pay off, we looked at each other and went home we worked it out to be $214.300.00 for a $75.000 house that's $139.200.00 interest o and the land that is ''suppose'' to come with the house one plot the deed is missing and its not known who it belongs to and there is an issue to which property the 1 acre field belongs to as its not on either deed for either house so you could end up with 1/4 acre if they are deemed to belong to the other property well as you can imagine we decided not to buy the said property but if anyone wants to hear it for them self's i will gladly pm the agents phone so you can talk to them and ask as you wont believe it we didn't  :o

[imschur]

heck Ill sell you my neighbors condo for $500 and save you a bunch of money  C:-)

[rodent.22]

Remember here in the states that interest is deductible when figuring your taxes. It's our governments way of keeping the real estate industry healthy thru your pocketbook.... :grin:

[RudyN]

As to who the land belongs to, if you have something like either a Recorders Office or an Assesor's office where you are you could probably go there and check to see who owns the land.  However, from what it look like the interest is quite high.  We are lucky as we have 50 payments and our will really be ours, except for property taxes.  ::)

[asmurff]

If it doesn't come with a complete Title Check & Tiltle Insurance I'd walk away  :confused: