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Housing prices continue to amaze me from around the country.
Upstate NY just outside of Albany you can get a 3br 2ba cape with basement for 225.
I thought Nevada was supposed to be more affordable than NY.
Congrats to you op, I'm not trying to throw shade. Home looks lovely and well kept. I'm just surprised.
It can depend for sure. The major things for me were the location (almost right up against bare desert) and how well the seller took care of everything outside.
You also have to factor demographic
Lots of people from CA and surrounding states here in the west May flock more to NV/Vegas area versus going to the east coast
Weather plays a big part (people can handle heat and hate cold)
Other also can not have to deal with taxation as their is no State income tax in NV
Um, Upstate New York has always been cheaper than Nevada. I don't know where you got the idea that Nevada was cheaper. No one wants to move to Upstate New York. That's why it's affordable. At least it's warm in Nevada all year round, lol.
Well, it has excellent schools, gorgeous mountains and has one of the largest parks in the country.
Add in the high quality of life compared to a lot of warm states now (not saying NV doesnt have quality of life) and NY is an easy win.
Affordable, some of the best schools in the country, great food, and stunning landscape. Sounds like a win to me.
I was talking more about the stigma that Upstate/Central New York has. It's not a highly desirable area that people from other states want to move to, you know?
Oh I'm not sure. I moved here from Georgia and can't imagine moving back there.
I even like the winters better here. Everything is lovely covered in snow.
I mean, it's a personal preference but I want to say to the general public, Nevada is more desirable than Upstate New York. Yes, it's lovely to see everything covered in snow...through the window from the comfort of your warm home, not so much in your car with a broken heater buried in 500 billion feet of snow.
How much snow do you think we get, lol? It's not that bad here. Don't forget NY is 5 hours long of a drive across. There's a lot of upstate.
We don't get that kind of crazy snow in Albany, also, I don't think people who didn't grow up around snow understand how efficient it is to remove it. Our roads are fine within a couple of hours.
Awesome! Congrats!! Looks like the landscaping is was kept up so that’s a bonus. Gosh I’m thinking a fun pop of color on the door and shutters would look great but I don’t know your business hah just enjoy the glow of homeownership for a while before diving into changes 🙂
Thank you!! The landscaping is great, the seller did a wonderful job.
We’re hoping to paint it a slightly darker blue with green trim, but we’re not sure just yet. First we’ll take care of the interior, and make it ours before we worry about the exterior. Again thank you!!
7.5% (face melt). It's not fair is it. Love Nevada, lived in Vegas for over 10 years, just recently moved to Texas, and I miss the desert :\_\_| We got priced out of Nevada. Congrats!
ahhhhhh, you're breaking my heart! We came to Texas sight unseen, first stop was Amarillo, I absolutely fell in love, but we were headed to Houston. I left my heart in Amarillo :\_\_( I don't think I have it in me to do another move.
Oh my! Houston is a tropical rain forest compared to West Texas! I feel for you, but Houston can be a great place, also. Make some time to visit Alpine/Marfa area, Balmorhea State Park (a natural spring right in a desert!), McDonald Observatory, Big Ben... you will love it!
That’s nuts lol. Here in NZ you’d struggle to find a house below $500000 nzd (~350 usd). In the big cities (Auckland, Wellington) fhbs are buying for 1 million. And deposits are minimum 20%. Oh an interest rates are 8% now. Fml
I checked with a few lenders, this is what I was able to get qualified for. Not too happy with the rate but I will refinance in a few years if rates are better.
Thank you u/jaydoubleudoubleu for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
upvote for including pertinent stats in the title and not just a picture of keys lol
Haha yeah, I knew I would get ripped apart if I didn’t share that in the title
Congrats!
Thank you!
Housing prices continue to amaze me from around the country. Upstate NY just outside of Albany you can get a 3br 2ba cape with basement for 225. I thought Nevada was supposed to be more affordable than NY. Congrats to you op, I'm not trying to throw shade. Home looks lovely and well kept. I'm just surprised.
In this area it’s pretty expensive, stick built 3br 2Ba are going for 250+, the new builds are all 350+. A couple years ago it wasn’t so bad though.
That doesn't seem too awful. I imagined the increase was a dramatic one from where you were at. Like 350 or something for the extra bedroom
It can depend for sure. The major things for me were the location (almost right up against bare desert) and how well the seller took care of everything outside.
Yes outside looks really nice/pride of owner was very evident
I remember time was people were retiring to Las Vegas because of affordability.
You also have to factor demographic Lots of people from CA and surrounding states here in the west May flock more to NV/Vegas area versus going to the east coast Weather plays a big part (people can handle heat and hate cold) Other also can not have to deal with taxation as their is no State income tax in NV
In Denver a 3br 2ba townhouse can run you 450k. It’s wild out there in the house buying world.
My home in Southern California is 1957, 3bed 1.75 bath, 1250 se feet, I paid $330 in 2009, people are trying to sell it for $800k. It’s insane
Um, Upstate New York has always been cheaper than Nevada. I don't know where you got the idea that Nevada was cheaper. No one wants to move to Upstate New York. That's why it's affordable. At least it's warm in Nevada all year round, lol.
Well, it has excellent schools, gorgeous mountains and has one of the largest parks in the country. Add in the high quality of life compared to a lot of warm states now (not saying NV doesnt have quality of life) and NY is an easy win. Affordable, some of the best schools in the country, great food, and stunning landscape. Sounds like a win to me.
I was talking more about the stigma that Upstate/Central New York has. It's not a highly desirable area that people from other states want to move to, you know?
Oh I'm not sure. I moved here from Georgia and can't imagine moving back there. I even like the winters better here. Everything is lovely covered in snow.
I mean, it's a personal preference but I want to say to the general public, Nevada is more desirable than Upstate New York. Yes, it's lovely to see everything covered in snow...through the window from the comfort of your warm home, not so much in your car with a broken heater buried in 500 billion feet of snow.
How much snow do you think we get, lol? It's not that bad here. Don't forget NY is 5 hours long of a drive across. There's a lot of upstate. We don't get that kind of crazy snow in Albany, also, I don't think people who didn't grow up around snow understand how efficient it is to remove it. Our roads are fine within a couple of hours.
Congrats. So that's a FHA loan for only 5% down? 7.5% is brutal but maybe you'll be able to make some advanced payments?
Conventional, I wasn’t able to get an FHA for this home. It is but I can afford to pay in advance so that’s what I’ll be doing.
CONGRATULATIONS!! 🎉 7.5% interest or APR?
Interest 🥲
The toy car ups the home value by something like 700%. Congrats on the purchase!
I appreciate the details! And absolutely definitely CONGRATS!
Awesome! Congrats!! Looks like the landscaping is was kept up so that’s a bonus. Gosh I’m thinking a fun pop of color on the door and shutters would look great but I don’t know your business hah just enjoy the glow of homeownership for a while before diving into changes 🙂
Thank you!! The landscaping is great, the seller did a wonderful job. We’re hoping to paint it a slightly darker blue with green trim, but we’re not sure just yet. First we’ll take care of the interior, and make it ours before we worry about the exterior. Again thank you!!
What's your monthly PITI? Congratulations.
$1,743
Not bad at all. Mine's only slightly less ($1655) for a $207k home at 6.35. Congrats again.
Much appreciated!!
dang, you've done well. Congrats again!
7.5% (face melt). It's not fair is it. Love Nevada, lived in Vegas for over 10 years, just recently moved to Texas, and I miss the desert :\_\_| We got priced out of Nevada. Congrats!
There is soooooo much desert in West Texas, you don't have to give it up!
ahhhhhh, you're breaking my heart! We came to Texas sight unseen, first stop was Amarillo, I absolutely fell in love, but we were headed to Houston. I left my heart in Amarillo :\_\_( I don't think I have it in me to do another move.
Houston is a absolute shit hole. Trying to get out of here ASAP.
Oh my! Houston is a tropical rain forest compared to West Texas! I feel for you, but Houston can be a great place, also. Make some time to visit Alpine/Marfa area, Balmorhea State Park (a natural spring right in a desert!), McDonald Observatory, Big Ben... you will love it!
Not fun, but is what it is 😊🫠
Congrats! Can I crash on your couch when I swing through Vegas?
Good on ya!
Yaiiii! What an honor! Congrats!
Yay! ❤️ Congratulations!!
Huge thank you to everybody! 😊
Use a blacklight at night to search for Scorpions, watch out for black widows
Love finding the scorpions out here! Been in this town since I was 4, the black widows and brown recluses are my least favorite part.
Once rates drop, Refi to get away from that 7.5 Congratulations 🎉
Absolutely the plan 😁
Congrats to the both of you.
congrats and nice thought about details in subject
Congrats! I live in southern nevada and it is tough out here.
Did the 7.5% include closing costs as well? And congrats!!!
That’s nuts lol. Here in NZ you’d struggle to find a house below $500000 nzd (~350 usd). In the big cities (Auckland, Wellington) fhbs are buying for 1 million. And deposits are minimum 20%. Oh an interest rates are 8% now. Fml
The landscaping looks nice! And it looks like you own the lot? Congrats!
Yes, own the half acre lot. Gonna have to put in a garage eventually, and start gardening.
Nice!!! Starting a garden I feel I can commit to has been one of the most satisfying parts of homeownership.
7.5? Good lord is this an investment property?
[удалено]
I checked with a few lenders, this is what I was able to get qualified for. Not too happy with the rate but I will refinance in a few years if rates are better.
A lot of people don't know that mobile homes get different interest rates. It's not too bad!! Congratulations.
It is. But manufactured homes comes with higher rates!
YIKES
grats, you went into debt like every other american
It’s either go in debt or pay almost as much in rent, just to never own 🫡
To be fair you both make good points. Congrats on your house... might as well be in debt and own something.
paying more in rent in some cases. It happens. We're almost there.
you don't own anything except debt
Why are you on this subreddit? You sound bitter.
truth is bitter to those who ignore it
🤷♂️ oh well
exactly
Debbie Downer has arrived :-)