Fantastic point! Renting before buying can definitely give you a unique insight into the property and help avoid buyer's remorse. It sounds like you made a smart move by getting to know your townhouse inside out before making the commitment. Thanks for sharing your experience-this could be a valuable tip for others considering a similar path. 😊
Same in the uk with any kind of leasehold or unadopted home area. You're on the hook for rising ground rental, completely uncontrollable service charges and maintenance costs, escalating reserve funds, unexpected 1-off costs payable within 7 days, high interest charges on any unpaid bills, legal fees, management company fees, road & area repairs not covered by the council. Thats even before you pay for any mortgage or buying scheme you used. Sale 'pack' rip-off fees. Management agents fees for inspections, servicing, insurance. You have zero control over costs, all the risk on you, and you dont even own it Absolutely not worth it! I'm currently in rental and loving it. Money is safely in the bank, well away from the thieving leasehold, freeholder and their money-vultures.
Absolutely, you're right on target. The aftermath of hurricanes can definitely lead to an increase in homeowners' insurance premiums, and in some cases, cancellations. It's a challenging reality for many. Staying informed and exploring all insurance options can help manage these risks. Thank you for your comment.
I moved to Florida from New York 2 years ago and it was the best thing I did my research. I moved into a part of Jacksonville, where there is no flood zone very low risk for hurricanes Florida does not tax my pension. I’m allowed to own and carry a firearm so why would you say you wouldn’t live here for $1 million? Beautiful weather great roadways at least from my perspective compared to living in Brooklyn.
@@LanceHoward-u1b You feel the need to carry a gun in Jacksonville and think moving there " was the best thing I did " ... FLA is the most dangerous state in the nation to walk , ride a bike or take mass transit if you can find any .
Can you explain what you meant by “ you make your money when you buy it not when you sell it”? Because I have a big house outside of Nashville and prices have come down, but I have another house a tiny little trailer down on the lake that I would love to move into full-time. Torn on whether I should keep my big house and wait until the prices go back up or should I just go ahead and sell it, I’m 56.
Hi there! I’d be happy to clarify that phrase for you. It means that the real profit in real estate often comes from purchasing a property at a good price, rather than relying on market appreciation when you sell. This is key because securing a property at the right price can give you significant leverage and flexibility in the future, regardless of market conditions. Considering your situation with the house outside of Nashville and the trailer on the lake, it sounds like you're at a great point to assess what fits your lifestyle best as you move forward. If the larger house no longer suits your needs or if the financial upkeep is a concern, especially with the current market downturn, it might be wise to consider selling now and enjoying the simplicity and potential cost savings of lake life. However, if you believe the market will recover and your financial situation allows you to comfortably wait it out, holding onto the property could be beneficial too. It's all about balancing what you need financially and personally. Since you're considering moving into the trailer full-time, it seems like simplifying might align well with your goals at 56. Just ensure any decision is made with a thorough understanding of your financial landscape and long-term objectives. Hope that helps!
Real estate agents rarely contribute any service that warrants their commission. These types of "occupations" just feed off the transaction and mimic the corrupt way government does the same.
![[FINALE] 💸ที่แท้พ่อเป็นผู้ถือหุ้นบริษัทพันล้าน เขากลับใจตอนนี้ก็สายไปแล้ว🙇🏻♂️#ละครคุณธรรม #short](http://i.ytimg.com/vi/yFwgjTFISUI/mqdefault.jpg)
I think i got lucky because i was renting my townhouse before i purchased so i knew all the good and bad.
Fantastic point! Renting before buying can definitely give you a unique insight into the property and help avoid buyer's remorse. It sounds like you made a smart move by getting to know your townhouse inside out before making the commitment. Thanks for sharing your experience-this could be a valuable tip for others considering a similar path. 😊
Same in the uk with any kind of leasehold or unadopted home area. You're on the hook for rising ground rental, completely uncontrollable service charges and maintenance costs, escalating reserve funds, unexpected 1-off costs payable within 7 days, high interest charges on any unpaid bills, legal fees, management company fees, road & area repairs not covered by the council. Thats even before you pay for any mortgage or buying scheme you used. Sale 'pack' rip-off fees. Management agents fees for inspections, servicing, insurance. You have zero control over costs, all the risk on you, and you dont even own it Absolutely not worth it! I'm currently in rental and loving it. Money is safely in the bank, well away from the thieving leasehold, freeholder and their money-vultures.
Whether you were impacted by the two hurricanes in Florida or not. You WILL be impacted by higher homeowners' premiums or even cancellation.
Absolutely, you're right on target. The aftermath of hurricanes can definitely lead to an increase in homeowners' insurance premiums, and in some cases, cancellations. It's a challenging reality for many. Staying informed and exploring all insurance options can help manage these risks. Thank you for your comment.
I am sorry to say this but FLORIDA is dead you could not give me a $ 1,000,000.00 house in that state.
I moved to Florida from New York 2 years ago and it was the best thing I did my research. I moved into a part of Jacksonville, where there is no flood zone very low risk for hurricanes Florida does not tax my pension. I’m allowed to own and carry a firearm so why would you say you wouldn’t live here for $1 million? Beautiful weather great roadways at least from my perspective compared to living in Brooklyn.
@@LanceHoward-u1b . . You are in the "1% Category" . . . Enjoy it now . . . Keyword is . . . NOW ! !
@@LanceHoward-u1b You feel the need to carry a gun in Jacksonville and think moving there " was the best thing I did " ... FLA is the most dangerous state in the nation to walk , ride a bike or take mass transit if you can find any .
Just sold my (Florida) home and I finally feel free!
Can you explain what you meant by “ you make your money when you buy it not when you sell it”? Because I have a big house outside of Nashville and prices have come down, but I have another house a tiny little trailer down on the lake that I would love to move into full-time. Torn on whether I should keep my big house and wait until the prices go back up or should I just go ahead and sell it, I’m 56.
Hi there! I’d be happy to clarify that phrase for you. It means that the real profit in real estate often comes from purchasing a property at a good price, rather than relying on market appreciation when you sell. This is key because securing a property at the right price can give you significant leverage and flexibility in the future, regardless of market conditions.
Considering your situation with the house outside of Nashville and the trailer on the lake, it sounds like you're at a great point to assess what fits your lifestyle best as you move forward. If the larger house no longer suits your needs or if the financial upkeep is a concern, especially with the current market downturn, it might be wise to consider selling now and enjoying the simplicity and potential cost savings of lake life. However, if you believe the market will recover and your financial situation allows you to comfortably wait it out, holding onto the property could be beneficial too.
It's all about balancing what you need financially and personally. Since you're considering moving into the trailer full-time, it seems like simplifying might align well with your goals at 56. Just ensure any decision is made with a thorough understanding of your financial landscape and long-term objectives. Hope that helps!
Flood insurance is a concern there…may be other places as well. Remapping zones definitely impacted the area in FL where I lived.
Real estate agents rarely contribute any service that warrants their commission.
These types of "occupations" just feed off the transaction and mimic the corrupt way government does the same.
Very informative video !
Great advice!
Thank you! 🤗
Good Advice for sure.
Thank you so much! 😀🏡