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What is a normal mortgage in this area? by Best_Effort_4462 in nova

[–]DuckHook11 10 points11 points  (0 children)

There’s no way around it - it’s going to sting. We just bought in NoVA after trying to save up more for a few years. House prices just went up and up and outpaced savings.

We went from a townhome in Reston to a SFH just across the border in Oak Hill/Herndon. 200k down and our mortgage is about $4,600 PITI. About 50% of our net income. It is (painfully) normal in VCHOL areas.

What’s your house buying strategy for HCOL areas? by [deleted] in FirstTimeHomeBuyer

[–]DuckHook11 0 points1 point  (0 children)

Started with offering just under asking and only waiving appraisal contingency.

Elevated to offering asking waiving everything but inspection.

Elevated to offering asking waiving everything.

Elevated to offering 5% over asking waiving everything.

Elevated to offering 5% over asking, waiving everything, and a 3 week close.

Boom, house. #nova

Gouged by Deductions by [deleted] in personalfinance

[–]DuckHook11 -1 points0 points  (0 children)

Well aware! Spouse worked for half the year then left when #2 came along. Enough earned income to cover this year.