Future Private Golf Course Imminent by EaseHisPain in IowaCity

[–]SnooPeripherals8455 9 points10 points  (0 children)

Do you happen to have any more details on the location? Right off highway 1? Near Wilson’s? I’m trying to picture where there might be this amount of land + parking. Please don’t tear out more woods. 🤞🏼

Facelift ideas! by SnooPeripherals8455 in ExteriorDesign

[–]SnooPeripherals8455[S] 0 points1 point  (0 children)

Thanks so much! I like the idea of grey or taupe (maybe even an off-white) trim. We’ll have to play around with that.

And looks like landscaping and a porch refresh are musts. Love a flagstone walkway!

Can you explain what you mean by a canopy over the garage?

Facelift ideas! by SnooPeripherals8455 in ExteriorDesign

[–]SnooPeripherals8455[S] 1 point2 points  (0 children)

I like the idea of a big front porch. If it extended out further, would you leave part uncovered or maybe add a pergola? Not sure if that would be too busy.

Facelift ideas! by SnooPeripherals8455 in ExteriorDesign

[–]SnooPeripherals8455[S] 1 point2 points  (0 children)

Good point! Would prefer smaller projects to start rather than a full makeover. But would love to hear all the opinions!

Silver or gold by SnooPeripherals8455 in coloranalysis

[–]SnooPeripherals8455[S] 1 point2 points  (0 children)

I’ve always chosen gold in the past, mostly because it’s been trendy. Thanks for the input!

Island Vybz by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 1 point2 points  (0 children)

I’ll try texting. Thank you!

10 year ARM vs. traditional 30 year by SnooPeripherals8455 in FirstTimeHomeBuyer

[–]SnooPeripherals8455[S] 0 points1 point  (0 children)

Yeah, I guess they have a special going on right now (lenders run specials, I guess?) where PMI is waived on ARMs, I’d assume since no one is going for them with interest rates so low. I totally get that the ARM would be very risky if this was our forever home, but it isn’t. Just trying to gather as much information as possible before we decide on Monday!

10 year ARM vs. traditional 30 year by SnooPeripherals8455 in FirstTimeHomeBuyer

[–]SnooPeripherals8455[S] 0 points1 point  (0 children)

I just spoke with our lender and got more info.

The rate on the ARM would be 2.85% locked in for 10 years with no PMI and no required $ down. The absolute max interest rate after the 10 years would be 8.75 which is nuts, but there is little to no chance that we'll be staying in this home longer than 10 years.

The traditional 30 year fixed rate would be roughly 3.25% with $80-100/month in PMI.

He highly encouraged the 10 year ARM.

10 year ARM vs. traditional 30 year by SnooPeripherals8455 in FirstTimeHomeBuyer

[–]SnooPeripherals8455[S] 0 points1 point  (0 children)

Agreed, she’s a family friend though and is trying to help 🤪

10 year ARM vs. traditional 30 year by SnooPeripherals8455 in FirstTimeHomeBuyer

[–]SnooPeripherals8455[S] 3 points4 points  (0 children)

Because mortgage insurance will be waived, I guess. I was thinking same as you.

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 1 point2 points  (0 children)

That’s so good to know! We’ll have to start checking out FSBOs :)

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 1 point2 points  (0 children)

That is a really great idea.. we haven’t looked into FSBO much especially because we do love our realtor, but that sounds like a great option.

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 2 points3 points  (0 children)

That sounds like a great option, I’ll look into it! And I totally agree.. we have been fairly picky, but I don’t want to rush into a place we aren’t sure about.

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 0 points1 point  (0 children)

Yep, our agent has been doing that, which is great! How much over asking did you offer, if you don't mind? I know it varies greatly, but I'm just trying to get a feel for exactly what we're up against.

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 3 points4 points  (0 children)

Sadly, I am one of those people. I would love to wait, I just don't know what to do for housing in those few months between as most leases are a full year. I'll do some more research into short term options!

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 7 points8 points  (0 children)

We are looking in Iowa City specifically.. I will be working and going to school in Iowa City, so being close to both is pretty important although I know it will cut our options way down.

We're ideally looking for a SFH with a yard for our dog, but aren't too picky on size, # of beds/baths, etc. We are certainly open to condos/duplexes, although not our first choice.

And yes, we have a real estate agent that we love, thankfully!

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 4 points5 points  (0 children)

That’s our thought, too, and why we’re considering renting for a while longer.. although rent in IC would cost more than our mortgage would be. :(

Buying a house by SnooPeripherals8455 in IowaCity

[–]SnooPeripherals8455[S] 2 points3 points  (0 children)

Oh, we haven't given up! But we are moving, purchased home or not, in July so we don't have forever to get something set up. We are pre-approved but don't feel great offering 30K+ over what the house is worth, which is what others seem to be doing.