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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Thu, 21 Jul 2005 23:08:22 -0400
/ Author of the message: Jim |
Title of the message: |
Does it make sense to invest in a house in Delaware
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Text of the message: |
I am a homeowner on Long Island. I am barely getting by, but I am getting by. A friend of mine is moving to Delaware. He went down and bought a huge house (4 bedroom, basement, upstairs ) for $230,000. Thing is, it wont be built til next May. He needs $7K down and $8K at closing. So, I had an idea.... What if I did the same thing? I dont have much desire to move there. But, if I did the same thing, I would own the house in 2006 for $15K out of my pocket. Assuming houses appreciate like they have been, wouldnt it fairly safe to say that the house should be worth an additional $30-$50K by the closing? If so, I would sell it at that point. It would be like buying next year's house at today's price. Of course, if there is a bubble burst this year, I will be SOOL. Does this sound good to anyone? It could be the same situation in any state really. Plus, if someone |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.