My taxes are $5,000 because my purchase price was $350,000 .I bought before the market went nuts and I also had a very very motivated seller.
Believe me I know the deal down here real well. This is one screwed up state tax wise.
My taxes are $5,000 because my purchase price was $350,000 .I bought before the market went nuts and I also had a very very motivated seller.
Copied from RedFin today:
Hoping to Borrow More than $417,000? Good Luck!
In Seattle the median price for a single family home is $481,000 so unless you can put about 13% down you’ll need a jumbo loan (which is any loan over $417,000).
I have one other Question for Florida residents .If we chose save our houses or the superhomestead are you locked into that choice forever ??Say you move are you locked into the save our houses
when at that point the superhomestead would be better ?
every police & fire department as well as every school board is against it.
Well, if you have good credit and a significant downpayment, you can now get a jumbo loan. But be prepared to pay 8% plus 2 points up front.
Geeze, good to know. DW and I are toying with buying a new house next spring. Now I know that I'm not in the market for anything over $418,000 + the equity in my current home, which I hope is still north of 200k.
At least here in San Diego, things have crashed pretty hard.