what is biggest check you ever wrote?

BlackVert

15 Year Member
Oct 3, 2003
5,589
9
98
Bethesda, MD
i just wrote mine ... $43,750 ... 5% downpayment for a house we are bidding on in northwest washington dc.

nice house, but it sucks living in this area

if all i had to worry about was paying for the mods on my car, i'd have a ride to rival jr or onebad95 ...

sigh
 
BlackVert said:
i just wrote mine ... $43,750 ... 5% downpayment for a house we are bidding on in northwest washington dc.

nice house, but it sucks living in this area

if all i had to worry about was paying for the mods on my car, i'd have a ride to rival jr or onebad95 ...

sigh

Almost had one of those 2 weeks ago. Someone out bid us and paid cash for a 200,000 dollar house. I wish I had that kind of money.

My biggest was the 7k to Discover to pay off my motor swap and all the parts.
 
sade04 said:
just wondering, youre gonna buy a $875,000 house?
if we get the bid, it will be somewhere between 875K and 920K.

we are selling ours for 800K and our inlaws are selling theirs for 700K and we are going in together on this one. my inlaws are elderly and they can't keep up a house by themselves anymore. they need 300K cash to live off of and i need 250K to pay off my current mortgage. if all goes according to plan, my new mortgage will be less than 100K.

my (the buyer's) fees to close on this house will be about 25K. then there are capital gains from selling the current house, transfer fees, ... it's crazy how much of your hard earned money people take when you sell or buy a house.

just the realtor's fees to sell our house will be about 40K and 35K for my in-law's house! :bang: they take that off the top. :nonono:
 
BlackVert said:
i just wrote mine ... $43,750 ... 5% downpayment for a house we are bidding on in northwest washington dc.

nice house, but it sucks living in this area

if all i had to worry about was paying for the mods on my car, i'd have a ride to rival jr or onebad95 ...

sigh

I just put down $1500 for a earnest deposit on a home. Its in construction now. Houses out there must cost a grip.
 
BlackVert said:
...then there are capital gains from selling the current house...
Capitol gains tax only applies if you keep or profit over $500,000 for married couples. If you are putting the money from your current house into another house, you won't pay anything. Unless you lived in your current house for less than two years...
 
sawbones25 said:
Capitol gains tax only applies if you keep or profit over $500,000 for married couples. If you are putting the money from your current house into another house, you won't pay anything. Unless you lived in your current house for less than two years...
the house we live in was passed from my wife's grandparents to her mother and now 2/3 of it is ours. the profit is almost 100%, except for 100K we put into it for an addition about 10 years ago. luckily, our 2/3 is less than 500K so our capital gains is 0, but my in-laws are looking at about 200K of capital gains. plus, there is no exclusion if it is not your primary residence.

my in-law's house bought their house for 20K a long time ago, so they are looking at about 200K in taxable gains there too.

the more the in-laws end up paying for capital gains, the higher my new mortgage is to cover the difference.