Thinking of Selling my Guns, Should I????

[wksun88]

normally I'd say no to selling your guns, but getting your finances in order is always a top priority especially when you want to become a home owner.
Go for it, no one will be taking away our guns!!

[norcal77]

Keep the best, sell the rest.

[JaMail]

Originally Posted by Japsican

Hey Everyone,

Well...I'm really on the fence on what to do here. I'm currently looking into buying a home with my wife and at the same time, I'm also looking to pay off all my credit cards so that I have zero debts before I buy a house. We have some cash saved for the house, but I'd like to have as much spare cash as possible, and it would be nice to not have to worry about credit card bills. Now I'm thinking about selling some of my toys to pay off all debts and put some more spare cash in the bank, unfortunately, some of these toys would be a few of my guns. My thinking on this is, theoretically, I could replace the guns later on down the road after I'm all settled in. It would be tough to watch my guns go, but they could be replaced, right?

Not sure what to do, guys...What's your input on this?

Thanks

depends on how many you have, what you have, and what your keeping, if you just have a bunch of generic makes and models, then yea, sell them off and get your bills paid, espeically if your paying an extra three or four hundred a month in interest on the credit cards, get them paid, then use that money to restock your collection.

[a1c]

Originally Posted by bsim

As an FYI...

If you have (let's say) $10k total available credit, and your cards are maxed out, your credit score takes a hit.

If you have $10k total available credit and zero balances, your credit takes a hit.

The magic number for credit card balances and max credit score is roughly 20% of available credit.

Just an FYI...

No, that's a myth. The idea is simply to pay off your balance every month. That's how you achieve great credit. And you don't even have to use your credit card every month either.

Keep the handgun you love and trust the most for HD and keeping your skills up. Keep the heirloom pieces or those you know will be nearly impossible to replace. Sell the rest. Being debt free and putting a permanent roof on your family is priceless.

[ilbob]

I don't know about CA, but around here the peak of the firearms buying panic has passed. I am not sure what you might be able to get for the guns you are thinking of selling.

Even if you get $1200 for them, it seems like a relatively small amount of money, versus the layout for a new house.

If you are so strapped that $1200 one way or the other is going to make that much difference, I think you need a better financial plan. Not to be picking on you, but if a weeks (or maybe 2 weeks) pay makes all that much difference in your financial situation, what is going to happen when your car needs a new transmission? Or your shiny new house needs a new furnace?

[B Strong]

Originally Posted by Japsican

Hey Everyone,

Well...I'm really on the fence on what to do here. I'm currently looking into buying a home with my wife and at the same time, I'm also looking to pay off all my credit cards so that I have zero debts before I buy a house. We have some cash saved for the house, but I'd like to have as much spare cash as possible, and it would be nice to not have to worry about credit card bills. Now I'm thinking about selling some of my toys to pay off all debts and put some more spare cash in the bank, unfortunately, some of these toys would be a few of my guns. My thinking on this is, theoretically, I could replace the guns later on down the road after I'm all settled in. It would be tough to watch my guns go, but they could be replaced, right?

Not sure what to do, guys...What's your input on this?

Thanks

Now is the absolute worst time to sell anything, so if you want to - have to - take a loss, make the sales.

If you can hold on till the economy stabilizes - two years? - you may realize a better reurn, or at least not so much of a loss.

[jarhead995]

sell me some?

[gn3hz3ku1*]

how much percent do you have down?

fha? va loan?

because im putting 20 percent down 800 plus credit and they are still not 100 percent sure ill get approved

a grand isnt going to make much of a difference depending on the size of the home.. seeing how you are in chino.. if you want to go west, it wont make a diff... you will end up really really far east for the bank to care about that extra grand...

[swerv512]

i aint sellin no more guns PERIOD. Since i sold my M1A i've never been the same....
Also, as already noted, unless you've got some collector-grade goodies, you wont be making much profit-unless you bought them way back.
cut back the starbucks and other frivilous items instead...

[AJAX22]

If you are ever in a position where you HAVE to sell a gun, you'll have no problem moving a 1911 and a sig 226R....

I'd hang onto them and see what else you can get rid of to raise funds....