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

[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

[glockman19]

What is a priority to you?

Sounds like a house is. I'd agree.

If selling a couple/few not all of your firearms I'd have to agree with you. Sell them and get into the house.

[maschronic]

i would sell some of your stuff but not all of it. keep the ones that are important to you. guns come and go. zero debt is a good goal to have before buying a house.

[fuegoslow]

If you can replace them, sell them. But if they're rare civil war or heirloom type firearms, hold on to them.

By the way, what you got? pics? Chino Hills is nearby and I'm always looking.

[maschronic]

2nd in line. haha what ya got?

[HCz]

Good advice has been given already. IF the gun is replacable, you might consider selling it.

But then again... (see attached file)

[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...

[Japsican]

Lmao...I knew you guys would be interested in what I had for sale...

Well, a home is my #1 priority...with that said, I dont need to sell anything, but extra cash on hand is always a plus. The guns I'd be selling arent rare at all, but I love them none the less.

Here's what I was thinking of letting go.

Stainless Steel Springfield Loaded Gov. .45acp
Sig P226R 9mm w/ NS

Both in excellent condition around 600 through each.

Man, if I do sell, it is going to be tough...

[Japsican]

Good advice has been given already. IF the gun is replacable, you might consider selling it.

But then again... (see attached file)

Lmao...I saw that right before I started this thread...talk about irony.

[freakshow10mm]

Absolutely pay off your credit cards. Then don't ever, ever use them again. The only loan you should ever take out is a mortgage for real estate. Pay cash for vehicles, luxury items, and bills. Rely on savings account for emergencies, not credit cards.

If you have to use credit to buy a luxury item, you can't afford it.

I learned it the hard way.

I sold all but two guns (carry gun and my first gun my grandfather bought me). Unfortunately it barely put a dent in my CC debt.

[Japsican]

Absolutely pay off your credit cards. Then don't ever, ever use them again. The only loan you should ever take out is a mortgage for real estate. Pay cash for vehicles, luxury items, and bills. Rely on savings account for emergencies, not credit cards.

If you have to use credit to buy a luxury item, you can't afford it.

I learned it the hard way.

I sold all but two guns (carry gun and my first gun my grandfather bought me). Unfortunately it barely put a dent in my CC debt.

Yeah, that's definately good advice, but luckily for me, I dont have too much credit debt to begin with. If I sold a few things, I could knock out the small debt and put some more cash away.

[Southbay]

Pay off your credit cards is always a good thing. If your main priority is to purchase a home, the first thing you should do is talk with a mortgage broker, ask the broker to show you how much of a difference it will make to you loan if you pay off your credit cards.

[Gunaria]

Lmao...I knew you guys would be interested in what I had for sale...

Well, a home is my #1 priority...with that said, I dont need to sell anything, but extra cash on hand is always a plus. The guns I'd be selling arent rare at all, but I love them none the less.

Here's what I was thinking of letting go.

Stainless Steel Springfield Loaded Gov. .45acp
Sig P226R 9mm w/ NS

Both in excellent condition around 600 through each.

Man, if I do sell, it is going to be tough...

I say just keep them. Is $1200 really going to make that much more of an impact on your finances? Or the very least, sell the Sig & keep the 1911.

[Noobert]

Good advice has been given already. IF the gun is replacable, you might consider selling it.

But then again... (see attached file)

Rofl!

[Turbinator]

You have 2 guns? Not worth selling to buy a home.

If you had $50K in guns, that helps with your downpayment - but 2 guns, $1200 roughly, not worth it.

Hey, you have to protect your new homestead somehow, right??

Turby