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It's what was showcased in Sunset Magazine and Good Housekeeping, and in the 1980s people still read magazines.
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Oct 17, 2014 19:23
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too late, hipsters have found it http://blog.estately.com/2012/08/you-cant-fight-this-feeling-anymore-wood-paneling-is-back-and-completely-awesome/
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Oct 17, 2014 19:33
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I'm not sure anyone can beat my hosed closing. 1. Noticed the water damage repair during walk-through. 2. Got engineer in to look at damage and figure out what was going on. 3. Every wall in the basement is bowed in. 4. Sill plate isn't bolted to foundation, floor joists aren't nailed to sill plate. 5. Owner pissed off to all hell and almost got into fight. There shall be no closing today at 4PM. 
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Oct 17, 2014 20:00
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That's not wood paneling, that's nicely decorated wood on a wall. This is the wood paneling I remember in my old house 
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Oct 17, 2014 20:07
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dietcokefiend posted:I'm not sure anyone can beat my hosed closing. Well yeah, his house just lost in value the cost of those repairs (if that is even possible) because he has to disclose it all future prospective buyers.
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Oct 17, 2014 20:08
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MickeyFinn posted:Well yeah, his house just lost in value the cost of those repairs (if that is even possible) because he has to disclose it all future prospective buyers. Funny story, in Ohio there's a loophole in the property disclosure law. Basically the law says that the property disclosure form must be accurate at the time the form is filled out. If anything happens while the home is on the market, the seller is not legally required to change, update, or fill out a new property disclosure form. Now, that isn't to say that they are legally shielded from lawsuits or anything, because obviously it's still a really good idea to disclose absolutely everything possible. The Ohio Association of Realtors is lobbying to close that loophole.
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Oct 17, 2014 20:16
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dietcokefiend posted:I'm not sure anyone can beat my hosed closing. How the gently caress do you fix that? Jack the house up and get nailing? That's amazing, the house just lost like half it's value.
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Oct 17, 2014 20:31
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Spermy Smurf posted:How the gently caress do you fix that? Jack the house up and get nailing? Engineer that we had in explained it as everything needs to be nailed and strapped, probably 20k+ in repairs given that length of each wall. Then bracing, then any refinishing because you just tore out all your framing and drywall in basement and 1st floor to get to that spot. Lots of unknowns because at this point its knowing every wall is hosed and the farther you go in you start to realize that costs just add up.
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Oct 17, 2014 20:46
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...sorry bro....that really sucks and sounds like one of the worst Mike Holmes shows. The plumber I found kicked rear end for only $325 (other guy wanted $950) and put in a new pressure regulator for the irrigation, a shutoff valve, a faucet aka "hose bibb" and some sweet new copper. The previous owner only had some crusty old regulator on the house while the irrigation was getting 85+ lbs and was getting blasted apart. Derp.   Don't steal my copper, goons. 
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Oct 17, 2014 21:30
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dietcokefiend posted:Engineer that we had in explained it as everything needs to be nailed and strapped, probably 20k+ in repairs given that length of each wall. Then bracing, then any refinishing because you just tore out all your framing and drywall in basement and 1st floor to get to that spot. Lots of unknowns because at this point its knowing every wall is hosed and the farther you go in you start to realize that costs just add up. Congratulations on avoiding a nightmare.
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Oct 18, 2014 02:26
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uwaeve posted:Congratulations on avoiding a nightmare. We still have no house (stuck in apartment but at least we have a place to stay) and now need to realize we won't find a house this year. Sucks a lot knowing that and I spent a good amount of time explains this to a pitcher of margarita tonight. But yea very glad no money changed hands. If we discovered this after the fact we would be up poo poo creek with no money to fix a problem of this severity.
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Oct 18, 2014 03:21
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Who did the owner almost get into a fight with? You or the engineer? What were they trying to say?
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Oct 18, 2014 03:36
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beejay posted:Who did the owner almost get into a fight with? You or the engineer? What were they trying to say? Both of us. Went from saying they would never sell the house with problems to he wouldn't put another dime into it and we should take it or leave it. Also went into a rant of how many friends they had in the neighborhood which I'm not sure if he was trying to say he'd make our life a living hell or what but it was not making us comfortable. He said we put him through the wringer on this sale, but our offer was full list price which dropped 5k when we found roots in the sewer lateral scoping it. No other asks besides cleaning attic of trash and locating window screens. His agent kept trying to get him to calm down and the guy stormed down the stairs to get in another word before finally leaving. Not really sure threatening a buyer in the face of major structural problems is the best way to lock in a deal, but holy poo poo insane man attitude. Both seller and sellers agent were trying to get the engineer to say that movement is normal in old houses. He immediately stopped that in its tracks saying lateral movement (not settling) of any amount is a structural deficiency, as well as he's seen 100+ year old home with no movement in. Engineer btw is the principle engineer at a firm he founded who designs levees and works on commercial high rise projects in our city. Also teaches and has degrees in civil engineering.
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Oct 18, 2014 03:52
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Oh and lastly I'm certain the house is cursed. Besides all of the above mentioned items, every specialist we brought over got in a car accident. Plumber after scoping while on the phone with me had a neighbor pull out of driveway, sideswipe his truck and drove off. Then today the engineer pulled out of the driveway and backed into the sellers agents Mercedes. At that point I got out of there as fast as I could.
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Oct 18, 2014 03:56
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dietcokefiend posted:At that point I got out of there as fast as I could. Hopefully without an accident. I'm closing on my house next week. Still waiting for good old USAA to get their act together loan-wise, but luckily I'm not dealing with anything anyone in this thread is going through. It is however reminding me to take a hard look at everything on closing day.
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Oct 18, 2014 05:08
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Oh and behold the craptastic repair that caused all of this crap. Before  After  No one will ever notice that  It's like they dumped a can down the corner and slathered it around down to the floor. Also calling it "epoxy injection". EDIT: House is back on the market and even has an open house scheduled this weekend. For some reason I don't think this guy is going to tell anyone about his new found problem. dietcokefiend fucked around with this message at 13:45 on Oct 18, 2014 |
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Oct 18, 2014 05:37
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Just went into contract this morning on a really nice 1900+ sqft 3 bed 2 bath house on a few acres in Colorado. It is a foreclosure owned by a local bank. It was built in 2006 and had previously sold for $375k a few years ago, then was foreclosed on shortly after that. The bank has been sitting on it for about 2 years and has had it on the market for about 6 months. Their listing price was down to $240,000, so I put in an offer at $192,000 with them giving us $5,000 to cover closing costs and incidental expenses. My intention was to lowball them to bring them to the table to see what their counter offer would be to gauge how willing they were to negotiate on the price. It took them a week to get to back to us, but came home last night and my wife had an email from their realtor saying they had counter offered at $200,000 with no other changes to the contract. loving sold. I was anticipating having to go up to about $220k or giving it up to a higher bidder. Very pleased so far and not expecting any issues during appraisal or inspection. It is a gorgeous log home built around 2006 with out buildings and great views. It appears the bank put in all new appliances and cleaned it up very well after the foreclosure. We will just need to build a garage after we move in which won't be an issue since we are saving so much on it. Next week I am sitting down with the president of the bank that owns it to thank him for the generous counter offer and discuss having them finance it instead of the bank I originally got my preapproval.
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Oct 18, 2014 15:28
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dietcokefiend posted:For some reason I don't think this guy is going to tell anyone about his new found problem. Pretty sure that would be illegal in most places and given a problem of this magnitude, I highly doubt any buyer would just overlook it. Also, wouldn't it be in the seller agent's best interest to disclose this even if the seller himself doesn't want to as the agent could get pulled into any legal repercussions for something like this going undisclosed?
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Oct 18, 2014 15:57
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Delizin posted:Next week I am sitting down with the president of the bank that owns it to thank him for the generous counter offer and discuss having them finance it instead of the bank I originally got my preapproval. The president may not be very happy to hear that his bank is giving out generous offers, they do like to make money.
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Oct 18, 2014 16:35
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dietcokefiend posted:EDIT: You should sit across the street and tell anyone going in (or coming out) that the house has serious structural problems. If the seller is telling everyone, it won't matter. If the seller isn't, he's intentionally defrauding people. Or maybe you can file a note with the city permit's office or something, so that anyone who pulls the permits sees "horrible structural problems."
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Oct 18, 2014 16:41
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baquerd posted:The president may not be very happy to hear that his bank is giving out generous offers, they do like to make money. He is the one that approved the offer and signed the contract. Small local banks tend to be a whole different breed than the big corporate banks found in most place. My first financing option was going to be USAA where I've banked for years, but they don't service any of their own mortgages. They just sell them off immediately after closing and the servicing is done by Ocwen, who have a reputation for deliberate incompetence and fraud. There are a couple local banks in this area and all of them originate and service their loans locally and do not sell them to any other institutions. It looks like I'll have about 0.5%-1% more APR by going with them, but I'd much rather have someone local to work with than having to deal with a company like Ocwen or BoA.
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Oct 18, 2014 16:43
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Welp, the place that I've been looking at for the last month and finally made an offer on ended up in the No Deal category. The seller bought it in 2006 at $235 and seems stuck on the idea that it's still worth what she paid for it during the bubble. Comparable homes in the area are currently selling in the $175-$205 range and they've been on the market for 5+ months now with no serious interest before me so I put in a bid at $200 which is actually slightly above I think it's actually worth today. They countered at $215 and I turned it down since I think it's realistically in the $190-$195 range. In my rejection letter I mentioned that I'd still be interested at $200 if they change their mind in the future and I haven't found something else. In the meantime they can go back to paying maintenance on an overpriced empty place in a slow market, and I'll go back to trolling zillow.com for other houses. I don't regret my decision but drat we went to a lot of effort to vet the place thoroughly and it's a shame to see it all go to waste.
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Oct 19, 2014 03:28
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If you own a house with hardwood floors and you install carpet over it in some of the rooms gently caress YOU.
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Oct 19, 2014 05:38
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Grand Theft Autobot posted:If you own a house with hardwood floors and you install carpet over it in some of the rooms gently caress YOU. I ripped up the carpet and put down hardwood  okay laminate, I can't afford hardwood, but if I could, I totally would put down hardwood
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Oct 19, 2014 06:05
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How current is zillow? Realtors are trying to tell me everything is like a month out of date on there but the info always matches their lovely websites so I'm skeptical.
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Oct 19, 2014 11:20
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Pryor on Fire posted:How current is zillow? Realtors are trying to tell me everything is like a month out of date on there but the info always matches their lovely websites so I'm skeptical. Updates from MLS I've seen happen mid-day. It's very current.
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Oct 19, 2014 13:07
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My realtor friend says anything he can to discourage clients from using Zillow so they don't use it for comparing prices. It may have accurate MLS data, but it's estimates for properties that aren't for sale can be nuts. Zillow showed my house's value taking a $30,000 dive when a neglected foreclosure up the street sold low, then readjusted up $40,000 a month later.
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Oct 19, 2014 15:08
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Pryor on Fire posted:How current is zillow? Realtors are trying to tell me everything is like a month out of date on there but the info always matches their lovely websites so I'm skeptical. That's not true. But I have seen problems where changes to an existing listing didn't show up at all. That and their price estimates are dumb and can be way off.
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Oct 19, 2014 15:53
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Redfin is a lot better then zillow for listings.
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Oct 19, 2014 18:47
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While doing my house searching I ended up getting contracted to build websites for my agent, a few other agents in her office and the office itself. To get the MLS listings incorporated on their sites I ended up having to get access to the MLS database from the local real estate board. From what I've seen the MLS database is more up to date than Zillow in my area. I'd find properties in the MLS well before they would show up on Zillow and the information tended to be more accurate there as well. Additionally there is at least one real estate office out here that none of it's listings show up on Zillow at all. They are all in the MLS, but I have no idea if they have some sort of exclusivity agreement or what. That all being said, Zillow was still my first line search engine since it provided a more effective and user friendly enviornment. MLS was just a backup to get more information on properties and to try to find listings that didn't make it on Zillow.
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Oct 19, 2014 18:51
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Ranma posted:Redfin is a lot better then zillow for listings.
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Oct 19, 2014 20:26
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moana posted:I have an agent sending me MLS listing updates automatically through her account as well as a Redfin search set up, and sometimes RedFin sends me the same updates faster. Dunno about zillow. I'm pretty sure redfin pulls directly from the mls database.
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Oct 19, 2014 20:44
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Delizin posted:He is the one that approved the offer and signed the contract. Small local banks tend to be a whole different breed than the big corporate banks found in most place. Do you know how to find a place like that?
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Oct 19, 2014 23:02
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PDP-1 posted:Welp, the place that I've been looking at for the last month and finally made an offer on ended up in the No Deal category. Update: After receiving the news that I had rejected their counter offer the seller apparently spent last night doing some soul searching and decided to accept my original offer at $200. Looks like I'm gonna be a home owner soon. If I had one of those 70's mood rings on right now it'd be flickering between whatever colors represent panic and joy. Mahoning posted:That's not true. But I have seen problems where changes to an existing listing didn't show up at all. Yeah, that zestimate thing can generate some terrible results at times - the property I'm purchasing includes two adjacent lots but zillow's algorithm only seems to account for one of them and spits out a way-wrong number. I think zillow has the best search tools though, so I use it as a starter and then cross-reference any interesting properties with the other main sites and the realtor's personal site listing.
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Oct 19, 2014 23:52
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JPrime posted:Do you know how to find a place like that? My recommendation would be to check into local community banks and credit unions make sure they offer the mortgages that your interested in, then try to find people that you know who have used them and ask how satisfied they are with the bank, etc. You should also call up the bank and ask them directly if they service their own mortgages and if they sell them off. A couple websites you might try to find some local banks are: http://www.creditunion.coop/ http://www.icba.org/consumer/BankLocator.cfm?sn.ItemNumber=51757 You can also look up financial information on the bank on bankrate.com to see how stable it is as well.
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Oct 20, 2014 00:08
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JPrime posted:Do you know how to find a place like that? It's not. The institution I work at rarely sells the servicing of a loan. Most mortgages are packaged and sold to Fannie or Freddie, but we still service them and it is seamless to the customer. Most community banks function in this manner. Servicing is very profitable if you have competent staff.
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Oct 20, 2014 00:13
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My last contract is now released... Now to quickly see the handful of *maybe* decent houses left this season before market hibernates for next year. Aiming for one walkthrough tomorrow, got a small glimmer of hope. 
dietcokefiend fucked around with this message at 02:02 on Oct 20, 2014 |
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Oct 20, 2014 01:50
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Just an FYI, the home websites don't pull from the MLS. That's not allowed since those websites aren't members of the MLS. The brokers sign up with a service that distributes that brokerage's listings to all the websites like Zillow, Trulia, etc.
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Oct 20, 2014 05:22
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Mahoning posted:Just an FYI, the home websites don't pull from the MLS. That's not allowed since those websites aren't members of the MLS. The brokers sign up with a service that distributes that brokerage's listings to all the websites like Zillow, Trulia, etc. Because the only reason I can think of why the MLS exists is to create an artificial demand for real estate agents.
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Oct 21, 2014 05:06
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Dik Hz posted:Can you think of any reason why a broker would put a listing on the MLS and not a publicly available free database, if they represent in the interests of the seller? Theoretically, and I'm stretching here, it would limit interactions to buyers who have already retained an agent, buyers who are conceivably more serious. It also restricts access to the knowledge the house is on sale, conceivably preventing possible thieves and other undesirables from stopping by.
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Oct 21, 2014 05:14
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