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moana posted:Great, just got this email from my agent.
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Feb 28, 2015 00:04
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SiGmA_X posted:Serious question cuz I'm a newb. Why does 10% vs 20% down matter for appeal to seller? I get why 20%+note vs 100% cash makes a difference (time to close), but why 20% vs less? Are FHA mortgages always really slow to close? I think it's because financing often falls through, which sets the seller back at least a month in most cases. 20% down means much better likelihood of closing.
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Feb 28, 2015 00:08
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Andy Dufresne posted:Going into a contract tomorrow on a 1450 sqft house in Carrollton. Very good neighborhood and location for me, but not where I thought I'd end up. I had to put a clause in the contract basically acknowledging that I'm buying above appraisal value, but the home came in 100k under budget so the difference won't break me. Gas is very rare - I'm super jealous. Congratulations man! Carrolton is the poo poo.
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Feb 28, 2015 00:27
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Hey, I can just widen that lower hole to fit my grounded outlets, right?
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Feb 28, 2015 00:37
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Yeah, just hit it with a power drill. If you dont want to do that, just snip the prong from the plug itself with wire cutters.
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Feb 28, 2015 01:00
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Citizen Tayne posted:Hey, I can just widen that lower hole to fit my grounded outlets, right? Are you serious? I can't tell. Please replace that with something that isn't an electrical horror show and make sure it is wired correctly. Please don't die in the process. I think that is a combined 120/240 outlet and I think it doesn't have a ground. Cool historical trophy though!
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Feb 28, 2015 01:12
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Is that in the U.S.A.? Once an inspector gets near that place get ready to replace every outlet in your house with tamper resistant versions. 
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Feb 28, 2015 01:19
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slap me silly posted:Are you serious? I can't tell. Now I feel bad. Thought it was an obvious joke. If it was serious: Likely all the wiring in the house (and panel?) needs to be replaced. Guessing thats not 12-2 romex and is instead an old 2-wire with no ground.
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Feb 28, 2015 01:25
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Spermy Smurf posted:Now I feel bad. Thought it was an obvious joke. If it was serious: Likely all the wiring in the house (and panel?) needs to be replaced. Guessing thats not 12-2 romex and is instead an old 2-wire with no ground. It's all new, the house was built in 1901 but the wiring was all updated. That's the only outlet like that in the place. No idea why they left it.
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Feb 28, 2015 01:27
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Citizen Tayne posted:It's all new, the house was built in 1901 but the wiring was all updated. That's the only outlet like that in the place. No idea why they left it. Oh, good. I hope they left it for fun and isn't connected to anything. But if it is you should disconnect it or swap it out for a modern outlet. If you want, go show it off to the electricians in the wiring thread, it's pretty cool.
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Feb 28, 2015 01:41
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slap me silly posted:Oh, good. I hope they left it for fun and isn't connected to anything. But if it is you should disconnect it or swap it out for a modern outlet. I'm going to stick my dick in it.
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Feb 28, 2015 01:41
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blarzgh posted:Gas is very rare - I'm super jealous. Congratulations man! Carrolton is the poo poo. I've got your drinks if we ever do another Dallas goon meet with Scraps. I've worked with Tara, Brad's sister-in-law and she's been great.
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Feb 28, 2015 02:05
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blarzgh posted:Gas is very rare - I'm super jealous. Congratulations man! Carrolton is the poo poo. I have a basement and all of my appliances are gas.
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Feb 28, 2015 02:26
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slap me silly posted:I think that is a combined 120/240 outlet and I think it doesn't have a ground. Cool historical trophy though! It's a Nurpolian outlet, both the parallel and tandem sockets are (most likely) 120v. The outlet was rated for 240, and was intended to be used with either (because people hadn't figured out yet that using the same socket for two voltages is dumb as poo poo), but 240v use would have been uncommon. So if he drills out the bottom hole and uses it as a ground, 50/50 chance it uses neutral as a ground, or uses hot as ground. Also, it's possibly only rated for 10A.
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Feb 28, 2015 02:26
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Citizen Tayne posted:I am a Texas Unicorn
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Feb 28, 2015 03:40
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Andy Dufresne posted:I've got your drinks if we ever do another Dallas goon meet with Scraps. I've worked with Tara, Brad's sister-in-law and she's been great. Awesome, glad to hear it - you've got a deal. I'll call Don tomorrow and tell him you're happy with them.
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Feb 28, 2015 03:41
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The idea of living in a place with no gas appliances and no basements is horrifying.
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Feb 28, 2015 04:39
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Where in Texas do you live with a basement? I have lived here 26 years and never seen a house with a basement.
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Feb 28, 2015 05:03
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Citizen Tayne posted:The idea of living in a place with no gas appliances and no basements is horrifying. Yeah like I wanna live somewhere with a dank pit under my house that needs a pump to keep my house from becoming a mildew factory every time it rains. Basements are dumb.
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Mar 1, 2015 04:49
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You can have a basement without needing a sump pump to keep it dry. And you can need a sump pump to keep your house from becoming a mildew factory without having a basement.
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Mar 1, 2015 05:50
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Nohearum posted:The Denver real estate market is a complete clusterfuck right now. I'm in Boulder and want to put a gun in my mouth.
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Mar 1, 2015 19:11
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FCKGW posted:Yeah like I wanna live somewhere with a dank pit under my house that needs a pump to keep my house from becoming a mildew factory every time it rains. Basements are actually good.
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Mar 1, 2015 19:30
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Citizen Tayne posted:Basements are actually good. I know that goons are naturally drawn to their parents' basements but that does not necessarily mean that basements are good. In fact, they're extra dumb
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Mar 1, 2015 20:49
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QuarkJets posted:I know that goons are naturally drawn to their parents' basements but that does not necessarily mean that basements are good. In fact, they're extra dumb Haha, yeah, hang on while I put my furnace, hot water heater, and laundry equipment in a closet like some plebe. Basements are necessary because all that stuff and more goes into a basement.
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Mar 1, 2015 20:56
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A townhouse I am really interested in, but haven't seen in person, is under contract. Is it possible to find out what step of the game they are in?
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Mar 1, 2015 21:23
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Citizen Tayne posted:Haha, yeah, hang on while I put my furnace, hot water heater, and laundry equipment in a closet like some plebe. Laundry in the basement is for plebes. Its all about that 2nd floor laundry room. But yeah, basements are loving awesome. Beyond the HVAC stuff that goes down there, you have a ton of extra storage for stuff like patio furniture in the winter, housing your beer making equipment and the occasional sex slave.
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Mar 1, 2015 21:23
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Basements are for turning into home gyms so you can work out whenever you want in your boxers.
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Mar 1, 2015 21:37
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Sound_man posted:A townhouse I am really interested in, but haven't seen in person, is under contract. Is it possible to find out what step of the game they are in? No
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Mar 1, 2015 22:29
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LemonDrizzle posted:Basements are for turning into home gyms so you can work out whenever you want in your boxers. Look at this beta not able to walk around in his own house in his boxers
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Mar 1, 2015 23:58
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Sound_man posted:A townhouse I am really interested in, but haven't seen in person, is under contract. Is it possible to find out what step of the game they are in? Call the listing broker and ask if they're still accepting backup offers.
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Mar 2, 2015 00:54
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So it turns out the condo market near me is dead (probably because every place seems to have 400+/mo assessments and nothing to show for it), but I'd much rather look at a single family home. Went to an open house for one, within ten minutes there were over 30 people there. One loudly offered cash for it, and the realtor responded that he got 7 such offers the first day on the market (Friday). 400k for a 1100 sqft house built in 1885, basement ceiling was 5'4". I'm sure at least one offer included no inspection. (Evanston, il, ten minutes to the train on the poor side of the tracks). I think I'm starting to understand what you folks in Denver/seattle/dc/bay area are dealing with. Really depressing.
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Mar 2, 2015 02:00
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Yeah it's pretty insane where I live right now http://www.dailycamera.com/boulder-county-business/ci_27614117/hot-housing-market-boulder-county-home-buyers-inventory?source=most_viewed quote:We're within sight of the last single-family detached (home) in the County Hearing lots of those crazy stories of 10+ offers above asking price as soon as it's listed. Aside from the usual junk mail from realtors trying to convince me to sell every week I've also had two stop by unsolicited in person and try to convince me to sell because of the market right now. Just crazy, is this what Vegas was like in 2006? Pryor on Fire fucked around with this message at 20:32 on Mar 2, 2015 |
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Mar 2, 2015 20:28
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Pryor on Fire posted:Yeah it's pretty insane where I live right now It's this way in Dallas and what I'm worried about is how long it will take appraisals to catch up to the market. I haven't gotten my appraisal back on the home I'm buying yet, but I fully expect it to appraise 10k under my offer and require a kidney as down payment.
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Mar 2, 2015 20:57
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Andy Dufresne posted:It's this way in Dallas and what I'm worried about is how long it will take appraisals to catch up to the market. I haven't gotten my appraisal back on the home I'm buying yet, but I fully expect it to appraise 10k under my offer and require a kidney as down payment. Why does that matter, unless you want paper equity to borrow against
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Mar 2, 2015 21:33
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BEHOLD: MY CAPE posted:Why does that matter, unless you want paper equity to borrow against LTV ratios affect borrowing costs. I'm locked in right now, and if my house appraises $10k low my options are either to take a quarter-percent higher loan or add $7500 to my down payment (planning the latter).
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Mar 2, 2015 22:08
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Ignoring all the fantastic advice in this thread, I put an offer on a house today... In the UK. With an average asking price of £413,203 in my area!  Wish me luck, anyway!
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Mar 2, 2015 22:55
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Bought our house about a month ago. Thanks for some of the random advice in the thread (even though I lurk a lot more than post). 1700 sq. ft with about 700 sq ft. of finished basement, the rest done really nicely with shelves and a workbench, and a nice laundry room with a chute from the upper floor bathroom closet (so not in the open). It's perfect for what we wanted (room to have people over) but not so huge we feel lost and not too much to keep clean with a couple of hours from my wife and I each week. Also a nice neighborhood - quiet but about 2 blocks from the main strip in the area (but it's on the very end, so no tractor trailers at night or anything). Happy with the price and everything. Thanks thread! Now trying to budget properly to fill out all the extra space with furniture since we didn't have nearly this much space in the last place we were in.
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Mar 3, 2015 03:33
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I'm a first time house buyer. I found a pretty decent condo. Its a tight fit for my family, but it looks like we can squeeze in. I'm having a hard time pulling the trigger though. I'm not sure if this is just firt-time-buying jitters or if its a sign I should walk away. This might be a weird thing to ask but did anyone else have a hard deciding on their first purchase, and did they regret it afterwards?
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Mar 3, 2015 04:10
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ryde posted:I'm a first time house buyer. I found a pretty decent condo. Its a tight fit for my family, but it looks like we can squeeze in. I'm having a hard time pulling the trigger though. I'm not sure if this is just firt-time-buying jitters or if its a sign I should walk away. This might be a weird thing to ask but did anyone else have a hard deciding on their first purchase, and did they regret it afterwards? Yes and yes, I bought a vastly over inflated house right before the housing crash because it was what "married couples were supposed to do" and my idiot real estate agent "friend" sold me on what a good deal it was. Zillow lists it as half what we paid for it, and it hasn't sold to a actual owner since we walked away from it. Pretty embarrassing have a foreclosure on your credit but it hasn't been nearly as traumatic as we feared at the time, and now it's almost about to drop of. That said, whether or not the house is right for you and/or a good purchase won't be easy to answer without more details.
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Mar 3, 2015 04:33
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I almost always have a huge sense of buyer's remorse but man oh man that was not an issue with buying my first place at all. Getting home after signing everything, getting a locksmith to change all the keys that afternoon and just lying on the floor for awhile was the best feeling ever. I really got wrapped up in the emotion of that the first time, probably a little too much since I had a long string of lovely landlords that regularly broke the law before that. Just felt amazing knowing that I had the only key and noone could barge in for some bullshit reason.
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Mar 3, 2015 04:35
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