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yeah but you paid in buttcoin so you're doing alright
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Mar 14, 2016 06:58
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OSU_Matthew posted:Re: Commuting--I recall hearing somewhere that the happiest people commute <45 minutes, so that's something to take into consideration. I can vouch for that. When I last moved I went from an hour and a half commute to 35-40 minutes. An hour and a half or so saved every day, for five days, adds up to a lot of personal time each week. Not to mention that the longer your commute is, the greater the odds for a severe delay. Waiting 2 hours for the commuter train to show up because the switches were freezing doesn't make for a fun January Monday, and being stuck for hours in a traffic jam due to an accident isn't much better.
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Mar 14, 2016 14:32
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Who are these psychotic assholes getting financing but waiving appraisal? Do never attempt to buy in Seattle....
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Mar 17, 2016 00:33
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You could really unload a lovely house for a lot of money in Seattle right now.
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Mar 17, 2016 00:49
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HEY NONG MAN posted:You could really unload a lovely house for a lot of money in Seattle right now. As someone who works in real estate in Seattle, I can confirm this is the case.
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Mar 17, 2016 00:54
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I had to waive the appraisal contingency on my offer to get my house in Dallas  . It appraised ~8.5k low, but luckily the market has made up more than that in the last year.
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Mar 17, 2016 03:08
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IllegallySober posted:As someone who works in real estate in Seattle, I can confirm this is the case. How insanely rich are you now, be honest
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Mar 17, 2016 04:06
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IllegallySober posted:As someone who works in real estate in Seattle, I can confirm this is the case. Is it you? Are you my loving realtor who keeps showing us poo poo we can't afford!?
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Mar 17, 2016 06:01
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Drunk Tomato posted:How insanely rich are you now, be honest Not at all, since I'm not licensed (I'm an operations manager, not an broker). TequilaJesus posted:Is it you? Are you my loving realtor who keeps showing us poo poo we can't afford!? Nah, I don't think so. Our brokers are pretty good about not showing clients homes above their price range (at least in comparison to a few others I know).
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Mar 17, 2016 20:18
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TequilaJesus posted:Is it you? Are you my loving realtor who keeps showing us poo poo we can't afford!? What was chapping my rear end was telling a realtor my top-end budget, them asking what my down payment was, me replying "20%", and them tacking 20% onto my top-end budget. No! That's not how it works! I have 20% for what I said to you, not what I said plus 20%! My wife and I fired like 6 realtors for this.
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Mar 17, 2016 20:42
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I bet those realtors deal with a lot of customers who take their preapproval number, tack on their down payment, and buy that much house. Since the preapproval is for the maximum sized loan, and the down payment is added to the borrowed amount to equal the amount of house they can buy. Not that that excuses the realtor, especially if they show you a house above your price after you say "this house is above our price" like what, they didn't hear you or something? I'm just pointing out why a realtor might be doing that math that way in the first place.
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Mar 17, 2016 20:46
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It really depends on the market too, there are a lot of markets where it's not uncommon to get a home for 15% below listing price. Granted, I know Seattle's not one of them.
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Mar 17, 2016 21:48
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I couldn't find anything in the OP and this thread is huge but I'm hoping to get some opinions on manufactured homes. I've been reading about the differences between modular and manufactured. Some say modular is just as good as site built, some say both are fine, and some say both are terrible and will depreciate rapidly. Some say the type of home doesn't matter, it's the location and market that matters. I plan on asking my realtor for his opinion but I'm not dumb enough to believe what he says, so I'm hoping people here might be able to share their experience. This is in the Austin TX area for reference, which is a completely insane market. We're having to go almost an hour from the city to find something affordable and the majority of the homes are not site built in these small towns. We've seen some very nice, well kept, late 90's manufactured homes and I'm just worried buying manufactured will be a huge mistake down the line if we need or want to relocate.
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Mar 17, 2016 22:24
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Andy Dufresne posted:I had to waive the appraisal contingency on my offer to get my house in Dallas I would do it if I had about 30k more cash on hand. At this point bidding 11% over listing I'm terrified of it coming in 20k low and being completely broke or losing my earnest money.
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Mar 18, 2016 01:43
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resident posted:I would do it if I had about 30k more cash on hand. At this point bidding 11% over listing I'm terrified of it coming in 20k low and being completely broke or losing my earnest money. Surely that'd fall under your financing contingency, so you shouldn't lose your earnest money?
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Mar 18, 2016 21:56
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No housing bubble to see here. Move along.
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Mar 19, 2016 16:48
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I'm new to this and probably still a few months away from seriously trying to buy, but I tried to go look at a house that seemed to check all the boxes. It popped up on Redfin on Tuesday, and by Thursday they had 5 offers above list price and weren't taking any more viewings. Definitely not a bubble.
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Mar 19, 2016 19:05
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One of my friends told me her boyfriend (Also my friend) and her bought a house last weekend. They looked at it and then were told to make an offer because the owners had already received one. She didn't really know any important details as he's handling everything but she did say they "waived contingencies" with their offer. 
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Mar 22, 2016 16:16
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We're also back at rock bottom interest rates again, that's probably heating up the market.
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Mar 22, 2016 16:29
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SpartanIV posted:One of my friends told me her boyfriend (Also my friend) and her bought a house last weekend. They looked at it and then were told to make an offer because the owners had already received one. She didn't really know any important details as he's handling everything but she did say they "waived contingencies" with their offer. Don't be fooled, kids, buying a house is fun and easy!!
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Mar 22, 2016 18:34
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Bubble 2.0? Or wait is this the third bubble now I can't keep them straight. Why does this poo poo keep happening in election years?
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Mar 22, 2016 18:37
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I'm in the middle of a cash-out refi and have property taxes due April 15th. I am expected to close in a couple days. The new mortgage company pre-funded about $3500 for property taxes into my escrow account to pay the taxes. Unfortunately my old mortgage company just paid the property taxes as well, so now I have an over-funded escrow account that I was planning on using for home improvements. Can I pull money out of the escrow account? Do I need to contact them or force a re-balance or something?
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Mar 22, 2016 18:46
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FCKGW posted:I'm in the middle of a cash-out refi and have property taxes due April 15th. I am expected to close in a couple days. The new mortgage company pre-funded about $3500 for property taxes into my escrow account to pay the taxes. Unfortunately my old mortgage company just paid the property taxes as well, so now I have an over-funded escrow account that I was planning on using for home improvements. Get them to change the escrow amount on the settlement statement by providing proof they were just paid before you close? Or don't close.
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Mar 22, 2016 18:52
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Elephanthead posted:Get them to change the escrow amount on the settlement statement by providing proof they were just paid before you close? Or don't close. Should probably say docs were signed Thursday so we officially closed I suppose, just nothing has funded yet. Looks like I can just call up the mortgage company and request a re-balance anyways and get the money sent back as a check.
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Mar 22, 2016 18:55
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I listed my house this week, for a solid six figures more than I paid for it 5 years ago. I'll pretty much get it, too. Real estate is hosed up.
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Mar 24, 2016 16:48
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slap me silly posted:I listed my house this week, for a solid six figures more than I paid for it 5 years ago. I'll pretty much get it, too. Real estate is hosed up. Man I'll be lucky if I can get it to appraise for $10k more than I paid; and that's after dumping way more than $10k into it. Do never buy.
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Mar 24, 2016 18:22
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Dwight Eisenhower posted:Man I'll be lucky if I can get it to appraise for $10k more than I paid; and that's after dumping way more than $10k into it. I had to take out a 32k loan to sell my condo after spending a lot of time and money upgrading it. Don't even think about buying. Man where I'd be right now if I could've even just walked away from closing without losing or making a cent 
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Mar 24, 2016 18:34
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Meanwhile in Seattle, Zillow just informed me that their estimate for my home value is literally 50% higher than the price I paid in 2012. That'd be cool if I was trying to leave the area but I'm not so all it means is my property taxes just got jacked way up.
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Mar 25, 2016 01:07
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Unfortunately you have to deal with those awful terrible dorky seahawks fans, so you should probably sell and move.
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Mar 25, 2016 02:04
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HEY NONG MAN posted:Meanwhile in Seattle, Zillow just informed me that their estimate for my home value is literally 50% higher than the price I paid in 2012. Well the tax rate should be reduced by the same amount but we both know they forget that part. Everyone at the assessors office gets a raise! Have you considered a house boat?
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Mar 25, 2016 14:51
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Is there a good program (preferably OS X) out there for creating a floorpan for a house along with placing furniture, marking things like electrical outlets, and other stuff someone might want to do upon buying and being about to move into a home?
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Mar 26, 2016 17:17
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Axiem posted:Is there a good program (preferably OS X) out there for creating a floorpan for a house along with placing furniture, marking things like electrical outlets, and other stuff someone might want to do upon buying and being about to move into a home? If you are already in the house, I've used MagicPlan before and it's worked pretty well. It's for iOS and if you want to export to PDF you need to pay $3 but you can keep the plans in the app for free while you play with it. http://www.sensopia.com/english/product.html
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Mar 26, 2016 17:41
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Sweet Home 3D is fun and easy.
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Mar 26, 2016 18:34
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Any amusing horror stories from the final walkthrough or something falling apart at closing? ENTERTAIN ME HOUSING THREAD
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Mar 28, 2016 02:32
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Pryor on Fire posted:Any amusing horror stories from the final walkthrough or something falling apart at closing? ENTERTAIN ME HOUSING THREAD From a WSJ story earlier this year: Joan Levinson posted:I go to close on a $3.25 million house in Paradise Valley and I am about to do the last walk-through with the seller. I get there first, walk in…and I smell [something] damp.
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Mar 28, 2016 04:20
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Okay I own a house! A duplex, to be precise. 48 days in escrow, closed 3 days late because of appraisal snafus. Purchase price of $710k, and the appraisal came in $675k. I disagree with the appraisal I think my purchase price is fair, but whatever. Seller's first reaction is telling me to get a new appraisal, cause a few new comps closed which support the higher price. My agent says no, no, let's close the deal. Surprising to me seller agrees to meet in the middle at a $700k. That means I have to come up with the cash for a higher down payment (which I can do but didn't want to), because bank will only finance 80% of the lower appraised value. At this point I get his signature to reduce to $700k, but I still don't want to put down the extra cash, so I go back to get a second appraisal, which my lender said he would cover the cost of. It was ordered as a "rush" but the appraisal management company essentially blew it off. Five days later I'm at scheduled escrow close date, and I say screw it let's just close. Lender rushes to get all loan docs ready, two days later I sign all final paperwork, and the next day I close. The duplex is occupied. I am kicking out one of the tenants out to owner occupy, and leaving the other tenants there (who have been there 6 years). They will cover approximately 60% of my monthly mortgage, taxes & insurance. And I get a nice 1,000 sq ft 2br/2ba for not too much money! And as soon as I save up another 20% down payment, I can move out of this one and owner occupy another duplex!
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Mar 28, 2016 04:47
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Stack that cheddar son. Trying to convince my wife to do the same here in a couple of years.
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Mar 28, 2016 04:51
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Speaking of final walk throughs, at least it seems par for the course buying occupied multi family, but I did not do a final walk through and no one even brought one up. I need to replace a couple kitchen pipes, and caulked the cracked fiberglass shower floor as a temporary fix before I move in and redo the shower. The only major issue is: leaking/not draining correctly AC evaporator unit in the attic. I knew that; however, when I just met the tenants for the first time they told me they discovered significant mold stains on the carpet, presumably because water was dripping from the attic down the walls to the floor and sitting and molding. This part scares me, but fingers crossed I can just remove some dry wall, replace any wood that needs replacing, and re-drywall. All cheap materials.
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Mar 28, 2016 05:11
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At a coffee shop eavesdropping on a lady trying to talk a young couple into an "innovative new product" that lets them cash in their 401ks to help cover the down payment on buying their first place. Bubble is real, prepare for the coming apocalypse.
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Mar 28, 2016 15:41
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Pryor on Fire posted:At a coffee shop eavesdropping on a lady trying to talk a young couple into an "innovative new product" that lets them cash in their 401ks to help cover the down payment on buying their first place. Bubble is real, prepare for the coming apocalypse. I'm waiting for it to hit so I can get a house in Chicago for under 500k 
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Mar 28, 2016 15:48
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