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Nothing will ever top the bedroom ceiling mirror with a furry waifu on it. Realtor had no explanation. Just said "they hung it with command strips so it shouldn't damage anything when they take it down".
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Jul 10, 2019 20:06
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FreelanceSocialist posted:Nothing will ever top the bedroom ceiling mirror with a furry waifu on it. Realtor had no explanation. Just said "they hung it with command strips so it shouldn't damage anything when they take it down". ...but you'll always know it was there, and what must have transpired in that room. Will it ever feel truly clean?
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Jul 10, 2019 20:45
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GoGoGadgetChris posted:Husband didn't think it felt Homey Is your place staged? You should totally get it staged if it's empty.
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Jul 10, 2019 20:57
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Leperflesh posted:Is your place staged? You should totally get it staged if it's empty. I think I am the only person who wants an American Psycho style showing where they've cleared out everything and painted all the walls white.
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Jul 10, 2019 21:00
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Chitin posted:Slow for Portland a year or two ago. The market isn't that fast here anymore. Portland OR? I put in an offering in the house (that I'm now closing on in a week and a half) 6 hours after the house went on the market.
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Jul 10, 2019 21:28
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Yeah the house I bought in Portland OR in June received 4 offers above asking within 24 hours
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Jul 10, 2019 21:33
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I found a chalet I'd like to buy in the val d'anniviers, it's newly built and basically has everything I want. Off to speak with my bank tomorrow, because Switzerland is a bit backwards I have to go in person and speak with my account manager in the suspiciously swanky offices in Lausanne. Latest weirdness is that Swiss mortgages are all interest-only and if you have over a certain amount of equity there's no requirement to pay off the capital. The rates are also quite low, a 5-year fixed rate is 0.89%. Fun times.
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Jul 10, 2019 21:38
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knox_harrington posted:I found a chalet I'd like to buy in the val d'anniviers, it's newly built and basically has everything I want. Off to speak with my bank tomorrow, because Switzerland is a bit backwards I have to go in person and speak with my account manager in the suspiciously swanky offices in Lausanne. I can’t find that region in the 2019 UBS Alpine Property report, but are those mortgages available to foreigners? Edit: Is Crans-Montana close? crazypeltast52 fucked around with this message at 21:59 on Jul 10, 2019 |
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Jul 10, 2019 21:57
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knox_harrington posted:I found a chalet I'd like to buy in the val d'anniviers, it's newly built and basically has everything I want. Off to speak with my bank tomorrow, because Switzerland is a bit backwards I have to go in person and speak with my account manager in the suspiciously swanky offices in Lausanne. *Blinks, pulls cigarette from mouth and gestures toward post* What the hell was that?
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Jul 10, 2019 22:03
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Crosspost from some other thread but Switzerland does things with homeownership that other countries don’t (such as imputed rent) that reduce the economic attractiveness of being a homeowner. Be careful about reading too shallowly at those rates and terms.
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Jul 10, 2019 22:05
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I'm trying to remember if it was this thread or the home ownership thread where I talked about Switzerland. But yes, people get forever mortgages there and then pay interest only. The rates can't be locked though, and can swing up and down. People also get taxed on the expected rental value of their home even if they're owner occupied. Rental prices can only be increased with accordance to increases in the mortgage interest rates as well. It's a complicated system, but most Swiss hide their money in real estate so it's probably not a bad deal.
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Jul 10, 2019 22:15
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Pander posted:Portland OR? Depends on the neighborhood. Well-priced houses in desirable areas are still going very quickly, but the market overall is slowing down from where it has been. Walk around Saint Johns, for example, and you'll see signs that have been up for a month or two, and there's definitely more inventory in general. The market also moves faster in the summer no matter where you are. People don't like to move their kids in the middle of the school year.
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Jul 10, 2019 22:20
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FreelanceSocialist posted:Nothing will ever top the bedroom ceiling mirror with a furry waifu on it. Realtor had no explanation. Just said "they hung it with command strips so it shouldn't damage anything when they take it down". For me it was "bathroom with his & hers sinks... and toilets"
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Jul 10, 2019 22:26
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FreelanceSocialist posted:Nothing will ever top the bedroom ceiling mirror with a furry waifu on it. Realtor had no explanation. Just said "they hung it with command strips so it shouldn't damage anything when they take it down". This is actually a very strong plus to me if I were buying a house again. The furry waifu is a detractor for a bunch of other people who want to buy the house, thinking it is odd, so the number of offers will be fewer. Replacing a ceiling mirror or re-painting is one of the easiest things that you can do, and as an owner it's likely you're going to do that to any house you buy anyway. So there's less competition, and if the actual structure of the house is good, then more value that you will be able to purchase.
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Jul 10, 2019 22:56
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I cannot imagine what a non-internet-savvy person would've thought when confronted with a nude anthro skunk on the ceiling. There were other reasons not to put an offer in on that place.
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Jul 10, 2019 23:09
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FreelanceSocialist posted:I cannot imagine what a non-internet-savvy person would've thought when confronted with a nude anthro skunk on the ceiling. There were other reasons not to put an offer in on that place. Hell, that's a value add for me. Name a conversation piece more effective than that? Anyway, I'm running into a wall with all these banks that demand 25% down on a 4-family. I think someone here said I might be able to use the condos I own free and clear as collateral? Assuming a downpayment is 200k and I put down 300k in owned condos as collateral instead, would that mean that I shouldn't be paying PMI because the bank is more than covered if I default? edit: Some reading suggests that the bank will put a lien on my condo collateral, so I'm basically stuck paying them monthly payments whether it's PMI or the lien? Zero VGS fucked around with this message at 23:30 on Jul 10, 2019 |
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Jul 10, 2019 23:15
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FreelanceSocialist posted:I think I am the only person who wants an American Psycho style showing where they've cleared out everything and painted all the walls white. I did this, but off white, and had my first offer before it was listed. E: depends on the person and type of house. Mine was a narrow townhouse that looks cramped unless you have just the right furniture. The house I put an offer on was furnished as it is still lived in and it helped me get a sense of how much I can put in the rooms. I found the furnishing helpful, but it was not overly furnished.
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Jul 10, 2019 23:50
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Zero VGS posted:Hell, that's a value add for me. Name a conversation piece more effective than that? If you collateralize something it will have a lien against it. You're getting into specialized underwriting, so the only way to solve this is with a relationship with a bank. The lien is the same as any other one, the bank just says "We have an interest in this title and it cannot change hands unless we say so" - then you have a contract with the bank which spells out how the lien is removed, the value of said lien, etc. If you default on your 4-plex mortgage, and the debt cannot be settled by that 4-plex then they foreclose on your condo to settle the debt. If you sell the condo, the bank gets their cut of the proceeds first or blocks the sale. Edit: You need an attorney if you don't already have one. If you don't already have it, you need some Co's/LLC's to own all this property. It's all just contracts between your corps and the bank. If you're lucky, you can do all of this without a personal guarantee.
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Jul 11, 2019 00:04
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rujasu posted:For me it was "bathroom with his & hers sinks... and toilets" I bet one used to be a bidet. Gadget needs to lower his price or offer a credit back for $10k or something. That's all the "buyer" sniveling is about.
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Jul 11, 2019 00:11
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DNK posted:Crosspost from some other thread but Switzerland does things with homeownership that other countries don’t (such as imputed rent) that reduce the economic attractiveness of being a homeowner. Be careful about reading too shallowly at those rates and terms. The mortgage interest rates have everything to do with the comparative yield of Franc denominated government bonds (currently negative about 50bp 10 year) and nothing to do with the tax policy towards home ownership
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Jul 11, 2019 00:36
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Zero VGS posted:Hell, that's a value add for me. Name a conversation piece more effective than that? I doubt many if any banks are going to want to dick around with this kind of multi collateral loan unless you are a special client for some other reason but because this is non-conforming underwriting it is all a matter of what you are able to negotiate. I will suggest however that taking out a HELOC or a cash out refinance on one of these condos you already own in order to produce a downpayment and seeking a conventional mortgage on the fourplex is going to be the easiest and most favorable course of action.
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Jul 11, 2019 00:41
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crazypeltast52 posted:I can’t find that region in the 2019 UBS Alpine Property report, but are those mortgages available to foreigners? white person spotted
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Jul 11, 2019 02:14
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B-Nasty posted:Be sure that they verify the washing machine water valves don't leak after they disconnect the hoses. These are frequently crappy gate valves that haven't been operated in decades (or how ever old the washer is), and if they turn them 'off' to disconnect the hoses, it may not close all the way or it may leak from the packing nut. Probably just a small drip, but if they disconnect and move out and it drips for days before closing, that could be a problem. This is *literally* what happened and the sellers are paying for the repair now.
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Jul 11, 2019 02:50
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torb main posted:Thanks for the advice! We were one of the victims of the Jackson County appraisers - our property tax increase was about 40% which is one of the factors I think that made the Zillow estimate so ridiculous regardless of its lack of accuracy normally. Of course our old appraisal was hilariously low so I'm not that angry about it, but it still sucks. No problem, happy to advise! I'm glad that you didn't get hit with the massive tax increase too; it seems like a rather impressive jump for a lot of people. And it seems in recent days that they're even going to be going back and looking at (or even scrapping) the recent appraisals so who knows? May be a benefit for you down the line here. Also considering the area that you're mentioning, I'm not surprised at all to see almost everything selling right at (or even before) hitting the market. While I'd like to believe that the market is going to slow down or allow for some of the smaller buyers to get a fairer shot, it personally still feels a bit like an uphill climb that never ends. (Part of that is just truly the county being the way that it is though as you and I both know with this market) But yeah, knowing what your area is, I'd definitely try to hold onto your house and have friends rent it out. That area keeps booming especially being so close to all 4 of those cities (PV is growing like crazy especially with all of the teardown/rebuilds) and that's very much to your benefit. If you love it and you can keep it, I think it'll be something you'll be happy to come back to after your trip abroad is complete.
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Jul 11, 2019 03:23
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crazypeltast52 posted:I can’t find that region in the 2019 UBS Alpine Property report, but are those mortgages available to foreigners? I'm a foreigner but resident in Switzerland and work here so yes the mortgages are available to me at least. I think anniviers does make it into the UBS report but only very obliquely Crans-Montana is across the other side of the Rhône Valley and is a bit of a dump, failure of planning policy. I'm looking at Grimentz which is kind of the opposite, little traditional village but there's good skiing and it's also busy in summer. I took this last summer, Grimentz is just the other side of the lake 
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Jul 11, 2019 06:56
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I close in a couple weeks, but repairs have been negotiated, the appraisal came in a bit over contract price, and the loan is in the first clear to close stage. Everything has been smooth so far, but I can’t help feeling that it’s all going to fall apart at once.
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Jul 11, 2019 14:26
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 Big thanks thread! I wasn't posting or anything, but while looking at houses I did a boatload of reading through the stuff in the OP. Holy crap, the difference a few what feel like small adjustments to numbers can make. We went with a house that cost a chunk less than we were originally budgeting for, did a 15 year mortgage, and got a 2.99% interest rate and 3.5% APR. Wife is happy with the home, I'm happy with the numbers. I bet anything if we just rolled in to a bank blind and asked what a reasonable budget was and signed whatever loan terms they threw out, we could've literally paid the cost of a second house extra.
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Jul 11, 2019 15:52
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A house we liked was listed Tuesday, with an open house scheduled for tonight at 5:30 - our realtor said we should go to the open house but he'd try to get in touch with the listing agent in the meantime (no luck) An hour ago the open house was cancelled and the house is showing up as contingent This irks me so much even though I can only assume they got an offer for full list price or above Why would you do something like that?
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Jul 11, 2019 18:12
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Deceptive Thinker posted:Why would you do something like that? I can think of a lot of possibilities and they mostly come down to a shady/lazy selling agent. E.g. the agent got a list price offer and figured why waste the night at an open house, so they convinced the seller to cancel it.
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Jul 11, 2019 18:16
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Open houses suck for everyone involved and honestly mostly exist for agents to drum up clients. In your case one or both agents dropped the ball. If they got an offer they liked the standard way of handling it is to tell all interested parties that offers will be evaluated at X time on X date to give you a chance to tour the home and bid.
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Jul 11, 2019 18:24
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Andy Dufresne posted:Open houses suck for everyone involved and honestly mostly exist for agents to drum up clients. In your case one or both agents dropped the ball. If they got an offer they liked the standard way of handling it is to tell all interested parties that offers will be evaluated at X time on X date to give you a chance to tour the home and bid. All of the houses we've been to that are "just listed" won't even entertain private showings until after the first open house. They've followed the pattern of "post Thursday/Friday, open house Saturday/Sunday, offers open until Monday/Tuesday" I guess that's why I'm so irritated
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Jul 11, 2019 18:29
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Deceptive Thinker posted:All of the houses we've been to that are "just listed" won't even entertain private showings until after the first open house. They've followed the pattern of "post Thursday/Friday, open house Saturday/Sunday, offers open until Monday/Tuesday" That is a little bit strange. Maybe it's regional but I've never been told to wait for an open house before showing. We scheduled several viewings directly before/after open houses because we didn't want to be there with everyone else. ETA: Open houses don't include things like disclosures, which is why they were kind of useless to us in an area with tons of expensive foundation issues. Andy Dufresne fucked around with this message at 18:54 on Jul 11, 2019 |
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Jul 11, 2019 18:51
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That's very common in Southern NH. It's a pain in the rear end.
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Jul 11, 2019 18:55
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Andy Dufresne posted:ETA: Open houses don't include things like disclosures, which is why they were kind of useless to us in an area with tons of expensive foundation issues. must be a regional thing then for sure - every open house we've been to the realtor has at least one reviewable copy of the disclosures, if not multiple copies passed out along with the listing sheet/details
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Jul 11, 2019 18:59
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I'm surprised if a place I'm interested in even gets an open house in my market. Decent places under $200k go contingent in 3-4 days tops, often times less, and I'd guess only about 25% schedule an open house.
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Jul 11, 2019 19:04
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Andy Dufresne posted:That is a little bit strange. Maybe it's regional but I've never been told to wait for an open house before showing. We scheduled several viewings directly before/after open houses because we didn't want to be there with everyone else. i think that locking people out of touring the house might even be illegal here (minnesota). once a property is listed in the computer systems that real estate agents have access to, any one of them can "show" that house to a buyer client of theirs
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Jul 11, 2019 20:46
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Got to love needing to find another agent because the one you had fell off the face of the planet. Any tricks of the trade or helpful hints that I could pawn off of you all? This whole process has left me frustrated and rather dejected and now that I have a couple of free days, I might as well tackle this now. (I did check the first few posts but most are long dead links) (I do have a couple of people who had been recommended to me but perhaps I need to look at this through another angle before just latching onto "oh this person would be great for you" etc.)
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Jul 12, 2019 01:36
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Seiyal posted:Got to love needing to find another agent because the one you had fell off the face of the planet. For WHAT? Buyer agent or seller agent? Have you signed anything?
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Jul 12, 2019 02:07
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I saw a house today that within about 10sec went from me being sure I would put in an offer at $5k over asking, to completely losing interest, thanks to the extremely obvious signs that the owner/occupant of the last 10 years or more has a 3 pack a day smoking habit. They pulled up all the carpet and painted every surface, but oh my god the smell. That and the disgusting black grime in every crack and crevice. I touched a kitchen light switch and it was sticky. Ew ew ew. The market is insane here so this will probably still sell, in two weeks instead of two days, but goddamn. I've been looking for what feels like forever but somehow this is my first smoker house.
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Jul 12, 2019 02:24
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Motronic posted:For WHAT? Buyer agent or seller agent? Have you signed anything? Oh believe me, yeah this has taken quite a turn, but some quick details first. To keep this from being an extra long story, they had to take some time off due to some sudden health issues. As I'm not in a super rush to purchase, I took the time to continue looking on my own while they worked out what they needed to do. Time passes and while I'm still looking, stuff (in hindsight) starts piling up. Emails of listings stop coming. Communication stops altogether (even though I leave messages and emails). This all leads me to stopping into the agency and asking questions in person. I get pulled into a room and told point blank that there's no agent by that name at the agency. At all. They of course are happy to suggest any number of their agents but I politely tell them that I need to think things over and quickly leave. Obviously, in hindsight, the emails should have been my first (and only) clue. With whatever happened here, I would think that I'm in the clear and can just (unfortunately) start over but I can't say that this didn't still floor me a bit. And the cherry on top of everything? While I was writing this, I went and looked back at my records and found the agent agreement. The kicker? Oh it's not a 60-day or a 90-day one. It's a year...long...agreement. Seiyal fucked around with this message at 02:53 on Jul 12, 2019 |
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Jul 12, 2019 02:50
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