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Democratic Pirate posted:Sounds like your realtor should have been more on the ball about knowing what was going on with the sellers and updating you accordingly. Most realtors are much to busy having $500 lunches for that, lol.
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Sep 22, 2019 13:25
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| # ? May 31, 2024 08:16 |
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rip that realtor sucks.
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Sep 22, 2019 19:04
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Had a home/septic inspection done. I don't know how long it will take me to unsmell the septic. It was somehow both not as bad and so much worse than I expected. Nothing serious wrong with the house. Biggest thing is the deck that I figured was a teardown due to it being racked to hell is also a tear down due to rotting joists. I have to get a chimney guy and a carpenter out for estimates on some of the minor things, and I never heard back from the hardscaper who was going to check the retaining wall. No railroads discovered on the premises, but we did find a tank full of poo poo burried nearby.
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Sep 23, 2019 23:17
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Thread, help me see if I'm being unreasonable. After inspection we sent over a pretty small list of things to be fixed, slow/broken drains, GFCI issues, and a few other things. At this point they are saying they won't fix broken thermal seals on 6 windows because "We contacted window companies that said this type of issue was cosmetic. We are not fixing or replacing windows." They're not replacing the roof neoprene seal on a plumbing stack because they say it has "never leaked". They said they won't seal a foundation crack that has "Small crack has never leaked any water and runs above the ground level line." Finally, they say that this romex going down a concrete wall "passed municipal inspection" so they won't fix it.  That part I'm really annoyed about. On one hand the remaining fixes are probably like $1500 on a $510k purchase; seems small to blow up a deal on it. But on the other it's dumb of them to risk a deal over $1500. They are carrying two notes right now and I have an open-ended free lease at a family place, so I'm trying to figure out how much leverage I should press. I'm thinking about just asking for credits for the $1500 and if not send them a signed mutual release and see if they call (by signing it). If the release happened it goes back on the market (which it was on before for 4 months) and I'm out $2500 in sunk costs for inspections and a land survey. Are there any thoughts or things I'm missing? Hed fucked around with this message at 02:18 on Sep 24, 2019 |
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Sep 24, 2019 02:15
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Hed posted:Thread, help me see if I'm being unreasonable.
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Sep 24, 2019 02:22
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Compared to the market? It was listed in May at 575 and had three price drops until we came in at 500. We met them halfway at 510 but went best and final because I really wouldn't pay any more for it. One thing I was curious is is there any chance if I roll the dice that our agents come up with the $1500 difference out of their combined $30k commission? Or can I do anything with the obviously not to code wiring? e: agree with you they probably don't have the cash on hand. I'm wondering if that means it won't succeed to ask for credits, or if the funds flow is far enough in the future it will be fine since that's part of a windfall.
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Sep 24, 2019 02:38
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"give us $700 and we'll call it good" or whatever other number you feel like tossing out. At this point it comes down to gambling and how much you're prepared to lose. I suppose you could also straight up ask your agent to take it out of their fee. Worst case they say no.
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Sep 24, 2019 02:51
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Tbqh if you've already spent $2500 out of pocket on this place, it seems kind of insane to me that you'd think of walking for that list of pretty minor things. Ask for a $1500 credit, worst thing they can do is say no.
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Sep 24, 2019 03:45
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Hed posted:Thread, help me see if I'm being unreasonable. These are the types of very minor things that come up on every inspection. It's unreasonable to ask them to fix them (IMO), it's totally reasonable to ask for the money so you can fix them. The Romex one is the only one that seems weird to me, but it shouldn't be that difficult of a fix.
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Sep 24, 2019 12:08
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If you ask for credit you also get control over who comes in to do the fixes.
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Sep 24, 2019 13:21
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Hed posted:At this point they are saying they won't fix broken thermal seals on 6 windows because "We contacted window companies that said this type of issue was cosmetic. We are not fixing or replacing windows." They're not replacing the roof neoprene seal on a plumbing stack because they say it has "never leaked". They said they won't seal a foundation crack that has "Small crack has never leaked any water and runs above the ground level line." You can try to negotiate for some money back (don't ask them to fix), but those are really minor issues. The orange Romex can be stapled to those floor joists for about $1 and 5 minutes of your time. The line running down the wall requires a bit more effort to put in conduit and drill into the cement to anchor it, but still very DIYable. That outlet probably needs to be a GFCI anyway, so you could fix all that in one shot. Pipe collars are also easy if you have a ladder; you can usually just buy the rubber collar iteself (https://www.homedepot.com/p/IPS-5-75-in-x-5-75-in-PVC-Base-Vent-Pipe-Flashing-with-Adjustable-Rubber-Collar-in-Black-CMIRC31/206792286), which is what usually cracks in the sun. Smear it with roof adhesive and push it down over the old one. If you like the place, these are extremely trivial items that fall well within the realm of stuff you'll need to learn how to DIY, or you'll need to get used to paying a handyman to come and do for you. Any home is going to have some quirks, and trust me, you haven't discovered all of them from that inspection. After a few months of living there, you'll find plenty more to fix.
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Sep 24, 2019 13:36
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Thanks guys. After sleeping just asking for credits. I know they’re an easy fix, but that electric running down the basement screams worse than grover to me. Also I was secretly hoping to bring back WindowChat.
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Sep 24, 2019 15:41
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Hed posted:I know they’re an easy fix, but that electric running down the basement screams worse than grover to me. It's definitely a 'Joe Homeowner' install, but it's not an imminent threat to life and property, as long as you're careful not to snag or damage the Romex. However, things like that show that a previous owner was a DIYer that didn't necessarily have a good understanding of the right way of doing things. Hopefully they didn't touch too much and your inspector was sharp.
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Sep 24, 2019 16:15
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Does anyone here understand water quality results and LSI calculations? I have results, and it looks like the alkalinity is low for what is recommended, but the pH is smack dab in the middle of the range. I'm not sure if the low alkalinity is an issue even if pH is okay. There's apparently a scale (LSI) that factors in conductance, pH, alkalinity, and hardness, but I don't understand what it's asking for. I'll probably give the lab a call tomorrow, but you never know what gem of knowledge Motronic will drop on you.
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Sep 25, 2019 01:45
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Can someone explain in layman’s terms what a regulatory floodway is? Noticed a house we’re eyeing is in Zone AE, so automatically I’m not cool with that But if I was cool with it, what would that mean exactly
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Sep 25, 2019 05:12
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My mortgage broker just told me my loan has been "final approved". I guess there's still time for them to hit me with a bunch of last minute requests, but I didn't end up having to provide any details at all about my zillions of credit card and online bank accounts! 
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Sep 25, 2019 15:44
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My appraisal inspection is happening right now and the guy spent 20 minutes outside with a measuring tape on every wall and 45 minutes and counting inside with a measuring tape in every wall, bump out, closet and alcove
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Sep 25, 2019 18:49
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Man I just got a 2.875% quote on a 15 year fixed loan, 80/20. Rates...going down?
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Sep 25, 2019 19:49
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Residency Evil posted:Man I just got a 2.875% quote on a 15 year fixed loan, 80/20. Rates...going down? Will you just lock in already. The lowest ever was like 2.5%, I'd stop gambling and just do it.
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Sep 25, 2019 20:33
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skipdogg posted:Will you just lock in already. The lowest ever was like 2.5%, I'd stop gambling and just do it.
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Sep 25, 2019 20:43
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That's better than me. I got quoted 3.625% on a 30 and was offered a lock with one time float down, and I said lock it. I get the docs today and it's locked 3.875%. They still quote 3.625% with their tool. They will have to resolve this if they want my mortgage.
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Sep 25, 2019 22:28
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I paid 1.17 points to drop from 3.625 to 3.25 on a 30 year. How long do you typically wait for residential appraisal results after the inspection?
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Sep 25, 2019 22:30
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Mr. Powers posted:That's better than me. I got quoted 3.625% on a 30 and was offered a lock with one time float down, and I said lock it. I get the docs today and it's locked 3.875%. They still quote 3.625% with their tool. They will have to resolve this if they want my mortgage. Enjoy using your one time float down right now. (That's obnoxious.)
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Sep 25, 2019 22:46
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H110Hawk posted:Enjoy using your one time float down right now. (That's obnoxious.) That'll be a condition of them getting my business: this needs to not count as the float down.
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Sep 25, 2019 23:55
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 Even the lender isn't sure what they're asking for here...
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Sep 26, 2019 00:31
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GoGoGadgetChris posted:
They want a copy of the payoff statement to confirm you aren't 30+ days late on your current mortgage, most payoffs show either the date of the last payment made or you can work it out from how many days worth of interest the payoff statement is asking for. Your online mortgage statement showing last payment made will probably also work, though YMMV depending on your new lender as this is a kinda dumb way to verify that info as it is.
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Sep 26, 2019 00:45
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Captain Windex posted:They want a copy of the payoff statement to confirm you aren't 30+ days late on your current mortgage, most payoffs show either the date of the last payment made or you can work it out from how many days worth of interest the payoff statement is asking for. Your online mortgage statement showing last payment made will probably also work, though YMMV depending on your new lender as this is a kinda dumb way to verify that info as it is. But Captain Windex, I don't currently have a mortgage!! And the house I'm buying (Subject Property) also does not currently have a mortgage tied to it...
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Sep 26, 2019 00:56
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Well, that's weird then. I could see asking for it then if it was a non arm's length transaction as it's a way of verifying it's not a bailout situation but if they already have the preliminary title work they should know that there isn't an existing mortgage. Could just be a canned requirement that the underwriter forgot to remove/waive before approving the loan.
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Sep 26, 2019 01:26
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I am curious to see if the appraisal comes back at $641k (what I'm buying it for) or $648k (recorded sale price when my parents purchased it 3 months ago). The realtor kicked in $7k of their commission to 'make it happen' but the appraiser shamefully did not ask for any information on the sale that occurred THREE MONTHS AGO
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Sep 26, 2019 01:30
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When was the mortgage on your previous property paid off? Could they be asking for documentation of that?
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Sep 26, 2019 02:02
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If a loan is already fully underwritten and we've reserved funds back to cover the difference of a surprise under-appraisal are there any other large risks to waiving loan and appraisal contingencies?
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Sep 26, 2019 02:19
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Will a good credit score improve my ability to purchase with a smaller down payment? I'm in a situation where I have great income (110k), great credit (800+), but minimal liquid cash beyond my emergency fund.
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Sep 26, 2019 02:42
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gently caress buying a house. I'm trying to arrange contractors to come in and perform inspections and the seller is uncooperative. I sent a carpenter trespassing on the property earlier because my realtor told me "Yeah, have them show up at 4" and then when the carpenter was available said "No, tomorrow night". Since they were already in the area and had driven about an hour to get there, I asked them to go back to the seller with that. The seller's agent said "yeah, just tell them to go check it out" (since it is only the exterior). Turns out that was the seller's agent making the judgement call, and so there was a whole big thing because of that. The final time I was given to have contractors come do specialist inspections was Friday at loving 6PM. I had to yell at my realtor for giving me bad information twice today and told her that if I can't actually get inspections done, I'm willing to nuke the deal. The seller needs to accommodate. Now the request for everything is "seller to arrange inspection of X by licensed Y and perform any recommended repairs" rather than me taking care of it for them and making specific requests. This was all happening while I was discovering a quarter point difference in the rate I mentioned earlier. With all the other houses I've posted about, it's always had some ridiculous thing. "This house would be great if not for..." "the transfer station" "the railroad tracks" "the mere feet from the front door". I guess in the case of this house it's "This house would be great if not for the person selling it."
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Sep 26, 2019 02:56
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Mr. Powers posted:I guess in the case of this house it's "This house would be great if it weren't for sale." People are awful. Aren't you glad you're paying these jokers 6% of the sale price? 
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Sep 26, 2019 03:05
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I can't believe realtors get that much or are even a thing anymore. I navigate bureaucracies and sign paperwork at my day job, Ive practically been practicing to be my own realtor too.
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Sep 26, 2019 03:14
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I own a couple rentals so I was considering just studying for the Realtor thing myself. It's allegedly a few hundred bucks and can be done in a few weeks? Maybe I can moonlight as an agent. I guess you can be your own agent when buying a house like that once or twice before they start looking at you funny?
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Sep 26, 2019 03:22
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a dingus posted:I can't believe realtors get that much or are even a thing anymore. I navigate bureaucracies and sign paperwork at my day job, Ive practically been practicing to be my own realtor too. It is absolutely mindboggling to me that a job where so much of the core function has been replaced by an app, pays that loving much. Of course then you get the listings where a Gin-You-Wine Realtor has clearly decided that they can do it themselves without a professional photographer because they've got an iPhone.
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Sep 26, 2019 05:35
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I'm looking forward to the notary getting 3% of my purchase price for what appears to be 30 minutes work.
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Sep 26, 2019 10:24
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IOwnCalculus posted:can do it themselves without a professional photographer because they've got an iPhone. oh god i'm having flashbacks to some awful listings So, I'm now re-locked at 3.625%. They claim it was an honest mistake and the person hit the wrong rate (they have higher rates you can opt for lower closing costs).
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Sep 26, 2019 13:10
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| # ? May 31, 2024 08:16 |
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knox_harrington you have no idea how jealous I am of you. I've cycled in that region and Grimentz is really lovely. Good skiing and hiking up above moiry. I was looking to buy when I first moved to Switzerland but in Geneva it's more or less impossible. Funnily enough I'm heading in the opposite direction now to the UK. Made an offer today  I went in at 10% under the listed value, given sales have slowed, it's listed quite a bit higher than similar sales in the area and this place has been on the market for well over a month. The owner didn't sound happy but I'm paying in cash and I'm not relying on the sale of property here so I've all the time in the world. The agent asked me to nudge it up a bit but I'll let them stew and see if they change their mind.
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Sep 26, 2019 21:00
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