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not complicated like you need to be a genius to figure out but complicated as in it's easier to just hire a lawyer who knows who to call to move things along because otherwise you start the buying process in march and finish in October lol
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May 18, 2023 19:40
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Beached Whale posted:congrats on the move to beautiful Cranberry, Pennsylvania PFC! It's Crafton
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May 18, 2023 19:48
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Bar Ran Dun posted:if you want to be paranoid and not sleep look into what happens with incidents of wire fraud occurring related to the sale and purchase home. Buying a $3 pack of zip ties on amazon: - end to end encryption - certification authority identifies both ends of the transaction - payment processor can stop fraudulent transactions - pre and post payment authorization and clearance Sending a cool hundred g to own a home: - yeet
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May 18, 2023 20:35
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The Oldest Man posted:Sending a cool hundred g to own a home: the best part is they’ll send you the video of how to do it safely and correctly… then get so pissed at you for doing those things.
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May 18, 2023 20:41
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Y'all don't have a cashiers check cut and walk it into the title company and get a receipt of delivery from the title company?
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May 18, 2023 20:45
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Bar Ran Dun posted:if you want to be paranoid and not sleep look into what happens with incidents of wire fraud occurring related to the sale and purchase home. spill the beans
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May 18, 2023 20:46
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NYC people hire attorneys for everything, it’s attorneys all the way down
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May 18, 2023 20:54
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Woodsy Owl posted:Y'all don't have a cashiers check cut and walk it into the title company and get a receipt of delivery from the title company? i thought that's the way everyone did it tbh
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May 18, 2023 20:58
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Pittsburgh Fentanyl Cloud posted:i thought that's the way everyone did it tbh Same, that's what we did. I think there was an option for wire transfer but I'd rather hand deliver it for my own peace of mind.
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May 18, 2023 21:02
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Ornery and Hornery posted:spill the beans people lose their down payments to scammers doing wire fraud without recourse. Woodsy Owl posted:Y'all don't have a cashiers check cut and walk it into the title company and get a receipt of delivery from the title company? it’s the size of the down payments now. the first two time I bought a house my bank was my originator so no biggie. this time they wouldn’t accept a check in any form, even a cashiers check. it had to be by wire transfer or it was a you don’t get the house and they keep earnest money ( which was a large amount of money) situation. it was extremely unpleasant.
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May 18, 2023 21:05
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Bar Ran Dun posted:it was extremely unpleasant. C-SPAM > The housing market - it was extremely unpleasant
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May 18, 2023 21:13
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Woodsy Owl posted:Y'all don't have a cashiers check cut and walk it into the title company and get a receipt of delivery from the title company? I wanted to do this but they wouldn’t tell me how much to make the check for until like 1 day before I needed to pay so I had to wire it. I wasn’t happy.
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May 18, 2023 21:44
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For real where do you guys live where having a lawyer to close on a house is a standard thing. Even BFC’s housing thread just mentions them as a maybe nice to have if you feel like it thing that no one does and mostly just warns you to make sure you get title insurance.
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May 18, 2023 22:18
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Thoguh posted:For real where do you guys live where having a lawyer to close on a house is a standard thing. Even BFC’s housing thread just mentions them as a maybe nice to have if you feel like it thing that no one does and mostly just warns you to make sure you get title insurance. BFC constantly tells people to hire a lawyer, they are one of two people in the process who is completely on your side during the transaction. The other being maybe the inspector you hire.
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May 18, 2023 22:23
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in nyc there's a contract with almost every real estate transaction. hence the attorney. and similar to above, in all your interactions with a seller, the seller's agent, your bank, even your own agent, etc., there is no one with your interests explicitly in mind. hence, the attorney. a real estate attorney has done this a million times, there's no "oh, well, forgot about that thing" practically, i can see why not everyone would need an attorney in a relatively "vanilla" closing elsewhere in the country. However, at the moment something isn't vanilla... i'd rather have an attorney. beyond that, buying a home is the largest transaction most people will ever make. and you're the one with the money. don't you want to do everything you can to make sure everything is kosher, given that everyone wants that money?? e: the lien check mentioned earlier is part of it too. your bank will check. probably. But your attorney WILL check. JAY ZERO SUM GAME has issued a correction as of 22:42 on May 18, 2023 |
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May 18, 2023 22:39
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Thoguh posted:For real where do you guys live where having a lawyer to close on a house is a standard thing. Even BFC’s housing thread just mentions them as a maybe nice to have if you feel like it thing that no one does and mostly just warns you to make sure you get title insurance. tbh, surprised there are places where hiring a lawyer for a home sale is not the norm. I’m from massachusetts.
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May 18, 2023 22:40
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the REALTOR form contract of sale for a house is sufficiently straight forward you should not normally need a lawyer on a typical slaw
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May 18, 2023 23:14
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Realtors are hosed up evil creatures I wouldn't trust them to open a door for me without loving me up.
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May 19, 2023 02:06
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I got a lawyer to deal with buying a condo and it was nice, he was super old school and had personally written a bunch of the standard contract language that is used in every home purchase around here (Chicago). a representative was at the closing too to go through the paperwork with us. and I joined my companies group legal plan so outside of that $160/year cost it was completely free. would recommend it to everyone buying property
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May 19, 2023 16:22
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Celexi posted:Realtors are hosed up evil creatures I wouldn't trust them to open a door for me without loving me up. The realtor I used when I bought this place went to jail a week after the closing for embezzling millions from her day job
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May 19, 2023 16:28
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one of the people in the townhomes here writes the worst blog everquote:ON MY TOES – The Unexpected Soundtrack of a Pedicure
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May 19, 2023 17:00
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CongoJack posted:BFC constantly tells people to hire a lawyer, they are one of two people in the process who is completely on your side during the transaction. The other being maybe the inspector you hire. it does seem nice to have someone who is actually on your side (lawyer), as compared to everyone else in the process who is tryna rip you off!!!
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May 19, 2023 17:03
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It's not like the lawyer gets paid on close like your realtor and seller do. If they have their retainer fee why shouldn't they be unbiased?
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May 19, 2023 17:20
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house sales are pretty routine if the contract is not form or they put wacky poo poo in the form contract then hiring an attorney makes a lot of sense there is no downside in general other than paying 200$ or whatever
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May 19, 2023 17:52
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$55 for a pedicure? FOH
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May 19, 2023 17:56
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euphronius posted:if the contract is not form or they put wacky poo poo in the form contract then hiring an attorney makes a lot of sense seller’s have been doing wacky poo poo in this market.Also most real estate agents are sloppy and lazy liars.
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May 19, 2023 17:59
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Willa Rogers posted:$55 for a pedicure? FOH he also has a miniature schnauzer that he refuses to train to stop barking
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May 19, 2023 19:47
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6.57% baby https://fred.stlouisfed.org/series/MORTGAGE30US/ can't believe i don't want to move within walking distance of work https://www.zillow.com/homedetails/1216-California-Ave-Palo-Alto-CA-94306/19504865_zpid/ $2126/SF that's some hong kong level poo poo actionjackson has issued a correction as of 03:49 on May 26, 2023 |
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May 26, 2023 03:46
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my entire brain is melting i gotta assume the previous owner was under prop 13 or whatever it's called
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May 26, 2023 03:53
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actionjackson posted:6.57% baby You're singling out the worst real estate market in America. chill
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May 26, 2023 03:56
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also, I'm the +2412% tax assessment, for this night only. Remember to tip your waitress
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May 26, 2023 03:57
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this one is nearly $2,300/square foot lol https://www.zillow.com/homedetails/1032-Maddux-Dr-Palo-Alto-CA-94303/19498471_zpid/
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May 26, 2023 04:00
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i bring it up mainly because i work remotely for stanford and uh... lolWaryWarren posted:this one is nearly $2,300/square foot lol lol at the tax assessment being 1/3 of the price
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May 26, 2023 04:01
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WaryWarren posted:this one is nearly $2,300/square foot lol 
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May 26, 2023 05:16
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The Bay Area had bugfuck insane real estate prices before it was cool. My dad was already totally locked out as a teacher in Palo Alto making top pay by 2005.
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May 26, 2023 14:15
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Pittsburgh Fentanyl Cloud posted:also, I'm the +2412% tax assessment, for this night only. Remember to tip your waitress And now it's portable, but only if you're 55 or older 
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May 26, 2023 14:47
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actionjackson posted:6.57% baby The good news is they have lower pay scales for people working remote, so you can continue to marvel at the price of housing from Minnesota. If you are a professor, Stanford will kick in a bunch of money and/or sell you one of their properties.
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May 26, 2023 15:37
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actionjackson posted:6.57% baby Apparently it sold for $1.6M last year and now it is supposedly worth $1.9M, without any changes?
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May 26, 2023 15:47
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Boot and Rally posted:Apparently it sold for $1.6M last year and now it is supposedly worth $1.9M, without any changes? number go up
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May 26, 2023 15:48
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MickeyFinn posted:The good news is they have lower pay scales for people working remote, so you can continue to marvel at the price of housing from Minnesota. If you are a professor, Stanford will kick in a bunch of money and/or sell you one of their properties. You can live on The Farm, but you never really own what they 'sell' you either. Palo Alto was out of control by the 1980s. But the last 20 years have been insanely brutal. Tract housing that sold to vets for ~ 100k in real 2023 USD terms is now north of $2M.
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May 26, 2023 15:53
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