Mrs. Gravy
Quite Saucy
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Home buying thread
- Thread starter Pasteton
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Lanx
<Prior Amod>
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1st and 4th house have been professionally flipped, 3 is out of a fucking HGTV show with that super white kitchen and mega windows
Vinen
God is dead
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Cad
scientia potentia est
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Noodleface
A Mod Real Quick
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You described my house and it was flipped hah. Minus recessed lighting which I wish we had.
Cad
scientia potentia est
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So, are you saying anything is wrong with that, or anything to look out for? Whats the point?
Fogel
Mr. Poopybutthole
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I guess some could argue they'd rather buy from an actual family either trying to sell their house to move/buy a new one or dodge a foreclosure over padding some guys bank account. I'm sure some flippers go the extra mile to use substandard materials and do their best to hide them as well.
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I'd trust a professional flipper over some home owner that tried to do the shit himself
Lanx
<Prior Amod>
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yup, true, on the one hand it's a homeowner trying to maximize his value, and on the other hand it's a guy who does this for a living (with his crew).
Pops
Avatar of War Slayer
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Flipped or not, if your market is at a very low inventory level, you are going to pay up. The market is very tight. And bad areas can become good. I liked the more stately ones.
Everything points to higher prices. Lending is tight. Kids coming to the market. It's not go go. The good deals where I'm looking disappear in days. But I'm looking more lower end. Those house aren't going to go cheap. If you are going to live there a long time, focus on one you like and buy it.
Oh and good schools.
Threelions
Victory Through Harmony
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Houses in my area that are worth a damn and even those that need some work have been selling within 48 hours and even some before they even hit the market. It's still pretty insane in NY.
Lanx
<Prior Amod>
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home inspection vs. appraisal?
on a new construction,
we're doing the home inspection should be around 400, we'll put in that if the guy finds anything wrong, builders have to address it (common right)?
appraisal? we're paying cash
what's the purpose of the appraisal other than for the banks? and if we do get one, we can use that to say if the appraisal is lower than the asking price, we can walk?
home inspection will give us piece of mind, even if it's a new build, not too sure on appraisal, thoughts?
on a new construction,
we're doing the home inspection should be around 400, we'll put in that if the guy finds anything wrong, builders have to address it (common right)?
appraisal? we're paying cash
what's the purpose of the appraisal other than for the banks? and if we do get one, we can use that to say if the appraisal is lower than the asking price, we can walk?
home inspection will give us piece of mind, even if it's a new build, not too sure on appraisal, thoughts?
Noodleface
A Mod Real Quick
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You can try to haggle is appraisal is low but the seller will just go with another buyer most likely. Afaik it was mostly for banks and tax assessments.
ZyyzYzzy
RIP USA
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Yea. Also do the home inspection, $400 is cheap and if you end up not wanting the house, you can always use the that "based on the inspection..." as a reason to get out (though don't know if this is really and issue as much on a new build).
Lanx
<Prior Amod>
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tax assessment, as in property tax?
Realtor is say appraiser would most likely just look at the comps and mls listings and try to match up, sq ft/yard/garage etc and see if it'll match up and if he can't, he'll keep on expanding the search area.
ZyyzYzzy
RIP USA
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Pretty sure, no, they aren't used for tax assessments. Banks want one because tget don't (ish) want to loan you more money than a property is worth.
Lanx
<Prior Amod>
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and to make sure you're not buying a "lemon" since it's the banks money you're using, correct?
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