For sure rates are impacting the higher priced areas, likely not nearly as much in the lower priced areas for all the reasons cited above. A lot of people can plop down $400k cash for a new house as you say. Not a lot of people can afford to plop down $2 million in cash - they need to borrow, the higher rates are impacting those buyers and pushing prices down in those areas.
Home buying thread
- Thread starter Pasteton
- Start date
For sure rates are impacting the higher priced areas, likely not nearly as much in the lower priced areas for all the reasons cited above. A lot of people can plop down $400k cash for a new house as you say. Not a lot of people can afford to plop down $2 million in cash - they need to borrow, the higher rates are impacting those buyers and pushing prices down in those areas.
Sludig
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With our work and pets situation and houses going in 48 hours was one of only options.
She slept on it, rationalized since of the parts hitting harder than they should. There's stuff to do instead of move in and done but mostly not huge given age of house and still passes for ritzy in the area.
So currently priced as planned, just since money and work, and come 6 months to a year decide to sell and buy local that we can inspect or by then be settled and happy here.
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Sludig
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Given small town i half feell like lender told them the answer it needed to come in on. The regular inspection got a number of things, but certainly missed what i felt was glaring. Nothing really insurmountable i think or even truly that costly other than the garage that was converted to a room, is great and big with a mini split, but it drops away towards the outer wall. Feel like they ran out of leveler and instead of matching wood went tile just to follow the flow but you see it heavily in the floor boards.
Lanx
<Prior Amod>
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did the appraisal even come anywhere close to the purchase price? cuz my appraisal was like 100k less than my purchase price
but then my realtor did say he was working off old figures and not adjusting for the boom
Sludig
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Blazin
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Well a couple hours into our listing, 10 showings scheduled so far. FIrst couple through this morning said they will be writing an offer. We are just over 300 views after a few hours on zillow, hoping to hit 1000 views today. So not sure what to think yet, I'd say good activity but a little slower than what I was hoping for. Wanted around 30 showings for the weekend to give us the best chance at some healthy offers.
And rather than bump different threads. On new house I just got a call today from Comcast after months of hounding them saying they want $5k to run me service and that it will take them months to put in...
And rather than bump different threads. On new house I just got a call today from Comcast after months of hounding them saying they want $5k to run me service and that it will take them months to put in...
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Jysin
Ahn'Qiraj Raider
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After having been a Comcast customer for 15 year in Atlanta, I might pay $5k to not be serviced by Comcast.
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Blazin
Creative Title
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I just ordered the RV one today. I'm still in the waitlist area for fixed service, but going to see if I can get the RV one working.
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Blazin
Creative Title
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Septic system is now up and running, can see drain field stone off to the right that needs covered up.
Piping traffic congestion!
I'm working on setting my cabinets which is a new job for me. Taking me a good while just not being particularly confident about it. Don't judge the doors they all need adjusted yet.
reposting ms blazin just for lurkingdirk
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Sanrith Descartes
Von Clippowicz
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Blazin
Creative Title
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What I bought is a money pit! Please make the inflation stop
Getting close now, hoping to be moved in next couple weeks. My barn foundation is next week, maybe I'll do a final total in big red font and post it in the loss porn thread. Unlike those losses I do have a great property at the end, but I'd be itching to throw an additional mill at QQQ soon if it wasn't for all this.- 2
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If that gutter drain pipe is not just temporary, I would find a better way to do that. If that dirt settles any your downspout is going to be ripped off/broken in one of the joints, or worse. Many years ago when I was building houses we would remove that angle on the downspout and have a slip on corrugated cover that wasn't screwed on over the downspout.
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Blazin
Creative Title
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Just temporary
. Just not ready to trench it over to storm pit yet- 1
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Glad I'm not the only one who thought this...
Mrs. Haus
and I are approaching a similar project. Find some land far enough out from town, build a home on it. I don't want to sell our current house to finance that though. Want to keep it as a rental for now. Didn't see if this had been covered in your adventure yet but are you doing anything for solid internet access? I know a couple people with starlink and their overall experience has been mixed.Right now my dream find some be somewhere north of Waco and east of Abilene in Texas, 15-45 acres, wooded doesn't bother me, with maybe a salvageable single wide on it to touch up and live in while planning/building the real house.
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Be prepared for sticker shock there too the reason I moved moved in December was because we started getting quotes on putting a second floor on our little 1965 ranch and they were coming back in the 5-600k range probably talking a 1700ft addition but just bedrooms and a bathroom without any major remodels to the existing floors. It’s all fucking crazy town right now.
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Izo
Tranny Chaser
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