Home buying thread
- Thread starter Tuco
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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!
Arative
Ahn'Qiraj Raider
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I pay $84 a month for electric and $61 for gas for an 1200 sq ft home but then I"m on a budget billing. Makes it nice because my bills will be the same every month regardless of usage and lets me set a budget.Hatorade said:
Prior to being on this budget billing, I used to average about $120 for electric in the summer, $25-30 in the winter. Gas was around $150 in the winter and $20 in the summer.
So, the wife & I moved into a new house at Smith Mountain Lake in Virginia this week. It was a short sale from the bank, and we got it for an absolute steal. The bank also approved it in 2 days and was pushing us the entire time to close early. Was less than 2 months from contract to close, and that delay was mostly us to give us time to save for a downpayment.
It needs a little bit of work, the builder left it about 95% finished, so the driveway needs asphalting, and there was some carpet needed inside, but getting a 5100sq ft property for less than half of tax value on a golf course at the lake is WIN
This is the front:
and this is the back:
It needs a little bit of work, the builder left it about 95% finished, so the driveway needs asphalting, and there was some carpet needed inside, but getting a 5100sq ft property for less than half of tax value on a golf course at the lake is WIN
This is the front:
and this is the back:
Damn man, congrats, that place is gorgeous.
Got our HoA docs to review today... they were printed by the selling broker in june... and are like 2.5 inches thick (189 pages), wow.
Got our HoA docs to review today... they were printed by the selling broker in june... and are like 2.5 inches thick (189 pages), wow.
Ouch, that is some stack of paper! I really like the look of your new house out there, i"ve always loved the style of those desert homes. When are you due to close?meStevo said:
Thanks!
We"re closing 11/23, but will be out of town for a reunion 11/20-11/23, banker thinks we"ll be closed mid November no problem. Appraisal results due Tuesday, worse case we expect the price to come in a little lower than the 140k we"re paying so we"ll need to do an addendum or whatever to adjust figures (BofA does this "99.5% of the time" per my BofA banker), and there"s a cracked window that could be an FHA issue which the bank will fixed (up to $1000 in repairs in the contract) and we"ll have to pay $75 for it to be reinspected.
Other than that, should be cake! (lol)
We"re closing 11/23, but will be out of town for a reunion 11/20-11/23, banker thinks we"ll be closed mid November no problem. Appraisal results due Tuesday, worse case we expect the price to come in a little lower than the 140k we"re paying so we"ll need to do an addendum or whatever to adjust figures (BofA does this "99.5% of the time" per my BofA banker), and there"s a cracked window that could be an FHA issue which the bank will fixed (up to $1000 in repairs in the contract) and we"ll have to pay $75 for it to be reinspected.
Other than that, should be cake! (lol)
Hatorade
A nice asshole.
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Close tomorrow, made a ton of plans with friends to help us get to painting Friday and we are just now informed she may not be moved out by then. I understand it takes time to move out of state but fuck a full two days after closing. So after going back and forth for a few hours it is agreed she will be out by Thursday, huge head ache if that does not happen. Never done this before so maybe shouldn"t have made plans for the days after closing.
Im not sure what your sale and purchase says about moving out after closing, but normally it contains stiff penalties if the previous owner does not turn the property over to you on the specified date in the condition you viewed it. (i.e. they did not remove fixtures or fittings).
At the very least, the previous owner should pay you a sum for the inconvenience, on top of the pro rated amount of the rental. This person is getting a free place to live while you are paying the mortgage, so its appropriate they pay you what it would cost to rent it out.
If your S&P doesn"t contain any language about turning over the property on time, then lesson learned for the next time to add it in.
I can"t stand when owners do this to me, its a pet peeve.
At the very least, the previous owner should pay you a sum for the inconvenience, on top of the pro rated amount of the rental. This person is getting a free place to live while you are paying the mortgage, so its appropriate they pay you what it would cost to rent it out.
If your S&P doesn"t contain any language about turning over the property on time, then lesson learned for the next time to add it in.
I can"t stand when owners do this to me, its a pet peeve.
I would be concerned that the person doesn"t leave on their own. If you agree to let them stay once you take ownership they really become your tenant. I believe if they stay past the agreed time the only way to legally get them out is to evict them which takes time (up to 3 months) and money. I know it probably seems like a long shot for that to happen but if it did, you are pretty much screwed until the legal process runs it"s course. You can"t just barge in there and throw her shit to the curb and change the locks (again, legally speaking). I would discuss it with your real-estate agent as they would know the specific laws better than I.Hatorade said:
Big Phoenix
Pronouns: zie/zhem/zer
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Just submitted an offer, 75k for a 3/2 1640sq ft house in north Phoenix. Hopefully I can get this one, as time is more or less out for getting that tax credit.
Cutlery
Kill All the White People
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Fuck that shit. That happened to my sister too, she didn"t get the keys to the new property until a day or 2 after closing. When we went in there, I informed them that no way, no how was I walking outta closing without those fucking keys. Dealbreaker. I am not going to legally own a house that I do not have access to, and furthermore, since I don"t know who else has keys, I am not legally owning a house that I don"t know who has access to.Hatorade said:
I had 2 new deadbolts in my truck at closing, those were in the door within a half an hour of me owning the house. Anything else is simply unacceptable in my view.
Hatorade
A nice asshole.
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Ok so a couple things went down today that are both good and bad, the good is we closed in about an hour was smooth as can be I was told. The seller paid for a year of home warranty, she is leaving us the fridge which is only a couple years old, a brand new stove, a like new ladder, some hoses a bunch of tools in new condition including a circular saw and yard stuff.
The bad news is she isn"t going to be out until early tomorrow, she did give me a copy of the current locks and garage remote/code. Old women is very sweet so we aren"t too upset we can"t do our thing yet. We wrote up a contract that states we are currently leasing the home to her until Friday, if not out by 12:00AM Friday she pays a penalty. Her family is helping her move and they all agree they will be done either late tonight or early tomorrow.
House really is in amazing condition so again it sucks but we are good to go, new locks ready to go etc.
The bad news is she isn"t going to be out until early tomorrow, she did give me a copy of the current locks and garage remote/code. Old women is very sweet so we aren"t too upset we can"t do our thing yet. We wrote up a contract that states we are currently leasing the home to her until Friday, if not out by 12:00AM Friday she pays a penalty. Her family is helping her move and they all agree they will be done either late tonight or early tomorrow.
House really is in amazing condition so again it sucks but we are good to go, new locks ready to go etc.
Make sure you get the biggest house with the biggest mortgage possible, it"s all the rage these days, us America"s gotta live big!
Can you stop attempting to shit up threads with your terrible trolling? Or at least step up your game some?
Thanks, brah.
Thanks, brah.