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Just put in an offer on a house...
Poast new message in this thread
Date: April 26th, 2018 10:55 PM Author: Electric mahogany chad Almost 10% above asking. Sigh. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928859) |
Date: April 26th, 2018 10:56 PM Author: french contagious stain knife Recently thought about buying but then determined I still wanna be free (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928866) |
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Date: April 26th, 2018 10:56 PM Author: rusted dashing mother VAT (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928869) |
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Date: April 26th, 2018 10:56 PM Author: comical khaki alpha lmao wtf why would you offer more than ask, you're supposed to do the opposite. Terrible move (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928872) |
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Date: April 26th, 2018 10:59 PM Author: Electric mahogany chad This is the second round. First round came in with 4+ offers. Sellers agent wont disclose any more than that. For what it's worth, our offer is still below zillow zestimate and our agent thinks it will easily appraise at offer price. They listed low. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928885) |
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Date: April 26th, 2018 11:50 PM Author: Aromatic Tank Bawdyhouse The appraisal almost always matches offer price regardless, that's a meaningless realtor talking point. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929147) |
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Date: April 26th, 2018 11:54 PM Author: Electric mahogany chad No. Our previous offer fell through because everyone agreed the home would not appraise for the agreed upon price. We offered a guaranteed 10K above appraisal (but not more) and the sellers wouldn't take it.
Our realtor told us to back out and that we were wasting time and money on that deal. So I trust her, she doesn't just push for a deal when it's a bad investment. |
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Date: April 27th, 2018 12:17 AM Author: Aromatic Tank Bawdyhouse 10k above which appraisal? The only one that matters is the one performed by your lender, when you're in escrow. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929302) |
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Date: April 27th, 2018 12:18 AM Author: Electric mahogany chad that's the one. we offered 10K above bank appraisal. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929308) |
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Date: April 27th, 2018 3:44 AM Author: medicated dopamine lol you were meant to live in a society without private ownership of property. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929716) |
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Date: April 27th, 2018 6:01 AM Author: self-centered iridescent public bath famous landscape painting This isn't unusual in hot mkts. Some sellers price low to get a mutliple bid situation. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929871) |
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Date: April 27th, 2018 9:18 AM Author: Electric mahogany chad I think, i HOPE this is what happened. I dont feel great about the price but i also get the point that 10k here or there doesn't matter THAT much over 30 years when the home is a good fit. I guess.
Still sucks to feel like we are not getting a great value. Our current place was a solid, cant lose investment. This one is not. But it is a really good house. |
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Date: April 27th, 2018 1:30 PM Author: Slate gaping yeah, seems like many apartments i look at are underpriced on purpose in order to drive traffic to open houses and cause bidding wars between morons. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35932234) |
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Date: April 26th, 2018 10:57 PM Author: underhanded rose newt clown Good luck! We’re in escrow. 11% above asking. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928875) |
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Date: April 26th, 2018 10:59 PM Author: Electric mahogany chad Iow, our offer may not get us the fucking house. That's just swell. It's a madhouse out there. If this doesnt happen I am out until the next crash. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35928889) |
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Date: April 26th, 2018 11:09 PM Author: underhanded rose newt clown No, you can't generalize.
We got really lucky. At the open house, we hit it off with an agent from the listing agent's real estate company. We had been dissatisfied with our agent for some time, and this guy was great, so we asked if he'd represent us. A few days later, after talking about some of the issues the house had (but still loving the property overall), we made a lowball offer of $845k (asking price was $870k). The first round there were four other offers, with ours the lowest. However, since we had the connection, us and two others made it into the second round.
At this point we were informed that both other offers were above asking, with the highest at $880k and 30% down. We decided to match the $880k, offer 20% down, and the listing agent and our realtor were able to work something out where we would still get our agreed-upon $5k credit towards closing.
So now we're in escrow. The backyard will require a lot of work so we asked for $20k in additional credits, a request I fully expect to be denied. However we're prepared to take the house anyway. There are literally a handful of other houses up for sale in this area, and we had already lost out on a few others. |
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Date: April 26th, 2018 11:19 PM Author: Razzle-dazzle painfully honest chapel CR. Stack ca$h & wait for crash. Unless you will have to sell to buy... |
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Date: April 26th, 2018 11:35 PM Author: Electric mahogany chad We will sell our house but we have enough for our 20% down now. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929066) |
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Date: April 27th, 2018 11:56 PM Author: Razzle-dazzle painfully honest chapel Do not sell during a downturn!!! (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35936250) |
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Date: April 27th, 2018 12:02 AM Author: big sticky pervert stage The problem is the ca$h you've been stacking will get raped by the downturn, assuming you're not retarded and keep most of your money invested in equities. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929219) |
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Date: April 27th, 2018 3:40 AM Author: Coral Excitant Station explain. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929713) |
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Date: April 26th, 2018 11:43 PM Author: big sticky pervert stage You gonna cop PMI or nah
Also congrats, brother |
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Date: April 26th, 2018 11:43 PM Author: Electric mahogany chad No, not this time. In this market, anything less than 20% down and they show you to the door anyway. Gotta have 20% down to play. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929109) |
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Date: April 26th, 2018 11:46 PM Author: big sticky pervert stage Nice. Did your wife help throw down for the down payment (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929128) |
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Date: April 26th, 2018 11:55 PM Author: Electric mahogany chad I'm the wife and yeah, I helped. Also my parents helped bring us from 10% up to 20%. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929175) |
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Date: April 26th, 2018 11:59 PM Author: big sticky pervert stage Nice.
I'm already preparing myself for the inevitability that the house I end up buying will probably be disappointing, smaller than I want, etc. and will probably still be over 750k |
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Date: April 27th, 2018 12:05 AM Author: Electric mahogany chad Welcome to the northeast, bro. But look on the bright side, at least we're not in cali.
This house isnt that small but the main floor is small. It has a great basement apartment with separate entrance and an amazing attic master bedroom with en suite. But the main floor is small. Small living room, small dining room, small kitchen with an awkward layout that will be hard to fix. It is cute though. |
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Date: April 27th, 2018 12:06 AM Author: big sticky pervert stage I'll be buying in CA. fma
Does it look nice from the street? That's an important factor |
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Date: April 27th, 2018 12:12 AM Author: Electric mahogany chad Honestly it looks SUPER nice from the street and has mad curb appeal, at least in my opinion. It is also truly turn key. Like I may not love the kitchen layout but it's all clean and new and in good condition.
It has a lot of really good things going for it. I am not sure we will we will get the house, even with ~10% over asking.
Dont buy in cali. It will crash. Sorry but those are the facts. May crash here too but not as much. |
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Date: April 26th, 2018 11:43 PM Author: Electric mahogany chad It's not even that great of a house. Like it's cute but it's not exactly a beauty. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929104) |
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Date: April 27th, 2018 12:00 AM Author: Insecure jap Is this CA? (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929210) |
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Date: April 27th, 2018 12:05 AM Author: Electric mahogany chad no one can afford to buy in cali. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929249) |
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Date: April 27th, 2018 12:08 AM Author: Insecure jap Im surprised you have to go above list in non-CA states (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929268) |
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Date: April 27th, 2018 12:10 AM Author: Electric mahogany chad lolollololol
yeah
This isnt even that desirable of a house. It is "locationally challenged" and not large. |
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Date: April 27th, 2018 12:13 AM Author: soul-stirring tan sanctuary factory reset button then why are you buying it? (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929292) |
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Date: April 27th, 2018 12:15 AM Author: Electric mahogany chad I personally like the location and although it's not big, the layout works really well for us. I feel like this has everything we need and that's all I want to pay for. In that way it is actually a very good fit. And it IS a nice house that has a lot of things I like. It doesnt scream luxury but then I dont want to pay for that. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929295) |
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Date: April 26th, 2018 11:59 PM Author: Boyish amber goyim son of senegal Wow, that's fucking fascinating. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929207) |
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Date: April 27th, 2018 3:36 AM Author: lascivious dysfunction (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35929710) |
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Date: April 27th, 2018 1:36 PM Author: buff haunting filthpig (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35932274) |
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Date: April 27th, 2018 6:07 PM Author: Talented associate pit (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35934444) |
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Date: April 27th, 2018 1:35 PM Author: Electric mahogany chad No u (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35932266) |
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Date: April 27th, 2018 7:46 AM Author: hideous ticket booth LJL at coastpoor housecucks (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35930014) |
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Date: April 27th, 2018 8:00 AM Author: Transparent toaster So the two of you combined only mustered together $88k or 10% and needed parental help for the other 10%?
Pathetic. |
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Date: April 27th, 2018 8:57 AM Author: Electric mahogany chad Bro, how much money do you think we have?? Its not a 900k price range house! I could get one i really liked for less than that tbh, but taxes would still be killer. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35930241) |
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Date: April 27th, 2018 8:58 AM Author: Electric mahogany chad Honestly, at this point i feel like we are overpaying and the market is officially over heated. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35930244) |
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Date: April 27th, 2018 9:12 AM Author: lascivious dysfunction FUCKING LMAO @ this pigeon diary thread. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35930295) |
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Date: April 27th, 2018 1:36 PM Author: buff haunting filthpig (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35932277) |
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Date: April 27th, 2018 3:41 PM Author: Electric mahogany chad Agent said we should hear back by 6:30pm to today. Here we goooooooo. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35933480) |
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Date: April 27th, 2018 5:53 PM Author: Electric mahogany chad Offer accepted. And we probably overpaid for it, sigh. Its not done yet, now we have to actually close. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35934348) |
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Date: April 28th, 2018 12:00 AM Author: Razzle-dazzle painfully honest chapel 180 (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35936263) |
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Date: April 27th, 2018 9:20 PM Author: marvelous rehab Congrats
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Date: April 27th, 2018 9:24 PM Author: Flushed space When does the house selling threading begin? (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35935467) |
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Date: April 27th, 2018 11:55 PM Author: Electric mahogany chad August. Closing date is in august and we're probably selling after we move out. I would rather do it earlier, I just don't think we have the energy for it. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35936243) |
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Date: April 28th, 2018 8:29 PM Author: Electric mahogany chad Too much work. It's been really intense lately. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35940698) |
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Date: April 28th, 2018 8:46 PM Author: Electric mahogany chad tytyty
Closing is planned for August 1st. I'm excited! This is our first nice house. Owned two properties in the past but they were both major fixer uppers. We usually get done fixing it up when it's time to sell. Not that fun. |
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Date: May 3rd, 2018 4:12 PM Author: Electric mahogany chad Officially in contract !!! Its binding now, bitches. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35975223) |
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Date: May 3rd, 2018 6:31 PM Author: greedy cordovan party of the first part This is like Portland signing Evan Turner to $75mm/4 years. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35976139) |
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Date: May 3rd, 2018 6:34 PM Author: galvanic puppy Are you concerned you are buying right before a crash?
We're going to look at a condo priced at $280K.
The seller bought in Feb 2009 at $120K. The original asking price, right before the crash, was $290K, or $10K more than is being asked now.
After the crash you can see the offer prices declining all the way down to $120K where they bought at.
So now I'm looking at all this thinking these sellers know what they are doing. They bought at rock bottom and they're probably saying, "We have to get out now."
I don't want to buy right before the crash which is what I'm afraid is happening. |
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Date: May 3rd, 2018 9:34 PM Author: Electric mahogany chad So I am going to be brutally honest here: I absolutely believe we are buying near peak market. There may be another 6 months to a year left until it peaks but I would say it's near the top now and will go down 10-20%.
The only thing that makes this acceptable is that we are selling as well as buying and the cost of the homes are similar. That plus it just feels like the time is right for us personally. From an investment perspective unless you are in a rush, I would wait. |
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Date: May 4th, 2018 11:53 AM Author: galvanic puppy What do you think will precipitate the crash? (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35980855) |
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Date: May 4th, 2018 10:15 PM Author: Electric mahogany chad Dems taking congress. But if not it'll be something else. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35984739) |
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Date: May 5th, 2018 7:59 AM Author: aggressive internal respiration casino we get it, you are preggers. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35986136) |
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Date: May 5th, 2018 3:52 PM Author: Electric mahogany chad No, definitely not. Still doing the surrogate thing. But im a planner, i need to have everything set up first. Plus the cash from the sale of our house is what will hopefully provide the surrogate money.
I do NOT ever ever EVER want to be pregnant. I want to be very clear on this point. |
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Date: May 5th, 2018 6:55 PM Author: aggressive internal respiration casino why? (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35989383) |
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Date: May 5th, 2018 11:48 PM Author: Electric mahogany chad I dunno, why does stabbing myself in the stomach sound like a bad idea? I'm just extrapolating here, it doesnt look like fun. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35990851) |
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Date: May 6th, 2018 5:13 AM Author: arousing bbw Buy a shithouse at the top of the market and sell your other place post crash, no wonder biz wizards like you and fish are slavic trash living next to train tracks. (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35991598) |
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Date: May 6th, 2018 6:06 AM Author: Amethyst Big-titted Parlor Athletic Conference Right just do carry two properties when you feel a crash is imminent because you “don’t have the energy” to sell your other place right now when the market is hot (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35991626) |
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Date: May 7th, 2018 12:19 AM Author: Electric mahogany chad Hoping to move it in a month or two after we close, so it won't be for that long. But yes I agree, this is the part that makes me the most nervous of all. And we have a late closing so in theory if we got our shit together, we could sell this place before we close. But laziness... (http://www.autoadmit.com/thread.php?thread_id=3961122&forum_id=2#35996373) |
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