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02-15-2010, 03:22 PM | #21 | |
Moderately Confused
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Re: I'm going to buy a house, I could use some help!
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I guess being in the construction industry helps a bit. |
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02-15-2010, 03:25 PM | #22 |
Go Browns!
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Re: I'm going to buy a house, I could use some help!
My friend told me the same thing. In fact, I called a guy i know who owns about 100 rental properties and he told me that all the home inspector usually does is point you in the direction of specialists who can inspect things further... and charge you more... He then told me that he would inspect the house himself free of charge and insisted that he would do a much better job. I was blwon away. Good thing he is a cigar smoker, I can get him back!!
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02-15-2010, 09:44 PM | #23 |
Still Watching My Back
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Re: I'm going to buy a house, I could use some help!
Good to hear you have a buddy to help with the inspection.
Here's the catch on home inspectors: when the housing market was booming, a lot of places offered classes for people to become home inspectors. So guess where a bunch of unemployed folks went? Don't get me wrong here, there are good home inspectors worth the cost. But if you're relatively good with repairing houses or in the construction trades then I understand not hiring an inspector. |
02-20-2010, 08:52 AM | #24 |
Go Browns!
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Re: I'm going to buy a house, I could use some help!
I have looked at 15 houses. looking at 5 more today. I have scoured the MLS. I believe we will find our home today! Figners crossed
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02-20-2010, 03:12 PM | #25 |
Still Watching My Back
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Re: I'm going to buy a house, I could use some help!
Here's some more advice ... wait and buy what you like, don't buy just to get that rebate.
By all means you might find 'the one' today but don't short yourself. On another note, my brother found a place and had his offer accepted. He put a home inspection clause in the offer and now must get a certified home inspector to do the work. Fortunate for him he has a friend who has a friend who is an inspector. I still left the offer for me to go over the place but it wouldn't matter unless the inspector agreed with my findings. |
02-20-2010, 03:13 PM | #26 |
Have My Own Room
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Re: I'm going to buy a house, I could use some help!
As a first time home buyer, I highly suggest a reputable inspector. Your real estate agent should be able to point you in the right direction and get you in contact with a solid inspector with a good track record. Sure it's not something you want to pay up front, but if you forgo an inspection and something goes wrong after the closing, your SOL. Our inspector found various issues, all of which we put into the contract that they fix or we wouldn't purchase the house. These things ended up costing the seller, not us, almost $2000. Well worth the price of the inspector. Also, given how tight most lenders still are, and if your going with an FHA, your lender may not even give you a loan without an inspection. I know if I was a lender and a first time buyer came to me to buy a house without an inspection, I'd send them packing....
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02-20-2010, 03:19 PM | #27 |
Still Watching My Back
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Re: I'm going to buy a house, I could use some help!
Except if you go with a bank-owned property there won't be a "fix it or we walk" option available. You might get the bank to budge on the price a bit but unlikely. At the point you might have "accept or walk" options. Although I've been hearing of banks being more flexible.
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02-20-2010, 03:28 PM | #28 |
Go Browns!
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Re: I'm going to buy a house, I could use some help!
We looked at a short sale that we are in love with.
I will have it inspected without a doubt. I dont know the technical terms but my realtor said that we are going to write the offer with an inspection period and then a "heres what you need to fix for our offer to still stand" period as well.
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02-20-2010, 05:04 PM | #29 | |
Have My Own Room
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Re: I'm going to buy a house, I could use some help!
Quote:
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02-20-2010, 05:41 PM | #30 |
Fatter than you!
Join Date: Oct 2008
First Name: Larry
Location: A little place called home.
Posts: 5,397
Trading: (44)
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Re: I'm going to buy a house, I could use some help!
Concessions. Ask for every last one of them. You may not get any because it is a short sale, but you still have to ask.
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If we weren't supposed to eat animals, then how come they're made of meat? You can never have too many cigars, they are like an investment in good times. |
02-20-2010, 09:02 PM | #31 |
Still Watching My Back
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Re: I'm going to buy a house, I could use some help!
Usually in a short sale the bank reviews the buyer's offer if it's other than the asking price of the home. Not exactly a bad thing, but at the same time it's not always a quick process.
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02-20-2010, 09:34 PM | #32 | |
Moderately Confused
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Re: I'm going to buy a house, I could use some help!
Quote:
Bank of America can go blow a rotten dead goat. Can you guess which bank owned the house? |
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02-21-2010, 01:42 AM | #33 |
Have My Own Room
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Re: I'm going to buy a house, I could use some help!
Yeah, I was really lucky on my short sale, bank came back with an acceptance within a month. I think that's because they lost two previous buyers by waiting too long. One thing to make sure of is that the house doesn't have a second mortgage, or if it does that it is cleared. The bank holding the second came back the day before closing demanding an extra couple grand when I thought everything was kosher. It was split between me and the buyer, with my agent paying some of mine, and it was such a good deal it wasn't worth stopping because of it, but make sure for you that your realestate agent has all the bases covered.
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