House Buying Thread

count2infinity
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Postby count2infinity » Mon Feb 10, 2020 2:23 pm

Agreed.

It's alright. I trust our realtor to find us a good one.

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Postby NTP66 » Mon Feb 10, 2020 2:58 pm

Agreed.

It's alright. I trust our realtor to find us a good one.
The only reasonable solution is to buy a house in an area that P&P services, obviously.

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Postby count2infinity » Wed Feb 12, 2020 3:47 pm

What reason would a seller want to have an earlier close date and rent the house from us for a month? We had our offer accepted and the agreement of sale had a close date of April 17th. They asked if we could move the close date to March 13th, and they rent the house from us until the 17th. Is it a cash thing for potentially their new house they're moving to?

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Postby NTP66 » Wed Feb 12, 2020 3:49 pm

If the seller of the house they’re buying asked to push back closing, that’d account for them wanting to sit tight a little longer.

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Postby Morkle » Wed Feb 12, 2020 3:49 pm

Might be a job thing, might be a cash thing, might be a collection of things. Feels like a cash thing. Also what NTP said, could be contingent on purchase of new house for them, and delayed.

Welcome to the "are we going to close on this date, or aren't we" game.

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Postby Beveridge » Wed Feb 12, 2020 3:54 pm

Probably but seems like a lot of headache contractually and insurance wise for one month.

I'd probably say we're either sticking with the contract as planned or if you need the money, we'll move up the close date, but we want in on the close date so find a place to rent for a month and get your stuff out of my house (in a nicer fashion obviously).

I don't think I'm playing landlord with a house I just bought to the the ones who just sold it to me for one month.

Sublease them your place, haha.

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House Buying Thread

Postby robbiestoupe » Wed Feb 12, 2020 3:54 pm

I'd wait for your inspection first before agreeing. There are still potential negotiations there, so leave this in your back pocket.

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Postby count2infinity » Wed Feb 12, 2020 3:54 pm

Our realtor did mention that they're buying a house from a person who is buying a house and it's some sort of trickle down to us. When you say "push back" the closing do you mean to a later date? If so, why would they want to close on their current home a month earlier?

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Postby count2infinity » Wed Feb 12, 2020 3:55 pm

We already said no to it. I was very much on the fence about it and my wife was a hard no, so that pushed me over the fence, so to speak.

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Postby robbiestoupe » Wed Feb 12, 2020 3:56 pm

Source of the post why would they want to close on their current home a month earlier?
Like some have mentioned, it gives them the cash to put a down payment on their new home.

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Postby Morkle » Wed Feb 12, 2020 3:59 pm

Yea I'd have to agree it's a hard no, and if the inspection comes back and it's terrible, you still have the rights to ask for whatever, and if it's bad enough, you walk away, and delay their closing and they start over.

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Postby count2infinity » Wed Feb 12, 2020 4:00 pm

Inspection is scheduled for Tuesday. Should be fun. Am I looking at 2ish hours for that?

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Postby NTP66 » Wed Feb 12, 2020 4:21 pm

2 hours minimum for a good inspection.

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Postby Morkle » Wed Feb 12, 2020 5:03 pm

2 hours and ask any and all questions you can think of.

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Postby NTP66 » Wed Feb 12, 2020 5:39 pm

I shadowed our inspector and he basically walked me through every thing he was looking for and looking at. I love that stuff (shout out to This Old House).

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Postby count2infinity » Wed Feb 12, 2020 7:00 pm

I invited my dad (electrician and wanna be contractor). Hopefully he won’t laugh at my bad questions too bad.

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Postby tifosi77 » Wed Feb 12, 2020 7:17 pm

Our inspection for this house was blocked for four hours, ended up taking about 3 1/2.

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Postby mac5155 » Wed Feb 12, 2020 8:32 pm

X4 make sure you're there and ask a bunch of questions.

They won't be able to test the AC but visually.

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Postby NTP66 » Thu Feb 13, 2020 6:12 am

Source of the post They won't be able to test the AC but visually.
What? Sure they can - and they should.

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Postby mac5155 » Thu Feb 13, 2020 9:45 pm

Source of the post They won't be able to test the AC but visually.
What? Sure they can - and they should.
You should not turn on an AC unit below 40 degrees or so. Most home inspectors won't, at least.

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Postby tifosi77 » Thu Feb 13, 2020 10:15 pm

I've even seen some inspectors say that running AC below 60° can cause problems in some units. I guess it depends on a number of factors.

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Postby skullman80 » Fri Feb 14, 2020 6:03 am

I had several HVAC places say they wouldn't check our AC last year if it was below 50 or 60 degrees can't remember which when we were going to put our house up last October/November. They would visually inspect it but wouldn't turn it on etc.

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Postby NTP66 » Fri Feb 14, 2020 6:14 am

Below 50, sure, but hasn't the temp been above 50 for the past few days out there? It was over 60 yesterday over here.

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Postby count2infinity » Fri Feb 14, 2020 8:02 pm

Glad we said no to the original close and rent agreement. Now they're coming back asking to close on the 3rd of April and rent until the 17th. Offering rent plus closing assistance if we agree. We decided to agree to close on the 3rd, but wait until after the inspection (Tuesday) to agree to the terms of rental. Maybe we can get a bit more out of them from the inspection results if they know we haven't agreed to letting them rent just yet.

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Postby skullman80 » Mon Feb 17, 2020 12:31 pm

Well... pictures getting taken next Tuesday at 9am of our house, will be up within a couple days after that and then the fun begins. My wife's cousin put their house up last week (similar to ours), and they got 4 offers from their open house, and 2 offers before the open house. I know that doesn't mean ours will be the same, but I'm pretty confident it will go fairly quick.

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