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House Buying Thread

Posted: Mon Feb 10, 2020 2:23 pm
by count2infinity
Agreed.

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

House Buying Thread

Posted: Mon Feb 10, 2020 2:58 pm
by NTP66
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.

House Buying Thread

Posted: Wed Feb 12, 2020 3:47 pm
by count2infinity
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?

House Buying Thread

Posted: Wed Feb 12, 2020 3:49 pm
by NTP66
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.

House Buying Thread

Posted: Wed Feb 12, 2020 3:49 pm
by Morkle
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.

House Buying Thread

Posted: Wed Feb 12, 2020 3:54 pm
by Beveridge
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.

House Buying Thread

Posted: Wed Feb 12, 2020 3:54 pm
by robbiestoupe
I'd wait for your inspection first before agreeing. There are still potential negotiations there, so leave this in your back pocket.

House Buying Thread

Posted: Wed Feb 12, 2020 3:54 pm
by count2infinity
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?

House Buying Thread

Posted: Wed Feb 12, 2020 3:55 pm
by count2infinity
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.

House Buying Thread

Posted: Wed Feb 12, 2020 3:56 pm
by robbiestoupe
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.

House Buying Thread

Posted: Wed Feb 12, 2020 3:59 pm
by Morkle
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.

House Buying Thread

Posted: Wed Feb 12, 2020 4:00 pm
by count2infinity
Inspection is scheduled for Tuesday. Should be fun. Am I looking at 2ish hours for that?

House Buying Thread

Posted: Wed Feb 12, 2020 4:21 pm
by NTP66
2 hours minimum for a good inspection.

House Buying Thread

Posted: Wed Feb 12, 2020 5:03 pm
by Morkle
2 hours and ask any and all questions you can think of.

House Buying Thread

Posted: Wed Feb 12, 2020 5:39 pm
by NTP66
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).

House Buying Thread

Posted: Wed Feb 12, 2020 7:00 pm
by count2infinity
I invited my dad (electrician and wanna be contractor). Hopefully he won’t laugh at my bad questions too bad.

House Buying Thread

Posted: Wed Feb 12, 2020 7:17 pm
by tifosi77
Our inspection for this house was blocked for four hours, ended up taking about 3 1/2.

House Buying Thread

Posted: Wed Feb 12, 2020 8:32 pm
by mac5155
X4 make sure you're there and ask a bunch of questions.

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

House Buying Thread

Posted: Thu Feb 13, 2020 6:12 am
by NTP66
Source of the post They won't be able to test the AC but visually.
What? Sure they can - and they should.

House Buying Thread

Posted: Thu Feb 13, 2020 9:45 pm
by mac5155
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.

House Buying Thread

Posted: Thu Feb 13, 2020 10:15 pm
by tifosi77
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.

House Buying Thread

Posted: Fri Feb 14, 2020 6:03 am
by skullman80
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.

House Buying Thread

Posted: Fri Feb 14, 2020 6:14 am
by NTP66
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.

House Buying Thread

Posted: Fri Feb 14, 2020 8:02 pm
by count2infinity
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.

House Buying Thread

Posted: Mon Feb 17, 2020 12:31 pm
by skullman80
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.