I wouldn't fuck with permitting issues, and there's a big difference in resale for a 2BR vs. 3BR. I wouldn't just assume permitting will go smoothly after the septic tank is replaced.
$2,000 sounds like a bargain. Seller of my house had it replaced 6 months before I bought and the invoice was like $11k to run it from the road to the house. Happy I didn't have to pay for that.
Yep, I hear you. After looking at comps in the area, I'm going to take a pretty huge price whack on him. If he accepts, at my value, I'll do it. If he doesn't I'll leave a bit of room for negotiation, but if he thinks he can get another person in there at ask, I'll let him go for it and I'll walk away. Just for some more context, the guy brought the property in a short sale in 2012 and made a decent amount of improvements (re-did the deck, turned one of the junked bedrooms into a nice bedroom, re-did a bathroom, etc.). He tried selling the house in 2015 and had four offers but couldn't sell it because of a huge issue. There was some funky zoning and the billionaire who lives two doors down (yes, billionaire) literally owned 1/7th of his property because of the way it was zoned. So probably would never happen, but there's a risk this dude could fence off his area on the lot, or do something crazy like build something on this guy's property. Three of the offers dropped completely; one dropped price 15% but he turned it down. He said it was a huge two year headache to fix the zoning issue, but he did. So he listed the property right after solving that issue, then this issue comes up. He had told me during a walkthrough that he "wishes every day I would have taken that offer" due to the legal headache of solving this (he's an investor and this was an investment property for him). So I'm going to write him a one-page price change letter and pretty much tell him not to make the same mistake twice.
With every post, you seem to give more and more reasons why you should walk run away from this as fast as you can.
Eh, the property issue is documented and resolved, so I'm not worried about that at all. He's a tired, motivated seller who is close to getting a big profit following turning the house around after the short sale (~5 years ago). I think if I drop price hard on him and he agrees, it would be a pretty good value for the property. I would just market it as a "2 bedroom plus den" when selling in 7-10 years and if it's bought at a fair comps valuation, you're essentially just buying it and selling it at a 2 bedroom valuation. If he doesn't agree to a big price reduction, I'll walk. It's also a non-operating issue essentially; whether the bedroom is permitted or not doesn't have any impact on the actual house... it's just you gotta buy it cheaper and assume you will sell it lower. And on the chance someone pays 3 bedroom prices for it because they don't have a problem with it, you get real equity appreciation.
If you say so. I'm just saying, I think you'd have a hard time finding another person here who thinks it's a good idea to buy the house.
So tonight I was out and noticed some termites on this old stump in my hard. It's relatively big, and was there when we bought the house. The stump is about 20-25 feet away from the house. Went and bought some termite spray, and sprayed it over the stump. Anything I else I should do? Theres no other vegetation between it and the house, just a brick walkway. From a quick google search, it sounds like I should be ok?
Yeah, like George Costanza said, that sounds like a good deal. We had the same situation, where our sellers had to fix a 6' section on our line. They had to pay $3800.
As an insider, your situation is different. Unlike the MBer you quoted, I'm confident your home will prove to support the sales price, over time. Unfortunately, the listing Realtor set the market & only pending, future sales support the contract price. At the end of the day there's value in working with someone you know, trust & has your best interest at heart. Despite the appraisal coming in low, you know things would have been made right... even if it came to cutting a check out of pocket
Home is located in Sherman Oaks, a suburb of Los Angeles. People familiar with the area can chime in, but almost all homes I've seen are going nearly immediately for ask or above in this area. You can look on Zillow for average home prices in the market. Without giving the exact price, the house is roughly in average with median prices of Sherman Oaks homes with a pool and I am proposing a nearly 10% price drop (which would be in excess of the $40k quote mentioned above).
I don't doubt you are getting a good deal, but this transaction seems like a complete pain in the ass. I would walk away.
My only comment would be this simple question. If most homes are getting snatched up and contracted immediately, does that not give you some questions why this one hasn't? If demand is so high, why is this still available?
We refinanced last year and someone from Cumming (rural area 45 minutes north of Atlanta) came down to my home in the heart of the city and had absolutely no fucking clue what he was doing. Luckily we had so much room to work with his absurdly low appraisal didn't screw us over but it's definitely something I will keep an eye on in the future
How big? What type of wood? I have been getting my area prepped for the past few days, I just have a huge fucking concrete stoop to demolish.
Are you going through a contractor? What's the total cost looking like? Think I may end up doing something similar in size to what you're doing.
My dad builds custom homes and his framing subcontractor is a friend of ours. He's doing it for me as a favor at cost of materials and his guys time. With all the shit I'm getting put in between the deck, roof, countertops, benches etc it would be pretty damn expensive if he wasn't doing me a favor. I can't really help with the final cost yet and I don't even know what I'm paying him so far. Just the deck without the kitchen, roof, benches, etc is about 1800 in materials.
Yeah one of my buddy's dads does something similar. He's helping us right now with a bathroom remodel at cost of materials. Going to look pretty good once its all finished. I'll post some pictures in here once everything's put together.
Do you know if he has bought the treated yet? SYP prices have increased the last two weeks and will more than likely continue for the next 2-4 weeks.
yes, i bought two years ago so i could easily switch the tv from inside the rv to underneath for outside viewing still have it on a tv in the house i think, lemme see if i can get a brand name off it
Furniture shopping will likely be the worst part about buying a house. Finding a couch is sucking so far.
yeah. ive never bought a quick release mount before. i have a couple of the amazon basic articulating mounts that arent quick release i like a lot, but i dont know anything about who makes the most functional/easiest to use quick release one
I will if I need to, but my first choice is to be able to move the watch angle from like next to the grills to over by the seating area
I have this one and love it http://www.bestbuy.com/site/sanus-f...t-40-95-lcd-tvs-black/4932500.p?skuId=4932500 Bought it for like $250, no idea why its almost $400 here
jesus. thats way out of what im trying to spend on a tv mount. ill move the bitch around on a stand before that
Damn that thing better change the channel and get beers out of the fridge for me at that price. Shit.
I bought it because I had a very tight corner to put my TV and this option was the only one I could find that had like 4 pivot points
So, our bonus room above the garage gets hot as balls in the summertime, and the ac running doesn't seem to do enough to cool it down. I've noticed this weird rectangle on both the inside and outside, and I can only assume it used to hold an ac unit. Pictures attached. Is there any reason I couldn't cut this area open on both sides and place an ac unit? We have casement/crank windows up there, so window mount isn't a good option. What are the chances I cut this open and find studs/supports that are going to make this harder than I'm picturing? If this is a bad idea, please let me know. I don't want to end up like Swim Cantore when he almost sealed up his attic door with foam.
it was for sure an AC unit in there, you can tell by the upside down power plug. If there is a stud in there, they added a short support piece in when they took the unit out. Should be easy to remove. I would try to pry the inner-most moulding (quarter circle piece) off of the interior side to see if that is covering nail holes for plywood.