Cycling and bicycle discussion forums. 
   Click here to join our community Log in to access your Control Panel  


Go Back   > >

Foo Off-Topic chit chat with no general subject.

User Tag List

Reply
 
Thread Tools Search this Thread
Old 03-29-07, 11:50 AM   #1
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Gonna go house shopping soon. Any words of wisdom?

We are tired of living in the ghetto that our neighborhood has become. We have rearranged our finances enough that we feel we can afford a pretty nice house without extending ourselves too much. We want to start looking for a new house asap. Can anyone give any advice about dealing with realtors and the like? 1984 was the last time we moved, and we really didn't have to deal with realtors(bought from FHA). I just don't want to get screwed if I can help it. We need to sell our house before we can get a new one. How is that gonna work?

Any and all advise appreciated! I feel like a teenager trying to deal with a car dealer.






PS...Firefox is telling me I am spelling realtor wrong, but I don't know how else to spell it.
dragracer is offline   Reply With Quote
Old 03-29-07, 11:52 AM   #2
sizzam
Foo-Schnickens
 
sizzam's Avatar
 
Join Date: Dec 2005
Location: PA
Bikes: 1995 Trek Multitrack, 2011 Raleigh Revenio, Airborne Guardian
Posts: 159
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by dragracer
Firefox is telling me I am spelling realtor wrong, but I don't know how else to spell it.
I think Firefox is looking for 'Realtor' (capital 'R').

Last edited by sizzam; 03-29-07 at 11:58 AM.
sizzam is offline   Reply With Quote
Old 03-29-07, 11:53 AM   #3
Hobartlemagne 
Spelling Snob
 
Hobartlemagne's Avatar
 
Join Date: Dec 2005
Location: Plano, Texas
Bikes: Panasonic DX4000, Bianchi Pista
Posts: 2,862
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
The least amount of hassle would be to have a realtor sell the old one and also help you buy the new.
I would imagine the best way to synchronize the move would be to put as much as possible into storage, and live in one of those extended stay hotels til you get the new house.
__________________

The first rule of flats is You don't talk about flats!
Hobartlemagne is offline   Reply With Quote
Old 03-29-07, 11:55 AM   #4
AJC
Member
 
AJC's Avatar
 
Join Date: Jan 2007
Location: Massachusetts
Bikes: Bianchi Veloce
Posts: 40
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
where do you live? alot depends upon your location
AJC is offline   Reply With Quote
Old 03-29-07, 11:56 AM   #5
explody pup
Guest
 
Bikes:
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
Quoted: Post(s)
Dirt-floored crawspace. With some wise planning, you could hide a couple dozen bodies under an average-sized floor plan.
  Reply With Quote
Old 03-29-07, 11:59 AM   #6
superdex
staring at the mountains
 
superdex's Avatar
 
Join Date: Mar 2005
Location: Parker, CO
Bikes: 1x9 mtb commuter, Javelin Boca
Posts: 3,735
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 33 Post(s)
have any friends who'd recommend their realtor? that's a good place to start.

For background reading, I HIGHLY recommend the Motely Fool: http://www.fool.com/homecenter/homecenter.htm?source=LN
superdex is offline   Reply With Quote
Old 03-29-07, 12:05 PM   #7
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Hobartlemagne
The least amount of hassle would be to have a realtor sell the old one and also help you buy the new.
I would imagine the best way to synchronize the move would be to put as much as possible into storage, and live in one of those extended stay hotels til you get the new house.
One big problem is that we have collected SO MUCH SHYYYYT over the past 20+ years that we would never be able to store it all. And I really don't want to get rid of it. We have the normal houseful of stuff. Plus I have a 30'X40' shop building that is also stuffed full of stuff. Racecar, tools, lawnmower, bicycles, shelves full of car parts, numerous workbenches and carts, tons of other stuff. I'm just having a hard time visualizing how people handle moving when they have collected so much "STUFF".
dragracer is offline   Reply With Quote
Old 03-29-07, 12:09 PM   #8
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by superdex
have any friends who'd recommend their realtor? that's a good place to start.

For background reading, I HIGHLY recommend the Motely Fool: http://www.fool.com/homecenter/homecenter.htm?source=LN
Thanks man. That looks like it might be helpful. Will give it a read, and have the wife check it out also. She's the brains of this operation. Will check with the folks I work with and see if they have any recommendations for a good Realtor.
dragracer is offline   Reply With Quote
Old 03-29-07, 12:45 PM   #9
Second Mouse
....gets the cheese
 
Second Mouse's Avatar
 
Join Date: Dec 2005
Location: SLC, Utah
Bikes: Panasonic DX 2000, LeMond Reno, Canondale Caad 8
Posts: 2,539
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
About 4 years ago, we saw a house for sale and really liked it, so we made an offer on the house, contingent on the sale of the house we were living in at the time. We had a great realtor, he listed our house and did the real estate purchase contract on the one we wanted to buy. It was kind of nip-and-tuck, but we ended up doing the sale of the old house and purchase of the new house on the same day, but we didn't have to turn over possession of the old house for about 3 days--gave us enough time to pack up and move to the new place.

Everything had to fall into place and, for the most part, things worked out well. The whole process took about 2 1/2 months. I don't know if something like that would work where you live, dragracer, but it's food for thought.

Cheers.
Second Mouse is offline   Reply With Quote
Old 03-29-07, 12:46 PM   #10
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
location, location, location
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 03-29-07, 12:50 PM   #11
Bob Ross
your god hates me
 
Bob Ross's Avatar
 
Join Date: Apr 2006
Bikes:
Posts: 3,222
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 22 Post(s)
Best advice I ever got regarding buying a house came from my best friend who bought his first house a good 15 years ago. When my wife & I started house-hunting 3 years ago, he told me

"Be sure to wear lots of antiperspirant to the closing."

Sitting there in that room filled with strangers, signing your name to page after page of huge thick incomprehensible legal documents, and then writing all those checks with all those zeros...I was still sweating like a pig!
Bob Ross is offline   Reply With Quote
Old 03-29-07, 12:51 PM   #12
explody pup
Guest
 
Bikes:
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
Quoted: Post(s)
And make sure it wasn't built on an indian burial ground. While it may be fun to live in, it'll eventually get sucked into some kind of strange space/time vortex, completely ruining your investment. And, I assure you, insurance doesn't not cover supernatural vortices.
  Reply With Quote
Old 03-29-07, 01:17 PM   #13
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
One more question. I have no idea what is proper etiquette when offering a buying price. For instance, if the asking price is $125K, what would you make as an offer? Would you offer a few hundred less($124,500), a few thousand less($120k), or what? I'd really hate to overpay for a house, but I'd also hate to look like a damn fool(that could be the tricky part).

David
dragracer is offline   Reply With Quote
Old 03-29-07, 01:19 PM   #14
jsharr
You Know!? For Kids!
 
jsharr's Avatar
 
Join Date: Apr 2005
Location: Just NW of Richardson Bike Mart
Bikes: '05 Trek 1200 / '90 Trek 8000 / '? Falcon Europa
Posts: 6,157
Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
All they can say is no to a low offer, or counter with something inbtween. Decide what you want to pay and offer lower than that so that when the counter you have some room to play. Do not forget to include realtor fees, etc. into your budget.
__________________
Are you a registered member? Why not? Click here to register. It's free and only takes 27 seconds! Help out the forums, abide by our community guidelines.
Quote:
Originally Posted by colorider View Post
Phobias are for irrational fears. Fear of junk ripping badgers is perfectly rational. Those things are nasty.
jsharr is offline   Reply With Quote
Old 03-29-07, 01:48 PM   #15
Second Mouse
....gets the cheese
 
Second Mouse's Avatar
 
Join Date: Dec 2005
Location: SLC, Utah
Bikes: Panasonic DX 2000, LeMond Reno, Canondale Caad 8
Posts: 2,539
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I'd think you're safe offering 85% to 90% of the asking price. Like jsharr said, they can always say no, and unless you think it's a screaming deal, most sellers ask more than they're willing to take. If they're asking $125,000, offer $110,000 or $115,000, they'll probably come back with $120,000, and maybe you can settle at $118,000 or so.

It probably varies according to where you are, but realtor's fees are paid for by the seller where I live.
Second Mouse is offline   Reply With Quote
Old 03-29-07, 01:50 PM   #16
Portis
Banned.
 
Join Date: Sep 2003
Location: Home alone
Bikes: Trek 4300 X 2. Trek 1000, Trek 6000
Posts: 6,019
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by dragracer
One more question. I have no idea what is proper etiquette when offering a buying price. For instance, if the asking price is $125K, what would you make as an offer? Would you offer a few hundred less($124,500), a few thousand less($120k), or what? I'd really hate to overpay for a house, but I'd also hate to look like a damn fool(that could be the tricky part).

David
Proper ettiquette? This isn't golf, it's money. You can offer what ever you want, how reasonable is up to you, sort of depends on how much money you have and how badly you want the house.
Portis is offline   Reply With Quote
Old 03-29-07, 01:54 PM   #17
superdex
staring at the mountains
 
superdex's Avatar
 
Join Date: Mar 2005
Location: Parker, CO
Bikes: 1x9 mtb commuter, Javelin Boca
Posts: 3,735
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 33 Post(s)
Quote:
Originally Posted by dragracer
One more question. I have no idea what is proper etiquette when offering a buying price. For instance, if the asking price is $125K, what would you make as an offer? Would you offer a few hundred less($124,500), a few thousand less($120k), or what? I'd really hate to overpay for a house, but I'd also hate to look like a damn fool(that could be the tricky part).

David

If you think the house is worth 125k, you offer that. If you think it's worth 105k, you offer that. You're not buying a house to show how nice you are.
superdex is offline   Reply With Quote
Old 03-29-07, 02:12 PM   #18
bigskymacadam
so whatcha' want?
 
bigskymacadam's Avatar
 
Join Date: Mar 2005
Location: Charlotte, NC
Bikes:
Posts: 1,709
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
usaa has a good program for home buying (mover's advantage) ... you get $$$ back after the sale. if you can't get into usaa, might as well tell the realtor you're working with about that program and they might have a compatible product (meaning a rebate or discount on fees/commissions). our reserve realtor from bissell hayes said she would match if we went with her ...

the asking price for the house we have was above the comps in the area. we made an offer based on these comps and really, the seller is expecting to have to negotiate. as much as we loved the house, we wouldn't pay more than the market will bear. frankly, no one should.

so .... see what the % of the asking price for the homes in the area (realtor will help with that) are selling for, get comps for homes in the area, and stick to your guns on your offer.
bigskymacadam is offline   Reply With Quote
Old 03-29-07, 02:25 PM   #19
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by Portis
Proper ettiquette? This isn't golf, it's money. You can offer what ever you want, how reasonable is up to you, sort of depends on how much money you have and how badly you want the house.
Yeah. "Etiquette" Is probably not the right word. I just don't want to make an offer so low that the seller would think I'm just "kicking tires".

bigsky....what is usaa?? Never heard of it.
dragracer is offline   Reply With Quote
Old 03-29-07, 02:28 PM   #20
aadhils
Bike Junkie
 
aadhils's Avatar
 
Join Date: Mar 2005
Location: Santa Clara, CA
Bikes: Orange Brompton M3L; Milwaukee Bicycle Co. Fixie (Eddy Orange)
Posts: 1,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
It might also be wise to buy a crappy house in the ghetto and renovate it so it looks nice. Over time the value of the house would increase drastically and the ghetto might not be a ghetto anymore. I know a lady that did that and the value of the house increased by over 1m dollars...
aadhils is offline   Reply With Quote
Old 03-29-07, 02:29 PM   #21
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by aadhils
....... buy a crappy house in the ghetto .......
Already got one of those. J/K!
dragracer is offline   Reply With Quote
Old 03-29-07, 02:31 PM   #22
bigskymacadam
so whatcha' want?
 
bigskymacadam's Avatar
 
Join Date: Mar 2005
Location: Charlotte, NC
Bikes:
Posts: 1,709
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
oops. sorry. usaa.com; credit union for military, spouses, family of military.
bigskymacadam is offline   Reply With Quote
Old 03-29-07, 02:36 PM   #23
aadhils
Bike Junkie
 
aadhils's Avatar
 
Join Date: Mar 2005
Location: Santa Clara, CA
Bikes: Orange Brompton M3L; Milwaukee Bicycle Co. Fixie (Eddy Orange)
Posts: 1,590
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by dragracer
Already got one of those. J/K!
Or buy a big plot of land in the Ghetto and build a house on it...
aadhils is offline   Reply With Quote
Old 03-29-07, 02:45 PM   #24
dragracer
Senior Member
Thread Starter
 
Join Date: Aug 2002
Bikes:
Posts: 620
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by AJC
where do you live? alot depends upon your location
I see these posts about location, but I'm not sure what ya'll are referring to. There are houses just about everywhere aren't there? I mean, sure, cost of housing is different depending on where you want to live, but I'm just not sure what you're getting at. FWIW... We live in southwest Missouri. Near Kansas, Oklahoma, and Arkansas. It's a fairly rural area. Definitely not the "big city".
dragracer is offline   Reply With Quote
Old 03-29-07, 02:50 PM   #25
TexasGuy
That darn Yankee
 
TexasGuy's Avatar
 
Join Date: Jun 2005
Location: West West Fort Worth
Bikes: Mongoose XR-100, Eros Bianchi
Posts: 4,286
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Remember alll across the USA it's pretty much a buyer's market - which means the buyer sets the rules.

#2 - MAKE SURE YOU DO NOT GET a "fixed rate mortgage" that only lasts for a few years. There is a difference supposedly and alot of people are getting burnt.

#3 - Helps to have a downpayment. It makes the person you'r buying from alot more willing to say yes especially if you're not going through a realtor.

#4 - Realtors are not really out there for anybody but their own best interests despite everything they say and everything they say they will do.
__________________
Life is about hanging onto what you think is important and finding out what really is important.
"Stop Ruining my joke!", "No, a joke implies humor attached at no additional cost"
So many sayings, so little sig space.
TexasGuy is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -6. The time now is 05:48 AM.