Real estate General topic

[ultrarunner]

Sometimes the middlemen can kill a deal or even work against it if they have ulterior motives like selling to a friend.

I bought a home that I could not get a viewing… contacted the estate and said such and the doors opened.

Another home the week of closing with everything in the sellers called and said sorry it didn’t work out???

I’m dumbfounded… seller worked as a mortgage broker and heard underwriting at Well Fargo killed it saying they missed seeing the home was on 5.9 acres and they do not lend over 5 acres… how can you miss is something I still can’t comprehend.

I call the lender and learn and then call my agent who says yes… it’s true and not enough time to find a new lender…

I respond screw it… I’m paying cash and we close on schedule!!!

I called in every favor I had to scrape together the cash to close.

Within 30 days all were paid back with the proceeds from my new first loan…

None would accept interest and most were not related such as my former boss and a friend whom I restored his Model A…

 

[WinterDeere]

Every agent and broker should tell their sellers to have any inquires directed to them. You're hiring a pro for a reason.

I've maintained good relationships with both the buyer of my prior house, and the prior owner of my current house.

The guy who bought my old house called me maybe twice in his first few years there, to ask how something worked or if I knew the history on some detail.

The guy who I bought this house from asked once if they could stop by to measure moldings or compare paint swatches, as they tried to copy of the the details that had added here into their new home. Likewise, I've called him a few times to ask what a various switch does (one took us maybe 6 years to figure out! ), or if he remembered where various utilities were buried.

Make a fair and honest deal, and usually everyone on both sides can stay happy. I still see the guy from whom we built this house a few times per year, I'm a regular customer of one of his businesses, and his grandkids are in many activities with my kids.

 

[paulsharvey]

I think the separation is good for a couple reasons; 1) You work out a side deal while you have an agent, that agent has every right to come after you for breach of contract and collect their %. 2) business is business, and the buyer or sellers sob story just doesn't matter, this a game of numbers; 3) there is always the chance that someone does or says something thats a liability (in written disclosure they said X, but verbally they admit Y happened, think leaks, or repairs).

But, I dont mind meeting him after the money is in my account, and walking through breakers, roughly where the water supply comes to house from well, and how it runs to the garden and shed. Im nearly 100% sure he's going to want to exchange contact info, and... I probably will give him my number and most likely a less used email address. I can always block him later if he asks a dozen things, or i get complaints.

 

[paulsharvey]

Unrelated to my sale, but real estate. Yesterday I spent like 10 hours driving subdivision roads for work, in a very large development, down each stinking cul-de-sac, every road, while looking at work details, so, not just a relaxing cruise.

After a couple hours; and maybe the 9th "Woodland Mills Circle Lane, whateve" i was thinking, 1) every house looks almost the same; this group of cul-de-sacs, every house is brick (faux brick i assume), this one is all stucco, this one is hardi, every yard is nearly identical, ect. 2) maybe 1% or less of the homes did you see any sign of life, yeah, cars there, but no sound, no people outside, nothing. 3) These neighborhoods aren't for me; the houses were nice, but I think I'd go crazy. Yeah, so.etimes I hear the biker bar, and maybe its a bit annoying, or i get annoyed that someone doesn't pick up the trash that the stray dogs tore up, but each place is Different

 

[ultrarunner]

Many of my purchases and several of my sales occurred without brokerage or agents…

I did have one where the seller called a Realtor friend that charged 1% to Shepard the deal and actually helped me greatly by making one change to the purchase agreement regarding rent back if not vacated after 30 days from close of escrow… step daughter was a mess and primary reason for selling and moving to retirement community.

 

[grsthegreat]

Unrelated to my sale, but real estate. Yesterday I spent like 10 hours driving subdivision roads for work, in a very large development, down each stinking cul-de-sac, every road, while looking at work details, so, not just a relaxing cruise.

After a couple hours; and maybe the 9th "Woodland Mills Circle Lane, whateve" i was thinking, 1) every house looks almost the same; this group of cul-de-sacs, every house is brick (faux brick i assume), this one is all stucco, this one is hardi, every yard is nearly identical, ect. 2) maybe 1% or less of the homes did you see any sign of life, yeah, cars there, but no sound, no people outside, nothing. 3) These neighborhoods aren't for me; the houses were nice, but I think I'd go crazy. Yeah, so.etimes I hear the biker bar, and maybe its a bit annoying, or i get annoyed that someone doesn't pick up the trash that the stray dogs tore up, but each place is Different

Haha. Reminds me of the time i went into a very exclusive golf club resort area here in town. Manned entry gate, the whole works. Cottages started at 2 million. The house i was wiring cost 14 million. One main architect was involved. He was from Colorado. Every house looked the same. All stone and wood.

I asked myself…if i lived here and came home drunk….id never find my house. They all looked the same.

Not for me.

Plus…i despise golf.

 

[paulsharvey]

I actually texted my wife and said, "I think i hear pickelball and white folks boiling unflavored chicken breast to dip in low sodium, low fat, ultra mild ranch"

Sorta like the old "paddle faster, I hear banjos"; but i feel much more at home in around the banjos

 

[WinterDeere]

After a couple hours; and maybe the 9th "Woodland Mills Circle Lane, whateve" i was thinking...

Hell comes with vinyl siding.

Every time I drive thru any modern development, even the up-scale ones of million-dollar homes, I think I'd probably turn suicidal if I ever found myself living in one.

 

[paulsharvey]

We got closed on the sale of the old house and property. Im happy with the number, not excited, not disappointed, just happy to be done with it, and think I did OK. Gonna take that money, and roll it into new home, and refinance, and get rid of PMI, and refinance for a full 30 year term, to get payments down to a more reasonable level.

I still am going to meet the new buyer to show him shut offs, breakers, ect.

 

[ultrarunner]

When I sold a home to a young couple they were thrilled I offered to show them features like how the sprinklers were set up, how to light the furnace pilot and give them manuals for the appliances, etc…

5 years later they still forwarded the occasional letter and very happy I introduced them to the neighbors…

I still visit friends on the block and if we happen to see each other in passing we wave… sold in 2004