Real estate General topic

[paulsharvey]

Very nearly started a Rural politics development-infrastructure thread, but thought better of it. Had a County Commission candidate stop by today, and got to talking with him about some of this. Probably better to not

 

[paulsharvey]

So, got an update. The last property we toured, they contacted our agent and asked if we were still interested. 6.7% drop off asking price, and they will pay for the survey.

Wife really likes this one, I like it well enough, and logically, it checks our boxes. I know some people get excited by the process of buying a house/property. I wouldn't call myself excited, more just ready to get it done.

I know there is a lot of mixed talk about a real estate crash, or maybe not, with high inflation. I dont really know which direction it's going, and it could be a good one bad move, but you can't just sit on the fence forever.

It's going to be uncomfortable, till we sell our current home, but after that, it will be less scary.

 

[ultrarunner]

So, got an update. The last property we toured, they contacted our agent and asked if we were still interested. 6.7% drop off asking price, and they will pay for the survey.

Wife really likes this one, I like it well enough, and logically, it checks our boxes. I know some people get excited by the process of buying a house/property. I wouldn't call myself excited, more just ready to get it done.

I know there is a lot of mixed talk about a real estate crash, or maybe not, with high inflation. I dont really know which direction it's going, and it could be a good one bad move, but you can't just sit on the fence forever.

It's going to be uncomfortable, till we sell our current home, but after that, it will be less scary.

It only has to make sense for you and if values drop some it shouldn’t be a concern unless you need to sell.

Sounds like you still have outs such as approval of the survey.

 

[plowhog]

I know there is a lot of mixed talk about a real estate crash, or maybe not, with high inflation.

I've bought real estate and paid high, paid low, bought in rising markets and falling ones.

One property I bought sold for $3,000 less than what I paid. It was the odd duck in the bunch and if I had held it the property would be worth 3x or 4x now compared to what I paid.

All the others were substantially above what I paid. It's a stable long term investment.

 

[ericm979]

If you accept their counter I hope everything goes smoothly and the property's better than you expected.

 

[paulsharvey]

Working on getting everything situated, but it's crazy how much has to get done within 3 days, and 7 days; and then the 30 day close.

There could be a hiccup; mortage company questions; "is there any cracking or settling?"
The back porch, which is a pole supported roof, with a poured concrete floor Does have cracking. Now, it's not part of the home foundation, but I figure it's better to answer completely honestly.

 

[paulsharvey]

On a related topic; we are thinking about getting 2 weened, banded steers, not immediately.

Also, did a drive by with 2 out of 3 of the kids (we didn't think it was a good idea to take them to a showing), and discussed plans. The big one for me and also son, shop space. I told him, I don't want to do another rigged up, half butt shop, But at the same time, money is gonna be tight for a while. I'm considering a temp or semi perm carport type structure; until we have time and money to make a proper building a priority.

 

[paulsharvey]

On the Tractor theme; I very well might end up (fairly soon), getting a 5 ft bushhog or possibly a 6 ft, and turning up the fuel on the Kioti CK2610. The reports/videos/ect I've seen, suggest you can get a full 35hp when turned up, engine HP. So, that's realistically, 24-26hp at PTO.

I'm going to skip the grapple and 3rd function, but may pick up a set of proper forks. There is going to be a lot of work that needs done.

Also, existing home; it's going to take a lot of work to get ready to list. Outside, several dead trees, about 60 cy of fill need spread, and literal tons of scrap metal.

 

[paulsharvey]

Looks like a CK3510 has 29.7pto HP with a HST, which is higher than I expected; that should run a 72" bushhog.

 

[Jstpssng]

So, I drew a picture, cause I'm not good with words. Parent parcel was divided into A, B, C, D, and E. All parcels, plus the large forestry track behind have access across Parcel-D. Parcel-A has the home, and Parcel-B was included in original sale ad. Parcel-C is owned by an absentee owner in Philly. Parcel D and E are owned by same person, who lives on E, and runs a small grape and cattle operation.

So if I could get A+B, there would still be two easments, one going to the large forestry tract, and one to the small cattle operation. The cattle operation has better access across is own Parcel, but easement remains, so, it's unused, but legally still there. Parcel B has access across A, as well as the large forestry track. The ones along the property lines aren't ideal; but frankly, not a huge concern. The one right down the Center of Parcel A, going to B, however would be a major concern.

I think I messed sketch up, forestry track only has access along the eastern propety line. Only B has the one right down center of A.View attachment 879213

Is this the property which you decided on?