Found a house I want to buy

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SlowSpyder

Lifer
Jan 12, 2005
17,305
1,001
126
interesting. never heard of that before.

I guess normally if you went through a realtor, they would take your offer and if the seller didn't like it, they would come back and say no, but then you could make another offer if you wanted to.

I m going to offer 142k initially on this one. I can do 149k but if I can get it a little cheaper, that would obviously be nice.

Seems like they want to get move asap and form what I am told by the realtor, there as an elderly couple that looked at it but they need to sell their own house first. Otherwise I am the only person so far. I don't have a house to sell or anything like that so I have a head start there.


That house was a forclosure, bank owned. I didn't know that they ever sold like that either until I made the offer and was too low to win the bid... someone else was higher and I missed out on that house. The house I just bought was your conventional, non-short sale, non-forclosure. I made a good offer and they accepted without a counter offer. I like this house, so I'm happy, even though I think the other house had a bit more potential.
 

Red Squirrel

No Lifer
May 24, 2003
67,933
12,383
126
www.anyf.ca
Congrats! I remember the feeling of getting my first house, was awesome. It's already been about 3 years, crazy how fast it goes. I searched for 2 summers. The first summer my budget was just too low for what I wanted, so I waited. The next summer I found one fairly quick. It's awesome living alone and having your own Independence. Even more awesome when it's property you own. Lot of work though, but it's rewarding to finish a project.

If you need to do anything involving redoing floors etc, DO IT NOW! Better than trying to do it when there's furniture.
 

pontifex

Lifer
Dec 5, 2000
43,806
46
91
Congrats! I remember the feeling of getting my first house, was awesome. It's already been about 3 years, crazy how fast it goes. I searched for 2 summers. The first summer my budget was just too low for what I wanted, so I waited. The next summer I found one fairly quick. It's awesome living alone and having your own Independence. Even more awesome when it's property you own. Lot of work though, but it's rewarding to finish a project.

If you need to do anything involving redoing floors etc, DO IT NOW! Better than trying to do it when there's furniture.

unless something comes up in the inspection, this house shouldn't need anything. this thing looks almost brand new.
 

Dubb

Platinum Member
Mar 25, 2003
2,495
0
0
THIS, THIS, AND THIS.

A home inspection done by a good inspector will make or break a deal.

Had to back out of escrow on a place when the inspector found that the roof was pulling itself apart due to the slab shifting. Saved me a ton of money and headache in the long term.

While home inspections are usually required, and a reasonable superficial practice to go through, it's important to remember that inspectors have little to no real liability (read the fine print on the contract), and often rely on realtors for business...So they can be hesitant to be too vocal about potential problems, as it's bad for business.

If I were to buy a house...I'm bringing my best structural engineer and my best residential contractor, and they're going to look at EVERYTHING.
 

FallenHero

Diamond Member
Jan 2, 2006
5,659
0
0
While home inspections are usually required, and a reasonable superficial practice to go through, it's important to remember that inspectors have little to no real liability (read the fine print on the contract), and often rely on realtors for business...So they can be hesitant to be too vocal about potential problems, as it's bad for business.

If I were to buy a house...I'm bringing my best structural engineer and my best residential contractor, and they're going to look at EVERYTHING.

Unless you are close friends with one, a true Structural engineer would run you thousands of dollars to bring out and look at a house.

Many home inspectors were general contractors or still are. They are paid to find problems and merely note them. It is really up to you what to do with it. Go outside the realtor if you have to and ask around.
 

kevman

Diamond Member
Apr 20, 2001
3,548
1
81
make sure its not in a flood zone, I was in atty review on an awesome place and found out it was in a flood zone and had no choice but to break out of it.

What part of PA? You could probably look up the flood plain maps on the town's website online.
 

boomhower

Diamond Member
Sep 13, 2007
7,228
19
81
Congrats and good luck. Welcome to one of the most stressful things you will go through. I bought my first house a couple of months ago.(3/2 1500sqft $58k forclosure, living in the poorest county has it's advantages. Nice houses go cheap because hardly anyone can afford to buy)
 

pontifex

Lifer
Dec 5, 2000
43,806
46
91
make sure its not in a flood zone, I was in atty review on an awesome place and found out it was in a flood zone and had no choice but to break out of it.

What part of PA? You could probably look up the flood plain maps on the town's website online.

nope, not in a flood plain.
 

Capt Caveman

Lifer
Jan 30, 2005
34,547
651
126
While home inspections are usually required, and a reasonable superficial practice to go through, it's important to remember that inspectors have little to no real liability (read the fine print on the contract), and often rely on realtors for business...So they can be hesitant to be too vocal about potential problems, as it's bad for business.

If I were to buy a house...I'm bringing my best structural engineer and my best residential contractor, and they're going to look at EVERYTHING.

Not sure if serious. I've pulled out of offers on several houses due to the home inspection.
 

Dubb

Platinum Member
Mar 25, 2003
2,495
0
0
Unless you are close friends with one, a true Structural engineer would run you thousands of dollars to bring out and look at a house.

In some markets, maybe. Around here I've seen plenty of folks put up $400-600 for a few hours time and a brief report.

Many home inspectors were general contractors or still are. They are paid to find problems and merely note them. It is really up to you what to do with it. Go outside the realtor if you have to and ask around.

The problem is, they often DON'T find problems. Having seen dozens of clients, not to mention several licensed architects and engineers, get burned by trusting that their home inspector did an adequate job, I'm inclined to say that current practice isn't good enough.

What's more, their contracts are written as to make them almost pointlessly lopsided. Despite the number of times I've seen people have problems with their houses shortly after moving in, I can count on two fingers the times anybody got a dime from the inspector for missing something big.
 

Dubb

Platinum Member
Mar 25, 2003
2,495
0
0
Not sure if serious. I've pulled out of offers on several houses due to the home inspection.

Yes, as I said, it can be useful, but people tend to believe inspectors are much more thorough than they actually (usually) are.
 

purbeast0

No Lifer
Sep 13, 2001
52,931
5,803
126
congrats man, wife and I are looking as well.

holy shit if houses around here were $150k...

can't even get a condo for like less than $300k here unless you want to live in a shithole or a ghetto neighborhood, which isn't really around here then heh.
 

Childs

Lifer
Jul 9, 2000
11,450
7
81
Yes, as I said, it can be useful, but people tend to believe inspectors are much more thorough than they actually (usually) are.

Yeah, without opening up walls the inspector is just looking at superficial things which wouldnt necessarily stop anyone from buying a house. The report is useful, but its not comprehensive by any means. When my agent and myself look at houses, we are fairly thorough, and I can see a lot of the issues and factor that into whether or not I'd place an offer. I'm fairly sure an inspector's report will not change whether or not I want the house.

Of course, I could just be delusional from watching too much Holmes Inspection.
 

pontifex

Lifer
Dec 5, 2000
43,806
46
91
Well all the paperwork is done for my initial offer and the realtor should be meeting with the seller about now. Should have an answer as the whether they accept it or counter offer by tomorrow evening.

I feel pretty good about it.
 

pontifex

Lifer
Dec 5, 2000
43,806
46
91
Realtor just called me. The seller accepted my offer!

As long as home inspection goes well and my financial stuff goes through, I'll be getting a house!
 

clamum

Lifer
Feb 13, 2003
26,255
403
126
Realtor just called me. The seller accepted my offer!

As long as home inspection goes well and my financial stuff goes through, I'll be getting a house!
Woot! Definitely post some pics once you get a chance.
 

alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
Seriously, check out the neighborhood on friday/saturday night even if you have to hang out late.

There are a lot of 'meant to rent' people living in the best of places.
 

Dr. Zaus

Lifer
Oct 16, 2008
11,770
347
126
Seriously, check out the neighborhood on friday/saturday night even if you have to hang out late.

There are a lot of 'meant to rent' people living in the best of places.

Could you define "meant to rent" a little better, I think looking out for these social-subversives is a key concern for the OP and he should know what he's looking for.
 

alkemyst

No Lifer
Feb 13, 2001
83,967
19
81
Could you define "meant to rent" a little better, I think looking out for these social-subversives is a key concern for the OP and he should know what he's looking for.

sort of like you honestly. None of your real skin in the game and in a house in a nice neighborhood while being supported by the gov'ment.

Too many renters out there and too many desperate property owners.


YHPM

AT Moderator ElFenix
 
Last edited by a moderator:

pontifex

Lifer
Dec 5, 2000
43,806
46
91
I need to find a home inspector. Going to have full house inspection, full water testing, termite, and radon.

The realtor gave me a few brochures for companies and recommended one of them specifically.

in my research so far, they have been the least expensive by about $50 or more.

The one she recommended is ASHI certified and certified radon tester with PA DEP.

Not really sure how to pick a home inspector...any help?
 

Imp

Lifer
Feb 8, 2000
18,829
184
106
Kind of like choosing any other contractor: go by reviews and recommendations. Certs sound like something fake-able, just like online reviews. If you can get someone you trust that they trust, that'd work.

Otherwise, if you have the money, getting more than 1 to go through your house, then comparing notes would be the most "scientific".

And congratulations!
 
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