Main > Everything Else
Buying my first house **update** offer accepted, I got a house.
Jdurg:
--- Quote from: myntik1 on February 11, 2008, 02:04:25 pm ---As a recent homeowner I would like to provide a few things I wished I had done:
I wish I would have visited the house after a good rain storm. My basement leaked and because it was an estate sale and the daughter lived in Cali she claimed she had no knowledge of it.
Turn on a bunch of applainces and lights and see what happens. I had 50 Amp fuses, but it was wired wrong in half of the house.
Don't just turn on the water, let it run for a minute and see if the drains are clogged
--- End quote ---
That "should" all be part of a standard inspection. When my pre-closing inspection was done, the inspector got on the roof and look at all the shingles and chimneys and connections to the roof, he also went out back and turned on the water faucet and hose and let it run for half an hour to see how the drainage was, how the water pressure was, and various other items relating to the water. He then spent a good deal of time in the basement checking for any leakage. A year before I bought the house, a VERY expensive drainage system was installed in the basement due to a prior flooding problem. After MANY very heavy rain storms, the basement is as dry as can be.
He also went to every single electrical outlet and tested the polarity and the load that could be handled. The entire inspection took about 7 hours. I was very impressed with how thoroughly it was done, and because of it I've had zero 'surprises' with my home.
myntik1:
I paid about 5 hundred overall. The inspector got about 375 (2.5 hours) and the termite guy got a 125 (1 hour). Once again I got beat by my realtor. I let her direct me to the people I should use for everything - inspection, mortgage, home repairs the seller had to pay for and to get my floors done. Overall I would have to say she went Jet Li on me. My inspection sucked, my mortgage is fine because I have good credit so they couldn't screw me, some of the repairs were done half-arsed, my floors sparkle but they cost 1K more than she said they would. I'm the idiot though. I would never let my bank or my car dealership tell me where to bring a car in to have it inspected before purchasing it, but I let my realtor tell me what to do.
You want to find the most detail oriented guy you can for your inspection. A 7 hr inspection though must have cost a mint though.
unclet:
Yes, always get your house inspected and then go to a title company which will do all the paperwork for you as well as determine whether there are any leans on the property you are going to purchase. If the title company determines no leans exist, and then there happens to be one, then the title company is at fault and not you.
I never use a realtor when buying a house but I also make sure to get an inspection and use my own title company.
Jdurg:
--- Quote from: myntik1 on February 12, 2008, 10:33:49 am ---I paid about 5 hundred overall. The inspector got about 375 (2.5 hours) and the termite guy got a 125 (1 hour). Once again I got beat by my realtor. I let her direct me to the people I should use for everything - inspection, mortgage, home repairs the seller had to pay for and to get my floors done. Overall I would have to say she went Jet Li on me. My inspection sucked, my mortgage is fine because I have good credit so they couldn't screw me, some of the repairs were done half-arsed, my floors sparkle but they cost 1K more than she said they would. I'm the idiot though. I would never let my bank or my car dealership tell me where to bring a car in to have it inspected before purchasing it, but I let my realtor tell me what to do.
You want to find the most detail oriented guy you can for your inspection. A 7 hr inspection though must have cost a mint though.
--- End quote ---
The inspection cost me $725, but it was worth every penny.
lordtodd75:
They just countered and they aren't conceding much in there asking price. I know they are just grasping at straws, trying to get a higher price. It is pretty risky though, especially given the fact that they need to get out of there asap, not to mention the current real estate market. Upon closer inspection of the local market, it seems my appraisal of there house may have been high. Seems that maybe I was right on with my offer, so I am not sure if I want to go much higher. Maybe I will concede 3 grand. I guess I will see how my fiance and I feel in the morning. It is always good to sleep on things.
Navigation
[0] Message Index
[#] Next page
[*] Previous page
Go to full version