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#71 Re: The Garden » Buying a Home!!! » 659 weeks ago
Just read this now. All the best for you Stacey and Russ.
A new home is a fresh new start and a new life altogether.
Thanks, Otto! We are thrilled.
#72 Re: The Sunset Strip » Traveling... Need entertainment recommendations! » 659 weeks ago
Ok, so this is just me, but I download documentaries that I wouldn't sit down and watch otherwise. The Beatles Anthology videos are highly recommended even if you're not a huge Beatles fan. I also recommend Ken Burns' Baseball, but that may not be appealing to you.
TV sucks. About the only thing I watch every week is Criminal Minds, but I'm not sold on this season. If you've never watched it, start at the beginning.
Cool. Thanks for the suggestion. I'm not into sports of any kind, especially baseball, so I think I'll skip that. I think I've seen an episode of Criminal Minds here and there, but I couldn't pick it out of a lineup of those type of shows.
I was thinking of Breaking Bad, The Walking Dead, and maybe a movie or two I know and love.
#73 Re: The Sunset Strip » Traveling... Need entertainment recommendations! » 659 weeks ago
Stacey wrote:I don't know if you guys have heard, but we're going to Vegas on Monday, lol.
I need some suggestions on TV shows I'm not watching or movies I haven't seen. I want to load up my tablet so I don't get bored when I can't sleep.
Go!
Bored when you can't sleep? You're staying at a casino, right?
On the plane. Should have specified.
#74 The Sunset Strip » Traveling... Need entertainment recommendations! » 659 weeks ago
- Stacey
- Replies: 18
I don't know if you guys have heard, but we're going to Vegas on Monday, lol.
I need some suggestions on TV shows I'm not watching or movies I haven't seen. I want to load up my tablet so I don't get bored when I can't sleep.
Go!
#75 Re: The Garden » Buying a Home!!! » 659 weeks ago
I hate choosing an insurance policy!
#76 Re: The Garden » hurricane sandy » 660 weeks ago
My wife's name is Sandy, so needless to say we've been having a blast with this. Well, I have at least. I don't think she liked being called frankenstorm.
Bhahahaha yeah. My friend at work is named Sandy, and she deals with a lot of moves on the East Coast, so her hurricane has been slowing her down. We've been calling her Frankenstorm too!
#77 Re: The Garden » Buying a Home!!! » 660 weeks ago
Thanks guys. Will do. We will be pretty detached next week while we are in Vegas, but we'll post updates if there are any.
#78 Re: The Garden » Buying a Home!!! » 660 weeks ago
If you know them personally then that's different I suppose, although still risky (to me anyway.) Personally I'd never purchase a home without a standard RE contract that adhered to state laws and deposit as it protects both parties.
Escrow money has nothing to do with realtors, it's standard for any real estate transaction. A good faith deposit could be anything, one dollar if you wanted, but generally is 1% of purchase price held by a third party (usually title company or lawyer) and applied to closing totals.
I'm sure you'll be fine, I'm not trying to be a jerk, it just sounded a bit unorthodox to me (and still does.) When somebody says "The house is ours" but only has a contract, then I tend to err on the side of caution. But if you're buying from a personal friend, then perhaps a laid back approach will work out just fine. In my experience, I trust nobody and have seen seemingly nice people become petty, small minded and vindictive if things don't go their way (low appraisal, inspection issues etc.) I sold my home to a very nice lady two months ago, and despite how well we got along, I made sure she gave me money immediately (she had 3 days from an executed contract) and stuck to her timeline. Thankfully she was great to work with and had her shit together. The couple before her, who also was great (we had them over with their kids), ended up being a nightmare and wasted 6 weeks of my time, lied and wouldn't respond to phone calls after only 3 weeks in.
Yes I'm in the real estate industry.
Well given those experiences, I can definitely understand your hesitation. I'm a cautious person when it comes to trusting people in general (been burned far too many times by friends, family, and strangers), so I think I'm square.
Thanks for the cautious words though.
#79 Re: The Garden » Buying a Home!!! » 660 weeks ago
I've never heard of a seller not requiring any escrow money. Usually it's 1% or purchase price. They must really trust you? Is this an official state bar approved contract that realtors would use? You want to make sure they can't dump you if a higher offer comes in. Usually escrow money held in at a title company would secure a real estate deal and helps both parties adhere to a contract and be protected.
I hope you are having the home inspected? That's the best 200-400 bucks you'll ever spend in your life. You may also want to do an inspection specifically for termites as well if that's a wood frame home.
I'm not trying to be negative, but the house is not yours at all, not even close yet. You have inspections, appraisal, loan approval process and anything else that may come up in the meantime. Likewise I've seen plenty of deals fall apart and some literally fall apart at the closing table. I'm also really concerned that you have an accepted offer without any escrow money or title company involved.
They trust me and know me personally. It's an informal offer to purchase that was provided by my mortgage company. It's not technically legally binding, so either of us could walk away without any true penalty, apart from being an asshole. As for what you said about never having heard of a seller not requiring escrow money, that may be something I don't have to deal with since neither of us are using realtors.
I had the home inspected last Friday, before I made my offer.
I have already done the inspection, initiated the appraisal, been approved for my mortgage, and secured homeowners insurance. I think I'm prepared.
I am not concerned about them having accepted the offer without escrow. I could have (and offered to) write them a check for a good faith payment, but they didn't want it.
Are you a realtor or involved in real estate in any way?
#80 Re: The Garden » Buying a Home!!! » 660 weeks ago
Thanks for the invite. Congrats on the seller covering the costs, and best wishes in the new home.
Yeah, I was pretty firm in my stance on them covering the closing costs. I got a 6% concession for it, which technically is going to cover more than closing costs, but they don't need to know that