House Purchase Advice

***ViPER1313*** · 09-10-2009, 10:20 AM

So the previous house didn't work out and I went looking again. I decided that it was stupid to try and bid up 150k houses to 170k when I could look at 180k houses and bid them down to 170.....

The new digs - owner accepted my offer this morning (so long as the FHA inspection stuff goes OK, which it should):

[Image: fr70994070.jpg]

I'm f-ing stoked.

ScottyB · 09-10-2009, 10:21 AM

looks nice! congrats man.

**JustinG** · 09-10-2009, 10:21 AM

awesome, does she come with the house? Id def pay that if it came with a maid.

I can picture the SHO farm in the front yard already.

WRXtranceformed · 09-10-2009, 10:38 AM

Nice find bro, that is really exciting! Congrats!!!

How old is it and what types of maintenance has it had on it?

CaptainHenreh · 09-10-2009, 10:46 AM

Nice! Congrats dude!

***ViPER1313*** · 09-10-2009, 10:48 AM

It was built in 1978.

Roof was replaced around 15 years ago w/ a 30 year roof, still looks fine, newer hot water heater, new garage door, new windows on 1/2 of the house ("the drafty side" - lol), newer washer and dryer.

It's going to need some minor drywall repair and paint (the woman's husband had alzheimer's and lost it a bit at the end), new carpet throughout (70s shag doesn't do it for me), its missing some cabnet faces in the kitchen.

It does need some work, but I can do 90% of it myself.

WRXtranceformed · 09-10-2009, 11:04 AM

Nice. It looks like you have a really good homesite too with some mature trees. That's always a bonus! Any deck off the back? We def need some more pics.

D_Eclipse9916 · 09-10-2009, 11:42 AM

Nice! Cant even find that for double the price you paid around here.. MM burn the new house down cookout? Tongue

***ViPER1313*** · 09-10-2009, 12:20 PM

You know it.

No deck (it is on the shorter list of improvements I want to do to the house), and I don't have any more pictures of the house (didn't bring my camera.)

I'm just hoping the inspection doesn't turn up any deal breaking issues with the house (structural issues, termites, bad roof, corpses in the attic.) The woman will have to nail a couple of boards over the back sliding door for it to pass the FHA inspection (there are no steps.....), although that is the only thing I saw that I really thought would fail FHA standards.

HAULN-SS · 09-10-2009, 03:36 PM

Frederick?

**Mike** · 09-10-2009, 08:21 PM

D_Eclipse9916 Wrote:Nice! Cant even find that for double the price you paid around here..

triple.

congrats, adam!

***ViPER1313*** · 09-11-2009, 03:44 PM

Anything I should look for when picking a settlement company? My real estate agent sent me the following email:

Beltway title has been working on paperwork for this house and has offer a
> $300 discount if we use them. Is that okay with
> you? Need to confirm which Settlement Company
> today.
>
>
> Other choices
> would be Village Settlement or Olde Town Settlement $100
> discount each or
>
> Blue Ridge or
> Sage. At our office.

??????

**Mike** · 09-11-2009, 05:02 PM

i'm sure you can look reviews up online. you DON'T want a settlement company that sucks. they hold all the marbles and can basically fuck you as they please. stay away from wells-fargo... sister just had a hell of a time with them.

WRXtranceformed · 09-12-2009, 01:57 AM

Some realtors have relationships with certain real estate companies and get kickbacks from them, which may be why they are referring you to them. I would do some quick research and find a reputable one in the area.

Evan · 09-12-2009, 05:27 PM

a settlement company is someone you want in your corner, representing and hired by you. I really dont like the idea of settlement company affiliations with a seller or a realtor. (there is a reason that by law a seller/agent/bank cannot dictate what settlement company you must use)

btw, congrats adam. home ownership is awesome. your house actually looks very similar to mine.

***ViPER1313*** · 10-15-2009, 10:22 AM

Closed on it yesterday - everything went relatively smoothly. Thanks to everyone for all of the advice offered here. Now the real work starts :wink: I'm really excited about this whole deal. The house needs a decent amount of TLC, but the previous owner took care of most the plumbing issues, fixed the garage door and did a nice job of cleaning the house before she left :beer: . If I'm feeling extra ambitious I'll start a project thread.

Feersty · 03-25-2010, 03:18 PM

Wife and I are under contract right now. 2,500 square foot house with a 2 car garage, NW side of San Antonio, just west of IH-10.

[Image: IS16fu1v13dcs6b.jpg?op_sharpen=1&qlt=90&size=460,300]

[Image: IS16fu1v13dcs6b.jpg?op_sharpen=1&qlt=90&size=460,300]

Anyone of you could afford something really nice down here. Just so you know.

Move to Round Rock, TX, about 15 miles north of Austin. Dell is there and there are tech jobs everywhere. :thumbup:

***ViPER1313*** · 03-25-2010, 05:28 PM

Only problem is that I would have to live in TX.....

Hope you like it and best of luck to the both of you!

.RJ · 03-25-2010, 07:43 PM

ViPER1313 Wrote:Only problem is that I would have to live in TX.....

Dont want to upgrade from Fredneck? :lol:

**Mike** · 03-25-2010, 10:36 PM

ViPER1313 Wrote:Only problem is that I would have to live in TX.....

Hope you like it and best of luck to the both of you!

And work for Dell...

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