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Off Topic Off Topic - General non-Corvette related discussion. |
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12-29-2016, 5:53pm | #1 | ||||||
A Real Barner
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Did I Do Something Bad In A Previous Life? Buying House Comedy Of Errors Continues...
House #1... seller, the Veterans Administration, rescinded contract because they had no clear title to the property.
House #2... house represented as stick-built, turns out to be manufactured with aluminum wiring on inspection. Walked away. House #3... Great house, great neighborhood, great location, paint some rooms and move in. Seller is a fmr Marine, evidence points to messy divorce in process, he's so tight on this deal he's squeaking. He's borrowing the closing costs from his father, just to sell the place. We're picking up half the closing costs under the table. Officially he's paying them all. We want this house. He can't move one inch on the price, he's at critical mass. I've been moving my shit into a storage unit nearby the place, because this one has been done deal, inspection passed with flying colors, our financials have been ready for a year, it's all done but the heavy lifting... except... The appraisal was this week and guess what the appraiser has to go and declare? Tidewater. He can't find comps to support the asking. My agent is like "here's two, and two more, and two more." The listing agent is like "and here are a few more that I used when we priced it." None of us can understand why we can all find these comps, but this guy can't... So... Pvt Penis Pump has a problem. His house isn't worth what he's asking. Hate. The. World. |
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12-29-2016, 5:59pm | #2 | ||||||
Chief Electrician
Barn Stall Owner #7734 Bantayan Kids '15
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Are you able to come up with the delta between appraised value and sales price? as long as the mortgage company isn't upside down, the rest of the price is up to you.
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12-29-2016, 6:15pm | #3 | ||||||
A Real Barner
Join Date: Oct 2009
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We only just got on this today, we're exploring options. We have lender hoops to jump through too, property-wise...
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12-29-2016, 6:20pm | #4 | ||||||
A Real Barner
Join Date: Oct 2009
Location: 344
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Thanked 7,684 Times in 3,615 Posts
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We haven't even been told what the appraised value is yet. We've just been told he declared tidewater and that the two agents have been supplying him with the missing comps.
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12-29-2016, 6:36pm | #5 | ||||||
Barn Raising II,III
NCM Supporter '13 Bantayan Kids '17
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Please explain "tidewater".
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12-29-2016, 7:03pm | #6 | |||||||
A Real Barner
Join Date: Oct 2009
Location: 344
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I'm just learning myself... my agent sent me this...
Quote:
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12-29-2016, 7:06pm | #7 | ||||||
Barn Stall Owner #122
NCM Supporter '11,'13 Bantayan Kids '13,'14,'17
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I have a feeling that term came from Norfolk area. It's commonly referred to as Tidewater.
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12-29-2016, 7:06pm | #8 | ||||||
A Real Barner
Join Date: Oct 2009
Location: 344
Posts: 14,659
Thanks: 143
Thanked 7,684 Times in 3,615 Posts
Gameroom Barn Bucks: $975924
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We've got two days to provide the comps... which two days? Was today one of those days? If not, is Monday? I love having questions that I ask and people go silent...
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12-29-2016, 7:17pm | #9 | ||||||
Barn Raising II,III
NCM Supporter '13 Bantayan Kids '17
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Location: I could never live there.
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Damn.
I guess now is not the time to tell you that we looked at one house, made an offer, and came to an agreement with the seller... |
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12-29-2016, 8:22pm | #10 | ||||||
A Real Barner
Join Date: Oct 2009
Location: 344
Posts: 14,659
Thanks: 143
Thanked 7,684 Times in 3,615 Posts
Gameroom Barn Bucks: $975924
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Yeah yeah... got an invite to a house warming for a couple the wife and I met at an open house in October and the lady loved all the suggestions the wife had for the place...
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