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RE: Home purchase-mistakes and shrewd moves - 3/26/2007 11:26:11 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		2 nitpicky apraiser tore my place apart.  i might not get the mortgage. im putting 20% and borrowing 25k.

many cars cost 25k!!!!

im so very pissed off over their nit pickiness i might just pay cash!!!

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Profile   Post #: 141
RE: Home purchase-mistakes and shrewd moves - 3/26/2007 11:31:51 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		AND considering it is a dump- i want lower property taxes as well!!

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Profile   Post #: 142
RE: Home purchase-mistakes and shrewd moves - 3/26/2007 11:32:20 AM   
KatyLied


Posts: 13029
Joined: 2/24/2005
From: Pennsylvania
Status: offline 		Appraisers are a trip.  I did a home construction, so they had to appraise similar houses.  I gave the appraiser the address of the house, in the same town, that mine was going to be exactly like.  I said exactly like.  She chose other houses for comparisons.  I have a bi-level, she chose raised ranch houses for the appraisal, it made no sense to me.  Especially when there were similar bi-levels in my own neighborhood.  She selected raised ranch homes in the same town.  But they are nothing like my house.  Weird.

_____________________________

“If you want to live a happy life, tie it to a goal, not to people or things.”
- Albert Einstein

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Profile   Post #: 143
RE: Home purchase-mistakes and shrewd moves - 3/26/2007 5:15:30 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		hi Katy, it occurred to me- if it doesn't appraise out- then the seller might have to drop the price. i been working my azz off...and i dont technically own it yet.  the landlord here want $375 + all utilities AND he is chopping it into 2 rentals.  so- i am moving on no matter what.

if one drives 20 miles back from the maon highway u will see old shantees- w no running water!!!
i KNOW the place is "habitable"--

arghhhhhhhhhhh!

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Profile   Post #: 144
RE: Home purchase-mistakes and shrewd moves - 3/26/2007 6:22:40 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: pahunkboy

hi Katy, it occurred to me- if it doesn't appraise out- then the seller might have to drop the price. i been working my azz off...and i dont technically own it yet.  the landlord here want $375 + all utilities AND he is chopping it into 2 rentals.  so- i am moving on no matter what.

if one drives 20 miles back from the maon highway u will see old shantees- w no running water!!!
i KNOW the place is "habitable"--

arghhhhhhhhhhh!


Bud...you and I have spoken before....

Buy.

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Profile   Post #: 145
RE: Home purchase-mistakes and shrewd moves - 3/28/2007 7:04:17 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		the bank called w all the appraisers demands. i sorta became ungentlemanly. said they can kiss my azz.

when i see the written report- if they went too far-im filing a complaint. with whomever..... shttheads!

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Profile   Post #: 146
RE: Home purchase-mistakes and shrewd moves - 3/28/2007 7:13:59 AM   
KatyLied


Posts: 13029
Joined: 2/24/2005
From: Pennsylvania
Status: offline 		The seller can drop if they are serious about selling.
The bank won't budge.  If you want the house you'll have to make up the difference.
So I guess you aren't buying and are now out the money you spent on improvements.  You know, you shouldn't make any firm plans until it closes.


_____________________________

“If you want to live a happy life, tie it to a goal, not to people or things.”
- Albert Einstein

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Profile   Post #: 147
RE: Home purchase-mistakes and shrewd moves - 3/28/2007 10:04:51 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		hi Katy. the place im buying is a forclosure. the holder is in Utah, 3000 miles away.

i went and talked to the banker- she has a better idea of the scenario. im about to take a load of stuff over.  they actually DID sign one of the 2 addendums we needed. i think i will be ok.  :-D~~

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Profile   Post #: 148
RE: Home purchase-mistakes and shrewd moves - 3/28/2007 3:49:50 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: pahunkboy

the bank called w all the appraisers demands. i sorta became ungentlemanly. said they can kiss my azz.

when i see the written report- if they went too far-im filing a complaint. with whomever..... shttheads!


Buy.

(You can thank me later).

< Message edited by Griswold -- 3/28/2007 3:50:28 PM >

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Profile   Post #: 149
RE: Home purchase-mistakes and shrewd moves - 3/28/2007 6:28:37 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: Griswold

quote:

ORIGINAL: pahunkboy

the bank called w all the appraisers demands. i sorta became ungentlemanly. said they can kiss my azz.

when i see the written report- if they went too far-im filing a complaint. with whomever..... shttheads!


Buy.

(You can thank me later).



while i was there- a sorta mad man asked me if i bought the place- i said "yup".
i patched walls- and laid tile today. looks good. i think i can meet the demands. when i was a kid i always had the best treehouse on the block. so some skills are "rediscovered" also im tightwad of the century.  i installed a light fixture i had gotten from a dumpster!~ well apparantly the glass peice broke.--duh- use different lightbulbs. anhyhow it looks kick azz. it is in the main bedroom.

lowes has scratch and dent stuff. i got packs of wood tiles- 7 at 10.00$, retail $70 each. [a few peices have bent corners.]  so that is about $500 of flooring for $70. [the flawed peices use where tiles need cut]

come hell or high water i am buying THAT place. 12 rooms- of space- I can do as i please!!~!

i managed to move my $300 window treatments over today and my mountain bike.

i installed those modern flush light switches- about $4 in teh stores i got at a garage sale.  i spent 2 hours simply trouble shooting light bulbs.  [some burnt out ones came here...and good one went there....-whoopzy]

;-D~



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Profile   Post #: 150
RE: Home purchase-mistakes and shrewd moves - 3/29/2007 6:24:08 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		productive day.
[the rotten landlord cut down my pine tree!!-on 2nd floor it shades place...so whoever is here next will have higher electric bill. He also threw out an expensive gas grill --] [what a nut...he is working his way back too fast!]
anyhow- got moms old blue carpet laid in the front bedroom, her curtains hung. 2 window treatments hung.
took a few loads over. I just get the feeling I need to go faster. The contractor could not believe how much I got done.  Puttered with flooring 2ND floor back bedroom, which will be hardwood. The I 1/2 painted the kitchen a fresh white color. It is rough- but it is a start.
My back is hurting.
The paperwork for the mortgage is coming into place. I am making progress on making the appraiser "happy".
There is no looking back.
I want out of this tree house!!
The dog and the bird know something is up!
I see gas is spiking up.
I am looking forward to closing as now I'm paying 2 light bills- 2 gas bills- 2 phone bills- arghh.

(in reply to pahunkboy)
Profile   Post #: 151
RE: Home purchase-mistakes and shrewd moves - 3/30/2007 2:34:29 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		things seem to be progressing to a closing. i called all utilities here for shut off.

i called the bank w update= it is all in good shape. mom closed on her condo today.

i should be over there putting in floor coverring. friday traffic is atrocious... maybe later. im sorting the garage. i do woodworking as a hobby- so been separating good junk from junk i dont want.

im really looking forward to my new life!!    12 rooms- MINE well the banks,,,lol.

i love the $255 house payment. april 1, i am to shell out $375 rent.  that landlord cut down the pine tree. 2nd floors get hot in summer.  i want out of here bad.

the timing on all this is good.   a handfull of ppl wanted that same property. well i was the persistant one... and i look forward to signing the dotted line!!

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Profile   Post #: 152
RE: Home purchase-mistakes and shrewd moves - 4/6/2007 1:10:42 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		thingd have been very stressful.    during the move i lost my wallet. tecknically i dont live anywhere at the moment.
this cold sssssnap ouch. castles can be drafty.

my hands are all cut up. between repairs and move. one concern i have now is the aappraisal- it did well $ wise- but my contractor wants too much cash for the remaining items on list.

durring all this i bought 2 8 ft mirrors up in millton. got them home. well when i took them out of trunck= they shatterred.

also everytime i blink i am shelling out cash.

i am paayin $17.33 a sq ft. typical comps are $34.50 a sq ft.

my nerves are frasillied. many of u know me over the months.

hugs to all- i sure need em!!

roger

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Profile   Post #: 153
RE: Home purchase-mistakes and shrewd moves - 4/7/2007 3:06:40 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Hey all.
My hands look like they went thru a garbage disposer. All cut up. Right now I live no where. Not at old apartment, not at new house. I am here strictly to do repairs for the appraiser. I have pushed my physical limits...and cant Pound a nail in. This big place is drafty. We have windchill this week. I will be glad to close on the place.
Meanwhile, I will shifting my attention to local politics, as I now have a stake in the community.

I lived on this same street 8 years ago for 7 years. So I am relearning where to go for what.
Due to the cold- I should be putting plastic on the windows.
I lost my wallet too.
It sure is a walk to the bathroom or kitchen!
Somehow I can fill it all up with stuff. In the meantime, I got a safe deposit box to hold my "valuables".  Just to be safe.
Being that there could be surprises- I am not getting satellite or cable. I am on dial up right now.
I am excited that my dog can shit anywhere in the property- and its no big deal!!
The old landlord called left message why is basement flooded. This is the space he wanted to build a unit to rent. I do not feel safe to go near him. I will either mail him my key- or drop it at attorneys office.  He bought the place as is. Period.

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Profile   Post #: 154
RE: Home purchase-mistakes and shrewd moves - 4/10/2007 1:02:33 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		the cashiers check was made out to wrong place.

a neighbor reported me to the code office.

im thinking gimme a break!!  i would not want to pick a fight with me. anyhow  the officer is giving me 8 days to comply....

im disapointed that im barely moved in, and im being "reported"

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Profile   Post #: 155
RE: Home purchase-mistakes and shrewd moves - 4/12/2007 9:12:37 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		passed the mortgage appraaisal- woohooo!!!!

(in reply to pahunkboy)
Profile   Post #: 156
RE: Home purchase-mistakes and shrewd moves - 4/12/2007 9:34:31 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		I am so excited. After my school of hard knocks- i did not think i would ever own again, and certainly not  a house that was nice!!!

I been scrutinized, evaluated, credit check, appraised, inspected, re-insepcted, led based paint inspected, termite inspected, and re-inpection of teh re-inspection.

I took most the pile of debris to the dump- and called teh code dude- to tell him my status. I told him I came from snotty zip code town, and  am used to rules. I told him I located his website- and read up on the rules- and that I am computer proficient.

In a matter of hours- [tommorrow] I will sign a barage of papers.

From the old place I did not think a better life was possible. I get to stay in Pennsylvania where I can access good medical care.

When I seen thise place- I thought- that WILL BE MINE.  In a few hours it will be MINE [and the banks]

Over the summer the goal is to stageically plan how to heat such a big house in a cheap way. I have been getting to know the personality of the place.

This refreshes my view of America. There are still pockets of hope- land of opportuniity.

But not thru passivity- not thru watching tv. One must take action, and make things happen.

Hugs too all.

Tomm evening lattes are on me!

(in reply to pahunkboy)
Profile   Post #: 157
RE: Home purchase-mistakes and shrewd moves - 4/12/2007 12:15:35 PM   
Padriag


Posts: 2633
Joined: 3/30/2005
Status: offline 		Only recently noticed this thread, pity I didn't sooner.  I buy and sell houses for profit, could have given you some pointers.  Might still be able depending on where you are in the process.  I'm still reading through the thread and catching up.  I'll comment where I think it helpful.

_____________________________

Padriag

A stern discipline pervades all nature, which is a little cruel so that it may be very kind - Edmund Spencer

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Profile   Post #: 158
RE: Home purchase-mistakes and shrewd moves - 4/12/2007 12:25:43 PM   
Padriag


Posts: 2633
Joined: 3/30/2005
Status: offline
quote:

ORIGINAL: pahunkboy

hi Katy. the place im buying is a forclosure. the holder is in Utah, 3000 miles away.

i went and talked to the banker- she has a better idea of the scenario. im about to take a load of stuff over.  they actually DID sign one of the 2 addendums we needed. i think i will be ok.  :-D~~

Yeah... that happens with these lending companies, you end up with banks owning properties in areas they know nothing about.  One house I have a bid in on now is very similar.  Its a forclosure taken by a bank in Utah, the actual property is in Virginia.  The bank clearly has no idea what the property is actually worth or its real condition (it was basically gutted by the previous owner who was apparently attempting a flip and the money ran out early).  They have the house listed at well over its value, no one is going to touch it at that price.  So I have a standing cash offer at a set amount.  Slowly they're coming down to my offer, eventually, if I'm patient I'll get it at the price I want. Patience helps, so do having a good realitor talking to the bank and letting them know the realities of the situation.  If you can't afford to wait for them to come down on the price, my advice would have been to pass and find another property.  Apparently from the thread you're already committed.  Don't worry over it, just get a good plan together of what you're going to do from where you are now.

Do you need to make any repairs, improvements or other rennovations?
Do you have the budget to do all the work at once or do you need to do it in stages?

_____________________________

Padriag

A stern discipline pervades all nature, which is a little cruel so that it may be very kind - Edmund Spencer

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Profile   Post #: 159
RE: Home purchase-mistakes and shrewd moves - 4/12/2007 12:45:28 PM   
Padriag


Posts: 2633
Joined: 3/30/2005
Status: offline
quote:

ORIGINAL: pahunkboy

Over the summer the goal is to stageically plan how to heat such a big house in a cheap way. I have been getting to know the personality of the place.

Couple of quick suggestions.

The more complicated solution is to zone the house off into different areas.  This means reworking the ducting somewhat so that you can shut off the ducts to unused areas (guest rooms, etc.).  At minimum you want to at least have heat vents that can be closed fairly well to make it easier to shut off rooms you don't want to heat.

Failing this, install electric baseboard heat in only the areas you most use.  Use them to "spot" heat when necessary, they're actually more cost effective than most people think (if you get the newer ones) and the expense is low, I've installed them in entire houses for under $1,000.

Get a modern programmable thermostat.  These allow you to program different desired temperatures for different times.  So for example at night it could automatically go down to 65, then warm up to 75 in the mornings until you usually leave for work where it automatically drops down to 55 until shortly before you normally arrive home when it heats up again.  That way you're only really heating the house when you are there and need it.

Make sure your window seal tight and you might consider getting replacement windows (which have dropped a little in price lately, about time!).  In some cases you can take the cost off of your taxes as a deduction (talk to a tax attorney about this).

_____________________________

Padriag

A stern discipline pervades all nature, which is a little cruel so that it may be very kind - Edmund Spencer

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Profile   Post #: 160
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