🏡 Better Homes OFFICIAL real estate bs discussion
- Thread starter OffshoreDrilling
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Won't work. It's the lender's appraisal that matters. Maybe you can challenge their appraisal but it isn't easy.
We're thinking it's going to go that way but more as a "even if you got a conventional offer, they're still going to tell you you're too high" kind of thing. Let them get an independent appraisal to bring them back to earth.
They'd need have a cash buyer willing to buy at what they're asking and they haven't gotten ANY other offers, let alone showings.
OH that was the other thing. Our agent talked to their agent and ours asked how they arrived at their asking price. "They basically just said 'this is what we want' with no reason or comps to back it up."
That mindset may have worked 6 months ago but this market is turning very quickly.
I thought you were super in love with this place and wanted it badly.
I agree with your thought process, let them get their own appraisal to make this a realistic discussion. Or move tf on.
Nah, that was the first house. This one we like but if it doesn't work out it doesn't work out.
VA home inspections are always the worst from what I hear, I know a someone buying a house in elmwood park on a VA loan, VA home inspection was so intense the flagged the caulking around the windows as not being sealed properly, hot water heater was dirty, grout wasn’t secured in bathroom, etc… they picked the house apart, the buyers and sellers agreed to just walk away and all escrow was given back.
No surprise there.
The boomers probably listed the house for some crazy number hoping for a cash offer forgetting the area that they are in. In this market, if a house is not under contract a few days after going on up for sale I feel like something is wrong with it. This probably would be a good example. An asking price that wouldn't appraise out. I feel like a good realtor would have been able to tell you that tho...
then of course not to mention the fuel, the energy, time, it's not like
Chester Copperpot is moving next town over.
Slight glimmer of hope and an update. Listing agent sent over three "comps" to the appraiser last night. Really only one is a comp but with half the land and slightly larger house. The other two are way larger houses with a postage stamp lot and larger hose with double the land. We're going to get his report tomorrow on whether he changed his mind or not. We got quotes to repair the windows as well as have an electrician come in and unfuck the breaker panel (14/2 wiring on 20A breakers, just replace them with 15A breakers and call it a day) that I'll likely do myself but we just want to rack up the "repair" bill as we said we'd cover 5k of it and anything over the sellers agreed to fix.
The other side of it as I mentioned, if the appraisal comes in low, the listing agent seems to be pretty level headed. We're thinking he'll talk some sense into the sellers and we'll buy low but buy the house as-is and have them fix nothing. I'd rather buy the house for multiple tens of thousands cheaper and dump 10k into it vs buying multiple tens of thousands more and them only fixing 2k on top of our 5k.
The other side of it as I mentioned, if the appraisal comes in low, the listing agent seems to be pretty level headed. We're thinking he'll talk some sense into the sellers and we'll buy low but buy the house as-is and have them fix nothing. I'd rather buy the house for multiple tens of thousands cheaper and dump 10k into it vs buying multiple tens of thousands more and them only fixing 2k on top of our 5k.
fight them comps.
selling both my houses i did and made it happen. fight fight fight
Our realtor told the listing agent she only agreed with one of the comps (the one I mentioned). She's been pretty awesome for us and knows we're trying like fuck to buy a house. And, you know, she has a vested interest in us getting a house.
It's up to the VA appraiser at this point. I have a feeling he MAY have the same thought of the two other houses not being comps.
Our realtor told the listing agent she only agreed with one of the comps (the one I mentioned). She's been pretty awesome for us and knows we're trying like fuck to buy a house. And, you know, she has a vested interest in us getting a house.
i submitted comps my realtor(s) missed.... like HEY WHAT ABOUT THIS ONE.
fuck may as well thrown up a fucking batsignal though for a copy and pasted list of AlL wHaT a ReAlToR reAlLy DoEs
Pre signed my closing docs earlier this week and closing for my current house is a week from today. Buyers had clear to close a good week ago. I'll be a renter one week from now...lol
Chester Copperpot 
203977 Galvin Ave, Marshfield, WI 54449 - 5 beds/4 baths
(CWMLS) Sold: 5 beds, 4 baths, 3460 sq. ft. house located at 203977 Galvin Ave, Marshfield, WI 54449 sold for $449,900 on Aug 5, 2022. MLS# 22202397. Are you dreaming of owning your own 20-acre estate just...
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