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planetaryplayer
Surpeme traineanddict
Registered: Dec 2011
Location: Pine Tree Valley
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Dec-09-2018 21:16
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DJ RANN
Supreme tranceaddict
Registered: May 2001
Location: Hollywood....
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quote: | Originally posted by SYSTEM-J
I appreciate that, but a Category 3 issue on a structural survey is something must be rectified urgently. He flagged half the house as needing urgent work, which shat me right up, but then I read it and most of it is trivial bollocks. There's Category 2 for non-urgent works that could develop into problems if not maintained.
Anyway, I won't be able to speak to him until Monday. I've been told they'll be a lot more honest on the phone, where nothing they say is legally binding. |
Ah, it's just arse covering then; Flag it all as critical to avoid any liability.
Tbh, as long as the bones (i.e structure) and expensive essentials (plumbing, damp proofing, electrical, sewer line, etc) are all OK, everything can be fixed. We did entire electrical and new sewer line first thing from seller credits but I just had to do a new roof - it wasn't cheap but it also wasn't the end of the world and I'm now good for 20 years.
What you save on rent you'll spend on maintenance lol, but there's nothing like the feeling of knowing it's yours.
Congrats again. Pics of the DJ cave when done!
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Dec-09-2018 21:55
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DJ RANN
Supreme tranceaddict
Registered: May 2001
Location: Hollywood....
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quote: | Originally posted by Boomer187
Is that $10k off closing costs or price of loan? We are selling in 2 weeks and found out we could only give 2% of loan amount in closing costs at close. So I am writing them a check for a bit extra.
Good luck! we sell in 10 days and buy in 12! |
That's pretty common. Banks don't want the loan used as credits and sellers don't like doing repairs themselves in case any of those repairs fail in 6 months, the seller is on the hook t0 chase the contractors to do repairs for a house they no longer own.
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Dec-09-2018 21:57
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Jon_Snow
Guest
Registered: Not Yet
Location:
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It’s really easy for sellers to hide or not disclose. I was recently watching This Old House. Owners were getting sewer gas in basement. Turns out the cast iron pipe had sagged, the fix would involve tearing up the finished basement cement floor to install a new line. Home owners opted to sell the house. By the time the next owners figure out what’s the problem...
My house they used incenses to cover up the smell of mold in the basement. Dehumidifier fixed that. The deck also had mold. Was installed too close to the ground. Was able to fix it by rerouting the down spouts so didn’t drain under the deck. You can pretty much count on most work that was done after the house was built to be half ass on the cheap and any major maintenance left for the next home owner to pick up the tab.
Last edited by on Dec-10-2018 at 19:30
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Dec-10-2018 19:17
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DJ RANN
Supreme tranceaddict
Registered: May 2001
Location: Hollywood....
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quote: | Originally posted by Jon_Snow
It’s really easy for sellers to hide or not disclose. I was recently watching This Old House. Owners were getting sewer gas in basement. Turns out the cast iron pipe had sagged, the fix would involve tearing up the finished basement cement floor to install a new line. Home owners opted to sell the house. By the time the next owners figure out what’s the problem... |
Ugh, what cvnts. Be a shame if they were on TV talking about i...oh wait.
That's why I say get as many inspections as possible. My seller was adamant nothing was wrong with the house and wouldn't do any credits when we put in the full asking price offer. Disclosures only mentioned a slightly wobbly toilet.
Instead, the sewer line needed redoing (80'), complete house electrical, there was a leak under the house, the roof had multiple leaks, THE HVAC hadn't been serviced since installed 15 years prior, the sprinkler system was completely fucked, the foundations needed brace and bolting.
Got quotes for $50k of work, and as we were already balls deep in escrow with all other buyers now gone, she'd only give $25k. Then got all the work done for under $25k lol. I just wish she'd been up front and it could have been negotiated out instead of playing a two month game etc.
quote: | Originally posted by Jon_Snow
My house they used incenses to cover up the smell of mold in the basement. Dehumidifier fixed that. The deck also had mold. Was installed too close to the ground. Was able to fix it by rerouting the down spouts so didn’t drain under the deck. You can pretty much count on most work that was done after the house was built to be half ass on the cheap and any major maintenance left for the next home owner to pick up the tab. |
If I ever walk in to a place and smell incense, glad plugins, room fragrance or heavy candles, I nope the fuck out. Tell tale that there's major water problems. In SoCal that's no so much a big deal as shit drys out in days once fixed, but anywhere wet (i.e. UK, Europe, Mid West, East Coast, PNW) It's not worth the bother unless it's something simple like moving drainage as you did or if it's reflected heavily in the price discount.
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Dec-11-2018 23:48
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SYSTEM-J
IDKFA.
Registered: Sep 2003
Location: Manchester
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Dec-19-2018 20:16
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