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Old 08-26-2020, 12:50 PM   #41
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...........About the housing market, it is indeed hot. A couple of houses on my street went on the market a couple of months ago, and they were sold in 1 week or less.............
It is crazy. My SIL is an appraiser and when he saw the pandemic coming in January, he almost did not complete a purchase of his own home as he was sure once it hit he'd be basically out of a job. Between the refinances and sales, he has been working night and day.
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Old 08-26-2020, 02:30 PM   #42
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About the housing market, it is indeed hot. A couple of houses on my street went on the market a couple of months ago, and they were sold in 1 week or less.
Similar situation here.

Our rural subdivision (110 lots) currently has 6 new homes under construction. That's about the same number that were built in the subdivision over the last 10 years.

The subdivision next to us had a home sold in under a week, for more than the listing price. Selling for above list is almost unheard of in these parts.

I just looked at my zip code on Realtor.com. It shows 24 single family houses for sale and 10 of them are under contract.

Yep, definitely a hot market.
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Old 08-26-2020, 03:32 PM   #43
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Congrats. You did all the preliminary work to identify your needs. And if you find something that works for you, you don't want to haggle for the last $10K and risk not getting it.

About the housing market, it is indeed hot. A couple of houses on my street went on the market a couple of months ago, and they were sold in 1 week or less.

I do not know if the sellers got the offer they wanted, but one of the houses got sold so quick the realtor had not had a chance to put up the sign in the front yard. In fact, we only learned the house was on sale because we happened to see the realtor taking photos of the house when we were on our daily walk. Then, saw a moving van shortly after that.
Yep same here in the Midwest. We are not used to seeing this kind of housing market good but at the same time scary.
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Old 08-26-2020, 04:14 PM   #44
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We just put down 10% today on a new home for us. Yeah at closing assets move but Net Worth isn’t really affected. Still hard at first to see savings drop. When we sell current house it will be better

After doing the contract signing we went to lunch to celebrate but knowing how much we were spending opted for a cheapo meal. Couldn’t help it!

Congratulations on the new home and next phase!
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Old 08-26-2020, 05:50 PM   #45
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I just looked at my zip code on Realtor.com. It shows 24 single family houses for sale and 10 of them are under contract.

Yep, definitely a hot market.
After reading that, I thought surely it CAN'T be that bad here. So I decided to check my 5x10 block neighborhood. But realtor dot com shows 8 single family houses are for sale in my neighborhood, and 6 of them are under contract! This is just nuts!

Also, the prices are beyond insane here lately. I am SO glad that I am not looking for a house right now. I have been in my "Dream Home" for five years now, and I never want to live anywhere else ever again.
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Old 08-26-2020, 05:54 PM   #46
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We just put down 10% today on a new home for us. Yeah at closing assets move but Net Worth isn’t really affected. Still hard at first to see savings drop. When we sell current house it will be better

After doing the contract signing we went to lunch to celebrate but knowing how much we were spending opted for a cheapo meal. Couldn’t help it!

Congratulations on the new home and next phase!
ehhh, the money was in cash anyway so not missing out on the big stock market day today. I can play the commodities housing market for a few months and make double the stock market! Just like tulips!

Walked the house today and was figuring out what I'm going to change. bath fans (I like quiet ones), kitchen under counter lights, video doorbell, paint the exterir fencing. I don't think my firepit is going to fit the space. Plus it's a bear to move. China hutch may not fit. Paint on the south side of the house needs done. Will think about Spring for that.

Good thing i came in under on the price (the cold hard reality is setting in)

Met the neighbor behind in the alley. She was nice. Told us a little about the previous owners
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Old 08-26-2020, 07:33 PM   #47
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We moved to our 20 year old dream home in March of this year. Governor put in the stay at home orders for covid 5 days after we moved in. We love it. Needs updates but we are on a lake lot. Not many people get 90% of what they want in a home. Lucky you. Enjoy and congratulations!
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Old 08-29-2020, 09:33 AM   #48
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Congratulations, Scrapr- what an exciting time for you! Finding a ready to move in 90%er is really good, so I imagine you'll be very happy there. We also moved into a mixed neighborhood (all ages, all races- a mix similar to Houston's population), and are glad we did.

Friends of our moved to a 55 & older subdivision near Austin, and they are expected to attend on average at least 1 funeral a month for neighbors who have died. That would be so depressing to me. I also thought that most of the folks that lived there are snooty- we attended an event in their clubhouse. Lots of humble-bragging and just outright bragging goes on plus regular none of their business gossip. Ugh! We would never fit in there.
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Old 08-29-2020, 09:47 AM   #49
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LOL at move in ready. I made another trip to look longer at the home. It is ready to move in. But i have some changes I want to make. Personal preferences. The big one is changing out the fiberglass shower for a tile shower, 2 shower heads.And as long as you are in there heated tile floor in the bathroom.

I have coffee at a ROMEO group in the neighborhood. First thing when I went Friday...I heard you bought a house. Word gets around. The group meets about a block away

Here is my list broken down by trade:

Electrician
Under Cab lights kitchen
Bath & Laundry fans timer switch (4?)
Ring/Nest doorbell
Side camera?
Tile warmer outlet

Plumber
Kitchen sink/Faucet
Side grass water?
Shower valves & heads (2)

Demo
Shower
Master Bath floor
Kitchen sink?

Gary Vacu Flo
Central vac

Painter
House
Handrail

Javier
Sod in side yard
Stain side fence interior

Tile guy (Envision)
Tile shower Master
Heated tile floor Master Bath

Trim Carp (Guy)
Closet system Master
Doors on kitchen pantry?
Laundry cabinets

Lewis Audio Visual
TV & Sonos system
Hook up
Downstairs?
MBR
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Old 08-29-2020, 09:59 AM   #50
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Thats a good sized list!
But it will make this more into your 100%wish list dream home :-)
Enjoy
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Old 08-29-2020, 10:09 AM   #51
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It won't all get done by move in. Looking more closely at the paint it was "decent" on 3 sides. But the south side was fairly faded. That will be a next Spring/Summer job. The shower will be whenever I get in the que. My office partner is a high end contractor. He will pull some strings & favors for me. The rest of it I think i can get done before full move in. It will probably take me 2 months to fully get moved.

Reading through the HOA docs is enlightening. Apparently garbage cans out for a extra day is a killing offense. One woman went to the board to complain about landscapers taking too long & being too loud. The ARC looks as if they all quit en mass. Not feeling the love I would guess. The Reserves are 50% funded. 9% increases baked in every year. It looks as if they only started funding reserves 2 years ago. The development is 13 years old
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Old 08-29-2020, 05:12 PM   #52
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I did the same thing 11 years ago. We found a community of 185 “duets” and were looking at a few for sale. I noticed a guy with a pod in his driveway and asked him if he was going to list the house. About a month later we moved in and he never put it on the market. We came to a fair price and the appraisal came in 10,000 under so lucky me.
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Old 09-09-2020, 11:05 PM   #53
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Signed the papers today. All electronic by Docusign. Then wired to $$$ over. There is that nagging feeling in the back of my mind. What if that wiring instructions was a scam. I took it right from the 'secure' title company site. And verified on a phone call. But she called me....

* that how they get you
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Old 09-10-2020, 12:03 AM   #54
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Signed the papers today. All electronic by Docusign. Then wired to $$$ over. There is that nagging feeling in the back of my mind. What if that wiring instructions was a scam. I took it right from the 'secure' title company site. And verified on a phone call. But she called me....

* that how they get you
Congratulations, Scrapr! I am sure everything was OK. But, if you are concerned then I suppose you could call the title company tomorrow about it.

What fun to have closed on your dream home! I hope you have a wonderful time living there and fixing it up the way you want it to be.
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Old 09-10-2020, 06:09 AM   #55
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Signed the papers today....
Congratulations! I know how you feel, we just did same-thing yesterday. closing our new home.
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Old 09-10-2020, 08:22 AM   #56
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Congrats!
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Old 09-25-2020, 10:38 PM   #57
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Well this housing arbitrage is fun. The "old" house hit the market today. 15 showings. Around three people wanted to offer prior to seeing it. I wanted to let the market decide where the price will land. But no escalator clauses. Give me your best price & terms on your first shot. So showings Fri/Sat/Sun & evaluate offers on Monday. We priced it a bit low (the house 3 doors down sold in Feb for this price) & tried to get a mania/bidding frenzy going. They were showing every half hour. The next appointments were in the street as the previous parties were exiting. One offer for so far for $30k over asking....but I'm not sure on the financing.

It took a fair amount of work to depersonalize the home. 1 full day on putting away the Swarovski crystal figures. But we sold the big house 4 years ago so I tried to follow the script. The upgrades we did over the years really make it stand out. I was a bit sad last night realizing the time in our home is coming to an end. Cried a bit as this was a big thing for Mrs Scrapr. She loved Bend & loved this home. I'll go back to Bend but next time as a tourist, not a local

One tip for homebuyers. If there is a video doorbell and/or camera watch your talk. I can hear a few conversations. I don't think there was anything said that would be actionable but I'd be aware of it. One fellow did say he would take anything out there. I should have interrupted them to tell them how nice everything is
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Old 09-26-2020, 12:45 AM   #58
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Sounds like you won't be poor much longer.
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Old 09-26-2020, 11:26 AM   #59
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Congrats Scrapr. Sounds like house will sell fast at a good price.
My ex and I are selling my DS's home in Midwest state and housing market is hot there !

We priced it about $30K under bec. it needs cosmetic work/ updates and hope to have offers to review on Monday. Because it is part of an estate - and selling "as is" we want a cash buyer if possible.
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Old 09-29-2020, 12:22 AM   #60
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House went pending today. I accepted an offer in the middle of the range of offers. We had 13 total offers. They were coming in as the agent & I were sitting down to evaluate them. She sent me so many of the offers that one ended up in my Spam folder. Sheesh. I was mostly looking for fit in the neighborhood. I think I got that. My neighbor happens to work for the same well known company as one of the buyers. I stopped over at the neighbors before I met with the agent. Neighbor gave buyer great reviews.

Could have got more. But fit was important. Several offers included a 'Love' letter. A little about themselves & how they love the town/house. That was helpful. It was surprisingly hard to tell 12 people no. Well the agent had to make 12 phone calls. I only had to sign & initial an 11 page doc 12 times. Including 2 backup offers.

On to inspections
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