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Old 03-02-2009, 08:40 PM   #1
gwilliamson
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Default The hills of buying a house....story

2 weeks ago i made an offer on a house, seller declined and took 900 off the asking price. i declined that offer and they called back a week later and took my offer.

enter inspection...
1 rotten rim joist under the deck, old windows that need replaced, one cut out bci for tub drain, no sunroom attic access, dryer vent needs re-ran, needs new water heater, alot of crown molding and some door trim needs reworked. there are other things but they are minor and nothing i can't fix.

tomarrow i go to my realtor and morgage broker, i'm not gonna lie, i think i'm going to have a fall through deal.

here is what i'm going to perpose

a 1500 dollar window allowance should get me new windows, i'll install them.... and they need to tear the deck off and fix that rim joist and properly weather treat it on the outside so it doesn't happen again. other than that its a pretty solid house imo.


input anyone>?
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Old 03-02-2009, 08:49 PM   #2
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Default Re: The hills of buying a house....story

How many windows? figure its going to cost $300-500 per window to have someone come in and replace them.

Probably a grand to have a couple of guys come in and replace your rotted rim/ledger board (I assume its the one that is fastened to the house)

Don't cheap yourself.
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Old 03-02-2009, 08:50 PM   #3
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Default Re: The hills of buying a house....story

Depending on how many windows there are they are not cheap
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Old 03-02-2009, 08:51 PM   #4
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Default Re: The hills of buying a house....story

maybe its time to walk away and find a different one, its a buyers market after all!
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Old 03-02-2009, 08:59 PM   #5
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Default Re: The hills of buying a house....story

How many new windows do you plan on replacing for $1500? I'd figure on $200-300 per window depending on the size.

If your financing the house, I don't think they will approve it without replacing the water heater if it's not working.
Cut BCI... structural issue?
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Old 03-02-2009, 09:07 PM   #6
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Default Re: The hills of buying a house....story

Well, the water heater is 20 years old but still works, i will probably eat that because i wanna pick that, i may convert to propane (natural gas doesn't exist out there yet.) but the bci is on the gable end under the deck so technically it is structural. its only a 6 ft section but im curious whats behind it....it will require either removing the patio deck to get to the rotten section. appraisal is on Wednesday. there are 7 windows and 5 of them are 3x5 or smaller. i'm basically looking at 4 slider windows and 3 fixed... just got back from the depot and i can get a 4x4 non slider for 90 bucks. i'm just going to have to make a couple sacrifices. No home is perfect. besides when i fix it i know what i have.
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Old 03-02-2009, 09:15 PM   #7
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Default Re: The hills of buying a house....story

never mind, reread the last post
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Old 03-03-2009, 12:50 AM   #8
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Default Re: The hills of buying a house....story

gabe.

buy it and ill come up for the summer and work on it for you.

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Old 03-03-2009, 05:58 AM   #9
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Default Re: The hills of buying a house....story

No home is perfect, but be careful not to get stuck with someone's crap shack.. ever watch the movie "The Money Pit"?

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Well, the water heater is 20 years old but still works, i will probably eat that because i wanna pick that, i may convert to propane (natural gas doesn't exist out there yet.) but the bci is on the gable end under the deck so technically it is structural. its only a 6 ft section but im curious whats behind it....it will require either removing the patio deck to get to the rotten section. appraisal is on Wednesday. there are 7 windows and 5 of them are 3x5 or smaller. i'm basically looking at 4 slider windows and 3 fixed... just got back from the depot and i can get a 4x4 non slider for 90 bucks. i'm just going to have to make a couple sacrifices. No home is perfect. besides when i fix it i know what i have.
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Old 03-03-2009, 06:25 AM   #10
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Default Re: The hills of buying a house....story

Pictures?
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Old 03-03-2009, 06:50 AM   #11
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Default Re: The hills of buying a house....story

I believe most of that needs to be fixed if you are getting an FHA loan. They are very very strict about stuff like that. You should make them fix everything or let it go, if they want to sell it bad enough they will fix it. It really depends on whats on the market and what their price is, can you find anything else your interested in thats in your price range? That was my biggest problem when buying my house, There were multiple other houses in my price that i was looking for but all of them were smaller and all but 1 was in horrible condition. So i took the cheapest one which was in the best conditon and was the biggest :P
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Old 03-03-2009, 08:43 AM   #12
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Default Re: The hills of buying a house....story

Quote:
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No home is perfect, but be careful not to get stuck with someone's crap shack.. ever watch the movie "The Money Pit"?
is that the one with tom hanks? if it is that was a good movie!
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Old 03-03-2009, 11:34 AM   #13
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Default Re: The hills of buying a house....story

its a 2 bedroom one bath, 2 car garage with sun room(aka tool storage) and a mother in law fixer upper. on seven acres in kasilof.

Last edited by gwilliamson; 03-26-2011 at 12:55 AM.
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Old 03-03-2009, 11:49 AM   #14
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Default Re: The hills of buying a house....story

how much? If you don't mind me asking.
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Old 03-03-2009, 12:11 PM   #15
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Default Re: The hills of buying a house....story

Those windows look newer then some of mine :P Lots of land is always nice, room for more!!
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Old 03-03-2009, 12:21 PM   #16
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Default Re: The hills of buying a house....story

I don't think that $1000-2000 should really kill the deal if you like the house.
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Old 03-03-2009, 12:38 PM   #17
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Default Re: The hills of buying a house....story

My girls mom jus got through doing the same thing... She offered them what they were asking but they had to pay all the closing cost and fix anything in the house... which ended up being a good ammount of money they had to put into the house to get it up to par... she got a really good deal considering the house appraised for about 35k over what they were asking...
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Old 03-03-2009, 01:25 PM   #18
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Default Re: The hills of buying a house....story

Thats what i did for mine, offered them full price for them to pay all the closing costs.
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Old 03-03-2009, 03:38 PM   #19
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Default Re: The hills of buying a house....story

thats just it though, i would pay full asking but in business you gotta get firm in business...at the end of the day it is what it is. if they decline your offer just wait....thats where people go wrong, they are in such a rush to get into the home they just say screw it.....
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Old 03-04-2009, 04:01 PM   #20
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Default Re: The hills of buying a house....story

Well,this just in. Seller accepts all terms of post inspection offer. Which means I get window allowance and the rotten rim joist will be fixed to my approval.....I'm so stoked!
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Old 03-04-2009, 04:17 PM   #21
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Default Re: The hills of buying a house....story

Quote:
Originally Posted by gwilliamson View Post
Well,this just in. Seller accepts all terms of post inspection offer. Which means I get window allowance and the rotten rim joist will be fixed to my approval.....I'm so stoked!
Ugh. Can we stop with all the "I just got a house" story threads?





















Just kidding.









Obama sucks.
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Old 03-04-2009, 04:35 PM   #22
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Default Re: The hills of buying a house....story

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Obama sucks.
Buy more guns? And now there's land to defend from the invading zombies! Time to set up the Tannerite traps.
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Old 03-04-2009, 05:46 PM   #23
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Default Re: The hills of buying a house....story

Quote:
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Ugh. Can we stop with all the "I just got a house" story threads?


Just kidding.


Obama sucks.



we could start a " How i lost my house thread " several of us can chime in
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Old 03-05-2009, 02:39 AM   #24
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Default Re: The hills of buying a house....story

Quote:
Originally Posted by BadCo View Post
Ugh. Can we stop with all the "I just got a house" story threads?

Just Kidding.


Obama sucks.
He sure does, i could have had a lower interest rate if mc cain had some hanging chads.....
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Old 03-06-2009, 07:45 PM   #25
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Default Re: The hills of buying a house....story

How long has it been on the market? I don't trust anybody so would have, hopefully, a buddy (contractor)who is skilled in the repair and inspection of the structural integrety. There is a reason that the rim joist rotted, crawl space venting, leaking water where deck attaches etc. The water heater and furnace should be certified by a heating professional. A 20 year old Bock is not uncommon if maintained, both combustion and domestic water side, properly. How does price compair with tax assessment? Just a few things, good luck and remember you can't lower your offer. Your inspector theirs or the mortgage company?
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