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Replies: 59
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Oculus Spirit [75671]
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The cool kids didn't have
Jan 27, 2017, 10:10 AM
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enough fun with this last night, so here goes.
https://drive.google.com/open?id=0B4tPYkXrT9xPa3BBOWpUMXNOLUk
Inspection of that home. I really don't know how close to tumbling down it is. I do know I don't really want to pay for anymore inspections and ####.
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Orange Blooded [2053]
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Have you hired paranormal investigators yet?
Jan 27, 2017, 10:17 AM
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Looks kinda haunted.
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Oculus Spirit [75671]
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That is what I like about it.***
Jan 27, 2017, 10:19 AM
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CU Medallion [65975]
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I see about three or four YUUUGE red flags
Jan 27, 2017, 10:19 AM
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I would ask the seller to fix a lot of the RR's or negotiate a lower price
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Rock Defender [53]
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From someone that lives in a PUD, avoid that house like
Jan 27, 2017, 10:19 AM
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the plague.
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Oculus Spirit [75671]
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What choo talkin' bout PUD?***
Jan 27, 2017, 10:20 AM
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Rock Defender [53]
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Oculus Spirit [85054]
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Oculus Spirit [79388]
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Man, that deck is uh...probably not something I'd feel
Jan 27, 2017, 10:32 AM
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overly comfortable spending time on. Kind of looks like you're looking at a lot of potential big expenses in the near future. Potentially the roof, deck, HVAC.....I still have a place in Pendleton if you'd like to take a look
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Oculus Spirit [75671]
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No way I'm driving that far.
Jan 27, 2017, 10:38 AM
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Sellers would have to do something about the roof for sure and replace that bad the AC is sitting on. Just walking on the deck doesn't worry me, but I imagine it one thing goes, it all does.
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Oculus Spirit [79388]
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I'd probably want some gutters too
Jan 27, 2017, 10:45 AM
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Otherwise, you're going to be pressure washing that white siding once a month or so. I guess you could just leave it and park an IROC Camaro that doesn't run in your front yard.
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Oculus Spirit [75671]
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I was shocked at the no gutters thing.
Jan 27, 2017, 10:47 AM
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They'll go up for sure. Even though I intend to buy a presser washer.
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Oculus Spirit [79388]
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I bought a little $100 Ryobi electric pressure washer
Jan 27, 2017, 10:50 AM
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from Home Depot for the boat. Works surprisingly well on my patio, siding, and gutters too. Wood recommend.
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Lot o points [155581]
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dewd....as I was afraid of....
Jan 27, 2017, 10:53 AM
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dat deck. If you can't get them to fix it, you'd better budget $5k+ to replace it. It's cheaper than the lawsuit you'd get when it fell with you and some friends on it.
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Lot o points [155581]
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Also, your plumbing is living on borrowed time.
Jan 11, 2017, 9:39 AM
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PB is complete garbage and it's a small miracle that it's still intact in that house. You'll be upgrading to pex if you're there for any length of time.
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Heisman Winner [135451]
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Some of the things they found would make me walk away.
Jan 27, 2017, 10:56 AM
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The sellers are not going to put in a new HVAC system, and at 20 years, it's dead ANY DAY NOW. That's a nice 4k-6k expense off the top. The subfloor and foundation would be enough to scare me. If the windows have lost their seal, then you will need to replace them, or get a 55 gallon drum to build a fire in the living room so that you stay warm in the winter. If the shingles are manufacturer defect, it could take a while to address that issue.
Honestly, the house has far too many red flags for me personally, unless you can negotiate a price for a flip, live there while you put in the sweat equity, and then dump it once renovated.
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Lot o points [155581]
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I agree.
Jan 27, 2017, 11:01 AM
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If it were a family member of mine, I would do my best to not let them buy this place without a significant reduction in price.
Renting is better than owning a pit.
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All-In [31830]
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Honest reply...
Jan 27, 2017, 10:57 AM
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Personally, I would stay away from that house, unless you are prepared to put a fair amount of $$ into it.
- needs new roof soon
- needs new HVAC soon (good chance of new duct work too)
- needs new water heater soon
- foundation/wall cracking is significant and moisture in crawl space is a real threat...big $$$...actually going through that on my house now and going to have to put a drain behind front wall of house
- slant of yard is going to require a good bit of landscaping to prevent/combat erosion. That siding and vent didn't sit a grade originally
- would be seriously concerned about resale value, so I've have to feel like I was getting a steal on the price
If your contract is a standard contract, you should have the ability to back out without losing your earnest money if done by the inspection deadline. If not, you should be able to require the seller to make the major repairs mentioned and if they refuse, you should be able to get your earnest money back.
My advise is to not get so attached to a house or in a hurry to buy a house that you'll end up making a mistake you'll regret later.
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Commissioner [960]
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Wood not dew***
Jan 27, 2017, 11:06 AM
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Lot o points [155581]
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Oh, aero, one last thing.....
Jan 27, 2017, 11:13 AM
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if for some reason, you do go through with this purchase, make the seller throw in a 2-10 home warrenty with it with whatever upgrades are available.
Home warranty companies suck and are evil and are a PITA to work with, but on this house, I think it's worth it to limit your exposure if the HVAC craps out or the pipes burst.
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Rock Defender [53]
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Guy moved in across the street from my parents house.
Jan 27, 2017, 11:19 AM
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Bought a home warranty expressly for the purpose of putting a broken refrigerator in the house, and having them fix it for $100.
He succeeded.
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CU Medallion [54758]
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i got my AC repaired Aug 2010 by signing up for one
Jan 27, 2017, 12:11 PM
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~$100 for a $2k fix.
fistpumpkid.bmp
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Lot o points [155581]
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I lied....not last post. A suggestion....
Jan 27, 2017, 11:20 AM
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Have you looked in this area of town? This isn't far from where I grew up, and is a pretty hot area right now for young couples---easy to get to all parts of town from here without touching 85 or 385.. Plenty of houses like this in this range pop up, and you wouldn't have trouble re-selling or renting it down the road if you wanted to.
http://www.zillow.com/homedetails/26-Mayo-Dr-Greenville-SC-29605/11079723_zpid/
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Heisman Winner [119553]
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If you took that house across Pleasantberg, it would cost
Jan 27, 2017, 11:25 AM
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$389,000
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Oculus Spirit [75671]
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Heisman Winner [119553]
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You need to call who I told you to...***
Jan 27, 2017, 11:34 AM
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Oculus Spirit [75671]
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I can't yet. And if I don't buy this house, I am done
Jan 27, 2017, 11:42 AM
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thinking about buying house for a while.
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All-In [43519]
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Prolly a different convo, but why are you buying a house?
Jan 27, 2017, 12:08 PM
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I'd think long and hard about NOT buying...unless you are in a stable situation and don't foresee ANY changes within the next 10 years in the areas of family, job, desire to change locations. Throw all of this out of the window if you are flipping or think you will make money on the deal.
Buying a house (in particular an older one) will continually tap your wallet, and the fees for buying and selling within a short period of time will make for a less than good deal for ya.
I'd scrongly consider renting. Homeownership ain't all it's cracked up to be IMO, specially if you are unmarried and possibly transient.
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Oculus Spirit [75671]
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I am not thinking of flipping anything and rents for
Jan 27, 2017, 1:02 PM
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good stuff seem to suck. I think my tax situation wants me to buy as well. 2015 I rented and made more money than I ever had. This caused me to have to pay taxes instead of getting a refund.*
*PT job moved me into higher tax bracket and I didn't have much withheld from those checks.
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Oculus Spirit [80954]
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Buy a shed that looks like a house and 5K piece of land
Jan 27, 2017, 1:05 PM
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You'll have 30K in the whole thing after you're done making it an actual house.
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Oculus Spirit [75671]
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Maybe.
Jan 27, 2017, 1:11 PM
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I did some small digging about a shipping container house. When the guy told me my idea made it expensive, I gave up on the idea.
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All-In [31830]
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Just my opinion....but you don't buy a house to help with...
Jan 27, 2017, 2:19 PM
[ in reply to I am not thinking of flipping anything and rents for ] |
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taxes.
It doesn't "help" with taxes...you just get to deduct the interest you pay from your taxes. But you're still paying interest.
Not trying to talk you out of buying a house, but I don't think doing it so you can pay $5000 in interest (for example) so you can save $1000 in taxes (0.2 * $5000) is a good move financially.
As for taxes, think in terms of absolute $$ and not whether you owe or get a refund in April. If you owe and don't want to owe at the end of the year, then recalculate your withholding.
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Oculus Spirit [75671]
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Well, that is a way to look at it.
Jan 27, 2017, 2:25 PM
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I may change gears to a house for rent.
I'm growing tired of things such as sharing wall and lack of space.
I'm also growing tired of looking at listing and such garbage.
Sure, one pays a bunch of interest and what not, but there is always that chance of making a profit when selling. Renting...man renting feels awful.
Message was edited by: aerozeptallica®
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All-In [31830]
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Nothing wrong with renting...especially if you can find a...
Jan 27, 2017, 2:35 PM
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good deal.
Then save up $$ to put on your first house and maybe be able to slide up a notch or so.
Depends on the area, but there's still got to be a lot of folks that tried selling and decided to rent after the house was on the market for a while. Looks at houses for rent and then use zillow to see if they were recently on the market and didn't sell and then shoot in a rental offer that would be a good deal for you.
Owning a house ain't cheap 'cause there's a lot of sneaky sheet that costs you money. Rent and let someone else pay all that stuff while you sock away the cash for a few years.
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Oculus Spirit [75671]
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Yeah, that sneaky stuff was a big reason I wanted
Jan 27, 2017, 2:40 PM
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out of the house in Charleston. I may well have acted too quickly, but seeing as 18 months later, some #### company in Florida had me in sever job limbo, it turned out to be good.
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Lot o points [155581]
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Look at is this way, Aero.
Jan 27, 2017, 3:22 PM
[ in reply to Well, that is a way to look at it. ] |
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$300-ish just saved you $30,000+. That's a good deal.
And if every thread in the lunge had the solid financial advice that this one does, we'd all be retired millionaires. You have a lot of people trying to do you a steady.
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All-In [43519]
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Heisman Winner [135451]
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At that price point, you could almost afford to add another
Jan 27, 2017, 12:52 PM
[ in reply to Ah, one major rub on that one in particular ] |
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room with a bath and come out way better than what you're currently looking at. Nice clean little bungalow, that is.
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All-In [49145]
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Don't do it. Seriously. But it was fun reading how the dude
Jan 27, 2017, 11:52 AM
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said a million times, "this could be an issue. Suggest you get somebody qualified to look at it"
Reminds me of the LifeLock commercials like the dude that finds a cavity but doesn't fix it.
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CU Medallion [54758]
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in case it needs stating again
Jan 27, 2017, 12:07 PM
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don't buy this house.
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Oculus Spirit [80954]
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I stopped at polybutylene pipes.
Jan 27, 2017, 12:19 PM
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Run.
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Heisman Winner [105418]
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GREAT PURCHASE if you don't mind
Jan 27, 2017, 12:20 PM
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replacing the HVAC, Water Heater, Deck, and supports under the house, as well as never having a usable backyard and constantly having moisture issues.
I say RUN, not walk, away from this one.
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Heisman Winner [105418]
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the mean SF price in Taylors is about $79 which would price
Jan 27, 2017, 12:29 PM
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that house at about $12-13k LESS than the listed price online. Then you have to consider that there are at least $20k in upgrades/repairs needed and you should buy for less than $100k and I might STILL not do the deal.
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Lot o points [155581]
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$20k?
Jan 27, 2017, 1:27 PM
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I'm thinking $30-40k, maybe 50 on a bad day.
New Deck
Regrade Lot
Waterproof Basement
Fix Foundation
New Plumbing (when it goes, and it will go)
New HVAC--(same as plumbing)
new windows
Yeah, he could easily have 30% of the purchase price of this house in needed repairs.
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Oculus Spirit [75671]
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I am not even sure the lot could be regraded.***
Jan 27, 2017, 1:55 PM
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Heisman Winner [105418]
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WHY THEFUCK ARE YOU STILL LOOKING AT THIS PROPERTY?***
Jan 27, 2017, 1:57 PM
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Oculus Spirit [75671]
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I am not looking at the property, I am looking at
Jan 27, 2017, 2:13 PM
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a thread about this property. Talking to the agent tonight though. She'll try to convince me to ask for stuff. From talking to all of you fine folks about what a turd it has turned out to be. Went from needing beautification to a whole new house apparently.
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Oculus Spirit [80954]
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$10 saddle, $5 jack a s s
Jan 27, 2017, 2:17 PM
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You'd have more money in then you could ever get out of it, just to sell it.
Not worth it.
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Oculus Spirit [75671]
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Even if sellers are like "#### this noise here is $36,000
Jan 27, 2017, 2:19 PM
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to fix it?
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Oculus Spirit [80954]
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Not unless you like working on houses.
Jan 27, 2017, 3:18 PM
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IMO, you'd never reclaim you money and time out of it, but that's just me.
If you could buy for in the 40's to 50's, maybe.
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All-In [43519]
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Agent talks Aero into NOTHING. She works for you
Jan 27, 2017, 2:38 PM
[ in reply to I am not looking at the property, I am looking at ] |
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don't forget that.
Any manger that takes a weeklong class can be a RE agent. She wants the deal to close so she can get that sweet H8N commish.
Tell her I DON'T WANT THIS ONE, WHAT DO FROM HERE?
She axes WHY?
You say TOO MUCH IS JACKED UP ABOUT IT. I DON'T WANT IT.
Sellers are UDPs, they ain't giving you $30k my man.
Like MauldinT on a hamburger in Thornhill, PULL OUT.
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Oculus Spirit [75671]
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You are correct. Breaks have been pumped on
Jan 27, 2017, 2:42 PM
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mortgage app. You know the biggest racket of this whole deal? Having to pay for an appraisal. That should be on the lenders and they should just have people to do it.
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All-In [43519]
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Buying a house sux. Lots of hands dipping into your wallet
Jan 27, 2017, 2:43 PM
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and all seem to be colluding about it. And every single one of them has 1 goal: TO MAKE MONEY.
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Oculus Spirit [75671]
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And I was so looking forward to having every one over
Jan 27, 2017, 3:01 PM
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to party in those woods.
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Oculus Spirit [80954]
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Orange Blooded [2013]
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For some reason, this came to mind
Jan 27, 2017, 3:01 PM
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It might be an "in your budget" thing, but this looks like one of those things that empties a bank account. several times.
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All-TigerNet [12763]
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don't
Jan 27, 2017, 3:02 PM
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but just curious....how long has this place been on the market?
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Oculus Spirit [75671]
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It first came on in November.
Jan 27, 2017, 3:05 PM
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In a normal market, not horribly long, but an insanely long time in the current Greenville market.
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All-In [43519]
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Red flag # 3531***
Jan 27, 2017, 3:07 PM
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Hall of Famer [21205]
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Didnt get through the whole thing.
Jan 27, 2017, 3:09 PM
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But nopes. There is too much stuff that suggests there is a ton of rot. I might would by the house for 1/4 the going price/sqft is in the neighborhood, but other than that... stay away from the thing.
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Replies: 59
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