Bought the house, moving in!! - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


Lounge For casual talk about things unrelated to General Motors. In other words, off-topic stuff. And anything else that does not fit Section Description.

Reply
 
 
 
Thread Tools Search this Thread
Old 02-18-2007, 08:29 PM   #1
Senior Member
True Car Nut
Thread Starter
 
Join Date: Aug 2004
Location: In your garage, swipin' da lug nutz
Posts: 3,067
Thanks: 0
Thanked 0 Times in 0 Posts
sandrock is on a distinguished road
Default Bought the house, moving in!!

I am so thrilled I found a place, and it really is nice on the inside. AND IT HAS A 2 CAR GARAGE!!

Here is where I need the help in getting this contract on the house. The asking price is 159k. Zillow.com has it fair-market priced at around 145k. I am 100% approved through my bank for 160k, but the biggest stipulation is that the seller needs to pay all closing costs (which is around 8 grand..kinda high due to buying a point). So what should I offer for the place? I don't want to lowball, but at the same time the selling price is going to be determined by the VA inspection.
sandrock is offline   Reply With Quote
Old 02-18-2007, 08:36 PM   #2
Senior Member
True Car Nut
 
Join Date: May 2003
Location: Grand Rapids, Mi
Posts: 3,244
Thanks: 0
Thanked 0 Times in 0 Posts
L27Buick is on a distinguished road
Default

its a buyers market, i just bought my new house about 2 months ago now and i had sell pay all closing cost and i have him do a bunch or work to the house and i think i should have asked for more. the worst he or she can say is no. id say try and see what happens.
L27Buick is offline   Reply With Quote
Old 02-18-2007, 09:05 PM   #3
Junior Member
 
Join Date: Mar 2003
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
vital49 is on a distinguished road
Default

I'd offer 145 - 8K. What is that? 137? If you can justify your offer through comps and sales history, you have nothing to loose.

Is this in FL? If so, it'* not so much of a buyer'* market down there, Custom. MI is a totally different story.
vital49 is offline   Reply With Quote
Old 02-18-2007, 09:11 PM   #4
Senior Member
True Car Nut
 
Join Date: Sep 2006
Location: Somewhere south of Ottawa with your girlfriend driving faster then you.
Posts: 3,277
Thanks: 0
Thanked 0 Times in 0 Posts
ReallyAGXP is on a distinguished road
Default

Quote:
Originally Posted by vital49
I'd offer 145 - 8K. What is that? 137? If you can justify your offer through comps and sales history, you have nothing to loose.

Is this in FL? If so, it'* not so much of a buyer'* market down there, Custom. MI is a totally different story.
i would assume this line
Quote:
selling price is going to be determined by the VA inspection.
would mean its in Virginia
ReallyAGXP is offline   Reply With Quote
Old 02-18-2007, 09:12 PM   #5
Senior Member
True Car Nut
Thread Starter
 
Join Date: Aug 2004
Location: In your garage, swipin' da lug nutz
Posts: 3,067
Thanks: 0
Thanked 0 Times in 0 Posts
sandrock is on a distinguished road
Default

Yes, it is in Port St. Johns, Florida. Just south of Titusville, and 35 mins. east of Orlando. The market skyrocketed 2 years ago but tanked about 5 months ago. When the house first went on the market, its asking price was priced where the market says it should be, but over the time of a month it dropped about 10k according to Zillow. So now, for us, it'* a buyers market again.

VA inspection - VA means in this context "Veterans Affairs"
sandrock is offline   Reply With Quote
Old 02-18-2007, 09:13 PM   #6
Junior Member
 
Join Date: Mar 2003
Location: Purgatory
Posts: 0
Thanks: 0
Thanked 0 Times in 0 Posts
vital49 is on a distinguished road
Default

No. VA is a "VA" sponsered loan...they're backed by the Federal Government in the event he defaults. That'* why VA has to agree to the buying price as well. It'* only available to honarbly discharged service men and women.
vital49 is offline   Reply With Quote
Old 02-18-2007, 09:26 PM   #7
Senior Member
True Car Nut
 
Join Date: Sep 2006
Location: Somewhere south of Ottawa with your girlfriend driving faster then you.
Posts: 3,277
Thanks: 0
Thanked 0 Times in 0 Posts
ReallyAGXP is on a distinguished road
Default

oh my bad i had no idea lol
ReallyAGXP is offline   Reply With Quote
Old 02-18-2007, 10:17 PM   #8
Senior Member
True Car Nut
Thread Starter
 
Join Date: Aug 2004
Location: In your garage, swipin' da lug nutz
Posts: 3,067
Thanks: 0
Thanked 0 Times in 0 Posts
sandrock is on a distinguished road
Default

Well, we sent an offer of 155k, they pay all closing. Let'* see how long this floats.
sandrock is offline   Reply With Quote
Old 02-22-2007, 05:56 PM   #9
Senior Member
True Car Nut
Thread Starter
 
Join Date: Aug 2004
Location: In your garage, swipin' da lug nutz
Posts: 3,067
Thanks: 0
Thanked 0 Times in 0 Posts
sandrock is on a distinguished road
Default

Yesterday the offer got rejected, but they countered with 164,500 w/ all closing costs included. I countered THAT with 162k and the seller bit Good thing I was approved for just above that

Now the real fun begins. Next week is the inspection and VA appraisal. If it does not appraise at what we agreed to, either A) seller comes down on price to match or B) I walk away. So we will see

Oh yeah, here is pic of it:











sandrock is offline   Reply With Quote
Old 02-22-2007, 06:04 PM   #10
Senior Member
True Car Nut
 
Join Date: May 2003
Location: Grand Rapids, Mi
Posts: 3,244
Thanks: 0
Thanked 0 Times in 0 Posts
L27Buick is on a distinguished road
Default

pics?
L27Buick is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Dad's friend bought a house (I'm excited! You'll see why.) Bonneville92V688 Lounge 11 05-02-2008 12:46 AM
i finally bought a house! mikey Lounge 14 09-13-2005 08:17 PM
A true, moving story... TrueWildMan Lounge 2 11-15-2003 01:19 PM
Moving up .... salserin69 General GM Chat 4 05-14-2003 02:36 AM
I'm moving to Ohio jimzdat General GM Chat 3 10-07-2002 12:43 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 08:41 PM.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.