Home and Auto Buying a house

**DaFace** · 02-27-2009, 08:53 PM

We just put an offer in on one this evening. I'm a n00b at this home buying thing, and this whole "sit and wait to hear back from them" is nerve racking!

That's about all I got. Carry on with your Vrabel debates.

Fritz88 · 02-27-2009, 08:55 PM

Quote:

Originally Posted by DaFace

We just put an offer in on one this evening. I'm a n00b at this home buying thing, and this whole "sit and wait to hear back from them" is nerve racking!

That's about all I got. Carry on with your Vrabel debates.

good luck.

when i saw the two word title i thought it was another deal we made "verbal a chief"...

it's a good time to buy. if they know you are serious about it, they will actually lower prices..

**Bugeater** · 02-27-2009, 08:57 PM

Details? Newer? Older? Ranch? Multi-level?

**DaFace** · 02-27-2009, 08:58 PM

Quote:

Originally Posted by Fritz88

good luck.

when i saw the two word title i thought it was another deal we made "verbal a chief"...

it's a good time to buy. if they know you are serious about it, they will actually lower prices..

Yeah, that's what we're hoping. We came in low, but not dramatically so. The only issue from our POV is that we found it the day after they listed it, so it's only been on the market 3 days. Hopefully they'll consider themselves lucky rather than thinking they can get something better if they wait.

**DaFace** · 02-27-2009, 08:59 PM

Quote:

Originally Posted by Bugeater

Details? Newer? Older? Ranch? Multi-level?

1997
Two-story with a full basement
4 bed, 2.5 bath
1500 sq ft plus 700 of finished basement

If anyone is actually interested enough, PM and I'll send you the listing info.

**Buck** · 02-27-2009, 08:59 PM

DaFace, get it done.

Hog's Gone Fishin · 02-27-2009, 09:00 PM

What's your credit score ?

If it's over 700 then YOU call the shots. YOU tell them what the interest rate will be and YOU tell them when to talk and when to

!

Good Luck!!!

**DaFace** · 02-27-2009, 09:02 PM

Quote:

Originally Posted by Hog Farmer

What's your credit score ?

If it's over 700 then YOU call the shots. YOU tell them what the interest rate will be and YOU tell them when to talk and when to

!

Good Luck!!!

No problem there. We're both at around 760. The loan certainly isn't the issue.

**Saul Good** · 02-27-2009, 09:04 PM

2 pieces of unsolicited advice:

1. Don't fall in love with any house and mentally move in before you close.

2. If a realtor tells you not to make too low of an offer for fear of offending the seller, punch her in the face.

**Bugeater** · 02-27-2009, 09:04 PM

Quote:

Originally Posted by DaFace

1997
Two-story with a full basement
4 bed, 2.5 bath
1500 sq ft plus 700 of finished basement

If anyone is actually interested enough, PM and I'll send you the listing info.

Damn, Rain Man must be paying you way too much.

**DaFace** · 02-27-2009, 09:06 PM

Quote:

Originally Posted by Bugeater

Damn, Rain Man must be paying you way too much.

Heh...well, I can't complain too much. That, plus it helps that the housing market is in the shitter. I saw in the paper a month or so ago that home prices in Denver dropped an average of 18% in the past year.

**DaFace** · 02-27-2009, 09:07 PM

Quote:

Originally Posted by Saul Good

2 pieces of unsolicited advice:

1. Don't fall in love with any house and mentally move in before you close.

2. If a realtor tells you not to make too low of an offer for fear of offending the seller, punch her in the face.

Not an issue in either case, but thanks for the advice.

ArrowheadMagic · 02-27-2009, 09:07 PM

is the bid near the appraisal? 3 days in will normally keep them from straying too far from their asking price, depends on the market there.

Hog's Gone Fishin · 02-27-2009, 09:08 PM

Normally , the rule of thumb is to offer 10% below. But in todays economy there are sellers just wanting out from under the payments. I've bought about 20 houses inmy lifetime and still have 19 of them. I had a guy offer me his house yesterday for payoff, he said 73,000 on a 90,000 house but I wasn't interested.

**DaFace** · 02-27-2009, 09:10 PM

Quote:

Originally Posted by ArrowheadMagic

is the bid near the appraisal? 3 days in will normally keep them from straying too far from their asking price, depends on the market there.

Depends on what appraisal. If you go off of what the county has on file, it was already listed at about 10 percent less than appraisal, and we offered below that. Of course, that could be out of date at this point.

02-27-2009, 08:53 PM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1706899	Buying a house We just put an offer in on one this evening. I'm a n00b at this home buying thing, and this whole "sit and wait to hear back from them" is nerve racking! That's about all I got. Carry on with your Vrabel debates.
Posts: 51,976

02-27-2009, 08:57 PM	#3
Bugeater The Maintenance Guy Join Date: Sep 2005 Location: Renovated Bugeater Estate Casino cash: $6232680	Details? Newer? Older? Ranch? Multi-level?
Posts: 70,443

02-27-2009, 08:59 PM	#6
Buck Take a Chill Pill Join Date: Nov 2006 Location: South Carolina Casino cash: $8239900	DaFace, get it done.
Posts: 44,564

02-27-2009, 09:00 PM	#7
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1400477	What's your credit score ? If it's over 700 then YOU call the shots. YOU tell them what the interest rate will be and YOU tell them when to talk and when to ! Good Luck!!!
Posts: 40,400

02-27-2009, 09:04 PM	#9
Saul Good Quit your bullshit Join Date: Jul 2005 Location: Bored of winning Casino cash: $10052799	2 pieces of unsolicited advice: 1. Don't fall in love with any house and mentally move in before you close. 2. If a realtor tells you not to make too low of an offer for fear of offending the seller, punch her in the face. __________________ Today is not a good day to be a pussy.
Posts: 41,870

02-27-2009, 09:07 PM	#13
ArrowheadMagic Veteran Join Date: Jul 2006 Location: OPKS Casino cash: $8163465	is the bid near the appraisal? 3 days in will normally keep them from straying too far from their asking price, depends on the market there.
Posts: 3,851

02-27-2009, 09:08 PM	#14
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1400477	Normally , the rule of thumb is to offer 10% below. But in todays economy there are sellers just wanting out from under the payments. I've bought about 20 houses inmy lifetime and still have 19 of them. I had a guy offer me his house yesterday for payoff, he said 73,000 on a 90,000 house but I wasn't interested.
Posts: 40,400