ChiefsPlanet - Life Buying a house ****ing sucks.

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Buying a house ****ing sucks. (https://chiefsplanet.com/BB/showthread.php?t=322316)

Ever considering Living in a Van Down by the River?

I have polished a lot of turds, the ones you think are the worst end up being the nicest.

How did you find the short sale?

If you think looking at houses sucks, just wait till you get to the application / finance part.

Quote:

Originally Posted by arrowheadnation (Post 14205676)

I got shit on by the county appraiser after I bought my house. I bought my house two years ago in June as a 3 bedroom home with a finished basement. Got the payment to a level I wanted. All was right with the world. A year later, I get my assessment from the county appriaser. My property value was going up by $42,000. I'm immediately like WTF?!?!? Turns out my home was appraised in January of the year I bought it as a 2 bedroom home with an unfinished basement. Between that time and the time I purchased it, the seller finished the basement. This was not divulged to me at the time of purchase. Being a first time home owner, I didn't understand what this meant. Then a couple months later, boy did I ever find out. Pennymac basically let me know that my mortgage was going up like $250/month. I was allowed to pay some up front to lower the payment throughout the year, but with a single income, things were pretty tight this year. I contacted my loan lady to plead my case and she basically said, "yeah, that happens." So **** her, she's never getting my business again. I've been trying to look into ways to get it lowered back to where it was, but I'm not having any luck. Mainly because I don't know where to begin. If anybody has any tips or pointers, I'd be very appreciative. (I contacted the appraiser and they told me that my value was raised to match others in the area with finished basements)

My initial impression is the only way you're going to fix that is to put up a For Sale sign. I'm an armchair expert at a lot of things, but that's not one of them! Maybe talk with a real estate attorney.

Quote:

Originally Posted by Third Eye (Post 14205677)

Yeah, we’ve been tracking Zillow pretty regularly just to keep an eye on the market. We’ve already given up on our preferred location, which was up by Fairway. Unfortunately, it looks we’d need $600+ minimum to get what we want/need. I mean, we don’t need a big house, but with 2 kids I need more than 1900 sq ft at that price.

Based on our wants/needs/budget, we’ll probably be looking at southern Prairie Village/northern Leawood. I’d prefer to be on the MO side, but **** the KCMO school district and **** the price of private school.

Have you considered Raymore if you want to stay on the Missouri side? A bit out of the way, but would get more bang for the buck vs Leawood and Cass County taxes are a little more lax.

Quote:

Originally Posted by Fat Elvis (Post 14205631)

Its a sellers market, at least here in my area (Topeka). Going through a divorce so we've been selling some properties; had a rental posted for 10 minutes before the first showing. Had a contract within two hours. Actually had to counter lower than the offer as there was zero chance that the house would appraise for offer, otherwise, really, really solid offer. Realtor said it was the first time that she's ever seen a counter that was lower than the offer. (House was built in the 80s; final sales price rivals a new build on a price/sq ft basis.)

Neighbor listed yesterday; I noticed that her house is under contract today.

Quote:

Originally Posted by cooper barrett (Post 14205664)

English,

i have set the standards for comps in many neighborhoods. Told you will never get financed.... You had to counter lower within hours WTF??? I say BS

New house per SF is a house without garage door openers, poor landscaping if any, sometimes no grass, and in many cases >50 a sf carpet....

I am saying something stinks here

I had the property for less than two years. It sold for more than 30% above purchase price.

Edit:. I should clarify that our counter was to remove the flooring allowance built into the offer that they wanted wrapped into their financing. It resulted in the same amount of money in my pocket.

you must be looking at nice houses. My sister owns a couple that would be your regular goatee rush busch lite drinking chiefsplanet folk on Ohsdaul

Sellers market everywhere. Homes here are selling minutes after listing. Some for above asking price. Especially in MPLS. Who the F knows why in MPLS??

In the burbs-same thing. Homes move fast. A neighbor whose house is 2.5 years old sold it in a few days. Thinking it went for 30k more than what it was built for. Picked the move out date.

Money is cheap. 3.8% is basically free.

Good luck.

Quote:

Originally Posted by Demonpenz (Post 14205722)

you must be looking at nice houses. My sister owns a couple that would be your regular goatee rush busch lite drinking chiefsplanet folk on Ohsdaul

Nothing too fancy, but yeah, I don't wanna live on Ousdahl St.

Quote:

Originally Posted by displacedinMN (Post 14205732)

Buyers market everywhere. Homes here are selling minutes after listing. Some for above asking price. Especially in MPLS. Who the F knows why in MPLS??

In the burbs-same thing. Homes move fast. A neighbor whose house is 2.5 years old sold it in a few days. Thinking it went for 30k more than what it was built for. Picked the move out date.

Money is cheap. 3.8% is basically free.

Good luck.

Those things make it a sellers market, not a buyers market.

Quote:

Originally Posted by Chief Roundup (Post 14205737)

Those things make it a sellers market, not a buyers market.

My wife and I were trying to get into a neighborhood and were never successful due to having contingency.
We said eff it and built a house in the neighborhood... one of the best decisions we've ever made.

Absolutely love my house.

Have you tried houses around Tonganoxie or Bonner Springs? Some of those Bonner Springs addresses are in Leavenworth County and the school district is Basehor-Linwood.

When we bought we looked at tons of houses over a couple of years. We weren't in a rush, wanted to find a good price and something that had what we wanted. Eventually we built. We went to a good mid-range builder with plans from a lower priced builder and said that they had that house available for 145k. The mid-range builder matched the price and had a lot of things included in their price that the low-end guy didn't, like Oak doors, molding, etc. standard. We'd have paid over 180k with the low end guy but got our house for 145k with all those upgrades, better quality framing, etc. and a half acre lot in town 5 minutes from my work. We finished the basement ourselves with me doing all the framing and sheetrock and hiring side guys to do the plumbing, electrical, etc. Only cost about 10k to finish the basement out. It could sell for 300k today, less than 10 years later. We had 6 months to sell our existing place after that because building obviously takes time. That allowed us the time to get our asking price.
My advise is simple. Don't be in a hurry. Shop like you are just looking for things you like. Don't overpay but if you put in an offer, make sure you lock that seller in. Don't be afraid to build. In my experience it can be cheaper. It absolutely was with us.

Quote:

Originally Posted by arrowheadnation (Post 14205676)

This is really common honestly at least around here. Shit, even happened to my dad back in the 80s. He did get them to reduce it by calling them up and saying that if they thought it was worth that much he'd sell it to them right now. Didn't reduce it by much, I think they just wanted to shut him up. He's a guy that was on a first name basis with the Senators, etc. in the state.

Quote:

Originally Posted by oldman (Post 14205764)

Have you tried houses around Tonganoxie or Bonner Springs? Some of those Bonner Springs addresses are in Leavenworth County and the school district is Basehor-Linwood.

Tongie was all either methlab tier houses or 300k+. We haven't really looked in Bonner either.