Home and Auto Selling a house

**2112** · 02-07-2019, 04:53 AM

I’ll be selling my house in about 10-12 years. I’ll never buy another one after that. Just rent. It’s a never ending cash cow. 2015 saw a new furnace, new central AC, new roof and new hot water heater. Next is windows and the driveway. It never ****ing ends

**LoneWolf** · 02-07-2019, 06:31 AM

Quote:

Originally Posted by D2112

I’ll be selling my house in about 10-12 years. I’ll never buy another one after that. Just rent. It’s a never ending cash cow. 2015 saw a new furnace, new central AC, new roof and new hot water heater. Next is windows and the driveway. It never ****ing ends

Buy a better house. Or piss your money away on rent. Your call.

**2112** · 02-07-2019, 06:56 AM

Quote:

Originally Posted by LoneWolf

Buy a better house. Or piss your money away on rent. Your call.

Yeah lol piss my money on rent. My house is paid off. I pay over $12,000 a year in property taxes where I live. The plan is to sell and move to another state with a lower cost of living. And not own another house.

**Bugeater** · 02-07-2019, 07:18 AM

Quote:

Originally Posted by D2112

Yeah lol piss my money on rent. My house is paid off. I pay over $12,000 a year in property taxes where I live. The plan is to sell and move to another state with a lower cost of living. And not own another house.

This experience sure as hell makes renting sound like an attractive option. After the fees and other bullshit, plus paying off our 25k HELOC for renovations, we're walking away with a whopping 40k more than we paid for it 20 goddamn years ago.

**2112** · 02-07-2019, 07:40 AM

Quote:

Originally Posted by Bugeater

This experience sure as hell makes renting sound like an attractive option. After the fees and other bullshit, plus paying off our 25k HELOC for renovations, we're walking away with a whopping 40k more than we paid for it 20 goddamn years ago.

My friend lives in Ohio, he grew up here and moved there in the early 90’s. He started flipping houses to rent out about 10 years ago. He bought some of them for as little as $25,000 outright. He then refurbishes the entire house. He has 6 houses rented out at at least $1,200.00 per month. Currently working on house number 7. He has a full time job and does this on the weekends. After he finishes house number 7 he can retire lol. He pays $600 a year in property taxes per house.

**HemiEd** · 02-07-2019, 07:32 AM

Quote:

Originally Posted by D2112

Yeah lol piss my money on rent. My house is paid off. I pay over $12,000 a year in property taxes where I live. The plan is to sell and move to another state with a lower cost of living. And not own another house.

That is just crazy, similar to what we had in Illinois.

When we were ready to retire from there and sell our home, I put it out in the listing that I would pay a $2000 bonus, if sold in the first 30 days. MLS said that was against their rules, but the word was already out.

I was thrilled to pay it when it happened, and felt like I was being released from prison.

**2112** · 02-07-2019, 07:44 AM

Quote:

Originally Posted by HemiEd

That is just crazy, similar to what we had in Illinois.

When we were ready to retire from there and sell our home, I put it out in the listing that I would pay a $2000 bonus, if sold in the first 30 days. MLS said that was against their rules, but the word was already out.

I was thrilled to pay it when it happened, and felt like I was being released from prison.

Yeah and now my douchebag governor wants a “rain tax” lol to fix all our roads. In hindsight I can sell and move to PA and still work here. But then I have the exit tax shit. My asshole feels like the Grand Canyon

**HemiEd** · 02-07-2019, 07:49 AM

Quote:

Originally Posted by D2112

Yeah and now my douchebag governor wants a “rain tax” lol to fix all our roads. In hindsight I can sell and move to PA and still work here. But then I have the exit tax shit. My asshole feels like the Grand Canyon

Holy shit, we had that to. I was so pissed off about it that it wasn't healthy.
It just amazes me how many ways they figure out how to tax a person.

Do you have to annually purchase a sticker on your car to have the privilege to park in your own driveway? That is so common in Illinois that the citizens think it is normal and they are used to it.

**2112** · 02-07-2019, 07:55 AM

Quote:

Originally Posted by HemiEd

Holy shit, we had that to. I was so pissed off about it that it wasn't healthy.
It just amazes me how many ways they figure out how to tax a person.

Do you have to annually purchase a sticker on your car to have the privilege to park in your own driveway? That is so common in Illinois that the citizens think it is normal and they are used to it.

Exit tax is 4% here

and No I can park in my driveway in peace lol

We have what’s called inspection stickers on our cars. It has an electronic bar code on it that a cop can scan driving by. It used to be every year, but now it’s every other year. They check everything and if you fail you have 30 days to make the necessary repairs.

Sorce · 02-07-2019, 08:04 AM

Quote:

5,000 buyer closing costs
2,000 bullshit from the home inspection that I'm not allowed to fix myself

These are both things you are allowed to negotiate. Sounds like you had an awful realtor. If you had originally agreed to pay 5k in closing costs (some buyers will ask for this instead of lowering the price on the house) I would have told them hell no on the additional 2k of repairs.

We just bought a house, asked for 7k off the asking price and found issues during the inspection. I could fix a lot of them myself we asked for another 1000 to fix some stuff found in the inspection, agreed on 500 back at closing.

**Bob Dole** · 02-07-2019, 10:34 AM

Quote:

Originally Posted by HemiEd

Holy shit, we had that to. I was so pissed off about it that it wasn't healthy.
It just amazes me how many ways they figure out how to tax a person.

Do you have to annually purchase a sticker on your car to have the privilege to park in your own driveway? That is so common in Illinois that the citizens think it is normal and they are used to it.

My hometown in MO had a "city sticker" when I was a kid. I think it was $5 back in the late 1960s. I don't recall when it went away, but it was gone by 1980.

**Buehler445** · 02-07-2019, 07:56 AM

Quote:

Originally Posted by Dayze

my wife and I bought a house in October.
We started looking in April.
Looked at 90 houses
Offered on 8 houses
2 Accepted but walked from both due to inspection (major issues).
Finally got the one we're in and closed in late October.

it was, by far, one of the worst experiences of our lives. we would catch a house that came on the market and view it that day by 5pm; and when we'd show up, there would literally be cars lined up down the street to view it with agents. and once inside, you'd view it with probably 6 other people minimum. Then, if you did offer, there were already 8 offers submitted.

We offered on once house 5% over asking, and it eneded up selling/closing for 23% OVER asking price. and our offer was in the rough alingnment with what other homes were selling at / appraisal ballpark.

awful experience. If I never have to move/sell/buy again, it'll be too soon.

Jesus ****. Where do you live?

Quote:

Originally Posted by Bugeater

Yep, I got stung for $5000 on that. Apparently "that's just how it works" now. The goddamn realtor commission already comes out of my proceeds, now that too? I suppose as long as I get that when I buy the next place it's a big whatever, but I don't understand why it costs that much to close on a house. It's a ****ing racket.

**** that noise. Reject it and counter.

Quote:

Originally Posted by Bugeater

Ok, I miscalculated, only $21.5k

11,500 realtor commission
5,000 buyer closing costs
2,000 bullshit from the home inspection that I'm not allowed to fix myself
2,000 seller closing costs
1,000 prorated property taxes

I'll still agree with "****ed in the ass" though.

Is the stuff you have to fix because it is a government loan?

**Bugeater** · 02-07-2019, 08:07 AM

Quote:

Originally Posted by Buehler445

**** that noise. Reject it and counter.

Too late for that.

Quote:

Originally Posted by Buehler445

Is the stuff you have to fix because it is a government loan?

No, just stupid shit, a lot of it I was aware of but hadn't had the time to repair yet. I figured whatever they found I could just fix by closing. What my realtor failed to tell me was that they would require all repairs be done by a qualified contractor. Some of the items were things that were clearly visible when the offer was made and a few others were plain absurd. I was ready to go to war over it at first, but then decided the 2k wasn't worth our sanity and I've been working on the place for 5 months straight anyway and I'm sick of it and I still have a metric shit ton of work to do to get us out of here by March 1st so I'll eat it to get the deal done.

Dayze · 02-07-2019, 08:22 AM

Quote:

Originally Posted by Buehler445

Jesus ****. Where do you Live?

JoCo Ks.
if a house was anywhere near being considered move in ready, they were sold the day they went on the market.

It was definitely a balancing act on my part. I wasn’t hip in paying a ton then having to drop probably 20k on fixing shit and countless weekends working on it...then hopefully get money back when I sold it. Not to mention, I have zero tools so any project is already a money suck because I’d have to buy tools etc.

So there were plenty of houses out there, but they needed quite a bit of work. I decided it was worth it to just be patient and when I found the house, go after it. Luckily I found a complete down to the stud remodel. New wiring, new ac, furnace, new appliances, floors, doors, etc. I sacrificed a little on location, backs up to a busy street. But got a 3 br, 2 full bath 2 car ranch with main floor laundry. Which is what I wanted when we started alll this shit last April.

With this house, all I have to do is maintain it, and not have to deal with any major projects. Which is nice, since I have virtually zero interest in owning a home to begin with. Lol. But, with rent in this area, it’s basically a little cheaper to buy.

seclark · 02-07-2019, 08:27 AM

how many ceiling fans are in the house?
sec

02-07-2019, 08:27 AM	#15
seclark MVP Join Date: Aug 2000 Location: nemo Casino cash: $1309900	how many ceiling fans are in the house? sec __________________ "Mr. seclark. Wrong for gravy, wrong for jelly, wrong for biscuits." -rj "If every Planeteer who was disliked by another Planeteer stopped being a Planeteer we wouldn't have any Planeteers." -rj
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