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Author Topic: House Buying  (Read 7628 times)

ZiggysFryBoy

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Re: House Buying
« Reply #50 on: April 22, 2022, 11:17:27 AM »
Here's a couple of examples:

"The yard would be perfect to hold my daughter's quinceanera".

"I can just picture our Menorah in the bay window".

We promise not to hang ornaments in our front yard trees.

lawdog77

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Re: House Buying
« Reply #51 on: April 22, 2022, 11:22:47 AM »


If Joey really wants Nads' crib, he'd wise to show up at da front door with a vanilla ice cream cone from Leon's, aina?
Hes good as long as he doesnt tell him he will be putting up Christmas lights.

tower912

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Re: House Buying
« Reply #52 on: April 22, 2022, 11:23:17 AM »
I made my daughter cry by telling her what we paid for our house in 1993.

I am amused by the number of cold call phone calls and mailers offering to sell our house for us.   
I do not envy those buying their first house today.
Luke 6:45   ...A good man produces goodness from the good in his heart; an evil man produces evil out of his store of evil.   Each man speaks from his heart's abundance...

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cheebs09

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Re: House Buying
« Reply #53 on: April 22, 2022, 11:45:30 AM »
We had a friend sell their house in the last few years and they said the letters have graduated to videos now.

Spotcheck Billy

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Re: House Buying
« Reply #54 on: April 22, 2022, 11:49:03 AM »
We had a friend sell their house in the last few years and they said the letters have graduated to videos now.

pr0n?

Hards Alumni

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Re: House Buying
« Reply #55 on: April 22, 2022, 11:54:03 AM »
If I got a sappy letter about my goddammed house, that jackass is going to the bottom of the pile of offers.

SAME

rocky_warrior

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Re: House Buying
« Reply #56 on: April 22, 2022, 11:57:05 AM »
pr0n?

Zig would sell his house for $1 if he he got a batch of those videos.
“Normal is an illusion. What's normal for the spider is chaos for the fly.”  -Morticia Addams

jficke13

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Re: House Buying
« Reply #57 on: April 22, 2022, 12:05:31 PM »
We had a friend sell their house in the last few years and they said the letters have graduated to videos now.

Sounds like hostage videos.

The fact that the letter does differentiate you from Blackrock (assuming Blackrock wouldn't just hire someone to write one) I guess might move the needle.

<shrug>

What I found infuriating was the fact that the sellers didn't actually engage in a negotiation. You list for X, you get offers of X, 1.1X, .9X, and 1.11X. Wtf are you doing not calling X and 1.1X and saying "that guy over there has you beat, wanna up your offer?" Why simply just grab the highest one and never try to actually get the bidding war going?

There were several houses where we were outbid but would have been willing to consider going a little higher if we had been engaged in a negotiation.

Anyway, residential real estate transactions suck. If there's anything to be said for a "forever" home is that you avoid having to do this nonsense again in a few years when your begging letter will be in the metaverse.

JWags85

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Re: House Buying
« Reply #58 on: April 22, 2022, 12:10:13 PM »
We had a friend sell their house in the last few years and they said the letters have graduated to videos now.

My best friend and his wife just sold a condo in Wicker Park in Chicago.  Were shocked how fast they got offers.  They had 3 offers within a week, 2 above asking.  A couple made an offer, $25K under asking, knowing there were already multiple offers on the condo, and wrote a note how, not even kidding, they had their first kiss on a street corner...2 blocks over.  So the neighborhood had memories and then included some dumbass engagement video about it from their Knot page a year or so prior hoping it would help.  His wife has a tendency to be sappy and emotional and even her response was "are these idiots F'ing serious?"

Meanwhile they bought a house in the northern Chicago burbs that included the seller's agent hiding a competing offer in his back pocket that he sprung the day they planned to agree/sign to dissuade them from any contingencies and the 90 something year old seller insisting on discussing anything and everything IN PERSON with his broker and lawyer, so simple adjustments or changes to terms could take up to a week due to scheduling.  They nearly missed a lending deadline cause a winter storm came through Chicago and it made travel difficult and they couldn't do it on the phone.

StillAWarrior

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Re: House Buying
« Reply #59 on: April 22, 2022, 12:13:00 PM »
I'm still a little emotionally attached to my first house, but nonetheless I rent it out like an high priced 'escort"

By the hour?
Never wrestle with a pig.  You both get dirty, and the pig likes it.

Sultan Sultanberger

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Re: House Buying
« Reply #60 on: April 22, 2022, 12:15:42 PM »
What I found infuriating was the fact that the sellers didn't actually engage in a negotiation. You list for X, you get offers of X, 1.1X, .9X, and 1.11X. Wtf are you doing not calling X and 1.1X and saying "that guy over there has you beat, wanna up your offer?" Why simply just grab the highest one and never try to actually get the bidding war going?


Many people don't like "haggling" whether it is buying or selling.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

drewm88

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Re: House Buying
« Reply #61 on: April 22, 2022, 12:15:49 PM »
I like Rocky's advice about buying what you need now, not what you expect to need in a few years. We were told during our buying process that the median first time homebuyer stays for under 5 years. (So also consider that 7 or 10-year ARM if you don't see yourself staying past that.)

Also, go for escalation clauses. They're not going to say no to more money.

StillAWarrior

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Re: House Buying
« Reply #62 on: April 22, 2022, 12:18:35 PM »
If I got a sappy letter about my goddammed house, that jackass is going to the bottom of the pile of offers.

I'd respond with a letter telling them how I plan to spend the money and that they could make everyone happy by upping their offer.
Never wrestle with a pig.  You both get dirty, and the pig likes it.

rocky_warrior

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Re: House Buying
« Reply #63 on: April 22, 2022, 12:24:50 PM »
By the hour?

Hah.  Guess I should work on my analogy!
“Normal is an illusion. What's normal for the spider is chaos for the fly.”  -Morticia Addams

ChitownSpaceForRent

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Re: House Buying
« Reply #64 on: April 22, 2022, 12:28:41 PM »
I would just be annoyed by receiving letters.

When I eventually sell my place, I’m gonna request to my realtor that he burns all letters/video so I never have to deal with them.

Skatastrophy

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Re: House Buying
« Reply #65 on: April 22, 2022, 12:32:00 PM »
I would just be annoyed by receiving letters.

When I eventually sell my place, I’m gonna request to my realtor that he burns all letters/video so I never have to deal with them.

That's the thing, I would just ignore them. Same with cover letters on resumes, or thank you notes after interviews in the workplace. They do not materially change the conversation.

Sultan Sultanberger

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Re: House Buying
« Reply #66 on: April 22, 2022, 12:33:25 PM »
Cover letters are more important than resumes in my opinion.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

Skatastrophy

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Re: House Buying
« Reply #67 on: April 22, 2022, 12:36:08 PM »
Cover letters are more important than resumes in my opinion.

I haven't seen a cover letter in 10 years (that I can recall). Different industries maybe? The good people don't even have an updated resume, they just send a link to their Linkedin.

Edit: Thinking more, I may be out on an island with this one. Most people we've hired in the past bunch of years have come with a warm intro, and if they can't get a warm intro they usually don't get an interview. That's probably going above and beyond in the same spirit as a cover letter, and I'll take the L here.
« Last Edit: April 22, 2022, 12:38:35 PM by Skatastrophy »

Sultan Sultanberger

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Re: House Buying
« Reply #68 on: April 22, 2022, 12:39:30 PM »
I haven't seen a cover letter in 10 years (that I can recall). Different industries maybe? The good people don't even have an updated resume, they just send a link to their Linkedin.

I'm sure it's a different industry where what the resume or LinkedIn says about where they work and what their title is doesn't really tell the entire story about how they see themselves fitting here.  I also don't hire THAT many people so it is more of a process.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

jficke13

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Re: House Buying
« Reply #69 on: April 22, 2022, 12:46:17 PM »
Cover letters are more important than resumes in my opinion.

Saw something recently about how the labor market tipping in favor of labor has "made people rethink traditional parts of the application process" namely the cover letter. The comment made by the guy sharing the link was "cover letter? You want me to write an origin story for my resume? F off."

Sultan Sultanberger

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Re: House Buying
« Reply #70 on: April 22, 2022, 12:53:49 PM »
Saw something recently about how the labor market tipping in favor of labor has "made people rethink traditional parts of the application process" namely the cover letter. The comment made by the guy sharing the link was "cover letter? You want me to write an origin story for my resume? F off."


Yeah it was in the Wall Street Journal.  But again this is likely specific to certain industries.

But you aren't working in my department without a cover letter.  I don't need your origin story, but if you can't quickly encapsulate why you want to work here and why you think you fit in a couple of paragraphs, then it's just not going to work.  And in my career, I have occasionally hired people with better resumes but the letters were...poor.  And it wasn't great.  Like Shaka, I have learned how important culture is, and you can't figure that out in a resume.
“True patriotism hates injustice in its own land more than anywhere else.” - Clarence Darrow

muwarrior69

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Re: House Buying
« Reply #71 on: April 22, 2022, 01:00:43 PM »
I made my daughter cry by telling her what we paid for our house in 1993.

I am amused by the number of cold call phone calls and mailers offering to sell our house for us.   
I do not envy those buying their first house today.

In 1977 we paid 55k for our house. We sold it for 395k in 2017. When we were expecting our daughter my dad painted a Mickey Mouse on one wall and a Donald Duck on the other wall in the nursery. After 40 years in the house we could never paint over those "murals". Interestingly enough it was those paintings that sold the house. The young couple's little girl just had to have Mickey and Donald in her room. They made an offer that day.

Buying/building and selling a home can be stressful. I sold 3 homes (my inlaws, my parents and our home) and built a new home in a 7 year span.

MU82

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Re: House Buying
« Reply #72 on: April 22, 2022, 03:50:40 PM »
I'm not connected to what's going on everywhere, but the place I do see a lot of real estate transactions is suburban Seattle because my daughter lives there and they're looking at houses ... and it's absolutely bonkers.

I think some of the sold listings would shock some of y'all.

Here's a listing for a 3BR, 2BA, 1800 SF house that isn't even in one of Bellevue's most prestigious neighborhoods. It listed for $1.1M and sold immediately for $1.35M.

https://www.redfin.com/WA/Bellevue/6102-115th-Pl-SE-98006/home/414079

Here's a little 1300 SF rambler that listed for $1.1M and sold for $1.42M.

https://www.redfin.com/WA/Bellevue/5614-117th-Ave-SE-98006/home/414567

And those aren't even extreme examples, just a couple I happened to have saved in my inbox. All the time I'm seeing $1M+ houses that go for $400K or $500K or more over list. Even houses in Renton, which has lousy schools and isn't considered as desirable, are going for $100K-$200K over list. Even condos are.

Maybe it's even worse in San Fran or NY or other places, but I've never personally seen anything like this Seattle stuff.
There were 681 attempts to ban or restrict access to a record 1,651 different books in schools through August of this year. What books? Mainly those written by or about people of color or that deal with LGBTQ issues.

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MuggsyB

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Re: House Buying
« Reply #73 on: April 22, 2022, 04:02:17 PM »
I'm not connected to what's going on everywhere, but the place I do see a lot of real estate transactions is suburban Seattle because my daughter lives there and they're looking at houses ... and it's absolutely bonkers.

I think some of the sold listings would shock some of y'all.

Here's a listing for a 3BR, 2BA, 1800 SF house that isn't even in one of Bellevue's most prestigious neighborhoods. It listed for $1.1M and sold immediately for $1.35M.

https://www.redfin.com/WA/Bellevue/6102-115th-Pl-SE-98006/home/414079

Here's a little 1300 SF rambler that listed for $1.1M and sold for $1.42M.

https://www.redfin.com/WA/Bellevue/5614-117th-Ave-SE-98006/home/414567

And those aren't even extreme examples, just a couple I happened to have saved in my inbox. All the time I'm seeing $1M+ houses that go for $400K or $500K or more over list. Even houses in Renton, which has lousy schools and isn't considered as desirable, are going for $100K-$200K over list. Even condos are.

Maybe it's even worse in San Fran or NY or other places, but I've never personally seen anything like this Seattle stuff.

It's worse in suburban San Fran.  Median prices of similar homes are now 1.7 in Sunnyvale and most of the South suburbs until you get to San Jose. 

jficke13

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Re: House Buying
« Reply #74 on: April 22, 2022, 04:48:54 PM »
Several years ago I knew a Husband-Wife trying to buy a 2BR apartment in San Francisco. Both were subspecialty radiologists. The put in an offer on a place and pulled it. Said to me "we just didn't think we could reasonably afford it."

Not sure exactly where within the city. But if two radiologists can't afford a 2BR joint, the housing market is irrevocably broken.

People built barricades for less in the past.

 

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