Obviously discuss with your realtor, but depending on the settlement timeline a lot of it can be “plz fix” or ask for money to handle the repairs after the sale yourself. Just don’t nickel and dime easy handy-man tasks.
I had basically 2 opposite experiences with this back to back when buying my house in Jan of 2019. The first place we put a serious offer in and was accepted had some structural issues with the back deck and an addition with laundry and questionable roof quality and some electric work that needed to be re-mediated. All told estimated 20kish in repairs. Seller refused to offer more than 4k and we just walked away.
The house we actually bought despite being 30-50 years older, was in better shape, some issues that needed to be fixed within 5 years (redo pointing on masonry, regrade roof, repair some weathered wood soffit). There was small leak before we moved in that they repaired and they paid for treatment for past termite activity as required by the mortgage company but smooth sailing. The only stress was we did a 14 day close to lock it down which is incredibly fast for a non-cash offer.
It is a really nice little place, the porches have settled slightly, but my bigger concern is going to be making room for a lift. Need to be able to have wheelchair users visit, and that’s probably going to beat up that side porch something awful.
Super Congrats man. Honestly The day of is both super exciting and underwhelming in all of it, but I recommend a whiskey or champagne in the house after you get the keys and just to be in it and think about your future life in the house if you have the time to do so.
My sister temporarily moved in on my spare floor while she relocates to Philly so a lot of “whenever” projects have been accelerated to make life easier for all of us. Kind of excited though to check off a bunch of stuff on the list.
It’s always wonderful how a deadline focuses the mind.
See: Me suddenly having a much firmer closing date and realizing that I need to finish packing up all my shit.
Same. I’m moving in two weeks, but I’m sure the rate at which I pack up my shit will increase over time. I’m currently waiting for more boxes to arrive.
This is the same house I’ve been working on buying since the end of June. I had just gotten past the underwriting section of the application in September and when I went to pick up insurance, my mortgage broker said the coverage should start the end of the month, so I assumed that was a good rough target.
I think some of it is I’m going through a NY State program, and there’s a lot of paperwork that needs to be processed that I’m not actually seeing.
Just an insanely long amount of time to be under contract on a house in my opinion. I joked about 2 week close because I did a 2 week close, but anything over 3 months just seems really drawn out.
Luke, you live in Germany, right? My vague memories of House hunters international eps in Germany have it as having barely any incentives for people to become home owners (tax breaks, home ownership programs, etc.) and that there is a capital gains tax if you sell the home at any point under 10 years.
