3R Home and Barn Project

[hobie]

Rob, Sorry to hear about the motor, but impressed you were up to dealing with it yourself. You and Loretta always seem to impress and inspire me! I was actually thinking of this thread when I got my coffee this morning. Really enjoyed your updates. Hope you have wonderful holidays! Your fan in Boston, Brian

 

[dfkrug]

David, are you coming down for the Ag Expo? Should we start setting the wheels in motion for a get together?

You bet. Hope it doesn't rain that week. Maybe I will attend 2 days this
year.....

 

[RedDirt]

Hi Rob,
I too was missing your updates. I figured you were either (likely) very busy or (unlikely) took an exotic extended vacation. Looks like the former. Sorry about your engine but I admire your attitude seeing it as a learning opportunity.

We are in the midst of selling our second home and going through the modern ungodly hassles of endless sellers disclosures, inspections, finding (then destroying and having to replace) a perfectly working wood septic tank, dealing with an obscure 2004 supreme court ruling on antiquated subdivisions, on and on and on.

In the meantime I am finishing up a snow blower conversion for the bx. I'll post the build soon in the next couple of weeks. It was a fun build especially since I got the chance to do some machining in my buddy's well equipped machine shop.

Thanks for the update. Happy Holidays.

Ray

 

[3RRL]

We are in the midst of selling our second home and going through the modern ungodly hassles of endless sellers disclosures, inspections, finding (then destroying and having to replace) a perfectly working wood septic tank, dealing with an obscure 2004 supreme court ruling on antiquated subdivisions, on and on and on.

Happy Holidays.

Ray

Hi Ray,
Funny you should mention that.
Because we are in exactly the same situation. We are also in the middle of selling our previous home and going through the same inspections and disclosures. The inspection report always comes back with a million little things. Our home was originally built in 1956 so naturally there are a lot of codes that have changed and so forth.
Good luck with your projects and Merry Christmas!

 

[EddieWalker]

Congrats on selling your other house. I sure hope it goes through and you are able to close on it in a timely manner!!!!!

Eddie

 

[3RRL]

Thank you Eddie,
We are excited that the house is in Escrow. Our agent has just emailed us not to worry about many of the things on the inspection report because the buyer was made aware of the that this is an older home. Things like trees around the home might cause the gutters to clog up ... lol. Duh!!!
Take care and Merry Christmas.

 

[dave1949]

I haven't bought or sold many houses, but the inspection thing is a growing menace I think. So often buyers look at it as list of nickel-dime things that should be fixed before they purchase. That could make sense for an actual safety or health item, but not routine maintenance items. I don't think that was the original intent of home inspections.

I guess right now, if you can sell a house at all, you can consider yourself lucky.
Dave.

 

[RedDirt]

I guess right now, if you can sell a house at all, you can consider yourself lucky.
Dave.

Boy, you've got that right! And California has gone off the deep end with inspections and disclosures. I distinctly remember buying and selling property with 3 to 5 pages of paperwork. We're now up to about 60 pages on this sale and only 75% through the process.

Our second house is old too. Our contract says specifically "As-Is" yet the modern day as-is means as-is but perfect!.

Our buyers have nothing into the deal what-so-ever. The only thing they have is a job and have qualified for a loan. They get 100% financing and no down payment. Even their insurance and taxes are financed! Then we had to kick in some of the "normally buyer" closing cost in order to close the deal because they could not even afford that.

You can see why so many is such a situation just walk away. They have nothing invested; just renting-to-own. So then the loan companies get skittish and here comes the hundreds of check boxes, disclosures and inspections. If they have to repossess they want to make sure they can resell. If they'd simply require the buyers to have some skin in the game I'm sure there would be fewer walk offs.

I hear loan companies may get stricter after the first of the year (or sometime later). In the meantime it's the sellers who suffer having to please the loan companies not the buyers.

 

[ultrarunner]

I haven't bought or sold many houses, but the inspection thing is a growing menace I think. So often buyers look at it as list of nickel-dime things that should be fixed before they purchase. That could make sense for an actual safety or health item, but not routine maintenance items. I don't think that was the original intent of home inspections.

I guess right now, if you can sell a house at all, you can consider yourself lucky.
Dave.

With CA disclosure laws... everything gets disclosed or the seller is wide open for a suit down the road...

So withholding information on reports is a recipe for problems and disclosing information could very well kill the sale...

Reports list pages of things that really scare first time home-buyers... things like 2-prong electrical outlets, dead-bolt locks, galvanized pipe, water heater straps and rigid gas lines, lead hazards of Brass Fixtures, lead paint, lack of safety or tempered glass in doors, asbestos in linoleum... just to name a few...

Just to think... a couple of years ago, multiple buyers were standing in the front yards and bidding for as-is homes... my how times change...

 

[jinman]

I guess right now, if you can sell a house at all, you can consider yourself lucky.

Next Tuesday morning, I have a closing on 11 acres that I advertised only on Craigslist and one or two newspaper classifieds. It finally sold with two people wanting it that last week. I feel far above lucky to be selling raw land in this economy. I'm even selling it at a premium price. Compared to selling a house, this sale was a breeze. All I had to do was take the contract to the title company and get a survey. It's been only 45 days since the offer and we will close before Christmas. What a gift!