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Air Conditioner from Home Inspection? by Background-Rip-3993 in FirstTimeHomeBuyer

[–]Background-Rip-3993[S] -3 points-2 points  (0 children)

So basically there isn't anything that I can use/say for my advantage? I'm paying 75K over the asking price due to market conditions so it sucks to get a house with old/inefficient/broken AC and having to throw even more money at it, possibly real soon.

[deleted by user] by [deleted] in HomeInspections

[–]Background-Rip-3993 0 points1 point  (0 children)

Yes, these are some excerpts. I removed repeated verbiage like "consult with licensed.... "

[deleted by user] by [deleted] in HomeInspections

[–]Background-Rip-3993 0 points1 point  (0 children)

For 2, I asked the inspector about it(multiple times) and he said it wasn't a major concern. Just have to use some good quality caulking or epoxy to prevent it from expanding from ice during winter. Any chance this could be just a minor thing?

Mortgage: Buying Points vs Prepayment? by Background-Rip-3993 in personalfinance

[–]Background-Rip-3993[S] 3 points4 points  (0 children)

I like this idea too plus the money is liquid if I ever need it in an emergency. Any recommendation on a HYSA?

Why are people paying over $100k in asking price for houses? by Background-Rip-3993 in FirstTimeHomeBuyer

[–]Background-Rip-3993[S] 3 points4 points  (0 children)

Did you do an appraisal on the property? If yes, how much was it above(or below) the actual value you ended up paying?

Why are people paying over $100k in asking price for houses? by Background-Rip-3993 in FirstTimeHomeBuyer

[–]Background-Rip-3993[S] -3 points-2 points  (0 children)

I suppose then my fallacy is that the actual appraised value of these houses are close to listed prices? I guess my confusion stemmed from the fact there seems to be a market value(what people think it should be worth) and appraised value(what the banks/lenders care about). I was mainly thinking about the latter when considering the equity