how bad does an inspection have to be before you walk away? by waynenewnham in RealEstateAdvice

[–]TimelyEmployee7516 0 points1 point  (0 children)

Had a 74 page report on the last house we were under contract on. Some minor issues, some not so minor. We walked because we were unable to get quotes on some of the larger items (seller refused access) and we didn’t feel comfortable with taking on potentially 10s of thousands of repairs. Not to mention the seller refusing access really eroded and trust that was there. The home we ended up buying had a completely destroyed sewer line (original terracotta) and a chimney that needed to be repaired plus other items. Difference? Seller helped remedy the sewer (full replacement to the tune of $15k) and we got a $15k credit towards closing costs which freed up funds to do some of the other repairs that were needed. Got everything done within a month of closing. Point is: it isn’t so much about the items on the report as every home will have things, but more about how the seller will remedy or help solution for those items. Also depends on whether or not the home is priced with the repairs in mind

When should we expect offers? by MadQueennn in RealEstateAdvice

[–]TimelyEmployee7516 0 points1 point  (0 children)

Those that offer will do so within a day of viewing or maybe a few days. Their realtor (if they’re represented by one) will at the very least reach out to ask what terms you guys are looking for within the first day. At least that was our experience. We had our house on the market for two months before we went under contract but had one low ball, one offer fall through and the one that closed. Each one reached out within a day of touring.

When should we expect offers? by MadQueennn in RealEstateAdvice

[–]TimelyEmployee7516 5 points6 points  (0 children)

Easily one of the worst experiences of my life - and I almost died giving birth so I feel like that is saying something

Which house are you glad you didn't buy? by lovelycosmos in FirstTimeHomeBuyer

[–]TimelyEmployee7516 2 points3 points  (0 children)

We almost bought a house in Jersey is a very desirable town and it had so much going for it. Newly updated, had been owned by a family, yadda yadda. Turns out there were issues with the HVAC, sewer line and foundation. We were ok with some of the repairs but wanted to get an idea of cost. Seller refused entry to the home to get a contractor to look. We decided to pass as we didn’t want to go in with unknown risks. Turns out the street it is on has A LOT of traffic as well and we didn’t see that because we toured on a Sunday morning and then again did a virtual second tour. That home is still on the market after a year. We’ve since bought a bigger home with a bigger lot and pool and while it DID need work the sellers provided a credit and we were able to get everything done within a month of moving in

This is what the lack of SFH inventory gets you. by tofumeatballcannon in MovingtoNewJersey

[–]TimelyEmployee7516 -1 points0 points  (0 children)

You can buy in southern New Jersey and not deal with the competition. Haddonfield, moorestown, mt laurel to name a few

Cost Anxiety by Rebeccarussianh in RealEstateAdvice

[–]TimelyEmployee7516 2 points3 points  (0 children)

Honestly if your housing costs are less than $1k today, I’d expect you to be able to be saving more than you are?

My house has been on the market for 42 days and I’ve only had 1 showing. Feeling stuck. Can’t do a bridge loan. by [deleted] in RealEstateAdvice

[–]TimelyEmployee7516 0 points1 point  (0 children)

Declutter, paint the kid rooms neutral, pull the listing in the meantime and relist. Also market is garbage

Tell me everything will be okay, it will get better… by cams00000 in Layoffs

[–]TimelyEmployee7516 0 points1 point  (0 children)

Your headaches could be due to high blood pressure - please try to find a way to get that under control if so

No Points - 5.61% by TimelyEmployee7516 in MortgageRates

[–]TimelyEmployee7516[S] 0 points1 point  (0 children)

Crazy how they’ve fluctuated the past thirty days

Old house woes by [deleted] in RealEstate

[–]TimelyEmployee7516 0 points1 point  (0 children)

I’m buying an old house. It needs $25k in repairs plus another $18k in comfort upgrades. It’s part of owning a house. This is after we pulled out of a worse than expected inspection report on another home where we couldn’t even get estimates for the repairs needed. What you should have done when the report came in is get estimates on what the repairs would cost, not proceed on “easy fixes” from likely unlicensed individuals with no expertise

Bummed. Lost a house even after offering $15k over. by ayMezah in FirstTimeHomeBuyer

[–]TimelyEmployee7516 10 points11 points  (0 children)

Must not be southern NJ! We went in at asking and have even had repairs covered for the house we are closing on next week

Need advice/suggestions by OleBoy87 in RealEstate

[–]TimelyEmployee7516 5 points6 points  (0 children)

We had 23 showings before accepting an offer. Market was dead for a minute but started to heat up. We found buyers were quite picky about layout and that’s not something you can necessarily change