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I Just Bought a House!

  1. Mar 13, 2006 #1

    russ_watters

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    Well, sorta - it's a townhouse, and I didn't just buy it, but I did sign an agreement of sale. We'll close it next month. Its a 3 bedroom, 2.5 bath, garage, walkout basement, deck. (the one on the right)
     

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  3. Mar 13, 2006 #2
    Way to go! It looks nice. I hope you really enjoy liveing there, and have great neighbors!
     
  4. Mar 13, 2006 #3

    Monique

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    Nice home! I was just looking yesterday how much I could loan to buy a house, I think I'll start looking for one soon.
     
  5. Mar 13, 2006 #4

    Ivan Seeking

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    Congratulations Russ!!!

    Just remember: You don't own it, rather, it owns you. :biggrin:
     
  6. Mar 13, 2006 #5
    Congrats Russ!
     
  7. Mar 13, 2006 #6

    Lisa!

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    Congrats russ!
     
  8. Mar 13, 2006 #7

    Astronuc

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    Congratulations Russ! :approve: :cool:

    Hopefully the plumbing and electrical are decent, and the roof is tight.

    Now you own a mortgage, or does the mortgage own you. I forget. :rofl:

    What's the backyard like?
     
  9. Mar 13, 2006 #8
    2.5 bath?What happend to the other .5?
     
  10. Mar 13, 2006 #9
    Looks like a great place: fairly new, pleasant design, bit of woods in the back. I bet you'll like it there.
     
  11. Mar 13, 2006 #10

    Chi Meson

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    The best part is itemizing deductions! WOO-HOO, Schedule A!
     
  12. Mar 13, 2006 #11

    ZapperZ

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    Look at the size of that place. Think of all the wall space and shelf space you have to display all the Disney stuff!

    Zz.
     
  13. Mar 13, 2006 #12

    FredGarvin

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    You've just entered the exciting part of the purchase...the time for the home inspection and the resultant seller getting PO'd and then their next purchase falls through and then you're put off by three months and then the city realizes that certain permits weren't pulled and then....er.....never mind.

    Congrats! Welcome to the wonderful world of home ownership! I'm guessing 1200 sq ft?
     
  14. Mar 13, 2006 #13

    Evo

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    Very nice!!! Let me know when I can move in. o:)
     
  15. Mar 13, 2006 #14

    russ_watters

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    Actually, no - the house is only 2 years old, so I'm forgoing the inspection and the seller is moving in with his fiance, so as long as they don't break up in the next 6 weeks, I'm golden.
    Just under 1,600 including the garage.
     
  16. Mar 13, 2006 #15

    russ_watters

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    How many daughters do you have, again...? :biggrin: (and how old...?)
     
  17. Mar 13, 2006 #16

    Lisa!

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    Now all women(another nice thing about being a woman) around here are going to PM russ and ask him out! :tongue:
     
  18. Mar 13, 2006 #17
    I herd you can buy the disney castle for under $10,000,000 dollars or you can buy the epcot giant golf ball for $100,000,000 but if that's too enxpensive I herd you can by the world is a small place ride for $1,000,000.But try not by the tower of terror it may be cheap but your health insurence goes way up.
     
  19. Mar 13, 2006 #18

    FredGarvin

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    I would advise against skipping the home inspection, but that is just my opinion.

    You guys get to count the garage in the sq. footage? The only places you are allowed to count sq footage here is if it is living space. Quite the bachelor pad.
     
  20. Mar 13, 2006 #19

    Evo

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    Two ages 18 & 21.
     
  21. Mar 13, 2006 #20

    Evo

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    In places I've lived the garage is included in the square footage if it is attached, the square footage is not included if the garage is not attached.
     
  22. Mar 13, 2006 #21

    Bystander

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    Second: Under NO circumstance do you ever skip the inspection --- particularly on new or near new construction.
     
  23. Mar 13, 2006 #22
    And you may want to talk to Moonbear about the Icy Hill, she may have some tips to share.
     
  24. Mar 13, 2006 #23

    russ_watters

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    Eh - as long as it is understood, it doesn't matter to me either way. But at about 10x20, 1560-200=1360 sq ft of living space.
    Thanks, but since it is only 2 years old and had to be inspected before the current owner moved-in and everything on it would have to be in the disclosure statement anyway, I consider that to be redundant - and my agent (buyer's agent) agrees. I'll ask again, though...
     
  25. Mar 13, 2006 #24

    Moonbear

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    I'd still recommend it. I've known of some shady builders who manage to get C of Os by having their buddies do the inspections. The inspection doesn't really cost much, and it gives you the peace of mind that you're not going to find any surprises. They often find a lot of minor things too that don't need to be fixed, but are more suggestions or reminders of things you need to make sure get maintained properly.

    And, sorry Hypatia, no tips on icy hills other than get a 4WD. :biggrin: That hill doesn't look too bad though...as long as it's straight and not curvy, no problem...my problem is all the hills are S-curves too, so you can either go fast enough to get up the hill, or slow enough to stay on the road, but not both. :frown:

    The house looks very nice, and it looks like a really nice view out the back too! I see a lot of nice trees in the distance.

    Congrats Russ! Mmm...yeah, I think I agree with the other women here...home ownership indicates the sort of stability that makes a guy very attractive. :!!) :biggrin:
     
  26. Mar 13, 2006 #25

    Bystander

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    The only thing inspected on the initial sale (builder to current owner) was the number of containers in the Iron City six-pack.

    Disclosure statements don't protect you from anything --- "I never noticed any moldy smell from the bathroom." You have to prove in court that the seller had prior knowledge of any defects you run into, or that run you out of the house.

    Two years old? It's almost guaranteed to have been built to "Industry Standards.*"

    *Industry Standards: if it don't show, don't bother spending the money to put it in (diagonal bracing, shear wall stud spacing in shear walls, wind ties, ....); electrical, mechanical, plumbing components shall be the cheapest end of inventory available from suppliers; and on and on and on.

    Russ it's "caveat emptor" for big money --- you've got a rental agreement --- take the time to look things over closely, and have a "professional" (Hah! Most "inspectors" are former builders or building subcontractors --- not the sharpest knives in the drawer) look things over for you. Count "For Sale" signs in the development, HVAC, plumbing, electrical service trucks.

    I'm not trying to be a wet blanket --- it can be the ugliest learning experience you'll ever have --- much worse than a year in "The Nam." Keep your eyes wide open, and assume the worst of your fellow man --- that's not going to be enough to actually prepare you for entering the real estate market, but it should cut the "shock" a little for you. Once you sign, you are well and truly screwed, and you will then find the true utility of consumer protection agencies, laws, building inspectors, BBBs, courts, home buyers' warranties, binding arbitration, and all the other mobbed up rip-off artists in this world.

    It's exciting. The idea is fun. You are really looking forward to it. You really want to do this. And "they" know it --- please be careful.
     
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