The Home Ownership Thread

[Omega Male]

Still a sellers’ market, but slowly moderating.

 

[Piobaire]

You should sell the Omega Mansion now and then rent for a year in Hotlanta to capture that market downturn.

 

[double00]

ugh my 3 year old cherry tree is dying , i think the graft may have been diseased , or maybe the super wet and chilly spring has just stressed it too much . i had a pretty good scaffold going too , oh well .

 

[losrockets]

Venting: After 2 years of looking my wife and I made big compromises and found a home inside the 610 Loop (Houston). We put down an offer and during the option period ordered a stucco and mold inspection. Former found much of the substrate was damaged and rotted out, latter found off the chart levels of 3 types of mold indoors (so much so that even our mold inspector said this is an infrequent occurrence). No surprise the seller tried to block us from getting a stucco inspection at all. We shared these results w the sellers, and tried to extend the option period to gather quotes on remediation but they are refusing to extend the option period and will not renegotiate the price even though we anticipate 60 to 100k of repairs to make the home safe and healthy. Option period expires Tuesday. Sellers will be obligated to disclose these inspection results with any future buyers, so they're screwed. The listing agent is a friend of the seller (also a realtor) neither has any sold homes under their belt. When we went back to see the home during the second open house, it was empty bc the listing agent didn't even post the open house on any websites. ******* hell, they are doing us a favor at this point because every step with their party has been a battle, but their utter ineptitude is shooting themselves in the foot and sending us back to the drawing board yet again as rates continue to rise.

 

[PhilKenSebben]

Venting: After 2 years of looking my wife and I made big compromises and found a home inside the 610 Loop (Houston). We put down an offer and during the option period ordered a stucco and mold inspection. Former found much of the substrate was damaged and rotted out, latter found off the chart levels of 3 types of mold indoors (so much so that even our mold inspector said this is an infrequent occurrence). No surprise the seller tried to block us from getting a stucco inspection at all. We shared these results w the sellers, and tried to extend the option period to gather quotes on remediation but they are refusing to extend the option period and will not renegotiate the price even though we anticipate 60 to 100k of repairs to make the home safe and healthy. Option period expires Tuesday. Sellers will be obligated to disclose these inspection results with any future buyers, so they're screwed. The listing agent is a friend of the seller (also a realtor) neither has any sold homes under their belt. When we went back to see the home during the second open house, it was empty bc the listing agent didn't even post the open house on any websites. ******* hell, they are doing us a favor at this point because every step with their party has been a battle, but their utter ineptitude is shooting themselves in the foot and sending us back to the drawing board yet again as rates continue to rise.

I mean, while frustrating, this is an insanely good thing.

6 months from now when this owner/realtor combo figure out "oh **** no one is buying and we have to drop the price" you can swoop in and get a sweetheart deal.

Honestly this sounds like the buying Process we went through. ******* morons.

 

[SixOhNine]

That sucks, especially the mold remediation and stucco repair. How does the stucco part work by the way? Do you strip the underlay off and redo it from the studs out?

 

[losrockets]

That sucks, especially the mold remediation and stucco repair. How does the stucco part work by the way? Do you strip the underlay off and redo it from the studs out?

The quote we recieved today had a detailed description of the work and my uninformed answer to your question is yes, essentially. 71k for the entire facade btw, maybe 10k less if we didnt need to replace a pair of structural beams, but we withdrew the offer. Sounds like the sellers are going to take the listing off the market and live in the house instead. Enjoy, I guess.

 

[PhilKenSebben]

The quote we recieved today had a detailed description of the work and my uninformed answer to your question is yes, essentially. 71k for the entire facade btw, maybe 10k less if we didnt need to replace a pair of structural beams, but we withdrew the offer. Sounds like the sellers are going to take the listing off the market and live in the house instead. Enjoy, I guess.

It should be illegal for certain people to own homes.

 

[Numbernine]

How do you not have mold in Houston? Hell in Baton Rouge laundry would mildew hanging on the clothes line on a warm sunny day.

 

[ValidusLA]

So somehow a tiny sliver of land kitty corner w/ my lots back corner is for sale.
Its what I had assumed was county land as part of a wilderness area, but apparently its city land. Has street frontage, but no curb cut. The address listed on the sale is "0" which is weird as heck.
The land is on a like 15 degree slope, is weirdly shaped, has no hook ups, and the entire parcel is smaller than my house.

I do not understand how someone can build here w/o violating setback restrictions, and even if they did the cost to build psf would be astronomical.

The lot is on sale for 60k. If this is actually buildable, do I spend 60k to literally nimby it up? Maybe, but I don't want to.

 

[PhilKenSebben]

So somehow a tiny sliver of land kitty corner w/ my lots back corner is for sale.
Its what I had assumed was county land as part of a wilderness area, but apparently its city land. Has street frontage, but no curb cut. The address listed on the sale is "0" which is weird as heck.
The land is on a like 15 degree slope, is weirdly shaped, has no hook ups, and the entire parcel is smaller than my house.

I do not understand how someone can build here w/o violating setback restrictions, and even if they did the cost to build psf would be astronomical.

The lot is on sale for 60k. If this is actually buildable, do I spend 60k to literally nimby it up? Maybe, but I don't want to.

Yes. Buying property to prevent others from building is alpha as phuck.

 

[double00]

So somehow a tiny sliver of land kitty corner w/ my lots back corner is for sale.
Its what I had assumed was county land as part of a wilderness area, but apparently its city land. Has street frontage, but no curb cut. The address listed on the sale is "0" which is weird as heck.
The land is on a like 15 degree slope, is weirdly shaped, has no hook ups, and the entire parcel is smaller than my house.

I do not understand how someone can build here w/o violating setback restrictions, and even if they did the cost to build psf would be astronomical.

The lot is on sale for 60k. If this is actually buildable, do I spend 60k to literally nimby it up? Maybe, but I don't want to.

back when , one of my projects was a defunct rail line that went through a neighborhood so the county grabbed it to develop as a pedestrian trail . it was straight but not even it stepped down as you went along , i guess the neighbors had somehow been buying it up and in fact there were a couple who'd built fences way out into the project ... who knows ?

 

[HRoi]

I’d love that opportunity with my property, would love to build a freestanding garage/man cave/doomsday prep building

 

[ValidusLA]

I’d love that opportunity with my property, would love to build a freestanding garage/man cave/doomsday prep building

Yes, kinda my plan. The parcel is literally 2850 sq ft total, and its all length.

Only issue for me developing it would be that technically it only touches my lot corner to corner, so I'd need an easement from my uphill neighbor, or I'd have to illegally walk out on the wash (owned by county flood control - I do this anyway, but seems like a bad plan for construction access).

 

[Numbernine]

I’d love that opportunity with my property, would love to build a freestanding garage/man cave/doomsday prep building

If you live in Florida you better hope it floats