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The Home Ownership Thread

Discussion in 'Fine Living, Home, Design & Auto' started by Douglas, Jan 31, 2012.

  1. UnFacconable

    UnFacconable Senior member

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    Jan 22, 2007
    

    It was an all cash offer with a supporting letter from a financial advisor. Turns out the buyer and his advisors were overly optimistic.
     
  2. RedLantern

    RedLantern Senior member

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    Apr 6, 2008
    Location:
    The Brooklyn of Seattle
    

    Interesting. I'm entirely ignorant of how cash offers really work - what does one typically look like? Do they generally attach redacted bank statements or what? Is yours a situation where the advisor was telling them they could liquidate their holdings and pay all cash and there was an unexpected decline in the price of their holdings?
     
  3. jbarwick

    jbarwick Senior member

    Messages:
    2,978
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    Nov 28, 2012
    Our cash buyer had the money held in escrow for confirmation before we signed any paperwork. I'd assume it would have to be completely liquid before a bank would move forward.
     
  4. UnFacconable

    UnFacconable Senior member

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    Jan 22, 2007
    All reasonable questions. The offer had no conditions and stated all cash (the form in CA has you indicate your sources for payment of the purchase price - eg contingent financing, non-contingent financing, cash). We had a very good letter from a reputable institution and had no reason to believe there was anything funny going on. We did not do any asset verification but the letter was so strong we didn't think it was necessary. I didn't think anyone would make an all-cash, no conditions offer when they don't have the available liquidity.

    Because there were no conditions I didn't expect to be taking on any risk so we accepted the offer. My real estate broker is very very experienced and told me that he has never seen a deal like this not close so I wasn't too concerned at the time.
     
    Last edited: Oct 1, 2015
  5. suited

    suited Senior member

    Messages:
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    Aug 18, 2008
    

    My wife and I rented a solar powered cabin earlier in the summer. It also had a composting toilet. I imagine this place was far more rustic than what you've just bought, but we still enjoyed the experience. The system was only 12-volt, which would be a nightmare long term, but for a few days it wasn't bad.
     
  6. lefty

    lefty Senior member

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    Oct 27, 2006
    This place is pretty rustic. Built and owned by an artist who painted all day, then (based on the tiny 12V system he put in) read Zane Grey novels by a single bulb at night. Meeting a few solar guys to get a quote on upping the system. If hardwiring from the road is comparable in cost I'll opt for the unlimited power as I want a bigger fridge that I can leave on during the week and the juice for power tools. Can't be that expensive if I do the trench/conduit work. I hope.

    It does have an on-demand propane water heater, but I need to rebuild the spring house and then install a UV filter for potable water. Or just use the spring for showers and carry in drinking water. My buddy put a well into his nearby place at a cost of 12K and I'd rather use that for the new kitchen and bath I want to put in.

    lefty
     
  7. joelscott7

    joelscott7 Senior member

    Messages:
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    Nov 7, 2012
    Does anyone know of a site where you can upload a picture of the exterior of your house to create a new design for the exterior? The only ones that I have found have been focused on siding or exterior colours and I am looking for something that includes landscaping such as stone work and creating a new porch.
     
  8. msg

    msg Senior member

    Messages:
    2,091
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    Apr 4, 2010
    Suggestions for resources to learn more about lighting? LED vs incandescent? How to decide which temp is right for which conditions? Soft vs white?
     
  9. Numbernine

    Numbernine Senior member

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    Location:
    Where the palm tree meets the pine
    
    Google
     
  10. brokencycle

    brokencycle Senior member

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    Nov 21, 2008
    Location:
    The Old North State
    Anyone have suggestions on a good LED under cabinet lighting solution? I'm going to hardwire, and run the wires through the walls. It seems prices vary wildly, and online, I can't really see the difference.
     
  11. Piobaire

    Piobaire Senior member

    Messages:
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    Dec 5, 2006
    Location:
    In My Douchemobile
    Pay attention to the colour spectrum is my advice. Not sure if it's meaningful advice or not!

    Fireplace project is done. It rocks. Maybe pics at some point, maybe not.
     
    1 person likes this.
  12. Joffrey

    Joffrey Senior member

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    Pennsylvania Ave/Connecticut Ave
    Cute, Piob, I'm sure you're fishing for someone to implore you to post the finished product.
     
    2 people like this.
  13. Piobaire

    Piobaire Senior member

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    Location:
    In My Douchemobile
    

    Nope, as that request was already made. I'm just deciding if I want SH to browbeat me or not.
     
    1 person likes this.
  14. JohnGalt

    JohnGalt Senior member

    Messages:
    4,880
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    Feb 27, 2009
    Location:
    Ouray, CO
    

    So I had Scout installed for about a month...and just packed it up to send it back to Amazon.

    Pros:
    1) Easy to install - installation is guided via smartphone and helps ensure that all components connect.
    2) It works, in the sense that all of the components talk to each other as they are supposed to
    3) Battery and cell backup on base station

    Cons:
    1) Generally looks better than many other systems, but the window/door sensors are large because of the batteries
    2) Lack of instructions - the unit that would go by your main entry door to arm/disarm gives feedback via color, with no explanation of what the colors mean.
    3) Motion sensors pick up pets
    4) Notifications are inconsistent and slow. I only occasionally received push notifications, often receiving the email notice first.
    5) The sirens are a joke. One can easily sleep through them unless you installed another unit in the bedroom.
    6) No option to use smartphone as a siren. The whole thing is controlled via smartphone, how difficult would it be to use it as a siren?
    7) Connection to servers sometimes goes down due to server-side or cloud issues.
    8) No option to add cameras.
     
  15. lefty

    lefty Senior member

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    Oct 27, 2006
    Damn, solar is expensive.

    lefty
     
    1 person likes this.
  16. Marc Voorhees

    Marc Voorhees Senior member

    Messages:
    560
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    Sep 16, 2012
    yes, but in 17 years, it will all break even..........
     
    2 people like this.
  17. lefty

    lefty Senior member

    Messages:
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    Oct 27, 2006
    And I'll feel good about myself for those 17 years. Laying in line to get on the grid is even more based on how far away I am from a pole.

    May be time to resurrect the Turnspit Dog.

    lefty
     
    2 people like this.
  18. Piobaire

    Piobaire Senior member

    Messages:
    50,217
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    Dec 5, 2006
    Location:
    In My Douchemobile
    Lefty, what about the Tesla house battery with solar charging?
     
    1 person likes this.
  19. texas_jack

    texas_jack Senior member

    Messages:
    10,231
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    Aug 4, 2006
    Location:
    Hobart, IN
    The squirrels chewed through the wall of my shed this summer to make a home. I poisoned them and decided to nail up some wood to cover the hole yesterday. Turns out the stack of old wood I stood on had a wasp nest. I got stung about 8 times pretty much everywhere but my face. And my neighbor probably got to see me take my clothes off in the back yard. Awesome times.
     
    2 people like this.
  20. Joffrey

    Joffrey Senior member

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    Jun 18, 2006
    Location:
    Pennsylvania Ave/Connecticut Ave
    That's what you get for poisoning squirrels.
     

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