Random Thoughts - Part Deux [NO POLITICS]

[soulreapersteve]

Originally Posted by finch1750

Before reading everything else I figured it was how RSL is playing





Wait, you coming to CA on this trip Steve?

Yes sir!

Looks like you are in Stockton. I plan on doing Sacramento chapter's autocross this Saturday the 24th. You should come out! (AM session only)

Was going to make a mad dash to Reno right afterward but if you wanna grab lunch or something, I don't mind.

Edit: Bring out the locals too! I want to meet everyone down there. Or I don't mind skipping autox and just hang somewhere.

http://www.sfrscca-sacramento.org/2017%20Schedule.htm

https://www.google.com/maps/d/viewer...6499999996&z=6

[Tcoat]

Originally Posted by Ashikabi

It's been fun guys. Cya

Sent from my XT1575 using Tapatalk

That didn't last long!

[humfrz]

Originally Posted by Tcoat

There were eyes?

Yes, those two things above the nose ..... on the face ...... above the breasts ....


humfrz

[Tcoat]

Originally Posted by humfrz

Yes, those two things above the nose ..... on the face ...... above the breasts ....


humfrz

Face?

[humfrz]

Originally Posted by ichitaka05

Buying a house/condo/townhouse is so damn confusing

@ichitaka05 ...... it need not be.

First thing is to arrange financing or proof of funds, if paying cash.

For financing, go to a reputable lender and obtain a "pre-approval letter". That will show that you can get financed up to a certain amount.

If your grandfather is going to make a down payment for you, either have him transfer the funds into your account or have him obtain a "proof of funds" statement from his bank and send to you.

If your grandfather is going to pay cash for you to buy the property, he will need to show proof of funds and the capability to wire transfer monies.

Now, your ready to purchase a property. Visit a local name brand real estate office and make an appointment with the managing broker. Ask him/her to recommend a qualified, experienced agent (broker) to represent you.

Sit down with the recommended agent/broker and show him/her your financing capability and explain your timing, preferred location and major requirements (number of bedrooms; bathrooms and size (square feet).

Now, let the agent do the leg work and come up with properties to show you.

After viewing several properties ....... pick one and make an offer.

If it's accepted, deposit earnest money (usually cash).

Arrange to have a home inspection (even if it's new construction).

Arrange for home insurance and arrange to have the utilities transferred.

On the signing date, go to the escrow company, sign the papers and after the title is recorded, obtain the keys ...... move in. Then change the locks.

This is just a sequence of events. Follow the instructions of your local broker.

DO NOT ..... tell the broker that "well, a fellow on the forum says this or that ...... or you will just get big ......and it will piss him/her off....

See, how easy it is ......


humfrz - retired real estate broker (and other things)

[ichitaka05]

Originally Posted by humfrz

@ichitaka05 ...... it need not be.

First thing is to arrange financing or proof of funds, if paying cash.

For financing, go to a reputable lender and obtain a "pre-approval letter". That will show that you can get financed up to a certain amount.

If your grandfather is going to make a down payment for you, either have him transfer the funds into your account or have him obtain a "proof of funds" statement from his bank and send to you.

If your grandfather is going to pay cash for you to buy the property, he will need to show proof of funds and the capability to wire transfer monies.

Now, your ready to purchase a property. Visit a local name brand real estate office and make an appointment with the managing broker. Ask him/her to recommend a qualified, experienced agent (broker) to represent you.

Sit down with the recommended agent/broker and show him/her your financing capability and explain your timing, preferred location and major requirements (number of bedrooms; bathrooms and size (square feet).

Now, let the agent do the leg work and come up with properties to show you.

After viewing several properties ....... pick one and make an offer.

If it's accepted, deposit earnest money (usually cash).

Arrange to have a home inspection (even if it's new construction).

Arrange for home insurance and arrange to have the utilities transferred.

On the signing date, go to the escrow company, sign the papers and after the title is recorded, obtain the keys ...... move in. Then change the locks.

This is just a sequence of events. Follow the instructions of your local broker.

DO NOT ..... tell the broker that "well, a fellow on the forum says this or that ...... or you will just get big ......and it will piss them off....

See, how easy it is ......


humfrz - retired real estate broker (and other things)

Still confusing to me... lol

[humfrz]

Originally Posted by Tcoat

Face?

...... snap out of it ......it's only Tuesday.





humfrz

[Tcoat]

Originally Posted by ichitaka05

Still confusing to me... lol

Get proof you have/can get money
Find guy/gal to do all the hard work
Ride around with guy/gal until you say "this one"
Guy/gal will finish work
Sign papers
Pay money
Move


Other than actually looking at places I doubt we invested a total of an hour in buying our last house. The total cost of having the broker do the work was under 1% of the cost of the house.

[ichitaka05]

Originally Posted by Tcoat

Get proof you have/can get money
Find guy/gal to do all the hard work
Ride around with guy/gal until you say "this one"
Guy/gal will finish work
Sign papers
Pay money
Move


Other than actually looking at places I doubt we invested a total of an hour in buying our last house. The total cost of having the broker do the work was under 1% of the cost of the house.

That makes more sense...

Thing is, I think it cost more than 1%... still minor... but still...

[Tcoat]

Originally Posted by humfrz

...... snap out of it ......it's only Tuesday.





humfrz

Is that her name?
Looks far better than Wednesday

[Tcoat]

Originally Posted by ichitaka05

That makes more sense...

Thing is, I think it cost more than 1%... still minor... but still...

The broker only cost us $1K on a $144K house. Now of course there was the lawyer, and inspector and god only know who else that had their finger in the pie but we didn't even have to deal with them since the broker did all that. We literally signed some papers and handed him a cheque.

[humfrz]

Originally Posted by ichitaka05

Still confusing to me... lol

OK, let me recommend plan B.

I suggest you go to this web site.

https://www.coldwellbankerhomes.com/...-city/offices/

Select an office near to where you wish to buy. Call and ask the managing broker to recommend an agent. Contact the agent and tell him/her you are interested in purchasing a property.

If it's a good agent/broker he/she will lead you through the process.

See ...... even easier, one phone call.





humfrz

[finch1750]

Originally Posted by soulreapersteve

Yes sir!

Looks like you are in Stockton. I plan on doing Sacramento chapter's autocross this Saturday the 24th. You should come out! (AM session only)

Was going to make a mad dash to Reno right afterward but if you wanna grab lunch or something, I don't mind.

Edit: Bring out the locals too! I want to meet everyone down there. Or I don't mind skipping autox and just hang somewhere.

http://www.sfrscca-sacramento.org/2017%20Schedule.htm

https://www.google.com/maps/d/viewer...6499999996&z=6

At the moment my Dr wont allow me to wear shoes due to an burn that got infected so no autox for me atm. But I'll PM you

[humfrz]

Originally Posted by ichitaka05

That makes more sense...

Thing is, I think it cost more than 1%... still minor... but still...

You might want to check into that.

I've purchased three houses in CA, one in CT, one in MO and one in WA and never paid the buyers agent (your real estate agent/broker) anything. I've brokered hundreds (maybe a thousand) properties in the state of WA and the buyer never paid for real estate services. The seller paid.

Having said that, there are other fees (called closing costs) that the buyer is obligated to pay. Some of the buyers closing costs can be paid by the seller.

Always check with your real estate broker, lender, escrow and title company for fees (if any) that apply to your local market.


humfrz