Random Thoughts - Part Deux [NO POLITICS]

[p1l0t]

Originally Posted by humfrz

If you are serious about buying property, I would suggest that your first step would contact a lender and obtain a "pre-approval" letter (not just a pre-qualification letter).

This will establish the price range of properties you will qualify to buy.

Then go into a local (to the area you wish to buy in) real estate agency and ask the managing broker to assign you an agent/broker.

Show the agent/broker your pre approval letter and put forth some parameters for a property you would be interested in.

* timing
* location (area)
* price range
* house size
* number of bedrooms and bathrooms
* style (single story, two story etc)
* lot size

Let the agent do the work for you.

If he/she says there isn't anything on the market that fits your criteria .... then adjust your criteria.

See, how easy that is ......


humfrz

Yeah I always use a buyer agent. It doesn't cost you anything, they get a portion of the commision from the other seller agent (paid by the seller) of the house you finally close on.

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[humfrz]

Originally Posted by Sapphireho

Rules don't apply in a market where a 1200 sqft pos goes for 1.3 million cash as is.

My post was directed to Kiske (in Kansas City MO).

NOT San Jose, CA.

In San Jose, the strategy would be to obtain a pre approval letter, then jump on the Zillow site and find out that there is nothing on the market that you are qualified to buy ...........


humfrz

[Spuds]

Originally Posted by Sapphireho

Rules don't apply in a market where a 1200 sqft pos goes for 1.3 million cash as is.

In PA you can get a decent 2000 sqft place for under 200k... Just sayin'...

[Kiske]

Originally Posted by humfrz

If you are serious about buying property, I would suggest that your first step would contact a lender and obtain a "pre-approval" letter (not just a pre-qualification letter).

This will establish the price range of properties you will qualify to buy.

Then go into a local (to the area you wish to buy in) real estate agency and ask the managing broker to assign you an agent/broker.

Show the agent/broker your pre approval letter and put forth some parameters for a property you would be interested in.

* timing
* location (area)
* price range
* house size
* number of bedrooms and bathrooms
* style (single story, two story etc)
* lot size

Let the agent do the work for you.

If he/she says there isn't anything on the market that fits your criteria .... then adjust your criteria.

See, how easy that is ......


humfrz

Already did. In that order actually. I was pre-approved by 3 out of the 4 places I applied to. I don't have any of the approval letters on hand as they still mail them. All the realtors I've talked with pretty much told me given the current market if I don't have the letter in hand they won't even show me places because how quickly they will sell.

Which is odd as I did everything on my end online or over the phone, with the exception of faxing one document to Chase bank.

The time table is what makes it tricky. Saturday afternoon is when I got with my current land lord. I had a list of homes that evening, and everything else done Today. The whole process being a bit overwhelming right now, a mad rush it's been. I have 26 days to find a place, close/move before I need to be out of the house I'm renting. To add to the rush I have to leave for a mandatory training trip next week for 10 days in South Carolina.

[humfrz]

Originally Posted by Kiske

Already did. In that order actually. I was pre-approved by 3 out of the 4 places I applied to. I don't have any of the approval letters on hand as they still mail them. All the realtors I've talked with pretty much told me given the current market if I don't have the letter in hand they won't even show me places because how quickly they will sell.

Which is odd as I did everything on my end online or over the phone, with the exception of faxing one document to Chase bank.

The time table is what makes it tricky. Saturday afternoon is when I got with my current land lord. I had a list of homes that evening, and everything else done Today. The whole process being a bit overwhelming right now, a mad rush it's been. I have 26 days to find a place, close/move before I need to be out of the house I'm renting. :) To add to the rush I have to leave for a mandatory training trip next week for 10 days in South Carolina.

Well now, as your agent explained, it's important to have that pre approval in writing. Even if you are paying cash ...... it's best to have proof of funds in hand.

To be realistic, it's highly improbable that you can close on a financed house in 26 days. So, I would suggest you negotiate an extension, for at least 30 days (plus the 26 days) with your landlord.


humfrz

[Teseo]

Originally Posted by Spuds

In PA you can get a decent 2000 sqft place for under 200k... Just sayin'...

In PA have mountain roads/twisty/canyon/touge?
Im considering moving to US but i want a state with "car friendly" (no smog or shit of any kind)

[Sapphireho]

Originally Posted by humfrz

Ya, replace that butt ugly table cloth you got there .......


humfrz

Say that to my wife. I dare you. She is a blue belt.

But you are right.

[Ultramaroon]

Originally Posted by Sapphireho

Oh shit, you're right.

Don't listen to him. Haven't you been considering engine mounts? Tonight, doing a little drifting up the fire road to my daughters house, seeing my gearshift slap wildly reminded me that I need to install a pair of the STIs. I quit hooning because I can't bear to abuse the poor little thing.

[Spuds]

Originally Posted by Teseo

In PA have mountain roads/twisty/canyon/touge?
Im considering moving to US but i want a state with "car friendly" (no smog or shit of any kind)

Canyons, no. Mountains, not really. Hills, yes. Fun roads, kind of? Pennsylvania is a big state. There's good places to drive, but you gotta do some searching.

PA has yearly emissions tests and safety inspections but there are a few loopholes one can use to be legally exempt from emissions if you have a DD in addition to anything fun. Also, there's no central system to keep track of when a car is inspected, so noone would know unless you got pulled over by police.

'Car friendly' states are going to be in the South or Midwest. But I can assure you, there are no fun roads in the Midwest. There's a reason US car companies took so long to figure out things like suspension and handling...

[humfrz]

Originally Posted by Sapphireho

Say that to my wife. I dare you. She is a blue belt.

But you are right.

I'm not afraid ...... I have two granddaughters that are yellow belts and a feisty toddler granddaughter that is not afraid to jump right into any fray, to protect me .......


humfrz

[humfrz]

Originally Posted by Teseo

In PA have mountain roads/twisty/canyon/touge?
Im considering moving to US but i want a state with "car friendly" (no smog or shit of any kind)

I suggest West Virginia, where the median house sales price is about $138,000.

Yes, lots of hills and twisty roads.

Smog control ...... they never heard of it ......


humfrz

[humfrz]

Originally Posted by Ultramaroon

Don't listen to him. Haven't you been considering engine mounts? Tonight, doing a little drifting up the fire road to my daughters house, seeing my gearshift slap wildly reminded me that I need to install a pair of the STIs. I quit hooning because I can't bear to abuse the poor little thing.

Well, hell ya, what did you expect ......


humfrz

[Ultramaroon]

Originally Posted by humfrz

Well, hell ya, what did you expect ......


humfrz

I expect it'll be much better once I replace the stock gummi bear mounts.

[humfrz]

Originally Posted by Ultramaroon

I expect it'll be much better once I replace the stock gummi bear mounts.

Bubba suggests that you just bolt the engine straight to the frame ......

Oh, I hope nothing startles the cat while it's sitting on your hood .....


humfrz