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scaredyclassic.
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September 8, 2010 at 9:03 PM #603450September 8, 2010 at 10:20 PM #602444
CA renter
Participant[quote=UCGal]I don’t have warm fuzzies about being locked into some broker who may or may not give you a good deal.
Why not drop the seller-pays-closing bit and lower your price accordingly. If the negotiated closing costs were $12k, show you’re acting in good faith and counter with $10k under your previous bid, but you’re responsible for closing costs. True you’ll have to pony up some cash at closing – but not that much… I have coworkers refinancing for no-cost, no points… brokers are even covering appraisals these days. It’s a buyers market out there for mortgages… brokers are jumping through hoops for the business from what I’m observing with my coworkers.
Other buyers costs include inspections. Obviously YOU want to pick your inspector… no relatives of the sellers.
If I recall correctly from past posts – you have a decent cash position – but don’t want to sink it all in a house. But it would be foolish to finance into a more expensive loan because you were too afraid to pay closing costs.
BTW – welcome back![/quote]
Second what UCGal said. Lower the price (do you really want to pay taxes on the higher price for the rest of your lives?), and find your own financing. Try HLS and aimloan.com to see what you can do.
Best of luck, and let us know how the deal goes when/if you close.
Good to see you back, scaredy! π
September 8, 2010 at 10:20 PM #602533CA renter
Participant[quote=UCGal]I don’t have warm fuzzies about being locked into some broker who may or may not give you a good deal.
Why not drop the seller-pays-closing bit and lower your price accordingly. If the negotiated closing costs were $12k, show you’re acting in good faith and counter with $10k under your previous bid, but you’re responsible for closing costs. True you’ll have to pony up some cash at closing – but not that much… I have coworkers refinancing for no-cost, no points… brokers are even covering appraisals these days. It’s a buyers market out there for mortgages… brokers are jumping through hoops for the business from what I’m observing with my coworkers.
Other buyers costs include inspections. Obviously YOU want to pick your inspector… no relatives of the sellers.
If I recall correctly from past posts – you have a decent cash position – but don’t want to sink it all in a house. But it would be foolish to finance into a more expensive loan because you were too afraid to pay closing costs.
BTW – welcome back![/quote]
Second what UCGal said. Lower the price (do you really want to pay taxes on the higher price for the rest of your lives?), and find your own financing. Try HLS and aimloan.com to see what you can do.
Best of luck, and let us know how the deal goes when/if you close.
Good to see you back, scaredy! π
September 8, 2010 at 10:20 PM #603081CA renter
Participant[quote=UCGal]I don’t have warm fuzzies about being locked into some broker who may or may not give you a good deal.
Why not drop the seller-pays-closing bit and lower your price accordingly. If the negotiated closing costs were $12k, show you’re acting in good faith and counter with $10k under your previous bid, but you’re responsible for closing costs. True you’ll have to pony up some cash at closing – but not that much… I have coworkers refinancing for no-cost, no points… brokers are even covering appraisals these days. It’s a buyers market out there for mortgages… brokers are jumping through hoops for the business from what I’m observing with my coworkers.
Other buyers costs include inspections. Obviously YOU want to pick your inspector… no relatives of the sellers.
If I recall correctly from past posts – you have a decent cash position – but don’t want to sink it all in a house. But it would be foolish to finance into a more expensive loan because you were too afraid to pay closing costs.
BTW – welcome back![/quote]
Second what UCGal said. Lower the price (do you really want to pay taxes on the higher price for the rest of your lives?), and find your own financing. Try HLS and aimloan.com to see what you can do.
Best of luck, and let us know how the deal goes when/if you close.
Good to see you back, scaredy! π
September 8, 2010 at 10:20 PM #603187CA renter
Participant[quote=UCGal]I don’t have warm fuzzies about being locked into some broker who may or may not give you a good deal.
Why not drop the seller-pays-closing bit and lower your price accordingly. If the negotiated closing costs were $12k, show you’re acting in good faith and counter with $10k under your previous bid, but you’re responsible for closing costs. True you’ll have to pony up some cash at closing – but not that much… I have coworkers refinancing for no-cost, no points… brokers are even covering appraisals these days. It’s a buyers market out there for mortgages… brokers are jumping through hoops for the business from what I’m observing with my coworkers.
Other buyers costs include inspections. Obviously YOU want to pick your inspector… no relatives of the sellers.
If I recall correctly from past posts – you have a decent cash position – but don’t want to sink it all in a house. But it would be foolish to finance into a more expensive loan because you were too afraid to pay closing costs.
BTW – welcome back![/quote]
Second what UCGal said. Lower the price (do you really want to pay taxes on the higher price for the rest of your lives?), and find your own financing. Try HLS and aimloan.com to see what you can do.
Best of luck, and let us know how the deal goes when/if you close.
Good to see you back, scaredy! π
September 8, 2010 at 10:20 PM #603505CA renter
Participant[quote=UCGal]I don’t have warm fuzzies about being locked into some broker who may or may not give you a good deal.
Why not drop the seller-pays-closing bit and lower your price accordingly. If the negotiated closing costs were $12k, show you’re acting in good faith and counter with $10k under your previous bid, but you’re responsible for closing costs. True you’ll have to pony up some cash at closing – but not that much… I have coworkers refinancing for no-cost, no points… brokers are even covering appraisals these days. It’s a buyers market out there for mortgages… brokers are jumping through hoops for the business from what I’m observing with my coworkers.
Other buyers costs include inspections. Obviously YOU want to pick your inspector… no relatives of the sellers.
If I recall correctly from past posts – you have a decent cash position – but don’t want to sink it all in a house. But it would be foolish to finance into a more expensive loan because you were too afraid to pay closing costs.
BTW – welcome back![/quote]
Second what UCGal said. Lower the price (do you really want to pay taxes on the higher price for the rest of your lives?), and find your own financing. Try HLS and aimloan.com to see what you can do.
Best of luck, and let us know how the deal goes when/if you close.
Good to see you back, scaredy! π
September 9, 2010 at 5:34 PM #603019scaredyclassic
Participantthe plan was to have my wife handle all negotiations so we didn’t start getting all fussy about a few thousand here, a few thousand there. That’s why i signed off. I thought it was all on her and i would just st back and (not) enjoy the ride.
Then she punted to me.
It’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime. I believe this house will never again in my lifetime be worth what i paid for it. i acknowledge I’m probably wrong, that probably sometime in my 60’s out about 2027 or so I’ll break even, not including sales costs but that’s how I feel.
It’s my unbridled pessimism that is making this all so painful.
I really need a little shot glass of kool-aid at least to just get the transaction going.
And i think i need to get drunk to sign papers.
September 9, 2010 at 5:34 PM #603108scaredyclassic
Participantthe plan was to have my wife handle all negotiations so we didn’t start getting all fussy about a few thousand here, a few thousand there. That’s why i signed off. I thought it was all on her and i would just st back and (not) enjoy the ride.
Then she punted to me.
It’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime. I believe this house will never again in my lifetime be worth what i paid for it. i acknowledge I’m probably wrong, that probably sometime in my 60’s out about 2027 or so I’ll break even, not including sales costs but that’s how I feel.
It’s my unbridled pessimism that is making this all so painful.
I really need a little shot glass of kool-aid at least to just get the transaction going.
And i think i need to get drunk to sign papers.
September 9, 2010 at 5:34 PM #603656scaredyclassic
Participantthe plan was to have my wife handle all negotiations so we didn’t start getting all fussy about a few thousand here, a few thousand there. That’s why i signed off. I thought it was all on her and i would just st back and (not) enjoy the ride.
Then she punted to me.
It’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime. I believe this house will never again in my lifetime be worth what i paid for it. i acknowledge I’m probably wrong, that probably sometime in my 60’s out about 2027 or so I’ll break even, not including sales costs but that’s how I feel.
It’s my unbridled pessimism that is making this all so painful.
I really need a little shot glass of kool-aid at least to just get the transaction going.
And i think i need to get drunk to sign papers.
September 9, 2010 at 5:34 PM #603763scaredyclassic
Participantthe plan was to have my wife handle all negotiations so we didn’t start getting all fussy about a few thousand here, a few thousand there. That’s why i signed off. I thought it was all on her and i would just st back and (not) enjoy the ride.
Then she punted to me.
It’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime. I believe this house will never again in my lifetime be worth what i paid for it. i acknowledge I’m probably wrong, that probably sometime in my 60’s out about 2027 or so I’ll break even, not including sales costs but that’s how I feel.
It’s my unbridled pessimism that is making this all so painful.
I really need a little shot glass of kool-aid at least to just get the transaction going.
And i think i need to get drunk to sign papers.
September 9, 2010 at 5:34 PM #604080scaredyclassic
Participantthe plan was to have my wife handle all negotiations so we didn’t start getting all fussy about a few thousand here, a few thousand there. That’s why i signed off. I thought it was all on her and i would just st back and (not) enjoy the ride.
Then she punted to me.
It’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime. I believe this house will never again in my lifetime be worth what i paid for it. i acknowledge I’m probably wrong, that probably sometime in my 60’s out about 2027 or so I’ll break even, not including sales costs but that’s how I feel.
It’s my unbridled pessimism that is making this all so painful.
I really need a little shot glass of kool-aid at least to just get the transaction going.
And i think i need to get drunk to sign papers.
September 9, 2010 at 5:53 PM #603044CA renter
ParticipantIt’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime.
———–This is what’s keeping us on the sideline as well.
September 9, 2010 at 5:53 PM #603133CA renter
ParticipantIt’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime.
———–This is what’s keeping us on the sideline as well.
September 9, 2010 at 5:53 PM #603681CA renter
ParticipantIt’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime.
———–This is what’s keeping us on the sideline as well.
September 9, 2010 at 5:53 PM #603788CA renter
ParticipantIt’s so much easier to concede a few grand if I really thought there was any chance i would ever see that down payment money in the form of equity again. but i truly think it will all be flushed away down into the giant cesspool where downpayments go, and it will fester down in the bowels of the system, for the remainder of my lifetime.
———–This is what’s keeping us on the sideline as well.
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