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April 14, 2011 at 2:28 PM #688099April 14, 2011 at 2:33 PM #686945
Scarlett
Participant[quote=bearishgurl][quote=UCguy] . . . But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced? . . . [/quote]
UCGuy, DO NOT even make an offer on a property that has this problem. ASK the LA first if their listing had or currently has PBT plumbing.
If you are working with a competent agent who is intimately familiar with the area(s) you are seeking to buy in, you can tell them you are not interested in a property built with PBT plumbing and they should KNOW COLD which tracts are subject to this issue. If a seller can PROVE their property was ENTIRELY re-plumbed, you want to see the invoices for work performed BEFORE making an offer and also have a thorough plumbing inspection done if your offer is accepted.
Many replumb jobs are NOT entire replumbs. Some are just fixes at where there was a previous burst or leak, that drywall only and all the “visible” plumbing to the naked eye.[/quote]
Excellent advice, BG, I haven’t thought about that – asking the realtor to find out. Isn’t though a bit of a hassle to ask for seller’s proof he did the whole plumbing BEFORe putting an offer? I mean, he may not want to go to the trouble of providing them and accept the offer of a less-inquiring buyer. I don’t wan’t to turn them off off the bat. Don’t get me wrong, I’d make the offer contingent on the inspection finding out if the replumbing has be done fully – and based on the ORAL confirmation that it has been done. What if the house exchanged hands more than once after the replumbing was supposed to be redone (I am thinking about PQ – where people received a credit to re-do their plumbing entirely, but not all spent that money on the intended stuff) – they may not have the proofs.
April 14, 2011 at 2:33 PM #687001Participant[quote=bearishgurl][quote=UCguy] . . . But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced? . . . [/quote]
UCGuy, DO NOT even make an offer on a property that has this problem. ASK the LA first if their listing had or currently has PBT plumbing.
If you are working with a competent agent who is intimately familiar with the area(s) you are seeking to buy in, you can tell them you are not interested in a property built with PBT plumbing and they should KNOW COLD which tracts are subject to this issue. If a seller can PROVE their property was ENTIRELY re-plumbed, you want to see the invoices for work performed BEFORE making an offer and also have a thorough plumbing inspection done if your offer is accepted.
Many replumb jobs are NOT entire replumbs. Some are just fixes at where there was a previous burst or leak, that drywall only and all the “visible” plumbing to the naked eye.[/quote]
Excellent advice, BG, I haven’t thought about that – asking the realtor to find out. Isn’t though a bit of a hassle to ask for seller’s proof he did the whole plumbing BEFORe putting an offer? I mean, he may not want to go to the trouble of providing them and accept the offer of a less-inquiring buyer. I don’t wan’t to turn them off off the bat. Don’t get me wrong, I’d make the offer contingent on the inspection finding out if the replumbing has be done fully – and based on the ORAL confirmation that it has been done. What if the house exchanged hands more than once after the replumbing was supposed to be redone (I am thinking about PQ – where people received a credit to re-do their plumbing entirely, but not all spent that money on the intended stuff) – they may not have the proofs.
April 14, 2011 at 2:33 PM #687620Participant[quote=bearishgurl][quote=UCguy] . . . But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced? . . . [/quote]
UCGuy, DO NOT even make an offer on a property that has this problem. ASK the LA first if their listing had or currently has PBT plumbing.
If you are working with a competent agent who is intimately familiar with the area(s) you are seeking to buy in, you can tell them you are not interested in a property built with PBT plumbing and they should KNOW COLD which tracts are subject to this issue. If a seller can PROVE their property was ENTIRELY re-plumbed, you want to see the invoices for work performed BEFORE making an offer and also have a thorough plumbing inspection done if your offer is accepted.
Many replumb jobs are NOT entire replumbs. Some are just fixes at where there was a previous burst or leak, that drywall only and all the “visible” plumbing to the naked eye.[/quote]
Excellent advice, BG, I haven’t thought about that – asking the realtor to find out. Isn’t though a bit of a hassle to ask for seller’s proof he did the whole plumbing BEFORe putting an offer? I mean, he may not want to go to the trouble of providing them and accept the offer of a less-inquiring buyer. I don’t wan’t to turn them off off the bat. Don’t get me wrong, I’d make the offer contingent on the inspection finding out if the replumbing has be done fully – and based on the ORAL confirmation that it has been done. What if the house exchanged hands more than once after the replumbing was supposed to be redone (I am thinking about PQ – where people received a credit to re-do their plumbing entirely, but not all spent that money on the intended stuff) – they may not have the proofs.
April 14, 2011 at 2:33 PM #687759Participant[quote=bearishgurl][quote=UCguy] . . . But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced? . . . [/quote]
UCGuy, DO NOT even make an offer on a property that has this problem. ASK the LA first if their listing had or currently has PBT plumbing.
If you are working with a competent agent who is intimately familiar with the area(s) you are seeking to buy in, you can tell them you are not interested in a property built with PBT plumbing and they should KNOW COLD which tracts are subject to this issue. If a seller can PROVE their property was ENTIRELY re-plumbed, you want to see the invoices for work performed BEFORE making an offer and also have a thorough plumbing inspection done if your offer is accepted.
Many replumb jobs are NOT entire replumbs. Some are just fixes at where there was a previous burst or leak, that drywall only and all the “visible” plumbing to the naked eye.[/quote]
Excellent advice, BG, I haven’t thought about that – asking the realtor to find out. Isn’t though a bit of a hassle to ask for seller’s proof he did the whole plumbing BEFORe putting an offer? I mean, he may not want to go to the trouble of providing them and accept the offer of a less-inquiring buyer. I don’t wan’t to turn them off off the bat. Don’t get me wrong, I’d make the offer contingent on the inspection finding out if the replumbing has be done fully – and based on the ORAL confirmation that it has been done. What if the house exchanged hands more than once after the replumbing was supposed to be redone (I am thinking about PQ – where people received a credit to re-do their plumbing entirely, but not all spent that money on the intended stuff) – they may not have the proofs.
April 14, 2011 at 2:33 PM #688109Participant[quote=bearishgurl][quote=UCguy] . . . But what if the plumbing is all polybutilene (or whatever) and wasn’t replaced? . . . [/quote]
UCGuy, DO NOT even make an offer on a property that has this problem. ASK the LA first if their listing had or currently has PBT plumbing.
If you are working with a competent agent who is intimately familiar with the area(s) you are seeking to buy in, you can tell them you are not interested in a property built with PBT plumbing and they should KNOW COLD which tracts are subject to this issue. If a seller can PROVE their property was ENTIRELY re-plumbed, you want to see the invoices for work performed BEFORE making an offer and also have a thorough plumbing inspection done if your offer is accepted.
Many replumb jobs are NOT entire replumbs. Some are just fixes at where there was a previous burst or leak, that drywall only and all the “visible” plumbing to the naked eye.[/quote]
Excellent advice, BG, I haven’t thought about that – asking the realtor to find out. Isn’t though a bit of a hassle to ask for seller’s proof he did the whole plumbing BEFORe putting an offer? I mean, he may not want to go to the trouble of providing them and accept the offer of a less-inquiring buyer. I don’t wan’t to turn them off off the bat. Don’t get me wrong, I’d make the offer contingent on the inspection finding out if the replumbing has be done fully – and based on the ORAL confirmation that it has been done. What if the house exchanged hands more than once after the replumbing was supposed to be redone (I am thinking about PQ – where people received a credit to re-do their plumbing entirely, but not all spent that money on the intended stuff) – they may not have the proofs.
April 14, 2011 at 2:37 PM #686950Zeitgeist
ParticipantI would wait for the prices to decrease, but that you have to make the decision.
“I’ve long predicted that housing prices would revert to their mean. The popular chart that depicts this long-term mean is the Case Shiller inflation adjusted housing chart (see Figure 1 or 2 below).”
April 14, 2011 at 2:37 PM #687006ParticipantI would wait for the prices to decrease, but that you have to make the decision.
“I’ve long predicted that housing prices would revert to their mean. The popular chart that depicts this long-term mean is the Case Shiller inflation adjusted housing chart (see Figure 1 or 2 below).”
April 14, 2011 at 2:37 PM #687625ParticipantI would wait for the prices to decrease, but that you have to make the decision.
“I’ve long predicted that housing prices would revert to their mean. The popular chart that depicts this long-term mean is the Case Shiller inflation adjusted housing chart (see Figure 1 or 2 below).”
April 14, 2011 at 2:37 PM #687764ParticipantI would wait for the prices to decrease, but that you have to make the decision.
“I’ve long predicted that housing prices would revert to their mean. The popular chart that depicts this long-term mean is the Case Shiller inflation adjusted housing chart (see Figure 1 or 2 below).”
April 14, 2011 at 2:37 PM #688114ParticipantI would wait for the prices to decrease, but that you have to make the decision.
“I’ve long predicted that housing prices would revert to their mean. The popular chart that depicts this long-term mean is the Case Shiller inflation adjusted housing chart (see Figure 1 or 2 below).”
April 14, 2011 at 2:47 PM #686960UCguy
ParticipantMore and more good stuff on this thread. I am VERY grateful!
Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.
I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….
April 14, 2011 at 2:47 PM #687016ParticipantMore and more good stuff on this thread. I am VERY grateful!
Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.
I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….
April 14, 2011 at 2:47 PM #687635ParticipantMore and more good stuff on this thread. I am VERY grateful!
Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.
I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….
April 14, 2011 at 2:47 PM #687774ParticipantMore and more good stuff on this thread. I am VERY grateful!
Good posts about maintenance. I was worried about it. Unfortunately we have very little budgeted for entertainment and vacations. (The rest is for necessary plane trips for the (grand)parents to see us and the kids, or viceversa). Amusement park memberships which we use all the time, and that’s about it…We don’t go in vacations, there is enough to do locally.
I think we’ll buy a house in decent shape so we shouldn’t have to do anything major right away. About waiting for the prices to decrease, hopefully that would make the wait for saving 20% down more palatable….
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