[(former)FormerSanDiegan]

[quote=captcha][quote=scaredycat]what do you mean, cash back? just keep the same offer in place, but they give me money at closing?[/quote]

You can ask the seller to fix items for you or to give you money at closing.
I had maybe $300 worth of repairs and the bank said no (did not fix, did not give money). A friend of mine got $20K (mostly related to his pool).[/quote]

Captcha captcha’d the essence of what I suggested.
After inspection, buyers typucally ask for repairs or credit towards closing in lieu of repairs. For both houses I sold, there was a long laundry list of requested repairs. I typically agreed to the saftety-related ones (electrical issues, etc) and provided credit to buyer in cases where it would have been too long or not worthwhile to do the repair.

Do you have an agent ? They should be making these types of suggestions.

[(former)FormerSanDiegan]

[quote=captcha][quote=scaredycat]what do you mean, cash back? just keep the same offer in place, but they give me money at closing?[/quote]

You can ask the seller to fix items for you or to give you money at closing.
I had maybe $300 worth of repairs and the bank said no (did not fix, did not give money). A friend of mine got $20K (mostly related to his pool).[/quote]

Captcha captcha’d the essence of what I suggested.
After inspection, buyers typucally ask for repairs or credit towards closing in lieu of repairs. For both houses I sold, there was a long laundry list of requested repairs. I typically agreed to the saftety-related ones (electrical issues, etc) and provided credit to buyer in cases where it would have been too long or not worthwhile to do the repair.

Do you have an agent ? They should be making these types of suggestions.

[(former)FormerSanDiegan]

[quote=scaredycat]what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?[/quote]

I think most sellers would never consider an offer from you if you terminate and re-offer.

Here’s an option that often works. You are much better off using items from the inspection to ask for a discount or cash back in lieu of repairs. most inspectors find enough things wrong to justify at least a couple thousand dollars in repairs.

[(former)FormerSanDiegan]

[quote=scaredycat]what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?[/quote]

I think most sellers would never consider an offer from you if you terminate and re-offer.

Here’s an option that often works. You are much better off using items from the inspection to ask for a discount or cash back in lieu of repairs. most inspectors find enough things wrong to justify at least a couple thousand dollars in repairs.

[(former)FormerSanDiegan]

[quote=scaredycat]what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?[/quote]

I think most sellers would never consider an offer from you if you terminate and re-offer.

Here’s an option that often works. You are much better off using items from the inspection to ask for a discount or cash back in lieu of repairs. most inspectors find enough things wrong to justify at least a couple thousand dollars in repairs.

[(former)FormerSanDiegan]

[quote=scaredycat]what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?[/quote]

I think most sellers would never consider an offer from you if you terminate and re-offer.

Here’s an option that often works. You are much better off using items from the inspection to ask for a discount or cash back in lieu of repairs. most inspectors find enough things wrong to justify at least a couple thousand dollars in repairs.

[(former)FormerSanDiegan]

[quote=scaredycat]what if i terminate during the inspection period and make a new offer subject to all the same conditions of the original offer with the inspection period waived on an REO while deposit is in escrow? WIll they likely tell me to take a hike or will they probably keep that offer in place while they weed through other possible buyers?[/quote]

I think most sellers would never consider an offer from you if you terminate and re-offer.

Here’s an option that often works. You are much better off using items from the inspection to ask for a discount or cash back in lieu of repairs. most inspectors find enough things wrong to justify at least a couple thousand dollars in repairs.

[(former)FormerSanDiegan]

BUY THIS HOUSE !

This is a no-brainer.

Although, there are always some risks (house flattened by earthquake, zombie attacks, etc),

I am not suggesting that being a landlord is the purpose. The rent/own comparison helps evaluate risk of depreciaiton and also serves as a fall-back plan. You are highly unlikely to go wrong on a property that would rent for a couple hundred bucks more than your payment, for a few reasons:

1. Rent-ownership equilibrium tends to put a floor on prices.
2. If you find yourself in a bind, you can always rent it out.
3. Your doctor wife is likely to be able to help afford a mortgage of $1500, even if we institute socialized medicine.

This is a No Brainer (which also tends to keep zombies away, being that they really like to eat brains)

[quote=scaredycat]i think this place would rent for between $1,750 – $2,200 per month. But I might be wrong. I do not want to be a landlord. I want to grow persimmons and raise chickens.[/quote]

[(former)FormerSanDiegan]

BUY THIS HOUSE !

This is a no-brainer.

Although, there are always some risks (house flattened by earthquake, zombie attacks, etc),

I am not suggesting that being a landlord is the purpose. The rent/own comparison helps evaluate risk of depreciaiton and also serves as a fall-back plan. You are highly unlikely to go wrong on a property that would rent for a couple hundred bucks more than your payment, for a few reasons:

1. Rent-ownership equilibrium tends to put a floor on prices.
2. If you find yourself in a bind, you can always rent it out.
3. Your doctor wife is likely to be able to help afford a mortgage of $1500, even if we institute socialized medicine.

This is a No Brainer (which also tends to keep zombies away, being that they really like to eat brains)

[quote=scaredycat]i think this place would rent for between $1,750 – $2,200 per month. But I might be wrong. I do not want to be a landlord. I want to grow persimmons and raise chickens.[/quote]

[(former)FormerSanDiegan]

BUY THIS HOUSE !

This is a no-brainer.

Although, there are always some risks (house flattened by earthquake, zombie attacks, etc),

I am not suggesting that being a landlord is the purpose. The rent/own comparison helps evaluate risk of depreciaiton and also serves as a fall-back plan. You are highly unlikely to go wrong on a property that would rent for a couple hundred bucks more than your payment, for a few reasons:

1. Rent-ownership equilibrium tends to put a floor on prices.
2. If you find yourself in a bind, you can always rent it out.
3. Your doctor wife is likely to be able to help afford a mortgage of $1500, even if we institute socialized medicine.

This is a No Brainer (which also tends to keep zombies away, being that they really like to eat brains)

[quote=scaredycat]i think this place would rent for between $1,750 – $2,200 per month. But I might be wrong. I do not want to be a landlord. I want to grow persimmons and raise chickens.[/quote]

[(former)FormerSanDiegan]

BUY THIS HOUSE !

This is a no-brainer.

Although, there are always some risks (house flattened by earthquake, zombie attacks, etc),

I am not suggesting that being a landlord is the purpose. The rent/own comparison helps evaluate risk of depreciaiton and also serves as a fall-back plan. You are highly unlikely to go wrong on a property that would rent for a couple hundred bucks more than your payment, for a few reasons:

1. Rent-ownership equilibrium tends to put a floor on prices.
2. If you find yourself in a bind, you can always rent it out.
3. Your doctor wife is likely to be able to help afford a mortgage of $1500, even if we institute socialized medicine.

This is a No Brainer (which also tends to keep zombies away, being that they really like to eat brains)

[quote=scaredycat]i think this place would rent for between $1,750 – $2,200 per month. But I might be wrong. I do not want to be a landlord. I want to grow persimmons and raise chickens.[/quote]

[(former)FormerSanDiegan]

BUY THIS HOUSE !

This is a no-brainer.

Although, there are always some risks (house flattened by earthquake, zombie attacks, etc),

I am not suggesting that being a landlord is the purpose. The rent/own comparison helps evaluate risk of depreciaiton and also serves as a fall-back plan. You are highly unlikely to go wrong on a property that would rent for a couple hundred bucks more than your payment, for a few reasons:

1. Rent-ownership equilibrium tends to put a floor on prices.
2. If you find yourself in a bind, you can always rent it out.
3. Your doctor wife is likely to be able to help afford a mortgage of $1500, even if we institute socialized medicine.

This is a No Brainer (which also tends to keep zombies away, being that they really like to eat brains)

[quote=scaredycat]i think this place would rent for between $1,750 – $2,200 per month. But I might be wrong. I do not want to be a landlord. I want to grow persimmons and raise chickens.[/quote]

[(former)FormerSanDiegan]

From a financial perspective this seems almost like a no-brainer, but just in case …
What would it rent for if you decided you didn;t like it after buying ?

From a psychological perspective there is no hope for you, anyway 🙂

[(former)FormerSanDiegan]

From a financial perspective this seems almost like a no-brainer, but just in case …
What would it rent for if you decided you didn;t like it after buying ?

From a psychological perspective there is no hope for you, anyway 🙂

[(former)FormerSanDiegan]

From a financial perspective this seems almost like a no-brainer, but just in case …
What would it rent for if you decided you didn;t like it after buying ?

From a psychological perspective there is no hope for you, anyway 🙂

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