[heywood]

Not a blog per say but good data…
http://www.housepriceindex.ca/Default.aspx
Kind of like the case schiller index.

realtor.ca or centris.ca are mls listing sites.

[heywood]

Point is people are wasting their money and will expect the govt to bail them out when they want to retire down the road. People are stupid!

[heywood]

A prius is not a good example because of the batterys etc. so may have a large drop in value beyond a certain age.

Your calculation is no good for a general case though. Assume a car depreciates a constant percentage each year then apply that to the purchase price of new vs used and you will get a better idea of the real situation.

i.e.
13k @ 12% year = ~6k loss (sell for 7k)
24k @ 12% year = ~11k loss (sell for 13k)

[heywood]

My refi documents said 12 months.

[heywood]

[quote=ltsdd]I was so taken aback about the questions about our remodeling/repairing of the property within the last six months and whether or not the accounts were settled that instead of checking the boxes I wrote down that effectively says “How the hell would I know since I didn’t know anything about this property until a few weeks ago and why would I do any repair/remodel on a property that I didn’t even know exist.”[/quote]

Actually, think about it – this is to help protect you. Unpaid contractors can put a lien on the property. If you know any of this information then it will help the title company to ensure that everything is kosher.

Also keep in mind this is probably a boiler plate form that they give to buyer and seller. It never hurts to have more information. It helps them get through their process more efficiently. Say the title search turns something up, if they don’t already have the info they have to come back and ask you for it, or worse, give you wrong information. I’m sure the form has these questions because the answers have been needed on previous transactions. You can always decline to give the answer or talk to the agent about why its needed.

I don’t get why you are annoyed by this – in the end the title search is to protect you, the buyer (and the mortgage holder).

[heywood]

They ask for it but you don’t have to provide it. When I filled in that form I asked my agent and he explained that it is to assist with the title search, for example is if someone had the same name as you the records could be confused. In my case they said my name was uncommon enough that if I wanted to leave off particular items it wouldn’t be a problem. Call the escrow company and talk to them, thats what you pay them for after all.

[heywood]

I used Phil Binggeli (619.222.9200). I was happy with his inspection and he took the time to go over the items in his report so that I understood what he was commenting on, and whether he personally felt like it was a big deal or just an item on his checklist. He also identified things that were outside his expertise or scope of inspection, which to me is just as valuable (or more so) than the inspection report itself.
Hope that helps.

[Author]

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