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SD Realtor
ParticipantIf you actually took spore samples in many homes that have been owner occupied for years, some of them will have elevated readings that could indicate mold.
Mold is not as much of a problem as making sure that you remediate it property but moreover make sure you eliminate the source of moisture that casued the problem to begin with. Without moisture, mold will never start to grow. So whether it is plumbing, roof, or moisture barriers from the outside that have been breached, you need to get to the source.
Remediation is not a big deal. Find the source, scrub the studs, replace the sheet rock or cabinetry, replace what needs to be replaced, blow the fans, have the company come back and take spore samples to get the new counts. Getting all that done is important but whether you or your wife considers it a show stopper is your own choice. If your wife has a bad feel for the home then most likely it is best to blow it off. Pushing her into something she is only 50/50 on is not what I would recommend.
Termite damage is of a similar nature. Find the source, make sure you take care of it, (tenting or local spraying) and then remediate.
Honestly if you are going to buy an REO then expect this stuff. Your wife should not expect an REO to be in gleaming condition and turnkey ready to go. However these sorts of remediations and repairs are commonplace. Getting them done with qualified contractors will be well spent money out of pocket.
From your description, it does not seem like much of a big deal. Your realtor should be able to make an assessment based on their experience with similar conditions on other homes.
ParticipantIf you actually took spore samples in many homes that have been owner occupied for years, some of them will have elevated readings that could indicate mold.
Mold is not as much of a problem as making sure that you remediate it property but moreover make sure you eliminate the source of moisture that casued the problem to begin with. Without moisture, mold will never start to grow. So whether it is plumbing, roof, or moisture barriers from the outside that have been breached, you need to get to the source.
Remediation is not a big deal. Find the source, scrub the studs, replace the sheet rock or cabinetry, replace what needs to be replaced, blow the fans, have the company come back and take spore samples to get the new counts. Getting all that done is important but whether you or your wife considers it a show stopper is your own choice. If your wife has a bad feel for the home then most likely it is best to blow it off. Pushing her into something she is only 50/50 on is not what I would recommend.
Termite damage is of a similar nature. Find the source, make sure you take care of it, (tenting or local spraying) and then remediate.
Honestly if you are going to buy an REO then expect this stuff. Your wife should not expect an REO to be in gleaming condition and turnkey ready to go. However these sorts of remediations and repairs are commonplace. Getting them done with qualified contractors will be well spent money out of pocket.
From your description, it does not seem like much of a big deal. Your realtor should be able to make an assessment based on their experience with similar conditions on other homes.
ParticipantIf you actually took spore samples in many homes that have been owner occupied for years, some of them will have elevated readings that could indicate mold.
Mold is not as much of a problem as making sure that you remediate it property but moreover make sure you eliminate the source of moisture that casued the problem to begin with. Without moisture, mold will never start to grow. So whether it is plumbing, roof, or moisture barriers from the outside that have been breached, you need to get to the source.
Remediation is not a big deal. Find the source, scrub the studs, replace the sheet rock or cabinetry, replace what needs to be replaced, blow the fans, have the company come back and take spore samples to get the new counts. Getting all that done is important but whether you or your wife considers it a show stopper is your own choice. If your wife has a bad feel for the home then most likely it is best to blow it off. Pushing her into something she is only 50/50 on is not what I would recommend.
Termite damage is of a similar nature. Find the source, make sure you take care of it, (tenting or local spraying) and then remediate.
Honestly if you are going to buy an REO then expect this stuff. Your wife should not expect an REO to be in gleaming condition and turnkey ready to go. However these sorts of remediations and repairs are commonplace. Getting them done with qualified contractors will be well spent money out of pocket.
From your description, it does not seem like much of a big deal. Your realtor should be able to make an assessment based on their experience with similar conditions on other homes.
February 22, 2010 at 11:13 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #516529ParticipantWe have well paying jobs in San Diego. More well paying jobs then you seem to think we do.
Why don’t you take a poll of what sort of employment piggs have. You do not even have to ask about salary, ask what they do, and you can deduce it.
Please go back and read every post in the past 3 years about how employment was going to choke the real estate market. First it was 6%, then 7% then 8% then 10%… Oh the horror… guess what… it did not choke the market off at all.
Much to your chagrin the employment here in San Diego for high priced jobs is quite strong and will continue to be unless there is a catastrophic event. The only caviot to that is the California treatment of businesses. Business relocation has nothing to do with the federal bailout, only the state policies. That may chase away businesses in the long run but we will see. Hopefully we get a sensible governer who understands businesses and how to provide a climate for growth and who can overule what is possibly the worst state assembly on the planet.
As for you conveniently forgetting who posted what, well… that is really not a surprise.
As to you saying those who wait will be rewarded, that may or may not be true. If you do not have a large downpayment you are either screwed or you will be the benefactor of another govt handout and be a burden to the taxpayers. Most people who have families have other factors that they need to cope with in order to make a housing purchase decision. The common single guy with no wife and kids only needs to think for himself and thus would be well served to wait. Other people may not be in that same boat and may have the finances and a different set of priorities to act differently.
While I also believe that interest rate hikes will add to distress and help drive pricing, unless we have a govt that is willing to let the market act in a free manner and realize that people are not entitled to anything, then nothing is gauranteed and run a muck subsidies and backstopping and spreading the wealth will squelch opportunity for those who made a real sacrifice of saving and acting responsibly.
February 22, 2010 at 11:13 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #516671ParticipantWe have well paying jobs in San Diego. More well paying jobs then you seem to think we do.
Why don’t you take a poll of what sort of employment piggs have. You do not even have to ask about salary, ask what they do, and you can deduce it.
Please go back and read every post in the past 3 years about how employment was going to choke the real estate market. First it was 6%, then 7% then 8% then 10%… Oh the horror… guess what… it did not choke the market off at all.
Much to your chagrin the employment here in San Diego for high priced jobs is quite strong and will continue to be unless there is a catastrophic event. The only caviot to that is the California treatment of businesses. Business relocation has nothing to do with the federal bailout, only the state policies. That may chase away businesses in the long run but we will see. Hopefully we get a sensible governer who understands businesses and how to provide a climate for growth and who can overule what is possibly the worst state assembly on the planet.
As for you conveniently forgetting who posted what, well… that is really not a surprise.
As to you saying those who wait will be rewarded, that may or may not be true. If you do not have a large downpayment you are either screwed or you will be the benefactor of another govt handout and be a burden to the taxpayers. Most people who have families have other factors that they need to cope with in order to make a housing purchase decision. The common single guy with no wife and kids only needs to think for himself and thus would be well served to wait. Other people may not be in that same boat and may have the finances and a different set of priorities to act differently.
While I also believe that interest rate hikes will add to distress and help drive pricing, unless we have a govt that is willing to let the market act in a free manner and realize that people are not entitled to anything, then nothing is gauranteed and run a muck subsidies and backstopping and spreading the wealth will squelch opportunity for those who made a real sacrifice of saving and acting responsibly.
February 22, 2010 at 11:13 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #517103ParticipantWe have well paying jobs in San Diego. More well paying jobs then you seem to think we do.
Why don’t you take a poll of what sort of employment piggs have. You do not even have to ask about salary, ask what they do, and you can deduce it.
Please go back and read every post in the past 3 years about how employment was going to choke the real estate market. First it was 6%, then 7% then 8% then 10%… Oh the horror… guess what… it did not choke the market off at all.
Much to your chagrin the employment here in San Diego for high priced jobs is quite strong and will continue to be unless there is a catastrophic event. The only caviot to that is the California treatment of businesses. Business relocation has nothing to do with the federal bailout, only the state policies. That may chase away businesses in the long run but we will see. Hopefully we get a sensible governer who understands businesses and how to provide a climate for growth and who can overule what is possibly the worst state assembly on the planet.
As for you conveniently forgetting who posted what, well… that is really not a surprise.
As to you saying those who wait will be rewarded, that may or may not be true. If you do not have a large downpayment you are either screwed or you will be the benefactor of another govt handout and be a burden to the taxpayers. Most people who have families have other factors that they need to cope with in order to make a housing purchase decision. The common single guy with no wife and kids only needs to think for himself and thus would be well served to wait. Other people may not be in that same boat and may have the finances and a different set of priorities to act differently.
While I also believe that interest rate hikes will add to distress and help drive pricing, unless we have a govt that is willing to let the market act in a free manner and realize that people are not entitled to anything, then nothing is gauranteed and run a muck subsidies and backstopping and spreading the wealth will squelch opportunity for those who made a real sacrifice of saving and acting responsibly.
February 22, 2010 at 11:13 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #517195ParticipantWe have well paying jobs in San Diego. More well paying jobs then you seem to think we do.
Why don’t you take a poll of what sort of employment piggs have. You do not even have to ask about salary, ask what they do, and you can deduce it.
Please go back and read every post in the past 3 years about how employment was going to choke the real estate market. First it was 6%, then 7% then 8% then 10%… Oh the horror… guess what… it did not choke the market off at all.
Much to your chagrin the employment here in San Diego for high priced jobs is quite strong and will continue to be unless there is a catastrophic event. The only caviot to that is the California treatment of businesses. Business relocation has nothing to do with the federal bailout, only the state policies. That may chase away businesses in the long run but we will see. Hopefully we get a sensible governer who understands businesses and how to provide a climate for growth and who can overule what is possibly the worst state assembly on the planet.
As for you conveniently forgetting who posted what, well… that is really not a surprise.
As to you saying those who wait will be rewarded, that may or may not be true. If you do not have a large downpayment you are either screwed or you will be the benefactor of another govt handout and be a burden to the taxpayers. Most people who have families have other factors that they need to cope with in order to make a housing purchase decision. The common single guy with no wife and kids only needs to think for himself and thus would be well served to wait. Other people may not be in that same boat and may have the finances and a different set of priorities to act differently.
While I also believe that interest rate hikes will add to distress and help drive pricing, unless we have a govt that is willing to let the market act in a free manner and realize that people are not entitled to anything, then nothing is gauranteed and run a muck subsidies and backstopping and spreading the wealth will squelch opportunity for those who made a real sacrifice of saving and acting responsibly.
February 22, 2010 at 11:13 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #517448ParticipantWe have well paying jobs in San Diego. More well paying jobs then you seem to think we do.
Why don’t you take a poll of what sort of employment piggs have. You do not even have to ask about salary, ask what they do, and you can deduce it.
Please go back and read every post in the past 3 years about how employment was going to choke the real estate market. First it was 6%, then 7% then 8% then 10%… Oh the horror… guess what… it did not choke the market off at all.
Much to your chagrin the employment here in San Diego for high priced jobs is quite strong and will continue to be unless there is a catastrophic event. The only caviot to that is the California treatment of businesses. Business relocation has nothing to do with the federal bailout, only the state policies. That may chase away businesses in the long run but we will see. Hopefully we get a sensible governer who understands businesses and how to provide a climate for growth and who can overule what is possibly the worst state assembly on the planet.
As for you conveniently forgetting who posted what, well… that is really not a surprise.
As to you saying those who wait will be rewarded, that may or may not be true. If you do not have a large downpayment you are either screwed or you will be the benefactor of another govt handout and be a burden to the taxpayers. Most people who have families have other factors that they need to cope with in order to make a housing purchase decision. The common single guy with no wife and kids only needs to think for himself and thus would be well served to wait. Other people may not be in that same boat and may have the finances and a different set of priorities to act differently.
While I also believe that interest rate hikes will add to distress and help drive pricing, unless we have a govt that is willing to let the market act in a free manner and realize that people are not entitled to anything, then nothing is gauranteed and run a muck subsidies and backstopping and spreading the wealth will squelch opportunity for those who made a real sacrifice of saving and acting responsibly.
Participantemail sheldon. [email protected]
Participantemail sheldon. [email protected]
Participantemail sheldon. [email protected]
Participantemail sheldon. [email protected]
Participantemail sheldon. [email protected]
February 21, 2010 at 6:01 PM in reply to: About half of U.S. mortgages seen underwater by 2011 #516267ParticipantAN as long as I get one to then I am right there with you man!
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