[seattle-relo]

I know what you mean about selling a house and then having the new owners come back at you, it’s certainly not something I’d want either. I really would prefer not to bother the sellers, because it would seem pretty hard to prove (though it’s hard to believe they didn’t know that their sprinklers were saturating the house which can cause serious damage), I really think the inspector was responsible to look closely at the foundation and exterior walls – that’s what we paid him to do. He missed it and now we are stuck with a 10,000 bill for repairs. Oh the joys of homeownership. We are just trying to figure out what to do, either just eat the cost or attempt to get some of the reapirs reimbursed by the inspector with the assistance of an attorney.

[seattle-relo]

I know what you mean about selling a house and then having the new owners come back at you, it’s certainly not something I’d want either. I really would prefer not to bother the sellers, because it would seem pretty hard to prove (though it’s hard to believe they didn’t know that their sprinklers were saturating the house which can cause serious damage), I really think the inspector was responsible to look closely at the foundation and exterior walls – that’s what we paid him to do. He missed it and now we are stuck with a 10,000 bill for repairs. Oh the joys of homeownership. We are just trying to figure out what to do, either just eat the cost or attempt to get some of the reapirs reimbursed by the inspector with the assistance of an attorney.

[seattle-relo]

We don’t need an increase in equity to keep our place, we’ll just be stuck here for 20 years. Our second,which is a 15 year balloon will e paid off in a couple of years, so the only worry would be if my husband lost his job and couldn’t find comparable employment. I apprechiated all the feedback and have talked with my husband about researching our options more. He still doesn’t believe the market will tank. But I do have a question that I’m sure has been answered in a previous post:

What would todays prices be if the market had just apprechiated in a more “healthy” (if there is one) market? Could that be where prices will eventually end up?I think we paid about 2004 prices for our house. I looked on Zillow and saw the same floor plan as my place purchased back in 2004 for 580K, 2003 for 480K, there wasn’t any sales of my floorplan in 2005, but there was Dec 2006 for 585K. I wondering if prices will end up at mid-2002 prices if they had just risen at a more “normal” level? Just wondering what people think?

[seattle-relo]

We don’t need an increase in equity to keep our place, we’ll just be stuck here for 20 years. Our second,which is a 15 year balloon will e paid off in a couple of years, so the only worry would be if my husband lost his job and couldn’t find comparable employment. I apprechiated all the feedback and have talked with my husband about researching our options more. He still doesn’t believe the market will tank. But I do have a question that I’m sure has been answered in a previous post:

What would todays prices be if the market had just apprechiated in a more “healthy” (if there is one) market? Could that be where prices will eventually end up?I think we paid about 2004 prices for our house. I looked on Zillow and saw the same floor plan as my place purchased back in 2004 for 580K, 2003 for 480K, there wasn’t any sales of my floorplan in 2005, but there was Dec 2006 for 585K. I wondering if prices will end up at mid-2002 prices if they had just risen at a more “normal” level? Just wondering what people think?

[seattle-relo]

You are right, I only have myself to blame, my original point was that a lot of buyers out there really are blind to what’s going on. We honestly didn’t know how serious it was and I would imagine other recent buyers don’t either. My other question when posting on this site was to get a better understanding of the longterm consequence and how people dealt with it in the past. Yes I am angry that I made a bad decision and yes I am angry that the inspector missed thousands of dollars of repairs, but I don’t blame him, he didn’t make me buy the house. It’s too late now, so I am just trying to figure out what to do next, that’s all.

[seattle-relo]

You are right, I only have myself to blame, my original point was that a lot of buyers out there really are blind to what’s going on. We honestly didn’t know how serious it was and I would imagine other recent buyers don’t either. My other question when posting on this site was to get a better understanding of the longterm consequence and how people dealt with it in the past. Yes I am angry that I made a bad decision and yes I am angry that the inspector missed thousands of dollars of repairs, but I don’t blame him, he didn’t make me buy the house. It’s too late now, so I am just trying to figure out what to do next, that’s all.

[seattle-relo]

Yikes, that really painful! If we sold now and are lucky to get what we paid for 575K, we’d have to pay up to 10% in sellers fees – 57,000. Since we put only 5% down we’d have to show up with about another 27K – which we have in the bank, but that’s almost ALL our liquid savings, the rest is in 401K’s and mutual funds.(You might ask why we didn’t put down more- I don’t know either – it seemed to make sense at the time) So even if we wanted to buy in 2 years, we wouldn’t have 10-20% to put down to buy low. I don’t know that we could save that much – maybe. I just don’t think I could talk him into giving away 27K in cash because he really believes the market isn’t going to tank. I will try to get him to see reason, the tax data might work. Someone asked why we moved here, it was because of a great job opportunity for my husband – both salary and work. responsibilites.

[seattle-relo]

Yikes, that really painful! If we sold now and are lucky to get what we paid for 575K, we’d have to pay up to 10% in sellers fees – 57,000. Since we put only 5% down we’d have to show up with about another 27K – which we have in the bank, but that’s almost ALL our liquid savings, the rest is in 401K’s and mutual funds.(You might ask why we didn’t put down more- I don’t know either – it seemed to make sense at the time) So even if we wanted to buy in 2 years, we wouldn’t have 10-20% to put down to buy low. I don’t know that we could save that much – maybe. I just don’t think I could talk him into giving away 27K in cash because he really believes the market isn’t going to tank. I will try to get him to see reason, the tax data might work. Someone asked why we moved here, it was because of a great job opportunity for my husband – both salary and work. responsibilites.

[seattle-relo]

Westwood is in Rancho Bernardo.

Carlsbadliving: Supposively Seattle is still going up, however I have been hearing that it has been taking a little longer for people to get their homes sold. Yes, I think most people are still in denial about the housing market. We sold our place in November, it was only on the market 3 days and we got multiple offers a little over the asking price. By the way, enjoy Seattle it’s just beautiful there. We just got tired of the rain and my husband got a great job opportunity here. If you have any questions about schools or anything,I’d be happy to answer them Good luck!

[seattle-relo]

Westwood is in Rancho Bernardo.

Carlsbadliving: Supposively Seattle is still going up, however I have been hearing that it has been taking a little longer for people to get their homes sold. Yes, I think most people are still in denial about the housing market. We sold our place in November, it was only on the market 3 days and we got multiple offers a little over the asking price. By the way, enjoy Seattle it’s just beautiful there. We just got tired of the rain and my husband got a great job opportunity here. If you have any questions about schools or anything,I’d be happy to answer them Good luck!

[seattle-relo]

I actually mentioned that idea to my husband over the weekend who just thinks I’m crazy and overreacting. He doesn’t believe the market will go down much more than another 5%. Already in Rancho Bernardo there are comparable houses listed more at 550K where we paid 575. Plus our house needs some major repairs (that the sellers didn’t disclose and the inspector missed – another story all together) that would need to be done before listing. I would be all for it though…perhaps I can try to convince him. I guess I can understand that he can’t believe our house could go so down in value let’s say 50% = 275K, where we paid 265K 6 years ago for a crappy 70’s house in a not so great neighborhood in rainy Seattle.(Which could be sold today for about 515 or so) Let me ask, beside the 6% realtor fees are there any taxes to pay – in WA we had to pay excise tax when we sold property.

[seattle-relo]

I actually mentioned that idea to my husband over the weekend who just thinks I’m crazy and overreacting. He doesn’t believe the market will go down much more than another 5%. Already in Rancho Bernardo there are comparable houses listed more at 550K where we paid 575. Plus our house needs some major repairs (that the sellers didn’t disclose and the inspector missed – another story all together) that would need to be done before listing. I would be all for it though…perhaps I can try to convince him. I guess I can understand that he can’t believe our house could go so down in value let’s say 50% = 275K, where we paid 265K 6 years ago for a crappy 70’s house in a not so great neighborhood in rainy Seattle.(Which could be sold today for about 515 or so) Let me ask, beside the 6% realtor fees are there any taxes to pay – in WA we had to pay excise tax when we sold property.

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