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UCGal
ParticipantAnother point.
If the inspection uncovers something big – and the seller refuses to fix it, it’s worth reminding them that they MUST disclose this to future buyers.
This won’t be a consideration on easy fixes… but lets say there’s mold, or significant water damage… The house is now much harder to sell without these items remediated.
For some reason the sellers agents don’t always convey this to the sellers unless prompted. And I’ve seen sellers reconsider when they realize they need to fix or disclose to any new buyers.
UCGal
ParticipantAnother point.
If the inspection uncovers something big – and the seller refuses to fix it, it’s worth reminding them that they MUST disclose this to future buyers.
This won’t be a consideration on easy fixes… but lets say there’s mold, or significant water damage… The house is now much harder to sell without these items remediated.
For some reason the sellers agents don’t always convey this to the sellers unless prompted. And I’ve seen sellers reconsider when they realize they need to fix or disclose to any new buyers.
UCGal
ParticipantI’m somewhere between Svelte and Scaredy… I’d probably stay in place, do some upgrades, hire some help.
The problem with spending $5M or even close – is your prop taxes are super high… and that competes with my goal of being able to retire… have to get the fixed costs down so I can travel in style when I no longer work.
I could see spending $100k getting all the postponed work done on my house though. Banking the rest and upgrading from coach to first class on our vacations. (Having just returned from Sicily – I have fantasies of being in one of those pod/full flat beds at the front of the plane for an overseas trip. No armrest wars for those folks!)
UCGal
ParticipantI’m somewhere between Svelte and Scaredy… I’d probably stay in place, do some upgrades, hire some help.
The problem with spending $5M or even close – is your prop taxes are super high… and that competes with my goal of being able to retire… have to get the fixed costs down so I can travel in style when I no longer work.
I could see spending $100k getting all the postponed work done on my house though. Banking the rest and upgrading from coach to first class on our vacations. (Having just returned from Sicily – I have fantasies of being in one of those pod/full flat beds at the front of the plane for an overseas trip. No armrest wars for those folks!)
UCGal
ParticipantI’m somewhere between Svelte and Scaredy… I’d probably stay in place, do some upgrades, hire some help.
The problem with spending $5M or even close – is your prop taxes are super high… and that competes with my goal of being able to retire… have to get the fixed costs down so I can travel in style when I no longer work.
I could see spending $100k getting all the postponed work done on my house though. Banking the rest and upgrading from coach to first class on our vacations. (Having just returned from Sicily – I have fantasies of being in one of those pod/full flat beds at the front of the plane for an overseas trip. No armrest wars for those folks!)
UCGal
ParticipantI’m somewhere between Svelte and Scaredy… I’d probably stay in place, do some upgrades, hire some help.
The problem with spending $5M or even close – is your prop taxes are super high… and that competes with my goal of being able to retire… have to get the fixed costs down so I can travel in style when I no longer work.
I could see spending $100k getting all the postponed work done on my house though. Banking the rest and upgrading from coach to first class on our vacations. (Having just returned from Sicily – I have fantasies of being in one of those pod/full flat beds at the front of the plane for an overseas trip. No armrest wars for those folks!)
UCGal
ParticipantI’m somewhere between Svelte and Scaredy… I’d probably stay in place, do some upgrades, hire some help.
The problem with spending $5M or even close – is your prop taxes are super high… and that competes with my goal of being able to retire… have to get the fixed costs down so I can travel in style when I no longer work.
I could see spending $100k getting all the postponed work done on my house though. Banking the rest and upgrading from coach to first class on our vacations. (Having just returned from Sicily – I have fantasies of being in one of those pod/full flat beds at the front of the plane for an overseas trip. No armrest wars for those folks!)
UCGal
Participant[quote=sdrealtor]That’s great for you! Let us know how it all works out a few year down the road newbie.[/quote]
Why the snark? I’m curious what he/she said that you felt the need for it?(another example of my naivety I guess.)
UCGal
Participant[quote=sdrealtor]That’s great for you! Let us know how it all works out a few year down the road newbie.[/quote]
Why the snark? I’m curious what he/she said that you felt the need for it?(another example of my naivety I guess.)
UCGal
Participant[quote=sdrealtor]That’s great for you! Let us know how it all works out a few year down the road newbie.[/quote]
Why the snark? I’m curious what he/she said that you felt the need for it?(another example of my naivety I guess.)
UCGal
Participant[quote=sdrealtor]That’s great for you! Let us know how it all works out a few year down the road newbie.[/quote]
Why the snark? I’m curious what he/she said that you felt the need for it?(another example of my naivety I guess.)
UCGal
Participant[quote=sdrealtor]That’s great for you! Let us know how it all works out a few year down the road newbie.[/quote]
Why the snark? I’m curious what he/she said that you felt the need for it?(another example of my naivety I guess.)
UCGal
ParticipantAN…
Do you plan to drive when you retire?I assume you’d use your current equity to pay for a place in Del Mar or Solana Beach.
Cars wear out…even when lightly used. You still need to budget for gas, insurance, tires, etc… if you own a car.
Brian…
We’re looking at Italy as an option… but the less likely one. Might do 6 months here, 6 months there… but we’d have to factor travel and rentals into our budget. Wouldn’t want to buy there since we’d want to try different places…UCGal
ParticipantAN…
Do you plan to drive when you retire?I assume you’d use your current equity to pay for a place in Del Mar or Solana Beach.
Cars wear out…even when lightly used. You still need to budget for gas, insurance, tires, etc… if you own a car.
Brian…
We’re looking at Italy as an option… but the less likely one. Might do 6 months here, 6 months there… but we’d have to factor travel and rentals into our budget. Wouldn’t want to buy there since we’d want to try different places… -
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