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What I'm Hearing ...

24

Comments

  • creepycougcreepycoug Member Posts: 23,807
    Here's the funny thing, and why I say "Long on Seattle Real Estate": this is far from the first time we've seen this kind of slobbering over greater Seattle market. Back when I was studying for the LSAT with Steven Klein, he would start every class by giving us a fupdate on his house-buying adventures. He would describe what was then the novel idea of people from OOS bid higher than asking based on a single picture of the house (keep in mind, early 90s; Gore had not yet invented the internet), a basic description, and no contigencies. That was a long tim ago. Seattle has been a place people pay dearly to live in for over 30 years.
  • creepycougcreepycoug Member Posts: 23,807

    I agree with you @swaye . I'd never buy a home w/o an inspection. In fact, I'd almost be in favor of some sort of consumer protection in RE which gives a buyer an inspection contingency no matter what.

    That said, desperate times call for desperate measures and plenty of folks waive it in Seattle. And you better believe I truthfully disclosed every defect that I was aware of along with providing receipts for any work I had done- e.g., tuck pointing the chimney, fixing the first 5 or so feet of the sewer line (along with providing the sewer scope video), etc.
    Sewer scope/ line repair is a big one in Seattle now eh @pawz ?
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 36,775 Founders Club

    All cash no inspections is for renovation not families

    Sound advice.
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,942 Founders Club
    Swaye said:

    I get the escalators in a sellers market, but no inspection? Fuck that. I will never buy a home without an inspection. I just won't live there. That's absurd. Let me pay a million bucks for your house that flooded two years ago and I have no idea....real estate up there has gotten insane....
    One must be smarter than the Redman to compete. Complete your inspection BEFORE you submit your offer.

    There is a word for it:

    preinspection


    It's tuff around these parts.
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,942 Founders Club

    Sewer scope/ line repair is a big one in Seattle now eh @pawz ?
    $200-$300 to save you $20k. No brainer.

    And yes mandatory, save a new construction plat where the line is new.
  • RaceBannonRaceBannon Member, Moderator, Swaye's Wigwam Posts: 109,922 Founders Club
    pawz said:

    One must be smarter than the Redman to compete. Complete your inspection BEFORE you submit your offer.

    There is a word for it:

    preinspection


    It's tuff around these parts.
    If you're like most folks here, smart and handsome, you can do a lot of inspecting as you look at the house

    You can't see inside stuff but you can get a great idea on the roof, the electric and the plumbing just by looking at shit like the breaker and under the sinks.

    Not perfect but if you are going to go no inspection walk the house with someone who knows their shit
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 36,775 Founders Club
    pawz said:

    $200-$300 to save you $20k. No brainer.

    And yes mandatory, save a new construction plat where the line is new.
    Our home was 1927. About 8 from the house our neighbor's line linked into ours which was not uncommon. I had it scoped before we bought and then after I had an exterior clean out installed and fixed a small disjoint in the line about 2 feet below grade. No big deal. Cost about $1000 with a permit. Rest of the line was in great shape for being damn near 100 years.

    A few years after we bought our place, douche canoe, cos play, fat fuck tech guy from Canada buys the place next door. It was his first home and I bet this guy spent $150K fixing shit on a 2 bed / 1 bath tear down. Comes to me one day saying he wants to put this protective liner down the whole line and split the cost with us.

    I politely told him, no thanks, and you don't have my permission to do anything with MY sewer line.
  • dfleadflea Member Posts: 7,272
    pawz said:

    Deadass.

    lol

  • creepycougcreepycoug Member Posts: 23,807

    Our home was 1927. About 8 from the house our neighbor's line linked into ours which was not uncommon. I had it scoped before we bought and then after I had an exterior clean out installed and fixed a small disjoint in the line about 2 feet below grade. No big deal. Cost about $1000 with a permit. Rest of the line was in great shape for being damn near 100 years.

    A few years after we bought our place, douche canoe, cos play, fat fuck tech guy from Canada buys the place next door. It was his first home and I bet this guy spent $150K fixing shit on a 2 bed / 1 bath tear down. Comes to me one day saying he wants to put this protective liner down the whole line and split the cost with us.

    I politely told him, no thanks, and you don't have my permission to do anything with MY sewer line.
    Rugged Western Individualism Rowboat Ethos
  • USMChawkUSMChawk Member Posts: 1,800
    Swaye said:

    I get the escalators in a sellers market, but no inspection? Fuck that. I will never buy a home without an inspection. I just won't live there. That's absurd. Let me pay a million bucks for your house that flooded two years ago and I have no idea....real estate up there has gotten insane....
    We sold in the time of Covid so my realtor suggested I pay for my own inspection and we provided it to any interested buyers. It was a list of minor shit that I was able to knock out ( except for a couple of things I paid a handyman to do). When I sold, the inspection contingency was removed by both buyers, during their bidding war.
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 36,775 Founders Club

    Just be careful about the key parties. They sound fun, but I'm hearing they're a bad idea.
    What if most of the keys are good?
  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,942 Founders Club

    Just be careful about the key parties. They sound fun, but I'm hearing they're a bad idea.
    Da fuq is a key party?

  • pawzpawz Member, Moderator, Swaye's Wigwam Posts: 21,942 Founders Club
    edited March 2021
    USMChawk said:

    We sold in the time of Covid so my realtor suggested I pay for my own inspection and we provided it to any interested buyers. It was a list of minor shit that I was able to knock out ( except for a couple of things I paid a handyman to do). When I sold, the inspection contingency was removed by both buyers, during their bidding war.
    A lot of people do this. I understand why.

    It's a philosophic point with many layers for discussion, but we? believe it exposes our sellers to too much liability and don't.

    As Yella said, you disclose every. fucking. thing. you know about. Then stfu.

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