lmao- Not Again!!!!!!

[DrPizza]

Everything was going great on attempt #3... mortgage commitment letter, all the lawyers taking care of stuff, appraisal was just fine, etc.

Fast forward to a day or so ago... mortgage company notices that the appraisal didn't say anything about the heating system. (We knew it needed work, as well as the water)... no go on the mortgage until the heating system is repaired. Checked with our bank as to what was acceptable.... no problem. It would take me a couple of hours to do on Saturday... cost me a few hundred.

Seller's realtor. No way. Gotta use THEIR contractor for the repairs.
Got the estimate today...

to *repair* the heating system (boiler is fine... has to have a little work done on the water lines, and the oil line to the boiler)
...












$9400 WHAT THE FVCK!
Called our local oil place, they can install a BRAND NEW system for $3500. (which sounded about $1000 low to me for a new system, but it's a 1 floor house and unfinished basement... labor is a piece of cake)
$9400 to *REPAIR* the existing system? Who the fvck do they think they're kidding?!!!
*sigh* tomorrow's another day. Rapidly searching for a different lender with a different plan. Some sort of 203k plan for mortgage where repair money is in escrow or something... (I have absolutely NO intention of getting ripped off for $9400) And yet again... a deadline to close is growing closer.

I have the worst f'ing luck buying a house.
On the other hand... the 6K tax return will be nice to have for other home improvements.

 

[FoBoT]

bummer dude
don't let them screw you over

you can always get that cardboard box behind the dumpster at Arby's for cheap

 

[Anubis]

man you have sh!t luck with houses, that sucks dude

 

[n0cmonkey]

Maybe it's time to give up man. Buy some property, build a house.

Good luck! :beer:

 

[neonerd]

Originally posted by: Anubis
man you have sh!t luck with houses, that sucks dude

 

[notfred]

Originally posted by: n0cmonkey
Maybe it's time to give up man. Buy some property, build a house.

Good luck! :beer:

You'd end up with a better house, too.

 

[DrPizza]

Still gotta go through the lawyers and stuff... even to buy property. That's where I seem to have the trouble! With my current luck, I'd succeed in buying some property, then having some unknown organization declare that the location I want to build my house in lies directly over a previously unknown fault line, mudslide prone, lightning attracting, tornado attracting zone.

Heck. With my luck, you'll all read about the bizarre volcano that suddenly formed in NY... on my property.

 

[DrPizza]

Originally posted by: notfred

Originally posted by: n0cmonkey
Maybe it's time to give up man. Buy some property, build a house.

Good luck! :beer:

You'd end up with a better house, too.

Not necessarily... a lot of older homes that have been around for 150 years or more have much more character... as long as the utilities (wiring, heating, etc.) are updated, you often can't build a home with as much quality for anywhere near what one costs (in my market area). Not that the house I was getting is old... it's not.

 

[psiu]

Originally posted by: DrPizza
Everything was going great on attempt #3... mortgage commitment letter, all the lawyers taking care of stuff, appraisal was just fine, etc.

Fast forward to a day or so ago... mortgage company notices that the appraisal didn't say anything about the heating system. (We knew it needed work, as well as the water)... no go on the mortgage until the heating system is repaired. Checked with our bank as to what was acceptable.... no problem. It would take me a couple of hours to do on Saturday... cost me a few hundred.

Seller's realtor. No way. Gotta use THEIR contractor for the repairs.
Got the estimate today...

to *repair* the heating system (boiler is fine... has to have a little work done on the water lines, and the oil line to the boiler)
...












$9400 WHAT THE FVCK!
Called our local oil place, they can install a BRAND NEW system for $3500. (which sounded about $1000 low to me for a new system, but it's a 1 floor house and unfinished basement... labor is a piece of cake)
$9400 to *REPAIR* the existing system? Who the fvck do they think they're kidding?!!!
*sigh* tomorrow's another day. Rapidly searching for a different lender with a different plan. Some sort of 203k plan for mortgage where repair money is in escrow or something... (I have absolutely NO intention of getting ripped off for $9400) And yet again... a deadline to close is growing closer.

I have the worst f'ing luck buying a house.
On the other hand... the 6K tax return will be nice to have for other home improvements.

LOL at you


Dude, that sucks. It's a sympathetic LOL if it makes you feel better.

Seriously, have you considered just going postal on the realtors in that area?

 

[Vic]

Wow... why is the seller trying to nuke the deal like that? Stupid? Got a better offer from someone else he'd rather take?

Try this. Let the seller know that it is still his house and his repair. If he wants to sell the house to you (or to anyone really, lack of heating system in a cold climate area is a kiss of death), then he can pay for the repairs, but that you would be willing to have the actual, competitive, put-out-for-bid cost of the repairs re-negotiated into the purchase price so that he can get the cost back at closing (and you just have it put into your monthly payment).

Under no circumstances should you pay for major repairs on a house that you do not own yet.

 

[OutHouse]

Originally posted by: Vic
Wow... why is the seller trying to nuke the deal like that? Stupid? Got a better offer from someone else he'd rather take?

Try this. Let the seller know that it is still his house and his repair. If he wants to sell the house to you (or to anyone really, lack of heating system in a cold climate area is a kiss of death), then he can pay for the repairs, but that you would be willing to have the actual, competitive, put-out-for-bid cost of the repairs re-negotiated into the purchase price so that he can get the cost back at closing (and you just have it put into your monthly payment).

Under no circumstances should you pay for major repairs on a house that you do not own yet.

^^^ words of wisdom

 

[DrPizza]

I agree completely.... under no circumstances should I pay for major repairs on a house that I do not own yet....

They're not friggin major repairs! $9400 to replace a few copper lines!? I don't even think that includes the cost of repairing the water... (well water) Well is fine, before being evicted (foreclosure) the previous person living there ripped out what appears may have been a water softener and/or filter, and several water lines are simply cut. I was aware of the problems beforehand... it's not a major issue to me. Bending over and taking it up the rear for the seller's realtor is the big deal for me.

The plan was that I'd get the water system up and running after we closed (one night during the week), and I'd put in a new pellet stove (everything is there... all the brick work, chimney outside, etc. Just set it in place, wire it in (blower), and hook it up to the furnace. Then, on the weekend, I'd work in the basement (heating system as backup, updating some of the wiring) while the wife and kids (and any wonderful volunteers! ) stripped the wallpaper in the bedrooms (3), ripped the carpeting out, and painted the walls (and maybe the ceiling too) and put down the new foam for the new carpetting (and the tack strips) As soon as the paint was dry, I'd install the carpeting in the bedrooms, and we'd be ready to move our stuff. Living room, dining room, and office would be next in line to receive the touch of redecorating the walls, install a few new ceiling fans, oak flooring in 2 of the rooms, (that new Pergo stuff or some similar brand is a piece of cake to install and actually looks pretty good... one brand we looked at looks better than our oak floors in our current house which are solid 3/4 inch oak.
Oh, and new vanity and tub in the bathroom (wife wants a whirlpool tub... *sigh*) New toilet, (30 minute job), and finally... the kitchen.

 

[DrPizza]

And, in the spring, I get to put the swimming pool back together... 16x24 Fanta-sea pool with a redwood deck... installing an exterior wood/coal burner and hooking the pool into the system to have a heated pool year-round.

 

[psiu]

So.....update? Are they still being teh dumb?