[Updated - resolved] Home purchase has turned into a bidding war...any realtors here?

[Yossarian]

I hope that's an inspection to determine if the condition of the property is as-agreed, and not the general inspection to check the roof, plumbing, etc.! (btw updates go in the first post )

 

[Aharami]

congrats on the new house. and now lets see pics. of the house AND your wife

 

[Rufio]

Originally posted by: Snatchface
Well it's over. Signed and all. Now just the inspection is left...and man am I going to rake them over the coals on that inspection. It better be spit-polished.

congrats friend!!

 

[mugs]

Originally posted by: Hammer
did you watch apprentice? did you see how troy was playing people? the smartest guy was the one who told troy he was being scammed and walked away. BE THAT GUY!

Uh... but Troy wasn't scamming him. The other couple was ready to sign for $35,000, he wasn't just going to give it to the other guy for $35,000. $38,500 wasn't unreasonable to ask, seeing as that Trumps people said the going rate was $40,000, and Nick and Amy rented it for $40,800. I agree with you on one point though, I WOULD like to be a guy who could spend $35,000 to rent an apartment for one night.

 

[spacejamz]

Originally posted by: FrankyJunior
What reason would you possibly have to Not use a Realtor when Buying a house? There is no reason not to. They have access to all the properties before they ever hit the market, they know the business and know many things about what to look for and how things work, etc.

You don't save any money by not using a realtor but you do have the opportunity to get a lot more houses since they are the ones that have access to the actual databases with the houses for sale. The ones you find online are outdated instantly because many houses for sale never even make it into the system because they are sold by one Realtor in a company and bought by a different Realtor in the same company and the house enver get sout of their own system.

Not using a Realtor to SELL a house is one thing because you have to pay the fees to them when doing that. But not using one to BUY a house... I don't know of any reason why you wouldn't. Unless you were buying a house that was FSBO and you were buying it yourself... but then you still need to get a lawyer and such anyway if you want to protect your ass.

maybe our situation was unique, but one weekend we were just out looking at houses (nothing really serious, we had not contacted any realtors at that point either)...

anyway, we got lucky and found a brand new spec house that we we ended up buying...since we didn't use a realtor, the builder threw $5k towards our closing costs since that money would have probably gone to a realtor)...

 

[DrPizza]

Congratulations.

I wasn't one of the ones who said "walk away" I was close, but couldn't make up my mind. That's a really tough choice to make - risk getting screwed over by an unethical company vs. missing a big chance to be happy with a purchase decision. I'm glad you found out that they seemed sincere that there was another buyer interested - that'll keep away those feelings of doubt.

 

Originally posted by: Snatchface
Well it's over. Signed and all. Now just the inspection is left...and man am I going to rake them over the coals on that inspection. It better be spit-polished.

Most states don't require any qualifications to do home inspections.

I call agents "stealtors" for a reason.

 

[db]

You might also want to consider pushing for a better than average home owner's warranty--often they don't cover that one thing that needs repair.

Also have the home inspector get their lazy ass up into the attic. You can't believe some of the stupid things former home owners do with the electric, etc. Often the inspecter will just stick his head up through the access hole and look around with a flashlight and that's it.
Anything that's not up to code is your headache (& expense) later if it's not caught *now*.

Good luck and enjoy your new home