Comments on: When Saying Goodbye to $1030 is a Good Idea http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/ because money doesn't grow on trees Thu, 09 Feb 2012 14:28:55 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Amanda L Grossman http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9304 Amanda L Grossman Sat, 12 Sep 2009 18:42:36 +0000 http://www.mydollarplan.com/?p=958#comment-9304 Beachgirl: Thanks for the comment and thoughts! That was what we negotiated--a home warranty plan that the sellers are paying the first year on (and it includes pre-existing conditions). This satisfied all parties involved. We actually just moved in yesterday, and today just finished cleaning out our old apartment! Whew! Steve: Thanks for the comment; I think it is good that we didn't know how involved the process was (or how exhausted we would be), because maybe we would have waited to buy! Hahaha. Now we are in our home (moved in yesterday!) and are very happy that we put in all of this effort. Beachgirl: Thanks for the comment and thoughts! That was what we negotiated–a home warranty plan that the sellers are paying the first year on (and it includes pre-existing conditions). This satisfied all parties involved. We actually just moved in yesterday, and today just finished cleaning out our old apartment! Whew!

Steve: Thanks for the comment; I think it is good that we didn’t know how involved the process was (or how exhausted we would be), because maybe we would have waited to buy! Hahaha. Now we are in our home (moved in yesterday!) and are very happy that we put in all of this effort.

]]> By: Steve http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9302 Steve Sat, 12 Sep 2009 15:44:10 +0000 http://www.mydollarplan.com/?p=958#comment-9302 Great article. We've bought and sold several homes over the years and I'm reminded of how far an accepted offer really is from closing on the propoerty. For every real estate transaction I've been involved in, there's been a second round of negotiations after the home inspection. Great article. We’ve bought and sold several homes over the years and I’m reminded of how far an accepted offer really is from closing on the propoerty. For every real estate transaction I’ve been involved in, there’s been a second round of negotiations after the home inspection.

]]> By: beachgirl http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9301 beachgirl Sat, 12 Sep 2009 12:14:00 +0000 http://www.mydollarplan.com/?p=958#comment-9301 Inspections are a good idea and well worth the money because even a NEW home can have problems. This happened to my daughter last year and the builder fixed the list of problems on her brand new home. Also, if you are buying a used home, no home is perfect. You are buying used AC and used appliances that might not be as efficient as the ones available now. Upgrading does cost thousands, but that is your choice. Some problems an inspection reveals the owner may never have known about. Some items aren't really a problem either, so why should it be for you if it wasn't for them? Remember the inspector WILL find something to bring to your attention to justify his fee. Be negotiable in your demands, as the seller is trying to get the best deal for themselves, too! Always buy a home warranty, too, (the seller may offer it) because things will happen. It can pay for itself the first time you need it. Congrats and good luck. Inspections are a good idea and well worth the money because even a NEW home can have problems. This happened to my daughter last year and the builder fixed the list of problems on her brand new home.

Also, if you are buying a used home, no home is perfect. You are buying used AC and used appliances that might not be as efficient as the ones available now. Upgrading does cost thousands, but that is your choice.

Some problems an inspection reveals the owner may never have known about. Some items aren’t really a problem either, so why should it be for you if it wasn’t for them? Remember the inspector WILL find something to bring to your attention to justify his fee.

Be negotiable in your demands, as the seller is trying to get the best deal for themselves, too! Always buy a home warranty, too, (the seller may offer it) because things will happen. It can pay for itself the first time you need it. Congrats and good luck.

]]> By: Amanda L. Grossman http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9268 Amanda L. Grossman Mon, 07 Sep 2009 14:52:19 +0000 http://www.mydollarplan.com/?p=958#comment-9268 Hello Bucksome! You are probably happy they are memories:). Although I must say, this is such an exciting time! Thanks for your comment. Hello Bucksome!

You are probably happy they are memories:). Although I must say, this is such an exciting time! Thanks for your comment.

]]> By: Bucksome http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9265 Bucksome Mon, 07 Sep 2009 14:13:37 +0000 http://www.mydollarplan.com/?p=958#comment-9265 You brought back memories from two years ago when we sold and bought homes concurrently. Congratulations on buying your home! You brought back memories from two years ago when we sold and bought homes concurrently.

Congratulations on buying your home!

]]> By: Carnival of Real Estate Labor Day Edition — miOaklandCounty.com http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9264 Carnival of Real Estate Labor Day Edition — miOaklandCounty.com Mon, 07 Sep 2009 12:43:36 +0000 http://www.mydollarplan.com/?p=958#comment-9264 [...] also liked When Saying Goodbye to $1030 is a Good Idea posted at My Dollar Plan. Madison is a consumer who extols the value of the home inspection. She [...]

[...] also liked When Saying Goodbye to $1030 is a Good Idea posted at My Dollar Plan. Madison is a consumer who extols the value of the home inspection. She [...]

]]> By: Happy Labor Day Top 10 | Mortgage Info Today Blog http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9261 Happy Labor Day Top 10 | Mortgage Info Today Blog Sun, 06 Sep 2009 14:27:36 +0000 http://www.mydollarplan.com/?p=958#comment-9261 [...] When Saying Goodbye to $1030 is a Good Idea at My Dollar Plan – Some expenses are totally worth it when you’re buying a new house. [...]

[...] When Saying Goodbye to $1030 is a Good Idea at My Dollar Plan – Some expenses are totally worth it when you’re buying a new house. [...]

]]> By: Carrie http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9251 Carrie Fri, 04 Sep 2009 21:42:44 +0000 http://www.mydollarplan.com/?p=958#comment-9251 Hello Carrie! Thanks for the comment--and congratulations on your new home! Houston seems to be a great market for cheap real estate (this is compared to the Northeast, which is where I am from). We do have a lender, and we have the option of floating our locked interest rate down by 0.375%, but we will not find out until closing day (this Thursday!) Keep reading, and thanks for the comment. Hello Carrie!

Thanks for the comment–and congratulations on your new home! Houston seems to be a great market for cheap real estate (this is compared to the Northeast, which is where I am from). We do have a lender, and we have the option of floating our locked interest rate down by 0.375%, but we will not find out until closing day (this Thursday!)

Keep reading, and thanks for the comment.

]]> By: Carrie http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9249 Carrie Fri, 04 Sep 2009 14:03:32 +0000 http://www.mydollarplan.com/?p=958#comment-9249 We too just bought a home in Houston! I didn't realize how much money we would spend before closing (earnest money, inspections, etc). I can recommend a lender if you don't have one already (no relation or anything but she got us a great rate - .375% lower than anyone else could offer). Email me if you want her contact info. It pays to shop around. We too just bought a home in Houston! I didn’t realize how much money we would spend before closing (earnest money, inspections, etc). I can recommend a lender if you don’t have one already (no relation or anything but she got us a great rate – .375% lower than anyone else could offer). Email me if you want her contact info. It pays to shop around.

]]> By: anonymous http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9248 anonymous Thu, 03 Sep 2009 21:48:42 +0000 http://www.mydollarplan.com/?p=958#comment-9248 Very interesting article. You bring up some great points. And yes, upfront, the fees seem astronomical, but definitely worth every penny you spend ... especially when you can use the inspection to negotiate a lower price on the house. Congrats on your new home!!! Very interesting article. You bring up some great points. And yes, upfront, the fees seem astronomical, but definitely worth every penny you spend … especially when you can use the inspection to negotiate a lower price on the house. Congrats on your new home!!!

]]> By: Amanda http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9247 Amanda Thu, 03 Sep 2009 21:41:49 +0000 http://www.mydollarplan.com/?p=958#comment-9247 Anon: Good point! Since this is our first home, honestly I don't know who is paying what at this point:). Thanks for reading and commenting! basicmoneytips: Ouch! I am sorry to hear that. That is great information--inspection first! After our inspection, when we thought we might have issues negotiating certain things, we thought we were going to have to walk. The idea of losing $700 was awful, but if we had to do it, we would have. Fortunately everything worked out! Anon: Good point! Since this is our first home, honestly I don’t know who is paying what at this point:). Thanks for reading and commenting!

basicmoneytips: Ouch! I am sorry to hear that. That is great information–inspection first! After our inspection, when we thought we might have issues negotiating certain things, we thought we were going to have to walk. The idea of losing $700 was awful, but if we had to do it, we would have. Fortunately everything worked out!

]]> By: basicmoneytips http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9246 basicmoneytips Thu, 03 Sep 2009 20:44:49 +0000 http://www.mydollarplan.com/?p=958#comment-9246 The home inspection is a no brainer, you always want one. Its great for peace of mind but also to protect your investment. However, I will share with you what happened to me once. I got the appraisal (around $300 I think) and then got the inspection. Something major came up and the seller would not work with me on it, so I walked away. I was out the appraisal and home inspection cost (around $650 I think). Rule: Always get the inspection first, before the appraisal or survey (if you get one). Thanks! The home inspection is a no brainer, you always want one. Its great for peace of mind but also to protect your investment.

However, I will share with you what happened to me once. I got the appraisal (around $300 I think) and then got the inspection. Something major came up and the seller would not work with me on it, so I walked away. I was out the appraisal and home inspection cost (around $650 I think).

Rule: Always get the inspection first, before the appraisal or survey (if you get one).

Thanks!

]]> By: anon http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9243 anon Thu, 03 Sep 2009 16:37:47 +0000 http://www.mydollarplan.com/?p=958#comment-9243 Look on the bright side Amanda, how do you think the seller feels about paying hundreds of dollars for YOUR title insurance policy? Y'all may have negotiated differently but typically in Texas the sellers pay for the owner's title policy and the buyers pay for the inexpensive one that covers the lender. Look on the bright side Amanda, how do you think the seller feels about paying hundreds of dollars for YOUR title insurance policy? Y’all may have negotiated differently but typically in Texas the sellers pay for the owner’s title policy and the buyers pay for the inexpensive one that covers the lender.

]]> By: Amanda http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9242 Amanda Thu, 03 Sep 2009 15:39:55 +0000 http://www.mydollarplan.com/?p=958#comment-9242 Hey guys! Thanks for the comments. We are now up to $1230 in costs, but I agree--these are costs that will pay themselves back in the future. Hey guys!

Thanks for the comments.

We are now up to $1230 in costs, but I agree–these are costs that will pay themselves back in the future.

]]> By: BluSky http://www.mydollarplan.com/when-saying-goodbye-to-1030-is-a-good-idea/#comment-9233 BluSky Thu, 03 Sep 2009 00:39:24 +0000 http://www.mydollarplan.com/?p=958#comment-9233 1st: Homeownership is a uniquely liberating experience. I'm happy for you and your fiancee. 2nd: Surveys, appraisals, elevation certificates, pest inspections, roof inspections, etc., are worth every penny you pay for them. They provide piece of mind which is good. More importantly though, they provide an avenue for legitimate litigation should a problem arise later as a result of a faulty inspection. For that reason, I would not use anyone that did not have Errors and Omissions insurance. 1st: Homeownership is a uniquely liberating experience. I’m happy for you and your fiancee. 2nd: Surveys, appraisals, elevation certificates, pest inspections, roof inspections, etc., are worth every penny you pay for them. They provide piece of mind which is good. More importantly though, they provide an avenue for legitimate litigation should a problem arise later as a result of a faulty inspection. For that reason, I would not use anyone that did not have Errors and Omissions insurance.

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