Posted on 07/10/2006 7:43:50 AM PDT by toaster
Yes but that could kill many a deal. So many do not.
You can't swing a cat around here without hitting a McMansion. Who wants to buy all those things? I'd rather have a smaller house on a lot more property.
One of our electricians applied for a job w/ a bigger company that works track homes. He said that one of their back rooms was full of illegals and someone was trying to show them how to rope wire through a house. Then they send them out on the job.
Speaking of gold, I got out of NEM at 54.5 after a nice ride but I am now seeing some expectations of it going up to 75 even though gold peaked at 725.
If there has been a flatlining or correction in the real estate markets, it hasn't hit Seattle where median home prices continue to skyrocket.
S&P Changes Outlook On Toll Bros To Stable
2:29 (Dow Jones) S&P affirms its triple-B-minus ratings for Toll Brothers (TOL) but revises its outlook to stable from positive. It also affirms ratings on about $1.1B of senior unsecured notes issued by Toll Brothers Finance and $350M of senior subordinated notes issued by Toll Corp. "The outlook revision is due to negative new order trends that have been deeper and broader than anticipated during the early stages of the overall housing market correction, precluding an upgrade in the near term," says S&P credit analyst James Fielding. (MCN)
We did have the home inspected. But the inspection doesn't cover simple things like a range hood that actually vents outside, an exhaust fan in a bathroom, light switches you can reach without having to walk halfway into a room, installing the cheapest low flush toilets that make you flush in stages to clear out your number two so they don't clog, etc.
KB homes are poorly designed and constructed. Almost every electrical fixture, plumbing fixture, switch, outlet,etc. were the cheapest that could be installed and still meet code. I have replaced three plumbing fixtures, two light fixtures, two wall outlets and four wall switches in less than three years.
There was little, if any thought applied to the installation of certain items in the house.
This was our first home purchase, so there were a few things (mostly convenience items) that went unnoticed. Especially considering that we were moving off base and needed a home in hurry.
However, I still signed the paper, and that's the main reason I didn't enlist in the lawsuit that was being filed. I have learned a lot from this purchase and believe me, the next seller is going to hate me after I get done looking.;-)
Cheers,
SZ
Just some friendly advice. When we purchased our first home, the seller was a realtor and she thought this would go smoothly. I insisted on a survey, and our realtor plus the seller tried to talk us out of it, and they didn't want us to get an attorney.
In selling us our property, we were buying three lots, with the house situated in the middle lot, the carport and driveway in the last lot.
The selling realtor had the papers draw up that showed we were only buying two lots. At the time of closing, our surveyors weren't quite done and kept in contact with our lawyer, give him fifteen minute updates so that we could close the minute the survey was done. And the surveyors ran into a discrepancy.
There was a problem. The county records only listed the property as two lots, and this is the paperwork that the seller had based the sale upon. The records were in error and had never been amended since the fifties.
The point is, if we hadn't had a surveyor and an attorney, we would have assumed that all three lots were included. We would have bought a house without the carport or our driveway, with no access to the road. Simply put, this was fraud. The selling realtor counted upon us not paying attention.
Lesson learned. ALWAYS get a survey and a home inspection. It costs more, but it can really save in the long run. And lastly, I will NEVER trust realtors. They are just salesmen, afterall.
ROTFLMAO! I hire NO illegals for anything, ever, period!
Sounds like a good short to me.
Zillow overprices some homes. I have noticed it even on my last remaining California home. They are high by 120,000.
And those were good paying American jobs just a few years ago.
Take the license of the selling realtor. I sure as hell would!
The next one you buy, FReepmail me first: )
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