I Just Offered $325k For A 3 Bedroom House That I Have Never Seen In Person

"FTTOHG Has Moved to https://opposite-lock.com" (alphaass)
04/27/2018 at 22:18 • Filed to: None

In a different state. In a small town the middle of nowhere. This has potential to end ruinously. I will never again say anything negative about those of you who buy cars sight unseen and road trip them home.

DISCUSSION (32)

Highlander-Datsuns are Forever > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:29

Well ummm good luck! I would never do that. Once we rented a house sight unseen but had a friend check it out for us.

jimz > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:29

so, you’re not exactly hurting for money, then.

WilliamsSW > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:35

They’re asking $800k and you lowballed them right?

DipodomysDeserti > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:43

$325k for a three bedroom house in the middle of nowhere in the Southwest? Does it come with a bunch of property?

FTTOHG Has Moved to https://opposite-lock.com > DipodomysDeserti
04/27/2018 at 22:46

No:

Kinja'd!!!

FTTOHG Has Moved to https://opposite-lock.com > WilliamsSW
04/27/2018 at 22:48

I wish. Asking $335k. The market is tight and nothing is staying listed for more than a month or so.

Dr. Zoidberg - RIP Oppo > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:50

Wish I had got that one house...

Tristan > jimz
04/27/2018 at 22:52

$325k gets you a doublewide next to a crack house in the Portland area...

Tristan > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:53

Things around me tend to stay listed for about 5 minutes. By the time it hits Zillow and you put in a call to your agent, it has 5 offers.

FTTOHG Has Moved to https://opposite-lock.com > Dr. Zoidberg - RIP Oppo
04/27/2018 at 22:54

I seriously hate these fast moving markets right now. I guess it’s good for sellers but if you’re buying you don’t really have time to think through the purchase before it’s gone.

Grindintosecond > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 22:56

The bank demands inspections. Get insurance and the 1 year warranty. If Anything goes wrong, there’s all sorts of legal action you can take for misrepresentation by the seller, the inspector, the lender, etc. and if its not that bad, then you have the warranty to fall back on to fix anything in that first year.

FTTOHG Has Moved to https://opposite-lock.com > Highlander-Datsuns are Forever
04/27/2018 at 22:59

Yeah so like the title says I haven’t seen it in person. We actually had a friend we trust go do a showing and live stream it back to us. I think it worked pretty well TBH. We have a much better idea of size of things and how good of shape it’s in now. But it still seems crazy to be committing. spending so much money without actually seeing the place in person.

PatBateman > FTTOHG Has Moved to https://opposite-lock.com
04/27/2018 at 23:32

Kinja'd!!!

FTTOHG Has Moved to https://opposite-lock.com > PatBateman
04/27/2018 at 23:35

Because I am an idiot? Longer story is I start a new job in a month and a half and need somewhere to live. I didn’t do enough research before accepting the offer to realize how tight the market is (because I am an idiot). So instead of doing the smart thing and going on a house hunting trip I decided that this house looked like I could live in it without going insane and would probably be gone by the time I got there to see it so I just made an offer.

FTTOHG Has Moved to https://opposite-lock.com > jimz
04/27/2018 at 23:58

At the moment no. So I’ve decided to spend all of it on a weird blue house in a subdivision on a remote mesa in northern New Mexico that I’ve only seen pictures and video of because of a job I’ve accepted but have very few actual details about yet somehow an old friend convinced me that I needed to come join him at. If this goes wrong I will be in the not too distant future.

BigBlock440 > Tristan
04/28/2018 at 00:20

$325k gets you 4,000 sq. ft. and a couple acres in most of the rest of the country.

Tristan > BigBlock440
04/28/2018 at 00:24

Trust me, if it weren’t for my desire to raise my kiddos near family, I’d be living on several acres literally ANYWHERE else.

R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet > Tristan
04/28/2018 at 00:26

same here in Nashville

Nick Has an Exocet > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 00:45

That seems like an okay price to my broken brain. I’ve been browsing Zillow but I’m stuck in California so that is what it is. Not that I have any money for it. I put in two job descriptions today for direct reports who will probably get their salaries pegged above my own. The world is cruel.

Does the new place have room for many cars?

FTTOHG Has Moved to https://opposite-lock.com > Nick Has an Exocet
04/28/2018 at 01:05

It’s a good price for the house and area but it still just stikes me as an absurd amount of money to spend without seeing it in person for anyone who isn’t a millionaire. Two car garage and driveway space for two so it’ll work. I made two car garage a must. But I won’t have money for many cars for a while now.

Nick Has an Exocet > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 01:16

Not bad - especially for an area that’s near to anything convenient.

Yeah, that’s a pretty wacky purchase.

FTTOHG Has Moved to https://opposite-lock.com > Nick Has an Exocet
04/28/2018 at 02:06

Locations is driving house prices where I’m looking. There is one big employer in town and the next town is basically 45 minutes away. The employer is hiring now and the town is stuck on a mesa with no room to grow. So it’s either pay to live in town or commute.

merged-5876237249235911857-hrw8uc > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 07:58

I’d love to assuage your fears and say it will work out great, but... no. Just no. We’ve been looking at houses for the past 6 years on and off and one thing I would never do is buy without walking through the house. Pictures lie. Or at least look better than in person. Almost every time. There was one or two homes, out of the past 50 or so we’ve looked at that we actually said the photos didn’t do the house justice, but mainly it’s been the opposite. Especially when it comes to the exterior condition of the home. We’ve looked at enough homes that are a certain age where we know if the windows haven’t been addressed, they will be rotted. But the photos still look great. Heck, I’ve even seen listings pop up and they look great, so I drove buy the place and it is super beat up, but it didn’t come across in the photos.

If you’re taking new build, then no worries, but otherwise, just no. Please tell me you’ve at least got an inspection for the place? That will at least catch the big stuff.

merged-5876237249235911857-hrw8uc > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 08:00

At least you had somebody with eyes on it. Still dicey, but better than nothing.

merged-5876237249235911857-hrw8uc > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 08:05

We have those areas around us in Metro Detroit. There are listings that pop in certain neighborhoods that you think, yeah it’ll be sold by the weekend. And sure enough they do. Then a neighborhood less than a mile away, homes will sit for months. Amazing really.

jimz > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 09:04

Oh, I thought maybe you were placing a bet on a potential real estate boom somewhere.

FTTOHG Has Moved to https://opposite-lock.com > jimz
04/28/2018 at 09:40

Oh I wish. I have to live in this.

FTTOHG Has Moved to https://opposite-lock.com > merged-5876237249235911857-hrw8uc
04/28/2018 at 09:43

Yes we will get an inspection and as I think you saw in another comment we had a friend we trust go through it. So he was looking for things that’s might look better in photos than real life. But I agree it’s still super risky.

GLiddy > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 14:43

It’s fine as long as you put a contingency in your offer, “subject to professional inspection”, or some such language. You can nearly be completely off the hook if the seller counters, which you can reject out-of-hand after you’ve taken the opportunity to go look at the property.

There’s a thousand ways out of a real estate deal, and usually just a single, tortuous way into one. You haven’t gone to closing so whatever you’ve done can be undone, you just might lose a little earnest money if you offered that.

Die-Trying > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 18:10

no worries, you can scrap it for that EASILY...........

merged-5876237249235911857-hrw8uc > FTTOHG Has Moved to https://opposite-lock.com
04/28/2018 at 20:46

You should be good though. Having eyes on it is the biggest thing. It’s amazing how good they can make homes look in photos.

FTTOHG Has Moved to https://opposite-lock.com > merged-5876237249235911857-hrw8uc
04/29/2018 at 01:08

Thanks. I’m still a little nervous about it but I’m feeling better today. I trust the people I have looking at it for me.