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Forum » Just bought a house virtually, did I dun goof?
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Thread: Just bought a house virtually, did I dun goof?

post 1660033913 04-21-2022, 01:31 PM
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Just bought a house virtually, did I dun goof?

Had a real estate agent show us the house over facetime and we put an offer on it. We couldn't fly out as our area of interest is across the United States and we're tied down at the moment with our lives here. We have jobs waiting for both my wife and I once we get there in a few months. It's in a very high demand area with 9-10/10 schools, low crime, and located right outside of a major city.

This wasn't the first house that we put an offer on, but it became clear that sellers were receiving 20+ offers within the first two days of putting the house up for sale. We were outbid several times on a few other houses by $20-30K even though we offered way over asking price. One house that we were interested in was put up for $280K and got sold for $80K over asking price. The sellers are literally making close to $200K profit if they bought their house in 2016 and were to sell it now.

So, on this house, we offered $50K over asking price, coverage of $15K of seller's fees, and full taxes for the year ~$3.5K. Apparently, they received 28 offers, some of which were higher than ours. The house was appraised at $55K over asking price. Did we dun goof or did ok?




For your time
Spoiler!
post 1660034043 04-21-2022, 01:32 PM
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Did you get the 60% discount boyo?
Everything I post is satire.
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post 1660034343 04-21-2022, 01:37 PM
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Feel ya, just won my first bid in Philly.
Listed 285, Won for 310k over 10 other offers, beat 1 higher than me based on down payment and letter, waived inspection.
Somehow this is me "winning" lmao
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post 1660034363 04-21-2022, 01:38 PM
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Originally Posted By N0stradamus⏩
Did you get the 60% discount boyo?
Nah I'm all about dat tree fiddy number
post 1660034643 04-21-2022, 01:41 PM
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Originally Posted By FlexLex⏩
Feel ya, just won my first bid in Philly.
Listed 285, Won for 310k over 10 other offers, beat 1 higher than me based on down payment and letter, waived inspection.
Somehow this is me "winning" lmao
It's a small step up from NJ but I'd still consider it a win.

post 1660035263 04-21-2022, 01:49 PM
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I assume you've spent some time in the area? The home itself isn't all that important as long as it's not some crackhouse or something, as long as you like where you live.
post 1660035653 04-21-2022, 01:55 PM
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Let me guess, Another east sider moving to the west side
post 1660035673 04-21-2022, 01:56 PM
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I don't know what market, but Texas at least has been insane. I don't think you should have bid on a house unseen but it's not uncommon these days, with out of town yanks and cali scum rushing to Texas.

From my perspective, I looked at maybe over a dozen houses, recently. A lot didn't feel right or live up to the pictures -- most, even.
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post 1660036223 04-21-2022, 02:05 PM
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Post deleted by user
post 1660036493 04-21-2022, 02:10 PM
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please share this magical place in the US with houses listed at $280K that is a "high demand area with 9-10/10 schools, low crime, and located right outside of a major city." srs i will buy over facetime too
post 1660036523 04-21-2022, 02:11 PM
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I can't even fathom the level of autism and laziness it would take to buy a car, let alone a house over the internet



Spoiler!
Are you fukking retarded
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post 1660037223 04-21-2022, 02:27 PM
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Buy high, sell low. It's the miscer way.

The market is 100% going to crash this year and brahs still buying houses sight unseen for over asking.

Good luck.
post 1660037413 04-21-2022, 02:31 PM
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Originally Posted By blissful88⏩
I can't even fathom the level of autism and laziness it would take to buy a car, let alone a house over the internet



Spoiler!
Are you fukking retarded
How is it laziness? Houses are lasting less than a day before they’re under contract.

It’s not like you can schedule a walk through and mull it over for the weekend
post 1660037963 04-21-2022, 02:41 PM
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Originally Posted By soaponarope1⏩
I assume you've spent some time in the area? The home itself isn't all that important as long as it's not some crackhouse or something, as long as you like where you live.
We have not been to the area, but we are moving there because my wife is contracted there for the next 4 years. It'll be a 10 minute drive for the both of us to get to work.
Originally Posted By Berts⏩
Let me guess, Another east sider moving to the west side
MidWest
Originally Posted By JUSA⏩
I don't know what market, but Texas at least has been insane. I don't think you should have bid on a house unseen but it's not uncommon these days, with out of town yanks and cali scum rushing to Texas.

From my perspective, I looked at maybe over a dozen houses, recently. A lot didn't feel right or live up to the pictures -- most, even.
We'd probably come off scummy to the people there, but at least we're very family-oriented.
Originally Posted By ymer⏩
Why the hurry to buy a house at the top.

Can't you guys just rent for a year or two until things are not stupid crazy?
We could have rented first, and I proposed the idea but she was worried about the continued projected increase in prices. For her it was now or never, and why waste money on rent instead of investing in something that's inflation-resistant.
Originally Posted By textgod⏩
please share this magical place in the US with houses listed at $280K that is a "high demand area with 9-10/10 schools, low crime, and located right outside of a major city." srs i will buy over facetime too
The $280K is the next neighborhood over which serves as a buffer zone from city-dwellers and its crime. Our house was listed for low $300Ks.
Originally Posted By blissful88⏩
I can't even fathom the level of autism and laziness it would take to buy a car, let alone a house over the internet



Spoiler!
Are you fukking retarded
It's not bad, the agent literally searched the basement walls for cracks. We read the report on the house, it was never flooded or anything. It's got hardwood floors, black tile in the kitchen, decent sized bedrooms, looks very modern, there's a separate 2 car garage and about .4 acre of land.

post 1660038473 04-21-2022, 02:48 PM
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whatever happened with your wife and her job at the hospital, did they make her jab?
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post 1660039613 04-21-2022, 03:06 PM
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You dun goofed comrade
I probably banged your mom.

Eat the whole animal like a real man.
post 1660040383 04-21-2022, 03:22 PM
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Originally Posted By seksi⏩
The $280K is the next neighborhood over which serves as a buffer zone from city-dwellers and its crime. Our house was listed for low $300Ks.

It's got hardwood floors, black tile in the kitchen, decent sized bedrooms, looks very modern, there's a separate 2 car garage and about .4 acre of land.

ok please share this magical place in the US with houses listed at low 300's that is a "high demand area with 9-10/10 schools, low crime, and located right outside of a major city."

dont need your future address or anything and you can PM me if you want to keep it a secret but its not like i can outbid you now... just genuinely curious about where this perfect sounding place is. i'm guessing somewhere in Texas? suburb of San Antonio/Houston?
post 1660041413 04-21-2022, 03:41 PM
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I hope it works out for you OP if you end up closing on it. Personally I would insist on having some time in the area first- bare minimum a couple of weeks, better would be to rent for awhile even if it is an AirBNB for a few months.

It is hard to judge things like neighborhood demographics, traffic patterns, and best location for the sorts of things you like without visiting in person.
Originally Posted By JUSA⏩
I don't know what market, but Texas at least has been insane. I don't think you should have bid on a house unseen but it's not uncommon these days, with out of town yanks and cali scum rushing to Texas.

From my perspective, I looked at maybe over a dozen houses, recently. A lot didn't feel right or live up to the pictures -- most, even.
Houses do have a vibe. Sometimes a smell too.

We had a rental in Garland that had an unsettled sort of angry vibe as if a lot of conflict happened there. A house we sold before going to MI still had a smell sometimes despite everything I did to fix it.
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post 1660041483 04-21-2022, 03:41 PM
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Originally Posted By IronILLinois⏩
whatever happened with your wife and her job at the hospital, did they make her jab?
It was either that or lose her already-secured career track. She ended up getting two jabs even though she's pregnant. She made it through, she's due in a month. They did fire 6 of her co-residents for not getting vaccinated though.

I know you're a neutral-centered miscer, or rather you just don't post your true feelings. I kinda feel bad about the non-PC stuff I had said before my ban, so I will own up to it. I'm sorry about all those derogatory race discussions; I really don't hate anybody and I got carried away.
Originally Posted By OT2000⏩
You dun goofed comrade
explain
house was appraised for $5k more than what I offered if disregarding the $15K in seller's fee & half a year's worth of taxes
Originally Posted By textgod⏩
ok please share this magical place in the US with houses listed at low 300's that is a "high demand area with 9-10/10 schools, low crime, and located right outside of a major city."

dont need your future address or anything and you can PM me if you want to keep it a secret but its not like i can outbid you now... just genuinely curious about where this perfect sounding place is. i'm guessing somewhere in Texas? suburb of San Antonio/Houston?
It's in Wisconsin
post 1660041903 04-21-2022, 03:49 PM
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Originally Posted By katya422⏩
I hope it works out for you OP if you end up closing on it. Personally I would insist on having some time in the area first- bare minimum a couple of weeks, better would be to rent for awhile even if it is an AirBNB for a few months.

It is hard to judge things like neighborhood demographics, traffic patterns, and best location for the sorts of things you like without visiting in person.

Houses do have a vibe. Sometimes a smell too.

We had a rental in Garland that had an unsettled sort of angry vibe as if a lot of conflict happened there. A house we sold before going to MI still had a smell sometimes despite everything I did to fix it.
Thank you.

I agree, nothing will beat being there in person. However, I did do a whole lot of research on the area, from crime, to flooding, noise, schools, grocery stores. It wasn't a spur of the moment type thing. I've been looking up houses there for months now. If the program directors of residency programs live there, it must not be a bad neighborhood. We also got lucky in that we're a few blocks from a lake with a nice wooded area - and we just love going for walks with the kids. The real estate agent was very helpful; she would note if there was a musty smell, if she saw mold anywhere, cracks in the walls, water in the basement or if the floors were creaky. She even lives in the neighborhood herself.
post 1660042053 04-21-2022, 03:51 PM
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Just did the same thing on a beach condo investment property.
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post 1660043373 04-21-2022, 04:23 PM
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Originally Posted By natypes⏩
Just did the same thing on a beach condo investment property.
Going to AirBnB/VRBO it? It'd be nice to just have someone else arrange the cleaning, and manage the inventory checklist for you so you can just pull passive income and not even have to live close by.
post 1660043853 04-21-2022, 04:31 PM
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[QUOTE=seksi post_id=1660033913]Had a real estate agent show us the house over facetime and we put an offer on it. We couldn't fly out as our area of interest is across the United States and we're tied down at the moment with our lives here. We have jobs waiting for both my wife and I once we get there in a few months. It's in a very high demand area with 9-10/10 schools, low crime, and located right outside of a major city.

This wasn't the first house that we put an offer on, but it became clear that sellers were receiving 20+ offers within the first two days of putting the house up for sale. We were outbid several times on a few other houses by $20-30K even though we offered way over asking price. One house that we were interested in was put up for $280K and got sold for $80K over asking price.[b]The sellers are literally making close to $200K profit if they bought their house in 2016 and were to sell it now. [/b]

So, on this house, we offered $50K over asking price, coverage of $15K of seller's fees, and full taxes for the year ~$3.5K. Apparently, they received 28 offers, some of which were higher than ours. The house was appraised at $55K over asking price. Did we dun goof or did ok?

[img]https://i.imgur.com/UIm7dMw.gif[/img]


For your time
[b]Spoiler![/b][SPOILER][img]https://i.imgur.com/vy3BzRv.gif[img][/SPOILER][/QUOTE]
You do know they'll have to turn around and pay that much extra for a house of equivalent stature when they move.... so they didn't actually profit sh*t unless they're downgrading their lifestyle.
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post 1660069483 04-22-2022, 07:00 AM
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Originally Posted By seksi⏩
Going to AirBnB/VRBO it? It'd be nice to just have someone else arrange the cleaning, and manage the inventory checklist for you so you can just pull passive income and not even have to live close by.
I am, it will be completely passive. My kids are grown so I won't even need it in the summer so it can just make me money. Projections are $30-35k/yr.
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post 1660069663 04-22-2022, 07:04 AM
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Originally Posted By SoutheastBeast1⏩
You do know they'll have to turn around and pay that much extra for a house of equivalent stature when they move.... so they didn't actually profit sh*t unless they're downgrading their lifestyle.
…Or if it’s an investment property
post 1660069793 04-22-2022, 07:09 AM
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$50k over asking price, not sure if balling or CUCKED or taking it in the ass with no lube. Glad I don't have family, I'll sit and wait till **** falls off or just be a rentcel the rest of my life. Absolute raped.
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