Another real estate thread

[CoolCruzin]

Don't do it. (someone has to say it )

 

[COCA COLA COWBOY]

So this is what we got yesterday. Thought about it all night and still not sure how I feel about it. Pictures of the house are being taken today and open house Friday. We are taking some risks now but I guess I’m willing to play...

Sometimes I feel like everyone is lying to me to though
View attachment 671225

Cougar? IS she a Cougar?

 

[BHC Vic]

Cougar? IS she a Cougar?

That’s my wife. She’s 6 years older than me. Just our little joke


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[COCA COLA COWBOY]

Let's see pictures of your home. Maybe there is a member that would like to buy it ASAP?

The market is no where near what it was 6 months ago.

So this is what we got yesterday. Thought about it all night and still not sure how I feel about it. Pictures of the house are being taken today and open house Friday. We are taking some risks now but I guess I’m willing to play...

Sometimes I feel like everyone is lying to me to though
View attachment 671225

She is legally bound to submit all offers to the seller, not just one's in escrow or one's without contingencies. The seller may accept a contingent offer with the limitation that your home is to be in escrow within 14 days. Its been happening more often than not lately. If you home is priced right, marketed right, you could be in escrow within 14 days.

Let's see some pictures of your home and get it in front of the group.

 

[BHC Vic]

Let's see pictures of your home. Maybe there is a member that would like to buy it ASAP?

The market is no where near what it was 6 months ago.



She is legally bound to submit all offers to the seller, not just one's in escrow or one's without contingencies. The seller may accept a contingent offer with the limitation that your home is to be in escrow within 14 days. Its been happening more often than not lately. If you home is priced right, marketed right, you could be in escrow within 14 days.

Let's see some pictures of your home and get it in front of the group.

See that’s what I thought. My response to Robert was tell them give me 14 days to sell my house. My wife said I was dumb I thought she had to show them the offer and they had till Thursday to respond. We have a photographer going over to take pictures today or tomorrow latest. I was up till 2am cleaning and finishing trim around the doors. Open house will be Saturday but I’ll be in sd with my wife at a delegates meeting. Pretty hectic but I’m feeling a lot better about it. Big risks = big rewards and you only live once. I’m ready for a little change and norco seems to be what we want

 

[BHC Vic]

So I went by yesterday just to check it out one more time. It’s such an awesome place. I just keep thinking how cool it’s going to be for my kids to grow up there. I talked with the agent and the owners, they gave me the grand tour and I really hope we get it. Fingers crossed for a quick sale of our chino house. Pictures are being taken today open house Saturday and Sunday. I’m listing a little lower than I would like but we gotta make a deal so I’m all in right now

 

[rickym20]

So I went by yesterday just to check it out one more time. It’s such an awesome place. I just keep thinking how cool it’s going to be for my kids to grow up there. I talked with the agent and the owners, they gave me the grand tour and I really hope we get it. Fingers crossed for a quick sale of our chino house. Pictures are being taken today open house Saturday and Sunday. I’m listing a little lower than I would like but we gotta make a deal so I’m all in right now

Sounds exiting, Good Luck to you and your Family on getting this place.

 

[fmo24]

It’s always scary buying and selling real estate. The house we just sold we accepted a contingency from buyer for the sale of her home in LA. We were moving into our RV so were not in any kind of rush or jam if/when issues arose.
There were a few hiccups on her end but it all worked out with diligence from our realtors.

 

[Bigbore500r]

If your thinking small house in back for parents when that time comes, make sure lot is zoned for that.

Also with another kid on th way is the wife really into moving?

Also....make sure it is crystal clear what the expectation is for that guest house. Are you putting them on the deed? If no, can you sub-divide the lot to give them that land, or allow them to purchase that land? If the thought is "im gonna let mom and dad build a guest house in the back and live there, they aren't buying my lot or going on the deed" you are setting yourself up for some potential major issues with extended family, or perhaps even your parents themselves, should they decide they want to stake a claim of ownership on your property / deed.

Went through this myself unfortunately - My dad allowed his mom to pay for and build a guest house on his lot. Well, dad passed away, and grandma filed a cloud on title saying she has a vested financial interest in the property. She isn't on the deed, but now the property is land locked - we can't sell, refi, or do anything without Grandma signing a document lifting that cloud on title. And grandma is influenced by her loser daughter, my dads sister that "failed to launch". What grandma dies with is the only money my aunt will ever end up with, so she's fighting hard to take my moms property any way she can. Tried to drag my mom to court, but she ran out of lawyer money to get it there. My mom could fight it and file a motion to "quiet title" and get the claim removed, but then we have to drag THEM to court and spend lawyer money. The lawyer's take on it is, that if it went to court, the judge would most likely force the sale of the property, divide the funds as they saw fit, and much of those funds would pay the lawyers - everyone loses.

Morale of this long winded story - please do not let ANYONE, even the family you love, build on your property without a 100% bulletproof plan in place on how it will be handled in regards to title / deed. If it's left open to interpret, someone will make your life hell. May not be mom and dad (in my dad's case it was!) but when they pass, it could be their siblings, or extended family, or your siblings.....etc.

 

[lbhsbz]

Not sure what your current place looks like, but I just made the move from a 5000 sq/ft that was pretty much all used and moved to a 8500sq/ft lot and it's fucking awesome. Every time I walk out the back door and see 90 feet between me and the back wall of the property, I just smile. Its nice to have a bit of elbow room.

You'll love it.

 

[Singleton]

Also....make sure it is crystal clear what the expectation is for that guest house. Are you putting them on the deed? If no, can you sub-divide the lot to give them that land, or allow them to purchase that land? If the thought is "im gonna let mom and dad build a guest house in the back and live there, they aren't buying my lot or going on the deed" you are setting yourself up for some potential major issues with extended family, or perhaps even your parents themselves, should they decide they want to stake a claim of ownership on your property / deed.

Went through this myself unfortunately - My dad allowed his mom to pay for and build a guest house on his lot. Well, dad passed away, and grandma filed a cloud on title saying she has a vested financial interest in the property. She isn't on the deed, but now the property is land locked - we can't sell, refi, or do anything without Grandma signing a document lifting that cloud on title. And grandma is influenced by her loser daughter, my dads sister that "failed to launch". What grandma dies with is the only money my aunt will ever end up with, so she's fighting hard to take my moms property any way she can. Tried to drag my mom to court, but she ran out of lawyer money to get it there. My mom could fight it and file a motion to "quiet title" and get the claim removed, but then we have to drag THEM to court and spend lawyer money. The lawyer's take on it is, that if it went to court, the judge would most likely force the sale of the property, divide the funds as they saw fit, and much of those funds would pay the lawyers - everyone loses.

Morale of this long winded story - please do not let ANYONE, even the family you love, build on your property without a 100% bulletproof plan in place on how it will be handled in regards to title / deed. If it's left open to interpret, someone will make your life hell. May not be mom and dad (in my dad's case it was!) but when they pass, it could be their siblings, or extended family, or your siblings.....etc.

The second part it very important!
My MIL’s mom just passed, but grandma allowed her youngest son of 5 kids to build a house on the property. The other 4 kids want to sell the 100 acre farm, but their youngest brother just pulled the same shit you wrote about above. We can not sub-divide the property due to the way the farm is configured and where the house was built. We can divide the farm and what I will call residential area (grandmas old house and her sons place), if all 5 kids approve; guess who did not. My MIL and her other brothers and sisters don’t want to tear the family apart, but each time we get together this comes up and it is going to get real ugly. Since none of the kids / grandkids and great grandkids want to work the land, we are renting it out for now, just like it has been for the last 20 years, since my MIL’s dad passed.

 

[Groper]

Do it Vic, that's a nice place in a great location.

 

[Englewood]

Not to be a downer but sell your house now market is up rent for a couple years things will be coming down, history will repeat itself! People still didn't learn from last time just saying..............

A risky gamble at best. Run the numbers and you will quickly see why that is...VERY FEW make that move and come out ahead.

The fundamentals are different from the last crash. I think we are in store for 5+ years of little to no appreciation. I'd rather lose $70k in equity vs. paying $70k in rent.

 

[Bigbore500r]

A risky gamble at best. Run the numbers and you will quickly see why that is...VERY FEW make that move and come out ahead.

The fundamentals are different from the last crash. I think we are in store for 5+ years of little to no appreciation. I'd rather lose $70k in equity vs. paying $70k in rent.

This is what im struggling with myself. Sell high, buy high, or sell high and rent for a bit, see what market does. Renting after selling is a gamble for sure, the losses incurred in rent and not being able to write that off would be pretty substantial if the market stayed high for years to come

 

[lbhsbz]

This is what im struggling with myself. Sell high, buy high, or sell high and rent for a bit, see what market does. Renting after selling is a gamble for sure, the losses incurred in rent and not being able to write that off would be pretty substantial if the market stayed high for years to come

Renting is stupid if you can avoid it.

When I bought my first house, my Dad told me to simply find something that worked for me that I could afford to make the payments on with a fixed rate loan...and don't worry if the value goes up or down in the short term, because in the long term, it WILL go up. A lot of folks walked away from property back in 2008 or even the previous dip around 2000ish...if they'd have just kept making the payments that they could presumably afford, they'd be back in the black right now...even though they were never really in the red in the first place.

If you're buying investment property, things are different, but for a house to live in...who cares what it's worth if you can afford it?

 

[BHC Vic]

I had calmed down and was feeling much better about everything. Yesterday was my long night so I got home a little after 8. Seeing the sign brought up all kinds of feelings I didn’t know I had. I guess bringing my two boys home here meant more to me than I thought. I hope I’m not messing up. Here’s the house though

 

[BHC Vic]

Oh and if anyone wants the Saturn sitting in my driveway or knows an easy way for me to get rid of it that thing needs to go.

 

[fmo24]

Your current house looks nice. I think you are right though that the new house will be a great place for the kids. All that room to run and play outside

 

[Waffles]

Is this up by the Hidden Valley Golf Course? Lots of big lots in that area.

This one's actually over by correctional facility off 5th.

Vic are you making the right decision? Only you have the answer for that. None of us are going to be paying your mortgage or bailing you out if shtf again......

I'm a "if shit ain't broke, dont fix it" kinda guy and on the Dave Ramsey FPU Plan which is why I haven't bought a house yet. Id rather focus on zeroing out my debt than put myself in a financial situation id be uncomfortable with.


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[BHC Vic]

I wouldn’t say it’s broken but to make it what I want it’s would cost me quite a bit. Mellow yellow vector was spot on with what the back yard alone was going to cost me. I already have the mortgage debt and with the equity I’m rolling over the payment will actually be very close to the same. I Think I’m emotionally attached to the chino house and I just never realized it till now.

 

[BHC Vic]

I also never really put too much thought into professional photos either but geez do they make a huge difference in the way the house pops.

 

[78Southwind]

What's the story with the Saturn? Year and model? Does it run? A buddy of mine has one that he is working on and can't find a cheap head for it.

Oh and if anyone wants the Saturn sitting in my driveway or knows an easy way for me to get rid of it that thing needs to go.

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[BHC Vic]

What's the story with the Saturn? Year and model? Does it run? A buddy of mine has one that he is working on and can't find a cheap head for it.

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02 Saturn sl2 or ls2 not too sure. Was ruining but wouldn’t shift into reverse

 

[BHC Vic]

4 people coming by to see the house tonight. Fingers crossed

 

[78Southwind]

What's the story with the Saturn? Year and model? Does it run? A buddy of mine has one that he is working on and can't find a cheap head for it.

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Any chance of getting a picture of the Saturn? I will send it over to my buddy and see if he is interested in it.

 

[SKIDMARC]

Foot luck with the sale. I just went through the exact same thing 3 months ago.

One word of advise. Make sure to put a camera down the main line. We didn’t and it cost us 7k to replace 40 ft if mail. It’s was our first house we owned a condo before. Live and learn I guess.


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[Joker]

I wouldn’t do it, but I don’t have 3 kids either. You’ll be working until your 60 paying off the mortgage and college tuition.
Keep it simple Vic.


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[BHC Vic]

Any chance of getting a picture of the Saturn? I will send it over to my buddy and see if he is interested in it.

It’s nothing special for sure. Might just end up donating it. Has new tires and ac seems like a shame to junk

 

[78Southwind]

It’s nothing special for sure. Might just end up donating it. Has new tires and ac seems like a shame to junk View attachment 672337

Ok, from your post I thought you wanted to give it a way and get it out of your way. I just know my friend could use the engine or take the transmission from his car and put in your car. These cars aren't worth shit that's why the other one has been sitting for so long it's really not worth fixing unless you get the parts for free.

 

[BHC Vic]

Ok, from your post I thought you wanted to give it a way and get it out of your way. I just know my friend could use the engine or take the transmission from his car and put in your car. These cars aren't worth shit that's why the other one has been sitting for so long it's really not worth fixing unless you get the parts for free.

Yea if he wants it let me kmow. I’m going to call a couple places and see if they want it. Other wise I think pick a part would take it?

 

[78Southwind]

Yea if he wants it let me kmow. I’m going to call a couple places and see if they want it. Other wise I think pick a part would take it?

Ok, PM me your number and I will have him text you.

 

[CobraDave]

Sucks you just put solar on the house. What kind of a return do you think that will give?


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[Melloyellovector]

I love norco, personally I think your making a good choice for the family.
Nicer area, better schools, large property.

I was freaked when I sold my diamond bar house thinking I lived in my own Mecca in the center for all my work. Ended up divorcing less then a year later. But gotta say life hasn’t been better, lol

 

[BHC Vic]

I love norco, personally I think your making a good choice for the family.
Nicer area, better schools, large property.

I was freaked when I sold my diamond bar house thinking I lived in my own Mecca in the center for all my work. Ended up divorcing less then a year later. But gotta say life hasn’t been better, lol

I think we are making a good choice. I like the chino house it’s been great but I’ve always wanted mote land and a nice work shop. Don’t know if it’s just my luck but the pool in norco will need a re plaster soon. But everything else is in pretty good shape. I just figure if I don’t buy something with land now I might not ever get an opportunity

 

[Waffles]

Am I the only that thinks buying a bigger property isn't as great as everyone makes it out to be? Lol

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[ductape1000]

Am I the only that thinks buying a bigger property isn't as great as everyone makes it out to be? Lol

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I’m on a half acre. It is a ton of work to maintain and everything I want to build has to be bigger or it doesn’t fit the scale of the place. My back yard is 115’ wide and 140’ deep. My dogs love the room to run around though and I like having storage room for all my stuff at home. I just wish I had more time and money to enjoy my space I guess.

Congrats Vic on this adventure!! The space and location will be great for your kids to grow and learn. [emoji106]


Sent from a van down by the river. [emoji111]️[emoji41]

 

[Albert]

If Im not mistaken thats also a golf cart community . Norco is a tight niche community. Ask around you will see most people who grow up here end up coming back or never leave. The high school teachers have tons that graduated from Norco. I dont mind the large property I can store my boat and 40’ trailer on the side no problem.

 

[BHC Vic]

If Im not mistaken thats also a golf cart community . Norco is a tight niche community. Ask around you will see most people who grow up here end up coming back or never leave. The high school teachers have tons that graduated from Norco. I dont mind the large property I can store my boat and 40’ trailer on the side no problem.

The lady who owns it has been there her whole life. Grand parents built the house, her dad bought it from them, and she bought it from him. They are in a bad situation which really sucks and it’s forcing the sale. I know it will be more work or more money to maintain but with 3 boys I think it will be cool to teach them a good work ethic. I can store ANYTHING there. The out building for my tools and dirt bikes and stuff and I’ll finally have an office and a shop to finally be able to work on stuff. Hopefully this is our last move or upsize.

 

[COCA COLA COWBOY]

Am I the only that thinks buying a bigger property isn't as great as everyone makes it out to be? Lol

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Nope, my water bill is crazy high because of San Diego. My 3000SF home is an arm and a leg during the summer months to cool. My plan is to be in Carlsbad by next year in hopes of 10 degrees cooler, track house so there are other kids for my son to play with, flatter area so he can ride his bike and scooter without doing 40mph down a hill.

 

[COCA COLA COWBOY]

The lady who owns it has been there her whole life. Grand parents built the house, her dad bought it from them, and she bought it from him. They are in a bad situation which really sucks and it’s forcing the sale. I know it will be more work or more money to maintain but with 3 boys I think it will be cool to teach them a good work ethic. I can store ANYTHING there. The out building for my tools and dirt bikes and stuff and I’ll finally have an office and a shop to finally be able to work on stuff. Hopefully this is our last move or upsize.

I could have swore from old posts you had a newer big track home. I would make that move if I were you too. The back area will be amazing to build half pipes, bike jumps, etc.

Just a heads up, the market has softened and we are seeing a ton of offers getting accepted at $30k plus under list price. It's a buyers market once again!

 

[Cole Trickle]

Am I the only that thinks buying a bigger property isn't as great as everyone makes it out to be? Lol

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Looks like a good set up with the concrete and walled in pool area....Block walls are a bonus

At least he can concentrate on keeping the pool area clean and nice and work towards the rest of the yard.

Looks like a nice place on a good lot

 

[thetub]

thats a nice set up. if Its what you want go for it. for me a large lot is my dream with plenty of room to store things and a small farm or barn.

your wife maybe not so much, but if you both are on board go for it.

If you can sell your house high and buy that house high its a wash except the property tax. (Rod will be happy)

side note to anyone in the market or realtors are things still crazy and multiple offers coming in like before?

 

[BHC Vic]

thats a nice set up. if Its what you want go for it. for me a large lot is my dream with plenty of room to store things and a small farm or barn.

your wife maybe not so much, but if you both are on board go for it.

If you can sell your house high and buy that house high its a wash except the property tax. (Rod will be happy)

side note to anyone in the market or realtors are things still crazy and multiple offers coming in like before?

Yesterday was the first day it was listed. We had 3 appointments to see it and turned away 3 more. Open house today and tomorrow so we will see. I do think it’s goong back to buyers market though

 

[zhandfull]

If you can sell your house high and buy that house high its a wash except the property tax.

That and the commission's that take a bite out of current equity. Be interesting to hear how selling the current house goes with the recently installed solar system. That could take another bite out of perceived equity.

 

[Cole Trickle]

That and the commission's that take a bite out of current equity. Be interesting to hear how selling the current house goes with the recently installed solar system. That could take another bite out of perceived equity.

You will just have to negotiate the panels into the sale....I would want the panels paid off as part of the escrow

They could potentially increase the selling price but I wouldn't count on it when listing.

Solar is awesome I love mine.... With that said it isn't a smart investment to make on a home you are not planning to stay at imho because it eats into real equity.

 

[thetub]

That and the commission's that take a bite out of current equity. Be interesting to hear how selling the current house goes with the recently installed solar system. That could take another bite out of perceived equity.

im sure Vic could work on the guys comish like 1%

panels might be a selling point to the right buyer or turn off to some. As long as the panels are not a lease type deal , which i dont think Vic did.

 

[BHC Vic]

Day one of open house 22 couples. Hopefully get an offer or 2

 

[RVR SWPR]

Gone by Sunday night.Start looking for boxes.

 

[thetub]

Day one of open house 22 couples. Hopefully get an offer or 2

wow 22 wouldnt worry about selling it.

like said get ready for a move in party

 

[BHC Vic]

60 people went by today and I believe got one offer so far