Why would anyone want to take a contingency?
sunfeather
7 years ago
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nosoccermom
7 years agoRelated Discussions
Anyone want to take a guess on PAINTING this old house?
Comments (15)You should be able to get a few dollars for the scape siding. A good paint job on a home is all about the preparation. Wood that old will have to really be looked over and sand, calk, fix bad areas. A good, honest painter won't take short cuts and wants to look good for a job that big. Also, a good quality paint is not cheap but will give you years of protection for your home. The paint alone will be 25-40 dollars a gallon, depending how much of a discount the painter gets from the paint store. So go to the paint store and talk to them about this job. They will make some recommendations on different paints, preparation, give you an idea of coverage per gallon. Then figure out the sq footage of the job so you can see how much the contractor is going to charge for labor. Read up on the different brands of paint, etc..I went with Porter Paints on a big fence job I had to paint and I am very happy with that paint brand. But there are several good brands out there. Some painters have their own favorites so if you painter suggests a certain brand ask him why he likes that brand. Get some recommendations for good painters and at least 5-7 bids. Good luck!...See Morexpost. Would you accept a contingency offer?
Comments (18)Its very complex and I am not saying there is a right answer. I would probably accept a contingency offer on a rental property I held for twenty years because what is a few more months if I get $20K more out of the deal? Why the big hurry? I was actually ready to offer full asking on this property (since I was making a contingency) and the realtor said "don't do it, the house isnt worth that and the other offers are *really *low. However, I would not accept a contingency offer on my primary residence at this time. On the other hand, I verbally made a contingency offer on a property that was not accepted because it was a contingency. However, at closing, I would have given the owner a check for the full amount. That particular house has "sold" THREE times since I made my offer, and all of them fell through because they could not get the proper financing to seal the deal and renovate. I didnt need financing. I looked at the house again the third time it entered the market, I am no longer interested. For what its worth I would be shocked if the current owner had 1/10th the market value invested in the home Total compared to the current asking price. These are the differentials we are talking here. I looked at a house that I had to sign a waiver that if I was injured I would not sue the realty company. It is listed at 100x what the current owner paid in 2002. Not all of what is going on around where I live is just simple economics. (I wasn't interested in that one, I was just trying to see what stunt the current owner was trying to pull.) This house is on the market years later--he will *never get what he wants. Its not simple increasing values, there is still greed out there. So would I want someone to accept a contingency offer on certain types of property? Sure. Would I accept one on my own property in most cases? Probably not. :)...See MoreVent - why doesn't anyone want my business? : (
Comments (15)I own a small kitchen cabinet showroom and I would take your business! I can give you some insight however to the problems you are facing. First of all, buying one cabinet isn't the issue. For me, the delivery is. I use a local service and for me to deliver one cabinet (up to 5) the cost is $250. A whole kitchen costs $350, but no more than $550. To add that cost to the cost of the cabinet, is usually cost-prohibitive. I fortunately, have as my business partner, a contractor with a truck who will do these smaller deliveries for me. However if it is a larger cabinet, he needs another man, who must be paid, and the problem starts again! As far as countertops, kitchen cabinet showrooms usually do not fabricate their own tops. The way this works is, I as the owner, am charged one price, and then I am supposed to sell it to you with an upcharge. This is all well and good except I have NO control over who is making/delivering your top. When they don't show up as planned, when the seam is wrong, etc..., you, as the buyer are mad at ME, and I had no control. It is not worth the $ I could potentially make. Therefore, my practice is to give my customers MY price, thereby alleviating me of the responsibility. My customers can deal directly with the countertop people. I make it very clear. You get my price, but I am not involved. Everyone is happy! : ) That having been said, I will always help anyone with a small jobs - guide you and explain all of this so you don't feel brushed off. Good luck!...See MoreContingent taking a turn for falling through. Advice?
Comments (9)We had a similar thing happen to us July of '14 selling our house in Highland Park. We also got hung up in attorney review, buyers tacked on a few things, most piddly and easily managed so we thought we were good to go. Then at the last minute they came up with something big - as in wanting $$ to replace the furnace and AC which were both old but fully functioning and maintained. Somehow they had come up with a $ amount based on nothing more than some online estimate they'd gotten. We offered to replace furnace only (at our cost since my husband is in construction) and they said no, they want the money based on the bogus estimate they got kicked back at closing. We said no deal and walked. I agree it's time for you to draw your line in the sand. What do I wish someone had told me? Draw the line sooner. They dragged us on for over a month....See Morejrb451
7 years agoDelightedinDenver
7 years agosunfeather
7 years agohomechef59
7 years ago
pamghatten
7 years agolast modified: 7 years agosunfeather
7 years agoDelightedinDenver
7 years agosunfeather
7 years agohomechef59
7 years agoloto1953
7 years agolast modified: 7 years ago
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