Worst thing that happened while under contract?
Ashlee Charlebois
6 years ago
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jamieoutlaw
6 years agoaprilneverends
6 years agolast modified: 6 years agoRelated Discussions
Worst gift under your childhood tree
Comments (4)My grandmother sewed EVERYthing for EVERYone for Christmas. Didn't matter if it was something you would wear, or something she dreamed up in her head. And she LOVED weird color combinations. One year she found a great robe pattern with a zipper and everything, long bell sleeves, nice yolk. She did the yolk and sleeve cuffs in hot, florid pink material in a thicker weave, and the body of the robe in a forrest green and mint green floral pattern of a much thinner slinky material. It actually was wearable, if hard on the eyes. Then there was the year she made my Christmas outfit (long mod vest and bell bottom pants) out of red fake fur. And just like Ralphie, I actually had to wear 'the Christmas Outfit' out in public, preferrably for a Christmas occasion. I almost died, but I wore it to High School, then promptly 'lost' it. She started paying attention right about that time... When she gave me two pair of 'striped' pants with elastic waists, I changed them over to zippers. They were cool pants that I wore a long time, but somehow when I changed the waist over, I hurt her feelings and she never sewed my entire Christmas for me again. Then there was always that ONE pin she forgot to remove, usually right in the back of the garment so you found it by sitting on it! There were several successful summer garment campaigns that both my mom & I loved. She found a nice peasant dress pattern and wore herself out using up scrapes and bits. I wore my white and red multi size checks dress until it fell apart. Two stories about the same coin, one just happened to involve painful Christmas memories....See MoreWorst things to come out of other people's yard waste
Comments (34)I thought I was really smart having a truckload (about 1.25 tons) of hay and pine needles delivered after the local Christmas tree lot closed. I still think I was smart, because I will no longer have to scrounge cardboard to make bedding for my worm bins. However, it was a bit of a surprise when, while bagging this stuff over a 2-day period, I found: 5 gallons of plastic twine and assorted colors of plastic tape, in lengths up to 1 yard A wad of used duct tape 1 mechanical pencil 2 bottles of water (one empty, one unopened) 100+ wooden disks trimmed from the bottom of the trees numerous branches 50+ pieces of metal: screws, nails, bolts, u-shaped machine bolts, plastic-wrapped wire A bazillion zip ties various candy wrappers and disposable drink lids One half-eaten candy cane still in the plastic Many rocks in various sizes 1 crowbar (I will call the company tomorrow to see whether or not they want it back) 1 business license for sale of Christmas Trees and Halloween Pumpkins from 2008 (Will also be mentioned during the call)...See MoreContigency offer...their house is under contract
Comments (12)your situation is that the buyer's home is already under contract and is scheduled to close in weeks. that is a lot better situation for you compared to buyer simply placing their home on the market. They already have a buyer. Now it is just a matter of the sale going through. what are the chances that the deal falls through...maybe 35% chance it falls through? I normally don't like a contingnecy. However, in your situation, it is only 6 weeks away and there is already a contract on the home in question. I would go with it if i was in your shoes. You can schedule closing for your place for the day after closing for the buyers's home. Worse case, the buyers sale falls through. This could occur in a week or in 6 weeks. But there is better than 50% chance that the buyers sale does NOT fall through. Also keep in mind if you decide to reject this offer, then any future buyers might have issues that cause your sale to fall through, even if there is no home sale contingency. In your case, I would go with the bird in the hand and take the risk and plan your closing 6 weeks out. the only reason I suggest this is because they already have a buyer and a scheduled closing date. This is HUGE....See MoreAppraisal while under contract
Comments (8)If it's being sold "as is" the appraiser will give you an "as is" appraisal meaning he/she will determine value of just what's already appurtenant to the site plus any materials not yet installed but present onsite & included in the sale. As example, maybe there's a stack of drywall in the garage or rolls of electric wire somewhere on site. You may also need an "as complete" appraisal if you're going to finance the finish work. If there are uninstalled materials laying around...be sure to inventory them & take lots of pictures (dated). Uninstalled materials frequently grow legs & walk away in the night! The bank should have secured them but, these days, who knows what they're doing...or not doing to protect the property. Also, ask the lender if the property is currently insured & for how much! This is very important. There are so many foreclosures today I'm uncomfortable saying this doesn't need to be asked. It 'should' be a no-brainer...banks have general liability policies to cover this type of thing but the loan officer in charge does have to remember to notify the insurer of the property's address within 30 days of the foreclosure. I'm completely uncertain that every property is making it onto the proper insurance list today. So...ask & you can sleep easier plus it 'might' trigger the darn loan officer that he/she needs to notify the insurer immediately of the property's existence! Would not be fun to lose the house to fire 3 days before you close...and empty properties are targets for bored teenagers, unfortunately. As "as complete" appraisal is performed for houses as per the plans & specifications. For instance, if you were building from scratch & needed to get an appraisal done for your construction loan. Obviously, there's not yet a physical house to appraise. So, the appraiser uses your plans & specs to ascertain value as if the home was completed. After you have closed the sale & start to finish the house...be sure to obtain your own Builder's Risk insurance policy. It will cover you in case the guy delivering the HVAC trips over his McDonald's cup & breaks his leg. Also, get lien waivers from everybody who provides materials and/or labor. If you have a construction loan your lender will assist with this process. If you'll be finishing the home with cash then it's totally your responsibility to protect yourself. In my portfolio, I built-out probably close to 90% of all houses than came to me unfinished. I GC'd them. I found it much easier to sell a completed house (and sold them for substantially more value to my employer...the bank) than it was to sell a half finished place. I'm a bit surprised they are selling it to you "as is". I guess banks are just so overwhelmed today & don't have the employee skills on staff to get the job done. Many times, I've been assigned the task of building out entire subdivisions...one had 450 unfinished houses! Yikes. It was in Rancho Mirage, CA. The day I first arrived on-site to take over as GC...I found 3' of sand blown into the houses. Oh, what a mess! Took me almost 3 years to get the last house sold but oh what a party the bank threw for me when I closed that last house! lol :) Ya know, you should ask Dave here on the forum about getting an FHA loan that includes funds to finish the construction plus the purchase price. I'm skilled at workouts but permanent financing isn't my 'thing' but Dave will know... /tricia...See MoreUser
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