::waters the plants::
:
usts the furniture::
::feeds the kitties::
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usts the furniture::::feeds the kitties::
Journey, Not A Destination
- Thread starter Steve
- Start date
Lake Anna in Virginia.. mini vacation with the family...
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he's back tomorrow...
This is good to know and is something I was going to ask the realtor. Thanks.
Just an FYI, the realtor involved is acting as a dual agent.
I was thinking that I'd just ask them to cover a fraction of the closing costs that would equal the cost of half the septic repair. This way they could just pay up and move and not have to worry about anything. Once I'm in, I can handle the septic then.
Thoughts?
Thanks a bunch, your advice is always appreciated.
I always go through bulking up periods each year. I'm not a fan of 'maintenance.' I like to continually improve some quality of my body (i.e., muscle gain, fat loss, athleticism, etc). While improving one quality, I work on maintaining the others as best I can. It's just time to bulk up a bit. I'm feeling small.
This is the house I've been looking at for nearly a month now. I believe it's been that long. I've pretty much decided I'm going to pursue the purchase assuming the seller's are willing to work with the terms I want.
Haha, did you find your answer?
So Lake Anna is beautiful and it was a very relaxing trip. The house was amazing. All 18 people could sleep comfortably in it and it was even large enough to find my own corner to read in when I wanted/needed quiet. The house sat right on the lake. It had a boat house with a screened in porch and two boat slips. We had two boats down there with wake boards, knee boards, water skis and tubes. Needless to say these were fun!
We did a ton of fishing, swimming and boating. Each morning I would wake up to watch the sun rise out over the lake from the dock. Then I'd eat some breakfast, go for a morning swim, go catch some bait and then go fishing. I'd then come back and read a bit on the dock while lunch was prepped. Then after lunch, we'd go boating or fishing.
It was a great time. Not much to do aside from the lake but I don't need much more in that short period of time.
I was pleasantly surprised.
We did a ton of fishing, swimming and boating. Each morning I would wake up to watch the sun rise out over the lake from the dock. Then I'd eat some breakfast, go for a morning swim, go catch some bait and then go fishing. I'd then come back and read a bit on the dock while lunch was prepped. Then after lunch, we'd go boating or fishing.
It was a great time. Not much to do aside from the lake but I don't need much more in that short period of time.
I was pleasantly surprised.
LovelyLadyHumps
New member
You vacation sounded perfect. Makes me want to take vacation right now!! Glad you had a peaceful, relaxing, time. I love boating, wakeboarding, just being in the water...
Sorry to hear you are feeling "small". Good luck w/the bulking up. I know how to put on weight fairly easy so if you need pointers let me know. hahah I know...you want to do it the "healthy" way!
Enjoy the rest of your weekend!
Sorry to hear you are feeling "small". Good luck w/the bulking up. I know how to put on weight fairly easy so if you need pointers let me know. hahah I know...you want to do it the "healthy" way!
Enjoy the rest of your weekend!
bikinibound
New member
This is absolutely true. If I were you, I'd ask the sellers to make the repairs themselves. If they refuse, I'd walk away. That is a helluva lot of money to spend right off the bat, and I think you stand a good chance of them doing it--or at least splitting the cost as now that they know about the problem, and would have to then find a buyer who was willing to accept the septic as is.
SwampBillies
New member
Sorry, I have been busy lately also and didn't see your response.
You could certainly handle it this way providing your closing costs are enough to cover half the cost of the septic.
Since you are thinking you could take care of the septic later you may want to consider lowering the price of the house by half the amount of the repair. The advantage to this would be in your property taxes. The amount of your taxes are based on the sales price of the house. Lower sales price = lower property taxes. The disadvantage is there is now no liquid to actually make the repair later.
I saw the suggestion about asking the seller to make the repair and this is certainly the best CYA approach. However, if they don't have the liquid to have the repair made that is quite a burden to place them under. It may just not be possible for them.
What I would recommend is this. Get an estimate. Ask the contractor to make it on the high side of fair. Explain to him that you will get the job done with his company within 30 days of closing if he will work with you. Try to negotiate the best deal you can. You will have half the estimate in cash. (the sellers half) Would he like to barter the rest of the agreed amount? You know a good personal trainer.
Would he let you work as labor on the job to cut back on costs? However you can whittle away at your half.
Then have your realtor write an addendum to the contract stating that half the estimate amount go into an escrow account to be paid directly to the contractor within 30 days of closing.
This makes everyone feel more secure. You are not just asking for cash, and the seller doesn't have to come up with money before closing. It will be paid from their proceeds. The contractor knows the money is there waiting and is more willing to work with cost. You get half the estimate paid already and don't have to hold up the closing waiting for this septic glitch to be ironed out.
Should not be any problem at all.
Just my 2 cents. Hope all goes well!!
Happy Monday...
Hope it's a great one and things come together with the house...
Hope it's a great one and things come together with the house...
Thanks man, and welcome back to you too. Where ya been?
Thanks Melissa
I'll tell ya what... it was rough waking up this morning! I could get used to that lifestyle.
Feeling small is part of the process for me, really. I bulk until I 'feel too fat' and I cut down until I 'feel too small.' Very weak/loose gauges but it's what works for me. I hate rigidity.
I meet with the realtor today to draft my proposed agreement.
There are two septics on the property. The 'fix' that is suggested right now is to tie the bad septic into the good septic. The good septic is old too, but is working fine for now.
To be sure it could handle the bad septic flow, they would do a hydraulic load test where they dump 400 gallons of water into the good tank. If it handles that, it could easily handle the bad septic.
Fixing the bad septic is only 5-6k. Not something I want to spend but also not something I'm willing to lose the house over.
I think in the agreement I am going to have the following contingencies:
1. The good septic is tested with this hydraulic load test and passes.
2. If it passes, seller agrees to pay for half the cost of tying in the bad septic into the good. They can do this by paying for a fraction of the closing costs.
3. Satisfactory passing of all other home/water inspections.
Sorry, I have been busy lately also and didn't see your response.
No problem.
They would be.
I'm being a moron and feeling 'bad' about pushing the limits. I feel like I've already pushed them a good bit given the fact that I've been twisting their arm for over a month now with negotiations.
I would love for them to cover the whole cost though.
I saw the suggestion about asking the seller to make the repair and this is certainly the best CYA approach. However, if they don't have the liquid to have the repair made that is quite a burden to place them under. It may just not be possible for them.
What I would recommend is this. Get an estimate. Ask the contractor to make it on the high side of fair. Explain to him that you will get the job done with his company within 30 days of closing if he will work with you. Try to negotiate the best deal you can. You will have half the estimate in cash. (the sellers half) Would he like to barter the rest of the agreed amount? You know a good personal trainer.
Would he let you work as labor on the job to cut back on costs? However you can whittle away at your half.
Then have your realtor write an addendum to the contract stating that half the estimate amount go into an escrow account to be paid directly to the contractor within 30 days of closing.
This makes everyone feel more secure. You are not just asking for cash, and the seller doesn't have to come up with money before closing. It will be paid from their proceeds. The contractor knows the money is there waiting and is more willing to work with cost. You get half the estimate paid already and don't have to hold up the closing waiting for this septic glitch to be ironed out.
Should not be any problem at all.
Just my 2 cents. Hope all goes well!!
I like this suggestion a lot. I'm going to bring this to the table tonight at my meeting.
Thanks so much!
So given the fact that I am in 'save money mode' right now, I really want to reduce my monthly car payment. The 350z has been a ton of fun and I'm still fully in love with the car. But I don't need to have a 500+ dollar per month car payment at the moment.
So I went and test drove a 2008 Dodge Ram 1500 pickup truck over the weekend and I really like it. I don't love it like I do my car and it will be sad trading... but financially it makes the most sense. Dealers are basically giving trucks away right now. This truck is nearly a 40k truck and I'm getting it for a little over 20k.
If they weren't giving such steep discounts I probably wouldn't go through with it. But it's too good a deal to pass up.
It isn't a done deal yet, their appraisal department was closed when I was there. But if they give appraise it for what I want, the deal with go through. I should find out tomorrow.
Here's a pic of the same truck I'm getting:
I want the bright silver metallic.
So I went and test drove a 2008 Dodge Ram 1500 pickup truck over the weekend and I really like it. I don't love it like I do my car and it will be sad trading... but financially it makes the most sense. Dealers are basically giving trucks away right now. This truck is nearly a 40k truck and I'm getting it for a little over 20k.
If they weren't giving such steep discounts I probably wouldn't go through with it. But it's too good a deal to pass up.
It isn't a done deal yet, their appraisal department was closed when I was there. But if they give appraise it for what I want, the deal with go through. I should find out tomorrow.
Here's a pic of the same truck I'm getting:
I want the bright silver metallic.