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Old 09-21-2015, 10:18 PM
 
Location: Texas
42,285 posts, read 49,863,906 times
Reputation: 67169

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Quote:
Originally Posted by Vogue186 View Post
It's one of two scenarios. 1) the house shows up on our agent's MLS portal, we try to schedule a viewing as soon as we notice it, and it's sold before we can even get there. Or 2) we see it in our agent's portal, schedule a viewing and it is already under contract by the time we see it.

My husband and I are still leaning towards going back to the house we walked away from. It's really what we want. But isn't it crazy to pay top price for the area (one of the priciest homes in the neigborhood), only to put $15K back into a roof just to make the house insurable? Seems like a bad financial decision to me. Am I crazy?
That happened to us, too. 5 years ago.

The realtors often connect with each other prior to the homes officially being offered. This whole area has been one scam after another for years.

If you love that house, $15k more is nothing. Nothing.
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Old 09-21-2015, 10:40 PM
 
233 posts, read 221,631 times
Reputation: 130
I agree. If you like that house then go for it.
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Old 09-22-2015, 01:18 AM
 
Location: Dallas/Fort Worth, Texas
4,128 posts, read 13,174,548 times
Reputation: 2527
Quote:
Originally Posted by Vogue186 View Post
Thank you! Will check this out. Always open to suggestions and exploring other options!
Don't bother checking on the Megatel community on Preston. Those are patio homes that start at 550K and many, many are already sold... There will be only 66 homes, so they'll go fast. Perfect for empty nesters that live around there and want to downsize or for the people that don't want to bother with yard care.

Naima
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Old 09-22-2015, 03:36 AM
 
10 posts, read 10,496 times
Reputation: 10
Thank you for the update on that community Naima. Sounds nice, but definitely not what we are looking for at this point in our lives.

Back to the house we want...yes, in retrospect $15K for a new roof seems like we are splitting hairs at this price point. But it is at the higher end of our budget. Where the main issue lies is that this is an older home and we have already accounted for and earmarked other repairs after we move in - eventually the old water heaters will need to be replaced, pool resurfaced, needs a new hot tub heater (luxury not necessity), and I'm sure there are other things we have yet to discover about this home, as it is over 30-years old. The list is too long to then tack on another $15K for a bad roof - something the seller should have disclosed in the first place, or fixed before listing.

Why can't the seller claim it on their homeowner's insurance? Problem is they already have. After some investigating we did on our side with our insurance company (when gathering quotes for the new house), we learned they made a $30K claim after a hail storm. Did a shoddy patch job and cosmetically renovated the house with the rest of the cash. We asked for receipts, documentation for repair, etc. to which they replied, "we lost them." During our option period we hired a roofing inspector to check it out and he said it's super bad. So bad the house shouldn't even be insured until it is totally replaced.

These people are screwed if a BIG storm comes through. There is a huge risk for interior damage as so many areas of the roof, vents, etc are shot. I don't know a thing about a roof and the pictures included in the inspection report looked as if someone beat it all over the place with a with a baseball bat. The areas you can see with your naked eye and from the ground look okay. Then again, I'm not a roofer so I don't know what to flag.

We were even willing to come close to possibly splitting the cost with the seller. They said they had a backup offer and wouldn't budge. It's back on the market, same original listing price.

Last edited by Vogue186; 09-22-2015 at 04:13 AM..
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Old 09-22-2015, 04:38 AM
Status: "Impeach "The Bareback Don"" (set 23 days ago)
 
Location: Katy,TX.
3,467 posts, read 6,824,020 times
Reputation: 3183
Quote:
Originally Posted by DitsyD View Post
The schools are NOT the same.
Why do you say this? Do they offer a different kind of study material than the others? Will one get you into a University that the others can't? Will my kid come out smarter from one district and not the others? Please explain to me the difference between the districts.
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Old 09-22-2015, 06:13 AM
 
Location: DFW - Coppell / Las Colinas
29,977 posts, read 34,597,527 times
Reputation: 35998
Quote:
Originally Posted by Vogue186 View Post

Why can't the seller claim it on their homeowner's insurance? Problem is they already have. After some investigating we did on our side with our insurance company (when gathering quotes for the new house), we learned they made a $30K claim after a hail storm. Did a shoddy patch job and cosmetically renovated the house with the rest of the cash. We asked for receipts, documentation for repair, etc. to which they replied, "we lost them." During our option period we hired a roofing inspector to check it out and he said it's super bad. So bad the house shouldn't even be insured until it is totally replaced.
This should tell you the rest of the house has probably been neglected and the people are not very honest.

I'd move on to another house. After this house sits on the market another 30-60 days they may be a whole lot more negotiable.

Doesn't sound like a house I'd want to buy.
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Old 09-22-2015, 06:45 AM
 
10 posts, read 10,496 times
Reputation: 10
Quote:
Originally Posted by Rakin View Post
This should tell you the rest of the house has probably been neglected and the people are not very honest.

I'd move on to another house. After this house sits on the market another 30-60 days they may be a whole lot more negotiable.

Doesn't sound like a house I'd want to buy.
Haha! That's what other people told us and why our agent basically told us to walk. He said let it sit and they may eventually realize how delusional they are about the situation...

Fortunately we have an excellent agent with our best interest in mind.
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Old 09-22-2015, 07:49 AM
 
Location: Texas
42,285 posts, read 49,863,906 times
Reputation: 67169
Quote:
Originally Posted by Rakin View Post
This should tell you the rest of the house has probably been neglected and the people are not very honest.

I'd move on to another house. After this house sits on the market another 30-60 days they may be a whole lot more negotiable.

Doesn't sound like a house I'd want to buy.
I agree.
The whole thing sounds like a money pit based on that description.

Our sellers not only walked us through the house and showed us how everything worked, they even had a giant binder of every repair and update they ever did all organized in one place so we would have warranty information, etc.

That's the kind of situation you want.

No, but seriously look at the one I recommended. GREAT price point for getting into that neighborhood. Just go look.
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Old 09-22-2015, 09:13 AM
 
Location: Dallas area, Texas
2,237 posts, read 2,765,067 times
Reputation: 3774
Quote:
Originally Posted by usc619 View Post
Why do you say this? Do they offer a different kind of study material than the others? Will one get you into a University that the others can't? Will my kid come out smarter from one district and not the others? Please explain to me the difference between the districts.
There are hundreds of threads in this forum citing the differences between the school districts.

It is like the difference in Rice University and some community colleges. Maybe you don't care. but some parents do.
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Old 09-22-2015, 09:29 AM
 
Location: garland
1,595 posts, read 1,575,409 times
Reputation: 1969
Quote:
Originally Posted by Rakin View Post
This should tell you the rest of the house has probably been neglected and the people are not very honest.

I'd move on to another house. After this house sits on the market another 30-60 days they may be a whole lot more negotiable.

Doesn't sound like a house I'd want to buy.
I can't rep you again so I'm quoting for agreement and emphasis.
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