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Old 03-06-2018, 07:57 AM
 
Location: Washington Park, Denver
6,970 posts, read 6,581,847 times
Reputation: 7521

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Quote:
Originally Posted by drmoneytails View Post
That’s true. If we were buying newer properties I would do the same as you. But with these early 20th century homes and being a first time home buyer, I did not feel confident to waive it
I hope you are running a camera down the sewer line as part of your inspection. That’s probably the single most important thing you can do and it’s in addition to the typical home inspection. A cracked line (common in these older homes) will set you back a minimum of $5,000.
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Old 03-06-2018, 08:08 AM
 
2,243 posts, read 945,129 times
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Quote:
Originally Posted by SkyDog77 View Post
I hope you are running a camera down the sewer line as part of your inspection. Thatís probably the single most important thing you can do and itís in addition to the typical home inspection. A cracked line (common in these older homes) will set you back a minimum of $5,000.
Yep! Do this! Happened to a friend of mine who bought an older home in Park Hill. The owner ended up having to cover the cost of whatever repairs were needed before the sale, and it wasn't cheap.
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Old 03-06-2018, 09:04 AM
 
43 posts, read 43,078 times
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Quote:
Originally Posted by SkyDog77 View Post
I hope you are running a camera down the sewer line as part of your inspection. Thatís probably the single most important thing you can do and itís in addition to the typical home inspection. A cracked line (common in these older homes) will set you back a minimum of $5,000.
Yep, we did and line looked good
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Old 03-06-2018, 09:07 AM
 
2,521 posts, read 3,514,952 times
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Keeping mind that the seller is also thinking that they priced it too low if they got a full price offer right away. Anything you ask for out of the inspection could throw the deal. So many are waving the inspection because there is almost no point in this market that you will want to think long and hard about throwing the deal for even $5K of work. Also all the work you do yourself you can be sure was done right.

The point of the inspection is likely that you can budget for the items and make sure you can handle them. Not so much the traditional idea that you will get the seller to pay for them. They are probably laying awake at night thinking, what could we have gotten with a multiple offer situation?

Edit: Looks like you are already through the inspection period. Congrats!
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Old 03-06-2018, 12:12 PM
 
273 posts, read 145,418 times
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I am loving the real estate market in Denver. I live in the DTC area and my house value has gone through the roof.
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Old 03-06-2018, 12:19 PM
 
Location: The Berk in Denver, CO USA
14,056 posts, read 20,398,966 times
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Default the cornfields beckon

Quote:
Originally Posted by Tabbychic View Post
I am loving the real estate market in Denver. I live in the DTC area and my house value has gone through the roof.
Which is only meaningful in a positive sense if you are planning on moving to Iowa.
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Old 03-06-2018, 12:37 PM
 
273 posts, read 145,418 times
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Quote:
Originally Posted by davebarnes View Post
Which is only meaningful in a positive sense if you are planning on moving to Iowa.

Why would I want to move? I love my house. Highest on the hill, overlooks a park, wide streets, huge backyard.
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Old 03-06-2018, 04:38 PM
 
5,444 posts, read 4,865,021 times
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Quote:
Originally Posted by Tabbychic View Post
Why would I want to move? I love my house. Highest on the hill, overlooks a park, wide streets, huge backyard.
Then why do you care about the real estate? Why would the value of your home even matter?
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Old 03-06-2018, 04:44 PM
 
5,444 posts, read 4,865,021 times
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Quote:
Originally Posted by drmoneytails View Post
And I was wondering the same thing myself. I have to admit i had a little ďbuyers remorseĒ the first night - I kept thinking, did I do something wrong, did they just take our offer so fast because itís a great deal for them? But the more I learned about the facts, the more I understood why they did that and I am very comfortable now with the terms of this deal. I did not want to have to bid on a house again and offer all sorts of crazy stuff - some places asked for a 6 month post occupancy agreement and they still had several over asking price offers. Most in cash.
This was me when we bought our home 5 years ago. Our offer was a full price offer and was accepted only a few hours after we submitted it. After it was accepted, I seriously felt sick to my stomach. So many things were running through my head, like "did we offer too much?", "what's wrong with the house?", etc.. After a day, I settled down and realized that everything was going to be fine. Closing day ended up being a big celebration for us.
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Old 03-06-2018, 04:48 PM
 
Location: Washington Park, Denver
6,970 posts, read 6,581,847 times
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Quote:
Originally Posted by headingtoDenver View Post
This was me when we bought our home 5 years ago. Our offer was a full price offer and was accepted only a few hours after we submitted it. After it was accepted, I seriously felt sick to my stomach. So many things were running through my head, like "did we offer too much?", "what's wrong with the house?", etc.. After a day, I settled down and realized that everything was going to be fine. Closing day ended up being a big celebration for us.
Iíve felt that way every time Iíve bought a house.
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