Bought, and Sold (appraisal, 5%, mortgage, mortgage)

[astrocytoma]

Thank god the process ended a while back for me.

What a miserable experience I hope to never do again.

To all buyers, and seller's good luck!

Offer, Counter Offer, Acceptance, Attorney Review, Under Contract, Inspections, 10% Deposit, Appraisal, Commitment Letter, Walk though, Closing Day, Closing Costs.

Ridiculous process that needs to be reformed badly. Hate it.

[dontaskwhy]

Welcome to the reality of buying and/or selling a house. I have done it twice myself and my mom has done it at least 5 times since the 1970's. Any time the government gets involved there are always more hoops to jump through.

[MikeJaquish]

Originally Posted by astrocytoma

Thank god the process ended a while back for me.

What a miserable experience I hope to never do again.

To all buyers, and seller's good luck!

Offer, Counter Offer, Acceptance, Attorney Review, Under Contract, Inspections, 10% Deposit, Appraisal, Commitment Letter, Walk though, Closing Day, Closing Costs.

Ridiculous process that needs to be reformed badly. Hate it.

Pay cash.
>No prequal/preapproval
>No Appraisal.
>No Commitment Letter
>Far fewer closing costs

Pay list price, at terms dictated by the sellers
>No counteroffers.

Have attorney draft a contract beforehand
>Skip Attorney Review

Waive inspections.
Waive any repairs.
Waive walkthrough.

Now we have reduced the burden to:
Offer/Acceptance/Contract.
Deposit.
Closing day with fewer costs.

Easy-peasy.

[Jimmyp25]

Originally Posted by astrocytoma

Thank god the process ended a while back for me.

What a miserable experience I hope to never do again.

To all buyers, and seller's good luck!

Offer, Counter Offer, Acceptance, Attorney Review, Under Contract, Inspections, 10% Deposit, Appraisal, Commitment Letter, Walk though, Closing Day, Closing Costs.

Ridiculous process that needs to be reformed badly. Hate it.

4th time doing it in the past 2 years.. its not that bad. I usually close in 30 days. About to close again on the 8th...

Lets see how selling my house goes... i know that will be much easier. Much more easier since im in Austin LOL

[Annemieke Roell]

Originally Posted by dontaskwhy

Welcome to the reality of buying and/or selling a house. I have done it twice myself and my mom has done it at least 5 times since the 1970's. Any time the government gets involved there are always more hoops to jump through.

All for your protection

[dontaskwhy]

I am certainly not complaining about the process. The OP seems to be very confused and frustrated based on this quote

Ridiculous process that needs to be reformed badly. Hate it.

I am a former Realtor and understand the process well.

[JonahWicky]

Originally Posted by Annemieke Roell

All for your protection

LOL! "I'm from the government and I'm here to help you."

[Okey Dokie]

My biggest beef is the mortgage process where one is made to feel like a money launderer and overall crook.

[NORTY FLATZ]

Originally Posted by Okey Dokie

My biggest beef is the mortgage process where one is made to feel like a money launderer and overall crook.

I gotta agree with you on this one.

EFT the cash for a down payment? You get "Where'd you get the money for the down payment?" from escrow. I tell them to "Go jump in the lake, It's legit".

Same with employment now-a-days. First thing employers ask, "Can you pass a drug test?"

We're in a sad world today, folks.

[JBtwinz]

I have bought and sold homes and land over the last 40 years (not as many as some here) and I have to say the process has gotten much easier when dealing with competent parties.

What I do have difficulties with now are, pre-qualifying, having to determine what to offer over listing price (everything here sells for over asking) and realtors here requesting 5% of the asking price as earnest money.