CC Flip This House - First Time Homebuyer

Way back here was a CC home renovation thread that featured the saying “only one clown in the kitchen”
One busy thing, period
Since I haven’t searched 10 years, maybe it was coral brook who said that…

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I like wood cabinets, but that style… too much wood 🪵 for my tastes!

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Would someone please PM me the link? Thanks :grinning:

I found a mls page for the house but can’t get to the photo group. Would someone please pm me a link? Thanks!

May I have the link please?

The group number is: 14808562@N23

Can someone send me the MLS link?

That group number did not work for me. I think I finally figured it out.

You have to add the group number to the back of web address /group/ number above

The website name.com/photos/add the group number. I think that will work lol

I’m 99% sure that at some point over the last couple of years, with an upgrade or change of management, that rule was lifted. I can’t find the post that stated that (but I’m sure I remembered reading it at the time), but I also don’t see anything in the current TOS that prohibits it. So since I don’t post often anyway, I’ll risk the timeout and post it: Flickr: The CC Flip First Time Homebuyer Pool

If that’s not appropriate, I apologize, but I hope if a mod sees fit to take this down, they’ll point us to the current rules.

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The yard looks nice??

(can’t get those rats out of my head! :laughing:)

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I hope they were aware of the risks of a no contingency offer on a home built in 1960 that has some obvious visual issues that their realtor should have mentioned to them and/or they should have noticed in the walkthrough. I can understand really wanting to have a home, but there are other options, such as choosing a condo for now, and later moving to a home when in a more financially comfortable situation; and/or waiting until the market has less COVID influences.

I noticed the the property taxes were $969 in 2019 and $1438 in 2020. That’s only a ~0.2% of value tax rate. CA property tax rate is great for people who have been living in the same home for decades.

Those old property taxes (courtesy of 1978’s Proposition 13) are about to have a dramatic increase - to roughly 1% of the purchase price.

They conducted a lot of inspections and had an obscure clause in the contract that allowed them an out (which the selling agent did not realize). They carefully created a list of estimates from established companies and submitted a Repair or Credit list to the Seller. The selling agent went ballistic because he thought he had a bullet proof contract and was embarrassed to tell the Seller that Buyer was asking for credits.

Their out was that the Seller and Agent did not disclose that the house had been vacant for 10 years. It was not evident from appearance of home because the yard had been maintained.
The buyers could back out of the contract from non disclosure and/or during the disclosure review period. They tried and Seller would not budge so they had to calculate all the costs and balance it against the value of the home after the repairs.

So they knew the repairs and costs needed and decided to go ahead anyway since they had been shopping for over 9 months and knew the feasibility of finding anything in the lower price range. Too much competition for anything at the low end in San Diego.

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@coralbrook I don’t think that people who live outside of San Diego understand how difficult it is for a first time home buyer to even have the opportunity to get into a starter home here.

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People who live in Seattle understand! :wink: There are NO houses in that price range anywhere in our city. None. Nada. Zero!

(Even in my suburban neck of the woods, our young friends paid more than $50k over ask to get into their tiny home (that price range and almost the same numbers) which has appreciated in value at least 25% since they bought it a year ago. Luckily, their kitchen was mostly functional (except a dead dishwasher and one dead burner on the stove), and we “inspected” the place for them pointing out all potential issues.)

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@BunsenBurner I know that you understand how it is as you live in a similar market. I have a friend in Missouri who’s D graduated college and was able to buy a house herself. That’s just not happening in Southern California unless there is a lot of parental help.

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Sadly, that’s the way it is in a lot of areas of the country. I’m in Fairfield County CT and that’s how it is here. And the DC area is the same.

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Yep, our area’s prices have risen so dramatically in Northern SD County that if we didn’t already own the house, our property taxes would be difficult to pay!

I get that this couple has a limited budget, but my first thought would have been the rat-urine residue! YUCK!

It also sounds like the husband is going to be a piece of work; he needs to get some experience in color and texture matching.

He’s getting in over his head. Wait, “over his head” is rat infested urine!

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