Dt

DerbyDad03

01/04/2017 7:20 AM

Selling A House With A Shop - Leave It For Showing Or Empty It?

My neighbor is selling his house. He has a wood shop in his basement, maybe
15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
The shop is at ground level, with a door to the back yard. Some pretty nice
stuff has come out that shop.

The rest of the basement is unfinished, basically one large room with the
furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
there's a shower stall bathroom in the corner. The basement can be accessed
by stairs from the kitchen or through the shop. They are 2 separate spaces.
It's sloped lot, allowing for a walk-out basement in the rear for the shop.

His realtor has told him that he should empty the shop before showing the
house, so he has moved all of his equipment and material to storage until
his new house is ready.

What are your thoughts? Would you have left the shop as staging or emptied
the room like the realtor suggested? I know we are biased, so maybe we aren't
the right people to ask. ;-) If staging bedrooms and kitchens is all the
rage these days, why not stage a shop?


This topic has 167 replies

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

26/04/2017 8:20 PM

On Saturday, April 1, 2017 at 10:20:31 AM UTC-4, DerbyDad03 wrote:
> My neighbor is selling his house. He has a wood shop in his basement, maybe
> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
> The shop is at ground level, with a door to the back yard. Some pretty nice
> stuff has come out that shop.
>
> The rest of the basement is unfinished, basically one large room with the
> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
> there's a shower stall bathroom in the corner. The basement can be accessed
> by stairs from the kitchen or through the shop. They are 2 separate spaces.
> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>
> His realtor has told him that he should empty the shop before showing the
> house, so he has moved all of his equipment and material to storage until
> his new house is ready.
>
> What are your thoughts? Would you have left the shop as staging or emptied
> the room like the realtor suggested? I know we are biased, so maybe we aren't
> the right people to ask. ;-) If staging bedrooms and kitchens is all the
> rage these days, why not stage a shop?

So, at the suggestion of his realtor, my neighbor emptied his woodworking
shop. He left a large rolling toolbox, a wet-dry vac, some boxes and paint
cans and other assorted odds and ends.

The only pictures of the basement are of the room that used to be his shop.
The main basement, with the washer, dryer, furnace, water heater, etc. is
not included in the listing pictures.

https://photos.zillowstatic.com/p_f/ISyjhe5auhptam1000000000.jpg
https://photos.zillowstatic.com/p_f/ISmmvt0egzy6rl1000000000.jpg

The listing includes the words:

WALKOUT BSMNT FEATURES GLASS BLK WNDWS, FBA, & LARGE SHOP W/LOTS OF ELECT!

So much for letting potential buyers use their imagination as to what the
room could be used for. ;-)

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:44 PM

On Sat, 1 Apr 2017 19:33:51 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/1/2017 12:50 PM, [email protected] wrote:
>> On Sat, 1 Apr 2017 09:28:14 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/1/2017 9:20 AM, DerbyDad03 wrote:
>>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>>> stuff has come out that shop.
>>>>
>>>> The rest of the basement is unfinished, basically one large room with the
>>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>>
>>>> His realtor has told him that he should empty the shop before showing the
>>>> house, so he has moved all of his equipment and material to storage until
>>>> his new house is ready.
>>>>
>>>> What are your thoughts? Would you have left the shop as staging or emptied
>>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>>> rage these days, why not stage a shop?
>>>>
>>>
>>> If you have a place to move the equipment to, move it out. As hard as
>>> this is to believe, not every man is a "He-man" and he may not, if he
>>> even has any say in the matter, care to see wood working equipment. ;~)
>>
>> Even though some may not be "He-men" (do you know any?-), most see
>> themselves that way. Even though they may not be avid woodworkers
>> most would like some sort of place to get away. Home maintenance does
>> take some space, too.
>
>Did you not see my tongue in my cheek? ;!)

Tough to tell what's serious and what's not, today. ;-)
>
>
>>
>>> An empty room just looks bigger and uncluttered, that is what the
>>> realtor and perspective buyers want to see for a storage area.
>>> Basically the area is not only intended to be a shop and a perspective
>>> buyer may see it as only a room intended to be a shop if it is filled
>>> with equipment. If the room is empty the buyer can see it as any thing
>>> he or she wants it to be.
>>
>> Filled, no. Used, yes. People really do want to see "lived-in"
>> spaces. There is a whole home "staging" industry for a reason.
>>
>
>Understood and why I specifically mentioned "storage area" and not a
>specific room in the house, like a bedroom, living room, dining room,
>etc. An unmodified basement it typically storage.

"Unmodified"? You mean "unfinished"? It's all about proportion. If
the space is cramped, it'll look small, no matter what its true size.
If it's bright and open, it won't. Like I said before my ~2500 ft^2
of unfinished basement isn't going to be anyone's "storage space". No
one has that much crap. Well, no one is going to _move_ that much
crap. After 20 years... ;-)

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 10:48 PM

On Sun, 2 Apr 2017 20:56:23 -0500, -MIKE- <[email protected]>
wrote:

>On 4/2/17 7:43 PM, [email protected] wrote:
>> On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]>
>> wrote:
>>
>>> On 4/2/2017 7:08 PM, Markem wrote:
>>>
>>>>
>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>
>>>> The pictures that kill me are when the house is stuffed to the
>>>> gills, but the pics are that nice soft focus (blurry). You can
>>>> tell the staged ones. My preference when looking at houses, empty
>>>> my imagination can fill it.
>>>>
>>>> I doubt anyone has kept statistics that are valid as to which
>>>> sell best though, the messy one though are probably last.
>>>>
>>>
>>> Most people depends on the money from the sale of their house to
>>> use as downpayment on the new one so they want to sell before
>>> moving. If the house is empty, why? Overpriced? Problem with
>>> structure?
>> +1 -,or more
>>
>
>Unfortunately, that shows a blatant disregard for recent home values and
>trends in the market.
>Our last house wasn't anything close to what you'd consider luxury or
>high value, but we sold in 3 days and that was only because it took that
>long for the bidding war to calm down. The home we bought was on the
>market for several hours when we made our offer which was accepted
>within a couple days only because it took that long for inspection. The
>way the recent housing market is, homes are selling for tens of
>thousands more than they were worth only a year ago and they are
>selling, not in months, weeks, or day, but hours-- many much higher than
>listing.
>
>People in many housing markets can well afford to empty and stage their
>homes, move into a hotel for a week, store their belongings in PODS, and
>make a profit that will make these expenses seems like peanuts.
Not making any sense, when in this hot market people are getting
offers 20 and 30K over asking - SIGHT UNSEEN.the first day the
property is listed. Why pay motel room and storage when it isn't going
to make ANY difference in the selling price or how long it takes to
sell??? I talked to a neighbor at the open house down the street today
- his neighbour listed his house, and had THREE offers before anyone
was in to see the house - all of them from out-of-town - (toronto) -
All of them well over listing price, and no conditions on the offer..
Even a quart of paint would have been wasted money.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 10:20 PM

On Sun, 02 Apr 2017 21:54:28 -0400, [email protected] wrote:

>On Sun, 02 Apr 2017 20:11:54 -0400, [email protected] wrote:
>
>>On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:
>>
>>>On 4/2/2017 7:08 PM, Markem wrote:
>>>
>>>>
>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>
>>>> The pictures that kill me are when the house is stuffed to the gills,
>>>> but the pics are that nice soft focus (blurry). You can tell the
>>>> staged ones. My preference when looking at houses, empty my
>>>> imagination can fill it.
>>>>
>>>> I doubt anyone has kept statistics that are valid as to which sell
>>>> best though, the messy one though are probably last.
>>>>
>>>
>>>Most people depends on the money from the sale of their house to use as
>>>downpayment on the new one so they want to sell before moving. If the
>>>house is empty, why? Overpriced? Problem with structure?
>>
>>The people already moved? I'd expect that a lot of people who move,
>>are moving out of the area. There is usually a time line for such
>>life changes. In two of our three moves, the house was empty. The
>>third was a move into an apartment for a while (I was working a
>>short-term contract at the time) so left everything in the house
>>(including SWMBO) until it sold. The first was a "corporate move", so
>>there wasn't a worry about selling and the last was a more "normal'
>>move, though we owned both homes for some time (with a year leasing it
>>"after" the sale).
> That may happen in some markets - but right now, around here, if a
>house doesn't sell in a week it is either in bad - and I mean REAL bad
>shape, or VERY over-priced - or both.

If it's really that hot, housing is very under priced. Ninety days is
considered "normal". This isn't even the normal peak buying time.

BTW, if I move again, I certainly wouldn't even try to buy a house
after selling. Way too stressful.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 10:57 PM

On Sun, 02 Apr 2017 22:20:35 -0400, [email protected] wrote:

>On Sun, 02 Apr 2017 21:54:28 -0400, [email protected] wrote:
>
>>On Sun, 02 Apr 2017 20:11:54 -0400, [email protected] wrote:
>>
>>>On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:
>>>
>>>>On 4/2/2017 7:08 PM, Markem wrote:
>>>>
>>>>>
>>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>>
>>>>> The pictures that kill me are when the house is stuffed to the gills,
>>>>> but the pics are that nice soft focus (blurry). You can tell the
>>>>> staged ones. My preference when looking at houses, empty my
>>>>> imagination can fill it.
>>>>>
>>>>> I doubt anyone has kept statistics that are valid as to which sell
>>>>> best though, the messy one though are probably last.
>>>>>
>>>>
>>>>Most people depends on the money from the sale of their house to use as
>>>>downpayment on the new one so they want to sell before moving. If the
>>>>house is empty, why? Overpriced? Problem with structure?
>>>
>>>The people already moved? I'd expect that a lot of people who move,
>>>are moving out of the area. There is usually a time line for such
>>>life changes. In two of our three moves, the house was empty. The
>>>third was a move into an apartment for a while (I was working a
>>>short-term contract at the time) so left everything in the house
>>>(including SWMBO) until it sold. The first was a "corporate move", so
>>>there wasn't a worry about selling and the last was a more "normal'
>>>move, though we owned both homes for some time (with a year leasing it
>>>"after" the sale).
>> That may happen in some markets - but right now, around here, if a
>>house doesn't sell in a week it is either in bad - and I mean REAL bad
>>shape, or VERY over-priced - or both.
>
>If it's really that hot, housing is very under priced. Ninety days is
>considered "normal". This isn't even the normal peak buying time.
>
>BTW, if I move again, I certainly wouldn't even try to buy a house
>after selling. Way too stressful.
When a 3 bedroom 45 year old semi-detatched home with no garage in a
"working class" subdivision sells for over $350,000 I don't think the
house is "under-priced"
With the influx of Toronto buyers I think you could sell a henhouse in
a week for what would have been the high end of the market for a
decent house less than 2 years ago.
It's NUTS.
Going by the house down the street I could likely get $400,000 for my
house if I put it on the market tomorrow - but then whwere would I
live? I'm not ready to move 100 miles west or 350-400 east, or 150
north, to get an affordable place.. There are places 50-60 miles west
that might be reasonable, but not close to any decent centers with
good hospitals and othe facilities - and where I wouldn't have to
drive half an hour to get anywhere.

rr

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:37 PM

On Saturday, April 1, 2017 at 4:39:56 PM UTC-5, DerbyDad03 wrote:
> On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] wrot=
e:
> > As others said, empty the shop. From your description it sounds like t=
his house could have a finished basement. Many potential buyers would see =
the basement finished if it was empty for them to imagine. But if filled w=
ith shop equipment, and used for a specific purpose, its harder for them to=
imagine all that gone and the room finished into living space. Unfinished=
basements are also storage space to many people. If empty, its easy to se=
e it as storage space. Also consider that half the people looking at the h=
ouse will be women. Assuming couples buy the house. By showing it as a sh=
op for a man, you are automatically causing half the people looking at the =
house to instantly be deprived of ever using that basement. When selling t=
hings its not good to make half the buyers happy, man shop, and half the bu=
yers filled with rage and hate for the place, women who cannot ever use the=
space.
>=20
> Did you miss the part of the description that stated that the shop was a =
separate space from
> the "main" basement? 2 separate rooms, with the shop being about 1/3 of t=
he overall basement.=20
> No one was being "deprived of ever using that basement."
>=20

This is what you wrote:

"My neighbor is selling his house. He has a wood shop in his basement, mayb=
e=20
15 x 25. The shop is at ground level, with a door to the back yard. Some p=
retty nice stuff has come out that shop.=20

The rest of the basement is unfinished, basically one large room with the=
=20
furnace, water heater, washer, dryer and some storage shelves. The basemen=
t can be accessed by stairs from the kitchen or through the shop. They are =
2 separate spaces. It's sloped lot, allowing for a walk-out basement in th=
e rear for the shop."


The shop is in the basement. And another part of the basement has the furn=
ace, water heater, bathroom, etc. Are there two separate basements? Or is=
the shop in half the basement and the utilities are in the other half? Fr=
om your description it sounds like half the basement is shop and the other =
half is the utility stuff. Sort of similar to my basement. My basement is=
split into two halves. With a drywall wall. Most of the tools are in one=
room and the other is sort of empty. By your logic I have two basements. =
No. I have two rooms that are joined in my basement by a walkway, opening=
. The shop space is for the man. Assuming. So by showing it as a shop, s=
he will never ever be able to use that space. Its not hers.

And with the shop being in the walkout portion of the basement you are sort=
of stating that it cannot be a finished walkout basement. Walkout basemen=
ts that are finished are desirable. But with the shop in the walkout porti=
on, you are implying the new owner cannot have a finished walkout basement.=
Its shop space!


> BTW 2 of the things that came out if that shop was a brand new kitchen fo=
r the wife and a=20
> bedroom set for both of them. She made out just fine.
>=20

So what? Is the seller donating those to the buyer? And writing a clause =
into the contract stating that the shop must be kept to forever honor the m=
aking of those pieces? I can buy Kelly Mehler's woodworking tools. Doesn'=
t mean I can make furniture like him. The kitchen cabinets are of course b=
eing bought with the house. Doubt anyone cares that they were made in the =
basement. They aren't going to pay extra because of that.




> In addition, you are assuming that all couples are made up of a man and a=
> women.


I know gay, trans sexual, homosexual, etc. couples seem to be the norm now =
days. They are everywhere on TV. But all the people I know have husbands =
and wives. Man-woman. Don't think I know anyone who is same sex. I would=
guess 99+% of the people looking at the house will be hetero sexual man-wo=
man couples. Or single people. Man or woman. Not trans, gay, etc. Make =
the house appealing for the 99%.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

04/04/2017 10:09 PM

On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
<[email protected]> wrote:

>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>DerbyDad03 <[email protected]> wrote:
>
>> Just because were paying them doesn't make them right 100% of the
>> time.
>
>certainly you mean overpaying them

You mean they're stealing money from you? Are they forcing you to use
their services?

Ll

Leon

in reply to [email protected] on 04/04/2017 10:09 PM

07/04/2017 11:29 AM

On 4/6/2017 7:43 PM, [email protected] wrote:
> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>
>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>> this afternoon if they wanted to.
>>>
>>> Oh, hell, I could have done that some time back but why bother?
>>
>>
>> To keep from having to make a money transfer or write another check.
>> Even automatic transfers can screw up. And if you are paying interest
>> at all it is costing you money to keep the mortgage.
>
> Sure, my payment to the power company can screw up, too. So what? The
> cost of money is so low, it doesn't matter.
>>
>> Our builder knocked an additional $5K off the price of our house for
>> paying cash plus no extra expense for mortgage insurance, or mandatory
>> flood insurance.
>
> Why did your builder care?

The builder does not have to pay extra points for loan qualification.


Whether you have a mortgage or not, it's
> all cash to him.

More or less, builders pay a lot for certain additions of difficulty to
get loans added in the mix.

There is no mortgage insurance unless you have more
> house than you can afford.

Unless you finance 80% or more IIRC.



If you're in a flood plane, you're stupid
> if you don't have flood insurance. Don't you have fire insurance?

I do not have fire insurance specifically, I have home owners insurance
which covers most anything except flood.

Every one is in a flood plane, some 500 year, 100 year, etc. I am in
the 500 IIRC and buy the insurance anyway, relatively cheap. My
precious home was in a cheap zone until it was rezoned, that can happen
any time and if it happens and you still have a mortgage you may have to
get flood insurance. If you don't the flood insurance the mortgage
company will get it for you.

My precious home went from about $260 per year to $3600 for flood
insurance. That was just after Katrina. Had I still had a mortgage my
payments would have gone up $300 per month.

If you have a mortgage you may incur more liabilities than just the loan.




k

in reply to Leon on 07/04/2017 11:29 AM

09/04/2017 8:41 AM

On Sat, 8 Apr 2017 22:38:12 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/8/2017 8:48 PM, [email protected] wrote:
>
>> In many cases you can't even get a building permit in a flood plain
>> up here.
>>
>
>Why would you want one? Unless you are building a house on stilts.

Because, with national flood insurance, "we can have this awesome view
and someone else will make us whole if it floods again". It's gotten
harder to pull this sort of thing off but that's what these laws were
addressing.

k

in reply to Leon on 07/04/2017 11:29 AM

08/04/2017 10:17 PM

On Sat, 08 Apr 2017 17:37:24 -0500, Markem <[email protected]>
wrote:

>On Sat, 8 Apr 2017 15:45:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/8/2017 1:55 PM, Markem wrote:
>>> On Sat, 8 Apr 2017 12:16:15 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/8/2017 10:40 AM, Markem wrote:
>>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> Where is floods all the time.
>>>>>>
>>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>>
>>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>>> flood insurance, if you do not they will get it for you. The
>>>>> difference when we were on the edge of a C zone, from us buy and them
>>>>> providing was over $300 a year.
>>>>>
>>>>
>>>> I think that is what I said, if you finance.
>>>
>>> Yes you did sir. I tried to provide a bit more info. I would say
>>> though if you are in a flood zone and they will not provide insurance,
>>> build your place on stilts.
>>>
>>
>>Yes. River homes built on the banks are typically on stilts and I
>>seriously doubt you could buy flood insurance for them either. ;~)
>>
>>Shhhhhh! Don't mention the possibility of having to add flood insurance
>>to automobiles as an extra. Coverage covers vehicles for flood now but
>>if they get wind of it.......
>>
>>I would say that hundreds if not thousands of vehicles get flooded every
>>year in Houston.
>
>How about flood insurance for houseboats. :~>

Hull insurance? ;-)

c

in reply to Leon on 07/04/2017 11:29 AM

09/04/2017 1:55 AM

On Sat, 8 Apr 2017 22:38:12 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/8/2017 8:48 PM, [email protected] wrote:
>
>> In many cases you can't even get a building permit in a flood plain
>> up here.
>>
>
>Why would you want one? Unless you are building a house on stilts.
You would be surprised what is considered floodplain - and you would
never be allowed to build in the majority of Florida - and definitely
not New Orleans.under our rules.

Myself, if a house needs a sump pump, I'm really not too interested.
I grew up in a house where when it rained, water from the street would
often flow in the front door, down the basement steps, and out the
cellar drain. That got old REAL fast. Dad ended up building a brick
wall around the front porch and we had a "flood gate" that closed off
the entrance if we were expecting heavy rain. The "wake" from the
passing trucks was then stopped by the gate. He also raised the front
porch about 8 inches higher than the living room floor and poured a
"retaining wall" around the front of the foundation to guide the water
around to the driveway. We had a 12 or 14 inch tile from a catch basin
in the driveway between our place and the neighbor's, and in a heavy
rain storm it would run full.. We were at a low point in the street,
and our street was basically at the bottom of a hill where we got
water running down several streets onto ours - with the "river flats"
behind us. The creek flooded every spring but the flood level was
never closer than about8 feet below the back/bottom end of out lot,
and the lot sloped enough that the basement floor level was about even
with the level of the back of the lot. We didn't have or need a sump
pump because the cellar drain was open to daylight down in the
"flats", but occaisionally we'd have a rat come up the drain into the
basement.. In 1967 the town built a park in the old river flats


I had enough of flooding living there, so I look very close at
drainage issues when I look at a house or property today!!!!

k

in reply to [email protected] on 04/04/2017 10:09 PM

06/04/2017 8:43 PM

On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/6/2017 2:12 PM, [email protected] wrote:
>
>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>> this afternoon if they wanted to.
>>
>> Oh, hell, I could have done that some time back but why bother?
>
>
>To keep from having to make a money transfer or write another check.
>Even automatic transfers can screw up. And if you are paying interest
>at all it is costing you money to keep the mortgage.

Sure, my payment to the power company can screw up, too. So what? The
cost of money is so low, it doesn't matter.
>
>Our builder knocked an additional $5K off the price of our house for
>paying cash plus no extra expense for mortgage insurance, or mandatory
>flood insurance.

Why did your builder care? Whether you have a mortgage or not, it's
all cash to him. There is no mortgage insurance unless you have more
house than you can afford. If you're in a flood plane, you're stupid
if you don't have flood insurance. Don't you have fire insurance?


k

in reply to [email protected] on 06/04/2017 8:43 PM

08/04/2017 10:14 PM

On Sat, 08 Apr 2017 20:46:30 -0400, [email protected] wrote:

>On Sat, 8 Apr 2017 12:20:33 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/8/2017 11:01 AM, [email protected] wrote:
>>> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
>>> wrote:
>>>
>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> Where is floods all the time.
>>>>>
>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>
>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>> flood insurance, if you do not they will get it for you. The
>>>> difference when we were on the edge of a C zone, from us buy and them
>>>> providing was over $300 a year.
>>>
>>> It's the same for fire insurance. We had a mortgage company that was
>>> trying their best to force us to buy fire insurance from them (they
>>> refused my company's documentation and were automatically billing us).
>>> Their automatic charge was 5x the norm. That wasn't the only BS they
>>> were pulling, either. Scum.
>>>
>>
>>
>>If you settle for letting the mortgage company buy insurance for you,
>>you get what you deserve. You can simply buy from whom you want and
>>cancel the higher policy, the mortgage company can not do anything about
>>that. They can how ever require you to have the insurance and will
>>insure that you do by increasing your escrow to pay for it.
>>If your insurance company provides proof the mortgage company has to
>>adjust your escrow
> Up here buying mortgage insurance is WAY more expensive than buying
>declining benefit term insurance from a life insurance company. 20
>year mortgage? Buy 20 year term insurance. Iven straight term is less
>expensive than martgage insurance

And it's not required, by law. That's not to say that life insurance
is bad, just that the mortgage company cannot compel you to buy it.

Pp

Puckdropper

in reply to [email protected] on 06/04/2017 8:43 PM

09/04/2017 12:17 AM

Markem <[email protected]> wrote in
news:[email protected]:

>
> How about flood insurance for houseboats. :~>
>

After watching every episode of MacGyver with a houseboat in it, I can
say the hazards are:
1. Crazy (and hot) professor untieing your house and setting it adrift
2. Fun but wacky best friend moving in (Hi Jack!)
3. Crazy man with a photography fetish setting lethal bobbytraps
4. Very cute girl borrows your shower and a hockey jersey. I don't
remember if she did it again on her second visit, that was the one where
MacGyver fell asleep and dreamed his life was a western.
5. I think someone set fire to it. That's what did it in. Murdoc?

Never once did his house boat flood!

What we can see here is that house boats obviously don't flood (so flood
insurance is pointless) and Puckdropper enjoys MacGyver enough to compile
such a list (it's not a complete list, he does have a life!)

Puckdropper
--
http://www.puckdroppersplace.us/rec.woodworking
A mini archive of some of rec.woodworking's best and worst!

Ll

Leon

in reply to [email protected] on 06/04/2017 8:43 PM

10/04/2017 12:03 PM

On 4/9/2017 6:28 PM, [email protected] wrote:

>>> <trying not to flog a deceased equine further> ...but you would have
>>> gotten exactly the same deal if you had &megabank write the check.
>>> It's all cash to the contractor.
>>>
>>
>> The bank is not going to take your word for it and hand you a check for
>> X dollars to build a new home. They send the check to the closing/title
>> company.
>
> Irrelevant. The point is that the builder gets the same money either
> way.

Look, I am only telling what the builder told me. I got the $5,000
discount for paying cash and not involving a mortgage company. This
obviously saves the builder money. Seriously, why else would the
builder offer me and additional $5,000 off after the negotiated price?




>
>> The builder has to pay title companies, surveyors, appraisers, and
>> attorneys to get all the paper work together to prove that the house is
>> worth the risk and to insure that the home meets certain standards to
>> qualify for the loan.
>
> All irrelevant. ...or are you saying that you would buy a house on
> unsurveyed property?

No, you are going off on a tangent again.



Mm

Markem

in reply to [email protected] on 06/04/2017 8:43 PM

08/04/2017 5:37 PM

On Sat, 8 Apr 2017 15:45:44 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 1:55 PM, Markem wrote:
>> On Sat, 8 Apr 2017 12:16:15 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/8/2017 10:40 AM, Markem wrote:
>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> Where is floods all the time.
>>>>>
>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>
>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>> flood insurance, if you do not they will get it for you. The
>>>> difference when we were on the edge of a C zone, from us buy and them
>>>> providing was over $300 a year.
>>>>
>>>
>>> I think that is what I said, if you finance.
>>
>> Yes you did sir. I tried to provide a bit more info. I would say
>> though if you are in a flood zone and they will not provide insurance,
>> build your place on stilts.
>>
>
>Yes. River homes built on the banks are typically on stilts and I
>seriously doubt you could buy flood insurance for them either. ;~)
>
>Shhhhhh! Don't mention the possibility of having to add flood insurance
>to automobiles as an extra. Coverage covers vehicles for flood now but
>if they get wind of it.......
>
>I would say that hundreds if not thousands of vehicles get flooded every
>year in Houston.

How about flood insurance for houseboats. :~>

k

in reply to [email protected] on 06/04/2017 8:43 PM

08/04/2017 10:24 PM

On Sat, 08 Apr 2017 20:48:09 -0400, [email protected] wrote:

>On Sat, 08 Apr 2017 13:55:24 -0500, Markem <[email protected]>
>wrote:
>
>>On Sat, 8 Apr 2017 12:16:15 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>>On 4/8/2017 10:40 AM, Markem wrote:
>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> Where is floods all the time.
>>>>>
>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>
>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>> flood insurance, if you do not they will get it for you. The
>>>> difference when we were on the edge of a C zone, from us buy and them
>>>> providing was over $300 a year.
>>>>
>>>
>>>I think that is what I said, if you finance.
>>
>>Yes you did sir. I tried to provide a bit more info. I would say
>>though if you are in a flood zone and they will not provide insurance,
>>build your place on stilts.
> In many cases you can't even get a building permit in a flood plain
>up here.

It certainly depends on the frequency of flooding but that's the way
it should be. Federal flood insurance is a boondoggle. Why are the
richest being subsidized?

k

in reply to [email protected] on 06/04/2017 8:43 PM

09/04/2017 7:28 PM

On Sun, 9 Apr 2017 11:32:06 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 9:09 PM, [email protected] wrote:
>> On Sat, 8 Apr 2017 12:13:26 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/8/2017 10:58 AM, [email protected] wrote:
>>>> On Sat, 8 Apr 2017 10:37:29 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/8/2017 10:26 AM, [email protected] wrote:
>>>>>> On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>
>>>>>>> On 4/7/2017 9:47 PM, [email protected] wrote:
>>>>>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>>>
>>>>>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>>>>>
>>>>>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>>>>>
>>>>>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>>>>>
>>>>>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>>>>>
>>>>>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>>>>>
>>>>>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>>>>>> flood insurance.
>>>>>>>>>>
>>>>>>>>>> Why did your builder care?
>>>>>>>>>
>>>>>>>>> The builder does not have to pay extra points for loan qualification.
>>>>>>>>
>>>>>>>> Why would the builder pay points on your loan?
>>>>>>>
>>>>>>> Ok, this is getting kind'a silly. Often a builder will pay points to
>>>>>>> lower the mortgage or to simply help with the expenses of the mortgage
>>>>>>> approval, this happened with our first home. Builders ALWAYS pay points
>>>>>>> to close the deal. If your builder did not you were had.
>>>>>>
>>>>>> That's absurd. I shop mortgages for myself. Why would I take their
>>>>>> financing?
>>>>>
>>>>> I don't know what you would do or what you might be thinking. And this
>>>>> would work with whom ever you chose to use for financing. There are
>>>>> costs involved with obtaining a home loan other than simply paying back
>>>>> the P&I.
>>>>
>>>> Huh? None of the costs have anything to do with the builder (or
>>>> anyone else you may buy a house from). If the builder is buying down
>>>> the interest to make his house look more attractive, well, just do it
>>>> yourself. The point is that the builder is getting a wad of cash. He
>>>> doesn't care if it's coming from you or a bank. Any "discounts" for
>>>> cash are just come-ons.
>>>>
>>>>>>> Anyway here is how our sale went. After negotiating and agreeing to the
>>>>>>> the price to build the home the salesman asked if we already had an
>>>>>>> approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>>>>>> get an extra $5K off of your negotiated price.
>>>>>>>
>>>>>>> If you need further details I suggest you visit DRHorton.com
>>>>>>
>>>>>> So the analogy is to take dealer financing on cars? In almost all
>>>>>> cases, that's silly.
>>>>>>
>>>>>
>>>>> I said nothing about taking anyone's financing. The builder wanted to
>>>>> know if I was preapproved. The discount he gave us was for not having
>>>>> to participate, to compete with the builder next door, with buying down
>>>>> percentage points, loan origination fees, appraisals for the loan, extra
>>>>> surveys for the loan, etc.
>>>>
>>>> So he didn't give you anything (for purchasing with cash). He would
>>>> have given the same deal to anyone who walked in with financing.
>>>>
>>>
>>>
>>> What I said above. We got an additional $5K discount after the
>>> negotiated price for paying cash.
>>
>> <trying not to flog a deceased equine further> ...but you would have
>> gotten exactly the same deal if you had &megabank write the check.
>> It's all cash to the contractor.
>>
>
>The bank is not going to take your word for it and hand you a check for
>X dollars to build a new home. They send the check to the closing/title
>company.

Irrelevant. The point is that the builder gets the same money either
way.

>The builder has to pay title companies, surveyors, appraisers, and
>attorneys to get all the paper work together to prove that the house is
>worth the risk and to insure that the home meets certain standards to
>qualify for the loan.

All irrelevant. ...or are you saying that you would buy a house on
unsurveyed property?

>Now if you borrow against other collateral or get a home equity loan and
>use t6hat to build a house then it would not matter to the builder.

Ll

Leon

in reply to [email protected] on 06/04/2017 8:43 PM

09/04/2017 11:19 AM

On 4/8/2017 9:14 PM, [email protected] wrote:
> On Sat, 08 Apr 2017 20:46:30 -0400, [email protected] wrote:
>
>> On Sat, 8 Apr 2017 12:20:33 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/8/2017 11:01 AM, [email protected] wrote:
>>>> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
>>>> wrote:
>>>>
>>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> Where is floods all the time.
>>>>>>
>>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>>
>>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>>> flood insurance, if you do not they will get it for you. The
>>>>> difference when we were on the edge of a C zone, from us buy and them
>>>>> providing was over $300 a year.
>>>>
>>>> It's the same for fire insurance. We had a mortgage company that was
>>>> trying their best to force us to buy fire insurance from them (they
>>>> refused my company's documentation and were automatically billing us).
>>>> Their automatic charge was 5x the norm. That wasn't the only BS they
>>>> were pulling, either. Scum.
>>>>
>>>
>>>
>>> If you settle for letting the mortgage company buy insurance for you,
>>> you get what you deserve. You can simply buy from whom you want and
>>> cancel the higher policy, the mortgage company can not do anything about
>>> that. They can how ever require you to have the insurance and will
>>> insure that you do by increasing your escrow to pay for it.
>>> If your insurance company provides proof the mortgage company has to
>>> adjust your escrow
>> Up here buying mortgage insurance is WAY more expensive than buying
>> declining benefit term insurance from a life insurance company. 20
>> year mortgage? Buy 20 year term insurance. Iven straight term is less
>> expensive than martgage insurance
>
> And it's not required, by law. That's not to say that life insurance
> is bad, just that the mortgage company cannot compel you to buy it.
>

Well the mortgage company can compel you to buy it by turning you down
for the loan or not.

k

in reply to [email protected] on 04/04/2017 10:09 PM

06/04/2017 8:39 PM

On Thu, 6 Apr 2017 12:51:16 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Thursday, April 6, 2017 at 3:18:29 PM UTC-4, [email protected] wrote:
>> On Thu, 6 Apr 2017 07:35:37 -0700 (PDT), DerbyDad03
>> <[email protected]> wrote:
>>
>> >On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
>> >> On 4/5/2017 10:35 PM, [email protected] wrote:
>> >> Snip
>> >>
>> >>
>> >> >
>> >> > I'm sure glad I'm not buying or selling in the current market. We were
>> >> > looking 2 years ago but I'll put in stair lifts and stay in the house
>> >> > we have for a lot less than just the real estate comissions involved
>> >> > in changing houses - and there are no decent bungalows available for
>> >> > what we are likely to get for our 2 story - and I refuse to deal with
>> >> > a mortgage in retirement.
>> >> >
>> >>
>> >> What's a mortgage? ;~)
>> >
>> >A method used to raise cash at a low interest rate so that it can be invested
>> >at a higher rate of return.
>>
>> ...and a sure-fire method of bankruptcy.
>
>Not "sure-fire", but a possibility. ("sure-fire" to me means guaranteed. That
>just isn't the case.)

If you're over-leveraged, it's just a matter of time until the cards
fall. We all saw that a few years back.
>
>> >
>> >Possibly risky and something that has to be managed carefully, yes, but a
>> >strategy used by wealthy people (and businesses) quite often.
>>
>> Also of really poor people.
>
>Yep, that's why I said "Possibly risky and something that has to be
>managed carefully" It's not a tactic to be employed casually.
>
>> >
>> >Lots of rich folks (and businesses) have mortgages that they could pay off
>> >this afternoon if they wanted to.
>>
>> Oh, hell, I could have done that some time back but why bother?
>
>Why pay interest if you don't have to, unless of course, you are using your
>money to make more than the loan is costing you or the inflation rate is
>higher than your interest rate?

Because the cost of the money was so low the value of the "safety net"
was larger. Cash in the bank gives off soft fuzzies.
>
>Even billionaires take out mortgages.
>
>http://www.csmonitor.com/Business/2012/0717/Zuckerberg-s-1-percent-mortgage-Why-does-a-billionaire-need-a-loan

https://www.daveramsey.com/

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 8:40 AM

On 4/2/2017 10:57 PM, [email protected] wrote:

>>
>> If it's really that hot, housing is very under priced. Ninety days is
>> considered "normal". This isn't even the normal peak buying time.
>>
>> BTW, if I move again, I certainly wouldn't even try to buy a house
>> after selling. Way too stressful.
> When a 3 bedroom 45 year old semi-detatched home with no garage in a
> "working class" subdivision sells for over $350,000 I don't think the
> house is "under-priced"
> With the influx of Toronto buyers I think you could sell a henhouse in
> a week for what would have been the high end of the market for a
> decent house less than 2 years ago.
> It's NUTS.

How easy is getting a mortgage? I hope it is not heading like our
housing market before the bubble burst. Of course, if you earned $2000
a month and your payment would be $1999 you qualified.

Ss

Steve

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 9:40 AM

On Saturday, April 1, 2017 at 10:28:32 AM UTC-4, Leon wrote:
> On 4/1/2017 9:20 AM, DerbyDad03 wrote:
> > My neighbor is selling his house. He has a wood shop in his basement, m=
aybe
> > 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, =
etc.
> > The shop is at ground level, with a door to the back yard. Some pretty =
nice
> > stuff has come out that shop.
> >
> > The rest of the basement is unfinished, basically one large room with t=
he
> > furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
> > there's a shower stall bathroom in the corner. The basement can be acce=
ssed
> > by stairs from the kitchen or through the shop. They are 2 separate spa=
ces.
> > It's sloped lot, allowing for a walk-out basement in the rear for the s=
hop.
> >
> > His realtor has told him that he should empty the shop before showing t=
he
> > house, so he has moved all of his equipment and material to storage unt=
il
> > his new house is ready.
> >
> > What are your thoughts? Would you have left the shop as staging or empt=
ied
> > the room like the realtor suggested? I know we are biased, so maybe we =
aren't
> > the right people to ask. ;-) If staging bedrooms and kitchens is all th=
e
> > rage these days, why not stage a shop?
> >
>=20
> If you have a place to move the equipment to, move it out. As hard as=20
> this is to believe, not every man is a "He-man" and he may not, if he=20
> even has any say in the matter, care to see wood working equipment. ;~)
> An empty room just looks bigger and uncluttered, that is what the=20
> realtor and perspective buyers want to see for a storage area.=20
> Basically the area is not only intended to be a shop and a perspective=20
> buyer may see it as only a room intended to be a shop if it is filled=20
> with equipment. If the room is empty the buyer can see it as any thing=
=20
> he or she wants it to be.

I'm in Real estate. Granted, most of what I do is commercial, but it's the=
same thing at the end of the day. Leon nailed it with this:=20

Basically the area is not only intended to be a shop and a perspective=20
> buyer may see it as only a room intended to be a shop if it is filled=20
> with equipment. If the room is empty the buyer can see it as any thing=
=20
> he or she wants it to be.

Current Owner's shop could be new owner's gym ... or their home office for =
the business they run, or a place for the kids to play out of earshot of mi=
grained parents, or (today) a 'private movie theater' (I still can't believ=
e that trend.) ...a billiards/pool room. In the setting that you describe=
d, it's possible that the shop becomes a recreational place for the new own=
ers to set up their equipment & fun for the new pool they may add to the ba=
ck yard. Add a hot tub, little bar, open up the back with a slider or big=
overhead door, and bang-- you're in their maritime oasis. =20

The best bet is for the people reviewing the home is to see "whatever it is=
they may see" in the home's rooms. Therefore, the best bet for a person se=
lling a home is to let the buyers see "whatever it is they may see." =20

Think about the very first time you saw your shop-- what was it when you s=
aw it? In my case, it was someone's garage. My prior shop before that was =
a workout room. My wife saw my shop as a greenhouse/garden set up area. (=
I claimed it first and she got the front porch, which has better light anyw=
ay!) =20

In terms of staging, generally speaking, a living room is a living room, =
a bedroom really is a bedroom (or small office), and a dining room really i=
s a dining room. These are easy to declutter and stage. Not much staging =
is done in a kitchen-- it usually already has its stuff. "Bonus" spaces, h=
owever, are best left empty or nearly empty. =20

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 7:24 PM

On 4/2/2017 7:08 PM, Markem wrote:

>
> Go check out realty ads, craigslist or Realtor.com, zillow.
>
> The pictures that kill me are when the house is stuffed to the gills,
> but the pics are that nice soft focus (blurry). You can tell the
> staged ones. My preference when looking at houses, empty my
> imagination can fill it.
>
> I doubt anyone has kept statistics that are valid as to which sell
> best though, the messy one though are probably last.
>

Most people depends on the money from the sale of their house to use as
downpayment on the new one so they want to sell before moving. If the
house is empty, why? Overpriced? Problem with structure?

c

in reply to Ed Pawlowski on 02/04/2017 7:24 PM

04/04/2017 12:29 AM

On Mon, 3 Apr 2017 21:36:38 -0400, FrozenNorth
<[email protected]> wrote:

>On 2017-04-03 9:24 PM, [email protected] wrote:
>> On Mon, 3 Apr 2017 17:01:38 -0400, FrozenNorth
>> <[email protected]> wrote:
>>
>>> On 2017-04-03 4:54 PM, [email protected] wrote:
>>>> On Mon, 03 Apr 2017 13:28:56 -0400, [email protected] wrote:
>>>>
>>>>> On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:
>>>>>
>>>>>> On 4/2/2017 10:57 PM, [email protected] wrote:
>>>>>>
>>>>>>>>
>>>>>>>> If it's really that hot, housing is very under priced. Ninety days is
>>>>>>>> considered "normal". This isn't even the normal peak buying time.
>>>>>>>>
>>>>>>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>>>>>>> after selling. Way too stressful.
>>>>>>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>>>>>>> "working class" subdivision sells for over $350,000 I don't think the
>>>>>>> house is "under-priced"
>>>>>>> With the influx of Toronto buyers I think you could sell a henhouse in
>>>>>>> a week for what would have been the high end of the market for a
>>>>>>> decent house less than 2 years ago.
>>>>>>> It's NUTS.
>>>>>>
>>>>>> How easy is getting a mortgage? I hope it is not heading like our
>>>>>> housing market before the bubble burst. Of course, if you earned $2000
>>>>>> a month and your payment would be $1999 you qualified.
>>>>>
>>>>> It does seem to be going back that way. Not so much qualified income
>>>>> and no-docs, perhaps, but the (close to) 100% loans are back.
>>>> Not up here. Thank Goodness.
>>>> It's bad enough that the "well healed" Torontonians are grabbing up
>>>> everything in sight (The vast majority recent immigrants, by the way)
>>>> without all the riff-raff joining them. It does make it hard for our
>>>> kids to buy houses - they would qualify for what the houses were
>>>> selling for 2 years ago - but now they are being totally bid out of
>>>> the market - with Semis and townhouses over $300,000, and bidding wars
>>>> - and lineps around the block when new condos go up for sale. This
>>>> weekend a 40 unit condo sold out in hours - with a waiting list for
>>>> the next tower virtually selling it out before it is built.And it's
>>>> not a cheap condo tower ----. Being 10 minutes from the 401 it was
>>>> sold almost totally to Toronto Commuters.
>>>>
>>> That drive must be brutal on the 401, through part of Toronto,
>>> Mississauga and the rest of the trip to Waterloo, especially doing it in
>>> rush hour twice a day. It would be different if I could get a job
>>> there, and probably pocket a good hunk of change.
>> On a good day an hour will get me from North Waterloo to Pearson. My
>> oldest daughter drives from Midtown Kitchener to World Place in
>> Mississauga -She generally allows an hour and a half and usually gets
>> there early enough to stop for a coffee. There have been times where
>> it took over 2 hours, and sometimes she takes the back roads to
>> Milton. from Mississauga, or from Milton to Mississauga.
>> It IS a nerve wracking drive, but nothing like driving from
>> Mississauga to Scarboonie, or vice versa!!!!!!
>>
>> What kind of work do you do??
>>
>Retired now, worked in computers, programming and network admin for many
>years. In the mid eighties I actually did drive the
>Mississauga/Scarborough run for a commute, that got old, and fast, got a
>job in Mississauga.
Back when I was in the automotive service business as Service Manager
for Toyota I used to make the run from Waterloo to Scarboonie every
couple of months. Started out I could do the trip in an hour and a
half to get to headquarters for 9am if I left at 7:30. Then it got so
I could do it in an hour and a half if I left at 7, but it took over 2
if I left at 7:30. By the time I got out of that business back in '89,
if I wanted to be there for 9am I had to leave at 5:30 - and I'd
arrive at 7:00. If I left at 6:00, I'd get there at 8:00, if I left at
6:30 I might get there by 9:30 on a good day - - - -

wn

woodchucker

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 12:57 PM

On 4/6/2017 12:40 PM, Steve wrote:
> On Saturday, April 1, 2017 at 10:28:32 AM UTC-4, Leon wrote:
>> On 4/1/2017 9:20 AM, DerbyDad03 wrote:
>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>> stuff has come out that shop.
>>>
>>> The rest of the basement is unfinished, basically one large room with the
>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>
>>> His realtor has told him that he should empty the shop before showing the
>>> house, so he has moved all of his equipment and material to storage until
>>> his new house is ready.
>>>
>>> What are your thoughts? Would you have left the shop as staging or emptied
>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>> rage these days, why not stage a shop?
>>>
>>
>> If you have a place to move the equipment to, move it out. As hard as
>> this is to believe, not every man is a "He-man" and he may not, if he
>> even has any say in the matter, care to see wood working equipment. ;~)
>> An empty room just looks bigger and uncluttered, that is what the
>> realtor and perspective buyers want to see for a storage area.
>> Basically the area is not only intended to be a shop and a perspective
>> buyer may see it as only a room intended to be a shop if it is filled
>> with equipment. If the room is empty the buyer can see it as any thing
>> he or she wants it to be.
>
> I'm in Real estate. Granted, most of what I do is commercial, but it's the same thing at the end of the day. Leon nailed it with this:
>
> Basically the area is not only intended to be a shop and a perspective
>> buyer may see it as only a room intended to be a shop if it is filled
>> with equipment. If the room is empty the buyer can see it as any thing
>> he or she wants it to be.
>
> Current Owner's shop could be new owner's gym ... or their home office for the business they run, or a place for the kids to play out of earshot of migrained parents, or (today) a 'private movie theater' (I still can't believe that trend.) ...a billiards/pool room. In the setting that you described, it's possible that the shop becomes a recreational place for the new owners to set up their equipment & fun for the new pool they may add to the back yard. Add a hot tub, little bar, open up the back with a slider or big overhead door, and bang-- you're in their maritime oasis.
>
> The best bet is for the people reviewing the home is to see "whatever it is they may see" in the home's rooms. Therefore, the best bet for a person selling a home is to let the buyers see "whatever it is they may see."
>
> Think about the very first time you saw your shop-- what was it when you saw it? In my case, it was someone's garage. My prior shop before that was a workout room. My wife saw my shop as a greenhouse/garden set up area. (I claimed it first and she got the front porch, which has better light anyway!)
>
> In terms of staging, generally speaking, a living room is a living room, a bedroom really is a bedroom (or small office), and a dining room really is a dining room. These are easy to declutter and stage. Not much staging is done in a kitchen-- it usually already has its stuff. "Bonus" spaces, however, are best left empty or nearly empty.
>
So what you are saying is people have no imagination and can only see it
for what it is.

Years ago, homes were never staged, you went out and saw what people
had. You used your imagination. Figured out what you wanted it to look
like.

--
Jeff

Ss

Steve

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 8:53 AM

On Wednesday, April 26, 2017 at 11:20:56 PM UTC-4, DerbyDad03 wrote:

>
> The listing includes the words:
>
> WALKOUT BSMNT FEATURES GLASS BLK WNDWS, FBA, & LARGE SHOP W/LOTS OF ELECT!
>
> So much for letting potential buyers use their imagination as to what the
> room could be used for. ;-)

ha!! after all that..

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 9:28 PM

On 03 Apr 2017 21:35:48 GMT, Puckdropper
<puckdropper(at)yahoo(dot)com> wrote:

>[email protected] wrote in
>news:[email protected]:
>
>>
>> Or a thousand miles South and get three times the house on 20 times
>> the property and still be within an hour[*] of six woodworking stores.
>> ;-)
>>
>> [*] Well, before a key highway collapsed.
>
>Yeah, but what happens when it rains?
>
>I've been there (Atlanta) when it's rained... Sure doesn't take long for
>someone to slide into someone and clog up all the major expressways out of
>town.

Rush hour(s) is a mess anytime but when it gets wet the drivers really
turn into assholes. Fortunately, I live far enough out (~30mi from
midtown), and on the side where traffic isn't an issue. When I go to
the other side, I make sure it's either the weekend or in the middle
of the day (or the ER a couple of times at 2:00AM :-( ).
>
>Is Toronto better about that?

Snow is no fun, even when they know what to do with it. I'm done with
that stuff!

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 8:57 PM

On Sat, 1 Apr 2017 15:26:45 -0500, -MIKE- <[email protected]>
wrote:

>On 4/1/17 9:34 AM, DerbyDad03 wrote:
>> On Saturday, April 1, 2017 at 10:26:15 AM UTC-4, Michael wrote:
>>> On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
>>>> My neighbor is selling his house. He has a wood shop in his
>>>> basement, maybe 15 x 25. Table saw, jointer, planer, bandsaw, a
>>>> couple of workbenches, etc. The shop is at ground level, with a
>>>> door to the back yard. Some pretty nice stuff has come out that
>>>> shop.
>>>>
>>>> The rest of the basement is unfinished, basically one large room
>>>> with the furnace, water heater, washer, dryer and some storage
>>>> shelves. Oh yeah, there's a shower stall bathroom in the corner.
>>>> The basement can be accessed by stairs from the kitchen or
>>>> through the shop. They are 2 separate spaces. It's sloped lot,
>>>> allowing for a walk-out basement in the rear for the shop.
>>>>
>>>> His realtor has told him that he should empty the shop before
>>>> showing the house, so he has moved all of his equipment and
>>>> material to storage until his new house is ready.
>>>>
>>>> What are your thoughts? Would you have left the shop as staging
>>>> or emptied the room like the realtor suggested? I know we are
>>>> biased, so maybe we aren't the right people to ask. ;-) If
>>>> staging bedrooms and kitchens is all the rage these days, why not
>>>> stage a shop?
>>>
>>> The rule is empty because it looks bigger and the buyer imagines
>>> all his or her stuff in there.
>>
>> That's not the "rule" we're following as we get my dad's house ready
>> to show.
>>
>> The realtor has a "stager" on staff that went through the house and
>> told us what to leave. Beds, a dresser, a small desk in a room that
>> could be an office, etc. They even have air mattresses, bed frames
>> and other items that they can set up if you can't leave your own
>> stuff.
>>
>> DAGS 'staging a house for showing'
>>
>
>If you will notice when realtors stage a house they use a minimum amount
>of furniture in each room and always the smaller choices of furniture.
>You won't see a California King in a 12x16 bedroom.
In a lot of cases a 12X16 is a BIG bedroom!!

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 10:31 PM

On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:

>On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>
>>On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>
>>>On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>><[email protected]> wrote:
>>>
>>>>On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>DerbyDad03 <[email protected]> wrote:
>>>>
>>>>> So much for letting potential buyers use their imagination as to what
>>>>> the room could be used for. ;-)
>>>>
>>>>the point of removing furnishings is to make the space look and feel
>>>>bigger
>>>
>>>There is a limit to that. There should be enough in a room to make it
>>>look useful but not enough to make it junky. A lot of people can't
>>>"see" their bed in an empty room. OTOH, if there is a queen bed in
>>>the room, it's a lot easier to imagine your king in the same room.
>>>There is a reason people pay big money to stage homes.
>> Total waste of money in this local market where there are multiple
>>bids on virtually every listing, and they usually sell way over listed
>>price - with no conditions, and often sight unseen. Crazy I know, but
>>that's the market in the Greater Golden Horseshoe.
>
>Probably but it makes the point that you shouldn't totally empty
>rooms. De-junkify, absolutely. Remove everything? Not necessarily.
In a "normal" market you want the house look like it's liveable. A
bit of furniture gives it some "scale". I think an empty house is a
harder sell - in a normal market. If nothing else it detracts from
some of the normal "wear and tear"

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 1:01 PM

On Mon, 3 Apr 2017 03:53:33 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Sunday, April 2, 2017 at 10:54:47 PM UTC-4, Electric Comet wrote:
>> On Sat, 1 Apr 2017 07:20:27 -0700 (PDT)
>> DerbyDad03 <[email protected]> wrote:
>>
>> > maybe we aren't the right people to ask. ;-) If staging bedrooms and
>> > kitchens is all the rage these days, why not stage a shop?
>>
>> because a shop is more personal to a woodworker
>> we are particular about our tools
>>
>> woodworker is a very very small market segment
>>
>> plus what is the commision for a realtor these days
>>
>> maybe make them earn that and take their advice
>
>As if different realtors don't have different opinions.
>
>Just because were paying them doesn't make them right 100% of the time.
Sometimes 50% is optimistic.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 3:53 AM

On Sunday, April 2, 2017 at 10:54:47 PM UTC-4, Electric Comet wrote:
> On Sat, 1 Apr 2017 07:20:27 -0700 (PDT)
> DerbyDad03 <[email protected]> wrote:
>
> > maybe we aren't the right people to ask. ;-) If staging bedrooms and
> > kitchens is all the rage these days, why not stage a shop?
>
> because a shop is more personal to a woodworker
> we are particular about our tools
>
> woodworker is a very very small market segment
>
> plus what is the commision for a realtor these days
>
> maybe make them earn that and take their advice

As if different realtors don't have different opinions.

Just because were paying them doesn't make them right 100% of the time.

Ll

Leon

in reply to DerbyDad03 on 03/04/2017 3:53 AM

06/04/2017 3:41 PM

On 4/6/2017 2:12 PM, [email protected] wrote:

>> Lots of rich folks (and businesses) have mortgages that they could pay off
>> this afternoon if they wanted to.
>
> Oh, hell, I could have done that some time back but why bother?


To keep from having to make a money transfer or write another check.
Even automatic transfers can screw up. And if you are paying interest
at all it is costing you money to keep the mortgage.

Our builder knocked an additional $5K off the price of our house for
paying cash plus no extra expense for mortgage insurance, or mandatory
flood insurance.

c

in reply to Leon on 06/04/2017 3:41 PM

08/04/2017 8:48 PM

On Sat, 08 Apr 2017 13:55:24 -0500, Markem <[email protected]>
wrote:

>On Sat, 8 Apr 2017 12:16:15 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/8/2017 10:40 AM, Markem wrote:
>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> Where is floods all the time.
>>>>
>>>> If you can't buy flood insurance you should take that as a warning.
>>>
>>> If you are in a flood zone A - C, your mortgage provider will require
>>> flood insurance, if you do not they will get it for you. The
>>> difference when we were on the edge of a C zone, from us buy and them
>>> providing was over $300 a year.
>>>
>>
>>I think that is what I said, if you finance.
>
>Yes you did sir. I tried to provide a bit more info. I would say
>though if you are in a flood zone and they will not provide insurance,
>build your place on stilts.
In many cases you can't even get a building permit in a flood plain
up here.

k

in reply to Leon on 06/04/2017 3:41 PM

08/04/2017 10:13 PM

On Sat, 8 Apr 2017 12:20:33 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 11:01 AM, [email protected] wrote:
>> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
>> wrote:
>>
>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> Where is floods all the time.
>>>>
>>>> If you can't buy flood insurance you should take that as a warning.
>>>
>>> If you are in a flood zone A - C, your mortgage provider will require
>>> flood insurance, if you do not they will get it for you. The
>>> difference when we were on the edge of a C zone, from us buy and them
>>> providing was over $300 a year.
>>
>> It's the same for fire insurance. We had a mortgage company that was
>> trying their best to force us to buy fire insurance from them (they
>> refused my company's documentation and were automatically billing us).
>> Their automatic charge was 5x the norm. That wasn't the only BS they
>> were pulling, either. Scum.
>>
>
>
>If you settle for letting the mortgage company buy insurance for you,
>you get what you deserve. You can simply buy from whom you want and
>cancel the higher policy, the mortgage company can not do anything about
>that. They can how ever require you to have the insurance and will
>insure that you do by increasing your escrow to pay for it.
>If your insurance company provides proof the mortgage company has to
>adjust your escrow

Yes, that's certainly the law however mortgage companies aren't known
to be the most honest institutions. IME, they'll try anything.

c

in reply to Leon on 06/04/2017 3:41 PM

08/04/2017 8:46 PM

On Sat, 8 Apr 2017 12:20:33 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 11:01 AM, [email protected] wrote:
>> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
>> wrote:
>>
>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> Where is floods all the time.
>>>>
>>>> If you can't buy flood insurance you should take that as a warning.
>>>
>>> If you are in a flood zone A - C, your mortgage provider will require
>>> flood insurance, if you do not they will get it for you. The
>>> difference when we were on the edge of a C zone, from us buy and them
>>> providing was over $300 a year.
>>
>> It's the same for fire insurance. We had a mortgage company that was
>> trying their best to force us to buy fire insurance from them (they
>> refused my company's documentation and were automatically billing us).
>> Their automatic charge was 5x the norm. That wasn't the only BS they
>> were pulling, either. Scum.
>>
>
>
>If you settle for letting the mortgage company buy insurance for you,
>you get what you deserve. You can simply buy from whom you want and
>cancel the higher policy, the mortgage company can not do anything about
>that. They can how ever require you to have the insurance and will
>insure that you do by increasing your escrow to pay for it.
>If your insurance company provides proof the mortgage company has to
>adjust your escrow
Up here buying mortgage insurance is WAY more expensive than buying
declining benefit term insurance from a life insurance company. 20
year mortgage? Buy 20 year term insurance. Iven straight term is less
expensive than martgage insurance

EP

Ed Pawlowski

in reply to Leon on 06/04/2017 3:41 PM

08/04/2017 10:38 PM

On 4/8/2017 8:48 PM, [email protected] wrote:

> In many cases you can't even get a building permit in a flood plain
> up here.
>

Why would you want one? Unless you are building a house on stilts.

Ff

FrozenNorth

in reply to Leon on 06/04/2017 3:41 PM

08/04/2017 8:55 PM

On 2017-04-08 8:46 PM, [email protected] wrote:
> On Sat, 8 Apr 2017 12:20:33 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/8/2017 11:01 AM, [email protected] wrote:
>>> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
>>> wrote:
>>>
>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> Where is floods all the time.
>>>>>
>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>
>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>> flood insurance, if you do not they will get it for you. The
>>>> difference when we were on the edge of a C zone, from us buy and them
>>>> providing was over $300 a year.
>>>
>>> It's the same for fire insurance. We had a mortgage company that was
>>> trying their best to force us to buy fire insurance from them (they
>>> refused my company's documentation and were automatically billing us).
>>> Their automatic charge was 5x the norm. That wasn't the only BS they
>>> were pulling, either. Scum.
>>>
>>
>>
>> If you settle for letting the mortgage company buy insurance for you,
>> you get what you deserve. You can simply buy from whom you want and
>> cancel the higher policy, the mortgage company can not do anything about
>> that. They can how ever require you to have the insurance and will
>> insure that you do by increasing your escrow to pay for it.
>> If your insurance company provides proof the mortgage company has to
>> adjust your escrow
> Up here buying mortgage insurance is WAY more expensive than buying
> declining benefit term insurance from a life insurance company. 20
> year mortgage? Buy 20 year term insurance. Iven straight term is less
> expensive than martgage insurance
>
Yep, mortgage insurance was offered of course, I declined, it was crazy
expensive, irrelevant now though.

--
Froz....

Dt

DerbyDad03

in reply to DerbyDad03 on 03/04/2017 3:53 AM

06/04/2017 2:23 PM

On Thursday, April 6, 2017 at 4:42:11 PM UTC-4, Leon wrote:
> On 4/6/2017 2:12 PM, [email protected] wrote:
>
> >> Lots of rich folks (and businesses) have mortgages that they could pay off
> >> this afternoon if they wanted to.
> >
> > Oh, hell, I could have done that some time back but why bother?
>
>
> To keep from having to make a money transfer or write another check.
> Even automatic transfers can screw up. And if you are paying interest
> at all it is costing you money to keep the mortgage.
>
> Our builder knocked an additional $5K off the price of our house for
> paying cash plus no extra expense for mortgage insurance, or mandatory
> flood insurance.

OK...I misunderstood your response. When I said that some people could
pay off their mortgage any time they wanted, you said "Oh, hell, I could
have done that some time back". I thought you were saying that you could
have paid off your mortgage early but didn't want to bother.

Now I understand that you never had a mortgage in the first place. Different
situation.

c

in reply to DerbyDad03 on 03/04/2017 3:53 AM

06/04/2017 12:57 PM

On Thu, 6 Apr 2017 07:35:37 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
>> On 4/5/2017 10:35 PM, [email protected] wrote:
>> Snip
>>
>>
>> >
>> > I'm sure glad I'm not buying or selling in the current market. We were
>> > looking 2 years ago but I'll put in stair lifts and stay in the house
>> > we have for a lot less than just the real estate comissions involved
>> > in changing houses - and there are no decent bungalows available for
>> > what we are likely to get for our 2 story - and I refuse to deal with
>> > a mortgage in retirement.
>> >
>>
>> What's a mortgage? ;~)
>
>A method used to raise cash at a low interest rate so that it can be invested
>at a higher rate of return.
>
>Possibly risky and something that has to be managed carefully, yes, but a
>strategy used by wealthy people (and businesses) quite often.
>
>Lots of rich folks (and businesses) have mortgages that they could pay off
>this afternoon if they wanted to.
getting "over-leveraged" is a significantly common cause of
bankruptsy

k

in reply to DerbyDad03 on 03/04/2017 3:53 AM

06/04/2017 3:12 PM

On Thu, 6 Apr 2017 07:35:37 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
>> On 4/5/2017 10:35 PM, [email protected] wrote:
>> Snip
>>
>>
>> >
>> > I'm sure glad I'm not buying or selling in the current market. We were
>> > looking 2 years ago but I'll put in stair lifts and stay in the house
>> > we have for a lot less than just the real estate comissions involved
>> > in changing houses - and there are no decent bungalows available for
>> > what we are likely to get for our 2 story - and I refuse to deal with
>> > a mortgage in retirement.
>> >
>>
>> What's a mortgage? ;~)
>
>A method used to raise cash at a low interest rate so that it can be invested
>at a higher rate of return.

...and a sure-fire method of bankruptcy.
>
>Possibly risky and something that has to be managed carefully, yes, but a
>strategy used by wealthy people (and businesses) quite often.

Also of really poor people.
>
>Lots of rich folks (and businesses) have mortgages that they could pay off
>this afternoon if they wanted to.

Oh, hell, I could have done that some time back but why bother?

Ll

Leon

in reply to [email protected] on 06/04/2017 3:12 PM

08/04/2017 3:45 PM

On 4/8/2017 1:55 PM, Markem wrote:
> On Sat, 8 Apr 2017 12:16:15 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/8/2017 10:40 AM, Markem wrote:
>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> Where is floods all the time.
>>>>
>>>> If you can't buy flood insurance you should take that as a warning.
>>>
>>> If you are in a flood zone A - C, your mortgage provider will require
>>> flood insurance, if you do not they will get it for you. The
>>> difference when we were on the edge of a C zone, from us buy and them
>>> providing was over $300 a year.
>>>
>>
>> I think that is what I said, if you finance.
>
> Yes you did sir. I tried to provide a bit more info. I would say
> though if you are in a flood zone and they will not provide insurance,
> build your place on stilts.
>

Yes. River homes built on the banks are typically on stilts and I
seriously doubt you could buy flood insurance for them either. ;~)

Shhhhhh! Don't mention the possibility of having to add flood insurance
to automobiles as an extra. Coverage covers vehicles for flood now but
if they get wind of it.......

I would say that hundreds if not thousands of vehicles get flooded every
year in Houston.

Mm

Markem

in reply to [email protected] on 06/04/2017 3:12 PM

08/04/2017 1:55 PM

On Sat, 8 Apr 2017 12:16:15 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 10:40 AM, Markem wrote:
>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> Where is floods all the time.
>>>
>>> If you can't buy flood insurance you should take that as a warning.
>>
>> If you are in a flood zone A - C, your mortgage provider will require
>> flood insurance, if you do not they will get it for you. The
>> difference when we were on the edge of a C zone, from us buy and them
>> providing was over $300 a year.
>>
>
>I think that is what I said, if you finance.

Yes you did sir. I tried to provide a bit more info. I would say
though if you are in a flood zone and they will not provide insurance,
build your place on stilts.

k

in reply to [email protected] on 06/04/2017 3:12 PM

08/04/2017 10:09 PM

On Sat, 8 Apr 2017 12:13:26 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 10:58 AM, [email protected] wrote:
>> On Sat, 8 Apr 2017 10:37:29 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/8/2017 10:26 AM, [email protected] wrote:
>>>> On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/7/2017 9:47 PM, [email protected] wrote:
>>>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>
>>>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>>>
>>>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>>>
>>>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>>>
>>>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>>>
>>>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>>>
>>>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>>>> flood insurance.
>>>>>>>>
>>>>>>>> Why did your builder care?
>>>>>>>
>>>>>>> The builder does not have to pay extra points for loan qualification.
>>>>>>
>>>>>> Why would the builder pay points on your loan?
>>>>>
>>>>> Ok, this is getting kind'a silly. Often a builder will pay points to
>>>>> lower the mortgage or to simply help with the expenses of the mortgage
>>>>> approval, this happened with our first home. Builders ALWAYS pay points
>>>>> to close the deal. If your builder did not you were had.
>>>>
>>>> That's absurd. I shop mortgages for myself. Why would I take their
>>>> financing?
>>>
>>> I don't know what you would do or what you might be thinking. And this
>>> would work with whom ever you chose to use for financing. There are
>>> costs involved with obtaining a home loan other than simply paying back
>>> the P&I.
>>
>> Huh? None of the costs have anything to do with the builder (or
>> anyone else you may buy a house from). If the builder is buying down
>> the interest to make his house look more attractive, well, just do it
>> yourself. The point is that the builder is getting a wad of cash. He
>> doesn't care if it's coming from you or a bank. Any "discounts" for
>> cash are just come-ons.
>>
>>>>> Anyway here is how our sale went. After negotiating and agreeing to the
>>>>> the price to build the home the salesman asked if we already had an
>>>>> approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>>>> get an extra $5K off of your negotiated price.
>>>>>
>>>>> If you need further details I suggest you visit DRHorton.com
>>>>
>>>> So the analogy is to take dealer financing on cars? In almost all
>>>> cases, that's silly.
>>>>
>>>
>>> I said nothing about taking anyone's financing. The builder wanted to
>>> know if I was preapproved. The discount he gave us was for not having
>>> to participate, to compete with the builder next door, with buying down
>>> percentage points, loan origination fees, appraisals for the loan, extra
>>> surveys for the loan, etc.
>>
>> So he didn't give you anything (for purchasing with cash). He would
>> have given the same deal to anyone who walked in with financing.
>>
>
>
>What I said above. We got an additional $5K discount after the
>negotiated price for paying cash.

<trying not to flog a deceased equine further> ...but you would have
gotten exactly the same deal if you had &megabank write the check.
It's all cash to the contractor.

Ll

Leon

in reply to [email protected] on 06/04/2017 3:12 PM

09/04/2017 11:32 AM

On 4/8/2017 9:09 PM, [email protected] wrote:
> On Sat, 8 Apr 2017 12:13:26 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/8/2017 10:58 AM, [email protected] wrote:
>>> On Sat, 8 Apr 2017 10:37:29 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/8/2017 10:26 AM, [email protected] wrote:
>>>>> On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/7/2017 9:47 PM, [email protected] wrote:
>>>>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>>
>>>>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>>>>
>>>>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>>>>
>>>>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>>>>
>>>>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>>>>
>>>>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>>>>
>>>>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>>>>> flood insurance.
>>>>>>>>>
>>>>>>>>> Why did your builder care?
>>>>>>>>
>>>>>>>> The builder does not have to pay extra points for loan qualification.
>>>>>>>
>>>>>>> Why would the builder pay points on your loan?
>>>>>>
>>>>>> Ok, this is getting kind'a silly. Often a builder will pay points to
>>>>>> lower the mortgage or to simply help with the expenses of the mortgage
>>>>>> approval, this happened with our first home. Builders ALWAYS pay points
>>>>>> to close the deal. If your builder did not you were had.
>>>>>
>>>>> That's absurd. I shop mortgages for myself. Why would I take their
>>>>> financing?
>>>>
>>>> I don't know what you would do or what you might be thinking. And this
>>>> would work with whom ever you chose to use for financing. There are
>>>> costs involved with obtaining a home loan other than simply paying back
>>>> the P&I.
>>>
>>> Huh? None of the costs have anything to do with the builder (or
>>> anyone else you may buy a house from). If the builder is buying down
>>> the interest to make his house look more attractive, well, just do it
>>> yourself. The point is that the builder is getting a wad of cash. He
>>> doesn't care if it's coming from you or a bank. Any "discounts" for
>>> cash are just come-ons.
>>>
>>>>>> Anyway here is how our sale went. After negotiating and agreeing to the
>>>>>> the price to build the home the salesman asked if we already had an
>>>>>> approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>>>>> get an extra $5K off of your negotiated price.
>>>>>>
>>>>>> If you need further details I suggest you visit DRHorton.com
>>>>>
>>>>> So the analogy is to take dealer financing on cars? In almost all
>>>>> cases, that's silly.
>>>>>
>>>>
>>>> I said nothing about taking anyone's financing. The builder wanted to
>>>> know if I was preapproved. The discount he gave us was for not having
>>>> to participate, to compete with the builder next door, with buying down
>>>> percentage points, loan origination fees, appraisals for the loan, extra
>>>> surveys for the loan, etc.
>>>
>>> So he didn't give you anything (for purchasing with cash). He would
>>> have given the same deal to anyone who walked in with financing.
>>>
>>
>>
>> What I said above. We got an additional $5K discount after the
>> negotiated price for paying cash.
>
> <trying not to flog a deceased equine further> ...but you would have
> gotten exactly the same deal if you had &megabank write the check.
> It's all cash to the contractor.
>

The bank is not going to take your word for it and hand you a check for
X dollars to build a new home. They send the check to the closing/title
company.
The builder has to pay title companies, surveyors, appraisers, and
attorneys to get all the paper work together to prove that the house is
worth the risk and to insure that the home meets certain standards to
qualify for the loan.

Now if you borrow against other collateral or get a home equity loan and
use t6hat to build a house then it would not matter to the builder.

Ll

Leon

in reply to DerbyDad03 on 03/04/2017 3:53 AM

06/04/2017 5:25 PM

On 4/6/2017 4:23 PM, DerbyDad03 wrote:
> On Thursday, April 6, 2017 at 4:42:11 PM UTC-4, Leon wrote:
>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>
>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>> this afternoon if they wanted to.
>>>
>>> Oh, hell, I could have done that some time back but why bother?
>>
>>
>> To keep from having to make a money transfer or write another check.
>> Even automatic transfers can screw up. And if you are paying interest
>> at all it is costing you money to keep the mortgage.
>>
>> Our builder knocked an additional $5K off the price of our house for
>> paying cash plus no extra expense for mortgage insurance, or mandatory
>> flood insurance.
>
> OK...I misunderstood your response. When I said that some people could
> pay off their mortgage any time they wanted, you said "Oh, hell, I could
> have done that some time back". I thought you were saying that you could
> have paid off your mortgage early but didn't want to bother.

Nope, that was Keith. ;~)

I was responding why not to keep a mortgage if the reason is "Oh, hell,
I could have done that some time back but why bother?"


>
> Now I understand that you never had a mortgage in the first place. Different
> situation.
>

That was me. ;~)

BUT I had a 12% 30year mortgage in 1981, I refinanced at 9% for 15 years
6 years later. I added to those payments and paid the mortgage off 10
years later. So in essence I was earning 9% interest on every extra
dollar that I sent in above the required minimum and was debt free 16
years after building that first home. We paid cash for the next home.

Dt

DerbyDad03

in reply to DerbyDad03 on 03/04/2017 3:53 AM

06/04/2017 12:51 PM

On Thursday, April 6, 2017 at 3:18:29 PM UTC-4, [email protected] wrote:
> On Thu, 6 Apr 2017 07:35:37 -0700 (PDT), DerbyDad03
> <[email protected]> wrote:
>
> >On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
> >> On 4/5/2017 10:35 PM, [email protected] wrote:
> >> Snip
> >>
> >>
> >> >
> >> > I'm sure glad I'm not buying or selling in the current market. We were
> >> > looking 2 years ago but I'll put in stair lifts and stay in the house
> >> > we have for a lot less than just the real estate comissions involved
> >> > in changing houses - and there are no decent bungalows available for
> >> > what we are likely to get for our 2 story - and I refuse to deal with
> >> > a mortgage in retirement.
> >> >
> >>
> >> What's a mortgage? ;~)
> >
> >A method used to raise cash at a low interest rate so that it can be invested
> >at a higher rate of return.
>
> ...and a sure-fire method of bankruptcy.

Not "sure-fire", but a possibility. ("sure-fire" to me means guaranteed. That
just isn't the case.)

> >
> >Possibly risky and something that has to be managed carefully, yes, but a
> >strategy used by wealthy people (and businesses) quite often.
>
> Also of really poor people.

Yep, that's why I said "Possibly risky and something that has to be
managed carefully" It's not a tactic to be employed casually.

> >
> >Lots of rich folks (and businesses) have mortgages that they could pay off
> >this afternoon if they wanted to.
>
> Oh, hell, I could have done that some time back but why bother?

Why pay interest if you don't have to, unless of course, you are using your
money to make more than the loan is costing you or the inflation rate is
higher than your interest rate?

Even billionaires take out mortgages.

http://www.csmonitor.com/Business/2012/0717/Zuckerberg-s-1-percent-mortgage-Why-does-a-billionaire-need-a-loan

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 4:54 PM

On Mon, 03 Apr 2017 13:28:56 -0400, [email protected] wrote:

>On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:
>
>>On 4/2/2017 10:57 PM, [email protected] wrote:
>>
>>>>
>>>> If it's really that hot, housing is very under priced. Ninety days is
>>>> considered "normal". This isn't even the normal peak buying time.
>>>>
>>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>>> after selling. Way too stressful.
>>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>>> "working class" subdivision sells for over $350,000 I don't think the
>>> house is "under-priced"
>>> With the influx of Toronto buyers I think you could sell a henhouse in
>>> a week for what would have been the high end of the market for a
>>> decent house less than 2 years ago.
>>> It's NUTS.
>>
>>How easy is getting a mortgage? I hope it is not heading like our
>>housing market before the bubble burst. Of course, if you earned $2000
>>a month and your payment would be $1999 you qualified.
>
>It does seem to be going back that way. Not so much qualified income
>and no-docs, perhaps, but the (close to) 100% loans are back.
Not up here. Thank Goodness.
It's bad enough that the "well healed" Torontonians are grabbing up
everything in sight (The vast majority recent immigrants, by the way)
without all the riff-raff joining them. It does make it hard for our
kids to buy houses - they would qualify for what the houses were
selling for 2 years ago - but now they are being totally bid out of
the market - with Semis and townhouses over $300,000, and bidding wars
- and lineps around the block when new condos go up for sale. This
weekend a 40 unit condo sold out in hours - with a waiting list for
the next tower virtually selling it out before it is built.And it's
not a cheap condo tower ----. Being 10 minutes from the 401 it was
sold almost totally to Toronto Commuters.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

05/04/2017 8:41 PM

On Wed, 05 Apr 2017 13:39:32 -0400, [email protected] wrote:

>On Tue, 04 Apr 2017 22:09:53 -0400, [email protected] wrote:
>
>>On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
>><[email protected]> wrote:
>>
>>>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>>>DerbyDad03 <[email protected]> wrote:
>>>
>>>> Just because were paying them doesn't make them right 100% of the
>>>> time.
>>>
>>>certainly you mean overpaying them
>>
>>You mean they're stealing money from you? Are they forcing you to use
>>their services?
> Pretty close. Not saying they are stealing money, but in many cases
>they are not providing the service you are paying for. Worse yet for
>home inspectors than realtors.

You chose to hire them and agreed to the terms. They don't get paid
if you aren't successful in selling your home. How is that being
"overpaid"?

My selling agents have been worth every dime I paid them. We had a
loser buyer's agent but she didn't get paid a dime either. Her
replacement got paid the buying side of the commission for a few hours
work (she was willing _to_ work).

Ll

Leon

in reply to [email protected] on 05/04/2017 8:41 PM

08/04/2017 10:28 AM

On 4/7/2017 10:05 PM, [email protected] wrote:
> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>
>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>> this afternoon if they wanted to.
>>>>>
>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>
>>>>
>>>> To keep from having to make a money transfer or write another check.
>>>> Even automatic transfers can screw up. And if you are paying interest
>>>> at all it is costing you money to keep the mortgage.
>>>
>>> Sure, my payment to the power company can screw up, too. So what? The
>>> cost of money is so low, it doesn't matter.
>>>>
>>>> Our builder knocked an additional $5K off the price of our house for
>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>> flood insurance.
>>>
>>> Why did your builder care?
>>
>> The builder does not have to pay extra points for loan qualification.

No they do not but many do, both builders that we have used had that
offer on the table. We in fact have not heard of a builder that does
not offer paying points. Competition among builders is helpful to the
buyer. A builder not offering perks like this is like a new car dealer
not selling a vehicle below sticker. Special circumstances can apply in
both situations that might change that, but not often.




>>
>>
>> Whether you have a mortgage or not, it's
>>> all cash to him.
>>
>> More or less, builders pay a lot for certain additions of difficulty to
>> get loans added in the mix.
>
> I can't parse the above sentence.

It is all cash to them, more cash or less cash. Builders pay a lot for
certain things to help the buyer qualify or to compete with what the
builder in the next door model home is offering.




>
>> There is no mortgage insurance unless you have more
>>> house than you can afford.
>>
>> Unless you finance 80% or more IIRC.
>
> What I said. ;-)

I would say the the vast majority of new home buyers are paying as
little down as possible. And a good majority of those people can easily
afford the home they buy. An extreme example was my son, he bought our
home and financed as much as he could. 3 years later he paid the loan
off. We considered having a balloon loan on our current home to get
very low interest in the first five years and simply paying if off in 2
years, just to have a little more cush. We chose to not finance at all
and tightened the purse strings for a couple of years.


>
>> If you're in a flood plane, you're stupid
>>> if you don't have flood insurance. Don't you have fire insurance?
>>
>> I do not have fire insurance specifically, I have home owners insurance
>> which covers most anything except flood.
>
> I'll bet it doesn't cover earthquakes (earth movement) either.
>
>> Every one is in a flood plane, some 500 year, 100 year, etc.
>
> Not true.

Every one is in a zone determined by FEMA.

>
>> I am in
>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>> precious home was in a cheap zone until it was rezoned, that can happen
>> any time and if it happens and you still have a mortgage you may have to
>> get flood insurance. If you don't the flood insurance the mortgage
>> company will get it for you.
>
> So?

Just because I am not likely to be in a flood, it can happen. If your
storm drains clog a heavy rain can flood your home. I witnessed this
about 10 years ago. While I was "then" in a likely to flood area and
did have flood insurance, we had a tornado go through the neighborhood
followed by heavy rains for 2~3 hours. Rising water almost entered our
garage and did enter homes at the end of the street. The was no high
water our side of a few streets in our neighborhood. The drains were
stopped up with debris and the rain came down faster than than the
clogged drains could handle.

So, that is why I buy flood insurance even though I am not ins a prone
to flood area.


>
>> My precious home went from about $260 per year to $3600 for flood
>> insurance. That was just after Katrina. Had I still had a mortgage my
>> payments would have gone up $300 per month.
>>
>> If you have a mortgage you may incur more liabilities than just the loan.
>
> So you're saying that you would go without flood insurance? So you're
> self-insuring.

NO I did not say that. I was locked in with the $260 that I had already
paid, about 3 months later my agent and the flood insurance company
tried to make me cancel the policy so that I would have to immediately
pay more. They sent me a refund check which I sat on until the policy
expired. I then cashed the check and changed agents and flood
insurance companies. My new policy went up to about $700, after I
provided an elevation survey, otherwise I would have had to pay way more.





Dt

DerbyDad03

in reply to [email protected] on 05/04/2017 8:41 PM

09/04/2017 3:19 PM

On Saturday, April 8, 2017 at 11:28:49 AM UTC-4, Leon wrote:

>
> Every one is in a zone determined by FEMA.
>

I live on a hill, high above a bay and about 2 miles from one our Great Lakes.

A few years ago we got a letter from our Ins Co telling us that we were in a
FEMA designated flood zone and that we had to either buy our own flood
insurance or they would buy it for us.

It would take a flood of biblical proportions for my house to flood due to
a storm. Houses that are less than a mile from me would be completely
submerged before my house even got wet.

I called the Ins Co and was told that it was basically a mistake by their IT
department. A small coding error caused the letter to be sent to *everyone*
that had a mortgage with the company.

Here's the kicker: It took them over 3 months to inform us, by letter, that
the first letter was in error.

I wonder how many people bought flood insurance based on the letter because
they didn't know any better. I also wonder what happened when they tried to
cancel it. Would the Ins Co's refund them the 3 months of premiums? Would
they charge them a penalty?

Pp

Puckdropper

in reply to [email protected] on 05/04/2017 8:41 PM

08/04/2017 8:06 PM

[email protected] wrote in
news:[email protected]:

> I'm over 100 feet higher than the Grand River and Laurel Creek at just
> about the highest point in the whole neighborhood. It would be a more
> than 1 in 500 year event to flood overland,

That's what I call the "Noah" flood zone. We're in it too.

Puckdropper
--
http://www.puckdroppersplace.us/rec.woodworking
A mini archive of some of rec.woodworking's best and worst!

Ll

Leon

in reply to [email protected] on 05/04/2017 8:41 PM

08/04/2017 9:55 AM

On 4/7/2017 9:47 PM, [email protected] wrote:
> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>
>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>> this afternoon if they wanted to.
>>>>>
>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>
>>>>
>>>> To keep from having to make a money transfer or write another check.
>>>> Even automatic transfers can screw up. And if you are paying interest
>>>> at all it is costing you money to keep the mortgage.
>>>
>>> Sure, my payment to the power company can screw up, too. So what? The
>>> cost of money is so low, it doesn't matter.
>>>>
>>>> Our builder knocked an additional $5K off the price of our house for
>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>> flood insurance.
>>>
>>> Why did your builder care?
>>
>> The builder does not have to pay extra points for loan qualification.
>
> Why would the builder pay points on your loan?

Ok, this is getting kind'a silly. Often a builder will pay points to
lower the mortgage or to simply help with the expenses of the mortgage
approval, this happened with our first home. Builders ALWAYS pay points
to close the deal. If your builder did not you were had.

Anyway here is how our sale went. After negotiating and agreeing to the
the price to build the home the salesman asked if we already had an
approved loan. I said that we intended to pay cash. Well Mr. Leon you
get an extra $5K off of your negotiated price.

If you need further details I suggest you visit DRHorton.com



c

in reply to [email protected] on 05/04/2017 8:41 PM

07/04/2017 8:41 PM

On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/6/2017 7:43 PM, [email protected] wrote:
>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>
>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>> this afternoon if they wanted to.
>>>>
>>>> Oh, hell, I could have done that some time back but why bother?
>>>
>>>
>>> To keep from having to make a money transfer or write another check.
>>> Even automatic transfers can screw up. And if you are paying interest
>>> at all it is costing you money to keep the mortgage.
>>
>> Sure, my payment to the power company can screw up, too. So what? The
>> cost of money is so low, it doesn't matter.
>>>
>>> Our builder knocked an additional $5K off the price of our house for
>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>> flood insurance.
>>
>> Why did your builder care?
>
>The builder does not have to pay extra points for loan qualification.
>
>
>Whether you have a mortgage or not, it's
>> all cash to him.
>
>More or less, builders pay a lot for certain additions of difficulty to
>get loans added in the mix.
>
> There is no mortgage insurance unless you have more
>> house than you can afford.
>
>Unless you finance 80% or more IIRC.
>
>
>
>If you're in a flood plane, you're stupid
>> if you don't have flood insurance. Don't you have fire insurance?
>
>I do not have fire insurance specifically, I have home owners insurance
>which covers most anything except flood.
>
>Every one is in a flood plane, some 500 year, 100 year, etc. I am in
>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>precious home was in a cheap zone until it was rezoned, that can happen
>any time and if it happens and you still have a mortgage you may have to
>get flood insurance. If you don't the flood insurance the mortgage
>company will get it for you.
>
>My precious home went from about $260 per year to $3600 for flood
>insurance. That was just after Katrina. Had I still had a mortgage my
>payments would have gone up $300 per month.
>
>If you have a mortgage you may incur more liabilities than just the loan.
>
>
I'm over 100 feet higher than the Grand River and Laurel Creek at just
about the highest point in the whole neighborhood. It would be a more
than 1 in 500 year event to flood overland,
>

k

in reply to [email protected] on 05/04/2017 8:41 PM

07/04/2017 11:05 PM

On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/6/2017 7:43 PM, [email protected] wrote:
>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>
>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>> this afternoon if they wanted to.
>>>>
>>>> Oh, hell, I could have done that some time back but why bother?
>>>
>>>
>>> To keep from having to make a money transfer or write another check.
>>> Even automatic transfers can screw up. And if you are paying interest
>>> at all it is costing you money to keep the mortgage.
>>
>> Sure, my payment to the power company can screw up, too. So what? The
>> cost of money is so low, it doesn't matter.
>>>
>>> Our builder knocked an additional $5K off the price of our house for
>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>> flood insurance.
>>
>> Why did your builder care?
>
>The builder does not have to pay extra points for loan qualification.
>
>
>Whether you have a mortgage or not, it's
>> all cash to him.
>
>More or less, builders pay a lot for certain additions of difficulty to
>get loans added in the mix.

I can't parse the above sentence.

> There is no mortgage insurance unless you have more
>> house than you can afford.
>
>Unless you finance 80% or more IIRC.

What I said. ;-)

>If you're in a flood plane, you're stupid
>> if you don't have flood insurance. Don't you have fire insurance?
>
>I do not have fire insurance specifically, I have home owners insurance
>which covers most anything except flood.

I'll bet it doesn't cover earthquakes (earth movement) either.

>Every one is in a flood plane, some 500 year, 100 year, etc.

Not true.

>I am in
>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>precious home was in a cheap zone until it was rezoned, that can happen
>any time and if it happens and you still have a mortgage you may have to
>get flood insurance. If you don't the flood insurance the mortgage
>company will get it for you.

So?

>My precious home went from about $260 per year to $3600 for flood
>insurance. That was just after Katrina. Had I still had a mortgage my
>payments would have gone up $300 per month.
>
>If you have a mortgage you may incur more liabilities than just the loan.

So you're saying that you would go without flood insurance? So you're
self-insuring.

JC

"J. Clarke"

in reply to [email protected] on 07/04/2017 11:05 PM

08/04/2017 9:55 PM

In article <[email protected]>, markem618
@hotmail.com says...
>
> On 09 Apr 2017 00:17:22 GMT, Puckdropper
> <puckdropper(at)yahoo(dot)com> wrote:
>
> >Markem <[email protected]> wrote in
> >news:[email protected]:
> >
> >>
> >> How about flood insurance for houseboats. :~>
> >>
> >
> >After watching every episode of MacGyver with a houseboat in it, I can
> >say the hazards are:
> >1. Crazy (and hot) professor untieing your house and setting it adrift
> >2. Fun but wacky best friend moving in (Hi Jack!)
> >3. Crazy man with a photography fetish setting lethal bobbytraps
> >4. Very cute girl borrows your shower and a hockey jersey. I don't
> >remember if she did it again on her second visit, that was the one where
> >MacGyver fell asleep and dreamed his life was a western.
> >5. I think someone set fire to it. That's what did it in. Murdoc?
> >
> >Never once did his house boat flood!
> >
> >What we can see here is that house boats obviously don't flood (so flood
> >insurance is pointless) and Puckdropper enjoys MacGyver enough to compile
> >such a list (it's not a complete list, he does have a life!)
> >
> >Puckdropper
>
> Myth Busters! Best line in Stargate the TV series, in describibg how
> she manged to get the gate working "We kind of had to McGyver it".

If you haven't seen it, here's a blooper you might enjoy:

<https://www.youtube.com/watch?v=EkZFULWaUTA>

Mm

Markem

in reply to [email protected] on 07/04/2017 11:05 PM

08/04/2017 7:35 PM

On 09 Apr 2017 00:17:22 GMT, Puckdropper
<puckdropper(at)yahoo(dot)com> wrote:

>Markem <[email protected]> wrote in
>news:[email protected]:
>
>>
>> How about flood insurance for houseboats. :~>
>>
>
>After watching every episode of MacGyver with a houseboat in it, I can
>say the hazards are:
>1. Crazy (and hot) professor untieing your house and setting it adrift
>2. Fun but wacky best friend moving in (Hi Jack!)
>3. Crazy man with a photography fetish setting lethal bobbytraps
>4. Very cute girl borrows your shower and a hockey jersey. I don't
>remember if she did it again on her second visit, that was the one where
>MacGyver fell asleep and dreamed his life was a western.
>5. I think someone set fire to it. That's what did it in. Murdoc?
>
>Never once did his house boat flood!
>
>What we can see here is that house boats obviously don't flood (so flood
>insurance is pointless) and Puckdropper enjoys MacGyver enough to compile
>such a list (it's not a complete list, he does have a life!)
>
>Puckdropper

Myth Busters! Best line in Stargate the TV series, in describibg how
she manged to get the gate working "We kind of had to McGyver it".

k

in reply to [email protected] on 07/04/2017 11:05 PM

09/04/2017 7:28 PM

On Sun, 9 Apr 2017 11:19:14 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 9:14 PM, [email protected] wrote:
>> On Sat, 08 Apr 2017 20:46:30 -0400, [email protected] wrote:
>>
>>> On Sat, 8 Apr 2017 12:20:33 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/8/2017 11:01 AM, [email protected] wrote:
>>>>> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
>>>>> wrote:
>>>>>
>>>>>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>
>>>>>>> Where is floods all the time.
>>>>>>>
>>>>>>> If you can't buy flood insurance you should take that as a warning.
>>>>>>
>>>>>> If you are in a flood zone A - C, your mortgage provider will require
>>>>>> flood insurance, if you do not they will get it for you. The
>>>>>> difference when we were on the edge of a C zone, from us buy and them
>>>>>> providing was over $300 a year.
>>>>>
>>>>> It's the same for fire insurance. We had a mortgage company that was
>>>>> trying their best to force us to buy fire insurance from them (they
>>>>> refused my company's documentation and were automatically billing us).
>>>>> Their automatic charge was 5x the norm. That wasn't the only BS they
>>>>> were pulling, either. Scum.
>>>>>
>>>>
>>>>
>>>> If you settle for letting the mortgage company buy insurance for you,
>>>> you get what you deserve. You can simply buy from whom you want and
>>>> cancel the higher policy, the mortgage company can not do anything about
>>>> that. They can how ever require you to have the insurance and will
>>>> insure that you do by increasing your escrow to pay for it.
>>>> If your insurance company provides proof the mortgage company has to
>>>> adjust your escrow
>>> Up here buying mortgage insurance is WAY more expensive than buying
>>> declining benefit term insurance from a life insurance company. 20
>>> year mortgage? Buy 20 year term insurance. Iven straight term is less
>>> expensive than martgage insurance
>>
>> And it's not required, by law. That's not to say that life insurance
>> is bad, just that the mortgage company cannot compel you to buy it.
>>
>
>Well the mortgage company can compel you to buy it by turning you down
>for the loan or not.

No, they can't.

k

in reply to [email protected] on 05/04/2017 8:41 PM

07/04/2017 10:47 PM

On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/6/2017 7:43 PM, [email protected] wrote:
>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>
>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>> this afternoon if they wanted to.
>>>>
>>>> Oh, hell, I could have done that some time back but why bother?
>>>
>>>
>>> To keep from having to make a money transfer or write another check.
>>> Even automatic transfers can screw up. And if you are paying interest
>>> at all it is costing you money to keep the mortgage.
>>
>> Sure, my payment to the power company can screw up, too. So what? The
>> cost of money is so low, it doesn't matter.
>>>
>>> Our builder knocked an additional $5K off the price of our house for
>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>> flood insurance.
>>
>> Why did your builder care?
>
>The builder does not have to pay extra points for loan qualification.

Why would the builder pay points on your loan?


>
>
>Whether you have a mortgage or not, it's
>> all cash to him.
>
>More or less, builders pay a lot for certain additions of difficulty to
>get loans added in the mix.
>
> There is no mortgage insurance unless you have more
>> house than you can afford.
>
>Unless you finance 80% or more IIRC.
>
>
>
>If you're in a flood plane, you're stupid
>> if you don't have flood insurance. Don't you have fire insurance?
>
>I do not have fire insurance specifically, I have home owners insurance
>which covers most anything except flood.
>
>Every one is in a flood plane, some 500 year, 100 year, etc. I am in
>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>precious home was in a cheap zone until it was rezoned, that can happen
>any time and if it happens and you still have a mortgage you may have to
>get flood insurance. If you don't the flood insurance the mortgage
>company will get it for you.
>
>My precious home went from about $260 per year to $3600 for flood
>insurance. That was just after Katrina. Had I still had a mortgage my
>payments would have gone up $300 per month.
>
>If you have a mortgage you may incur more liabilities than just the loan.
>
>
>
>

k

in reply to [email protected] on 07/04/2017 10:47 PM

10/04/2017 10:18 PM

On Mon, 10 Apr 2017 12:03:29 -0500, Leon <lcb11211@swbelldotnet>
wrote:

>On 4/9/2017 6:28 PM, [email protected] wrote:
>
>>>> <trying not to flog a deceased equine further> ...but you would have
>>>> gotten exactly the same deal if you had &megabank write the check.
>>>> It's all cash to the contractor.
>>>>
>>>
>>> The bank is not going to take your word for it and hand you a check for
>>> X dollars to build a new home. They send the check to the closing/title
>>> company.
>>
>> Irrelevant. The point is that the builder gets the same money either
>> way.
>
>Look, I am only telling what the builder told me. I got the $5,000
>discount for paying cash and not involving a mortgage company. This
>obviously saves the builder money. Seriously, why else would the
>builder offer me and additional $5,000 off after the negotiated price?

...and I'll bet you would have gotten the same deal if you'd walked in
with a check from &megabank.

>>
>>> The builder has to pay title companies, surveyors, appraisers, and
>>> attorneys to get all the paper work together to prove that the house is
>>> worth the risk and to insure that the home meets certain standards to
>>> qualify for the loan.
>>
>> All irrelevant. ...or are you saying that you would buy a house on
>> unsurveyed property?
>
>No, you are going off on a tangent again.
>
Not a tangent at all. Those are fixed costs. You're paying them
whether you have a mortgage or not. ...or pretty dumb not to.
>

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 8:26 AM

On Sunday, April 2, 2017 at 12:37:36 AM UTC-4, [email protected] wrote:
> On Saturday, April 1, 2017 at 4:39:56 PM UTC-5, DerbyDad03 wrote:
> > On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] wr=
ote:
> > > As others said, empty the shop. From your description it sounds like=
this house could have a finished basement. Many potential buyers would se=
e the basement finished if it was empty for them to imagine. But if filled=
with shop equipment, and used for a specific purpose, its harder for them =
to imagine all that gone and the room finished into living space. Unfinish=
ed basements are also storage space to many people. If empty, its easy to =
see it as storage space. Also consider that half the people looking at the=
house will be women. Assuming couples buy the house. By showing it as a =
shop for a man, you are automatically causing half the people looking at th=
e house to instantly be deprived of ever using that basement. When selling=
things its not good to make half the buyers happy, man shop, and half the =
buyers filled with rage and hate for the place, women who cannot ever use t=
he space.
> >=20
> > Did you miss the part of the description that stated that the shop was =
a separate space from
> > the "main" basement? 2 separate rooms, with the shop being about 1/3 of=
the overall basement.=20
> > No one was being "deprived of ever using that basement."
> >=20
>=20
> This is what you wrote:
>=20
> "My neighbor is selling his house. He has a wood shop in his basement, ma=
ybe=20
> 15 x 25. The shop is at ground level, with a door to the back yard. Some=
pretty nice stuff has come out that shop.=20
>=20
> The rest of the basement is unfinished, basically one large room with the=
=20
> furnace, water heater, washer, dryer and some storage shelves. The basem=
ent can be accessed by stairs from the kitchen or through the shop. They ar=
e 2 separate spaces. It's sloped lot, allowing for a walk-out basement in =
the rear for the shop."

I see why you are confused. Allow me to clarify what I meant by "They are=
=20
2 separate spaces":

The basement is split into 2 areas, separated by a block wall. One area -=
=20
the shop - equates to about 1/3 of the basement. The other 2/3 contains the=
=20
furnace, water heater, washer, dryer and some storage shelves.

2 separate rooms.

>=20
>=20
> The shop is in the basement. And another part of the basement has the fu=
rnace, water heater, bathroom, etc. Are there two separate basements? Or =
is the shop in half the basement and the utilities are in the other half? =
From your description it sounds like half the basement is shop and the othe=
r half is the utility stuff. Sort of similar to my basement. My basement =
is split into two halves. With a drywall wall. Most of the tools are in o=
ne room and the other is sort of empty. By your logic I have two basements=
. =20

I have no idea how "my logic" implies 2 basements, but if that's what you=
=20
took from my wording, OK. I hope that I have clarified that issue.

>No. I have two rooms that are joined in my basement by a walkway, opening=
. The shop space is for the man. Assuming. So by showing it as a shop, s=
he will never ever be able to use that space. Its not hers.

Assuming.


>=20
> And with the shop being in the walkout portion of the basement you are so=
rt of stating that it cannot be a finished walkout basement. Walkout basem=
ents that are finished are desirable. But with the shop in the walkout por=
tion, you are implying the new owner cannot have a finished walkout basemen=
t. Its shop space!

How do the current (removable) contents of a room "imply" it's future use?=
=20
(Kitchens and bathroom might be considered exceptions)=20

If I put a desk and bookcase in a 3rd bedroom, are prospective buyers going
to think it's a 2 bedroom house with an office? "Honey, we need a 3rd bedro=
om,
not an office. Let's go."

If the basement room was a laundry room or storage room would you remove th=
e
appliances or shelves so that the prospective buyer can imagine a "finished=
walkout basement"?

Shop, storage, laundry room whatever. By your logic, it doesn't matter what=
=20
the room is used for, if it's not empty the current owner is "implying the=
=20
new owner cannot have a finished walkout basement." That implies that all=
=20
prospective buyers are idiots.

>=20
>=20
> > BTW 2 of the things that came out if that shop was a brand new kitchen =
for the wife and a=20
> > bedroom set for both of them. She made out just fine.
> >=20
>=20
> So what? Is the seller donating those to the buyer? And writing a claus=
e into the contract stating that the shop must be kept to forever honor the=
making of those pieces? I can buy Kelly Mehler's woodworking tools. Does=
n't mean I can make furniture like him. The kitchen cabinets are of course=
being bought with the house. Doubt anyone cares that they were made in th=
e basement. They aren't going to pay extra because of that.

No one said that anything like that. It was merely an aside to point out th=
at
even though, as you implied, the woman of the house was "deprived" of that=
=20
space, she benefited immensely because of what came out of that shop to imp=
rove
the home while she lived there and is now about to sell.=20

They aren't going to pay extra specifically because the cabinets came out
of the basement shop, but they are going to pay extra for the upgraded=20
kitchen. (Let's not get into comps and pay back, etc. I know the neighborho=
od=20
well enough to know that the value of the house has been increased [and tha=
t=20
the increased value will be realized] because of the updated kitchen).

>=20
>=20
> > In addition, you are assuming that all couples are made up of a man and=
a > women.
>=20
>=20
> I know gay, trans sexual, homosexual, etc. couples seem to be the norm no=
w days. They are everywhere on TV. But all the people I know have husband=
s and wives. Man-woman. Don't think I know anyone who is same sex. I wou=
ld guess 99+% of the people looking at the house will be hetero sexual man-=
woman couples. Or single people. Man or woman. Not trans, gay, etc. Mak=
e the house appealing for the 99%.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 4:47 PM

On Mon, 03 Apr 2017 13:26:57 -0400, [email protected] wrote:

>On Sun, 02 Apr 2017 22:57:20 -0400, [email protected] wrote:
>
>>On Sun, 02 Apr 2017 22:20:35 -0400, [email protected] wrote:
>>
>>>On Sun, 02 Apr 2017 21:54:28 -0400, [email protected] wrote:
>>>
>>>>On Sun, 02 Apr 2017 20:11:54 -0400, [email protected] wrote:
>>>>
>>>>>On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:
>>>>>
>>>>>>On 4/2/2017 7:08 PM, Markem wrote:
>>>>>>
>>>>>>>
>>>>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>>>>
>>>>>>> The pictures that kill me are when the house is stuffed to the gills,
>>>>>>> but the pics are that nice soft focus (blurry). You can tell the
>>>>>>> staged ones. My preference when looking at houses, empty my
>>>>>>> imagination can fill it.
>>>>>>>
>>>>>>> I doubt anyone has kept statistics that are valid as to which sell
>>>>>>> best though, the messy one though are probably last.
>>>>>>>
>>>>>>
>>>>>>Most people depends on the money from the sale of their house to use as
>>>>>>downpayment on the new one so they want to sell before moving. If the
>>>>>>house is empty, why? Overpriced? Problem with structure?
>>>>>
>>>>>The people already moved? I'd expect that a lot of people who move,
>>>>>are moving out of the area. There is usually a time line for such
>>>>>life changes. In two of our three moves, the house was empty. The
>>>>>third was a move into an apartment for a while (I was working a
>>>>>short-term contract at the time) so left everything in the house
>>>>>(including SWMBO) until it sold. The first was a "corporate move", so
>>>>>there wasn't a worry about selling and the last was a more "normal'
>>>>>move, though we owned both homes for some time (with a year leasing it
>>>>>"after" the sale).
>>>> That may happen in some markets - but right now, around here, if a
>>>>house doesn't sell in a week it is either in bad - and I mean REAL bad
>>>>shape, or VERY over-priced - or both.
>>>
>>>If it's really that hot, housing is very under priced. Ninety days is
>>>considered "normal". This isn't even the normal peak buying time.
>>>
>>>BTW, if I move again, I certainly wouldn't even try to buy a house
>>>after selling. Way too stressful.
>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>>"working class" subdivision sells for over $350,000 I don't think the
>>house is "under-priced"
>
>What it is, is irrelevant. How fast it sells for and how many people
>want it (at the price) is. Worth is defined by what people are
>willing to pay. Nothing more. Nothing less.
>
>>With the influx of Toronto buyers I think you could sell a henhouse in
>>a week for what would have been the high end of the market for a
>>decent house less than 2 years ago.
>> It's NUTS.
>> Going by the house down the street I could likely get $400,000 for my
>>house if I put it on the market tomorrow - but then whwere would I
>>live? I'm not ready to move 100 miles west or 350-400 east, or 150
>>north, to get an affordable place.. There are places 50-60 miles west
>>that might be reasonable, but not close to any decent centers with
>>good hospitals and othe facilities - and where I wouldn't have to
>>drive half an hour to get anywhere.
>
>Or a thousand miles South and get three times the house on 20 times
>the property and still be within an hour[*] of six woodworking stores.
>;-)
>
>[*] Well, before a key highway collapsed.
But not half a mile from Lee Valley!!!

Pp

Puckdropper

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 9:35 PM

[email protected] wrote in
news:[email protected]:

>
> Or a thousand miles South and get three times the house on 20 times
> the property and still be within an hour[*] of six woodworking stores.
> ;-)
>
> [*] Well, before a key highway collapsed.

Yeah, but what happens when it rains?

I've been there (Atlanta) when it's rained... Sure doesn't take long for
someone to slide into someone and clog up all the major expressways out of
town.

Is Toronto better about that?

Puckdropper
--
http://www.puckdroppersplace.us/rec.woodworking
A mini archive of some of rec.woodworking's best and worst!

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 1:56 PM

On 4/1/2017 10:34 AM, DerbyDad03 wrote:

>> The rule is empty because it looks bigger and the buyer imagines all his or her stuff in there.
>
> That's not the "rule" we're following as we get my dad's house ready to show.
>
> The realtor has a "stager" on staff that went through the house and told
> us what to leave. Beds, a dresser, a small desk in a room that could be an
> office, etc. They even have air mattresses, bed frames and other items that
> they can set up if you can't leave your own stuff.
>
> DAGS 'staging a house for showing'
>

Sure, leave the small desk, but get rid of the 6 extra chairs, floor
lamp, beer cooler, drum set, exercise bike, laundry basket and
overflowing magazine rack.

Small stuff makes the room seem big and the desk is a good idea for the
unimaginative that come through. Staging can make a difference.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 1:45 PM

On Sat, 1 Apr 2017 07:34:05 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Saturday, April 1, 2017 at 10:26:15 AM UTC-4, Michael wrote:
>> On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
>> > My neighbor is selling his house. He has a wood shop in his basement, maybe
>> > 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> > The shop is at ground level, with a door to the back yard. Some pretty nice
>> > stuff has come out that shop.
>> >
>> > The rest of the basement is unfinished, basically one large room with the
>> > furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> > there's a shower stall bathroom in the corner. The basement can be accessed
>> > by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> > It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>> >
>> > His realtor has told him that he should empty the shop before showing the
>> > house, so he has moved all of his equipment and material to storage until
>> > his new house is ready.
>> >
>> > What are your thoughts? Would you have left the shop as staging or emptied
>> > the room like the realtor suggested? I know we are biased, so maybe we aren't
>> > the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> > rage these days, why not stage a shop?
>>
>> The rule is empty because it looks bigger and the buyer imagines all his or her stuff in there.
>
>That's not the "rule" we're following as we get my dad's house ready to show.
>
>The realtor has a "stager" on staff that went through the house and told
>us what to leave. Beds, a dresser, a small desk in a room that could be an
>office, etc. They even have air mattresses, bed frames and other items that
>they can set up if you can't leave your own stuff.
>
>DAGS 'staging a house for showing'

Which raises the question, is a shop different? I'd think that if
it's cramped with power tools, thin them out so it appears there is
room to work. Leave some tools and display them nicely, if possible,
but in all cases, "de-junkify".

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 1:50 PM

On Sat, 1 Apr 2017 09:28:14 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/1/2017 9:20 AM, DerbyDad03 wrote:
>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> The shop is at ground level, with a door to the back yard. Some pretty nice
>> stuff has come out that shop.
>>
>> The rest of the basement is unfinished, basically one large room with the
>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> there's a shower stall bathroom in the corner. The basement can be accessed
>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>
>> His realtor has told him that he should empty the shop before showing the
>> house, so he has moved all of his equipment and material to storage until
>> his new house is ready.
>>
>> What are your thoughts? Would you have left the shop as staging or emptied
>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> rage these days, why not stage a shop?
>>
>
>If you have a place to move the equipment to, move it out. As hard as
>this is to believe, not every man is a "He-man" and he may not, if he
>even has any say in the matter, care to see wood working equipment. ;~)

Even though some may not be "He-men" (do you know any?-), most see
themselves that way. Even though they may not be avid woodworkers
most would like some sort of place to get away. Home maintenance does
take some space, too.

>An empty room just looks bigger and uncluttered, that is what the
>realtor and perspective buyers want to see for a storage area.
>Basically the area is not only intended to be a shop and a perspective
>buyer may see it as only a room intended to be a shop if it is filled
>with equipment. If the room is empty the buyer can see it as any thing
>he or she wants it to be.

Filled, no. Used, yes. People really do want to see "lived-in"
spaces. There is a whole home "staging" industry for a reason.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 1:55 PM

On Thu, 27 Apr 2017 07:52:00 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/26/2017 11:20 PM, DerbyDad03 wrote:
>> On Saturday, April 1, 2017 at 10:20:31 AM UTC-4, DerbyDad03 wrote:
>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>> stuff has come out that shop.
>>>
>>> The rest of the basement is unfinished, basically one large room with the
>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>
>>> His realtor has told him that he should empty the shop before showing the
>>> house, so he has moved all of his equipment and material to storage until
>>> his new house is ready.
>>>
>>> What are your thoughts? Would you have left the shop as staging or emptied
>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>> rage these days, why not stage a shop?
>>
>> So, at the suggestion of his realtor, my neighbor emptied his woodworking
>> shop. He left a large rolling toolbox, a wet-dry vac, some boxes and paint
>> cans and other assorted odds and ends.
>>
>> The only pictures of the basement are of the room that used to be his shop.
>> The main basement, with the washer, dryer, furnace, water heater, etc. is
>> not included in the listing pictures.
>>
>> https://photos.zillowstatic.com/p_f/ISyjhe5auhptam1000000000.jpg
>> https://photos.zillowstatic.com/p_f/ISmmvt0egzy6rl1000000000.jpg
>>
>> The listing includes the words:
>>
>> WALKOUT BSMNT FEATURES GLASS BLK WNDWS, FBA, & LARGE SHOP W/LOTS OF ELECT!
>>
>> So much for letting potential buyers use their imagination as to what the
>> room could be used for. ;-)
>>
>
>Nice size for a shop but if they don't show the rest it looks small
>overall. It would be more attractive had he put some rock up on the
>ceiling and would have brightened his shop.

I certainly wouldn't want a drywall basement ceiling. The access to
electrical and plumbing is too valuable. Put in a drop ceiling, if
you must.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 8:38 AM

On Sunday, April 2, 2017 at 12:44:10 AM UTC-4, [email protected] wrote:
> On Saturday, April 1, 2017 at 5:36:57 PM UTC-5, J. Clarke wrote:
> > In article <7c012f78-f231-4982-a065-d4655ff04f03
> > @googlegroups.com>, [email protected] says...
> > >=20
> > > On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] =
wrote:
> > > > As others said, empty the shop. From your description it sounds li=
ke this house could have a finished basement. Many potential buyers would =
see the basement finished if it was empty for them to imagine. But if fill=
ed with shop equipment, and used for a specific purpose, its harder for the=
m to imagine all that gone and the room finished into living space. Unfini=
shed basements are also storage space to many people. If empty, its easy t=
o see it as storage space. =20
> > Also consider that half the people looking at the house will be women. =
Assuming couples buy the house. By showing it as a shop for a man, you ar=
e automatically causing half the people looking at the house to instantly b=
e deprived of ever using that basement. When selling things its not good t=
o make half the buyers happy, man shop, and half the buyers filled with rag=
e and hate for the place, women who cannot ever use the space.
> > >=20
> > > Did you miss the part of the description that stated that the shop wa=
s a separate space from
> > > the "main" basement? 2 separate rooms, with the shop being about 1/3 =
of the overall basement.=20
> > > No one was being "deprived of ever using that basement."
> > >=20
> > > BTW 2 of the things that came out if that shop was a brand new kitche=
n for the wife and a=20
> > > bedroom set for both of them. She made out just fine.
> > >=20
> > > In addition, you are assuming that all couples are made up of a man a=
nd a women.
> >=20
> > And that a woman has no use for a shop full of=20
> > tools. Paint it all pink and watch the=20
> > realtor's head explode.
>=20
> I have known one or two or maybe three women in my life. =20

I'd like a little more info related to that statement. Just curious...What=
=20
do you mean by "known"?

How does one go through life "knowing" only "one or two or maybe three=20
women"? Heck, your mom counts as one so you don't have too many left to=20
hit your max of 3.

Do you mean "known" in the biblical sense?

> Have yet to meet any that do woodworking or mechanic work. Or yardwork. =
Or cut firewood. Or dig ditches. =20

Well, if you've only known 3, that's not surprising.

Drive through my neighborhood sometime. Lots of woman joining their husband=
s
or partners (if not single) doing all kinds of yard work, stacking wood,
etc. Heck, 1/3 of my lot is comprised of SWMBO's gardens. She does 90% of t=
he
work related to them. I know enough not to intrude unless invited to help.
(BTW I don't feel deprived of those areas)=20

You know, now that I think about some of your earlier comments, I guess I'm=
=20
going to have to rip out all of her gardens before we sell. I may be implyi=
ng=20
that the next owners can't have a full lawn or a pool or a patio because of=
=20
the current contents of the gardens.


> Not saying there are not any. There are. But very, very, very, very few=
. On TV I have seen women play football. Tackle football. In bikinis! Y=
eah. But I have yet to meet any women who play football. Men, usually you=
ng, will play football with each other. Have not seen any women playing fo=
otball. Except on TV. In bikinis! I'm just guessing the bikinis are impo=
rtant.

Mm

Markem

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 6:08 PM

On Sat, 1 Apr 2017 16:07:30 -0400, woodchucker <[email protected]>
wrote:

>On 4/1/2017 10:20 AM, DerbyDad03 wrote:
>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> The shop is at ground level, with a door to the back yard. Some pretty nice
>> stuff has come out that shop.
>>
>> The rest of the basement is unfinished, basically one large room with the
>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> there's a shower stall bathroom in the corner. The basement can be accessed
>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>
>> His realtor has told him that he should empty the shop before showing the
>> house, so he has moved all of his equipment and material to storage until
>> his new house is ready.
>>
>> What are your thoughts? Would you have left the shop as staging or emptied
>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> rage these days, why not stage a shop?
>>
>
>I hate these empty your house to show it. The HGTV shows have created
>that mentality. Again where TV winds up becoming reality. I would have
>left it.

Go check out realty ads, craigslist or Realtor.com, zillow.

The pictures that kill me are when the house is stuffed to the gills,
but the pics are that nice soft focus (blurry). You can tell the
staged ones. My preference when looking at houses, empty my
imagination can fill it.

I doubt anyone has kept statistics that are valid as to which sell
best though, the messy one though are probably last.

c

in reply to Markem on 02/04/2017 6:08 PM

04/04/2017 12:33 AM

On Mon, 3 Apr 2017 22:01:06 -0400, "J. Clarke"
<[email protected]> wrote:

>In article <[email protected]>, [email protected]
>says...
>>
>> On 03 Apr 2017 21:35:48 GMT, Puckdropper
>> <puckdropper(at)yahoo(dot)com> wrote:
>>
>> >[email protected] wrote in
>> >news:[email protected]:
>> >
>> >>
>> >> Or a thousand miles South and get three times the house on 20 times
>> >> the property and still be within an hour[*] of six woodworking stores.
>> >> ;-)
>> >>
>> >> [*] Well, before a key highway collapsed.
>> >
>> >Yeah, but what happens when it rains?
>> >
>> >I've been there (Atlanta) when it's rained... Sure doesn't take long for
>> >someone to slide into someone and clog up all the major expressways out of
>> >town.
>> >
>> >Is Toronto better about that?
>> >
>> >Puckdropper
>>
>>
>> Significantly. I've driven through/around Atlanta a couple times -
>> the traffic is nothing compared to Toronto - but I've NEVER made the
>> trip without a traffic delay from some driver doing somethinf stupid.
>
>I used to commute from the outskirts to Georgia Tech. Traffic wasn't
>really that big a deal most days. A lot better than Hartford. Of course
>Hell is probably better than Hartford.


You want to see an 18 lane parking lot? Try driving across Toronto
between 3PM and 6pm, or 6:30AM and 9AM.
It used to be you could drive across Toronto in "off hours" with
hardly any traffic - now there are NO "off hours" - I've been caught
in a traffic jam at 2AM heading west - - -

Mm

Michael

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 7:26 AM

On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
> My neighbor is selling his house. He has a wood shop in his basement, maybe
> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
> The shop is at ground level, with a door to the back yard. Some pretty nice
> stuff has come out that shop.
>
> The rest of the basement is unfinished, basically one large room with the
> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
> there's a shower stall bathroom in the corner. The basement can be accessed
> by stairs from the kitchen or through the shop. They are 2 separate spaces.
> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>
> His realtor has told him that he should empty the shop before showing the
> house, so he has moved all of his equipment and material to storage until
> his new house is ready.
>
> What are your thoughts? Would you have left the shop as staging or emptied
> the room like the realtor suggested? I know we are biased, so maybe we aren't
> the right people to ask. ;-) If staging bedrooms and kitchens is all the
> rage these days, why not stage a shop?

The rule is empty because it looks bigger and the buyer imagines all his or her stuff in there.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 2:39 PM

On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] wrote:
> As others said, empty the shop. From your description it sounds like thi=
s house could have a finished basement. Many potential buyers would see th=
e basement finished if it was empty for them to imagine. But if filled wit=
h shop equipment, and used for a specific purpose, its harder for them to i=
magine all that gone and the room finished into living space. Unfinished b=
asements are also storage space to many people. If empty, its easy to see =
it as storage space. Also consider that half the people looking at the hou=
se will be women. Assuming couples buy the house. By showing it as a shop=
for a man, you are automatically causing half the people looking at the ho=
use to instantly be deprived of ever using that basement. When selling thi=
ngs its not good to make half the buyers happy, man shop, and half the buye=
rs filled with rage and hate for the place, women who cannot ever use the s=
pace.

Did you miss the part of the description that stated that the shop was a se=
parate space from
the "main" basement? 2 separate rooms, with the shop being about 1/3 of the=
overall basement.=20
No one was being "deprived of ever using that basement."

BTW 2 of the things that came out if that shop was a brand new kitchen for =
the wife and a=20
bedroom set for both of them. She made out just fine.

In addition, you are assuming that all couples are made up of a man and a w=
omen.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 7:37 PM

On Thu, 27 Apr 2017 18:18:15 -0400, FrozenNorth
<[email protected]> wrote:

>On 2017-04-27 3:51 PM, [email protected] wrote:
>> On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>
>>> On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>> <[email protected]> wrote:
>>>
>>>> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>> DerbyDad03 <[email protected]> wrote:
>>>>
>>>>> So much for letting potential buyers use their imagination as to what
>>>>> the room could be used for. ;-)
>>>>
>>>> the point of removing furnishings is to make the space look and feel
>>>> bigger
>>>
>>> There is a limit to that. There should be enough in a room to make it
>>> look useful but not enough to make it junky. A lot of people can't
>>> "see" their bed in an empty room. OTOH, if there is a queen bed in
>>> the room, it's a lot easier to imagine your king in the same room.
>>> There is a reason people pay big money to stage homes.
>> Total waste of money in this local market where there are multiple
>> bids on virtually every listing, and they usually sell way over listed
>> price - with no conditions, and often sight unseen. Crazy I know, but
>> that's the market in the Greater Golden Horseshoe.
>>
>Yep, I own a house in Toronto, it is crazy to see the the listed price,
>and then hear the selling price. The last one on my street went over
>120K over asking.

A friend sold his house in Waterloo to a Toronto couple - first offer
- $75K over asking, no conditions cash offer - - -

rr

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:44 PM

On Saturday, April 1, 2017 at 5:36:57 PM UTC-5, J. Clarke wrote:
> In article <7c012f78-f231-4982-a065-d4655ff04f03
> @googlegroups.com>, [email protected] says...
> >=20
> > On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] wr=
ote:
> > > As others said, empty the shop. From your description it sounds like=
this house could have a finished basement. Many potential buyers would se=
e the basement finished if it was empty for them to imagine. But if filled=
with shop equipment, and used for a specific purpose, its harder for them =
to imagine all that gone and the room finished into living space. Unfinish=
ed basements are also storage space to many people. If empty, its easy to =
see it as storage space. =20
> Also consider that half the people looking at the house will be women. A=
ssuming couples buy the house. By showing it as a shop for a man, you are =
automatically causing half the people looking at the house to instantly be =
deprived of ever using that basement. When selling things its not good to =
make half the buyers happy, man shop, and half the buyers filled with rage =
and hate for the place, women who cannot ever use the space.
> >=20
> > Did you miss the part of the description that stated that the shop was =
a separate space from
> > the "main" basement? 2 separate rooms, with the shop being about 1/3 of=
the overall basement.=20
> > No one was being "deprived of ever using that basement."
> >=20
> > BTW 2 of the things that came out if that shop was a brand new kitchen =
for the wife and a=20
> > bedroom set for both of them. She made out just fine.
> >=20
> > In addition, you are assuming that all couples are made up of a man and=
a women.
>=20
> And that a woman has no use for a shop full of=20
> tools. Paint it all pink and watch the=20
> realtor's head explode.

I have known one or two or maybe three women in my life. Have yet to meet =
any that do woodworking or mechanic work. Or yardwork. Or cut firewood. =
Or dig ditches. Not saying there are not any. There are. But very, very,=
very, very few. On TV I have seen women play football. Tackle football. =
In bikinis! Yeah. But I have yet to meet any women who play football. M=
en, usually young, will play football with each other. Have not seen any w=
omen playing football. Except on TV. In bikinis! I'm just guessing the b=
ikinis are important.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 9:26 PM

On 03 Apr 2017 21:35:48 GMT, Puckdropper
<puckdropper(at)yahoo(dot)com> wrote:

>[email protected] wrote in
>news:[email protected]:
>
>>
>> Or a thousand miles South and get three times the house on 20 times
>> the property and still be within an hour[*] of six woodworking stores.
>> ;-)
>>
>> [*] Well, before a key highway collapsed.
>
>Yeah, but what happens when it rains?
>
>I've been there (Atlanta) when it's rained... Sure doesn't take long for
>someone to slide into someone and clog up all the major expressways out of
>town.
>
>Is Toronto better about that?
>
>Puckdropper


Significantly. I've driven through/around Atlanta a couple times -
the traffic is nothing compared to Toronto - but I've NEVER made the
trip without a traffic delay from some driver doing somethinf stupid.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 1:19 PM

On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/2/2017 10:57 PM, [email protected] wrote:
>
>>>
>>> If it's really that hot, housing is very under priced. Ninety days is
>>> considered "normal". This isn't even the normal peak buying time.
>>>
>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>> after selling. Way too stressful.
>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>> "working class" subdivision sells for over $350,000 I don't think the
>> house is "under-priced"
>> With the influx of Toronto buyers I think you could sell a henhouse in
>> a week for what would have been the high end of the market for a
>> decent house less than 2 years ago.
>> It's NUTS.
>
>How easy is getting a mortgage? I hope it is not heading like our
>housing market before the bubble burst. Of course, if you earned $2000
>a month and your payment would be $1999 you qualified.
The mortgage "stress test" is pretty tight. You don't qualify for a
CMHC insured mortgage if you wouldn't pass at 3 or 4%? higher than
current levels..

As an example, at my bank, IF I was making $80,000 a year and was debt
free with a $50,000 down payment on a house with $3000 taxes and $750
anual heating bill, they would approve me for only $247,900 purchace
price (about $197,900 mortgage) with current payments of $1133.00 per
month.
A $4751 CMHC insurance fee is charged on that mortgage.

A minimum 5% down payment is required up to $500,000, and 10% on the
balance up to 1 million. Over 1 million no default insurance is
available and a 20% down payment on the total value is required.

At my current income I couldn't afford the mortgage on a chicken coop.

Ll

Leon

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 7:33 PM

On 4/1/2017 12:50 PM, [email protected] wrote:
> On Sat, 1 Apr 2017 09:28:14 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/1/2017 9:20 AM, DerbyDad03 wrote:
>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>> stuff has come out that shop.
>>>
>>> The rest of the basement is unfinished, basically one large room with the
>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>
>>> His realtor has told him that he should empty the shop before showing the
>>> house, so he has moved all of his equipment and material to storage until
>>> his new house is ready.
>>>
>>> What are your thoughts? Would you have left the shop as staging or emptied
>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>> rage these days, why not stage a shop?
>>>
>>
>> If you have a place to move the equipment to, move it out. As hard as
>> this is to believe, not every man is a "He-man" and he may not, if he
>> even has any say in the matter, care to see wood working equipment. ;~)
>
> Even though some may not be "He-men" (do you know any?-), most see
> themselves that way. Even though they may not be avid woodworkers
> most would like some sort of place to get away. Home maintenance does
> take some space, too.

Did you not see my tongue in my cheek? ;!)



>
>> An empty room just looks bigger and uncluttered, that is what the
>> realtor and perspective buyers want to see for a storage area.
>> Basically the area is not only intended to be a shop and a perspective
>> buyer may see it as only a room intended to be a shop if it is filled
>> with equipment. If the room is empty the buyer can see it as any thing
>> he or she wants it to be.
>
> Filled, no. Used, yes. People really do want to see "lived-in"
> spaces. There is a whole home "staging" industry for a reason.
>

Understood and why I specifically mentioned "storage area" and not a
specific room in the house, like a bedroom, living room, dining room,
etc. An unmodified basement it typically storage.



JC

"J. Clarke"

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 6:36 PM

In article <7c012f78-f231-4982-a065-d4655ff04f03
@googlegroups.com>, [email protected] says...
>
> On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] wrote:
> > As others said, empty the shop. From your description it sounds like this house could have a finished basement. Many potential buyers would see the basement finished if it was empty for them to imagine. But if filled with shop equipment, and used for a specific purpose, its harder for them to imagine all that gone and the room finished into living space. Unfinished basements are also storage space to many people. If empty, its easy to see it as storage space.
Also consider that half the people looking at the house will be women. Assuming couples buy the house. By showing it as a shop for a man, you are automatically causing half the people looking at the house to instantly be deprived of ever using that basement. When selling things its not good to make half the buyers happy, man shop, and half the buyers filled with rage and hate for the place, women who cannot ever use the space.
>
> Did you miss the part of the description that stated that the shop was a separate space from
> the "main" basement? 2 separate rooms, with the shop being about 1/3 of the overall basement.
> No one was being "deprived of ever using that basement."
>
> BTW 2 of the things that came out if that shop was a brand new kitchen for the wife and a
> bedroom set for both of them. She made out just fine.
>
> In addition, you are assuming that all couples are made up of a man and a women.

And that a woman has no use for a shop full of
tools. Paint it all pink and watch the
realtor's head explode.

JC

"J. Clarke"

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 1:05 PM

In article <[email protected]>,
[email protected] says...
>
> On Sunday, April 2, 2017 at 12:44:10 AM UTC-4, [email protected] wrote:
> > On Saturday, April 1, 2017 at 5:36:57 PM UTC-5, J. Clarke wrote:
> > > In article <7c012f78-f231-4982-a065-d4655ff04f03
> > > @googlegroups.com>, [email protected] says...
> > > >
> > > > On Saturday, April 1, 2017 at 3:08:13 PM UTC-4, [email protected] wrote:
> > > > > As others said, empty the shop. From your description it sounds like this house could have a finished basement. Many potential buyers would see the basement finished if it was empty for them to imagine. But if filled with shop equipment, and used for a specific purpose, its harder for them to imagine all that gone and the room finished into living space. Unfinished basements are also storage space to many people. If empty, its easy to see it as storage
space.
> > > Also consider that half the people looking at the house will be women. Assuming couples buy the house. By showing it as a shop for a man, you are automatically causing half the people looking at the house to instantly be deprived of ever using that basement. When selling things its not good to make half the buyers happy, man shop, and half the buyers filled with rage and hate for the place, women who cannot ever use the space.
> > > >
> > > > Did you miss the part of the description that stated that the shop was a separate space from
> > > > the "main" basement? 2 separate rooms, with the shop being about 1/3 of the overall basement.
> > > > No one was being "deprived of ever using that basement."
> > > >
> > > > BTW 2 of the things that came out if that shop was a brand new kitchen for the wife and a
> > > > bedroom set for both of them. She made out just fine.
> > > >
> > > > In addition, you are assuming that all couples are made up of a man and a women.
> > >
> > > And that a woman has no use for a shop full of
> > > tools. Paint it all pink and watch the
> > > realtor's head explode.
> >
> > I have known one or two or maybe three women in my life.
>
> I'd like a little more info related to that statement. Just curious...What
> do you mean by "known"?
>
> How does one go through life "knowing" only "one or two or maybe three
> women"? Heck, your mom counts as one so you don't have too many left to
> hit your max of 3.
>
> Do you mean "known" in the biblical sense?
>
> > Have yet to meet any that do woodworking or mechanic work. Or yardwork. Or cut firewood. Or dig ditches.
>
> Well, if you've only known 3, that's not surprising.
>
> Drive through my neighborhood sometime. Lots of woman joining their husbands
> or partners (if not single) doing all kinds of yard work, stacking wood,
> etc. Heck, 1/3 of my lot is comprised of SWMBO's gardens. She does 90% of the
> work related to them. I know enough not to intrude unless invited to help.
> (BTW I don't feel deprived of those areas)
>
> You know, now that I think about some of your earlier comments, I guess I'm
> going to have to rip out all of her gardens before we sell. I may be implying
> that the next owners can't have a full lawn or a pool or a patio because of
> the current contents of the gardens.
>
>
> > Not saying there are not any. There are. But very, very, very, very few. On TV I have seen women play football. Tackle football. In bikinis! Yeah. But I have yet to meet any women who play football. Men, usually young, will play football with each other. Have not seen any women playing football. Except on TV. In bikinis! I'm just guessing the bikinis are important.

I remember a rather attractive young lady dropping by a barn I was working
on and inquiring whether there were any odd pieces of the old structure or
siding available for purchase. On inquiry it turns out that she makes
furniture and likes to use the sort of vintage lumber one occasionally
finds in 200 year old barns.

JC

"J. Clarke"

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 10:01 PM

In article <[email protected]>, [email protected]
says...
>
> On 03 Apr 2017 21:35:48 GMT, Puckdropper
> <puckdropper(at)yahoo(dot)com> wrote:
>
> >[email protected] wrote in
> >news:[email protected]:
> >
> >>
> >> Or a thousand miles South and get three times the house on 20 times
> >> the property and still be within an hour[*] of six woodworking stores.
> >> ;-)
> >>
> >> [*] Well, before a key highway collapsed.
> >
> >Yeah, but what happens when it rains?
> >
> >I've been there (Atlanta) when it's rained... Sure doesn't take long for
> >someone to slide into someone and clog up all the major expressways out of
> >town.
> >
> >Is Toronto better about that?
> >
> >Puckdropper
>
>
> Significantly. I've driven through/around Atlanta a couple times -
> the traffic is nothing compared to Toronto - but I've NEVER made the
> trip without a traffic delay from some driver doing somethinf stupid.

I used to commute from the outskirts to Georgia Tech. Traffic wasn't
really that big a deal most days. A lot better than Hartford. Of course
Hell is probably better than Hartford.

GR

"G. Ross"

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 3:19 PM

[email protected] wrote:
> On Sat, 1 Apr 2017 09:28:14 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/1/2017 9:20 AM, DerbyDad03 wrote:
>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>> stuff has come out that shop.
>>>
>>> The rest of the basement is unfinished, basically one large room with the
>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>
>>> His realtor has told him that he should empty the shop before showing the
>>> house, so he has moved all of his equipment and material to storage until
>>> his new house is ready.
>>>
>>> What are your thoughts? Would you have left the shop as staging or emptied
>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>> rage these days, why not stage a shop?
>>>
>>
>>If you have a place to move the equipment to, move it out. As hard as
>>this is to believe, not every man is a "He-man" and he may not, if he
>>even has any say in the matter, care to see wood working equipment. ;~)
>
> Even though some may not be "He-men" (do you know any?-), most see
> themselves that way. Even though they may not be avid woodworkers
> most would like some sort of place to get away. Home maintenance does
> take some space, too.
>
>>An empty room just looks bigger and uncluttered, that is what the
>>realtor and perspective buyers want to see for a storage area.
>>Basically the area is not only intended to be a shop and a perspective
>>buyer may see it as only a room intended to be a shop if it is filled
>>with equipment. If the room is empty the buyer can see it as any thing
>>he or she wants it to be.
>
> Filled, no. Used, yes. People really do want to see "lived-in"
> spaces. There is a whole home "staging" industry for a reason.
>
My son just sold his house. They were advised to move out completely
and clean it up, of course. It sold in less than 24 hours.

--
GW Ross






Ss

Steve

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 10:21 AM

On Thursday, April 6, 2017 at 12:57:58 PM UTC-4, woodchucker wrote:

> >
> So what you are saying is people have no imagination and can only see it=
=20
> for what it is.
>=20
> Years ago, homes were never staged, you went out and saw what people=20
> had. You used your imagination. Figured out what you wanted it to look=
=20
> like.
>=20
> --=20
> Jeff

Yes! Exactly. Repulsive, but true. If you have ever watched any of thos=
e "Buy it now" type home shows, think of the number of times someone's said=
"Ugh. We can't buy this house! The walls are green! How awful! We're out=
of here." I just shake my head...then turn the channel. =20

But if that's how people think about green (pink, brown, paneled, papered) =
walls which are ridiculous easy to change, then just imagine how they are v=
iewing a room with nearly a ton of hardened steel and cast iron equipment i=
n the middle of it. That's not to mention the walls full of ductwork, condu=
it, lumber racks, and everything else we all take for granted or consider a=
n asset to our spaces. =20

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:23 PM

On Sat, 1 Apr 2017 12:08:08 -0700 (PDT), "[email protected]"
<[email protected]> wrote:

>As others said, empty the shop. From your description it sounds like this house could have a finished basement. Many potential buyers would see the basement finished if it was empty for them to imagine. But if filled with shop equipment, and used for a specific purpose, its harder for them to imagine all that gone and the room finished into living space. Unfinished basements are also storage space to many people. If empty, its easy to see it as storage space. Also consider that half the people looking at the house will be women. Assuming couples buy the house. By showing it as a shop for a man, you are automatically causing half the people looking at the house to instantly be deprived of ever using that basement. When selling things its not good to make half the buyers happy, man shop, and half the buyers filled with rage and hate for the place, women who cannot ever use the space.

Sure they can. They use it to get rid of him!

Our basement is about 2500 ft^2 of unfinished space but it wouldn't
take much to finish it (I'm considering whether to sheetrock all the
walls this year but I doubt I'll get it past the finance committee).
No one would use it all for storage space, though I'm sure few would
use half of it for shop space, either. Were I to sell the house, I
would probably move the big tools out and leave the rest.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

04/04/2017 6:48 PM

On Monday, April 3, 2017 at 10:01:10 PM UTC-4, J. Clarke wrote:
> In article <[email protected]>, [email protected]
> says...
> >
> > On 03 Apr 2017 21:35:48 GMT, Puckdropper
> > <puckdropper(at)yahoo(dot)com> wrote:
> >
> > >[email protected] wrote in
> > >news:[email protected]:
> > >
> > >>
> > >> Or a thousand miles South and get three times the house on 20 times
> > >> the property and still be within an hour[*] of six woodworking stores.
> > >> ;-)
> > >>
> > >> [*] Well, before a key highway collapsed.
> > >
> > >Yeah, but what happens when it rains?
> > >
> > >I've been there (Atlanta) when it's rained... Sure doesn't take long for
> > >someone to slide into someone and clog up all the major expressways out of
> > >town.
> > >
> > >Is Toronto better about that?
> > >
> > >Puckdropper
> >
> >
> > Significantly. I've driven through/around Atlanta a couple times -
> > the traffic is nothing compared to Toronto - but I've NEVER made the
> > trip without a traffic delay from some driver doing somethinf stupid.
>
> I used to commute from the outskirts to Georgia Tech. Traffic wasn't
> really that big a deal most days. A lot better than Hartford. Of course
> Hell is probably better than Hartford.

I grew up in NYC. I hated NYC traffic since Day 1.

My family and I used to leave for Jones Beach at 6AM. We'd eat breakfast at the beach,
swim until it got crowded and then drive home, laughing at all the people stuck in traffic
on the LIE and Meadowbrook trying to get to Jones Beach. (and they were going to be
stuck on the way home too.)

After getting out of the USCG and going to college in NYC, I only took interviews for
jobs outside of NYC. Why? Because I grew up in NYC and I hated NYC traffic since Day 1.

I like to drive and for the past 30+ years I've been able to.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 9:50 AM

On Monday, April 3, 2017 at 10:13:28 AM UTC-4, Leon wrote:
> On 4/3/2017 5:53 AM, DerbyDad03 wrote:
> > On Sunday, April 2, 2017 at 10:54:47 PM UTC-4, Electric Comet wrote:
> >> On Sat, 1 Apr 2017 07:20:27 -0700 (PDT)
> >> DerbyDad03 <[email protected]> wrote:
> >>
> >>> maybe we aren't the right people to ask. ;-) If staging bedrooms and
> >>> kitchens is all the rage these days, why not stage a shop?
> >>
> >> because a shop is more personal to a woodworker
> >> we are particular about our tools
> >>
> >> woodworker is a very very small market segment
> >>
> >> plus what is the commision for a realtor these days
> >>
> >> maybe make them earn that and take their advice
> >
> > As if different realtors don't have different opinions.
> >
> > Just because were paying them doesn't make them right 100% of the time.
> >
>
> This is correct, but a realtor typically knows much more about selling
> homes than the average home owner.

Trust, but verify.

We're dealing with a realtor to sell my dad's house. Even she says that nothing is 100%
when selling a house. The smell of chocolate chip cookies could send the best buyer
running out of the door. :-)

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

05/04/2017 11:35 PM

On Wed, 05 Apr 2017 22:53:48 -0400, [email protected] wrote:

>On Wed, 05 Apr 2017 22:48:14 -0400, [email protected] wrote:
>
>>On Wed, 05 Apr 2017 20:41:23 -0400, [email protected] wrote:
>>
>>>On Wed, 05 Apr 2017 13:39:32 -0400, [email protected] wrote:
>>>
>>>>On Tue, 04 Apr 2017 22:09:53 -0400, [email protected] wrote:
>>>>
>>>>>On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
>>>>><[email protected]> wrote:
>>>>>
>>>>>>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>>>>>>DerbyDad03 <[email protected]> wrote:
>>>>>>
>>>>>>> Just because were paying them doesn't make them right 100% of the
>>>>>>> time.
>>>>>>
>>>>>>certainly you mean overpaying them
>>>>>
>>>>>You mean they're stealing money from you? Are they forcing you to use
>>>>>their services?
>>>> Pretty close. Not saying they are stealing money, but in many cases
>>>>they are not providing the service you are paying for. Worse yet for
>>>>home inspectors than realtors.
>>>
>>>You chose to hire them and agreed to the terms. They don't get paid
>>>if you aren't successful in selling your home. How is that being
>>>"overpaid"?
>>>
>>>My selling agents have been worth every dime I paid them. We had a
>>>loser buyer's agent but she didn't get paid a dime either. Her
>>>replacement got paid the buying side of the commission for a few hours
>>>work (she was willing _to_ work).
>>
>>
>>
>>You need to vet your agent, whether buying or selling. In a hot market
>>any agent can sell your house and get you a good price. In a slow
>>market just about any agent can get you a suitable house.. Whether
>>they have fully represented you, and provided you all the information
>>they should have when buying, or given all the information to the
>>buyer they should have, is another question.
>>Getting you into or out of a house isn't the whole job.
>
>Sure, in a slow market the agent's biggest job is to find buyers but
>the buyer isn't paying the agent. The fact is that the seller is
>paying both ends of the deal. Since you, the buyer, aren't paying the
>salary of the agent, he can't be over-priced. You don't seem to
>understand that both agents are working for the seller, no matter what
>they may say.
You may not be paying the "buyer's agent" directly - but the agent is
being paid, and it IS coming out of your pocket indirectly because the
cost of selling the house is reflected in the price you pay when you
buy the house. There is no "free lunch"

If you manage to get a "double header" agent - the listing agent also
being your "buyer's agent" it is doubly important that they know what
they are doing -Or a triple header - listing and selling YOUR house,
as well as being the listing agent on the house you buy and your
"buyer's agent"

When we bought our house (and sold our old house) the house we bought
was listed by a different agent working for the same company. - but
neither was the "buyer's agent" for the buyer of our old house.

I'm sure glad I'm not buying or selling in the current market. We were
looking 2 years ago but I'll put in stair lifts and stay in the house
we have for a lot less than just the real estate comissions involved
in changing houses - and there are no decent bungalows available for
what we are likely to get for our 2 story - and I refuse to deal with
a mortgage in retirement.

c

in reply to [email protected] on 05/04/2017 11:35 PM

08/04/2017 8:34 PM

On Sat, 08 Apr 2017 09:34:07 -0400, [email protected] wrote:

>On Fri, 07 Apr 2017 23:54:27 -0400, [email protected] wrote:
>
>>On Fri, 07 Apr 2017 23:05:04 -0400, [email protected] wrote:
>>
>>>On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>>On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>
>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>> this afternoon if they wanted to.
>>>>>>>
>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>
>>>>>>
>>>>>> To keep from having to make a money transfer or write another check.
>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>> at all it is costing you money to keep the mortgage.
>>>>>
>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>> cost of money is so low, it doesn't matter.
>>>>>>
>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>> flood insurance.
>>>>>
>>>>> Why did your builder care?
>>>>
>>>>The builder does not have to pay extra points for loan qualification.
>>>>
>>>>
>>>>Whether you have a mortgage or not, it's
>>>>> all cash to him.
>>>>
>>>>More or less, builders pay a lot for certain additions of difficulty to
>>>>get loans added in the mix.
>>>
>>>I can't parse the above sentence.
>>>
>>>> There is no mortgage insurance unless you have more
>>>>> house than you can afford.
>>>>
>>>>Unless you finance 80% or more IIRC.
>>>
>>>What I said. ;-)
>>>
>>>>If you're in a flood plane, you're stupid
>>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>>
>>>>I do not have fire insurance specifically, I have home owners insurance
>>>>which covers most anything except flood.
>>>
>>>I'll bet it doesn't cover earthquakes (earth movement) either.
>>>
>>>>Every one is in a flood plane, some 500 year, 100 year, etc.
>>>
>>>Not true.
>>>
>>>>I am in
>>>>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>>precious home was in a cheap zone until it was rezoned, that can happen
>>>>any time and if it happens and you still have a mortgage you may have to
>>>>get flood insurance. If you don't the flood insurance the mortgage
>>>>company will get it for you.
>>>
>>>So?
>>>
>>>>My precious home went from about $260 per year to $3600 for flood
>>>>insurance. That was just after Katrina. Had I still had a mortgage my
>>>>payments would have gone up $300 per month.
>>>>
>>>>If you have a mortgage you may incur more liabilities than just the loan.
>>>
>>>So you're saying that you would go without flood insurance? So you're
>>>self-insuring.
>> There are lots of places where flood insurance is basically not
>>available.
>
>Where would that be? BTW, I'm not saying that everyone should have
>flood insurance, just that a mortgage shouldn't be the determining
>factor. A home is still something few can afford to lose (hence
>self-insure).
There are same areas where the cost of d insurance in flood plane
areas is so high it is "basically unavailable". a few years insurance
will replace the structure.

c

in reply to [email protected] on 05/04/2017 11:35 PM

08/04/2017 8:37 PM

On Sat, 08 Apr 2017 11:26:03 -0400, [email protected] wrote:

>On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/7/2017 9:47 PM, [email protected] wrote:
>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>
>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>> this afternoon if they wanted to.
>>>>>>>
>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>
>>>>>>
>>>>>> To keep from having to make a money transfer or write another check.
>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>> at all it is costing you money to keep the mortgage.
>>>>>
>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>> cost of money is so low, it doesn't matter.
>>>>>>
>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>> flood insurance.
>>>>>
>>>>> Why did your builder care?
>>>>
>>>> The builder does not have to pay extra points for loan qualification.
>>>
>>> Why would the builder pay points on your loan?
>>
>>Ok, this is getting kind'a silly. Often a builder will pay points to
>>lower the mortgage or to simply help with the expenses of the mortgage
>>approval, this happened with our first home. Builders ALWAYS pay points
>>to close the deal. If your builder did not you were had.
>
>That's absurd. I shop mortgages for myself. Why would I take their
>financing?
>>
>>Anyway here is how our sale went. After negotiating and agreeing to the
>>the price to build the home the salesman asked if we already had an
>>approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>get an extra $5K off of your negotiated price.
>>
>>If you need further details I suggest you visit DRHorton.com
>
>So the analogy is to take dealer financing on cars? In almost all
>cases, that's silly.
It's far from silly when it is at 0% or 0.25%

Oo

OFWW

in reply to [email protected] on 05/04/2017 11:35 PM

08/04/2017 10:43 PM

On Sat, 8 Apr 2017 10:01:17 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/7/2017 8:27 PM, OFWW wrote:
>> On Fri, 07 Apr 2017 20:41:31 -0400, [email protected] wrote:
>>
>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>
>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>> this afternoon if they wanted to.
>>>>>>>
>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>
>>>>>>
>>>>>> To keep from having to make a money transfer or write another check.
>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>> at all it is costing you money to keep the mortgage.
>>>>>
>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>> cost of money is so low, it doesn't matter.
>>>>>>
>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>> flood insurance.
>>>>>
>>>>> Why did your builder care?
>>>>
>>>> The builder does not have to pay extra points for loan qualification.
>>>>
>>>>
>>>> Whether you have a mortgage or not, it's
>>>>> all cash to him.
>>>>
>>>> More or less, builders pay a lot for certain additions of difficulty to
>>>> get loans added in the mix.
>>>>
>>>> There is no mortgage insurance unless you have more
>>>>> house than you can afford.
>>>>
>>>> Unless you finance 80% or more IIRC.
>>>>
>>>>
>>>>
>>>> If you're in a flood plane, you're stupid
>>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>>
>>>> I do not have fire insurance specifically, I have home owners insurance
>>>> which covers most anything except flood.
>>>>
>>>> Every one is in a flood plane, some 500 year, 100 year, etc. I am in
>>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>> precious home was in a cheap zone until it was rezoned, that can happen
>>>> any time and if it happens and you still have a mortgage you may have to
>>>> get flood insurance. If you don't the flood insurance the mortgage
>>>> company will get it for you.
>>>>
>>>> My precious home went from about $260 per year to $3600 for flood
>>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>>> payments would have gone up $300 per month.
>>>>
>>>> If you have a mortgage you may incur more liabilities than just the loan.
>>>>
>>>>
>>> I'm over 100 feet higher than the Grand River and Laurel Creek at just
>>> about the highest point in the whole neighborhood. It would be a more
>>> than 1 in 500 year event to flood overland,
>>>>
>>
>> You would be surprised how they figure ground water damage. I'm going
>> through that right now. House is 3.5 to 4 feet above everything, with
>> no water barriers like concrete to stop the water from draining off.
>> They still wanted to call it ground water damage instead of Heavy rain
>> storms twice in the same month with heavy winds driving it into a hole
>> and some cracks between the flashing and stucco. All 6" above the
>> ground.
>>
>
>Typically in the Houston area, which floods on a regular basis, if the
>damage to the walls is from the floor up, it is rising water and
>flooded. If the damage is from the ceiling down, it is not rising water
>and or flooded.

Mine was from the ground up, but it would be impossible for it to have
flooded here as the land around me would have to be under 4 ft plus to
have even hit the bottom of the stucco. That would have hit the
national news had it happened.

One guy said it "trickled up", but even with all the earthquakes we've
been through there is nary a crack.

I was glad that our garage door has a nice seal to it at the bottom,
without that the rains would have wet the whole garage the way the
winds were blowing.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 7:34 AM

On Saturday, April 1, 2017 at 10:26:15 AM UTC-4, Michael wrote:
> On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
> > My neighbor is selling his house. He has a wood shop in his basement, maybe
> > 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
> > The shop is at ground level, with a door to the back yard. Some pretty nice
> > stuff has come out that shop.
> >
> > The rest of the basement is unfinished, basically one large room with the
> > furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
> > there's a shower stall bathroom in the corner. The basement can be accessed
> > by stairs from the kitchen or through the shop. They are 2 separate spaces.
> > It's sloped lot, allowing for a walk-out basement in the rear for the shop.
> >
> > His realtor has told him that he should empty the shop before showing the
> > house, so he has moved all of his equipment and material to storage until
> > his new house is ready.
> >
> > What are your thoughts? Would you have left the shop as staging or emptied
> > the room like the realtor suggested? I know we are biased, so maybe we aren't
> > the right people to ask. ;-) If staging bedrooms and kitchens is all the
> > rage these days, why not stage a shop?
>
> The rule is empty because it looks bigger and the buyer imagines all his or her stuff in there.

That's not the "rule" we're following as we get my dad's house ready to show.

The realtor has a "stager" on staff that went through the house and told
us what to leave. Beds, a dresser, a small desk in a room that could be an
office, etc. They even have air mattresses, bed frames and other items that
they can set up if you can't leave your own stuff.

DAGS 'staging a house for showing'

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 8:56 PM

On Sat, 1 Apr 2017 15:24:28 -0500, -MIKE- <[email protected]>
wrote:

>On 4/1/17 9:26 AM, Michael wrote:
>> On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>> stuff has come out that shop.
>>>
>>> The rest of the basement is unfinished, basically one large room with the
>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>
>>> His realtor has told him that he should empty the shop before showing the
>>> house, so he has moved all of his equipment and material to storage until
>>> his new house is ready.
>>>
>>> What are your thoughts? Would you have left the shop as staging or emptied
>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>> rage these days, why not stage a shop?
>>
>> The rule is empty because it looks bigger and the buyer imagines all his or her stuff in there.
>>
>
>What he said.
>A room full of big power tools just makes the room look small.
Unless the room really IS big enough to be used effectively as a
shop.

Dt

DerbyDad03

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 7:35 AM

On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
> On 4/5/2017 10:35 PM, [email protected] wrote:
> Snip
>
>
> >
> > I'm sure glad I'm not buying or selling in the current market. We were
> > looking 2 years ago but I'll put in stair lifts and stay in the house
> > we have for a lot less than just the real estate comissions involved
> > in changing houses - and there are no decent bungalows available for
> > what we are likely to get for our 2 story - and I refuse to deal with
> > a mortgage in retirement.
> >
>
> What's a mortgage? ;~)

A method used to raise cash at a low interest rate so that it can be invested
at a higher rate of return.

Possibly risky and something that has to be managed carefully, yes, but a
strategy used by wealthy people (and businesses) quite often.

Lots of rich folks (and businesses) have mortgages that they could pay off
this afternoon if they wanted to.

k

in reply to DerbyDad03 on 06/04/2017 7:35 AM

08/04/2017 12:01 PM

On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
wrote:

>On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>Where is floods all the time.
>>
>>If you can't buy flood insurance you should take that as a warning.
>
>If you are in a flood zone A - C, your mortgage provider will require
>flood insurance, if you do not they will get it for you. The
>difference when we were on the edge of a C zone, from us buy and them
>providing was over $300 a year.

It's the same for fire insurance. We had a mortgage company that was
trying their best to force us to buy fire insurance from them (they
refused my company's documentation and were automatically billing us).
Their automatic charge was 5x the norm. That wasn't the only BS they
were pulling, either. Scum.

Ll

Leon

in reply to DerbyDad03 on 06/04/2017 7:35 AM

08/04/2017 12:20 PM

On 4/8/2017 11:01 AM, [email protected] wrote:
> On Sat, 08 Apr 2017 10:40:15 -0500, Markem <[email protected]>
> wrote:
>
>> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> Where is floods all the time.
>>>
>>> If you can't buy flood insurance you should take that as a warning.
>>
>> If you are in a flood zone A - C, your mortgage provider will require
>> flood insurance, if you do not they will get it for you. The
>> difference when we were on the edge of a C zone, from us buy and them
>> providing was over $300 a year.
>
> It's the same for fire insurance. We had a mortgage company that was
> trying their best to force us to buy fire insurance from them (they
> refused my company's documentation and were automatically billing us).
> Their automatic charge was 5x the norm. That wasn't the only BS they
> were pulling, either. Scum.
>


If you settle for letting the mortgage company buy insurance for you,
you get what you deserve. You can simply buy from whom you want and
cancel the higher policy, the mortgage company can not do anything about
that. They can how ever require you to have the insurance and will
insure that you do by increasing your escrow to pay for it.
If your insurance company provides proof the mortgage company has to
adjust your escrow

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 10:23 PM

On Sun, 2 Apr 2017 22:11:26 -0400, Keith Nuttle
<[email protected]> wrote:

>On 4/2/2017 9:56 PM, -MIKE- wrote:
>> On 4/2/17 7:43 PM, [email protected] wrote:
>>> On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]>
>>> wrote:
>>>
>>>> On 4/2/2017 7:08 PM, Markem wrote:
>>>>
>>>>>
>>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>>
>>>>> The pictures that kill me are when the house is stuffed to the
>>>>> gills, but the pics are that nice soft focus (blurry). You can
>>>>> tell the staged ones. My preference when looking at houses, empty
>>>>> my imagination can fill it.
>>>>>
>>>>> I doubt anyone has kept statistics that are valid as to which
>>>>> sell best though, the messy one though are probably last.
>>>>>
>>>>
>>>> Most people depends on the money from the sale of their house to
>>>> use as downpayment on the new one so they want to sell before
>>>> moving. If the house is empty, why? Overpriced? Problem with
>>>> structure?
>>> +1 -,or more
>>>
>>
>> Unfortunately, that shows a blatant disregard for recent home values and
>> trends in the market.
>> Our last house wasn't anything close to what you'd consider luxury or
>> high value, but we sold in 3 days and that was only because it took that
>> long for the bidding war to calm down. The home we bought was on the
>> market for several hours when we made our offer which was accepted
>> within a couple days only because it took that long for inspection. The
>> way the recent housing market is, homes are selling for tens of
>> thousands more than they were worth only a year ago and they are
>> selling, not in months, weeks, or day, but hours-- many much higher than
>> listing.
>>
>> People in many housing markets can well afford to empty and stage their
>> homes, move into a hotel for a week, store their belongings in PODS, and
>> make a profit that will make these expenses seems like peanuts.
>>
>>
>I think that whether a house sells and how fast depends on the area the
>house was located. You count not expect the same price and turn around
>in North Carolina, Florida, New York City, and Los Angeles.
>
>We have not been in the market for over 5 years, but watching the house
>around us it seems like it is taking between 3 and 6 months, and they
>are getting close to their asking price.

That's much more normal and healthy market.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 2:59 PM

On Thu, 6 Apr 2017 12:41:03 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/6/2017 11:57 AM, woodchucker wrote:
>Sniop
>
>
>
>> So what you are saying is people have no imagination and can only see it
>> for what it is.
>>
>> Years ago, homes were never staged, you went out and saw what people
>> had. You used your imagination. Figured out what you wanted it to look
>> like.
>>
>Yes, times have changed. My wife cannot picture a piece of furniture
>that I want to build until I draw it. I pretty much see the protect
>before I draw it.

"Seeing" a piece of furniture is not the same as *communicating" that
vision.

>It is surprising how many people can't picture something that is not there.

rr

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 12:08 PM

As others said, empty the shop. From your description it sounds like this =
house could have a finished basement. Many potential buyers would see the =
basement finished if it was empty for them to imagine. But if filled with =
shop equipment, and used for a specific purpose, its harder for them to ima=
gine all that gone and the room finished into living space. Unfinished bas=
ements are also storage space to many people. If empty, its easy to see it=
as storage space. Also consider that half the people looking at the house=
will be women. Assuming couples buy the house. By showing it as a shop f=
or a man, you are automatically causing half the people looking at the hous=
e to instantly be deprived of ever using that basement. When selling thing=
s its not good to make half the buyers happy, man shop, and half the buyers=
filled with rage and hate for the place, women who cannot ever use the spa=
ce.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 8:11 PM

On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/2/2017 7:08 PM, Markem wrote:
>
>>
>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>
>> The pictures that kill me are when the house is stuffed to the gills,
>> but the pics are that nice soft focus (blurry). You can tell the
>> staged ones. My preference when looking at houses, empty my
>> imagination can fill it.
>>
>> I doubt anyone has kept statistics that are valid as to which sell
>> best though, the messy one though are probably last.
>>
>
>Most people depends on the money from the sale of their house to use as
>downpayment on the new one so they want to sell before moving. If the
>house is empty, why? Overpriced? Problem with structure?

The people already moved? I'd expect that a lot of people who move,
are moving out of the area. There is usually a time line for such
life changes. In two of our three moves, the house was empty. The
third was a move into an apartment for a while (I was working a
short-term contract at the time) so left everything in the house
(including SWMBO) until it sold. The first was a "corporate move", so
there wasn't a worry about selling and the last was a more "normal'
move, though we owned both homes for some time (with a year leasing it
"after" the sale).

Ll

Leon

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 8:11 AM

On 4/5/2017 10:35 PM, [email protected] wrote:
Snip


>
> I'm sure glad I'm not buying or selling in the current market. We were
> looking 2 years ago but I'll put in stair lifts and stay in the house
> we have for a lot less than just the real estate comissions involved
> in changing houses - and there are no decent bungalows available for
> what we are likely to get for our 2 story - and I refuse to deal with
> a mortgage in retirement.
>

What's a mortgage? ;~)

k

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 11:58 AM

On Sat, 8 Apr 2017 10:37:29 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 10:26 AM, [email protected] wrote:
>> On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/7/2017 9:47 PM, [email protected] wrote:
>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>
>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>
>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>
>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>
>>>>>>>
>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>
>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>
>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>> flood insurance.
>>>>>>
>>>>>> Why did your builder care?
>>>>>
>>>>> The builder does not have to pay extra points for loan qualification.
>>>>
>>>> Why would the builder pay points on your loan?
>>>
>>> Ok, this is getting kind'a silly. Often a builder will pay points to
>>> lower the mortgage or to simply help with the expenses of the mortgage
>>> approval, this happened with our first home. Builders ALWAYS pay points
>>> to close the deal. If your builder did not you were had.
>>
>> That's absurd. I shop mortgages for myself. Why would I take their
>> financing?
>
>I don't know what you would do or what you might be thinking. And this
>would work with whom ever you chose to use for financing. There are
>costs involved with obtaining a home loan other than simply paying back
>the P&I.

Huh? None of the costs have anything to do with the builder (or
anyone else you may buy a house from). If the builder is buying down
the interest to make his house look more attractive, well, just do it
yourself. The point is that the builder is getting a wad of cash. He
doesn't care if it's coming from you or a bank. Any "discounts" for
cash are just come-ons.

>>> Anyway here is how our sale went. After negotiating and agreeing to the
>>> the price to build the home the salesman asked if we already had an
>>> approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>> get an extra $5K off of your negotiated price.
>>>
>>> If you need further details I suggest you visit DRHorton.com
>>
>> So the analogy is to take dealer financing on cars? In almost all
>> cases, that's silly.
>>
>
>I said nothing about taking anyone's financing. The builder wanted to
>know if I was preapproved. The discount he gave us was for not having
>to participate, to compete with the builder next door, with buying down
>percentage points, loan origination fees, appraisals for the loan, extra
>surveys for the loan, etc.

So he didn't give you anything (for purchasing with cash). He would
have given the same deal to anyone who walked in with financing.

Mm

Markem

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 10:40 AM

On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:

>Where is floods all the time.
>
>If you can't buy flood insurance you should take that as a warning.

If you are in a flood zone A - C, your mortgage provider will require
flood insurance, if you do not they will get it for you. The
difference when we were on the edge of a C zone, from us buy and them
providing was over $300 a year.

k

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 10:11 PM

On Sat, 08 Apr 2017 20:37:08 -0400, [email protected] wrote:

>On Sat, 08 Apr 2017 11:26:03 -0400, [email protected] wrote:
>
>>On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>>On 4/7/2017 9:47 PM, [email protected] wrote:
>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>
>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>
>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>
>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>
>>>>>>>
>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>
>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>
>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>> flood insurance.
>>>>>>
>>>>>> Why did your builder care?
>>>>>
>>>>> The builder does not have to pay extra points for loan qualification.
>>>>
>>>> Why would the builder pay points on your loan?
>>>
>>>Ok, this is getting kind'a silly. Often a builder will pay points to
>>>lower the mortgage or to simply help with the expenses of the mortgage
>>>approval, this happened with our first home. Builders ALWAYS pay points
>>>to close the deal. If your builder did not you were had.
>>
>>That's absurd. I shop mortgages for myself. Why would I take their
>>financing?
>>>
>>>Anyway here is how our sale went. After negotiating and agreeing to the
>>>the price to build the home the salesman asked if we already had an
>>>approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>>get an extra $5K off of your negotiated price.
>>>
>>>If you need further details I suggest you visit DRHorton.com
>>
>>So the analogy is to take dealer financing on cars? In almost all
>>cases, that's silly.
> It's far from silly when it is at 0% or 0.25%

Or you can take cash and finance at a CU for 1 - 1.5%. Your point
about 0% financing is a good one, though. I use it quite often.

k

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 11:27 AM

On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 8:34 AM, [email protected] wrote:
>> On Fri, 07 Apr 2017 23:54:27 -0400, [email protected] wrote:
>>
>>> On Fri, 07 Apr 2017 23:05:04 -0400, [email protected] wrote:
>>>
>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>
>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>
>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>
>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>
>>>>>>>
>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>
>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>
>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>> flood insurance.
>>>>>>
>>>>>> Why did your builder care?
>>>>>
>>>>> The builder does not have to pay extra points for loan qualification.
>>>>>
>>>>>
>>>>> Whether you have a mortgage or not, it's
>>>>>> all cash to him.
>>>>>
>>>>> More or less, builders pay a lot for certain additions of difficulty to
>>>>> get loans added in the mix.
>>>>
>>>> I can't parse the above sentence.
>>>>
>>>>> There is no mortgage insurance unless you have more
>>>>>> house than you can afford.
>>>>>
>>>>> Unless you finance 80% or more IIRC.
>>>>
>>>> What I said. ;-)
>>>>
>>>>> If you're in a flood plane, you're stupid
>>>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>>>
>>>>> I do not have fire insurance specifically, I have home owners insurance
>>>>> which covers most anything except flood.
>>>>
>>>> I'll bet it doesn't cover earthquakes (earth movement) either.
>>>>
>>>>> Every one is in a flood plane, some 500 year, 100 year, etc.
>>>>
>>>> Not true.
>>>>
>>>>> I am in
>>>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>>> precious home was in a cheap zone until it was rezoned, that can happen
>>>>> any time and if it happens and you still have a mortgage you may have to
>>>>> get flood insurance. If you don't the flood insurance the mortgage
>>>>> company will get it for you.
>>>>
>>>> So?
>>>>
>>>>> My precious home went from about $260 per year to $3600 for flood
>>>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>>>> payments would have gone up $300 per month.
>>>>>
>>>>> If you have a mortgage you may incur more liabilities than just the loan.
>>>>
>>>> So you're saying that you would go without flood insurance? So you're
>>>> self-insuring.
>>> There are lots of places where flood insurance is basically not
>>> available.
>>
>> Where would that be?
>
>Where is floods all the time.
>
>If you can't buy flood insurance you should take that as a warning.

The government subsidizes this insurance ALL THE TIME. Yes, it should
be a warning but beach view is *so* nice.

k

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 10:30 PM

On Sat, 8 Apr 2017 12:30:54 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/8/2017 11:21 AM, [email protected] wrote:
>Snip
>
>
>>>> I can't parse the above sentence.
>>>
>>> It is all cash to them, more cash or less cash. Builders pay a lot for
>>> certain things to help the buyer qualify or to compete with what the
>>> builder in the next door model home is offering.
>>
>> But those are all gimmicks that can be negotiated around. It's not
>> the cash sale that mattered. Again, if you came in with your own
>> financing, nothing would have changed. He would have given you the
>> same price. Money is money.
>>>
>>>
>>>
>>>>
>>>>> There is no mortgage insurance unless you have more
>>>>>> house than you can afford.
>>>>>
>>>>> Unless you finance 80% or more IIRC.
>>>>
>>>> What I said. ;-)
>>>
>>> I would say the the vast majority of new home buyers are paying as
>>> little down as possible. And a good majority of those people can easily
>>> afford the home they buy. An extreme example was my son, he bought our
>>> home and financed as much as he could. 3 years later he paid the loan
>>> off. We considered having a balloon loan on our current home to get
>>> very low interest in the first five years and simply paying if off in 2
>>> years, just to have a little more cush. We chose to not finance at all
>>> and tightened the purse strings for a couple of years.
>>
>> I don't think that's true at all. PMI is a *lot* of money and avoided
>> if at all possible. I only put 10% down on this house because I still
>> had my previous house (wife was still living in it) but as soon as
>> that sold. The PMI wasn't a big deal for a short time.
>
>Well what you think is not gospel.

"And a good majority of those people can easily afford the home they
buy."

If the majority could easily afford the homes they bought, we wouldn't
have had the mess in '08. Home affordability is even lower today.
>>>>
>>>>> If you're in a flood plane, you're stupid
>>>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>>>
>>>>> I do not have fire insurance specifically, I have home owners insurance
>>>>> which covers most anything except flood.
>>>>
>>>> I'll bet it doesn't cover earthquakes (earth movement) either.
>>>>
>>>>> Every one is in a flood plane, some 500 year, 100 year, etc.
>>>>
>>>> Not true.
>>>
>>> Every one is in a zone determined by FEMA.
>>
>> Pike's Peak? Get real. Well, I guess there was Noah...
>
>Explain that to FEMA.
>
>
>
>>>>
>>>>> I am in
>>>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>>> precious home was in a cheap zone until it was rezoned, that can happen
>>>>> any time and if it happens and you still have a mortgage you may have to
>>>>> get flood insurance. If you don't the flood insurance the mortgage
>>>>> company will get it for you.
>>>>
>>>> So?
>>>
>>> Just because I am not likely to be in a flood, it can happen. If your
>>> storm drains clog a heavy rain can flood your home. I witnessed this
>>> about 10 years ago. While I was "then" in a likely to flood area and
>>> did have flood insurance, we had a tornado go through the neighborhood
>>> followed by heavy rains for 2~3 hours. Rising water almost entered our
>>> garage and did enter homes at the end of the street. The was no high
>>> water our side of a few streets in our neighborhood. The drains were
>>> stopped up with debris and the rain came down faster than than the
>>> clogged drains could handle.
>>
>> Can happen, but it's highly dependant on surrounding terrain.Clare's
>> situation is pretty obvious. We just had 6" of rain in a couple of
>> hours (under tornado warnings). No problems. The only storm drains
>> around here take the water off the street and dump it into the woods
>> (streams) behind the houses.
>
>You said So, I explained.
>
>>
>>> So, that is why I buy flood insurance even though I am not ins a prone
>>> to flood area.
>>>
>>>
>>>>
>>>>> My precious home went from about $260 per year to $3600 for flood
>>>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>>>> payments would have gone up $300 per month.
>>>>>
>>>>> If you have a mortgage you may incur more liabilities than just the loan.
>>>>
>>>> So you're saying that you would go without flood insurance? So you're
>>>> self-insuring.
>>>
>>> NO I did not say that. I was locked in with the $260 that I had already
>>> paid, about 3 months later my agent and the flood insurance company
>>> tried to make me cancel the policy so that I would have to immediately
>>> pay more. They sent me a refund check which I sat on until the policy
>>> expired. I then cashed the check and changed agents and flood
>>> insurance companies. My new policy went up to about $700, after I
>>> provided an elevation survey, otherwise I would have had to pay way more.
>>
>> I'm confused.
>
>I know.
>
> What would a mortgage have to do with it?
>
>It? and there was no mention of a mortgage in the above paragraph.

We were discussing the difference between mortgages and cash (or at
least paid off). If there was a mortgage they could get their panties
in a twist but since not...
>
> You were
>> covered contractually.
>
>Not arguing that at all.
>
>
>
>
>
>

Ll

Leon

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 12:16 PM

On 4/8/2017 10:40 AM, Markem wrote:
> On Sat, 8 Apr 2017 09:57:35 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> Where is floods all the time.
>>
>> If you can't buy flood insurance you should take that as a warning.
>
> If you are in a flood zone A - C, your mortgage provider will require
> flood insurance, if you do not they will get it for you. The
> difference when we were on the edge of a C zone, from us buy and them
> providing was over $300 a year.
>

I think that is what I said, if you finance.

Ll

Leon

in reply to Leon on 06/04/2017 8:11 AM

08/04/2017 12:13 PM

On 4/8/2017 10:58 AM, [email protected] wrote:
> On Sat, 8 Apr 2017 10:37:29 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/8/2017 10:26 AM, [email protected] wrote:
>>> On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/7/2017 9:47 PM, [email protected] wrote:
>>>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>>>
>>>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>>>
>>>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>>>> this afternoon if they wanted to.
>>>>>>>>>
>>>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>>>
>>>>>>>>
>>>>>>>> To keep from having to make a money transfer or write another check.
>>>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>>>> at all it is costing you money to keep the mortgage.
>>>>>>>
>>>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>>>> cost of money is so low, it doesn't matter.
>>>>>>>>
>>>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>>>> flood insurance.
>>>>>>>
>>>>>>> Why did your builder care?
>>>>>>
>>>>>> The builder does not have to pay extra points for loan qualification.
>>>>>
>>>>> Why would the builder pay points on your loan?
>>>>
>>>> Ok, this is getting kind'a silly. Often a builder will pay points to
>>>> lower the mortgage or to simply help with the expenses of the mortgage
>>>> approval, this happened with our first home. Builders ALWAYS pay points
>>>> to close the deal. If your builder did not you were had.
>>>
>>> That's absurd. I shop mortgages for myself. Why would I take their
>>> financing?
>>
>> I don't know what you would do or what you might be thinking. And this
>> would work with whom ever you chose to use for financing. There are
>> costs involved with obtaining a home loan other than simply paying back
>> the P&I.
>
> Huh? None of the costs have anything to do with the builder (or
> anyone else you may buy a house from). If the builder is buying down
> the interest to make his house look more attractive, well, just do it
> yourself. The point is that the builder is getting a wad of cash. He
> doesn't care if it's coming from you or a bank. Any "discounts" for
> cash are just come-ons.
>
>>>> Anyway here is how our sale went. After negotiating and agreeing to the
>>>> the price to build the home the salesman asked if we already had an
>>>> approved loan. I said that we intended to pay cash. Well Mr. Leon you
>>>> get an extra $5K off of your negotiated price.
>>>>
>>>> If you need further details I suggest you visit DRHorton.com
>>>
>>> So the analogy is to take dealer financing on cars? In almost all
>>> cases, that's silly.
>>>
>>
>> I said nothing about taking anyone's financing. The builder wanted to
>> know if I was preapproved. The discount he gave us was for not having
>> to participate, to compete with the builder next door, with buying down
>> percentage points, loan origination fees, appraisals for the loan, extra
>> surveys for the loan, etc.
>
> So he didn't give you anything (for purchasing with cash). He would
> have given the same deal to anyone who walked in with financing.
>


What I said above. We got an additional $5K discount after the
negotiated price for paying cash.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 7:56 PM

On Sun, 2 Apr 2017 08:43:09 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/2/2017 12:44 AM, [email protected] wrote:
>
>
>>
>> On TV I have seen women play
>> football. Tackle football. In bikinis! Yeah. But I have yet to
>> meet any women who play football. Men, usually young, will play
>> football with each other. Have not seen any women playing football.
>> Except on TV. In bikinis! I'm just guessing the bikinis are
>> important.
>>
>
>Do you think football would be more popular if the NFL adopted the
>bikini as the uniform?

They could make a fortune selling ads for eye bleach.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 3:51 PM

On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:

>On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
><[email protected]> wrote:
>
>>On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>DerbyDad03 <[email protected]> wrote:
>>
>>> So much for letting potential buyers use their imagination as to what
>>> the room could be used for. ;-)
>>
>>the point of removing furnishings is to make the space look and feel
>>bigger
>
>There is a limit to that. There should be enough in a room to make it
>look useful but not enough to make it junky. A lot of people can't
>"see" their bed in an empty room. OTOH, if there is a queen bed in
>the room, it's a lot easier to imagine your king in the same room.
>There is a reason people pay big money to stage homes.
Total waste of money in this local market where there are multiple
bids on virtually every listing, and they usually sell way over listed
price - with no conditions, and often sight unseen. Crazy I know, but
that's the market in the Greater Golden Horseshoe.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 11:02 PM

On Thu, 27 Apr 2017 22:39:54 -0400, [email protected] wrote:

>On Thu, 27 Apr 2017 22:31:39 -0400, [email protected] wrote:
>
>>On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:
>>
>>>On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>>>
>>>>On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>>>
>>>>>On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>>>><[email protected]> wrote:
>>>>>
>>>>>>On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>>>DerbyDad03 <[email protected]> wrote:
>>>>>>
>>>>>>> So much for letting potential buyers use their imagination as to what
>>>>>>> the room could be used for. ;-)
>>>>>>
>>>>>>the point of removing furnishings is to make the space look and feel
>>>>>>bigger
>>>>>
>>>>>There is a limit to that. There should be enough in a room to make it
>>>>>look useful but not enough to make it junky. A lot of people can't
>>>>>"see" their bed in an empty room. OTOH, if there is a queen bed in
>>>>>the room, it's a lot easier to imagine your king in the same room.
>>>>>There is a reason people pay big money to stage homes.
>>>> Total waste of money in this local market where there are multiple
>>>>bids on virtually every listing, and they usually sell way over listed
>>>>price - with no conditions, and often sight unseen. Crazy I know, but
>>>>that's the market in the Greater Golden Horseshoe.
>>>
>>>Probably but it makes the point that you shouldn't totally empty
>>>rooms. De-junkify, absolutely. Remove everything? Not necessarily.
>> In a "normal" market you want the house look like it's liveable. A
>>bit of furniture gives it some "scale". I think an empty house is a
>>harder sell - in a normal market. If nothing else it detracts from
>>some of the normal "wear and tear"
>
>Exactly. That's the point I've been making but even in a hot market
>it may matter but it's unlikely to be worth hiring decoy furniture.

In a red hot market where people are bidding sight unseen, it's a
total waste

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 9:04 PM

On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:

>On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>
>>On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>><[email protected]> wrote:
>>
>>>On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>DerbyDad03 <[email protected]> wrote:
>>>
>>>> So much for letting potential buyers use their imagination as to what
>>>> the room could be used for. ;-)
>>>
>>>the point of removing furnishings is to make the space look and feel
>>>bigger
>>
>>There is a limit to that. There should be enough in a room to make it
>>look useful but not enough to make it junky. A lot of people can't
>>"see" their bed in an empty room. OTOH, if there is a queen bed in
>>the room, it's a lot easier to imagine your king in the same room.
>>There is a reason people pay big money to stage homes.
> Total waste of money in this local market where there are multiple
>bids on virtually every listing, and they usually sell way over listed
>price - with no conditions, and often sight unseen. Crazy I know, but
>that's the market in the Greater Golden Horseshoe.

Probably but it makes the point that you shouldn't totally empty
rooms. De-junkify, absolutely. Remove everything? Not necessarily.

Ll

Leon

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 12:41 PM

On 4/6/2017 11:57 AM, woodchucker wrote:
Sniop



> So what you are saying is people have no imagination and can only see it
> for what it is.
>
> Years ago, homes were never staged, you went out and saw what people
> had. You used your imagination. Figured out what you wanted it to look
> like.
>
Yes, times have changed. My wife cannot picture a piece of furniture
that I want to build until I draw it. I pretty much see the protect
before I draw it.

It is surprising how many people can't picture something that is not there.

Mm

Michael

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:45 PM

On Saturday, April 1, 2017 at 7:54:51 PM UTC-5, [email protected] wrote:
> On Sat, 1 Apr 2017 12:08:08 -0700 (PDT), "[email protected]"
> <[email protected]> wrote:
>=20
> >As others said, empty the shop. From your description it sounds like th=
is house could have a finished basement. Many potential buyers would see t=
he basement finished if it was empty for them to imagine. But if filled wi=
th shop equipment, and used for a specific purpose, its harder for them to =
imagine all that gone and the room finished into living space. Unfinished =
basements are also storage space to many people. If empty, its easy to see=
it as storage space. Also consider that half the people looking at the ho=
use will be women. Assuming couples buy the house. By showing it as a sho=
p for a man, you are automatically causing half the people looking at the h=
ouse to instantly be deprived of ever using that basement. When selling th=
ings its not good to make half the buyers happy, man shop, and half the buy=
ers filled with rage and hate for the place, women who cannot ever use the =
space.
> Myn kid sister would KILL for a shop she could use year round,
> without having to leave the house.

A lot of us would.

wn

woodchucker

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 1:47 PM

On 4/27/2017 12:09 PM, Electric Comet wrote:
> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
> DerbyDad03 <[email protected]> wrote:
>
>> So much for letting potential buyers use their imagination as to what
>> the room could be used for. ;-)
>
> the point of removing furnishings is to make the space look and feel
> bigger
>
>
>
>
>
>
>
>
>
>
>
It's all BULL SHIT window dressing for idiots

--
Jeff

wn

woodchucker

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 1:46 PM

On 4/26/2017 11:20 PM, DerbyDad03 wrote:
> On Saturday, April 1, 2017 at 10:20:31 AM UTC-4, DerbyDad03 wrote:
>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> The shop is at ground level, with a door to the back yard. Some pretty nice
>> stuff has come out that shop.
>>
>> The rest of the basement is unfinished, basically one large room with the
>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> there's a shower stall bathroom in the corner. The basement can be accessed
>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>
>> His realtor has told him that he should empty the shop before showing the
>> house, so he has moved all of his equipment and material to storage until
>> his new house is ready.
>>
>> What are your thoughts? Would you have left the shop as staging or emptied
>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> rage these days, why not stage a shop?
>
> So, at the suggestion of his realtor, my neighbor emptied his woodworking
> shop. He left a large rolling toolbox, a wet-dry vac, some boxes and paint
> cans and other assorted odds and ends.
>
> The only pictures of the basement are of the room that used to be his shop.
> The main basement, with the washer, dryer, furnace, water heater, etc. is
> not included in the listing pictures.
>
> https://photos.zillowstatic.com/p_f/ISyjhe5auhptam1000000000.jpg
> https://photos.zillowstatic.com/p_f/ISmmvt0egzy6rl1000000000.jpg
>
> The listing includes the words:
>
> WALKOUT BSMNT FEATURES GLASS BLK WNDWS, FBA, & LARGE SHOP W/LOTS OF ELECT!
>
> So much for letting potential buyers use their imagination as to what the
> room could be used for. ;-)
>

yep, but it looks big... ... stupid stuff all this window dressing.
when will people stop falling for it.. People have lives. they live.
Apparently no one has an imagination anymore.



--
Jeff

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 10:39 PM

On Thu, 27 Apr 2017 22:31:39 -0400, [email protected] wrote:

>On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:
>
>>On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>>
>>>On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>>
>>>>On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>>><[email protected]> wrote:
>>>>
>>>>>On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>>DerbyDad03 <[email protected]> wrote:
>>>>>
>>>>>> So much for letting potential buyers use their imagination as to what
>>>>>> the room could be used for. ;-)
>>>>>
>>>>>the point of removing furnishings is to make the space look and feel
>>>>>bigger
>>>>
>>>>There is a limit to that. There should be enough in a room to make it
>>>>look useful but not enough to make it junky. A lot of people can't
>>>>"see" their bed in an empty room. OTOH, if there is a queen bed in
>>>>the room, it's a lot easier to imagine your king in the same room.
>>>>There is a reason people pay big money to stage homes.
>>> Total waste of money in this local market where there are multiple
>>>bids on virtually every listing, and they usually sell way over listed
>>>price - with no conditions, and often sight unseen. Crazy I know, but
>>>that's the market in the Greater Golden Horseshoe.
>>
>>Probably but it makes the point that you shouldn't totally empty
>>rooms. De-junkify, absolutely. Remove everything? Not necessarily.
> In a "normal" market you want the house look like it's liveable. A
>bit of furniture gives it some "scale". I think an empty house is a
>harder sell - in a normal market. If nothing else it detracts from
>some of the normal "wear and tear"

Exactly. That's the point I've been making but even in a hot market
it may matter but it's unlikely to be worth hiring decoy furniture.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

05/04/2017 10:48 PM

On Wed, 05 Apr 2017 20:41:23 -0400, [email protected] wrote:

>On Wed, 05 Apr 2017 13:39:32 -0400, [email protected] wrote:
>
>>On Tue, 04 Apr 2017 22:09:53 -0400, [email protected] wrote:
>>
>>>On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
>>><[email protected]> wrote:
>>>
>>>>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>>>>DerbyDad03 <[email protected]> wrote:
>>>>
>>>>> Just because were paying them doesn't make them right 100% of the
>>>>> time.
>>>>
>>>>certainly you mean overpaying them
>>>
>>>You mean they're stealing money from you? Are they forcing you to use
>>>their services?
>> Pretty close. Not saying they are stealing money, but in many cases
>>they are not providing the service you are paying for. Worse yet for
>>home inspectors than realtors.
>
>You chose to hire them and agreed to the terms. They don't get paid
>if you aren't successful in selling your home. How is that being
>"overpaid"?
>
>My selling agents have been worth every dime I paid them. We had a
>loser buyer's agent but she didn't get paid a dime either. Her
>replacement got paid the buying side of the commission for a few hours
>work (she was willing _to_ work).



You need to vet your agent, whether buying or selling. In a hot market
any agent can sell your house and get you a good price. In a slow
market just about any agent can get you a suitable house.. Whether
they have fully represented you, and provided you all the information
they should have when buying, or given all the information to the
buyer they should have, is another question.
Getting you into or out of a house isn't the whole job.

c

in reply to [email protected] on 05/04/2017 10:48 PM

07/04/2017 11:53 PM

On Fri, 07 Apr 2017 23:05:04 -0400, [email protected] wrote:

>On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/6/2017 7:43 PM, [email protected] wrote:
>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>
>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>> this afternoon if they wanted to.
>>>>>
>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>
>>>>
>>>> To keep from having to make a money transfer or write another check.
>>>> Even automatic transfers can screw up. And if you are paying interest
>>>> at all it is costing you money to keep the mortgage.
>>>
>>> Sure, my payment to the power company can screw up, too. So what? The
>>> cost of money is so low, it doesn't matter.
>>>>
>>>> Our builder knocked an additional $5K off the price of our house for
>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>> flood insurance.
>>>
>>> Why did your builder care?
>>
>>The builder does not have to pay extra points for loan qualification.
>>
>>
>>Whether you have a mortgage or not, it's
>>> all cash to him.
>>
>>More or less, builders pay a lot for certain additions of difficulty to
>>get loans added in the mix.
>
>I can't parse the above sentence.
>
>> There is no mortgage insurance unless you have more
>>> house than you can afford.
>>
>>Unless you finance 80% or more IIRC.
>
>What I said. ;-)
>
>>If you're in a flood plane, you're stupid
>>> if you don't have flood insurance. Don't you have fire insurance?
>>
>>I do not have fire insurance specifically, I have home owners insurance
>>which covers most anything except flood.
>
>I'll bet it doesn't cover earthquakes (earth movement) either.
>
>>Every one is in a flood plane, some 500 year, 100 year, etc.
>
>Not true.
>
>>I am in
>>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>precious home was in a cheap zone until it was rezoned, that can happen
>>any time and if it happens and you still have a mortgage you may have to
>>get flood insurance. If you don't the flood insurance the mortgage
>>company will get it for you.
>
>So?
>
>>My precious home went from about $260 per year to $3600 for flood
>>insurance. That was just after Katrina. Had I still had a mortgage my
>>payments would have gone up $300 per month.
>>
>>If you have a mortgage you may incur more liabilities than just the loan.
>
>So you're saying that you would go without flood insurance? So you're
>self-insuring.
If I lived in West Montrose or Bridgeport I'd have flood insurance
(many houses less than 15 feet above the river) Up here in North
Waterloo paying extra for flood insurance wouldn't make a lot of
sense, sitting on the top of the hill over 100 ft above the river with
several thousand acres significantly lower. Now if lightning required
extra coverage, THAT might make sense. Even wind damage. We do get the
odd twister., being just off the edge of Ontario's Tornado Alley, and
some pretty vicious ice and wind storms every 5 years or so.

It makes sense to pay a bit more for "broad form" coverage instead of
"named perils". "Comprehensive" covers more on contents etc, and sewer
backup isn't covered on either broad form or comprehensive from most
companies, but so far is not a terribly expensive add-on. This may
change as the losses climb.

I'm about 400 miles (over 300 anyway) from the Charlevois fault that
runs from montreal through ottawa to temiskaming., which is the only
known active fault in the east., so earthquake insurance isn't common,
or terribly expensive.

Ll

Leon

in reply to [email protected] on 05/04/2017 10:48 PM

08/04/2017 10:01 AM

On 4/7/2017 8:27 PM, OFWW wrote:
> On Fri, 07 Apr 2017 20:41:31 -0400, [email protected] wrote:
>
>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>
>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>> this afternoon if they wanted to.
>>>>>>
>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>
>>>>>
>>>>> To keep from having to make a money transfer or write another check.
>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>> at all it is costing you money to keep the mortgage.
>>>>
>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>> cost of money is so low, it doesn't matter.
>>>>>
>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>> flood insurance.
>>>>
>>>> Why did your builder care?
>>>
>>> The builder does not have to pay extra points for loan qualification.
>>>
>>>
>>> Whether you have a mortgage or not, it's
>>>> all cash to him.
>>>
>>> More or less, builders pay a lot for certain additions of difficulty to
>>> get loans added in the mix.
>>>
>>> There is no mortgage insurance unless you have more
>>>> house than you can afford.
>>>
>>> Unless you finance 80% or more IIRC.
>>>
>>>
>>>
>>> If you're in a flood plane, you're stupid
>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>
>>> I do not have fire insurance specifically, I have home owners insurance
>>> which covers most anything except flood.
>>>
>>> Every one is in a flood plane, some 500 year, 100 year, etc. I am in
>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>> precious home was in a cheap zone until it was rezoned, that can happen
>>> any time and if it happens and you still have a mortgage you may have to
>>> get flood insurance. If you don't the flood insurance the mortgage
>>> company will get it for you.
>>>
>>> My precious home went from about $260 per year to $3600 for flood
>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>> payments would have gone up $300 per month.
>>>
>>> If you have a mortgage you may incur more liabilities than just the loan.
>>>
>>>
>> I'm over 100 feet higher than the Grand River and Laurel Creek at just
>> about the highest point in the whole neighborhood. It would be a more
>> than 1 in 500 year event to flood overland,
>>>
>
> You would be surprised how they figure ground water damage. I'm going
> through that right now. House is 3.5 to 4 feet above everything, with
> no water barriers like concrete to stop the water from draining off.
> They still wanted to call it ground water damage instead of Heavy rain
> storms twice in the same month with heavy winds driving it into a hole
> and some cracks between the flashing and stucco. All 6" above the
> ground.
>

Typically in the Houston area, which floods on a regular basis, if the
damage to the walls is from the floor up, it is rising water and
flooded. If the damage is from the ceiling down, it is not rising water
and or flooded.

c

in reply to [email protected] on 05/04/2017 10:48 PM

07/04/2017 11:54 PM

On Fri, 07 Apr 2017 23:05:04 -0400, [email protected] wrote:

>On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/6/2017 7:43 PM, [email protected] wrote:
>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>
>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>> this afternoon if they wanted to.
>>>>>
>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>
>>>>
>>>> To keep from having to make a money transfer or write another check.
>>>> Even automatic transfers can screw up. And if you are paying interest
>>>> at all it is costing you money to keep the mortgage.
>>>
>>> Sure, my payment to the power company can screw up, too. So what? The
>>> cost of money is so low, it doesn't matter.
>>>>
>>>> Our builder knocked an additional $5K off the price of our house for
>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>> flood insurance.
>>>
>>> Why did your builder care?
>>
>>The builder does not have to pay extra points for loan qualification.
>>
>>
>>Whether you have a mortgage or not, it's
>>> all cash to him.
>>
>>More or less, builders pay a lot for certain additions of difficulty to
>>get loans added in the mix.
>
>I can't parse the above sentence.
>
>> There is no mortgage insurance unless you have more
>>> house than you can afford.
>>
>>Unless you finance 80% or more IIRC.
>
>What I said. ;-)
>
>>If you're in a flood plane, you're stupid
>>> if you don't have flood insurance. Don't you have fire insurance?
>>
>>I do not have fire insurance specifically, I have home owners insurance
>>which covers most anything except flood.
>
>I'll bet it doesn't cover earthquakes (earth movement) either.
>
>>Every one is in a flood plane, some 500 year, 100 year, etc.
>
>Not true.
>
>>I am in
>>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>precious home was in a cheap zone until it was rezoned, that can happen
>>any time and if it happens and you still have a mortgage you may have to
>>get flood insurance. If you don't the flood insurance the mortgage
>>company will get it for you.
>
>So?
>
>>My precious home went from about $260 per year to $3600 for flood
>>insurance. That was just after Katrina. Had I still had a mortgage my
>>payments would have gone up $300 per month.
>>
>>If you have a mortgage you may incur more liabilities than just the loan.
>
>So you're saying that you would go without flood insurance? So you're
>self-insuring.
There are lots of places where flood insurance is basically not
available.

Oo

OFWW

in reply to [email protected] on 05/04/2017 10:48 PM

07/04/2017 6:27 PM

On Fri, 07 Apr 2017 20:41:31 -0400, [email protected] wrote:

>On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>>On 4/6/2017 7:43 PM, [email protected] wrote:
>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>
>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>> this afternoon if they wanted to.
>>>>>
>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>
>>>>
>>>> To keep from having to make a money transfer or write another check.
>>>> Even automatic transfers can screw up. And if you are paying interest
>>>> at all it is costing you money to keep the mortgage.
>>>
>>> Sure, my payment to the power company can screw up, too. So what? The
>>> cost of money is so low, it doesn't matter.
>>>>
>>>> Our builder knocked an additional $5K off the price of our house for
>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>> flood insurance.
>>>
>>> Why did your builder care?
>>
>>The builder does not have to pay extra points for loan qualification.
>>
>>
>>Whether you have a mortgage or not, it's
>>> all cash to him.
>>
>>More or less, builders pay a lot for certain additions of difficulty to
>>get loans added in the mix.
>>
>> There is no mortgage insurance unless you have more
>>> house than you can afford.
>>
>>Unless you finance 80% or more IIRC.
>>
>>
>>
>>If you're in a flood plane, you're stupid
>>> if you don't have flood insurance. Don't you have fire insurance?
>>
>>I do not have fire insurance specifically, I have home owners insurance
>>which covers most anything except flood.
>>
>>Every one is in a flood plane, some 500 year, 100 year, etc. I am in
>>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>precious home was in a cheap zone until it was rezoned, that can happen
>>any time and if it happens and you still have a mortgage you may have to
>>get flood insurance. If you don't the flood insurance the mortgage
>>company will get it for you.
>>
>>My precious home went from about $260 per year to $3600 for flood
>>insurance. That was just after Katrina. Had I still had a mortgage my
>>payments would have gone up $300 per month.
>>
>>If you have a mortgage you may incur more liabilities than just the loan.
>>
>>
>I'm over 100 feet higher than the Grand River and Laurel Creek at just
>about the highest point in the whole neighborhood. It would be a more
>than 1 in 500 year event to flood overland,
>>

You would be surprised how they figure ground water damage. I'm going
through that right now. House is 3.5 to 4 feet above everything, with
no water barriers like concrete to stop the water from draining off.
They still wanted to call it ground water damage instead of Heavy rain
storms twice in the same month with heavy winds driving it into a hole
and some cracks between the flashing and stucco. All 6" above the
ground.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 2:03 PM

On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
<[email protected]> wrote:

>On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>DerbyDad03 <[email protected]> wrote:
>
>> So much for letting potential buyers use their imagination as to what
>> the room could be used for. ;-)
>
>the point of removing furnishings is to make the space look and feel
>bigger

There is a limit to that. There should be enough in a room to make it
look useful but not enough to make it junky. A lot of people can't
"see" their bed in an empty room. OTOH, if there is a queen bed in
the room, it's a lot easier to imagine your king in the same room.
There is a reason people pay big money to stage homes.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 9:54 PM

On Sun, 02 Apr 2017 20:11:54 -0400, [email protected] wrote:

>On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:
>
>>On 4/2/2017 7:08 PM, Markem wrote:
>>
>>>
>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>
>>> The pictures that kill me are when the house is stuffed to the gills,
>>> but the pics are that nice soft focus (blurry). You can tell the
>>> staged ones. My preference when looking at houses, empty my
>>> imagination can fill it.
>>>
>>> I doubt anyone has kept statistics that are valid as to which sell
>>> best though, the messy one though are probably last.
>>>
>>
>>Most people depends on the money from the sale of their house to use as
>>downpayment on the new one so they want to sell before moving. If the
>>house is empty, why? Overpriced? Problem with structure?
>
>The people already moved? I'd expect that a lot of people who move,
>are moving out of the area. There is usually a time line for such
>life changes. In two of our three moves, the house was empty. The
>third was a move into an apartment for a while (I was working a
>short-term contract at the time) so left everything in the house
>(including SWMBO) until it sold. The first was a "corporate move", so
>there wasn't a worry about selling and the last was a more "normal'
>move, though we owned both homes for some time (with a year leasing it
>"after" the sale).
That may happen in some markets - but right now, around here, if a
house doesn't sell in a week it is either in bad - and I mean REAL bad
shape, or VERY over-priced - or both.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:18 PM

On Sat, 1 Apr 2017 15:19:03 -0400, "G. Ross" <[email protected]>
wrote:

>[email protected] wrote:
>> On Sat, 1 Apr 2017 09:28:14 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>>On 4/1/2017 9:20 AM, DerbyDad03 wrote:
>>>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>>>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>>>> The shop is at ground level, with a door to the back yard. Some pretty nice
>>>> stuff has come out that shop.
>>>>
>>>> The rest of the basement is unfinished, basically one large room with the
>>>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>>>> there's a shower stall bathroom in the corner. The basement can be accessed
>>>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>>>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>>>
>>>> His realtor has told him that he should empty the shop before showing the
>>>> house, so he has moved all of his equipment and material to storage until
>>>> his new house is ready.
>>>>
>>>> What are your thoughts? Would you have left the shop as staging or emptied
>>>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>>>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>>>> rage these days, why not stage a shop?
>>>>
>>>
>>>If you have a place to move the equipment to, move it out. As hard as
>>>this is to believe, not every man is a "He-man" and he may not, if he
>>>even has any say in the matter, care to see wood working equipment. ;~)
>>
>> Even though some may not be "He-men" (do you know any?-), most see
>> themselves that way. Even though they may not be avid woodworkers
>> most would like some sort of place to get away. Home maintenance does
>> take some space, too.
>>
>>>An empty room just looks bigger and uncluttered, that is what the
>>>realtor and perspective buyers want to see for a storage area.
>>>Basically the area is not only intended to be a shop and a perspective
>>>buyer may see it as only a room intended to be a shop if it is filled
>>>with equipment. If the room is empty the buyer can see it as any thing
>>>he or she wants it to be.
>>
>> Filled, no. Used, yes. People really do want to see "lived-in"
>> spaces. There is a whole home "staging" industry for a reason.
>>
>My son just sold his house. They were advised to move out completely
>and clean it up, of course. It sold in less than 24 hours.

Obviously, his price was too low. ;-)

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

05/04/2017 1:39 PM

On Tue, 04 Apr 2017 22:09:53 -0400, [email protected] wrote:

>On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
><[email protected]> wrote:
>
>>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>>DerbyDad03 <[email protected]> wrote:
>>
>>> Just because were paying them doesn't make them right 100% of the
>>> time.
>>
>>certainly you mean overpaying them
>
>You mean they're stealing money from you? Are they forcing you to use
>their services?
Pretty close. Not saying they are stealing money, but in many cases
they are not providing the service you are paying for. Worse yet for
home inspectors than realtors.

k

in reply to [email protected] on 05/04/2017 1:39 PM

06/04/2017 8:47 PM

On Thu, 6 Apr 2017 14:23:58 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Thursday, April 6, 2017 at 4:42:11 PM UTC-4, Leon wrote:
>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>
>> >> Lots of rich folks (and businesses) have mortgages that they could pay off
>> >> this afternoon if they wanted to.
>> >
>> > Oh, hell, I could have done that some time back but why bother?
>>
>>
>> To keep from having to make a money transfer or write another check.
>> Even automatic transfers can screw up. And if you are paying interest
>> at all it is costing you money to keep the mortgage.
>>
>> Our builder knocked an additional $5K off the price of our house for
>> paying cash plus no extra expense for mortgage insurance, or mandatory
>> flood insurance.
>
>OK...I misunderstood your response. When I said that some people could
>pay off their mortgage any time they wanted, you said "Oh, hell, I could
>have done that some time back". I thought you were saying that you could
>have paid off your mortgage early but didn't want to bother.

I said that. You're up Leon and me up. By "some time", I don't mean
30 years back, I mean a year or two. At that point it doesn't matter.
The payment is almost all principal by that time.

>Now I understand that you never had a mortgage in the first place. Different
>situation.

We've bought the house five years ago and had a small mortgage then.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 3:05 PM

On Wed, 05 Apr 2017 23:35:49 -0400, [email protected] wrote:

>On Wed, 05 Apr 2017 22:53:48 -0400, [email protected] wrote:
>
>>On Wed, 05 Apr 2017 22:48:14 -0400, [email protected] wrote:
>>
>>>On Wed, 05 Apr 2017 20:41:23 -0400, [email protected] wrote:
>>>
>>>>On Wed, 05 Apr 2017 13:39:32 -0400, [email protected] wrote:
>>>>
>>>>>On Tue, 04 Apr 2017 22:09:53 -0400, [email protected] wrote:
>>>>>
>>>>>>On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
>>>>>><[email protected]> wrote:
>>>>>>
>>>>>>>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>>>>>>>DerbyDad03 <[email protected]> wrote:
>>>>>>>
>>>>>>>> Just because were paying them doesn't make them right 100% of the
>>>>>>>> time.
>>>>>>>
>>>>>>>certainly you mean overpaying them
>>>>>>
>>>>>>You mean they're stealing money from you? Are they forcing you to use
>>>>>>their services?
>>>>> Pretty close. Not saying they are stealing money, but in many cases
>>>>>they are not providing the service you are paying for. Worse yet for
>>>>>home inspectors than realtors.
>>>>
>>>>You chose to hire them and agreed to the terms. They don't get paid
>>>>if you aren't successful in selling your home. How is that being
>>>>"overpaid"?
>>>>
>>>>My selling agents have been worth every dime I paid them. We had a
>>>>loser buyer's agent but she didn't get paid a dime either. Her
>>>>replacement got paid the buying side of the commission for a few hours
>>>>work (she was willing _to_ work).
>>>
>>>
>>>
>>>You need to vet your agent, whether buying or selling. In a hot market
>>>any agent can sell your house and get you a good price. In a slow
>>>market just about any agent can get you a suitable house.. Whether
>>>they have fully represented you, and provided you all the information
>>>they should have when buying, or given all the information to the
>>>buyer they should have, is another question.
>>>Getting you into or out of a house isn't the whole job.
>>
>>Sure, in a slow market the agent's biggest job is to find buyers but
>>the buyer isn't paying the agent. The fact is that the seller is
>>paying both ends of the deal. Since you, the buyer, aren't paying the
>>salary of the agent, he can't be over-priced. You don't seem to
>>understand that both agents are working for the seller, no matter what
>>they may say.
>You may not be paying the "buyer's agent" directly - but the agent is
>being paid, and it IS coming out of your pocket indirectly because the
>cost of selling the house is reflected in the price you pay when you
>buy the house. There is no "free lunch"

The *fact* is that the check is being cut by the seller. Both agents
ARE working for the seller. Never tell your agent something you
wouldn't want the buyer to know.

>If you manage to get a "double header" agent - the listing agent also
>being your "buyer's agent" it is doubly important that they know what
>they are doing -Or a triple header - listing and selling YOUR house,
>as well as being the listing agent on the house you buy and your
>"buyer's agent"

Indeed. That's a very dangerous thing to do but sometimes
unavoidable. I had this happen once, though I was on the selling side
so it didn't matter.

>When we bought our house (and sold our old house) the house we bought
>was listed by a different agent working for the same company. - but
>neither was the "buyer's agent" for the buyer of our old house.
>
>I'm sure glad I'm not buying or selling in the current market. We were
>looking 2 years ago but I'll put in stair lifts and stay in the house
>we have for a lot less than just the real estate comissions involved
>in changing houses - and there are no decent bungalows available for
>what we are likely to get for our 2 story - and I refuse to deal with
>a mortgage in retirement.

I hear you loud and clear. Our mortgage is paid off in a couple of
months. I'm not sure when I'm going to retire (might just as well
work if they're going to pay me for having fun) but when I do, I won't
have a mortgage (or any other debt).

Ll

Leon

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:28 AM

On 4/1/2017 9:20 AM, DerbyDad03 wrote:
> My neighbor is selling his house. He has a wood shop in his basement, maybe
> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
> The shop is at ground level, with a door to the back yard. Some pretty nice
> stuff has come out that shop.
>
> The rest of the basement is unfinished, basically one large room with the
> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
> there's a shower stall bathroom in the corner. The basement can be accessed
> by stairs from the kitchen or through the shop. They are 2 separate spaces.
> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>
> His realtor has told him that he should empty the shop before showing the
> house, so he has moved all of his equipment and material to storage until
> his new house is ready.
>
> What are your thoughts? Would you have left the shop as staging or emptied
> the room like the realtor suggested? I know we are biased, so maybe we aren't
> the right people to ask. ;-) If staging bedrooms and kitchens is all the
> rage these days, why not stage a shop?
>

If you have a place to move the equipment to, move it out. As hard as
this is to believe, not every man is a "He-man" and he may not, if he
even has any say in the matter, care to see wood working equipment. ;~)
An empty room just looks bigger and uncluttered, that is what the
realtor and perspective buyers want to see for a storage area.
Basically the area is not only intended to be a shop and a perspective
buyer may see it as only a room intended to be a shop if it is filled
with equipment. If the room is empty the buyer can see it as any thing
he or she wants it to be.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 8:54 PM

On Sat, 1 Apr 2017 12:08:08 -0700 (PDT), "[email protected]"
<[email protected]> wrote:

>As others said, empty the shop. From your description it sounds like this house could have a finished basement. Many potential buyers would see the basement finished if it was empty for them to imagine. But if filled with shop equipment, and used for a specific purpose, its harder for them to imagine all that gone and the room finished into living space. Unfinished basements are also storage space to many people. If empty, its easy to see it as storage space. Also consider that half the people looking at the house will be women. Assuming couples buy the house. By showing it as a shop for a man, you are automatically causing half the people looking at the house to instantly be deprived of ever using that basement. When selling things its not good to make half the buyers happy, man shop, and half the buyers filled with rage and hate for the place, women who cannot ever use the space.
Myn kid sister would KILL for a shop she could use year round,
without having to leave the house.

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 9:27 AM

On 4/6/2017 9:11 AM, Leon wrote:
> On 4/5/2017 10:35 PM, [email protected] wrote:
> Snip
>
>
>>
>> I'm sure glad I'm not buying or selling in the current market. We were
>> looking 2 years ago but I'll put in stair lifts and stay in the house
>> we have for a lot less than just the real estate comissions involved
>> in changing houses - and there are no decent bungalows available for
>> what we are likely to get for our 2 story - and I refuse to deal with
>> a mortgage in retirement.
>>
>
> What's a mortgage? ;~)

Slavery for young people

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

29/04/2017 9:44 AM

On Fri, 28 Apr 2017 22:36:31 -0500, -MIKE- <[email protected]>
wrote:

>On 4/28/17 7:23 PM, [email protected] wrote:
>> On Thu, 27 Apr 2017 22:35:19 -0500, -MIKE- <[email protected]>
>> wrote:
>>
>>> On 4/27/17 9:39 PM, [email protected] wrote:
>>>> On Thu, 27 Apr 2017 22:31:39 -0400, [email protected] wrote:
>>>>
>>>>> On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:
>>>>>
>>>>>> On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>>>>>>
>>>>>>> On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>>>>>>
>>>>>>>> On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>>>>>>> <[email protected]> wrote:
>>>>>>>>
>>>>>>>>> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>>>>>> DerbyDad03 <[email protected]> wrote:
>>>>>>>>>
>>>>>>>>>> So much for letting potential buyers use their imagination as to what
>>>>>>>>>> the room could be used for. ;-)
>>>>>>>>>
>>>>>>>>> the point of removing furnishings is to make the space look and feel
>>>>>>>>> bigger
>>>>>>>>
>>>>>>>> There is a limit to that. There should be enough in a room to make it
>>>>>>>> look useful but not enough to make it junky. A lot of people can't
>>>>>>>> "see" their bed in an empty room. OTOH, if there is a queen bed in
>>>>>>>> the room, it's a lot easier to imagine your king in the same room.
>>>>>>>> There is a reason people pay big money to stage homes.
>>>>>>> Total waste of money in this local market where there are multiple
>>>>>>> bids on virtually every listing, and they usually sell way over listed
>>>>>>> price - with no conditions, and often sight unseen. Crazy I know, but
>>>>>>> that's the market in the Greater Golden Horseshoe.
>>>>>>
>>>>>> Probably but it makes the point that you shouldn't totally empty
>>>>>> rooms. De-junkify, absolutely. Remove everything? Not necessarily.
>>>>> In a "normal" market you want the house look like it's liveable. A
>>>>> bit of furniture gives it some "scale". I think an empty house is a
>>>>> harder sell - in a normal market. If nothing else it detracts from
>>>>> some of the normal "wear and tear"
>>>>
>>>> Exactly. That's the point I've been making but even in a hot market
>>>> it may matter but it's unlikely to be worth hiring decoy furniture.
>>>>
>>>
>>> I love when so many "experts" show up on usenet to offer their ignorant
>>> opinions.
>>
>> Including yours?
>>
>>> The bottom line is a good realtor knows the trends in their area and
>>> adjusts/stages accordingly.
>>> It just so happens we are in the hottest sellers' market in 20 years.
>>> You could stage your house with dead horses and crime scene tape and
>>> you'd probably have a bidding war before it was officially on the market.
>>>
>>> But no, a bunch of retired woodworkers on a dead internet medium know
>>> more than people who are actually doing the job of selling real estate.
>>
>> Since you're retired, maybe you could take some time to take
>> rudimentary reading classes. I said nothing about how hot, or not,
>> any particular market is.
>>
>>> It's entertaining, at least.
>>
>> I'm so glad I could be of service.
>>
>
>With most of your posts, I get the feeling that you're an old curmudgeon
>who's only entertainment in life is to belittle people in this group.
>If if brings you joy, who am I to argue?

Exactly the opposite but I'm game any time you want to go there, which
seems to be a regular sport of yours.

>You go on being you and enjoy.

Back at ya'.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 9:26 PM

On Sat, 1 Apr 2017 16:07:30 -0400, woodchucker <[email protected]>
wrote:

>On 4/1/2017 10:20 AM, DerbyDad03 wrote:
>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> The shop is at ground level, with a door to the back yard. Some pretty nice
>> stuff has come out that shop.
>>
>> The rest of the basement is unfinished, basically one large room with the
>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> there's a shower stall bathroom in the corner. The basement can be accessed
>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>
>> His realtor has told him that he should empty the shop before showing the
>> house, so he has moved all of his equipment and material to storage until
>> his new house is ready.
>>
>> What are your thoughts? Would you have left the shop as staging or emptied
>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> rage these days, why not stage a shop?
>>
>
>I hate these empty your house to show it. The HGTV shows have created
>that mentality. Again where TV winds up becoming reality. I would have
>left it.

HGTV has, or at least did have, home staging shows.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

28/04/2017 8:23 PM

On Thu, 27 Apr 2017 22:35:19 -0500, -MIKE- <[email protected]>
wrote:

>On 4/27/17 9:39 PM, [email protected] wrote:
>> On Thu, 27 Apr 2017 22:31:39 -0400, [email protected] wrote:
>>
>>> On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:
>>>
>>>> On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>>>>
>>>>> On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>>>>
>>>>>> On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>>>>> <[email protected]> wrote:
>>>>>>
>>>>>>> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>>>> DerbyDad03 <[email protected]> wrote:
>>>>>>>
>>>>>>>> So much for letting potential buyers use their imagination as to what
>>>>>>>> the room could be used for. ;-)
>>>>>>>
>>>>>>> the point of removing furnishings is to make the space look and feel
>>>>>>> bigger
>>>>>>
>>>>>> There is a limit to that. There should be enough in a room to make it
>>>>>> look useful but not enough to make it junky. A lot of people can't
>>>>>> "see" their bed in an empty room. OTOH, if there is a queen bed in
>>>>>> the room, it's a lot easier to imagine your king in the same room.
>>>>>> There is a reason people pay big money to stage homes.
>>>>> Total waste of money in this local market where there are multiple
>>>>> bids on virtually every listing, and they usually sell way over listed
>>>>> price - with no conditions, and often sight unseen. Crazy I know, but
>>>>> that's the market in the Greater Golden Horseshoe.
>>>>
>>>> Probably but it makes the point that you shouldn't totally empty
>>>> rooms. De-junkify, absolutely. Remove everything? Not necessarily.
>>> In a "normal" market you want the house look like it's liveable. A
>>> bit of furniture gives it some "scale". I think an empty house is a
>>> harder sell - in a normal market. If nothing else it detracts from
>>> some of the normal "wear and tear"
>>
>> Exactly. That's the point I've been making but even in a hot market
>> it may matter but it's unlikely to be worth hiring decoy furniture.
>>
>
>I love when so many "experts" show up on usenet to offer their ignorant
>opinions.

Including yours?

>The bottom line is a good realtor knows the trends in their area and
>adjusts/stages accordingly.
>It just so happens we are in the hottest sellers' market in 20 years.
>You could stage your house with dead horses and crime scene tape and
>you'd probably have a bidding war before it was officially on the market.
>
>But no, a bunch of retired woodworkers on a dead internet medium know
>more than people who are actually doing the job of selling real estate.

Since you're retired, maybe you could take some time to take
rudimentary reading classes. I said nothing about how hot, or not,
any particular market is.

>It's entertaining, at least.

I'm so glad I could be of service.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

05/04/2017 10:53 PM

On Wed, 05 Apr 2017 22:48:14 -0400, [email protected] wrote:

>On Wed, 05 Apr 2017 20:41:23 -0400, [email protected] wrote:
>
>>On Wed, 05 Apr 2017 13:39:32 -0400, [email protected] wrote:
>>
>>>On Tue, 04 Apr 2017 22:09:53 -0400, [email protected] wrote:
>>>
>>>>On Tue, 4 Apr 2017 15:28:33 -0700, Electric Comet
>>>><[email protected]> wrote:
>>>>
>>>>>On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
>>>>>DerbyDad03 <[email protected]> wrote:
>>>>>
>>>>>> Just because were paying them doesn't make them right 100% of the
>>>>>> time.
>>>>>
>>>>>certainly you mean overpaying them
>>>>
>>>>You mean they're stealing money from you? Are they forcing you to use
>>>>their services?
>>> Pretty close. Not saying they are stealing money, but in many cases
>>>they are not providing the service you are paying for. Worse yet for
>>>home inspectors than realtors.
>>
>>You chose to hire them and agreed to the terms. They don't get paid
>>if you aren't successful in selling your home. How is that being
>>"overpaid"?
>>
>>My selling agents have been worth every dime I paid them. We had a
>>loser buyer's agent but she didn't get paid a dime either. Her
>>replacement got paid the buying side of the commission for a few hours
>>work (she was willing _to_ work).
>
>
>
>You need to vet your agent, whether buying or selling. In a hot market
>any agent can sell your house and get you a good price. In a slow
>market just about any agent can get you a suitable house.. Whether
>they have fully represented you, and provided you all the information
>they should have when buying, or given all the information to the
>buyer they should have, is another question.
>Getting you into or out of a house isn't the whole job.

Sure, in a slow market the agent's biggest job is to find buyers but
the buyer isn't paying the agent. The fact is that the seller is
paying both ends of the deal. Since you, the buyer, aren't paying the
salary of the agent, he can't be over-priced. You don't seem to
understand that both agents are working for the seller, no matter what
they may say.

Ll

Leon

in reply to [email protected] on 05/04/2017 10:53 PM

08/04/2017 10:37 AM

On 4/8/2017 10:26 AM, [email protected] wrote:
> On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/7/2017 9:47 PM, [email protected] wrote:
>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>
>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>> this afternoon if they wanted to.
>>>>>>>
>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>
>>>>>>
>>>>>> To keep from having to make a money transfer or write another check.
>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>> at all it is costing you money to keep the mortgage.
>>>>>
>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>> cost of money is so low, it doesn't matter.
>>>>>>
>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>> flood insurance.
>>>>>
>>>>> Why did your builder care?
>>>>
>>>> The builder does not have to pay extra points for loan qualification.
>>>
>>> Why would the builder pay points on your loan?
>>
>> Ok, this is getting kind'a silly. Often a builder will pay points to
>> lower the mortgage or to simply help with the expenses of the mortgage
>> approval, this happened with our first home. Builders ALWAYS pay points
>> to close the deal. If your builder did not you were had.
>
> That's absurd. I shop mortgages for myself. Why would I take their
> financing?

I don't know what you would do or what you might be thinking. And this
would work with whom ever you chose to use for financing. There are
costs involved with obtaining a home loan other than simply paying back
the P&I.

>>
>> Anyway here is how our sale went. After negotiating and agreeing to the
>> the price to build the home the salesman asked if we already had an
>> approved loan. I said that we intended to pay cash. Well Mr. Leon you
>> get an extra $5K off of your negotiated price.
>>
>> If you need further details I suggest you visit DRHorton.com
>
> So the analogy is to take dealer financing on cars? In almost all
> cases, that's silly.
>

I said nothing about taking anyone's financing. The builder wanted to
know if I was preapproved. The discount he gave us was for not having
to participate, to compete with the builder next door, with buying down
percentage points, loan origination fees, appraisals for the loan, extra
surveys for the loan, etc.

k

in reply to [email protected] on 05/04/2017 10:53 PM

08/04/2017 12:21 PM

On Sat, 8 Apr 2017 10:28:19 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/7/2017 10:05 PM, [email protected] wrote:
>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>
>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>> this afternoon if they wanted to.
>>>>>>
>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>
>>>>>
>>>>> To keep from having to make a money transfer or write another check.
>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>> at all it is costing you money to keep the mortgage.
>>>>
>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>> cost of money is so low, it doesn't matter.
>>>>>
>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>> flood insurance.
>>>>
>>>> Why did your builder care?
>>>
>>> The builder does not have to pay extra points for loan qualification.
>
>No they do not but many do, both builders that we have used had that
>offer on the table. We in fact have not heard of a builder that does
>not offer paying points. Competition among builders is helpful to the
>buyer. A builder not offering perks like this is like a new car dealer
>not selling a vehicle below sticker. Special circumstances can apply in
>both situations that might change that, but not often.
>
My point is that you were getting any special deal for cash. You were
getting the price that anyone with their own financing would have
gotten. Competition is great but gimmicks are just gimmicks.

Yes, there are special circumstances. Sometimes a dealer will kick in
his financing kick-back if you take his financing. You can always pay
it off a month later but in this case there is a benefit to financing,
not cash.

Dealerships not selling below sticker? Where on Earth is that? Buying
below _invoice_ isn't at all unheard of.

>
>>>
>>>
>>> Whether you have a mortgage or not, it's
>>>> all cash to him.
>>>
>>> More or less, builders pay a lot for certain additions of difficulty to
>>> get loans added in the mix.
>>
>> I can't parse the above sentence.
>
>It is all cash to them, more cash or less cash. Builders pay a lot for
>certain things to help the buyer qualify or to compete with what the
>builder in the next door model home is offering.

But those are all gimmicks that can be negotiated around. It's not
the cash sale that mattered. Again, if you came in with your own
financing, nothing would have changed. He would have given you the
same price. Money is money.
>
>
>
>>
>>> There is no mortgage insurance unless you have more
>>>> house than you can afford.
>>>
>>> Unless you finance 80% or more IIRC.
>>
>> What I said. ;-)
>
>I would say the the vast majority of new home buyers are paying as
>little down as possible. And a good majority of those people can easily
>afford the home they buy. An extreme example was my son, he bought our
>home and financed as much as he could. 3 years later he paid the loan
>off. We considered having a balloon loan on our current home to get
>very low interest in the first five years and simply paying if off in 2
>years, just to have a little more cush. We chose to not finance at all
>and tightened the purse strings for a couple of years.

I don't think that's true at all. PMI is a *lot* of money and avoided
if at all possible. I only put 10% down on this house because I still
had my previous house (wife was still living in it) but as soon as
that sold. The PMI wasn't a big deal for a short time.
>>
>>> If you're in a flood plane, you're stupid
>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>
>>> I do not have fire insurance specifically, I have home owners insurance
>>> which covers most anything except flood.
>>
>> I'll bet it doesn't cover earthquakes (earth movement) either.
>>
>>> Every one is in a flood plane, some 500 year, 100 year, etc.
>>
>> Not true.
>
>Every one is in a zone determined by FEMA.

Pike's Peak? Get real. Well, I guess there was Noah...
>>
>>> I am in
>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>> precious home was in a cheap zone until it was rezoned, that can happen
>>> any time and if it happens and you still have a mortgage you may have to
>>> get flood insurance. If you don't the flood insurance the mortgage
>>> company will get it for you.
>>
>> So?
>
>Just because I am not likely to be in a flood, it can happen. If your
>storm drains clog a heavy rain can flood your home. I witnessed this
>about 10 years ago. While I was "then" in a likely to flood area and
>did have flood insurance, we had a tornado go through the neighborhood
>followed by heavy rains for 2~3 hours. Rising water almost entered our
>garage and did enter homes at the end of the street. The was no high
>water our side of a few streets in our neighborhood. The drains were
>stopped up with debris and the rain came down faster than than the
>clogged drains could handle.

Can happen, but it's highly dependant on surrounding terrain. Clare's
situation is pretty obvious. We just had 6" of rain in a couple of
hours (under tornado warnings). No problems. The only storm drains
around here take the water off the street and dump it into the woods
(streams) behind the houses.

>So, that is why I buy flood insurance even though I am not ins a prone
>to flood area.
>
>
>>
>>> My precious home went from about $260 per year to $3600 for flood
>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>> payments would have gone up $300 per month.
>>>
>>> If you have a mortgage you may incur more liabilities than just the loan.
>>
>> So you're saying that you would go without flood insurance? So you're
>> self-insuring.
>
>NO I did not say that. I was locked in with the $260 that I had already
>paid, about 3 months later my agent and the flood insurance company
>tried to make me cancel the policy so that I would have to immediately
>pay more. They sent me a refund check which I sat on until the policy
>expired. I then cashed the check and changed agents and flood
>insurance companies. My new policy went up to about $700, after I
>provided an elevation survey, otherwise I would have had to pay way more.

I'm confused. What would a mortgage have to do with it? You were
covered contractually.

k

in reply to [email protected] on 05/04/2017 10:53 PM

08/04/2017 9:34 AM

On Fri, 07 Apr 2017 23:54:27 -0400, [email protected] wrote:

>On Fri, 07 Apr 2017 23:05:04 -0400, [email protected] wrote:
>
>>On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>>On 4/6/2017 7:43 PM, [email protected] wrote:
>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>
>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>> this afternoon if they wanted to.
>>>>>>
>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>
>>>>>
>>>>> To keep from having to make a money transfer or write another check.
>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>> at all it is costing you money to keep the mortgage.
>>>>
>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>> cost of money is so low, it doesn't matter.
>>>>>
>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>> flood insurance.
>>>>
>>>> Why did your builder care?
>>>
>>>The builder does not have to pay extra points for loan qualification.
>>>
>>>
>>>Whether you have a mortgage or not, it's
>>>> all cash to him.
>>>
>>>More or less, builders pay a lot for certain additions of difficulty to
>>>get loans added in the mix.
>>
>>I can't parse the above sentence.
>>
>>> There is no mortgage insurance unless you have more
>>>> house than you can afford.
>>>
>>>Unless you finance 80% or more IIRC.
>>
>>What I said. ;-)
>>
>>>If you're in a flood plane, you're stupid
>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>
>>>I do not have fire insurance specifically, I have home owners insurance
>>>which covers most anything except flood.
>>
>>I'll bet it doesn't cover earthquakes (earth movement) either.
>>
>>>Every one is in a flood plane, some 500 year, 100 year, etc.
>>
>>Not true.
>>
>>>I am in
>>>the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>precious home was in a cheap zone until it was rezoned, that can happen
>>>any time and if it happens and you still have a mortgage you may have to
>>>get flood insurance. If you don't the flood insurance the mortgage
>>>company will get it for you.
>>
>>So?
>>
>>>My precious home went from about $260 per year to $3600 for flood
>>>insurance. That was just after Katrina. Had I still had a mortgage my
>>>payments would have gone up $300 per month.
>>>
>>>If you have a mortgage you may incur more liabilities than just the loan.
>>
>>So you're saying that you would go without flood insurance? So you're
>>self-insuring.
> There are lots of places where flood insurance is basically not
>available.

Where would that be? BTW, I'm not saying that everyone should have
flood insurance, just that a mortgage shouldn't be the determining
factor. A home is still something few can afford to lose (hence
self-insure).

Ll

Leon

in reply to [email protected] on 05/04/2017 10:53 PM

08/04/2017 9:57 AM

On 4/8/2017 8:34 AM, [email protected] wrote:
> On Fri, 07 Apr 2017 23:54:27 -0400, [email protected] wrote:
>
>> On Fri, 07 Apr 2017 23:05:04 -0400, [email protected] wrote:
>>
>>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>
>>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>>
>>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>>
>>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>>> this afternoon if they wanted to.
>>>>>>>
>>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>>
>>>>>>
>>>>>> To keep from having to make a money transfer or write another check.
>>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>>> at all it is costing you money to keep the mortgage.
>>>>>
>>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>>> cost of money is so low, it doesn't matter.
>>>>>>
>>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>>> flood insurance.
>>>>>
>>>>> Why did your builder care?
>>>>
>>>> The builder does not have to pay extra points for loan qualification.
>>>>
>>>>
>>>> Whether you have a mortgage or not, it's
>>>>> all cash to him.
>>>>
>>>> More or less, builders pay a lot for certain additions of difficulty to
>>>> get loans added in the mix.
>>>
>>> I can't parse the above sentence.
>>>
>>>> There is no mortgage insurance unless you have more
>>>>> house than you can afford.
>>>>
>>>> Unless you finance 80% or more IIRC.
>>>
>>> What I said. ;-)
>>>
>>>> If you're in a flood plane, you're stupid
>>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>>
>>>> I do not have fire insurance specifically, I have home owners insurance
>>>> which covers most anything except flood.
>>>
>>> I'll bet it doesn't cover earthquakes (earth movement) either.
>>>
>>>> Every one is in a flood plane, some 500 year, 100 year, etc.
>>>
>>> Not true.
>>>
>>>> I am in
>>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>> precious home was in a cheap zone until it was rezoned, that can happen
>>>> any time and if it happens and you still have a mortgage you may have to
>>>> get flood insurance. If you don't the flood insurance the mortgage
>>>> company will get it for you.
>>>
>>> So?
>>>
>>>> My precious home went from about $260 per year to $3600 for flood
>>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>>> payments would have gone up $300 per month.
>>>>
>>>> If you have a mortgage you may incur more liabilities than just the loan.
>>>
>>> So you're saying that you would go without flood insurance? So you're
>>> self-insuring.
>> There are lots of places where flood insurance is basically not
>> available.
>
> Where would that be?

Where is floods all the time.

If you can't buy flood insurance you should take that as a warning.

k

in reply to [email protected] on 05/04/2017 10:53 PM

08/04/2017 11:26 AM

On Sat, 8 Apr 2017 09:55:00 -0500, Leon <lcb11211@swbelldotnet> wrote:

>On 4/7/2017 9:47 PM, [email protected] wrote:
>> On Fri, 7 Apr 2017 11:29:50 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>
>>> On 4/6/2017 7:43 PM, [email protected] wrote:
>>>> On Thu, 6 Apr 2017 15:41:44 -0500, Leon <lcb11211@swbelldotnet> wrote:
>>>>
>>>>> On 4/6/2017 2:12 PM, [email protected] wrote:
>>>>>
>>>>>>> Lots of rich folks (and businesses) have mortgages that they could pay off
>>>>>>> this afternoon if they wanted to.
>>>>>>
>>>>>> Oh, hell, I could have done that some time back but why bother?
>>>>>
>>>>>
>>>>> To keep from having to make a money transfer or write another check.
>>>>> Even automatic transfers can screw up. And if you are paying interest
>>>>> at all it is costing you money to keep the mortgage.
>>>>
>>>> Sure, my payment to the power company can screw up, too. So what? The
>>>> cost of money is so low, it doesn't matter.
>>>>>
>>>>> Our builder knocked an additional $5K off the price of our house for
>>>>> paying cash plus no extra expense for mortgage insurance, or mandatory
>>>>> flood insurance.
>>>>
>>>> Why did your builder care?
>>>
>>> The builder does not have to pay extra points for loan qualification.
>>
>> Why would the builder pay points on your loan?
>
>Ok, this is getting kind'a silly. Often a builder will pay points to
>lower the mortgage or to simply help with the expenses of the mortgage
>approval, this happened with our first home. Builders ALWAYS pay points
>to close the deal. If your builder did not you were had.

That's absurd. I shop mortgages for myself. Why would I take their
financing?
>
>Anyway here is how our sale went. After negotiating and agreeing to the
>the price to build the home the salesman asked if we already had an
>approved loan. I said that we intended to pay cash. Well Mr. Leon you
>get an extra $5K off of your negotiated price.
>
>If you need further details I suggest you visit DRHorton.com

So the analogy is to take dealer financing on cars? In almost all
cases, that's silly.

Ll

Leon

in reply to [email protected] on 05/04/2017 10:53 PM

08/04/2017 12:30 PM

On 4/8/2017 11:21 AM, [email protected] wrote:
Snip


>>> I can't parse the above sentence.
>>
>> It is all cash to them, more cash or less cash. Builders pay a lot for
>> certain things to help the buyer qualify or to compete with what the
>> builder in the next door model home is offering.
>
> But those are all gimmicks that can be negotiated around. It's not
> the cash sale that mattered. Again, if you came in with your own
> financing, nothing would have changed. He would have given you the
> same price. Money is money.
>>
>>
>>
>>>
>>>> There is no mortgage insurance unless you have more
>>>>> house than you can afford.
>>>>
>>>> Unless you finance 80% or more IIRC.
>>>
>>> What I said. ;-)
>>
>> I would say the the vast majority of new home buyers are paying as
>> little down as possible. And a good majority of those people can easily
>> afford the home they buy. An extreme example was my son, he bought our
>> home and financed as much as he could. 3 years later he paid the loan
>> off. We considered having a balloon loan on our current home to get
>> very low interest in the first five years and simply paying if off in 2
>> years, just to have a little more cush. We chose to not finance at all
>> and tightened the purse strings for a couple of years.
>
> I don't think that's true at all. PMI is a *lot* of money and avoided
> if at all possible. I only put 10% down on this house because I still
> had my previous house (wife was still living in it) but as soon as
> that sold. The PMI wasn't a big deal for a short time.

Well what you think is not gospel.




>>>
>>>> If you're in a flood plane, you're stupid
>>>>> if you don't have flood insurance. Don't you have fire insurance?
>>>>
>>>> I do not have fire insurance specifically, I have home owners insurance
>>>> which covers most anything except flood.
>>>
>>> I'll bet it doesn't cover earthquakes (earth movement) either.
>>>
>>>> Every one is in a flood plane, some 500 year, 100 year, etc.
>>>
>>> Not true.
>>
>> Every one is in a zone determined by FEMA.
>
> Pike's Peak? Get real. Well, I guess there was Noah...

Explain that to FEMA.



>>>
>>>> I am in
>>>> the 500 IIRC and buy the insurance anyway, relatively cheap. My
>>>> precious home was in a cheap zone until it was rezoned, that can happen
>>>> any time and if it happens and you still have a mortgage you may have to
>>>> get flood insurance. If you don't the flood insurance the mortgage
>>>> company will get it for you.
>>>
>>> So?
>>
>> Just because I am not likely to be in a flood, it can happen. If your
>> storm drains clog a heavy rain can flood your home. I witnessed this
>> about 10 years ago. While I was "then" in a likely to flood area and
>> did have flood insurance, we had a tornado go through the neighborhood
>> followed by heavy rains for 2~3 hours. Rising water almost entered our
>> garage and did enter homes at the end of the street. The was no high
>> water our side of a few streets in our neighborhood. The drains were
>> stopped up with debris and the rain came down faster than than the
>> clogged drains could handle.
>
> Can happen, but it's highly dependant on surrounding terrain.Clare's
> situation is pretty obvious. We just had 6" of rain in a couple of
> hours (under tornado warnings). No problems. The only storm drains
> around here take the water off the street and dump it into the woods
> (streams) behind the houses.

You said So, I explained.

>
>> So, that is why I buy flood insurance even though I am not ins a prone
>> to flood area.
>>
>>
>>>
>>>> My precious home went from about $260 per year to $3600 for flood
>>>> insurance. That was just after Katrina. Had I still had a mortgage my
>>>> payments would have gone up $300 per month.
>>>>
>>>> If you have a mortgage you may incur more liabilities than just the loan.
>>>
>>> So you're saying that you would go without flood insurance? So you're
>>> self-insuring.
>>
>> NO I did not say that. I was locked in with the $260 that I had already
>> paid, about 3 months later my agent and the flood insurance company
>> tried to make me cancel the policy so that I would have to immediately
>> pay more. They sent me a refund check which I sat on until the policy
>> expired. I then cashed the check and changed agents and flood
>> insurance companies. My new policy went up to about $700, after I
>> provided an elevation survey, otherwise I would have had to pay way more.
>
> I'm confused.

I know.

What would a mortgage have to do with it?

It? and there was no mention of a mortgage in the above paragraph.

You were
> covered contractually.

Not arguing that at all.






Mm

-MIKE-

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 3:24 PM

On 4/1/17 9:26 AM, Michael wrote:
> On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> The shop is at ground level, with a door to the back yard. Some pretty nice
>> stuff has come out that shop.
>>
>> The rest of the basement is unfinished, basically one large room with the
>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> there's a shower stall bathroom in the corner. The basement can be accessed
>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>
>> His realtor has told him that he should empty the shop before showing the
>> house, so he has moved all of his equipment and material to storage until
>> his new house is ready.
>>
>> What are your thoughts? Would you have left the shop as staging or emptied
>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> rage these days, why not stage a shop?
>
> The rule is empty because it looks bigger and the buyer imagines all his or her stuff in there.
>

What he said.
A room full of big power tools just makes the room look small.


--

-MIKE-

"Playing is not something I do at night, it's my function in life"
--Elvin Jones (1927-2004)
--
http://mikedrums.com
[email protected]
---remove "DOT" ^^^^ to reply

Mm

-MIKE-

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 3:26 PM

On 4/1/17 9:34 AM, DerbyDad03 wrote:
> On Saturday, April 1, 2017 at 10:26:15 AM UTC-4, Michael wrote:
>> On Saturday, April 1, 2017 at 9:20:31 AM UTC-5, DerbyDad03 wrote:
>>> My neighbor is selling his house. He has a wood shop in his
>>> basement, maybe 15 x 25. Table saw, jointer, planer, bandsaw, a
>>> couple of workbenches, etc. The shop is at ground level, with a
>>> door to the back yard. Some pretty nice stuff has come out that
>>> shop.
>>>
>>> The rest of the basement is unfinished, basically one large room
>>> with the furnace, water heater, washer, dryer and some storage
>>> shelves. Oh yeah, there's a shower stall bathroom in the corner.
>>> The basement can be accessed by stairs from the kitchen or
>>> through the shop. They are 2 separate spaces. It's sloped lot,
>>> allowing for a walk-out basement in the rear for the shop.
>>>
>>> His realtor has told him that he should empty the shop before
>>> showing the house, so he has moved all of his equipment and
>>> material to storage until his new house is ready.
>>>
>>> What are your thoughts? Would you have left the shop as staging
>>> or emptied the room like the realtor suggested? I know we are
>>> biased, so maybe we aren't the right people to ask. ;-) If
>>> staging bedrooms and kitchens is all the rage these days, why not
>>> stage a shop?
>>
>> The rule is empty because it looks bigger and the buyer imagines
>> all his or her stuff in there.
>
> That's not the "rule" we're following as we get my dad's house ready
> to show.
>
> The realtor has a "stager" on staff that went through the house and
> told us what to leave. Beds, a dresser, a small desk in a room that
> could be an office, etc. They even have air mattresses, bed frames
> and other items that they can set up if you can't leave your own
> stuff.
>
> DAGS 'staging a house for showing'
>

If you will notice when realtors stage a house they use a minimum amount
of furniture in each room and always the smaller choices of furniture.
You won't see a California King in a 12x16 bedroom.


--

-MIKE-

"Playing is not something I do at night, it's my function in life"
--Elvin Jones (1927-2004)
--
http://mikedrums.com
[email protected]
---remove "DOT" ^^^^ to reply

Mm

-MIKE-

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 8:56 PM

On 4/2/17 7:43 PM, [email protected] wrote:
> On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]>
> wrote:
>
>> On 4/2/2017 7:08 PM, Markem wrote:
>>
>>>
>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>
>>> The pictures that kill me are when the house is stuffed to the
>>> gills, but the pics are that nice soft focus (blurry). You can
>>> tell the staged ones. My preference when looking at houses, empty
>>> my imagination can fill it.
>>>
>>> I doubt anyone has kept statistics that are valid as to which
>>> sell best though, the messy one though are probably last.
>>>
>>
>> Most people depends on the money from the sale of their house to
>> use as downpayment on the new one so they want to sell before
>> moving. If the house is empty, why? Overpriced? Problem with
>> structure?
> +1 -,or more
>

Unfortunately, that shows a blatant disregard for recent home values and
trends in the market.
Our last house wasn't anything close to what you'd consider luxury or
high value, but we sold in 3 days and that was only because it took that
long for the bidding war to calm down. The home we bought was on the
market for several hours when we made our offer which was accepted
within a couple days only because it took that long for inspection. The
way the recent housing market is, homes are selling for tens of
thousands more than they were worth only a year ago and they are
selling, not in months, weeks, or day, but hours-- many much higher than
listing.

People in many housing markets can well afford to empty and stage their
homes, move into a hotel for a week, store their belongings in PODS, and
make a profit that will make these expenses seems like peanuts.


--

-MIKE-

"Playing is not something I do at night, it's my function in life"
--Elvin Jones (1927-2004)
--
http://mikedrums.com
[email protected]
---remove "DOT" ^^^^ to reply

KN

Keith Nuttle

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 10:11 PM

On 4/2/2017 9:56 PM, -MIKE- wrote:
> On 4/2/17 7:43 PM, [email protected] wrote:
>> On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]>
>> wrote:
>>
>>> On 4/2/2017 7:08 PM, Markem wrote:
>>>
>>>>
>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>
>>>> The pictures that kill me are when the house is stuffed to the
>>>> gills, but the pics are that nice soft focus (blurry). You can
>>>> tell the staged ones. My preference when looking at houses, empty
>>>> my imagination can fill it.
>>>>
>>>> I doubt anyone has kept statistics that are valid as to which
>>>> sell best though, the messy one though are probably last.
>>>>
>>>
>>> Most people depends on the money from the sale of their house to
>>> use as downpayment on the new one so they want to sell before
>>> moving. If the house is empty, why? Overpriced? Problem with
>>> structure?
>> +1 -,or more
>>
>
> Unfortunately, that shows a blatant disregard for recent home values and
> trends in the market.
> Our last house wasn't anything close to what you'd consider luxury or
> high value, but we sold in 3 days and that was only because it took that
> long for the bidding war to calm down. The home we bought was on the
> market for several hours when we made our offer which was accepted
> within a couple days only because it took that long for inspection. The
> way the recent housing market is, homes are selling for tens of
> thousands more than they were worth only a year ago and they are
> selling, not in months, weeks, or day, but hours-- many much higher than
> listing.
>
> People in many housing markets can well afford to empty and stage their
> homes, move into a hotel for a week, store their belongings in PODS, and
> make a profit that will make these expenses seems like peanuts.
>
>
I think that whether a house sells and how fast depends on the area the
house was located. You count not expect the same price and turn around
in North Carolina, Florida, New York City, and Los Angeles.

We have not been in the market for over 5 years, but watching the house
around us it seems like it is taking between 3 and 6 months, and they
are getting close to their asking price.



Mm

-MIKE-

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 9:33 PM

On 4/2/17 9:11 PM, Keith Nuttle wrote:
> On 4/2/2017 9:56 PM, -MIKE- wrote:
>> On 4/2/17 7:43 PM, [email protected] wrote:
>>> On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]>
>>> wrote:
>>>
>>>> On 4/2/2017 7:08 PM, Markem wrote:
>>>>
>>>>>
>>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>>
>>>>> The pictures that kill me are when the house is stuffed to
>>>>> the gills, but the pics are that nice soft focus (blurry).
>>>>> You can tell the staged ones. My preference when looking at
>>>>> houses, empty my imagination can fill it.
>>>>>
>>>>> I doubt anyone has kept statistics that are valid as to
>>>>> which sell best though, the messy one though are probably
>>>>> last.
>>>>>
>>>>
>>>> Most people depends on the money from the sale of their house
>>>> to use as downpayment on the new one so they want to sell
>>>> before moving. If the house is empty, why? Overpriced?
>>>> Problem with structure?
>>> +1 -,or more
>>>
>>
>> Unfortunately, that shows a blatant disregard for recent home
>> values and trends in the market. Our last house wasn't anything
>> close to what you'd consider luxury or high value, but we sold in 3
>> days and that was only because it took that long for the bidding
>> war to calm down. The home we bought was on the market for several
>> hours when we made our offer which was accepted within a couple
>> days only because it took that long for inspection. The way the
>> recent housing market is, homes are selling for tens of thousands
>> more than they were worth only a year ago and they are selling, not
>> in months, weeks, or day, but hours-- many much higher than
>> listing.
>>
>> People in many housing markets can well afford to empty and stage
>> their homes, move into a hotel for a week, store their belongings
>> in PODS, and make a profit that will make these expenses seems like
>> peanuts.
>>
>>
> I think that whether a house sells and how fast depends on the area
> the house was located. You count not expect the same price and turn
> around in North Carolina, Florida, New York City, and Los Angeles.
>
> We have not been in the market for over 5 years, but watching the
> house around us it seems like it is taking between 3 and 6 months,
> and they are getting close to their asking price.
>

This whole debate has been over a specific selling trend that caters to
a specific buying trend. You can't say a strategy doesn't work just
because you don't see those trends in your local market. The strategy
works in hot markets and those are the markets in which it is being
used, and used very effectively.


--

-MIKE-

"Playing is not something I do at night, it's my function in life"
--Elvin Jones (1927-2004)
--
http://mikedrums.com
[email protected]
---remove "DOT" ^^^^ to reply

EC

Electric Comet

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 7:54 PM

On Sat, 1 Apr 2017 07:20:27 -0700 (PDT)
DerbyDad03 <[email protected]> wrote:

> maybe we aren't the right people to ask. ;-) If staging bedrooms and
> kitchens is all the rage these days, why not stage a shop?

because a shop is more personal to a woodworker
we are particular about our tools

woodworker is a very very small market segment

plus what is the commision for a realtor these days

maybe make them earn that and take their advice







Ff

FrozenNorth

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 5:01 PM

On 2017-04-03 4:54 PM, [email protected] wrote:
> On Mon, 03 Apr 2017 13:28:56 -0400, [email protected] wrote:
>
>> On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:
>>
>>> On 4/2/2017 10:57 PM, [email protected] wrote:
>>>
>>>>>
>>>>> If it's really that hot, housing is very under priced. Ninety days is
>>>>> considered "normal". This isn't even the normal peak buying time.
>>>>>
>>>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>>>> after selling. Way too stressful.
>>>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>>>> "working class" subdivision sells for over $350,000 I don't think the
>>>> house is "under-priced"
>>>> With the influx of Toronto buyers I think you could sell a henhouse in
>>>> a week for what would have been the high end of the market for a
>>>> decent house less than 2 years ago.
>>>> It's NUTS.
>>>
>>> How easy is getting a mortgage? I hope it is not heading like our
>>> housing market before the bubble burst. Of course, if you earned $2000
>>> a month and your payment would be $1999 you qualified.
>>
>> It does seem to be going back that way. Not so much qualified income
>> and no-docs, perhaps, but the (close to) 100% loans are back.
> Not up here. Thank Goodness.
> It's bad enough that the "well healed" Torontonians are grabbing up
> everything in sight (The vast majority recent immigrants, by the way)
> without all the riff-raff joining them. It does make it hard for our
> kids to buy houses - they would qualify for what the houses were
> selling for 2 years ago - but now they are being totally bid out of
> the market - with Semis and townhouses over $300,000, and bidding wars
> - and lineps around the block when new condos go up for sale. This
> weekend a 40 unit condo sold out in hours - with a waiting list for
> the next tower virtually selling it out before it is built.And it's
> not a cheap condo tower ----. Being 10 minutes from the 401 it was
> sold almost totally to Toronto Commuters.
>
That drive must be brutal on the 401, through part of Toronto,
Mississauga and the rest of the trip to Waterloo, especially doing it in
rush hour twice a day. It would be different if I could get a job
there, and probably pocket a good hunk of change.

--
Froz....

EC

Electric Comet

in reply to DerbyDad03 on 01/04/2017 7:20 AM

04/04/2017 3:28 PM

On Mon, 3 Apr 2017 03:53:33 -0700 (PDT)
DerbyDad03 <[email protected]> wrote:

> Just because were paying them doesn't make them right 100% of the
> time.

certainly you mean overpaying them








c

in reply to Electric Comet on 04/04/2017 3:28 PM

06/04/2017 8:42 PM

On Thu, 06 Apr 2017 15:12:07 -0400, [email protected] wrote:

>On Thu, 6 Apr 2017 07:35:37 -0700 (PDT), DerbyDad03
><[email protected]> wrote:
>
>>On Thursday, April 6, 2017 at 9:11:32 AM UTC-4, Leon wrote:
>>> On 4/5/2017 10:35 PM, [email protected] wrote:
>>> Snip
>>>
>>>
>>> >
>>> > I'm sure glad I'm not buying or selling in the current market. We were
>>> > looking 2 years ago but I'll put in stair lifts and stay in the house
>>> > we have for a lot less than just the real estate comissions involved
>>> > in changing houses - and there are no decent bungalows available for
>>> > what we are likely to get for our 2 story - and I refuse to deal with
>>> > a mortgage in retirement.
>>> >
>>>
>>> What's a mortgage? ;~)
>>
>>A method used to raise cash at a low interest rate so that it can be invested
>>at a higher rate of return.
>
>...and a sure-fire method of bankruptcy.
>>
>>Possibly risky and something that has to be managed carefully, yes, but a
>>strategy used by wealthy people (and businesses) quite often.
>
>Also of really poor people.
>>
>>Lots of rich folks (and businesses) have mortgages that they could pay off
>>this afternoon if they wanted to.
>
>Oh, hell, I could have done that some time back but why bother?
Grand dad bought 100 acre farm in '29 for something like $1200 with a
1 1/4% open mortgage and he never paid a cent of the principal 'till
he sold the farm in the mid sixties.

EC

Electric Comet

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 9:09 AM

On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
DerbyDad03 <[email protected]> wrote:

> So much for letting potential buyers use their imagination as to what
> the room could be used for. ;-)

the point of removing furnishings is to make the space look and feel
bigger










EC

Electric Comet

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 10:58 AM

On Thu, 27 Apr 2017 13:47:39 -0400
woodchucker <[email protected]> wrote:

> It's all BULL SHIT window dressing for idiots

the techniques are meant to appeal to the base emotions or responses

sometimes called the reptilian brain










EC

Electric Comet

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 11:03 AM

On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
DerbyDad03 <[email protected]> wrote:

> So, at the suggestion of his realtor, my neighbor emptied his
> woodworking shop. He left a large rolling toolbox, a wet-dry vac,
> some boxes and paint cans and other assorted odds and ends.

how is he coping without doing some woodworking









Ff

FrozenNorth

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 6:18 PM

On 2017-04-27 3:51 PM, [email protected] wrote:
> On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>
>> On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>> <[email protected]> wrote:
>>
>>> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>> DerbyDad03 <[email protected]> wrote:
>>>
>>>> So much for letting potential buyers use their imagination as to what
>>>> the room could be used for. ;-)
>>>
>>> the point of removing furnishings is to make the space look and feel
>>> bigger
>>
>> There is a limit to that. There should be enough in a room to make it
>> look useful but not enough to make it junky. A lot of people can't
>> "see" their bed in an empty room. OTOH, if there is a queen bed in
>> the room, it's a lot easier to imagine your king in the same room.
>> There is a reason people pay big money to stage homes.
> Total waste of money in this local market where there are multiple
> bids on virtually every listing, and they usually sell way over listed
> price - with no conditions, and often sight unseen. Crazy I know, but
> that's the market in the Greater Golden Horseshoe.
>
Yep, I own a house in Toronto, it is crazy to see the the listed price,
and then hear the selling price. The last one on my street went over
120K over asking.

--
Froz....

Mm

-MIKE-

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 10:35 PM

On 4/27/17 9:39 PM, [email protected] wrote:
> On Thu, 27 Apr 2017 22:31:39 -0400, [email protected] wrote:
>
>> On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:
>>
>>> On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>>>
>>>> On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>>>
>>>>> On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>>>> <[email protected]> wrote:
>>>>>
>>>>>> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>>> DerbyDad03 <[email protected]> wrote:
>>>>>>
>>>>>>> So much for letting potential buyers use their imagination as to what
>>>>>>> the room could be used for. ;-)
>>>>>>
>>>>>> the point of removing furnishings is to make the space look and feel
>>>>>> bigger
>>>>>
>>>>> There is a limit to that. There should be enough in a room to make it
>>>>> look useful but not enough to make it junky. A lot of people can't
>>>>> "see" their bed in an empty room. OTOH, if there is a queen bed in
>>>>> the room, it's a lot easier to imagine your king in the same room.
>>>>> There is a reason people pay big money to stage homes.
>>>> Total waste of money in this local market where there are multiple
>>>> bids on virtually every listing, and they usually sell way over listed
>>>> price - with no conditions, and often sight unseen. Crazy I know, but
>>>> that's the market in the Greater Golden Horseshoe.
>>>
>>> Probably but it makes the point that you shouldn't totally empty
>>> rooms. De-junkify, absolutely. Remove everything? Not necessarily.
>> In a "normal" market you want the house look like it's liveable. A
>> bit of furniture gives it some "scale". I think an empty house is a
>> harder sell - in a normal market. If nothing else it detracts from
>> some of the normal "wear and tear"
>
> Exactly. That's the point I've been making but even in a hot market
> it may matter but it's unlikely to be worth hiring decoy furniture.
>

I love when so many "experts" show up on usenet to offer their ignorant
opinions.
The bottom line is a good realtor knows the trends in their area and
adjusts/stages accordingly.
It just so happens we are in the hottest sellers' market in 20 years.
You could stage your house with dead horses and crime scene tape and
you'd probably have a bidding war before it was officially on the market.

But no, a bunch of retired woodworkers on a dead internet medium know
more than people who are actually doing the job of selling real estate.

It's entertaining, at least.


--

-MIKE-

"Playing is not something I do at night, it's my function in life"
--Elvin Jones (1927-2004)
--
http://mikedrums.com
[email protected]
---remove "DOT" ^^^^ to reply

Mm

-MIKE-

in reply to DerbyDad03 on 01/04/2017 7:20 AM

28/04/2017 10:36 PM

On 4/28/17 7:23 PM, [email protected] wrote:
> On Thu, 27 Apr 2017 22:35:19 -0500, -MIKE- <[email protected]>
> wrote:
>
>> On 4/27/17 9:39 PM, [email protected] wrote:
>>> On Thu, 27 Apr 2017 22:31:39 -0400, [email protected] wrote:
>>>
>>>> On Thu, 27 Apr 2017 21:04:04 -0400, [email protected] wrote:
>>>>
>>>>> On Thu, 27 Apr 2017 15:51:40 -0400, [email protected] wrote:
>>>>>
>>>>>> On Thu, 27 Apr 2017 14:03:56 -0400, [email protected] wrote:
>>>>>>
>>>>>>> On Thu, 27 Apr 2017 09:09:02 -0700, Electric Comet
>>>>>>> <[email protected]> wrote:
>>>>>>>
>>>>>>>> On Wed, 26 Apr 2017 20:20:51 -0700 (PDT)
>>>>>>>> DerbyDad03 <[email protected]> wrote:
>>>>>>>>
>>>>>>>>> So much for letting potential buyers use their imagination as to what
>>>>>>>>> the room could be used for. ;-)
>>>>>>>>
>>>>>>>> the point of removing furnishings is to make the space look and feel
>>>>>>>> bigger
>>>>>>>
>>>>>>> There is a limit to that. There should be enough in a room to make it
>>>>>>> look useful but not enough to make it junky. A lot of people can't
>>>>>>> "see" their bed in an empty room. OTOH, if there is a queen bed in
>>>>>>> the room, it's a lot easier to imagine your king in the same room.
>>>>>>> There is a reason people pay big money to stage homes.
>>>>>> Total waste of money in this local market where there are multiple
>>>>>> bids on virtually every listing, and they usually sell way over listed
>>>>>> price - with no conditions, and often sight unseen. Crazy I know, but
>>>>>> that's the market in the Greater Golden Horseshoe.
>>>>>
>>>>> Probably but it makes the point that you shouldn't totally empty
>>>>> rooms. De-junkify, absolutely. Remove everything? Not necessarily.
>>>> In a "normal" market you want the house look like it's liveable. A
>>>> bit of furniture gives it some "scale". I think an empty house is a
>>>> harder sell - in a normal market. If nothing else it detracts from
>>>> some of the normal "wear and tear"
>>>
>>> Exactly. That's the point I've been making but even in a hot market
>>> it may matter but it's unlikely to be worth hiring decoy furniture.
>>>
>>
>> I love when so many "experts" show up on usenet to offer their ignorant
>> opinions.
>
> Including yours?
>
>> The bottom line is a good realtor knows the trends in their area and
>> adjusts/stages accordingly.
>> It just so happens we are in the hottest sellers' market in 20 years.
>> You could stage your house with dead horses and crime scene tape and
>> you'd probably have a bidding war before it was officially on the market.
>>
>> But no, a bunch of retired woodworkers on a dead internet medium know
>> more than people who are actually doing the job of selling real estate.
>
> Since you're retired, maybe you could take some time to take
> rudimentary reading classes. I said nothing about how hot, or not,
> any particular market is.
>
>> It's entertaining, at least.
>
> I'm so glad I could be of service.
>

With most of your posts, I get the feeling that you're an old curmudgeon
who's only entertainment in life is to belittle people in this group.
If if brings you joy, who am I to argue?

You go on being you and enjoy.


--

-MIKE-

"Playing is not something I do at night, it's my function in life"
--Elvin Jones (1927-2004)
--
http://mikedrums.com
[email protected]
---remove "DOT" ^^^^ to reply

wn

woodchucker

in reply to DerbyDad03 on 01/04/2017 7:20 AM

01/04/2017 4:07 PM

On 4/1/2017 10:20 AM, DerbyDad03 wrote:
> My neighbor is selling his house. He has a wood shop in his basement, maybe
> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
> The shop is at ground level, with a door to the back yard. Some pretty nice
> stuff has come out that shop.
>
> The rest of the basement is unfinished, basically one large room with the
> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
> there's a shower stall bathroom in the corner. The basement can be accessed
> by stairs from the kitchen or through the shop. They are 2 separate spaces.
> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>
> His realtor has told him that he should empty the shop before showing the
> house, so he has moved all of his equipment and material to storage until
> his new house is ready.
>
> What are your thoughts? Would you have left the shop as staging or emptied
> the room like the realtor suggested? I know we are biased, so maybe we aren't
> the right people to ask. ;-) If staging bedrooms and kitchens is all the
> rage these days, why not stage a shop?
>

I hate these empty your house to show it. The HGTV shows have created
that mentality. Again where TV winds up becoming reality. I would have
left it.

--
Jeff

c

in reply to woodchucker on 01/04/2017 4:07 PM

03/04/2017 9:24 PM

On Mon, 3 Apr 2017 17:01:38 -0400, FrozenNorth
<[email protected]> wrote:

>On 2017-04-03 4:54 PM, [email protected] wrote:
>> On Mon, 03 Apr 2017 13:28:56 -0400, [email protected] wrote:
>>
>>> On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:
>>>
>>>> On 4/2/2017 10:57 PM, [email protected] wrote:
>>>>
>>>>>>
>>>>>> If it's really that hot, housing is very under priced. Ninety days is
>>>>>> considered "normal". This isn't even the normal peak buying time.
>>>>>>
>>>>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>>>>> after selling. Way too stressful.
>>>>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>>>>> "working class" subdivision sells for over $350,000 I don't think the
>>>>> house is "under-priced"
>>>>> With the influx of Toronto buyers I think you could sell a henhouse in
>>>>> a week for what would have been the high end of the market for a
>>>>> decent house less than 2 years ago.
>>>>> It's NUTS.
>>>>
>>>> How easy is getting a mortgage? I hope it is not heading like our
>>>> housing market before the bubble burst. Of course, if you earned $2000
>>>> a month and your payment would be $1999 you qualified.
>>>
>>> It does seem to be going back that way. Not so much qualified income
>>> and no-docs, perhaps, but the (close to) 100% loans are back.
>> Not up here. Thank Goodness.
>> It's bad enough that the "well healed" Torontonians are grabbing up
>> everything in sight (The vast majority recent immigrants, by the way)
>> without all the riff-raff joining them. It does make it hard for our
>> kids to buy houses - they would qualify for what the houses were
>> selling for 2 years ago - but now they are being totally bid out of
>> the market - with Semis and townhouses over $300,000, and bidding wars
>> - and lineps around the block when new condos go up for sale. This
>> weekend a 40 unit condo sold out in hours - with a waiting list for
>> the next tower virtually selling it out before it is built.And it's
>> not a cheap condo tower ----. Being 10 minutes from the 401 it was
>> sold almost totally to Toronto Commuters.
>>
>That drive must be brutal on the 401, through part of Toronto,
>Mississauga and the rest of the trip to Waterloo, especially doing it in
>rush hour twice a day. It would be different if I could get a job
>there, and probably pocket a good hunk of change.
On a good day an hour will get me from North Waterloo to Pearson. My
oldest daughter drives from Midtown Kitchener to World Place in
Mississauga -She generally allows an hour and a half and usually gets
there early enough to stop for a coffee. There have been times where
it took over 2 hours, and sometimes she takes the back roads to
Milton. from Mississauga, or from Milton to Mississauga.
It IS a nerve wracking drive, but nothing like driving from
Mississauga to Scarboonie, or vice versa!!!!!!

What kind of work do you do??

k

in reply to woodchucker on 01/04/2017 4:07 PM

03/04/2017 9:38 PM

On Mon, 03 Apr 2017 21:26:48 -0400, [email protected] wrote:

>On 03 Apr 2017 21:35:48 GMT, Puckdropper
><puckdropper(at)yahoo(dot)com> wrote:
>
>>[email protected] wrote in
>>news:[email protected]:
>>
>>>
>>> Or a thousand miles South and get three times the house on 20 times
>>> the property and still be within an hour[*] of six woodworking stores.
>>> ;-)
>>>
>>> [*] Well, before a key highway collapsed.
>>
>>Yeah, but what happens when it rains?
>>
>>I've been there (Atlanta) when it's rained... Sure doesn't take long for
>>someone to slide into someone and clog up all the major expressways out of
>>town.
>>
>>Is Toronto better about that?
>>
>>Puckdropper
>
>
>Significantly. I've driven through/around Atlanta a couple times -
>the traffic is nothing compared to Toronto - but I've NEVER made the
>trip without a traffic delay from some driver doing somethinf stupid.

As much as people rank on the Atlanta traffic, I don't even think it's
in the bottom ten major metro areas. There wouldn't be a problem at
all if the drivers weren't such asses.

Ff

FrozenNorth

in reply to woodchucker on 01/04/2017 4:07 PM

03/04/2017 9:36 PM

On 2017-04-03 9:24 PM, [email protected] wrote:
> On Mon, 3 Apr 2017 17:01:38 -0400, FrozenNorth
> <[email protected]> wrote:
>
>> On 2017-04-03 4:54 PM, [email protected] wrote:
>>> On Mon, 03 Apr 2017 13:28:56 -0400, [email protected] wrote:
>>>
>>>> On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:
>>>>
>>>>> On 4/2/2017 10:57 PM, [email protected] wrote:
>>>>>
>>>>>>>
>>>>>>> If it's really that hot, housing is very under priced. Ninety days is
>>>>>>> considered "normal". This isn't even the normal peak buying time.
>>>>>>>
>>>>>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>>>>>> after selling. Way too stressful.
>>>>>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>>>>>> "working class" subdivision sells for over $350,000 I don't think the
>>>>>> house is "under-priced"
>>>>>> With the influx of Toronto buyers I think you could sell a henhouse in
>>>>>> a week for what would have been the high end of the market for a
>>>>>> decent house less than 2 years ago.
>>>>>> It's NUTS.
>>>>>
>>>>> How easy is getting a mortgage? I hope it is not heading like our
>>>>> housing market before the bubble burst. Of course, if you earned $2000
>>>>> a month and your payment would be $1999 you qualified.
>>>>
>>>> It does seem to be going back that way. Not so much qualified income
>>>> and no-docs, perhaps, but the (close to) 100% loans are back.
>>> Not up here. Thank Goodness.
>>> It's bad enough that the "well healed" Torontonians are grabbing up
>>> everything in sight (The vast majority recent immigrants, by the way)
>>> without all the riff-raff joining them. It does make it hard for our
>>> kids to buy houses - they would qualify for what the houses were
>>> selling for 2 years ago - but now they are being totally bid out of
>>> the market - with Semis and townhouses over $300,000, and bidding wars
>>> - and lineps around the block when new condos go up for sale. This
>>> weekend a 40 unit condo sold out in hours - with a waiting list for
>>> the next tower virtually selling it out before it is built.And it's
>>> not a cheap condo tower ----. Being 10 minutes from the 401 it was
>>> sold almost totally to Toronto Commuters.
>>>
>> That drive must be brutal on the 401, through part of Toronto,
>> Mississauga and the rest of the trip to Waterloo, especially doing it in
>> rush hour twice a day. It would be different if I could get a job
>> there, and probably pocket a good hunk of change.
> On a good day an hour will get me from North Waterloo to Pearson. My
> oldest daughter drives from Midtown Kitchener to World Place in
> Mississauga -She generally allows an hour and a half and usually gets
> there early enough to stop for a coffee. There have been times where
> it took over 2 hours, and sometimes she takes the back roads to
> Milton. from Mississauga, or from Milton to Mississauga.
> It IS a nerve wracking drive, but nothing like driving from
> Mississauga to Scarboonie, or vice versa!!!!!!
>
> What kind of work do you do??
>
Retired now, worked in computers, programming and network admin for many
years. In the mid eighties I actually did drive the
Mississauga/Scarborough run for a commute, that got old, and fast, got a
job in Mississauga.

--
Froz....

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

04/04/2017 10:38 PM

On 4/4/2017 9:48 PM, DerbyDad03 wrote:

>> I used to commute from the outskirts to Georgia Tech. Traffic wasn't
>> really that big a deal most days. A lot better than Hartford. Of course
>> Hell is probably better than Hartford.
>
> I grew up in NYC. I hated NYC traffic since Day 1.
>
> My family and I used to leave for Jones Beach at 6AM. We'd eat breakfast at the beach,
> swim until it got crowded and then drive home, laughing at all the people stuck in traffic
> on the LIE and Meadowbrook trying to get to Jones Beach. (and they were going to be
> stuck on the way home too.)
>
> After getting out of the USCG and going to college in NYC, I only took interviews for
> jobs outside of NYC. Why? Because I grew up in NYC and I hated NYC traffic since Day 1.
>
> I like to drive and for the past 30+ years I've been able to.
>

When I lived in Philadelphia my commute was to outside the city so it
was much better than the opposite but still not fun. I've done my share
of NYC, Hartford and Boston but mostly a day at a time. I cannot imagine
doing it every day for years.

My commute for the past 27 years was 24 miles and in light traffic 32
minutes, heavy traffic 34 minutes. My commute now is to the kitchen to
make a cup of tea. I'm liking it.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 1:28 PM

On Mon, 3 Apr 2017 08:40:29 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/2/2017 10:57 PM, [email protected] wrote:
>
>>>
>>> If it's really that hot, housing is very under priced. Ninety days is
>>> considered "normal". This isn't even the normal peak buying time.
>>>
>>> BTW, if I move again, I certainly wouldn't even try to buy a house
>>> after selling. Way too stressful.
>> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>> "working class" subdivision sells for over $350,000 I don't think the
>> house is "under-priced"
>> With the influx of Toronto buyers I think you could sell a henhouse in
>> a week for what would have been the high end of the market for a
>> decent house less than 2 years ago.
>> It's NUTS.
>
>How easy is getting a mortgage? I hope it is not heading like our
>housing market before the bubble burst. Of course, if you earned $2000
>a month and your payment would be $1999 you qualified.

It does seem to be going back that way. Not so much qualified income
and no-docs, perhaps, but the (close to) 100% loans are back.

Ll

Leon

in reply to DerbyDad03 on 01/04/2017 7:20 AM

06/04/2017 2:12 PM

On 4/6/2017 1:59 PM, [email protected] wrote:
> On Thu, 6 Apr 2017 12:41:03 -0500, Leon <lcb11211@swbelldotnet> wrote:
>
>> On 4/6/2017 11:57 AM, woodchucker wrote:
>> Sniop
>>
>>
>>
>>> So what you are saying is people have no imagination and can only see it
>>> for what it is.
>>>
>>> Years ago, homes were never staged, you went out and saw what people
>>> had. You used your imagination. Figured out what you wanted it to look
>>> like.
>>>
>> Yes, times have changed. My wife cannot picture a piece of furniture
>> that I want to build until I draw it. I pretty much see the protect
>> before I draw it.
>
> "Seeing" a piece of furniture is not the same as *communicating" that
> vision.

She has a hard time seeing it as it is being built. Some times it takes
putting it in place.

>
>> It is surprising how many people can't picture something that is not there.
>

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 1:26 PM

On Sun, 02 Apr 2017 22:57:20 -0400, [email protected] wrote:

>On Sun, 02 Apr 2017 22:20:35 -0400, [email protected] wrote:
>
>>On Sun, 02 Apr 2017 21:54:28 -0400, [email protected] wrote:
>>
>>>On Sun, 02 Apr 2017 20:11:54 -0400, [email protected] wrote:
>>>
>>>>On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:
>>>>
>>>>>On 4/2/2017 7:08 PM, Markem wrote:
>>>>>
>>>>>>
>>>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>>>
>>>>>> The pictures that kill me are when the house is stuffed to the gills,
>>>>>> but the pics are that nice soft focus (blurry). You can tell the
>>>>>> staged ones. My preference when looking at houses, empty my
>>>>>> imagination can fill it.
>>>>>>
>>>>>> I doubt anyone has kept statistics that are valid as to which sell
>>>>>> best though, the messy one though are probably last.
>>>>>>
>>>>>
>>>>>Most people depends on the money from the sale of their house to use as
>>>>>downpayment on the new one so they want to sell before moving. If the
>>>>>house is empty, why? Overpriced? Problem with structure?
>>>>
>>>>The people already moved? I'd expect that a lot of people who move,
>>>>are moving out of the area. There is usually a time line for such
>>>>life changes. In two of our three moves, the house was empty. The
>>>>third was a move into an apartment for a while (I was working a
>>>>short-term contract at the time) so left everything in the house
>>>>(including SWMBO) until it sold. The first was a "corporate move", so
>>>>there wasn't a worry about selling and the last was a more "normal'
>>>>move, though we owned both homes for some time (with a year leasing it
>>>>"after" the sale).
>>> That may happen in some markets - but right now, around here, if a
>>>house doesn't sell in a week it is either in bad - and I mean REAL bad
>>>shape, or VERY over-priced - or both.
>>
>>If it's really that hot, housing is very under priced. Ninety days is
>>considered "normal". This isn't even the normal peak buying time.
>>
>>BTW, if I move again, I certainly wouldn't even try to buy a house
>>after selling. Way too stressful.
> When a 3 bedroom 45 year old semi-detatched home with no garage in a
>"working class" subdivision sells for over $350,000 I don't think the
>house is "under-priced"

What it is, is irrelevant. How fast it sells for and how many people
want it (at the price) is. Worth is defined by what people are
willing to pay. Nothing more. Nothing less.

>With the influx of Toronto buyers I think you could sell a henhouse in
>a week for what would have been the high end of the market for a
>decent house less than 2 years ago.
> It's NUTS.
> Going by the house down the street I could likely get $400,000 for my
>house if I put it on the market tomorrow - but then whwere would I
>live? I'm not ready to move 100 miles west or 350-400 east, or 150
>north, to get an affordable place.. There are places 50-60 miles west
>that might be reasonable, but not close to any decent centers with
>good hospitals and othe facilities - and where I wouldn't have to
>drive half an hour to get anywhere.

Or a thousand miles South and get three times the house on 20 times
the property and still be within an hour[*] of six woodworking stores.
;-)

[*] Well, before a key highway collapsed.

k

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 9:29 PM

On Mon, 3 Apr 2017 09:50:59 -0700 (PDT), DerbyDad03
<[email protected]> wrote:

>On Monday, April 3, 2017 at 10:13:28 AM UTC-4, Leon wrote:
>> On 4/3/2017 5:53 AM, DerbyDad03 wrote:
>> > On Sunday, April 2, 2017 at 10:54:47 PM UTC-4, Electric Comet wrote:
>> >> On Sat, 1 Apr 2017 07:20:27 -0700 (PDT)
>> >> DerbyDad03 <[email protected]> wrote:
>> >>
>> >>> maybe we aren't the right people to ask. ;-) If staging bedrooms and
>> >>> kitchens is all the rage these days, why not stage a shop?
>> >>
>> >> because a shop is more personal to a woodworker
>> >> we are particular about our tools
>> >>
>> >> woodworker is a very very small market segment
>> >>
>> >> plus what is the commision for a realtor these days
>> >>
>> >> maybe make them earn that and take their advice
>> >
>> > As if different realtors don't have different opinions.
>> >
>> > Just because were paying them doesn't make them right 100% of the time.
>> >
>>
>> This is correct, but a realtor typically knows much more about selling
>> homes than the average home owner.
>
>Trust, but verify.
>
>We're dealing with a realtor to sell my dad's house. Even she says that nothing is 100%
>when selling a house. The smell of chocolate chip cookies could send the best buyer
>running out of the door. :-)

It's all about odds. if everyone is making chocolate chip cookies...

Ll

Leon

in reply to DerbyDad03 on 01/04/2017 7:20 AM

03/04/2017 9:13 AM

On 4/3/2017 5:53 AM, DerbyDad03 wrote:
> On Sunday, April 2, 2017 at 10:54:47 PM UTC-4, Electric Comet wrote:
>> On Sat, 1 Apr 2017 07:20:27 -0700 (PDT)
>> DerbyDad03 <[email protected]> wrote:
>>
>>> maybe we aren't the right people to ask. ;-) If staging bedrooms and
>>> kitchens is all the rage these days, why not stage a shop?
>>
>> because a shop is more personal to a woodworker
>> we are particular about our tools
>>
>> woodworker is a very very small market segment
>>
>> plus what is the commision for a realtor these days
>>
>> maybe make them earn that and take their advice
>
> As if different realtors don't have different opinions.
>
> Just because were paying them doesn't make them right 100% of the time.
>

This is correct, but a realtor typically knows much more about selling
homes than the average home owner.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 10:50 PM

On Sun, 2 Apr 2017 22:11:26 -0400, Keith Nuttle
<[email protected]> wrote:

>On 4/2/2017 9:56 PM, -MIKE- wrote:
>> On 4/2/17 7:43 PM, [email protected] wrote:
>>> On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]>
>>> wrote:
>>>
>>>> On 4/2/2017 7:08 PM, Markem wrote:
>>>>
>>>>>
>>>>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>>>>
>>>>> The pictures that kill me are when the house is stuffed to the
>>>>> gills, but the pics are that nice soft focus (blurry). You can
>>>>> tell the staged ones. My preference when looking at houses, empty
>>>>> my imagination can fill it.
>>>>>
>>>>> I doubt anyone has kept statistics that are valid as to which
>>>>> sell best though, the messy one though are probably last.
>>>>>
>>>>
>>>> Most people depends on the money from the sale of their house to
>>>> use as downpayment on the new one so they want to sell before
>>>> moving. If the house is empty, why? Overpriced? Problem with
>>>> structure?
>>> +1 -,or more
>>>
>>
>> Unfortunately, that shows a blatant disregard for recent home values and
>> trends in the market.
>> Our last house wasn't anything close to what you'd consider luxury or
>> high value, but we sold in 3 days and that was only because it took that
>> long for the bidding war to calm down. The home we bought was on the
>> market for several hours when we made our offer which was accepted
>> within a couple days only because it took that long for inspection. The
>> way the recent housing market is, homes are selling for tens of
>> thousands more than they were worth only a year ago and they are
>> selling, not in months, weeks, or day, but hours-- many much higher than
>> listing.
>>
>> People in many housing markets can well afford to empty and stage their
>> homes, move into a hotel for a week, store their belongings in PODS, and
>> make a profit that will make these expenses seems like peanuts.
>>
>>
>I think that whether a house sells and how fast depends on the area the
>house was located. You count not expect the same price and turn around
>in North Carolina, Florida, New York City, and Los Angeles.
>
>We have not been in the market for over 5 years, but watching the house
>around us it seems like it is taking between 3 and 6 months, and they
>are getting close to their asking price.
>
>
>
1-7 days, 10 to 150 thousand over listing price in Region of Waterloo,
Ontario - about 60 miles from Toronto.

c

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 8:43 PM

On Sun, 2 Apr 2017 19:24:47 -0400, Ed Pawlowski <[email protected]> wrote:

>On 4/2/2017 7:08 PM, Markem wrote:
>
>>
>> Go check out realty ads, craigslist or Realtor.com, zillow.
>>
>> The pictures that kill me are when the house is stuffed to the gills,
>> but the pics are that nice soft focus (blurry). You can tell the
>> staged ones. My preference when looking at houses, empty my
>> imagination can fill it.
>>
>> I doubt anyone has kept statistics that are valid as to which sell
>> best though, the messy one though are probably last.
>>
>
>Most people depends on the money from the sale of their house to use as
>downpayment on the new one so they want to sell before moving. If the
>house is empty, why? Overpriced? Problem with structure?
+1 -,or more

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

02/04/2017 8:43 AM

On 4/2/2017 12:44 AM, [email protected] wrote:


>
> On TV I have seen women play
> football. Tackle football. In bikinis! Yeah. But I have yet to
> meet any women who play football. Men, usually young, will play
> football with each other. Have not seen any women playing football.
> Except on TV. In bikinis! I'm just guessing the bikinis are
> important.
>

Do you think football would be more popular if the NFL adopted the
bikini as the uniform?

EP

Ed Pawlowski

in reply to DerbyDad03 on 01/04/2017 7:20 AM

27/04/2017 7:52 AM

On 4/26/2017 11:20 PM, DerbyDad03 wrote:
> On Saturday, April 1, 2017 at 10:20:31 AM UTC-4, DerbyDad03 wrote:
>> My neighbor is selling his house. He has a wood shop in his basement, maybe
>> 15 x 25. Table saw, jointer, planer, bandsaw, a couple of workbenches, etc.
>> The shop is at ground level, with a door to the back yard. Some pretty nice
>> stuff has come out that shop.
>>
>> The rest of the basement is unfinished, basically one large room with the
>> furnace, water heater, washer, dryer and some storage shelves. Oh yeah,
>> there's a shower stall bathroom in the corner. The basement can be accessed
>> by stairs from the kitchen or through the shop. They are 2 separate spaces.
>> It's sloped lot, allowing for a walk-out basement in the rear for the shop.
>>
>> His realtor has told him that he should empty the shop before showing the
>> house, so he has moved all of his equipment and material to storage until
>> his new house is ready.
>>
>> What are your thoughts? Would you have left the shop as staging or emptied
>> the room like the realtor suggested? I know we are biased, so maybe we aren't
>> the right people to ask. ;-) If staging bedrooms and kitchens is all the
>> rage these days, why not stage a shop?
>
> So, at the suggestion of his realtor, my neighbor emptied his woodworking
> shop. He left a large rolling toolbox, a wet-dry vac, some boxes and paint
> cans and other assorted odds and ends.
>
> The only pictures of the basement are of the room that used to be his shop.
> The main basement, with the washer, dryer, furnace, water heater, etc. is
> not included in the listing pictures.
>
> https://photos.zillowstatic.com/p_f/ISyjhe5auhptam1000000000.jpg
> https://photos.zillowstatic.com/p_f/ISmmvt0egzy6rl1000000000.jpg
>
> The listing includes the words:
>
> WALKOUT BSMNT FEATURES GLASS BLK WNDWS, FBA, & LARGE SHOP W/LOTS OF ELECT!
>
> So much for letting potential buyers use their imagination as to what the
> room could be used for. ;-)
>

Nice size for a shop but if they don't show the rest it looks small
overall. It would be more attractive had he put some rock up on the
ceiling and would have brightened his shop.


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