Buyers and sellers
In another thread, someone was discussing his bad experience with a
potential boat buyer. I wonder if sometimes things happen to buyers
that thye just dont expect.
For example, my wife and I looked at a piece of property in Wyoming we
loved. We lived near there when first married and it is a true gem;
mountaintop, 4 acres, on a paved year round access road, 20 min from
town, flat, great view. She loved it and talked about buying it and
we discussed going there each year in the summer etc. We already go
to Wy every other summer. So, after nearly a year of back and forth
with the owner, we agreed on a price. I arranged financing via a home
equity loan, no problem with huge amount of equity. I arranged a
realtor to draw up a contract, I did my homework on value. I talked
it over with the owner and was ready to send the contract. Suddenly,
my wife balks at it. She is worried about all the "what ifs". She
wants to make sure there is no risk at all, etc. I cannot proceed
with this unless my wife signs the home equity loan so now I look
like a fool. I am sure the owner is cursing me and he has a right to
but I really thought my wife was ready to do this. The owner prob
will not be willing to deal with me again after this fiasco but from
my position as buyer, this was totally unexpected. |
oldfrogster
May 11
|
| Harold, why are you admonishing someone about wishing death on people?
Are you upset that he has taken over your line. |
BAR
May 13
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| well considered thoughts to the readers of rec.boats: |
Gene
May 13
|
| considered thoughts to the readers of rec.boats: |
Gene
May 13
|
| On 13 May 2007 09:27:41 -0700, oldfrogster@gmail.com penned the |
Gene
May 13
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| --Vic |
Vic
May 13
|
| But I always sugar my tea. Hope there isn't some "special" Florida
sugar I haven't head about. --Vic |
Vic
May 13
|
| well considered thoughts to the readers of rec.boats: |
Gene
May 13
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| The fact that more is paid is kept pretty well hidden! |
John
May 13
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| well considered thoughts to the readers of rec.boats:
Most visitors from north of Virginia usually have something to say
about the tea being too sweet. We also put chili, slaw, and onions on our hot dogs and hamburgers....
yeah, two meats. Don't even ask how many different kinds of meats go
into properly prepared Brunswick Stew. And, yes, Bar-B-Q is pork. Shrimp and fish are served with grits.... sometimes for breakfast. Brains and eggs can still be found at the finer eateries and you need
to understand Country ham, collard greens, cracklins, chitlins, souse
meat, and.... mountain oysters.
|
Gene
May 13
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| Don't let Harrie get to you at all. He's stuck in name-calling mode. |
John
May 13
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| I'm not much on stew, but sometimes my wife make bigos, or so-called |
Vic
May 13
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| It's a scam from 3rd parties and your own mortgage company. I get a few
"offers" each year. They illustrate the huge savings if you pay
bi-weekly - which ultimately results in one additional principal payment
every year. For that "service" they charge a fee. Here's one example... http://www.realestateabc.com/loanguide/biweekly.htm If you did this on your own, as anyone can, you accomplished the same
thing for no additional charge. Most people will add an additional
principal payment to their monthly mortgage check with the same results
and fewer checks. The Highlander is nice. Also check out the Acura MDX or the Honda
Pilot. They are made in Canada and have a decent tow rating. |
Dan
May 13
|
|
I believe all toxic waste should be shipped to Texas, where it belongs.
Anything leftover, ship it to Wyoming. |
HK
May 13
|
| We had a feast tonight with BBQ babyback pork ribs with a homemade rub, cole
slaw with a homemade sauce and fries. We have a full slab left over and you are welcome to
it..although it will be a long drive to taste how ribs are
made to perfection. ;-) |
JimH
May 13
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| ~~ snicker ~~ |
Short
May 14
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| Get your wide ass over here to taste them and tell me they are not the best
you ever had. I will even give you a boa ride after the dinner ;-) |
JimH
May 13
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| I don't eat pork - seriously. I have my reasons none of which are religious but medically sound and
relevant only to me. >I will even give you a boa ride after the dinner ;-) A boa ride? What the hell kind of snake do you own anyway? :>) |
Short
May 14
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| I'll pass on the mtn oysters thank you.... Certainly not to be confused with "pass me the mtn oysters." :o --Mike |
Mike
May 14
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| Had a friend in Altanta that would order sweet tea, then add sugar until
it would not disolve, then adda packet of sweet n lo.that would
be too sweet. :-) |
animal05
May 14
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| You bought into that bi-weekly game? What did they charge for the
"service"? It's well known that you can add $100, $500, $1000, or
whatever you want to your principal payment every month for no charge
and accomplish the same goal without fees. These bi-weekly payment
"services" charge a fee based on their creative advertising when the
simple reality is that you can do it yourself. As for remaining debt-free, do you expect to outlive your minivan?
Chances are that you will have to replace it. |
Dan
May 12
|
| I don't recall any 'fee' for the priviledge of paying bi-weekly. That must
be an American thing.
As for my vehicles, when my 3 year lease is up on the 2006 Ford Ranger in
March 2009 I hope to have enough loonies & toonies saved to put a good down
payment on a Toyota Highlander. |
Don
May 12
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| Thought so.
JR
|
JR
May 12
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| Some southern hospitality that is. |
Vic
May 12
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| I cheer for hurricanes, Gods way of cleaning the beaches of condo
filth.
However, our dumb ass politicians have made those of us who are smart
enough to not own property on the coast pay for those who think its a
good idea. They have made us inlanders help to subsidize the
insurance of those who want to live dangerously on the coast. Thus,
former boat yards and fishhouses have been turned into condos inviting
further financial disaster such that several companies refuse to
insure in FL at all because the state demands they insure unsafe
properties on the coast. I don't ask non-boat owners to help pay my
boat insurance, why should I have to help pay for dangerous coastal
property?
Southern Hospitality: C'mon down, stay awhile, THEN LEAVE. |
oldfrogster
May 13
|
| Uneducated a**hole. Got any interstate highways near you? Maybe we
should cheer for earthquakes, so your highways are destroyed, and you
are stuck in your little redneck town, eh? |
HK
May 13
|
| I prob have more education than you. That said, read your own post,
"your highways", they are publicly owned, not private like condos.
YES, more hurricanes, clean "OUR" beaches. Make people pay their own
costs of living dangerously. No subsidies for the rich yankees. Fewer
rich yankees, we need fewer roads. Run Disney out of FL. |
oldfrogster
May 13
|
| You're too stupid for consideration. Into the bozo bin you go. Bye. |
HK
May 13
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| His argument is crap, so he takes the easy way out, NEXT. |
oldfrogster
May 13
|
| I'm not too affected by insurance communism where I live, and my
answer to your question would be highly political, so I won't give it.
Sports communism costs me more in my monthly cable TV bill.
I don't give a damn about millionaire athletes and their games, but
them and their "fans" extract a nice chunk of money from me every
month so my wife can watch Lifetime and Home Shopping Network.
Hurricanes are the best solution for your problem, having the added
benefit that they can be laid to God's wrath, with the caveat that the
wrath is unleashed only because of the sins of Al Gore. >Southern Hospitality: C'mon down, stay awhile, THEN LEAVE. 30 years max if I'm not required to attend Sunday rattlesnake church,
and you occasionally have me over for grits.
Otherwise arriving Monday, departing Saturday.
But I'm actually looking more at Wyoming now after seeing how people
like it there (-: --Vic |
Vic
May 13
|
| considered thoughts to the readers of rec.boats:
Locally...... Actually, there is a lot of truth in what he says. Big money builds
big structures at the water's edge and insures them under the NC Beach
Plan. Obviously and predictably, they are going to be damaged (if not
splintered and scattered the length of the island) in any significant
storm. Since insurance in the 18 coastal NC counties is underwritten
by them.... we all pay elevated costs due to the idiots that build in
harm's way. With protest, I'm subsidizing many for-profit
corporation's dubious surfside ventures and helping with the insurance
costs of multi-million dollar houses sitting at the edge of the surf.
In fact, the NC law enacted to prevent re-building on lots condemned
due to storm erosion has been challenged and those lots, (very
temporarily) reclaimed by dredging, are again buildable. Thus, again,
proving that you are entitled to all of the justice that you can
afford to buy. And the influx of snowbirds? They have virtually erased all of the
charm that once drew people here to vacation. Now we have traffic
jams, condos, crowded beaches, fewer piers, and a disappearing marine
economy.... not to mention the fact that tax valuations have jumped by
309% in four years. Lewis Grizzard was right.
|
Gene
May 13
|
|
I'm not commenting on the seemingly uncontrolled growth. I am commenting
on his call for hurricanes. Only an a**hole wishes for such events, so
that there will be all sorts of landside property damage and, probably,
deaths. |
HK
May 13
|
| The interstate on the west coast is the kind of development that
destroyed much of the natural beauty of Florida. I used to vacation
there by trekking down 41, and argued with my dad about the
interstate.
He had a small auction business on 41 near Ft Myers and wanted that
interstate bad. I said it would f**k up the natural beauty and bring
crowding. I was right. And he went out of business due to mega-store
competition.
You're mouthpiecing the Chamber of Commerce if you think all commerce
is "good."
This is an endless philosophical argument, but I see frogsters side
and essentially agree with him regarding Florida.
No different in many respects than folks not wanting a nuke power
plant down the street.
And some places are barring new construction on ocean fronts. --Vic |
Vic
May 13
|
| Well Vic, go in on this property with me then.
If you come on down to North Fl, we'll give ya cheese grits,
hushpuppies and fried mullet with a large iced tea to wash it down. |
oldfrogster
May 13
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| I'm a bit leery that my wife would change her mind when it came to
sign on the loan. But I'll take you up on the rest. --Vic |
Vic
May 13
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| Busted highways put more union members to work. Shortsighted response
Harold. |
BAR
May 13
|
| I am a 5th generation North Florida native and y'all aint invited to
come spoil my little corner of paradise. Although I am sure the
people of Wyoming feel the same way about me buying property there,
there is litle danger of Wy becoming overpopulated. So, yankees and
south Florida refugees, stay away.
On a boating topic, I took my Tolman Skiff over to Dog Island today
from Carabelle, beautiful water, hardly anybody around, it was
wonderful. However, the sight of the damned condos that have been
built on the old boat yard and my favorite oyster bar makes me realize
it wont be long befoe its ruined. |
oldfrogster
May 12
|
| Women are nesters and there is often no rhyme or reason for their attachment
to a house.
I've had many discussions with Mrs. E. regarding the 8000 square foot house
we own but only two of us live in. It's not like we raised all the kids
here or anything .... we bought it after they had all left the nest because
it was ideally setup for her (then) new interest in having horses. Now, we
don't even have the horses here ... they are boarded at a nearby training
stable. The horse barn, which I have all kinds of ideas for converting for
other uses, is off limits and remains spotlessly clean, ready to house the
horses again if they ever return. (which, if I have my way, they won't). There are bedrooms and bathrooms in this house that have never been used,
for cripes sake. No level of logic or rational thinking will permit any
consideration on her part to selling it and moving into a more sensible
house for two. Oh, well. I tell people it's like living in an empty
Sheridan. Eisboch |
RCE
May 12
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| >There are bedrooms and bathrooms in this house that have never been used, |
Vic
May 12
|
| I was wondering the same thing. But he never really mentioned whether
the property was improved or not, and unless it's a business related
thing, the interest won't be tax deductible unless there's a home (2nd
home) on it. Maybe that's the reason? Rick |
PhantMan
May 12
|
| The property has a 100 yr old 400 sq ft log cabin. The inspector gave
3 options, burn it down, tear it down or pull it down. He also
thought the snow from 2 more winters would do the job. So, it is
basically unimproved. |
oldfrogster
May 12
|
| I'll probably look into a straight mortgage this next week if the
owner will still deal with me. |
oldfrogster
May 12
|
| After paying a mortgage bi-weekly year after year, I was happy as hell to
retire the mortgage about seven years ago. That's also why I keep my old
low mileage mini-van... it was paid for 8 years ago. You can always go back
into debt when the mood strikes you. |
Don
May 12
|
|
Good point. Most of what I looked at was "tropical" Florida growing.
Above the freeze line would still suit me fine.
After discussing this thread with my wife, I've concluded the "no
going back" once you sell is the biggest issue for us. Renting this
house out and renting one down there for a year or two might be an
option. The "nest" will remain waiting if the new one doesn't work. --Vic |
Vic
May 12
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| You got that right. --Vic |
Vic
May 12
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|
I really recommend North Florida, from about St. Augustine north, as a
great place for northerners to relocate. First, real estate prices and most other prices are lower than in South
Florida. Second, the climate is better. There really are seasons, albeit the
winter is mild. Third, there are many beautiful uncrowded beaches. The downside is that the area is parochial, and infested with right-wing
religious nutcases. But you can avoid them for the most part. |
HK
May 12
|
| considered thoughts to the readers of rec.boats: |
Gene
May 12
|
|
Why don't they move to texas, where they belong? |
HK
May 12
|
| Finding your neighbors are running meth labs and let their pit bulls
run loose is probably a bigger concern, but I know what you mean.
I was raised a Baptist, but haven't been in a church for years, except
for weddings and funerals.
Even less chance of me going to church down there with all that
rattlesnake kissing going on. --Vic |
Vic
May 12
|
|
The first and only time I ran into snake handlers was in Loudoun County,
Virginia, near Dulles Airport. I took a wrong turn while driving to
Dulles and found myself on a lovely little country road. On that road
was a little church where the faithful were involved in an outdoor snake
prayer fest. This was in 1970 or so. I'd bet that church is long gone by now. For the first year we lived in Florida, not a week went by without some
uninvited church representatives knocking on our door and asking all
sorts of questions they had no business asking. They really were obnoxious. |
HK
May 12
|
| Interesting story. Q: Was your wife on board in the deal from the start,
or did you initialize it with the seller, lay the groundwork, and then
tell her?
JR
|
JR
May 11
|
| I told her we'd settled on a price and had gotten a realtor to draw up
a contract. I thought she knew I was totally serious. In the past,
she had few qualms about taking risks,in fact I married her because
she was a risk taker. This sudden bout of the "what ifs" completely
puzzles me. But you know, its just like the saying, "Women marry
hoping to change their men, men marry hoping their women do not
change."
Now she says, "I dont want to do anything that might jeapordize our
home in any way" which baffles the hell outta me. Whats the use of
having equity if you arent going to use it as leverage. I think that
having my own business for years has made me very casual about large
sums of money and about risk in general. Her profession of being a
public school teacher has emphasized low risk behaviour and covering
her ass at all costs (I am not sure we want this type of people
teaching our kids).
I feel like I got blindsided on this and am too embarassed to call the
seller back right now. Even though it was my wifes issues, I should
take blame for not reading her correctly. Sometimes the buyer has
problems they did not consider. |
oldfrogster
May 11
|
| Why not do the deal as a straight mortgage on the Wyoming property
rather than a home equity loan? |
Wayne.B
May 12
|
| We had someting similar happen to us, only it was the reverse. We made an offer on a two family - older couple wanted to retire to
Florida. They owned nothing on the house and it was a substantial
amount of money they would be making. The owners wife backed out of the deal on a bunch of what ifs. Turns
out that she actually didn't want to move to Florida - he thought that
was all she wanted to do. The best part was all this happened at the closing. :>) |
Short
May 12
|
| Yep, you had a communication failure. Lots of women don't like liens
on their home. Men too, and I'm one of them. Age has a lot to do
with it too. What younger people call leverage older people call just
plain debt. A lienless home is a real ace in the hole, but it's hard
to play it except on a real good hand. For many that hand can only be
replacing or improving the house. --Vic |
Vic
May 12
|
