Was 25 and super nervous, so when the realtor was like “oh yeah they just check for basic stuff, but I looked around and it looks great” I was like “Oh okay, this is so astronomically expensive every penny saved is good…”
Everything has been great as far as I can tell. House was built like 40 years ago but super well maintained it seemed and I’ve been super happy. But just curious if maybe I should hire someone to make sure there was nothing outstanding from back then, and no major issues have popped up in the last couple years like leaks/foundation issues, the like.
Is that crazy? Is it weird to call and be like “I’m not selling, I just wanna make sure there are no issues I need to address before they get worse”
Is there a certain type of inspector I should get? I know some inspectors are notoriously lazy.
Also I moved in 2 weeks before covid lock downs happened for time line stuff.
that realtor did you dirty. “I looked around and it was fine”?? please don’t use them ever again. that’s sketchy and dishonest. no reputable realtor without something to hide would say that. I would report them to the state realtor board.
get the inspection. and when it’s time to sell, get another one.
I mean 30 year old me recognizes that was a super weird thing to say.
25 year old me felt super over his head anyway.
But I’m getting an inspector! Don’t you fret!
Get it inspected. And next time you buy a house, try to get the seller to pay for the inspection as part of closing. They probably will.
@ericbomb Don’t get one now to make up for what you skipped back then, get one now as a checkup for what you might need to fix and for what you need to keep an eye on.
Uhhhhhh. You paid for a house without getting it inspected? I’m shocked you were able to get homeowners insurance without one.
The entire point of getting an inspection done is to save yourself money. Find someone local who’s thorough and have them go over the house and look for any issues, it’ll be cheaper to fix them now rather than after something fails and there’s major damage.
The housing market was silly for awhile. Lots of homes basically had a clause of “If inspection done, no sale”
Yeah, that’s a trap. We signed a letter of intent on one place and had an inspector run through it before we committed to an offer - it’s fortunate that we did too, there was serious water damage to the house that the owners were trying not to disclose.
The shit thing about the market for a couple of years is that properties were marked up by 40-50% over about 5y and many of them had next to no work done, or they got the Lowe’s sale flipper special and looked terrible after.
I’m not trying to give you shit here OP, you did what you did 4 years ago and you’re thinking of doing something about it now so it’s all good, but:
this is so astronomically expensive every penny saved is good…”
This is so astronomically expensive that I can’t imagine caring about 300 bucks to see if anything is horrifically wrong with it. Seriously folks, get an inspection if you’re buying a house! This would be like, I dunno, taking a job without talking to a single person who works there, except at least with the job you can quit without wasting thousands of dollars! The inspection could save your life!
It’s not crazy. You should get one every so often just in case. Better to find a small problem now than a big problem later.
I’m more shocked that you could buy the house without an inspection. My bank required one to give me a loan.
Lol yeah surprised inspection wasn’t required.
“Realtor said it’s cool” would be a red flag to most financial institutions and buyers. Like, now I’m suspicious as hell that OP got sold a lemon and just hadn’t realized it yet.
Well even the land itself is worth more than I paid, and 5 years of no problems is a great start. But will find a good inspector and see if I really did get that lucky!
Is the land actually worth more than the property or were you just told that? Because if that was actually true then the sensible thing would have been for a developer to have bought the property to demolish it.
If a property is on expensive land then the value of the property goes up. So I would be highly suspicious of that claim.
The land it’s on is “currently” more expensive than what I paid for it 5 years ago. Just recently got an appraisal done.
If I tried to buy this house now with my income the bank would laugh at me.
Sorry to anyone who didn’t buy a house pre - covid :(
Totally. Our house is worth almost double what we paid for it before the pandemic. And during one of the lockdowns, we refinanced to a 15-year mortgage at the same monthly payment as our 30-year had been. All of which means that if we were trying to buy this year, we’d be paying four times as much over the span of the loan.
Golden handcuffs, though. We can’t move for the next ten years now. Thankfully we don’t want to.
What? Refinancing means you have to stay at the home and can’t sell?
Not at all. We’re free to move whenever we like, legally. There’s nothing in the contract that says we can’t. But if we did, any mortgage we’d get wouldn’t have our current (really good) interest rate, and we’d have to pay post-2021 home prices for wherever we’d move to. Like I said, we’d end up paying four times as much over the span of the loan for an equivalently-priced home.
Which is a choice that we could make. But absent a really good reason to move that would offset that massive financial incentive to stay, we’re stuck here until we pay it off unless we’re willing to take that huge financial hit.
Be sure you get the inspector to state which things they believe must be 5 years or older and share the report on the Realtors Facebook page.
How did you buy a house at the age of 25? I can’t get past this.
I bought my first house at 23. It takes discipline and saving.
It takes having your parents giving you money. That’s what my parents did.
The difference is I don’t pretend that I earned it myself because not only is that unhelpful to everyone else it’s just intellectually dishonest.
My parents didn’t give me money to buy a house.
Get it inspected. It’s better and cheaper to fix any issues sooner rather than later.
