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Go North, Young Man


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#1 Doohickie

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Posted 08 February 2018 - 09:20 AM

Disclaimer:  I'm not really young.

 

We bought our home south Ft Worth/North Crowley suburban sprawl 20 years ago when we returned to Ft Worth.  It's been okay living here, but virtually everything we do (and all the bike rides I make) take us north of I-20.  We've talked about selling the place and moving north for almost ten years, and we're finally pulling the trigger.

 

We'll be signing paperwork in the next day or so to sell our house and buy another home about 4 miles north in the South Hills area, near Westcreek Drive.

 

We're kind of excited.  The new home is smaller than our old one (we want to downsize now that our sons are grown).  It will be a little more expensive than our old home though, because we're selling our current place "as-is".  One of the reasons we've hung onto it this long is that it needs updating and we just haven't gotten around to that.  The new home is already updated.  So the basic exchange is that we're paying the extra money to *not* have to put up with the hassle and dust of renovating our current place, and we end up much closer to the things we like to do. 

 

The new place is right along some of the bike routes I've used over the years, so I've been through this area at all times of day.  It's a pretty quiet neighborhood.


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#2 JBB

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Posted 08 February 2018 - 10:32 AM

Congratulations!  We're facing the same prospect.  Our current house needs a ton of updating (we've done some, but we're not even close to being finished) and we're looking to sell it as-is to upgrade to something updated with a more open floor plan.  We keep hearing that our house is perfect for the current market even needing so much work: nice, quiet, well-maintained neighborhood, the better schools in the district, and 4 bedrooms with a split master.  I feel like we can get more than double what we owe on it and close to double what we paid 15 years ago. 

 

I would like to get closer to work in FW, but we're looking to stay close to my wife's work which is also my daughter's school and my daughter's extracurricular activities.  Good luck on the move.  Were you able to sell and get into something else quickly or did you buy first and sell later?



#3 Doohickie

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Posted 08 February 2018 - 10:33 AM

Oh, and that also means we're moving out of Jungusland and into Zedahville.  ;)


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#4 Doohickie

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Posted 08 February 2018 - 10:37 AM

Congratulations!  We're facing the same prospect.  Our current house needs a ton of updating (we've done some, but we're not even close to being finished) and we're looking to sell it as-is to upgrade to something updated with a more open floor plan.  We keep hearing that our house is perfect for the current market even needing so much work: nice, quiet, well-maintained neighborhood, the better schools in the district, and 4 bedrooms with a split master.  I feel like we can get more than double what we owe on it and close to double what we paid 15 years ago. 

 

I would like to get closer to work in FW, but we're looking to stay close to my wife's work which is also my daughter's school and my daughter's extracurricular activities.  Good luck on the move.  Were you able to sell and get into something else quickly or did you buy first and sell later?

 

We're doing a simultaneous sell/buy thing.  The buyer has agreed to a leaseback of two weeks so we can move to the new place.


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#5 Austin55

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Posted 08 February 2018 - 12:40 PM

Congrats! You'll have to ride a few extra miles a day to make up for it 😊

#6 Doohickie

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Posted 08 February 2018 - 01:53 PM

Congrats! You'll have to ride a few extra miles a day to make up for it

 

Actually I'll probably make up for it by riding more frequently.  If I'm closer to the ride start it's less likely I'll cancel due to weather conditions (big difference riding home 3-5 miles in the rain, into the wind, than 8-10).


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#7 John T Roberts

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Posted 08 February 2018 - 09:30 PM

Congratulations!  I think you will like it in South Hills.



#8 Doohickie

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Posted 08 February 2018 - 10:11 PM

We're looking forward to it.

 

We received all the E-docs this evening.  Confusing as heck (when you're not used to them).  I need to call the realtor in the morning.


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#9 rriojas71

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Posted 09 February 2018 - 01:49 PM

E-docs are easy. You just adopt the initials and signature by the font provided and once you agree they work in place of a wet signing. Im a real estate agent and work with them all the time.

#10 Doohickie

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Posted 10 February 2018 - 11:54 AM

Except when they don't.  The realtor had to come out to my house because what he saw didn't agree with what I saw.  Had to do the main contract by hand.


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#11 Doohickie

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Posted 10 February 2018 - 08:06 PM

So we have a signed contract on our house, the seller of the other house responded to our offer, objecting to one of the terms and offering an adjustment to the sales price to remedy it, so pending everyone signing, we have a contract on the new house.

 

That leaves financing (ours should be fine, the other buyer made a cash offer), and the inspections.  This might happen.  :)


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#12 John T Roberts

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Posted 10 February 2018 - 08:21 PM

That sounds great, Doohickie.  You will have to change your location on the forum to 76133.



#13 Doohickie

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Posted 11 February 2018 - 10:27 PM

Inspection of the new place Monday morning.


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#14 Doohickie

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Posted 12 February 2018 - 05:34 PM

The inspection was a disaster.  The listing claimed "new electrical, new plumbing, 12" of attic insulation."  It was all lies.  The electrical that was new was sloppily done (didn't bother to put covers on junction boxes or nail them down!)  They ran a bunch of new plugs especially in the kitchen, but didn't hook up the grounds (even on GFCIs!).  They added two parts to the house:  an attached shed and a second bathroom.  They put flat roofs on both, but just ran the shingles down them and didn't put proper flat roofs on.  The new siding left a lot of gaps around features.  It was just a mess.

 

Looking at other homes tonight.


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#15 Austin55

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Posted 12 February 2018 - 05:45 PM

Ooph. Disaster averted though!

#16 PeopleAreStrange

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Posted 12 February 2018 - 06:15 PM

Ouch! :( Hate to hear that.


- Dylan


#17 JBB

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Posted 12 February 2018 - 06:28 PM

Yikes.  Sorry to hear that.  That's why I'm itching to sell mine as is and why I'm reluctant to go into anything older that's been remodeled.  We stopped in a builder's open house in a neighborhood we like over the weekend and I was floored at the prices.  I knew it would high, but I wasn't expecting as high as we found.  



#18 Doohickie

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Posted 13 February 2018 - 01:01 PM

Looked at four homes Monday night.  Two have potential, but my wife likes one and I like the other and I don't think we will agree on either one.

 

We have another half dozen or so to look at.  One is a bit above our price target but the location is fantastic, right in town.  It's been on the market a while so maybe they will consider negotiating the price.  Another isn't in our desired location, but is a bit closer for my bicycle rides (1-2 miles closer to ride starts), is a mile from my son's apartment, and a mile and a half to the CTP which would be good for my wife's commute.  It looks to be in good shape, has a nice covered back patio, and is a little bigger than the one we turned down.

 

I'm hoping we can see both tonight.

 

I'd like to get back on track by the end of the week.


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#19 Doohickie

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Posted 13 February 2018 - 01:26 PM

Hey, does anyone know what the city code is regarding putting a garage on a corner lot?  (i.e., put a driveway on the side of the yard, rather than the front)... on an existing home?


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#20 Doohickie

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Posted 13 February 2018 - 04:38 PM

We just found a house that, while a bit smaller than we want, is next door to a friend of mine, and across the street from another friend.  Interesting....


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#21 Doohickie

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Posted 14 February 2018 - 12:03 AM

Yeah... too small.

 

We saw one house tonight that would be excellent, but the neighborhood is "meh."  My wife found a For Sale By Owner on Trulia that we want to look at tomorrow.  If that house looks good we will put an offer on it; if not we'll probably go for the "meh" neighborhood house.


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#22 mmmdan

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Posted 14 February 2018 - 11:14 AM

It's quite a job looking for a house.  Both times I have gone house shopping, my wife and I looked at over 20 houses before finding "the one."

 

Good luck.



#23 Doohickie

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Posted 14 February 2018 - 11:23 AM

Looks like the "meh" house it is.  Realtor is writing up the offer.


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#24 JBB

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Posted 14 February 2018 - 11:26 AM

We looked at more than 50 houses over the course of a month when we bought ours.  It was agonizing.  It was 2003 and it was a buyer's market with tons of inventory available.  We saw some bad houses.  I mean really bad.  We only saw 3 houses that I would have even considered making an offer on and even the one we ended up buying still needed a ton of work.  I could have started a blog about bad house renovations: a vacant house where each bedroom had massive smoke and fire damage to the walls and carpets, same house had all of the built in appliances painted fire engine red, a beautiful, updated house on a huge corner lot that was underpriced - we discovered why when we saw that entire house had white marble tile with royal blue grout, the house we bought had the entire living room lined with heavy duty cedar plank shelves. 



#25 Doohickie

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Posted 14 February 2018 - 07:10 PM

After writing up the offer, I think we're changing our minds.  Again.  We had some questions about another house (age of AC & roof, foundation repair/warranty), and may jump on a different house.  The house itself isn't exactly what we want, layout-wise, but it's close and we could make some minor changes I think.  But we like the location better than the "meh" house.


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#26 Thurman52

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Posted 14 February 2018 - 07:45 PM

As a realtor and investor there are lots “HGTV” specials out there. The more you see the more confidence you will get. The downside of this hot market you don’t get much time to think before someone else snaps it up, which in turn generates more to try their hand at flipping.

#27 Doohickie

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Posted 15 February 2018 - 08:31 PM

We put an offer on another house tonight. Let's see if it gets accepted.
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#28 Doohickie

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Posted 16 February 2018 - 07:49 PM

Well, let's see if we do better this time.  Our offer was accepted.  Pending inspections (the buyer hasn't inspected my house yet!) and financing, we will be living in South Hills come March.


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#29 Doohickie

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Posted Yesterday, 09:51 AM

The inspection on the house we're selling was supposed to be last week but the inspector didn't show.  They've got it rescheduled for this Wednesday.  At that point we should know whether they're going to try to lower their offer (the house is as-is, so we won't be doing any repairs, but I fully expect them to try to cut things back a bit.  A little is okay, a lot will sink the deal).

 

Meanwhile, the inspection on our new place is this afternoon (fingers crossed all around).


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#30 Doohickie

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Posted Yesterday, 08:37 PM

The house needs some updating, particularly on the electrical system and windows (original windows, mostly painted shut), but overall it's in good shape for a house 60+ years old.


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