The Real Estate Thread: Buying/Selling/Tips/News

[SaintGoblin]

Reminds me of when I was house-hunting a while ago and nearly lost a place I loved because the listing was pulled right before I made an offer. It’s tough out there! Speaking of dream homes, I recently stumbled upon XX. It’s in such a serene setting, nestled in nature. Makes me think about what it would be like to live in a peaceful place like that, far from the usual rush.

[Sloppy Dupree]

Thank you, SaintGoblin.

[96583UP]

Home Insurance tip:

A lot of people add scheduled personal property to their policy (e.g. Jewelry) to provide coverage in the event of loss

but

if you ever file a claim for that lost jewelry - the premium on your annual insurance policy could 2-3x ... so weigh carefully the cost of out of pocket replacement v. potential annual cost increases

also

if you have two losses within a 3-5 year period, most conventional home insurers will drop you. you'll have to find a secondary / custom insurer (surplus lines), which if they will take you, can cost another 2x-5x more

so even more reason not to file the claim

filing loss events for personal property on a home insurance claim is almost up there with having a bankruptcy on your record

so be very careful if you do it


Note: This message brought to you by an internet account that might not be human, and should not be relied upon. Not Financial Advice

[Sloppy Dupree]

I have to fix a big fence problem. Wish me luck.

[96583UP]

godspeed ser

[spike]

The agent who applied for our rental got it, though it’s too late to cancel today’s open house, so I still have to hide our valuables and make myself scarce. Kinda stupid.

She’s looking to move in like April 12, which may be a little too soon for us to get all our ducks in a row. But perhaps the following week will be the target. Sounds like it’ll all be workable and we’ll be in the new place sometime mid month. Let the packing begin, ugh.

[96583UP]

godspeed ser

[spike]

Might start popping Advil now to soothe my back.

[bodysnatcher]

Homes are just storage units you can live in

[doug rr]

and have fried okra left at your door

[spike]

finally got word my foreign stamp duty exemption came through, so we can move forward with settlement on the new house.

now to finish packing and getting a mover scheduled.

[Sloppy Dupree]

Any smart people know how these tariffs will effect home prices? I think we have some economists here.

[spike]

jfc, setting up services for a new build with a new address (old property was spilt into two new) is a pita.

anyway, settlement is tomorrow afternoon, then we get the keys. i’ll move some stuff over tomorrow evening, then more on thursday after i drop off the kid at her grands for a few days. moving day is friday.

[Higgs]

jfc, setting up services for a new build with a new address (old property was spilt into two new) is a pita.

anyway, settlement is tomorrow afternoon, then we get the keys. i’ll move some stuff over tomorrow evening, then more on thursday after i drop off the kid at her grands for a few days. moving day is friday.

Settlement day is exciting. Congrats again spike. Hope moving isn't too stressful.

[Higgs]

finally got word my foreign stamp duty exemption came through, so we can move forward with settlement on the new house.

now to finish packing and getting a mover scheduled.

Is that so you don't get slugged the additional 7% as a (gasp) foreigner?

You still pay standard stamp duty though, yes?

[spike]

finally got word my foreign stamp duty exemption came through, so we can move forward with settlement on the new house.

now to finish packing and getting a mover scheduled.

Is that so you don't get slugged the additional 7% as a (gasp) foreigner?

You still pay standard stamp duty though, yes?

Yes exactly. It’s not like I’m Chinese haha.

But turns out that was a waste of time, as the bank handling our mortgage won’t allow someone without permanent residency to be named on the loan, which means I can’t be on the title either, so it’ll be under my Aussie wife’s name only for now. Would’ve been nice if they’d have let us know that three months ago when we went through the preapproval process. Honestly, this whole thing has been clunky and slow af compared to how it flows in the US. Just another one of the many exhausting learning curves of a new land.

[spike]

fuuuuck got the welcome packet from our energy provider and they fucked up our address. it never ends.

[tragabigzanda]

Where will spike expatriate to next??

[tragabigzanda]

Also why don’t you have permanent residency? Is that part of the plan or what?

[spike]

Where will spike expatriate to next??

probably france