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Thread: Real Estate Crash thread
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11-25-2021, 10:04 AM #19076
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11-25-2021, 10:11 AM #19077
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11-25-2021, 10:20 AM #19078
It's a crapshoot, but even when painted, I've had good luck with the following:
Aggressively run a wallpaper perforated on the popcorn & soak with a garden sprayer. Do this multiple times over a few days. Then soak it one more time as you scrape it with a drywall knife.
I'll leave it up to ya'll to figure out the OSHA guidelines, what professional remediation looks like and the differences in concerns between a contractor and a homeowner.
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11-25-2021, 11:05 AM #19079
Western Analytical Lab https://www.asbestostesting.com
To add to whyturn's list:
If there's a forced air furnace, turn it off. Cover all heating vents and the cold air return with plastic, and tape.
Doing one room at a time and sealing the room off from the rest of the building is a good idea. Open window with a box fan drawing outward it isn't a bad idea either (depending on what's out there). The pros have to filter it, but wet popcorn isn't going to float around much.
If you're disturbing friable material, spend the money on a good mask: https://multimedia.3m.com/mws/media/...ochure-pdf.pdf
Double bag and tape all of the removed material. If you're doing it the legal way (by taking it to a facility that accepts hazmat) it must be labeled as well.
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11-29-2021, 04:20 PM #19080Registered User
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11-29-2021, 04:42 PM #19081
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11-29-2021, 05:04 PM #19082Registered User
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11-29-2021, 05:42 PM #19083
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11-29-2021, 06:04 PM #19084
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11-29-2021, 08:37 PM #19085
I remodeled a condo this year for a client that had popcorn everywhere. Use visqueen for the floors and painter plastic to cover the walls. Spray it down with a pump sprayer of water with palmolive dish soap. Let it soak in each section for about 15 minutes. Don't do more than say 30sf at a time. Big scraper. Put on some good tunes. Embrace the suck for 3 or 4 days. Texture. Paint.
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11-29-2021, 08:46 PM #19086
I don’t know how the people accomplished it, but having all the popcorn and orange peel smoothed out in my home was one of the best investments. So much of home maintenance and repair is invisible and this is instant gratification.
Anyone doing a remodel or repainting should strongly consider it.
iirc It wasn’t really that expensive relatively speaking eitherskid luxury
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11-29-2021, 09:40 PM #19087Registered User
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11-29-2021, 10:58 PM #19088
I talked to an agent in Waldport, OR this weekend. He said decent properties in the Waldport/ Yachats/ Seal Rock areas are going under contract in 3-5 days. Hyperbole?
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11-29-2021, 11:23 PM #19089Registered User
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11-30-2021, 11:24 AM #19090
I did a few RE transactions for family and friends in 2016-2018 and it seemed like it was that way back then. Now anything under $800k has gone full retard in San Diego. I can not even begin to wrap my head around market prices now and I am so glad I don't have to deal with that issue anymore. To the mags buying...vibes.
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11-30-2021, 11:43 AM #19091
Real Estate Crash thread
Been that way for years in and around Boston up to ~800k. The pandemic pushed that activity to the $1.5M range for single families (some city condos too), even ~$2m in the toniest of towns/neighborhoods got really competitive. This past spring it felt like buyers were bidding as if their life depended on it. That’s cooled down a bit on average, think selling for 4-8% over asking, maybe with a contingency, vs 10-20% over list price with no contingencies and an open closing date. Some towns/neighborhoods haven’t cooled off at all.
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11-30-2021, 12:19 PM #19092Registered User
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We could have been under contract in a day but gave it a week to get more offers. Seems silly to accept the first offer when you could get higher ones if you give it a while. We ended up under contract for 10% over asking.
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12-06-2021, 12:54 PM #19093Registered User
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Listed this past Saturday with an offer review date of Sunday, pending today.
https://www.redfin.com/WA/Bellingham.../home/15762903
Cause who needs more than 1 day to figure out if they want to buy a house and get their offer together?
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12-06-2021, 01:00 PM #19094
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12-06-2021, 01:15 PM #19095
So, a new way to stage your house. Hire white people to fake it
A Black couple says an appraiser lowballed them. So, they ‘whitewashed’ their home and say the value shot up.
https://www.washingtonpost.com/natio...white-washing/
Paul Austin said he felt good as the appraiser roamed his Northern California home last year, ticking off some of the $400,000 worth of improvements he and his wife had made to the property.
The appraiser noted the new fireplace, Austin told a state reparations task force in October, mentioned a room they’d added and complimented the view from the new deck.
So Austin and his wife were shocked when the appraiser pegged the value of their Marin City home in the San Francisco Bay area at $995,000, far lower than previous appraisals.
“It was a slap in the face,” Austin told KGO-TV in February.
Austin and his wife, Tenisha Tate-Austin decided to get another opinion three weeks later, they say in a lawsuit filed Thursday in federal court in San Francisco. This time, they enlisted the help of their White friend Jan who agreed to pretend to be the homeowner for a different appraiser, the lawsuit alleges. The Austins “whitewashed” their house by removing their family photos and stripping the walls of their African-themed art. Jan helped on this front, too, by staging photos of her own family, the lawsuit states.
The new appraisal came in at $1.48 million — nearly a half-million more than the previous estimate.
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12-06-2021, 01:32 PM #19096Registered User
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Well...very central location, the inside of the house was not bad, but small lot and kind of ugly from the outside, with a mirror image ugly house next door. But yeah, with your CA glasses on, I guess it looks pretty good.
We thought things would slow down as we get into the holidays, but in fact, I think the # of listings dropped more than the # of buyers, so there are actually now more buyers per house than in the summer / fall. Oh well, if worst comes to worst, our house in PDX is pretty nice and more or less done.
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12-06-2021, 01:34 PM #19097
They already had the buyer, and it's near certain that they're represented by the same office.
The NWMLS requires that listings must be public. Otherwise, if you listed with Prevaricating Pete's Properties, he'd only share them with his clients and associates - and get both sides of the deal. So to get around this Pete puts it on the MLS with an unreasonably short time frame.
And if somehow an offer comes out of the woodwork, now they have a bidding war. Win/win! (except for the buyer)
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12-06-2021, 03:12 PM #19098Registered User
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12-06-2021, 05:27 PM #19099
Appraisals are worth about the price of the paper they're printed on. It's not unusual for values to wildly vary on appraisal depending on what the specific purpose of the appraisal is.
Purchase (loan)? pro tip, they almost always come in exactly at the purchase price! Go figure!
Estate evaluation?
Pre-listing appraisal?
The proof will be in what that house actually sells for. That said, I have little doubt that racial bias comes in to the process more often than we'd like to admit.
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12-06-2021, 05:29 PM #19100
This. And those fucking brokers are screwing their sellers. I fucking hate seeing that shit. And it's illegal as fuck (violation of the fiduciary obligation to the client). Tough one to prove in court though. Gotta expose it to the marketplace for a reasonable amount if time, especially in this market. Don't EVER let your broker tell you selling it like that is the right thing to do.
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