Search found 176 matches

by eagleeyes
Mon Jul 13, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing new build spec house. Question about allowances
Replies: 6
Views: 474

Re: Purchasing new build spec house. Question about allowances

They seem a little on the low side to me for a $1.7M home. I'd have to go back and look at the contract but I'm confident we outspent you in most and maybe all of those categories with a slightly less expensive project. But maybe the difference is materials only. The usual case with allowances is y...
by eagleeyes
Mon Jul 13, 2020 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing new build spec house. Question about allowances
Replies: 6
Views: 474

Re: Purchasing new build spec house. Question about allowances

They seem a little on the low side to me for a $1.7M home. I'd have to go back and look at the contract but I'm confident we outspent you in most and maybe all of those categories with a slightly less expensive project. But maybe the difference is materials only. The usual case with allowances is y...
by eagleeyes
Mon Jul 13, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing new build spec house. Question about allowances
Replies: 6
Views: 474

Re: Purchasing new build spec house. Question about allowances

Buying a 1.7 million dollar house. 5000 sqft. 6 baths. 5 beds. Started as a spec home, but was put on the market if there was interest. I am interested. Now it’s turned into presale home and we have allowances. What do you all think about these allowances? Appliances: 20k Lighting: 10k Tile: 8k Plu...
by eagleeyes
Sun Jul 12, 2020 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing new build spec house. Question about allowances
Replies: 6
Views: 474

Purchasing new build spec house. Question about allowances

Buying a 1.7 million dollar house. 5000 sqft. 6 baths. 5 beds. Started as a spec home, but was put on the market if there was interest. I am interested. Now it’s turned into presale home and we have allowances. What do you all think about these allowances? Appliances: 20k Lighting: 10k Tile: 8k Plum...
by eagleeyes
Sun Jul 05, 2020 7:07 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10017

Re: 51 year old physician

For starters, it would be helpful to know:

Student loan status
Home mortgage status
Car debt
Disability/life insurance
General salary range
Specialty
Lots more...you get the idea.
by eagleeyes
Sat Jul 04, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Employer not paying unused PTO after termination
Replies: 22
Views: 3099

Re: Employer not paying unused PTO after termination

You have the leverage here. They won’t give you PTO. Use up all your sick time and PTO. Call in sick. They are going to replace you in 3 weeks anyway. If you leave early, it would wreak havoc on the pharmacy. When they ask you to come back demand concessions. If not, atleast you still had 3 weeks off
by eagleeyes
Fri Jul 03, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 151
Views: 9173

Re: Share your budget

Sorry if I missed it

Things to consider adding.

Umbrella insurance
Life insurance
Disability insurance
by eagleeyes
Wed Jul 01, 2020 3:21 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 4970

Re: Buying house without realtors

We are in process of purchasing a 1.7 million dollar home. Not having a realtor can cause some friction. Particularly during negotiation. But having a realtor add some lubricant was going to cost me 50k. I don’t think they were doing extra work from when I bought a 500k house. How come the commissio...
by eagleeyes
Sun Jun 28, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Seller did not make agreed upon repairs; closing in 2 days
Replies: 55
Views: 5759

Re: Seller did not make agreed upon repairs; closing in 2 days

Darden,

Wow. The sellers are showing good faith indeed. Kudos to them for apologizing and agreeing to keep money in escrow. I didn’t think they were trying to pull a fast one. Turns out they were just slow, probably because they are 90.
by eagleeyes
Thu Jun 25, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

It’s nice to have a realtor that can look. We just don’t have that relationship. Also, waiting five years might to issues at home
by eagleeyes
Thu Jun 25, 2020 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Some clarification: are you looking for a non-cookie cutter house (exterior/rooms) OR are you looking for a cookie cutter house but with all the interior finishes you want (not cookie cutter)? If it's the former go the architect route. If it's the latter how about buying a "vanilla" house that has ...
by eagleeyes
Thu Jun 25, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Htdrag, Your right. No guarantee that 400 $/sqft house is better than 200 $/sqft house! I mentioned above we are in talks for offering on the spec home for 1.7. I had a disconcerting chat with the realtor. I asked for final plans, specifications, designs, and allowances to attach to the offer. Other...
by eagleeyes
Wed Jun 24, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home during construction: earnest money
Replies: 9
Views: 737

Re: Buying a home during construction: earnest money

Watty wrote:
Wed Jun 24, 2020 8:27 am
For a purchase this large you should be using a lawyer that specializes in real estate and they should know what is customary in your area.

Will check with our lawyer. Good suggestion.
by eagleeyes
Tue Jun 23, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home during construction: earnest money
Replies: 9
Views: 737

Re: Buying a home during construction: earnest money

All, Thank you for reading my prior posts waxing poetic about the difficulties of purchasing a tear down lot. Anyway, we are going to make an offer on a spec home. What is the appropriate of earnest money the builder will want? On an existing home, we are used to 1%. But I would imagine a builder w...
by eagleeyes
Tue Jun 23, 2020 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home during construction: earnest money
Replies: 9
Views: 737

Re: Buying a home during construction: earnest money

8foot7 wrote:
Tue Jun 23, 2020 8:33 pm
Our builder asked for 3% but was flexible on timing.
I’ll start with 2 and see how he takes it.
by eagleeyes
Tue Jun 23, 2020 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home during construction: earnest money
Replies: 9
Views: 737

Buying a home during construction: earnest money

All, Thank you for reading my prior posts waxing poetic about the difficulties of purchasing a tear down lot. Anyway, we are going to make an offer on a spec home. What is the appropriate of earnest money the builder will want? On an existing home, we are used to 1%. But I would imagine a builder wh...
by eagleeyes
Mon Jun 22, 2020 8:11 pm
Forum: Investing - Theory, News & General
Topic: Top 10 Things Bogleheads Get Wrong - White Coat Investor
Replies: 143
Views: 13676

Re: Top 10 Things Bogleheads Get Wrong - White Coat Investor

"Guess what? Doctors are expensive. If the bill is accurate and your insurance company has paid its portion, then it’s time for you to pay your portion. If you don’t like the deal you made with your insurance company or the deal the insurance company made with the doctor on your behalf, then go to ...
by eagleeyes
Mon Jun 22, 2020 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2232

Re: Do Bogleheads even need life insurance?

Insurance is pretty cheap. Just buy it. I took out a 30 year term policy 21 years ago. It is cheap. Truthfully, I don’t need it anymore. But I keep paying the annual premium, because it seems a shame to stop now. I think you should definitely keep paying it. You are in the sweet spot of the insuran...
by eagleeyes
Sun Jun 21, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Why can’t you find a neighborhood and lots you like and send letters yourself? You can offer more to the home owner since you don’t charge a commission. If you want to go the realtor route you will need to talk to friends and others to get names. Then interview and see what they say. It is a bit of...
by eagleeyes
Sun Jun 21, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

mouses wrote:
Sun Jun 21, 2020 4:41 am
eagleeyes wrote:
Fri Jun 19, 2020 7:12 pm
neighbors are nice but a little close for comfort (half acre lots).
Some people would call this a neighborhood.

Lol. You are right. But when I’m going to bed at night I don’t like hearing what movie my neighbor is watching in their screened porch.
by eagleeyes
Sat Jun 20, 2020 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Cost to develop a city lot
Replies: 16
Views: 1641

Re: Cost to develop a city lot

$150/sqft seems to me a very conservative estimate. There are a lot of online websites staffed by architect and draftspeople. They can come up with a plan for you or you can look through and find something you like. Be specific on the filters and it will help narrow down plans. The sites will genera...
by eagleeyes
Sat Jun 20, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

This is very challenging process. My wife and I are waffling. Now we are wondering if we should just scrap the building a custom home plan because we can’t really compete with the big boys and buy the 2 million dollar spec we were originally thinking about. I am quite anxious about buying the spec h...
by eagleeyes
Sat Jun 20, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

How quickly do sales become public information? I would look for builders that have purchased tear-downs with the intention of building a spec home, then get inside that planning loop and have them build your custom home instead of the spec house. Takes a lot of risk out of it for the builder. You ...
by eagleeyes
Fri Jun 19, 2020 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Here is kind of what we are thinking now. We go ahead and bid on the ongoing house construction I mentioned upthread. Buy the 2 million dollar house. It will be done around thanksgiving or so. Meanwhile we Hire a realtor to look for a property until then. If the realtor finds something before thanks...
by eagleeyes
Fri Jun 19, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Why can’t you find a neighborhood and lots you like and send letters yourself? You can offer more to the home owner since you don’t charge a commission. If you want to go the realtor route you will need to talk to friends and others to get names. Then interview and see what they say. It is a bit of...
by eagleeyes
Fri Jun 19, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Should we get get one of the many realtors that we met along the way? Acquire the lot with them and then approach the builder? Alternatively, should we find the builder we will use, and have them use their team of realtors to find a lot? I suspect this route may be more expensive as the builder wou...
by eagleeyes
Fri Jun 19, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

Tear down your existing home and rebuild??? Sorry if I missed a point where that isn’t realistic. I would love to stay in our current home. Negatives include it’s on a major thoroughfare, very sloped front driveway and yard (wife is afraid to make left turns out of our driveway), neighbors are nice...
by eagleeyes
Fri Jun 19, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

If you are serious about finding something, I would find a realtor I really like who is super well connected and give her a larger than normal spiff on both my lot purchase and my home building. Maybe even give her a POA to make an offer on a lot (depending on your specifications), and be a cash bu...
by eagleeyes
Fri Jun 19, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Re: Interviewing buyers realtor; confused

F150HD wrote:
Fri Jun 19, 2020 10:56 am
Seeking a custom fit in an off the shelf world.
May be best working further on the original plan, or buying an already exiting home.
Agreed. If there was a glut of homes with most of the specifics we are looking for, we would pounce. However we haven’t found that yet.
by eagleeyes
Fri Jun 19, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing buyers realtor; confused
Replies: 38
Views: 3809

Interviewing buyers realtor; confused

All, Thank you for the replies to my earlier post regarding buying a spec home during a build. We ended up not buying the house as we were just compromising too much for a 2 million dream home. While the yard and neighborhood were great, the home was just “ok.” The builder was as expected, not excit...
by eagleeyes
Sun Jun 14, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1001

Re: Buying a new house during construction

[quote=eagleeyes post_id=5312559 time=<a href="tel:1592100322">1592100322</a> user_id=49939] Additional information Demolition permit issued: Feb 20, 2020 Architect finalized plans: March 30. Addended april 15 Building permit issued: May 29 2020. Not sure if that is accurate. Because the foundation...
by eagleeyes
Sun Jun 14, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1001

Re: Buying a new house during construction

[quote=eagleeyes post_id=5312559 time=<a href="tel:1592100322">1592100322</a> user_id=49939] Additional information Demolition permit issued: Feb 20, 2020 Architect finalized plans: March 30. Addended april 15 Building permit issued: May 29 2020. Not sure if that is accurate. Because the foundation...
by eagleeyes
Sat Jun 13, 2020 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1001

Re: Buying a new house during construction

[quote=eagleeyes post_id=5312345 time=<a href="tel:1592090503">1592090503</a> user_id=49939] Looked at a new home build in a good neighborhood and on a nice flat lot. These are hard to find in our area under 2 million. The home still in the early in building process. The studs and roof have been pl...
by eagleeyes
Sat Jun 13, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1001

Re: Buying a new house during construction

Is the owner an owner/builder/General Contractor? Builder purchased the lot, tore down the house, and started building a new place. Is the owner a R/E Speculator/investor having the home built to specs (spec house)? i believe he is building a house according to architects plans. I believer the its a...
by eagleeyes
Sat Jun 13, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1001

Re: Buying a new house during construction

We bought a new house while only the slab was on the ground. Typically the builder of a tract has model homes of what the finished product will be (either at the same tract or a nearby tract where the same floorplans are being used. You just put down a goodwill deposit (refundable) on the lot/house...
by eagleeyes
Sat Jun 13, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a new house during construction
Replies: 12
Views: 1001

Buying a new house during construction

Looked at a new home build in a good neighborhood and on a nice flat lot. These are hard to find in our area under 2 million. The home still in the early in building process. The studs and roof have been placed. No walls or anything. Anyway, my question is what kind of pitfalls do I need to be on th...
by eagleeyes
Tue Jun 02, 2020 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Reputable Term Life Insurance Broker
Replies: 17
Views: 1070

Re: Reputable Term Life Insurance Broker

Lawrence Keller. Based out of NYC. His group is called ohysician financial or something rather.

Bought 3 Life insurance policies and 2 disabilities from this group. Fast, accessible, responsive, and quite knowledgeable
by eagleeyes
Mon Jun 01, 2020 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Reputable Term Life Insurance Broker
Replies: 17
Views: 1070

Re: Reputable Term Life Insurance Broker

Term life ins is a commodity. You don’t have to worry about unscrupulous agents. You already know how much it’s going to cost on term4sale.
by eagleeyes
Mon Jun 01, 2020 11:56 pm
Forum: Personal Investments
Topic: New business doing well, need advice on how to maximize!
Replies: 3
Views: 449

Re: New business doing well, need advice on how to maximize!

Family business. Can you hire your kids? To do real jobs? That could be pretty beneficial. Not sure if or how much money it would save you, but may be worth checking
by eagleeyes
Mon Jun 01, 2020 11:54 pm
Forum: Personal Investments
Topic: New business doing well, need advice on how to maximize!
Replies: 3
Views: 449

Re: New business doing well, need advice on how to maximize!

I would think about adding an HSA for biz. That’s an extra 7k a year Also consider a cash balance plan. Please note I don’t really know the underpinnings and logistical requirements for this option, just that I had one and it was nice in the bull market. I was packing away more than I did for my 401...
by eagleeyes
Mon May 25, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18234

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

could be poor public schools. Could also be high income parents who would send their kids to PS anyways. I have to say, I’m sure Bay Area living is pricey, but do you really have to stretch to accommodate 20-40 in your budget? Seems like it shouldn’t be hard. Perhaps a hard look at the budget may he...
by eagleeyes
Mon May 25, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Online Lenders / Mortgages
Replies: 5
Views: 652

Re: Online Lenders / Mortgages

Ive used an online lender for a refinance. It closed as promised, but there were a few hiccups. Important to have a loan rep who is responsive. for a home purchase in a hot market, I would recommend getting rates from a few mortgage brokers and few banks. Online banks will typically beat the brick a...
by eagleeyes
Sun May 24, 2020 8:40 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3759

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

Not sure what the trash talk in the family is all about. Of course when people are in school, they don’t have a stable income. Maybe try to tune out the trash talk. It’s harmful. Just remember, the trash talk won’t stop once they have a new car. Then it’ll be their house. Then it’ll be your spouse....
by eagleeyes
Sun May 24, 2020 1:31 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3759

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

As an aside, my parents were pretty middle/lower middle class. They raised three Uber successful kids. That’s brings them so much more pleasure than a car ever would. However the car is a nice thought!
by eagleeyes
Sun May 24, 2020 1:28 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3759

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

Not sure what the trash talk in the family is all about. Of course when people are in school, they don’t have a stable income. Maybe try to tune out the trash talk. It’s harmful. Just remember, the trash talk won’t stop once they have a new car. Then it’ll be their house. Then it’ll be your spouse. ...
by eagleeyes
Sun May 24, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 81
Views: 3759

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

I would employ the multiple email method that has been espoused here in BH. Save your local dealerships for last. Best to negotiate with in town dealers last to make them match or beat best online offer... Negotiating becomes complicated by these packages that you want, which makes it difficult to c...
by eagleeyes
Sat May 23, 2020 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Servicer Changing from Cenlar to Ally Bank
Replies: 8
Views: 680

Re: Mortgage Servicer Changing from Cenlar to Ally Bank

Believe there is a federal law that doesn’t allow late penalty for payment being sent to the wrong company in the first 60 days after loan changes ownership
by eagleeyes
Wed May 20, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6434

Re: Healthcare post COVID-19

I think NP/PA can thrive in a limited scope of practice. They certainly have a role in medicine. But they come with limitations. I personally would not allow a mid level to examine me or my family members. Just wouldn’t happen. In dermatology, Most NPs/PAs would likely have higher biopsy rates, high...
by eagleeyes
Wed May 20, 2020 11:02 am
Forum: Investing - Theory, News & General
Topic: Healthcare post COVID-19
Replies: 66
Views: 6434

Re: Healthcare post COVID-19

The erosion of medicine is a complex and nuanced topic. Many factors and moving parts come into play. Somethings to think about. The corporatization of medical fields including dermatology, anesthesia, radiology, and others specialists results in tremendous pressure on these groups to produce. Erosi...