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All Forum Posts by: Nancy Fortenberry

Nancy Fortenberry has started 5 posts and replied 16 times.

Post: Seller agent ignored appraiser report

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

Thank you all for your input! We had an agent and have dropped her. I found her to be lacking in a number of areas.  We walked away from this property as I thought losing $1,000 was better than losing $25,000.  I am going to check into getting our deposit back with a demand letter. 

This home is still on the market.  If the sellers get a new agent, we might consider giving it another shot. ONLY if the square footage is changed.  In this town, square footage rules! We are looking at a couple of other options. 

Post: Seller agent ignored appraiser report

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

We were almost closed on a house when we got the appraisal report. The square footage of the house was off over 300 sq, ft. The selling agent ignored the report and would not discuss anything with us. Instead, he just said we defaulted on closing and kept our $1,000.  He knew we were buying the house for investment purposes.  The house was advertised as 3,050 sq. Ft., when in actuality it was only 2,745 sq.ft.   This made a huge difference in resale value, so we wanted a reduction in purchase price. He said we were just trying to rip the owners off! Really? We didn't measure the property, the accessor did. The report was correct and the selling agent put it back on the market at the wrong measurement. If we had gone through the purchase, we'd have lost a lot of money.  I'm so PO'd right now.  This agent is a jerk. Is there anything we can do?

Thanks for any insight on this matter. 

Post: Vinyl flooring thoughts

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3
Originally posted by @Kyle Eckert:

@Nancy Fortenberry good way to test the hardness of a floor, I will keep that in mind.

@Andrew Johnson thanks for the input.  I will take texture into consideration when we go to redo the floors.

 Lol, the scissors were handy, I usually use a wood screw. The porcelain plank is great and easy once you get the hang of it. The vinyl is easier, especially the ones with glued seams.  The latter is my favorite to put down and the easiest to patch.  I used a product like Mop and Glo on the vinyl and scratches disappeared.  Works on laminate too. 

Also, we use a chop saw to cut all flooring. 

Post: Vinyl flooring thoughts

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

I took some scissors and tried to scratch a porcelain plank sample....couldn't do it. That stuff is extremely durable. Better than vinyl plank as vinyl plank will scratch.  

Post: Turn large bath into two baths?

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

Will, the cost would be minimal. Maybe 2 Grand extra at the most.  I've designed it in such a way that the extra cost would not be much.  I'm still on the fence.  Numbers will decide.  I've been studying the comps too.  Thanks for the advice.  I may just do as you say   

Post: Turn large bath into two baths?

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3
Originally posted by @Jaysen Medhurst:

@Nancy Fortenberry, agreed, just make sure you look at local comps in the area. I live in an expensive area and most of the high-end home have bedrooms with en suite baths. That's just the market. If it isn't what you see in your area, you'll be wasting money to add an extra bathroom

thanks for your input! It's more common in the larger homes.  I just want this home to be the best. Like the larger homes with all the bells and whistles....just not so big.  I personally would love to keep this home. It's the perfect size. It's lot is twice the size of most the homes in this area (larger homes included). Open the front door and across the street is the golf course, beautiful trees and a pond.  Very private back yard too! 

Post: Turn large bath into two baths?

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

Brian Pulaski, I would not do it if I couldn't profit from it period. My question was more about preference.  Sorry I wasn't clear on that.  I appreciate your input. 

Anthony Angotti, thanks for your help. I suppose I'm not sure which customer base I'll have more of.  Now where did that crystal ball go? 

Post: Turn large bath into two baths?

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

We are in Escrow for a 3,000 sq,ft. Home that has over sized rooms. It is 3 bed 2 1/2 bath with an office/bedroom.  The upstairs is all master suite. Downstairs full bath is huge! I could easily make two baths and wonder if I should? This would give both bedrooms downstairs their own bath, leaving the 1/2 bath for guests.  One bedroom already has access to this large bath with another door in hallway.  Therefore, not a true guest suite.  This is in a country club neighborhood.  It was an Estate sale and we got it for a great price.  Previous owners had builder grade finishes as they were retirees who wanted to watch their pennies....as far as I can tell.  Extremely clean and well taken care of.  

High end finishes with many extras will go into and outside this house.  Pool needs minor repair according to pool man who has been caring for this pool for quite some time. Sprinkler system and alarm system in working condition. 

It seems to me that 2 baths in place of the one would be a selling point and we'd still have a really good profit.  Inspection was about as good as it gets with very little minor fixes. 

While I have y'all here, here's one more question....should I stage the extra room as an office or bedroom? It has built in shelves that I'll be tweaking by adding a desk to.  Maybe put a daybed instead of regular bed?

Thanks in advance for your help!

Post: Is luxury vinyl plank truly waterproof

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

We've only used the ones with glued seams. They are easy to put down and are about as water proof as you can get without being a solid piece of vinyl.  We got ours from Home Depot and we're very pleased with the results. If there is cracks....liquid can find a way to seep through.  You've got to wipe liquid up quickly! Hope this helps. 

Post: Best place to get appliances for flips in Texas?

Nancy FortenberryPosted
  • Investor
  • Normanna, TX
  • Posts 17
  • Votes 3

Thanks Bart! I agree with you.  I'm a pretty good shopper. I bought a $600 great reviews wine cooler for $180.  Shipping was free.  I grab things that are good quality only and on sale or better yet, clearance.