Print Story The most boring househunt on earth, episode 2
Diary
By webwench (Mon May 15, 2006 at 05:08:04 PM EST) (all tags)
...boring to everyone but me, of course. And my mother, I guess.


So the sale is pretty definitely going through. The prospective buyers haven't presented their ransom note Christmas list list of requested fixes yet. But I know they're planning on presenting one, and I suspect we'll be able to negotiate reasonably from there.

On the other hand, the house-looking didn't go so well. I had gotten myself pretty psyched-up about house #2 from our last house-related diary, especially after driving past it last week. So, I took mom+stepdad along on a walkthrough of it with teh agent Saturday morning, and the house showed quite well, so much so that I walked out of there thinking, it's time to make an offer.

Then we started driving around the neighborhood a bit. The first two streets, including the street where the 'target' house is, are very nice, and comparable to the house we'd just walked through. The third street in, though, featured several houses which had plywood or plastic for windows, abandoned cars out front, and, when the paint wasn't peeling off, were painted in dayglo colors -- pink, purple, fluorescent blue. I don't think the final effect was quite as cheery as the owners hoped, though.

This was disconcerting and gave us pause, so we went over to the next neighborhood, which is hidden from the main road by a thick screen of trees. Two blocks in, we u-turned and got the hell out of there, as it appeared we had wandered into a crack neighborhood -- a mix of decrepit and abandoned townhouses with broken windows and skeevy cars and, just, nowhere you'd want to live next door from, especially with an eight year old in the household.

So, that was a downer.

I also had second thoughts about house #2. I love the neighborhood and the location. But whoever they have doing the work on the house, someone's retired dad I think, is doing some very odd things, and I have... concerns about that. There also seems to be a fair amount of water in the basement, that wasn't there a few weeks ago. It's pretty small, and it would need a lot of work, so I've cooled on it. Back to square one?


Sunday, I spent some time at the respective parents' and stepparents' houses in honor of mother's day, and at dad's house in particular, The Househunt was a point of interest. Having spent the previous week obsessing over houses, and looking at houses online, and pondering an interim move into an apartment, etc., I was sick to death of the whole topic and frankly would have preferred a nap, but anyway, I was trying to keep a sense of humor about it.

My dad then made an interesting offer, namely that I should step up my price range by a fair amount, by quite a lot in fact, and with his assistance bypass the next couple of 'stepping stones' in the house-trading-up process he envisioned me traveling over the next twenty years or so. Needless to say, this changes some things.

Accepting financial help feels weird, especially because I don't *need* it. Affording my own stuff like a grownup has been something of a minor point of pride. So, now I'm griping about a gift? I don't know. I'm still getting my mind wrapped around the whole idea. I know they want to help us, and want to see us in a nice neighborhood where we'll be happy for quite a while... I can't articulate what I'm trying to articulate, so I'll stop here.


I'm looking for a financial advisor, I think. How does a person find a financial advisor, anyway? When I google for them all I turn up are insurance salesmen and consumer-credit counseling people.

The next few weeks should be interesting.

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The most boring househunt on earth, episode 2 | 16 comments (16 topical, 0 hidden) | Trackback
financial for what now? by garlic (2.00 / 0) #1 Mon May 15, 2006 at 05:14:23 PM EST
you're a smart woman, so what do you want this advisor to advise you about that you can't or don't want to make your own decisions about?



Stuff, like. by ana (2.00 / 0) #2 Mon May 15, 2006 at 05:15:27 PM EST
Good luck with the house hunt. I hope you like the expanded options.

I answered an ad, I think, and after one dud I got handed off to a financial advisor I quite like. He's with Ameriprise, I think they're calling it now; formerly American Express Financial Advisors, and he's very much into planning everything, finding out where it is you want to be in 20, 40 years, and what you have to do to get there with a minimum of fuss and risk.

Can you introspect out loud? --CRwM


Financially magic people by MartiniPhilosopher (2.00 / 0) #3 Mon May 15, 2006 at 05:15:51 PM EST
Check through your office. I'm finding myself constantly amazed at the number of services $MedSoftCorp offers as part of the employee benefits. At the very least you could try to find out who advises the company itself and see if there are any partner discounts/benefits they offer.

Whenever I hear one of those aforementioned douche bags pontificate about how dangerous [...] videogames are I get a little stabby. --Wil Wheaton.


I've never seen a good financial advisor by lm (4.00 / 1) #4 Mon May 15, 2006 at 05:45:20 PM EST
Not that this means that they don't exist.

I have, however, found some very good accountants in the past.

They're hard to come by. Word of mouth is how I've found my account and lawyer.

But I'm leaving out an option. Just make a dupe account and fictionalize the data and post an ask HuSi in the hole.


There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic


IAWTP by glamorgan (2.00 / 0) #5 Mon May 15, 2006 at 05:55:19 PM EST
Good financial advisors don't have to advertise.  Word of mouth brings them all the business they need.

[ Parent ]

last option by garlic (2.00 / 0) #10 Tue May 16, 2006 at 08:12:16 AM EST
the benefit is you already know not to trust us -- any advise we give, good or bad, you'd obviously want to verify with your own research. You should really do the same with a financial advisor.

There is no financial advise degree, and lm knows what sort of bullshit they train financial advisors to do. These guys aren't working for you unless you pay them directly. If you don't, they're working for their company, which means they aren't looking after your best interests, but their companies and their selves.

[ Parent ]

Right, unless things have changed recently by lm (2.00 / 0) #11 Tue May 16, 2006 at 08:18:47 AM EST
The overwhelming majority of financial advisors work on commission by selling various products. If that isn't a conflict in interest, I don't know what is.

Accountants, on the other hand, tend to offer up straight service for a fee. I suspect that some financial advisors may also do this, but I'd still trust the accountant far more.


There is no more degenerate kind of state than that in which the richest are supposed to be the best.
Cicero, The Republic
[ Parent ]

I had hoped to be financially independent by georgeha (2.00 / 0) #6 Mon May 15, 2006 at 07:26:23 PM EST
but shit happens, you know, the Volvo that you just paid off and dropped 8k into an engine for needs a new engine. So, I'm glad my parents are able to babysit, and they do offer us financial assistance (usually grandchild related) every so often.

I think you're being harsh on the third street over, the sound like just the folks that would appreciate bikes and diesel conversions. Just bring them some chew first, to break the ice.




stuff by clover kicker (2.00 / 0) #7 Mon May 15, 2006 at 10:03:25 PM EST
> Accepting financial help feels weird

Heh. I haven't taken a nickel from my folks since high school. All thru K12 it was "our house, our rules", so once I was finally free and clear I absolutely will never allow them the tiniest bit of leverage on my life.

Hopefully your relationship with your parents is less screwed-up.

Can't help you with a financial advisor, I deal with an old high school buddy.



Sonds like the neighborhood's on the edge by wiredog (4.00 / 1) #8 Mon May 15, 2006 at 10:17:12 PM EST
of gentrification, in which case the house will double in value in short order. Or it's on the other edge, in which case the guns will come in handy.

Earth First!
(We can strip mine the rest later.)



Am I going to be able to find you... by atreides (2.00 / 0) #9 Mon May 15, 2006 at 11:01:49 PM EST
...when I have to send the things around?

Have you seen The Passion yet? Here's a spoiler for you: Jesus dies.
"...compassion is more than a 16 point word in scrabble." - MostlyHarmless




financial advice by sasquatchan (4.00 / 2) #12 Tue May 16, 2006 at 11:04:03 AM EST
don't date your realtor financial advisor.




Ha ha by webwench (4.00 / 1) #13 Tue May 16, 2006 at 11:38:00 AM EST
I am sticking only to ugly ones, or female ones ;)

I got a family recommendation for an advisor who doesn't work on commission, so I'll give him a shot.


Getting more attention than you since 1998.
[ Parent ]

commission bad. by iGrrrl (4.00 / 1) #14 Tue May 16, 2006 at 02:11:39 PM EST
Our financial guy gets an annual fee based on the value of our portfolio.  The more we're worth, the more he makes.  He uses Schwab for all stock deals, so there's not issue of commission on trades either.

Plus, he refuses to invest in tobacco anything.

"I don't have time for martial law, I have to get to the gym!" zarathus
[ Parent ]

Late reply by Mrs FlightTest (2.00 / 0) #15 Sun May 21, 2006 at 01:37:37 PM EST
On financial advisors:
Likely your best bet is to be recommended to one. Or as someone mentioned earlier to check with your company to see if they offer any services.

FT got his through an employer when they had a retirement planning seminar for any employee who was interested. Some people actually ridiculed him for attending, telling him he was too young to be thinking about retirement. He was 23 or 24 years old at the time. What those e-gits didn't understand, was that that was the best time for him to be thinking about retirement.

We have never paid him a cent. He gets a percentage of the management fees that we pay, this charge for us would be the same whether we bought directly or through him (mutual funds).

Good luck on the house & financial advisor hunts.

Whee....Flyin' is Fun!



Financial planners by ShadowNode (2.00 / 0) #16 Sat May 27, 2006 at 07:58:17 PM EST
Their licensing board has a search page, but as others have said, you're probably better off asking people you know for a recommendation.



The most boring househunt on earth, episode 2 | 16 comments (16 topical, 0 hidden) | Trackback