Selling your home? Don't leave the guns out...

[Lumpy]

Might as well leave all your guns out if they're insured. Then when someone steals them you can buy better ones. Win/Win.

It's not like a thief cares too much if your guns are behind a locked door or they need a portable cut off saw to make swiss cheese of your residential security container "safe".

Yeah, I have a lockbox which is as secure as I could make it, but I wouldn't bet it could stand up to a pry bar.

[yuppiejr]

Do you really think that we are that stupid???????

Might as well leave all your guns out if they're insured. Then when someone steals them you can buy better ones. Win/Win.

Yep.

[hard h2o]

Do you really think that we are that stupid???????

Might as well leave all your guns out if they're insured. Then when someone steals them you can buy better ones. Win/Win.

Yep.

Your insurance company is not going to pay you more than they are worth. That is the problem. You will need to commit fraud such as misrepresenting the value or type of firearm.

In most types of insurance you are only insured to bring you whole again. The insurer will not allow you to make a profit from your loss.

I understand that it can be done. We had a junker car that someone ran into. Because of the age and condition it didn't take much to total it. It was driveable and not much worse than before. We took the settlement, bought the car back from the insurance company, and still had a little bit in our pocket. Not enough to upgrade but a bit.

I had another vehicle totaled by a 16yo driver making a left turn into me. The insurance company offered me an amount that wasn't sufficient enough to replace the vehicle. I looked around and similar vehicles to what I had were priced a bit over what they offered. I called them up and told them. I sent over a bunch of links of vehicles currently for sale. They immediately offered me enough to make me whole.

There is no way I would trust that I would get enough to even replace what I have much less make a profit. The insurance companies are pretty tight with a buck. You would be better off finding a sucker to pay you more than something is worth than to hope the insurance will make you a profit.

Good Luck.

[tenmilmag]

How can my car depreciate before it's first oil change, you ask?

Maybe you should be asking why do I have this insurance company?

[jdege]

How can my car depreciate before it's first oil change, you ask?

Perhaps it's a bit off-topic, but I'm reminded of my first job as a computer programmer. There was another guy, early 20s, just out of school, in his first job.

Which means his first real paycheck.

So he went out and bought a brand new Camaro.

He was so excited that as he pulled out of the dealers lot onto the frontage road, he put his foot down.

Only to discover that putting it to the floor in a Camaro isn't quite the same as in his mother's old minivan.

It spun out and smashed into the concrete dividers separating the frontage road from the highway, about 30 feet from the dealer's lot.

So, there he was, a young kid paying $500/month for a car that wasn't drivable, and that he couldn't afford to fix.

The worst pain was that the dealer charged him $40 to tow the car back into the lot.

[yuppiejr]

Do you really think that we are that stupid???????

Might as well leave all your guns out if they're insured. Then when someone steals them you can buy better ones. Win/Win.

Yep.

Your insurance company is not going to pay you more than they are worth. That is the problem. You will need to commit fraud such as misrepresenting the value or type of firearm.

In most types of insurance you are only insured to bring you whole again. The insurer will not allow you to make a profit from your loss.

I understand that it can be done. We had a junker car that someone ran into. Because of the age and condition it didn't take much to total it. It was driveable and not much worse than before. We took the settlement, bought the car back from the insurance company, and still had a little bit in our pocket. Not enough to upgrade but a bit.

I had another vehicle totaled by a 16yo driver making a left turn into me. The insurance company offered me an amount that wasn't sufficient enough to replace the vehicle. I looked around and similar vehicles to what I had were priced a bit over what they offered. I called them up and told them. I sent over a bunch of links of vehicles currently for sale. They immediately offered me enough to make me whole.

There is no way I would trust that I would get enough to even replace what I have much less make a profit. The insurance companies are pretty tight with a buck. You would be better off finding a sucker to pay you more than something is worth than to hope the insurance will make you a profit.

Good Luck.

Just so it's clear, I was agreeing with the "stupid" comment in the first quote and using the second quote to support my agreement. I was not agreeing with the concept of leaving guns out so you can make an insurance claim.

[Rip Van Winkle]

How can my car depreciate before it's first oil change, you ask?

Maybe you should be asking why do I have this insurance company?

You watch too much tv.

[goett047]

Thanks, there are deals to be had but you need know what you are looking for and be prepared to move fast and make clean offers when you find a winner. We've been at it since fall and learned a lot on both sides of a deal. The home we purchased was initially overpriced, had major MLS data omissions (indicated one bedroom less than actual, no mention of shed/outbuildings, lot square footage under-represented, etc..) and had been on market 39 days when we hit them with an offer and got the house 20k cheaper plus 12k in closing costs. Neighbors can be great sources of info on the sellers to help in structuring a deal that plays to their needs (have they already purchased another home and likely to value a fast closing, etc..)

Know your comps and present them with your offer along with a finite window for the seller to respond so you are not tied up if they waffle on a below asking offer. Personal property inclusions make messy deals, avoid them if you can aside from lawn equipment or furniture that sucks to move. FHA and VA financing can be a pain in the ass for sellers, and USAA is one of the worst mortgage companies out there for blown up closings... Be prepared to lose out to conventional financed and cash buyers in this market. Selling contingencies are also problematic, stacked closings fall like dominoes surprisingly often and are less attractive to sellers.

We bought a forcloseure and got a hell of a deal on it because the bank's realtor had it listed as broken furnace and frozen pipes. Furnace was running when we looked at it and the water worked fine when we tested it. Of course that was back a few years ago when buyers were literally tripping over foreclosures. I wouldn't want to try and buy one in today's market.