Is it possible to buy an acre or so of land at or under 1k anywhere in the US and the land be safe and halfway decent (no swamp, toxic waste, war zone, etc). Real Estate |
- Is it possible to buy an acre or so of land at or under 1k anywhere in the US and the land be safe and halfway decent (no swamp, toxic waste, war zone, etc).
- [CA] Potential First Time Homebuyer looking for some advice
- Offer accepted but now taking forever for agent to respond (New york)
- Buying a house 'as is, where is'? [Maine]
- No response to purchase offer
- Question First Time Buyer
- Rent prepayment verbiage?
- Interested in buying house
- What skills are needed to renovate a house?
- First time home buyer. Do I need a mortgage broker?
- Buyer asking for a concession on something that was known before the offer was accepted?
- Mortgage on Indian Reservation [NY]
- Mortgage Question: Harder to get if I'm in a new job?
- Cost to build a home: Need your input
- Chicago - What are some strategies for placing a (successful) offer on a place before your current home has been sold?
- [New York] House is listed on website as "coming soon." Can I contact owner and make an offer before information is released?
- (FL) City's contractor damaged our plumbing
- Question about earning commission
- NY. How much house can we afford?
- Neighbors condo sold for under market value because of maintenance issues, will appraiser take that into consideration?
- Best Way to Find an Agent for Relocation?
| Posted: 06 Dec 2017 06:43 PM PST I am on a fixed income of $2000 a month. I have terrible credit. I want to buy some land that is not dangerous like swamp, toxic, super high crime area. I mean just a piece of land maybe an acre. Anywhere in US so I can build a cheap house or tiny house or maybe even put a trailer on. I want loose codes so I can pretty much put what I want on it maybe even covert a storage bin into a house. Then maybe if I save I can add on to it later buying more land. Is this even possible in the US anywhere nowadays? I am located in Kansas now but was looking at Arkansas possibly or even Texas. [link] [comments]  |
| [CA] Potential First Time Homebuyer looking for some advice Posted: 06 Dec 2017 05:47 PM PST Hello, I have been thinking about purchasing my first home for about 4 months now. I have gone to many open houses to get a feel for what I like and don't like. I have done all of this without a realtor as to not have the added pressure of having someone constantly nagging me to purchase a house that same day. I currently work and live in Los Angeles, but the housing market here is out of reach for most people, and the houses within my price range are in poor condition, super small, or I get outbid by investors looking to flip. I have come across a property in the next county inland that fits within my budget and I can see myself living in for at least 5+ years. The commute would be a bit longer, but not too much longer. My question is, would this be a good time to purchase a house? I know we are expecting to see what will be the outcome of the new tax bill moving through Congress. The house I am looking at is not over 500k, which I think clears me from the mortgage interest write-off cap. Are there any other changes that are coming in the coming months that I should be factoring in? Since the house is not in LA County, I don't think it would be as 'recession-proof' as it would be if it were closer to Downtown LA. Am I just overthinking things? Is it a good time to be purchasing a house? Should I settle for something closer to work? Should I just stash my downpayment in the stock market and wait for housing prices to correct themselves according to the tax bill? Thanks. [link] [comments]  |
| Offer accepted but now taking forever for agent to respond (New york) Posted: 06 Dec 2017 05:48 PM PST Offer accepted on coop but listing agent hasnt sent deal sheet. Keeps saying too busy. Havent been in this situation. Its been 2 days since acceptance. [link] [comments]  |
| Buying a house 'as is, where is'? [Maine] Posted: 06 Dec 2017 05:11 PM PST Hey, I have no clue what I'm doing, but every so often I look up real estate to see what things go for. I've never purchased or anything before. Anyway, I found an ad for a house that seemed ludicrously cheap, ~10k, but it says 'the seller doesn't know specifics of the property. Buy as is, where is. Buyer pays costs, taxes, etc.' It's been for sale for a few months, on a legitimate site. The house doesn't look atrocious in the pictures. Outside appears better than inside. Needs cosmetic paint in rooms, resurfacing wood floors, kitchen remodel, but honestly looks fine to me. The price just doesn't make sense to me. No matter how shitty the house, I feel like it has to be worth more than 10k... if it was renovated properly, I swear it'd be at least worth 150-200k based on size and location. Even some house flipping crew would probably make solid money buying it at 60k based on pics I saw. Thoughts? Ideas? Should I give it a look? Would a seller really have 'no knowledge of the property'? Or is that a convenient excuse for selling a termite infested shithole? Thanks for the help. [link] [comments]  |
| Posted: 06 Dec 2017 03:21 PM PST Why would a seller not respond to a purchase offer? I put in an offer to buy a house effectively at list price (above list with closing cost credit that brought it down to list). The only seller concession I asked for was that they insulate the attic (It's got 0 insulation). I gave them a 24 hour response deadline, but my agent has heard nothing from their agent. What's up with this? It was a fair offer that reasonably met what they asked for. Edit: Indianapolis market, btw [link] [comments]  |
| Posted: 06 Dec 2017 11:23 PM PST Trying to ask this as simple as possible. I have 310k in cash I am looking to use to purchase a 355k town-home. Problem is that I cannot finish the rest of the payment until my current property sells because I have terrible credit. Any way or hope for me to get the buyer to take the house of the market with earnest money or some sort of payment? Located in Houston [link] [comments]  |
| Posted: 06 Dec 2017 11:04 PM PST I am renting my property out to someone who would like to prepay their rent in advance for 6 months on a 1 year lease. How would I verbalize this agreement in the contract? I would like them to still get back what is remaining minus the fee to break the lease if they decide to walk away early. This property is located in Arizona. Was thinking of adding a clause stating something along the lines of: "Tenant will prepay for 6 months of rent at the normal monthly rate plus deposit totaling $17,100. In the event that the lease is broken prior to 6 months being fulfilled, the tenant will receive the amount of money back equivalent to the number of months left that they have prepaid at the normal monthly rate minus the deposit of $1,800." [link] [comments]  |
| Posted: 06 Dec 2017 02:19 PM PST I am in somewhat of a "unique" situation, I am a disabled Vet and interested in buying my first home. However, I'm not sure if I will qualify for a loan. My only income is from VA compensation/SSDI totaling roughly $6K monthly, all tax free. My spouse is currently attending school full time and also receives a stipend of about $1300 and not working. We do not have any major bills outside of rent, no car payments or anything. Our credit scores are decent mine at 750+ and wife is about 680. Do I stand any chance of being approved for a loan no higher than $300K? TIA [link] [comments]  |
| What skills are needed to renovate a house? Posted: 06 Dec 2017 04:44 PM PST I'm coming from a background of math/computer science/robotics and am able bodied. Was thinking of doing some renovations for fun. What is every skill needed? I imagine carpentry, stonemasonry, bricklaying, architecture, plumbing, electricity are some starters. Just looking to see every skill I can learn regarding renovations for fun. Thank you for any info! [link] [comments]  |
| First time home buyer. Do I need a mortgage broker? Posted: 06 Dec 2017 06:47 PM PST Do I really need a mortgage broker? It seems like there are a lot of online mortgage companies (rocket mortgage, sofi, etc) that do basically the same thing. What's the pros and cons of using an online service vs a broker? [link] [comments]  |
| Buyer asking for a concession on something that was known before the offer was accepted? Posted: 06 Dec 2017 04:12 PM PST To me it seems reasonable for a seller to give concessions for things found during the due diligence period. Now what would you say about a buyer asking for a concession on something they knew about before placing an offer? For example, let's say on the seller's disclosure there's something like "all plumbing is polybutylene". The buyer has an inspector take a look at it and he says, "Yep, it's polybutylene," and gives an estimate to replace it. The buyer then wants the seller to make some sort of monetary concession to replace the plumbing. Seems to me that the buyer knew what he was getting in to when the offer was made, so the seller has no incentive to give any concessions. What do others think? [link] [comments]  |
| Mortgage on Indian Reservation [NY] Posted: 06 Dec 2017 07:20 PM PST I'm evaluating an interesting deal in Western NY but it turns out it's on Native American land leased to the city. After doing some research and speaking to some people it seems like it might be next to impossible to get a mortgage for this property due to the way the US gov't recognizes Native American land as sovereign nations. Does anyone here have any experience with this? It's a good deal and low cost so one option would be taking out a small personal loan and paying cash. Reasons against doing this? I have the cash but it'd be 90% of my savings - don't want to do that to myself [link] [comments]  |
| Mortgage Question: Harder to get if I'm in a new job? Posted: 06 Dec 2017 09:32 AM PST I'm in North Carolina. I've been at my current company for just short of 10 years. I'm looking to buy a new home, but may also have just started a new job by the time it comes time to close. Will that make it harder to get a mortgage? What if I'm already in the mortgage process when I start my new role? What if the new role is for a lower salary? What should I be thinking about? What are the factors they use that I should be aware of? Thanks! [link] [comments]  |
| Cost to build a home: Need your input Posted: 06 Dec 2017 08:07 AM PST Hello everyone I would like everyones opinion on how much it would cost to build a small ranch style home. My budget is $130k, I know that's not a lot but it's more than enough for me, my wife, and newborn. We aren't looking for anything fancy. I'm relatively young and really have no idea where to start when it comes to building a home. I've recently been given a 1 acre plot of land, with the same old home I grew up in so it already has gas, electic, and sewage. The house is in bad shape so I believe renovation is out of the question. We would probably look to demo the house and build from scratch. I live out of the city limits in the South Texas area and own the property that would be built on. So can anyone help me out with what my budget would actually be able to cover along with any floor plan ideas and just anything overall you think I should know about the whole process. Thanks in advance!! [link] [comments]  |
| Posted: 06 Dec 2017 01:42 PM PST |
| Posted: 06 Dec 2017 06:33 AM PST I stumbled across a house online in the perfect location, great school district, and near family. This house was listed as "coming soon." I looked up the taxes of the house on the county's website, and I saw that it is still listed in the previous owners name. Is it possible to meet with this owner, view the home, and make an offer on the house before it goes on the market for everyone else to see? First time homebuyer here, any advice is appreciated. Thank you [link] [comments]  |
| (FL) City's contractor damaged our plumbing Posted: 06 Dec 2017 08:38 AM PST Our neighborhood was on septic, and the city has been working for 2 years to switch us over to sewer. The project has been terrible, but that's besides the point. I got a call 3 weeks ago from my tenant that the guest bathroom stopped working. I went out to the house and found the bathtub full of sand - the same color sand that had been used to fill the septic tank. I called the city, who looked at it and said it was probably just old cast iron pipes, but promised to sent their contractor out. Contractor came out, camera'ed the system, and said that my pipes had collapsed, independent of their work. Funny coincidence that the cast iron gave out the same day that they crushed the septic, but they denied responsibility. They showed us that the break was no where near where they had been working. So, I hired RotoRooter to come out and dig up everything. While they were fixing the problem, they found evidence that it was indeed the city's contractor who crushed our sewer line. The line had been hit so violently that it shattered a vertical line inside the bathroom, half way into the house. RotoRooter also found evidence that the cleanout for the house had been improperly moved. We called the city to come take a look, they shuffled around to cap off the old cleanout. So far, not a word from the city or their contractor. I've left several messages. In the middle of all this, my tenant moved out over the issue, leaving me with $2000 in property turn-over costs. What do I do about the RotoRooter bill? Someone owes them $5300, but this is clearly the city's contractor's responsibility, not mine. I'm reluctant to get a lawyer involved, but I flat out don't have the cash to cover everything right now. Update: Talked to the city. Apparently the guy responsible is out on a cruise, he'll be back monday. The other guy was reluctant to admit much of anything, but asked me to get all of the information together. RotoRooter called me - the pipe crushed was NOT cast iron, but the updated PVC that the previous owner of the home had installed. So yes, there was a cast iron involved, but not at the point where things were broken. RotoRooter is working on typing up everything for me right now. [link] [comments]  |
| Question about earning commission Posted: 06 Dec 2017 10:32 AM PST I work as an assistant property manager for a small commercial real estate company in Texas. The other day I set up an appointment with an agent to show a unit to him and a potential tenant. However, when we met for the appointment the agent did not show up, only the potential tenant. Now the agent is saying the tenant is ready to sign a lease. Has the agent done enough to earn a commission? Is this enough information to determine procuring cause? The reason I ask is because our in-house agent is upset about this and doesn't think the other agent has procuring cause. [link] [comments]  |
| NY. How much house can we afford? Posted: 06 Dec 2017 09:07 AM PST First time home buyers and would like your input! First and foremost, my husband and I are both working in NYC so a reasonable commute is a must. Also we have a 5-month-old baby and plan to have at least one more child within the next 4 years so we want to move to a good school district. Other basic info. My income is $210k per year and husband's is $90k per year. We have around $60k in saving that is readily accessible cash (not counting stock/retirement accounts etc). Parents on both sides agree to help out on the down payment. We both have decent credit score (750+). No other debt. We have looked on Redfin. It seems that a 3/4 bedroom house in a good school district and within commute distance costs around $800k. The mortgage payment estimate is about $4k. Our rent right now is $4400, so it seems a $800k house is affordable for us? But is there any other cost I am missing? Is it too optimistic to aim for $800k? Thanks in advance!! EDIT: goal is to buy a house next summer. By then we should be able to save $20k more in cash. [link] [comments]  |
| Posted: 06 Dec 2017 07:44 AM PST Depending on what a new appraisal comes in at, I'm looking at about 78 - 83% LTV and really want to get my PMI gone within the next few months. We live in a townhouse with about 20 buildings in our complex. The problem is, our next door neighbor just bought from a) a family friend and b) at a significant discount because of the condition, it hadn't been updated since the early 80's and smelled completely of cat pee. They are currently working on some major renovations. Another neighbor sold just a month later for $50,000 more than what they had paid for the place. Given the condition, the sale price was just about in line for the gut job, they may have also gotten $10k-20k family discount but there is a good reason they paid $50k less than others because of the work that needs to be put in. When I go for my appraisal, I want to make sure it's worth it that I can get to the 78% LTV and will be very close if it comes in at or a little above what the nicer neighbor's place sold for. Ours should appraise for a tad bit more, with an updated kitchen and central air put in. But if they take into consideration our next door neighbor, I'm afraid that appraisal will be pulled down significantly. How can they be convinced that this unit was not in good condition when it was purchased and should basically be ignored as an actual "comp" to ours? [link] [comments]  |
| Best Way to Find an Agent for Relocation? Posted: 06 Dec 2017 05:47 AM PST We initially contacted someone on Zillow by expressing interest in a listing and that did not work well. Someone different called back than who we reached out to, and wasn't a good fit in terms of listening to what we asked about or being responsive in a timely fashion. But we did learn that the new state works by signed contracts for buyer's agents, which is different from our home state where it's based on performance (IOW a handshake). The agent we talked to seemed focused only on that we worked with no one else and was unresponsive when I asked for the blank contract to read. Anyway, how do you find a good agent in a place you don't currently live? We are going there this weekend, should we try to meet and talk with a couple and just avoid the hard sell on the exclusive contract until we've been able to chat with them? Is it a red flag when people try to do that, or just a regional thing? TIA ETA location: OR to ID [link] [comments]  |
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