Real estate agents: what do you wish prospective buyers would know/do prior to reaching out to you? Real Estate |
- Real estate agents: what do you wish prospective buyers would know/do prior to reaching out to you?
- Potential buyers agent left door open for days on my property in winter.
- What’s the best way to leverage $200k cash in Oregon? (Subdivision, flips, rental etc) Thanks!
- What is the building code requirement for attic insulation?
- What are the risks to shortening the financing contingency period? (NY)
- Got a refinance offer today at 2.65%
- Building a neighborhood with friends - where to start? (ie, an intentional community) [NY]
- Can my agent make an offer on a house Redfin show us?
- Help with real estate investment
- Update on the Wood Foundation House Pickle (Wisconsin)
- Buying a house from grandparents to rent out
- Can anyone give me some goof advice about what type of loan I should take? FHA, Conventional
- Alberta, CA - Revenue property insurance went from $6000 to $13000 a year. How is that even legal?
- Looking at a duplex, one of the units has had a month to month tenant for 2.5 years, any red flags to be wary of? (San Diego, CA)
- Offer accepted but found out it's a probate / testamentary sale (New York - NYC)
- Renting house next to landlord. Property lines very close. Privacy/Boundary concerns?
- Considering purchasing a home where we cannot do our own inspection, but have access to another party's inspection report. Wise or unwise? (NY)
- Buying a rental with section 8 tenants
- Is anyone here a Qualifying Broker/Broker of Record/Managing Broker/Broker in Charge yet not the owner of the office where you work?
- Should I be refinancing my houses if I believe the value has gone up by over 25%?
- Tax Reform and Housing Market impact?
- Bought my home for 2,000,000 about a decade ago. The real estate agent that I went with to sell it told me to list it for 3,400,000 based on her comps. The house sat on the market for about 6 months without anything besides lowball offers. I just sold it for 2,425,000. Did the buyers get a steal?
- Is anyone aware of a three year ARM for a rental property?
- Data real estate
| Real estate agents: what do you wish prospective buyers would know/do prior to reaching out to you? Posted: 07 Dec 2017 07:55 PM PST |
| Potential buyers agent left door open for days on my property in winter. Posted: 07 Dec 2017 08:58 PM PST So I have a property listed which is currently sitting empty. An agent came through last Sunday to show his client. I went over there today and found out the back door was wide open with just the glass screen door closed. It is in a very cold part of the country and obviously has been open like this for 4 days. I called my agent right away and he has been unable to get ahold of the showing agent. Besides attempting to get my future high heat bill covered what else should I be doing in this situation. It's unbelievable and very unprofessional. [link] [comments]  |
| What’s the best way to leverage $200k cash in Oregon? (Subdivision, flips, rental etc) Thanks! Posted: 08 Dec 2017 01:13 AM PST |
| What is the building code requirement for attic insulation? Posted: 07 Dec 2017 08:11 PM PST I tried to find the building code for the minimum amount of attic insulation to pass inspection in WA. However, as yet, I have been unable to find any mention of the minimum amount. Does anyone know what the code says in their jurisdiction? I'd love to hear from others who know what the requirement is. Please include your jurisdiction in your comments. [link] [comments]  |
| What are the risks to shortening the financing contingency period? (NY) Posted: 07 Dec 2017 07:50 PM PST I posted a little earlier regarding a house I am considering buying where the current buyers are undergoing problems acquiring financing, thus we have a window of opportunity to have our backup offer accepted. In addition to wanting us to waive inspection contingencies, which we are not going to agree to, they want us to accelerate the financing contingency, and I'm wondering if we can give a little here. Other than possibly not getting a loan approval in time, are there any risks I would assume by agreeing to a faster than standard financing clause? In this case they are looking for 14 days instead of 35, and our bank seems to be agreeable. [link] [comments]  |
| Got a refinance offer today at 2.65% Posted: 07 Dec 2017 05:07 PM PST Would you guys refinance a fixed 30y 3.875% loan to a 5/1 arm 2.625/2.875% with 5/2/5 caps? Loan is for about 500k with 28 years left... I'm curious what people think will save the most money over the next 28 years [link] [comments]  |
| Building a neighborhood with friends - where to start? (ie, an intentional community) [NY] Posted: 07 Dec 2017 02:31 PM PST I and a group of friends are looking to have our own intentional community, like a neighborhood/cul de sac of single family homes, plus maybe a few duplexes, and maybe also a small apartment building. Some people are ready to start now (including me), while others would be likely to join over the next few years as life circumstances permit. My assumption (although you're welcome to suggest otherwise) is that we're not going to find a cluster of already-built homes that will suit each of us, and thus we'll likely want to custom build houses for the needs and preferences of each individual(s) who will own and live in it. Are there other groups of people doing similar things? Where do we start?! Do we need to buy land? Look for a home builder or developer of some sort? I have absolutely no idea and would appreciate advice, information, anecdotes about your experiences with something similar, helpful links, etc. I'm considering cross posting this in: in r/urbanplanning r/intentionalcommunity r/Cohousing r/housing or maybe even r/Construction - so if you have thoughts on that or more apropos subreddits to suggest, those are also welcome! Thank you in advance :D [link] [comments]  |
| Can my agent make an offer on a house Redfin show us? Posted: 07 Dec 2017 05:17 PM PST I learned Redfin is incredibly speedy at setting up a house showing appointment. I was wondering if theres any rule against having Redfin show me a house then have my agent make the offer? Pacific Northwest - VA Loan [link] [comments]  |
| Help with real estate investment Posted: 07 Dec 2017 03:15 PM PST Hey guys, I hope this is the appropriate place to post this question at. I have a properly that was left to me that is paid off and approximately worth around 500,000 and I want to sell the property but I don't know what to do with the money but everyone is telling me to invest it all in rental property's. Do you guys think that is a viable way to get the best out of my investment? I don't just wanna buy another home and sit on that much money is rather invest it and make money. And advice would be appreciated. [link] [comments]  |
| Update on the Wood Foundation House Pickle (Wisconsin) Posted: 07 Dec 2017 12:07 PM PST It has been a rough month full of massive stress for our family. We ended up meeting with a real estate lawyer to discuss the issues. He advised us to have our realtor write a Notice of Defect and walk away. The home owner asked for more time to get a "professional Wood Foundation guy" in to look at it. We decided to grant the extension and wait to see what he had to say. We spoke with the contractor after his inspection and it became very clear that he did not do any real investigation, but instead simply looked at the drywall and listened to the homeowners story. Obviously this was not enough to ease our concerns about the issues the house had and decided to write the notice. It still took our realtor 3 more days to finally write the notice of defect. When we were given the notice, it was poorly written with typos and items that from our research could not be included in the notice of defect so we had to rewrite it for them. We are closing on the sell of our home in a few days and currently have no where to live, because our realtor assured us that they would take care of us. However, each time we mention the subject it's like it is the first time he's heard about it. We did go out and fall in love with another house, but were not able to put an offer on it immediately because the entire firm was on a retreat out of country. So we had to wait 3 days to make the offer. When we finally were able to put an offer in they had received another offer, so we are in competition. To make maters worse, the seller has asked for an extension to consider their offers as they have a sick parent and have not been able to fully discuss their choices. I do not know if this is true or not, but it has been extremely stressful as we have been in limbo for over a month. The stress has started making my heart race at random moments and we aren't sleeping at all. This is not added stress that I need to deal with on top of moving out all of our stuff. As it sits now, we will be staying in a hotel next week and trying to figure out what to do. Since it is the holiday season all of the hotels are on price increases. We are looking at $2000 for a month at a hotel or almost $5000 for an AirBNB. If this house falls through we will have to try to find some rental situation, which is difficult as we live in a small town and have kids as well as 2 dogs and a cat. If we somehow make a deal on this house, then we will stay in the hotel for 1 week and then pull the kids out of school for the week before and after winter break. Then we will have a vacation and come back in time for closing. At this moment we are all beside ourselves and had really hoped to have something figured out today. Now we are stuck in a limbo for at least 3 more days. This has been the worse month and a half. [link] [comments]  |
| Buying a house from grandparents to rent out Posted: 07 Dec 2017 02:32 PM PST So my grandparents are moving out of their house and selling it. My parents and I are thinking of buying the house to rent it out. The title/mortgage is going to be under my name and my parents are going to be helping me with the purchase process. I am 24 years old and currently make about $15/hr and have 10k in savings as well as an excellent credit score. Do you guys think that buying the house to rent it out is a smart investment or am i better off making investments somewhere else? [link] [comments]  |
| Can anyone give me some goof advice about what type of loan I should take? FHA, Conventional Posted: 07 Dec 2017 08:53 AM PST I have gotten estimates from a few lenders regarding a home purchase. I have seen rates of 3.375% for a FHA loan on a 275K to 4.5% on a conventional 5% down. Both would require me paying 20K in down payments and closing costs. I always thought FHA loans had higher rates not lower so I was confused by this. Can anyone let me know what to be asking when I talk with a mortgage broker later today? [link] [comments]  |
| Alberta, CA - Revenue property insurance went from $6000 to $13000 a year. How is that even legal? Posted: 07 Dec 2017 04:39 PM PST I have four duplexes all insured with the same company. No claims for about 15 years. But in the last two years I've had two claims, neither of which were preventable by me. One was a faulty toilet tank that cracked at 2 am and flooded part of the upper and lower suites. Found out later the manufacturer has paid out millions in a class action lawsuit over their defective product. That was about a 75k rehab job in the end. Then last year a tenant, who I'd warned about not allowing non-tenants to sleep at her place, let her relative not only sleep in the suite, but smoke drugs inside. One night he tossed some lit drug paraphenalia (fire inspector's description) into a storage space and totaled the house from fire, smoke and water damage. Came within a minute of killing the upstairs tenant from smoke inhalation. So, the house is finally being rebuilt which is good because it was a 50's era house that will be completely new looking when they're done, but I just got my insurance renewal and I was blown away. My premium went from $6000 to $13000 a year! I can understand when car insurance goes way up due to poor driving and accidents but how the hell does the insurance company have the right to MORE THAN DOUBLE my premium based on two claims that were not even preventable by me? I had warned the tenant not to let anyone else sleep in her suite because I had seen an unknown person hanging out in the yard a few times when I drove by but she told me to my face that was a visitor and there was no one else living there. I found out later from the upper tenant and the neighbors that she was lying through her teeth, but other than camping out at her doorstep, what else was I supposed to do? I'm pissed right off. Yup, I get a 'new' house that will have greater value, but I'll also be paying back a huge chunk of money to the insurance company over the next 10 years. And the "new" house rent won't even cover the increase in premium so I'm going backwards in cash flow from before the fire. My max insurance coverage was 320k which the rebuilder said isn't quite enough to replace everything 'like for like' so I even had to compromise on some things to get the house built, like taking out the original hardwood floors and putting in vinyl flooring. This feels like highway robbery. Is there any way to push back or is this just their way of saying 'we dont want to insure you anymore?'. I'm not excited about what I'm going to hear if I go insurance shopping with two big claims in two years. I could sue the tenant and her relative but they haven't got money, and the relative appears to be one of those bums who floats around begging off of others. [link] [comments]  |
| Posted: 07 Dec 2017 09:50 PM PST I'm not sure what their starting rental rate was in 2015, but they are currently paying market price, if that helps. I also don't know if they started out month to month, or a lease which then moved to month to month Thank you! [link] [comments]  |
| Offer accepted but found out it's a probate / testamentary sale (New York - NYC) Posted: 07 Dec 2017 08:06 AM PST Hello my fellow reddits, Location - NYC - COOP building The seller agent did not mention anything about real estate sale and that the seller did not obtain a letters testamentary yet. That means it will need to go through probate court so the seller can proceed. NYC turn around can be 3-9 months. What leverage do I have against seller agent and can i negotiate down? What does one do in this situation? [link] [comments]  |
| Renting house next to landlord. Property lines very close. Privacy/Boundary concerns? Posted: 07 Dec 2017 01:46 PM PST Found a 1100sq/ft house for rent ($1200/month). Only negative… landlord is next door and property boundaries are veerrryyyyy close (Their shed with their stuff in my side yard/near my door/windows, shared driveway, and fences + their yard up against the house I'd be living in)
TL/DR: Will rent a house. Landlord next door.... backyard, shed, and driveway right up against my living space... Space/Privacy concerns. Want max privacy and no trouble. How to handle? Edit: Images. My rental on left. State of Connecticut https://i.imgur.com/ep6IuAUh.jpg https://i.imgur.com/FdSU9KV.jpg [link] [comments]  |
| Posted: 07 Dec 2017 11:10 AM PST A few months ago, my wife and I placed an offer on a house, where we were outbid by another party. That other party is now unable to meet the financing contingency deadline and we are being given the opportunity to match their offer, the only catch is that we must forego our option of having an independent home inspection. We were, however, given the other party's inspection report and are having an independent inspector we previously used and trust give his opinion. What is your opinion of moving forward in a case like this? Is it wise in some cases, or completely inadvisable? [link] [comments]  |
| Buying a rental with section 8 tenants Posted: 07 Dec 2017 05:22 PM PST I'm buying a multi family in Fort Worth which has section 8 tenants in it. How do I go about it? How will the program know to send the rent checks to me instead of the old owner? Do I have to go through a process? What is the process? [link] [comments]  |
| Posted: 07 Dec 2017 05:47 AM PST The terminology seems to vary from region to region, but when I say "Qualifying Broker" (or one of the other titles above) I am referring to the licensed broker who is responsible for the real estate office with the state. I've seen a few RE offices, both local names and national franchises, where the Qualifying Broker is not the owner of the business but still puts his name on the line with the state. Is this fairly common? I understand it happening when an individual owns multiple offices so they need someone to oversee each individual location but am unsure why someone who owns a single point wouldn't be the broker, or why a broker would want to put their name on the line when they aren't the ultimate decision maker. And finally, in a scenario as described above, does anyone know how and how much the Qualifying Broker typically gets paid? I assume it's a mix of salary and bonus/commission but don't know for sure. Thanks! Edit Damn bot. I am interested in feedback from across the USA but am open to feedback from other countries as well. [link] [comments]  |
| Should I be refinancing my houses if I believe the value has gone up by over 25%? Posted: 07 Dec 2017 08:13 AM PST I currently own 4 houses in Philadelphia, PA , and my original house I purchased 3 years ago has gone in value from $190k to $260k according to an average of 3 websites I'm checking (I also refinanced a similar house last year right around the corner and it increased in value from $200k to $300k) so I'm very confident I could refinance and pull a significant chunk of change out from it to use to buy a 5th house. If my understanding is correct, the main risk is that 1. I incur fees from the lender that I'll never see again and 2. If the market suddenly dips I'll be 'underwater', but I don't understand why that's a bad thing assuming I plan on keeping this house for 20-30 years, and could simply wait until the value increases again? Obviously my mortgage will increase, but hey, if I reinvest those funds that I pulled out, they should (most likely) get a higher return on investment than the mortgage increase correct? And if that's true, then I should always refinance? [link] [comments]  |
| Tax Reform and Housing Market impact? Posted: 07 Dec 2017 01:27 PM PST Has anyone done any analysis? I was planning to purchase a $450k home but I realize the Tax Reform might have some kind of impact on the market This will be my first home so I dont know how tax deduction work. I just want to make sure Im making the best decision
Pacific Northwest - VA loan [link] [comments]  |
| Posted: 07 Dec 2017 08:10 PM PST |
| Is anyone aware of a three year ARM for a rental property? Posted: 07 Dec 2017 09:45 AM PST Current loan is 5.125%, which kills me, but I will be redeveloping the parcel in a year or so. The property is in Seattle, WA. [link] [comments]  |
| Posted: 07 Dec 2017 09:42 AM PST Hi, i am looking for information on a map i could use for data, demographics, etc. Thanks [link] [comments]  |
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