Personal Finance In most cases, it will cost your employer far more to replace you than it would to give you a raise. So ask firmly. |
- In most cases, it will cost your employer far more to replace you than it would to give you a raise. So ask firmly.
- Just had my car stolen. Completely overwhelmed and unsure of what to do next.
- My parents tell me I'm too frugal... Are they right?
- Newbie investors: You have to actually invest the funds in your IRA, not just deposit them!
- Reminder: Never tell HR how much you make or are looking for
- Emergency fund saved my butt! Thanks, PF!
- Teaching your kids about money in a world where money is just numbers on a screen
- Almost done paying off my IRS debt!!!
- Updated 2018 withholding tables are now available.
- How much is an actual, reasonable down payment on a house?
- Got fired from my job of 8 years, never held any other jobs, freaking out with anxiety
- About to be homeless and no one will hire me. Due to a misdemeanor I got last year no apartment will let me sign a lease and I've had 5 jobs rescind their offer after the background check. What can I do?
- I want to live alone. Is my income even close to enough money though?
- Getting married, fiance wants to be on title for condo.
- Am I Getting Screwed on my Car Loan?
- Budgeting for open bar wedding
- Anybody use Acorns? Recommend?
- Am I managing my money correctly? I am 24, and my parents taught me NOTHING.
- Is something wrong with my Social Security number?
- 401k or Roth IRA?
- Boyfriend's family used his identity to open accounts and they went to collections
- Non Resident Family Member Has $2 million+ in Bank of America Savings Account. What Can He Do?
- Parents passed away; siblings and I need to sell their house; what questions should we be asking realtors?
| Posted: 11 Jan 2018 08:39 AM PST The cost of recruiting, onboarding/training, etc often exceeds the cost of paying an already established employee more. Just remember that next time you talk yourself out of asking for a raise. Edit: Ok, so I've only been responding to push notifications and didn't realize this is the top post on Personal Finance. Wowsers. Also all of you have provided so many good comments and insights I failed to point out. What a sub you have here. Edit: My phone is so old that trying to turn off the push notifications is causing it to freeze. Front page life is hard. I'm still in disbelief this made the front page. More importantly the collective participation has been amazing. From useful to funny, you guys killed it. Thanks to employers who weren't afraid to offer their own food for thought. It made for a more valuable thread. [link] [comments]  |
| Just had my car stolen. Completely overwhelmed and unsure of what to do next. Posted: 11 Jan 2018 02:02 AM PST It happened in all of 10-15 minutes it took me to take a piss at the hospital bathroom near where I parked. I still can't really fathom how it happened, but I may have left the door unlock as I rushed to relieve myself. But on to the pertinent stuff. I've just returned from the police station after reporting it stolen. I intend to call my insurance company and do likewise in the morning. Can't think of anything else that requires immediate attention. The car itself has no great material value. Its a 96 Honda civic sedan - with a busted rear bumper due to a rear ending accident to boot. But I've just lost my mode of transportation. Its utilitarian value is modest but non-trivial. I'm a part time caretaker (part time student) for an elderly relative and use it for shopping/errands and taking him to hospital appointments. Transportation and mobility will be inconvenienced, but I think it will be manageable. At the very least, the impact wouldn't be as great as when I had a 9-5 a few years ago that required daily commuting. My current financial situation is not great. my caretaker job pays ~$600 a month about which rough half is used to pay regular bills. I live frugally, but every 6 months, school fees/expenses consistently eats up $6,000+ of my reserves from when I had more gainful employment. I have ~$12,000 of liquid funds on hand with an additional ~$5000 available if I absolutely need to break a CD. Even tough I have yet to finish, I've been contemplating putting school on hold and returning to work full time. This new situations throws my plans and goals into complete disarray as I'm no longer sure how I should prioritize given the new burdens/responsibilities/inconveniences I must now contend with. Any insights? What bugs me the most is the questions I haven't yet thought to ask. What have I missed? any help would be appreciated. I need to get some much needed sleep now. update: Holy Cow! Just got a call that they found my car. I'm unable to meet the officer with my vehicle in 20 minutes. So I'll have to recover it from the tow yard. will keep you all updated as things progress. [link] [comments]  |
| My parents tell me I'm too frugal... Are they right? Posted: 11 Jan 2018 05:21 AM PST Here's my situation. I'm a 19, in college, car paid off, and want to finish my BS degree debt-free. I live with my parents and they take care of what would be my rent, phone and car insurance. I'm also still on their health plan. As of this past I have saved up/invested $13k in liquid assets. Currently I work part time as tech support for my local government and I bring home $1122.02 every month. Out of that I aim to save $800 so that I will have enough ($30,000) to pay for the remaining two years of college (operating on the assumption of ching no outside aid). This plan leaves me with ~$320 every month to spend on gas, repairs and whatever else I want. The problem is that my parents tell me all the time that I worry too much about the cost of school and shouldn't be so frugal with my money. Do you think that I am just being too conservative with my funds, or am I being conscious of the expenses of higher education? [link] [comments]  |
| Newbie investors: You have to actually invest the funds in your IRA, not just deposit them! Posted: 11 Jan 2018 08:17 AM PST Throwaway because it's humiliating that it took so long for me to figure this out. For the past two years, I've been contributing the max to my Roth IRA. But the money has just been sitting in the settlement fund, because I didn't realize that I had to go one step further in order to actually get into an index fund. You have to buy shares! I assumed, incorrectly, since I've heard so much about Vanguard index funds, that the money I deposited would just go there. NOT THE CASE! At least on Vanguard's website, this is pretty confusing if you don't really know what you're doing. So I figured I'd alert my fellow newbies. Sorry if this is actually obvious to everyone else already. [link] [comments]  |
| Reminder: Never tell HR how much you make or are looking for Posted: 11 Jan 2018 04:37 PM PST Hiring manager here about to make an offer to a candidate. Position budgeted at $150-170k with ability to negotiate up plus equity. Unfortunately in that very first conversation with HR, they disclosed that they made $120k and are looking for $125k. Guess who's getting an offer for exactly $125k? I'd like to make a fair offer in the midpoint but can't as HR won't let me. Just one or two sentences in that first screening call is costing this person about $70k in 2018. (Major company in high tech in a coastal city) [link] [comments]  |
| Emergency fund saved my butt! Thanks, PF! Posted: 11 Jan 2018 03:56 PM PST Hi r/PersonalFinance! I wanted to share this story about how much peace of mind an emergency fund can bring, and thank this sub for convincing me to build one. I'd been basically living paycheck to paycheck until about 2 years ago, when I landed my first solid career job. The salary's not huge (36K since my recent raise), and my income supports me and my partner. We're pretty frugal so there's usually about 25% of my paycheck left at the end of the month. I was planning to use the money to aggressively pay off student loans, but this sub convinced me an emergency fund was more important. I saved up until I had enough in the bank to cover 8 months of normal expenses. Fast forward to this Christmas. Within thirty days, all three of the following happen: my computer dies ($900 to replace), my car needs a bunch of urgent unexpected repairs ($1200), and my cat needs surgery ($1000). Put together that's more than I make in a month, and almost two months of regular spending! And it's okay, because I was able to pay for it out of my emergency fund. In the past, I would've been able to handle one of these emergencies at a time... if that! Any one of those would have put me into crisis mode - cutting back everything I could, scrounging pennies, looking into a second job. I'd have just had to make do for months with a broken car and no computer in order to pay for my cat's vet bill. I still could do that if I had to - but it was so much less stressful to be able to just fix the things right when they broke without worrying if I'd have rent money. I don't have to stay at the library until midnight to type my papers and bicycle home in the rain on the highway. I don't have to push back projects I'm working on because I don't have a computer, or bum rides to doctor's appointments because I don't have a car. I wouldn't have considered an emergency fund before this sub because I'd always been able to manage the emergencies. I have enough friends and family and flexibility to weather financial hardships. But an emergency fund takes away so much stress. If you think you don't need one because you can manage without, just think how much more you can manage if you don't have that stress on your shoulders! [link] [comments]  |
| Teaching your kids about money in a world where money is just numbers on a screen Posted: 11 Jan 2018 02:10 AM PST I came across this TedX talk about a guy who played Monopoly with his kids using real money, and how modern "cashless" electronic transactions make money more abstract and difficult to understand for kids. I thought the sub would appreciate it. [link] [comments]  |
| Almost done paying off my IRS debt!!! Posted: 11 Jan 2018 03:04 PM PST Only $373 left! (started at $10,000!!!) i'll post a longer convo here when it's fully paid about how I [have almost] paid it all off. I just am so excited, I can't believe this day is almost here! Hang in there, everyone!!!! [link] [comments]  |
| Updated 2018 withholding tables are now available. Posted: 11 Jan 2018 11:49 AM PST The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following major changes made by the new tax law. The updated withholding information, posted today on IRS.gov, shows the new rates for employers to use during 2018. Employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018. They should continue to use the 2017 withholding tables until implementing the 2018 withholding tables. Many employees will begin to see increases in their paychecks to reflect the new law in February. The time it will take for employees to see the changes in their paychecks will vary depending on how quickly the new tables are implemented by their employers and how often they are paid — generally weekly, biweekly or monthly. The new withholding tables are designed to work with the Forms W-4 that workers have already filed with their employers to claim withholding allowances. This will minimize burden on taxpayers and employers. Employees do not have to do anything at this time. "The IRS appreciates the help from the payroll community working with us on these important changes," said Acting IRS Commissioner David Kautter. "Payroll withholding can be complicated, and the needs of taxpayers vary based on their personal financial situation. In the weeks ahead, the IRS will be providing more information to help people understand and review these changes." The new law makes a number of changes for 2018 that affect individual taxpayers. The new tables reflect the increase in the standard deduction, repeal of personal exemptions and changes in tax rates and brackets. For people with simpler tax situations, the new tables are designed to produce the correct amount of tax withholding. The revisions are also aimed at avoiding over- and under-withholding of tax as much as possible. To help people determine their withholding, the IRS is revising the withholding tax calculator on IRS.gov. The IRS anticipates this calculator should be available by the end of February. Taxpayers are encouraged to use the calculator to adjust their withholding once it is released. The IRS is also working on revising the Form W-4. Form W-4 and the revised calculator will reflect additional changes in the new law, such as changes in available itemized deductions, increases in the child tax credit, the new dependent credit and repeal of dependent exemptions. The calculator and new Form W-4 can be used by employees who wish to update their withholding in response to the new law or changes in their personal circumstances in 2018, and by workers starting a new job. Until a new Form W-4 is issued, employees and employers should continue to use the 2017 Form W-4. In addition, the IRS will help educate taxpayers about the new withholding guidelines and the calculator. The effort will be designed to help workers ensure that they are not having too much or too little withholding taken out of their pay. For 2019, the IRS anticipates making further changes involving withholding. The IRS will work with the business and payroll community to encourage workers to file new Forms W-4 next year and share information on changes in the new tax law that impact withholding. [link] [comments]  |
| How much is an actual, reasonable down payment on a house? Posted: 11 Jan 2018 07:25 AM PST My boyfriend (soon to be husband) and I would really like to move into a house and out of our apartment as soon as possible. He recently started a new job, which is finally allowing us to save money at a reasonable rate. We are expecting it to take a few years to build up an emergency fund and down payment. I knew that the suggested 20% down payment that a lot of real estate calculations show is the ideal scenario, but I still assumed that we'd have to put down 10-15% minimum. Then my friend told me that he put $5k down on his $100k house, and 5% is way less and way more reasonable than I thought. I also learned there are 0% down options, but those may not be the best. Before I call the bank to discuss this with them, I wanted some other opinions: What is a reasonable percentage? What did you put down? Were there any consequences to how much you decided to put down? For context: We live in a small urban area of Ohio with a relatively low cost of living. Our absolute maximum on a house would probably be around $150k, though we will probably be able to get what we're looking for at around $90-130k. [link] [comments]  |
| Got fired from my job of 8 years, never held any other jobs, freaking out with anxiety Posted: 11 Jan 2018 06:52 AM PST I never thought I'd be making this thread and I won't get into specifics, but I just got fired from a job that I have been working for the past 8 years. My gross salary before taxes was $38k. I won't be eligible for unemployment and will be losing my full time benefits (health, dental). I've never held any other jobs before this (aside from different positions within the same company). I do not know how to handle this and am completely freaking out and can't eat or sleep and I literally have no one to talk to about this. I have family over for the month of January so I can't even stay home because they would wonder why I'm not going to work.
My monthly expenses are the following: Rent: $300 Private student loans: $351 (min required payments; $248+$103) Federal loans: $102 Car payment & insurance: $329 Gas: $75 Cable/Internet/Misc Subscriptions: $151 ($115+$36) Food/Miscellaneous: Normally this was $300-400 but given my situation I can reduce this number to $150/month or less if necessary. Credit Card debit: $2300 (0% interest until October 2018). My upcoming minimum payment due on Jan 24 is $0. However I'd feel very uncomfortable not paying it.
I currently have about $3.8k in my savings account and maybe $2k worth of valuables/collectibles that I can sell if need be though I would really want to avoid that (clothes, sneakers, watches, gaming PC, etc). I have not job interviewed in over 5 years for a position and my resume is not really catered for anything external. I've never written a cover letter before. My understanding from the company HR site and policy states that they do not disclose reasons for termination if used as a reference and only provide hire / leave dates. But I know that wouldn't stop them from discussing my actions. I'm not sure how my chances of getting another job will be affected. If I don't include my previous employer on my resume, then I have nothing to show for the past 8 years. I need to understand the best way to ride this out. Should I request to somehow reduce the minimum payments for my loans? Would that be considered forbearance? I've never had a late payment and have always been current. I'll be getting my last paycheck tomorrow which is around $1200 and I currently have $400 in my checking account. My remaining payments for January is about $650. Also, with tax season coming up I don't if that's something I can "rely" on. How will I get my W2 and proper forms if I no longer have access to the pay site and whatnot. Is there anything that is going to directly affect my tax return or should I be hopeful that it will also buy me another month or so? Another thing I'm concerned about is my 401k. I enrolled really late and only contributed 4% but the account has $1900. Does it make sense to just withdraw this (I'd be getting around $800 I think if I went this route) or should I roll it over? I'm really hoping to get back to working by February the latest but I don't even know the minimum salary I'd need now to be able to manage everything. I don't know if any other information is relevant. This is strenuously difficult for me because I can't talk to anyone about the situation and if I bring it up to my family they will see me as a disgrace and not help me. I don't have any close friends either that aren't in direct communication with my family so even if I brought it up, it would ultimately paint me in a bad light. [link] [comments]  |
| Posted: 11 Jan 2018 03:41 PM PST Throwaway account because my username is well known. Backstory: a year ago my now ex-wife and I got a misdemeanor for domestic battery. I'm not going to go into details but because the situation was so minor the judge let us both off with a slap on the wrist. All he made us do is pay court fees. No probation, no jail, nothing.. but we were still convicted. Besides this both our records are squeaky clean. I'm about to be homeless in a few days and I have no idea what to do. My lease is up on the 15th and I can't renew because the landlord is selling the place. My application has been rejected from at least 15 different rental companies due to this misdemeanor. No body will sign a lease with me. My entire family lives in a different state so I don't even have a couch to crash on. The only reason I don't move back to that state is because my daughter is here. On top of all this I can't get a job. I'm a software engineer with great tenure that's easily worth $85k+. I've gotten 5 job offers in the past month that were all rescinded after background check came in. The little money I do have needs to be saved so I can pay for first and last months rent for a new place (but no one will take me). Is there anything I can do or am I seriously fucked? [link] [comments]  |
| I want to live alone. Is my income even close to enough money though? Posted: 11 Jan 2018 02:08 PM PST I live in Lynn just north of Boston and I just got a new job as a AAA roadside technician. My work, social life, and girlfriend are all West of Boston so my commute anywhere is usually an hour one way. Couple that with the fact I'm not really a people person, I want to just come home and cook and listen to music by myself or have a quiet night with my girlfriend, so ideally I really want to move out and live alone. I'm looking at studio apartments in Waltham and they're averaging about $1,400 a month with utilities. My new job pays $15.25/hour at 40 hours a week, I also get battery sales commissions, overtime, and bonuses for good reviews. However I don't know how much these are, how often I get them (overtime seems to be almost guaranteed), or if I should include them in my budget. I don't have any debt and the only thing I pay is $100 a month for car insurance. I also will have Friday and Saturdays off so I could get a second job. I know everyone here will say get a roommate but if I could get any answers or suggestions to make this work where I can live by myself I would really appreciate that. [link] [comments]  |
| Getting married, fiance wants to be on title for condo. Posted: 11 Jan 2018 03:17 PM PST I've been living in a townhouse/condo for exactly one year, paying the mortgage by myself. My father helped with 50% of the down payment. The home purchase was $425,000 with a 25% down payment ($106,250). My fathers name is on the title and the loan alongside mine, so technically we both own the property. I'm getting married this year and my fiance says she wants to be a homeowner too, rather than just 'pay rent' at my place. I told her instead of pushing to be on title for this property that we should save for our next home and buy that one together, being that she doesn't have enough money to invest in both my current home and potentially look for a new property in the next 2-3 years. I'm new to this and don't know much about how property ownership works once you get married. What's a fair way to approach this? Does she help pay/reimburse for some of the down payment? Whats the smart thing to do? [link] [comments]  |
| Am I Getting Screwed on my Car Loan? Posted: 11 Jan 2018 07:03 PM PST Quick back-story: Bought my car through cash down and financing in June of 2016 at an interest rate of 4.5% on approximately $23k. My partner and I each sold our cars and downsized to one nicer vehicle that we could share and pay off together. My credit was in a pretty rough spot, at the time, of ~580-620, bureau depending. I am glad to say that through timely payment, reducing debts, and handling old credit report problems, I'm now at a 795 and watch my credit like a hawk! However, I'm still not well-versed in how loans and interest work. My partner and I share a monthly car payment of $355. As aforementioned, interest rate is 4.5%. We pay extra every month, and pay instead $400. I called the bank in October of 2016 to make sure that the extra payment would be applied toward principal and not toward total interest/interest on the life of the loan. They assured me it would. Today I received a statement from my bank for the year saying that in 2017 we paid $851.95 in interest. Every month we pay $400, when the payment amount due was only $355. The statement says, for example, that of our $400 payment last month, $331.17 went towards principal. My question is, does that mean that ~$68 went towards interest? My calculations tell me that that means almost 18% of our payment went towards interest instead of 4.5%. I feel like we are getting screwed and I'm going to call tomorrow, but I'm not really sure if we are, or I'm miscalculating, and I don't want to raise hell if I'm actually mistaken. More info: The principal went down, after this payment, from $16,916.70 to $16,585.53 after our payment of $400. As I said before, the summary says $331.17 went to principal. Is the bank trying to pull a fast one? Tl;Dr: Applied for financing for car in June/2016. Bank promised extra payment would go towards principal. Found out we paid $851.95 in interest in 2017 out of $4,800 in total payments. This seems like we are paying 17.7% interest instead of the 4.5% stated. Thanks in advance kind financial gurus! I apologize if I seem ignorant in this matter. Truth is: I am. [link] [comments]  |
| Budgeting for open bar wedding Posted: 11 Jan 2018 06:50 PM PST My fiancé and I are getting married in June, and our wedding will be open bar. We are having great difficulty figuring out how to budget for alcohol. Our main point of debate is how many drinks per person we should budget for, and what the breakdown should be (i.e., how much beer, wine and how much hard alcohol per person). We have 130 guests, and we are aiming to overshoot a bit, as we can return any unopened alcohol. Worth noting - we are Canadian and our families like alcohol. [link] [comments]  |
| Anybody use Acorns? Recommend? Posted: 11 Jan 2018 04:51 PM PST Title. Started using Mint recently and I really feel like I'm making changes for the better. Thought maybe this would be a good way to add a little extra something on top of that. Thoughts? [link] [comments]  |
| Am I managing my money correctly? I am 24, and my parents taught me NOTHING. Posted: 11 Jan 2018 02:43 PM PST Hi everyone, Quick context: my parents taught me nothing - they had good jobs but were constantly overextended, in debt, house poor, etc. To this day, they continue to advise me to just put things on credit cards, that X is not a lot of money to spend on Y (over-priced thing), etc. I had to explain credit scores to my mom a year ago. My situation: luckily, I graduated with only 1500 in debt because of scholarships and going to school in a different, cheaper country. I paid that off within a few months after living pretty frugally. My current situation= Salary: just got a raise to 75k from 70k effective Jan 1 Bonus: just got my 2017 bonus which is 15k or about $8,500 post-tax Savings before bonus: $10,000 in 401k, no company match $6,500 emergency fund Debt: None I live in a very expensive city (think SF, NYC). Expenses: $180/month in FSA, $122/month pre-tax transit, vision insurance, and 6% goes to 401k leaving me with about $3540 after tax/month.. Rent: 1125 Dog walker: 200/month Therapy (told you I had crazy parents): 200/month Medications: $25/month Dog supplies (food, treats, incidentals): $25-30/month Food/month: $560 (I eat out a lot) Incidentals: $150 (medical copays for random appts, cleaning supplies, toiletries) The rest: discretionary spending, travel, hobbies, etc. My credit score is about 735. (It was 500 when I graduated because my mom let several medical bills default that were under my name even though I was on her insurance and her dependent). So, where are my weak spots? I was thinking I would, with my bonus, bring my emergency fund to 10k, put aside 2400 for the dog walker for the whole year, and then maybe open a Roth IRA and put in $2500? Any other ideas? Am I doing okay? For context, I made 70k this year but the year and a half before I only made 55k. I used my bonus last year to create my emergency fund (I had no non-retirement savings). I graduated in Spring 2015. Sorry if this is dumb, I just genuinely don't know if I'm heading in the right direction or if I'm making major mistakes. I've done most of my financial learning by reading online articles and asking savvier friends. [link] [comments]  |
| Is something wrong with my Social Security number? Posted: 11 Jan 2018 12:09 PM PST I've had some issues with my SS number the past few years. Whenever I use it to verify my employment status, open a bank account, etc... they seem to have a hard time verifying it. For example, I recently opened a new investment account and it should've been an easy online application but they said they couldn't verify my number, so I had to go in person to a nearby branch and had to bring my SS card and two forms of government ID. The same thing happened when I got a new job last year. When I submitted the employment paper work for taxes and withholding information they couldn't verify my SS number and they had to call me and I had to complete additional verification steps. As far as I know, I have not come across any fraudulent accounts opened in my name. Is this problematic? Has this happened to anyone else before? [link] [comments]  |
| Posted: 11 Jan 2018 07:06 PM PST I am fresh out of college with my first job, still sort of living off of my college budgets (tons of expendable income). I want to start working on retirement savings or investing but I am not sure how to start. I live in ND, so my income tax is pretty low (~2%). I am in the middle of my tax bracket so I couldn't drop down a bracket without putting too much into my 401k. My company matches up to 6%, but stages vesting by 20% a year (fully vested after 5). I also want to go back to grad school. What is my best option? [link] [comments]  |
| Boyfriend's family used his identity to open accounts and they went to collections Posted: 11 Jan 2018 12:42 PM PST Please help if you can. My boyfriend's brother's girlfriend had opened accounts with Sprint and Comast under his credit without his consent or knowledge. He did not know about this until they were sent to collections and he started getting calls to collect money. I am unsure if he has paid anything on these yet. He didn't tell me until recently because this happened to him before and I panicked. He hid it from me to keep me panicking again, but I made it clear that this is our financial situation now ( we agreed not to get married until it makes financial sense to do so.) He tried talking to Sprint and Comcast and they refuse to do anything about it. My mom suggested we dispute the mark on his report. Please help us with any advise you may have. Thank you so much for taking the time to do so. [link] [comments]  |
| Non Resident Family Member Has $2 million+ in Bank of America Savings Account. What Can He Do? Posted: 11 Jan 2018 05:26 AM PST I've learned that a family member of mine has more than 2 million dollars just sitting in a Bank of America savings account. He lives overseas, and I work in the US as a resident alien. He apparently opened the account while he was visiting me a year ago. He wants me to help him invest the money, and I'm thinking a bond index fund since he's very risk averse and wants to use the money for his retirement (he's close to 60). I just don't know how he can do it. Vanguard requires you to reside in the US or a specific set of countries to be able to open up an account, and he's not from any of those countries, so that's out. Any ideas? Anyone in a similar situation where they have money in the US without being present in the US themselves? [link] [comments]  |
| Posted: 11 Jan 2018 03:10 PM PST Dear /r/PersonalFinance, Using a throwaway... not comfortable with using my regular account. Thank you for understanding. So long story short, both of my parents have passed away over the past couple of years and the house has not been lived in for several months. My siblings and I (aged 30s, had previously moved out) are clearing out the house (save for some furniture to "stage" the house) and none of us are going to buy the house and are going to be selling their house and splitting the sale money evenly. The house is in decent shape. Needs a few minor repairs and it has a pool for which we'll defer to the realtor as to whether we keep it as-is or fill it with dirt or otherwise close it. None of us have ever sold a house, and we want to hire a realtor, and may interview several before choosing one, but for those of you that have either been through this, or at least sold a house, what are some questions we should be asking the realtor as we either interview them, or questions we should ask about the sale process once we've decided to go with a specific realtor? Am I overlooking a possibly more appropriate sub-reddit? Thank you! EDIT: Siblings and I have been in touch with our state's probate. Parents' estate owns the house and their will indicated that my siblings and I would split everything evenly. [link] [comments]  |
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