Recommendations on what to look for in an agent? Met with two and don't know how to choose between them. Real Estate |
- Recommendations on what to look for in an agent? Met with two and don't know how to choose between them.
- Why did my zestimate drop 20% exactly one year following purchase?
- Excavation/Site Work. Vacant land small subdivision. The back 3rd of the 3.3 acres is a little swampy or "wet".
- HOA Foreclosure
- What realistically happens if a house has tons of unpermitted work?
- First Time Homebuyer: Are these potential problems in a 1951 remodeled home?
- ex wants to be off the mortgage before signing the quitclaim deed. What should I do?
- Does this house sound fishy?
- Buyer hasn't sent funds yet. Should I be worried?
- Dormers on cape cods? Ballpark prices?
- Greenhorn considering flipping in [TN]
- [finance] Getting a refi appraisal and I have some cosmetic DIY projects in progress like replacing carpet with tile, repairing exterior trim. Should I finish those before the appraiser comes, or does that matter to the calculations?
- Moving to new state to start new job, can we be approved for a first time mortgage?
- Just How To Get Out (WI)
- Question about timing of when to go mortgage shopping [TX]
- Same job, same working location but new employer. Does this delay my pre-approval process?
- Purchasing new construction
- new roof? and dilapidated garage (WI)
- Does this purchase seem abnormal or fishy? [CA]
- Where is the best place to get listings of properties that don't have seller agents?
- Simple, inexpensive 2D floor plan designer/software
- (AU) Need advice for GF's situation with her current accommodation!
- Selling - New Hampshire
| Posted: 27 Jan 2018 04:23 PM PST I'm in the market to buy a condo and I met with one agent that was recommended through a friend and another that was assigned to me through a Redfin inquiry. I've met with both of them and both had their plusses and minuses. Does anybody have some tips on standard things for which you look when selecting an agent to help you find a place? I'm a first-time buyer, so I'll take any advice! EDIT: I'm in Los Angeles. Sorry for missing that! [link] [comments]  |
| Why did my zestimate drop 20% exactly one year following purchase? Posted: 27 Jan 2018 02:10 PM PST Had previously done some usual fluctuations +/- 5%. This is a little drastic, granted Seems algorithmic based on timing. I know these are pretty meaningless, but still worries me nonetheless. We plan to sell the house in 4ish Years, so losing this much would be awful Other homes in the neighborhood seem unchanged. Any clue why this would have happened? [link] [comments]  |
| Posted: 27 Jan 2018 03:23 PM PST What is the best way to "fix" it? Can I fix it? Or make it smaller? It runs about 50 ish feet wide and 300 to 400 ft long. In what ways can I fix it? The end of the property ends just on the back side of the water. We would plan on building a house at which there is still plenty of room of course. Is there anything else I need to know? It would require a well and septic system also. Vicksburg, MI [link] [comments]  |
| Posted: 27 Jan 2018 03:19 PM PST In 2012 I moved to Colorado with my now ex gf. She bought a house in a neighborhood with an HOA and I signed a quitclaim to be added to the title. She was the sole party on the mortgage (i'll spare you the unimportant details as to why). In 2014, we break up and I move out. In 2016 she falls behind on the mortgage and foreclosure proceedings are initiated. The HOA sends someone out to remove her trash bins because they say due to the foreclosure she's no longer eligible for HOA benefits. She's able to come to an agreement with the mortgage lender and the foreclosure is stopped. She contacts the HOA lets them know and asks for all HOA benefits to be reinstated. They said, no. So she stopped paying her HOA dues. (I don't know this part to be factual, this is what she told me). Fast forward again to 2018. So long story long the HOA has initiated foreclosure proceedings. The best part is I am included in these proceedings because my name is on the deed. I've scheduled a meeting with a lawyer but am looking for any advice as to what my options are. I contacted the HOA lawyer and he said my options are :1) let the house go into foreclosure which obviously effects me negatively for some time 2) pay the money that's owed and file a quitclaim once the foreclosure proceedings are stopped. [link] [comments]  |
| What realistically happens if a house has tons of unpermitted work? Posted: 27 Jan 2018 10:51 PM PST I have less than 0 interest in this house but it is in my neighborhood. The house has had all kinds of work (additions, elec, plumbing, A/C, siding, etc.) done on it in the past couple of years. A lot of the work looks amateurish and I'm 99% sure little to no permitting was done. The house is up for sale so I'm curious if it is a trap for buyers. Edit: I should have specified a location in the title. House is in Texas. [link] [comments]  |
| First Time Homebuyer: Are these potential problems in a 1951 remodeled home? Posted: 27 Jan 2018 01:31 PM PST My wife and I are beginning to look at buying a home in North Carolina. We aren't sure what to look out for as we start this process. We visited a home today with a realtor for the first time and had some questions about things we saw. The house is a brick and stone ranch-style built in 1951, and renovated in the last year. Everything inside the home seems like it was done with quality materials (granite countertops, new appliances, wood floors, new bathroom tiling, etc.). The only issue we noticed was a dip in the floor of one of the bedrooms near the front corner of the home. There was a slight gap between the floor and the molding (sorry, no picture of this). On the outside we noticed a few more things, and have pictures with questions in the album. We're just looking for any advice y'all can provide about the quality of the work and if things in the images seem normal for a house like this one. Thanks in advance! [link] [comments]  |
| ex wants to be off the mortgage before signing the quitclaim deed. What should I do? Posted: 27 Jan 2018 10:44 AM PST ex and I bought a house together, both names are on the deed and mortgage. fast forward we divorced over a year ago. In the divorce decree I get the house with needing to take over the mortgage. My question is, what should the procedure be? Ex does not want to sign the quitclaim but the lender won't take her off the mortgage before the title is only on my name. I have the funds to pay off the mortgage (which will save me about 2k in refinance costs, and even more in interest) but I envision me having to hire a lawyer to force the ex into signing the quitclaim. Edit: I'd like to clarify, ex does not want to sign the quitclaim while is still on the mortgage, claiming it will be done after the mortgage is transferred. Edit2: Bot is asking to add location, house is in Atlanta GA [link] [comments]  |
| Posted: 28 Jan 2018 01:00 AM PST I am so sorry I keep posting on here but I still feel like I don't know what I'm doing when it comes to buying a house with all the logistics involved even though we have taken homeowners classes. We are in mt and a house recently came up for sale for about 49,000. It's a three bedroom and was built in 1923 according to the documents, It was bought but never lived in by the owners and instead they used it as a rental property. Thy had the same tenant for almost 30 years but then she got to be elderly and moved into a nursing home. Around the same time one of the owners passed away. The house was put on the market, ready to be sold but then the sale fell through. The owners decided they just don't want to be in the rental market anymore and are getting rid of all their rental properties at a fast rate hence the low price. We decided to look at the house and it's very dated(we would have to redo one bathroom and the flooring due it being carpet and 70s linoleum in the kitchen). The real estate agent suggested we get an inspector but that it has been updated in the past few years(new breaker box, water heater, furnace, new roof, sewage has been flushed). I was really excited about the house because it's the perfect size for us and besides some questionable things about the foundation(it had some cracks?) and everything was below the house on a dirt floor including the water heater and furnace. Those things I was worried about due to obvious reasons. But then the realtor gave us the seller questionnaire and it was barely filled out. They filled out the things I stated above but nothing really about what type of siding, what kind of insulation, the foundation, plumbing, pests etc. He did put an emphasis on contingencies and that those are very important when getting a mortgage. I just keep getting an uneasy feeling about this whole process. I am getting an inspector due to the questions we have and it does sound to good to be true at this point. Or it could be dumb luck or the house has a hidden secret like asbestos, mold or horrible foundation/pest problem. [link] [comments]  |
| Buyer hasn't sent funds yet. Should I be worried? Posted: 27 Jan 2018 04:14 AM PST So I put my house on the market a few months back and I had multiple showings and a few offers at asking price. I had one potential buyer that was wealthy and was basically going to pay cash for the place. My realtor advised me to go with that guy because this would avoid funding issues plus the buyer wasn't using a realtor and this would save me a point off the commission. It seemed like a no brainer to me so we accepted his offer. The option period came and went and the guy never did an inspection. My realtor said the buyer could still do an inspection but he didn't have any leverage at this point if anything popped up. Luckily the house is in great shape so I wasn't really worried about it. I think it's nuts to buy a used house without an inspection but it's his money. The week of the closing rolls around and I get a call two days before from my realtor. The buyer had some work issues and wanted to move it out a week. This was a pain because I had already arranged to have utilities and insurance ended but I agree and get things moved to the following week. I show up at the closing and am told that the buyer couldn't be there due to another work emergency but they are faxing the closing documents to his lawyer and I should receive the closing funds by noon to 2p the next day. I signed the papers and turned over my keys. Yesterday was the day and I didn't receive my funds. I called the title company and they said the buyer had signed and sent them the completed documents back. However they had not received the funds yet. They said they called him and left him a msg requesting the wire transfer transaction numbers but hadn't heard back yet. My realtor called him around 4p that day and the buyer said he had wired the money and wasn't sure what the delay was but he would check on things. The end of the day rolled around and I never received my funds. My realtor says that hopefully they will be arrive Monday. The water is turned off but I had the power and insurance extended for another week. I made the mistake of googling this guy's name and I found out he had been arrested for felony theft about 10 years ago. This makes me nervous. I can't figure out what the guy's game would be though. The title company still has the keys and I guess I'm still the owner since the funding hasn't cleared. I think the guy is having trouble getting the money together and is stalling for time. If the funds don't appear Monday, what are my options at this point? The purchase is being made through the buyer's LLC. That is what is listed on all the contract paperwork. [link] [comments]  |
| Dormers on cape cods? Ballpark prices? Posted: 27 Jan 2018 10:24 AM PST Anyone do this and have an idea of the price? Idea being to take an original cape with two sloped bedrooms upstairs and do shed dormers in both the front and back to create two non sloped bedrooms and a bathroom upstairs. Location would be NJ, but I am interested in the price for any related project if you have had it done. Pictures as well if you got em. Thanks [link] [comments]  |
| Greenhorn considering flipping in [TN] Posted: 27 Jan 2018 10:42 PM PST So I've been divorced for a year now, living in my camper. I've managed to finally become debt free and I'm ready to start thinking about a house. My goal for the next four+ years is to get a house, live in and remodel, and to see how fast I can get it turned around and resold to move on to the next. I've never flipped before, but in my previous 2 houses I remodeled & learned a lot, I'm pretty handy in general. My spirit animal is MacGyver. A few questions. I'm debt free, but I need a loan. My understanding is that short sales and foreclosures usually require cash, thus disqualifying my situation. Is this an accurate assessment? Best way to find houses that need work for cheap? I've come to believe that the most important thing is to find a house in an area that is surrounded by higher value houses to leave room for profit on the back end. Any tips or rules of thumb here? Cherry properties, in my eyes, would need work in the kitchen and bathrooms, probably flooring, deck and outdoor living area are easy too... What are red flags? Things too costly to have to bother with? I'm guessing cracked drywall, how doors close, to determine foundation and look under the house and in the attic for signs of water/insect damage... Then if it passes my inspection, get a home inspection. I have a thing for garages, if you add one on, is it worth the value that it would add, or should I just suffer through until I reach my 4 year goal? Zillow is easy, but I have heard it isn't as accurate as MLS. the MLS in Tennessee is kind of a pain, convoluted for searching within a drawn area on a map. Best websites for hunting in my situation? At least a radius search. Should I get a realtor right off the bat to aid in the whole process? That's all for now, but I'm sure I'm not thinking about a ton of pitfalls. Any stories, tidbits, advice, and links to good flippy information is much appreciated. [link] [comments]  |
| Posted: 27 Jan 2018 07:28 AM PST Edit: Texas. Post Refi, my LVT will be about 40%, so I'm not worried about the valuation, I'm more worried about the appraiser requiring completion of the projects before closing. [link] [comments]  |
| Moving to new state to start new job, can we be approved for a first time mortgage? Posted: 27 Jan 2018 09:24 PM PST Moving from Orlando to IL to start a new job. SO and I want to buy a house as we plan to live there for a long time. The area we are looking at for a 2 bed 1 bath house, they run from 60k to 170k. There is a surprising amount of houses under 100k and we know we can afford the mortgage (we have yet to calculate the rest, input on that may be helpful too). We both have good credit and will make about 70K annually combined at our new jobs, we make about 50k to 60k combined now as freelancers. My questions are, how likely is it that we will be approved with new jobs? I have read a lot of post about the lender wanting 2 years at the same job steadily. Will we need to wait two years to apply for a mortgage? How much can it hurt our credit to apply and be denied? Would it be acceptable to go to a lender just to ask these kinds of questions, if there is a possibility we won't apply? [link] [comments]  |
| Posted: 27 Jan 2018 09:19 PM PST So long story short. Realtor was referred to me by a close friend/coworker. Overall thought this would work well as I was looking to buy 1-4 families for investments and he owned 12+ and understood what I was looking for. Ends up selling me a property that was supposed to be a full "rehab". They barely redid the floors and slapped some paint on it. Got major issues with the house and will result in city code violations. Also seller is refusing to provide info in writing and just gotten shady. I told the realtor today I want out. He instead tries to convince me that all the items can be fixed. One major issue is that the heating is an old steam boiler system. I wasn't aware at first looking at the property it would be a big issue but after talking to people it's a huge headache plus the thing was leaking when I just walked through after the whole"rehab". The seller was giving a home warranty however that's only for a year. When I brought up my concern about the boiler my realtor nicely said oh just keep renewing your home warranty so it will be covered by that. So eat into cash flow which was my first and foremost importance with the property. Yeah no. At this point I feel like he's working for the seller not me. The email I sent said I want out and no longer comfortable with the deal. I got no where. No mention of sure let's do this etc. What options do I have? Appraisal isn't done and neither is the inspection. Closing got pushed out another week because they were still working on the house yet a tenant has moved in so not sure how that even happened. [link] [comments]  |
| Question about timing of when to go mortgage shopping [TX] Posted: 27 Jan 2018 09:13 PM PST I've looked up and down Google and subreddits to research for my upcoming home purchase (in the near future, haven't started yet), but I'm reading conflicting advice of when to go mortgage shopping, and they both make sense.
So should one go mortgage shopping before preapproval or after your purchase offer is accepted... or in between? Any help is appreciated [link] [comments]  |
| Same job, same working location but new employer. Does this delay my pre-approval process? Posted: 27 Jan 2018 08:23 AM PST Been doing the same job for 7 years but a new employer will be coming in and I'll be getting transferred to their payroll in 1 month. Will this delay the process as I begin looking to purchase a home at all? [link] [comments]  |
| Posted: 27 Jan 2018 06:10 AM PST I cannot sell my current home just yet or rent it out. It needs a lot of work. I am looking at new construction in my area. Can I do the following ?
I have a good deal of equity in my home. How can I leverage this to get into a new home without selling my old one. [link] [comments]  |
| new roof? and dilapidated garage (WI) Posted: 27 Jan 2018 04:26 PM PST Hi All, My husband and I are first time home buyers. We found the perfect home and it's in excellent condition. It's built in 1924, solid brick, and the price is 199,900. We're approved to 225k, but we're hoping to stay away from the max. Anyway, we did our home inspection yesterday: foundation excellent, electrical--safe, some undisturbed knob&tube, and more modern wiring, plumbing functioning well, heating was good. all positives....and then...... The roof. There is a small spot on the back porch that we knew about that needed repairs because water must have been coming in and causing mold to start. fixable. wasn't a deal breaker, but the inspector told us that the whole roof is pretty much at it's end of the life. He gave maybe 3 years and said it has 3 layers of shingles, but doesn't think there are wood shingles underneath. The roof is also a cross gambrel style. Which--is beautiful, but probably too steep for us to try to shingle ourselves. We're getting a quote on Monday. But....how likely do you think it would be for the sellers to negotiate and either give us a credit, reduce the price, or replace? The fact that the porch portion is leaking makes me feel like there are already defects and they had a buyer walk away once. However, when we put our initial offer in, we were told the buyer wouldn't accept below asking price. Which...frustrates me a little because they are marketing their 'two car detached garage' --which, has half the roof rotted into a giant whole and cracks in the concrete walls. It's not functional --and will be a pain in the butt to try to demolish because it's all concrete and I'm not sure we could it ourselves. Will insurance even let us have it on the property? Will insurance company's even insure you with an end of life roof? When I called one of them, that seemed like huge red flag for them, but at the time I didn't know the age of the roof--so I told them we were still negotiating. If the sellers won't negotiate at all, I'm afraid we'll have to walk--despite loving every other part. However, to think about paying for a roof immediately after a down payment, appliances (because this place only has a fridge), and whatever else pops up---seems like an expense not in our budget yet. 10 years, yes. even 5 maybe...but less than 3....ugh. [link] [comments]  |
| Does this purchase seem abnormal or fishy? [CA] Posted: 27 Jan 2018 08:47 AM PST Hey /r/realestate, I am trying to buy a condo right now and this whole deal seems abnormal to me. I wanted some second opinions. To set the stage, I am in California trying to buy my first place and coming in with $30K down on a VA loan. This is what has happened:
Along with this, closing costs a couple weeks ago were estimated around $9,800 and now the loan company is estimating more like $14,500. Does that seem abnormally high for a place at this price range considering I am coming in with a down payment and doing a VA loan? Does any of this seem fishy and should I be worried about what's going on? It seems like they're (seller) just dragging this process along and I am just being left in the dark while getting nickel and dimed thousands for these closing costs. [link] [comments]  |
| Where is the best place to get listings of properties that don't have seller agents? Posted: 27 Jan 2018 07:49 AM PST |
| Simple, inexpensive 2D floor plan designer/software Posted: 27 Jan 2018 08:48 AM PST Hi, I have been struggling to find a decent floor plan creation software/website. Here's some basic criteria that I'm looking for:
Here are those that I've tried so please do not suggest them:
If there are any programs not mentioned here that you like to use or have had a good experience with, please let me know. I'm about to blow my top trying to find one by google searches and forums. USA [link] [comments]  |
| (AU) Need advice for GF's situation with her current accommodation! Posted: 27 Jan 2018 10:38 AM PST So not 100% sure if this is the right place for advice, but my girlfriend wants to move out of her current apartment due to not liking the way it is and it makes her depressed (she has depression). She wants to rent it out to other folk who would find the place useful being its close to major universities in the city, and rent an apartment elsewhere. However she does not own the property herself rather her stepdad does, and from her perspective hes a bit of a cunt to her. Stepdad does not live in Australia, since GF is "studying overseas" and this apartment is bought under student accommodation agency called UniLodge. (unilodge.com.au) Because of this GF cannot directly ask the Unilodge management team to rent the apartment out for her while she collects rent, i understand that it is the property owner/investor (stepdad) that receives the rent. she gets upset when i suggest that she should go talk to her stepdad about the issue, however her mom is supportive of the idea of renting the place out. All im asking is whether there is a way to dodge unilodge management and her stepdad finding out shes renting the apartment out secretly and still be able to collect rent. [link] [comments]  |
| Posted: 27 Jan 2018 06:45 AM PST Hi All, I built my house in 2008 in rural SW NH. My timing was not the best. What saved me was I spent 10 months of weekends actually building the house. Basics-
I included some premium upgrades.
All well and good. The down side: Kitchen is not the great: $ 0 Budget
Master bath - 3,000K budget
The rest of the house needs paint, but nothing exceptional left to do except replace some wood trim that has some wear. Question: House range for sale of near by homes is 200K (not water front)-250K (on a comparable lot) for comparables. I owe 180 on the loan What would be the recommended bare min. upgrades to be able to sell at the high end of the range - 250K. I am also curious if adding a solar PV system (ground mounted) that could handle 100% of the electric bill would be something that a buyer might be interested in? I am in the industry and could build a 35K system for under 10K. Could this be a closing condition, as the investment would be solely to increase the homes value. Thanks for your help. [link] [comments]  |
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