[TN] Appraisal just came back wanting structural engineer and roof inspection. Real Estate |
- [TN] Appraisal just came back wanting structural engineer and roof inspection.
- If HOA has no earthquake insurance, and earthquake crumbles the whole unit, am I out of luck?
- To what effect does the weakening USD have on new buyers and current homeowners?
- Using a builder's preferred lender?
- Agents, would you use a marketing company to get appointments with sellers?
- Opinions on butcher block countertops and resale value?
- Too soon to be looking?
- [MN] Buying a Condo in Snow Country
- Found a bit of property and the owner is selling the parcel next door. My conventional loan doesn't cover buying the property, is the anything the owner can do to sell it as one? Washington state.
- Question about buying a duplex using an fha loan
- Need help with selling a home
- NYC/US - Buying a new home. How do you shop for home insurance? Are they all the same? Should I go for the cheapest?
- [US] Historically speaking, how does public & private investment in an urban area affect the real estate prices of nearby neighborhoods? (especially low-income ones)
- What is one piece of advice you wish you knew when you started in real estate?
- (IL) Overwhelmed by our first homebuying experience, what questions should we ask?
- Housing Authority Stopped Paying Rent
- Want to make an offer on a condo...but it's overpriced
- When to sell based on when you’re moving?
- Why should I worry about permits?
- Signing a contract today on a new build - What do I need to do between now and closing?
- Is it a bad time to buy?
- (CA) Buying undeveloped land near San Diego, yay or nay?
- 2nd Chance Rental
- How would you expand this rental application
- HUD purchase with FHA 203b
| [TN] Appraisal just came back wanting structural engineer and roof inspection. Posted: 26 Jan 2018 01:33 AM PST This is after we had our home inspection and the seller has made the repairs we had requested. The seller was already hesitant on our requests but their agent convinced them the repairs would be called out by the appraiser anyway so if they got them done now things would be smooth sailing. Appraiser is concerned with the roof and is requiring a roof inspection and also concerned with some stair stepping on the brick outside the home. With all this new info our agent is trying to get the seller to pay for roof and we pay structural inspections. At this point my wife and I are at our breaking point. The home is a USDA loan and has been 1000x more stressful than our first home purchase 3 years ago. Our realtor is trying to have the structural engineer agree to be paid at closing (which I don't see happening) and have the seller pay for roof inspection (which also won't happen because at the first round of repairs they said they didn't have the money for the initial repairs but we're going to figure it out). We were about 3 weeks from closing and now all this has happened. What options do we have? I'm sure we will lose our earnest money which is a huge deal but if we back out are there other fees we have to pay? Sorry for the long rant. Very stressed. [link] [comments]  |
| If HOA has no earthquake insurance, and earthquake crumbles the whole unit, am I out of luck? Posted: 25 Jan 2018 03:06 PM PST I am a condo owner in the Bay Area and my HoA does not have earthquake insurance. If a 8.0 earthquake hits, and my unit crumbles, what options will I have. Do I lose the condo pretty much? [link] [comments]  |
| To what effect does the weakening USD have on new buyers and current homeowners? Posted: 25 Jan 2018 07:41 PM PST |
| Using a builder's preferred lender? Posted: 25 Jan 2018 10:43 PM PST Any opinions? We are currently working with our current lender (credit has been pulled, loan application in process, etc... they are stellar to work with, come highly recommended, etc. Rate lock 60 days out). However, we are building a new home with a builder and they recommended their lender which entitles us to a $7.5k incentive for design add-ons, rate lock lock at 120 days out, and no penalty for closing late. What's the catch? Is there any disadvantage or rules to pulling out of an existing loan application and going with someone else? Thanks. [link] [comments]  |
| Agents, would you use a marketing company to get appointments with sellers? Posted: 25 Jan 2018 10:38 PM PST [USA] If you could cut out having to dig through FSBO and Expired listings and contract a marketing team who could set appointments with sellers would you use such a service? If you're answer is no, why wouldn't you? [link] [comments]  |
| Opinions on butcher block countertops and resale value? Posted: 25 Jan 2018 01:05 PM PST What is the consensus on butcher block countertops when it comes to resale value? For context, we are doing a kitchen remodel in order to ultimately sell our house. I think I am approaching my break-even point in terms of ROI, and saving a couple grand by using butcher block instead of granite/quartz/etc. will help keep me above water. Edit: Located in SE Michigan. Solid middle class older neighborhood where average selling price these days is around 350k. [link] [comments]  |
| Posted: 26 Jan 2018 04:12 AM PST Hi real estate- Had a quick question. I am looking to buy a home next year. I have no idea what I want, what I am looking for, where in the city I live in I want to live (I have a general idea but I need more information and a deeper understanding of those neighborhoods), and I have little to no understanding of the details of the process. I have started to look now, I want to start looking at houses and getting a feel for them, not to buy those specific houses but to understand what I want when I am ready to buy. I also want to do thorough research on the agent I go with, specifically related to the type of home I want to buy (ie some agents have less experience with new construction vs existing homes). I am being told by multiple people I am starting too soon and this is not the right way to go about things, and that I shouldn't start looking at homes lest I fall in love with one. I know that I am a very detailed and picky person and I want to avoid feeling dissatisfied or unprepared when I put that down payment down. I wanted some advice on this and some input from neutral third parties on their experiences. My location is Philadelphia. Thank you so much! [link] [comments]  |
| [MN] Buying a Condo in Snow Country Posted: 26 Jan 2018 03:51 AM PST So, I am really thinking about buying a condo in a high-rise in my city. I think I am done with the joys of home maintenance and would like to focus more on my career and traveling. I do have three toddlers and am going through an unforeseen divorce. In the next two years, I would like to buy a condo or a home, but am leaning towards a condo. My employer owns all of the land that surrounds the condo building that I am focusing in on. Any advice? What should I be planning now to buy a condo in two years? Is buying a condo (2-bed, 2-bath) with three toddlers a bad idea? What are the down-sides of buying a condo vs. a home outside of the city? [link] [comments]  |
| Posted: 25 Jan 2018 07:28 PM PST edit: *house on a bit of property, oops. I imagine I could sign a contract stating that if he was able to combine the parcels that I'd buy them, considering it's probably a ton of paperwork... [link] [comments]  |
| Question about buying a duplex using an fha loan Posted: 25 Jan 2018 07:52 AM PST I'm buying a duplex using an fha loan but I might be going to college over 100 miles away in 6 months so I won't be occupying the duplex anymore, is it legal to move out for college? [link] [comments]  |
| Posted: 25 Jan 2018 02:13 PM PST I have a home that has been listed now for 190 days Here I need some advice on getting it sold and have a few questions -Should I come down on the price again? I think that the asking is fiar but I'm not sure if it is just a slow market or what is going on -It's listed with an agent, but I'm starting to think that she may not be the best agent to list with. After doing some research I can see that there are other agents that may be better, can I list with another agent? -How long should I wait before making another price adjustment? Thanks, I hope that I am posting in the right place, please let me know if there is a better location for this post! [link] [comments]  |
| Posted: 25 Jan 2018 06:41 PM PST Buying a new home. How do I go about buying homeowner's insurance? Can I go ahead and buy the cheapest homeowner's insurance available? Are agencies/brokers the way to go? Thanks! [link] [comments]  |
| Posted: 25 Jan 2018 01:26 PM PST My intuition says that real estate prices (for rental properties) would go up, because that becomes a more attractive place to live. However, I'm new to real estate investment and I could imagine that there are a number of other factors I'm failing to consider. By "urban revitalization" I mean developments like:
Does anyone have experience investing in locations like this, or know of historical cases where one or the other has happened? Thanks! [link] [comments]  |
| What is one piece of advice you wish you knew when you started in real estate? Posted: 25 Jan 2018 09:45 AM PST The title says it all. I'm just in my first six months and I'm finding lessons in everything I do. What are some of the more profound lessons you've learned through out your careers? [link] [comments]  |
| (IL) Overwhelmed by our first homebuying experience, what questions should we ask? Posted: 25 Jan 2018 08:10 AM PST Hello. I'm going to be all over the place (and probably asking dumb questions) so please bear with me :( My boyfriend and I are in the process of buying a home in the state of Illinois, specifically in the Naperville/Bolingbrook/Lisle/Glendale Heights/Villa Park (western suburbs) area. We are currently booking home viewings through a local real estate agent and his team but I feel like we have done this backwards. I would like some insight on things that we should know ahead of even viewing a home, putting in an offer, getting a loan/mortgage, the documents, home inspections, how much to pay who and so much more. We've done so much research but the articles online don't go so much into even the process of putting in an offer nor do they mention even getting a lawyer or anything about property taxes so I feel like we're missing out on so much information that is important. BF has been pre-approved by a lender for a loan and honestly I don't even know what that means. Is he also approved for a mortgage or is that another process? Our budget is $230k or less for a house or a townhouse. He would like to keep the property taxes under $5k if possible but he also heard they hike those taxes after buying the house. Is this true? While we are currently viewing houses, I feel like these questions should be asked before we even continue looking at homes. Okay so here are MY questions: 1) Say we are with X realtor/company and there is a home being sold by Y realtor/company, do we have to pay them both or do they split the profits? 2) Should an offer be lowballed? What I mean by this is if the listing says the home is valued at $215k and Zillow estimates the value at $200k, should an offer be put for $200k-$210k? Could it be lower? Higher? Should we get the opinion of the realtor? 3) Home inspections: should that be a contingency on the offer or should we be paying for that ourselves? 4) A lawyer, should we already have one during the process of viewing homes? 5) Is there anything else we should know/ask the realtor being first time homebuyers? Thank you and again, apologies for being all over the place. We are incredibly overwhelmed by the process. EDIT: HOA fees for townhouses are also pretty confusing and messy, should we steer clear of townhouses or should the lawyer take care of that? There are some horror stories of hidden fees and rules covered/charged in the HOA fees so we're terrified. [link] [comments]  |
| Housing Authority Stopped Paying Rent Posted: 25 Jan 2018 06:10 AM PST This is an Illinois based question: I had a judgement entered against me for a foreclosure that is a rental. Through various delays the sale date has been put off for several months(all most 6 month now). The Housing Authority decided that since a judgement was entered 6 months ago they no longer need to pay rent. Is there some legal action I can take to collect back rent and damages? I still have various expenses with the property. Any ideas?? [link] [comments]  |
| Want to make an offer on a condo...but it's overpriced Posted: 25 Jan 2018 04:01 PM PST Hi all, I'm looking to buy my first place. Looking for a 2BR/2BA with my brother (he'll be renting from me) in northern VA. So my agent and I have found a place that I like...the only problem is that it's 225k list price and my agent told me that other nicer places in the same complex have sold in the last year for 205-215k...he says the place I'm looking has a lot more wear and tear and doesn't seem like he thinks making an offer is a good idea, but I like the place! Should I make an offer anyway? Would it be ridiculous to ask for 210 or less when the seller is asking for 225k? I'm afraid it won't even appraise for that much! [link] [comments]  |
| When to sell based on when you’re moving? Posted: 25 Jan 2018 02:51 PM PST Hi everyone - We just had our initial meeting with our realtor to sell our home (Utah). My spouse is military, and we have orders to be somewhere no earlier than July 1. But, with move time cushion and taking leave, we can leave 3 weeks before that date, so early to mid June is when we can be out. Our realtor wants to list the house the first week of April including an open house. I understand why she wants to do it then based on it being a good time to put a home on a market, but let's say we get extremely lucky and get an offer that first week. Then another 30-45 days to work through toward closing that would put us closing in mid-May. She said we could do a rent back option, but then we'd be on the hook like a lease as far as hoping the new owners are not going to take advantage of us when we move out asking us to repair a bunch of stuff, right? It makes me uneasy. To add an extra layer of headache, I'm due with a baby March 10th. So putting a home on the market 3 weeks post partum when I also have a toddler? It just seems like too much too soon? It seems like May 1 would be a better time based on when we could move out and our own life events, but I'm not a realtor, and I may not be understanding how the sausage is made 100%. I'm wondering if I could get some thoughts as to if April seems too early based on when we could be out of the house? We're renting in our next location, so at least we don't have to worry about buying another home right now. Just that we may be paying rent and a mortgage until we sell. Thanks! [link] [comments]  |
| Why should I worry about permits? Posted: 25 Jan 2018 08:47 AM PST This thread is a pretty good example.... although it sounds like the OP here did everything right, it doesn't surprise me in SoCal. And there may be more to the story. [link] [comments]  |
| Signing a contract today on a new build - What do I need to do between now and closing? Posted: 25 Jan 2018 06:19 AM PST Just trying to calculate all costs we will incur between now and when we close in 6-8 months. 1) Inspection Fee 2) Survey? Do I need to have the land surveyed? it will only be like 0.2 acres of land. 3) Appliances - only need to buy a fridge - everything else is included, and we already have our own washer/dryer. Am I forgetting anything that is going to cost me out-of-pocket cash between now and then? [link] [comments]  |
| Posted: 25 Jan 2018 09:16 AM PST Background This morning I hear an interview on NPR about how it is a bad time to buy and we might be in another housing bubble. Looking at houses, they are very expensive around here. We are also considering moving, but no guarantee that I would be able to work remotely so it would also include finding new jobs. Question(s) Thanks! [link] [comments]  |
| (CA) Buying undeveloped land near San Diego, yay or nay? Posted: 25 Jan 2018 09:05 AM PST Home prices are expensive and I currently rent. I've been saving up for a 20% down payment and would like to buy in the 550-600k range within 2 years, although I have no qualms continuing to rent. Something I hadn't thought about until recently was investing in vacant land. If I decided to buy land near developed city areas with good schools, etc with that down payment amount instead of putting it towards a house, would I just be hoping that developers find me eventually? My thought process is that space becomes more scarce and good cities continue to expand, people will want to build. I realized that sounds really stupid but i'm only familiar with the end product not development. [link] [comments]  |
| Posted: 25 Jan 2018 11:58 AM PST Hi! I am recovering from a divorce and all the joy that comes along with it. Including rebuilding my credit. I am looking for an apartment to rent but keep getting shot down due to poor credit history. My question is this: is there any validity to those 'rental guarantee' or '2nd chance' rental programs out there?? I have been researching them a lot but can't seem to say, definitively, if they are a scam or not...has anyone ever used or worked with one one before??? Edit: I am looking in the Greater Detroit area. Editt: the site i am referring to is www.rentbuyquick.com [link] [comments]  |
| How would you expand this rental application Posted: 25 Jan 2018 11:45 AM PST [USA] Hi All I hope this isn't treated as spam, as I really need your help. I'm a final year software development student, and I'm working on a web application for the rental market. It allows tenants to search for houses, and a landlord's to search for tenants. There are many other features I have as well. My issue is, I have been told by my supervisor to enhance it, as I need a unique element to the app for top marks. My issue is that I'm not an idea guy. So I have created a survey that explains briefly the features, and 3 questions that I need answered. One of which asks for recommendations to enhance and improve this app. I'd be really appreciative if even a handful of people, could spare a few minutes and answer my survey.
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| Posted: 25 Jan 2018 11:42 AM PST List price on the home is 55,000. If I bid 60,000 does that mean I'm bidding over the appraised value so I'll have to pay 5,000 at closing? Or is there a separate appraisal done? Also they said 3,050 in escrow for repairs, is that money I am financing through the FHA loan? [link] [comments]  |
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