[PA] Considering a house with K&T wiring in Philly. I'm looking for a bit of advice. Real Estate |
- [PA] Considering a house with K&T wiring in Philly. I'm looking for a bit of advice.
- Any advice before going before a Zoning Board of Appeals? [MA]
- Austin, TX - Condo Construction Question
- Proving the deed isn’t yours.
- Interest rates rising? Means prices are going to drop?
- Property Management Job
- Who is responsible for paying for a lock replacement on a mailbox?
- stick build or modular home? pros and cons?
- Which Documentation you guys ask for in regards to potential tenants?
- USDA loan appraisal requirements?
- Is there any way to get out of a realtors contract?
- How to look at statistics on realtor.ca/realtor.com to help evaluate the price of a house? (CA)
- Any agents here in AZ that are also fellow Redditors? Loan officer here trying to network here!
- (Alabama) Will I lower neighbors' property values by buying a cheap lot and putting a shipping container on it? Would I raise complaints? [x-post r/homeowners]
- Selling Privately - Multiple Offers [CAN - ON]
- Know someone who got 2.1% Fixed 30-year mortgage rate. Anyone know how this is possible?
- Initial Offer Advice (CT)
- Tin Roof
- A charge was accidentally omitted from closing costs and I am now being asked to pay [IA]
- Advice on my inspection report? Asking for repairs before/after closing?
- Financial modeling resources / tips
- Need advice on family sale.
- [Academic] (CA) Laneway House Questionnaire for affordable housing. Help a student out!
- [GA] Not Disclosing Defects and HOA Fees
- Cash buyer payment?!?
| [PA] Considering a house with K&T wiring in Philly. I'm looking for a bit of advice. Posted: 05 Feb 2018 03:27 PM PST Hello /r/RealEstate! I apologize if this isn't the correct place to post this, if it's incorrect, let me know and I'll remove it. I'm under contract on a home in Port Richmond, Philadelphia. Asking price was $150, we settled at $145. Non-disclosure stated no knowledge of K&T in the house. Cue the inspection and we find live K&T. An electrician came out and gave us a quote of $13K to do a bunch of work including removing the K&T and other items required to bring the house up to code. The house itself a bit over 1000 square feet, two floors not including the basement, and a good portion of it has this wiring. The seller came back with another quote for the work that's less than $8K (not including inspection, patching, all that good stuff), and is only willing to contribute $2K toward the cost of rewiring, not even the full amount for the K&T line item. We weren't going to ask for the entire cost of the work, but our initial feelings were that it would have been nice to at least be offered the full cost of the K&T, especially since it was clearly stated on the non-disclosure that there was no evidence of K&T, and our inspector found it easily. I've never bought a house before, so I'm not totally sure what is reasonable to expect from the seller. We put in our original offer on the assumption that the wiring was good, but now we face not being able to insure it if the wiring isn't fixed. How much should we reasonably expect the seller to contribute to this fix? Their agent seems to think she'll have no problem selling this house at this price point, even with disclosure of the wiring. I want to know what you guys thing. This house is very nice and in an area where trends are up. It needs a bit of cosmetic work, but all of the other major systems in the house are new within the last 5 years (roof, furnace, water heater, HVAC). I feel inclined to say that it's worth it, even with all of the work, but I would really love some advice from people who do this more often than I do. [link] [comments]  |
| Any advice before going before a Zoning Board of Appeals? [MA] Posted: 05 Feb 2018 05:21 PM PST Last year I bought a new construction house in a Boston suburb. I'd like to finish our basement adding a gym, home theater, bar, and bathroom. The rub is that after the House was started the zoning laws changed so that there is now a Floor Area Ratio (FAR) which stipulates that the floor area of the house divided by the area of the lot cannot exceed a certain ratio. The rule didn't exist when the house was originally permitted and construction started. The house wasn't grandfathered in. The regs say that any floor where the height is over 6'11" is considered floor area. Since the basement was built with 8' ceilings they forced the builder to "drop" the ceiling to 6'11" which they did with some simple slats. So in order to finish my basement (with an 8' ceiling) I need a "special permit" to get a variance from the FAR and to get that I have to go before the ZBA. The city inspector said that since the FAR is new there isn't a lot of precedent. Five folks have gone before the board and all have been denied or withdrew. That said, the inspector said that I would be the first person asking for a variance on the FAR that does not make any changes to the exterior of the structure. I have seen some ZBA meetings online (they are public meetings and video taped). It seems pretty straight forward. But I am looking for any tips from people more familiar. In particular, I have heard (from my realtor) that you have to show "hardship" to get the variance and I would love to know what that means. Thanks for reading! Edit: Found an interesting article on "hardship": https://www.phillips-angley.com/blog/2012/08/intro-to-variances-ii-finding-of-substantial-hardship.shtml [link] [comments]  |
| Austin, TX - Condo Construction Question Posted: 05 Feb 2018 05:04 PM PST Our group is looking to finance construction of a condo project in Central Bouldin neighborhood off 1st Street near Greetings from Austin mural. Wondering if anyone has experience/knowledge on the market in this area as it doesn't seem to condo/development-heavy. [link] [comments]  |
| Posted: 05 Feb 2018 08:49 AM PST Me and my husband are trying to prove we do not own a house that is owned by his father. The kicker is that they share the same name. We explained this and they said they need the deed to prove it is not ours. The deed has my husbands name, which is also his fathers name on it. My husbands father is going to send us his tax documents. Which again share the same name but its a different person, to show he pays taxes on it. We have already sent them our tax returns to show we don't pay it. I feel like this is becoming a mess. Is there an easier way to do this? They both have different middle names but that's not on the deed. We are in ohio, if that matters. Deeds with Hamilton county. ETA: we have the deed, the deed says just his fathers name. My husband shares the same name as his father. We are trying to prove we don't own the property so we can buy a house. [link] [comments]  |
| Interest rates rising? Means prices are going to drop? Posted: 05 Feb 2018 04:08 AM PST I keep hearing that interest rates are going to be rising a lot. How certain is that? Also does that mean if I can wait to buy I should because prices will be dropping? new york [link] [comments]  |
| Posted: 05 Feb 2018 10:19 AM PST Should I work as a property manager while I attend college? I would be doing so in a state far away from mines as that's where I will be living my collegiate life. What benefits, other than free housing and a salary, would property management give me? What are the drawbacks of being a property manager, particularly when you are occupied by other responsibilities? All answers are appreciated Boston, Connecticut, NYC, or Rhode Island [link] [comments]  |
| Who is responsible for paying for a lock replacement on a mailbox? Posted: 05 Feb 2018 01:33 PM PST Moved into a new place and the landlord did not have the key for the mailbox. He just bought the property and told me I had to pay for a replacement lock on the mailbox. I imagined it would be the landlords responsibility to maintain the mailbox. Especially since they or the previous landlord failed to recover the key from the previous tenants. This is in Virginia FYI. Edit: Thank you! [link] [comments]  |
| stick build or modular home? pros and cons? Posted: 05 Feb 2018 01:36 PM PST Kentucky - looking at modular houses from this place (I omitted the local version of the site, but you can look at their examples). We can get nearly twice the amount of square footage for the same price as we could after talking to a couple builders. So what are the drawbacks? We can customize some of the layouts, even dig a basement that we can finish later. We're a large family (4 kids). We own the property outright and have the down payment enough for 20% of a $150k house. OR we can dig a basement and get a home loan for $80k for the modular home. Any suggestions or ideas? Or if I need to put this in another sub, let me know! [link] [comments]  |
| Which Documentation you guys ask for in regards to potential tenants? Posted: 05 Feb 2018 07:49 AM PST I have run the credit report and background check. Just wondering which documentation you guys ask for when renting a home to a potential tenant? Thanks in advance for your help [link] [comments]  |
| USDA loan appraisal requirements? Posted: 05 Feb 2018 01:07 PM PST When getting an appraisal for a USDA loan, does anyone know where I can find their requirements or standards for what they consider to be a passing appraisal? For example, does a cracked window or no floors pass inspection/appraisal? [link] [comments]  |
| Is there any way to get out of a realtors contract? Posted: 05 Feb 2018 10:13 AM PST We live in a state that's full of underperforming realtors. Is there any way we can "fire them" we did sign a contact through but they aren't doing what they say they will. Like not returning calls, not coming on time. Expecting 3 different calls from their "carpet guys" calls from so and so and others and no one contacts us. We decided on a date to put the house on sale and 7 days later still hasn't been put on sale. What ground can we fire a realtor or a company? [link] [comments]  |
| How to look at statistics on realtor.ca/realtor.com to help evaluate the price of a house? (CA) Posted: 05 Feb 2018 03:00 PM PST Complete newbie here looking to buy a first home with the potential of selling for a higher price within a couple of years. Here are my questions: How would more experienced real estate investors look at the statistics on realtor.com/ca? Which factors are relevant in determining the price of a house? For those of you who don't know what statistics they show or need a reference, here's a list:
[link] [comments]  |
| Any agents here in AZ that are also fellow Redditors? Loan officer here trying to network here! Posted: 05 Feb 2018 10:58 AM PST |
| Posted: 05 Feb 2018 06:12 PM PST I want to take a lot and buy one of these for the lot so I can live in it. I will also keep my car on this lot. Would this hurt others? Would I raise complaints? [x-post r/RealEstate] [link] [comments]  |
| Selling Privately - Multiple Offers [CAN - ON] Posted: 05 Feb 2018 05:58 PM PST (Ontario, Canada): Hey all, I am selling my home via CommFree and it is listed on MLS. I have received two offers. I believe that when using a Realtor you cannot disclose the contents of the offers to the other party, but what is the rule around private sale? Can we tell the other that the other offer is for more money and see if they want to adjust their offer? [link] [comments]  |
| Know someone who got 2.1% Fixed 30-year mortgage rate. Anyone know how this is possible? Posted: 05 Feb 2018 11:42 AM PST |
| Posted: 05 Feb 2018 11:15 AM PST My wife and I are considering buying our second home (and renting out our current place) and we've found a place we really like, but are unsure how to move forward with an initial offer. It is a contemporary with an additional building and a pool, so the comps are hard. It is a unoccupied flip - it was purchased on a short sale about 16 months ago and I assume they spent that time doing the work. The work is just ok I'd say - you can tell they half-assed some of it. What are some guidelines for coming up with an initial offer? How low is too low? I'm not sure the rules in this subreddit about posting links to places and discussing pricing (or if that is really even a good idea), so I've kept it deliberately vague. [link] [comments]  |
| Posted: 05 Feb 2018 11:14 AM PST (Charleston,SC) For any house flippers or renovaters, do you have an opinion on tin roofs instead of shingles? [link] [comments]  |
| A charge was accidentally omitted from closing costs and I am now being asked to pay [IA] Posted: 05 Feb 2018 08:13 AM PST I closed on a house 2 months ago. My realtor just called and said there was a $200 cost for the title opinion that was accidentally omitted from the closing costs. It should have been paid by me in closing but the lender failed to include it and no one caught the mistake. Now I am being asked to pick up that charge two months later. My inclination is that this was a mistake that I should not have to pay for that two months after the fact. Is this something I should just suck up and pay or am I right to think that if it wasn't on the closing costs, I shouldn't have to pay for it? [link] [comments]  |
| Advice on my inspection report? Asking for repairs before/after closing? Posted: 05 Feb 2018 09:12 AM PST [NC] Main issues in my report are linked here: https://imgur.com/a/uZWie (You may have to click to zoom in or hold ctrl+scroll mouse wheel) Obviously the main issues that bother us are the water and sewage leaks. We don't have much cash on hand so having the sellers make the repairs for closing seems to be the right choice. Any advice? I assume I bring up the issues with the help of my realtor to the seller. Have a licensed plumber come out and give estimates on the repairs and hope the seller agrees to pay. [link] [comments]  |
| Financial modeling resources / tips Posted: 05 Feb 2018 04:41 PM PST Hi all, I'm trying to figure out how to project different scenarios for real estate investments. I'm not an excel wizard, nor am I schooled in finance (or real estate for that matter) I understand there is likely not a short answer to this, so just some terms I can google, resources where I can check out examples, etc would be helpful. I'm sure frameworks exist for this, just not sure where to start. Essentially, I want to learn how to budget, plan and assess risk. Am in New York. Interested in properties upstate but question is a general one. A few examples of things I would be interested in examining;
Any info you can provide to help me learn how to do this type of analysis would be very much appreciated. Thank you! [link] [comments]  |
| Posted: 05 Feb 2018 08:56 AM PST My situation is my mom and dad are getting divorce. they have a house that they want to split. I would like to purchase this home @ 200k ( the neighboring house is selling for 230k ), all parties have agreed upon 200k sale price. The home is in Phoenix AZ their current mortgage is at 5.5% interest rate I have two options
which option is more appropriate and safe ? my dad has gambling issues so he tends to change his mind a lot , my main concern is that he can void or take back his quit claim. [link] [comments]  |
| [Academic] (CA) Laneway House Questionnaire for affordable housing. Help a student out! Posted: 05 Feb 2018 11:34 AM PST Hi all! I am currently in my fourth year of business degree doing a project on laneway housing and I am looking to collect some data about people's awareness of them. If anyone has a moment to fill this survey out I'd appreciate it! [link] [comments]  |
| [GA] Not Disclosing Defects and HOA Fees Posted: 05 Feb 2018 06:12 AM PST Hello, I need some advice about my options and rights concerns a condominium I recently purchased... Before closing, the inspector noted no major defects noticed in the condo, with the exception of a few cracks in the walls that were due to "settling." The condominium disclosure documents did not list any ongoing issues with the building, any construction going on, or any special assessment... 1.5 years later my HOA fees increased nearly $200/month. I was informed by the property management that the increase in HOA fees was to help pay back a $6 million dollar loan that the HOA had voted to take out before I got the condo. This loan is to pay for a massive ongoing construction project to repair serious construction and weather proofing defects in the building... leaks, balconies falling off, crumbling exterior, poor jointing... etc. These details were no disclosed by the seller in any capacity. The Association is calling the fees just just an increase in HOA due and not technically a "special assessment" so I don't think it's illegal (I live in Savannah, GA). To make matters worse, I am noticing some growing water marks in my ceiling, and about 8-10 cracks have formed in my walls and ceiling in the past 6 months (some of these had been repaired just a few months ago and already grew back). What are my options? Do I have any legal recourse here, since the seller did not disclose these issues? Is the association responsible for repairing cracks and water stains (and any associated leaks) if these issues are almost certainly related to the original construction defects? What do you guys recommend? This is my first place and I am truly at a loss here... please & thank you for any help. [link] [comments]  |
| Posted: 05 Feb 2018 02:38 PM PST Hi, I have a cash buyer and he want to buy a house around 300k, and it's his first home. He want to put 100k down( i know it's a lot but that's what he want), and the rest he want pay monthly because he said he want to build his credit? So my questions is, what is a common way the cash buyer do their payments, and is the best way to do it for my buyer? [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment