Agent says don’t go to open houses? Real Estate |
- Agent says don’t go to open houses?
- Abandoned houses in my neighborhood are owned by residents who live out of state. (IN)
- What does a new store in my neighborhood do to my property value?
- Home Appraised 40k Below Agreed Sale Price
- [AZ] [FTHB] Buy a house where I NEED roommate(s) to pay for mortgage? Approved for loan w/o rental underwriting.
- WA State - Power shut off while in contract
- My Realtor listed a home for sale
- Calbre charged my credit card, how long does it take for me to get my license?
- Usda income limits GA
- Average size US home sells for $1M over asking: Burlingame CA
- Syndicated Real Estate Investment
- [LA] What if the permits are just "Issued" and not "Finaled"?
- Is buying a “turn-key” property a mistake in this inflated market?
- Should I be worried about asbestos products in 1971 home?
- For my licensed agents out there....
- How much should I expect to use my car as a real estate agent in Boston?
- Looking for help buying a HUD home (IL). We have absolutely ZERO knowledge as to what we're doing. :(
- FL Realtor Intentions
- to buy or to rent, that is the question....
- Confused by information from mortgage lender (MA)
- buying an apartment/condo in La Jolla, CA
- When purchasing a property, is it in your favor to have the tenant have an option to renew the lease?
- Inspection report didn’t state the garage didn’t work.....
- Can you finance rehab and possibly furnishings?
- What are the mortgage financing options for purchasing a home in a state that one does not currently live and work in?
| Agent says don’t go to open houses? Posted: 08 Mar 2018 07:56 PM PST My family and I have just began looking at getting a larger home. We are still in the very beginning stages of looking and just recently got prequalified for a loan as we begin our search. The family and I enjoy going to local open houses on the weekend just to get an idea of what we want in our next home. We just recently contacted a real estate agent as we get more serious about buying. When we told her that we had been walking some homes she looked disgusted. She told us to not go to open houses or any showings without her from now on. Otherwise if she is not there when we walk the property she will not legally be able to represent us. Is there any truth to this? It seemed a little odd when I was first told this. Is it true that we cannot look at homes unless she is there otherwise she can't be our agent in the purchase? Just wondering if this is correcr or I should start looking for another agent? Thanks! [link] [comments]  |
| Abandoned houses in my neighborhood are owned by residents who live out of state. (IN) Posted: 08 Mar 2018 06:44 AM PST There are two, junky houses on my block of 10. They are disgusting eye sores and I wish the city would tear them down. The owners reside in Florida (different people, addresses, both from FL) The homes aren't for sale or rent. What is going on here? Are these people using these houses to claim residency in my state for various reasons (i.e. hunting, voting)? [link] [comments]  |
| What does a new store in my neighborhood do to my property value? Posted: 08 Mar 2018 04:01 PM PST First, I'm sorry if this isn't the right place to post this. I would gladly repost it elsewhere if there is a more suitable place. I live in a rural community in WI (population of around 1500 people), and they just broke ground on a new Dollar General store quite literally in my backyard. We have a grocery store in our town, but this will be the only retail store in our town. Like my title asks, what will this do to my property value, in general: increase or decrease? [link] [comments]  |
| Home Appraised 40k Below Agreed Sale Price Posted: 08 Mar 2018 08:44 PM PST We agreed to pay 406k for a home. Escrow is supposed to close on the 13th of March. They took their sweet time getting the home appraised. It ended up appraising 40k under our agreed price. We made a new offer of 373k. Haven't heard from the selling party in 2 days. But they are just about completely moved out. They are relocating to San Francisco and have been moving things slowly. Also we put 100k down. Side problem. We put in our 30 day notice to our landlord (property management company) on Friday. Feeling like everything is going to shit and if we don't end up in our new home. We may end up in a new lease with increased rent. Any advice or info helps. Please excuse my grammatical errors. [link] [comments]  |
| Posted: 08 Mar 2018 05:54 PM PST So I know to buy under budget because shit happens. I am pre-approved thanks to some of my savings and gifts from my parents. The (calculated) mortgage rate is about $400 more than what I am currently paying for rent. If I were to be on my own, it is doable but I would really be scraping by. My plan is to get a long term roommate in the other master suite (each has own bathroom) to help cover mortgage. I figure I can probably get about $800, maybe more. There is still a 3rd bedroom with a 3rd bathroom right across the hall. So possibly a short term/airbnb thing for that room for a little bit extra. Still need to put in offer and go through inspection, but it looks move-in ready and much nicer than some of the other houses I've looked at. There is not much in the way of smaller houses or price point, as everything else is much bigger or expensive. So despite some of the red flags with costs, would it be worth it to pull the trigger with at least a plan for roommate? [link] [comments]  |
| WA State - Power shut off while in contract Posted: 08 Mar 2018 11:41 AM PST Hello, I'm in contract to purchase a home. The only thing that come out of the inspection was that there were a few electrical items, such as one outlet, one light not working, and some live wires in the attic. The inspector also noticed that there was no permit on the electrical box. I have heard bad stories about unpermitted work and insurance but my boyfriend, who is an electrician, said it all looked great (except the live wires). Still, I called the power company to see if they had pulled any permits since this county is very strict about them. Whoops, I didn't realize this would prompt the power company inspector to scale the fence to look in the windows of the vacant home, open the meter, and turn off the power. Now the sellers are PISSED and think I sent them to do that, which was not my intention. We do want this house and planned to retroactively get the permits but now the sellers are refusing to do anything so the power will stay off. This will affect the appraisal and the lender giving us our loan, so I'm not sure what we can do. The power was on during inspection and when we put the offer in, and turned off before appraisal, so is this a breach of contract? I plan to call a real estate attorney in the morning but I wanted some opinions. [link] [comments]  |
| My Realtor listed a home for sale Posted: 08 Mar 2018 07:44 AM PST I have been looking for a month (IL) now and have seen about 8 homes with her. I saw in redfin a nice home just come on the market this morning in my price range and has all what I am looking for at a good price. Only thing is, it was her listing it. Any tips? Should I get another realtor and then pursue the home? I am obviously going to get an inspection that is not affiliated with her. [link] [comments]  |
| Calbre charged my credit card, how long does it take for me to get my license? Posted: 08 Mar 2018 11:22 PM PST So I have already passed my test, and I have submitted the application for my real estate license. Calbre has already charged me the $245 fee on February 28. Does anyone know how much longer it will be until I receive my license? I'm just trying to get this thing going and on the road asap. Thanks in advance! [link] [comments]  |
| Posted: 08 Mar 2018 05:14 PM PST My husband and I qualified for a USDA loan. Using this loan mostly bc we found a foreclosure that we love but need to be repaired. We plan to use the money we have to fix it. If we can't do that, we will probably have to walk away as the home must be repaired first. So today we found out we maybe over the limit bc my husband received a "bonus" from his job. The bonus varies from year to year. Last year it was less than a 1k this year it was much higher. How do they decide on the income with a bonus? Has anyone went through an experience like this one before? PS: I totally understand about the limits and the loan being for low income families. This is us, however, this one year my husband's bonus was larger and will push us 1k over the limit if they calculate it in. Last year the bonus wasn't a fraction of what it is now. We're using the bonus money towards purchasing our first home and making renovations. [link] [comments]  |
| Average size US home sells for $1M over asking: Burlingame CA Posted: 08 Mar 2018 10:34 PM PST https://www.redfin.com/CA/Burlingame/1401-Capuchino-Ave-94010/home/1828892 Obviously a very nice home but pretty surprising to see a house sell for this much over asking! [link] [comments]  |
| Syndicated Real Estate Investment Posted: 08 Mar 2018 09:45 PM PST I am curious to know if anyone here has an experience in syndicated real estate investment. It's an area I have been researching lately and it sounds very interesting in theory but I'd like to get some credible advice from people here. I have investment experience in equity markets. I am new to real estate investment - rest assured I will not jump into a syndicated deal. I am looking for some credible and experienced advice in this area. Mainly, how the investment experience has been, what it entails, how is your fund raising experience, and how did you approach potential investors. I've read a good chunk of material on this and what's on paper vs what's real are two different things. Your advice is much appreciated. P.S. I am from Canada but the U.S. related real estate investment information is also appreciated, considering most of my investments are in American companies. [link] [comments]  |
| [LA] What if the permits are just "Issued" and not "Finaled"? Posted: 08 Mar 2018 09:25 PM PST I just started escrow on a house in LA, hooray! It's my first time buying any property at all. This place is beautiful, walkable, and has a new pool (added 2016). However, I've been looking at the permit reports online and I see that the pool has permits that are issued but not finaled. What does that mean for me and is it a red flag? Most concerning is that it says that the SGSOV-Seismic Gas S/O Valve is not ready. We're having a pool inspector come but I want to be prepared. I've checked other properties and their permits are all finaled. Also, there's been other non-permitted work, such as a converted attic and an upgraded kitchen. Should I be concerned about those lack of permits as well, especially the attic for safety reasons? The attic doesn't add to the square footage because of the permits but we knew that going in. I think I have a lot of worries and concerns because it's my first house and I just don't know these things. [link] [comments]  |
| Is buying a “turn-key” property a mistake in this inflated market? Posted: 08 Mar 2018 06:41 AM PST Curious if this type of purchase is a poor investment in our current climate with a possible small/medium/large recession on the horizon. First time home buyer and I'm definitely going to still buy a property because there's no way to time the market but Im wondering if there's a way to minimize the financial impact for when the recession does come. Is buying an expensive turn-key in a nice area going to be a costly mistake? Would it be wiser to buy a cheaper fixer-upper in a less desirable (but still good) area? Edit: Columbus, OH Edit 2: I believe I'm mistaken in the terminology of "turn-key". This isn't an old property that was flipped by a reno company, it's just a nicely updated house. I meant turn key as in there isn't a whole lot more to do (value to add) so I'm unsure if it's a wise investment... "fully move-in ready" is maybe the better term? [link] [comments]  |
| Should I be worried about asbestos products in 1971 home? Posted: 08 Mar 2018 08:52 PM PST I have an accepted offer on a 1971 home but im having massive remorse and im scared i should have gone for a 90s+ house. A lot has been changed in the house as it is: electric furnace, new flooring in recent years, new windows... The attic doesnt contain any asbestos insulation but how worried should i be about asbestos products, like tiles, DRYWALL and all that? Or even lead paint even though it's for sure been painted a lot over the years. Im in Quebec. [link] [comments]  |
| For my licensed agents out there.... Posted: 08 Mar 2018 11:07 AM PST How many tries did it take you to pass your tests to become licensed? [link] [comments]  |
| How much should I expect to use my car as a real estate agent in Boston? Posted: 08 Mar 2018 07:20 PM PST |
| Posted: 08 Mar 2018 06:56 PM PST We are trying to navigate this with absolutely ZERO knowledge. My fiance is trying to buy a HUD home in our town. She works part time and her income is around 17,000 a year. We live right outside of St.Louis in Collinsville, Illinois. The house is 28k and she has 8k to put down on it. The house will need a new roof and some drywall work but im a laborer that can fix almost all of the things wrong with the house. The Roof, electric, plumbing, drywall, etc. Im sure you need more information but i literally do not even know what information is pertinent or where to even begin here. Can someone possibly point us in the right direction of where to start this process? [link] [comments]  |
| Posted: 08 Mar 2018 06:53 PM PST Looking to buy a second home, decided to use same realtor but the market is different now. A home I fell in love with has been on the market for almost 300 days and the seller is asking a ridiculous amount. Home doesn't even have WD hook-ups but wants $199K.. I offered $130K with my realtor and the response back from the selling agent was kind of bitter because we offered so low starting out. I am lost r/RealEstate.. do I get a better realtor who will fight for negotiations ? Anytime I am given status on a deal..I must always initiate which is super annoying! Any advice is appreciated. [link] [comments]  |
| to buy or to rent, that is the question.... Posted: 08 Mar 2018 12:48 PM PST My wife and I are in our early 30s and we are currently renting a tiny 2 BR apt in northern NJ which costs us apprx. $2,600 a month. We bring in about $180k per year. Contemplating on purchasing a beautiful home that we found for about $600K. We have a small amount saved up but nothing close to the 20% down payment lenders want. We are paying uncle Sam way too much and I'm hearing that purchasing a home would cut our taxes and our money would go towards our home rather than to the government. I want to avoid PMI but after reading several posts in this subreddit for the past few days I'm beginning to think that borrowing while paying PMI could be a wise decision for our situation. Sorry for the noobie questions.... [link] [comments]  |
| Confused by information from mortgage lender (MA) Posted: 08 Mar 2018 07:53 AM PST Hey All, I'm a potential first time homebuyer who was put in contact with a mortgage lender by my tax acct (who I trust). I'm likely looking to buy towards the end of the year and a few things about the conversation didn't sit right with me and I'd like to know if this is normal or not. We had a phone call where I basically said I don't know what I'm doing and would like advice about positioning myself to get the best deal next winter. She has my basic info on salary, debt, credit score, etc. I was expecting advice on how much to put down as a down payment, should I work on my credit score, etc. She told me that I should put in for a preapproval NOW so she could run the numbers a few different ways and then renew the preapproval closer to buying. I asked about the impact on my credit score currently and what the impact would be if I take a hit and then redo the preapproval down the line. She basically said that I wouldn't take a hit (even though it's a hard credit inquiry), and when I asked about the multiple inquiries in a 30 day period and how there were protections for that she basically said "That's technically true, but that's not always how it works. Even though you're not supposed to, a lot of people get hit hard by doing that". That just seemed off to me. Does anyone have perspective on what this mortgage lender was telling me to do? [link] [comments]  |
| buying an apartment/condo in La Jolla, CA Posted: 08 Mar 2018 12:10 PM PST What are your opinions on buy an apartment/condo in La Jolla, CA? is it worth an investment? the houses in this area are too expensive for my budget, but not apartment/condo. I just want to get some opinions on it. thanks, [link] [comments]  |
| Posted: 08 Mar 2018 05:11 PM PST NJ-USA. I have a property that i may sell in 3-4 years. The tenant is commercial and at the end of his 3rd year, he has an option to renew the lease for an additional 3 years. From a real estate investors' point of view, is this appealing to purchase? The area is in an up and coming area where there is lots of development. More likely to be sold to a developer and knocked down tbh. Anyway it is a 3 story commercial building with 5-6 units. thanks for the input. [link] [comments]  |
| Inspection report didn’t state the garage didn’t work..... Posted: 08 Mar 2018 05:08 PM PST GA Hey everyone... FTHB here of course you guys have been helping me through the process. So today we went to the house for a licensed contractor to inspect the ceilings for water. While we were there, I was so excited about moving into a house with a closed in garage and carport. So my realtor went to show me the garage and to find the clicker. In our surprise, it doesn't work. The contractor while he's a plumber also looked at it and wires are coming from all over. It doesn't work. Why didn't my inspector include this? Is this normal? I'm not upset at all bc I know the inspector will miss somethings but he didn't include this in the report or the stove and dishwasher. So I'm curious if these are things I need to ensure they work? [link] [comments]  |
| Can you finance rehab and possibly furnishings? Posted: 08 Mar 2018 05:03 PM PST I haven't really read much on financing. Say the unit is $25k and needs $10k in rehab and another $10k in furnishing to make it a short term rental. How much of this can I get financed and with what kind of loans? My credit is >740 and I have good capital. [link] [comments]  |
| Posted: 08 Mar 2018 04:36 PM PST I'd like to purchase a home in another state, and potentially move there. Is it possible to get a mortgage for this purchase before actually living and working in that location (Georgia)? I would assume that I could purchase with 20% down and investor 6 month reserves, but are there any options to get financing for this with a 3 or 3.5 % down payment. Thanks! [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