[US] Am I crazy to offer $10k over asking price on a house? Real Estate |
- [US] Am I crazy to offer $10k over asking price on a house?
- What are your criteria for finding a realtor
- Are sinkholes a big problem in Philadelphia?
- Buy another house (for primary residence) before selling current one? I don't want to sell current one first and then have to rent and feel rushed for another one. I also don't want to buy that ours will sell contingency. HELOC an option from current home/other ideas?
- Realtor Advertising Property Without Owner's Consent
- Tips for buying a new construction
- Can i contact a prospective buyer's real estate agent if mine isn't giving me answers, what do you think Realtors of Reddit?
- (TX) The a/c vent fell on my head. It was not connected to the duct but to the moldy ceiling sheet rock.
- Two realtors?
- Talk with bank or mortgage broker?
- Two agents are pricing my condo lower than what I want
- Are finance listing terms negotiable?
- Buying a house from family, (NY)
- Realtor wants to drop price by 30% ( Canada)
- Friend has a question on renting with a dog
- [TX] First time home buyers
- Listing Agents Wife
- [CA] Question about 60-day notice to vacate
- Do I need to love my first home? [TX]
- [Mexico ] Is all farmland here ridiculously expensive or am I just bad at searching?
- How would my student loan debt affect the mortgage I'm approved for?
- Rezone in Bay Area, California
- Old vs New Home - Southern California
| [US] Am I crazy to offer $10k over asking price on a house? Posted: 28 Feb 2018 09:55 PM PST I'm currently looking to buy a house. The issue is that it looks like I'm in a extremely hot sellers marker. I say this because:
Today, a house I'm really interested in was posted. I'm going to view it tomorrow with my realtor. If anything, I think the house might be under-priced. Assuming I don't find anything wrong with the house, do you think it's unreasonable to offer $10k over the asking price? [link] [comments]  |
| What are your criteria for finding a realtor Posted: 28 Feb 2018 06:59 PM PST I am on the realtor site. You can sort by recommendation count. I don't have a good idea on who to pick. I know a need an investor friendly one. Is it simply emailing 20-30 of them? [link] [comments]  |
| Are sinkholes a big problem in Philadelphia? Posted: 28 Feb 2018 02:52 PM PST First post on reddit ever. I am considering buying a house in Fishtown, Philadelphia (I live in NYC). I went and checked out places and was very pleased with everything I saw. However, I noticed a lot of very deep pits in the street, and one block was sectioned off because they were working on repairing a sinkhole. I did some research and it seems that the area of Fishtown and Kensington have seen quite a share of sinkholes. Needless to say it is making me hesitant to purchase a home in this area. Any thoughts? Thanks in advance! [link] [comments]  |
| Posted: 28 Feb 2018 02:34 PM PST |
| Realtor Advertising Property Without Owner's Consent Posted: 28 Feb 2018 09:13 PM PST I have a client who is a bit pissed off right now. Before going into Fla. Law tomorrow I thought maybe a realtor has dealt with this before and could guide me with the right realtor/NAR issues as I know nothing about that. I am a Fla. Attorney. Have a client who saw his own property in an online email advertisement as if it was listed by this agent. The agent does not give an address but it's obvious it's my client's property and it even has a picture. Realtor's add says a price, that is way under what my client was even thinking of listing it for, and makes it seem like this agent has the listing. Any NAR ethics violations here? We have had conversations with other realtors if they had anyone interested in buying, but never her. And even if we did my client has not authorized ANYONE to list it or advertise it. Now we have an email blast to who knows how many thousands that has a low "asking price" and it states the client wants to sell now. Thanks for the general advice. Especially regarding NAR codes. I'll be looking up FREC and Fla. Law and case law tomorrow. FLORIDA [link] [comments]  |
| Tips for buying a new construction Posted: 28 Feb 2018 06:59 PM PST My husband and I are looking to buy our first home. We're looking at new constructions in the northern Virginia area. What are ways we can get the most for our money with a new construction? Any dos or don'ts we should be aware of? We appreciate any advice or insight!! [link] [comments]  |
| Posted: 01 Mar 2018 03:52 AM PST |
| Posted: 01 Mar 2018 02:24 AM PST I want to get this fixed or I want to be able to get out of my lease and get out of this fire trap in Dallas, TX. (TX) The a/c vent fell on my head. It was not connected to the duct but to the moldy ceiling sheet rock. Two years ago, I had been complaining about something (the a/c?) leaking a lot into the bathroom. I live in an apartment and the a/c motor is above the bathtub -- that's been common wherever I've rented. Two years ago, the entire 2nd floor caved in. I was ill when it happened so I didn't get a chance to ride their butts. What happened was, the 2nd floor neighbor had a leak that finally reached its point. (Note that before then the maintenance person was being a jerk to me about running the a/c too much -- in Texas). So the u0pstairs neibors moved out for a week while it got fixed, as there was a big hole in their floor. I didn't get the same courtesy as I was already goijng to see friends anyways, I was just trying to be nice. They got new carpets, I didn't get new carpets. Though it was obvious they had much more damage. My caropets got wet but high running fans for a couple days seemed to fix it and there doesn't appear to be mold. There also doesn't appear to be out of the ordinary amounts of mold on my bedroom a/c vent -- a couple of spots but I Lysol the hell out of everything. Unfortunately, the vent in the bathroom itself just fell on my head. It had not been attached to the duct work. The duct work was aimed at it, and then they put up new sheetrock, paint, and ceiling popcorn, cut a hole, and used those butterfly anchor screws. That worked fine until tonight I guess. I had been complaining about the a/c running extra swampy and also not cooling (that's an ongoing thing -- they usually have a leak they fill in the unit on top of the 3 floor complex every year, I guess it's time to fill early this year. It's 3 weeks of written complaints and a call from Texas Tenants, and then I finally have cold air for the rest of the season. But I guess I want to know what my recourse is. There are several extenuating circumstances. It was only a head bump, nothing worse than me hitting my head on the car trunk. However, the work they did 2 years ago wasn't the greatest quality even if the duct hadn't fallen out before I moved. (Moving in April or June). The kick plate on the standard Home Depot corrugated vanity has disintegrated. What is most worrying is the shape of the tub. I've asked them after they got finished two years ago to come fix the pock marks from the boots that they left in the tub. The tub is getting pieces where the "bathtub paint" is peeling (it was, of course, either applied poorly before I moved in or, more likely, hasn't been refinished this century.) Yeah I was slow on the bath tub and a lot of other stuff that I can deal with or don't have to deal with. It's an old place and to be honest they don't seem to be that solvent anyways. So it's not like I'm going to get a full reno. I just don't want to get sued when I move out for the bathtub, the various other stuff they always find, and I want cold air in my a/c. What should I do to get the immediate situation -- the a/c vent -- fixed? What should I do to get the fast approaching situation -- cold a/c -- fixed? What should I do to get the bathtub fixed and/or signed off on. My lease is up 5/31 and so I have to turn in notice 60 days in advance -- the end of March. That's 30 days from now. They're not going to get all the stuff that needs fixed, fixed. And I'm finally unable to keep living here. Their rates are so high it's cheaper to move back to East Dallas or Irving. [link] [comments]  |
| Posted: 28 Feb 2018 05:01 PM PST I need advice before I move forward. I am using a realtor (lets call him realtor 1) in my area that I liked, I did not sign any contract saying I'd work solely with him. I put an offer in for a home through him though but they countered and I said no to the counter offer. I have 3 more houses I'd like to view by tomorrow (price is right, will go fast, and I will not be able to view this weekend or Friday). Realtor 1 can show me these properties on Monday. Since properties are selling fast it doesn't seem in my best interest to wait the weekend out to view them. So I contacted another realtor via the online listing and got an immediate phone call from realtor 2. Realtor 2 said lets plan to meet tomorrow at the first property and send me the other addresses you'd like to view. I have not signed a formal agreement to only use one of these realtors nor have I been asked to. The only thing I have done is put in an offer through realtor 1 only to decline the counter. Is what I'm doing legal (not ethical). Am I legally bound to realtor 1? Who should get the sale on the property? Realtor 1 who has taken a lot of time to show us other properties at the drop of a hat or realtor 2 who literally at the drop of a hat called me to show me these places tomorrow? I'm in VA. [link] [comments]  |
| Talk with bank or mortgage broker? Posted: 28 Feb 2018 08:35 PM PST And if mortgage broker, what value do they provide that I'm paying for? Isn't finding the lowest rate a quick google search or is it more involved? [link] [comments]  |
| Two agents are pricing my condo lower than what I want Posted: 28 Feb 2018 01:57 PM PST Location: Chicagoland area, Illinois I'm rehabbing a 2 bed/2bath condo in which a tenant of mine passed and lived there for 15 years. Outdated and dirty but will look like a dream once done. Both agents are pricing my unit according to recent sales. Is there a way around this? Example: A 2bed/2bath on the 2nd floor sold for 92K. I knew the situation behind this unit but seems that realtors only see the numbers. This unit was outdated and was forced into a quick sale because the elderly owner became ill and was put into a nursing home. The niece needed to sell it ASAP to pay for bills. Someone bought the unit quickly and turns out it's an investor whose going to rehab it. Now one realtor told me I can sell my place for 100k and the other said list it at 115k but be ready to sell it around 105K. I just don't understand why I cannot raise the price higher since I'm remodeling the entire unit and my unit is on the first floor. No need to take an elevator/stairs. I'm spending over 17k in remodeling costs. [link] [comments]  |
| Are finance listing terms negotiable? Posted: 28 Feb 2018 05:05 PM PST There's a house (in Michigan) that I've been watching for several months now that states Conventional/cash only under listing terms. This has me wondering... For a house that's been sitting for a long time, do sellers ever consider other financed offers (fha/va/rural) at their asking price versus sitting additional months? Or do they list those options only because it isn't likely to pass other loan inspections? Mostly just curious, not ready to jump yet. :) [link] [comments]  |
| Buying a house from family, (NY) Posted: 28 Feb 2018 01:07 PM PST I was thinking of buying a house from my aunt she is currently renting it out but it gives her a headache. Me and my aunt are very close. I was thinking instead of going through a bank, I could borrow money from my aunt to pay for the house and just give her the interests directly. Win win from both parties involved. But how would that work? I would have to hire a lawyer? She is old around 60, what if she dies and her son who isn't the best has to get involved. Who would own the house as i'm making payments? I guessing she does until it's paid in full. What if she dies and her son gets involved and is like no I want this house. Breach of contract? I suppose? Could it be setup as I am making payments my % of ownership increases? So if it was 30 years by 15 years, i'm the majority? [link] [comments]  |
| Realtor wants to drop price by 30% ( Canada) Posted: 28 Feb 2018 06:31 PM PST We found a realtor who was popular and well known, the reviewed our house and made a list of suggestions and renovations, which we did. We decided on a price and they agreed it was a good price and the house shouldn't last too long. We had issues with the contract information not being correct ( wrong price, wrong commission amount) and they were not happy we refused to sign till they corrected the mistakes. House went on the market in November ( in Canada ), their company has not shown the house once but other real estate agents from other companies have. The house is unoccupied and move in ready. Our real estate agent then asked about lowering the price a few weeks ago, we said we would discuss. Then received a rather rude email stating ' we should have listened to them the first time and the house price should be dropped by more then 30% of the asking price ', we never had that conversation. Everything has been done through emails and double checking, nothing was ever mentioned about the house being that overpriced... we feel sick because we did so many renovations under this agents advice. Is it possible they are looking for a quick sale because the market is so poor here? Or should we take the advice and take a loss on the house? [link] [comments]  |
| Friend has a question on renting with a dog Posted: 28 Feb 2018 10:11 PM PST This was her question, 'Basically my landlord wants me to get rid of my dog even though he's on the lease. They state they've received noise complaints, but I was never notified until I received the ultimatum. Have you, or know anyone, who's gone through this?' She lives in Bay Area, CA Thanks in advance! [link] [comments]  |
| Posted: 28 Feb 2018 09:52 PM PST We are currently looking to buy the house we are living in (parents second house) for around 135k with 25k of that being a down payment. Our credit is somewhere above 550, but below 600. Would mortgage companies/lenders be willing to work with us, or would it be an uphill battle before we could even get to that? Also we were wanting to do some decent renovations, though I'm not sure how to work that in to what we want to do.While I normally pride myself with the amount of research I will go through, I find myself overwhelmed and without a clear start. [link] [comments]  |
| Posted: 28 Feb 2018 09:21 PM PST We are going to look at a house next week and the market we are in, most decent houses don't last 24 hours on the market so we feel like any little bit helps. My SO knows the wife of the listing agent through a work relationship. People say that she should reach out and just let the agent know that we are going to look at the house and have the wife possibly put in a good word for us. Is the proper etiquette? If it is ok, any suggestions on what to say to the wife? Edit: Midwest [link] [comments]  |
| [CA] Question about 60-day notice to vacate Posted: 28 Feb 2018 08:08 PM PST Let's say, hypothetically, you have a property that was currently tenant-occupied. And let's say you wanted to take possession of the property, would have to give 60 days' notice to vacate due to the length of the tenancy. Is there anything restricting this hypothetical owner from issuing the proper notice, but then offering a cash incentive to terminate that lease early (say, at the 30-day mark)? Could the tenant sign some sort of agreement stating that they did receive their lawful 60 days' notice, but have instead elected to terminate the lease early in exchange for some amount of money? [link] [comments]  |
| Do I need to love my first home? [TX] Posted: 28 Feb 2018 07:48 AM PST My SO and I are looking to buy a house in Austin, TX, and we 100% cannot afford the perfect home/location combo. We found a new build house that's below our budget, in a decent location, and it does check the boxes of the functionality we need it a home. The thing is, we don't love it. It's not bad, but we didn't fall in love. There are things we want to change right away (and can afford because it's under budget), but it feels weird buying a new build knowing we want to change things, because no customization is possible. We will be in this house for at least 5 years, so it definitely makes more sense for us to buy instead of continuing to rent. So, should you love your first home?? [link] [comments]  |
| [Mexico ] Is all farmland here ridiculously expensive or am I just bad at searching? Posted: 28 Feb 2018 07:13 PM PST I've been searching for land in the state of Jalisco for around a month and the trend I've noticed is that most parcels are both smalll and expensive. I'd like to get enough land to do some farming (both livestock and ag) but everything I've seen is grossly cost prohibitive. [link] [comments]  |
| How would my student loan debt affect the mortgage I'm approved for? Posted: 28 Feb 2018 11:20 AM PST New to this sub and I could use some advice. We live in New York City and will likely stay in the tri-state area. My wife and I have $180k in student loan debt between the two of us ($100k is mine, $80k is hers). At the moment we are both planning for Public Service Loan Forgiveness, which won't take effect for about 8-9 years from now. And the loan balance won't go down by much throughout that time because our payments are deliberately low to get the maximum amount forgiven. How would a loan officer look at that debt in terms of approving a mortgage for, say, $300k in 1-3 years from now? Our combined gross income is $160k at the moment, hopefully will rise with cost-of-living at least. [link] [comments]  |
| Rezone in Bay Area, California Posted: 28 Feb 2018 06:06 PM PST Has anyone here rezoned an R-1 to an R-2 before? I know it depends on each situation and I was wondering how much does it cost in the Bay Area generally? I've tried talking to someone who has rezoned their property but I felt like they were just saying a bunch of bs, the guy literally said " I paid off local politicians 400k". [link] [comments]  |
| Old vs New Home - Southern California Posted: 28 Feb 2018 05:43 PM PST We're looking into purchasing a home in Southern California and as we all know, that market is crazy hot and expensive. We have two options, and we're not quite sure what to do. We can either buy an older home in a nice neighborhood around 600k and remodel the entire thing (~80k) - which will most likely cost more (~680k), or we found a brand new construction home we LOVE for (650k) however, it's in a HORRIBLE location. So, what do you guys advise, buying the brand new home we love in the bad location, or buying an older home in a nice location and remodeling it, but most likely will cost us more in the long run - after remodeling it, etc.? [link] [comments]  |
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