I inherited 50% of my childhood home from my parents, the other half belongs to my aunt who wont sell. I need advice on how to sell my half share of the property , is it possible? Real Estate |
- I inherited 50% of my childhood home from my parents, the other half belongs to my aunt who wont sell. I need advice on how to sell my half share of the property , is it possible?
- Building a home and just lost a bunch of Square Footage. What now?
- What does a Certificate of Authenticity mean while buying a home for the first time?
- Revere MA house 757 squarefeet
- 203k Consultant Was Way Off Base, What Recourse Is There?
- Need advice. Potential income property!
- Bad plumbing contractors... what to do now?
- My fiancé and I are looking at selling our House Privately, do we need legal papers for offers? (Alberta, Canada)
- [IL] After purchase contract, Buyer now wants to raise purchase price and get closing credit equal to the difference.
- Planning ahead, how far out from moving should I find a property management company?
- Closing Tomorrow, First Time Homebuyer, Last Things To Know?
- How do I ask my Dad to split a rental property
- Texas Real estate License
- Loan officer is trying to apply/run my credit ASAP, I’m not trying to buy for another ~6 months. Should I?
- Why would a home builder buy a house, then sell it several years later?
- Need advice - break the lease to buy a home?
- Why do some listings say cash only?
- An extra $100 toward monthly mortgage payment. Good idea?
- Question regarding Co-ops in Hampton Roads, Va
- Land Deal Sourcing
- What is the best website to look for an apartment to rent for just a month?
- Need help with utilizing value increase
- Pre-foreclosure
- How do I buy this foreclosure?
| Posted: 30 May 2018 12:18 PM PDT I need advice on how to sell my half , is it possible? If so how do i go about it? [link] [comments]  |
| Building a home and just lost a bunch of Square Footage. What now? Posted: 30 May 2018 04:48 PM PDT We are building a new home with a mortgage and using a general contractor. It is about 90% done right now. We are not happy with our contractor, to say the least. He has been putting very little effort into the build, has not been getting competitive bids, and communicates with us very little about what we want our house to be. It seems there's nothing we can really do about it at this point but we did notice something the other day when we were at the house. The house is a 3 bedroom with an unfinished basement. The building plans show a 1500 square foot house and shows the exact size and placement of each room. We went to the house the other day when they just got finished putting drywall up. The bedrooms seemed significantly smaller than what we were expecting. One of the bedrooms, which has the best view in the house and we were planning on making a guest bedroom, probably can't even comfortably fit a queen bed in it. We measured the bedrooms and they are all a couple feet short. We measured the outside of the house against the blueprint as well, and it reflects the same thing. We are estimating that due to the contractor or subcontractors error we lost about 200 square feet from our home. We had a meeting with our contractor today and he just brushed it off. We feel that we deserve some compensation for this, but not even sure what to ask for. Can anyone offer any insight or advice on what the damages might be in this situation? And would the contractor be responsible or would it be the subcontractor? Thanks in advance for any help!!! Edit: thanks for your comments everyone. I forgot to mention that despite reducing the size of our house, the builder is $15k over budget. We have found a real estate lawyer that we are supposed to meet with in the next few days. [link] [comments]  |
| What does a Certificate of Authenticity mean while buying a home for the first time? Posted: 30 May 2018 10:58 PM PDT |
| Revere MA house 757 squarefeet Posted: 30 May 2018 08:30 PM PDT Hello, I would like to ask your suggestion about my home. I bought the below house for about $170K, its going through transaction for the moment. The location is great but I would like to fix this house because it is a foreclosure house. https://www.zillow.com/homedetails/1-Avalon-St-Revere-MA-02151/56675392_zpid/ I have about $70K for fixing. With 70K, do you suggest if I can add a 2nd story for this house? A toilet and a master bedroom maybe? Either that, or 2 bedrooms for the 2nd floor? Please feel free to suggest . I think of this home as an investment . Thanks! Thanks! [link] [comments]  |
| 203k Consultant Was Way Off Base, What Recourse Is There? Posted: 31 May 2018 02:16 AM PDT We've been under contract for a month on a FNMA property in NJ. We've got less than 30 days til we are supposed to close. We were told by the 203k Consultant after performing a Feasibility Study that the repairs and renovations for the property would be 60k and that includes a 15% contingency reserve. The ONLY reason we proceeded forward with the transaction paat inspection was the assurance from the 203k Consultant, Realtor, and Lender that the 203k Consultants information regarding the property would be accurate. Now, we've had 3 contractors come out to the property (and many many more shoot us down based off the fact it's a 203k loan) and 2 out of 3 have said that the work would be around 110k. 203k Consultant said <60k. We would accept the amount being a little but off - a couple thousand, even 10k. But the bids are coming back at double. Still waiting on the third guy. Thankfully we haven't paid for septic engineering yet, but we've still put down $1500 + our $1000 in EMD. If we can't find a contractor that comes close to the 203k Consultants #s, we're going to need to back out. And if we do that, we'll have wasted a lot of time and money on this house, based off of a bogus feasibility study. Do we have any recourse to, at minimum, get a full refund from the 203k consultant, since clearly he didn't properly do his job? We've posed questions to all parties involved and their "answer" is to basically keep shopping contractors and once we select one, we can adjust the loan numbers. And OBVIOUSLY we can make the loan numbers match the contractor bids, but I'm not willing to spend $2600+/month on my mortgage, thank you very much. [link] [comments]  |
| Need advice. Potential income property! Posted: 30 May 2018 04:42 PM PDT My family owns a cottage in a popular summer tourist destination in New Hampshire. The home has been in our family for 3 generations. It started off in the early 1900s as a 1 room cabin with no running water or electricity, and over the years has had several additions. Today it is a modest cottage with 1 bedroom + loft area, 2 bathrooms, kitchen, living room, and screened porch. It sits on 2.5 acres of land. Unfortunately, it has fallen into what I believe to be a state of disrepair. The house has some structural problems, needs a new roof, to be painted, and would need general remodeling to bring the house up to date. I don't see my family performing these updates as we only use the house a few weekends in the summer each year. It's basically sitting there unused. My parents currently own the house. They have no plans to remodel the house or do anything with it at all. Their plan is to give it to either me or my brother when they get older. My plan would be to ask my parents to give the house to me now. I would demolish it and build a new home, one that would appeal to renters looking to vacation in the area. Most likely 2-3 bedrooms, with modern amenities. I've been looking at modular homes, and it seems feasible that I would be able to complete the project, start to finish, for under 200K. This is the exact same price the house is valued at. My questions to the reddit community are this: - Would I be able to take out a loan against the existing dwelling, then immediately demolish it? - Does this plan sound feasible? What problems would you foresee? - Does this seem like a way to build personal equity and generate an income property? [link] [comments]  |
| Bad plumbing contractors... what to do now? Posted: 30 May 2018 09:05 AM PDT I had to have the plumbing contractors come back twice to fix stuff already, and we found many ways they tried to cut corners. I'm not sure if this latest discovery justifies another complaint, or not... The latest discovery was that they hooked up some of our toilets in the downstairs to the hot water tank... is this a big deal? Besides a little higher energy costs, is there any other consequences? [link] [comments]  |
| Posted: 30 May 2018 05:14 PM PDT My Fiancé and I are looking are selling her house privately before the wedding, we are wondering what we need for legal documents? We will get a lawyer to put it through once we have a buyer, but we are not sure if we need one before we get to that point? Any help is welcome, Thanks. [link] [comments]  |
| Posted: 30 May 2018 12:18 PM PDT We listed our place at 300k. Buyer offers 285k. After negotiation we settled on 292.5k. We signed a contract. Now the buyer wants us to raise the purchase price to 300k and get a 7.5k credit at closing. They're only putting 5% down but our realtor called their lender and the lender assures us they have immaculate credit and actually can put more down but decided to do just 5% (why would you tell us this?) We are having a difficult time with this for a few reasons.
I guess I'm not sure whether this is a common thing or whether it should raise any red flags. I understanding wanting more cash in hand at closing but this seems like a weird way to go about it - after the fact. These are ostensibly good buyers that are very excited about the property. Should we be worried? We get our inspection results tonight and this is sort of rubbing us the wrong way, making us not want to provide credits because we feel like this would be doing them a favor, with nothing really in it for us. [link] [comments]  |
| Planning ahead, how far out from moving should I find a property management company? Posted: 30 May 2018 02:36 PM PDT I'm only 25 so still learning about realestate, could use some advice from you guys. In almost exactly a year I'll be moving out of state and purchasing a 2nd house while keeping my current single family home I own and renting it out. With the the down payment I had when I purchased my house (100k down on a 220k house) and the mortgage payment amount, my current property can be rented for approximately 2.6-2.8x what the Mortgage payment on it is....this is looking at both online estimates as well as how much current renters in my neighborhood pay. How far out should I start working with a property manager? 6 months, 3 months, now, etc? [link] [comments]  |
| Closing Tomorrow, First Time Homebuyer, Last Things To Know? Posted: 30 May 2018 05:18 AM PDT Hi all, 24 year old first time homebuyer and I'm so excited to be closing tomorrow! I have my walk-thru today and as the clock ticks, I was just wondering if there's any last things to know or be aware of for walk-thru and closing. Things to bring I may not think of, etc. I'm bringing a personal check book, my IDs. I've had a 60 day close due to a down payment assistance loan and this has been the most stressful experience of my life but it's almost here. Cheers! Minnesota. [link] [comments]  |
| How do I ask my Dad to split a rental property Posted: 30 May 2018 07:52 PM PDT I 20/M really want to begin early with passive income earners. I inherited decent money and don't want to end up wasting it. I want to split something with my dad who owns a construction company so he knows much more than the nothing I know about real estate. However, he is very traditional in his fixed mindset about spending large amounts on something like a rental property when paying the bills is always more pressing. I really think it would be amazing for not only me to learn, but to also take stress off of his active income from his heavily stressful active income job. How do I address in a way that could change his mindset and break his stubbornness and take the risk? TL;DR Want to split rental property with dad, but know he is stubborn and a closed mindset. How do I ask? [link] [comments]  |
| Posted: 30 May 2018 01:34 PM PDT For those who have taken it, how long did the online courses take to complete? I realize you can set your own pace. Once the courses were complete, was the process of proving the appropriate courses were completed easy in signing up for the final exam? How beneficial has having your license been on your life? Anything to be aware of or wish someone would have told you before you gained your real estate license? Any help is much appreciated. [link] [comments]  |
| Posted: 30 May 2018 10:22 AM PDT I have some very close friends with family members who work for a mortgage company. I expressed interest in buying my first home later in the year. I'm waiting for several reasons:
I saw the friends and the mortgage company employees at a gathering last week, and a day or so later one called wanting me to apply now. I told him the situation, and said something along the lines of "It will only hurt your credit minimally, and I can tell you what you need to do to raise it more." I've done a lot of research and have a lot of success already in regards to my credit, so I'm not sure if this is needed. While I trust him, I trust the other one more on the advice of other friends who have done business with them in the past. He called again yesterday wanting to set me up with a real estate agent he works with. I don't want to immediately assume he's pressuring me, and probably doesn't intend to if so. However, I know it's his job and he's essentially a salesman. Is it in my best interest to get the ball rolling ASAP? Or should I focus on the credit score now and fulfilling my lease (I don't want to double pay more than a month or so)? [link] [comments]  |
| Why would a home builder buy a house, then sell it several years later? Posted: 30 May 2018 06:59 PM PDT Location: Houston metro. I'm looking at buying a house, and the county appraisal district site says the current owner is a home builder...but it's not new construction. It says the home builder, "X Homes LTD" bought the house in 2015 from an individual whose name is listed as the seller in 2015. Doesn't make sense, why would a home builder buy an existing house, then sell it several years later? [link] [comments]  |
| Need advice - break the lease to buy a home? Posted: 30 May 2018 06:29 AM PDT Update: We got a hold of our landlord and she did surprise us. She was happy we have the opportunity and just asked that we give 60 days notice if we get an approval. Thank you all for your help! Hope this is the right place for this question, if not, my apologies. This is in Connecticut. Back in February we began the search for our first home with a rental lease ending June 1st. We made a lowball offer on a home we loved but it was understandably rejected. We gave up on or search deciding to wait a but longer. Last week we renewed our lease for another year. 2 days later the sellers of the home we bid on reached out, letting us know they are going to drop the price if we were still interested. We told them our original offer still stood but did not submit a formal offer, and we didn't hear back. The next day we see the home relisted online, at 10k over what we offered. They said they would except the highest offer placed on or by June 1st. We are hesitant to formally place an offer because we just signed this lease. We never told our landlord we were looking because we had planned to give her plenty of notice back in February if our offer was accepted, but now if our offer is accepted(however unlikely at this point) we would have to break a brand new lease. We don't know how she will react and there is a clause stating that we are responsible or all rent owed if we terminate the lease early. Is there a way to work around this? Is it advisable to take the risk of an issue with the landlord for a house we love? Any advice, legal or otherwise, would be much appreciated! [link] [comments]  |
| Why do some listings say cash only? Posted: 30 May 2018 04:08 PM PDT Maybe I am confusing myself... but say I have a pre-approval mortgage for 800,000, how is that any different than a cash offer? [link] [comments]  |
| An extra $100 toward monthly mortgage payment. Good idea? Posted: 30 May 2018 09:58 AM PDT I just made my first monthly payment on my house (first time homeowner). I also just got a raise and now I can put an extra $100 toward paying off debt every month. I have student loans in addition to the mortgage. I also have a retirement account through my job that isn't maxed out yet. Where do you think the $100 should go every month? Please let me know if you need more information. If it matters, I would like to sell this house in 5 years and buy a more expensive one, and my goal is to use my equity in the current house as the major chunk of the down payment for the new house. Location: near Atlanta, GA [link] [comments]  |
| Question regarding Co-ops in Hampton Roads, Va Posted: 30 May 2018 03:51 PM PDT Is it possible to change them to condos? And if so, what's that process like? (Pretty lawyery I'd assume) Thanks in advance for info!! [link] [comments]  |
| Posted: 30 May 2018 03:37 PM PDT |
| What is the best website to look for an apartment to rent for just a month? Posted: 30 May 2018 05:20 AM PDT Im looking to rent an apartment in South Florida for a month, since im just waiting to move into an already leased apartment in September. What website would be good for this? [link] [comments]  |
| Need help with utilizing value increase Posted: 30 May 2018 10:58 AM PDT My wife and I bought our house 4 years ago and since then we have put in a lot of work on remodeling it. We bought the house for $80k. The value is around $110k, based on county assessors office, but we plan on getting an appraiser to come out to get a better value. What can we do to take advantage of that? We would like to do a couple more room remodels, but don't have the cash to do them. Is a refinance something we could do now that the value has increased so much or are those only used for getting a lower rate? Is a construction loan the best option since the amount loaned would be used for remodeling? Is this even something people usually do (use a value increase to get some cash)? We are in Idaho if that makes a difference. Thanks! [link] [comments]  |
| Posted: 30 May 2018 06:33 AM PDT A house just popped up on realtor.com in Pre-foreclosure it is in the area I want to live and last sold in my price range. I've never dealt with this type of property what steps if any can be taken to possibly look at this house and possibly make an offer? [link] [comments]  |
| How do I buy this foreclosure? Posted: 30 May 2018 12:10 PM PDT [Agent - PA] I have a seller that is under bankruptcy protection from foreclosure. She has till September. She is 7 months in arrears. P&I is $643 and the escorwed payments are $1,100, so we are saying she's $7,000 in arrears. She would also like $10,000 to pay her mom back for the closing costs gift from when she bought the house years ago. The bank in owed $134,000. Right away I was thinking I could do a quite claim deed, pay the arrears amount and continue to pay bank while I put tenants in it. Is that the right way of going about it? Subject -to? I've sold houses in this area, I lived down the street. It would appraise for $150,000 no problem. So I was thinking I could pay what she owes, take possession some how? Then cash out refi? Help me out here. [link] [comments]  |
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