Agent lying to seller Real Estate |
- Agent lying to seller
- Seller agent trying to go against contract
- Rental unit hijinx "well thats a first"
- [Fairfax County, VA] Seller did not disclose finished basement was zoned as ADU and that, if they ever sold, their permit/zoning would not convey to new owners.
- Experiences and advice - buying land to build a home
- 35% Income Tax for Expats?
- Real Estate prices
- What are the characteristics of a successful real estate agent?! [IN]
- Listing in FMLS and state-wide MLS, but not local MLS.
- Beginner at Real Estate
- [SC] Selling Agent Put My Home on MLS Early
- What does ratio of for sale and for rent mean to an investor
- Buy now, or buy later...
- [Atlanta, GA] Went from hype before listing, to feeling deflated 2 weeks after our place hitting the market. HOLD, lower the price, or take it off?
- Questions about becoming a real estate agent in NJ
- Secondary Careers in Real Estate besides Sales Agents?
- Building a House - Worth it?
- Late Night Visitors
- Selling a home in Vegas, what is a reasonable percentage to pay my realtor?
- Listing claims 10 year lease but physical inspection proves otherwise
- [TX] Chicken : Egg :: Floors : Walls
- Can anyone share a fillable PDF C.A.R. Form EL 11/11 (California Extension of Lease) with me? I am having a horrible time trying to find one, even to pay for. Even a link to a site that I have to pay for the form if fine. Thanks!
- 3 weeks after closing, lender sends me a doc to sign that updates our LOE for why we are purchasing an investment property.
- Under Contract Once. Now no takers.
- Those who own a house in Philly, what are good areas to buy in? the pros and cons?
| Posted: 09 Jul 2018 01:00 PM PDT Ok, I'll keep this short. We need help, and to know what to do. We're in NYS, and found a house we loved at an estate sale. Spoke to the owner beforehand. They already had an agent lined up and had us contact them for price/offer once it was listed. I noticed this agent had a habit of listing houses lower than they're worth, and selling for even less to an investment company. We offered 100k (it was listed at 79k), all pre-approved. House was completely worth it. One paper cieling tile was loose, and a window needed replacing. Rehab mortgage approved for those small issues if necessary as well. Agent knew this too. I just spoke with the owner to let them know to contact us if it falls through, they apologized because the agent told them the house was a money pit (that's a lie, I've flipped homes before and know all pertinent codes and costs). They said they sold it to an investor for less. What do we do? CAN we do anything? Edit: located in Buffalo ny [link] [comments]  |
| Seller agent trying to go against contract Posted: 09 Jul 2018 09:19 PM PDT I am in escrow for a home and we agreed to 50/50 split on escrow and title fees. I was reviewing my mortgage closing costs and discovered they stuck me with 100% of everything. Almost 7K in title and escrow charges. Obviously I am refusing to sign and now lost trust in other parties. What expenses should I be required to cover in this situation and what junk charges should I look out for? [link] [comments]  |
| Rental unit hijinx "well thats a first" Posted: 09 Jul 2018 04:13 PM PDT NA, in TN. Okay this is just a funny situation I thought I would share so you could get a chuckle. So... tenant goes to move into a unit and it had somehow not be rent-readied. She was just dropping stuff off before going out of town so we had time to fix. She says there are things left behind, bathroom dirty, etc... So I send our person over "remove any construction leftovers and clean". Person calls me this afternoon "okay all clean and I loaded up all the boxes and clothes" Wait, what now? They thought the tenants belongings were part of what they were supposed to get so they had loaded all the poor tenants belongings into the truck. Tenant is being cool and stuff will go back tomorrow and I will do something nice for her in apology. Every day is a new adventure! [link] [comments]  |
| Posted: 09 Jul 2018 08:20 PM PDT 7 months after purchasing a home I received a notice from the local county Department of Planning & Zoning that the Affordable Dwelling Unit permit/zoning does not convey to me. According to the paperwork the previous owners justified the ADU and skirted some of the the typical requirements by having partially disabled live-in elderly parents. The ADU is comprised of multiple elements: the basement (bedrooms, kitchen, full bath, laundry room), side entrance, patio, and fence. I don't really care about the whole ADU thing, it's not why I bought the place. I use most of the space for a home office, the remainder is a small guest room, and the washer/dryer did not convey so the laundry room was converted to storage. But the ADU allows me to have a second kitchen, separate entrance, etc. which is perfect for a home office. It will also cost thousands of dollars to bring my home back into code if I lose the ADU exemptions. I'm frustrated that the sellers did not disclose that it wouldn't transfer. Even worse, their permit was only good for 5 years and would have expired in a couple of years. Moot point since the permit didn't convey in a sale but they must have known one way or another that this would come up again. I found a ton of resources for people who want an ADU but not the other way around. The main problem is that according to the County paperwork many exemptions were given to the prior owners to accommodate their live-in elderly parents. I don't know that I'll be able to make the same case with a home office and elderly parents with no physical handicaps who just occasionally visit. I assume I need a lawyer, correct? I'm shocked that the prior owners were allowed to sell without disclosing these things. And I can't believe that this didn't come up during due diligence. Who fucked up? Was the seller legally obligated to disclose this? Aside from hiring an attorney are there any other (free?) resources available to me like contacting the Title company? Or will they just immediately try and cover their ass? Is anyone going to be on my side or am I pretty much on my own without a lawyer? [link] [comments]  |
| Experiences and advice - buying land to build a home Posted: 09 Jul 2018 08:49 PM PDT We saw an interesting piece of land about 5km from a town. It's 55ac next to a river but it has limited road access (forest service road) and as of now no services hooked up. It's all trees. I've contacted some local builders for more specific info but I'd love to hear some of your own experiences with land and building from scratch. How much land was it? How much did the process and up costing? What were the biggest surprises? How long did the entire process take? Would you do it again? Your province/state would also help to compare apples with apples! I'm in BC. Thanks a lot [link] [comments]  |
| Posted: 09 Jul 2018 07:31 AM PDT My brother is a trustee of commercial property in Florida that the three of us (I have a sister too) inherited from our father. My brother makes about $3,500 a month in rental income. My brother withheld 35% tax on a $1,260 check to me. He says because I live overseas, the CPA told him I must pay 35% income tax even if that source of income is from the United States. I am living in Cambodia unemployed and collect no foreign income outside of what I collect from the United States. I could find nothing online to verify such a high rate for that low amount of money. Is the CPA correct? [link] [comments]  |
| Posted: 09 Jul 2018 10:23 PM PDT I am living in southern California, which has high prices... And almost unaffordable. I have a simple question, my friends tell me that the prices of housing tend to drop every 10 years similar to what occured in 2010. Do you see that occuring? And what makes the prices go down? Thank you [link] [comments]  |
| What are the characteristics of a successful real estate agent?! [IN] Posted: 10 Jul 2018 01:01 AM PDT A successful real estate agent knows its customers. Their target is to prioritize trust building rather than taking any other step first. They are the ones who know better to butter their bread on both sides. By keeping in touch with your past clients and providing your present clients with user-friendly tools and services. "BellaRuby-Engage" Is a tool for that. By introducing them to a system which not only works with their deals and matters but also provides them with assurance and positive delivery of words. A successful agent knows the difference between making connections manually and through the internet. They know where to work their charm and where to be formal and kind. A successful real estate agent is the one who not just knows your pain points but concedes with them because believe it or not they have been there and done that. And only after battling this phase have they survived those crazy tides of failure. These qualities are not just bounded by people but also the tools and products you discover. There are CRMs worth more than realtors(some of them, technology can never replace human) as they have those extra features and tricks which makes your work easy and less time-consuming. Deny it all you want but technology has made things easier and a lot less tiring. Here is one of such services you would definitely like to go through at least once. It's BellaRuby- Engage. And if you don't, there are no hard and fast rules. It's a free country of course but you should never overlook those creeks and corners. Who knows you'll get what you're looking for right? Like finding a gem of a person at a cafeteria or an absolutely mind-blowing deal at some random site. All that changes it, is your call. BellaRuby - Engage is the solution and a fast tool for the realtors to generate more lead. [link] [comments]  |
| Listing in FMLS and state-wide MLS, but not local MLS. Posted: 09 Jul 2018 11:15 PM PDT Is there a way I can list with my local MLS? I'm listed through an agency that's not local, and they don't list in my town, but only through statewide MLS. [link] [comments]  |
| Posted: 09 Jul 2018 10:56 PM PDT Edit: Even if you dont read this please leave any resources for learning about real estate investing in the comments, thanks! So im making this post to discuss my situation and my potential plans for investing in real estate and to have outside and more knowledgeable opinions on what options i should take or anything i should know. This will be cross posted on r/RealEstate and r/realestateinvesting. I dont know how long or short this will be, but thanks to anyone that reads it. So for starters im 18 years old (about to be 19) living on Long Island. For the past few years i was searching on ways to make money in a more passive way, obviously putting more work in the beginning but the cashflow over time would be worth it. In the past month i stumbled across a youtube page called Limitless TV, where Kris describes ways to make passive income through purchasing homes and renting it out to tenants. I have already watched most of his videos and i know this is something that would be perfect to persue. So back to my situation; the next two years ill be enrolled in college for a degree in Finance and Economics, a degree i think might help me in my future plans. I have a job and will be saving for the next few years while im in school. When i get out of school however i and debating on how i should begin. Kris described a 3% down payment on your first house, and 20% on subsequent houses. Does that 3% include a house you dont move into, but the first one you purchase? I have 4 basic ideas on how i could begin but dont know which would be the best option. My first option is i could buy a house on LI and move into it, and rent out a part to a tenant. Would that be worth it on LI? I could not move in and continue living with my parents, and use that for cashflow until im ready to buy another house. But i understand the market on LI isnt the best (or is it?). What if i buy my first house out of state in a better market where i could find better equity? Again i coukd either move in and move away, which i dont know if im ready to do or live at home and get a property manager to manage the out of state property. I plan on using my degree to get a better wage job for the next few years at least. Should i stay on LI or move away? Edit: Location - Long Island, NY [link] [comments]  |
| [SC] Selling Agent Put My Home on MLS Early Posted: 09 Jul 2018 10:26 PM PDT I asked via email and had a meeting with the GM of the company last week where we discussed not listing the property for sale until issues were resolved from tenant that moved out. The issues will take approx. 2 weeks (major landscaping, holes in walls/doors, painting, fence issues, serious cleaning, trash disposal, etc.) to be resolved and this same company that is selling was also my property management company. Today I've found out the property has been listed for 4 days. No idea if anyone has seen it yet. I want the house in good condition with new updated pictures before it's hits the MLS. Now I may have lost out on prospective buyers and their agents that may be turned off as the house is in bad shape at the moment. Right now, I will be happy if they can pull the listing and send an email to the agents for anyone who saw the property that it was a mistake and we will follow up once issues are fixed. Additionally, I would expect them to do whatever is necessary to ensure when it is relisted, it is in a "New" state. Is this possible (e.g., contact local MLS listing to admit mistake and get admin to fix) and reasonable to ask for? Will be discussing with my agent tomorrow, but just a little upset and wanted to see if it's warranted or not. [link] [comments]  |
| What does ratio of for sale and for rent mean to an investor Posted: 09 Jul 2018 10:07 PM PDT I notice on realtor.com/local/your city they have the number of for sale and for rent per zipcode. What does this ratio tell you? Low number of rentals means low vacancy, a good thing? High number compared to for sales meaning high vacancy, maybe bad area? [link] [comments]  |
| Posted: 09 Jul 2018 10:11 AM PDT Im looking to get into the RE game, and I've been doing a ton of research - listening to books, playing with calculators, and walking the blocks of my potential first buy. I want to pay off my CC (6k) before take the plunge, I figure it will give me a better DTI, plus I just want to be consumer debt free. This should take ~3 months. On the other hand I am finding some decent buys, and i believe prices are only going up, as will interest rates. I also fear my emotional brain has competing wants to be prideful and debt free, but also gimmie gimmie the new property now! So what would be wiser? Jump in, or wait until I'm debt free? TL;DR - should I get into the market before prices and rates go up, or should I wait till my credit card is played off? [link] [comments]  |
| Posted: 09 Jul 2018 07:21 AM PDT Hey guys, would love to hear some advice from you. We have this modern, industrial loft in the fastest developing (subjective, but stats seem to support it) neighborhood in Atlanta, GA. It's a 1 bedroom, 2-floor loft. Before listing it, we were discussing pricing with our agent, and agreed on the ~$335k range, based on the location, comps, etc. We put a good 10 days of non-stop work in it, some renovations, painting, countertop replacing, staging, etc. In the meantime, the loft next to ours, with 200sqr ft more (still 1bdr), but much smaller rooftop deck, only 1 parking spot (vs 2 of ours) and no side patio (which we have), went under contract in 12 days with 3 competing offers, ending in $395k price $10k over asking. Our agent got very excited once he saw that price + the excellent condition of our place + some features that the other one didn't have, and decided to list at $385k. I was somewhat hesitant because I thought it was too much, but decided what the hell. We had decent traffic, but no bites. A week later, I talked to him, and he was surprised at the lack of offers, so we decided to lower it by $26k, to $359k. Our traffic increased once again. Zillow and other website stats are blowing the competition out of the water. Thousands of views, hundreds of saves, but alas, no offers. Our agent hinted at thinking of lowering the price once more, and asked what our bottom line is. The thing is, in the meantime, some comps in the area went for $370k+. Now we're deciding whether to hold (HODL), lower, or even take it off the market and rent again. What would you do in this situation? We're not dying for this money, but it would sure be nice to sell and not worry about being landlords. How would it appear to potential buyers if we lowered the price again, 2 weeks after listing? Would you hold at this price since comps seem to be moving, or lower once more, see if it goes, and if not, take it off the market? Any thoughts are appreciated. I realize you can't give a definitive answer with so little info, but objectively, the loft is in a really good condition with some nice bonuses that we feel set it apart from the rest, but some sort of disconnect is obviously there. Some say houses don't sell for 2 reasons, price and condition, and since the condition is impeccable, the price is most likely the problem. For what it's worth, I fully acknowledge that it's ridiculous asking $350k for 1bdr, but that seems to be the trend here in this area. [link] [comments]  |
| Questions about becoming a real estate agent in NJ Posted: 09 Jul 2018 03:28 PM PDT I'm 31 years old, and just quit my ten year career as a TV Producer. I'm extremely interested in going into real estate. I think I have the work ethic, attention to detail, sales skills, and people skills necessary for this gig. I'm just skeptical if I could even make a living doing this. I've lived in NYC and NJ my whole live. I literally know one person who owns a home. Maybe it's just the millennial/ city lifestyle but are people even buying houses anymore? Is the market oversaturated with real estate agents? Is it realistic to think I could get a job at an agency within a year? [link] [comments]  |
| Secondary Careers in Real Estate besides Sales Agents? Posted: 09 Jul 2018 08:54 PM PDT Currently, taking my first real estate course towards my brokerage license! Learned so much about the Californian real estate market! I've realized there's more than a sales agent, there's escrow agents, brokers, appraisers, closing agents, title examiners, etc! I don't want to do just a real estate sales agent, I want to research something more beneficial to me. I'm not trying to be a full time real estate agent - I work a remote position with unlimited PTO so I have the time to allocate to a contract/part-time/"side-hustle" in real estate. What are some not well known careers in real estate that people do? Do any of you do any of thing on the side with your real estate license? TL;DR - What careers in real estate are good to do as a secondary job with a starting point being a brokerage license? (It's okay if I have to get more licensing, I'm just curious about what's out there once you have a brokerage license). [link] [comments]  |
| Posted: 09 Jul 2018 02:45 PM PDT I live in Los Angeles and I love it however, I don't know if I'll ever be able to afford a decent sized house. Has anyone ever purchased land and built a house in Los Angeles and what advice would you offer? Is it typically cheaper than buying and by how much on average? Is it a lot of work is it worth it? Thanks [link] [comments]  |
| Posted: 09 Jul 2018 10:20 AM PDT I hope that it is OK to post this kind of thing here. We are selling our house and are in contract but waiting for the closing date. We have a real estate for sale sign on the front lawn, that has the little dangling sign that says "In Contract" . There is a medium sized POD in my driveway but I wasn't loading anything at that time of night and the POD was locked up tight. I was however in the house packing boxes and generally preparing for the move. At 9:30 I noticed headlights shining on the POD and thought that someone was just turning around in the driveway, but a few minutes later the headlights were still there. So I went outside and a guy with a heavy Eastern Europe or Russian accent stepped out from behind the POD and said "so you are selling your house" and I said yes, that it is sold, then two more people showed themselves, one man and one women and one of them asked how much did I sell it for and the other asked when are you moving, you have such a beautiful house etc.... I didn't give any specific answers, just then my wife stepped out of the front door and stood with me (about 25 feet from where our visitors were standing) and the visitors just said OK good luck and walked back to their truck. The hairs on the back of my neck are still standing up, I think that we dodged a bullet and that they were either looking for an easy target or a place to squat, while my wife thinks that they were legitimate and saw the lawn sign and may have friends or family in the neighborhood. Being from NYC I know that I am overly cautious, and I live the "better safe than sorry" cliche, but I wonder if the POD and lawn sign are an invitation to squatters or thieves. [link] [comments]  |
| Selling a home in Vegas, what is a reasonable percentage to pay my realtor? Posted: 09 Jul 2018 03:51 PM PDT My realtor said 6% is what they charge, and he could maybe get his bosses to go down to 5.5%. Is this reasonable? My dad is claiming I should pay no more than 4%. [link] [comments]  |
| Listing claims 10 year lease but physical inspection proves otherwise Posted: 09 Jul 2018 07:03 PM PDT I see a very potential property located in a major NE city, and on the listing it claims that the commercial lease has a 10 year lease however when I went in person to inspect the property the commercial unit was empty. What is going on here? [link] [comments]  |
| [TX] Chicken : Egg :: Floors : Walls Posted: 09 Jul 2018 07:11 AM PDT I want to hire out whole-house floor replacement (vinyl) and interior painting (drywall and cheap wood paneling, and accent trim, doors, and cabinets). Which should be done first? Seems smart to do painting first so not to worry about damaging floor. But flooring may require baseboard adjustment on replacement, so then do that first as not to mess up baseboard paint. I'd ask contractors but figure they'll both tell me they should be first. [link] [comments]  |
| Posted: 09 Jul 2018 06:23 PM PDT |
| Posted: 09 Jul 2018 09:23 AM PDT Original letter that we signed before closing said: The reason we are purchasing an investment property outside of <state we live in> is because we want to diversify our rental properties. The reason that we do not own our current property is due to our need to travel for work. Amended letter to sign says (changes in bold): The reason we are purchasing an investment property outside of <state we live in> is because we want to diversify our rental properties. This property will be used 100% for business purposes. The reason that we do not own our current property is due to our need to travel for work. Did my lender fuck up and they're trying to CYA? Why would they be sending me this letter to sign weeks after closing? Edit: sorry master locationbot. Location: WA [link] [comments]  |
| Under Contract Once. Now no takers. Posted: 09 Jul 2018 10:17 AM PDT We listed our downtown condo in April and were under contract within the week. Unfortunately the buyers backed out 3 days before closing. We've been back on the market for over a month with lots of showings, unfortunately no more offers. All the feedback we've received is positive except for that one "but..." it would be an easy fix if the "but..." was a consistent issue but, it's different every time. Not sure what else to do. Any advice is welcome! About the property-it's a two story 811sqft condo in the Over the Rhine neighborhood of Cincinnati initially listed at $299,900 we've since reduced to $285,900. Includes master suite on second floor and private balcony overlooking the "main strip" where all the bars and restaurants are located. [link] [comments]  |
| Those who own a house in Philly, what are good areas to buy in? the pros and cons? Posted: 09 Jul 2018 05:07 PM PDT hey im 25 from North NJ looking to move to philly to buy a 3 unit place does anyone know a good place the pros and cons of living in the city? [link] [comments]  |
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