- Passion for real estate for many years, 18 now and heading as a freshman commuter student this fall. College offers pre-licensure courses being affiliated with local real estate school, is it worth taking ? Can I pursue a career in real estate while in college ?
- Previous owner still has stuff in the house
- My Home Buying Experience: Why it Lead Me to Create a Startup
- Good LOCAL mortgage broker/lender for Los Angeles?
- Recent college grad interested in becoming a loan officer?
- How do you think the L train shutting down in New York will affect rent/buy prices in Brooklyn?
- Going about trying to buy a house not on the market?
- [LA] Is my Agent in breach of contract?
- Renting out my home in Baltimore
- Mobile home question
- First-time home buyers, questions about a specific situation.
- Moisture in duplex down during inspection
- How does the process work of buying a joint owner out?
- Market is weird in my state - would you buy/wait? [OR]
- What makes a home appreciate in value? NY USA
- Bought a home 6 months ago, I am trying to decide whether I should rent it or sell it in a year.
- Spec House
- Mortgage tips
- Looking into buying a 5 acre or less empty plot of land near a big city to build a home and live a life on... I have some questions.
- Best way to rent out 2nd bedroom in monthly/6/12 increments. safely
- refinancing
- Please clarify this basic concept. Low vacancy means easier to find a rental?
- Trying out Upnest asked for aggressive...got weak. -- How to find aggressive realtors who know how negotiate?
- How does a warranty deed and a deed of trust and assignment of rents work together?
| Posted: 08 Jul 2018 04:45 PM PDT Live in and will attend college in the NYC/NJ Metro Area. [link] [comments]  |
| Previous owner still has stuff in the house Posted: 08 Jul 2018 08:37 AM PDT My grandma bought a house to be closer to my mom, and we're not sure how to approach this issue. She bought it from an older woman who is suffering from Alzheimer's, with the woman's daughter handling most of the transaction. She closed a month ago and it was stated in the contract that she would take possession in 30 days. The daughter of the woman who owned it initially was super nice about it and said my mom and grandma were welcome to stop by (with appointment) at any time to take measurements, get estimates for remodeling, etc. This quickly changed when they would show up at their appointment time and she would scream at them that they need to leave because her mother was there by coincidence and it upset her. This happened twice. The main issue though is my grandma took possession today and there is still A TON of stuff in there! Anything from small junk to large pieces of furniture. They called the realtor and she said the family told her they'd have everything out this afternoon, but it seems unlikely with the amount of stuff in there. Is my grandma legally obligated to store this stuff for them? The place isn't big enough for two households of stuff. The realtor isn't helpful at all and keeps asking us all to be patient and just give them time to get stuff out, but at this point it seems unreasonable. Edit: Missouri [link] [comments]  |
| My Home Buying Experience: Why it Lead Me to Create a Startup Posted: 09 Jul 2018 04:17 AM PDT
My home search started well before my home search started. Naturally, I was very interested in looking at homes long before I knew my wife and I would begin searching in earnest. To that effect, I thought that by the time we were ready to tackle the challenges of home buying, we'd be left with only the fun stuff. I knew what, I knew where, and I thought I knew how… [link] [comments]  |
| Good LOCAL mortgage broker/lender for Los Angeles? Posted: 08 Jul 2018 06:17 PM PDT Sorry this is such a specific question, but I tried asking over in asklosangeles and only got one reply. Looking to buy a house soon and wanting to avoid the larger and online based mortgage brokers like Quicken and SoFi. Looking for local brokers/lenders to find someone I work well with and who will be responsive and helpful through the process. Anyone with any experience/recommendations for a quality lender in LA? Specifically looking for someone who handles jumbo loans considering the market. [link] [comments]  |
| Recent college grad interested in becoming a loan officer? Posted: 08 Jul 2018 07:21 PM PDT Hello everybody, I hope I chose the correct community to post this in and any replies at all will help! I recently just graduated from college with a BA in Psychology. I currently work retail and have been for 3 years as a sales associate. Now I am ready to step into the real world and pursue a career. Im interested in becoming a Loan Officer. I'm a great communicator and honestly I bust my ass at anything I set my mind too. Loan officer appealed to me because I read that it can be a lucrative career, as long as you are willing to put the time / effort into it. My question for you is, where do I start? This is essentially the first step I am taking. If there are any loan officers in here that could help me get some information it would be EXTREMELY appreciated. I am located in OHIO if that makes any difference to you guys. Thank you very much in advance [link] [comments]  |
| How do you think the L train shutting down in New York will affect rent/buy prices in Brooklyn? Posted: 08 Jul 2018 07:57 AM PDT The main train that connects Brooklyn and Manhattan is shutting down in 2019 for 15 months. This will disrupt hundreds of thousands of people's commutes, and that area will be far less desirable in the short term. How do you think this will affect rent/buy prices? [link] [comments]  |
| Going about trying to buy a house not on the market? Posted: 08 Jul 2018 10:26 PM PDT I bought some land a few years ago to hunt on. Not much, about 3 acres, but it's mine. Now, there's a house adjacent to my land I want to buy, but it's not listed for sale. What route should I take to show the owners in interested? The owners are 2 old folk. The house was listed as sold about 10 years ago for $60,000 Should I just go knock on the door on a Sunday evening? Chattanooga, Tennessee [link] [comments]  |
| [LA] Is my Agent in breach of contract? Posted: 08 Jul 2018 07:43 PM PDT tl:dr Listing agreement expired while under contingency, emailed broker and real estate agent to cancel listing, they continue to show the property without a listing agreement extension. I also feel like my agent has sandbagged to sell my house to a family friend without actual proof. I recently had to put up my house for sale as my job required me to move to another state. Due to the quick turn around I decided to use the same agent that we used when we purchased the house several years ago (mistake). In December I signed a 6 month listing agreement that expired in June. Two months into the listing agreement, the agent changes brokers and re-lists the house without signing an extension. During the 6 months my listing agent has not exactly been the most stellar representative of the property. I often have to reach out to her for information or feedback from showings and overall she is very slow to respond, if she responds at all without me reaching out first. I constantly pepper our agent with questions or recommendations for improving our listing to which we are met with "You house has maximum exposure" or "The house is fine and you can negotiate if you get an offer". About 3 months into the listing I get several interested parties in the house but I am informed that they would not be able to put an offer on the house until they put their house on the market. Again, as the remaining three months pass I get multiple viewings per week, but oddly zero offers come across to us. In the final 30 days of our agents listing agreement, suddenly I get a contingent 60 day offer after a bit of negotiating. The buyers are unable to move forward with the purchase until they receive an offer on their house. Reluctantly I accept the offer as its the only one that has come across with low expectations that the offer had a chance of completion based on the pricing and location of their house. After the contingency is signed my spider senses start to tingle and I get the feeling that my agent had been sandbagging. Looking at the contract, the buyers, and the buyers agent have the same last name and possibly related. A quick google search shows that this is the buyers agent first listing (the buyers home that needs an offer before they can move forward with the purchase of my house), and subsequent first sale as nothing comes up in her agent history. Some more googling and it looks like my listing agent personally knows either the buyers or their family based on my agents public facebook. While the house is in a "big city" it is quite a coincidence that three people in this transaction have the same last name. 30 Days into the contingency our listing agreement expires. I email the broker and the office manager:
The Broker responds and basically threatens to sue me (in an email) if I engage another realtor while I am under contingency even though our listing agreement has expired. The broker and the realtor still have my house listed and continue to "show" my house even though I have not signed an extension to the listing agreement. The listing agent has sent me the supra key log, which primarily shows her access and very little access from outside realtors. While I have roughly two weeks left in the contingency and will not be signing any extension, is the broker and realtor in breach of contract? Should I report them to the LA Real Estate board for misconduct once the contingency has ended? [link] [comments]  |
| Renting out my home in Baltimore Posted: 08 Jul 2018 06:47 AM PDT I would like to become a first time landlord and rent out my house in Baltimore. Does anyone have any advice? Are there any forms and ordinances that I need to be aware of? This is such an overwhelming task that I have no idea where to begin. [link] [comments]  |
| Posted: 08 Jul 2018 06:00 PM PDT So I saw a mobile home for $40k in Huntington Beach California on a well known website. Is this legit or is there something hidden? [link] [comments]  |
| First-time home buyers, questions about a specific situation. Posted: 08 Jul 2018 08:14 PM PDT Hello all, Background on us me and my significant other (of 7 years) are recent college graduates. I currently work as a server and freelance designer while looking for a job, and my girlfriend is newly employed as an accountant with a salary of $50,000. (You can tell who is the grounded one in the relationship) we both worked during school and I've been at my position at the same restaurant for 6 years, although I only claim around $20,000 a year. But we have a $12,000 saved for a down payment. The house A friend of ours has inherited a nice house from a neighbor he befriended. The man was an old grouchy hoarder. Our friend is a doctor and owes nothing on the home, he also has cleaned it out through a number of yard sales. The house is old but really beautiful, and just needs work. (Mostly aesthetic stuff, but an inspection would give us a better idea). The question Is anyone going to give us a mortgage loan? The FHA may not be an option based on the age of the house and the possibility of having old electrical, lead paint, etc... And I'd approach our friend with him holding the mortgage while we repay since he's not hurting for money by any means, but I've read that those are usually ballon loans. Could we set up a ballon mortgage with him then refinance with a lender later when we are more established? Summary Sorry if I sound dumb or naive, just looking for honest aswers before we start really getting into this. Thanks to anyone who can help out! Location: Pittsburgh PA [link] [comments]  |
| Moisture in duplex down during inspection Posted: 08 Jul 2018 07:55 PM PDT I'm a FTH buyer in Chicago and buying a duplex down. For those of you who don't know, it's not a full basement but half basement (pretty standard in Chicago). Today was the inspection and the inspector found evidence of moisture penetration at corners of a bedroom. The inspector thinks the leak is because of the roof downspouts comes down right in this area. He also found a crack and ongoing seepage in the crawl space where sump and ejector pit are located. The seepage is coming from around the sewer pipe. The seller immediately opened a few spots and the drywall is dry but the exterior stone is damp. They are planning to scope the drains. We will all meet with a water proofing contractor after to discuss how it will be fixed! I'm terrified because of all the moisture related issues that I keep reading here. I would really appreciate any advice or inputs on what I should expect during my meeting with the contractor. [link] [comments]  |
| How does the process work of buying a joint owner out? Posted: 08 Jul 2018 07:20 PM PDT My sister and I bought a 3 family in Boston back in 2010 (which I would never suggest anyone to do). The house pretty much paid for itself while we each contributed a small amount towards bills and other repairs. I bought an 2 family investment property in Sept of last year from being able to save while at home. She met her bf and is currently pregnant and already has a son. We haven't really been on the best of terms but thats neither here nor there. She went out and bought a townhouse in NC and should be moving with my nephew by end of the month. We got into an argument today and she brought up wanting to be bought out or selling the property. I want to do neither lol. But anyway, whats the process of buying someone out? How much would I have to give her. Also I was looking to buy another 2 family to actually move into myself next year and start my own family. How would buying her out affect this? Can anyone who has been thru this before shed some light on how it works? [link] [comments]  |
| Market is weird in my state - would you buy/wait? [OR] Posted: 08 Jul 2018 06:55 PM PDT I live in a town here prices have been out of whack for a while. Where the median income is about $20k/yr, houses average house is about $300k (and $575k a year ago). I've been waiting it out hoping prices continue to drop, but this month it started going back up. I searched online about trends in general in the USA and a lot of sites seem to think house prices are going to continue going up over the next year. I know it's hard to accurately guess where a market will be in the future, but what's your general feeling about buying a house in this area with those kinds of fluctuations? If my personal info matters, I can probably afford about a $250k house but I need a 2 bedroom house which seems obtainable right now. Thanks [link] [comments]  |
| What makes a home appreciate in value? NY USA Posted: 08 Jul 2018 09:30 AM PDT What would the reasons be for the house across the street from me doubling in value while mine sits at the same value it was 10 years ago? No serious renovations have been done in either home. [link] [comments]  |
| Bought a home 6 months ago, I am trying to decide whether I should rent it or sell it in a year. Posted: 08 Jul 2018 05:57 PM PDT I bought a house in a rural area about six months ago because it is close to where I work. However I have recently found out I will be moving states within the next couple of years. I have about 5000 in equity in my current home. I am trying to decide whether I should rent it out for around $1100 a month or whether I would just like to sell it while the market is good. My payment is about $850 a month. The market where I live is very dependent on the oil field, and there is a chance it could crash within the next couple of years. After I sell or rent it I might live in the area I do now for about another year. I am trying to decide whether I just want to rent an apartment or if I want to buy a duplex in the city, and rent out the other side of the duplex. Then when I move states I could rent out the whole thing. Thank you in advance [link] [comments]  |
| Posted: 08 Jul 2018 01:47 PM PDT Greetings r/realestate Here are my assets as I see them: My father and mom transfered ownership of a plot of land in the Oakland hills (bay area, hot real estate market). It is an upslope (most expensive to build as the driveway needs to be built/excavated into the hill. My father is a retired master carpenter. He's already designed and built a beautiful house for himself and my mom in the hills and is willing to design and donate labor. My brother is a professional carpenter. I am a teacher who has worked as a carpenter. My brother and I both own our own homes with our respective wives and have equity we could potentially borrow against. My brother has substantially more equity than me. He also has three kids and is the primary bread winner in his house. My wife and I have no kids though that may soon change and she is the primary breadwinner. Our thoughts are for my brother and I to take a year or two off from work and use loan to pay for materials and living expenses. The area is Oakland which is red hot, though it is in the hills which, although historically the most desirable area, the more urban areas are in higher demand. Homes there are in the 1 million range. There would be a potential view of the bay if we could pay/persuade neighbors to cut trees, though that seems wishful thinking. Excavation and foundation cost will be astronomical from what I can only imagine (haven't done research yet, though I can only imagine it will be a lot). Does anyone have any resources for this sort of project or advice. Obviously, the market could change and we're opening ourselves up to risk in this regard. Thanks [link] [comments]  |
| Posted: 08 Jul 2018 04:22 PM PDT Looking for some mortgage tips before closing in USA. Update: Location is PA. Is there a mortgage 101 thread ? What are the pit falls to avoid ? Check for prepayment penalty, etc ...? Do all mortgage banks provide a Good faith estimate ? Does it help to have an escrow account for payments ? What fees can be waived by the bank ? I have good credit history and with 10% down payment, am offered 4.25% for the 1st mortgage (80%) and a HELOC for the 2nd mortgage starting at 5.75% for the remaining 10%. Is this a good deal ? My credit union loan guy thinks its too good. Thanks for the help. [link] [comments]  |
| Posted: 08 Jul 2018 12:24 PM PDT My fiancée and I want to do something a little less traditional than the norm. We both swear we do not want any kids, we really just want a quiet life to ourselves on a piece of land we own, but we also want the property to be near a big city so we can find work easier. I don't want to have to spend more than 20-30K for this lot so it can be basic as in no electric or sewage or anything. All the empty plots of property I find are always way in the boonies at least a couple hours from big cities. I feel like I'm looking in the wrong place. We don't care where we live, literally anywhere in America, we just want to build a life for ourselves in a new place. Edit: also, where online should I be looking at empty plots for sale? There's so many options I have no clue what the best sites are. Edit #2: I currently live in Atlanta, Georgia. We would prefer to live out west somewhere like Utah, Colorado, Cali, Washington, or Oregon. TL;DR = where in America is the cheapest place I can buy an empty plot of land 5 acres or less without any utilities installed but yet still less than an hour or half hour from a big city? [link] [comments]  |
| Best way to rent out 2nd bedroom in monthly/6/12 increments. safely Posted: 08 Jul 2018 09:49 AM PDT Anyone know the best way? It is a condo and I don't use the 2nd room. Thanks :] [link] [comments]  |
| Posted: 08 Jul 2018 03:23 PM PDT Hi, in CA own a home worth 450k, still owe 273k on it. it's currently an FHA loan 30 year fixed at 3.25% and my monthly payment is around $2100. What are the benefits of refinancing to a conventional 30 year loan? and why are my monthly payments so high compared to the "estimates" online despite having a much lower interest rate? thanks in advance [link] [comments]  |
| Please clarify this basic concept. Low vacancy means easier to find a rental? Posted: 08 Jul 2018 01:50 PM PDT "And Indianapolis has a 5.6% apartment vacancy rate, which makes it easier for renters to find a place and harder for landlords to hike prices" This quote I read was in Forbes. I thought that a high vacancy like 10% would make it harder for land lords to increase price and also easier for a renter to find a place. 5.6% is a low vacancy, so wouldn't that mean they could raise prices? Also, it'd be harder to find a place in a city with low vacancy? Does the writer of this article simply have it backwards? [link] [comments]  |
| Posted: 08 Jul 2018 01:43 PM PDT |
| How does a warranty deed and a deed of trust and assignment of rents work together? Posted: 08 Jul 2018 01:17 PM PDT I am buying a property under a seller carry back loan and I have a "warranty deed" and a "deed of trust and assignment of rents". Can I (the trustor) sell a portion or interest of my property without the permission/consent of the trustee and beneficiary in the deed of trust? Any help would be great! Thanks. - Tucson, Arizona [link] [comments]  |
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