Bay Area - About to start house buying process. Can someone help me understand the value of a realtor? Real Estate |
- Bay Area - About to start house buying process. Can someone help me understand the value of a realtor?
- [NYC] Is it illegal for a seller's agent to not allow you to view a unit or delay viewing or submitting an offer because you have a broker?
- I think I fucked up bad
- [TN] Fast Moving Market Part 3: Closed on Tuesday!
- Closed yesterday. Seller still isn’t out. No keys. (WA)
- Advice needed - transferring house
- Interim housing between selling and buying? [Raleigh, NC]
- Our home on the market was broken into and had staging furniture and electronics stolen - advice on how to move forward?
- New apt, landlord switching offer up, any recourse?
- RealEstate Home insurance (CA)
- What do you want to get when you first bought a house ?
- Interview tips?
- General thoughts on buying property in North NJ? Good investment still?
- How do I make a quick sale?
- Where do I start in buying a house with cash? Syracuse, NY
- Buying a Home With Non-Permitted Addition (LA)
- Looking for a developing area (continental US)
- Closing next Friday morning. Sellers asked if they can stay Friday night and give keys on Saturday morning. They say they need extra time to move stuff into there new house. Is this common? They seem trustworthy and nice enough. It just makes me a little nervous to leave closing without the keys.
- Looking into purchasing a new home with a large tree close to house
- Will neighbor's foreclosure affect us selling our house?
- Approached by neighboring Church to buy my home. Advice? (Looong)
- Help me analyze this property in a city I know nothing about. (Chicago expert needed)
- Vacancy rate - House bedroom qty (CA)
- Who shall pay for it?
- I inherited my home, but yet I didn't? I just want legal possession.
| Posted: 05 Oct 2018 10:07 PM PDT I know there are a lot of real estate agents here so I want to make it clear that I'm not trolling or trying to be a jerk or anything like that... I'm trying to learn before we dive in. Here are some of the things I'm thinking...
I appreciate your perspective on this! [link] [comments]  |
| Posted: 05 Oct 2018 06:37 PM PDT There is a new construction building that I was interested in that is only selling currently to people who don't have brokers. This seems like it is illegal. They said because I have a broker, that the units will not be available to me until December. I suggested that maybe I can go unrepresented, and they said sure. But this also does not seem right. I am obviously not well versed in this, but I am sure you all are. TIA. EDIT: To clarify, the building is being represented by a large, well-known real estate company, so the communication has been with them, not the building itself. [link] [comments]  |
| Posted: 05 Oct 2018 06:54 AM PDT I just bought a 4 plex home built in the late 1800s. I figured since I had some extra cash I could throw at it I could rent it out and make good money. I did shoddy research on crime. I was told you should drive through the neighborhood yourself and see. Well I drove through and it didn't look bad I didmt feel in danger. There was one boarded up house on the street and the rest still had windows. The people seemed blue collarish. 1 shirtless guy but that's about it. Turns out this is 1 of the 2 thickest crime sections on a crime map report online and in the 7% range for top crime city in the US. Now I'm not sure I want to throw money at a rehab Should I flip and cut losses? [link] [comments]  |
| [TN] Fast Moving Market Part 3: Closed on Tuesday! Posted: 05 Oct 2018 02:36 PM PDT So despite my local market moving way to fast for the income level my wife and I have with our weird but way-cool jobs, our agent found us a great little house right in our budget, and our lender came through with a rate more than agreeable to our budget. We closed Tuesday morning and are in the process of unpacking now. Shout out to this subreddit! If I hadn't subscribed and kept up there is no telling how much trouble I could have gotten myself into; there is a lot of great knowledge just casually being thrown around here and it helped out a lot through the process. I will say, that this sub also scared the shit out of me—I expected to lose my loan during the closing meeting and if that didn't happen I figured the HVAC system would have exploded right after we picked up the keys. But in a sudden turn of luck, not only did this house pass an FHA inspection with no red flags and conveniently appraise at the exact price we offered, but there is no damage or repairs to eat through our savings just yet. [link] [comments]  |
| Closed yesterday. Seller still isn’t out. No keys. (WA) Posted: 05 Oct 2018 04:08 PM PDT So I closed on my first property yesterday. Wholesale deal. The seller did a double close and apparently didn't hand over keys at closing. (I signed my portion electronically). It's recorded already and but the realtor says he's been spotty with communication. The seller offered keys tonight at 11pm. Am I right to be a little frustrated? We're trying to rehab the property and can't even get a walk thru of my own property. My realtor says "this is normal with wholesale deals". I have no way to verify the condition of the property at this point and I'm a little concerned. [link] [comments]  |
| Advice needed - transferring house Posted: 05 Oct 2018 11:13 PM PDT Hi, I hope I'm asking in the right place. Basically, I currently live in a house owned by my parents, I pay the mortgage but it's in my parents name. When I "bought" tht house I did not have good credit. Now my credit is better as I would like to transfer the house and mortgage to my name. My question is, what is the best and easiest option available to me? Location is Michigan. [link] [comments]  |
| Interim housing between selling and buying? [Raleigh, NC] Posted: 05 Oct 2018 05:51 PM PDT What options are available for people in this situation? We have approximately 3-4 months between selling our current house and when our new place will be ready (new construction). Circumstances arose that made us want to take advantage of selling early and we won't have a lot of possessions to put into storage as our house is being sold "as-is" including all the furniture. Executive housing/furnished apartments in the area seem to have a 9 month minimum. I also looked at extended stay hotels, but I'm not entirely sure how billing would work - would they place a hold of the entire stay on a credit card for 3-4 months? I have yet to reach out to hotels in the area, but plan to do so in the next week. Does anyone have any experience or suggestions? [link] [comments]  |
| Posted: 05 Oct 2018 06:25 AM PDT Our home has been on the market for about two weeks in CA in which we had two open houses, and unfortunately our agent did not check the master bedroom window after this weekend's showing. We strongly suspect someone came during an open house and unlocked it. We have cameras and motion sensors on all doors and windows, so sure enough we noticed activity logged on Wednesday night as they easily opened that same window and got in, and were there for at least 40 minutes before our security went down. We come to find several pieces of furniture and decor left for staging gone, two wall mounted TVs removed, and several other items including our hubs and routers for the security system. They also ripped one camera out and turned the others away. Fortunately there is no real damage to the house. Most of our stuff was moved out already, minus the antique coffee table my wife's grandfather made (what we are most upset about). We feel so violated, and are furious at the carelessness of our agent (not his first strike). We know for a fact we had checked all windows the last time we were in the home (about a week prior). We do have the hub for the cameras which was still on and recording when we arrived in the morning, so we are hoping to get some footage of what happened. Honestly, our main concern is how do we sell now? We pulled it off the market to reassess while we handle police, and are considering going after our agent and using his insurance as we've been told from a family member in law he can be held responsible. We pulled the signs out front, and will not be doing any open houses going forward. He told my mother in law he'd consider selling the house with zero commission should we stay with him, but we were already fed up with his carelessness. We just want this house to sell while still getting the value it is worth. We currently are carrying two mortgages, which we can weather due to the buying our old home in the low. It's been completely remodeled from top to bottom, and is in a nice area and relatively hot neighborhood. Many homes have gone pending after a few weeks. TL:DR - House burglarized after agent forgot to check window locks during the most recent open house. How can we still bounce back and sell this house now that this break in will clearly scare folks away, without having to commit to a massive price reduction? Thanks for your help! Edit: Forgot to mention agent does real estate on his own and has his own brokerage license. Edit 2: Thanks for the advice all - this blew up quick! Glad to hear we shouldn't worry too much about price drops or getting it to sell. We will re list as soon as possible (potentially with a new agent), while we pursue claims and see what if any liability our current agent has! [link] [comments]  |
| New apt, landlord switching offer up, any recourse? Posted: 05 Oct 2018 03:06 PM PDT WARNING: MIGHT BE LONG, FIRST APT, THANKS FOR ANY HELP! Heya Redditors, LL's, renters. I have an issue. Recently I applied and got approved for an apt on Sept 25th. For the sake of the story say my original apt was #13. On the same day I went to give the deposit to secure my apt#13/move-in date for Oct 15th. After bringing the deposit to the LL, I then proceeded to get electricity, internet, and renters insurance setup for the apt#13 that I was approved for. Fast forward to Oct 3rd, management calls me saying that there's been an issue w/ the previous tenant and if I could switch to another apt (#6) that meets my needs (top floor, Oct15 move-in, balcony). I did not mind as long as it was top floor and I could move in by the 15th, I made sure to get that point across. So management says "Okay thank you, you're apt will now be apt#6" I say "Okay, so I just need to switch my bills to new apt" yes, etc etc. So I switch all the plans I setup w/ apt#13 to the new apt#6. Fast forward to today, Oct 5th. LL calls me up w bad news, apt#6 was given to someone else bc other apts didn't have what they needed. LL gives me two options: 1) Take a different, bottom floor, immediate move-in. or 2) Wait an additional week to move-in to original #13 apt, Oct 22nd. So now, not only do I have to switch my bills for the 3rd time, I have to either accept an apt that I don't want or move-in later than I need. What can I do? I need to move-in by the 15th, I already put the deposit. Can they just push me aside like that? [link] [comments]  |
| RealEstate Home insurance (CA) Posted: 05 Oct 2018 02:37 PM PDT Id like to run some numbers on what home insurance generally costs in Ontario, as well the major players or companies I should be getting quotes from. I live in Windsor. Im considering: buying property in within the next 5 years which could range from a 1-8 bedroom house up to a quadplex. Ill be renting it out or be living in a unit / bedroom with other tenants. 1) How many insurance companies are there in Ontario? 2) Who do you reccomend? 3) Who do you NOT recommend? 4) Who are you with or have been with, what was your property and what did you pay? Was your property a rental or did you live in it? 5) What are the major factors affecting home insurance costs? 6) What tactics can I adopt to lower my insurance costs? 7) Can I "bargain" with insurance companies? Is it a competitive industry? 8) Do rentals generally cost more for home insurance? 9) Will more tenants / larger properties reflect higher insurance costs? 10) Does the location of the house in a city effect the cost of insurance? IE: suburbs vs lower income area, etc 11) Would me living in the rental such as a duplex lower insurance costs? 12) Any other tips suggestions for home insurance? I plan on finding properties I am interested in and calling the insurance companies that are suggested to get a feel for what I can expect. [link] [comments]  |
| What do you want to get when you first bought a house ? Posted: 05 Oct 2018 01:48 PM PDT I am asking because many of you might be first home buyer. I never got any people close to me bought a house so dont know what to bring for their house warming party. I would like to spend less than 100 bucks . Can you guys suggest something ? [link] [comments]  |
| Posted: 05 Oct 2018 05:11 PM PDT I have an interview at JLL for this position Any tips? And is this a good position for entry into the real estate world? [link] [comments]  |
| General thoughts on buying property in North NJ? Good investment still? Posted: 05 Oct 2018 10:26 PM PDT First time buyers here. We're looking at buying because we need a place that has at least 3 rooms, and it seems to be a better deal in the long run to just buy, given that we will have 20% down payment ready to go. We have excellent credit, around 175k annual household income, with raises each year. No other debt obligations. We need a place next to trains into New York, because I work in NYC, and am not considering a commute of more than 1 hour each way. Along the train line is preferred, but buses into NYC will be considered as the very last resort. We're looking at a brand new development townhome in Wood-ridge that's around $560k. 3 bedrooms, right next to train station, supermarkets and restaurants close by, decent school district, in between me and my husband's work places, it hit all the criteria we needed. We are very close to putting down an offer. But reading about the downward trend of NJ real estate market is concerning us. There is a 50/50 chance that in 5 years, we will move overseas, but we have family here in NJ so if that happens we can rent it out and have a family member be the contact if a rental emergency comes up. What's your general thought about investing in North Jersey real estate right now? Based on the info I gave would you recommend that we buy? [link] [comments]  |
| Posted: 05 Oct 2018 02:51 PM PDT My home is 130 years old and falling apart, but not unfixable. It would take maybe 15,000ish for the repairs. The land itself is worth 40,000. Tips and advice on moving(selling) a house fast? We need the money for an emergency, aka the unhappiness of the deep Deep South and the avoidance of the lowest minimum wage coupled with the highest sales tax. Hello Louisiana. [link] [comments]  |
| Where do I start in buying a house with cash? Syracuse, NY Posted: 05 Oct 2018 04:06 PM PDT So my husband and I want to buy a major fixer upper. It is being sold by the bank for $10k. This house will need roof repairs, foundation repair, and a new furnace for the major repairs. How do we go about the buying process? Do we need a realtor? Can we just give them the cash and the house is ours? Is the house even worth $10k? What questions should I ask? Syracuse, NY [link] [comments]  |
| Buying a Home With Non-Permitted Addition (LA) Posted: 05 Oct 2018 02:09 PM PDT We are looking into a house in Los Angeles with an non-permitted room. We have been trying to research online but we wanted to see if anyone has experience with it. I know it's different per city, but it seems like a pretty common thing in LA? The non-permitted space is just a dining room attachment at the front of the house. Do you know how risky it is to buy a place with an non-permitted addition? Do you know how much/difficult it could be to make it permitted? It looks really well built, and with the crazy market in LA it's going to sell quickly. Thanks for your help! [link] [comments]  |
| Looking for a developing area (continental US) Posted: 05 Oct 2018 02:14 PM PDT Looking to move outside our current area (DMV-northern VA-Fairfax) we like the DMV but our family is growing and we are looking for something larger but in our current area single family home competition and price is really high and there is little to no new construction under a million. I work from home full time, spouse will be doing the same within a half a year. We really only have two needs: a decent school district, solid internet access (for work), and being Hmart or other asian market adjacent would be nice. Looking for areas that are developing, any suggestions, reviews, or ideas are greatly appreciated. Thanks [link] [comments]  |
| Posted: 05 Oct 2018 11:21 AM PDT |
| Looking into purchasing a new home with a large tree close to house Posted: 05 Oct 2018 02:06 PM PDT I'm looking into purchasing a new home and wondering if this tree being this close to this house might be a deal breaker. Anyone have any experience with a tree this close to the house? [link] [comments]  |
| Will neighbor's foreclosure affect us selling our house? Posted: 05 Oct 2018 10:04 AM PDT My neighbors house has been in foreclosure, it looks like for almost two years now. We are about to put our house on the market. Does a neighbor's house being in foreclosure have any impact on the value or selling of your house? They seem to still be there, taking care of the house. [link] [comments]  |
| Approached by neighboring Church to buy my home. Advice? (Looong) Posted: 05 Oct 2018 07:42 PM PDT Firstly my home was NOT currently for sale. I was mowing my lawn and was approached by the pastor of the church, which my property abuts, with an offer to buy my home. While my wife and I had considered moving/upgrading homes in the next 4-5 years (we currently live in our first home together), we had no intention in doing anything in the short term especially without having selected our next, hopefully "forever" home. During our lengthy conversation the pastor states that (despite having just completed a brand new, large family life center building on their grounds) that the church is weighing their options of relocating if they're unable to continue to make their facilities work for their purposes - not sure I'm buying it. Their plan, from what I gathered, would basically be to demolish my home (it sits on 3 lots) to make a parking lot. He proceeds to let me know how much of a buyer's market it is and even points out some nearby homes that I may be interested in. He presses me again and again to give him a number I would consider after letting him know his initial offer wouldn't buy it even in the event we would consider selling. Despite his efforts I never gave a counter to his offer, mostly because of the suddenness of the situation - letting him know I'd be unable to respond in any fashion without a serious discussion with my wife. Again this wasn't in our minds at all within the immediate future. He states the nearby pain clinic which is soon to open would likely hurt my property value and this would be a good opportunity to maximize my return before a potential drop in resale. After a valiant and repetitive sales job on his part, I felt a bit of frustration from him that he wasn't able to coax me into giving him a number or justify why to his liking we'd consider staying there with such a generous opportunity that he was offering. While we've yet to have a complete discussion, my wife and I would consider all our options before making a decision either way. On one hand this scenario would make for an easy sell providing an agreement could be made on the price. We wouldn't have to spend time listing, upgrading, staging, showing, or all the hassles that would accompany listing one's home. On the other hand..... We very much enjoy our neighbors and looking from their points of view would feel horrible that their neighboring property would become a parking lot. We would also have the issue of trying to find a replacement home in short order (although he said they'd be willing to let us continue to live there while we sort things out). We currently own our home outright and would be taking on a mortgage again. Everything has a price, and for the right deal we would be silly to turn away an attractive offer despite the surprise scenario and short term chaos that may result; especially a return we may not otherwise be able to achieve by listing and marketing to potential families vs the church. The kind of return could we potentially negotiate could potentially make our decision much easier. Our property is perfect for their expansion and is the only one that can potentially work for them. I am smart enough to know their first offer definitely isn't their best offer. While the figure he gave would likely be somewhere just shy of the range of its appraisal value (he'd done his research I'm sure) my gut tells me the value to the Church would be potentially considerably more as compared to just a 3BR single family home. Does my property have kind of a commercial value attached where it increases my selling leverage in this case or does the value remain the same regardless of who I'm selling to? I feel like I should have a bit of leverage here since they approached us especially considering we had no intention of leaving soon. It's been a whirlwind thinking about it all. And I guess I'm just looking for some outsiders opinions. TLDR: Church wants to buy our house, we weren't actively selling. Not sure what to do, but open to attractive offers. Can I leverage this to my advantage? [link] [comments]  |
| Help me analyze this property in a city I know nothing about. (Chicago expert needed) Posted: 05 Oct 2018 07:31 PM PDT 2835 S Harvey Ave BERWYN, IL 60402 I am actually looking to invest in Indy since I am local to there but tonight I figured I'd have some fun and do some Chicago multi family analysis. Please critique my numbers used in my spreadsheet. Vacancy: 8.3% With these numbers it should cash flow $678/mo. Interesting because this place isn't in a war zone and is actually remodeled. In Indy, you might be lucky to find something that does $100 cash flow per door, and it will be outdated and possibly a rough neighborhood. So because of that, I doubt my numbers are accurate. Please tell me how I need to correct them. Thanks! (Edit1: Can someone tell me how much the tax would be reduced if I were living in one of the units? I know the homestead exemption would lower it but by how much? One source says $250-2000, big range.) [link] [comments]  |
| Vacancy rate - House bedroom qty (CA) Posted: 05 Oct 2018 06:17 PM PDT Any available status online showing Vacancy rates in Canada (SW-Ontario) based on house size? I am trying to find the demand for house rental sizes, ie: 1 bedroom, 2 bedroom, 3 bedroom, etc and which is the least and most rentable. [link] [comments]  |
| Posted: 05 Oct 2018 05:39 PM PDT I just bought my first rental property and get it listed. Finally Today I got the first shown. The perspective tenant was telling me how difficult his current landlord is. One thing he mentioned is that if he requests a repair, he has to pay $70 visit fee. And some other things... I was surprised to hear that the tenant should pay for the visit fee for repair. Is this just one case? I want to make sure I understand the SOW of the landlord. Thank you for your inputs! [link] [comments]  |
| I inherited my home, but yet I didn't? I just want legal possession. Posted: 05 Oct 2018 11:06 AM PDT I was not sure if this would be more appropriate here, or on r/legaladvice. Very long, complicated story made as short as possible, is still not very short. I [28F] was adopted by my Dad's parents as a baby. My GF on that side had a comfortable retirement that he used to purchase 7 acres total of land. The intention being for it to be divided among his children upon his death, keeping in mind that I am one of these children, I am legally adopted. Each child was intended to receive a separate (but equal) portion of the land and whatever was on it. The land (if I am recalling the time correctly) was paid off when I was about 11, when both of my grandparents were still living. Currently the taxes are 100% up to date, I pay them every year. It was intended for me to receive my portion of the land (7 split 4 ways) as well as the home that I grew up in with my GPs when my GF passed. The home sets on what would be my share. In 2004-2005, my GF passed away. We find out at that point the mortgage company did not have it set up the way my GPs wanted, for it to be paid upon his death. My GM called, under the supervision of another more able minded relative, and insisted that they be sure to have it set up to be paid upon her own death. They always wanted it to be mine with no strings attached once they were gone. Eight years pass, GM living, the mortgage company changes hands, all while she pays a monthly mortgage still. GM passes away from natural causes, and I think Finally, I don't have to worry about this anymore, it will be paid off and we can probate everything. Because at this point I have graduated HS, am working and actively living in the home with SO and DS after living away for a while. I need the home to be paid off, as it should be. I am expected to pay the mortgage while we wait to hear back, I do. After waiting for a few months to hear back, finally we hear from the mortgage company. These assholes proceed to tell us that there won't be a pay off because she didn't die of an ACCIDENT, she died of an ANEURISM, natural causes. Uh.. yeah, she was 88 years old? In what universe would she have wanted only accidental coverage? They expect me to keep paying the mortgage to stay in the home, or they will repossess. I keep referring to it as a home, because it is a double-wide trailer. Okay, fine. I played their game for a long time, when I was perfectly aware I was getting screwed by these people. They would send me paperwork still addressed to my GF, still force me to give my GM's SSN to even speak about the account. They expected me to just pay them, even though my name isn't on anything. I have no legal obligation to pay them anything, but I WANT this place, period. Now we are getting close to current day. Last April, 2017, I was stressing how to come up with my mortgage that I shouldn't have to worry about, and in that moment, decided I was done playing this game and getting screwed by these people. I called them, and told them I wasn't paying anything, the land wasn't involved in any sort of collateral situation (I made him tell me that out of his own mouth) and I was done. Come get the trailer, I don't care. Nothing. They never sent a single person out here, at all. I still live in the same place, I still have utilities, school district know I live here, it's no secret I'm still here. The same people that threatened an eviction notice pinned to my door if I paid ONE DAY late have done nothing now, in over a year pushing two, and I haven't paid a dime. Six-eight months ago, they called and tried to persuade me to do a payout of 11,000. Uh, I don't have eleven thousand dollars...Also, screw you. Less than a month ago, they called my mom's job begging her to have me call them. Telling her that they could help me, so that tells me they are still desperate just to have me pay-out so they can close the account. The trailer I live in has been here more than twenty years, it cannot be moved. It would cost them money to deal with it. I just want legal possession of the home so that I can put money and time into fixing the things in it that need to be fixed. I am wary to do that until I am the legal owner. TL;DR: Mortgage company should have paid out upon two different deaths, didn't on technicality. Threatened me with eviction if I did not maintain the loan after GP's deaths, but I have not paid in almost two years with no penalty. Want possession of the home and GM's debt to finally be closed and all probated and finished out. [link] [comments]  |
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