Contractor wants to stay in my unoccupied condo while he works... Real Estate |
- Contractor wants to stay in my unoccupied condo while he works...
- Is this Chicago SFH fairly priced? (Logan Square / Palmer Square)
- Any Los Angeles Real Estate Agents here? Could use advice on a Probate Sale.
- We want to sell our house and either buy or build our own home. Are we being realistic with our plans/goals?
- [serious] What do people mostly (on average) look for when buying a house? ON, Canada
- Just Passed my Real estate exam, what now
- Is it possible to negotiate prices (with success) on a new build?
- 7 year ARM or 30 year fixed?
- Where can I find out more specifics on zoning/land use?
- Septic Easement Issue
- Where to find records of title issues?
- Looking for some interactive floor plan advice :)
- Can a non-profit foundation (5013c) that counsels people on foreclosures/shortsales buy their clients' notes from the bank legally? (Florida)
- [serious] What do people mostly (on average) look for when buying a house? ON, Canada
- How much do housing prices typically fall during a correction or recession?
- Need a new fridge but selling within a year
- Buying a condo without a realtor?
- New construction Build on retention pond that backs up to other houses or preserve lot
- Buying a Flipped Appartment
- Hey all, question about taxes with selling a foreign home (Canada) and bringing those funds back to US.
- New landlord NY
- International rental - yay or nay?
- First time lookers...get an agent or just check websites?
- Closing date keeps getting delayed; do I have any control over this?
| Contractor wants to stay in my unoccupied condo while he works... Posted: 07 Nov 2018 07:00 PM PST Hey r/RealEstate, I've been lurking for several months and have come across some great info and tips. Currently I'm in the process of selling my condo my family and I just moved out of. We are getting it ready to put up for sale on the market and have been hiring various contractors to take care of different fixes to get it ready. We are on the last thing we need to do at this point which is to get the whole place a fresh coat of paint. We were referred a painter by our agent who comes highly recommended according to her colleagues. We checked two other painters and he offered the best price for fresh paint and scraping some popcorn ceiling. So my wife talked to him to let him know that we're going to go with him and he asks if it would be okay for him and his crew to stay the night in our condo for the duration of the job (he says the job would take 3 days so they would need to stay 2 nights). What? I'm not a seasoned vet in hiring contractors but that seemed like a red flag to me. Now I don't want to hire the guy because: -He asked to stay in our condo AFTER we accepted his bid (failing to put it forth makes me feel like he knew a request like that could affect his chances). -I'm not sure how much liability we have but it doesn't seem like I would be covered if something/anything happened and someone on his crew or himself decided to take me to court over something. -We could easily get some more quotes from local painters who don't need to stay in our place to finish the job. I let me agent know my concerns and her response seems to be that she wants me to give this guy a chance to give more context. She said she's going to contact him and get back to me tonight with more info but I feel like there isn't much she can say that's going to make me feel better about it. On top of that can't I shake the feeling my agent is pushing this guy because she may get a kickback (I have a hard time trusting peoples' intent in real estate). So I'm curious if this is a thing any of you have come across or if you all might have some advice. Thanks for taking the time to read this, I appreciate any feedback. Take care all! (Also if this is the wrong subreddit for this question on apologize. Let me know where it needs be if so mods.) [link] [comments]  |
| Is this Chicago SFH fairly priced? (Logan Square / Palmer Square) Posted: 07 Nov 2018 05:58 PM PST Just curious of any homeowners/realtors in Chicago and your thoughts on this property: https://www.redfin.com/IL/Chicago/2706-W-Francis-Pl-60647/home/17557308 Is this a good price? Sold for 655k 2 years ago. neighborhood seems good and has gotten more popular over past few years. i know schools in the area aren't really that good. is it a fair price for what it is or is it overpriced? also, are property taxes going to continue to increase ridiculously for cook county or thats an unknown? it looks like taxes were only $8k for this property last year. how do i base that? im sure the asking price isnt the assessed value so how is the property tax actually figured. or is it arbitary by the assessors office? [link] [comments]  |
| Any Los Angeles Real Estate Agents here? Could use advice on a Probate Sale. Posted: 08 Nov 2018 12:09 AM PST Hi, I am a fairly new real estate agent. One of my clients want to purchase a probate property with no court confirmation required. I have only ever done standard sales. We're planning on coming in with a loan and 20% down. The house is dated but in fairly nice condition. I am reading the PPA agreement and it states below section 3E: "The Property is sold "AS IS," in its present condition as of the date of Acceptance, unless otherwise agreed in writing." The PPS stipulates that we can still have buyer's investigation contingency in place. What I want to know is whether I will have the ability to do a Request for Repairs if we unearth something during inspections that's going to be very costly. I appreciate any and all advice. I am looking to pay it forward when I've had more experience. [link] [comments]  |
| Posted: 07 Nov 2018 06:42 AM PST Ok my wife and I are both 25, we both work full time, and we co-own our house together. We've lived in our current house for 2 years now and we're starting to look to the future and the next step in our lives. Collectively we make $150k per year before taxes. Our debts are mortgage ($1700/mon), new car which we just bought ($450/mon) and student loans (in her name only, $8k left). We don't have any credit card debt, we have a healthy emergency fund which we never dip in to, we each contribute 10% into various retirement accounts, and overall I like to think we're doing ok. All that said, we need to begin to plan our next move: we'd like to be in a new house (our "forever home") in 3 years, which is when we plan to start a family. How do we get there? Ideally we want to buy a large piece of property and build our own home. Unfortunately this sounds difficult from what I can tell because we don't own any land outright and we are locked in to our current mortgage. It seams to me like our only option here would be a construction to permanent loan. Is this accurate? We'd like to buy 10-20acres to build on, and we will be building a house in the 2000sqft range. My quick research tells me that it would be $50-$100k for the land and then $300k for the building. We want to go this route because obviously who doesn't want their own custom home on their own perfect piece of property? Option two is to buy an existing house, similar specs as the custom one. Without a doubt this is the easier/less stressful and probably cheaper option, but we want to see what we can do. Our plan right now is to save $15k/year for the next three years. Keep paying down the debt, use our tax returns to knock down the student loan and car payment. Are we realistic here? We've only bought a house once, so we're not sure how exactly buying the second house would work in terms of down payments and loans. Do you just transfer the mortgage to the next house? Is it possible for us to buy and build our own house like this? Would love to hear from somebody who has done this before. Welcome any suggestions or criticisms. We are in New England for what it's worth and would be selling our current home. Cross posted from personalfinance to see what you all have to say! [link] [comments]  |
| [serious] What do people mostly (on average) look for when buying a house? ON, Canada Posted: 07 Nov 2018 02:21 PM PST Whenever I've spoken to people (friends, family, acquaintances) it seems like that they are looking for the following and I just wonder if this is true and if it is, why? - they'll want to go with the biggest sqft even when use of space is useless (i.e. a HUGE dining room when I know it's used like once a year maybe) - the most amount of rooms (even when they mostly will not be used, minus guest bedroom even) - a detached, this one doesn't make any sense esp in the city when the house are so close that this should not matter and could potentially in our market save you around 100k or more - we have friends who have houses where you can talk to to your neighbours and potentially shake hands through their decks but their house is a detached so why? - they will not care for backyard space esp if it means more sqft is being put in the house (useless sqft that is heated and cooled) - the lot size will be neglected by most people It seems like these are the things that make up people's house buying choices for the most part. [link] [comments]  |
| Just Passed my Real estate exam, what now Posted: 07 Nov 2018 09:46 PM PST Would love some suggestions, my current job is wrapping up in the next few months and I just passed my licensing exam, what should I expect, are there brokerages that offer hourly/salary pay, training? Most of all I need to learn the process. All suggestions welcome, thanks! [link] [comments]  |
| Is it possible to negotiate prices (with success) on a new build? Posted: 07 Nov 2018 08:33 PM PST We are looking to build a house in a community, but they have hefty prices on every tiny upgrade (things that I would consider standard, like railings (but they use half walls as standard)). And lot premiums? [link] [comments]  |
| Posted: 07 Nov 2018 06:21 PM PST First time homebuyer here. I'm purchasing a 900k property in the bay with 10% down, and have a choice between a 7 year ARM at 4.4-4.5% depending on my credit, or a 30 year fixed at 5.25%. I'm worried the ARM would be a scam, since rates are supposed to go up. They want me to lock in my rate soon. Any advice? [link] [comments]  |
| Where can I find out more specifics on zoning/land use? Posted: 07 Nov 2018 05:35 PM PST Currently a residential homeowner but want to purchase a small piece of land on the outskirts of town to convert into a "weekend getaway". Ideally just a vacant lot I'm able to park a camper on and just sleep in on weekends. The online listing for the land says both R1 zoning and "unbuildable", all the resources I've found online say "check with the city" but don't mention which departments or forms I need to request - seems like a pretty general answer but I'm having a hard time finding it. This is in San Diego County btw [link] [comments]  |
| Posted: 07 Nov 2018 11:10 AM PST We're looking at a home that was listed as 2 acres, that includes a septic easement. When the survey came back, we were informed that the actual acreage was 1.34, and that the owners of the house were not actually the owners of the easement. Are there any kind of legal issues we should be worried about in maintaining the easement? If there's a tree that needs to be removed and we do it, can the owners of the easement sue us for any reason? This seems like a gray area legally and we just want to make sure nothing's sprung on us down the line. [link] [comments]  |
| Where to find records of title issues? Posted: 07 Nov 2018 03:04 PM PST Trying to decide whether to buy buyers title insurance. Was hoping to be able to assess risk by perhaps looking up the number of claims made over last X years. Any suggestions on where to look? Monroe County, New York. Thanks! [link] [comments]  |
| Looking for some interactive floor plan advice :) Posted: 07 Nov 2018 02:27 PM PST Hey all, I'm a realtor and looking for a way to create my own interactive floor plans for my listings that I can post online and potential buyers can not only see the dimensions and layout, but virtually add 'their' furniture to the home. Do any of my fellow Realtor know of any programs or online products that can make this possible? BASICALLY something close to this link below: http://www.smartfloorplan.com/orders/bin/shell2.php?folder=il/v410407&idx=yes Any information is appreciated, I have been searching for days and coming up dry. Thanks! [link] [comments]  |
| Posted: 07 Nov 2018 06:09 AM PST An investment opportunity was presented to me but it seems sketchy. Some preliminary research did not yield any specific answers. The guy runs a non-profit counseling people who are being foreclosed upon. He has a whole spiel about that, I won't get into it. He also works with his clients' lenders/banks and tries to negotiate a good deal for the client and buys the notes from the lender so the client doesn't have a foreclosure on their record. He rents the properties to low income people after fixing them up (Section 8). The profits are good and he's looking to expand into more affordable housing units. EDIT: what he said is he would from an LLC for investors/lenders. We wouldn't be part of the non-profit for the very reasons stated in the comments. But it seems like a major conflict of interest to buy the notes of the people he is counseling. [link] [comments]  |
| [serious] What do people mostly (on average) look for when buying a house? ON, Canada Posted: 07 Nov 2018 01:39 PM PST Whenever I've spoken to people (friends, family, acquaintances) it seems like that they are looking for the following and I just wonder if this is true and if it is, why? - they'll want to go with the biggest sqft even when use of space is useless (i.e. a HUGE dining room when I know it's used like once a year maybe) - the most amount of rooms (even when they mostly will not be used, minus guest bedroom even) - a detached, this one doesn't make any sense esp in the city when the house are so close that this should not matter and could potentially in our market save you around 100k or more - we have friends who have houses where you can talk to to your neighbours and potentially shake hands through their decks but their house is a detached so why? - they will not care for backyard space esp if it means more sqft is being put in the house (useless sqft that is heated and cooled) - the lot size will be neglected by most people It seems like these are the things that make up people's house buying choices for the most part. [link] [comments]  |
| How much do housing prices typically fall during a correction or recession? Posted: 07 Nov 2018 01:28 PM PST I'm looking at buying a third location for short term rental, but I'm naturally looking out for the economy to correct sooner rather than later. How far do prices usually fall when this happens, and what are the factors that affect it in specific markets? I'd prefer to buy at a better point in the cycle, but if I can make more money renting in the mean time than I'll lose when prices take a hit, I'm thinking about just moving ahead with it. [link] [comments]  |
| Need a new fridge but selling within a year Posted: 07 Nov 2018 01:08 PM PST Just found out we need a new fridge. Sucks. Was gonna cheap out and get a low end one, but I'm worried that it will make my kitchen look cheap. We have other nice appliances and a granite countertop. Is this a legitimate reason to spend 100-150% more on a fridge than I could, or am I overthinking this? Thanks [link] [comments]  |
| Buying a condo without a realtor? Posted: 07 Nov 2018 12:27 PM PST I'm looking at a new construction condo priced at the mid 900ks. there is a realtor company in charge of selling all of them. I found them on the Internet, and they contacted their realtor. They said that I could either purchase myself or I could bring my realtor with me, and they have a set fee of $7,500 for my realtor. is there any benefit for me to be working with my realtor? Where does that money go if I don't bring in my realtor? Would I be able to get it as a rebate or anything, or is that not a possibility. I feel like I could bring in my realtor and just ask for a rebate from him since I found the building and I really don't need his help, but if I have any other options would love to hear it. [link] [comments]  |
| New construction Build on retention pond that backs up to other houses or preserve lot Posted: 07 Nov 2018 06:11 AM PST New construction Build on retention pond that backs up to other houses or preserve lot (Resale Value)? Caveat: The woods that backs up to the lot is FEMA Flood Zone AE, Past FloodZone AE is a Floodway of 8feet which is considered a 100 year flood. They say its basically a 26% change over the course of 30 year mortgage. [link] [comments]  |
| Posted: 07 Nov 2018 11:11 AM PST Hi I am considering buying an apartment in Union City, New Jersey with great views of NYC. It's just on the border of Hoboken. It is one of three apartments that have been freshly renovated. The developer bought the whole house for $630,000. They are selling the apartments for $700k, $650k and $400. I am interested in the $700k apartment. They have made major improvements in all areas of the property, including making a large 1,000 sq foot roof deck which the $700k apartment has full ownership of - it has killer NYC skyline views. The apartment is two bedrooms and 1,500 sq feet plus the roof deck. All three apartments have been listed for nearly 3 months. At a guess, they have spent $400k on the refurb. For the area, $700k for a two bed is high. The zillow estimate is $550, but i'm not sure if that takes into account the roof deck. I would say that the are is up and coming, but still has a lot of houses that are in poor shape. I guess my concern is that the asking price is too much considering that the developer is due to make around $700k on the project if all three apartments sell at asking price (which they wont). I have no experience in development so not sure if developers are looking to make a 40% margin on a project. To me, it seems a little high. What are your thoughts? I guess i am looking for advise on what a developer would normally be looking to make, so that i can make an offer that would be considered. I am also concerned that i may be buying just about the best apartment in an up and coming area. Investment wise, im not sure if it is better to buy in an area that is more established. It also seems to be turning into a buyers market, so if there is a crash, i feel the expensive place in the up and coming area may be hit hardest. Appreciate any advice. Thanks [link] [comments]  |
| Posted: 07 Nov 2018 10:43 AM PST Hi all, First time in this community. My parents are trying to retire but currently are not able to and their retail business is struggling. However, they used to be Canadian residents and have a small house in Canada. They get a small amount of rental income but the amount is paltry compared to selling it for current value and somehow bringing those funds back to the US. They are lost with the tax implications of selling a foreign home, and they have never reported this home before. Does anyone know where to start with me helping them? Any resources or specific advisors we should talk to? Thank you very much. [link] [comments]  |
| Posted: 07 Nov 2018 10:36 AM PST I'm closing on my first property Friday and it will be an owner occupied two family. I've done my research on tenant laws and I'm looking forward to this new chapter in my life. The upstairs unit is already rented out and I'm just wondering the right way to introduce myself to the tenants once I move in and if there's anything I should do or bring up (go into their apartment and take pictures to have when they move out at some point?, go over the best way to get in touch with me, preferred payment options)? Just new to this and would appreciate this subs advice. Thank you. [link] [comments]  |
| International rental - yay or nay? Posted: 07 Nov 2018 05:33 AM PST I just wanted to open a thread on international real estate and see what people think/share experiences. I am Irish, living in Dublin, I want to move to the states at some stage in the future and would love to get into real estate over there but I am not sure if it feasible while living in Ireland. What do people think? Is it possible? Or where would you suggest is a good place to focus, if at all, outside of Ireland? [link] [comments]  |
| First time lookers...get an agent or just check websites? Posted: 07 Nov 2018 05:02 AM PST We're looking to go the owner/occupant route in order to finally stop renting but keep our costs low. But it seems like every time I see something for sale online, it's either not what we want or it's already got a pending offer listed virtually the minute it goes up. Should we be visiting the office of a local real estate company to meet with someone, discuss what we're looking for, etc? Will that make a drastic difference in being able to find our ideal starter home? I know this probably seems like a stupid question, but we're both used to being pretty independent and doing things ourselves, so I don't really know much about going to an agent for anything. If we do go for an agent, what should we be looking for / expect from the experience? [link] [comments]  |
| Closing date keeps getting delayed; do I have any control over this? Posted: 07 Nov 2018 08:46 AM PST My parents are building a house and had originally received a closing date that was a month and a half before today. The closing date has been moved back multiple times since then due to what they say is construction delays. We were fine with the delays at first, but it has reached a point where we are faced with the possibility of paying additional rent for the apartment we are currently residing in. The process to move is obviously an exhausting one, and this particular situation has us frustrated. Is this a common situation that unfortunately happens or could it be company malpractice? Do I need to take legal action if the latter? Can I demand compensation for the 1 and a half months the home was delayed for? [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment