- Found my dream house, did walk-through with selling agent. I want to buy it, but want the protection of a buying agent. Unknowns and stuff. Given that no showings are necessary, is the buying agent still going to expect 3%?
- So I bought a house with four bedrooms..
- Is buying anything now a bad idea because we might go into a recession?
- Can you get a mortgage without a job?
- I am taking the state licensing test, but don’t have a broker or agency. How do I go about finding one that will represent a new agent?
- Cost of maintenance estimations?
- Cannot comp this house
- Buying office to convert to residential? (Scotland, UK)
- Selling house as market slows down
- First home inspection went.....
- 3 way ownership, paperwork and crappy agent question..
- New Property Management Awful, Can I Break Lease?
- Utilities Question - Commercial Property
- Buying a 55+ condo for a rental as a 20 year old?
- 1-Car Garage Addition Beneficial?
- Inherited Property Problems
- What does this strange "not legal" message mean in this house advertisement?
- Managing My Friend's Rental Property (Michigan)
- Am I being too needy
- Switching jobs before getting a mortgage?
- Paying taxes at closing
- Rental Property Management Company Questions
- Zillow zestimate's seem fake.
- How do you search online for homes in good school districts?
| Posted: 08 Nov 2018 03:37 PM PST but on one hand I realize a buying agent would help me a lot (keep me safe, etc), but on the other I'll be paying said individual around 24,000 when I've already decided on a home. Of course, this assumes that the property checks out after inspection and things turn out okay and I end up buying. I realize that in the grand scheme of things, if I am only Bonine for like 10 years, that 3% doesn't really matter but on the margins it would be nice to knock the price down a little bit. Is there any room to have a realtor accept less than 3% given that there is no lengthy process of showing various units over a multiday period? In any other industry I feel like it would be reasonable. I'd essentially be handing someone 20,000 to do very minimal work (compared to other clients). The home itself is older and in a nice area, with its own unique set of buying and selling rules. I want the advice and the oversight, but it would be great to "knock" 1-2% off the sale price. [link] [comments]  |
| So I bought a house with four bedrooms.. Posted: 08 Nov 2018 06:05 AM PST So I bought a house with four bedrooms, I rent out three of the rooms to friends while we take our degree. But one of my friends girlfriend basically live there to.. Rent free, and has for some time now. Should I charge rent or should I just let it slip? All though she doesn't technically have to pay for a room, she still contribute to wearing and tearing of the house, use electricity etc.. [link] [comments]  |
| Is buying anything now a bad idea because we might go into a recession? Posted: 09 Nov 2018 12:21 AM PST I know it's risky to buy stocks when in a year or so you might be able to buy for heavily discounted prices. Does the same apply for real estate? If I want to invest in some would now be a bad time or not really [link] [comments]  |
| Can you get a mortgage without a job? Posted: 08 Nov 2018 10:05 PM PST I've got money for a down payment but the mortgage payments would come from people I rent the house out to. Is it possible to get a loan like this or would no bank accept it. Also the reason I don't have income is I'm in college. I technically have a little which covers my expenses but no where near enough for a house [link] [comments]  |
| Posted: 08 Nov 2018 06:03 PM PST Am I cold calling every agency in my area until I find someone willing to train me? What is traditional upon finding a broker for someone with no experience and no training? [link] [comments]  |
| Cost of maintenance estimations? Posted: 08 Nov 2018 09:42 PM PST What does it typically cost to maintain a fountain with lights in a front yard? (Would be around 80-100 sqft)? What does it typically cost to maintain a pool? [link] [comments]  |
| Posted: 08 Nov 2018 09:15 PM PST I am having a really hard time comping this house I am selling, Wondering if anyone has any advice on what to do in this situation. I want to be diligent but not much to go off of [link] [comments]  |
| Buying office to convert to residential? (Scotland, UK) Posted: 08 Nov 2018 01:50 PM PST I just wanted to see if this was possible. An affordable office has come to sale in Scotland, and I was looking to purchase it and convert it into a flat. Is this possible? Has anyone done it before? [link] [comments]  |
| Selling house as market slows down Posted: 08 Nov 2018 07:44 PM PST The market in our area has been on fire in the area our current house is in all summer. We have been looking and finally found a bigger house in a less expensive/ less sought after area in early October that we're under contract for, and put ours on the market on the 19th. We've had only four showings in the past 20 or so days on the one we're selling, all people said it showed beautifully but nobody is pulling the trigger. They have various reasons that don't really tell us anything. We just cut the price 5% two days ago, we are planning an open house this Sunday but have had no showings scheduled in the mean time. The competition is not moving either, we have priced below them to capture buyers. Agents are saying the market is terrible right now. Same house would have likely sold the day we put it on, earlier in the summer. If it's truly the market and seasonal (hopefully not a correction coming) then when should I decide to pull it from the market, how long, and when to put it back? Im afraid we listed at the worst possible time, and now by the time the buying season comes back, we will have been on the market so long that buyers will question why we are 90-120 days on market when things are selling in 20 typically this past summer? To throw a wrench in the mix, I have a 12 month bridge loan on the property for sale, I think I'm supposed to leave it on market but not 100% sure. The interest expense doesn't budget me. Planning on getting clarification on necessity of not taking it off market, but any insight on what to do there would be appreciated. [link] [comments]  |
| First home inspection went..... Posted: 08 Nov 2018 06:55 PM PST Not so good. Nothing i'd consider major with the house itself but the sewer was/is the biggest concern. Not just a little rooty, but how the fuck did this thing not back up sooner rooty. For a good long distance too, not just a foot or two. My question- Does the buyer or seller get repair estimates? I'm thinking seller but my realtor is asking me if I could get one. I don't feel like this is my responsibility and the fact that I'm an hour away. PSA- Pay up and get a sewer inspection. [link] [comments]  |
| 3 way ownership, paperwork and crappy agent question.. Posted: 08 Nov 2018 06:38 PM PST In the middle of selling a house that is equally owned by 3 people w/names on title. Buyers agent sent our agent a notice of repairs to be made which were listed in the inspection. Our agent sent form to one of the owners (but not myself and other owner), who signed paperwork agreeing to make repairs without talking to other owners first. I'm hoping that all of the owners need to sign for repair agreement to be official? Can anyone confirm? And secondly, our agent is a complete disaster. Not returning calls, complete lack of any communication, saying one thing and doing another etc. Our listing agreement gives broker (help-u-sell) the sole right to sell, so does this mean it is within our contract to change agents so long as its an agent working with help-u-sell? [link] [comments]  |
| New Property Management Awful, Can I Break Lease? Posted: 08 Nov 2018 06:35 PM PST My apartment complex was previously owned by Avalon, who I had had good experiences with and even referred several friends into their communities. My building was recently purchased by a new company and is no longer part of the Avalon brand. In short, everything has become stunningly worse since they've taken over (maintenance, trash collection, new tenants, payment, safety, etc) I'm assuming this company, in purchasing the building, purchased all existing leases as they are. On paper my lease ends in June, but I'm pretty sure I'll go crazy before then. Is there an out I have available or am I stuck with the lease I originally signed while it was under the management of Avalon? Much obliged for any help. [link] [comments]  |
| Utilities Question - Commercial Property Posted: 08 Nov 2018 05:35 PM PST Looking for some guidance here. I'm pretty sure the answer is in the lease language, but while I'm waiting to get a copy of the lease, I will post here: I'm in a 6 unit commercial building. The building was recently sold to an out-of-state investor. Two of the current tenants (formerly the owners of the building) are prepping for retirement. The new landlords approached my company and informed us that, once they leave, we'll be taking on a larger portion of the overhead (trash collection, parking lot shoveling, landscaping, etc). When my manager informed me of this, I thought it was outrageous. I never saw an original copy of the lease, but I would assume in most standard arrangements, the overhead is blended in with the monthly rents and any differences are covered out-of-pocket by the owner. My manager is asking for a copy of the lease, but is there anything I should be on the lookout for when I get a chance to comb through it? [link] [comments]  |
| Buying a 55+ condo for a rental as a 20 year old? Posted: 08 Nov 2018 05:10 PM PST I want to get into Real Estate. I make $7x,xxx/year and have a credit score of 726 to give some background. Getting into this feels like a big scary jump for me, but I think it'd be worth it to start young. I live in Florida and there's a high retirement community here. Would this be a profitable path to pursue as a first time purchase? Or should I just wait for the right time and get into a regular condo purchase or something good that comes up. There's a lot of lower end ones from $25-50k, but they need a bit of work. I think I'd rather get something decent for $70-80k and rent it out. Fix it up a bit as the years go and it gets outdated. I don't think these things CAN go up in price, so I'm assuming the profit would be mostly just from the rent? I'd put whatever down and then pay the mortgage + interest and I would hope to pay it off a lot sooner like 5-7 years that way I don't have to pay the full interest for the full 20 or 30 years. Then rent it out and pay the HOA, keep the profit, and manage it and what not. Obviously this is simplified. Would this be a good strategy and worth it? Thanks for the advice. I'm still trying to learn more about everything. [link] [comments]  |
| 1-Car Garage Addition Beneficial? Posted: 08 Nov 2018 04:52 PM PST Background - in the military, and bought a 3 bed/3 bath house at my current location in Dec of 2017, and there's a likely chance I will be here for the next 4 years (until Fall of 2022). The kicker? No garage I thought my wife and I wouldn't have minded not having a garage, so we sacrificed the garage to live in a neighborhood near the trendier parts of town. The houses are old, but they have some charm to them which gives the area somewhat of a desirable reputation. It's close to shopping/grocery/schools etc, but nearly all of the houses here do not have garages. I think we lucked out, as we have one of the more modern homes as opposed to the old fixer upper/charm type homes. However, we miss the shit out of having a garage. We looked into building a garage, but it would take up roughly 2/3 of our already small-ish yard. Our realtor said in terms of resale, most people would rather have a yard than a garage. I, and some of my peers who don't work in real estate at all, said we'd all rather have a garage, even if it was a 1 car garage. The cost would be between 10-15k to build. Does anyone have any insight on whether or not a garage would be a worthy addition? Sometimes, i wonder if it'd be better to just bite those costs with realtor fees and sell the house, and buy a cheaper house with a garage in a more affordable suburb type home. Any help is greatly appreciated! [link] [comments]  |
| Posted: 08 Nov 2018 04:24 PM PST I've inherited a beautiful property with wonderful location, but my loved one that passed was quite a hoarder and did not clean the place at all. There are tons of piles of nick nacks and quite a bit of the stuff in the basement will just need to be discarded. We have so much stuff it's ridiculous , and it would be nice to get some of the money to pay the estate off. I also fear because the amount of stuff, we are getting very low bids. As a result the bids on investment companies have been ridiculously low and my family fears for the cost to hire people to pay out of our own pockets. Would anyone know if it would be more profitable to hire a company to clean it or just sell it to an investor? Would anyone have advice in this scenario to ensure we get some profit as an outcome? Just to be clear, I'm trying to get rid of the property and the shit in the property. [link] [comments]  |
| What does this strange "not legal" message mean in this house advertisement? Posted: 08 Nov 2018 12:32 PM PST Hi, I'm looking at this house that was posted 14 days ago for $300k, then had its price slashed to $200k really fast, it has a very strange message for the description saying: What exactly would that mean? I look at the pictures of the house and it looks fine on the inside. I don't see how 2 families living in the house before would be illegal for a buyer or affect me if I bought it? Other houses in the area of similar size sell for $400k+, so I don't understand the quick steep price drop and this message about "not legal"? Here's a link: [link] [comments]  |
| Managing My Friend's Rental Property (Michigan) Posted: 08 Nov 2018 03:55 PM PST I currently have 2 rental properties of my own that I rent, manage, clean, fix up, etc. all on my own. 1 Single Family Home and 1 Duplex (I live in half). I have a friend who just took a job out of state and is getting ready to move. He owns his house and he wants to keep it as a rental. He knows my experience with my own rental properties, and he offered me the job of taking over and managing it for him when he moves. I will list the house for rent online, show it to potential tenants, write/sign the lease, collect and manage rent etc. every month. I told him I would charge him 10% of the monthly rent. If I need to do additional work, such as cleaning or painting, I will charge an hourly rate back to him. If I create an LLC, to use as my new "Property Management Company", and have the tenants pay this LLC every month, I would keep my fees and pass the rest on to my Friend's LLC (Which he will create, and Quit Claim Deed to house into this LLC's name). Does this all work from a legal perspective? And a tax perspective? I am not a licensed realtor, which is my concern. Is there a proper way to set all of this up without being licensed? [link] [comments]  |
| Posted: 08 Nov 2018 03:49 PM PST I'm a first time buyer looking in a neutral market. I just got my certificate of eligibility for a USDA direct loan yesterday. I have an agent that I have talked to who said the next step is for her to find me houses... then nothing. I've messaged her twice today trying to find out if she has anything and she hasn't responded. I've never done this before so i'm very excited and anxious. I don't want to be a pain in the ass and my budget is modest so I understand that she's not going to make a ton of money off this. Is it normal to have lulls in communication? I'm I being neurotic? [link] [comments]  |
| Switching jobs before getting a mortgage? Posted: 08 Nov 2018 11:18 AM PST So my wife and I own our current home and have been there about 10 years. We are looking to sell our house and get a larger home as we've since outgrown our current house with our three daughters getting older and such. We are planning on listing hopefully selling and getting a new home spring of 2019. My current job pays ok but there's no room to move up and pretty much no pay increase coming. I've been putting off looking for a new job cause I thought it would keep my income from being considered with our mortgage app. But lately my work environment has gotten worse and I'm not sure I can stick it out till we get the new place. Will getting a new job and/or only have being at one for a few months be an issue? I'll only be looking for full-time permanent positions and will most likely be getting a lay increase. [link] [comments]  |
| Posted: 08 Nov 2018 08:35 AM PST I'm closing on a house next week. The taxes for the city are due in July (for summer going forward) and feb (winter going forward). The owner of the house has not paid summer taxes (public records). My loan officer assured me that I would not be responsible for all the summer taxes and that it would be figured out at closing. I then asked why do I have to pay the summer taxes if summer is over and I didn't own the house? He basically said it's prorated for the whole year. And i really shouldn't think of it as "summer taxes". Does this sound right? Thank you!!! [link] [comments]  |
| Rental Property Management Company Questions Posted: 08 Nov 2018 01:52 PM PST I need help calculating how much rent I need to charge to not be negative. Info about my house:
I'm currently working with a Property Management Company to rent out the house. Their fee structure is:
I'm not 100% sure but I calculated for a 12 month lease, I would need to charge about $2k/month. Is that about my break even point? My PMC mentioned a few people have already applied but they aren't looking for a 1 year lease. The offers are:
Does anyone have any advice? [link] [comments]  |
| Posted: 08 Nov 2018 12:02 PM PST Every year I see high appreciation rates on houses in metro areas. Fine, but market conditions have changed and housing prices dropped recently due to rate hikes. One year ago, a 8.2 Mil townhouse in the city would say " expected to rise 8.2%", but went down to 6.2 Mil. Why doesn't zillow provide us with real numbers? The grass is not always green. [link] [comments]  |
| How do you search online for homes in good school districts? Posted: 08 Nov 2018 11:45 AM PST It looks like both Trulia and Zillow allow you to see school district data (pulled in from GreatSchools) once you click on a property. But how do search only for homes in school districts that are - for example - rated 7/10 or better for elementary, middle, and high school? Anyone got a site that you use, or search tips for main sites like Realtor/Trulia/Zillow/Redfin/etc? [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