House next to mine is for sale. Lady who lives across the street is scaring away buyers. Anything I can do? Real Estate |
- House next to mine is for sale. Lady who lives across the street is scaring away buyers. Anything I can do?
- I have a great tenant. I want to raise rent. Am I being greedy?
- Is This Common and Acceptable Behavior from a Realtor??
- How can I find the owner of a plot I am interested in purchasing to build a home?
- Advice on becoming a Real Estate Agent (California)
- Finding building for sale (NYC)
- Sellers still haven't removed property excluded in the sale...6 months later.
- Best way to handle unique situation with another agent?
- Am I a first time home buyer?
- Stucco Inspection
- Has anyone been to those scammy real estate seminars? What to they "teach"?
- 130 year old home
- [Albany, NY] Rehab loan has been impossible to find any GC in my area willing to work on a bank draw
- What do I need to know (if anything) about submitting an offer for a home managed by a trust?
- Any reliable method in finding the age of property online? Whether it be for purchase or rental.
- Agent Ethics
- HCOL City - Purchase a Studio or One Bedroom? Factors to consider?
- If I move a house, what building codes apply?
- Should a house or apartment cost more if it's within range of a pokestop and or pokemon gym?
- Realtor suggested we pre-sign but I had doubts
- Foreclosed properties - are they worth it for a normal buyer to pursue?
- Depreciation Implications
- Closing house after 4 months.
- Large Judgment Title Issue
| Posted: 28 Nov 2018 10:50 AM PST The house went up on MLS etc about two days ago. It's up for $70k on a street where homes sell for $200k lately. It needs a lot of work but seems like someone could do a good flip or at worst do some repairs and rent for good money. For the last two days we've had people coming by about one or two an hour to give the place a look over. She's telling them it's been abandoned for years, all the wood is rotten etc etc etc. Anything to scare them away. Reason being that she wants to buy it, put in a bunch of bunk beds and rent them for $150 each a week which is what she's done with a ton of other properties all over the city, including one on our street that gets cops coming by every few days. I don't want to live next to that. Is there anything I can do here? I don't know that warning the realtors will make any difference. [link] [comments]  |
| I have a great tenant. I want to raise rent. Am I being greedy? Posted: 28 Nov 2018 10:18 PM PST Like really stellar. Fixes their own stuff, pays at least 3 days in advance, never hear from them. They're paying about 5% under market and I'm afraid if I raise rent I'll scare them away. Is a great tenant worth more than a few extra bucks a month? [link] [comments]  |
| Is This Common and Acceptable Behavior from a Realtor?? Posted: 28 Nov 2018 08:49 PM PST |
| How can I find the owner of a plot I am interested in purchasing to build a home? Posted: 28 Nov 2018 05:41 PM PST More details: there are no signs or information on the plot of land. There are houses on both sides and across the plot of land so it is definitely zoned for residential use. [link] [comments]  |
| Advice on becoming a Real Estate Agent (California) Posted: 29 Nov 2018 04:51 AM PST I am 21 years old living in Los Angeles and currently work at a gym as a personal trainer. I'm interested in becoming a Real Estate Agent and possibly going full-time with it in the long run if it works out. From what I read I know you MUST enjoy working with people and be ready to spend a ton of time gathering clients etc- and I can see myself enjoy doing this. What are sites that you recommend is the best way to get certified as a RE agent? What are some things I should be prepared for as I'm doing my studying part? Once i'm certified, are there specific brokerages that i should look into? Don't have to answer all these I'd just like to here any advice on becoming an agent. thanks [link] [comments]  |
| Finding building for sale (NYC) Posted: 29 Nov 2018 04:49 AM PST I am looking to purchase in upper Manhattan. Where can I find information on buildings and homes (no coops) for sale? I'm open to foreclosure as well. I'm also interested in learning about price trends for this area. I grew up in this neighborhood, so I want to see if my family and I can get into real estate here before we're priced out. [link] [comments]  |
| Sellers still haven't removed property excluded in the sale...6 months later. Posted: 28 Nov 2018 05:48 AM PST We purchased our home on May 1 this year. In the contract it stated the sellers would like to take 2 small (< 20 ft) trees with them. The trees hold sentimental value to them. When we had agreed to this our assumption was that the trees would have been gone before or shortly after the sale. We did not have a time frame on when the excluded property would be removed, but 6 months later seems unreasonable. It gets even more unreasonable...we were notified the other day that they can't move the trees this fall. They will get to it in the spring. I told them to guarantee the trees will be gone by May 1, which they said they can do. Apparently their main excuse to not having removed their trees yet is due to not having a water source on the property where they are building a new home. My issue is that I was planning on not having the trees at all. Going into winter I was planning on having a hockey rink where one tree is. Due to the size of the cleared area of the property there really isn't anywhere else to go for a rink. Is there anything I can do as I have been unable to fully enjoy my property that we bought 6 months ago? Also, what is a reasonable time frame to have fixed property removed post sale? What if they don't have the trees gone within 1 year from sale? I really want to just cut the trees down and be done because this is not only a burden on us but also on our realtors who have been helping with the communication. Location: Wisconsin [link] [comments]  |
| Best way to handle unique situation with another agent? Posted: 28 Nov 2018 03:03 PM PST Got kinda a unique situation going on. We flip houses and got one going on that is in mid-rehab that I've already listed. Someone came by to look at it with an agent, but never informed me (despite the request to let me know before viewing property, of course) and the buyer ended up loving the house. She apparently had just used the Zillow contact an agent function and got a hold of an agent to show her (instead of just contacting me as the listing agent...blah). No paperwork signed, and this was the first and only listing she showed them. She also happens to be from my same brokerage. Now, independent of this and the following day, I get a call from a seller who wants to sell her house quickly because she has found the perfect house to move to. She got my number from one of my direct mail pieces from earlier this year for our acquisitions side of things. Turns out, it was the same buyer who viewed my other property (I only knew someone viewed it because one of my contractors told me some people came by and really liked the place...and she gave the contractor her name). Good position for me. What we are planning on doing is a bit of a house swap. We sell her our house at a good price, and they sell us their house at a good price. Win-win. My question is, what should I do about the other agent? The buyer came to me technically as a seller, and she wants to buy my other house. She only had one meeting with the agent and no brokerage agreement was ever signed. What would be the ethical thing to do in this situation? I mean, she doesn't need to be a part of this transaction (the buyer/seller actually wants to work directly with me) nor has she really added anything to this transaction...but I also don't know what is fair in this situation? Do I call her and just let her know what's going on and the buyers want to work directly with me? Do I throw her a "finder's fee" even though the buyer/seller found me? Think she would she still expect to be part of the transaction and get her 3%? Would you, if you are an agent? I plan on calling her, but I just wanted to crowd source this and get some feedback. [link] [comments]  |
| Posted: 28 Nov 2018 08:10 PM PST Hello guys, I am about to start the financing process of buying my second home, but first residence. I bought my first home in October 2017, 20% down conventional mortgage that I began renting out in October of 2017 (it already had tenants). I have never lived in the home. I am now looking for a home for me to live in and rent out spare bedroom. I only have enough capital to put 5% down and still be comfortable with my safety net. This will also be a conventional loan, although I will carry mortgage insurance. I was thinking about using funds from my Traditional IRA to help put some more towards the down payment. I understand that you can withdrawal up to $10,000 for first time home buyers. I also understand that I will owe income tax on the amount removed from the IRA. Since I'm in the 22% tax bracket, I would need to prepare for an extra $2,200 due to federal taxes. My plan was to use the full $10,000 from the IRA, and not use my savings account to fund the down payment. That would allow my safety net to stay larger. Any thoughts on this? Extra info: House is $251,900, 5% down is $12,595. For those curious, my rate is 5.35% with a 790 credit score. Mortgage insurance is either $3000 upfront or $75/mo until I'm 80% LTV or February 2029 [link] [comments]  |
| Posted: 28 Nov 2018 05:20 PM PST Under contract to buy a house. Had a separate stucco inspection. Cited multiple failures / high moisture level in several areas. Stucco inspector wrote up a scope of work to give to some contractors. First 2 bids are in, and they are in the $30,000-40,000 range. They both say total replace. The stucco inspector says start where the problems are, and work out to where substrate is intact (could possibly be the whole wall, but not necessarily). Passed the scope of work on to the sellers as what we want done. My worry is that they're going to find someone to half-ass it for like $5000, and say they followed the scope. Is it acceptable for us also to insist we approve the contractor / bid that they choose? Given the size of the repair? [link] [comments]  |
| Has anyone been to those scammy real estate seminars? What to they "teach"? Posted: 28 Nov 2018 08:04 AM PST Im just curious, I see them advertised once in a while. They take over a major convention center and are free to attend. There's always something like - you dont use your own money etc. Im curious what their angle is but not nearly enough to spend a saturday afternoon. [link] [comments]  |
| Posted: 28 Nov 2018 05:58 AM PST My family left me an old home, in a tiny town, that's actually considered a village because of the small population. It's 3 bedrooms with one bath. A cypress barn. 2.08 acres. It needs to be insulated, re leveled, most of the windows need to be fixed, the bathroom is rotting and the cabinets need to replaced. It needs about 40 thousand dollars in repairs to sell for 115,000. The cash guy offered 35,000... my husband wants to wait to see if someone wants to buy it for 75,000. I just want us to cut our losses (we have been fixing it up and it's eating our cash) and move. The economy in our small town is shit. He wants to sit on it. I'm ready to let off of my childhood home. [link] [comments]  |
| [Albany, NY] Rehab loan has been impossible to find any GC in my area willing to work on a bank draw Posted: 28 Nov 2018 02:26 PM PST I am under contract with a rehab loan on a property. It's similar to a 203k, but way less restrictive. Either way, I cannot find anyone willing to come out and do a (paid) estimate. I can't even count on getting competing bids. I'm 2 weeks from closing (lol, yeah ok) and have been calling daily, every lunch break since first week of October, to every GC I can find online. Today I reached my lowest point: I called every 1 star rating on google. I feel a lot of anger towards my local bank on this. They told me they've done plenty of these, and today the bank says they don't even have a list of contractors through the program already because i'm one of the first. I'm in deep (relative to my liquid assets, without touching my emergency fund) on the property:
Not to mention, I'm at a new job and have chewed through my PTO and sick leave already. My poor realtor... I hope she hasn't calculated her hourly rate so far having to be present at the house, etc. I am frustrated, I'm tired, and I feel that every day I threw $3000 away on getting this together. [link] [comments]  |
| What do I need to know (if anything) about submitting an offer for a home managed by a trust? Posted: 28 Nov 2018 09:37 PM PST For the past few months I've had my eye on a town home in a neighborhood I love. It has dropped $20k in price (from $325 to current 305) and has been on the market for about 70 days. I did a little research tonight and found out that it was one of several properties in the neighborhood (including the house next door) owned by an elderly gentleman who died earlier this year. The property records for the house next door, which sold in April (a couple months after he died), showed that it was sold by his estate attorney. I would like to submit an offer on this home, which is vacant. Is there anything different about making an offer to an estate attorney versus an owner? Are they more or less likely to negotiate the price (which is high based on comps anyway, according to my realtor)? Does it take longer to get a response? I'm going to ask my realtor tomorrow, but appreciate any insight in the meantime. Thanks! [link] [comments]  |
| Any reliable method in finding the age of property online? Whether it be for purchase or rental. Posted: 28 Nov 2018 08:13 PM PST I'm searching for a home. Still considering whether to purchase it or rent it. One issue I've found is the lack of information regarding the house/apartment's age. No matter which site I use, this information is often excluded. Why is that? Is there any way to find the age of a property online? If not, how can one assess whether a property is older than, say, 10 years? Would a realtor know if I choose to utilize one's service? Thanks for any advice! [link] [comments]  |
| Posted: 28 Nov 2018 07:54 PM PST Sunday I went to an open house which I thought would be a waste of time. Turned out to be 'the one'. Spoke with the listing agent there, who seemed to give me more details than I thought were normal.. That night I worked with my realtor to make up a contract. I put in for asking price. The sellers still needed to find a home (they got backed out on) so I put it in to give them an extra 30 days to find an home. Looking over the contract to sign it to be sent, i realized that she included the hot tub(even tho i told the realtor not to..) I electrically signed it and sent it. It came back the next morning & was informed they werent giving up the hot tube. Expected that. Also the listing agent(LA) said we should add that I can back out if i find another home. I didnt want to but we added it anyway. Then before i could even send it, the the listing agent wanted me to get pre approved for $175k, even tho i was already approved for $165k. I said sure, after its official. And made my realtor add that they have to cover my inspection fees if they decide to back out. Sent it. Then i comes back that the LA wants the loan amount changed to 90%, then for the interest limit to be 5.5%. It works for me. Finally we send it in. Then on Tuesday, she asks to extend it another 24 hours so the sellers can look at it that evening. I gave in and said ok. But also asked why there was all of the sudden an open house on Saturday. She told us it wasnt happening and that there was a 99% chance that the owners would take it my offer.. And that she met me and i seemed like a great 'kid' and hoped i get it. Heard nothing all day Wednesday. Come to find out that there supposedly was someone who looked at it this morning & put in an offer for way more than asking and they were taking that. This is the majority of what happened and I find most of it to all be a lie. She said multiple times that there was other offers but didnt seem like there was. (I do get why they do that). But I truthfully dont think she even showed the owners my offer. I am younger and she sure showed signs that she didnt think I had the money(pre-approval, interest rate). Is this typical? Is this unethical? Im walking away from it but first I going to stop in at the open house. I have never been so frustrated. TL;DR: Listing agent is manipulating. My agent just listens. Even though I put offer in asking offer. Agent took complete advantage of us. Most likely never showed my offer to sellers. Is there anything I can do [link] [comments]  |
| HCOL City - Purchase a Studio or One Bedroom? Factors to consider? Posted: 28 Nov 2018 01:35 PM PST Hi All,
I am looking to purchase a place for myself but have trouble debating between a studio or a one bedroom. In the neighborhoods I'm looking at, studios go for 150-220k while one bedrooms are priced at 230-400k. Based on the mortgage and other housing costs (HOA, insurance, closing costs), I'm comfortable with paying up to 250,000 that still gives me breathing room for other savings (401k, IRA). This leaves me in the middle where I can definitely afford a studio, but a one bedroom is also possible. Besides the difference in sq ft between a studio and a one bedroom, what other factors should I consider when making the purchase? See factors below.
[link] [comments]  |
| If I move a house, what building codes apply? Posted: 28 Nov 2018 01:10 PM PST There is a lot for sale near to me that is the same zoning etc. I am curious if anyone could point me to any regulations or guidance around what regulations apply if moving a house? In particular the safety of the home is all good, but side yards, garage, etc etc codes may not be viable if we'd have to adhere to them which would then greatly escalate all costs. More context: We are looking to demo our house (one of 3 buildings) and renovate based on the attached two the other structures. The particular house I have is one of those that is from 1903, continuously renovated till the 50s and then not maintained since the 70s. It was a short sale, we brought it up to electrical, plumbing and Hvac code when we moved in (I happen to value my family's safety). I became curious when a lot came up for sale just a few doors down. instead of me demoing it, somewhat interested in moving it but I cant seem to find the answer and getting a bit of a run around from general contractors. What aspects of an existing home are grandfathered in if we move the house if any? Things like this would then help me weigh if the lot is a decent investment or even new place to live when the new house goes up. Appreciated! [link] [comments]  |
| Should a house or apartment cost more if it's within range of a pokestop and or pokemon gym? Posted: 28 Nov 2018 09:13 PM PST |
| Realtor suggested we pre-sign but I had doubts Posted: 28 Nov 2018 05:03 PM PST Is this a typical thing? We are cash buyers and live overseas. I was going to buy a condo but haven't made my bid yet. All cash. Realtor said I should pre-sign the documents and make a verbal offer. This seemed sketchy to me. Anyone do this? [link] [comments]  |
| Foreclosed properties - are they worth it for a normal buyer to pursue? Posted: 28 Nov 2018 12:55 PM PST I've heard/read there is no real template and that every situation is different, but have you done it? I realize it can take more time and again, there are many variables including the bank and maybe family in the case of a death, but just for you, was it worth it? There are so many on the market....seems silly not to consider them. And what about the ones that go to auction? Can normal buyers attend and bid? What is involved? [link] [comments]  |
| Posted: 28 Nov 2018 04:39 PM PST What happens when a piece of real estate has been fully depreciated (whether residential or commercial) by Seller? Can Buyer start the depreciating all over again or is depreciation a "one shot" occurrence? [link] [comments]  |
| Posted: 28 Nov 2018 12:48 PM PST My and my wife have been looking for a house for almost a year and have finally found the one we like. The problem is that my 4 yr and 8 year old are in school. I think moving midyear will be a pain for them. If we can close the house in April I can pay for both the houses for 3 months and hopefully sell the old house in the same time. Do you think closing after 4 months is an acceptable request. I have not started any discussions with the seller yet. [link] [comments]  |
| Posted: 28 Nov 2018 03:39 PM PST I am buying a home in Dallas, TX. I was alerted by the Title company the owner had a judgment in the amount of 400k for a case of fraud that her ex-husband and kid were involved in. They basically convinced a third party to invest in a business that they did not own, and used the money for personal expenses. The title company has a document that the judgment has been paid, but the interest/fees have not been paid. The seller claims they will pay the remaining judgment. Which is ALL fine. However, when I stated I was going to hire a third party attorney to advise us on the transaction and we expect the seller to cover the cost of the attorney due to the extremely abnormal conditions created by the seller's fraud. Our and the seller's real estate agent tried to push back saying this is the title companies job to solve this. BUT I just do NOT feel comfortable having a non-attorney title company handle this and believe a Texas real estate attorney should directly handle this situation. Am I overthinking this by requesting an attorney to advise us? Am I out of line to ask the seller to cover the cost. Normally I would not, but you're found guilty a large financial fraud I no longer trust you. [link] [comments]  |
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