Why do realtors focus on presenting THEIR image in ads instead of the property they're selling Real Estate |
- Why do realtors focus on presenting THEIR image in ads instead of the property they're selling
- First time home buyers- Feeling Discouraged
- A few details I learnt from home inspection: is it nitpicking?
- Saving to buy land, what's the best investment vehicle for saving money for a real estate purchase?
- Buying while selling.
- Closing Gift for agent?
- How much emphasis to place on an environmental report of the neighborhood?
- Can I get $8,000 an acre in Robertsdale, AL?
- Loan assumption on a house we've already lived in
- Home inspector and licensed roofer have vastly different opinions - what to do?
- Underwriting Question Regarding Cryptocurrency
- How to go about partnering on a deal where the other party will put up the majority of the capital?
- Anyone here bought a Parcel of empty wooded land?
- Starting my real estate classes soon. Does anyone have advise/study material foe the class and following exam?
- seller concession or reduce price if concerned about appraisal
- Wrong mailing address on Deed.
- Rent or Sell?
- What would you do with $30k?
- Condo Insurance and other costs if I become the Landlord
- Which skip trace databases are the best?
- Earnest money
- Renting Retail Space -- Can I rent less than the full sqft offered?
| Why do realtors focus on presenting THEIR image in ads instead of the property they're selling Posted: 23 Nov 2018 07:56 PM PST I'm so old I remember when newspaper property ads didn't even mention the name of the realtor, usually just the agency and a phone number. Then it was the realtor's name showing up on the lawn signs. Then the print ads started to change and the realtor's pic started to become a significant part of the ad. Now we have ads like this where the realtor is definitely prominently placed and the property is that fuzzy thing in the background. I mean, no one minds seeing an attractive person but damn, can she SELL a house is what I need to know? Because if I saw this ad outside of a real estate magazine I'm not sure I'd know what the product is in this case. I just think it's a very odd trend that's taken the focus off properties and onto personal 'branding' of an image. [link] [comments]  |
| First time home buyers- Feeling Discouraged Posted: 23 Nov 2018 12:31 PM PST First of all I'm not sure if this is the right place to post this but I wanted some advice/encouragement. My wife and I have been looking for a house for the past 4 months and it seems every house we put an offer on instantly gets exceeded or puts down a higher down payment.. we are looking at sub 240,000.00 sub 2000sqft homes is it normal for us to lose out on every house time after time? We have a real estate agent and she knows the area and she's great to work with and is always looking but even houses that hit the market the first day we see and our offer is matched immediately even if she sends the offer over the same day. Is this normal? tldr; First time home buyers, can't seem to get a house for asking or appraised value, feeling discouraged. [link] [comments]  |
| A few details I learnt from home inspection: is it nitpicking? Posted: 23 Nov 2018 04:20 PM PST Hello! I'm closing on a house, the building inspector noticed a few small things :
Of course none of this makes me hesitate to buy the house, but I'd like that checked out soon rather than later, and the occupation date is 6 months from now. These are fairly inexpensive and quick repairs that could potentially lead to a bad scenario further down the road. However my broker advised against requesting the repairs to be made, as it would be considered insulting to the sellers to nitpick about such small details. He recommends that we lift the home inspection clause from our offer, and then simply advise the sellers to take a look at these details. What do you recommend please? [link] [comments]  |
| Saving to buy land, what's the best investment vehicle for saving money for a real estate purchase? Posted: 23 Nov 2018 08:53 PM PST Hi all, I'm looking to purchase 50-100 acres of woodland/fields ten years from now. In the area I'm looking I've seen acreage going for 60-100K for lots that size. I currently own my own home and owe ~$136k on the mortgage and can feasibly save $800 a month for the purchase after 10% of salary in my 401k retirement account. Not sure if I should be investing in Vanguard mutual funds, Roth IRA to withdraw principle from later on, or paying off the mortgage on the house to use of collateral for a land loan, but also not totally sure about the dynamics of all these. What would the best investment vehicle be for long-term savings such as this? The help is much appreciated, thank you. [link] [comments]  |
| Posted: 24 Nov 2018 03:17 AM PST I am currently selling a home that I received from a trust. The home had good value but profit is to be split amongst myself and 3 more beneficiaries. Based on projected outcome Im looking at 120k to 175k in my pocket that I hope to use some of for downpayment. I have a home that I am currently in the process of being pre-approved for. Really my question is, do I try and get my realtor to propose a contingent purchase (the thirst for the house I am after is all too real) or do I wait this out and potentially lose the home I'm after. Go easy on me, my parents are gone so I have no one to seek advice from (they managed and invested in properties in their time) and do Im doing this for the 1st time (and alone to boot) Annual income is 120k combined with spouse for reference. Edited: a word because mobile [link] [comments]  |
| Posted: 23 Nov 2018 07:30 PM PST Believe it or not I'm having a hard time pinning down if closing gifts to agents is a thing. The typical places of google and Pinterest have a lot of gifts from agents to buyers but not the other way around. Basically, our really good friend got his license at the beginning of October and immediately took us on as clients. We are his first clients ever and he has gone above and beyond with helping purchasing our second home. We are closing on Monday and I really want to give him a gift at closing to show our appreciation and mark the special occasion of getting his first clients to closing. As stated above, I can't even tell if this is a thing or not. And most of my searches have yielded gift ideas that are most suited for females and not male realtors. My question to you realtors out there are as follows:
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| How much emphasis to place on an environmental report of the neighborhood? Posted: 23 Nov 2018 07:26 AM PST My husband and I put an offer in on a house in a great neighborhood (NJ). In attorney review, the seller's attorney put a clause that the buyers have no right to conduct invasive testing, including but not limited to soil tests or boring tests. The house does not have an oil tank, but the presence of this clause makes us a little nervous. We had an environmental scan of the neighborhood done, which indicated that the neighbor across the street had an underground tank that seems to be removed. There are a few other neighbors (not in the immediate vicinity) that also had underground tanks. The environmental report also indicated a superfund site about 1/10 of a mile away, which also looks to be remediated. How much weight should we put on this? Everyone we've talked to so far is taken aback by the invasive testing clause; however, our lawyer seems to think it is standard. Having the environmental report is great, but we're not quite sure how to interpret it. Any help is much appreciated! [link] [comments]  |
| Can I get $8,000 an acre in Robertsdale, AL? Posted: 23 Nov 2018 11:28 PM PST I own about 40 acres in the Robertsdale Alabama area. I live in Seattle so I don't really know the land value out there. I'm thinking of selling it but not sure if I can get $8,000 or more per acre. A real estate agent gives me a comprable market value but it is all over the place. Does anyone have any local insights on the area and the $8,000 valuation I am asking for? [link] [comments]  |
| Loan assumption on a house we've already lived in Posted: 23 Nov 2018 10:05 PM PST We have a somewhat unusual situation in that we've lived in this house for almost 3 years now, and last week we finally closed on assuming the loan from the previous owners (my parents). I understand that selling a house right away after buying it means you'll end up paying way more capital gains tax. But given that we've lived here for more than 2 years and have been paying the mortgage each month, would we be able to avoid that higher tax penalty if we sell ASAP? [link] [comments]  |
| Home inspector and licensed roofer have vastly different opinions - what to do? Posted: 23 Nov 2018 04:21 PM PST The situation: The buyer hired a home inspector that assessed the roof was in bad shape and would maybe last a year. The inspection was done by walking on the roof. He noted some spots that looked like they could possibly be hail damage. The house/roof is 15 yrs old with 3 tab shingles rated for 30 yrs. I know age doesn't account for everything, so I got a licensed roofer to come out for an inspection. He said he noticed some hail damage, but some of the damage that the home inspector documented was actually from someone setting a ladder improperly on the roof for example. The buyer is asking for a concession more than the cost of replacing the roof (quote by the licensed roofer) when the roofer said he could get everything in tip top shape and replace the damaged shingles for $700. In addition, he said that the roof had an expectancy of 8+ years at the least. I've offered the professional assessment in writing and said I would pay for the repairs out of my pocket, but the buyer is still concerned and keeps mentioning a price adjustment. Have any of you been in similar circumstances? What is a fair way to proceed? [link] [comments]  |
| Underwriting Question Regarding Cryptocurrency Posted: 23 Nov 2018 08:02 PM PST Hi all, I'll make this short and sweet: My fiance and I just put an offer in on our first house together. We were pre-approved for a mortgage, but we still have to go through the formal underwriting process. As part of this process, we have to submit the last 2 months of our bank statements. I recently bought about $135 in Ethereum on Coinbase over the last month or so over 4 separate purchases (so roughly $35 each time). That said, I haven't sold any Ethereum, or had anything deposited from Coinbase over that two-month timeframe. My question is this: Do I have anything to be concerned about from an underwriting perspective? In other words, is $135 worth of crypto purchases going to raise a red flag to an underwriter? I know I'm being paranoid, I just don't want anything to go wrong with this first home purchase. Thanks in advance! [link] [comments]  |
| How to go about partnering on a deal where the other party will put up the majority of the capital? Posted: 23 Nov 2018 07:46 PM PST Basically the title. I'm 19 and my friends dad passed away a couple years ago and has a decent amount to spend on a down payment. We're both interested in multi family properties but we'd also be fine with starting out with a single unit. I'm just wondering what steps we'd have to go through before buying a place and renting it out. Thanks in advance👍🏽 [link] [comments]  |
| Anyone here bought a Parcel of empty wooded land? Posted: 23 Nov 2018 07:05 PM PST Wondering if anyone on here has purchased a parcel of empty wooded land (I'm looking out in the country atm) and not developed it and had it appreciate. I'm looking for land to just play around on at the moment. I understand different propertys will appreciate and sell at different rates, but curious if anyone has done something similar and grossed anything from it, has any advice or any good talking points. Thanks! [link] [comments]  |
| Posted: 23 Nov 2018 06:10 PM PST (I'll be taking the illionis real estate license) Edit: "for" not foe [link] [comments]  |
| seller concession or reduce price if concerned about appraisal Posted: 23 Nov 2018 05:30 PM PST I'm the seller. I had buyers bid 3% over listing price and I accepted. After the inspection, they are now asking for 3% seller concession for closing costs (did not even say why). I'm wondering if this was just their plan all along: offer over listing price, then ask for a concession of that difference amount? I'm a little annoyed. Are they thinking I should (or will) just accept since it's still basically the listing price? All my agent said was that seller concessions are very common and she will inquire about the reason and get back to me. Also, everything I've read says there's no difference for the seller whether it's a concession or a price reduction, but I'm thinking... if I accept the concession, and the appraisal comes back low, they would probably ask for a price reduction... so if I'm being strategic, I should just counter their request for a concession with a price reduction now, right? No backup offer in play. [link] [comments]  |
| Wrong mailing address on Deed. Posted: 23 Nov 2018 03:53 PM PST Hello recently bought a house and I realized that closing company put the wrong mailing address (for me) on the Deed. Which I hadn't noticed thinking that it was the mailing address of the seller. So its the wrong mailing address on the official deed.. how serious is this and what can I do to fix it? [link] [comments]  |
| Posted: 23 Nov 2018 03:36 PM PST Location [ Bay Area ] We currently own a 2 unit Duplex with a commercial use on the bottom. House is paid off. My family currently lives in both duplex units and we are currently renting out the bottom unit for commercial use. We are thinking about moving out but hesitant which is the best option for us. The area we live in is not an ideal location but plans have been set to build condos, houses, commercial plazas, are underway and will arrive in roughly 10 years or so. The commercial unit is rented out for 7k a month with yearly increased in rent and they pay half of the property tax. The 2 units can be rented out for 2.5k a month each. So that would be an estimate of 12k a month in income minus maintenance of property (Uncle works in construction and commercial unit pays for own maintenance) The commercial unit has been hinting that they want to buy the entire home from us and while it seems tempting, we are unsure of which is the best course of action. We enjoy the passive income but would like to move out and into a single family home. Our household income is $150k before taxes. The business says they will pay in cash if we were to sell. We would ultimately like to purchase a single-family home and another property or two (if possible) to rent out for passive income. We could probably get at least 3.5mil for the house. The houses we are looking into are 1.25-1.5mil so half would be gone after fees and such. That maybe leaves another 1mil-1.5mil to buy another house or so in another location to rent out. The family is conflicted on both solutions but leaning towards keeping the property. I'm just wondering what you guys think. I'm new to selling and buying homes so I'm still researching the hidden cost of each scenario. To rent or to sell? [link] [comments]  |
| Posted: 23 Nov 2018 03:22 PM PST If you were just starting out, what would you do with $30k? Minneapolis area [link] [comments]  |
| Condo Insurance and other costs if I become the Landlord Posted: 23 Nov 2018 02:29 PM PST Hello World, Anyone out there a landlord of a condominium? I'd like to understand some of the costs associated with being a landlord of a condo unit. Aside from HOA and property insurance, what other costs and insurance should I factor into my analysis? I live in the Bay Area and would require the tenant to have renter's insurance. Please advise! _teachme [link] [comments]  |
| Which skip trace databases are the best? Posted: 23 Nov 2018 02:20 PM PST Hello guys, I would like to know which skip tracing databases you believe are the most accurate and complete. I know that TLOxp is very popular, but I would like to know how it compares to other competing databases. [link] [comments]  |
| Posted: 23 Nov 2018 11:48 AM PST We're selling a house by owner to a buyer representing themselves. Does earnest money still need to be paid? I understand it's paid to the title company or broker not the seller. So how would this work with no realtors involved? [link] [comments]  |
| Renting Retail Space -- Can I rent less than the full sqft offered? Posted: 23 Nov 2018 09:45 AM PST Bellevue, WA I am doing research into starting a small medi-spa. With my girlfriend and I being the only people making up the company, it wouldn't need to be a large place, maybe 500-800ft2. My preliminary research discovered this property. We wouldn't be renting out this particular location since we're not ready to start, but the true future location would possibly be quite similar. Now this is nearly 1,800ft2, which is nearly triple what we'd need. I also have noticed that in certain small strip malls, that the walls between stores seem to have been constructed after the fact, especially since the wall will typically stop shy of the windowsill and cause the sill to be shared between both suites. This makes it seem like the wall was tacked on after the fact ... So in light of this, I have a few questions.
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