- My realtor/property manager got me a $100 gift card to a local restaurant for Christmas but I only got him an assortment of chocolate that was worth about $15, what should I do? (cross-posted to /r/etiquette)
- I’m 42 years old not married, no kids I’ve never bought a house in my entire life is it too late now?
- Would You Buy a House Next to a Homeless Shelter?
- Is selling a little later so we can stage the home, really worth it?
- Corner lots
- Neighbor delisted home?
- Negotiating with Relocation Company
- RUBS - Ratio Utility Billing
- Title company disbursed funds without our approval.
- A house we are considering was a short sale and now it went into foreclosure.
- Earnest money
- First Investment Property Noob Question - Reserves
- [Illinois] Undeveloped Farmland to Developer Sale
- Torn between moving forward on a Triplex
- Potential rental property meets the 1% rule but will have minimal appreciation. Does it matter?
- Wanting to start a side business in real estate.
- Airbnb in Ulster County, NY
- Buying a home and the seller wants to live in the home past inspection, up to the closing date. How can I be sure they won't destroy something after the inspection? Can I request inspection not be done until the home is no longer occupied?
- Recommendation for a Buyer's Agent in Houston Area.
- For agents, what is the benefit of working for eXP?
- Is there any data how much full time agents make ?
- Can a company have the word “REALTOR” its name?
- First home buyer: newly built home inspection after walk-through or after closing?
- [UT] Dividing land between two owners and selling a portion.
- Best way to heat and cool older home?
| Posted: 19 Dec 2018 02:42 PM PST Last year my realtor/property manager got me a bucket of peanuts for Christmas and I got him an assortment of candies, so our gifts last year were pretty much even. Over the past year I have bought several properties with him as my buyer's agent, and this year he got me a $100 gift card to a local restaurant. He mentioned he wanted to thank me for my business over the last year. I'm really happy with it but wasn't expecting it. My gift to him this year is still on the level of my gift to him last year. Should I add something else to my gift to him? If you were the realtor who had someone buy 4 properties with you over a year and they only got you a chocolate assortment and you got them a $100 gift card would you think their gift was stingy, or would you expect a bit of imbalance since they're the "customer"? [link] [comments]  |
| Posted: 20 Dec 2018 03:57 AM PST |
| Would You Buy a House Next to a Homeless Shelter? Posted: 19 Dec 2018 12:33 PM PST We live in a residential neighborhood of single family homes. Today we received a letter from the city announcing a meeting to discuss the rezoning of a former church across the street from us. They wish to turn it into an "emergency shelter" for those with "financial hardships". Residents would be allowed to stay for up to two years. It is to be run by a local ministry, not a large organization or professional institution. It is a fair sized building that was a school in a previous life, so it could house many residents. As you might expect, as homeowners that would live next door to this venture, we are concerned on many fronts. While I realize the problem with homelessness is a serious one, we also need to consider the safety of the neighborhood and the effect on our property value. So far we have been given next to no details on exactly what type of residents this institution will house, or how it will be run. Please, serious answers only. How would you feel in this situation? Have you experienced living next to a shelter before? How will this affect our property values? Would you buy a house next door to a homeless shelter? [link] [comments]  |
| Is selling a little later so we can stage the home, really worth it? Posted: 19 Dec 2018 07:08 PM PST We need to decide whether to sell before or after Easter. If we sell before, we will still be living in the home so will declutter, fix up a couple if things, fix up the garden. If we sell after, we will be out so will need to stage the home professionally as well as do some fix-ups. We have bridging finance so while time IS money, the question is whether we'll get more money overall if we wait and stage it. Advice and comments appreciated. Edit; I better clarify the work to be done. I really just mean changing the old toilet seats, scrubbing the walls and maybe possibly changing the carpets in the 2 bedrooms. Plus pulling out some plants, putting in nice flowers and mulch. Lots of mulch! Granted lots more could be done. But really isn't necessary. [link] [comments]  |
| Posted: 19 Dec 2018 08:36 PM PST Hi, I've always been inclined to homes on corner lots. They typically have bigger yards and more leniency with zoning laws on adding on, expanding a driveway etc. I've been reading around that most people find corner lots undesirable. What is your take on this issue? [link] [comments]  |
| Posted: 20 Dec 2018 04:57 AM PST My neighbor across the street from me listed their home in mid-September for 330k, then dropped the price to 329k in mid-October, 325k in mid-November, and then 10 days later the status went to "listing removed". It still has a realtor sign out front. No one is in the house and I have seen 0 activity at it. They have only owned it since February 2017 and appear to have done upgrades so they could flip it. They bought it for 275k. For reference my house across the street I bought in April was 279k even though it was 100 feet smaller. That leads me to believe that they're expecting too much? Other houses in the neighborhood are selling for similar prices it seems. Or can "listing removed" mean that they have a buyer? [link] [comments]  |
| Negotiating with Relocation Company Posted: 20 Dec 2018 04:53 AM PST My wife and I have found a home we really like. We have been looking for the past year and have walked through about 20 other homes, and this one is still at the top of our list. It is being sold by or at least the sale is managed by NEI Global. The home was listed 170 days ago for $449,900 and 5 days later dropped to 448,900 with a 3% buyer incentive. 3 weeks later the price dropped to 414,900, with no incentive, where is has remained for 140 days. Our initial offer was countered with 400,00 so we came back with a higher offer and the counter was 400,00 so we thanked them and walked away. This was a couple months ago. At that time we were about 25,000 apart. Does anyone have experience with relo companies or more specifically NEI? I would like to know how this works from their side. - Assuming there are multiple appraisals done and an average taken? Then This is what the home is purchased for from the home owner (person being relocated). Thanks in advance! [link] [comments]  |
| Posted: 20 Dec 2018 02:18 AM PST Hello, I am a landlord in Glendale, CA. I was wondering if anyone has used RUBS (Ratio Utility Billing System) to charge tenants for utilities they aren't individual metered for? In my building, I have individual metering for each apartment's gas and electric. However, water for each unit as well as common areas is paid by the landlord. As is the electrical cost for common areas and trash fees. The company I was looking to implement this is called "Livable". It can be found by searing "Livable" and "RUBS" in Google. Anyone have any experience with this company? Here is what I know so far:
Some concerns:
Anyone have experience with RUBS? This specific company or another one? Any concerns I'm missing? If you're landlord and it is legal to implement this in your area, any reason you haven't (besides "I choose to cover utility costs because it makes my units more attractive to prospective tenants")? Open to all advice. Thanks! [link] [comments]  |
| Title company disbursed funds without our approval. Posted: 19 Dec 2018 02:53 PM PST We are building a home and mentioned to the builder that it's been a while since they have asked for a disbursement (almost two months) and they've done a lot and Christmas is coming up. He said that they had requested a disbursement, and received the check a week or two ago. However, we never signed off on anything or approved any disbursements from the title company like we had in the past. Isn't that what we are paying the Title Company to do? [link] [comments]  |
| A house we are considering was a short sale and now it went into foreclosure. Posted: 19 Dec 2018 06:13 AM PST The title is what is said. The house we are looking at went into foreclosure. Would we still be able to buy the house? [link] [comments]  |
| Posted: 19 Dec 2018 08:45 PM PST Minnesotan here. How real and serious is earnest money? What's the perspective if one does not offer earnest money? Is it normal and customary? My dad is convinced it is used to scam the buyer into paying closing costs or that a realtor pockets it. He firmly believes it does not go towards the down payment. He's also a rich asshole who says he has never offered earnest money and has always been able to close on a property. I tried to explain to him that he's rich, it's different if they can prove you're rich. When your middle class or poor, like me, earnest money makes sense. [link] [comments]  |
| First Investment Property Noob Question - Reserves Posted: 19 Dec 2018 11:29 AM PST I have never gone though an investment property loan process and I am trying to get an idea of what I need to have on hand. From my research a bank will typically want to see a 6 month reserve of payments for the investment property and your main residence. Does that all have to be in cash- or can my taxable investments work for those reserves? (These are NOT my retirement savings- I have separate 401k, IRA, 529's, HSA, etc that will not be factored in here) [link] [comments]  |
| [Illinois] Undeveloped Farmland to Developer Sale Posted: 19 Dec 2018 02:52 PM PST Hi Redditors, I'm part of a parent referendum committee looking to pass a bond in our community for a new school facility. They've got a proposed site that is currently farmland, and the community is up in arms about the price the seller is looking to charge ($20k/acre) as well as it being a 44 acre plot he's not willing to subdivide. Other sales in the area for sites like a park addition and some land that was developed for a business site sold for anywhere between 30k and 80k. Farmland is obviously sold for substantially less. My question is basically based in zoning. I understand that once the zoning changes from farmland to commercial the price is raised. Does the re-zone need to happen prior to sale? Is there a reason the price should be considered commercial and not just a sale of farmland? My google searches have left me with articles that may as well have been written in Latin. Essentially people are upset that the sale price is more aligned with commercial property, which it WILL be, and not farmland, which it currently is. Any input would be helpful! Thanks r/realestate! [link] [comments]  |
| Torn between moving forward on a Triplex Posted: 19 Dec 2018 07:32 PM PST Hey guys I wanted to see what reddit thought about what seems to be an extremely difficult decision for me. I put in a 167k offer for a triplex that I would say is valued at about 230k. After about a week of negotiating seller ended up accepting. Partly because he moved 2000 miles away, but mostly because it needs alot of work. Turns out its alot of work. Some of the issues are:
Pros: -Great area -Great price -easy to rent to decent tenants including but not limited to younger crowd, college kids, etc - 3 unit and I Would like to increase my portfolio - 2/3 units already rented giving some cash flow I am torn because for the price of this triplex i can get a really nice duplex for about 30k less. And possibly also have enough to finance another duplex. Ive bought l two houses before that were distressed and did not mind working on them. Besides HVAC and electrical, I am pretty handy. This however is something I am not sure about. I keep trying to figure the most optimal way to use up my ability to finance my real estate deals. 2 duplexes with some less work or 1 triplex with a shit ton of work. Has anybody been in similar situations? Is there a standard way of calculating what the beat move is? Sorry for the long post [link] [comments]  |
| Potential rental property meets the 1% rule but will have minimal appreciation. Does it matter? Posted: 19 Dec 2018 12:33 PM PST Hi guys! I've been considering a multiplex in a small town (static population for 10+ years) where there isn't much possibility for economic growth. The cost of the place is 299k and the rents are $3200 currently. Mortgage after 25% down will be roughly 1800. At this point I'm most concerned about cash flow because eventually I'd like to quit my day job. Are there things to consider for investment properties if I expect little to no home value appreciation? I also own a rental in a hot urban area that has appreciated tremendously in 9 years, however that market no longer can get even close to the 1% rule. In fact it would be a negative number haha. The question is, is it OK to have no appreciation if the cash flow works? Couple more details: due to a downturn in natural resources industry the homes in this town haven't appreciated in about 11 years. However 2017 saw the first uptick- about 2%. The town has minimal professional level jobs but does have a large coast guard base which keeps some good jobs in town. Thanks everyone! [link] [comments]  |
| Wanting to start a side business in real estate. Posted: 19 Dec 2018 10:15 PM PST Hello all! I'm about to graduate college in the spring with a degree in accounting and zero debt. I am extremely interested in starting my own real estate business on the side, however, I don't really know exactly how to get that first property under my belt. Does anyone have any suggestions or tips for making this business a reality? [link] [comments]  |
| Posted: 19 Dec 2018 03:54 PM PST I'm about to purchase a property with a main home as well as a small cottage with a composting toilet. The cottage is not a legal structure and therefore the property is listed as a single family home. I'm wondering if anyone else has a similar property that they rent out on airbnb? I realize that I won't be able to lease he cottage to long term tenants but are there any laws preventing me from short term rentals on airbnb? I've seen tree houses and other really rough places for rent but wondering if anyone has experience with this. Thanks in advance for your help! [link] [comments]  |
| Posted: 19 Dec 2018 07:43 AM PST Note that we're first time homebuyers. I'm sure this is somewhat common but it still makes me very uneasy. I'm betting my family's future in this home on the current occupants being good people. I don't know them at all. How can I trust this? Can I request inspection not be done until the home is no longer occupied? [link] [comments]  |
| Recommendation for a Buyer's Agent in Houston Area. Posted: 19 Dec 2018 07:38 PM PST Hi, my friend and I are looking to invest in Houston area - most likely multifamily units. We both live in New York but grew up in Houston, know the city reasonably well, have friends and family there. I would be our first attempt at owning an investment property. Any recommendations for a reliable buyer's agent or about the market in general would be welcome. Thanks! [link] [comments]  |
| For agents, what is the benefit of working for eXP? Posted: 19 Dec 2018 07:37 PM PST So what are the actual benefits of working for eXp? I just attended a seminar in my area. I was the only one there, and honestly, I didn't get much out of it. I'm currently with KW, and I don't like the fees, so I went looking for a brokerage to switch to for 2019. I came out of my meeting under the impression that the only way to make more money (their fees ended up being higher?!) than with KW, I would need to recruit others to sponsor, and/or buy/earn their stock through sales and sponsorships. I like the earning through stock idea... So let me summarize what I learned today:
So what's the deal? Can someone with eXp clear some of these questions up for me? [link] [comments]  |
| Is there any data how much full time agents make ? Posted: 19 Dec 2018 07:28 PM PST I know there are averages of how much real estate agents make across the country . But it seems so many agents have a license but practice very part time or they have the license as a requirement for another job like property management or working in a real estate office . Is there any data in regards to what full time agents ( putting in say 40 hours or more ) make especially by city would be interesting . [link] [comments]  |
| Can a company have the word “REALTOR” its name? Posted: 19 Dec 2018 01:28 PM PST I know that REALTOR word is trademarked. But what I don't understand is how can such word be eliminated as an option for real estate agents and companies? What are the possibilities of using the word REALTOR within your business. It seems like it's okay to have that word in option and categories of the company but not as part of the company name [link] [comments]  |
| First home buyer: newly built home inspection after walk-through or after closing? Posted: 19 Dec 2018 03:38 PM PST Hello, It is planned to close a newly built house in early Jan. and I am going to do a walk-though tomorrow. I didn't do other 3rd party home inspection as the realtor said the house has 1 year warranty and it is a house located in a relatively nice neighbor, and idk why but when I did google search before signing the contract, the websites that I found did not strongly recommend doing a home inspection if purchasing a new house with warranty.. But while googling for a checklist for walk-through, I find it is strongly recommended doing a home inspection before closing and walk-through is to check whether it's fixed well and any further defects. and now I'd like to have the new house be inspected. In this case, can I do the home inspection and do another walk-through to check the possible fixes and then close? or will doing a home inspection right after closing and requesting the warranted fixes? I'd appreciate for some advice in this case.. ugh I just should've done the inspection before signing.. Thank you in advance! [link] [comments]  |
| [UT] Dividing land between two owners and selling a portion. Posted: 19 Dec 2018 04:54 PM PST I've got a mess on my hands with some land owned between my father and my uncle. It's about 10.5 acres of undeveloped land in a small town, residential area, and divided into 2 (3 if you count the .31 acres behind my father's house that my uncle has somehow removed my father from recently. Father has been using it the entire time under the assumption it's joint owned like everything else.) It's always been used to grow crops. There's one old barn in the corner that's near what used to be my grandfathers house. A potential buyer approached my father about it a couple days ago and wants to buy the area with the barn and part of the field. No special requests were made on what he wants to use as a pasture for a horse or something. I'd estimate he's wanting around 1 acre. What's the process for dividing things? I know a survey will be involved, but what documents need to be prepared and how would one go about drawing the line on who gets what? The situation is kinda complicated because they haven't talked since my uncle blind sided him with paperwork to split the 100 acre farm on the other side of town. Lots of fighting and bitter memories prior to that and both have a degree of distrust for strangers, so I'm gonna be forced to mediate this. To be honest, my uncle is a bit more cunning than my father. I was out of the country during the farm split. With the farm, he had the paperwork drawn up and surprised my father with it. You can guess who got screwed. I'd like to do something similar, but am willing to give 2-3 options on how it's divided to make it easier. Also, is there a basic way of determining values of any parcels we create? He wants to sell some to a guy and I wanna make sure he gets a fair price. There's no other parcels for sale in town right now, so I don't have much to go off of. This is a whole new topic for me, and I'd appreciate any help you guys can offer. Trying to keep fees down to a minimum and avoid paying a lawyer since I can't afford one and my father won't trust one enough to pay them. Help me/realestate, you're my only hope. [link] [comments]  |
| Best way to heat and cool older home? Posted: 19 Dec 2018 07:30 AM PST Hi all, I recently purchased a home as a foreclosure that currently has a ~20 year old furnace that converts gas to steam heat. The steam heat is functioning but I have been told it is not efficient. There are no AC units. As I am renovating the home and talking to multiple HVAC professionals, I am stuck on how to best renovate and heat/cool my home. I have heard various different opinions: 1) Keep the steam heat and get window ACs (most affordable) 2) Get a high efficiency furnace with central air and heat (most expensive) 3) Get gas baseboard heat with energy efficient furnace and one mini split unit for AC 4) Get a few mini splits for the entire house (? High electrical cost) I am stumped and have no clue what the best option is, or if there are even additional ideas out there. I plan to live in this house for ~5-10 years, and then rent it out. I AM NOT flipping. I am hoping maximize both efficiency and cost to have a good quality of life while keeping costs reasonable. Thank you so much! [link] [comments]  |
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