Neighbors shut down AirBnB/VRBO rentals despite no HOA. Real Estate |
- Neighbors shut down AirBnB/VRBO rentals despite no HOA.
- Extra fees just before moving into new home
- Anyone buy real in rural areas?
- 2019 National Housing Forecast released by Realtor.com, interesting stuff!
- Finding Houses Based On Property Taxes?
- I own a condo, my neighbor keeps putting complaints about “noise”
- If you have title insurance, and the value of your property goes up gradually over a number of years to 10 times its original value, and then it turns out someone else actually owns it and the seller didn't have a right to sell it to you, do you lose 90% of its value?
- One name on the contract but multiple names on the deed.
- What are some things I should keep in mind when looking to buy an OLD home just to demo and re-build?
- Is it worth buying a non-conforming lot to re-build a single family home?
- Need some advice on first house
- Pros and Cons of updating bathroom countertops from dated 1980s to Granite if I'm selling my house?
- Book suggestions?
- How to get deals on New Constructions?
- Buy or Rent?? ��
- Why do listings randomly pop up..
- CA Land Entitement
- A new career?
- (CA) Buying duplex and living in garage
- Best real estate license prep course?
- Is it better to keep my mortgage or sell half of my property to my father?
- Getting frustrated with selling house, thinking about giving up (PA)
- Currently a Medical Student will have about 150k in debt. Looking to buy a house soon in residency... in NYC.
- Inactive license holder looking for referral network brokerage in Clearwater/Tampa, FL area
- Building a new house in Delaware
| Neighbors shut down AirBnB/VRBO rentals despite no HOA. Posted: 30 Nov 2018 11:14 AM PST |
| Extra fees just before moving into new home Posted: 01 Dec 2018 02:27 AM PST So we've paid about £1,700 (UK) at the start of the process for the conveyancing and everything... This process lasted about a month and a half. Now we're a week away from moving in, we're about to pay for the deposit but there's extra fees attached to it which I don't get why we're paying even more money for it.... I feel like we're getting scammed a bit. Labour fee £600 Acting on lender fee £190 Giftee deposit fee £75 SDLT form £85 Telegraphic transfer fee £30 Electronic land registry submission £20 Title information fee £30 Bank charge fee £10 Maintaining archive fee £25 Stamp duty chancel search £25 Search bundle £308 land registration £95 Final searches £11 Engrosment fee £90 LMS fee £12 Identity check x2 £34 VAT on top of all of that too. So we're paying all of that along side our deposit. This literally puts us out to barely any savings. Are these fees right? Thanks [link] [comments]  |
| Anyone buy real in rural areas? Posted: 30 Nov 2018 06:43 AM PST Does your strategy focus on buying cheap real estate in rural areas? If so, what is your approach? [link] [comments]  |
| 2019 National Housing Forecast released by Realtor.com, interesting stuff! Posted: 30 Nov 2018 09:17 AM PST They are predicting mortgage rates ticking up as well as 2% national home price growth, resulting in significant affordability decline, fewer sales, and difficulty for both buyers and sellers. Some other interesting bits too, including individual market predictions (fingers crossed Portland's 5% growth estimate is accurate!). Millennials will make up nearly half of home sales. More inventory in mid to upper-tier, difficulty for first-time buyers. This will also be the first year that homeowners see the results of the new Trump tax plan. Doubled standard deduction means less incentive for home ownership, which might have a big impact on the market. https://www.realtor.com/research/2019-national-housing-forecast/ [link] [comments]  |
| Finding Houses Based On Property Taxes? Posted: 30 Nov 2018 08:53 PM PST I'm looking to buy another house and one thing that I've noticed as I use various search engines and tools to search/filter houses; I haven't been able to find a single one that let's me filter by Property Tax. Everyone talks about the sale price. I spoke to a realtor today and they asked me my budget in terms of sale price. 'A 300k house' or 'a 400k house' as if that wasn't just the primary factor, but the only factor in what I'd be able to afford. I feel like I'm just missing something? In my head as I look at prices and what I can afford, it seems like the amount of tax isn't just important it seems, arguably, more important. Does that sound ridiculous to everyone? Maybe it's specific to my area? I live in Illinois and I know we have some fairly high property tax rates, maybe the rest of the US doesn't care as much? As a specific example, my current house: Purchase Price - $269k Downpayment - $100k Original Mortgage - $169k @ 4% Annual Property Tax - $4,000 That means each month I pay $787 towards the mortgage and $339 towards taxes. Over time, the mortgage will be paid down, eventually it will be zero dollars. But the taxes will (almost certainly) only go up. For me - 43% of my current payment is taxes, but the sites and the realtors I talk to seem to ignore it. At first I though, 'Well EVERY house has taxes, so maybe we can just ignore it when talking about taxes' except that the taxes vary wildly around here. In fact, the only reason I ended up with the house that I have now, is because the taxes are only 4k. An equivalently priced house in a subdivision less than a three minute drive from me is 6.5k per year. And in other, otherwise similar suburbs, the taxes might be as high as 9k or 10k. Using the online tools, I can find the previous year's property tax, but it's a real pain because I'm looking at a very large number of potential locations and each individual block can have wildly different taxes. My goal is to keep my monthly payments at a specific level and I'm just overwhelmed at how to get this data. Am I missing something? Do people just 'ignore' property taxes in their home searches? Are there better tools someone can recommend for me? I know I can go to an assessor's office and search for an individual house and usually see a bunch of data about their taxes but I want to see heat maps and or be able to filter on property tax. In the extreme case, I could buy a house with cash and assuming the house is worth what I pay, all I've done is move funds from a bank account into an asset. The only real costs are related to the cost of moving/cost of closing/cost of selling/depreciation and taxes. The closer you get to no mortgage the more drastic property tax becomes. I did try asking the realtor I was speaking with but she seemed mildly annoyed by my question (making me think I'm just misunderstanding how things work) and gave a vague answer (she said that 'you get what you pay for' and that 'they're largely the same for any particular price range' - but in my experience both of those statements are false. Using myself again, my 4k gets my children into the exact same schools as the people living in an equivalently sized and priced house two blocks from me who pay 6.5k). Am I looking at this wrong? [link] [comments]  |
| I own a condo, my neighbor keeps putting complaints about “noise” Posted: 30 Nov 2018 09:36 AM PST I hope this is the proper sub as it touches on investing, real estate and home ownership. I bought the condo in March of '18 as an investment and also to live in for the time being. Around May I decided to mount a TV onto my wall. I have large concrete beams throughout my unit so I drilled 3, 3/16" holes into the concrete and pounded in some concrete anchors with threaded ends. This was Saturday at 2pm and the drilling I did was about 2 minutes worth, total, of drilling. Another 30 seconds of hammering to secure the anchors. I was done drilling and just had one anchor to secure and I hear a pounding at my door. A Neighbor, apparently below me, greets me with a few expletives and I kindly tell him exactly what I'm doing and if he'd like to take a quick peak and see that it's very minor. He continues with the expletives and at that point I voice to him how I'm not appreciative of his condescending attitude. He then appears dumbfounded that I confronted him about his behavior and he then continues to say he will let management know what I'm doing while dropping a few more expletives. (I swear all the time but not in an angry tone to people I've never met, let alone a neighbor). Also consider the fact this is the first time we have ever met. I'm making an improvement to my home and he is yelling and swearing at me. I said, "fine why don't you do that," and proceeded to shut the door and turn back into my unit. I watched through the peep hole as he stood there again, dumbfounded that I had basically brushed him off. I assume he thought, for some reason, he would come up to my home, swear at me and somehow get me to capitulate. Anyways as soon as I went back inside I wrote an e-mail to management stating what I was doing, the time of day, how brief it was and how my neighbor had showed up to my unit swearing at me. I then finished securing the last anchor and then mounted my tv. A few months go by and it's about July. I decide to have the floors done in both of the bedrooms. I e-mail management to confirm and also make them aware of what I am doing. Once I get proof of insurance and a set date from the contractor I e-mail this info to management. They again confirm and seem generally excited another condo owner is upgrading/changing their unit. I post notices on the walls on my floor and the floor below the day of to warn about construction noises going on, from 8-4pm for the next 3 week days. I remove the carpet the day prior and no issue seems to have arisen as I was extra careful to make sure I was quiet for my sensitive neighbor. The first day of contractor work starts and they have to grind the old leveling concrete off. They do this starting at 9am the first day. Loud work is allowed to be performed from 9-5pm Monday-Friday and larger time windows on the weekend, except Sunday. This same neighbor complains to management. on day one of the flooring upgrade. They(mgmt) call and ask me how long the grinding will proceed. Apparently the contractor was made aware of this as wel because when I came back after to check they were aware of the complaint and said they only grinding for 2-3 hours and told me they were sorry. I said I'm paying you guys for this, it's not a problem, don't worry and the guy complaining is trying to make an issue out of me improving my home. The second day they lay down their cement, hardener and color I believe. This apparently wasn't loud enough for my downstairs neighbor to complain. The third day they need to polish the floor with varying grits with a large floor buffer/polisher in order to give the floor a nice shine. I was made aware of my neighbors complaint as soon as they started the 3rd day and management asked me when they would be done. I said it'll take 8 hours and the noise will be intermittent. They called again around 4pm asking again and Contractor called me asking if they could finish otherwise they would have to come back a 4th day, costing me more money and annoying the jag off below me further. I said just finish up, they were done by around 5:15. After this they are done and the following day I move all my furniture back into the bedrooms and you think the downstairs neighbor would be ok now. He now states to management maybe two weeks later in an e-mail that he can hear my every move, walking, Bed creaking etc and that he believes I have somehow changed the structure of his unit(I believe he used this verbiage to force their hand and investigate further). With this escalation they then ask me if I have put a rug down(totally my discretion wether or not I need something in my unit) but I did get a bedroom rug so I relay this info to them. They use this fact to buy more time because downstairs neighbor thinks I don't have a rug.(as if that's any of his fucking business). He apparently kept complaint because then Management then asks me if the building engineer and myself can go into my unit, walk around, Shake the bed, and step on the flooring while the downstairs neighbor and the building manager are in that unit. I agree and come Home during my lunch on a Wednesday. Me and the engineer go into my unit. We walk around, I even jump in a few different areas to try and make some noise. I shake the bad, sit down on it, try to get it to "squeak" and the manager and downstairs neighbor are unable to hear any noise as we are up there attempting to reproduce whatever the neighbor is claiming he's hearing. This was about two months ago we did the "test," so having not heard anything from management in a while I assumed it had gone away. Well last night I get a phone call from management asking," did I get a rug, downstairs Neighbor is still complaining?" I tell her why haven't I heard of these further complaints, I haven't been made ware of anything since we tried to reproduce noise 2 months ago. I feel like management has let me down for not telling me when or what time of day this guy is logging complaints against me because then I can't refute anything like if I wasn't home during that time or anything like that. Keeping all this in mind she then says because he had this "recording," he has thus forced her to escalate again. Management states they will be bringing in a contractor to do "sound testing," in his unit. I say ok I want this to be over with and the convo is ended. I consider the noisy street and ambient noise around and decide to e-mail management stating, "I'm not sure how this sound test will be performed, but considering all the ambient noise a decibel reading can hardly be impartial or an exact Measurement of noise produced by my unit." She responds that she understands and I state that I wish all correspondence further relating to this issue should be posted to this e-mail chain so everything can be documented. I haven't had anything else pertaining to this issue to save because moronic management has only ever called me in the past to relay that a complaint was made against me. They also made it seem as though it had gone away since I hadn't heard anything for months. I only had the one outgoing email stating I was mounting my TV back in May. Anyways I don't know what to do and I am getting nervous as the downstairs Neighbor won't let this alone. I almost want to state to management that I feel I am being harassed by this man via management. I have done everything according to the condo by-laws and I definitely didn't change the "structure" of the building as this asshat claims. I also feel management has done me a disservice by not bringing the complaints to my attention as they were logged. I am awaiting confirmation of them performing this "sound test," what should I do from here moving forward? [link] [comments]  |
| Posted: 30 Nov 2018 06:38 AM PST |
| One name on the contract but multiple names on the deed. Posted: 30 Nov 2018 07:03 PM PST My family is trying to buy a house. We are trying to get our mortgage under my sister's name, parents pays for the down payment. But under the closing contract can just my sister name be on it? and later have multiple names on the deed? If its possible, will there be any tax issues regarding the purchase between my parents? [link] [comments]  |
| Posted: 30 Nov 2018 06:37 PM PST I would like to have a ranch-style house built for my aging parents because they have not been able to find anything that they like after 18 month of searching. [link] [comments]  |
| Is it worth buying a non-conforming lot to re-build a single family home? Posted: 30 Nov 2018 06:24 PM PST The current lot already has a very old (1929) home. The lot is non-conforming because it does not meet the required width (the required width by depth is 100x100 and this lot's width is 63.5) so it's in an R-10 zone. The lot area is 10,000 so plenty of room in the back but the frontage is limiting. I spoke to the township zoning office and was told to go in front of the Board for a variance. Is it worth pursuing? image: https://imgur.com/a/EsfS0uR [link] [comments]  |
| Need some advice on first house Posted: 30 Nov 2018 05:54 PM PST My wife and I are looking for our first house and one property we will be looking at is an older house that looks newly renovated that is giving me red flags Mostly what is giving me red flags is it's really inexpensive and ots hostory. Sold 08/30/18 109k Sold 04/03/17 99k Sold 06/29/16 70k https://i.imgur.com/owjouA9.jpg https://i.imgur.com/1Wpdpf3.jpg https://i.imgur.com/vjUg4tQ.jpg We will be looking at the house with my FIL on December 2nd, what should I look for to see how good the house is. [link] [comments]  |
| Pros and Cons of updating bathroom countertops from dated 1980s to Granite if I'm selling my house? Posted: 30 Nov 2018 07:53 AM PST Hello Realtors and other Real Estate folks. I've got myself in a unique situation and I need help making a decision. My house is fairly updated already, with a <1 yr old roof and a <2 year old A/C unit. New floors, new paint, popcorn removed, etc. The only things that aren't updated are the kitchen and the bathrooms; they're original from the 1980s when the house was built. I got a quote that said it was going to cost me about $1700 to put in granite countertops in the bathrooms (I don't want to tear out the current cabinets or do other updates beyond that). Here's the situation: I'm going to be moving to a new city and selling my house in January. I'll be on a very limited amount of income for January and February, and I only have so much in savings to last me until I can get my new business up and running. So, that $1700 is essentially a month's worth of expenses for me. I could really use it to fill in the gaps until my house gets sold and I have that equity sitting in my savings account. So, I'm trying to weigh the pros and cons of going ahead and putting in the countertops, or leaving them alone and letting the next homeowner choose what they want to put in. Will spending the $1700 to put in new countertops be beneficial enough, either with the sale price of the home or more importantly, the sale of the home quicker? Alternatively, do y'all find that not updating the bathroom counters makes that much of an impact with generating interest in the property? [link] [comments]  |
| Posted: 30 Nov 2018 01:16 PM PST Looking for some good reading suggestions on the topic of real estate investment and land/property development. Thanks! [link] [comments]  |
| How to get deals on New Constructions? Posted: 30 Nov 2018 04:17 PM PST My local real estate association recently sent a newsletter, encouraging members to look into "deals" on new constructions in local developing subdivisions. They intimated that investors can get "great deals" on new constructions that are still being built. I'm currently in the Raleigh-Durham market in NC so the author's outlook may only pertain to just our market... I don't know. Has anyone else found this to be the case? Is it possible to get a good deal/bargain on a new construction that's still being built? And I guess it would depend on the market but I'm wondering if there are investors that purposely target new constructions... Thanks in advance. [link] [comments]  |
| Posted: 30 Nov 2018 11:53 AM PST My wife and I are both active duty military and stationed in our desired state but not the city. We hope to be at this base for quiet some time and considered buying rather than renting to have that kind of investment. However, we are going through some pros and cons about buying a property here, in Tucson AZ versus renting a place here and saving up a hefty down payment on our dream, "forever" home in the East Valley of AZ. I understand that real estate, the economy and stocks and whatever else are very unpredictable in the future and don't want to lose an opportunity to have an investment In case we want to sell in the future. OR, possibly keep it because the housing in East Valley dramatically increased in the next 5-10 years and we may have that possibility of not being able to afford property there. Any thoughts or suggestions? Anything we need to take into consideration? TIA. [link] [comments]  |
| Why do listings randomly pop up.. Posted: 30 Nov 2018 03:20 PM PST So I'm pretty thorough at scouring the various sites for homes in my area so i know which homes are for sale on on the site . Well sometimes i will be looking and a "new" house will pop up that ive never seen before on the site. Expecting the home to be a new listing, i look at number of days on market and am surprised to learn that it is 100 or whatever number of days. Anyone know why this is? Can people hide their listings? [link] [comments]  |
| Posted: 30 Nov 2018 02:42 PM PST Has anyone successfully rezoned and entitled land in CA? I was hoping for some basic insight into the process. Not for personal use, I'm not a land developer. [link] [comments]  |
| Posted: 30 Nov 2018 10:02 AM PST I currently have 3 jobs. I am a Starbucks barista, I am a substitute teacher, and I manage my dads rental properties. I'm tired of side hustles and want to build a real career helping people be happy. What better way to do that then helping people find their dream home? Any advice for someone staring out and going through a career change? [link] [comments]  |
| (CA) Buying duplex and living in garage Posted: 30 Nov 2018 11:34 AM PST Hi! I'm looking into buying my first property within the next year or so. I am still in school and can't afford a mortgage of more than about $400 per month with my current income. However, I could afford a $150k duplex by renting both units and living in a cheaply converted garage. I have in hand the 5% or 10% down payment but not the 20% asked for pure investment property. I could basically live for free and passively build equity in the duplex. I plan to live there for at least 3 years while in university. How should I go about doing this? Could this compromise my mortgage contract somehow? What are the regulations on this kind of living situation? [link] [comments]  |
| Best real estate license prep course? Posted: 30 Nov 2018 10:53 AM PST |
| Is it better to keep my mortgage or sell half of my property to my father? Posted: 30 Nov 2018 10:37 AM PST I currently own a condo and had to put down 50% up front for the property, and financed the rest with a 20yr mortgage at 9.49% interest (this property is not located in the United States). After 2 years, I have actually moved out of the property and am currently renting it out for the exact amount that I pay each month on the mortgage (I currently have a tenant on a yearly lease). I have exactly 18 years (216 monthly payments) remaining on the mortgage. I bought the property for $91,000, and the exact model on another floor is now on the market for $100,000. My father has recently offered to buy off the remaining amount owed on the house (about $43,500 or 48%), in exchange for his percentage of the property, so he would own 48% of the house and I would own 52%. Is this a good deal for me? Or should I continue to pay the mortgage? [link] [comments]  |
| Getting frustrated with selling house, thinking about giving up (PA) Posted: 30 Nov 2018 06:48 AM PST Had been considering selling my house to move closer to my job (currently an hour commute) and put my house for sale in October. Met with multiple realtors saying the house would sell fast because it's a starter home and in a good, conveniently located neighborhood. Set the price to what would be considered fair in the neighborhood, but still the cheapest in the area. Had several people see it... no one liked it and said the price was too high. About 1 1/2 weeks ago we lowered the price by 10k, making it by far the cheapest in the area, a lot of houses around me are going for 30-40k more. STILL nothing, people dislike things I can't do anything about like say the street is too busy, the parking isn't good (can fit 4 cars and there is a parking lot across the street, so wtf?), they don't like the layout (the downstairs goes in a circle, connecting a half bathroom to both the kitchen and office), or that they don't want two bedrooms on different floors. And STILL some people are saying it's too expensive, even with a brand new double oven, new roof, new AC, and updated bathroom. At this point I am about to give up... the market was so good this summer and now it seems to have taken a dip. Is it worth taking the house off the market and revisiting next year? [link] [comments]  |
| Posted: 30 Nov 2018 10:02 AM PST Hey all, currently a Medical Student. Will be starting residency soon, probably making around 50-55k a year. I currently live in NYC for my rotations in my parents' home that we own here in NYC. I am looking to buy a a house, probably a 2 family to get income from a rental portion. I just don't have the means to get the desirable house of my choice. Just wondering if anyone has advice or experience in what to do in my situation? I really want to buy a house, my parents made the mistake of waiting too long to buy one and just want an idea. While paying off my student loans, and saving as much as I can, what else can I do to have a better chance of purchasing a 700-800k 2 family house in NYC? Thanks. [link] [comments]  |
| Inactive license holder looking for referral network brokerage in Clearwater/Tampa, FL area Posted: 30 Nov 2018 09:07 AM PST Hi all, I'm a license Florida real estate sales associate. I haven't really been using my license for the last couple years, and recently moved to the Clearwater/Tampa, FL area. I'm looking for a referral network broker I can hang my license with and refer folks to whenever I come across a good lead. I'm looking for a brokerage that preferably does not charge a yearly fee. I understand the E&O costs, etc. have to come from somewhere, but I'd prefer they come out of any referral fees I get. Is there anyone out there on r/realestate that can recommend a referral network in the area? I've tried Googling but found only a couple results. [link] [comments]  |
| Building a new house in Delaware Posted: 30 Nov 2018 08:35 AM PST Just looking at the standard equipment it comes with 1 phone jack and 3 cable jacks. Is this adequate? Two full time people will be living here and an adult daughter who works seasonal jobs so maybe a week a week there... [link] [comments]  |
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