Put in my first ever offer on a house today... Real Estate |
- Put in my first ever offer on a house today...
- People who bought right before the 2008 crash, how are you doing now?
- At what point did “MTV Cribs” level home furnishing become the standard?
- [FL] What costs must a seller pay out-of-pocket before a home sale is finalized?
- Can someone explain to me the hierarchy of multifamily apartment complexes?
- Pros and Cons of putting down more than 20% downpayment?
- New to the NWMLS. What Should I Know?
- Husband (37M) and I (32F) looking to buy for the first time in the [Boston] area (sigh). Should we? Any advice?
- The roof of the apartment I’m renting caved in while raining. I told my landlord about it 2 months ago and they haven’t fixed it. What are my options?
- How much does an agent make off of selling a lot?
- Hello! My wife & I are in the process of buying a home and want to know when is it safe to start packing? We are the “underwriter” stage. Our inspection & appraisal are next week. ETA closing date is the 31st! We are hoping that happens cause we really don’t want 2 pay rent for another month
- Is there a website that allows you to search for properties in multiple zip codes?
- Can We Change Our House Number?
- CA bay area- off market only advantage?
- Do your research
- Illegal half bath on a residential purchase
- Any advice?
- Conflict of interest?
- Ways to go about refinancing for a new house purchase?
- How do I know if this is an ethics violation (Pennsylvania)
- Taking Zillow images for a showsheet (buyer side)?
- Need help with a purchase and sale agreement
- Advertising a property from abroad
- Buying foreclosure at courthouse?
| Put in my first ever offer on a house today... Posted: 05 Jan 2019 03:58 PM PST Seller rejected it without even a counter...feels bad man. Oh well, learned a ton going through this so next time will be easier. [link] [comments]  |
| People who bought right before the 2008 crash, how are you doing now? Posted: 05 Jan 2019 02:33 PM PST Been hesitant to buy a house as a first time buyer for several years but hoping to jump in the market soon. There are talks of a correction/recession for housing market (which I know is usually incorrect). Just curious to see that in case of a worst case scenario of buying before a crash/correction, how do people fair 10 years later? [link] [comments]  |
| At what point did “MTV Cribs” level home furnishing become the standard? Posted: 05 Jan 2019 07:40 AM PST Every new home buy I speak to only wants "updated and freshly finished" homes. Those that remind me of those old MTV Cribs episodes where celebs had pristine all white homes with expensive furnishing. These days if the home isn't remodeled / updated or a "showcase home"... it's not seeing much interest. Heck, if it's not open concept young people don't want it. What happened over the past few decades that made this the norm? [link] [comments]  |
| [FL] What costs must a seller pay out-of-pocket before a home sale is finalized? Posted: 05 Jan 2019 10:40 PM PST Asking for a friend. She is selling her house in Florida. These are the numbers that her agent quoted her:
Total - $24600 She is trying to find out if $24600 is something that has to come out of her own funds before the sale is done, or if this fee is payable after she gets the proceeds of the sale. I tried to Google for her, but I could not find an answer. Please help. I got free dinner riding on this. Thanks! [link] [comments]  |
| Can someone explain to me the hierarchy of multifamily apartment complexes? Posted: 05 Jan 2019 11:37 PM PST I just want to know who's involved Obviously, there are office people and apartment managers but I start to get lost after that Then wouldn't there be real estate brokers next? Aren't apartments sold through real estate brokers? What about the owner of the complex, how are they involved in this when stuff is being sold or rented or whatever? I just want to know all the people and companies involved in the multifamily apartment hierarchy [link] [comments]  |
| Pros and Cons of putting down more than 20% downpayment? Posted: 05 Jan 2019 08:01 AM PST The standard downpayment is 20% but if you put down more it reduces the monthly payments for the length of the mortgage. What is the negatives to putting down greater than 20% on a home to reduce monthly payments? [link] [comments]  |
| New to the NWMLS. What Should I Know? Posted: 05 Jan 2019 11:48 PM PST I'm a broker from another state that is in the licensing process for WA. I'm not new to real estate but I know each place has their quirks. Any licensed brokers up here have any tips or advice they'd be willing to share? Things about the contract or process that may be odd or that tend to trip up noobs like myself? TIA! [link] [comments]  |
| Posted: 05 Jan 2019 01:59 PM PST My husband (37) and I (32) are currently renting in the Boston area and are looking to buy to both build equity and to, you know, own our own place that we can improve as we see fit. Both of us would be first time home buyers. Gross household income is roughly $250k. We currently have $35k saved for a down payment and are saving an additional $2200 monthly ($26400/year) towards our future home. We max out our 401ks annually, have $25k as an emergency fund, and have $45k in additional investments (and some other money earmarked for travel, operating expenses, etc.). We'd ideally like to let those investments keep making money for us, but are open to liquidating them for a home. Given the very, very competitive housing market around here, we aren't really sure where to start. We don't have nearly enough for a 20% down payment on most of the homes available in the immediate Boston area (think $600k+) that aren't dilapidated or 400 sq ft 1-br apartments, and we won't for a few years. So that's out, but we're not sure where to go from there. We're looking now at the outskirts of the city. Should we run from condos to avoid COAs and shoot for a SFH instead? Avoid houses that are 100 years old or more (which is, like, most of them)? Is $400k a reasonable house price, given our income and current savings rate? Is paying less than 20% down a horrible, horrible idea? And would we even be able to compete with other buyers if we did that? We're taking a class in home buying in the next few weeks, but I'd love to learn a little bit in advance about key considerations that husband and I are likely missing. [link] [comments]  |
| Posted: 05 Jan 2019 11:15 PM PST Can I break my lease and still get security deposit back, get money back from rent etc? Apartment got a lot of water damage during rain and it has cause a good portion of our kitchen ceiling to cave and leak. We are in San Francisco btw. We let the landlord know but nothing has happened and at this point we would like to move, most likely. [link] [comments]  |
| How much does an agent make off of selling a lot? Posted: 05 Jan 2019 10:53 PM PST Would it just be the same percentage as selling a completed home? Or do they get a commission on the house built on the lot afterwards or how does that work? [link] [comments]  |
| Posted: 05 Jan 2019 12:37 PM PST |
| Is there a website that allows you to search for properties in multiple zip codes? Posted: 05 Jan 2019 03:09 PM PST Hi, I've been trying to find a way to use the listing websites like zillow, redfin, etc and search for properties only in certain cities or zipcodes without having to search for them separately. I am surprised this is not possible in most of the sites I checked. [link] [comments]  |
| Can We Change Our House Number? Posted: 05 Jan 2019 04:46 PM PST [link] [comments]  |
| CA bay area- off market only advantage? Posted: 05 Jan 2019 01:38 PM PST Friend's parents- been in the house 30 years- moving out to retire. House needs a pretty big rehab. Plan to sell as is. REA only marketing it off market. This strikes me as some combination of poor strategy and perhaps unethical- like trying to sell to repeat flip clients or something rather than get max value. Thoughts? [link] [comments]  |
| Posted: 05 Jan 2019 01:16 PM PST If your interested in buying someone's property because you possibly have some information that they are battling foreclosure. Do your research. My mom passed away two years ago and if you Google her name her obituary comes up. It's the first thing. I am sick and tired of getting calls and letters asking for my mom. My family is not interested in selling (unless we have to , but we have a heavy presumption against selling) but if I was interested, those purchasers who call looking for my mom ruined any chances at them getting a sale. Do your research [link] [comments]  |
| Illegal half bath on a residential purchase Posted: 05 Jan 2019 03:19 PM PST My wife and I are looking for our first house and came across one we really like. Only problem is that there's an illegal half bathroom on the main floor. The current owners have no desire to get the proper Certificate of Occupancy for the half bath and we're using a traditional lender (big bank) so we think this will be an issue to get a mortgage. 1. Is this common? How does a seller plan to sell a house without the proper C of O on a house? 2. Is there a was around this? The bathroom is small, so is it possible to remove the toilet and sink until the proper certificates are obtained? Or will the lender not even approve the mortgage with the illegal bath? Thanks in advance. EDIT: for clarification, only the half bathroom doesn't have a permit. The rest of the house does [link] [comments]  |
| Posted: 05 Jan 2019 06:46 PM PST |
| Posted: 05 Jan 2019 12:23 PM PST We found a home we love that's in our price range. The selling team is a mother, son, and daughter-in-law. The mother is a partial owner of the house, so the selling agent is the son. Our realtor is the daughter-in-law. Here's where it gets tricky. The DIL knows what the house will sell for because the mother owns the majority of the home. Yet, she promises to get us the best deal possible. I find it hard to believe we're actually going to get the best deal because her mother still wants to make $$$ on the deal. Should we find a realtor who is unrelated and unbiased? [link] [comments]  |
| Ways to go about refinancing for a new house purchase? Posted: 05 Jan 2019 04:47 PM PST In essence, my wife and I are looking to buy a new house that will be our long term home (the home we're in now is not going to cut it for kids/distance to work) and then subsequently rent out our current house (in a great rental area/market). Our house has $160k left on the mortgage and is worth +-$215. I'd be interested to know what our options are for approaching this type of situation. My wife and I both have good credit and are self-employed. [link] [comments]  |
| How do I know if this is an ethics violation (Pennsylvania) Posted: 05 Jan 2019 04:40 PM PST Closed a month ago. Walk thru went fine — sellers son was there so it was hard to really check on things — GFCI outlets were to be installed by a licensed electrician. GFCI outlets were there physically — but there's really no way to check. Plus, invoices were to be provided. Day of closing — the listing agent attended on behalf of seller but with all the paperwork I was too distracted to remember to ask (my agent couldn't attend). Listing agent SHOULD HAVE volunteered them, he didn't. Get to the house & shocker the GFCI outlets don't work, but also now outlets along the line and in the room above don't work. Notify my agent & we spend two weeks trying to get the invoices. During that time I learn the one invoice for the chimney flashing can't be verified — agent is buddies with one of the employees & he just threw the scope of work on a piece of paper and wrote $1200 on it. No check copy was provided either. I press HARD on this issue & come to find it was actually "in kind". Seller agent agrees to pay for electric. I proceed to get my own quote for the GFCI & other potential damages. I fwd to my agent & she lets me know the listing agent is now questioning the cost. I have to proceed & am under good understanding of the sellers breech of contract. I also had a very pointed conversation with the listing agent & he admits the work likely wasn't done by a certified electrician. Shocker. Question: what, if any, violations are there by this listing agent? I'm fed up & ready to play hardball. I've been far too patient for far too long. [link] [comments]  |
| Taking Zillow images for a showsheet (buyer side)? Posted: 05 Jan 2019 11:48 AM PST In short I don't have the ability to create show sheets like I used to. My broker has a showsheet generator you can manually enter pictures and info. Are there any ethical issues with taking the pictures from Zillow and creating a showsheet with mine and my brokerage's info on it for a buyer before I show them a place? It doesn't seem like the best practice but I don't think there is much wrong as long as I only use the pictures to help sell the place. [link] [comments]  |
| Need help with a purchase and sale agreement Posted: 05 Jan 2019 02:51 PM PST Hello all, I'm in the process of purchasing my father in laws house in a gift of equity situation. Since we are not using a realtor I need some guidance on drafting a purchase and sale agreement ie what all needs to be put in said agreement, was also hoping to find a template I am able to edit as I have only been able to find templates that can only be edited in certain areas. Any help/ advice would be greatly appreciated! Thank you [link] [comments]  |
| Advertising a property from abroad Posted: 05 Jan 2019 02:42 PM PST Hi, Thanks for any help in advance. If you have any insight or suggestions help would be appreciated. Cheers. [link] [comments]  |
| Buying foreclosure at courthouse? Posted: 05 Jan 2019 07:04 AM PST Hey guys. There is a home I am interested in that is foreclosed on and will be auctioned off at the courthouse. I've never purchased a home this way and am a little clueless on how to do it. The terms are $5k due at auction and full amount due by next day. Here are my questions.
[link] [comments]  |
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