Agents: What % of your income goes towards marketing? Real Estate |
- Agents: What % of your income goes towards marketing?
- TX: Are these red flags? First time home buyer seeking advice
- Documents required to start the sell process (Maryland)
- I'm aiming to buy a house in 1 to 1 1/2 years, I need help planning
- If making offer on 2 adjacent lots in Texas, is it necessary to do 2 contracts or can you just write in both lot addresses and lot numbers?
- Investing in rentals instead of buying a home?
- First time selling a house, need a reality check
- How much impact can a good Realtor make when buying a house?
- Want to buy a house but not sure if I can with my situation?
- Need help with loan info
- First time home buying tips?
- Real estate and self driving technology
- Why flip?
- Real Estate as a foreigner (Question for Europeans)
- Seeking advice on splitting a property
- Property Line Issue (TX)
- Keep the albatross or ditch for a loss? Financial analysis
- My ex loves in my house. Can I claim it as if she is renting? (FL)
- What's an AIR lease?
- Best Mortgage Company for Houses Under $100,000?
- Seller accepted lowball: how far can I press my luck with post-inspection requests?
- Moving in one month later than on occupancy clause
- Using equity to buy a second property.
| Agents: What % of your income goes towards marketing? Posted: 03 Feb 2019 08:37 PM PST Realtor here (Los Angeles). Doing my 2018 taxes and calculated that roughly 15% of my total annual income went towards marketing -- Including direct mail, internet, photos, video and other misc marketing opportunities. A couple of top producers I've met over the years say they spend around 25% of their total income on marketing. How about you? [link] [comments]  |
| TX: Are these red flags? First time home buyer seeking advice Posted: 03 Feb 2019 05:04 PM PST First time home buyer in Dallas area to look for a house to reside. Now we are interested in one house: Listing price 475k, 4 beds 4 baths, 4,000 sqft, 9,000 sqft lot, built in 1998. All schools have over 7 score. Over 80 days on the market. Haven't obtain seller's disclosure yet. Question 1: is over 80 nearly 90 days on the market a red flag? Q2: does the seller have to disclose the flood history, if there is any? Q3: if the roof never been replaced since its building, is it OK? Q4: the heater and water tank is in the attic, which looks very messy. We were told those are insulations. But we saw other house's attic with water tank are organized. Is it a problem? Q5: how to make sure the neighborhood is good? Are there ways to approach the neighbors to chat? We didn't have the chance to talk with any neighbors. The roads are clean, trees are at both sides. It seems nice. Q6: Before making an offer, should the realtor or should we ask the realtor to run some comps? Q7: what are the homework before making a reasonable offer? I appreciate any suggestion. Thank you very much. [link] [comments]  |
| Documents required to start the sell process (Maryland) Posted: 03 Feb 2019 09:13 PM PST I'm currently out of the country and have been renting out my house. The tenants recently informed me that they would like to buy the house. What old/original documents will I need to provide to start the process. I think I might have a soft copy of some and some of them I can get online. I do plan on being there for the closing but I don't want to have to make a separate trip just to the United States to go through my storage unit to find hard copies of some of the original documents. [link] [comments]  |
| I'm aiming to buy a house in 1 to 1 1/2 years, I need help planning Posted: 03 Feb 2019 02:34 PM PST My sister and I aim to save at least 15,000 or more before we buy a house (We have about 4,000 saved for now). I only make 30,000 a year, my sister makes about 22,000 a year , and we're planning to buy together. Our mom, dad, and our other two siblings will be living with us in the house (asian family), and this will have to be our "forever home". Say we are looking at a 180,000 house (and we are), and our credit is excellent. What would be the minimum down payment we'd have to pay to be approved for a mortage? We want to pay as little as possible downpayment. I don't really know how to start/prepare when it comes to our ultimate goal of buying a decent house and what things to keep in mind. We're pretty smart with our money, and plan to be smarter with it because we really need a house for our family and dogs. [link] [comments]  |
| Posted: 03 Feb 2019 07:29 AM PST |
| Investing in rentals instead of buying a home? Posted: 03 Feb 2019 04:42 PM PST This is my first post in here. I am a licensed real estate agent in Texas so I have knowledge of basic real estate principles. My question is why is the majority of the advice out there for someone to buy a home instead of buying rentals and getting cash flow and ultimately letting that income pay their rent? I've always heard that owning a home is considered a liability and investing in real estate is an asset. I understand that owning rentals comes with liabilities as well, but I feel like adding an asset instead of a liability would always be the better approach. However, I never really hear this recommended. Also, I plan on doing this so I'm basically looking for any gaps in the logic of this approach. [link] [comments]  |
| First time selling a house, need a reality check Posted: 03 Feb 2019 10:02 AM PST Currently angry and frustrated at myself, realtor and buyer. Like the title said I am selling a house for the first time. It's an unfortunate situation, I purchased the home in coastal Ga in 2006 for 140k. The home was built in the 1980s. I did cosmetic upgrades - wood/tile floors, new tubs, vanities, white kitchen cabinets,counters, stainless appliances, doors and windows. Work transferred me in 2010 and as we all know the market fell in 2009 , there was no way I could sell. I found a property management/realtor and rentered it out. Over the last 9 years I have mostly been happy with property management but last 2 yrs some issues have come up. Still it was easier to have them list the house when I was ready to sell. I told my realtor I was thinking of a 149k list price, she showed me some comps and recommend 159k. I was thrilled and we listed the house in October. We had at least 2 viewings a week, but no offers. I asked my realtor about feed back and she said it would be on the showing time app - but there wasn't any. I googled and found this wasn't strange, if an agent shows 5 or so houses a day they forget about the feedback. We get to the end of Dec. with no offers, I questioned my agent again, she said people were scared off by the age of the roof. The roof doesn't leak, but is about 20yrs old. So we discussed reducing the price. I offered to go to 150k but she said 157k should be fine. The first 3weeks of January we had no viewings. I told her reduce the price to 149,900. On January 24 she emails me with a verbal offer ( I am in VA). They offered 147k, seller to replace roof,5k in closing costs, home warranty and replace fence gate with double gate. My agent said it was a great offer. I countered with 149,900, 5k credit towards the roof nothing else. My agent said she would present it, but they would probably walk. They came back with a 152k offer, 7000 to a local roofing company to replace roof at closing, 5k closing costs, home warranty and double gate. I went back with a $500 price reduction towards gate (151,500 purchase price), the roof replacement and agreed to a home warranty not to exceed $600. It was accepted. Now they have done the home inspection and submitted a list of repairs that includes things like , recaulking, possibly need to replace seals in bathroom faucet, replace blown light bulbs, replace wax toilet ring and general maintenance on the HVAC. I have until 5 Feb to reply. Friday I told my agent no to all repairs, the home warranty would cover any issues with the HVAC and everything else was really nothing a buyer shouldn't expect from a 30yr old home and the replace blown bulbs actually just pissed me off. She replied back to me yesterday that she got an estimate to fix everything except the HVAC would be $500 and I should think about it. [link] [comments]  |
| How much impact can a good Realtor make when buying a house? Posted: 03 Feb 2019 09:09 PM PST I'm looking at buying a house before May and I'm relying heavily on my parents help. Right now I'm living in Las Vegas which has very high rent and somewhat moderately priced houses. Technically I'm only making 39k a year, however, I do have a very small (like 2%) ownership in my parents company and make anywhere from 10k-70k a year depending on a few different factors. I don't see that money, but it does allow me to get a higher loan amount. So while I have more leeway, I'd prefer to look for cheaper houses than my parents want. My parents are offering to pay my down payment at whatever cost and want me to look at houses around the 250-300k range. Their Realtor/friend is acting as my realtor as a family favor, and my dad is insisting that she'll be able to cut off at least 20% of asking price and that's she's very good at negotiating prices and is pretty much a shark. I know she's a fantastic realtor and she usually doesn't do any work with houses below the millions, but does that really matter? How much can a good realtor impact the price negotiated? If it makes a difference, the area is a very popular and fast developing area of the city. Houses are going up for sale as new developments are opening up and people are upgrading. [link] [comments]  |
| Want to buy a house but not sure if I can with my situation? Posted: 03 Feb 2019 09:02 PM PST I live in an apartment with my son and boyfriend in Texas near Houston. We were hoping to rent a home with a yard when our lease is up but it looks like we are signing for another year because it's the cheapest option right now and we are considering buying a home instead on the next go around. My boyfriend's credit score is 635 and I currently do not have credit though I do have years of renting history and so does he. I want to take this year to work on our credit and save. I'm planning on using our tax return as a jumpstart to saving towards a house and beginning building my credit by putting money up as collateral and taking a loan at my credit union then possibly applying for a credit card. I'm worried with our son being so young and me still being in school (Mostly covered by FASFA so no crazy expenses...for now.) That we won't have too much of a savings when it comes to seriously start looking. Is a year too short to do this? Should we plan on staying in an apartment even longer? Or should we rent? We do want the next place we live in to be the last for some years. I'm just worried about renting somewhere we love and rent going up when resigning the lease over and over. Are there programs to help young families that have good credit but no down payment? [link] [comments]  |
| Posted: 03 Feb 2019 06:34 PM PST |
| Posted: 03 Feb 2019 02:06 PM PST I (24M) am looking to buy a Condo in San Francisco. First time going at this. I'm looking in the 700-800k range (~600-700sqft). I'm in the very beginning steps and don't even have a realtor yet. Wondering if there's any tips from people that know about real estate in the area or first time home buying in general. Thanks! [link] [comments]  |
| Real estate and self driving technology Posted: 03 Feb 2019 10:00 AM PST Do people anticipate a massive downward price impact to the real estate markets on big cities due to increasing presence of self driving cars? [link] [comments]  |
| Posted: 03 Feb 2019 07:29 PM PST Why thought? My plan is to house hack a multi family for my 1st property within the next 18 months. Would be awesome if you could share your story of how,why you got into the flipping business and advice for a newbie! [link] [comments]  |
| Real Estate as a foreigner (Question for Europeans) Posted: 03 Feb 2019 03:06 PM PST Hello, I am looking to relocate my inherited real estate assets. I have good expectations for specific cities in countries like Bulgaria, Romania etc. I am European Citizen, however I have never been in neither of those countries. What should I be aware of , where can I find more information about the procedure of buying real estate in Bulgaria, Romania as a foreigner? Best regards [link] [comments]  |
| Seeking advice on splitting a property Posted: 03 Feb 2019 11:18 AM PST Does anyone have advice on splitting my 1.5 acre lot with the intent of selling the .75 with the house & the other as an empty .75 lot. I owe $77K to Chase. The house was bought in 2016 for $130K. I completely renovated it with the intent to live here for many years; but plans changed & I'd like to sell. I'm curious if anyone knows how it works with regard to the mortgage. Thank you! [link] [comments]  |
| Posted: 03 Feb 2019 08:47 AM PST I have new neighbors and they are very nice people, but the first thing mentioned to me upon introduction is that our fence is 2' into their property. They are renovating and said that their contractor indicated to them that an electrical box that is on our side of the fence should be on their side of the fence. Moving the fence would reduce our already-small backyard by at least 80 square feet. At the advice of my RE agent/friend, she said to look at the survey and the lines look to match where our fence is located (and with the electrical box on our side of the fence and, thus, property); I haven't measured it out, however. What should our next steps be? I don't want to sour a nice relationship with my neighbors but want to ensure that we do not lose any property that may be rightfully ours. I do have access to a legal service so I plan on reaching out this week, but wanted to get all of my ducks in a row. [link] [comments]  |
| Keep the albatross or ditch for a loss? Financial analysis Posted: 03 Feb 2019 09:42 AM PST Through a series of unfortunate events I came to own a house in Portland OR, then two years later took a job out of state. I paid $380k, my mortgage is 2100. The job pays such that I can easily cover the mortgage and a rental in my new city, but obviously there are better things to do with my money than pay for an empty house, like set it on fire, etc. I'm faced with Three options:.
Arguments for renting:. Arguments for selling: 1. Can't qualify for mortgage in New city with the outstanding mortgage on the books...I don't think. 2. Operating at a net loss every month (mortgage > rent received for at least the next 5 years (at which point a refi might lower my payment enough to make it balance out. Edit: I should specify that my new city is Seattle, a 2.5 hr drive away. I can check on the house in an afternoon if need be [link] [comments]  |
| My ex loves in my house. Can I claim it as if she is renting? (FL) Posted: 03 Feb 2019 09:36 AM PST Tax season is here and I am wondering if there is any way I can make some claims on a house I am paying for and my ex is residing in while going through a divorce that has dragged on for almost 2 years. [link] [comments]  |
| Posted: 03 Feb 2019 01:09 PM PST What's an AIR lease? Commercial leasing agent mentioned an AIR lease, and it's the second time I've heard it this week. The deal is in CA, which isn't my stomping ground. [link] [comments]  |
| Best Mortgage Company for Houses Under $100,000? Posted: 03 Feb 2019 01:09 PM PST I am in South-West Florida and am looking for cheap properties that need work. I was really interested in a company called RP Funding. They pay off all closing costs so that would save quite a chunk of money. However, the minimum mortgage they offer is for $83,000. Are there any other companies that specialize in cheap mortgages that also offer to pay closing costs or any similar perks? Thanks! [link] [comments]  |
| Seller accepted lowball: how far can I press my luck with post-inspection requests? Posted: 03 Feb 2019 01:04 PM PST I lowballed a seller by about 5%, and asked that they cover closing costs, and they accepted! The house has a load of "marginal" issues that I'm perfectly comfortable dealing with and 3 things that are bigger problems, but not structural. One of these things is a cracked stove top (electric, glass surface), rendering it mostly unusable. Considering they accepted a lowball offer, am I pushing my luck by asking for a new oven? If I ask, what's the worst that could happen? Can they cancel the PA? [link] [comments]  |
| Moving in one month later than on occupancy clause Posted: 03 Feb 2019 01:02 PM PST My wife and I are first time home buyers. We just closed on our home and are supposed to occupy it as our primary residence within 60 days, but we're not planning on moving in for about 90 days. How serious an issue is this? Should we do everything we can to make the move on time or can we get away with being just 30 days late? [link] [comments]  |
| Using equity to buy a second property. Posted: 03 Feb 2019 08:42 AM PST Hello, This question probably varies based on location, but I wanted to get a general idea of how people go about this method of increasing their real estate portfolios. Lets say I have a condo that is market value 300 and my mortgage has 150 principal left on it. That is 150K in equity that I can take out as a line of credit for lets say a house. While paying off the mortgage for the house, I would also need to pay back the loan for the LoC, and collect rent on the condo to pay the mortgage on the condo. What is the strategy for paying back the LoC? Do you need to make enough income to cover the mortgage + minimal LoC payments (assuming the rent covers your condo mortgage) for the bank to give you that second mortgage? [link] [comments]  |
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