Are Zillow's reported property taxes accurate? Real Estate |
- Are Zillow's reported property taxes accurate?
- Manufactured home
- Our agent under contract personally made and offer, then resold for 25% more within a year and a half, with no changes. Did our realtor scam us for personal gain? US-AR
- How long can a builder hold empty lots for?
- (US - Indiana) First time homebuyer - furnace couldn't keep up - not sure what to do
- (Top Down) Investment property selection
- Which one of these cities offer the lowest property tax for a first time home buyer with a 30 yr mortgage?
- Best website to find current condo rentals?
- Can I be a part time agent to start?
- USDA Loans: Has anyone experienced longer waiting time for closing or approval since the GOV shutdown?
- What are some VA loan hang ups you’ve dealt with while in escrow?
- Buying a house using 401k
- Smaller house in the best neighborhood.
- First time buyer, offer accepted but losing sleep over appraisal
- Negotiating
- "Best case scenario" for entering real estate sales?
- Best/Bang for buck home builders?
- Passing the national portion of the RE salesperson Exam
- Invest in raw land for timber. Thoughts?
- Difference in property tax?
- No down payment on rentals...
- How does financing differ for multi-unit properties? [OR]
- [UT] Building a home through a builder - Negotiations? Realtor?
- HOA Reserve Funds - Inspection for 3-Unit building?
- Putting money down: Exact $ amount of exact %?
| Are Zillow's reported property taxes accurate? Posted: 04 Feb 2019 05:44 PM PST I'm trying to get a sense for what I might pay in yearly expenses and have looked at Zillow for the property taxes on candidate homes. I'm starting to wonder if they are accurate. I found a house that is listed at $170k. It says the property taxes last year were $2,480 on an assessed value of $68,650. That works out to a property tax rate of more than 3.6%. But the county rate and the town rate, found elsewhere online, put the property tax rate at 1.48% or 1.68%. What's going on? This isn't the first time that I've found the property tax amounts shown on Zillow to be far higher than I expected. [link] [comments]  |
| Posted: 05 Feb 2019 12:16 AM PST Why are manufactured homes not placed on a permanent foundation? And what kind of foundation are they placed on? [link] [comments]  |
| Posted: 04 Feb 2019 10:23 PM PST We lived one block from a university in central Arkansas area and the realtor that got us into the home five years earlier called out of the blue to ask if we were interested in selling, because of general interest by buyers. We discussed it and decided to put the house on the market. Before representation papers were signed the first offer was made, before it was listed, by another realtor in his office for ~125k (Paid $95k five years earlier so it was a good gain). Our real estate agent contract was signed in a rush to move forward with the offer but the offer was rescinded by the buyer for personal finance reasons a few days later. Then OUR agent made an offer for $115k promising that our net would be the same as the original offer we received since he was "forgoing his commission to net it out." The house still hasn't been listed publicly at this point but he insisted that it was the right range for this area and we wouldn't find better offers. The house was never listed on the market publicly. It was less than one month from the signing for agent representation to closing for $115k with said agent. After the sale, within a year and half they removed the high end appliances in exchange for low end appliances and gave it a paint job. No other changes. A year and a half later they sell it for $141.5K, netting he and his partner $26.5k in profit. The fact that he didn't make any changes to the home but significantly marked up the sale price, in a market that hasn't changed much, makes us think that he undersold the value to us for personal gain while under contract as our agent. Is this legal or are we just a couple of saps, or both? [link] [comments]  |
| How long can a builder hold empty lots for? Posted: 04 Feb 2019 05:01 PM PST I'm looking at buying a new build home. The community I'm looking at is a big one, and currently has a mix of occupied homes, spec homes (move-in ready) and empty lots. There are several builders but most of them have already been there for 2~3 years, and now they're just very slowly releasing new phases. I used to work for oil and gas, and when you get an acreage, there's a law that you have to invest a certain amount of capex (drill new wells) within certain years, or else you lose the acreage. This is to prevent companies from simply get acreage and leave them deserted until the oil price goes up. I know it's a different industry but I imagine real estate should be similar? - because if not builders would just buy lots of land and keep them off the market to wait for the price to go up? (even control the market by limiting supplies) I live in Canada (Ontario) and the market is now cooling down. If my assumption is correct, I imagine as the builders run out of time I can probably get a very good price? Anyone has experience in this? Thanks! [link] [comments]  |
| (US - Indiana) First time homebuyer - furnace couldn't keep up - not sure what to do Posted: 04 Feb 2019 01:00 PM PST Hi everyone, I am a first time homebuyer and we put in an offer on a property with an old heater. This is a 1970s gas wall furnace that has no fan - it's basically a big gas radiator. During the inspection, the temperature outside was about 9 degrees and the furnace was turned all the way up and the house wasn't warm enough. My real estate agent told me that the seller verbally said they aren't going to install a new heating system but will install baseboards if needed. I am not sure if asking them to replace the furnace with something more modern is reasonable. I can answer any questions if you need more info. thanks for reading [link] [comments]  |
| (Top Down) Investment property selection Posted: 04 Feb 2019 07:25 AM PST Hi All, I am just starting out with the real estate investment process. I work in the investment world so understand a reasonable amount of finance. In the trading world there is something called the top down approach to selecting a company. You first looking at big picture things and determine what industry/country/sector you want to invest in (which you predict will perform well in the years ahead) then look at the companies within that area to find the best ones. I feel this is also a sound approach to finding a good investment property. For example, the house should be in an area which in the next 30 years you expect or predict income growth for the residents, house price inflation, and job growth in the area (maybe also crime decreases and other area improvements) The question I am coming to are there any tools or services out there that help make these predictions? Maybe on a county by county bases in each state? This would be fantastic knowledge to have. Thanks! [link] [comments]  |
| Posted: 05 Feb 2019 03:00 AM PST Scottsdale, Arizona. El Paso, Texas. Tampa, Florida. Birmingham, Michigan. — A little about the situation: Home price: 392k Specs: 1739sqft Specs: Pool in backyard A single family home with only a basement and main floor, no upstairs. 3 beds 2.5 bath Finances: Dink couple, neither are veterans, mortgage through chase for 30 years. Background: We are leaning more towards El Paso and Scottsdale. El Paso may actually come ahead and become home. There are a lot more opportunities for our careers in Scottsdale but El Paso serves cheaper real estate and more lots to build on than Scottsdale if we ever decide to build a bigger home. Tampa and Birmingham is our original respective homes but they're too expensive and honestly do not fit our laidback lifestyles. Birmingham is in the cold as well. We could live in Tampa but we're not really that attached to the area, because well... It's in florida. We rather be on the west coast. I am not a nurse yet but plan on becoming one. He's an engineer, he's already been in the industry for three years. If I finish my degree, we could pull in around 180k annually. Alright, thanks. [link] [comments]  |
| Best website to find current condo rentals? Posted: 04 Feb 2019 04:44 PM PST I'm looking for a condo rental and am finding that all of the major real estate websites like Zillow, Trulia, etc. are flooded with listings for units that are no longer on the market. Apparently no one on these sites conduct regular checks to see when a unit is rented so it can be removed from the site. And I suspect that some agents leave listings up after they've been rented as a way to find new renters and try to get them into something else. All of this makes these sites useless and a waste of time IMO. Can anyone suggest other websites that have up to date, current rental listings? By the way, I realize agents have the latest info and I'm actually working with one, but I'd still like to view listings on my own if possible. [link] [comments]  |
| Can I be a part time agent to start? Posted: 04 Feb 2019 05:40 PM PST Hello! Over the past few years I've really been considering a career in real estate and I finally think I'm ready to pull the trigger. I am very excited to start learning more about real estate and working in the field however I need some advice and opinions on being a part time agent for a little while. I work full time and make a comfortable salary and I know it takes time to establish yourself and eventually make money in this industry. Is it possible/plausible to keep my full time 9-5 and work real estate part time on nights and weekends until I can get some momentum in my local market? I'm not entirely comfortable with the prospect of dropping my full time job for another job where I may not make any money for several months. I'd like to work in real estate full time but also hope to be able to keep my full time job to support my family until I can establish I client base and make somewhat of a name for myself. Thanks for the tips! [link] [comments]  |
| Posted: 04 Feb 2019 04:13 PM PST |
| What are some VA loan hang ups you’ve dealt with while in escrow? Posted: 04 Feb 2019 03:28 PM PST |
| Posted: 05 Feb 2019 12:32 AM PST Hey I have been saving 20% of my income into my 401k... I don't have as much money into my savings account like 10k... but I have 50k in my 401k... If I am allowed to take 25k out, could I use it as a down [link] [comments]  |
| Smaller house in the best neighborhood. Posted: 04 Feb 2019 08:44 PM PST I'm looking for an outside perspective. I think I found a great deal, but is there anything else I should consider? After lots of changes this past year, I'm thinking of finally making a move on a purchase. I've been searching for a few years and I'm glad I waited it out til after having a baby, so I have a better idea of what I need. My most important factor in a house is its location. First time buyer and as a single parent, my max budget for a house is $160k. The target location is a really nice neighborhood that is friendly to walkers and young families. The houses are on the larger side and are well-maintained. Clean lots and the newer homes are pretty in-demand at $200-350k. There are some older homes in the neighborhood and one, for instance, a 1900sqft, 1977 brown brick home took almost a year to sell at $130k. What I hoped for was: great location; 1995 or newer; 3bd, 2ba; 1500sqft +, slight vaulted ceiling; plenty of outdoor space; large kitchen; bedrooms greater than 10x10, and at least one window in every room. Apparently, these are about $100k over my budget... go figure! What I came across is: a small, older home in my target neighborhood on a double lot; stick-built home from 1988; 3bd, 2ba; 1300sqft, 10ft ceilings, plenty of outdoor space; very small corner kitchen, but with big windows; large bedrooms; bathroom does not have window. Pro: Its listed at $150k and is on a double lot; Con: its older, small and has an enclosed patio that blocks light coming into the living room and master bedroom :/ I'm feeling inclined to pull the trigger. Admittedly, the house feels a little small, but its just myself and my kid. The HVAC and electrical checkout; the shingles are decent; I don't see any sign of termites. Its just a garage door that doesn't lift, small kitchen, little funky cosmetics here and pretty old fixtures. I think of Fixer Upper, "buy the worst house in the best neighborhood," but does anyone have input on this situation? [link] [comments]  |
| First time buyer, offer accepted but losing sleep over appraisal Posted: 04 Feb 2019 06:10 AM PST I honestly don't know if this is silly or not, but how often do appraisal's come back higher or lower than the accepted offer? Buying in MA and put in a bit over what my realtor said he thinks the true value of the home is since there about 11 offers and we were in the top 4. We weren't the highest offer but still ours was taken. [link] [comments]  |
| Posted: 04 Feb 2019 04:32 PM PST My wife and I are looking at buying our first home. Our budget is currently at 180k as I'm the only one working in a family of 5. Not knowing how negotiations work and not wanting to low ball the sell...my question is, with the following house listed at 196,500 and on the market for 81 days now, what is an appropriate offer to make MLS# – 8486176 [link] [comments]  |
| "Best case scenario" for entering real estate sales? Posted: 04 Feb 2019 10:25 PM PST 40 yo in NYC, leaving one career and starting another. Should have my sales license in a month, and I would love some advice on where to go from there. What's the "best case" for getting into things? I feel like finding a mentor is ideal, or being hired by a brokerage that is good at mentoring.
Any advice would be most appreciated. Thank you! [link] [comments]  |
| Best/Bang for buck home builders? Posted: 04 Feb 2019 06:34 PM PST Hey everyone! So I've been helping quite a few people who have reached out to me and other members of my community in regards to building our homes in our neighborhood and this got my to doing quite a lot of research recently. The best quotes I've got around building our homes brand new top to bottom so to say are $125-150/sq ft. We've all decided or budget is $75/sq ft. Any advice/suggestions on landing a solid deal? [link] [comments]  |
| Passing the national portion of the RE salesperson Exam Posted: 04 Feb 2019 06:11 PM PST Hi all! I know not everyone on here is a licensed agent, but I'm currently re-studying for my RE national Exam. I passed my state portion with flying colors and now it seems like I've hit a massive road block when it comes to having to re study for my National exam (missed by 1 the first time around) do any of you have any helpful techniques to help a guy out? Much appreciated [link] [comments]  |
| Invest in raw land for timber. Thoughts? Posted: 04 Feb 2019 06:08 PM PST |
| Posted: 04 Feb 2019 09:05 PM PST Looking to move from Beaumont CA to Riverside CA. where can I see the difference in property tax yearly? I paid over $8000 in tax last year would there be a big difference? Where can I go to get accurate numbers? [link] [comments]  |
| Posted: 04 Feb 2019 08:59 PM PST Hey, I might need the wisdoms of some of you here.. So my parents are liquidating some of theirs RE assets for retirement purpose. A really nice duplex and also they want me to buy a pourcentage of the triplex my dad builded 10 years ago (33%). Both of them are high quality rentals/construction in a very good location. Upkeep cost is minimal. In a typical scenario with 20% down, both of them would be cash neutral. The things is, I can make it work with 0% down since they are my parents properties (just need a donation letter and change some numbers). In this scenario I would be cashflow negative, but I wouldnt have to touch my house equity of 60k as a downpayment and I would use it instead to make another (and better) deal. I ran some numbers and it would cost me around 5k yearly (10k if interest rise to 6%), for a total worth of 600k in rental properties at current value). I make a good salary so I can cope with those payments. My goal is to grow a solid portfolio of RE and retire early. Thanks for your advices. [link] [comments]  |
| How does financing differ for multi-unit properties? [OR] Posted: 04 Feb 2019 11:08 AM PST I'm interested in buying anything from a duplex to an apartment building with ~6 units, and I would be buying this as both my primary residence as well as an income property for the remaining units. Let's suppose I can afford a normal 30 year 400k mortgage on a single family home. What differences would I see in financing for larger multi-unit properties? Does it make a difference that I'd be using it as my residence? Does the debt-to-income change to include the theoretical income from renting units, allowing a larger loan? interest rate differences? loan length differences? [link] [comments]  |
| [UT] Building a home through a builder - Negotiations? Realtor? Posted: 04 Feb 2019 08:46 PM PST My wife and I have chosen a home and options we are interested in. We have not signed anything yet but we know what we want.
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| HOA Reserve Funds - Inspection for 3-Unit building? Posted: 04 Feb 2019 04:48 AM PST Hello! Live in a major metro city in a three-story walk up building built in 2013. Each unit is one floor and approximately 1,500 SF. Common area includes a back metal staircase to each unit, garage and front indoor stairway in the entrance way along with a tiny front yard. Trying to understand how people determine appropriate reserve fund balances. With a small HOA like this I think a reserve study would be overkill. Perhaps an inspection of the common area would be worthwhile? What percentage of HOA fees typically goes toward the reserve account vs. operating account? How often is tuckpointing usually done? I can name a few items that need to be taken care of in the next few years, including: - Repairing front iron fence that shows some sign of rust/wear. - Attend to efflorescence build up on portions of exterior brick. Would really appreciate all thoughts! [link] [comments]  |
| Putting money down: Exact $ amount of exact %? Posted: 04 Feb 2019 08:14 PM PST Hey guys, sorry if this is a dumb question but I'm having trouble finding an answer. My wife and I are looking to buy our first home soon. The loan program we have requires 3% minimum down payment. However, we'd like to put as much as we can into the down payment. My question is, do down payments need to be exact percents? Like does it have to go in increments, like 3%, 4%, 5%, etc... or can I choose exactly how much to put down, to the exact cent? Or in other words, if a 3% down payment on a 200k home was equal to $6000, could we put down $6353.56 cents if we wanted to? Or would we have to jump to the next percent, which would be 4% or $8000? thanks! [link] [comments]  |
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