How to go about the discussion of asking my landlord to buy the house i am currently renting Real Estate |
- How to go about the discussion of asking my landlord to buy the house i am currently renting
- Do you get an inspection on a gutted house
- Disabled children in a senior housing
- I currently work with ReMax and recently we have had a couple agents leave to join EXP Realty. Anyone out there working with them or have any info if it’s as good as it sounds. I like the cloud base structure with no brick and mortar and the splits sound great.
- How importance is appearance as an Agent?
- Seeking Advice. Naive first timers bought a POS house and don't know what to do.
- Listing and selling agent
- Brand new agent. What’s the best brokerage for part time work?
- Should we buy the property before or after marriage?
- Any advice for a struggling Agent [Florida] [Tampa Bay]
- Bank statement loan programs
- Unsolved issues of interaction with customers
- some lingering process questions from a first time buyer
- Homes with Minimal Maintenance
- Advice for selling a bar/tavern in New Jersey
- Unreasonable repair request?
- Job changes and looking to sell. Been living under a rock with 2 small kids at home. What is the real estate climate like? Is it a good time to sell in general? I live in the upper Midwest. TIA!
- Offer on my Home, accept?
- After 3 months, want to buy a 2nd house, both with FHA loans
- can you view the same house with different realtors? some questions about how realtors work with me
- Fuzzy friend or foe?
- Considering purchasing a home that is approaching 200 years old. What should we look for?
- Need to move, but now owe more than estimated sale price. What are my options?
- I’m still active in management of our real estate but work a full time job. It would be so much easier to simply just claim 1099-MISC net income and be done with it but seems better to itemize it via Schedule E. What else are my options? What is the best tax strategy?
| How to go about the discussion of asking my landlord to buy the house i am currently renting Posted: 24 Feb 2019 11:17 PM PST Backstory: I moved into this rental with a short lease agreement, because the landlord wanted to sell the house in the spring. I am currently working on getting approved for a mortgage. My question is how do I bring up the question of asking how much they want for the house, and also get the best deal possible. Thanks you [link] [comments]  |
| Do you get an inspection on a gutted house Posted: 25 Feb 2019 02:27 AM PST |
| Disabled children in a senior housing Posted: 24 Feb 2019 01:23 PM PST I'm disabled living with my parents who are seniors. Can I live with them if they buy a house in 55+ housing in New Jersey [link] [comments]  |
| Posted: 24 Feb 2019 06:05 AM PST |
| How importance is appearance as an Agent? Posted: 24 Feb 2019 09:58 PM PST Hey, I've been wanting to become an agent for the past year and am almost done with my classes. I know how hard the first years will be and all that and I'm fine with all the cold calling, etc tactics I need to do but I'm not sure how to approach the "appearance" factor. I'm really into personal finance and try to save money whenever possible. Not cheap, but I rather save the extra 20$ buying a simple shirt or buying an old car that gets me from point a to point b. I've heard as a real estate agent you have to have nice suits and new cars in order to keep a good appearance. (Currently driving a '99 cavalier) Not that I'm against spending money on necessities or professional products, just don't want to buy a new car or new wardrobe if not needed. If I have to buy a suit or car (open to leases), any recommendations on what? Any feedback is appreciated, thank you. [link] [comments]  |
| Seeking Advice. Naive first timers bought a POS house and don't know what to do. Posted: 24 Feb 2019 11:16 AM PST End of 2017 my brand new wife and I moved into our first home. We were shopping in a neighbourhood we already lived in, two story homes from the late 1800's. Its close to our jobs and seems to be a neighbourhood on the rise (slowly gentrifying) in our small city. The home is walking distance to downtown and to a major university. We looked at close to 30 homes and rejected plenty based on size, poor maintenance, lack of parking, general crappiness, etc etc. We bid on two or three which we lost to a higher bidder. After almost 10 months of searching we found our current home. It was not my first choice as it is sided and I wanted a brick home. But my wife liked it, it was somewhat charming, if small, but it has a largeish backyard for the neighbourhood and a detached garage in the lane which can hold our two vehicles (a rarity in the neighbourhood). The house is a 3 bed 1.5 bath two story sided house with a small porch, built in the 1880's. $405,000 asking which was over our initial budget but we had seen so much crap we thought we might have to fork out a bit more. We viewed it twice(in the summer) before submitting an offer. The house had been on the market for perhaps 100 days so we decided to submit our offer at $375,000. It was accepted. We had our inspection and the guy told us: boiler, water tank, water main and sewer will need to be replaced in the next 5 years, OK. Other items of some concern were that the neighbours house which is very close was touching ours at the eaves. I greatly underestimated the importance of this. Also he told me my downspouts needed to be captured and routed away from the foundation. We moved in November and started making some upgrades and quickly noticed something we had overlooked during our viewings and inspection. The entire house was sloping to one side, toward the back of the house. This made me very upset and depressed for a few months as I would sometimes lose my footing or balance especially when walking on the second floor. I was pissed that I didn`t notice it and no one told us. Once spring rolled around our entire backyard flooded with a foot of melt water and it was time to feel stupid for a second time. Our lot is lower than both our immediate neighbours and the lowest point of our backyard abuts a parking area in the lane which has been regraded higher at some point in the last few decades so the natural point at which our lot should drain is blocked. As the months go on and I start to look around with a more critical eye, I finally see it. My neighbour, who is less than 4 feet from our house, has let their property degrade to the point where it is a safety hazard. The stone foundation has buckled and their whole fucking house is leaning over onto ours, which is why the eaves are touching. I realized I`m a complete fool for not noticing this already, so no need to remind me. Their roof also has multiple holes in the sheeting (went up to have a look) and it is essentially rotting away. Their downspouts all piss water next to our foundations and ALL of the water ends up in my backyard because of the grade. So to summarise everything else, the house has an out of date kitchen and bathroom that I was planning to redo myself (I am a cabinetmaker by trade), but most of the interior finishes are acceptable. We already replaced our hot water tank and boiler. Our watermain is now leaking slowly as predicted and I am getting quotes to replace it and the sewer. There is a large amount of work to be done in the backyard, possibly raising the ground by a foot or more and installing a proper drain to keep the yard dry. And then there is my neighbour. I want my neighbour to get their shit together and fix their house, but they don`t seem to be aware there is a problem or care much to fix it. In terms of money put in we have spent about $15K on the mechanical upgrades and replacing floors on the second level and are looking at another $5-6K to get our water and sewer replaced. I am worried if I go too far with the upgrades it will be a lost cause because of the overall situation with my piece of shit neighbour and the fact that the housing market is slowing down. We had only planned to stay here for 5 years tops but now I`m pretty sure we will lose money unless we stay longer (which I don`t want to do- this house is making me majorly depressed). I know this post is a bit chaotic, so apologies but this situation is killing me with stress and I cant help but feel like I`ve made the biggest mistake of my life buying this house. To make matters worse we borrowed about 60K from my parents to help us meet a 20% down payment (their idea) and now feel incredibly guilty that I`ve not only wasted my own money but theirs too. TL;DR - Majorly depressed because I bought an old house with a ton of hidden and not so hidden problems and a neighbour whose house poses a threat to mine. Should I tough it out and get through all the BS to make the situation right, and stay in the house till it makes sense to sell? Or should I get the fuck out and potentially lose tens of thousands of dollars, but be rid of the stress and responsibility? Someone please help. [link] [comments]  |
| Posted: 24 Feb 2019 10:45 PM PST Came across a text stating "Traditionally, all agents involved in a real estate transaction legally represent the Seller (both the "Listing Agent" and the "Selling Agent.") When a Buyer's Agent is involved, the person buying the property is represented by the "Selling Agent,"" so can anybody clarify the selling agent legally representing the seller part? [link] [comments]  |
| Brand new agent. What’s the best brokerage for part time work? Posted: 25 Feb 2019 03:58 AM PST Just got my license a week ago. Tried applying for a real estate associate position at Redfin where you get paid per showing/open house as an independent contractor, but they are not currently hiring in my area. Is there another company I can work for part time (weeknights and weekends) that's as flexible as Redfin? Not looking for the biggest profit. Already have a daytime job and any supplemental income would be nice. [link] [comments]  |
| Should we buy the property before or after marriage? Posted: 24 Feb 2019 08:43 AM PST Both have good paying and pretty secure salary jobs with good credit.
Is my marginal difference in credit score going to hurt us on loan interest? If it does make a difference, wondering if she should pull the mortgage under her name, etc. My understanding is that in a marriage, they will typically take the lower credit score but I've also heard that loan interest rates are the same after a certain credit score as well. [link] [comments]  |
| Any advice for a struggling Agent [Florida] [Tampa Bay] Posted: 25 Feb 2019 12:19 AM PST I've had my license for over a year now. I can't get any leads and I don't have money to pay for lead services. I've tried my best to advertise myself on free platforms like Facebook and Instagram but no luck. The agency I work for is local, and I stick with them because the office fee his only $30/month and they only take $330 per sale from my commission. I'm a good talker (everyone told me I should be a real estate agent), I'm tall, 29y.o. and fairly handsome. I'm dead broke living with my folks at the moment. I'm great with computers and have been recently considering going to school for IT and give up on this real estate thing. Any advice you can give me before I do? Because I'd really like to be good at it over anything else. Thanks guys! [link] [comments]  |
| Posted: 25 Feb 2019 12:12 AM PST Hi folks, Has anyone here bought a property using a bank statement loan program? If so, what was your experience like regarding interest rate, closing costs, etc. Thanks! [link] [comments]  |
| Unsolved issues of interaction with customers Posted: 25 Feb 2019 12:06 AM PST We're building helpdesk software specific for real estate agents and we wonder if there are any gaps that our software can fill? We're going to solve issues in communication with customers through various channels, for instance, phone, email and chat and provide real estate agents with wide range of specific to your industry features like offers handling, quick creation of pre-approval letters, make it easier to create CMA reports, track listings and so on. Are there any specific to your industry software you would suggest us to integrate with, any ways to improve software you use currently in order to make it closer to you and your customers? [link] [comments]  |
| some lingering process questions from a first time buyer Posted: 24 Feb 2019 11:53 PM PST I just want to completely arm myself with as much info as possible before I actually do anything. I'm trying to be most prepared and professional for this and not to rely on people who may not always have my vested interest. Because I'm not screwing around-- im fucking buying immediately once i have a realtor and know where I want to look and exactly what i want. First a little about myself. nyc. im 27/m .single. self made. I want to buy a condo outside of manhattan. I've saved up 500k in cash, i will have no mortgage, and as much as my friends and family are trying to convice me otherwise, this is not negotiable. Post purchase, I will still have liquid assets available to me (e.g. 500k is not my entire net worth, but about 60% of it) so the questions-- 1/ this sub seems very unanimous when it comes to hiring your own agent and not using the seller's agent. doing this will provide you with another insulation from any potential unscrupulous behavior. Is my conclusion correct? 2/ some of the places I am looking at are new construction. some arent, but this question popped into my head: how does the HOA agreement function in new construction? Did the builder write it? specifically about pets. 3/ do i really need to break out a tape measurer at a showing or open house? 4/ it is completely standard to hire a inspector even if its new construction-- correct? 5/ real estate attorney- do i need one of these guys to boil down all the contracts im told to sign and hoa agreement questions i have? roughly what would one cost me in nyc 6/ i assume when i "hire" my realtor they will be able to provide me with plan as to how ot leverage my all cash purchase to my advantage. I know that there are +/- to being an all cash buyer, the only thing i want through this process is to pay a fair price and most importantly not get screwed somehow by the end of the process 7/ if i were to "negotiate" on a new construction, this sub has warned in the past that builders may be less likely to negotiate on their listing price. is this true? does the fact that the building went through presales before completion have any impact on this? [link] [comments]  |
| Homes with Minimal Maintenance Posted: 24 Feb 2019 09:32 PM PST Hi, I'm a first time homebuyer who will be attending medical school. I want to buy a house that will take the least amount of time and attention to keep up. What is the oldest home I can buy that will meet this requirement (for example, built in year 1990 forward)? What key things should I focus on to ensure that this home won't take up a significant portion of my time in upkeep? Also, I intend on working with Redfin due to technological advantages in looking at listings. Has anyone had any bad experiences with them or recommend going with a traditional broker for some reason? I'm completely new to this game so I appreciate your help! Thank you! [link] [comments]  |
| Advice for selling a bar/tavern in New Jersey Posted: 24 Feb 2019 01:39 PM PST Father in law owns a bar. he's in his 80s and wants to sell. He has a relationship with a commerical agent but after 6 months or more he hasn't brought any real prospects. If I Google taverns or bars for sale in NJ or in my county his place doenst show up. Any advice about how to find a good commerical real estate agent would be appreciated. also are there any rules of thumb about pricing a tavern? thanks! [link] [comments]  |
| Posted: 24 Feb 2019 02:24 PM PST Hello, we are selling our home in a large metropolitan market with low inventory. We were very fortunate to get many offers on our home (some strong, some stinkers). We accepted an offer a little over asking from buyers represented by our agent. (And yes, I understand how this can make things a little more complicated 😂) We knew our roof was getting up there in years and were under the impression from our agent that fact was taken into account when pricing our home. We have not had any leaks/issues with it since we lived here. The buyers also were made aware that we did not want to pay for a new roof. We are moving because we need to for financial reasons and are downsizing. However, after the inspection they made a repair credit request for $20,000(!!!) which included the entire price for a brand new roof. We were honestly taken aback - our home is priced reasonably ($50k under the Redfin estimate, for whatever that's worth), they were made aware we didn't want to pay for a roof, and the repair credit request brings down the sale price to below asking price. Why would we want to honor that request when we have so much interest in our home otherwise? It doesn't seem like finding a buyer willing to accept that would be a problem. (We have no problem giving credits for the other smaller issues that came up, though). After mulling it over we decided that in the interest of getting the deal done we would offer $10k, half their request. We were informed that the buyers were disappointed, but accepted the counter. Anyway I have no real question, except for: are we at least a little justified in being taken aback by the audacity? Inventory for the kind of home we're selling is low, and we're in a desirable neighborhood. We're miffed to be in a situation where we felt like we had to offer credits for a roof we shouldn't have to pay for. We probably could have told them to pound sand and they'd still go through with the deal, but we didn't want to be total asshats. On the other hand, we also would have never dreamed of requesting such a large credit back when we were buying our own home, as inventory was low then, too. I know we shouldn't take it personally but we're at the point where it's really hard not to :( [link] [comments]  |
| Posted: 24 Feb 2019 04:19 PM PST |
| Posted: 24 Feb 2019 04:01 PM PST My husband and I bought our first home in May 2014 when we were both 23 for $94,500 and 3.5% down FHA. We have since had two children and our home is small and on a very busy and close street. The traffic noise has been bothering me since we moved in. We have been trying to sell our home off/on over two years with no takers, most periods in time there are no showings. January 2019 hit and we've all of a sudden had about twelve showings and one very poor offer. Today I have gotten an offer for $85,000 even, no closing assist to buyer. So with closing costs I will be paying roughly $6,200 total to sell my home. I owe $85,000 and change so that covers my mortgage at least. Starting price was 98k (realtor's decision, I wanted 94k), but my asking price is $89,900 now to cover some of the expense. My realtor says I bought my home in a bad real estate year and now it's not worth the price of my original mortgage. My contract is up in May. I will have a good chunk of money left in my savings after the sale, but not enough to comfortably buy a new home. Any thoughts on taking a loss? We both make about 90k a year together. [link] [comments]  |
| After 3 months, want to buy a 2nd house, both with FHA loans Posted: 24 Feb 2019 03:45 PM PST I bought a house 3 months ago with an FHA loan. I got a promotion but now I have to drive against the commute traffic to HQ, as I would go for a 15 min commute to an hour plus each way. My home is in a great rental area and I don't want to waste all the costs I paid when I purchased it so I'd like to rent it out, but I'd like to own my own home so I'd like to buy another house with an FHA loan. A friend says if I try to do this under a year it's considered fraud, please help. [link] [comments]  |
| can you view the same house with different realtors? some questions about how realtors work with me Posted: 24 Feb 2019 11:39 AM PST I saw an open house for a good place and some lady asked me if I am a first home buyer and have an agent, I said not yet and she had me sign my name and email and she said she would contact me, she then proceeded to talk to other people while I checked the house and left quickly. I liked the place but I want to see several cities, if I end up wanting to go back to that place, do I have to use the agent that I talked with or can I go back with my own agent? I didn't see any reviews for her but she had a lot of exp (~10 years). Today I schedule an appointment on redfin with 3 places farther from the open house I saw, and they automatically assigned me a buyer agent with like 3 years of exp and only sold like 5 houses and it said 3 houses for all of 2018, I am not sure if its a red flag but I dont want to rule him out. Since he was assigned to me, do I have to use him to see all houses now? for example the open house I saw before, do I need to go back with him or can I use the other agent(or find a new one). I didn't really choose him so I am wondering if hes technically my agent, or just my agent for redfin listings... I heard about some weird laws that if I see a house and an agent is there and I speak with them, its illegal to buy that house with a different agent, trying to learn proper real estate agent etiquitte. [link] [comments]  |
| Posted: 24 Feb 2019 11:37 AM PST One year ago I purchased a new construction condo which has leaked from the roof a few times due to construction defects, which should be addressed by the developer this spring. My neighbor has been complaining of new asthma symptoms and I hear him sneezing and coughing through the wall of our units. My fiance said he smelled something funky coming from the location of a leak so I bought a home mold testing kit (a Petri dish and agar). I left it open for one hour on a shelf near the leak then closed it up. In the following days I read up about the tests and found that it's normal to see mold growth (scam?). Then I checked on the dish thinking it'll be about as spotty as a used coffee mug left out a few days. It looked like a nightmare of black and white filaments. The thing is literally full of one colony of black colored mold. I sent it in for testing but, considering this is new construction, should I be worried? Thanks! [link] [comments]  |
| Considering purchasing a home that is approaching 200 years old. What should we look for? Posted: 24 Feb 2019 11:34 AM PST We're really interested in putting in an offer on a 184 year old home. To us, it looks well cared for, though it will need a few minor things on first glance (kitchen is laid out awkwardly, has no air conditioning and this is MI, will need some minor plaster repair that we can see, garage door has been removed and replaced with a wall and regular door, and some other miscellaneous updates). It has been on the market since September with several hefty price drops (listed in the 170's originally, currently listed at 120k), which I'm thinking has a lot to do with the owners having already purchased and moved into a new home. Home has boiler heat, it's on a crawl, and it is a traditional 1800's farmhouse with wood floors etc. Tons of charm. Siding was redone fairly recently on both home and garage, privacy fence replaced. I'm a bit nervous about the two massive trees in close proximity to the side and rear of the home, but they appear fully grown in a photo of the home from at least 100 years ago (with a horse and sleigh present in the photo!). It also has exposed plumbing in several rooms. It seems overall well cared for and has been owned by the same family for the last 20 years. But what should we absolutely make sure to look for before officially purchasing? [link] [comments]  |
| Need to move, but now owe more than estimated sale price. What are my options? Posted: 24 Feb 2019 11:01 AM PST I bought a fixer in Seattle a year ago for 680k with a 30k downpayment, and did 50k of remodeling. Current principal is 640k. I now have to move due to unforeseen life situation changes, and was hoping to sell, even if it means I will not get back a lot of what I've put in. I recently got an estimate from an agent that suggests a sale price of 650-680k, so I would actually have to pay up to 30k in fees just to sell the place. I've run the numbers and renting out the house would net negative 20k/year. That is not a good investment. (46k/year mortgage/tax + maintenance - 27k rental income - tax benefits = 20k. Yes, rental income is low -- a lot of the property value is in the land) So, I'm wondering what my options are. I'm actually contemplating defaulting in the loan -- I don't plan to buy for a while, actually quite happy renting and investing in the stock market instead of property. I can buy cars in cash and don't have any upcoming education expenses for a long time. If I have to be honest, I feel very bad and foolish about having put in 80k and also 20k opportunity cost vs renting over the past year, so 100k down the drain so far. Losing 30k on top of that would be hard to swallow. [link] [comments]  |
| Posted: 24 Feb 2019 02:39 PM PST |
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