Update- Sellers looting flower beds Real Estate |
- Update- Sellers looting flower beds
- FHA home loan limits: Federal Housing Administration tightens mortgage regulations for first-time home buyers - CBS News
- [HousingWire] “Trump officially calls for end to Fannie Mae, Freddie Mac conservatorship“
- I’m closing on a house in two days and just found out the seller took insurance money in 2016 and never did the repairs
- Inherited a condo in Puerto Vallarta and need to sell
- Full Handicap Accessible Home
- Should You Buy Shipping Container Homes for Sale?
- Becoming a Landlord — Rental Property Management
- Well head placed in state controlled easement.
- Do real estate investors have liquid?
- We got had and want out!
- First Time Home Buyer , am I getting taken advantage of?
- Realtors how do you feel about other agents who do not answer their phone but only text?
- Need help understanding Legal speak
- Where can I look for financing?
- They wouldn't take me off the mortgage
- [CA] Need seller advice. Looking for HOA/Real Estate attorney.
- Unconditional Contract - Can I backout after inspection?
- Issues building a home in a small town?
- Selling townhome and buying single family home at the same time. Have a couple questions
- Developer of neighborhood sold out to cheap housing.
- My friend wants to market by door knocking and I don't. In your opinion, who is right?
- Same realtor for selling and Buying?
- Can my retired parents move out of their home, and then rent it to me?
- Told to look at houses out of my budget, but how high is too high?
| Update- Sellers looting flower beds Posted: 27 Mar 2019 07:25 PM PDT This is an update to this post: So there were a couple things I didn't mention in my original post that might change some people opinions on the situation. The previous resident of the house I'm buying is deceased, and the house is being sold by his heirs. So the flowers were being dug up not by the gardener, but by his adult children who had gardens of their own. Complicating matters is that the particular heir taking the bulbs doesn't want the house to be sold and might be contesting the estate. So they probably don't care if they spoil the sale. With that in mind, here is the update. I'm sorry to say it's not very exciting or juicy: We had our agent contact the seller's agent to see what was going on. They said that they were just taking a few bulbs for sentimental value and that it wasn't a big deal. Our agent also suggested we drive over there to see for ourselves how much damage had been done. When we got there, we saw that the beds were actually in pretty okay shape, and it looked like Only a handful of plants had been dug up. There are still plenty of flowers blooming. And the ones missing were not expensive or exotic. We quickly decided that this wasn't worth making a fuss about. We told our agent to say thanks for letting us look around, that we were fine that they took some plants for sentimental value, but to ask the sellers to not take any more without informing us. That's about it. We are still planning on settling in a week. Thanks everyone for the input and discussion. You guys are great!! [link] [comments]  |
| Posted: 27 Mar 2019 11:11 AM PDT |
| [HousingWire] “Trump officially calls for end to Fannie Mae, Freddie Mac conservatorship“ Posted: 27 Mar 2019 03:56 PM PDT |
| Posted: 27 Mar 2019 03:57 PM PDT So I'm a first time home buyer (24m) and I've made an offer on a house that has been accepted, great right? I literally close in 2 days and received a call from my real estate agent a few hours ago that the seller has received money from an insurance company for roof damages in 2016 and didn't actually fix the roof. Ironically, the roof was redone in 2015. The repair was initially $1600 but could be more apparently Essentially, he pocketed $1600 from the insurance company and never fixed the roof. I did a full home inspection and the inspectors didn't note anything bad about the roof... which I find weird. Currently, my insurance agent is talking with underwriters to see what my options are for coverage, if any. My real estate agent is communicating with the sellers agent and insurance company to figure out what exactly needed to be repaired (costs, area, etc). From my understanding it's only one section of the roof that is damaged. I'm lucky enough to have 2 really good agents working on my side. Obviously I have no experience with the home buying process so I wanted to see what you all think about this. [link] [comments]  |
| Inherited a condo in Puerto Vallarta and need to sell Posted: 27 Mar 2019 09:00 AM PDT The wishes of the deceased is that I sell and split the money with my family. I really don't know where to start. I'm American, live in NYC and have never sold anything before. I have exhausted google in hopes of finding someone in NY i can work with vs. having to go to Mexico and try to figure out who to work with. Any suggestions? [link] [comments]  |
| Posted: 28 Mar 2019 04:01 AM PDT My husband and I searched the area we would like to move to and found a perfect house for us! This house has been on the market for five months with not one offer. It is completely handicap accessible! Holy smoke! I was wondering if anyone could tell me if the accessibility of this house turns off buyers. Will the extra wide doors, chair lifts, and handicap railings and special shower features cause this house to stay on the market longer? I have questions about the price of the house as well. It is in a desirable and safe location, very small yard, not very private, and on a corner. Does a corner lot makes the price go down? I am asking this question both buying and resale purposes. [link] [comments]  |
| Should You Buy Shipping Container Homes for Sale? Posted: 28 Mar 2019 03:49 AM PDT Shipping containers are gaining a lot of popularity lately. They have been converted into elegant offices and unique homes. It has become a buzzword of the housing industry. If you are planning to invest in a home, it's high time you consider shipping container homes for sale. They are durable, tough, last long and eco-friendly. And since they are recycled and reused, they are relatively cheaper and can save you tons of money. [link] [comments]  |
| Becoming a Landlord — Rental Property Management Posted: 28 Mar 2019 03:29 AM PDT The first step to becoming a landlord is buying a real estate. But beware, owning a real estate and becoming a landlord is not a quick and easy way to become rich. If you are thinking about investing your money in a house or apartment you will need a plan and a roadmap. First of all, becoming a landlord is almost a full-time job. It requires energy, attention, communication skills and knowledge. Collecting rent is the last part of the job but understanding and obeying the law, awareness of obligations and responsibilities are foundations and first steps of the job. After that, we will go deep into rental property management. Understanding the Law Maintaining the Real Estate Maintenance of the real estate is another responsibility of the owner. The landlord is responsible for inspecting and resolving tenant complaints, planning and completing repairs and contracting with other maintenance services like plumbing, carpentry, electricity, landscaping or snow removal services. Enforcing precautionary actions and responding to emergencies are also owner's responsibilities. This exhausting and stressful job can be done by RentFollow and saves you precious time and money. Signing up freely and by using RentFollow, you can chat with your tenants about maintenance issues thru your mobile device, tablet or computer and RentFollow will keep records of it for further use. Using RentFollow is cheaper, faster and smarter than hiring a property manager for your real estates. RentFollow also conducts analyses about maintenance costs, payment frequency and keeping track of your return of investment (ROI). You can easily manage, keep track of your properties and your tenants via RentFollow. İn just 2 minutes you can sign up with your e-mail, add your properties, tenants and start managing your rental properties easy and free. Originally posted at RentFollow Blog [link] [comments]  |
| Well head placed in state controlled easement. Posted: 27 Mar 2019 07:35 PM PDT My friend bought a house about 2 years ago. The state recently sent a letter telling him that his well head was placed inside the road easement. When he bought the house,the easements and as-built were considered correct at the time of the sale by the title company The as-built and surveyor's documents at time of sale place the easement from the road at 75 feet, the state claims the easement is 150 feet since 2010. My friend has talked to the title company and they claim the error is made by the survey. The survey company claims the title company is at fault for not catching the easement change. The state claims the easement of 150 feet but there is no record stating the easement change from 75 to 150 feet. Just that the easement is 150feet. The state says he can apply for a variance but it may be denied and he may be required to move the well, septic tank and leach field. This can cost more than 50-60k not including tear out. It seems to me a survey and title company should have some standard of care in determining easements are correct. Is there any resolution to this? [link] [comments]  |
| Do real estate investors have liquid? Posted: 28 Mar 2019 01:28 AM PDT From my understanding, the main ways real estate investors make money is by selling a property for profit and cashflow rental properties. So my question is, if somebody wants to make 10M for instance, is this even possible in real estate? If so, what ways? I feel like the best way is to flip properties. Is the BRRRR method efficient in making a 10M net profit? [link] [comments]  |
| Posted: 27 Mar 2019 10:50 PM PDT Hi all. We closed on our first home December 2017 with a mortgage. After moving in we discovered that the house had many more issues than we anticipated including a terrible drainage problem. Over the last year we've installed a brand new HVAC system under the house, two sump pumps, a topical drain, a French drain, new gutters, and a brand new garage door. The drainage problem and everything else big is essentially remedied. We've noticed other big problems such as lack of a back yard and an awkwardly situated room that is going unused with wasted square footage. My husband and I discussed it and we are both just disenchanted with the place. Thoughts of doing more upgrades (which it needs) doesn't bring any joy like we feel it should. Most importantly, our family has grown and we really need an additional bedroom and a backyard that is lacking in the place. So it's been about 15 months since we bought the house. Is there any reason why we couldn't go ahead and sell? The market seems to have increased so we think there is a chance we could break even and get something that fits us better and that brings us joy. At this point, losing some on it honestly wouldn't bother us a ton due to the huge mental/emotional toll the place brings us. Do we have to stay for a certain amount of time for any reason? What don't we know? Notably, the mortgage is in my name only as we were still dating at the time and his credit score was subpar. Now we are married and both have great credit. [link] [comments]  |
| First Time Home Buyer , am I getting taken advantage of? Posted: 27 Mar 2019 10:40 PM PDT State: Houston, TX Offer amount: $90k Using listing agent as both seller and buyer representative Property on the mkt for 4 days and already has multiple offers including mine. Listing agent has told me that seller does not want to pay $500 for title insurance and wants to close quickly Range of prices in complex for similar properties $70-$90k Range of price per sq feet in area is $60-90 but most I have seen are around $80-$90. This property is $60-62 per square feet. I feel this house is a good deal and is priced aggressively and also has been remodeled and includes washer/dryer/fridge microwave I have already put an offer in without my own agent due to the lack of time but now my parents want me to use an agent they know which would require me withdrawing my offer and potentially losing the opportunity to purchase the property. The listing agent seems very sincere and has told me to not go to high on the offer which was originally $89500 and had even recommended I put in a lower offer of $88000 initially. I have since been told there was another offer but due to confidentiality for all parties she could not tell me the amount so I counter offered higher to around $90k. Questions: How can I be sure there are in fact other bidders? Do I really need to get my own agent? Does this listing agent seem shady? Is there anything else I should know? I'm losing my mind on this please help. [link] [comments]  |
| Realtors how do you feel about other agents who do not answer their phone but only text? Posted: 27 Mar 2019 11:01 AM PDT I have a deal in escrow and I have NEVER spoken to the other agent on the phone. She will communicate only through email or text. I am weird to feel frustrated by this? It makes it hard because she not only communicated this only through email and text but 99% of the time will answer with one word answers. It always puts her at an advantage, which is maybe why she does it, because if I ask a bunch of questions in a email she will pick and choose what to answer and ignore the rest which means I have to keep asking or give up. It is really putting me off. [link] [comments]  |
| Need help understanding Legal speak Posted: 27 Mar 2019 09:49 PM PDT I put in an offer for vacant land. The Report came back with: "Parcel 1- the south half of the east half of the west half of lot 1, in section 3, township 4 north, range 10 west, SBM, in the unincorporated area of the county of Los Angeles, state of California, according to the official plat of said land." "Parcel 2- easement for road and utility purposes for use in common with others over:west 32 ft & east 32ft &south 40 ft of the south half of the east half of the west half of lot 1 of section 3, township 4 north range 10. For the benefit of and appurtenant of the NE1/4 of the section 3, T4N, R10W, SBB&M" Thanks in advance. [link] [comments]  |
| Where can I look for financing? Posted: 27 Mar 2019 03:50 PM PDT Hey guys, I had a guy who I was going through to finance my first investment property (fix & flip), and the rehab, but wanted fifty percent of the profit. I thought this deal was pretty reasonable, especially for it being my first property. However, circumstances have changed and that opportunity is no longer available. Is there anywhere that I can look to get that same kind of opportunity? Also, for some context, I am 19 years old with new credit, have less than two years of work experience, but I am working with a contractor (he is my partner), and have multiple people who are willing to co-sign loans and such for me. A successful investor and home flipper that I used to know told me that it was possible to get started in flipping houses without using any money of your own (Though I am willing to pull out loans). That opportunity came, but sadly passed. Any help would be appreciated, thank you in advance. [link] [comments]  |
| They wouldn't take me off the mortgage Posted: 27 Mar 2019 09:31 PM PDT My wife and I purchased the house in 2009, 275000. in 2013 we legally separated the mortgage was held thru CIBC. When we separated her lawyer went to the CIBC and the CIBC said that they would not take my name off of the house because we we're both on the mortgage and we were both owners of our convenience store and we paid ourselves about 2,000.00 each month salary. In 2015 I moved back in with my wife the mortgage was always paid by her out of our convenience store that we once owned together. I no longer own half of our business. I have been working three years for car rental company as a part-time driver while living back with my wife and my name has always been on the mortgage. Now we want to sell the house I am worried that they will not refinance me for another home I'm asking 315,000.00 we owe 195000.00 after we pay all real estate fees and everything. I figured out that we will have about $80,000 left over to put down on another home obviously a smaller home somewhere in the range of $170,000. Do you think that the CIBC will finance us again? she is only bringing in her paycheck every month and I am bringing in a about $1,700 a month [link] [comments]  |
| [CA] Need seller advice. Looking for HOA/Real Estate attorney. Posted: 27 Mar 2019 08:08 PM PDT Los Angeles- Seller looking for some help on an HOA topic. Anyone here an HOA attorney, or could you recommend a reddit-friendly HOA expert? Thx! [link] [comments]  |
| Unconditional Contract - Can I backout after inspection? Posted: 27 Mar 2019 07:52 PM PDT I am in an unconditional contract. I was proposed an unconditional contract without knowing what to look for. My attorney never pointed it out to me, but I believe it is my own fault for not reading ever word of the 10+ pages. It is signed and I did a home inspection. The inspector says there is termite damage in the home foundation ( a lot of the beams) but has no active termites. I am a firm believer that once you have a problem, it is their to stay unless you tear down the entire house and fix it from the walls inside, which the current owner currently does not have. The catch is that I believe when the report comes out, it will be something along the lines of "there is damage, but if you patch it up for $1000 over the weekend, it will be livable". To me this is criminal as that house will literally fall on itself in 5 - 10 years. I want to back out of the contract, and the seller will probably have to get the other offer, except for about 5 - 10% less than what I offered (they had another offer before I made mine). I gave my earnest money (3% of down payment). If I back out of contract, what will I lose? Will it be the earnest money, the inspection fees? I told my attorney that I pay on closing, and there will be no closing so does he not get his share? To be honest, I felt like I was misguided and lied to, both by the sellers agent and my own attorney. Who do I seek to this? *EDIT My attorney booked the inspector without asking me when I can do it and said I dont need to present during it, but I insisted and took photos of the damage. I feel that this attorney might be using this inspector on purpose. He didn't poke a hole in any wall, but he did confirm that there was termite damage done to the beams in the basement (which support the entire home). There was termite damage reported in 2014 previously and it says it was treated, but we all know how treatment is done nowadays for $500. My take is you would need to rip out everything in the house to kill those damn termites. [link] [comments]  |
| Issues building a home in a small town? Posted: 27 Mar 2019 07:39 PM PDT So we live in a small town in New Mexico (less then 3000 people) and have been looking to buy our first house. Unfortanately nobody is really selling at the moment. The houses that are being put on the market are going for way more then we think theyre worth. We have one realtor in town who works both for the seller and buyer and i personally think they are inflating the prices. Weve considered buying land and a manufactured home but are running into the same issues with prices being too high. We have found 2 spots. The 1st is land where the majority of houses are manufactured. They only sell 20 acres and up at $1500 an acre. Wed probably opt for a manufactured house. The second option is someone selling lots on a cul de sac for $15,000. Were really interested in this as id prefer to have a stick built home. Were not sure if it would be better to buy 2 lots. The big issue that were running into here is how do we go about finding someone to build. Theres obviously no one in town so wed need to bring someone from the city about 2 hours away. Would it even be worth it being that this will definitely raise the cost? We want to try to keep the cost below $200,000. Any advice would be appreciated. TLDR; Need advice on building a home in a small town with no homebuilders nearby. [link] [comments]  |
| Selling townhome and buying single family home at the same time. Have a couple questions Posted: 27 Mar 2019 07:34 PM PDT My husband and I are going to be selling our townhome in July and purchasing a single family home. We purchased the townhome from my mom and had actually been renting it from her for a couple years before that, we have never had to actually go house shopping and she gifted us the "down payment" in the form of equity. So this process is all new to us. We are set to make roughly $115k off of selling our townhome and we live in an extremely hot sellers market right now. We do have to do some fixing up of our townhome but will have $2500-$3000 in savings at the time of applying for a new mortgage. We are planning on putting $65,000-$70,000 down on the new house. Our question is will it matter that we only have $2500-$3000 at the time of applying for a mortgage but once our townhomes closes we will have ~$20,000 in our savings after we sell the townhome? We are not going to put an offer in on a new home until we have an offer on our townhome. Also, do mortgage lenders look at the daily balance of your checking account? Is there a general rule of what your minimum daily balance should be? With doing some repairs and paying contractors I want to make sure we keep our bank statements looking good to mortgage lenders. [link] [comments]  |
| Developer of neighborhood sold out to cheap housing. Posted: 27 Mar 2019 06:46 PM PDT A year ago I built a house in a new construction neighborhood for around $320k. There is a new section being worked on but no houses being built yet. The new section consists of many waterfront lots. The saleswoman for our builder told us that there were going to be 70'-80' lots with ~700k-1mil homes. That would be great for our values so we thought it was a good move to build in this neighborhood. Well the developer decided to sell out and now it has been resurveyed for 40' lots with $200-$250k houses. Anyone have this happen before? Is there anything that can be done? My neighbors are pissed as well and if there were not 5 inventory homes for sale on my street I would likely put my house on the market. [link] [comments]  |
| My friend wants to market by door knocking and I don't. In your opinion, who is right? Posted: 27 Mar 2019 06:26 PM PDT He wants to knock on some doors in areas that I've sold a house in recently. I really don't want to. Here are my reasons:
His reasons:
What do you guys think? [link] [comments]  |
| Same realtor for selling and Buying? Posted: 27 Mar 2019 06:14 PM PDT I'm in Ontario Canada. I listed my house today with my uncle who is a realtor with Remax. He called me already and said that somebody wants to see the house tomorrow at 2, we still haven't made up our mind as to where we are going to buy or if we were going to buy or rent so now I'm really thinking that we should buy.. is there some kind of deal I should be getting if I use the realtor that is selling my house to help find me another house? Thanks [link] [comments]  |
| Can my retired parents move out of their home, and then rent it to me? Posted: 27 Mar 2019 01:33 PM PDT |
| Told to look at houses out of my budget, but how high is too high? Posted: 27 Mar 2019 12:43 PM PDT Everyone and their brother is telling us to look at homes outside of our modest budget because "no one offers asking price". This makes sense, we set our parameters about 12k higher than we're comfortable paying. Apparently this is too modest, friends and family (not our real estate agent) are insisting we're being too cautious and insist 20k-50k over budget is reasonable to look at. I don't want to waste my time looking at homes we don't stand a chance of getting. The quality of homes in our area changes Drastically between what we can pay and what people think we should shop. Don't get me wrong, I would MUCH rather have one of these nicer homes, but is it really worth our time to go to these houses and put in offers? It just seems insulting to the seller... If it helps, we're looking in Metro Detroit, Thumb side. Affordable, small houses fly off the market quick. Edit to add: We are not considering making an offer higher than we can afford. We will not budge on the budget, the question is regarding what homes to consider looking at to potentially make our meager offer on. Thanks for the advice! Y'all are making me feel better about my hesitancy to even look at houses so far above budget. [link] [comments]  |
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