Why are photos of the garage so rare in online listing's? Real Estate |
- Why are photos of the garage so rare in online listing's?
- How Screwed is My Deal
- Down payment vs. closing costs?
- Does 5-6% YoY growth in my area act as a signal for unhealthy inflation to any degree?
- Buying a Fixer-Upper: Mortgage/Financing
- What Will Happen To My Neighbor’s Home?
- What contract do I need that guarantees the seller will sell? USA
- Top Investment Markets in US?
- Should I Forego a Buyers Agent?
- Considering a Refurbished Foreclosure
- Relocation Questions/Advice
- In CA, how long does a seller have to back out of a sale (of a condo)?
- Coming to visit house to get ready for Sales
- Bought a bank owned house As-Is. It's a Money Pit. I have questions about disclosure.
- Need advice on mitigating flood insurance cost
- How do I go about finding a WDO (termite) inspector? Regular home inspectors are not specialized for it and pest extermination company’s use it as a sales call which seems like a conflict of interest.
- Staging Companies - Worth it?
- Rude sales agent
- Money after closing
- Negotiations on a pre-listing offer
- House has been on the market for 2 years.
- Need advice on listing wording
- Homeowners insurance when renting out parts of a property
- Troubling inspection - asbestos, arsenic, cracked septic, rotted joist. Realtor is discouraging asking for anything. Why?
- (CA) I might potentially put an offer in, a couple of things I want to ask about before going in too deep with the wrong house. Warning, wall of text.
| Why are photos of the garage so rare in online listing's? Posted: 03 Mar 2019 05:44 PM PST The garage is a hugely important space, but I swear only 1 in 10 property listing's ever show it. It's the space to secure your car/tools/toys/camping gear, etc. It's storage space for the bulky things you don't want filling your Cupboards. To me it's an important make-or-break feature of the home. I understand it's a matter of priority and others may care a lot less than I do, but it makes my property search endeavours more frustrating than they need to be. Why is it so often left out, is there a particular reason/strategy behind it? Any agents with inside knowledge who want to chime in? [link] [comments]  |
| Posted: 03 Mar 2019 07:58 AM PST Under contract to buy a unit in a condo with no common property, no HOA dues, just me and the other owner as directors. The seller demo'd a single family home in a residential subdivision and built two houses on the lot, no shared walls. Zoning and permitting was followed and done correctly. This type of development is very popular in Austin, TX these days. Title search revealed there is a restrictive covenant running with the land, on all lots in the subdivision, as of creation in the 50s. The restriction says: there can only be one dwelling per lot (or a duplex). Servants quarters are OK and garage apartment is OK if main building is complete. Seller is saying that because construction conforms to zoning, the property is legal. Title Insurance won't indemnify us due to the restriction. FML. At least I'm not the seller. Anyway, there are similar properties in the subdivision-some new builds like ours, some unpermitted garage apartments, and it seems like this will be the trend going forward (1 lot, 2 detached condos). Anyone have brilliant ideas or dealt with insuring around a defective title? [link] [comments]  |
| Down payment vs. closing costs? Posted: 03 Mar 2019 02:54 PM PST My wife and I are currently looking to buy (~$250k - $300). We have a set amount of money set aside for a down payment and I'm wondering if it is best to maximize down payment and try and roll the closing costs into the loan, or put some of that money towards covering closing costs? Also, what looks better to a seller in a strong seller's market? [link] [comments]  |
| Does 5-6% YoY growth in my area act as a signal for unhealthy inflation to any degree? Posted: 03 Mar 2019 05:03 PM PST I pulled up a few listings in houses I'd consider purchasing in my area. A 3/2 runs for about $300k-$500k depending on the neighborhood you are looking into. I ran a few listings back to the earliest price history I could find and found that in '91, houses were selling for about ~$148k. 28 years later, we're sitting at around $430k. 190% increase, or about 6.78% per year. $148k in '91 would be $275k in 2018 given inflation. I get that in San Francisco/New York, housing is an abomination and it probably makes these numbers look like a dream. I'd prefer to ignore that anomaly for the sake of this argument. Houses sort of kind of depreciate over time. Roofs get older, plumbing/wiring/insulation from 1998 probably aren't as great as the latest and greatest in 2019? Maybe that's ignorant? Maybe house construction overall has not change that much since the 1950s? What's the argument for home appreciation? Certain areas have less and less crime, making them more desirable? Are booming population rates causing a supply/demand issue (I don't think this is the case, just asking)? Why are homes beating inflation by more than double? Is that healthy? With what level of confidence would you buy a house in an area that has exhibited this kind of growth? [link] [comments]  |
| Buying a Fixer-Upper: Mortgage/Financing Posted: 03 Mar 2019 05:01 PM PST We are looking at buying a house that needs some work before moving in. We'd like to renovate before living there. Anyone have experience with getting a mortgage and financing the rehab? ($625,000 to buy and about $100,000 to renovate) Do you pay the mortgage while the rehab is going on? Would love any insights, I've only read about the Fannie Mae loan. Thanks! [link] [comments]  |
| What Will Happen To My Neighbor’s Home? Posted: 03 Mar 2019 11:47 PM PST 2 men lived there; family maybe. For weeks it's boarded up with crime scene tape; yard overgrown; bullet holes in the windows. Being that they are both dead & the house is old & presumably paid for.. how long will the city leave this eerie creepy mess like this? It's downright disturbing. [link] [comments]  |
| What contract do I need that guarantees the seller will sell? USA Posted: 03 Mar 2019 07:58 PM PST I negotiated a price for a building but they can't close until mid-April and I need to know what agreement I need to have them and I sign now so they can't back out next month or before closing? I'll put a deposit down but want a guarantee they sell to me and nobody else can come in and buy. [link] [comments]  |
| Posted: 03 Mar 2019 07:33 PM PST I live in SF where the rents are crazy but the home prices are worse. I'm interested in investing in real estate, but not sure on which market I should focus? Having lived in the midwest, I've been looking at Minneapolis and Chicago. - What numbers should I be looking at to determine the best market? - Is there a significant difference between commercial and residential? - How much cash should I have going into a purchase? [link] [comments]  |
| Should I Forego a Buyers Agent? Posted: 03 Mar 2019 07:23 PM PST My wife, kids and I currently live in a nice home we're comfortable in, so there's no rush to buy a house. But we do ultimately want to move a few towns over to be closer to family. Since there's no pressure to buy since we're comfortable where we are, our strategy is going to be to take our time, and when we find a property we like, we're going to low-ball them. The thinking is maybe 1 in 20 or 1 in 30 might be in a situation where they'll take it, and we have the time to find that 1 in 30. Problem is, I can't think of a buyer's agent who will want to put up with putting in offer after offer that's likely to be rejected. That's a ton of work for their money. So should I go try to do this on my own without an agent? I Google, "how to make an offer on a house in Massachusetts" and it seems pretty complicated. Especially if I'm going to try to get the seller to cover some of the closing costs. Or is this business as usual for buyer agents, and they won't mind too much? [link] [comments]  |
| Considering a Refurbished Foreclosure Posted: 03 Mar 2019 04:16 PM PST We're considering a refurbished foreclosure in a great neighborhood (some houses going above asking price) and I'm nervous about it. Does anyone have some horror stories or top tips in doing this? Some friends in the area got the contractor's info from some neighbors, it's not quite listed yet, and we're pre-approved for the loan already. What could possibly go wrong? Any good tips on clauses for the offer in these cases? [link] [comments]  |
| Posted: 03 Mar 2019 02:35 PM PST Hi all, just accepted a job in a different state. They graciously offered a comprehensive relocation package that includes paying commission and up to a certain fixed amount of closing costs. A little bit overwhelmed at the moment as we've been in the house (our first!) for exactly one year. It's a bit of a fixer upper and we've made really good progress but have not fully executed on the vision so scrambling to touch stuff up and make sure at least cosmetic changes are made! Any advice on relocation? What's a reasonable expectation for how quickly we can sell (we live in a highly desirable neighborhood ? Would love tips if anyone has experience to share, thanks in advance! Moving from NJ to ME if that is relevant at all. [link] [comments]  |
| In CA, how long does a seller have to back out of a sale (of a condo)? Posted: 03 Mar 2019 10:06 PM PST |
| Coming to visit house to get ready for Sales Posted: 03 Mar 2019 09:57 PM PST [Ga] Our lease ends at the end of April, it's a house managed by a property management team. They're trying to get Into the house and they're trying to start showing the house while we're still in it. I'm pretty annoyed. Is there anything I can say or do to have them leave us alone until we move our stuff out? And are NOT living here anymore? I get that the owner wants to sell but I feel like that's something they should do on their own time while we're not living here. We've even given them 1 1/2 weeks to fix whatever they need to. Speaking of which, some of the walls have some spots that either got wet and the paint peeled or has been worn out. The move out sheet says not to spot paint, but I just don't want them trying to take my whole deposit, considering it's almost 1k. What are some things I can do to make sure that we keep most of our rent. Also we had a cat that scratched up the carpet too in places, especially near doors. How do (or should I) even try to fix this? [link] [comments]  |
| Bought a bank owned house As-Is. It's a Money Pit. I have questions about disclosure. Posted: 03 Mar 2019 09:00 PM PST I'm going to say right off, I'm going to talk to my lawyer in the morning but I don't even know where to begin explaining things to him, which is why I'm here! Basic info: First time home owner in Northern Illinois. I closed about a month ago and began light renovations (new paint, minor repairs, ECT...). Inspection noted some minor issues, but nothing too catastrophic. That being said, since starting work on the place and getting behind the walls, we've uncovered several huge issues; almost all previous work done on the house was done without permits and not up to code at all, kitchen and bath remodels clearly were done by unlicensed nonprofessionals, and there is severe structural and floor damage due to a leaky window on the second floor. All of the huge issues were clearly just dressed up and painted over to conceal the damage. The whole house has been a big pile of WTF as far as trying to figure out how to undo the shoddy repair work, but the leaky window issue is going to need thousands in rebuild and the bathrooms are a clusterstorm that leaks from every direction; this is where my question on Disclosure comes in. The Bank owned the home for almost a year and it was unclear if someone was residing in it in that time (there was some furniture, but no outward signs of being lived in) but the repairs done to the home to cover the real damage were done recently which would indicate the bank knew about the damage but said nothing about it. Like I said, I don't even know where to begin when bringing this up with the lawyer. Would it even be worth pursuing if the bank is found at fault? (I realize whoever did the work might be at fault as well and the bank had no idea). I knew I was going to be sinking some money into the place, but I'm not too into paying to have half my place torn down and rebuilt because someone tried to screw me over. Any and all advice is welcome. If you've had a similar experience I'd love to hear how it turned out. Some words of encouragement would be super too. Thanks! [link] [comments]  |
| Need advice on mitigating flood insurance cost Posted: 03 Mar 2019 02:57 PM PST I have owned my house since April 2000. In 2011, my house was rezoned into the AE flood zone. Because the maps were not super clear, and depending on the angle in which you viewed them, I was able to fight it and get it taken off for a time. In 2016, a divorce required me to refinance my home, which re-triggered the flood insurance requirement. My attempts to fight it were unsuccessful, as I had to get a land survey done which confirmed that the property was in the zone. At that time I did get a BFE completed, but was told to not put it on my policy as the results of the survey would actually make my premium go up even more than what is being charged, even though it is increasing 18% per year. The flood insurance premium is now over $2200 per year, and I am looking for ways to mitigate those costs. I have not been able to get clear answers as to what solutions I might have, whether flood vents in the basement or if I can raise the base elevation level with fill dirt around the house. [link] [comments]  |
| Posted: 03 Mar 2019 08:50 PM PST |
| Posted: 03 Mar 2019 05:01 PM PST I've been trying to do research on whether or not a staging company is worth the investment. All signs point to yes however most of these articles seem sponsored by staging companies. Anyone have direct experience with staging companies? For some reason I trust you redditors more ;) This is for Los Angeles [link] [comments]  |
| Posted: 03 Mar 2019 03:49 PM PST I am considering moving forward with new construction home. The sales agent that works for the builder has been pushy and at times rude. He rushes through appointments and seems to feel as if I need him vs otherway around due to popularity of the community. His behavior is offputting considering the amount of home I am considering. I have an agent that works hard and serves as a middle man, however I am a bit concerned with the agents poor customer service so early in the process. I am a stickler for good service. In the situation of a major investment such as a home, poor professional skills are almost unnaceptable. I like the community but I am also 100% fine with walking away. All other conditions- home, location, price etc are great. What are your thoughts? [link] [comments]  |
| Posted: 03 Mar 2019 07:25 PM PST How much $$ do you recommend having in your savings after closing on a home? [link] [comments]  |
| Negotiations on a pre-listing offer Posted: 03 Mar 2019 07:10 PM PST We're about to put our house on the market but just happened to find a potential buyer who came by and looked at it before we listed it. They were very interested and quickly made an offer but it was considerably less than the asking price. Our real estate agent wants to move on it and counter but meet them more than halfway (as in the counter would be closer to the offer than to the asking price). We're very inexperienced in real estate but it seems like it would be a good idea to at least let it hit the market to see if we get a lot of interest early on. So I guess my question would be, in a situation like this where an offer is being made before the house hits the market, who generally has more negotiating power, the buyer or seller? Would the house lose significant value if we put it on the market and didn't get much interest in the first week or so? Thanks in advance for any help! [link] [comments]  |
| House has been on the market for 2 years. Posted: 03 Mar 2019 11:32 AM PST My mother has been trying to sell her house for almost two years now with very little success, so I've just been looking anywhere and everywhere for some advice. Any pointers are greatly appreciated. The property is waterfront in South Florida, with two boat lifts and a huge dock. She's been working with a realtor friend of hers, who really has been awesome and has worked her butt off to do everything she can, but we keep hearing the same feedback. People love the view and the location, but no one wants a two-bedroom house in an non-gated community. I'll attach a link to the Zillow listing here: [Edit - thank you so much for all the responses! I'm just removing the link so as not to make this too public in the event that a potential buyer might see it] I always thought that the photos were bomb, but there's little to be done about the size and neighborhood predicament. Although she's received offers, they have all either been low-balls (around 350k), or people that have dropped out after one counter-offer (which my mom always met them halfway on). Again, I really really appreciate any advice ya'll have to give! My mom and I are BFFs, and it's been super hard on both of us after I left two years ago, so we both have just been counting down the days until it finally sells. [link] [comments]  |
| Need advice on listing wording Posted: 03 Mar 2019 07:46 AM PST My aunt and uncle live in a home on a tiny stream that feeds a full sized and stocked trout river and have their home for sale. It was built in 2012, and is beautifully nestled in the woods on a couple acres. It's a dream place! Here is the listing the realtor made for the house (yes all caps):
My aunt is fastidious, and this home is stunning. However, the nine low resolution pictures the broker used are dull and uninspiring. I have already recommended the person who did my 3d tour using Matterport, and the same person can do pro photography as well. That should help with that. The wording just seems off and ill-describes the home of my retired academic aunt and her avid trout fisherman of a husband. I mean, it's a 2 acre tract of land with a practically brand new house with a standing seem metal roof. What do you all thing about this listing? [link] [comments]  |
| Homeowners insurance when renting out parts of a property Posted: 03 Mar 2019 03:05 PM PST Hi all, I own 5 acres in Oregon and I live in the house on the site. I also rent out two RV spaces to friends. It recently came to my attention that my homeowners insurance may not be appropriate here. I was getting a quote from Geico and they wouldn't cover it at all. I do have current homeowners insurance but am concerned that it is not appropriate coverage. Can someone guide me on this? Should i x-post to /r/insurance? Thank you! [link] [comments]  |
| Posted: 03 Mar 2019 06:44 PM PST Hello, first time post. My husband and I are under contract for a duplex in Maine. We had the inspection last week, and several troubling things came up: 1- Asbestos: the inspector wouldn't officially put this in the report since they're not a specialist, but there was a substance that looked like asbestos in a non-functioning chimney opening in the basement. Chimney is only used as a structural pillar now for foundation. The inspectors urged me to ignore it, cover it up, and remain ignorant. The disclosures state seller is not aware of asbestos. 2- Arsenic: water test came back with double the legal limit. Seller offered $4200 to put in filtration system. This is good. 3-Cracked septic: not a dealbreaker, but not great. Apparently my husband's grandma fell into a cracked septic growing up and almost died?! Anyway, that's what's freaking us out, but it just needs more soil on top. 4- Rotted joist: there's a leak in the 1st floor bathroom and the subfloor is rotted with a wet joist. It's not terrible yet, but could use a sister joist just to strengthen it. 5- Unsafe electrical: exposed wiring and double-tapped breakers in basement. Fire hazard. 6- Plumbing: there's a pipe to the boiler that could burst any moment We offered full ($365k) and asked for $8k closing cost assistance (basement is very wet, this was the quote to seal it). Our realtor keeps saying we are lucky for the $8k in closing and $4.2k in water filtration system, and shouldn't push the seller for too much more. Is our realtor saying this because he doesn't want us to back out? Our contract states "If the result of any investigation is unsatisfactory to Buyer, Buyer may terminate this Agreement by notifying Seller in writing within the specified number of days, and any earnest money shall be returned to Buyer." Right now we're likely getting an extension of due diligence time - so we're asking to bring in a carpenter to inspect foundation rot and we want to get the chimney tested for asbestos. (Is it worth it to check siding that's covered up with vinyl for asbestos? Or let that lie dormant?). Our asks are going to be safety focused: fix the pipe that's about to burst, fix the electrical that's a fire hazard, stop the bathroom leak and add a sister joist (we're offering to redo subfloor/tub ourselves, but we want to stop damage ASAP). TL;DR Problems with inspection, realtor is discouraging us from making requests. Why? And is it better to ignore a small amount of asbestos in a corner of a basement or get it tested (therefore requiring us to disclose in future)? [link] [comments]  |
| Posted: 03 Mar 2019 06:36 PM PST Montebello I just saw a small 2 bedroom 900 sqft house, tiny but cute and I liked it. It had an additional Mother In Law unit in the back, which added to my desire to purchase the unit. I ask the listing agent about it, and he said it was there when the current owner bought it, and no idea if its permitted or not. @470k I expect them to at least find out, but is that on me? How should I go about negotiating and putting in an offer knowing the building has potentially and probably unpermitted work. Its pretty big @ 500 sqft and quite nice, all wood and has a bathroom/shower. On my way out, it had just rained, and I noticed the roof has a puddle of water the size of a brick, coudlnt tell why but it was as if a rock fell on top for example..... any idea what this could be? the rest of the roof looked fine. In gardena I found a nice townhouse that had a few unsettling aspects. Entire place is remodeled, and every cabinet and sink was redone. House tour pointed out that above the downstairs bathroom we can see a line of paint which might indicate a cover up of water stain. We go upstairs and the bathroom right above it had all new board and cover up the pipes under the sink, it honestly looked weird and suspect that they put a stupid annoying board in front of all the pipes under sinks. Furthermore, when walking around I noticed that the floor was uneven and creaks in parts. It was brand new carpet all over but as you walk, sometimes your right foot would sink down more than your left foot. Sometimes as your standing your left foot would be about an inch higher than the right food, like they didnt even try to hide this uneven flooring other than putting carpet on top. I asked if I can hire an inspector to check whats up and they said since its brand new the owner would probably say no. As we leave the house guide points out the main building has signs of wood rot or something, which indicates termites. Could that be the case with the floor? I think one of the worst thing was the parking lot had pipes leaking all over, and Ive parked in places like that before, my brand new car always looks old no matter what because of these crappy garages. It makes me wonder if the HOA here sucks, like this should probably be fixed right away but isnt? any advice/tips/things to look for would be appreciated [link] [comments]  |
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