I want to break up with my realtor. Real Estate |
- I want to break up with my realtor.
- Realtor basically said I'm looking at too many houses
- Legal to point security cameras at neighbor's yards?
- Buying house from landlord
- The cities hit hardest by extreme poverty
- Market outside of Indy
- What makes for a good offer?
- Roofing Dilemma
- Offer accepted, but a bit of regret
- Inspection period and results that take several days to come back
- Evaluating my first deal [Maricopa County, AZ]
- Question regarding the United States cessation of Fanny Mae and Freddie Mac conservatorship.
- If everything else is equal, does the size of a down payment matter in a multiple offer situation?
- NC first time home buyers, DDR and possible breach of contract.
- 14 days to prep home before selling- what’s important?
- Advice - Property for Sale Rented Out
- Is rent-to-own a good option for someone building their credit back up?
- competitive hard money rates?
- NY - How to find accurate taxes for a property?
- Expat, ready to buy beach property in Mexico.
- Realtors who represent buyers question.
- Buying my first home, inspection is concerning
- Area/Crime and schools
- Delay after P+S agreement signed
| I want to break up with my realtor. Posted: 28 Apr 2019 03:01 PM PDT We decided we wanted to start looking for our first home in December of 2018. We had done a lot of research and knew we wanted to be in one of two neighborhoods. I had formerly known a realtor from a networking group I was a part of, so I called her and told her what we were looking for. In the last 5 months we've felt note and more like she isn't a great fit for us: 1) we've only looked at three properties so far, all of which I found. 2) the properties she sends me are never what we're looking for and often contain things we explicitly don't want, like off street parking or in a neighborhood we don't like. The majority are ones she is the listing agent on. 3) we finally found a property that we were ready to bid on but had a question about the HOAs. They took 2 weeks to get an answer back to us and were very unresponsive in the mean time. We were preapproved with a large down payment and very serious. 4) The biggest kicker is that we recently found out that they are neighbors with my SO's coworker and have been telling the coworker not only that we're buying a house, but the neighborhoods were interested in and our price range, along with some details about our finances (SO had a family member pass away and was the beneficiary to their estate.) To us this is a major breach of privacy and we don't feel comfortable using them anymore. We NEVER signed a buyers agreement and we don't have an contractual ties to them. Meanwhile, we happened to have dinner with a work acquaintance of mine and his wife is a realtor. We immediately felt comfortable with her and she's texted me a few houses not even on the market yet that are almost identical to what we want. Moving forward, we'd like to work with her. How is the best way to communicate to the original agent that we'd no longer like to use her and her firms services? [link] [comments]  |
| Realtor basically said I'm looking at too many houses Posted: 28 Apr 2019 02:09 PM PDT Okay I can totally understand that a realtor HAS to draw the line somewhere... that's obvious! After seeing 6 homes, I put a bid on one property in which someone else won, even though I offered $3000 over what they were asking. So I'm about to put another offer in but not till I hear back frmo the title company about a q I have. Anyway, so she contacted me saying I need to make up my mind and that she can't really continue showing me houses everyday. [link] [comments]  |
| Legal to point security cameras at neighbor's yards? Posted: 28 Apr 2019 04:05 PM PDT We've had bad neighbors for two years. Right after they moved in, they started out burning stuff in the yard in violation of county rules. I asked them nicely if they knew that it was illegal and their response was, "Yeah, I know." We have an elderly family member and the smoke was coming into our house. Obviously, that was a problem. Snapped a photo to send to the landlord. He claimed he couldn't tell what they were doing and it was plain as day in the photo. The guy had a wheelbarrow next to a burn barrel with flames coming out and a bunch of brush in the wheelbarrow to burn. Every summer, large parties in violation of county noise ordinances, sometimes as late as 12am or 1am. Police came out 5-6 times in 2018 for noise ordinance violations. They also came out one time when the tenant's visitor purposefully blocked our driveway with their vehicle and refused to move it (saying they could park anywhere that they wanted), then threatened my family member who was working in the yard. Property manager refused to acknowledge police visits in both cases. Police kept telling me that, "Code Enforcement issues fines for noise." Code Enforcement said they close at 5:30pm and the first responders (and pretty much the only other option) are police, who have been able to write citations for noise for years. Our car has been vandalized in the driveway (broke the door handle off and messed up the actuator, both of which had to be changed because the lock quit working properly). Can't officially prove it, but I know it was them. A few days after that, I came out of our back door to take our house dog into the yard for the last time at night and someone was standing in their front yard and had their face covered. When I opened our back door and stepped onto our porch, they took off full sprint from standing in the yard near their porch and ran to a (running) waiting blue van that went speeding off down the road when they jumped in. Their face was covered with something almost like a ski mask or cloth. Lived here for decades and never had an issue with anything until all of their shady people started coming over there. Their parties are more like 30-40 people, drunken and loud, making threatening comments and such. When police have come out for the parties, they heard the noise (the tenants would open all vehicle doors in the driveway/yard and blast music out of certain vehicles for hours late at night) and saw the parties. One of the times the male tenant was so drunk that the police lady screaming in his face couldn't get it through to him to turn off the music. The tenants and visitors were "taunting" several police officers standing in front of them during one visit at midnight with a huge party. They told them to break up the party and they purposefully made even more noise in various ways (popping balloons, screaming, making other noises by doing things, etc.). I have come out of the door some nights and several men were standing in the dark leaning against one of their vehicles "watching" our house for hours, making comments, etc. I know for hours because they were there when I went back out 3-4 hours later and would make some comment or do something as if trying to act aggressive (getting into a vehicle revving the engine even though they weren't going anywhere and would get back out a minute later). If they see someone outside in our yard at night, they'll pull a vehicle out of their driveway and down in front of our house to do a burnout in the street and then pull back into their driveway. I've had people threaten me in my own back yard (from their back yard), as well. Their house is a 2-bedroom rental. They've got 3 different vans picking people up in the morning (I see them on my way to work) and dropping them off in the afternoon/night. There are way more people living there than the landlord is willing to acknowledge. When they get a group of them, they act threatening. I have notified the property manager of this. He won't deal with it. Code Enforcement told me to ask police for more patrols and to sit by the property when possible and see what is going on. Crazy amounts of come-and-go traffic to the house. They also told me to send the complaint (that I sent to them) to our county police. Code Enforcement stated that even if they did send an inspector to the house, they likely wouldn't let them in to see how many people were living there. Plus, they're threatening and they don't want to deal with criminal issues. They said that a building inspector could check the property, but again, would need a police escort due to the way the tenants act. I have considered pointing security cameras at their front and back yard, as well as our vehicle/driveway and the street. Their yard is where all of the noise, threats and large parties take place. It is hard to get footage from a handheld camera. I took this photo in 2018: https://i.ibb.co/RN9QbQ7/20.jpg Obviously, it blurred because it was dark. You can see a "line" of people that were screaming threatening things at me, both men and women. The kids were even forced to stand there and egged on by the parents. There's a lot going on at this property. I have written a letter to the local police department with these details and I'm waiting for a response from them. I have a camera system with 8 1080P night vision cameras and I have also ordered a single microphone to put somewhere on that side of our house to capture loud music/screams/threats from their tenants should any of that happen again. Cinco De Mayo is coming up. That photo above was taken last year during that time. You see that there wasn't really anything going other than people basically standing there in the back yard to be a nuisance and disturb my family. Some of them have also been quite argumentative with police when they responded, which is why they sent multiple units before due to previous noise violations. Never issued them a fine, however. This is a "title and guaranty" company that owns the property. They list a real-estate lawyer who is local on the property records, but no phone number. I emailed him about all of this last year and he forwarded my email to the property manager, who refused to talk to me via phone. I have the email where he declined to talk by phone and won't acknowledge any of that. He says it is a "peaceful man and his wife just trying to raise their kids." There are at least two families permanently living in that house now. I wouldn't care how many people lived there if the issues above weren't happening, but it is a problem for my family. "Moving" is not the answer simply because of renters next door. We are buying our home. We also have a mortgage and owe considerable money on our house still. We're just outside of Atlanta, Georgia in a small residential neighborhood. I have copied both the real-estate lawyer (who claims to have nothing to do with the property and no say about it) and property manager together in the same email and told them that I will be putting up a surveillance camera to monitor what goes on at the property due to the issues with their tenants that they refuse to address. No response from them. I also told them that I have notified police and so far have sent 11 tag numbers and vehicle descriptions to police. That's only a small portion of the traffic that visits that property. In my letter to police management, I listed the real-estate lawyer shown on the property records and asked if police could give him a call and get the contact info for the property manager to discuss these issues from a police standpoint in the neighborhood. Still waiting on a response from them and it hasn't really been long enough yet. What would YOU do in this situation? Legal to put up cameras facing that property? Technically I could put one at the far corner of our yard and in order to get the length of our yard, it would have to overshoot and get some of their back yard. A chain link fence divides both yards and is only 4 feet tall, so it actually would be kind of hard to capture the back of our house/yard without getting some of their yard. One of the people who isn't even supposed to be living in that house, weeks ago he was walking around in the yard saying, "They're not going to do anything." Not sure if he's talking about Code Enforcement or the landlord or what. It's a slumlord company and I have found that they apparently use several names and don't list contact info for anything. The real-estate lawyer has the contact info for his client the landlord, but not sure if he will try to block access to that if police call him. Isn't that obstruction of an officer/obstruction of justice? It is now more so a criminal issue. Just trying to get police to actually do something about it. [link] [comments]  |
| Posted: 28 Apr 2019 05:35 PM PDT Hi all, I'm currently renting a house, but was just given my 30 day notice to move out as the owners are selling the house. After looking around at rental prices in my area, I'm looking at a 50% increase in rent for an equivalent house. We've been here a couple of years and, while rent has gone up 20-30% since moving in, it hasn't gone up compared to the rest of the market. The property manager told me that the owners would be willing to sell the house to me if we were interested. His words were that they would sell it at whatever it's appraised for, and that they would pay all closing costs. After doing some research this seems like a great deal, so I started the process of getting qualified for a loan. Now, I wasn't really planning on buying a house anytime soon, but I'm not opposed to the idea. I have good credit (740) and a good income, but not much tucked away for a down payment (I could get together 3-4%). I have a stable job (5 years), this house is close to my work, and I don't really plan on moving away from the area anytime soon. I guess I'm looking for some outside advice here. Does this sound like a terrible idea? Assuming the house gets appraised at (what I think is) a reasonable number, am I missing anything else I should be considering? Is something like this possible without getting realtors involved? Thanks for your help! [link] [comments]  |
| The cities hit hardest by extreme poverty Posted: 29 Apr 2019 04:12 AM PDT For the nearly 46.9 million Americans living below the poverty line, financial insecurity affects nearly every aspect of daily life -- from personal relationships to physical and mental health. Just as poverty takes a toll on the individual, communities where large shares of the populations live in poverty can also suffer tremendously. The U.S. poverty rate stands at 14.6%. Concentrated poverty is defined as neighborhoods with poverty rates of 40% or more. Individuals living on poverty level income in concentrated poverty neighborhoods face not only the personal effects of poverty, but also broader, communal effects. These often include higher crime rates, underperforming schools, and limited economic opportunity. Nationwide, 11.3% of those living in poverty also live in concentrated poverty neighborhoods. This level of extreme poverty is much more common in some of America's largest cities. Using data from the U.S. Census Bureau, 24/7 Wall St. reviewed the share of the population living below the poverty line in concentrated poverty neighborhoods in the nation's 100 largest metro areas to identify the cities hit hardest by extreme poverty. The cities on this list are not necessarily the poorest cities in the country. Several, including Cincinnati, New York, and Philadelphia, actually have a lower poverty rate than the U.S. as a whole. They are, however, the most economically segregated cities in the country. Concentrated poverty neighborhoods foster a vicious cycle of poverty among those who live there, and economic and social mobility in these places tend to be limited. In most of these cities, residents of concentrated poverty neighborhoods are less than half as likely to be homeowners and have a college education and more than twice as likely to be unemployed as residents of neighborhoods with poverty rates below 40%. Often, non-white minority residents of the cities on this list are disproportionately affected by extreme poverty. Several cities on this list also rank among the worst cities for black Americans. Read More: https://finance.dearjulius.com/2019/04/the-cities-hit-hardest-by-extreme-poverty.html [link] [comments]  |
| Posted: 28 Apr 2019 01:33 PM PDT I'm being relocated to the Indianapolis area. I lived there 5 years ago and the housing market seemed pretty stable except for Carmel. I have 0 desire to live north of town. I am considering Brownsburg or possibly Avon. How hot/cold is the market there? I have a friend in the area who says houses aren't on the market very long. Is it a sellers market? [link] [comments]  |
| Posted: 28 Apr 2019 06:46 AM PDT I'm looking for a house in a pretty big sellers market outside of Boston. We put in an offer on two houses-neither offer accepted as there were 9 offers on one property and 13 offers on another. What can we do to make our offer more appealing? We just found a couple other houses we like and are putting an offer in on. One of the open houses had 50 other people during the 2 hour OH window! [link] [comments]  |
| Posted: 28 Apr 2019 01:48 PM PDT My tenant phoned to inform me that my property is experiencing some leakage issues on the outdoor patio every time that it rains (which it is). She explained that the patio roof needs replacement (coincidentally her son is a roofer and collectively they offered to fix it for around $1,000). I'm relatively new to the real estate game but I want to be 100% certain that a full roof replacement is actually justified before dishing out any money. This situation seems too convenient to be true (the roof needs replacement AND her son is a roofer) - again, I want to be 100% sure that the roof actually needs to be redone before pulling the trigger. Who do I contact to get an unbiased answer as to whether the roof needs to be replaced versus the alternative which might be a quick, less expensive fix? Do I contact a roofing company for a quote or will they give me an equally biased answer? Thanks [link] [comments]  |
| Offer accepted, but a bit of regret Posted: 28 Apr 2019 10:28 PM PDT I'm in a hot market area, very hard place to get nice homes at a reasonable price when there are 5+ offers esp in the good school district area. We found a place we liked single family in very good school district total gut renovation that had all the elements we were looking for. Main downside is that there is a cemetery bordering the place; can't tell from the nice backyard it's there but from the second floor you can see a first layer of headstones. I didn't do my full research and bid about 3.5% over, fortunately I didn't waive inspection. Overall I'm ok w the place and my fiancé doesn't care at all about the cemetery issue but I'm having some cold feet about the resale and fears of having to sell the place but it sitting on the market for months. I was more aggressive due to the market but probably could have gotten away bidding at price. I'm just a bit spooked how fast they jumped at the offer, it was just listed this week. Appreciate thoughts and advice [link] [comments]  |
| Inspection period and results that take several days to come back Posted: 28 Apr 2019 09:36 PM PDT Ohio USA. I put an offer in in a house which was accepted on Saturday morning. Inspection period is 7 days. I already have a day off from work scheduled for this Friday, so I decided to schedule the inspection for Friday. Now I'm looking at the documents from the inspector and see that the mold/allergen results will take 2-3 days to come back. By the time results are back, my inspection period will be over. Should I just cancel the mold and allergen test? What about radon? They don't specify a timeframe for that, but is that sent off to a lab too? [link] [comments]  |
| Evaluating my first deal [Maricopa County, AZ] Posted: 28 Apr 2019 05:33 PM PDT Hi all, looking to buy my first duplex in Maricopa County, Arizona. These are the numbers I am getting. Is this a good deal worth pursuing? The property condition is decent considering it was built in 1950s, and location is fairly good with good schools. I would rent both of the units and this would be purely an investment property. This is my first time would really appreciate your help! DETAILED FINANCIALS Monthly Cashflow Statement: +Rent Income: $2250 -Vacancy: -$110 -Mortgage: -$1100 -Property Tax: -$200 -Home Insurance: -$100 -Utilities: -$175 -Property Mgmt: -$100 -Home Warranty: -$50 -Umbrella Insurance: -$50 Total Cash Flow: $365/month Basic Stats: -Purchase Price: $275K -Downpayment: $70K -Closing Cost: $4K -Repairs: $3K -Interest Rate: 5% Cash on Cash Return: Cash Investment: $77K Yearly Cash Received: $4.4K Cash on Cash Return: 5.7% Not sure if this is a good opportunity or not. Thanks! [link] [comments]  |
| Question regarding the United States cessation of Fanny Mae and Freddie Mac conservatorship. Posted: 28 Apr 2019 06:46 PM PDT Hey guys, I'm researching the current state of the housing market and the direction its heading with the assumption that it's heading downwards. I've found out that Trump ended the Fanny Mae and Freddie Mac conservatorship towards the end of March. I'm wondering if this will have a negative impact on the housing market or if this is a step in the right direction. I don't fully understand what Fanny Mae and Freddie Mac actually do and am hoping someone can inform me. [link] [comments]  |
| If everything else is equal, does the size of a down payment matter in a multiple offer situation? Posted: 28 Apr 2019 03:47 PM PDT I'm the listing agent and have almost identical offers on a hot property. I've already weeded out low offers and FHA loans. I'm looking at conventional only. If one can pay 20% down and the other is paying less, does it have any impact on seller's decision? I've run through the scenarios in my head and can't really come up with a solid reason to prioritize the higher dp over the lower one. Thoughts? [link] [comments]  |
| NC first time home buyers, DDR and possible breach of contract. Posted: 28 Apr 2019 08:05 PM PDT So long story short my husband and I have been on the hunt for a home in North Central NC for 6 months. Well we finally found the one, made it all the was to inspection day, appraisal and everything else went off without a hitch. (Reference historical home on registry, unnamed) So there were 3 major issues with the home 1) termite damage on central girder and surrounding areas 2)Carport support posts are loose and not supporting properly 3) Fire damage that has been partially repaired We are in the process of putting in our Due diligence repair request asking the seller to bring in a structural engineer and make needed repairs. He has verbally agreed we just have to send the Inspection and form over for signatures. My questions are as follows; The fire damage wasn't disclosed on the disclosure sheet although the sellers realtor told our realtor all about it post inspection. Wouldn't that be a breach of contract? How long will these repairs take any guesstimate? Cost guesstimate? Can they back out of the DDR after they sign it? [link] [comments]  |
| 14 days to prep home before selling- what’s important? Posted: 28 Apr 2019 09:04 AM PDT My husband could be getting an out of state job (pleaaaaase cross your fingers for us!) and we will be short on time to fix our house up before selling. It's professionally decorated already (had it done when we purchased the home) but how important is fixing little things? Put my list of to dos below- can you help me sort through what really matters?
Anything else that is super important to do aesthetically before listing? [link] [comments]  |
| Advice - Property for Sale Rented Out Posted: 28 Apr 2019 01:13 PM PDT We have been casually in the market to purchase a home to live in - no realtor yet. We have found something we want, which we can afford... but it has tenants who will be in it until Feb 2020. I know there is a difference in mortgages for owner-occupied and not-owner-occupied properties. Can someone tell me what I should be googling for to get rates and terms for this? I'm trying to figure out if we can afford it if we can't live in it before I hire anyone (we could afford both our apartment we are in and the mortgage, even without rent taken into account if it were a standard mortgage). We are in the US, Washington State if it matters. [link] [comments]  |
| Is rent-to-own a good option for someone building their credit back up? Posted: 28 Apr 2019 04:36 AM PDT Just curious as I'm trying to weigh all my options right now while looking for housing. [link] [comments]  |
| Posted: 28 Apr 2019 02:55 PM PDT I am looking at a hard money loan for a single family rehab (fix and flip). I am relatively new to the business done it 2-3 times before. I am being offered about 2 points up front and about 11.5% running for a one year loan (~150k, 85% LTC); I am curious does this seem pretty good to most folks (I could probably get them down to 11% but haven't tried just yet)? [link] [comments]  |
| NY - How to find accurate taxes for a property? Posted: 28 Apr 2019 05:55 AM PDT So we're first time homebuyers, and one of the biggest frustrations we are running into is trying to figure out how to get an accurate property tax number for houses in our area. We had previously been using taxlookup.net which seemed a pretty legitimate site. But the numbers our realtor gave us for taxes when they handed us that packet of paper while viewing a house were radically different. For example, one house we found had listed taxes on tax lookup of ~4k, and the number he gave us was about fifteen hundred more. And then another one we had found had multiple tax bills, totaling almost 5k, but he was saying it was quite a bit less. Our realtor was pretty tight-lipped with us about how he got that tax number - he just said something like, "oh you have to flip through a lot of screens" when we asked about the difference. Now we're not sure which numbers we can trust - I assume the realtor's must be correct? But what if it isn't and we're surprised with a much higher tax bill than we budgeted for? How can we get information we can trust? Our area can hit you with multiple bills - a town, a village, a school. [link] [comments]  |
| Expat, ready to buy beach property in Mexico. Posted: 28 Apr 2019 09:19 PM PDT I found a piece of land for sale while traveling located on the beach. The owner and I have come to an agreement on price. I have read the buying process but am a little nervous since this is a direct purchase and not through a traditional real estate agent. I will need Fideicomiso (Trust Through the bank). I am not currently in Mexico but would like to begin the buying process here and travel down for closing at the time of the purchase. Can anyone please advise on how to proceed? [link] [comments]  |
| Realtors who represent buyers question. Posted: 28 Apr 2019 05:19 PM PDT Just wondering do realtors who represent buyers get a commission? For example a realtor is representing a seller than a another realtor brings in a buyer which is represented by another realtor does that realtor get anything? [link] [comments]  |
| Buying my first home, inspection is concerning Posted: 28 Apr 2019 05:11 PM PDT So like the title says I am looking into my first home. I put an offer and they accepted contingent on the inspection, well it came back with some things that I think are concerning:
How expensive or serious are these deficiencies? [link] [comments]  |
| Posted: 28 Apr 2019 12:28 PM PDT When showing properties what sites to you use to look up school and crimes in the area. I know Truila has some info on that but was looking for a better source. (SoCal) thanks [link] [comments]  |
| Delay after P+S agreement signed Posted: 28 Apr 2019 12:04 PM PDT My wife and I are buying our first home. We as well as the seller have signed the purchase and sale and money has been exchanged. In our P+S the closing date is the 29th which has already been moved back once before signing. The seller has been aware of repairs needed before closing (simple septic alarm fix) for multiple weeks and as of today has said he was unable to get a company to call him back for weeks (obvious lie). We have hired help, taken the week off work, rented a truck, moved all utilities over and cancelled at our current house that we are scheduled to move out of (renters). If he pushes this back it could cost us another months rent, lost wages, truck rental fees, and work of calling all the utilities and switching them back and forth again. Not to mention I've scheduled help moving!! My realtor is acting like there is nothing we can do but wait and hope he gets it fixed. I guess I'm asking what my options are in terms of recouping money I may lose, and if this is acceptable. Thanks! [link] [comments]  |
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