Seller accidentally agreed to sell to two people- now there’s a lawsuit [An Update] Real Estate |
- Seller accidentally agreed to sell to two people- now there’s a lawsuit [An Update]
- [UT] Does anyone know why I'm getting endless offers on my house?
- Your home seen by...
- Seller wants to rent back 2 weeks after closing
- Carfax equivalency for Homes?
- New rolled roofing, small gap between sheets, is that okay?
- How can I split my property into 2 parcels?
- Any owner occupier landlords out there? What are the pros and cons?
- Prefab Home
- Forest buildings
- Neighbor is using half the lot
- [AZ] How does one handle the sale of a home while overseas?
- Is San Diego a good market to invest in?
- What steps and procedures do you go through when looking for roommates?
- Title insurance Payment, should I accept?
- I think i hit a snag and i am starting to get worried
- First time leasing a room
- If the seller is trying to flip the house I’m buying does it cause hiccups from the lender?
- Do I Sell?
- How to get the most out of an inspection?
- Husband wants to purchase our first home, I'm a bit distressed about the idea
- How to assess HOA before buying?
- All You Agents Need to Up Your Game!
- How to remove doorknob from door that is locked from the inside?
- New Home construction - Home Inspector will not inspect for compliance with building code
| Seller accidentally agreed to sell to two people- now there’s a lawsuit [An Update] Posted: 17 Apr 2019 03:25 PM PDT So, we've been working with our new lawyers to figure out what our chances are of getting the house, and write up a counteroffer to walk away. A little over a week ago, the seller and their agent and their agent's company stopped responding to everyone involved. The other buyers lawyers did speak with ours and their story is that they had apparently threatened to pull out, but never did. They apparently were trying to speed up the sellers (although the house had only been on market 3 days at the point of our signing). We signed within hours of them saying they would pull their contract. Then a few nights ago we get a call saying the homeowner wants to cancel our contract, which isn't something they legally can do. Our team attempted to reach out but they're back to ignoring us. When our lawyer attempted to see if we could get 30% to walk away, they began claiming they never offered anyone any money. Our agent has a contract she received from them, but unfortunately it has no information on it that clearly ties it to being from them. Apparently they sent a blank copy 'for review before signing'. Our lawyer is filing list pends to the seller and homeowner, and we're trying to get everything moving before our would-be closing date. There's concern they could try to leverage the date to cancel our contract— we won't have completed everything required by that date, due to the house being tied up in all this. We're finishing up sending a report on the sellers agent and her company to the proper officials. Right now, we're sitting and waiting for their response to our notice of legal action. If nothing else, we can at least sue them and though the length of time and money involved to sue so does worry us we're certain we can get damages. I'll update when possible, but it looks like we're headed to court. (Also if one more person says 'I've been working in this business [X] years and I've never seen anything like this!' during a meeting I'm going to lose my mind.) [link] [comments]  |
| [UT] Does anyone know why I'm getting endless offers on my house? Posted: 17 Apr 2019 07:22 AM PDT Hi all, sorry if this isn't the right place for this. If you know somewhere I can ask this that's more appropriate please let me know. I bought my house a little over two and a half years ago. Since that time I can't go a week without receiving multiple offers to buy my home. They're mailed to me, taped to my door, jammed under the doorjam, or texted directly to me. On top of that, they've also taken to tracking down my family's phone numbers and texting them. I've never expressed any interest in selling, but the offers are relentless and increasingly aggressive. Does anyone know why that is? Is there anything I can do to stop it? Edit: So it seems my home's value is a lot higher than I'd initially expected/paid for. I'm guessing that's also going to continue as the city keeps developing and renovating. I guess my big question is is there any way to get them to stop harassing my family? I'm going to get some no soliciting signs, but that's not going to stop the people mailing and texting. [link] [comments]  |
| Posted: 17 Apr 2019 10:35 AM PDT |
| Seller wants to rent back 2 weeks after closing Posted: 17 Apr 2019 11:38 PM PDT Seller wants to rent back for 2 weeks after closing because the other home they are closing concurrently is not ready for moving in yet. They need to do some remodeling ( Dont know the extend of remodeling) Not comfortable because there are so many variables involved. Any idea? [link] [comments]  |
| Posted: 18 Apr 2019 12:50 AM PDT What is the best, and preferably cheapest way of getting a history on the home, as far as being involved in any crimes or deaths within, and whether or not I get a free indoor pool the next time it rains a lot (Looking in an area 30 miles south of Fort Worth, TX) First time home buyer so any other tips welcomed [link] [comments]  |
| New rolled roofing, small gap between sheets, is that okay? Posted: 18 Apr 2019 12:18 AM PDT I recently had to replace the shingles on my roof. Due to the pitch, the roofer recommended rolled roofing. After they were done, I was inspecting the roof and noticed a gap. Is this okay? The roofers tried to assure me that this wouldn't cause a problem. entire roof. I'd say it's between second and third roll from the bottom of the picture. It's the top of the roof, but bottom of the picture [link] [comments]  |
| How can I split my property into 2 parcels? Posted: 17 Apr 2019 06:19 PM PDT I want to get the most out of my home when I sell it and was wondering how to find out if my property is eligible to be split into 2 parcels? Also how should I go about this? Should I clear the land, sell raw land, or hire a contractor to build the home and sell it? [link] [comments]  |
| Any owner occupier landlords out there? What are the pros and cons? Posted: 17 Apr 2019 11:26 PM PDT I'm selling my house because I'm just not safe in my neighborhood anymore. The guy across the street from me threatened to harm me several times. He'll be nice one day and then just flip. I think he's on drugs. Plus he admits going through my trash. I'm considering buying a duplex or triplex because that would help me afford to move, but I am afraid of ending up in another bad neighbor situation. I'm a single woman. Any advice would help! [link] [comments]  |
| Posted: 17 Apr 2019 05:20 PM PDT I have a house on a good amount of land I am looking to buy. After talking with the seller it sounds like it is a prefabricated home. Pieces were built in a factory then put together on site. The home is from the early 70s and looks like a prefabricated home. I have done some research and have gotten all kinds of mixed opinions on it. It seems like there is nothing to wrong with the prefab homes, just resale is not great because they are prefab homes. Anything else to know about them? Any other good resources to find out more about them? Thanks in advance! [link] [comments]  |
| Posted: 17 Apr 2019 10:38 PM PDT I don't know if this is the right group. If you buy an apartment in a forest building, who looks after the plants. Do you have have to let the gardeners into your apartment? Is their fee charged, or is it subsidised by the local coucil? For example Bosco vertical in milan [link] [comments]  |
| Neighbor is using half the lot Posted: 17 Apr 2019 08:19 AM PDT We made a blind offer on a lot, then went to look at it. Apparently, the neighbor didn't bother looking at boundaries when planning his backyard. He's using the back half of this lot for a large portion of his backyard. From what we can tell, he's built terraced raised bed gardens, a boardwalk, a large shed, and even part of his deck on the wrong side of the line. We didn't want to build a house with an angry neighbor, and we didn't want only half the land. We decided not to carry through, and let the seller know why we let the offer lapse. If we changed our mind, would we have any recourse to get that land back from the neighbor? Location is in Utah. Edit: Lot was foreclosed, buying from bank. [link] [comments]  |
| [AZ] How does one handle the sale of a home while overseas? Posted: 17 Apr 2019 09:50 PM PDT Is it possible to move abroad and handle the sale of the home overseas? We initially planned on me staying behind with the kids but it would not be financially ideal. Plus, we'd have to add health insurance while we stayed behind and that's a whole other (EXPENSIVE) expense we don't want to deal with. Anyway, the mortgage is in my husband's name but the property is under both our names. If I did stay behind, what steps would I have to take to be able to handle transaction sale of the home? Hopefully I have the right sub for this question. Thanks! [link] [comments]  |
| Is San Diego a good market to invest in? Posted: 17 Apr 2019 08:41 PM PDT I live in San Diego and I am interested in getting in to real estate investing. I would like to gain some insight from others who have been investing in this market. I have been looking at houses/duplexes and the cheaper ones typically start at 500k. mortgage (4.5%) + taxes + insurance costs roughly 2.6k/mo . If i want a 7% return on that, id need to rent it out for 3.2k/mo assuming a 100k down payment. this isnt even taking into account repairs + closing costs + vacancies + deadbeat tenants. looking at the rents around id be lucky to even get 2.6k for such a house. So If anyone is out there investing in San Diego and making decent returns id be interested in knowing how you do it. Because I am having trouble finding anything worthwhile and im not sure if the market is just shit or if its because im not looking hard enough or im doing the math wrong [link] [comments]  |
| What steps and procedures do you go through when looking for roommates? Posted: 17 Apr 2019 08:18 PM PDT Not sure if this is the right place, but just looking for some insight and advice for the question in the title. 1.I am currently sending the rental lease first, so the applicant can review it.
Just started the process to look for roommates. Any changes advised? Thanks. [link] [comments]  |
| Title insurance Payment, should I accept? Posted: 17 Apr 2019 05:17 AM PDT TS;LR Should I accept a check from title insurance based on questionable assumptions? Does accepting a title insurance check admit that a neighboring claim on portions of my property are valid? Ok, I purchased a house in 2017, got title insurance. Last year a subdivision started building behind my lot. They built a retaining wall on my land. They say its their land and that based on their plat from 2001 my land is 8 feet further south, which would put my land 8 feet in the public road. My deed from 1936 says my lot starts at the road, but unfortiuneitly was not plated until 2015. I file a title insurance claim. From my own investigation my deed outdates the subdivision by decades and the historic subdivision deeds when created, specificly names my lot as excluded from theirs. The title insurance company said they would investigate the situation, even saying they would have a ATLA survey done (never happened). The title insurance stops replying to my emails or returning calls. A year passes, I get a check for $4500 as well as a very detail loss of land report done by a appraisal agent. The report does not go into wither the land is mine or not it just provides the value of 300sq of land lost. So here's my dilemma, whether by my interpretation OR the subdivisions interpretation, I have not lost any land. I have lost 300sq ft of land in the back but gained 300sqft of road in the front. Should I accept a check that is given to me based on the assumption that I lost 300sq feet of land, which isn't true? If I accept the check does that mean I am agreeing to the assumption that my land has shifted south (subdivisions interpretation)? follow on question, If I decide to just say F- it and take the money, and say that the road isn't mine either and therefore my land IS 300sq feet smaller, my deed (and plats) would then be factually incorrect, I couldn't sell my property until I changed the deed. Would the cost of changing the deed and getting it resurveyed be covered as damages for a title insurance claim (typically). Before you all say anything, yes I know I should talk to a lawyer, but they aren't cheap and it doesn't seem worthwhile to spend more on a lawyer than the stip of land is even worth. EDIT: This land was surveyed twice, in 2015 and 2017 (when I bought the property) as starting at the road (my interpretation). However, since this has happened I had asked the original surveyor to check it out since his survey conflicted with the subdivision's. My surveyor changed his assessment and quickly agreed with the subdivision's surveyor, even though it completely disagreed with my deed. When I asked why the change, I was told that my plat has to match what the neighboring plats are regardless of what MY deed says. [link] [comments]  |
| I think i hit a snag and i am starting to get worried Posted: 17 Apr 2019 12:11 PM PDT My closing is in 13 days and i am starting to worry that something will go wrong. My appraisal came in and everything was fine with, it matched the amount of the house. However, my lender did not notify the title company that they were fine with the appraisal, so the title company did not request the surveys. I received a document to sign from the lender which listed a few things that were still needed. I had everything ready well beforehand so i got it altogether within 5 minutes and sent it over, that's when the loan officer called me and said they need the Survey. I quickly contacted the title company and asked about it. They said they couldn't order the survey until the lender approved the appraisal. I got the title company and the lender on an email and had the lender confirm everything was fine. So the title company replies and says i should have the survey by next monday (the 22nd). I get an email today, sent to only me, from my lender stating that i need to have all my documents sent to the underwriter today due to contingency being 4/20, so we can get commitment issued by 4/19. This bothered me because the officer was on the email from the title company stating that they would have the survey on the 22nd, which is after the proposed deadline. I kindly sent an email to the loan officer, the loan agent, the title company and my real estate agent voicing my concerns that somewhere along the lines, communication broke down. And i know it wasn't from me, because as soon as i got an email or call, i provided what was needed from me within 5 minutes (i.e. pay stubs, homeowners insurance binding, copies of inspection, escrow submitted the very next day after offer, etc.). My part was taken care of right away. So my question is, did i make a mistake some where along this process? Can i be held responsible if the deal falls thru or gets delayed? What are my options if the survey is not sent over in time? The agent made it very clear to me that they need that in order to move forward? Sorry for the long message, but everything was going so smooth up until today. Thanks for any feedback. [link] [comments]  |
| Posted: 17 Apr 2019 03:55 PM PDT Hey r/RealEstate – I posted this in another sub, and I hope this fits well here! Just a college student who needs some help! I'll be moving out of an on-campus apartment and moving into a house with a landlord for the first time later next month. I just met with the owner(s) – which i found on craigslist – of the house and they seem pretty chill. We walked through the room and we verbally agreed that I would be moving in, in a few weeks. Nothing was said about a lease, or security deposit. And they didn't really ask me about myself (credit check/or even last name lol). Is this normal? Should I call/text them to see if I need to sign a lease before moving in, I'm assuming I do...but nothing was said about it? This is my first time doing this, so I'm totally lost so all help is appreciated! Also, what am I looking for in the lease? We verbally agreed on rent + ~utilities cost and timeframe. Do I just ask for the lease contract to sign? [link] [comments]  |
| If the seller is trying to flip the house I’m buying does it cause hiccups from the lender? Posted: 17 Apr 2019 07:27 PM PDT We are two weeks from closing date and everything seems to be in order but my lender made a quick comment of "Well everything looks in order but now we just need those papers from your seller since he just bought that house 3 weeks ago as a foreclosure so sit tight." Is this a big deal? Appraisal came back at 142K and we agreed on 140K purchase price. Already have the 7K down payment and 7K closing costs. [link] [comments]  |
| Posted: 17 Apr 2019 06:25 PM PDT Hey guys, I bought a home 3 months ago and it flooded. The area was in a flood plane but never flooded before. Lots of neighbors are condemned and not coming back. I've fixed everything but there is now mold in the basement. Once I fix that is it a good idea to sell it again with all I've put in? Or is it's going to be hard to sell it for near what I bought it? I am a first time home buyer and already hate my home. Any opinions would be appreciated! [link] [comments]  |
| How to get the most out of an inspection? Posted: 17 Apr 2019 06:23 PM PDT It seems like everyone we know who buys a house has an expensive surprise that wasn't found at inspection. My expectation isn't that every tiny thing will be documented but we'd like to do everything in our power to make the inspection as accurate as possible. I've spoken on the phone with 6 inspectors. One was very condescending and an other admitted to being drunk. Of the remaining 4, I read their sample reports and we plan to use one of the two who's reports were the most intelligible. We also plan to both attend the inspection but other than that any tips on making sure we get as full a picture about the house as possible? Thanks. [link] [comments]  |
| Husband wants to purchase our first home, I'm a bit distressed about the idea Posted: 17 Apr 2019 06:11 PM PDT Hi all. My husband (23) and I (22) have been renting for about 3 years now all across 3 different states. My husband is AD Navy and I'm a student and homemaker. We have a loan for a vehicle ($12k left but at 17.75%) and two credit cards (which are at 6% of the total limit). My husband randomly brought up wanting to purchase a home with the VA loan at our next duty station because it would be a good investment opportunity and he will be shore-stationed. I have two friends who are realtors who said not to purchase based on his credit score and our debts. We attempted to get a loan about 6 months ago and couldn't even be approved for $170k. I'm afraid the same thing will happen again; being declined until his credit is in the 700s. What I'm asking is: should we continue to rent after this duty station (2 years or so left) or buy at our next duty station? We would have these 2 years (give or take) to fix his credit and save money for inspections and such for the property we intend to purchase. I don't want to make the mistake of buying something we can barely afford. [link] [comments]  |
| How to assess HOA before buying? Posted: 17 Apr 2019 06:05 PM PDT Hi all, my fiance and I are getting ready to put in an offer on a tenancy-in-common (similar to a condo but with some financing idiosyncrasies) in the Bay Area and have a few questions. It's a 6 unit building and we have copies of the TIC budget, outstanding dues and financial disclosure. I read it's important to make sure the HOA has adequate reserves - this one has about $17k in reserves, but how do I know what amount is adequate? Also, it seems that all the owners besides the unit being sold have outstanding dues -- at least $3500 each. They are currently paying $1k/month into a fund for a seismic retrofit next year, so our agent thinks it may have something to do with that, but we haven't gotten an answer from the selling agent yet. Offers are due tomorrow - would it be unwise to sign an offer without answers to these questions? How do we go about finding out adequate dues, etc? Anything else we should look for would be great ... like I said we are first time buyers so trying to be informed as possible. Thanks! [link] [comments]  |
| All You Agents Need to Up Your Game! Posted: 17 Apr 2019 11:43 AM PDT |
| How to remove doorknob from door that is locked from the inside? Posted: 17 Apr 2019 05:19 PM PDT After I bought a rental property, I realized that the seller forgot to give me a key for the outdoor storage room/closet. I asked the tenant to take a photo of the door so I can send it to a handyman. I need him to replace that lock. How would the handyman remove this lock without damaging the door? I'm guessing the screws for the lock can only be accessed from the inside of the door. [link] [comments]  |
| New Home construction - Home Inspector will not inspect for compliance with building code Posted: 17 Apr 2019 04:10 PM PDT [MD] I'm trying to understand the inspector's inspection agreement... "Client understands that the inspector will not inspect for compliance with local building codes and questions regarding compliance should be directed to the appropriate local officials." Doesn't this defeat the purpose? [link] [comments]  |
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