The average house in Dublin is 10.5 times the average salary in Dublin. Real Estate |
- The average house in Dublin is 10.5 times the average salary in Dublin.
- Tenant in Jail and abandoned the property. What should I do with his personal property?
- Urgent - CPAs disagree on capital gain taxes owed on property, and must decide whether a sale is viable
- Telling realtor nevermind on buying?
- What’s the premium on new construction?
- What’s the best way to get leads as a new agent?
- Home Inspection. No fire separation wall between garage and home
- Funds for mortgage pre-approval
- What exactly am I dealing with for this property?
- Will low income housing near me lower my home’s value?
- Inspection and repair addendum issues help.
- Shopping Around for Lender
- Real Estate Developer
- Loan question
- Colorado long-term value increase potential
- First-time Buyer Question about Downpayment
- Feeling discouraged
- Fixer upper logistics
- Is it normal of not changing status of home to pending?
- How Much Time Required to Buy a New House
- How to balance buying a house and changing jobs?
- Looking for a place friend has a record?
- What is the best way to research a real estate agent?
| The average house in Dublin is 10.5 times the average salary in Dublin. Posted: 01 Apr 2019 08:58 AM PDT |
| Tenant in Jail and abandoned the property. What should I do with his personal property? Posted: 01 Apr 2019 09:30 AM PDT I have a tenant who is in jail, and I expect him to be there for 3-6 months. In my state, the property is considered abandoned if the rent is 15 days late and there is no sign of the tenant. I posted the Notice of abandonment and waited the appropriate time to reclaim the property. I had to move, store and hold his things for 15 days legally and his 15 days are now up. After 15 days I can sell his personal property to make up for the lost rent or donate it. My concern is that he has cabinets of legal documents, medical documents, work documents, tax information and court documents left in the property, along with his clothes. What should I do with these things? I have called his emergency contacts and they all live out of state hours away and will not come to pick up his left over things. I don't want to throw out his legal documents. What's the logical thing to do in this situation? He trashed my property and was smoking inside, so I am bitter about what he did, but I also don't want him to get out and find he has literately nothing. Any advice? Edit: 3-6 months in jail. The problem with calling is that I cannot talk to an inmate over the phone obviously, and the public defender is someone who represents so many people. He was sentenced weeks ago and the public defender isn't responsible for these matters. The jail is about an hour away, and I don't like him enough to go above and beyond to drive to him to see whats up, especially once he learns his things are being sold at auction, with the exception of his clothes and paperwork. He has no family here as far as I know. [link] [comments]  |
| Posted: 02 Apr 2019 03:11 AM PDT Capital gains tax owed on a property. Property was bought for $10,000 in 1952 in California. Sometime in the mid-70s, the owner of the house added her son as co-owner, thinking it would help him. It turned out to be a nightmare for taxes. He inherited the property in 1998. Appraisal at that time. was somewhere around $200,000. The present value is approximately $400,000 today. The property was not re-appraised in the 70s. The mortgage owed is $200,000. Taxes [20% federal, 10-13% state] could be anywhere from $60,000 to $130,000. We talked to a bunch of different CPAs. Some of them say that because he was the co-owner in '73, he owes taxes for all that time. Some say that he owes half of it to 1998 and half to 1952. One CPA said that he owes only the capital gains back to 1998. He said this rule is not well understood. Supposedly, because it was gifted to him in the 70s, gift tax basis is always recalculated to the inheritance time. We would like to believe this. What really matters is what the IRS says. Is there any evidence that can show that this is the true answer? What are your opinions on taxes owed by my father in this type of situation? IRS: Is there a department or number I should call and what should I ask? [link] [comments]  |
| Telling realtor nevermind on buying? Posted: 01 Apr 2019 07:41 PM PDT My husband and I have rented for years and both recently got much higher paying jobs so we decided, okay now is the time to buy a house. We got pre-approved for $300k, found a realtor and started looking. Since we only have about 4% saved for a down payment we were pre-approved for an FHA loan, which means PMI. Our lease is up in June so we started looking in February. Initially when we started looking we wanted to stay under $250k. But the area we are looking at has a very hot market right now. Houses get listed and sold the same day for over the asking price. So we increased our limit to $275k. Our realtor has been great to work with, showing us houses in the evenings and weekends the same day listed since things move so quickly. We put offers on two different houses over their asking price and both times the seller accepted a higher offer. Now here we are two months later, she shows us a new construction house which was very nice but $285k, more than we want to spend. This made my husband and I take a step back and ask are we making the right decision? Is now the right time to buy? We came to realize maybe this isn't meant to be and buying such an expensive house means living uncomfortably. We'd rather not double our monthly rent on a mortgage and save that money instead. So now after two months of house hunting, we want to just get an apartment for a year. Our realtor has been great to work with, very responsive and knowledgeable. I feel bad about this but I think at this point renting for another year is what is best for us. How is the best way to handle this? [link] [comments]  |
| What’s the premium on new construction? Posted: 01 Apr 2019 05:43 PM PDT Potential first-time homebuyer. I have a colleague building a home on a lot in a great neighborhood. He has offered to sell it to me turn-key. He's asking for nearly $80k above houses in the neighborhood (it's historic, so houses are 80-100 years old). It's not custom-built, it's pre-designed plans. Is a new house worth that much of a premium? What is "fair" here? [link] [comments]  |
| What’s the best way to get leads as a new agent? Posted: 01 Apr 2019 05:16 PM PDT Fairly new Sales Agent. I've had my license about a year. I kept my 4 day a week job, so I still have steady income while building real estate clientele. My first year I did pretty well. I sold about $2.5 million. I'm working for a small agency on the outskirts of a large city. My broker is my mentor and is extremely helpful. The only thing is she doesn't push us, and we do no cold calling, etc. I got lucky my first year because lots of my friends happened to be moving. But now, I'm at a loss as to how to generate business! I'll admit I'm HORRIBLE at selling myself. I hate to come off too pushy. But it seems that the pushy people are getting the listings. Can you experienced agents give me some guidance here? And what's the best way to market myself? Social media? Send out flyers and post cards? HELP!! [link] [comments]  |
| Home Inspection. No fire separation wall between garage and home Posted: 01 Apr 2019 12:30 PM PDT Hello all, we just did our home inspection (as a buyer). Overall the place is in prettt good shape. But early on the inspector pointed out that there is no fire separation wall between the house and the garage. House was built 1990 and attached garage was built 1999. Its a log home. The inspector speculated that it would be difficult to add sheet rock at this point since theres not a good way to deal with moisture in the wall. Meaning the house walls are wood and have been exposed to exterior. Adding drywall over them would trap moisture between the drywall and wood and create issues. So my question is...what can be done to solve this issue? Does it need to be solved? What type of costs are we looking at? Will will be able to get insurance? Thanks for your consideration. [link] [comments]  |
| Funds for mortgage pre-approval Posted: 01 Apr 2019 11:22 PM PDT I will be going through the pre-approval process in a couple of weeks and currently have the money I will use for the down payment spread out over 3 accounts, traditional bank (checking/savings), stock broker, and cryptocurrency broker. Do I need to move the funds from my two brokers to my traditional bank account for the pre-approval process? If I do/don't, how would this affect the loan/terms? Both accounts are liquid and have been for months, if that makes a difference. [link] [comments]  |
| What exactly am I dealing with for this property? Posted: 01 Apr 2019 04:48 PM PDT We own our home. This is a residential neighborhood in a city of 20,000 people just outside of Atlanta, Georgia. Next to us is a 2-bedroom house that is a rental property. 2 years ago a Hispanic man, woman and child moved in. Shortly after they moved in, more traffic to the property started and increased with time. Soon after they moved in, they started an illegal burn barrel in the back yard burning trash, wood, cardboard, brush, leaves, etc. Not allowed in the city. The smoke was coming into our house and also smoking up the neighborhood. I asked the two guys burning it (the tenant and his visiting friend) if they knew it was illegal and he said, "Yeah, I know." I snapped a photo and later sent it to the landlord. Eventually they started having loud, drunken parties with dozens of people and all kinds of crazy stuff going on. Most of their visitors are Hispanic men who tend to act aggressive and be provocative. During one of their parties in their back yard, a family member was mowing our front yard and one of their visitors parked across our driveway and said he could "park anywhere that he wanted." Police came out for that and for his threats and told a bunch of them to get out of our driveway and go back to their property. At another party, a bunch of them started screaming threatening things at me in my back yard while taking our house dog outside. I took a photo of a line of people that were screaming at me over the fence, where even the women are holding toddlers aggressively by the hand as if trying to get them to scream at us. It's a bunch of Hispanic drunks that thought they would move in and take over by force of a large number of people. Late 2018, police came out 5-6 times at least for noise ordinance violations. They saw and heard the loud music. At one of them, the male tenant was so drunk that he couldn't understand why the cop was screaming at him to turn the music off. he had a vehicle in the driveway with all four doors open and music blasting at midnight in violation of the ordinance. Another time during a party with at least 30 people there, multiple police units responded and they were "taunting" police in their back yard by making more noise. Never could get police to find them. Code Enforcement says it is the police who should be doing it and the police would say it is Code Enforcement that writes the fines. There are at least two families living in that property and the landlord claims it is just a man, his wife and kid. In the morning, a white van and sometimes a blue van picks up people coming from that house. In the late afternoon and at night, one or both drops off people at the house and they go in and stay. They live there. The more people living there, the more they basically get out of control and get a little confident. House is owned by a company called "Freeport Title & Guaranty" based in Atlanta, Georgia. A man by the name of Mike Florence is listed on the property records. No phone number on the property records. He's listed on there as CEO/CFO of the said Freeport company and they have some lady listed as a secretary or something. Yet no phone number. So I searched for that guy's name online and he's some odd real-estate lawyer or something. I sent him an email about what we're dealing with. He replied back that he doesn't have anything to do with the property or tenants. He forwarded my email to a "property manager" who basically won't give me a phone number. He doesn't want to deal with his tenants and only wants to use email. I have sent that property manager photos and videos of their threatening behaviors, illegal burning in the yard, etc. He even claimed to have called the police department and said that he "doesn't have a reason to put the tenants out because they appear to be law-abiding citizens." This company also goes by "Fine Decatur Homes" and "TDH Holdings" and probably a number of other names. What exactly IS this scenario with this property? Is it some investment company hiding itself or what? A while back, someone attempted to burglarize/steal our vehicle. They damaged the door handle. We've lived here for decades and have never had that happen. Likely from one of them next door. Also, I walked out of my back door one night not too long ago and someone was standing in their front yard. When I opened the door, they bolted out of their yard in full sprint out to a blue van, jumped in it and it went speeding down the street. It was not cold, but their face/head appeared to be covered. There's a lot of weird stuff going on there. We have since alarmed the car with a system and shock sensors and I have notified the landlord that I'll soon be putting up a security camera system with night vision. If the tenants see someone in my family outside, they'll go out and squeal up the street in a vehicle to purposefully disturb/harass my family. A lot of them are clearly drunk when they leave the house and go peeling out up the road. I can hear them on other streets driving recklessly for quite some distance, squealing around. Ridiculous amounts of cars to the property on a regular basis. I have logged lots of tag numbers and vehicle descriptions. They have the equivalent traffic of a drug house. Code Enforcement said they don't deal with properties with Civil/Criminal issues. They also close at 5:30pm and most issues are later in the afternoon or night. They stated that even if they came out to inspect for more than one family living in the single-family dwelling, they wouldn't let them in anyway. They told me to contact police to random, regular surveillance of the property if they see a lot of cars/people standing outside and to also step up patrols in the neighborhood. They mentioned that a building inspector could go into the property. [link] [comments]  |
| Will low income housing near me lower my home’s value? Posted: 01 Apr 2019 06:17 PM PDT I've lived in my current home for less than a year, $360k new build. The long term developer recently sold a plot of land that was supposed to be set aside for the next phase of home construction. Now, they're building a low income apartment. Article says to qualify to live there, must make half of the city's median income. There's nothing our fledging HOA could've done about it, and they broke ground a few weeks ago. Will my home's value go down in the long run due to this? Should we just up and move so as to not lose value on our house? Our house is about two blocks away. If it matters, currently our neighborhood is listed as 290k - 500k and the median income of the few neighbors I know is around the 90k - 120k, whereas half of median income for the city is $43,860. [link] [comments]  |
| Inspection and repair addendum issues help. Posted: 01 Apr 2019 02:24 PM PDT EDIT: first time home buyer here. So we recently got an accepted offer! We were very excited, as this was our 6th offer we made over the past 9 months. The inspection took place last week, and was mostly benign (it's an old house, so we expected some issues.) I've read enough to know that the inspection report is not a checklist for sellers to fix before we buy, so I'm trying to be reasonable. There were 2 issues we were concerned about:
We had an independent HVAC contractor take a look at the furnace, and they got it to work, and cleaned the filter (probably never been changed) We did not expect the furnace to be in this bad of shape, so we were thinking this would be reasonable to ask the seller to replace the furnace, or at least give us a price break/cash upon sale to replace it.
Obviously we couldn't have known this when we looked at the home before offering, but because it is currently functional, is this something we can ask about? I'd be happy with splitting the cost with the seller. Is the repair addendum only for things that are capital-B Broken? Or is there room for repairing 'near-end-of-life' big ticket items? Our agent is being insanely vague about the whole thing. [link] [comments]  |
| Posted: 01 Apr 2019 09:19 PM PDT [Mortgage Rates] Is it okay to show lender B the worksheet we got from lender A? [link] [comments]  |
| Posted: 01 Apr 2019 08:31 PM PDT A real estate developer bought out a family member and took ownership in 1/8 of our farm. I found out from an open records request from the local school board that he responded to a public RFP putting the entire farm up for sale to the school board to build a new school. He never got approval from the other 7/8 of the owners. Can he do this? We sold our 1/4 to him because he threatened us with a partion by sale lawsuit. Do I have any recourse? He sold the land to the school board for 5 times what he paid us. [link] [comments]  |
| Posted: 01 Apr 2019 08:23 PM PDT I currently make about 42k a year, Last October I bought a new car and have it financed through the dealership. My Credit score is fairly decent but still under 2 years(hardly). If I wanted to get a loan from the bank to invest in some real estate property( a house or a duplex) Do i stand a chance for said loan from the bank? Lets say property around 200-225k for an idea. This is purposely kept vague as I have been afraid to waste my time asking since I cant even get a credit card due to loan amount being high on car ( i have several unused credit cards, dont want to look like im just raking debt up lol) [link] [comments]  |
| Colorado long-term value increase potential Posted: 01 Apr 2019 07:27 PM PDT Are there any good resources to gauge the long-term potential for housing prices to keep increasing? I purchased three years ago for $245k (Colorado Springs), now my home value estimates are anywhere from $300k-$315k... just curious what the next 10-15years might look like [link] [comments]  |
| First-time Buyer Question about Downpayment Posted: 01 Apr 2019 07:20 PM PDT I'm fresh out of college, have 35k saved, make 70k a year, and want to buy a condo around 170k in Charlotte. I'm not sure if it's foolish to spend all of my savings on the down payment so that I'm at least putting 20% in. Any thoughts? [link] [comments]  |
| Posted: 01 Apr 2019 12:26 PM PDT Looking to buy first home in Pennsylvania and am striking out; so far 3 offers rejected and feel like i'll have another one rejected today. My realtor tells me the sellers realtor has 11 offers... I'm not sure what i can do, i've been trying to offer enough to cover the sellers assist i'm asking for and give them asking price. I've written a letter to the sellers and really just feel like this process is awful and its not going to pan out unless i just setting for something i really don't want... any advice would be appreciated. [link] [comments]  |
| Posted: 01 Apr 2019 06:19 PM PDT I am considering purchasing a home in the US and have the 20% to put down on most of the properties I like. However, I just found a property that is about 25% cheaper than the avg home and it requires a lot of work. I would love to buy this home and fully renovate it. For the sake of this thread, let's assume a $1m home w/ no work needed vs a $750k home w/ $150-200k worth of work needed. My question is, if I put 20% down on this home, I will not have the additional cash to pay for the renovations (~$150k). How do I go about getting a mortgage AND getting a loan for the renovations? Can I wrap that reno into the mortgage? Is the only way to do this with a heloc? Would love any insight into this process, especially the timing and approval process. [link] [comments]  |
| Is it normal of not changing status of home to pending? Posted: 01 Apr 2019 01:47 PM PDT We are now in option period but the listing agent hasn't change to pending in website. Is it normal? [link] [comments]  |
| How Much Time Required to Buy a New House Posted: 01 Apr 2019 05:15 PM PDT I plan on entering into a contract to purchase a new construction home which will be built starting now and ending 6 months from now (around Sep time frame but I will move in Dec). I will be going to medical school starting in August and want to get all the work of getting the mortgage / inspection / etc. when the house is completed during my winter break for 2 weeks. Would this be possible? Could I do all of this and move into the house or will this take a lot of time on my part? [link] [comments]  |
| How to balance buying a house and changing jobs? Posted: 01 Apr 2019 03:36 PM PDT Hi all, I hope my question isn't too naive... My husband and I, in mid 20s, are currently renters in the city. We have been moving at least once a year since college and wanted to purchase our first home to start a family. However, he plans to change job later this year and I plan to change job next year. Admittedly, we both want the job that pays better so don't want to be restricted to certain neighborhood, as long as it's in the bigger metro area. This made our house search very difficult because we don't know where we will be at. My parents held the same job for their entire career and only moved once when I grew up. My generation is different - I have so many friends moving from east coast to west coast, or even to a different country. Nobody has entered the "settle down and have kids" stage yet. I imagine that we will change jobs every 3-5 years but will need to live in the house for 6+ year to make more financial sense. Do people just deal with longer commute when they change jobs? Or do they just stay at the job that closer to their home? [link] [comments]  |
| Looking for a place friend has a record? Posted: 01 Apr 2019 11:40 AM PDT Alright here's the situation. I am 25 and I am sitting on $52K. Perfect credit score. I am making around $25K-$30K a year. Me and my friend are looking for a place, he's 23. Credit score is fine not on my level but here's the issue. He has the folllowing on his record. "Class A attempt to possess conviction 2 felony possession, differed adjudication for both" Is this going to hold us back? Apartment, house, duplex? Would prefer a 3 bed 2 bath place. Worst case 2 bed 2 bath. Looking for some suggestions! [link] [comments]  |
| What is the best way to research a real estate agent? Posted: 01 Apr 2019 11:07 AM PDT |
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