Did you know mortgage comes from French and means “death pledge”? Real Estate |
- Did you know mortgage comes from French and means “death pledge”?
- N.C - Can I sue my mortgage lender?
- How do you feel about property near electrical lines/towers?
- Home inspection found significant mold in the attic
- Buying a home with lead paint: Worth it to worry?
- Seller wants to keep all appliances!
- Negotiation Tactic after Home Inspection
- Can I still hire an agent after visiting an open house by myself?
- Contingent offer on my home
- Seller has not completed agreed repairs, and we close in a few days. (TX)
- NV landlord tenant disputr
- Is this normal?
- Administrative Fund Account, Australia
- Refinancing after paying points originally
- Advice for 4 young men renting a house for the first time?
- Unresponsive listing agents
- Will any lenders consider future rental income from my current residence to offset Debt-to-Income? - Virginia
- How to judge property taxes and evaluate?
- Seller is backing out
- Transfer property from sibling to my name?
- [FIRST TIME HOME BUYER][GA] I've never done this before and I'm absolutely lost. What do I do?
- Can I determine lot value from prices of nearby homes?
- Does buyer and seller both pay the realtor agent a fee?
- Brownstones at the Village of Valley Forge - TollBrothers - King of Prussia PA
- Please help! I’m at a loss of what to do
| Did you know mortgage comes from French and means “death pledge”? Posted: 15 Jun 2019 04:05 PM PDT |
| N.C - Can I sue my mortgage lender? Posted: 15 Jun 2019 11:19 AM PDT I'm a first time homebuyer in N.C, I did a little research on different types of loan programs and assistance and found USDA and FHA's down payment assistance to be my best options. When I called my lender she told me I qualified for both but that USDA would have better loan terms, so I find a house and apply for financing with USDA, Fast forward a month and we are 3 days from closing and the attorneys office has not recieved closing documents, so closing was delayed a week. The weekend before our next scheduled closing we discover my mortgage company over looked the appraisal report where USDA required repairs, so the seller makes repairs and we schedule another closing. Unfortunately, the lease on my apt is up and I have to move out, so the seller allows me to move in early for a daily fee. Once I move in I find out USDA has rejected the loan and we now have to use FHA. It turns out that the loan terms with FHA were actually better and would have saved me time and money had we chosen that route, but the lender would have made more money off of me with the USDA loan because it was 100% financed, where as with FHA I have the down payment assistance. Now because of delays due to their negligence, I've incurred more fees, I've lost $1800 in seller credits and will have to pay out of pocket at closing. I really feel like I'm getting shafted and would like to take legal action, any advice? [link] [comments]  |
| How do you feel about property near electrical lines/towers? Posted: 16 Jun 2019 02:14 AM PDT According to the first google result, a safe distance to be from power lines is 10-200 feet. For metal towers, 700 feet. Would you buy a condo/house near these? If so, how would you adjust the price per square foot in relation to proximity? What else is there to consider regarding power lines/towers? [link] [comments]  |
| Home inspection found significant mold in the attic Posted: 15 Jun 2019 06:16 AM PDT I'm currently in the inspection period in a contract to purchase a home. The inspection came back mostly with minor issues, save for the mold in the attic. It's pretty significant, the inspector estimates 12' x 12' of a mostly solid dark appearance with spotty mold spots extending beyond, plus one small moldy area separate from the main area. The inspector is guessing the main area is due to inappropriate bathroom venting into the attic. But he also said that the soffit vents in the roof may be blocked due to added insulation, but he could not check this without trampling insulation which would damage it, so he's not allowed to do it. I am going through a divorce, have 2 little kids, and don't know a lot about home ownership so I'm tempted to just bail. However a lot of what I've read online says this issue is relatively common and not necessarily a deal breaker. Most of the other pictures I've seen online seem to be smaller amounts of mold though. So I'm considering two options. One, is to walk away. The other is to require the sellers to fix the bathroom vents so they go outside, make sure the soffit vents are unblocked, and remediate the mold. That seems like it would be sufficient, but I'm also reading stories online where there is also mold under the insulation, and some where the roof needs to be at least partially replaced, and it makes me shift back to wanting to walk away. I like the house but I feel like I can find something similar again. Mostly I'd be out inspection money and I'd piss off my realtor, who doesn't seem to think its a big deal. Thanks for reading and any help would be apreciated. [link] [comments]  |
| Buying a home with lead paint: Worth it to worry? Posted: 15 Jun 2019 06:06 PM PDT We have made an offer on a home and with that came the lead paint disclosure (1972 home). It was a rental for the last 6 years and before that, the sellers' mother lived there. The sellers inherited it and have never lived there so they have no idea about anything, including lead paint. We plan to get a lead paint inspection, and if we find anything we will replace the front and back door, an original-to-the-home picture window in the kitchen, and clean the air ducts. The windows were already replaced in 2013. I'm still a little worried that doing things like opening my closet doors, etc will scrape the paint over time and stir up lead dust. Do I need to replace every piece of trim and every door in this house?!?! Note: We don't have kids yet, but that's why we're buying a house. We'll be starting our family immediately. [link] [comments]  |
| Seller wants to keep all appliances! Posted: 15 Jun 2019 07:02 PM PDT My wife and I are currently hunting for our very first house and just put in our first offer a few days ago. We were very excited until the counter-offer came back. The seller bought brand new appliances (fridge, stove, dishwasher, washer and dryer) right before listing the house for sale. The photos in the listing showed all of these beautiful appliances, and it really was a selling feature that pushed us toward buying. Well, they wanted to keep all except the dishwasher! They were even planning to take the light fixtures and the fireplace. This is over $10,000 of appliances that they wanted to keep. The sellers were looking to buy another house, and our realtor did some digging and found out that the house they were trying to buy already has nice new appliances. So what I am sensing here is pure greed, and testing to see if we were gullible enough to take this deal. It seems that they want to sell their new appliances and make a buck, leaving us to buy all new appliances after buying an entire house from them. Honestly, if the place had no appliances I wouldn't have even put in the offer! If the online listing mentioned taking everything I wouldn't have looked at it. So my question is, is this a common thing? Is it regular and acceptable to list the house in one condition and then insist on stripping everything of value out of the place? It left me with a bad taste in my mouth and I'm wondering if we need to be weary about this sort of thing going forward. [link] [comments]  |
| Negotiation Tactic after Home Inspection Posted: 16 Jun 2019 01:57 AM PDT I just open escrow on a house bought $685k. Originally was priced $735k and dropped down to $700 after a month. We negotiated down to $685 after seller agent (my agent too) agreed to eat less commission. Seller refused to go down further than $689k. I did home inspection and camera scope the sewer and it was all good except cosmetic stuff. No major stuff. Agent informed me that they aren't willing to fix things and they has another offer from another buyer close to asking. Should I just proceed with the sell instead of negotiating for repair credit on minor things? We have a huge deposit and no problem with financing and the seller agent is my agent. [link] [comments]  |
| Can I still hire an agent after visiting an open house by myself? Posted: 16 Jun 2019 01:55 AM PDT During our early house-hunting stage, we (spouse and I) found some listings online (zillow, redfin etc) and visited open houses and model homes before hiring any agent. Now that we would like to make an offer on that house, can I hire a buyers agent to act on my behalf? Or am I obligated to use the builder/seller's agent because they showed me the property first? This is in New Jersey. [link] [comments]  |
| Posted: 15 Jun 2019 07:21 PM PDT After being on the market 3 weeks and having 6 total showings, I finally got an offer on my house. The person offered asking price with 6% seller's assist, but requested that I leave some or all of my furnishings since they won't be able to afford to buy furniture. I staged the house with my own things, but that is all of the furniture I own. I refuse to leave my brand new couches, my dining room table and the furniture I restored for my daughter's bedroom. That leaves some crappy dressers, a futon and a twin size mattress on a cheap frame. I'm not sure that would be enough to keep the buyer interested. I'm not totally sure what to do here. [link] [comments]  |
| Seller has not completed agreed repairs, and we close in a few days. (TX) Posted: 15 Jun 2019 08:42 PM PDT Hi All. We did our walkthrough today (6/15) ahead of closing next Weds. (6/19). I am a little concerned that the seller has not done many of the the agreed upon repairs:
The master bathroom shower pan was leaking to outside the home, but supposedly this was fixed (I need to verify). The seller agreed to fix all of the above in a signed addendum to the contract, but that was 2-3 weeks ago and much of it still hasn't been done. Our realtor said more repairs are scheduled for this weekend.... but tomorrow is Father's Day and I'm pretty sure they aren't doing much of anything else to this house before we close. Realtor said we could put it in writing somehow that they fix the remaining repairs after the sale... which makes me wary since they didn't honor their word beforehand. Realtor mentioned we have 3 years after the sale to raise issue about unfixed repairs in the contract addendum, but again this makes me wary. Hoping to get some advice from people more familiar before crunch time -- thanks! EDIT: We're buying from a company flipping the house, not an individual. [link] [comments]  |
| Posted: 15 Jun 2019 11:21 PM PDT Just trying to get some perspective on the situation here. Any input appreciated. Obviously not going to give specific details for obvious reasons. Landlord posts a house for rent. Tenant sees it with own agent. Tenant signs lease with landlord. Lease specifically says "tenant deems house in acceptable conditions" as one of its terms. Tenant pays rent and deposit. First day of lease during the walkthrough, tenant complains about various things in the house. Landlord indicates will fix most things. Dispute arises on a specific thing that tenant absolutely wants to get fixed but landlord absolutely will not fix. Disclaimer, this thing is NOT a health or safety hazard and is more of a luxury item. Tenant proceeds to find county tax info that indicates this thing should be in the house. Tax info is pulled from last sale of the property, or even earlier from when the house was built, could have been like 10 years ago or more. This thing was not specifically included in the rental listing, though tenant seems to think it was. Tenant also finds an old listing for sale of this property from a year ago that has pictures showing this thing is in the house. Even though the current rental listing shows that this thing is NOT there. For example, let's say the listing said the house has a patio. Tenant pulls up definition on Google and one of the definitions states specifically: "a roofless inner courtyard in a Spanish or Spanish-American house." So tenant says because this house is not a Spanish or spanish-American house, the covered and paved area outside the backdoor can't be called a covered "patio". Negotiations break down, tenant wants to withdraw, landlord indicates that if tenant vacates, it will be considered a default on the lease and tenant will forfeit all security deposit plus already paid rent. More negotiations follows, landlord eventually concedes and agrees to fix that specific item the tenant requested, and give the tenant 15 days of rent credit. Tenant refuses and wants landlord to void the original lease and resign the lease for a later date when the repairs have been completed. Landlord refused and negotiations broke down again. So who is right? For reference, Nevada law states the following, paraphrased:
Law does not provide specific actions or remedies for if it's not. Later on the law says in another section. 14. If everything not okay in the house, landlord has 14 days to show reasonable effort to fix them. [link] [comments]  |
| Posted: 15 Jun 2019 10:48 PM PDT So my dads looking to buy a house in Los Angeles. It has a listing price of 570k. Our agent said that they want an offer before allowing us to see it in person. She sent my dad an offer for the full asking price. She said we could always bring down the price after or cancel if we dont like the property. Is that normal? This is my first time and trying to help my dad through the process [link] [comments]  |
| Administrative Fund Account, Australia Posted: 15 Jun 2019 10:06 PM PDT Hi Is there some advice I can get on setting up an Administrative Fund bank account. My sister and I own Lots 1 and 2 of a duplex in NSW and we are starting a self-managed body corporate from scratch. Do we need to register ourselves as a company so that we can set up the account with the bank or can we set up a personal type account and use that? [link] [comments]  |
| Refinancing after paying points originally Posted: 15 Jun 2019 09:50 PM PDT We bought our house last year and paid points to buy down the rate. Now that rates have come down further, how do I take those points I paid last year into consideration for the new rate? Thanks! [link] [comments]  |
| Advice for 4 young men renting a house for the first time? Posted: 15 Jun 2019 05:50 PM PDT Hey y'all, me and three friends are planning on moving into a home in Salt Lake city, but none of us have rented any apartments or houses before and hear it will be hard for Realtors to want to rent to us. Any advice? Thank you [link] [comments]  |
| Posted: 15 Jun 2019 08:32 AM PDT Is it normal nowadays for listing agents to ignore inquiries from buyers and/or their agents in hopes that they'll just figure out how to schedule a showing (e.g. through ShowingTime or a local MLS) and make an offer if interested? [link] [comments]  |
| Posted: 15 Jun 2019 09:25 PM PDT I'm wanting to move but also keep my current residence and rent it out. Will any lenders use that theoretical income to offset my Debt-to-Income? I currently receive $1000/mo for an accessory dwelling. I would likely be able to get another $1,400/mo for the main dwelling. Mortgage roughly $1,200/mo. Only show rental income ($1,000/mo) for one full year so far on taxes (last year). The price point is $200k-$300k. [link] [comments]  |
| How to judge property taxes and evaluate? Posted: 15 Jun 2019 08:52 AM PDT Hey all. I'm looking to purchase in one kf the suburban counties immediately outside Philadelphia. The property taxes are all over the place... sold are 12k+ a year, some are 5k, while others are 8k but a few years ago were 4K... is there any rule of thumb or recommended advice when navigating the tax burden/implication of home ownership. Some are these areas have great school districts which would justify the cost of taxes, but some have seem to be rising by a steady 10% every year... not sure if that's just price gouging home owners or if that's just status quo ? Any perspective or insight into things to consider or ways to evaluate tax and reasonability? [link] [comments]  |
| Posted: 15 Jun 2019 08:53 PM PDT No contingencies in place. Paragraph 24 states buyer (me) can get my EMD back and pursue legal action.... seller is backing out because they say she lost her job.... it sucks, I know... but, I have 33 days to find a place to live now as I sold my condo to move to this house. Can I represent myself in court? Do I bother with court? I'm out inspection and appraisal fees, also now I will need to move twice presuming I rent and then buy. Really pissed off now. [link] [comments]  |
| Transfer property from sibling to my name? Posted: 15 Jun 2019 11:25 AM PDT Hi guys, if anyone has any advice on the quickest and cheapest way to do this please advise. I'm trying to transfer a house that is currently under my sister name (has a mortgage) to my name. I can get another mortgage if needed or keep the same one. What would be the quickest and cheapest way to do this ? Thanks [link] [comments]  |
| [FIRST TIME HOME BUYER][GA] I've never done this before and I'm absolutely lost. What do I do? Posted: 15 Jun 2019 08:41 AM PDT I make $38,000/yr right now as an Uncertified Police Officer. Once I'm certified I will make 42,000/yr. My wife can't work because she just recently immigrated here from Brazil and is waiting on her greencard (~9mo wait time). And we have a kid. We're currently living with my parents paying them $400.00/mo to contribute with expenses. I commute 40 - 60min from the city I work in and the department prefers that I live closer to work. Plus, the city in which I work in has the best schools in the state. Unfortunately, I spent 15 years of my life abroad and have only been back in the US for a year. So I have no idea on what I'm doing. I don't know how to choose a realtor. I have no idea whether to choose credit union x local loan agency. We really want a home but are completely lost. Are there any courses that we can take? Or any tips off the top of your head? We greatly appreciate it. [link] [comments]  |
| Can I determine lot value from prices of nearby homes? Posted: 15 Jun 2019 01:41 PM PDT I probably did not word that title very well, so here's an example: Let's say we're in a neighborhood of $500k homes (around 2500-3250 sqft) with assessed land values of around $170k. What's a fair selling price for a lot? Side question: How much does a lot being cleared and ready-to-build add to the value? [link] [comments]  |
| Does buyer and seller both pay the realtor agent a fee? Posted: 15 Jun 2019 07:10 PM PDT I saw this in the news. Like both buyer and seller pays the realtor agent 3% each (total of 6%). The news story was something about regarding buyers should have access to MLS listings (I always thought they did) so that Realtor agents aren't the only ones that have access to it for potential buyers...something along those lines or automating available listings so that buyers have access to it and not have to pay an agent a fee, only the seller pays the fee...etc. [link] [comments]  |
| Brownstones at the Village of Valley Forge - TollBrothers - King of Prussia PA Posted: 15 Jun 2019 05:55 PM PDT Seeking others who have purchased a Brownstone at the Village of Valley Forge, King of Prussia PA [link] [comments]  |
| Please help! I’m at a loss of what to do Posted: 15 Jun 2019 09:10 AM PDT My shower wall caved in today, it was black behind the tile and the Sheetrock was moist. I suspect this is black mold. From what I've researched online my homes owners insurance will not cover the repair. I filled a claim anyway and am currently waiting for them to call me. I have no savings, no extra money what so ever. What are my options? I'm assuming my bathroom will need to be gutted and the mold removed . I can't see any way to pay for this but taking out a loan. I probably have like 1500 available in my credit cards. [link] [comments]  |
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