Getting and keeping your home “show ready” Real Estate |
- Getting and keeping your home “show ready”
- What types of jobs are Home-Depot good at?
- Sellers requesting two extra days in house after closing
- Cast iron sewer main
- Who is getting the better deal?
- Looking for professional opinions
- Will my PMI always be this expensive?
- I found my dream house in my dream neighborhood at a reasonable price. Only issue is my current home isn’t even listed
- Buying house directly from neighbor.
- Looking for advice on a potential new home we are in negotiations with
- Good schools or good house?
- Am I out of line for asking this information for a landlord?
- We live in a desert and we're xeriscaping. Our neighbors are green lawn people. Will going through with xeriscaping help or hurt our property value?
- What do I do about my roof?
- Is it okay to contact the neighbors for a house I am looking to buy?
- Condo for sale with right of first refusal.
- Realtor Marketing Robocalls/Texts
- I’m an engineer, thinking about becoming a real estate agent on the side. Any advice?
- Posted a recommendation on NEXTDOOR for contractors but a lot of realtors are messaging me back.
- How much house is safe to afford? Husband and I disagree.
- Supposed to close on July 2, but closing disclosure was sent incomplete with drastic changes
- Does the company you list with matter?
- Will the Jacqueline Kennedy Onassis Martha's Vineyard Estate, Red Gate Farm, listed 65 million, be on Zillow later? Would like to see the property boundary on Google Map
- Mortgage while unemployed, but i have rental income?
- Commercial/Residential Real Estate Questions by Total Dummy
| Getting and keeping your home “show ready” Posted: 28 Jun 2019 06:56 PM PDT Sellers past and present of owner occupied homes- how much went into cleaning/ organizing/ maintaining your house to be "show ready"? Especially interested in hearing from those with toddlers/ small children/ pets. etc. Was your "show ready" home all that different from your "everyday life home" Thanks! [link] [comments]  |
| What types of jobs are Home-Depot good at? Posted: 28 Jun 2019 09:07 AM PDT I'm running into a problem where contractors are looking to score a home-run with every deal. Eg: quoting 15k+ for a small 2 day job they will simply outsource to minimum wage workers such as rug removal and vinyl floor install. Unfortunately I dont come from old money, or extremely wealthy, to be able to cut checks that large. Home depot seems to have very reasonable prices, for just about everything. My question is, what services can they perform well and which should we always avoid? [link] [comments]  |
| Sellers requesting two extra days in house after closing Posted: 28 Jun 2019 04:26 PM PDT We are first time buyers trying to get a house in a very strong seller's market right now. We found a house we would like to put in an offer on but the seller is requesting two extra days AFTER closing before turning over possession. The timing of it doesn't bother us, we can easily spare the two days, but the potential to do a final walk through only to find the house trashed two days later is off putting. Our realtor said clauses like that put off a lot of buyers for that reason but sellers can still push for it because people are so desperate for a house here. What should our thought process be here? We are thinking of still doing the offer without that extra two days but make clear that if they need extra time before close (so they can get moved out, etc) we are willing to do a slower close. Are we being overly paranoid? Is there a reasonable reason a seller would request this? The realtor suggested it's because they need the extra time to vacate since they are moving with a baby. [link] [comments]  |
| Posted: 28 Jun 2019 06:57 PM PDT Fiancé and I are pursuing a foreclosed home that was built in 1885. We got our home inspection and it went much better than we expected - no evidence of termites or wood boring insects, metal roof in great condition, foundation is good, only some minor electrical issues (my grandfather is an electrician) such as replacing outlets. We are having a sewer inspection early next week. The main looks to be cast iron, which makes me nervous as it is pushing 140 years old if it is original. There was a front porch addition in 1986, as well as new metal roof in 1986. My question is how likely is it that the sewer was replaced during that time along with those other improvements to the home? Was cast iron even still used in the 1980s? [link] [comments]  |
| Who is getting the better deal? Posted: 28 Jun 2019 06:15 PM PDT My brother and I have started doing some real estate investing together. We live in separate locals with his being better for finding reasonable deals. We each bring something to the table, he finds the deal, does the leg work, sets up the refinance, deals with the rehab (although on the first one I did some of the rehab but he admittedly did alot more.) I bring the capital and pay for all associated costs. We then do the BRRR and refinance all my money back out. We then each have 50 % ownership. He has recently requested that he get an additional 10% from my end of rent to manage my portion of the property. I am opposed to this as I sort of see it that him getting 50% without having to put up any money should be fair. He sees it the other way cause I get all my money financed back out and he says he could just get the money from the bank and own the whole thing but he prefers that we do it together. The last property my money was only tied up about 3 months before refinance. Who is right here? What is fair in this situation? [link] [comments]  |
| Looking for professional opinions Posted: 28 Jun 2019 04:14 PM PDT I know there is no hard fast rule & every case is different, but generally speaking in the experience of the professionals on this sub, if a home has been on the market for 100 days are the sellers usually asking for a high price because they aren't really looking to sell & just want to see what offers they get back? [link] [comments]  |
| Will my PMI always be this expensive? Posted: 28 Jun 2019 07:50 PM PDT Hey everyone, sorry if this is a dumb question—I just bought my first house 10 months ago and am still pretty clueless about a lot of things. So the house was $230k and my monthly PMI is $218. I have a conventional loan, so PMI is supposed to drop off once I reach 20% equity. My question is, will the monthly PMI payment remain that high all the way up until that point? In theory, if it takes me 8 years to reach 20%, will it always be $218 until that point? Or will it slowly reduce itself before then? If it reduces, when, and by how much? My interest rate is 5.1% if that maters at all. [link] [comments]  |
| Posted: 28 Jun 2019 10:51 AM PDT Tell me if I'm being an idiot. My husband and I have been considering moving for about a year. We own our current home and have lived her for 6.5 years. We currently owe around $90K on it and comps range from $150-$175K in our area. We'd probably get about $60K to put on another house. A home came for sale in my absolute dream neighborhood, a place I've always wanted to live. It's a small area and homes don't come on the market often. It's asking is $275K which if we sold our home and used the proceeds, we'd be golden. They're doing one open house and taking offers on Monday because it's bound to get a lot of offers. HOWEVER, our house isn't ready to list (we could swing it in about a month, but we're in the middle of a bathroom refreshen and are scheduled to put in new carpet in the next few weeks). We have about $70K in savings that we could use for a down payment, but I'd be nervous about banking on getting that money back before the sale of our current home closed. We're approved for this situation potentially if we have an overlap of having two mortgages, but we're very financially cautious people so the idea makes our stomachs churn. What do you guys think? Should we take the chance? Is this stupid for us to even consider? [link] [comments]  |
| Buying house directly from neighbor. Posted: 28 Jun 2019 07:24 AM PDT I currently own my own home and have had my eye on others in my neighborhood. My neighbor across the street recently let me know she was selling her home. I asked her if she would consider letting me take the first shot. Later she approached me about it to check if I was serious and once she told me her price, I said definitely. She wants to do everything without realtors so she will have an RE attorney handle her side of the paperwork. I am guessing I will need one as well. This is a first for me so any advice is appreciated. I have considered paying a realtors commission so I don't have to worry but I would rather just pay the RE attorney if that would be adequate. [link] [comments]  |
| Looking for advice on a potential new home we are in negotiations with Posted: 29 Jun 2019 02:49 AM PDT So, I'll try and be as concise as possible. In negotiations to buy a new home and something we found during inspections were termite damaged sill plates in the basement. The damage was visible by just poking a finger through the wood and down the exterior of the wall going about 8-10ft. The sellers agreed to fix it and yesterday we came to see the work. It appears they put in a reinforcement plate. Not sure if they cut out the old or inspected for more damage. We than called our home inspector who said this they definitely took the cheaper route, but it should be okay. Should this be a red flag or should be pursue further on negotiations? Thanks for any help and advice! [link] [comments]  |
| Posted: 28 Jun 2019 10:25 PM PDT Hi all, my first time posting here. Forgive my formatting. Our daughter is about to start elementary, and we are looking to buy a house in the Illinois suburbs with decent schools. After lots of research we had found 2 houses in Hoffman Estates that are attractive to us in their own ways and we have a hard time deciding which to buy. House 1 has all 3 schools (elementary/ jr high/ high) as 9/9/10 based on GreatSchools rating (fairly accurate IMO), but the house itself is a bit dated with some updates to do (mild stuff like window frames etc) House 2 has the 3 schools at 5/6/10, but the house itself is fully renovated, we don't need to do any additional work. House 2 is about 5% more expensive than house 1. Same tax. Would like to get some ideas on which one to choose and why? Thanks a lot in advance. [link] [comments]  |
| Am I out of line for asking this information for a landlord? Posted: 28 Jun 2019 12:40 PM PDT This was a legitimate property that I wanted to rent but here were a few red flags. - Would not tell me full name, only went by nick name. When I got her number and searched her, she had been in a bunch of legal trouble. Articles all over. - When I told her "Listen, I really want the place I am just saying that the name that comes up under the owner is not you and you won't tell me your full name". She exploded and said "Because I'm renting it for someone I work for!". I really, really wanted this place but now I am told "I am wasting their time". I seriously only asked for who owned the property, her or someone else (to make sure I Was being scammed) and she said it doesn't matter. I feel very uncomfortable filling out my SS# and things like that to someone who only goes by a nick name and doesn't even own the property. It is a shame because I could rent it and it's at a great location - but I don't know if I am asking too many questions or what? I feel guilty because in the past I possibly have wasted peoples time. But this was a property that I was about to pull the trigger on, I just need to know the name of the person I was working with. They told me that all of that stuff comes after signing the lease. [link] [comments]  |
| Posted: 28 Jun 2019 12:13 PM PDT My husband and I live in desert Utah. We are strong believers in not wasting water and the biggest place where Utahns waste water is on their lawn. Last year, we let our lawn die and it was just a nasty yellow among our neighbors' green lawns. This year, we are getting bids to xeriscape both our front and back lawn. I want to know if being the only home in the neighbor with xeriscaping would help or hurt our property value. (And if it hurts, how do we keep from killing our lawn every year?) Thanks! [link] [comments]  |
| Posted: 28 Jun 2019 11:32 PM PDT So I bought my first home three years ago and my rafters are failing. The home inspection didn't catch it and I didn't know anything about them. I have tried the insurance route and was told lack of ventilation was the culprit So I was denied. The roof repair is about half the cost of what I purchasedy home. So now I can repair the roof for 80k-100k or leave but I'm going lose my ass on this house. What are my options? [link] [comments]  |
| Is it okay to contact the neighbors for a house I am looking to buy? Posted: 28 Jun 2019 09:59 AM PDT I am trying to buy an "off grid" property. It's in the mountains, has septic, solar, and a storage tank for water over the summer. We are thinking about bringing in electrical and having a well drilled. I know some parts of the area have restrictions in place due to the water quality and such There is a pretty nice looking house 1/4 mile away on the same road. I found the owner on Facebook. I want to contact them to find out if they had any issues drilling the well, and how much they had to pay to bring in electricity. Is that sort of thing frowned upon? Should I do that? Thanks! [link] [comments]  |
| Condo for sale with right of first refusal. Posted: 28 Jun 2019 07:36 PM PDT I was checking zillow today and I came across a condo for a very good price in a decent area which had a right of first refusal. A big red flag for me was that I can remember seeing this same condo for sale about a year and a half ago for the same price. They seem to be taking it down and putting it back up over and over again because it says it was posted recently. It also does not allow rentals. My understanding of right of first refusal is that if you purchase the condo and want to sell it the HOA gets first dibs, correct? On this case what is the HOA trying to accomplish? It seems to me like they just want someone who will stick around for a while but I am wondering if I'm missing something. [link] [comments]  |
| Realtor Marketing Robocalls/Texts Posted: 28 Jun 2019 07:15 AM PDT I bought my home about a year ago. Since then, I've of course gotten the occasional letter asking of I'm interested in selling and do I have an agent, etc. I understand marketing, they don't bother me, I just toss them. However, lately I've also been getting voicemails, robocalls, and texts (sometimes all three at once!) from local realtors asking if I want to sell. (A home just went on the market in my neighborhood, don't know if that's related.) I asked one how they got my number and they told me lexis nexus. Are these kind of cold calls ever successful? They just irritate me. And is there any way I can hide or remove my cell number from these records? [link] [comments]  |
| I’m an engineer, thinking about becoming a real estate agent on the side. Any advice? Posted: 28 Jun 2019 04:34 PM PDT I'm in my late 20's, I have a masters degree in engineering, and I'm from Ohio... I own a house and enjoy helping my friends look for houses and work on home improvement projects. I spend more time than I should looking at listings, and have always wanted to get into real estate investing. At this time, I'm not ready to get into real estate investing but I've been thinking more about becoming an agent. Is it possible to do this on the side while having a full time job? Would an agency hire me part time? I know there are educational and certification requirements, but does anyone know if my existing college education would cover any schooling requirements and if I'd just have to take a test (in Ohio)? Thank you for the advice! [link] [comments]  |
| Posted a recommendation on NEXTDOOR for contractors but a lot of realtors are messaging me back. Posted: 28 Jun 2019 10:25 PM PDT Is this normal for realtors to recommend their contractors? Is this common? Thank you. [link] [comments]  |
| How much house is safe to afford? Husband and I disagree. Posted: 28 Jun 2019 10:06 PM PDT My husband and I are on different pages when it comes to purchase price of a home (First time homebuyers and plan to make this our forever home). He is very conservative, he thinks about our future kids, saving for their college, etc. I 100% agree we need to take these future costs into consideration but I believe he is being TOO conservative but would like others opinions/ expertises/ experiences. 1 we can easily afford to put 20% down 2. The only debt we have is my car which is being leased right now for $450/month. I plan to buy it at the end of the lease this fall for 22k. We have no student loans or credit card debts. He will need a new car in the near future (prob in a years time)3. He's salary and takes home( after taxes) 4k/month. I'm hourly so my paychecks vary. I average $3600/month. He also gets quarterly bonuses (not guaranteed but 99% of the time gets them) of about $1200. He also gets raises each year of about 2k. We do plan to have children in the future and I do want to go to part time so that needs to be considered as well. What do you think is a SAFE home price for us? [link] [comments]  |
| Supposed to close on July 2, but closing disclosure was sent incomplete with drastic changes Posted: 28 Jun 2019 04:01 PM PDT Hi everyone! I'm just looking to see if this experience is normal or not. The brief back story is that my husband and I are purchasing our first home from a friend of a family member. There are no REs involved in the transaction. Both parties have RE attorneys. We have been having some issues with our loan officer at the bank, who has sourced our mortgage out to Caliber Home Loans. Our issues are mainly that the loan officer is not very timely with his responses to our emails or submitting/sending documents. We contacted his supervisor and it seems to have improved until this point. We are scheduled to close this Tuesday at 4 pm. Today, our attorney called us and asked if we had any other contact information for someone either at the bank or Caliber. They received our closing disclosure, and several items were not filled out or filled out incorrectly. One of the most glaring items, at least to me, was that our cash to close changed by almost $2000 from the estimated cash to close they sent us just yesterday. The $2000 was taken from our seller's assist but there isn't an explanation as to why the seller's assist has decreased by so much. Our attorney tried to contact them multiple times today but didn't get a response from anyone at Caliber, and the bank keeps saying they have nothing to do with it. Is this a normal thing? Our attorney unfortunately had left for the weekend by the time I had the chance to listen to the voicemail. Is this something that will push back our closing? We are feeling very frustrated, as our contract has already been extended twice because of deadlines not being met by the bank. I know that this should have been a red flag in the beginning but this bank was recommended to us by several friends and family members and was recently voted Best Mortgage Lender in our area. We are inexperienced and didn't realize that our experience wasn't normal until it seemed to be too late. We could have withdrawn our application, but we were afraid to delay our home purchase any longer. Any advice or anecdotes would be appreciated! [link] [comments]  |
| Does the company you list with matter? Posted: 28 Jun 2019 11:02 AM PDT Hello! My house has been on the market for almost three months. Based off the comps and the location, we've dropped it to well under value and it still isn't selling. I was wondering about the agency for listing. We listed with a smaller company, rather than one of the bigger (something like a coldwell) due to the agent we bought from initially working at that agency. However, the house just doesn't seem to be getting the hits or showings i think it should. Is there any advantage to certain listing companies? Are they actually any different? Thanks! [link] [comments]  |
| Posted: 28 Jun 2019 01:44 PM PDT Media (WSJ) Report: Jackie O's Compound on Martha's Vineyard Hits Market for $65 Million Listing website: Red Gate Farm - The Jacqueline Kennedy Onassis Martha's Vineyard Estate Aquinnah, Massachusetts, 02535 United States $65,000,000USD From Aerial View, it might be this one: 3 Red Gate Farm Rd, Aquinnah, Massachusetts 02535 The listing webpage states "340-acre oceanfront estate with more than a mile of private Atlantic Ocean beachfront". If 3 Red Gate Farm Rd is the address, the property must extend to Zacks Cliffs along the southwest direction. No way to afford this. Just curious to know the property boundary, and maybe when it sells. [link] [comments]  |
| Mortgage while unemployed, but i have rental income? Posted: 28 Jun 2019 09:14 PM PDT Hi well I was working years before and saved up for a cheap duplex and my parents helped me. It's paid off and Im also 23 and still live with my parents so I pay no rent or mortgage and I'm not working anymore but currently have $3000 a month in rental income. I would like to get my second duplex and live in it this time using a mortgage as I have no money, Would I ever qualify for a mortgage showing I'm unemployed but own rental property and live with parents or do I need to go back to work full time again? No car loan since I use ole reliable parents camry, practically debt free currently and fico score is above 700 [link] [comments]  |
| Commercial/Residential Real Estate Questions by Total Dummy Posted: 28 Jun 2019 01:21 PM PDT A potential opportunity has approached me, but I'm completely unaware of how commercial real estate works and the sanity of my idea. There is a two-story building downtown near me that was built around 1900 and has been owned by the bank for two years since they foreclosed on it. The bottom floor is rented by a business and they recently renewed a five year lease. The upstairs is a former office space, but has been abandoned since the foreclosure (still full of furniture, files, etc.). I know the bank is ready to get it off their books for probably less than it's really worth, and would be willing to finance it. My idea would be to rip out everything upstairs and turn it into two residential units, or even a rentable office space plus one or two residential units, but I want to live in one of them and rent the rest. I've done just a little research on commercial real estate loans and I'm totally freaked out about the balloon payment. The downstairs rental should mostly cover the monthly loan payment, but I'd need to finance a fair amount of money for repairs and remodeling the upstairs before I could move in (I'd pay rent to myself) and hopefully rent out the extra space. And also need insurance, etc. I'm a single guy with a decent income, but no rich parents, trust fund, pile of assets or anything other than a little savings and my current salary. I've been looking to buy a house, but this could serve as a residence and investment. I'd be thrilled to live in a loft apartment in this location. Questions: How do regular people handle the balloon payment in just a short time? Does this even sound like a feasible option for just me, or should I seek out a partner or partners? Any major questions from the laundry list I should be asking that should be at the top of my list? [link] [comments]  |
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