Has anyone sued their realtor regarding rental property? If so, for what? Real Estate |
- Has anyone sued their realtor regarding rental property? If so, for what?
- What is the future of real estate technology?
- Hey Realtors, how often do you see people visiting their old homes during an open house?
- NACA Neighborhood Assistance Corporation of America - Info
- Who is responsible for a real estate agent? Is the company they work for responsible for their actions or they independent of the company even if they work under the companies name?
- Soon to be college grade deciding on rent/buy
- When (and why!) did it become a thing that there should be more bathrooms than bedrooms?
- FTHB, it turns out the house I'm buying has a leaking basement. What next?
- Second Thoughts About Hiring a Contractor
- Looking for ideas on where to learn about house materials and styles
- Working ideas while in the process of becoming real estate agent
- Anyone have experience buying with Rex Homes?
- Confused about what to do about an existing house loan if I come into enough money to pay it off
- Taxes much higher on my loan estimate
- What are some upsides and downsides of owning a mobile home park?
- Buyers vs sellers market
- Multiple Conditional Approvals for New Home Construction?
- Could someone help me with this contract?
- shed in the front yard, is the county lying?
- Failed lead clearance
- First time homebuying fever?
| Has anyone sued their realtor regarding rental property? If so, for what? Posted: 29 Jun 2019 03:58 PM PDT I'm not sure if this belongs here but my mom hired a realtor to find tenants and the realtor seems to have gave unsolicited private information and advice to her previous tenants. This resulted in nearly $10,000 worth of damages to my childhood home. The realtor failed to disclose the details of the rental contract agreement to the tenants and is actually supporting them in these violations. My mom just thought to tell me all of the realtor's shady behavior like introducing her to contractors and receiving commission from the contractors. As a result, my parents are involved in a small claims dispute with the previous tenants and is considering suing the realtor but most google searches are for situations involving buying and selling real estate. The dispute is over a property in California but we're wanting to hear experiences regarding situations similar to this. [link] [comments]  |
| What is the future of real estate technology? Posted: 30 Jun 2019 12:08 AM PDT So something got me thinking the other day, what is the future of real estate? Thank you! [link] [comments]  |
| Hey Realtors, how often do you see people visiting their old homes during an open house? Posted: 29 Jun 2019 07:49 AM PDT There's an open house for a home that I grew up in next week that I want to go visit since I have fond memories of it as a child. How often do people do that in your experience? And is it proper to let the listing agent know when you get there so they know you may not actually have any intentions of buying it? [link] [comments]  |
| NACA Neighborhood Assistance Corporation of America - Info Posted: 29 Jun 2019 06:37 PM PDT Has anyone worked with this program. What are the pros and cons for buyers? I'm looking into using this program, but it seems to good to be true. What's the catch? [link] [comments]  |
| Posted: 29 Jun 2019 11:15 AM PDT My mother co-owns a house in Georgia (she currently resides in California) with her sister that they were in the process of selling. The agent her sister secured to sell the house was double dipping (we learned much later) he was supposed to be resenting my mother & her sister but was also representing the buyer. Before my mother even received a copy of the contract in the mail, we learned from neighbors that they buyers father (who wasn't even listed on the contract ) was given the keys to the house by the agent and had already started gutting the house. (We learned later the buyer was buying the house to flip it and the agent was then going to sell the house for them. So I guess the agent thought it was in his best interest to let them start gutting the house before my mom ever even saw a contract/terms/price. She's elderly and isn't supposed to fly anymore so I assume no one would know.) Long story short (because it gets much worse because in the end of this never ending story the buyer never got the money and her father destroyed the house and held it hostage (he changed all the locks)) The agent gave the keys to the buyers father so I know the agent holds some responsibility but does the company he works for also hold responsibility? It's a major realtor franchise is Georgia and they're acting like his actions don't have anything to do with them. Any insight would be so helpful. Cheers [link] [comments]  |
| Soon to be college grade deciding on rent/buy Posted: 29 Jun 2019 10:44 PM PDT I am a 21 year old graduating a year from now. I have goals of getting into real estate investing eventually through acquiring properties that I plan on living in for a bit then moving out and renting them out. I will hopefully be making about 40-50K upon graduation. My question is is it a bad idea to get into a house early out of school (me and my older brother have been talking about possibly splitting a house) if I don't have much savings other than a couple grand from working throughout college? Or should I rent an apartment/house for a couple years while saving up for a down payment? [link] [comments]  |
| When (and why!) did it become a thing that there should be more bathrooms than bedrooms? Posted: 29 Jun 2019 04:18 PM PDT I've always looked up listings on a lark, never having owned property myself. How is it that bathrooms outweigh the number of bedrooms, especially in higher priced listings? I'm honestly stumped. When did this trend really get it's start? [link] [comments]  |
| FTHB, it turns out the house I'm buying has a leaking basement. What next? Posted: 29 Jun 2019 05:57 PM PDT Backstory: The sellers disclosure noted that the basement does leak in the spring. The inspector saw that it was leaking after recent heavy rain, and at that point both the inspector and my real estate agent suggested that clearing the gutters and grading the area around house would likely take care of the issue. The house is 95 years old, has block foundations, and after speaking with the neighbors, they've told me that every house in the area has water issues. I grew up in a house with block foundations that leaked, and it wasn't a big deal. We just fixed our downspouts and graded around the house. It didn't seem like a big deal, and in this area, every house has a leaking basement, so we proceeded to the next step. The appraiser came and noted the water, too, and the bank now wants a foundation inspection. The house appraised at $14k over the accepted offer (about 15%). Cutting through the marketing is difficult when trying to find a foundation inspector. Every search just turned up foundation repair companies. I actually couldn't find a foundation inspector, but a Facebook group turned up a highly rated foundation company that also offered inspections. (Which, in hindsight, is apparently just a marketing tactic.) I'm getting a second opinion. My real estate agent reached out to connection of his for a more straightforward experience. I'm meeting with that guy tomorrow, and will hopefully be determining how I proceed soon. What I'm trying to figure out: I'm at least partially falling victim to sunk cost fallacy on the inspection/appraisal, but the house does meet all of the 'must have's' checkbox, and 90% of the "would like to haves" checkbox, in a market that has been really competitive. The appraisal being so much over the offer helps, too. I know there are other considerations, such as whether the seller is willing to work with me on things (or even what the shape of those things will be). Would you walk away, or would you proceed? Are there considerations with the that would affect your choice one way or another? [link] [comments]  |
| Second Thoughts About Hiring a Contractor Posted: 29 Jun 2019 12:21 PM PDT So had a couple contractors to come look at place to do some drywall and painting. Two were guys I found on craigslist and another was a guy who works by himself. I had a good feeling about one of the craigslist guys. Sent me a sheet with 10 references and talked to three of them who all said he does good work. However I did find two scathing reviews on a website which said he was super slow on his projects. They also said something about him changing business names and to avoid the guy by name. So I guess should I let two negative comments outweigh his longer list of references? Any info/opinions are appreciated in advance. [link] [comments]  |
| Looking for ideas on where to learn about house materials and styles Posted: 29 Jun 2019 06:11 PM PDT I want to be able to use proper terminology for items in a house, as well as common materials and am looking for some guidance. For example I would love a book that had lots of definitions of housing types like Craftsman, French Provincial, Cottage, and explanations as to what makes them that. I would also love info on what types of materials you find through the house like why you should / shouldn't use quartz, granite, marble etc in certain areas... or pluses and minuses of other materials or designs. I would appreciate any insight. [link] [comments]  |
| Working ideas while in the process of becoming real estate agent Posted: 29 Jun 2019 02:15 PM PDT I haven't been able to find an answer this question through google or anywhere I else I assume because of how the question is worded. Anyways, I'm trying to find some insight on jobs to do while in pursuit of a career in real estate. I just moved back home after about a year or so working away from home. I am no longer with that company and free of all bindings (apt leases, contracts, etc.) and have no expensive monthly obligations like rent to pay, so I figure this is the best time for me to pursue real estate. The main issue is that I am unemployed and can't seem to find any good insight on jobs to work at while I'm in real estate school. I don't really want to deal with scheduling conflicts holding me back from giving my all in school, so all of the full-time postings are just about written off. I have always thought it made the most sense to work somehow in the field that you're pursing but its about impossible without having my license yet. The main things I get via googling this question is how to work as a part-time agent. What I'm looking for is what to do part time, "while becoming an agent." I'm well aware of the expenses that go into becoming an agent and schooling and etc. which is why attempting to start school unemployed would not be smart. Any help is greatly appreciated; not looking for handouts or anything; just maybe advice from someone who's dealt with a similar issue. [link] [comments]  |
| Anyone have experience buying with Rex Homes? Posted: 29 Jun 2019 04:39 PM PDT We are looking to buy a condo in Los Angeles and just got out bid on a great condo in a complex we loved. A VERY similar unit just came on the market but it's a REX home. I've never really heard of them or known anyone with experience using them. I would love it if anyone could share their experience good or bad. Is it worth hiring a realtor for us to pay on our end, or is working with Rex reasonable? My SO used to do commercial real estate and sell businesses, so we can navigate the paperwork and inspections on our own.... How is their process, since they are obviously operating at a discount of 2% commission. [link] [comments]  |
| Confused about what to do about an existing house loan if I come into enough money to pay it off Posted: 29 Jun 2019 05:26 AM PDT I bought my house in February. The credit union gave me 100% financing at 0.75% interest (this is Tokyo, interest rates are unusually low) for 20 years. Just talking round numbers, the house was about $180,000, and the monthly payments are about $700. The balance after this and that extra payments at closing is about $165,000 now. My original idea was to make the payments for 10 years, and then pay off the balance. Before 10 years there is a $900 pre-payment penalty. Some people might say at that interest rate why not stick it out for 20 years. But I'm 63 years old and so have to consider that as well. In addition to the main house on the 2nd and 3rd floors, there is also an empty downstairs which can be rented out as an office or even just a storeroom, with potential rent potential of $800 to $1,000/month. Or I could divide it and use part myself and rent out the rest for about $500/month. All in all a good deal. Tokyo has some bargains. But this is where I get confused. I'm expecting to come into some money over the next few years - about $160,000. In other words, enough money to pay off the balance. I'm thinking that even with the extremely low interest rate, wouldn't it be a good idea to just pay it off and then I would have the $700/month I'm using for payments each month to save or use for living expenses. Or would it be better to stick with the loan for 10 years and invest the $160,000 for 10 years in the market and then pay it off? I can't figure out which way I would come out ahead in 10 years. Any thoughts? [link] [comments]  |
| Taxes much higher on my loan estimate Posted: 29 Jun 2019 11:15 AM PDT Hey my mortgage guy tried to explain why what Zillow and the county website for the home are like 1.6k lower than what he quoted. I can't remeber but one thing he did say was at this early stage of the mortgage process estimating closing costs it's just an estimate of future taxes. But by 1.6k annual seems a lot. I was shopping directly this area BECAUSE of the low taxes and having that bump up is changing my mortgage amount. Any insight to this? At closing will I know better what it will be? Going from like 4900 on the county assessor website to his 6.5k figure is... A big difference [link] [comments]  |
| What are some upsides and downsides of owning a mobile home park? Posted: 29 Jun 2019 11:07 AM PDT I've been looking into buying a home in a mobile home park for quite some time, as it looks like I can get a house for around $35-45k and pay it off within five years. However, I've been doing some research and apparently there are some nearby parks that are around the cost of a 4BR house (usually with 11-19 mobile homes), all with a cap rate of around 9-15% depending on the location. Not sure what's considered a good cap rate for these parks. Owning a park with at least one park owned home would solve my housing situation and also help to generate some income (usually around $65k/yr gross income, $35-40k/yr net income). It also looks like these parks are pretty safe from economic downturns because the income is more from rent/lot fees than the actual value of the property. Is there some kind of dark side that I'm not seeing here? [link] [comments]  |
| Posted: 29 Jun 2019 02:39 PM PDT My husband and I have been looking for a home for close to 4 months now with no luck. Houses are going on the market and getting offers on the exact day it's listed most of the time. We also feel like a lot of houses are overpriced because it's a sellers market. When will it become more of a buyers market or even out more? Does it change per season? I've heard summer is also the busiest time so is it highly possible we will have more luck in the fall/winter in terms of finding a house, less competition, and lower priced homes (even slightly). [link] [comments]  |
| Multiple Conditional Approvals for New Home Construction? Posted: 29 Jun 2019 01:21 PM PDT We are buying new construction through a home builder with a ~6 month build duration. Texas, with end of November as approximate build completion. Prior to signing we went through prequalification with 4 different lenders to check out initial rates and ensure we could get consistently prequalified (credit was pulled in close succession for all 4). The builder requires that we have a conditional approval in place very quickly after signing (30 days) but we want to make sure we don't get ourselves locked into that lender because we can't even rate lock for another 60-90 days. Does it make sense to process additional conditional approvals to cut down on the time to close the mortage? Or are we risking signing up for appraisals and other fees from multiple lenders that we ultimately won't need? The current lender for conditional requires that they are written into the home contract which makes us wonder if it's even possible. Our goal is to meet the builder's requirement for conditional approval but maintain flexibility to go with the best lender when we are close enough to truly compare rates. [link] [comments]  |
| Could someone help me with this contract? Posted: 29 Jun 2019 12:39 PM PDT I'm really sorry but I'm terrible with contracts and my family member needs dire help with this contract. It's for pre-sale real estate investment, but they're trying to cancel and walk away from this contract, and want to know if this is possible or not. If yes, if there's any penalty of some sort. I believe they've already paid their March portion.. https://drive.google.com/file/d/1JfAGZnLpVV_gYE4tZrq8hO2wpKqY-JXH/view?usp=sharing This is the PDF of the contract on my google drive. Thank you so much in advance... [link] [comments]  |
| shed in the front yard, is the county lying? Posted: 29 Jun 2019 11:51 AM PDT My neighbour has built an unsightly shed on his front yard no more than 5ft from the front property line. i think the county is lazy or is lying becus they say shed is ok and that his plat says the shed is 25ft from 'street right of way' I then looked at his plat and it doesnt show any measurements for the distance of his shed and the right of way. Also every single county around us says u cant build a shed in the front yard. i also got the county inspector to come and she said 'i shouldn't split hairs' i think the county is just saying these things to get me off their back, i tried looking up the code but its a bit confusing, unlike other counties. now whenever i call the county they just give me the runaround. anyone have any experience with something similar? im located in arlington virgina [link] [comments]  |
| Posted: 29 Jun 2019 06:54 AM PDT I am in the process of buying a flipped pre-1978 house. The quality of the renovation is good, but to be on the safe side we ordered a lead clearance test to make sure it was cleaned up properly after the recent renovations. Unfortunately, it failed the test (10x recommended lead levels in dust on some sills and floors). Our realtor doesn't have much experience with this (apparently people don't usually do any type of lead testing in this area), and I am wondering what is a reasonable response for this the due diligence. I know that for safety purposes all that should be necessary is a careful cleaning followed by another lead clearance test, but I am also worried about issues with future resale as we would now have to disclose a failed lead dust test (of course we would also disclose the subsequent passed clearance, but I worry this will still spook some buyers). I assume the current sellers will have the same concern if the present deal now falls through, so I would guess we have some room for negotiation here. What would be reasonable to ask, beyond just the cleaning and subsequent lead clearance test? [link] [comments]  |
| Posted: 29 Jun 2019 05:57 AM PDT Ready to buy, pre-approved, currently renting. Our property manager said he can get us out of the lease early if we use him as the realtor, which we're not thrilled about, since he hasn't been a stellar property manager (takes forever to respond, doesn't fix certain things at all). I read the lease, and it says either we or the PM could find a subletter for the fee of 70% of one month's rent, which is do-able. I'm in an area where home values have been rising steadily for years. I'm worried that the houses I see now in our price range will be out of that range if we wait a year when the lease is up. Should I make an offer on a house another realtor showed me? Am I being realistic about the market or creating a situation where I feel pressured to act immediately? [link] [comments]  |
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