Just purchased a house, need to trim a tree, neighbor is irate. Real Estate |
- Just purchased a house, need to trim a tree, neighbor is irate.
- Neighbors ignored request to build fence on property line
- I feel like I'm competent as a Realtor
- Shallow Crawlspace
- Question About FSBO Land
- Is it typical that a lender would request minor repairs when getting a conventional loan?
- Does adding a garage extension add to home value?
- Looking for creative ways to get a good deal on next home - anyone that's not in real estate bought a house with a HELOC or home equity loan, fixed it up with hard money and then mortgage to pay both off?
- Neighbor's House for Sale, Realtor Blowing It [OH]
- Rental Management bookkeeping
- First time buyer looking to turn into a rental.
- Need help with a difficult seller and chimney issue
- Paying to buy Home Owner association rules and regulation?
- [NC] We want to approach a seller's agent about a possible back-up offer on a house that just went under contract but our agent has refused.
- First time investor, looking for advice
- Planning to have a subletter in NYC, anything I should know?
- Seller wants highest and best. Can I use escalation clause?
- Selling our house
- I know this depends on the specific market that you are in, but does adding a heat pump to rental units, generally, make sense to do. Thoughts? Currently, units have electric baseboard heating. I’m in a LCOL area with winters much longer than summers.
- P&S Deposit?
- Realtor & Investors
- Stressed About Closing—looking for reassurance or advice
- Mortgages: Does everyone get the same rate but PAY different costs to get that rate lowered?
- What does RLNE stand for?
| Just purchased a house, need to trim a tree, neighbor is irate. Posted: 01 Jun 2019 03:09 PM PDT EDIT: It's been decided. i'll be going over to the landlord's office to get a quick answer and maybe be able to keep my appointment this thursday.he tree is next to the power pole and it has a large limb about 8" in diameter that is pushing down on the power line for my house and hangs over the power line that goes to my neighbor's house. Initially I had no problems when I spoke to her, but when the tree company was asking for permission to schedule a power drop that's when she went nuts. She is demanding compensation at first because they told her that the power company would drop the line and the tree company would do the work then they would call the power company back. They told her it would be hours to a day until power is restored. I get it, it's hot here in GA. I was able to get the tree company to have the power company stay while they do the work from 8am until 10am and then the power would be reconnected. My neighbor apparently was screaming and cussing over the phone at the tree guy and demanding compensation. I told her that this is to prevent the loss of power during a storm. She then tells me her son is having surgery and needs A/C 24/7 yada yada yada (insert BS story here). She is a renter. I don't want to be responsible for when the limb does come down unexpectedly in the future and I'd like to get it removed asap. It will also make the tree look nicer as they'll trim it up and remove dead limbs. They also said that the tree is possibly not in the greater health. I tried talking to her, but she is only demanding compensation. My next move is to talk to her landlord which is an investment company. How do I do this in a diplomatic manner so I can cover my ass and get this done? I don't want to just throw her money because she'll think that I will just have money for her whenever there is an issue. [link] [comments]  |
| Neighbors ignored request to build fence on property line Posted: 01 Jun 2019 08:44 PM PDT First post ever and not sure if this is the right place for this advice or land or new building. Memorial day weekend i noticed some staked wood alongside the neighbors driveway and our house. I wasn't sure but assume they were doing a fence. We live in an HOA middle class neighborhood and every inch matters here. We bought this house 4 years ago and noticed the property line was off a foot on that side and up to a foot and a half on the back end with the current backyard wood fence. So seeing a fence extension going up i knew i needed to grab my survey and have it done right. The next day when i got home from work they had cemented the metal posts where the stakes had been. I grabed my survey and went to talk to them. But just the teenage son was home. I told him i needed to talk to mom or dad but they needed to stop doing the fence. I showed him its a foot over on my property line and would make them a copy. That its better to move now that its only posts. That afternoon the dad came home and talked to my husband as i was at work. He said he made clear that the fence was on our property and the guy seemed nice and said he would fix it. They hadn't done further work and i thought they were going to move it. Come home today nothing is moved and they finished welding the wrought iron gate. Only the son home again as i run over but the worker calls the dad. Dad tells me that my husband only said we were concerned with the front post closest to the end of the driveway. He has a survey from when he bought that says his line is where the fence is. I said mine said otherwise. I wanted to see his. He said he got home at 8 waited till 9pm for him his wife wouldn't answer the door and he never came to our door. The wood back yard fence is placed a foot into our property it stops at the rear corner of our house. The extension continues off that wood fence but is iron bars with gaps that ends at the front corner of the house line with a double iron door gate entrance. What can i do if they refuse to move it? Or talk to me about it? Small claims seems to be just for money claims. What do i do for property. I tried to get it fixed early before all this. I know its a headache. Its also the side my ac sits on as it sits its barely enough room between the ac and new gate to get a lawnmower through to mow that side now. Not sure they got hoa permission as well. I know its an issue for selling the house later. Summary: neighbors built fence after i told them it was on our property and needed to move it a foot over. They said they have a survey i have yet to see. My survey says its a foot into our land that was done in 2014. I need options. Texas [link] [comments]  |
| I feel like I'm competent as a Realtor Posted: 01 Jun 2019 09:09 AM PDT I'm not sure if this is the correct subreddit for this, please redirect me if it's not. Ever since I got my license as a Broker Salesperson I have felt insecure and as a result I've had trouble closing any deals. An investor found me off Craigslist and I'm putting in an offer for him. He called me and told me, "I'm so impressed with you. Your ability to find properties at the right time with the right comps. I was an agent once and I've never seen anything like you." He is an older serious man and I never expected a compliment from him. Needles to say I have been smiling for minutes now. I guess I had the realization that I CAN do this. I can be GREAT at this. I am SMART. Did any of you have a moment like this when you started out? Like the movement you realize you are going to make it. [link] [comments]  |
| Posted: 01 Jun 2019 09:42 PM PDT Thoughts on shallow crawlspaces? I recently made an offer on a renovated home, built around 1900. There is a small basement that holds the water heater and furnace. Duct work and plumbing runs from the basement through a very shallow crawlspace. There is probably less than 12 inches of clearance under the duct work, with maybe a foot or so on either side. The home inspector mentioned this space should be at least 22" x 30". This home is very attractive on the main floor, but I'm concerned with the lower level. Would you purchase a home with a shallow crawlspace or would that be too big of a risk for you? [link] [comments]  |
| Posted: 01 Jun 2019 02:26 PM PDT We're interested in a parcel of land that is currently FSBO. They didn't list it on Zillow, it's just on a local website called Bookoo, and they have a sign out front of the lot with their phone number on it. My realtor has tried to reach the owner with no luck/no response yet. He mentioned that many times, owners don't want to deal with realtors since they don't want to pay a commission. My question is, since we have a pre-qual letter from the bank, would it still be prudent for us to try and make an offer directly? We'd still obviously need a ratified contract, which is why we prefer to use our realtor since they can help ensure everything is legal and correct. We're going to give it till Monday or maybe even mid-week and then perhaps we should give up? Or should we try to make an offer on our own and see if they respond? I should note that their listing doesn't say anything about owner financing, down payment, nothing. Just a brief description, one photo, and their phone number. Yes, we've visited the land many times so it's not sight unseen on our end. Any advice is appreciated! 📷 [link] [comments]  |
| Is it typical that a lender would request minor repairs when getting a conventional loan? Posted: 01 Jun 2019 08:13 AM PDT I recently had an appraisal done for a rental property I am in the process of buying and the lender is now requesting minor repairs be done before the closing. Both my agent and I thought it was odd and would be more in line with something you'd see for an FHA or VA loan. Does this seem out of the norm? Notes from report Repairs and Cost-to-Cure
All pics of issues from appraisal report The report makes the issues sound worse than they actually are, e.g. there is only peeling paint on that exterior crawl space door and on the baseboard in two spots throughout the home. The floor issue in the kitchen just seems to be a bad seam in the vinyl sheet flooring. [link] [comments]  |
| Does adding a garage extension add to home value? Posted: 01 Jun 2019 07:44 AM PDT I'm pricing out a new house and a 4'x16' garage extension is $4,000. Now I definitely want it for a garage work shop but also want to consider the resale. Will this add $4k to the home value when I go to sell in a few years or most buyers will not consider it much value added as it's not livable space? This is in a new neighborhood with houses in the 230k-300k range. Thanks for any info you can add! [link] [comments]  |
| Posted: 01 Jun 2019 01:32 PM PDT The market in our city is pretty hot right now, and the home we want in the area we want is only about $30-40k out of reach (budget of $300k, homes we want are about $350k). I'm trying to come up with creative ways to bridge that gap. Our current home has $80k outstanding and lowest we'd expect to sell it for is $180. Just occurred to me to get a HELOC or home equity loan and possibly some hard money to buy a place at auction or short sale that needs a ton of work, getting it into shape with hard money and then getting a mortgage to pay it all off. I feel like this would be a good way to get into the areas we like, and as long as the refurb doesn't drag out too long I feel like the HELOC/HEL/hard money won't cost us so much in interest that it knocks out the savings. Anyone done something like this, or generally have ideas about it? [link] [comments]  |
| Neighbor's House for Sale, Realtor Blowing It [OH] Posted: 01 Jun 2019 09:01 PM PDT A nearby neighbor is selling their home, but I fear the realtor is blowing it which, in turn, could affect my property's value. My big issue is with the online listing, which is as follows (City/county names redacted): "This home in [CITY NAME]. Feature a Newer Furnace , update bathroom with newer sink, tub/ shower and newer floor. Doors and hardwood floor have also been updated by owner. The home has a full basement and detached garage. Second floor of could be a possible expansion of the living area. [CITY NAME]. Has a park system with a pool, baseball diamonds, tennis courts, playground and picnic area. Easy access to downtown and Rt2 for commuting northeast and southern suburb. The home is close to 2 golf course and the [NEARBY COUNTY] county park system (Emerald Necklace) The [NEARBY COUNTY] County park system has walking trails, riding trails along with picnic areas. The [NEARBY COUNTY] County Farmpark has farm animal and a growing farm. It is great for a learning about a farms for children of all ages. A Wine and Music festival is hosting every year of some of the best winery in the Northeast Ohio Area." I am, admittedly, not an English scholar. However, if I put that type of drivel anywhere related to my job I'd be on the street. Besides being riddled with grammatical and spelling errors, it doesn't even mention key points such as yard size (which is very large for the area). It seems wildly unprofessional to put up something like that when you're trying to sell it. Furthermore, the grass has not been cut in over a month and is 2 feet high. The city appears to have cited the owner (they typically place these in yellow bags on door handle) but the grass and bushes continue to overgrow and look terrible. The agents info portion at the top of the "For Sale" sign has been on the ground for well over two weeks and overall it looks like a dump. I searched the listing agent and there's nothing else in her history other than being a buying agent on a house a few months ago. I'm not a realtor, but I feel like this one is grossly incompetent or just doesn't care for some reason and I'm worried that it will affect my homes value when I go to see in a year or 2. So does anyone have any suggestions on tactically trying to nudge the realtor to handle the issues or her client? [link] [comments]  |
| Posted: 01 Jun 2019 08:10 PM PDT Hey all, I'm looking to connect with folks specializing in bookkeeping for real estate rentals, particularly as a multifamily landlord or management company context. If anyone has advice on educational material or resources, software to check out, best practices, or can recommend a person they've worked with (or yourself), please comment below or message me directly. Thank you in advance :) [link] [comments]  |
| First time buyer looking to turn into a rental. Posted: 01 Jun 2019 08:09 PM PDT Hey guys, I'm an American citizen who moved from Houston to Toronto about a year ago and the real estate was a straight shock to the system. I was thinking of buying a home back in Houston or a suburb and hiring a management company while I live back here. My question is would this be worth the headache? I've been told it's perfectly legal but it's more taxes. I have a lot of questions about this but don't really know where to start so any advice would be gladly accepted. Thanks to everyone in advance. [link] [comments]  |
| Need help with a difficult seller and chimney issue Posted: 01 Jun 2019 08:03 PM PDT My wife and I found a home that we rather like. The seller has been difficult about repairs (that is to say, they refused all of them including basic electric and plumbing code deficiencies). The house has a wood burning fireplace and we insisted on an inspection. The inspection found vertical cracks in the flue and tiles indicating a chimney fire. Externally, the chimney is pulling away from the house (visible cracks in caulk, fractures in mortar, signs of repair at base, moveable by hand from the roof). Our inspectors recommended a structural engineer to assess the damage and also said the cracks required repair. Long story short, the sellers refuse to extend the extension period 2 days for us to have a structural engineer out at our expense. They offered $6K in additional closing costs for the internal repairs, but with existing credits our closing costs are only going to be an additional $3k or so, so the extra money kind of goes down the drain. If they don't sign the contingency for the other inspector, our contingency ends tomorrow night. We want the house, but effectively they are offering $3000 for an estimated $10k in repairs. They say that if we don't take the offer, they will re-list. They also hired their own chimney guys who said the chimney isn't separating (an easily disprovable lie) and that they will just install a gas fireplace (without fixing ANYTHING) and not disclose any of the issues to a new seller. Where do we go from here? What they are proposing is both illogical and illegal. We just want the flue fixed (safety issue, likely covered by their home owners insurance) and some amount of money to help with the structural repair, once we know what that figure is. Any and all advice appreciated, including how to report their intended lack of disclosure if they pull out. EDIT: this is in northern Virginia. [link] [comments]  |
| Paying to buy Home Owner association rules and regulation? Posted: 01 Jun 2019 04:04 PM PDT So I am about to close the listing, and I was told that I would need to buy home owner association and regulation, which includes the board member and specific rules. I understand if there is rules or anything as part of joining HOA, but I am not sure if I have to pay to buy this? The agent said it would be 80$, but I don't see why it should be 80$ and why it has to be paid service in lieu of free service provided from HOA. The house I am about to close in is located in MO. Anyone having similiar experience? Generally, new home buyer in HOA will have to pay for the pdf files that probably includes 3-5 pages? [link] [comments]  |
| Posted: 01 Jun 2019 07:12 AM PDT We will be purchasing a house within the next few months. We were referred to an agent in that area by our agent in our current area, 90 miles away. We were not impressed with the agent upon meeting her for a number of reasons, but that probably doesn't matter right now. One of the houses I requested to see was taken off the list because a contingent offer had been accepted. This house happened to have the lowest asking price by over $100,000, and it was on the market for three days. The reason the price is so low is because it doesn't have a garage. Everything else about the house is perfect for us from what we can see, and we are extremely interested in it. So I asked her to contact the seller's agent to let them know if the contract falls through, we would like to view the house immediately. We also have cash for this house, and could close quickly, provided the seller has something else to move into. The agent refused to contact the selling agent. Her reasons were: 1. The house is on a busy road. (We are not bothered by the road) 2. In that price point, contracts don't usually fall through. 3. We should stick with a higher price point so we won't "get in a bidding war." These reasons don't seem valid to me. We went ahead and viewed the six other properties on the list but none of them met all the criteria this first house met, which was why we were interested in it. I'm considering not doing business with this agent since we have not signed any agreements with her yet. Also considering contacting the seller's agent myself. Any advice? Am I being unreasonable by expecting her to contact the seller's agent on my behalf even if she thinks it may be a waste of time? ETA: Thanks for the helpful advice, we will contact the seller's agent and I think I'll try to find a new agent. [link] [comments]  |
| First time investor, looking for advice Posted: 01 Jun 2019 10:44 AM PDT Hello all! I am 19 years old and after saving for the last few years of my life have created a healthy savings and am looking into investing in real estate. I live in a college town so finding tenants should not be a issue, as all the properties I've looked at have maintained renters throughout most of their life. The current plan I'm looking into is buying two houses, one which I would fund with a house loan and the other which I would be signing a land contract with the previous owner (my grandfather). Both of these would be rentals. Any advice to me before I go forward with investing in real estate? Am I biting off more than I can chew? One of the properties already has a lease I would have to honor. And although I'm not very experienced in home maintenance I have a very strong support net of friends and family who are all very experienced. I've personally ran the numbers and including all of my income and expenses with the homes and my personal life, and including a savings for house maintenance and repairs, I'd be making a healthy income. Just looking for general advise or people to pick my brain. Thanks. [link] [comments]  |
| Planning to have a subletter in NYC, anything I should know? Posted: 01 Jun 2019 05:17 PM PDT Hello friends! I am moving from my Brooklyn apartment for a year for work and having it sublet. The landlord approved my tenant, but she wants me to continue to pay the rent directly to her. My name remains on the lease. Should I create a subletter lease for my subletter? Any other things I should think about before this goes through? Thanks for the advice! [link] [comments]  |
| Seller wants highest and best. Can I use escalation clause? Posted: 01 Jun 2019 04:49 PM PDT Hi all. My agent informed me that the seller's agent is wanting the highest and best offer on a townhome. I am already offering the same price as the highest comp that sold within the past year that is identical to this one. Seller is requesting $5k more than comp and I submitted another offer of $2.5k more than comp. I def don't want to overpay more than I have to since the ac unit is near end life as well. Is it possible to use the escalation clause at this point if seller wants highest and best? [link] [comments]  |
| Posted: 01 Jun 2019 04:39 PM PDT [AL] Hi! Im trying to sell our house. Just signed the first round of papers with a realtor. Im trying to get the best price for it. I dont know if this is relevant but its a brick house in front, vinyl siding on the back. Corner lot, right off the interstate, walking distance to all the best schools in the area, but its very small. (960 sq ft) Its mostly hardwood flooring. When we were renting it out, the renters did quite a lot of damage and ive spent an entire year fixing it up in order to sell. I painted the walls light grey and have dark grey accent walls because i heard grey is a good nuetral color and it sells well. Theres still a few cosmetic issues (outside needs landscaping, tile in the bathroom and kitchen isnt very pretty, it got replaced while we were out of state by our insurance company and the cheapest tile got installed) a minor plumbing issue that needs addressed. Whats the most important thing i need to fixate on to get this house sold for the highest price possible? Like, in your experience, what really makes a place stand out from the rest if its a small house and not fancy? [link] [comments]  |
| Posted: 01 Jun 2019 10:08 AM PDT |
| Posted: 01 Jun 2019 08:11 AM PDT I understand that (in the US) a earnest money deposit goes with the offer and is something like $1k. Can you explain to what extent a more substantial deposit is needed as part of the purchase and sale? If someone is trying to sell their house and buy a new house the funds from selling wouldn't be available to use for a deposit until closings. Do you need to save up separately enough for a p&s deposit before the down payment at closing? And if so what determines how much this should be??? [link] [comments]  |
| Posted: 01 Jun 2019 03:33 PM PDT Hi r/RealEstate I've just started looking into the industry of real estate as an investor. I'm young and highly inexperienced with only theoretical knowledge from you-tube and books. Is it common or recommended for new investors not currently interested in buying a home to ask a realtor to accompany them in visiting homes etc.. [link] [comments]  |
| Stressed About Closing—looking for reassurance or advice Posted: 01 Jun 2019 03:22 PM PDT We were "lender shopping" before finally choosing a loan agency that could get us approved at the highest rate, which was about 20k more than elsewhere. The appraisal process ended up taking longer than expected and delayed us a week. We were supposed to close yesterday, and put out a 7 day extension because the underwriter still isn't done. Is this common? Should I be worried? How long does it take the underwriter? We've sent all requested documents last week. Will we be able to close by the 7th if the UW still isn't done at this point? I'm so afraid to lose this house—seems like selling agent/seller is losing patience and might back out if we don't close by the 7th. [link] [comments]  |
| Mortgages: Does everyone get the same rate but PAY different costs to get that rate lowered? Posted: 01 Jun 2019 03:06 PM PDT I'm still trying to understand how mortgages work... When buying a primary residence, are all home buyers offered the same mortgage rate? ... but their "final" rate depends on how much the lender charges you to "buy down" the rate? Or is the rate very much dependent on the buyer's credit history? And/or are other factors involved such as the price of the home? For instance, is someone purchasing a home for under $200K given a higher rate than someone purchasing over $500K? I'm trying to look at myself through a lender's "eyes", so to speak. Right now, I'm about to reach out to another lender for a loan estimate... I've already received an estimate from one lender (for 4.25% on a $140K home) and I very much expect to receive the same rate from another lender but different origination fees! [link] [comments]  |
| Posted: 01 Jun 2019 02:28 PM PDT |
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