My House is For Sale (Day 3) Real Estate |
- My House is For Sale (Day 3)
- VA Loans. Loan limits w/ 0% down going away, nationwide.
- My boyfriend and I were supposed to move into our new flat this weekend, but now the landlord is on vacation?
- [Eastern Europe] What are the risks in real estate crowd investing platforms?
- Thoughts on investing in Section 8/Government Subsidized housing?
- (US) - What Are You Seeing In Your Local Real Estate Markets?
- Questions to fill my 1hr with a realestate attorney
- Is it worth it to seal my driveway for $500 to add curb appeal if I am selling it?
- House failed septic inspection.
- Termite inspection
- What’s the worst part of home buying process?
- I feel like I am being tricked by an investor who is in the process of buying my dad's house [SC]
- Did Zillow dramatically decrease their Zestimates?
- [TX-VA Loan] Built Home, appraisal came low can I go to another lender and get another appraisal done?
- What does Owner's affidavit state?
- HOA mysteriously owns adjacent piece of land to new house. Any ideas?
- Bought house in flood zone, now I’m panicking.
- The importance of a survey
- Any advice on choosing a team name
- Deposit Before Viewing?
- Any tips on hiring surveyors?
- Anyone with South Florida condo experience
| Posted: 27 Jun 2019 11:15 AM PDT My neighbor caught me vacuuming the sidewalk this morning, which was only slightly more embarrassing than the public fight with my husband about who's job it is to dust the shrubbery. Our house was on the Broker's Tour yesterday. This is an event during which agents tour your home and leave suggestions on better ways to make it look like nobody lives here. We got positive feedback such as, "Gorgeous! Shows like a model!" and advice like, "Remove knives from kitchen." Because everyone knows that knives are scary and might cause potential buyers to run screaming into the (squeaky clean) bushes. Our garage apparently "smells like engine exhaust." I'll get right on that after I eliminate all evidence that we have- GASP!- a dog. Ha ha, just kidding! We of course purged the entire premises of anything related to living beings before we listed. We and our fellow homesellers are the only people in America who never eat, bathe, shit, sit down, sleep in our beds, or use our belongings in any way other than decoratively. We mostly wander dead-eyed through our homes looking for microscopic dust particles upon which to pounce with enthusiastic glee. I've been second-guessing our listing photos. Sure, they look bright, tasteful, and professionally fake like everyone else's, but perhaps we should have hired attractive models to be featured doing homey things like cooking dinner in the "gourmet kitchen" or doing yoga in the "flex space." Maybe a sexy chick lounging on the patio while a shirtless male stripper grills hamburgers nearby would appeal to potential buyers. I have learned that the word "room" is completely out of vogue. Now we have "spaces," and all of these "spaces" are "open" and "airy." We have "spacious spaces" that are "flooded with natural light." I just now caught sight of what might be a smudge on one of the "high-end stainless appliances." FML. [link] [comments]  |
| VA Loans. Loan limits w/ 0% down going away, nationwide. Posted: 27 Jun 2019 07:17 PM PDT |
| Posted: 28 Jun 2019 04:40 AM PDT My boyfriend starts his new job this Monday. We were looking for flats last week, found one, put the holding deposit down, filled out all of the forms, background check, credit check, etc, which has all gone through.... and we're waiting to hear back about exactly what day we can move in (they said maybe June 30th). Having heard nothing yesterday, we called the office that was handling our case, and they said that the woman in charge of our flat is on vacation until next week. We then called the real estate office that showed us the flat and has the keys, and they said that they'd look into it ASAP. I'm just wondering what to do here because my boyfriend doesn't have any experience with moving or the apartment hunt as he's been living in his first and only flat for the past five years. I, on the other hand, have moved and apartment hunted a few times, as well as having some past experience as a letting agent, so I sort of know my way around these tricky areas. However, the lease is going to be under my boyfriend's name, and he also has a deeper voice than my female one which sounds more convincing on the phone lol. It would just be really inconvenient for us to have to move into an air b n b for a week given that we're moving 7 hours away from where we are now, and still need a van to bring the stuff down. Plus, we need to have a move in date so that if we have to book a hotel or something, we know when we'll be able to check out! Should we be more persistent? In one past case, the landlord actually let me move into an apartment even before my background check was done because, well, they just knew that I was a good candidate. In this current situation, my boyfriend and I are pretty ideal tenants... would it be reasonable to ask the office if we can get the keys now? The background check passed, credit check passed, etc. [link] [comments]  |
| [Eastern Europe] What are the risks in real estate crowd investing platforms? Posted: 28 Jun 2019 03:51 AM PDT I came across an advert for "crowd investing" website and something seems fishy to me. This is the website: https://estateguru.co/investor/ They say that they have "Historical returns of 12.16%" 12.16% is of course insane, since stock market barely returns you 5% inflation adjusted. So what is the catch? I am fully aware there is no free lunch. I think this platform is somewhat copied from already existing crowd financing real estate platforms in the west specifically for Eastern Europe, so the same issues should apply. Kindly let me know all the information you have on why this is a BAD IDEA. Thank you [link] [comments]  |
| Thoughts on investing in Section 8/Government Subsidized housing? Posted: 28 Jun 2019 01:45 AM PDT The best tenant is the government. It will never skip on rents, it'll never negotiate a lower monthly rate out of nowhere, and it'll never be vacant. With that in mind, building section 8 or other subsidized housing units would be the way to go as a jumpstart, correct? If you have done strategies similar/equal to this one, I'd love to hear how it turned out for you. [link] [comments]  |
| (US) - What Are You Seeing In Your Local Real Estate Markets? Posted: 27 Jun 2019 09:12 AM PDT Curious to see what's going on around the country right now, from luxury homes in LA, to Seattle, Denver, Austin, etc. Are units on market longer? Still getting offers over listing in cash? [link] [comments]  |
| Questions to fill my 1hr with a realestate attorney Posted: 27 Jun 2019 03:18 PM PDT Hello Reddit friends, I am going to enjoy 1 hour at $1/8* (monthly rental income) with a real estate attorney to ask a few questions regarding one of my tenants, and have the attorney review my lease. It is a 1 hour minimum and all of the hour is to be used up. I suspect my questions will be answered within 20 minutes. For any knowledgeable persons do you have any additional important questions I should ask for my situation since I will likely have time left over. My details: I rent out rooms in my single family primary residence. 3 roommates. There is rent control in my area, but it may not be applicable or partially applicable because I am living in the home with my tenants. Additionally, adjacent to the house is a vacant lot which I plan to build on and will ask some questions about that possibly including rezoning, moving it into an LLC, any important items on the construction side. The lot has no services presently (electricity, water, sewer). Located in the Bay Area. Thanks in advance. [link] [comments]  |
| Is it worth it to seal my driveway for $500 to add curb appeal if I am selling it? Posted: 27 Jun 2019 06:03 PM PDT Hi, so my driveway looks pretty ugly, and there are some cracks, and sunk-in spots. There is also a separation crack along the house that causes some flooding in the garage. Sealing it will help, so should I do it before I put it on the market? [link] [comments]  |
| House failed septic inspection. Posted: 27 Jun 2019 05:41 PM PDT We've been under a prolonged inspection period due to schedules of the various inspectors (already pushed deadline twice now). The inspection period now ends Friday at 5pm. Today, the house failed septic inspection. Specifically the filter pump is not working as it should and needs to be replaced. The results have already been shared with the county health department and we have our report which deemed it a health "nuisance." Inspector says it will be a 3-5k repair. Clearly we don't have enough time to get estimates for repair/replacement. How should I proceed? Should we ask for seller to fix it? Or, do we take a gamble at a higher cost repair and ask for a 5k credit? Or something else I haven't thought of? [link] [comments]  |
| Posted: 27 Jun 2019 09:23 PM PDT We are selling our house and had a termite/ wood fungul inspection. There were some issues in the report with fungul and wood rot. Mostly in our decking.The first report was not clear with no pictures and no markings on the actual wood areas. There was an outline of the property labeled a, b or c with notes on what needs to be fixed. Out realtor called to verify and we complied with the initial report issues. They came out to check that the issues were taking care of but now they added additional issues to the report that were not in it previously. Our realtor feels that they did not appreciate that we did not use them and their ridiculous quote to fix the items. I know the issues need addressing and we have no problem in fixing them but is this normal practice? Especially being so close to closing. Are we going to expect new additional issues after the 2nd set of issues are fixed? [link] [comments]  |
| What’s the worst part of home buying process? Posted: 27 Jun 2019 07:50 PM PDT Hey all. I've posted a couple times here and was wandering the worst part of home buying for you? Everyone says the process is so bad but it really hasn't been that terrible. My file literally went into underwriting today. Thank you! [link] [comments]  |
| I feel like I am being tricked by an investor who is in the process of buying my dad's house [SC] Posted: 27 Jun 2019 10:21 AM PDT After probate was finished following my dad's death an investor reached out to me about buying his house. He has harrassed us for months about this house. He's buying it as is and settled on 130k. We signed the contract which leaves him 30 days to back out. His assistant reached out to me a few days ago asking for pictures, which I gave, and now the house is listed for sale on Trulia. We have not exchanged money at this point and today he said he would only buy the house if we lower it to 126k even though we already signed a contract. I am so confused and I don't know what to do. Does anyone have any insight? The investor is located in NJ and has never been to the house. [link] [comments]  |
| Did Zillow dramatically decrease their Zestimates? Posted: 27 Jun 2019 06:26 PM PDT The house I have for sale as well as all the houses I'm looking at had their zestimates dramatically decreased today. And the houses aren't even in the same area, it's colorado and Illinois. And by dramatically I mean like $50,000 [link] [comments]  |
| Posted: 27 Jun 2019 05:43 PM PDT So, here's the deal: I built a home at $225K in DFW. After upgrades, despite saying I don't want to go over budget but I did on the granite, the price was upped to $230k during the appraisal but the amendment wasn't signed until after the appraisal was given to me. I fought the appraisal and got it up to $235k but the lender is saying the VA says the lender can only give me $225k because of the amendment being signed after the appraisal was given to me. Is it possible for me to go to another lender and get a new appraisal and loan for the new sales price? I attempted to the seller to settle at $225k but since I raised the appraisal he's thinking $230k is low now. If yes who's a local lender in DFW lol I had 4.25% with 1,800 lender credits and no lending fees. P.S. I don't recommend creating a ROV on your own, it's a bitch. [link] [comments]  |
| What does Owner's affidavit state? Posted: 27 Jun 2019 05:20 PM PDT So I am about to close real estate (first home buyer) within a week. Reviewing commitment title, I read owner's affidavit. What does this state in the affidavit? Anyone can educate me for this? And what should I pay attention in the owner's affidavit? [link] [comments]  |
| HOA mysteriously owns adjacent piece of land to new house. Any ideas? Posted: 27 Jun 2019 11:20 AM PDT We are in the due diligence phase of purchasing a new house and have come to find that there is a lot adjacent to ours that is owned by the HOA. It's about .1 acres of woods and the HOA has no idea what it's for or who to ask (they actually own another piece close in proximity, but that piece doesn't touch our property). It is not communal land as you would have to walk through private property all sides to get to it. I genuinely have never seen this before and there is not another instance of this in the entire county. I sure would like to know who/what owns that land and their plans before purchasing. Any ideas or any ideas who else to contact? Map provided for clarity. https://imgur.com/a/4EYXvdc [link] [comments]  |
| Bought house in flood zone, now I’m panicking. Posted: 27 Jun 2019 08:25 AM PDT In February it'll be two years since I bought my home. When i bought it I knew it was in a flood zone, but I was made to believe it wasn't a big deal (bought the home when i was 24). The house has never flooded. I tried to get a permit to get a fence last week and was denied Because "it's one of the worst flood areas in the county". Now I am in full panic that I will never be able to sell the home. I have been wanting to sell it before all this, because I want to live in the city. Any advice on this issue? Thanks! [link] [comments]  |
| Posted: 27 Jun 2019 09:23 AM PDT Getting ready to purchase my first home (cash buyer) and was speaking with my buyers agent regarding closing cost. The home will be in the city where I'm guessing lot lines are pretty defined. Nevertheless, I told her I'd like to have a survey done on the property before closing, and she looked at me like I was crazy and told me "I'd be wasting my money". She said I could pay someone a few bucks to locate & mark the "pins" if I really want to, but paying to have a survey done was just "ludicrous". Is she right, or is it time to find a new agent? Edit: Thanks for the info everyone. I had always assumed that everyone had survey's done prior to closing. Learning more every day! [link] [comments]  |
| Any advice on choosing a team name Posted: 27 Jun 2019 04:14 PM PDT Hi Guys I'm looking start a real estate team and have 2 people ready to join. I'm looking for a simplistic yet catchy name. Here are my thoughts City Life of Georgia [team] Berry & Associates [this is a really traditional] Any thoughts? Any suggestions on something different? [link] [comments]  |
| Posted: 27 Jun 2019 06:03 AM PDT So I've been in contact with someone who seems to be renting out their place near the university I'll be going to next year. I've been sent pictures, prices, lease information, etc. Everything is great except for the fact that the person says they cannot allow me to see the place until the end of July. They have also asked me to make a deposit to secure the place, even though I told them I would definitely want to see the place before I make any kind of deposit. They've even offered to give me a receipt but that doesn't prove anything right. My question is, is making a deposit before even viewing the place a normal practice? [link] [comments]  |
| Posted: 27 Jun 2019 11:55 AM PDT Ive called 15 survaying companies so far but no luck, they always say theyll call back(but never do), they say they need to get some info on my property. I managed to set up an appointment with one company but they never showed up. Im wondering if they think my house is hard to survey or something? Im not sure how these companies work so maybe this is normal? [link] [comments]  |
| Anyone with South Florida condo experience Posted: 27 Jun 2019 03:11 PM PDT Hi folks, Found what seems like a good deal on a condo for rental purposes. Price and cash on cash return are great. When talking to my mortgage broker I learned of two things that sounded alarms in my head: 1) lender needs to confirm certain budgeting from their HOA for reserves 2) rates are much higher (over a point) Even at the significantly higher rate, the deal checks out well, but due to the lender's increased scrutiny, I'm concerned I'm not factoring something as I venture into my first condo deal. I've been an owner and landlord in single family, duplex, triplex, and fourplex. What do I need to know going into this deal that I wouldn't already know and why the increased scrutiny from lender? [link] [comments]  |
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