Who found their home online before agent sent over home? Real Estate |
- Who found their home online before agent sent over home?
- Open house okay?
- Listed FSBO and lots of requests for buyer's agent fees
- Recommend me some books!
- To sell or to rent home? Inherited a house
- Will being a real estate agent withstand the test of time?
- Tips for showing rental properties?
- Passing Florida Exams make me feel dumb
- who do you think the judge will favor?
- Will Zillow dispose of items left behind without consequence?
- Seller made two counter offers and we accepted, twice. Now they're countering again.
- Real Estate Investment Question: Perspectives needed.
- Bad buyers feedback, good realtor feedback
- Can you have deadline clause for the lender when making a short sale offer? And a few other questions!
- Rent payment options (cash, check, etc.) and respective laws?
- Getting a loan on an off grid property
- [WA] I gave notice to our month-to-month roommate/tenent that the agreement would be ending in 40 days, and is now starting to have increasingly aggrivating and purposefully disruptive/disrespectful behaviours. What are our options to stop this?
- Inspection Issues: Need advice
- Looking to buy a house from a corporate home builder and I need advice.
- First Time Home Buyer - Home Inspection: What do we ask seller to fix or repair?
- How to add my son's name to the house title?
- Long term impact of low home appraisal?
- I need help coming up with a way to finance a purchase
- Buying a Condo in Affluent Neighborhood
| Who found their home online before agent sent over home? Posted: 24 Jun 2019 08:32 PM PDT Curious to see how many people used online sites to look for homes before their agents sent them or showed them the home. I feel like agents are significantly overpaid for little work especially on the buy side or with new builds. We have purchased 3 homes and never once had an agent bring an idea to us. We basically ask for them to let us in and spend am hour negotiating the price. Is that really worth 3% especially in high priced areas. Makes the hurdle rate to breakeven ridiculous when you take in local/state taxes and closing fees. We all need to start demanding more value for the money paid. People are doing it with stock commissions, investment fees, CPA costs, etc. Why the slow grind to change Real Estate? Update: I get the buyer doesn't pay but still adds to cost of home and is ultimately a cost you pay when you sell. I agree agents have a use, same as real estate attorneys. But an hourly cost or a flat fee would make more sense. Is a 300k home vs a 2mill home that much more work for a 51k difference? [link] [comments]  |
| Posted: 24 Jun 2019 08:31 AM PDT I would like to buy a house, but I'm not ready yet financially and am still actively building my down payment. Is it okay to go to open houses of houses I see online to just get the lay of the land and see what my money gets me in the small radius I'm looking for eventually? [link] [comments]  |
| Listed FSBO and lots of requests for buyer's agent fees Posted: 24 Jun 2019 05:31 PM PDT I'm new to this and listed my home for sale by owner. It's in a seller's market where similar homes are selling in just a few days. My home is the only one of its kind (3 br, 2 ba under 250,000) on the market. I've had agents reach out interested in showing their client but they want a 3% fee if their client buys it. I am doing FSBO to avoid fees so this is a tough pill to swallow. What do I do? [link] [comments]  |
| Posted: 24 Jun 2019 04:58 PM PDT I need good RE books to read. Let me know if you guys have any suggestions. Thank you [link] [comments]  |
| To sell or to rent home? Inherited a house Posted: 24 Jun 2019 04:32 PM PDT My mom passed away in March and I inheritance a house that is worth 800k-900k. My dad owns $150k and the bank owns approx. $150k, and I own the rest. I have been paying for homeowners insurance, mortgage ($800 a month), and monthly utilities. I am a full-time university student and I have to make a decision ASAP whether to sell or to rent. I have been going through every room in the house and cleaning it up (taking items that i want back to another location i live at). I have been doing this job all by myself (only child and I don't have much family who lives near me) and it's been a huge headache. I want as much advice as possible regarding should I rent out the house (probably don't want to go down this route since I'm ready to close this chapter of my live and move forward). If I chose to sell the house, should I try not to have the estate sale before listing the house on the market so that at least there is some furniture in the house (staging purposes)? I understand renting is a long-term project, but I'm young (almost 21) and I don't even know what career pathway I want to follow yet and I don't want to have to have this burden over my head. I know that property is a great investment and if I do sell the house, I may look back when I'm 30 and think I should have waited, but I also think I need to do what is best for me now at this point in my life. It probably sounds like I have already made up my mind, but once again, I want viewpoints from all sides of the spectrum so all help is appreciated! Thanks [link] [comments]  |
| Will being a real estate agent withstand the test of time? Posted: 24 Jun 2019 05:32 PM PDT I ask this because I'm considering becoming a real estate agent myself, however, I just don't see the career being in business for much longer considering rapid advancements in technology and the fact that sales positions etc. could likely be replaced by AI? [link] [comments]  |
| Tips for showing rental properties? Posted: 24 Jun 2019 10:49 AM PDT Hey gang - simply put, I just got my license and plan on working with various renters as I begin my career. Just wanted to reach out to all of you to see if you had any tips for showing rental properties. Thanks! [link] [comments]  |
| Passing Florida Exams make me feel dumb Posted: 25 Jun 2019 01:14 AM PDT Okay. I've taken like three courses in real estate in Florida. I have a Master's degree and multiple insurance licenses. I'm a Florida notary (easiest thing ever). I have an IQ of 130. Yet I can't even pass the course test on these licensing platforms. Am I like really smart stupid person? Or, a really stupid smart person? [link] [comments]  |
| who do you think the judge will favor? Posted: 24 Jun 2019 12:33 PM PDT I just want to get a general idea of where i stand in this case. For 5 years my neighbour has been pushing my small pine trees to my side with his junk. he would stack old bikes, planks of wood against my trees/plants causing them to bend 45 degrees. i told him to stop but he never listened. i pushed his junk back to his side, but he would just pile it back to mine. so recently i decided to put up a fence becus of this, but the guys who installed the fence placed it a few inches past our property line, so now my neighbour is suing me in small claims court for invasion of property line and 7 hundred $. i have pictures proving that my neighbour has been invading and damaging my property for years, but at the same time i realize that my new fence is not 100% on my side. do you think the judge will only focus on the fence, or will he take into consideration what my neighbours actions were in the past that led me to put up the fence, edit: i am located in bethesda maryland [link] [comments]  |
| Will Zillow dispose of items left behind without consequence? Posted: 24 Jun 2019 10:44 PM PDT I have a buddy that has sold his home to Zillow. He could have got a better offer if he put some money into the home but wanted to get out from under it ASAP. Buddy doesn't have a lot of spending cash and doesn't have a way to get rid of furniture and, just plain stuff. My question is, will Zillow just take care of leaving a couple of couches and bookshelves behind or will buddy get penalized even after he has signed the agreement? They do state in the contract (as far as what he has shown me) that they are buying AS IS! I'm sure this sub will hate this question but myself and my buddy aren't too saavy in the real estate biz. Thank you for reading and any clarification. [link] [comments]  |
| Seller made two counter offers and we accepted, twice. Now they're countering again. Posted: 24 Jun 2019 10:19 AM PDT Just wondering what our options are here. There is a home for sale in our neighborhood at 285k, which is pretty high compared to other similar houses. We offered ~272k plus 3% back on closing (so, total $280k). They countered asking us to pay for title. We said fine. Then they said they would pay for title and 3% back on closing if we raised to 275k (283k total). We said fine. Now they're coming back again asking for 285k and we're left frustrated. Apparently the owners are getting a divorce and the agent worked with the wife for the first two counters, then the husband wanted to stick it to his ex and put his foot down with the third. Do we have any recourse here? If they made a counter (2!) that we accepted, cant we hold them to that? We don't feel like we should be responsible for other peoples' drama. [link] [comments]  |
| Real Estate Investment Question: Perspectives needed. Posted: 24 Jun 2019 04:14 PM PDT I Just got pre-approved for a mortgage but my ceiling is pretty low. I'm looking to buy somewhere near Toronto but prices are too high for me in desirable neighbourhoods. From an investment standpoint, would I be better off buying a condo like this which would position me somewhat near to downtown Toronto? Or should I try to buy a detached house in a smaller community outside of the GTA? Maybe even as far as Hamilton? I don't mind commuting and this won't be my forever home; I want to buy something that will give me the best return on investment. [link] [comments]  |
| Bad buyers feedback, good realtor feedback Posted: 24 Jun 2019 02:53 PM PDT For our listing the feedback from realtors is that the house is priced appropriately and nice. Buyers complain about the smallest things (cracked walkway they can easily fix) or things that put the house at the price it's at (older kitchen whereas comps show if it was new the purchase price would be 20k more). Realtors highlight the layout, very well done finished basement, yard. Only one low ball offer out of ~18 showings. Signs of a non hot market, or just need to be patient and wait for non crazy buyers? Averaging 3-4 showings a day. [link] [comments]  |
| Posted: 24 Jun 2019 08:39 PM PDT Hello! Sorry for all the text, figure the more information the better. My partner and I have been seeing homes with our agent. We had a bit of a back and forth on one home, they accepted and then declined the offer. Different story. This is all in Philadelphia, Pennsylvania. Today we saw the absolutely perfect home for ya. In the timeframe between scheduling the visit with our realtor and actually seeing the property the seller dropped the price of the home substantially (310 to 260). Comps in the area float in between those numbers on the higher side. We found out it is a short sell. The property was passed from one family member to another about 15 years ago. It seems as though it may be an equity loan that is being short sold (forgive me if I've got that wrong, seems as though they put the property as collateral and took out a loan is what I'm saying, since the sale history is for a dollar 1 year ago and the sellers disclosure said it was from grandparents to a grandchild). Been reading r/realestate and watching some great YouTube videos about short sales. We've got the jist. I've asked these questions of our realtor but figured I'd post here as well because you guys kick ass. We don't want to miss out on other opportunities while stuck waiting for a lender to make a decision on the loan. Can we make an offer that is contingent upon an agreed upon period of time for lender approval? Say 40 days and if they don't make a decision we can back out and eat the inspection or any other cost? In short sales do the lender and seller ever agree upon a number first and then short-sell the house? Surely that would be quicker and easier. Sheesh. Can we negotiate or speak to the lender directly or with the seller? Thank you deeply for any and all wisdom. [link] [comments]  |
| Rent payment options (cash, check, etc.) and respective laws? Posted: 24 Jun 2019 07:44 PM PDT My landlord is telling me that I can only pay by direct deposit to their bank account- I'm finding it hard to accomplish this without incurring fees. Are there any laws that say landlords must accept certain payment types? I'd really just rather schedule a recurring check from my bank account. [link] [comments]  |
| Getting a loan on an off grid property Posted: 24 Jun 2019 03:40 PM PDT Any ever get a loan on an off grid property? We are looking to buy a beautiful place on 5 acres with a stream that runs through it. Its a real house, but it only has solar for electric, a septic tank, and a storage tank for water. No well or city electric. The road to it is kinda rough and only sort of maintained in the winter by the property owners. We are having trouble getting a loan on it since it is a little non conforming. We have excellent credit and enough for a good down payment. Anyone have any luck on getting a loan for something like this? Other advice I got was to reach out to "local banks" and credit unions but so far they are less interested than the big banks. thanks for any advice! [link] [comments]  |
| Posted: 24 Jun 2019 03:14 PM PDT We own our home, and we gave our roommate/tennant advance notice so she could find a place with extra time (40 days), more than Washington state requires (20 days), and more than our lease states (30 days). Instead this has back-fired on us and we are now dealing with an increasingly hostile roommate situation. For example:
Prior to this, there was never any hostility or ill-will from either of the parties. She was a little socially awkward, but was never disrespectful. Now, it feels like we are living with a teenager throwing a tantrum. We are leaving for a 2 week vacation a few weeks before her lease is scheduled to end, so we are concerned about what will happen in our home while we are away. What are our options here? Is it legal to place a security camera in our living room/common area which has no direct or indirect view of her bedroom, bathroom, or the passageway inbetween? I have and continue to speak to her about these things, but having to have a talk with an adult about leaving their toenails on the carpet seems ridiculous to me. [link] [comments]  |
| Inspection Issues: Need advice Posted: 24 Jun 2019 02:36 PM PDT Background: Wife and I are in the process of (hopefully) purchasing a home. The home is about 100 years old in Southern New Jersey. We are going forward with an FHA loan. We asked for no concessions from the sellers as we were comfortable with meeting between their ask and our initial offer. During our inspection (not FHA appraisal) our inspector mentioned a concern with a slope in the second story. The home is otherwise in pretty great shape for the age. We were aware of the slope, but chalked it up to an old home settling over the past 100 years. There is also a temporary jack in the basement which is not permanently attached to the structure (no footing and no bolts in beams or joists), which may have been a previous attempt at mitigating the slope. Current homeowners have been in the house for 6 years and the jack apparently predates them. At his advice (and now a little concerned) we decided to price out a structural engineer to come out and give the house an inspection. However, every honest structural engineer we've talked to has indicated an inspection will be essentially impossible unless we also hire a contractor to cut windows in the drywall on the first floor. I have a feeling the sloping will be chalked up to settling, but we don't want to run the risk of purchasing a structurally unsound house. Our agent has suggested we ask the buyer if they'd be willing to pay for the contractor and we'd pay the engineer. If there are any repairs needed we will pay up to $500 (admittedly nothing compared to serious structure repairs) but buyer would be responsible for anything above that. My initial impression (putting myself in their shoes) is they will tell us to kick rocks. I can't imagine letting a potential buyer just open up walls in my living room during the inspection period. And this will be on top of some repair requests we will be making just to be sure we have a smooth FHA appraisal and insurance process (handrails, chipped lead paint on exterior window trim, minimal knob and tube). Has anyone had any experience with anything like this? And if so, what was the outcome? Or even advice from more real estate savvy people would be very helpful. Thanks! [link] [comments]  |
| Looking to buy a house from a corporate home builder and I need advice. Posted: 24 Jun 2019 06:19 PM PDT Hello, First off thanks for reading this. I've recently put in an offer to buy a new house built by a corporate home-building company. While building the house they listed the price as X, and then reduced it by about $30,000 when it was near completion and move-in ready. They told us that it is a normal pricing strategy. My realtor sent me data pertaining to recently sold houses in the same neighborhood. I was pretty happy b/c houses were selling for $20,000-$40,000 below the list price. So I put in an offer of $40,000 below their list price and their response was something to the effect of, "We can't even accept that offer as we have already discounted X amount after the house became move-in ready. That is our base price and we would be losing money if we went below. We also do this so that the value of our houses do not drop (it's a somewhat nicer neighborhood)." They also mentioned that they have rarely dropped below base price with the permission of a manager in order for entice a buyer..
Thank you. [link] [comments]  |
| First Time Home Buyer - Home Inspection: What do we ask seller to fix or repair? Posted: 24 Jun 2019 05:58 PM PDT We are in contract to purchase a house and just had our inspection completed. Nothing too major came out of the inspection part, but I'm not sure what is warranted in asking the sellers to fix or repair. FYI: Seller's accepted our offer which was at their asking price. I was thinking that we include all the items that the inspector noted that should or need to be done before settlement. Not sure if any other items are worth asking for, but was thinking about the garage door and the exterior door to the garage? Below is a list of items that popped up in the inspection:
[link] [comments]  |
| How to add my son's name to the house title? Posted: 24 Jun 2019 02:01 PM PDT I want to add my son's name to the house title. Who do I need to contact for this? also, are there any legal ramifications for doing this? [link] [comments]  |
| Long term impact of low home appraisal? Posted: 24 Jun 2019 01:54 PM PDT Hi - I'm wondering if there are any long-term considerations of a lower than expected home appraisal. Specifically, here is our situation:
Thanks! ninja edit: typo [link] [comments]  |
| I need help coming up with a way to finance a purchase Posted: 24 Jun 2019 05:18 PM PDT So I've been looking for a house for a while now with a max limit of 120k. My sister's boyfriend, lets call him Steve, just came across a potentially good deal, but we are trying to figure out how to finance the deal. A coworker of Steve, lets call him Jim, is going to be buying a new house, and moving out of the current one and wanting to sell it. The house should appraise for at least 100k, but Jim only owes 70k. Jim is going to offer Steve the house for what he owes on it. Here's where the tricky part comes in. The original thought process here was that Steve was going to buy the house from Jim for 70k, then put 30k out of his pocket into renovations into the house with my assistance, and then sell the house to me for 100k. He's not looking for any gains out of this house. He just wants to see me get a good home and help teach me how to renovate things and take care of the house. However, I believe doing it this way would require us to pay closing costs twice, which is obviously a waste of money. I'm not sure if it would be possible to avoid paying closing twice if we did it this way. The other thought was that I could buy the house first and offer Jim 100k, and then we somehow get the 30k back to either myself or Steve. I just don't think the bank would allow this to happen, so I'm not sure how good of an idea this is either. I also wasn't sure if we could make a contract or something to make this happen. Is there any way to finance a deal like this? If I took out 100k for the house, could we split 70k to Jim for the home and 30k to Steve or myself for the renovations? Any other ideas would be greatly appreciated. Basically, the house will be sold for 70k, and it should easily appraise for at least 100k in its current condition. I want to put ~30k in renovations into it, but won't be able to afford it unless I get that money tied into my mortgage somehow. Unless Steve buys it first, and he puts in the 30k out of his pocket. [link] [comments]  |
| Buying a Condo in Affluent Neighborhood Posted: 24 Jun 2019 01:02 PM PDT I have lived in San Diego for about a year now and I am planning on buying a condo soon with a budget of $500,000. I have narrowed it down to either Tierra Mesa or Del Mar Mesa. Both are nice, safe neighborhoods and 15-25 minutes from where I work. However the latter is my preference. I know they are not the wealthiest places in California but they are out of my reach until recently. I am streching my budget to do so. I'm 30yo single with one source of income. Would living in a affluent neighborhood put financial pressure on me? I don't come from a wealthy family and I don't know how it is living in a place like Del Mar Mesa. Thanks for any help or advice. [link] [comments]  |
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