Real estate agent is trying to steal my house Real Estate |
- Real estate agent is trying to steal my house
- What are pros and cons of paying for a home outright with cash?
- Buyer wanting contractor to come over after home inspection (Delaware). How to handle?
- Anyone ever sold a home “as is?” What does that mean to you?
- Best tools to utilize to study a market?
- Question about Solar in a stacked townhouse
- Question for realtors: does it seem weird that my house just sold at auction for close to what I had it on the market for but I never hear about a single offer, not even a low ball, from my realtor?
- Woes of selling my house
- Explain this offer to me?! Offering over list...but want the difference in closing??? Huh?....
- Your scariest moment as a real estate investor!
- Any benefits to USDA financing other than 0% down?
- My first open house (as a visitor)
- Low Appraisal-Help/Advice
- Escrow closed but agent is still trying to get me to sign buyer inspection waiver?
- 32 and looking to buy our first home.
- Renting My First Home
- Real Estate / Property Development Tech Project
- First time home buyer looking for advice.
- I am freaking out [CA]
- First time home buyer. What red flags should I look out for when looking at newly renovated houses?
- Condominiums, HOA, and economies of scale?
- anyone ever use hyatt legal services to close on a coop in nyc?
- Anybody know what I can invest $1200 into?
- Subjective Opinions: What are Reasonable Inspection Issues?
| Real estate agent is trying to steal my house Posted: 30 Jun 2019 08:45 PM PDT As the title describes, I got a real estate agent and signed a 6 month contract to sell my house. My house sits on an acre in San Diego, California, it has 5 bedrooms and panoramic views through out the house. The house is valued at 650k, this real estate agent who I signed with 4 months ago to sell my house was telling me that there was multiple people who were interested in purchasing my home, he began to tell me that because my home is in bad condition because of landscaping and a few other minor things he said he can sell my house for 450k to an investor that HE knew and that he also had a friend who could also offer me 450k as well. I come to find out that this real estate agent has never even listed my house on MLS, Redfin, Zillow, realtor, or any websites saying that it was for sale. My house was not even listed on his real estate companies website that he works for. This real estate agent knows I have fallen on hard times and that my house is up for foreclosure very soon. He took advantage of my situation and pretty much hung me out to dry for 4 months. I confronted him about my house not being listed online for sale or not even having a sign outside my house and he never texted me back. I waited 30 mins and look up my house and see that he just posted my house for sale 30 mins ago on all the websites. He couldn't have done this 4 months ago! he was trying to steal my house and make money off of my situation. Is there any legal action I can take against him? Should I call his company? It is a very reputable company. Is this legal for him to do something like this to me? [link] [comments]  |
| What are pros and cons of paying for a home outright with cash? Posted: 30 Jun 2019 04:40 PM PDT I have spent my entire life in a New York City apartment which I own, which is now worth almost half a million. I plan to retire to Texas in about 6 or 7 years or so, cheaper to live of course, (compared to NYC) and honestly all I want to do is spend my life relaxing in a house with a hammock and a dog. Austin, TX is close enough to some of my family (the ones I can actually stand to be around) and I've been there enough times to have a good feel for it. I've been keeping an eye on some houses around there, and there seem to be some decent ones around 200-250k. I don't need a huge house. Question is: is it a good idea to buy a home outright with cash? I can sell my NYC apartment and have more than enough to buy a house outright, and still have some cash in the bank for other unforeseen expenses, etc..is there any pros/cons for paying for a home in cash versus financing? [link] [comments]  |
| Buyer wanting contractor to come over after home inspection (Delaware). How to handle? Posted: 01 Jul 2019 04:19 AM PDT Their inspector found evidence of past termite treatment/damage in one corner of our basement. We had disclosed this as it was noted when we bought the house three years ago. No evidence of any current/recent termites during our time here. Buyer is requesting a contractor "evaluate for structural integrity and repair if needed." It was their only request, and they have been motivated buyers so far. But I don't want to make a mistake in having a contractor come in and find other issues or highball a repair price. My agent says let them do it, don't rock the boat. I just don't want to make a mistake, so I'm looking for opinions from experienced folks. [link] [comments]  |
| Anyone ever sold a home “as is?” What does that mean to you? Posted: 30 Jun 2019 08:39 AM PDT My mother passed back in February, and my brother and I are trying to sell the home. However, we're conflicted on how to approach it. He wants to sell it "as is," but I think we need to empty the place and put a couple thousand into it so that it might sell quicker. The house is about 20 years old and in relatively good shape. My brother seems to think that if we leave the furniture in it and not worry about some of those spots that need to be painted or patched. I'm kind of leaning the other way. Get stuff out. Replace the carpet. Patch and paint. We're not terribly concerned about the price. We're more concerned about running out of money for the mortgage. Anyone ever sold "as is?" What was your experience like? [link] [comments]  |
| Best tools to utilize to study a market? Posted: 01 Jul 2019 03:33 AM PDT What are the best websites/tools to use to study the market? What properties sell for, what properties rent for, ways to analyze if you're getting a good deal, etc. Zillow has market comparables but I've heard to take those with a grain of salt. Any help would be greatly appreciated [link] [comments]  |
| Question about Solar in a stacked townhouse Posted: 30 Jun 2019 11:52 PM PDT Hello we are about to buy a second and third story townhouse. We will technically own the roof. I was wondering if my neighbor on the first floor wanted to install solar on our roof for their use what would happen in that situation? Could I request a fee or integration into the solar array? Thanks! [link] [comments]  |
| Posted: 01 Jul 2019 04:09 AM PDT tl;dr: House was on market for a year. Originally listed house for 220k dropped it to 190k never heard about a single offer. Bank finally foreclosed and auctioned it off where it sold for 180k. Wondering if it's weird that I never heard about a single offer, not even a low ball? (I should add housing market is pretty hot in this market. Newer houses in my price range were selling for asking price within 48 hours. Mine needed updating and was priced lower because of that.) I moved out of state and had to sell my house. I was in a bad financial spot and behind on my mortgage but I thought (and was told by multiple realtors) I should've been been able to sell my house for more then what I owed or definitely close to what I owed on my mortgage. I had one realtor list it first for 220k but I had tenants that were not keeping it in the right shape to show it. I pulled it off the market quickly, kicked them out and went down there to work on the place (paint, landscape, other small stuff). A realtor friend of mine who owns an agency that deals mostly with high end houses reached out and was offended I hadn't gone through him the first time but I thought he wouldn't want to be bothered with my house since he mostly dealt with 700k and up type properties. He said don't be ridiculous and so I went with him and he had one of his newer agents working on but it was his listing. We listed it for 219k o'n his recommendation. For months I didn't hear a peep until the newer agent called me and said we should lower it because the people that looked at it liked it but thought it was priced too high. At this point I realized I wasn't going to make any money off it and just wanted it sold as the bank was getting antsy and starting poo pre foreclosure proceedings so we dropped it to 190k and I said I'd really take anything at this point and especially anything above 160k because that's what I owed. Still didn't really hear anything but then the original agent, my friend, reached out to me telling me about a couple of showings like it was the first showings we had even though it had been on there market for months and I had been given feed back on previous showings. Things started to get weird but I trusted him so didn't give it a second thought. He eventually brought an investor friend of his to the table that would buy it for 160k cash. I agreed and signed offer acceptance paper work. Then I got notice the bank was beginning to get ready to auction it in a few months. The same day these investors pulled their offer. The house went to auction and after a few upset bids the house sold for 180k. Am I right to be concerned that I didn't hear about a single offer, not even a low ball, but the house sells for that much at auction? The last time I spoke with the newer agent she sounded frustrated with my friend and like she wanted to tell me more but couldn't because she would get in trouble if she did. [link] [comments]  |
| Posted: 30 Jun 2019 11:57 AM PDT I just want to vent. I fucked up selling my house. I had renters that caused quite a bit of damage to the place. Then due to the age of the house, there were also some stuff that had to be fixed. Renters fucked up my carpet, and potential buyers walk in to smell of nasty dog. got that changed. Went into contract and the buyer was concerned about the floors cuz it was lifted due to water damage. Buyer backed out. Fixed the leak and all pest inspection issues, but didn't fix the floor. Went into contract again and these new buyer was still spooked about the prior water damage. Buyer back out. Finally redid the flooring. My AC took a dump. Dropped more money to get AC back working. Got a buyer that super low balled me, finally got him to a doable price verbally. Buyer played me and never signed the amended contract. Buyer backed out and went with another. Now, over two months later, I'm running out of money paying this second mortgage and my house is still on the market. I've dumped so much money in it. I fucked up and should have gotten everything fixed right in the beginning. House is in a good neighborhood, not a fixer upper, not priced high either. Now it sits and idk what to do other than go on Reddit and vent about it. [link] [comments]  |
| Explain this offer to me?! Offering over list...but want the difference in closing??? Huh?.... Posted: 30 Jun 2019 08:28 PM PDT Tldr; our realtor went to sleep and didn't explain 10k overlist offer asking 10k in closing...motives?? We just got our first offer on our townhouse (we are still pre market) List: 384,900 Offer: 394,900 asking 10k in closing ???Does that not just make it kind of a moot point?? What is the motivation here? Do they just want us, as sellers, to be all glittery eyes OMG 10k over list...sure here are closing costs.....????? Our concern is with appraisal our neighborhood doesn't have any recent past comps in the last 6mo and those were at 350s little to no upgrades. We have updated all baths, kitchen and laminate throughout. It shows very well. but 20yo windows,roof,HVAC (all in good/ working condition) comps in other neighborhoods are in 380-415 similar features, space, community amenities. Many not very updated. [link] [comments]  |
| Your scariest moment as a real estate investor! Posted: 30 Jun 2019 06:45 PM PDT Hey guys, i want to know if you had any weird or scary encounters as a landlord. Did anyone ever blackmail or threaten you? Let me know if you ever had this kind of experience before. [link] [comments]  |
| Any benefits to USDA financing other than 0% down? Posted: 30 Jun 2019 10:27 PM PDT I am a first time home buyer looking at homes in a USDA eligible area. All that seems to offer is the option to buy with no money down, which would just inflate the payment and total paid with interest over time, right? Am I missing something? [link] [comments]  |
| My first open house (as a visitor) Posted: 30 Jun 2019 12:23 PM PDT I posted recently about whether it was okay to go to open houses as a potential future buyer but not a now buyer and everyone reassured me that was normal. So today I took the plunge and picked a home with an open house in my price range. The Good: I got to see not just the house but the surrounding area - it's one thing to like a certain area but to see a specific street gave me more insight. I also liked seeing the room sizes in real life as photography can definitely alter the perspective. I also found looking at the finishes helpful as this home was pretty updated - for example the bathrooms looked great but the kitchen flooring looked very cheap as compared to the online pictures. The Bad: When I came in, the agent (who was the listing agent as I recognized him from the online listing) was talking to a couple who were just curious about it. He never greeted me, or adknowledged my presence in any way. He did not speak to me once, even when I went into the kitchen where he was talking. The front door is near the kitchen so I'm sure he saw me when I walked in. Maybe because I look young although I'm actually 30. I am definitely making a note that I do not want to work with him in the future. [link] [comments]  |
| Posted: 30 Jun 2019 02:05 PM PDT Hello real estate reddit! We have hit a bump in the road in our home buying journey. Long story short(ish): my partner and i are interested in buying a home in a "hot area". We saw the house the day after it was listed, came in above asking price. They had another offer that was cash. The selling agent "liked" us, we wrote a letter about how much we love the house, said we wouldn't ask for improvements after inspection, and she wound up accepting our offer. She requested the closing be pushed back another month, we extended it another 2 weeks to help her out as best we could without totally inconveniencing ourselves (we have a lease that ends this same month we were supposed to sell). The appraisal was done and the house under appraised by $20,000. We cannot (and decided we wouldn't) make up the difference. Our lawyer advised we ask them to lower the price and we will close on the date she asked for. Just wanting some general advice or words of wisdom. I think the deal maaay be dead considering there was a cash offer who the seller may just contact to see if they're still interested :-/ just wanting to vent to Reddit and hear any stories you have about a similar situation! Thanks :-) [link] [comments]  |
| Escrow closed but agent is still trying to get me to sign buyer inspection waiver? Posted: 30 Jun 2019 09:16 PM PDT The seller and buyer agreed that no termite treatment will be performed. Escrow has closed. Why is the agent still trying to get me to sign the buyer's inspection waiver? Deal is in California. [link] [comments]  |
| 32 and looking to buy our first home. Posted: 30 Jun 2019 02:54 PM PDT I make 50k a year Gross with an average 640 Credit Score (which Im working on raising actively).I live in Rochester, NY and Im hoping to get some advice on the "gotchas" of home buying. The range that Im looking for is between $70k and $120k which is about what I would pay in rent, all inclusive. There are First Time HomeBuyer programs here that could help me greatly in getting into our first homes, but I honestly don't know where to start besides getting a pre-approval for the loan. What are the major cons of buying a foreclosed home besides the obvious? (unreported damages, leaks, etc). I have credit card debt and negative items on my credit report which are being paid off, albeit very slowly. I also am considering using my 401k to roll into the down payment. It's only 2 years old, but I doubt I'm going to have enough to retire by the age of 60 anyway. I'm more concerned with investing in something now that can help us later on, and if I can get my monthly payments down, I can focus on saving more instead of surviving now. Also, please keep in mind that I don't have family or financial help. Im not looking to to take the fiscal high road and *save save save*, I've been renting for the past 12 years and Im sick of not having anything to show for it. [link] [comments]  |
| Posted: 30 Jun 2019 06:16 PM PDT Can anyone give me very minimal info on what things I should look at when buying and renting out my first home? I'm hoping to have the capital in under 2yrs which I'm looking at have around 60k which is doable. I want to know from a trusting someone who's had success with multiple homes. What kinds of things would I be needing to look into as far as landlords, keeping overhead and expenses low, taxes, etc. Wanting multiple properties myself within 6 yrs maybe 5-6 homes being rented. I know the income won't be there for awhile but I'm thinking long term it'll be a good investment, especially if I end up with 10-15 homes in multiple areas. Which brings me to the question of having landlords or keeping up on my property while me not being there and still making a profit. I'll be doing lots more research in the meantime but that's what I'm heading towards for early retirement, real estate investing. 27 years old if that means much. Thanks [link] [comments]  |
| Real Estate / Property Development Tech Project Posted: 30 Jun 2019 03:29 PM PDT Hi, So I am entering my final year of University and have to complete a final year project. I have always been interested in Civil Engineering and should really have chosen it over doing Computer Science. So once I leave uni I want to switch things up and begin a path in real estate (currently am sitting on one property waiting to develop it) But why I am here is would anyone have any cool, good technology ideas which would be useful for real estate (any sort of areas) that I could try and develop for my final year project. [link] [comments]  |
| First time home buyer looking for advice. Posted: 30 Jun 2019 11:03 AM PDT I'm going to be starting my home buying process soon. Just in the planning and looking stage right now but I need to get some advice. What would be your best tips I should know when looking for my first home? Areas I'm looking for advice on would be negotiating with the agent, what red flags in a potential home that might be a huge cost later on, how much is ideal for a down payment, and how to get the best mortgage rates I can. Thanks! [link] [comments]  |
| Posted: 30 Jun 2019 07:45 PM PDT My Husband, my 3 year old, and myself were told by my Father-in-Law that we need to be out by September because his girlfriend is moving in. I am freaked out. I have no idea how to start this process. We have no credit (scores of 637ish and never used credit cards) and are looking and renting because we have limited income. Combined we make approximately $3500-$4300/month Expenses are approximately $1275 (phone bill, car insurance, groceries, gas) My husband spends about $500/month on gas because he commutes daily from the central valley to the bay area. Would moving closer to his work be better? The rent goes up the closer you get but I don't know if it outweighs the cost of gas. I have about $3500 saved at the moment and he is expecting a bonus check next month around $1000. My question is: where the hell do we start? How much can we afford? [link] [comments]  |
| First time home buyer. What red flags should I look out for when looking at newly renovated houses? Posted: 30 Jun 2019 03:39 PM PDT A lot of houses around the area I live in (Central NJ), in our budget, are houses that seem to be flipped and put on the market. They look nice, but I'm weary when it comes to the quality of the renovations. What are some red flags to look out for when it comes to houses like these? Also, are there any resources for first time home buyers to look into and take advantage of? [link] [comments]  |
| Condominiums, HOA, and economies of scale? Posted: 30 Jun 2019 07:05 AM PDT So here's question I have, and perhaps more experienced folks can comment. I'm wondering if condos benefit from economies of scale? For this assume there are 15 units. Say the association wants to replace all of the outdoor decks. They get one contract to do them all. I assume the price of doing that / 15, is less than if each person where to go our and contract someone individually. Same with landscaping, maintenance etc. Does anyone else believe this to be the case? [link] [comments]  |
| anyone ever use hyatt legal services to close on a coop in nyc? Posted: 30 Jun 2019 05:49 PM PDT |
| Anybody know what I can invest $1200 into? Posted: 30 Jun 2019 11:42 AM PDT So I just turned 19 and got $1200 for my birthday. I don't have much real estate experience but I wanted to start investing into properties. How much more money would I need to save up in order to invest? Maybe $10k? My dad would be willing to invest with me too so I have that going too. I like the idea of buying apartments or town homes and renting them out but not sure exactly what steps to take. Any advice ? [link] [comments]  |
| Subjective Opinions: What are Reasonable Inspection Issues? Posted: 30 Jun 2019 01:44 PM PDT We're the buyers and have been seriously looking for a house for about four months in a hot market. Hot as in, a desirable house will have multiple offers by the first or second day on the market. The house we offered on was listed on a Friday, we offered on Saturday (multiple offers), and was accepted the next day (Sunday). The sellers are relocating, and having gone through that before, we figured having flexibility on closing would be huge. We offered $5k below list, no contingency, no request of closing costs, and closing on the seller's timeline. It was accepted, mainly due to the closing flexibility. We had our inspection a few days ago and after reading through, we had a few minor electrical issues (missing grounds, exposed grounds, loose wires at panel, non-functional outlets) and a few minor plumbing issues (loose toilet in particular), along with some other stuff I would consider "no big deal" but would have to be fixed sooner than later. Since we have been looking for a while, and this house checked every box, I was leaning toward calling it even and completing the inspection with no requests. After speaking with our agent, my wife ended up getting some estimates and in the end, to end an argument, we requested closing credit of $2500 to have the issues fixed after closing. So the question being: what would you consider reasonable in this scenario? Are we justified with asking for closing credit to fix those minor issues or is it being petty to ask for a small amount to fix minor issues on a 40 year old house? My biggest concern being we lose the house over little stuff since they had multiple offers initially. Or am I the one being crazy thinking we shouldn't ask for credit to cover repairs? Very much appreciated on the comments and advice! [link] [comments]  |
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