Buying new home. Negotiation? Real Estate |
- Buying new home. Negotiation?
- A friendly reminder that you need to start working the phone to get your inspection(s) lined up as soon as you're under contract
- A Gift For The Seller
- Will a high DTI ratio disqualify me?
- Advice for older home buyers
- Selling my home, did I say too much? CA
- How much bargaining room do I have with Assessed value vs market value
- Refinancing with a small broker
- Real estate investing groups
- AC solutions, roof mounted furnace vs minisplits for property value.
- How do I stop aggressive realtors trying to buy my house?
- Need advice with fathers property
- Want to purchase home in Houston. Need advice regarding flooded homes
- How to find real estate developers for a multi million dollar project?
- Failed salesperson license by 1%
- Purchasing Commercial Property - Didn't Get Agent
- Why does my realtor want me to sign this document about arbitration?
- I'm considering buying a vacation property that is for sale by owner. I have bought and sold 3 primary residence homes, but always with an agent. How should I proceed?
- Door knocking
- Easement to Graveyard Discovered
- Refinancing: Use a Bank's loan officer or Mortgage broker
- Do these closing costs look ok?
- Changing our interest rate
- Lead paint
| Posted: 28 Aug 2019 09:06 PM PDT My wife and I are in the market for a new home. We are buying it directly from a builder. Since it's our first time buying from a builder, we are not quite familiar with the process.
Thanks. Edit: I understand that many people are suggesting that we get our own agent. It's too late for that now. We already walked into a home w/o our own agent. So are we pretty much screwed? [link] [comments]  |
| Posted: 28 Aug 2019 07:40 AM PDT The clock is ticking. Don't wait until your lunch break to leave a message for that highly recommended inspector, since he might call you back and tell you he just had knee surgery. The next guy you call might not return your calls, or be booked out. Meanwhile your realtor is emailing you asking "wHeN's YOur InSpEcTioN?" Learn from my experience. Have numbers for at least 3 inspectors you feel good about which you can start calling immediately. As you wait for them to call you back, scope out other possible inspectors too. [link] [comments]  |
| Posted: 29 Aug 2019 03:53 AM PDT My husband and I went to an estate sale months ago and fell in love with the home. A couple built the home and passed away and their daughter is taking care of the estate. We are nearing closing on the home and she has been great to work with. We would like to get her a small gift as we know how hard it is to clean out your parents belongings and sell the home they built together. We'd like to have it be a real item, a keepsake rather than a gift card. Any ideas? [link] [comments]  |
| Will a high DTI ratio disqualify me? Posted: 28 Aug 2019 08:16 PM PDT I am applying for a conventional loan with a small local bank as I apply the BRRRR method, and refinance 6 months later (this bank does this). I checked my DTI ratio and I make $6000 pre tax per month, and my liabilities (current mortgage and car payment) are about $2650. 2650/6000 is about 44%. Is this too high or disqualifying / am I calculating this right? [link] [comments]  |
| Posted: 28 Aug 2019 07:07 PM PDT Sorry if this is not the place for this.....I need to give good advice to my parents! My parents are both in their 80's and are suddenly facing the fact that they cannot stay in their house forever. There are steep stairs up to their bedroom and down to the basement laundry as well. They are well off (retired teachers both) and have over $1.5M saved and no debt and own their home. A week ago out of the blue they told me they are seriously considering moving across the street to a larger house where the bedroom is on the first floor. They have already arranged the money (selling some equities) and are asking me for advice. I don't know what to tell them! I guess they need a buyer's agent right? Should that agent also help them sell their own home? They live in a small town with low property values and like their neighborhood. Their current home on zillow is valued at about 100K and the new house will be around $170K. This has all come up rather suddenly! I think I should support the and of course help them in any way--I live about 4 hours away and have a busy work and home life but of course I will do whatever I can! I told them I thought they should definitely hire someone to pack their stuff (they have a ton of stuff) and also get a dumpster for stuff they want to get rid of. I told them I would look into a good real estate agent for them (how do I find one?) What else should we consider? I wonder if they are moving too quickly without considering all options--they could move out near me to assisted living type places perhaps (but I know nothing about them). But they seem to really like the place across the street and from the virtual tour it looks like it could be better suited for them at this point than their current place. Help! What else should we consider? [link] [comments]  |
| Selling my home, did I say too much? CA Posted: 28 Aug 2019 11:45 PM PDT Talked to a realtor on a whim today and essentially told them all the problems with this older house, in an effort to figure out if I should spend the time and money to fix, or just list and have the buyer discover the problems, particularly as we are rapidly coming into the fall/winter season that's not optimal for selling. Problems include plumbing, electrical, sticky doors and windows, some missing base boards, rusting around the drains in the bath, a needed new bath exhaust, paint touch ups. They're not things that cause the house to be inhabitable... Just things that should be fixed and/or at least be aware of while living in the home. These were not things that were disclosed immediately buy the sellers when I purchased, and honestly only the potential electrical issue was discovered in my pre-purchase home inspection. The realtor gave me the impression that as long as there's nothing wrong with the roof (new) and no known pests (report came back clean when I purchased 3 years ago), then it should be ok to list and see what happens. Are they legally required to disclose these problems I've told them in the listing now? Or should I have kept my mouth shut and have them discover when they walk through for the first time? Alternatively, should I have gotten everything fixed before even talking to a realtor? Bonus: I should definitely check with different realtors (and not immediately tell them these problems)? [link] [comments]  |
| How much bargaining room do I have with Assessed value vs market value Posted: 28 Aug 2019 11:39 PM PDT I'm looking into buy a 12 acre parcel, nothing special about it. The current listed price is 60,000 decently high for my area of central MI. The assessed value of the property is about 10,000. From what I've read the MV is about 80% of the AV so this seems like a pretty high price hike. Now I don't expect to get anything close to the AV for the property (bc that's not how it works), but I'm still trying to get the best price for the property. What could I reasonably offer for this property? [link] [comments]  |
| Refinancing with a small broker Posted: 28 Aug 2019 10:48 PM PDT Hi, I am refinancing and got two quotes. One from a big broker that has several brokers listed on their website and the 2nd one looks like a small shop with about 5 brokers. Both have NMLS ids that I verified. My friend's got loans through this broker's LLC, but not this particular broker. Does it matter how big/small the broker's companies are? [link] [comments]  |
| Posted: 28 Aug 2019 10:03 PM PDT How does financing for real estate investing companies work? [link] [comments]  |
| AC solutions, roof mounted furnace vs minisplits for property value. Posted: 28 Aug 2019 05:56 PM PDT Got a new home, attic too small for central AC furnace, should I get minisplits installed vs putting the furnace on the roof. It's a single story home. Which would be better for property value. [link] [comments]  |
| How do I stop aggressive realtors trying to buy my house? Posted: 28 Aug 2019 01:54 PM PDT Knoxville, TN if that makes any difference. Today I came home to yet another note slid in my front door with the name and number of a real estate agent. In the past few months, I've been getting mail, phone calls, and these notes several times a week, and it seems like each one is from a different company or agent. I'm even getting postcards from a real estate firm in Nashville with pics of my house taken from Google maps. I've lived in this house about 10 years now, but I have no intention of selling at the moment. I'm irritated, and after the pictures, honestly a bit creeped out. So far I've been ignoring it, but it seems to be escalating with the notes. How do I make this stop? [link] [comments]  |
| Need advice with fathers property Posted: 28 Aug 2019 10:25 PM PDT My father is looking to retire and sell his house. It was built in 1970 and has 5 br and 3 baths on about half an acre of land. It's a 3500 sq foot house in suburban Atlanta. The issue is he hasnt really maintained it. I would say it needs new bathrooms, flooring and kitchen. It had rodents in the past but those are all gone. The surrounding neighbors are large homes with well maintained lawns. my dad has one of the biggest houses on the corner. Redfin says it is worth about $330k. Need some advice on moving forward with this. Do I think about renovating it or just selling it as a fixer upper? I live in a separate state. What is the best way to find a local agent to help sell it? Should I remove all his stuff out before I list it for sale? He has tons of old furniture and stuff collected over the years. any advice would help. thanks! [link] [comments]  |
| Want to purchase home in Houston. Need advice regarding flooded homes Posted: 28 Aug 2019 05:10 PM PDT I am planning on selling my home in Las Vegas. I have 3 potential cities to move to - Phoenix, San Antonio, or Houston. Houston seems to have a lot of great homes available, but obviously, some have been flooded. My current home is worth 175K, which is about what I am expecting to receive. I own it outright, no mortgage. My budget is about 100-110K, for a condo or townhouse, preferably townhouse, and will be paying in cash for the home. I'm 25, I have no children, roommates or SO. I plan to use the excess to pay off all my debts, relocate, go to school for a Masters degree, study for CPA exam and add finishing touches to the new home. My question is, should flooded homes be considered? I found a few beautiful townhouses that seem to have been well refinished. I inspect the pictures carefully, inside and out, to see if there is possibly any lingering water damage (found a few with water damage still visible, auto pass). I have been using the interactive flood maps as well, to see where each house falls on the map. What else should I be doing to vet out homes, determine if it has been flooded, and to know if it has been repaired correctly? For the most part, I try to avoid any homes in the 500 year flood plains, and don't even consider a home in the 100 year flood plains. I know Houston is a bit of a riskier market than others, but I'm feeling game about it. I bought my first condo in Las Vegas 5 years ago for 80K, and more than doubled my money, through upgrades and general market growth. I think the market in Houston will grow in the next several years, as the history of Harvey is put behind us. Since I have no other obligations, am young and can freely move, I'm willing to take a chance for a few years. I'd like to leave this hellhole known as Las Vegas behind. How can I pick a healthy home in Houston? What's the best way to go about it? [link] [comments]  |
| How to find real estate developers for a multi million dollar project? Posted: 28 Aug 2019 08:39 PM PDT Where do you find real estate developers for a multi million dollar project? I know some locals but I want to be able to reach these developers across the country, is there an online community where real estate whales swim? Please share with me where to look. Thanks in advance [link] [comments]  |
| Failed salesperson license by 1% Posted: 28 Aug 2019 07:35 PM PDT I used compucram.com to study and felt like the practice exams were nothing like the actual. Anyone have any good practice exam resources I can use to study so I don't repeat this mistake again. Only 1 or 2 questions short of passing :( really is sad. [link] [comments]  |
| Purchasing Commercial Property - Didn't Get Agent Posted: 28 Aug 2019 03:43 PM PDT Hi! Randomly found a commercial property online, the realtor from the office of the seller's agent showed us a few times. It's our first time in commercial real estate so he layed a lot out for us and helped us construct a buying strategy that works for us and our lawyer says is a good deal. We contacted him yesterday at which time he said he was showing the property. We decided to put in an offer yesterday around 4 pm. Paperwork wasn't sent until midnight. We sent contract questions at 7 am. Didn't hear from the agent until 2 pm. At that time, he told us forgot his phone, and gave us an 'insider tip' that someone is making a full price offer. The building has been on the market for 8 months and was deemed 'unsellable' until this point. Now he is strongly suggesting we offer full price, are we being played? [link] [comments]  |
| Why does my realtor want me to sign this document about arbitration? Posted: 28 Aug 2019 07:05 PM PDT |
| Posted: 28 Aug 2019 06:27 PM PDT Should I hire an agent or lawer and what is appropriate to pay them? [link] [comments]  |
| Posted: 28 Aug 2019 06:05 PM PDT Best practices? when door knocking your farm how often? When do you failover to mailing? Best time in your opinion? Do you go by time or quantity? [link] [comments]  |
| Easement to Graveyard Discovered Posted: 28 Aug 2019 05:50 PM PDT We are about to close on a home and during the title search it was discovered that there is an easement to a graveyard. Per the wording I was provided it is not clear if the graveyard is on the property, or even existed at all because it pre-dates the time any homes were developed on the land. There are no markers and somehow it never turned up during previous real estate transactions on the home (2 in 15 years). The appraisal was re-worked to include this, but they said on there it has no effect on the value of the property. Should I have any concerns? This is in a large neighborhood, with approximate 1/3rd to 1/2 acre lots, it's not a lot of land and there is definitely no graveyard visible on this property or any adjacent. Thanks! Edit: I should add that everything in town is essentially built on civil war battlefields and there are some small graveyards near the neighborhood and apparently one in the neighborhood about a 1/2 mile from our house according to my wife. A lot of young men died in this area sadly. [link] [comments]  |
| Refinancing: Use a Bank's loan officer or Mortgage broker Posted: 28 Aug 2019 01:32 PM PDT I am getting almost same rate and closing costs from a Bank's loan officer and a mortgage broker. Does it matter whom I choose? Both sent worksheets and are within $100 of each other. [link] [comments]  |
| Do these closing costs look ok? Posted: 28 Aug 2019 11:03 AM PDT Was just looking at the estimated closing costs and the document showing all the fees, and was wondering if the fees seem normal and if not, which would you recommend shopping or asking about. Edit: 2 Bd 2 Ba Condo in SoCal, 370k, Rate 3.65 Credit Score 750+, Conventional Loan 3% down and I'm buying out insurance. Thanks [link] [comments]  |
| Posted: 28 Aug 2019 01:05 PM PDT Hello, My wife and I called our mortgage company today and they said that they had a lower interest rate for us. Right now we have a 30y at 3.8%. The new offer is 25y at 3.3%. This isn't our forever home, and it would save us maybe $20 on our mortgage, if that. Would it be worth it to take the new APR? [link] [comments]  |
| Posted: 28 Aug 2019 04:48 PM PDT My husband and I are in the process of buying a home that was built in 1955 and had original owners. It is highly likely there is lead paint. I was wondering what the process for remediating this is and how much of a headache it's going to be. We will have young children so I want to make sure it's done properly. Home inspection is later this week and then we'll know for sure if we have lead; I just want to get perspective early. [link] [comments]  |
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