Previous owner made an "agreement" with neighbor about property line, need advice Real Estate |
- Previous owner made an "agreement" with neighbor about property line, need advice
- Agent in a sticky situation.
- Can I credit a home warranty credit from the seller towards closing costs?
- Corporate Real Estate (CRE) certification — worthwhile?
- (UT) Second appraisal came in at $55k lower than first.
- Is it ethical to take EMD?
- If I am licensed in Florida, can I act as a referral agent for rentals in New York City?
- Thought I’d post this here and see if anyone has dealt with this before. Lender demanding I take a home buyer’s course 2 months AFTER closing so they can sell my loan to an investor.
- I can’t act as a referral agent in New York because Florida, where I hold licensure, isn’t a ‘reciprocal state’. What are the options other than getting licensed in NY?
- [CA] Is there a document that says I own my house?
- Commercial land
- Mortgage Refinance Timing
- Buyer protection in post possession situation
- A listing has me so confused
- Buying a condo without an agent? Washington state
- [CA] "optional" owners title insurance became non-optional late in closing
- [Colorado] Experience DIY Property management through Cozy.co?
- Parents Buying New House With Low Credit- How Bad Are These Closing Costs?
- Did Zillow just change their search function entirely?
- Can you get a real estate license online?
- Offering 5% less than the asking price
- Leaky roof not disclosed: Any recourse?
- (NYC) Divorcing while buying apartment - need advice
- (Delaware) How to fill out a quit claim deed
| Previous owner made an "agreement" with neighbor about property line, need advice Posted: 05 Aug 2019 11:24 AM PDT Just closed on our first house a week ago and not long before closing we met the next door neighbor, a woman who has lived in the house for 45 years. Among the million items she told us about the many previous people who lived in our house, she talked about the fence between our properties. There is a slight jag in the straight fence line around a tree and a bush. She said in the early 90s she and the people who lived here made an agreement that she could have the lilac bush on her side of the fence and they could have the hazelnut tree on their side. Really the property line is directly down the middle of both of these (roughly, little more on our side than hers). Here is a beautiful paint representation, where red is the property line, blue is the fence, and green are the two trees. Our realtor seemed concerned and gave us two suggestions for real estate attorneys, but we aren't really sure what we should be looking to accomplish. Do we just want the agreement in writing so we don't "lose" our bit of property? We assume this isn't something we should just let go and should deal with it sooner rather than later, but we don't really know what there is to do. Any advice? [link] [comments]  |
| Posted: 05 Aug 2019 11:00 PM PDT I'm the agent in question, and I am thinking of taking this listing for a couple who I've known for over a decade, and am friendly with socially. Once upon a time, they told me about how their basement flooded. So you can see where this is going... I am concerned because this was not listed on the disclosures. My broker just kind of doesn't care, but they did tell me about it. Everything inside looks fine, we've had mold tests, and the leak was because their irrigation system failed during our cold winters, and flooded the basement. So it is not necessarily a material defect, as all the materials were replaced. I've never run into such a grey-area situation. WWYD? [link] [comments]  |
| Can I credit a home warranty credit from the seller towards closing costs? Posted: 06 Aug 2019 12:22 AM PDT I have a $400 home warranty credit. Can I have that credited towards my closing costs? And if not, any particular recommendations for a home warranty around that price ($400)? [link] [comments]  |
| Corporate Real Estate (CRE) certification — worthwhile? Posted: 05 Aug 2019 10:09 PM PDT Hi all! Have never browsed this subreddit before but searching for some information on behalf of my husband. He's one semester out from completing his finance degree, but is currently working as a facilities administrator for a restaurant group in a rapidly-growing Southwest city. His university is offering a CRE certification course through CoreNet Global for $30. It's hosted from August through April, about one class a month, and roughly 12 hours total time commitment. Wondering if: * this is worthwhile * CoreNet Global is reputable * this will make a difference on his resume * the information (facilities management, econ. dev and site selection, portfolio strat. and optimization, sustainability, PM) will prove useful if he stays in his field I can try to provide any other details. He knows I'm posting this and also knows I'm a skeptic. Looking out for best interests here, promise. Appreciate any information you all can provide! Thanks so much! [link] [comments]  |
| (UT) Second appraisal came in at $55k lower than first. Posted: 05 Aug 2019 10:09 AM PDT I don't know who to trust. Our agent is representing both the seller and us, the buyers. The house was not on the market, the seller wanted $489k, our agent said he thinks the market can hold that. One of the lenders (Lender A) we've been working with was the agents recommendation, the other lender is not (Lender B). Lender A's appraisal came in at exactly $489k which sent up a red flag for me. Lender B came back at $434. We're going to have a call with Lender B today in which they will go over both appraisals with us. Is there any scenario in which this is simply a difference of opinion on value? Lender B is a credit union, are they typically conservative in their lending practices? Is there any scenario in which our agent and his recommended lender are NOT trying to screw us over? Talk me down from the ledge if its possible. [link] [comments]  |
| Posted: 05 Aug 2019 06:16 AM PDT I am the owner of a home and we have it listed through our agent. We gave the buyer 10 days to do an inspection. They waited until the 10th day to schedule the inspection. They wanted to get a quote on the windows as they are old and wanted an extension of the inspection period. We said no. Now it is the 11th day and they want to back out. Giving us the rights to their EMD. Is it ethical for us to take their money considering our time was wasted and other deals potentially fell through for lack of planning on the buyers end? Would like to hear your thoughts. Thanks! [link] [comments]  |
| If I am licensed in Florida, can I act as a referral agent for rentals in New York City? Posted: 05 Aug 2019 04:55 PM PDT Let's say I have my license in Florida (or in any state other than New York) and I have a few clients who are renting in NYC for the summer. In this scenario, can I act as the referral agent and charge a fee simply because I have a license, albeit in other state— or do I need to be licensed in New York in order to act as a referral agent for any transaction in the state? [link] [comments]  |
| Posted: 05 Aug 2019 04:42 PM PDT |
| Posted: 05 Aug 2019 09:48 PM PDT I've made a dozen high value referrals in the last 4 months— for free. I am passing up on a lot of business simply by being unable to act as a referral agent. Is getting licensed in NY the only way for me to cash in? Thank you. [link] [comments]  |
| [CA] Is there a document that says I own my house? Posted: 05 Aug 2019 01:48 PM PDT Hi there, I recently paid off the mortgage on my home in CA and the lender had the lien release letter from the county (I'm still waiting on my copy from the county). The letter "just" seems to say that the obligations for the loan have been fulfilled, which is good, but it doesn't say that I own the property. How do I get something that shows/says that? [link] [comments]  |
| Posted: 05 Aug 2019 09:58 AM PDT Hello, I have 10 acres on which my house sits on. They are putting a highway right almost to my tree line. There will be an exit coming which will be extremely close to my driveway. Should I go ahead and start contacting fast food chains or gas stations for the opportunity to buy it, and if so should I go ahead and get it surveyed to be zoned commercial. My neighbor is 86 and she wanted to sell but her lawyer told her to hold off and see if the state buys her out she only has 4 acres and is further away. I don't want to move but money talks [link] [comments]  |
| Posted: 05 Aug 2019 11:15 AM PDT I currently have a 4.6% mortgage. I began the process of refinancing about a month ago and got locked in at 3.8%. Obviously, no one can predict the future AND timing is everything. With the rate drop, would people advise holding off for a while? Do we think the drop is already priced in? Can we get lower than 3.8% or should I finalize and move on? [link] [comments]  |
| Buyer protection in post possession situation Posted: 05 Aug 2019 12:33 PM PDT A home we are very interested in is marked as possession 30 days after closing. We're hoping to avoid that situation altogether by requesting possession at closing in our offer. However, if that request is denied, how do we, as buyers, protect ourselves? I'm talking exact wording to put in the contract and things of that nature. Using rental agreements, withholding escrow, stuff like that. It seems people in this area are entirely too trusting ("Oh, I don't think that's necessary"), and I'd like to be prepared to know what to tell our agent if she goes that route. [link] [comments]  |
| Posted: 05 Aug 2019 04:18 PM PDT Looking to get some thoughts on a real estate listing I came across for a house in Las Vegas. The text reads, "$20,000 Solar system included with full price offer! The highest value home available in the neighborhood. Lower your monthly cost of living without paying extra for a solar system. " The listing shows a picture of the house with the solar panels attached to the roof. Is it normal for someone to sell their house and take the solar panels?? My other question is - wouldn't it be a bad thing to be the "highest value home available in the neighborhood"? I am thinking if that was my house, then a house of much lesser value in the neighborhood could drive down the value of my home. Thoughts? [link] [comments]  |
| Buying a condo without an agent? Washington state Posted: 05 Aug 2019 12:32 PM PDT I'm going to try and make this short. I am looking at buying a condo from a couple that I know through a friend. I'm not attached to any real estate agent nor do I want to be. Complex was built in 2007. It is in both of our interests for this to move fast and neither of us wants to deal with a real estate agent and pay the commissions. From my brief run down, I need to get pre-approval (have that), sign a buyers agreement, and then go through a title company to have them draft the documents and work with the bank to finalize the mortgage? How is the inspection handled? What do I need to know or what am I missing here? Thanks in advance for any assistance. [link] [comments]  |
| [CA] "optional" owners title insurance became non-optional late in closing Posted: 05 Aug 2019 08:01 PM PDT I am buying a property in California, and the sellers designated a title/escrow company to be used in the purchase agreement. That title/escrow company in its breakdown of closing costs listed "owners title insurance -- optional". Getting close to signing the closing paperwork, I told the title/escrow officer that I wanted to waive the owners title insurance and save myself some sweet money. She first asked me why and tried to convince me not to waive it. When I persevered, she then said it is not optional and her company won't close without owners title insurance, even if others will. I pointed out that their own paperwork said it is optional, so this officer then sent me new paperwork and helpfully pointed out that she had removed the term "optional". I'm not looking to hear anecdotal and secondhand horror stories of why owners title insurance is a good or worthwhile purchase. I am wondering, though, if this is improper behavior by the escrow officer or company? [link] [comments]  |
| [Colorado] Experience DIY Property management through Cozy.co? Posted: 05 Aug 2019 01:07 PM PDT Does anyone have experience doing their own property management through cozy.co for long-term tenants? Considering renting out, but lack experience. Have you guys even heard of the service, and what good/bad experiences have you all had? [link] [comments]  |
| Parents Buying New House With Low Credit- How Bad Are These Closing Costs? Posted: 05 Aug 2019 06:59 PM PDT Hi All! I've been snooping around this forum and hoping you all could assist me with this matter: My parents are buying a new home. While my father's finances are good, his credit is not great. He's getting a loan that not many others were not willing to originate for him. However, we both feel some of the costs are almost unconscionable. I've provided the closing costs below and would greatly appreciate your input on what we can negotiate: State: New York | Loan Amount: $418,000 | Purchase Price: $600,000 A. Origination Charges- $10,252 Application Fees $495 Commitment Fee $895 Origination Fee $8,367 Processing Fees $495 B. Services You Cannot Shop For- $2,499 Appraisal Fee $650 Appraisal Re-Inspection (if applicable) $175 Attorney Title Review Fee $189 Credit Report $150 Flood Certification $15 Tax Service $70 Title - Settlement Fee $1,250 C. Services You Can Shop For- $5,278 Survey (If Applicable) $650 Title - Courier/Shipping $75 Title - Endorsements $150 Title - Lender's Title Insurance $2,388 Title - NOS $50 Title - Notary Fees $25 Title - Title Exam $100 Title - Title Search $550 Title - Owner's Title Insurance (optional) $1,290 [link] [comments]  |
| Did Zillow just change their search function entirely? Posted: 05 Aug 2019 06:54 PM PDT I use Zillow to search by town. What I've always seen when I search is a map that shows the town border, and it only displays listings that are within that. Well, suddenly those town searches are bringing up a map that has the town roughly in the center, but the map is zoomed out and it shows ALL properties anywhere nearby, including multiple towns over. Has anyone else experienced this? I've tried multiple different browsers and they're all doing the same thing. Is there a way I can get it back to just showing me the area I requested, and everything around it? update: it only appears to be happening for *some* towns - and they're the same towns I've been searching for years. Different towns within the same county are even working fine still. There's definitely something wrong with their info now. [link] [comments]  |
| Can you get a real estate license online? Posted: 05 Aug 2019 06:27 PM PDT |
| Offering 5% less than the asking price Posted: 05 Aug 2019 02:25 PM PDT Hi, we live on LI close to Stony Brook Univ, the houses in the area sell within 4-5 months. We found a home not walking distance from the univ in an area that is good, but not as "red hot" We offered 5% less than the asking price for the house. Does that seem too low? Our RE agent seems kinda dumb, because she does not seem to put too much effort into our home search. When we told her our price, her reply was " well the seller is considering other offers until Wed", instead of commenting on our offer which was based on the recently sold homes in the area. She did not even give us that info. So, is 5% less, insulting to the seller? Should we dump this RE agent? We find homes and so far she has done nothing for us. We are not trying to be jerks, this is a seller's market, but 90% of the homes in the surrounding area of the home which we bid on sold or are valued 50K less. Thanks so much for all your replies! [link] [comments]  |
| Leaky roof not disclosed: Any recourse? Posted: 05 Aug 2019 05:45 PM PDT We closed on our first home on June 14. Home inspection did not turn up anything we were not expecting. The sellers disclosure mentioned a wet basement, no other issues. Two weeks ago we had a horrible storm pass through. My husband went to check the large attic space and four smaller crawl spaces. In one of the smaller spaces, he found a large area that is rotted away. This area has clearly been having issues for awhile, because the interior wood is so rotted we can see the underside of the roof shingles. This was not disclosed on the sellers report (but I have a hard time believing they didn't know, due to the extent of the damage) and was undiscovered by our home inspector. Do we have any recourse on getting this leaky area fixed? Or are we totally out of luck? We are in Wisconsin if that makes a difference. ETA: we do know now they incorrectly listed the roofing material on MLS [link] [comments]  |
| (NYC) Divorcing while buying apartment - need advice Posted: 05 Aug 2019 05:34 PM PDT How can I get out of this purchase without losing our contract deposit? My only option seems to be tanking the board interview, which I'm not keen on. We are in contract to purchase a co-op and submitted the board package. The next step would be the board interview, followed by closing. In the months since we started the process and put in the offer, our marriage has deteriorated, possibly to the point of no return (we've been through therapy previously and my wife has no desire to go back). If we were to divorce, neither of us would want the apartment and I couldn't afford it while also paying child support. It being a strict co-op, there is no option to rent it out. Our mortgage has been committed and it would take some significant financial "missteps" to put the loan in jeopardy. And I would guess that if I was negligent financially the seller could have some recourse since it would be my actions that led to the mortgage falling through and they'd get to keep the deposit. [link] [comments]  |
| (Delaware) How to fill out a quit claim deed Posted: 05 Aug 2019 06:50 AM PDT My fiance was married before and bought a house with her ex husband. When they got a divorce, they had a letter notarized stating that the house was to be refinanced under her name and he took all he wanted out of the house and he relinquishes all rights to her. Long story short, his name is still on the deed because they never got a lawyer to handle their divorce so some things were left undone. I picked up a quitclaim deed for her and him to sign. But it is asking for information on there that we don't know how to answer. The quitclaim deed has a line asking for: Consideration: $ - If it was from a divorce and she isn't buying it off of him, then does she just put $0 on that line. Property Transfer Tax: Again, if this was through a divorce, would she even need to compute the property transfer tax? Technically, no transactions were made. [link] [comments]  |
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