Redfin to display Realtor commissions on Redfin listings Real Estate |
- Redfin to display Realtor commissions on Redfin listings
- Agency asking for $2000 upfront to market my $2M property
- Got my first home inspection...wow
- Landlord "not receiving wire transfers"
- My first bad tenant - how to hammer them?
- Third offer fell through tonight
- Unable to Find Sub Rules/FAQs
- Can we deal with a seller that is under contract with a realtor?
- Smoke detectors during home inspection
- Want to build a home in 3-4 yrs; how should we prepare?
- Closed on a house last month, I hate it, what should I do?
- Renting a Duplex you live in
- My mom is house hunting and is not considering house with oil heating. she only wants gas heating. Is oil heating so bad? (New York City)
- Taking over an established real estate business
- Is this a good deal?
- Was beaten out from a for sale by owner situation
- Offerfor A foreclosure
- Writing an offer
- What can I use my 'closing credit' towards?
- Real estate agent for new build
- How to get profit off a house in a near empty village
- Choosing Brokerage name
- Curtains/rods come with the house with TREC Contract sales in Texas?
- Any home warranty success stories? We always hear horror stories.
| Redfin to display Realtor commissions on Redfin listings Posted: 30 Aug 2019 04:34 PM PDT
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| Agency asking for $2000 upfront to market my $2M property Posted: 31 Aug 2019 01:20 AM PDT I'm putting our Tuscany family villa on the market. The agency I would like to work with (the Italian affiliate of Christie's) requested me to pay $2000 marketing fees before they take the property onboard. Then they'll charge me 5% commission when they sell. They don't want to be our exclusive agency. They claim the marketing fees will be used to publish my listing on major portals and for a photo shoot. Is this regular practice? If so, I won't mind paying their marketing fee. [link] [comments]  |
| Got my first home inspection...wow Posted: 30 Aug 2019 07:02 AM PDT So, after finding a home in a quiet part of a larger city, I ordered a home inspection. I thought there would be some work involved, but holy moly. I'm glad I got the contingency in the offer about renegotiation after a home inspection, because this is what we found: Roof needs replaced. Flute for chimney is rough Electric wiring on roof is not good (there's a gap) Porch flap was improperly installed Front porch railing is rusted Stone lintels by house are cracked need to be repaired by Mason Some seepage by foundation, noted as not major Air conditioner 1977....works, it's old Peeling paint in small area Electrical is limited to 60amps. Means exterior electrical needs to be updated or insurance may not help. Small wood rot in some window areas Back garage outlet has no power going to it. Gutters should be extended and not attached properly Siding damage Garage openers are old and have no safety sensors Rear swing door in garage is damaged and won't close Vent in garage and other common walls have to be filled.This breaches fire rating. Left side garage door has crack/dent tile in mudroom can obtain asbestos. There's also asbestos insulation All 2 prong outlets have to be switched. They're safety hazards. Most are 2 prongs. Heater in mudroom is not working and ancient. Most windows are painted shut. Vermiculite insulation in attic.May contain asbestos. MOLD IN ATTIC. Exhaust vent for stove doesn't work. Electric plugs near sink are improperly installed. Damaged electric pron bedroom. Both closet doors for bedrooms are jamming Bathroom outlets not JFCI protected. Micro growth of mold in basement, including new bathroom. Water boiler has sentiment buildup. Needs to be replaced and is leaking. Sub pump not working. Ancient. Signs of seepage in basement corner. Galvanized piping is getting old. Water piping in some parts is non-industry standard. This feels like an overwhelming amount of issues. I don't think I could justify any counteroffer the seller makes. Might just have to try my luck elsewhere. Thoughts? [link] [comments]  |
| Landlord "not receiving wire transfers" Posted: 31 Aug 2019 12:45 AM PDT Location: Texas So this is my first experience renting a place and its gone wrong. So to start at the beginning I am currently renting a 2br condo with 2 roomates for $1250 a month. We had a $1250 security deposit that we paid by cashiers check to HIS realtor and I paid first months rent out of my personal bank account via wire transfer. I was going to make a new bank account just for rent but I got lazy and just let my roommates venmo the money to me and I paid from my account. I would wire transfer the money to his Account and Routing number the 1st of every month. It's now 7 months later and the landlord emailed me explaining that he wasn't receiving the rent and hasn't since the first transfer. This is the first time he's contacted me about this. I went through my bank account and found the transactions and screencapped them and emailed them to him as proof on my part. Here's the things I have done to make sure rent for this current month got to him: 1) made a new bank account, and asked him to try to request the money out of my account. Didn't work 2) went to his bank to see if I could deposit the money directly to his account using my debit card. They wouldn't allow me to do that, said i could only do that if I used cash 3) proceeded to pull $500 out per day (withdrawal limit) until I got the correct amount and deposited the money into his account. That finally worked. Whilst doing this, I was communicating with him the entire way, telling him what I was doing and how it went. I made sure to explain to him that I'm going to deposit one months rent so that we can make sure that it works before we proceed. Now he's demanding that I pay him the rent that's missing, in cash, by a certain time or he "wants me out of his unit or he will take legal action." I've called my bank trying to see where the money went, but with Chase being Chase, they only could tell me that the transactions went through to the bank account provided. I honestly don't know what to do, I feel i'm up against a wall with no choices. I would have no problem giving him the amount I "owe" until we figure out what is going on but I don't have that much laying around and I have a backup plan if we do get kicked out but an eviction on a 19 year old's record is not the greatest thing to have. Any advice or help? p.s. sorry if this isn't the correct formatting or place to even post this, I'm just trying to get help and advice on what to do, just let me know how I clarify things and I will do my best! [link] [comments]  |
| My first bad tenant - how to hammer them? Posted: 30 Aug 2019 12:47 PM PDT Location - Indiana We inherited a tenant at a newly purchased double and they sort of sucked. Long story short, we didn't renew their lease (ends Aug 31st), and when I went to let exterminators in today (after alerting them of course), it turns out they clogged the upstairs sink and left the water on and flooded the bathroom down into the kitchen below, and probably into the basement below that, but I wasn't really in the mood to investigate further. So, besides small claims court, what are some ways to hammer them? Can we report to credit agency, or what else? We were going to let them go on general dirtiness and the last month unpaid rent, but now I don't feel like we can. Thanks in advance. [link] [comments]  |
| Third offer fell through tonight Posted: 30 Aug 2019 07:35 PM PDT I can scarcely believe this has happened AGAIN. We got our first offer in about 12 days. They pulled out 15 minutes into their inspection because of a "huge subsidence of the property". Hubby, who has spent his career in construction, quickly determined that our house is not in fact sinking into the earth. Whew. No offer for another 6 weeks. Finally one came in...they took ten days to get things sorted. Hours before the deadline they asked for a week extension to get a furnace guy in, an asbestos test done and a mud jacking person to look at the settled garage. We declined but were willing to take 10K off the price. They walked away. We had a back up offer. Whew. They took a week and today, 4 hours before the deadline, their financing fell through - after a verbal confirmation from the bank!!!! That has got to be some kind of record for failed offers, no?! ARGH!!! [link] [comments]  |
| Posted: 30 Aug 2019 09:44 PM PDT Hi, I am, as the title says, unable to find the sub rules or FAQs. I'm currently reading through old posts in this sub, attempting to compile a checklist of what to look for in a potential realtor. I did come across one post from November, 2017, which stated that the OP should check the FAQs, but I'm not seeing the FAQs, or any content, in the right-hand-side toolbar. On the posting screen for this post, however, I see a note above my post stating, "This community has a medium post removal rate, please read the community rules." I'm not seeing the rules, either. Has this content been removed, or am I just looking in the wrong place for it? Any direction would be greatly appreciated. Thank you! [link] [comments]  |
| Can we deal with a seller that is under contract with a realtor? Posted: 30 Aug 2019 08:13 PM PDT We have watched a house we like on the market go from $385k to $350 to now at $319k. But the taxes are very high at $12k a year, ie $1,000 a month in taxes. Anyway, my mother in law knows the seller, a bosses boss etc. So after I had seen the house in a viewing she emailed her and the woman replied in a friendly way. "Tell them to make an offer" was all she said relating to the house. I am under the impression that the taxes have scared away all offers and since it has been on the market since last November and her taxes are high (and retiring soon) we think she is more likely to make a deal. I am not under contract, and we haven't made an offer, my realtor is coming to see my house next week. But we know that the seller has the biggest guy in town. He's a nasty fucker but probably the most successful so who knows. What is the penalty or risk in asking her to deal on the outside? I would assume since she has a selling realtor she can't easily do that. Am I correct? [link] [comments]  |
| Smoke detectors during home inspection Posted: 30 Aug 2019 08:03 PM PDT We had our home inspection today (I'll probably post more when we get report). I just thought about it though and the inspector didn't mention or look at smoke detectors. I wasn't thinking about that either so I'm not even sure there are smoke detectors in the bedrooms. What should I think about an inspection that didn't cover smoke detectors? [link] [comments]  |
| Want to build a home in 3-4 yrs; how should we prepare? Posted: 30 Aug 2019 10:33 PM PDT I want to begin building a custom home in the next 3-4 years. Other than continuing to save for a large downpayment, what else should we be doing? We have already chosen an area we like. There are a few empty lots and many old homes that would be good teardowns. I've identified a few well-regarded builders and architect firms as well. How long does a complete new build/design/permitting normally take? Should we start the process 1-2 years ahead of our planned completion time? Nothing crazy design-wise, simple layout, very efficient, not quite passive house but close. [link] [comments]  |
| Closed on a house last month, I hate it, what should I do? Posted: 30 Aug 2019 08:39 PM PDT So, I ended up moving into a new house. When we saw the house and during the inspection, I didn't notice how much road noise there was. I've been here about a month and that's all I hear, the damn cars zipping by. I thought about getting new windows for the back of the house to reduce the noise, but I'm not sure if it's worth it since I still wouldn't love it and will eventually move. On the plus side, I sold my old house after closing on the new one, so I now have like 100k in saving that I was gonna use to recast the loan on my mortgage. However, now I'm not sure if I should do that, maybe I should bite the bullet and move again, cause I don't think I'll ever get over the road noise. Anyone ever been in a similar situation? What are my options? [link] [comments]  |
| Posted: 30 Aug 2019 08:19 PM PDT I am thinking about buying a duplex home as a primary residence. While renting out the other unit. Just curious about what people experience was with living next to your tenant. [link] [comments]  |
| Posted: 30 Aug 2019 07:49 PM PDT She told me that it's because the oil heating always has to be on or something (in the winter, im assuming) [link] [comments]  |
| Taking over an established real estate business Posted: 30 Aug 2019 07:23 PM PDT I live in a very high cost of living area and enjoy going to open houses regularly. I've always taken an interest to real estate but have no experience in it, yet, other than owning a home if that counts. Well this past weekend, I met an agent who is a bit older and looking to transfer his business to a younger person. We had a sit down meeting a couple days after initially meeting where he spoke more of his vision. We're both taking a week to reflect before our next meeting. Anyway, anyone have thoughts on a transfer of real estate business? Good idea? Run the heck away? This is less about his success as an agent or my ability to be successful. I'm trying to get people's thoughts on taking over someone else's business. It would be over the course of years and he would train me while shifting leadership to me. During his good years he did 50-100 million worth of sales. Bad years was less. Average sale price is in the multi millions. [link] [comments]  |
| Posted: 30 Aug 2019 02:38 PM PDT 3 units (duplex and a garage apartment). Top duplex unit needs probably around $8000-$12000 worth of work. Other two units are in good condition. Bottom of duplex is rented out for $550 a month. Garage could probably rent for $450. Top unit once remodeled would probably get $600. Asking price is $60,000 and they rejected my offer of $52,500. Would you offer something closer to the asking price? In a decent neighborhood. Thanks in advance. [link] [comments]  |
| Was beaten out from a for sale by owner situation Posted: 30 Aug 2019 05:10 PM PDT I put an offer in on a townhome for 215k (without a realtor). The owner accepted and we started writing up a contract, she strung us along for 3 days and postponed signing our offer and then said she accepted an all cash offer instead. She was also difficult with the closing date and I think that could have been a factor in it. About a month later the place goes off Zillow and the sale price was 214k. Why would someone accept less money just because it was all cash? Why would that make any difference to them? [link] [comments]  |
| Posted: 30 Aug 2019 03:53 PM PDT I am interested in putting in an offer on a foreclosure property but I am not 100% sure on the proper way to come up with an offer number. The house was foreclosed on for approximately 220 K, it was gutted to the studs and had new insulation, sheet rock, carpet and tile. It also had a simple renovation done to the one bathroom it has, an a very basic kitchen renovation with the only upgrades being granite countertop. I can tell it is going to need all exterior side wall and trim because it appears they did not do anything for the exterior. Additionally it's going to need a new slider and the sill is completely rotted out so that will need to be replaced also. I am sure there are some other minor issues but even minor issues cost money. In addition, I would like to ask the bank to cover closing costs. I don't want to go to low but at the same time I do not want to put into an offer and buy house that will then be somewhat upside down. TL;DR How do I price a foreclosure offer? [link] [comments]  |
| Posted: 30 Aug 2019 03:40 PM PDT What is the proper way to word an offerThat includes an FHA contingency and home inspection contingency? [link] [comments]  |
| What can I use my 'closing credit' towards? Posted: 30 Aug 2019 03:18 PM PDT I'm buying a house and it's new construction. The builders were very unwilling to bargain on the list price of the home, but were willing to give me plenty of money towards closing. Right now, I have a $10k credit towards closing and my estimated closing costs are $9,500. I'd be leaving 500$ on the table and it's possible it could be $1k. Buying my rate down from 3.6% to 3.5% costs about $2500 with my lender. It appears that it'd take seven years for this to be break-even. Given that it'd avoid me leaving 500-1000$ on the table, it could be closer to 4-6 years to break even. That seems fine; I do intend to live in this house longer than that (but I'm single and my life could change). So I'm considering this option but it's unclear if it's the right thing for me; 2k$ is a lot to spend at this exact moment. The language on my contract is that the credit can apply to "prepaids, loan discount, loan fee, interest buy down, financing, closing or other costs allowed by the lender." I tried asking the lender if I could prepay some more stuff but it didn't sound like that was possible. I'm wondering if there's anything I can tack on that might be useful to me that would increase the cost of closing but not more than 500-1000$. [link] [comments]  |
| Real estate agent for new build Posted: 30 Aug 2019 02:18 PM PDT I posted a couple days ago about looking at a new build. My fiancé was on the fence about it, because it would be an hour commute both ways (for both of us). So we just wanted to look at the options and see if we liked it. We walked through with someone who works for the builder, but we didn't sign anything or hand over any money. I have a realtor I worked with in the past, he sold my last house. I really liked him, and I trust him but since we weren't sure about proceeding I didn't contact him. We wanted to see if we could get approved for the amount the house we liked is at. And that is being sorted out right now, just waiting to hear back from our lender. What I'm wondering is, should I contact my realtor now? Or wait until we are approved for the loan. We are for sure going to buy a house before The end of March, but our lease isn't up until April. So we don't want to start seriously looking till about January so we don't need to break our lease. The only reason we would buy this house now, is that the builders also own our apartment complex and would let us out of our lease earlier. Also a portion of our rent goes to buying one of their houses (this isn't an extra cost, just an incentive to buy). So we already have money going towards it. So if I do go forward with this house should I involve my realtor? Do you need one on a new build? And would they pay him or me? Sorry if I sound naive I am a little. My last house was an older home and I was young (23)and even more naive at that time. So this is a little bit like the first time again. [link] [comments]  |
| How to get profit off a house in a near empty village Posted: 30 Aug 2019 02:11 PM PDT I'm about to inherit two properties in a village with nearly no population. These houses have a garden, which can be rented, but I wanted to know if any earnings can be made with the houses themselves. [link] [comments]  |
| Posted: 30 Aug 2019 01:49 PM PDT I want to change my brokerage name. What to you think about Stone Tree Real Estate? Any better ideas are welcome too. [link] [comments]  |
| Curtains/rods come with the house with TREC Contract sales in Texas? Posted: 30 Aug 2019 01:19 PM PDT Purchased a house in Texas. Everything went smoothly but I noticed upon closing the seller took most of the curtains and rods, leaving the brackets. This it the language from the TREC Contract: "2.PROPERTY: The land, improvements and accessories are collectively referred to as the "Property".... B. IMPROVEMENTS: The house, garage and all other fixtures and improvements attached to the above-described real property, including without limitation, the following permanently installed and built-in items, if any: all equipment and appliances, valances, screens, shutters, awnings, wall-to-wall carpeting, mirrors, ceiling fans, attic fans, mail boxes, television antennas, mounts and brackets for televisions and speakers, heating and air-conditioning units, security and fire detection equipment, wiring, plumbing and lighting fixtures, chandeliers, water softener system, kitchen equipment, garage door openers, cleaning equipment, shrubbery, landscaping, outdoor cooking equipment, and all other property owned by Seller and attached to the above described real property. C. ACCESSORIES: The following described related accessories, if any: window air conditioning units, stove, fireplace screens, curtains and rods, blinds, window shades, draperies and rods, door keys, mailbox keys, above ground pool, swimming pool equipment and maintenance accessories, artificial fireplace logs, and controls for: (i) garage doors, (ii) entry gates, and (iii) other improvements and accessories." I sent a friendly email to the seller's realtor and she replied oddly by quoting a reddit comment (I found this later when searching online lol) that unless stated specifically that curtains and rods are included, in the commenter's state only fixtures aka permanently installed would be included in the sale. The curtains and rods removed could be removed by removing the rod and sliding out the curtain-not permanently affixed. I responded that in the TREC Contract the curtains and rods ARE specifically included, and the Accessories section has no language about those items being permanently installed and built-in. I wouldn't consider artificial fireplace logs or garage door opens permanently installed. I saw how in other states curtains and rods are included under the fixtures section, but not in Texas. Furthermore, the Texas Realtors One to Four Resale Problems Document specifically states that accessories do not need to be permanently attached. Realtor replied that she proceeded "logically" and all realtors in Texas operate this way, and she apologized but refused any recourse. My question for Reddit is to inquire if I am correct in my interpretation and if I could proceed by addressing this in small claims court. [link] [comments]  |
| Any home warranty success stories? We always hear horror stories. Posted: 30 Aug 2019 12:24 PM PDT I have a quadplex that I bought about 1 month into ownership one of the hvac craps out in one of the units. About to make a claim wish me luck. Just trying to see if there are any success stories. [link] [comments]  |
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