Received an offer with a very unusual clause. Is this a scam? Real Estate |
- Received an offer with a very unusual clause. Is this a scam?
- Appraiser’s, what does your work life look like?
- How real are the advertisements from agents who say they will buy your house if it doesn't sell?
- Realtor wants me to sign 15mo contract
- Form 1099-S Proceeds From Real Estate Transactions
- Best Online House Hunting Sites
- Working with a new contractor - is it okay to ask for the contract between us to stipulate an end date?
- Considering purchasing an older home (1960) requiring a lot of updates, need advice please!
- Seller's Market, should I buy or wait? Spokane, WA
- First time selling and buying with contingency
- Opinions of the Southern California market.
- Happy weekend ! Thoughts on EXP realty in nyc ? Is this a good company to join ? A family friend left Keller Williams for this and she’s been a broker for 15 years. She says it’s very good . I’m thinking about joint Nest Seekers in Manhattan . What do you guys think ?
- An extra $10k adds a den/bedroom and a full bathroom to the main floor. Is it worth it? (CA)
- How to search for specific terms in listings such as "workshop"?
- Buying my first house. Buyer's agent question
- Is this a good time to buy?
- Homie For Buying Selling
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- New home buyer and just had inspection done. How much should i negotiate afterwards if there was lot's of stuff needing fixed and bats in the attic?
- City and datapoints recommendation for first time investor (USA)
| Received an offer with a very unusual clause. Is this a scam? Posted: 28 Sep 2019 04:22 PM PDT I'm selling a property and received an offer with a very unusual no hoa clause (the house is not part of an hoa). It basically says I affirm that there is no hoa, but if the house is in fact part of an hoa and I'm lying or even if I don't know about it then I agree to pay the buyer ~1 mil (this is the selling price). Is this some kind of weird scam? Like has anyone heard of crazy payout clauses like this? [link] [comments]  |
| Appraiser’s, what does your work life look like? Posted: 28 Sep 2019 03:13 PM PDT I'm currently studying to get my appraisals license. My one year apprenticeship starts in January. I have an idea of what the working life will look like but I wanted to hear from you all. M-F, what are your mornings, afternoons, and evenings like? Weekends, how about those? What are your biggest stresses? Deadlines? Lenders? Very curious. Thanks! [link] [comments]  |
| How real are the advertisements from agents who say they will buy your house if it doesn't sell? Posted: 28 Sep 2019 09:13 PM PDT There are at least two agencies that I see ads from all the time in my area that say if your house doesn't sell in a period of time you agree to, they will buy it. How real is that guarantee? Anyone have any experience with it? [link] [comments]  |
| Realtor wants me to sign 15mo contract Posted: 28 Sep 2019 08:26 AM PDT I don't mind signing a broker/buyer contract with a realtor - but the time terms on this one surprised me. The end date is listed as June 2020 with an extra 180 days tacked on the end at 2.7%. That just makes me not want to do it although she comes highly recommended. [link] [comments]  |
| Form 1099-S Proceeds From Real Estate Transactions Posted: 28 Sep 2019 05:36 PM PDT I posted this in r/tax as well. But can someone help me. A bit of a backstory. I have never filled out the Form 1099-S Proceeds From Real Estate Transactions before. My boss is an attorney and told me to fill it out for a closing that was done for a condominium. My boss represented the purchasers who a couple who purchased the condominium from a one person. The condominium was purchased for less than $250,000. From my understanding the Transferor's, the Seller, Attorney should be the person who was supposed to fill out the Form 1099-S, because from my understanding if there is no settlement agent present during the closing, the Transferor's Attorney is to fill the 1099-S. However, we asked the Transferor's Attorney numerous times to provide to us the 1099-S, but the Attorney did not. My boss decided to that our office would fill it out instead and asked me to fill it out. I was looking at the 1099-S online. I see that on the IRS website there is a downloadable 1099-S Form which has a Copy A, Copy B and Copy C. However, the instructions says that Copy A of the Form 1099-S downloaded from the IRS website cannot be sent to the IRS because it is not scan-able. Where do I get the scan-able Copy A of the 1099-S? Who gets Copy A, Copy B, and Copy C of the Form 1099-S? Are there any other Forms that are to be submitted to the IRS along with the 1099-S? [link] [comments]  |
| Best Online House Hunting Sites Posted: 28 Sep 2019 11:59 AM PDT Looking for opinions on the best places to look for homes online. Ones that I've been looking at are: redfin, zillow zipreality realtor [link] [comments]  |
| Posted: 28 Sep 2019 07:33 PM PDT Is this considered normal practice? I'd like to be protected from the project taking weeks and weeks and causing me to miss out on rent (especially with winter approaching). The scope of the work is laminate flooring, drywall, framing, and some new doors. The contractor has verbally quoted approximately 1 week of work. Can I ask for this stipulation? If so, what would be acceptable terms for me to ask for? This may be better to xpost on /r/AmItheAsshole . Just kidding. Thank you. [link] [comments]  |
| Considering purchasing an older home (1960) requiring a lot of updates, need advice please! Posted: 28 Sep 2019 05:17 PM PDT Hey all, approaching the end of an option period buying a home near Dallas Texas. Description: Its a small, 1 story, 1200 sq/ft 3 bed 2 bath home from 1961. Fully updated with builder's grade we expect to be worth $200K. Cons: The house is move in ready but very old, nearly everything in the home is outdated (carpet, appliances, paint, etc) but they all work. Also the foundation has issues but mostly under warranty and we are negotiating on extra costs with the seller to re-mediate. There are old cracks on many of the interior dry walls from historic foundation issues that need repair. We expect some electrical and plumbing updates are needed but awaiting additional inspections (everything works but might not be up to date/code - plumbing does looks to be pvc). Pros: The plus side is that the roof is being replaced by the seller, the HVAC and Water heater are only about 7 years old and in great working order, and all of the windows are new throughout the house. What we would really like your advice on is how much a home like this on average costs to update enough (builder's grade) to get up to speed to rent. We had read to expect somewhere around $18K for a full remodel of a home around this size. Also if the soil in north Dallas moves so much, is that of a large concern renting and holding long term if constant fixes are required. Any advice greatly appreciated! Thank you [link] [comments]  |
| Seller's Market, should I buy or wait? Spokane, WA Posted: 28 Sep 2019 10:09 PM PDT I have never bought a house before, and I really don't know where to start. I have saved for a down payment for a long time, and now it's a total sellers market here in Spokane, WA. Houses are selling for 10-20k more than asking price hours after they're listed. It's difficult to find anything, but I might get lucky - and get an offer accepted if I offer more than asking. But here is my dilema.. I'm afraid the market is going to crash, we're going to get a recession, something, and wonder if I should wait. It can't be a sellers market forever, how long could this possibly go on? Would it be worth to wait a year or two, and keep savings, or would my savings just be worth less in the long run? Any advice? [link] [comments]  |
| First time selling and buying with contingency Posted: 29 Sep 2019 12:07 AM PDT Any good advice from fellow buyers or sellers will be appreciated. We are selling our house contingent upon us finding a home of choice. We will probably enter into a contract soon with a buyer but the pressure is now on us to find another house since we just lost our bid to our original home of choice. We are also looking into a very specific area. We need the proceeds from the sale of our house to use as a downpayment for the purchase of a new home so our offer to buy also has a contingency of closing the sale of our home. I've heard that this is a common occurrence. But we are so new to the process, and although our realtor is awesome, and doing a door to door marketing campaign in the targeted area,we still feel a little scared. Thoughts? [link] [comments]  |
| Opinions of the Southern California market. Posted: 28 Sep 2019 04:34 PM PDT I am so sorry if this has been asked a million times. But I am wondering what your opinions are on the Southern California market. I was born and raised in Southern California. I've traveled all over the world and I am confident in saying this live in the best place in the world. I love my city, but I am terrified that I am being priced out. 2 years ago, houses in my neighborhood were going for 320k. Those same houses are now selling for over 500k. I've personally seen property values rise 20k over the last 4 months in my city, and it just continues to climb. Every time I seem to save up enough for a down payment, the bar has grown higher and I need more money. It's a never ending race that I am always 2 steps behind. Now, I've spoken to numerous people about this. Real estate agents, financial advisors, real estate investors. All kinds of people, and from what I can gather. No one can agree on what is going on. Half the people I talk to tell me to wait. That we are in a housing bubble and it will crash. The other half are saying I need to buy right now because housing prices in Southern California will only go up. That real estate is so in demand, and space so limited that if I don't get in now I will be priced out forever. I am wondering what you guys think about this. [link] [comments]  |
| Posted: 28 Sep 2019 01:43 PM PDT |
| An extra $10k adds a den/bedroom and a full bathroom to the main floor. Is it worth it? (CA) Posted: 28 Sep 2019 09:00 PM PDT So i'm looking to purchase a unit in a fiveplex to rent out, and there is an option to choose a unit with a main floor bedroom and full bath for 10k extra. This would mean 4 bedrooms instead of 3 in the cheaper unit. Is this addition worth it? The square footage of the units are the same. [link] [comments]  |
| How to search for specific terms in listings such as "workshop"? Posted: 28 Sep 2019 08:54 PM PDT We're just starting the process of buying our next home. Is there a way to search for specific terms on a realtor.com or Zillow site... For example I want to see properties where the term "workshop" or "in-law suite" is included. Is there a way to do what I'm asking? Like a Google that goes through multiple property listings in my set map area? [link] [comments]  |
| Buying my first house. Buyer's agent question Posted: 28 Sep 2019 08:52 PM PDT Hey guys. I've already scouted out a few properties that I very well likely may buy. I've done a lot of research on them on my own but I do not have a buyer's agent. Do I need one? How do I get one? Do I just walk into a real estate office and say hey I already know some properties I want to buy but I need somebody to represent me? Do I want to event tour one of these properties that I have my eye on unless I have my buyer's agent with me? I would understand if I hadn't found any properties that I liked yet since they could you know.. make phone calls and contact people for me... but I already know some properties that I'd like. Thank you! [link] [comments]  |
| Posted: 28 Sep 2019 12:24 PM PDT I am in the market for a new home. So based on what research I have done, and the current political landscape, is this a good time to buy? Please correct me if I am wrong. Please explain why you disagree.
The above 3 points are my biggest concern of buying a property now. At any moment the market can get worse much quicker. Fed lowering interest rate is not a good sign because that mean they are trying to stimulate credit lending. The reason they are stimulating it is because credit lending has been slowed down. Probably due to trade war with China. The stock market has definitely taken a hit. Personally I'm not old enough to understand the consequences of how a Presidential impeaching would have on the real estate sector. But to me, impeaching a President is never a good thing for a country. I personally feel like this is a good time to sell your property. And this is a bad time to buy new property. Thanks. [link] [comments]  |
| Posted: 28 Sep 2019 12:53 PM PDT Has anyone used Homie to buy or sell real estate. I'm considering selling a home and buying another home and learned about them while at an open house. [link] [comments]  |
| How can I learn about Real Estate Investing? Posted: 28 Sep 2019 12:16 PM PDT Young 18 year old with no knowledge whatsoever but I wanted to start exploring the idea of real estate investing. Any books you recommend? [link] [comments]  |
| From my one experience selling a property, I have many lessons. Posted: 28 Sep 2019 03:58 PM PDT In my one experience selling a property and dealing with a mafioso real estate firm, I have many lessons about realtors. I'd love to post these on the realtor's Yelp site, but worry that I'll be sued for it. So I can post the generics here, and if you're wondering who it is, PM me. The realtor is in Portland, OR and is a large franchise. The lessons:
All in all, my experience was terrible. I will never use a real estate agent to sell a home again. However, if I can help someone else via my warnings I will. Again, if you want to know specifics about this agent, PM me, and I'll be happy to supply the specifics of the organization and the agents in question. [link] [comments]  |
| Posted: 28 Sep 2019 06:15 AM PDT Has anyone ever used the home advantage program when buying or selling a house? My credit union offers this service to get a rebate on closing costs, but there are only a handful of realtors to choose from. Is it worth it? Or do the savings offset fees/costs of a different realtor ? I have friends that are highly qualified realtors I could use but these savings are tempting. Thoughts ? Thanks [link] [comments]  |
| Are there any programs for high income first time homebuyers? Posted: 28 Sep 2019 10:06 AM PDT I'm planning on buying for the first time within the next 6 to 12 months, and saw that many homeowner programs have income limits or area restrictions. Are there any programs that do assist first time homeowners that don't have those types of caps? [link] [comments]  |
| Posted: 28 Sep 2019 05:54 AM PDT After a long time of searching, my spouse and I finally found a great home and had our offer accepted. It is not contingent on the sale of our condo. Our condo association is only 8 units and when one of the owners heard mine would be going on the market very soon, reached out to someone that has expressed interest in our units. She same - looked - loved. Made a full asking price offer and wants to do it without agents... She also wants a 30 day close (we don't close on new home for 40 days now) but is cool with us setting a vacate date after our close. She doesn't think she even wants an inspection. She did mention that she is preapproved - indicating there is financing involved. She is going to have an attorney draft an agreement for me to review... She asked if I was open to using the same attorney to which I said I would certainly have another attorney look at the agreement on my behalf. What concerns should I have? What should I look for? What is the savings between using just an attorney or two versus agents? What is the cost for an attorney to review an agreement like this? Any advice would be greatly appreciated! [link] [comments]  |
| Posted: 28 Sep 2019 03:41 AM PDT |
| City and datapoints recommendation for first time investor (USA) Posted: 28 Sep 2019 10:44 AM PDT Im looking to make my first real estate investment soon (just a goal I made for myself). But I'm confused as to which cities to pick and how to pick. I'm looking for good neighborhood with appreciation potential, with flexible expectations on free cash flow. The Cities I know that have good job market are already priced out for investment. And when I'm looking for data points that might point at a growth story, they all give different cities So my question is, if you were to pick ONE less risky property with good appreciation, 5 yr timeline, what cities would you be looking at? Also what's the reason or data points? [link] [comments]  |
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