Sold condo “as is”, buyer now wants me to pay for mold remediation. Real Estate |
- Sold condo “as is”, buyer now wants me to pay for mold remediation.
- looking for help in real estate investment abroad
- If the house is $4,000 more than the FHA limit, but downpayment takes me well below, do I pay $4,000 plus my 3.5% down?
- Buying REO Homes
- Buying a new home in an almost finished community
- If someone marketed to "couples only", they'd be violating federal law. Why then can timeshares offer promotional gifts to couples only?
- Asking r/RE: To buy the bigger house or not?
- Too Many Issues: Where should my parents start before moving?
- My Tenants want to buy my rental property. Best way to do this?
- Sellers’ Realtor Apparently Lived At Our House- Misrepresented Loads of Things
- Buyer's agent offer turnaround speed
- Found the “perfect” house. How soon should I jump on it?
- Who should pay for radon testing of well water?
- [IL] Where can I find the "promise to pay" letter?
- What Real Estate Site has given you excellent traffic / visibility in your experience (land)?
- Advertise Assumable Mortgage
- Are we in the beginnings of a housing recession?
- [Help] Any websites to look for realtor buying agents who offer commission refunds to buyer?
- Am I selling my house for enough?
- Bad descisions.
| Sold condo “as is”, buyer now wants me to pay for mold remediation. Posted: 12 Oct 2019 09:09 AM PDT I closed on the sale of my condo two months ago. It was sold "as is" and I did some repairs of mold in the kitchen before the sale was finalized. The buyer is removing the flooring and has found more black mold under the old flooring. The buyer contacted me and wants me to pay for the mold remediation. I just want to make sure that I have no obligation to pay for this repair. I also had no idea that there was any mold underneath the old flooring. Am I responsible for these repairs? Update: Thank you very much for all of the replies and advice! I will not be engaging with the seller on anything and will get a lawyer if she tries to sue me for anything. Thanks again for everyone's help! [link] [comments]  |
| looking for help in real estate investment abroad Posted: 13 Oct 2019 02:58 AM PDT hello Reddit! i just got a hold of a large amount of money (around 300,000 euros) and im looking in investing it abroad in places like Porto or Dublin because of the high yield from the apartments in such places, the problem is i dont know anything about these places besides what i read online, i would be happy to pay for a service who can help me find the right apartment for investment, so my question is, is there a name for such kind of service? and if not, how should go about finding the right place to invest and the process of doing so abroad. [link] [comments]  |
| Posted: 12 Oct 2019 10:14 PM PDT House is 318,000 FHA limit is 314,000 Downpayment brings me down to 306,870, so I am only financing 306k, I wouldn't think I'd need to pay even more but that's what my realtor is telling me. [link] [comments]  |
| Posted: 12 Oct 2019 09:43 PM PDT Looking to get a fixer upper? What's the best site and process for getting these homes? I have flexibility in terms of timing so I thought it was a good way to go about it. Please let me know if you have any advice. Thanks! [link] [comments]  |
| Buying a new home in an almost finished community Posted: 12 Oct 2019 03:33 PM PDT I'm curious what anyone's experience or thoughts are on placing an offer on one of the last lots available in a community. It's a large subdivision with almost 500 homes and there are three different builders on the property, each owning different lots. They are down to the very last homes and have been building for almost 4 years. My wife and I have honed in on a great lot that is going to be one of the builders last lot, they have started construction on the other remaining 5 but haven't sold them yet. In the last year we see that all builders look like they are ready to leave and have sold listed homes for up to $80k off of list price. On the other hand I've been told they are most anxious to sell the homes that are almost or already done and negotiate on those further. Since this final lot is literally their last one (and currently has their contractor trailer on it still) do you think I have a chance with a lowball offer as long as it comes close to other recently sold but discounted properties? [link] [comments]  |
| Posted: 12 Oct 2019 08:40 PM PDT I have no interest in buying a timeshare, but I've been getting a lot of "free vacation" Facebook ads from timeshare companies but you aren't eligible to go by yourself. Do federal anti-discrimination laws apply differently to timeshares? [link] [comments]  |
| Asking r/RE: To buy the bigger house or not? Posted: 12 Oct 2019 10:01 AM PDT Would love thoughts from this group. My wife and I are expecting our 5th (all planned, and last) kid. Yes, that's a lot, but also not the topic at hand. We still live in our starter home that we will have paid off before we're in our 40's. But now, we have the itch to upgrade. Here are the options we are considering: Option 1: Stay put & squeeze - we can all fit in our house, but it will be tight. This is the proverbial "do nothing" scenario. Home will be paid off in ~2 years. Monthly mortgage is about $1200/mo. Option 2: Sell our house (~$400k) and use equity (~$330k) for down payment on larger house. We've found that to make the move meaningful, we'd be looking at houses in the $600-650k range. Mortgage payments go up to about $2k/mo and we reset back to 30yr mortgage - results in us living in a much nicer house/neighborhood. Option 3: Do a cash-out refinance on our home to use equity for a down payment on the bigger house and rent our current house. Refinance payment on current house would result in $1200/month payment, but we could likely rent it for $1800-2200/mo. It would be our first rental. Mortgage on new home would be bigger with payments around $2600-2800/mo, but somewhat offset by the rental. More debt overall, but also more real-estate in my portfolio. I have a decent chunk already saved in 401k's, Roth IRA's and brokerage account totalling near $480k and would still be able to max out 401k and Roth IRA's for myself and spouse (stay at home mom) in any of the scenarios. She'd also plan to go back to work in about 5 years. What advice would you give us? We can't decide! [link] [comments]  |
| Too Many Issues: Where should my parents start before moving? Posted: 12 Oct 2019 05:51 PM PDT My parents live in the SF Bay Area in a ~800 square foot property build in the 1920s, with an additional mother-in-law house in the back (which no one lives in). They are wanting to move out of the area, and are considering selling their house. However, there are numerous issues, and they're trying to figure out what the first step should be. Here's a summary of the issues: Main House: Rear House: Yard/Driveway: My Questions: I've included a few photos of the back yard and the rear house that is in disrepair. Appreciate any advice! [link] [comments]  |
| My Tenants want to buy my rental property. Best way to do this? Posted: 12 Oct 2019 01:35 PM PDT I agreed to sell since I am moving far away and dont want to watch over it anymore. They want to buy it from me as is. What's the first step we take? I have a price in mind that's fair already. [link] [comments]  |
| Sellers’ Realtor Apparently Lived At Our House- Misrepresented Loads of Things Posted: 12 Oct 2019 04:30 PM PDT Hi all! This sub has been incredibly useful to me and my family in the home buying process. I'm now officially reaching out to gather some guidance: We recently bought a home without a buyers' agent and dealt solely with the sellers' realtor. At first it seemed odd that sellers' realtor appeared in a title search that I personally did, but not on the formal title inquiry handled by the lawyers. Now, it's gotten stranger as we're continuously receiving bills and other personal mail in her name at our new home. This is disconcerting to us because of her potential financial connection to the sale (aside from the broker fee) and the fact that none of this was disclosed. Furthermore, we are continuously finding issues with the home. While the "owners" paid the New York mandated $500 disclosure fee, it seems like patchwork was done to cover up a plumbing leak and she outright lied when asked about the sprinkler system, which we could not test during inspection due to foliage and snow. I understand caveat emptor (buyer beware); but can you all foresee any legal recourse here? [link] [comments]  |
| Buyer's agent offer turnaround speed Posted: 12 Oct 2019 11:52 AM PDT When you find a place you like, how fast should your agent be able to turn around an offer contract from when you tell them you want to make the offer? And then how long for modifications (i.e. adding additional contingencies)? [link] [comments]  |
| Found the “perfect” house. How soon should I jump on it? Posted: 12 Oct 2019 11:46 AM PDT Saw it today. It has almost everything we want. It's a little close to neighbors(3 car lengths away) but I can deal. Built in 1998 and immaculate. I have sellers disclosure already and there is nothing bad on there but obviously still relying on a real inspection How soon should I jump on it instead of looking for more houses? They have an offer but under asking and they want more. Closing flexibility is big for them and that's fine with me as well. [link] [comments]  |
| Who should pay for radon testing of well water? Posted: 12 Oct 2019 12:19 PM PDT I'm in currently in negotiations with a seller (FSBO) after elevated radon was discovered in the home. They have agreed to bring in a radon contractor and it sounds like they will cover the cost of mitigation, but we have stipulated that we think the well water should be tested for radon, and that they should cover the cost. They are saying we should pay if we need that peace of mind, but I don't think it's fair to be asked to take that on when it's their house that has the issue. In our mind, you can't really say you've mitigated radon in a house if there's a well that's never been tested for radon that could be contributing to the levels. We already paid for and completed the standard well water testing, and as I see it testing the water for radon is a natural course of mitigation if radon is discovered. All the reliable sources I can find state that a well water radon test is the right thing to do if radon is discovered in the house. Are we being crazy to ask that the cost of testing the water for radon be covered by the seller? References: [link] [comments]  |
| [IL] Where can I find the "promise to pay" letter? Posted: 12 Oct 2019 11:21 AM PDT I am working on refinancing and I was told I need to send them a copy of my promise to pay letter. I do not see one in my stacks of paper and I am not sure who I would contact in order to get another copy. [link] [comments]  |
| What Real Estate Site has given you excellent traffic / visibility in your experience (land)? Posted: 12 Oct 2019 10:43 AM PDT |
| Posted: 12 Oct 2019 10:19 AM PDT How can I advertise an assumable mortgage if my realtor doesn't want to? I've only been living in the house a year, but moved to another state. I want to offload this house as soon as possible. My upcharge is currently realtor fees (outside of the work I already put into it) and I doubt anyone is willing to pay that so I stand to lose about 25k on this. I have asked my realtor to advertise it with the assumable mortgage and she has not done that. Can I place my own ad for it? Edited: I own 2 homes, both VA loans. 1 I have lived in for 3 years and the interest rate is 2.9% and the other house I have had for a year is 3.9%. [link] [comments]  |
| Are we in the beginnings of a housing recession? Posted: 12 Oct 2019 02:05 PM PDT Disclaimer: please don't take this defensively. Genuinely trying to gauge what people are experiencing in their respective markets. It seems it's been a sellers market for so long and we are starting to see a slowdown. Anyways, thoughts? [link] [comments]  |
| [Help] Any websites to look for realtor buying agents who offer commission refunds to buyer? Posted: 12 Oct 2019 05:57 AM PDT I found upnest.com Any other agent websites you know of? I live in Pittsburgh area Thanks [link] [comments]  |
| Am I selling my house for enough? Posted: 12 Oct 2019 08:13 AM PDT We are going to be listing our house for 425,000 in about a week. This is the price our realtor gave us based on comparables in the market. Our neighbor with the exact same model of our home (but with more upgrades like nicer flooring, corner lot, painted walls and a backyard that has been landscaped) is selling theirs for 475,000. I know for a fact that this is way overpriced in the Arizona market but it is making me wonder why we chose this 425 number, and not 429,000 for example? Our agent sets her prices competitively and sells houses as quickly as a few days. I am just worried she may be pricing it lower to sell it as quick as possible. She seems dead set on her suggestion even with the new home on the market. She told us even if the house sells for that price it wouldn't appraise for it but during her meeting us for the first time months ago she said she sold a home that was above what was appraised and the person was willing to sign an appraisal waiver. Any insight on this would be helpful as this is the first home we are selling and we are extremely inexperienced. [link] [comments]  |
| Posted: 12 Oct 2019 09:34 AM PDT So my wife and i recently bought a house that was built in the 1960s. She really loved it but I had my doubts due to how the transaction was going. They refused us to test asbestos and our inspector gave us a couple of red flags and we wanted to get other outside outside opinions on the issues. We asked to extend the option period which they agreed to but did not commit to that promise. By now i was trying to get us out of the deal. My wife still wanted this property and did not want to back out. After weeks of trying, i caved in and decided to buy the house. When we moved in, we discovered the plumbing needed to be redone since it was cast iron and all rotted out for 14k which destroyed our savings. As a result she is now talking about suing the previous owners for fraud so we can remodel the house but i am trying to focus on savings more than anything. I was wondering how we should go forward with this mess. [link] [comments]  |
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