What was the spookiest experience you've ever had at a house that you were selling? Real Estate |
- What was the spookiest experience you've ever had at a house that you were selling?
- How to file bankruptcy to get out of timeshare?
- Bought a Condo, found out there is a 28K Assessment that was not disclosed
- What is the definition of "buyers agent?"
- Our offer wasn't accepted on a house, but we found out it was sold for much less
- Need Help, First Time Home Buyer Under Contract
- Looking to get into the market for the first time
- What would I need/want a realtor to do if I'm buying a house in cash.
- What's wrong with my house? (TX)
- Do the same “rules” apply to high-end listings?
- How did you clean cigarette smoke buildup out of HVAC?
- unwanted land options
- Financial Strategy Suggestions To Achieve Goal Of 10 Rental Homes
- What are important questions to ask about selling and buying a home when meeting with your agent for the first time?
- Do I need to sell my primary residence to get new loan for primary res?
- How to I know I'm seeing everything available?
- MLS Square Footage Rules - CA
- Can Buyer Back Out While Waiting After Requesting Repairs
- Commercial lease. Toilet/ plumbing problem .... who’s responsible for repair?
- California condos increased in tax this year, any recourse?
- Why do certain real estate agents only do listings or not represent renters?
- No insulation, knob and tube in partially finished attic
- Should I use $150k to purchase another property or pay off mortgage?
| What was the spookiest experience you've ever had at a house that you were selling? Posted: 07 Oct 2019 07:49 PM PDT I have often wondered if real estate agents encounter anything paranormal when showing houses? [link] [comments]  |
| How to file bankruptcy to get out of timeshare? Posted: 07 Oct 2019 04:59 PM PDT I'm trying to help someone out of it. The timeshare property is in Orlando, Florida. The owner is in Maryland. The property is Westgate Resorts. Must the owner hire a lawyer based in Florida or not necessarily? I'm aware that those timeshare exit type "lawyers" are just as scummy as the actual timeshare contract terms itself. [link] [comments]  |
| Bought a Condo, found out there is a 28K Assessment that was not disclosed Posted: 07 Oct 2019 06:35 PM PDT Hello, I recently bought a Condo as my first home purchase. Everything was going OK but 2 weeks after closing escrow and moving in, I got a pamphlet from the HOA about an emergency meeting about an assessment from the city. There were some repairs required by the city and were estimated at about 5M, requiring 28K from every unit. This was not in the disclosure package or included in the HOA minutes but the other residents in the meeting knew about it. Talking with some of them after, they had known for a while. I contacted the real estate agent and he says he didn't know and claims that he contacted the seller and he (of course) says he didn't know either. What can I do? Do I have any options? I appreciate any advice. [link] [comments]  |
| What is the definition of "buyers agent?" Posted: 07 Oct 2019 09:20 AM PDT If both agents are paid a commission on the sale price, what makes either agent motivated to transact at the lowest price possible, compared to the highest price possible? [link] [comments]  |
| Our offer wasn't accepted on a house, but we found out it was sold for much less Posted: 07 Oct 2019 06:21 PM PDT I am in the SF Bay Area, so it's a crazy market here. We found a house beginning of September, price was $476k. We knew there would be multiple offers on the property. We put an offer in for $525k with an addendum to come in $1000 over the highest bid, not to go over $560k. I was sure we were aggressive enough on this property, but found out that our bid was not accepted. We are approved for $890k, so we are looking significantly under that price but trying to be aggressive. Our realtor asked what the other offers were and the one that was accepted was "significantly over $500k with 40% down cash" . Hard offer to beat, right? I'v been checking houses we have looked at online to see what they have sold for. Well, I check today and find out the property sold for $504k. Not significantly over $500k. and not near what we offered. We are taking out a VA loan, which I am beginning to feel is the Scarlet Letter of loans. We are looking at another house that is $599k, and will be putting in an offer for $700k. We will see what happens. Houses in my area have been on the market for $690k and sold in 2 weeks for $900k. The one we are looking at is not in the town I live in, so hoping it works ok. Does anyone know why a house would be sold for so much less than we offered? Is a VA loan really as bad as I am beginning to think it is? [link] [comments]  |
| Need Help, First Time Home Buyer Under Contract Posted: 08 Oct 2019 03:47 AM PDT Hey guys, been having a wild ride with this house I'm under contract with https://www.coldwellbankerhomes.com/pa/conshohocken/1214-hillside-ave/pid_32391648/ We settled on 320k in the offer but there is some sketchiness. Some sketchy details: The house is quirky. Numerous half ass updates e.g. there are 5 different types of hardwood floor in the house. Guy bought it for 230k 2 years ago. Claims the previous owner was in the hospital and needed to sell. Home inspection priced out to 28.5k in repairs, I asked for 20k in credit, they countered 1k. I laughed and told me realtor to pull out. Then I get a call from my realtor saying he told the seller's agent we were gonna pass and the sellers agent seemed surprised we didn't counter? What? After much back and forth we agreed at 12.5k. There is old termite evidence on the garage wall and they had initially refused to let me remove some old paneling on the wall to see the damage. Eventually they agreed to let me remove it tomorrow. Items of note from the home inspection:
See the album for pics, I am exploring these 2 more in depth with a struct engineer tomorrow Album Also:
I guess I'm wondering if I'm crazy. Should I have walked away when he countered $1k? Is this house a money pit? Is it worth what I'm paying or am I getting a good deal? Buying a house is not for the faint of heart. [link] [comments]  |
| Looking to get into the market for the first time Posted: 08 Oct 2019 02:25 AM PDT So my lease is up in April, and i'm wanting to get a house, hopefully not renting one, i'd like to buy. The only problem is I don't have money for a large down payment if any.. I heard that FHA loans don't require a down payment, and wondered if anybody that has a little experience here could help. I have a decent credit, and a 100% payment history of a couple years age of credit, so I don't think it'll be hard for me to get approved for enough for a first home, I just don't know what to look for really, any way I could get some help? [link] [comments]  |
| What would I need/want a realtor to do if I'm buying a house in cash. Posted: 07 Oct 2019 07:43 PM PDT So i found a house that meets my needs and is cheap (listed for 7000) because it has been vacant for a few years and needs to be completely gutted. I've done lots of restoration work on other houses so while this is a bit more at one time than I'm used to, this is not a show stopper. Putting the whole renovation issue aside, I've never bought a house before and as you can imagine most of the folks I know who have, just bought the one house and they went through the standard route. I'm not planning to flip the house but i am looking to buy it all cash and renovate it in a few months. so the questions. Do i need a realtor/agent? gut says yes because i have no idea how home buying goes what should i ask the realtor to do? are there any terms i should look up that relate to what im doing either so i understand the process or pitfalls or terms that i can use to better explain myself to a realtor? [link] [comments]  |
| What's wrong with my house? (TX) Posted: 07 Oct 2019 10:06 AM PDT My house has been on the market for over 90 days now, and we have done a price drop twice now. https://www.zillow.com/homes/616-Goodwin-Dr-Richardson,-TX,-75081_rb/27175830_zpid/ The first week it was on the market we had a lot of traffic and actually got a contract in for asking price. Unfortunately the buyers finances fell through and we had the house back on the market shortly after. Since then we haven't had a single contract put on the house, while traffic has died down, we are still getting 2-3 showings a week. A lot of the feedback we get from the showings is about the bathrooms being out of date, which I agree with but I also believe that we have priced the house to reflect that. Our agent has been trying to expand his net and has been having other agents do open houses almost every weekend. Should I take the house off the market and do some upgrades to the bathrooms in order to try to get it to sell quicker? I was thinking about just doing the countertops and tile for the jack and jill bathroom and then just doing the counter top for the master bathroom. Or is there something else I should do that would help with the sale? [link] [comments]  |
| Do the same “rules” apply to high-end listings? Posted: 07 Oct 2019 09:14 AM PDT I hear much about how, in a seller's market, if your showings are slow or non-existent in the first two weeks you are priced too high, doomed to stagnate, and have sabotaged yourself right out of the gate. But is this still true with a luxury listing in the fall? My house listed last week as one of the top five most expensive listings in the city (only 4 percent of homes sold in my city are in the same price range). Furthermore, last year in our city, only 20 out of 295 sales (in all price ranges) closed between Nov 1 and Feb 1. I assume this means I can expect fewer showings since my buyer pool is so much smaller and the time of year is far less active. Are my assumptions wrong? Do luxury listings follow the same "rules?" Should I ignore conventional selling advice about how to determine whether or not my listing is generating an appropriate level of interest? I want to have realistic expectations but my agent doesn't seem to have a lot of experience with high-end listings and hasn't given me much in the way of feedback or guidance. I have infinite patience, but she seems frustrated and surprised that I've only had one showing in the first week and is already asking me to reduce my price. I thought one showing was great given the time of year and general lack of buyers in my price range. Thanks for any insights you care to share. [link] [comments]  |
| How did you clean cigarette smoke buildup out of HVAC? Posted: 07 Oct 2019 06:05 PM PDT I've been doing some research and was told a mold remediation company is needed for this. Curious about others experiences. [link] [comments]  |
| Posted: 07 Oct 2019 12:14 PM PDT I have 5 acres of land in New Mexico that I don't want. Long story short - due to some screw ups by the county, I was never billed for taxes. There is now an outstanding balance which includes interest/fees. The "rule" is that properties with three years unpaid taxes are sold at auction. It's been >10 years and the county doesn't seem any closer to listing it at auction. I have tried some of the "donate land" organizations without luck. I would be happy if the property went on the county auction block as I simply want to get rid of it. I don't see myself ever visiting NM, no less actually building home there. What options do I have to get rid of this land? I'd be happy to give it away for the cost of the taxes. [link] [comments]  |
| Financial Strategy Suggestions To Achieve Goal Of 10 Rental Homes Posted: 07 Oct 2019 05:12 PM PDT I want to buy 10 rental properties and have the income to leave my current job and work for myself. I own one rental home. The market value is between 120-140k. I owe 44k on the mortgage. I'm not sure whether my best option is to cash out refinance or sell the place to finance the purchase of more homes. The housing market I'm looking at is B class with decent product in the 75k range. So far, I can see a refinance allowing me to put a 20% down payment on 1-2 homes. A 30 year mortgage should allow me lower payments to net ~500 per month rent. I don't see an immediate way to continue buying homes after the initial 1-2. I kind of think I should hold onto the home I have now because it's a good location and the property value will continue to rise. I'm looking for strategies to get to my goal of 10 rental homes quickly. Thanks. [link] [comments]  |
| Posted: 07 Oct 2019 10:12 AM PDT My partner and I are selling his current home (owned outright) and purchasing a new one. We will be meeting with the realtor agent we have chosen for the first time later this week, and she said to come with a mental list of questions about the process, financing, etc. We have never sold a home before and his current house was bought As Is, so neither of us are very familiar with the process. We have a list of questions we have, but I wanted to see what you fine folks would suggest as well. I appreciate any input! [link] [comments]  |
| Do I need to sell my primary residence to get new loan for primary res? Posted: 07 Oct 2019 07:52 PM PDT I purchased a condo for $585k in November 2017. At that time I was thinking of living for few years and sell it as I didn't want to throw money away in rent. Fast forward 2 years, my daughter is old enough to go to pre-school and things are getting expensive to handle. I make a good living to afford most of it comfortably but I started getting little conscious and plan for future retirement. We purchased a 250k condo as investment property back in April this year where we used to live couple of years ago. We know it will rent easily and currently is rented til Next September. Lately, we found ourselves not having much friends in the area and most of our close friends live like 30miles away. My wife and I are debating buying a 2br condo(300k range) near our friends sometime early next year(Jan-Mar) and possibly live there for 2-3 years and rent it out. My current apartment has lost some portion of value due to current market slowdown. There are 5-6 units in my complex that have been in the market for 30-75 days and have been reducing prices all along and not sell. I don't want to sell for loss, so planning to rent it out for a year or two and then possibly sell it. The rental potential is pretty good here due to proximity to NYC. My question is will I qualify for a primary loan even though I have a primary residence currently? How do I justify that I am downsizing from a 580k apartment to a 300k apt? What kind of things I need to plan for when approaching a lender? TLD:R: Have two mortgages totaling $680k. Can I take 3rd mortgage out without selling existing properties? Given I can put down 20% easily for 3rd one. How to approach a lender? Thanks! [link] [comments]  |
| How to I know I'm seeing everything available? Posted: 07 Oct 2019 07:50 PM PDT Are there different sites that I just have to check? Or is everything the same across all home-searching sites? What are the sites that I need to be checking? [link] [comments]  |
| Posted: 07 Oct 2019 03:58 PM PDT If a listing agent knows that unpermitted structures exist on a property, 1) Do they have to disclose the structures in the MLS listing? 2) Are they allowed to include the structures in the square footage? This site says no to 2 above, but is that an official rule? http://portal.mlslistings.com/compliance/2014/05/23/square-footage-policy/ [link] [comments]  |
| Can Buyer Back Out While Waiting After Requesting Repairs Posted: 07 Oct 2019 08:40 AM PDT Recently I got a contract on a house I am selling and after the home inspection I was furnished a list of item to be repaired. According to my contract, I have 3 days to reply to that list and my reply has to be submitted by 10pm. On the third day the buyer texted me around 7pm saying we were no longer under contract and she was moving on. My agent started working to get me the earnest money as we felt she breached the contract but today I heard back that after talking to both brokers they felt the buyer was in her rights to do that. During the talks to get the earnest money my agent mentioned multiple times that it wasn't always a sure thing and she recommended that we only request half the money (which we did). She also informed us that she didn't recommend going through arbitration. It seems like there was never a chance of us getting that money. I'm just wondering can a buyer back out after requesting repairs without giving the seller time to reply? I understand backing out due to inspection, but it does seem like there might be some gray area after they've submitted their requests. In fact I had already spent $1,000 on repairs she requested (I realize this was my mistake) so I was definitely operating under the premise that we would be moving forward. Here's the relevant part of the contract:
She didn't give us an opportunity to reach a mutual written resolution during the 3 day period so I feel like she was in the wrong. [link] [comments]  |
| Commercial lease. Toilet/ plumbing problem .... who’s responsible for repair? Posted: 07 Oct 2019 07:09 PM PDT I thought this was a straight forward answer but I got into with a partner and I'm reading 2 sided answers elsewhere. I am managing a commercial property where a business is leased for their business use. In the contract it says the property should be returned in original state, and any damage is tenants responsibility. That said, I was told that the plumbing backed up due to their customer use and it has affected their business. They told me to deduct the repair out of the rent.... my partner agrees that we should pay for repair/ replacement. I'm sticking to what I interpret in the lease as any damage done during tenancy that ( my interpretation ) is not structural , building itself , major plumbing (sewage drain to the city), HVAC... should be the tenants responsibility . How do I approach this [link] [comments]  |
| California condos increased in tax this year, any recourse? Posted: 07 Oct 2019 06:56 PM PDT Hi, I own two rental condos in LA county. The taxes for both increased by roughly $700, which is about a 6% increases. Sorry, I don't know much about how this works. I had a lot of investments which I cashed out to buy property so I'm still unfamiliar with why property tax increases like this. Is there anyway to fight it? [link] [comments]  |
| Why do certain real estate agents only do listings or not represent renters? Posted: 07 Oct 2019 06:48 PM PDT I understand the commissions and return on time investment vary greatly, but at what cost? I've had agents completely ignore me when I bring up the idea of potentially renting first. Basically said I won't help you, but let me know when you're ready to buy/sell. I'm sorry, but if you're not going to help me now, what makes you think I'll reach out to you when I have something that's going to benefit you in the future? [link] [comments]  |
| No insulation, knob and tube in partially finished attic Posted: 07 Oct 2019 06:39 PM PDT I really enjoy this community and am hoping to get some advice/perspective on the inspection results. I am currently under contract for a home originally built in 1910 in St. Louis, MO. The house had been renovated and all the systems are in great condition. Items that need to be addressed include carpenter bees, walkway sloping towards the house causing possible drainage issues, one portion of roof improperly patched, no insulation at all in the partially finished attic, and knob and tube wiring in the attic only. I think the bees, roof, and walkway are reasonable asks for repairs - they're not very expensive fixes but important. The attic makes me nervous - no insulation is going to mean a much higher heating bill and I was hoping there'd be a little less work up there to make it liveable (it also needs a source of airflow). The knob and tube also is questionable. It was installed unprofessionally and I wonder if it is a fire hazard. I'm having an electrician look at it in the next couple days. I'm just wondering how you think the seller might feel given it is not currently listed as a liveable space. They were very clear it was only partially finished but given the brand new electric in the rest of the house, how well everything else was installed, and new drywall on the ceiling in the attic, I really thought the condition behind the walls would be better. Thoughts? Thanks in advance!! [link] [comments]  |
| Should I use $150k to purchase another property or pay off mortgage? Posted: 07 Oct 2019 06:24 PM PDT I'm 27 years old and I currently own a condo worth at minimum CAD $450,000, I originally bought it on assignment brand new last yearfor $395,000 so it's appreciated quite a decent amount already. My outstanding mortgage amount currently sits at $279,000. For those who are familiar it's just north of Toronto directly on Yonge Street in Richmond Hill. It's close to public transit, go train and there are talks of an eventual subway extension. I am still living with parents with the goal of saving up at least $150,000 in the next 3 years before I turn 30 which I'd say I'm on track for. I also have a goal of an early retirement and to have at least 2 paid off income properties when I'm in my late 50's approaching retirement. Would it be wise to use my savings in three years as a down payment for a second property or to use it as a lump sum payment for my outstanding mortgage? Thanks [link] [comments]  |
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