Allowing neighbor the use of my remote lot Real Estate |
- Allowing neighbor the use of my remote lot
- Interest rates going down but not mortgage rates
- Are there any ELI5 resources for first time home buyers? And first time “adulters” in general?
- Has anyone here successfully lived out of a commercial property?
- Made a huge mistake a new Land Lord.
- Advice in Buying Older Home
- 30 vs 15 year mortgage if plan on re-selling?
- How do I start small when everything 2 hours to Toronto costs 500k for homes?
- Buying family member’s “shares” of house?
- Pricing your home for sale.
- Sign ripped out of yard
- Apartment complex charged me for double rent the month after my lease was over ?
- University student studying real estate
- Pay stubs.
- First time home buyer looking for tips
- If you become realtor in one state, can you transfer your license in another state?
- Frame/Block combo
- Returns
- Adding a cheap bathroom before sale: yay or nay?
- [NY] Home purchase while my wife is on maternity leave
- What are the main challenges real estate agents face?
- Seller threatens to sue if I pull away from contract.
- land/ bad neighbor issue
- What do I do when I get to this point? (UK)
| Allowing neighbor the use of my remote lot Posted: 03 Nov 2019 06:15 PM PST I have a parcel of land outside of the Phoenix metro area (86333) that I visited this weekend and noticed the neighbor is using is to park her truck. Some brief background, my father is familiar with her, nice lady (about 70 years old), and has expressed interest in purchasing the lot (I'm not selling to anyone). As a courtesy, I allow her to use it to park cars on when her church group visits her home on Sundays. In return, she clears the land (and doesn't ask for money in return). Normally, I couldn't care less about her parking her truck but I did notice that she put some gravel on the lot (just enough to park her truck on). So, this bothers me a little because she didn't ask to do so, but more importantly I'd like to know if there are any kind of ramifications to allowing the use of land in this manner. The reason I ask is because there are parts of Europe (where my family is originally from) where if a piece of property is squatted for long enough without the owners visiting, the squatters can take it. This is new territory for me, does anyone know of any issues that can arise? [link] [comments]  |
| Interest rates going down but not mortgage rates Posted: 03 Nov 2019 11:00 AM PST I'm seeing this on a lot of headlines that I'm reading is this true? Rates going down seem to benefit the lenders if this true... just wondering if anyone has insight on this.. I'm sure this has an effect on home values as well [link] [comments]  |
| Are there any ELI5 resources for first time home buyers? And first time “adulters” in general? Posted: 03 Nov 2019 05:31 AM PST I'm 25 and considering purchasing my first house with my SO. The more I research to see how I should get started, the more I realize I don't understand. My SIL is a former real estate agent and is a huge resource for me. However, I don't even know WHAT I don't know so I have no idea how to even ask her questions. Do any of you know any comprehensive beginner guides to everything home buying/town research/(i think i even heard someone mention sewage systems vary from town to town??? how do i learn more about that?) I'm sorry, I'm just so lost. I have more than enough money for a house but I really understand none of it... [link] [comments]  |
| Has anyone here successfully lived out of a commercial property? Posted: 03 Nov 2019 07:53 PM PST I'm a young single guy hoping to someday purchase an automotive property for my hobby of working on and storing cars. I'd plan to partly utilize the property by renting out some of the space to a mechanic or something like that. Putting aside the difficulty of securing a loan for the moment, I'd like to know how realistic it would be to partly, if not completely, live out of a commercial property temporarily (say a year or two) from a LEGALILTY perspective. How common is it to get caught? Do you know of any success stories? Obviously I'd be completely prepared to sleep on a cot and deal with a lack of amenities. [link] [comments]  |
| Made a huge mistake a new Land Lord. Posted: 03 Nov 2019 07:51 PM PST So last week I was visiting the new property that we purchased. I am mostly responsible for maintaining it and communicating with the Tenants. I messed up big time and didn't transfer the utility bills, because I didn't know where to start. I assumed the lawyer would pass on the old bills and I could take it from there. But that didn't happen. Today evening(Sunday) my tenant texts me that heat is not working. I know it's been turned off. With inflated heart rate I quickly fill up required info online on the gas company's website and hope for the best. First thing in the morning I am calling their customer support to have everything sorted out. I don't know what to do, I feel absolutely terrible. I should have been more responsible regarding the matter. I should have asked the question about the bills, but I didn't. Now my tenants may have to go without heat for maybe up to 2 days before they are reconnected. And that is all due to my negligence. What could I do to make things better? Should I drop off some heaters and apologize? I do not want to be seen as an incompetent landlord, I feel terrible. Somebody please provide me with some suggestions, first thing in the morning(As their customer service opens at 8:30am) I am contacting the gas company and then subsequently the Hydro and Water. Then I have classes later in the day. Any suggestions from anyone would be helpful. Thanks for letting me take this off my chest. [link] [comments]  |
| Posted: 03 Nov 2019 05:08 PM PST Hi All! I'm a first time home buyer considering a very charming house built in the 40's. Just got the sellers disclosure and I'm hoping to get some first-glance impressions from more experienced folks. Of course I know a thorough, independent inspection will tell us much more about the house's health, but just based on the ages of the following items- do you think any of these major systems are bound to fail very soon? Roof installed 2003 Central Air installed 2007 Hot water heater installed 2011 New windows 2007 Thanks for all of your help! [link] [comments]  |
| 30 vs 15 year mortgage if plan on re-selling? Posted: 03 Nov 2019 05:09 PM PST I'm a first time home buyer and just wanted to hear some thoughts on this. I plan on doing the 15 year mortgage just for the best rates and to minimize my interest payment. But if I plan on selling in about 7-10 years, is it worth aggressively paying down the house with 15 year mortgage? Should I be doing 30 year mortgage and paying it off slowly if I'm going to get rid of it anyway? Does that logic make sense or am I just uninformed.. thank so much! [link] [comments]  |
| How do I start small when everything 2 hours to Toronto costs 500k for homes? Posted: 04 Nov 2019 02:44 AM PST This is much more difficult than I thought. My job is two hours from Toronto and even my area costs a fortune. How do you guys do it?? [link] [comments]  |
| Buying family member’s “shares” of house? Posted: 03 Nov 2019 05:58 PM PST Location: NYC Hello all first post here and first time encountering this situation. So my grandpa's house is owned by my mom,aunts, uncle (4 owner's) My mom is telling me to buy the other owner's "shares" at a discounted price. Probably having an appraiser coming in soon but I estimate value to be about $1.3/$1.4mil. We could buy the 3 remaining shares for a total of 850k which combined with my mom's share would come out to a total of roughly $1.15mil. Do I have to pay any taxes and how should I go about the process? [link] [comments]  |
| Posted: 03 Nov 2019 01:05 PM PST Around my neighborhood, once a home is put on the market, it's under contract in less than a week! Does this mean that the price of home was priced too low in the first place? I live in northern part of Virginia. Thanks. [link] [comments]  |
| Posted: 03 Nov 2019 12:59 PM PST I stepped out of my house yesterday to find a giant hole in my front lawn and the "for sale" sign gone. We found it half a block away. It's a big 6+ft heavy wooden sign, so this wasn't an accident. Is this common? [link] [comments]  |
| Apartment complex charged me for double rent the month after my lease was over ? Posted: 03 Nov 2019 06:48 PM PST I moved out of my apartments in April but continued to pay the rent because i did not want to break my lease. I left all of the keys in my apartment because at the time that i moved the office was closed. I moved out of state and the office manager is aware that I don't live there anymore. In august i emailed my 60 days notice because my vacate date was in october, and the manager sent an email saying she got it. I have ways to prove that I turned in my notice as well as the keys. I checked my account on the apartment website and they are charging me double for everything. two rent fees, two month to month rent fees, utility and cable fees, as well as two admin fees and a late fee. I always pay my rent and am always on time. They normally send a bill in the mail but did not for these fees. Could this be an error ? They are closed all weekend but i'm very stressed over this because i don't have the money to give $2,600 to them. If I do have to pay what do I do ??? [link] [comments]  |
| University student studying real estate Posted: 04 Nov 2019 12:42 AM PST I am wondering what path of real estate will fit best for me, something that I will enjoy. Since real estate is relatively broad, I figure I'd ask somewhere that people come from a variety of real estate backgrounds. I am very interested in real estate abroad, and I like cross border transactions so I was thinking real estate investments but maybe there's something better still. Thank you in advance [link] [comments]  |
| Posted: 03 Nov 2019 05:41 PM PST I am getting pre approved for a loan tomorrow, and I'm a little worried. My credit is great, and my job history is too I've had the same job for 6 years. I'm a salary employee and make $50k a year. The problem is that I am 8 months pregnant and have been missing a lot of work due to being sick. So my pay checks have been low, I am also going on maternity leave at the end of the month. My fiancé makes the same amount as me, but can't be on the loan because he had horrible credit. I have a bit in savings ($19k) but I only want to put 3% down. The asking price is $159k, but they already have an offer so I was thinking of doing $170k. I was approved for $280k earlier this year, but that's when I was constantly working. Is this going to hurt my ability to get a loan? Should I explain the situation? Someone told me not to tell the loan officer I'm pregnant because they will use it to deny me. [link] [comments]  |
| First time home buyer looking for tips Posted: 03 Nov 2019 09:17 PM PST Hi all. Wife and I are buying first house in Baltimore MD. Our agent has been incredible and we're securing our preapproval to make an offer on a place using a 10% down FHA loan. We're headed back on Wednesday to do another walk through and take tons of pictures and measurements and really feel it out top to bottom. Of course we'll have an inspection etc. I'm just nervous being a first time newb. And the house has been on market for 70+ days. Under contract once but it fell through. Any real fucking nasty gotchas we can look for ourselves? Our agent has been awesome at spotting big things like water damage and signs of other major issues but it's a lot of money and I we want to do our due diligence. [link] [comments]  |
| If you become realtor in one state, can you transfer your license in another state? Posted: 03 Nov 2019 01:40 PM PST It is my understanding you have to pass an exam to become real estate sales person, once you pass an exam from one state, is the license transferable? [link] [comments]  |
| Posted: 03 Nov 2019 08:31 PM PST There is a house I'm interested in purchasing as a rental. I made an offer, but was too late, another offer had already been accepted the day before. Now, a couple weeks later, it's back on the market. According to my agent, the inspection report came back and the house was a "combination of block and frame construction" and "that was the deal breaker." I'm wondering what would be wrong with a block/frame construction, and how that would trigger an inspection contingency. Is there red flag here that I'm missing if I resubmit my offer? [link] [comments]  |
| Posted: 03 Nov 2019 08:12 PM PST A guy on here a few weeks ago talked about single family rentals and said he was making 3% (monthly) on his cash position. For the most part was all in for 30-50k and renting for 3% of that (I think). My question is on a COC return is this an after or pre tax return? Because you're using after tax dollar to fund and renovate but then possibly determining the return on pre-tax dollars? Trying to clarify. Thanks. [link] [comments]  |
| Adding a cheap bathroom before sale: yay or nay? Posted: 03 Nov 2019 12:23 PM PST I have a home in the second largest city in the PNW, Bungalow, 3/1 in an OK Neighborhood. I got a job in a new city and need to sell. The basement is half finished, with one of the Bedrooms. In the unfinished half is a rogue toilet, fully functional, just hanging out next to the w/d. My family is convinced if I could turn it into a full bath I'd get a better return when I sell. To do it would require plumbing work quoted at $9k. The rest of it I could do myself (already did the rest of the house) for a total of around $12-13k. I've already asked my REA for an analysis, she gave me an anticipated sale price of $411k WITHOUT the extra bath. Looking at comparables, 3/2's seem to go for $430-450. Questions: 1) based on these #'s, would another bath make sense? 2) Does it matter if it's in the basement? [link] [comments]  |
| [NY] Home purchase while my wife is on maternity leave Posted: 03 Nov 2019 06:11 PM PST My wife and I are in contract on an affordable house that needs some updates, and we are satisfied with how everything has gone so far. On 11/1, we had a home inspection that gave us no surprises, and we would like to proceed with the purchase with no further negotiation. She has been on maternity leave since 9/1, and will be returning to work at the beginning of December. From my research before we made an offer on this home, that shouldn't be an issue... we both have very good credit scores, money in the bank, etc. However when we spoke to the bank last, the branch manager made mention of proof of income for my wife prior to underwriting. So, how does this usually work? My understanding is that as long as her employer will provide proof of employment via tax forms, there's no issue here... or if our closing time goes beyond when she returns to work, we would have new paystubs. Anything I'm missing here? [link] [comments]  |
| What are the main challenges real estate agents face? Posted: 03 Nov 2019 05:27 PM PST What are the main challenges real estate agents face? [link] [comments]  |
| Seller threatens to sue if I pull away from contract. Posted: 03 Nov 2019 04:55 PM PST My lender did not let myself or our realtor know that for a conventional loan with 5% down, the seller can only pay 3% in closing costs. We just found this out friday and were supposed to close tomorrow. The seller offered 6k in closing costs and that amount was worked into the contract. The purchase price is about 149k. We did an inspection and found mold. The seller agreed to credit us 1400. My question is, where does the money go if we cant get more credit?? According to my Realtor, the seller cant credit us any more towards our closing cost and the seller refuses to sign any amendment to lower purchase price. If we were to walk, the seller threatened to sue us. This is in the state of IL if that manners. [link] [comments]  |
| Posted: 03 Nov 2019 06:18 AM PST I bought a piece of land recently in rural Western North Carolina without knowing about the bad neighbors. After talking with locals, these people are druggies who raise hell at all hours of the night, shooting guns, racing dirt bikes through neighbors yards, racing their exhaustless truck... They've cut down trees on my property (i dont live there) sabotaged the well for about $1.50 worth of scrap steel and vandalized the hell out of my land. They knocked the gate over and the neighbors see them up there all the time. The neighbors said they're thieves who will take whatever they want, which doesn't surprise me. I didn't know about them when i bought the property (i know, should of investigated, go ahead and scold me) and if i had known about them I probably wouldn't of ever bought it. The sad part to me is that there are kids living in that house that have probably never been to school. The house is unlivable, the yard is a mini Exxon Valdez from the junk cars, trucks, engines and transmissions laying around, which has killed the grass and trees, and Im not sure there is even electricity there tbh. My question is if theres anyway to have them removed? I learned a long time ago to not start a war with someone that doesn't have anything to live for, so i want to tread lightly. Can you have someones house condemned? Can DSS have the kids removed? What legal avenues do i have? unfortunately petty theft, disturbance of the peace, and drug use carry almost no ramifications with a jail sentence of 30 days at best. These people are beneath being reasoned with. The neighbors, who are all elderly, have tried to no avail. They have also tried to petition for them to be removed but that carries no weight in NC. Im going to meet with the good neighbors this week to gather more info on the bad neighbors. Let me know if you've experienced something similar and what you did. Thank you! [link] [comments]  |
| What do I do when I get to this point? (UK) Posted: 03 Nov 2019 04:51 PM PST Aright lads, my Grandad bought a semi detached bungalow back in 2008 for £115,000. The bungalow generates £550 a month. There's been a loft conversion added and solar panels. Zoopla estimates the value of the bungalow as £154,737 without knowing the add ons. All in all, I will probably inherit £220,000+. Me and my Grandad love property development but there's so many ways to invest in property. I've described this blandly because I talk a bunch of shite when I do long posts, tried to keep it simple lol. What are the best steps I should take? Development, multi family homes? [link] [comments]  |
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