[CA] Lived in apartment for 6 years, landlord trying to keep all of $4600 deposit. Real Estate |
- [CA] Lived in apartment for 6 years, landlord trying to keep all of $4600 deposit.
- Can we legally go after them?
- Advice needed: Couple buying their first home in Sydney Australia - Inspector came back with 42 defects.
- Selling a house with a well
- Taxable amounts on gifts?
- Hijacked Listing??
- Does the vehicle I drive matter?
- Seller included new appliances with purchase. Appliances do not fit.
- Good websites for renting out rooms and houses?
- Kitec Plumbing
- Can't decide, please help!
- Pre-Closing Due Diligence on cash offer
- [CA] Can I expect my property value to go up if I can get the HOA dissolved?
- Loan Comparison Tool?
- Buyer changing lender wants closing date extended.
- How to get the lowest interest rate for 30 year fixed mortgage in SF Bay Area?
- I have an upcoming inspection for a home I'm looking to buy and I don't want to miss this date. Do you think I could call other other inspectors the day before have them serve as back ups in case my inspector doesn't make not for what ever reason?
- What does "to pay for damages" mean in a tenancy contract?
- Best lender for a FHA loan in N.J
- Real estate holding companies and residential properties
- FL Agent Moving to Washington State
- Selling my house and have an issue with the title
- Time is of the Essence Clause
- How do people make a decent wage off cashflow?
- Inspection revealed fire damage in basement and attic; advice needed!
| [CA] Lived in apartment for 6 years, landlord trying to keep all of $4600 deposit. Posted: 08 Nov 2019 09:46 AM PST I lived in an apartment for 6 years in San Pedro and my deposit was two months rent + $1000 for a dog I had at the time. The apartment was furnished. I recently moved out and the landlord is trying to keep all of my deposit and even said she was going to charge me an extra $2000 but will "let it go" which is basically her way of trying to reduce the blow of attempting to keep my $4600. She gave an "itemized" list of what she used the funds for, like $800 to clean a couch (??) and other things, but didn't actually show receipts. I know that receipts are required, but I also know that the funds need to be used reasonably and for expected wear and tear and I did not break or damage anything. What I can do to recoup a good portion of my deposit? I expected to pay MAYBE $1000 for cleaning and normal wear and tear, not $4600. [link] [comments]  |
| Posted: 08 Nov 2019 08:42 PM PST Long story short, we were first time home buyers in Virginia. We trusted our realtor and her shitty inspector too much. We requested that inspector looked at sloping floors and we were told it was fine and just settling. House did not have crawlspace access. Realtor AND inspector assured us nothing was wrong, and all was well. We went through with the sale. 2 years pass (and we put a several thousand dollars into the house) and we need to sell the house due to moving to a new duty station (military family). We find out yesterday that everything was wrong. Directly from the second opinion/estimate that we had done today: " The bottom line is that this home has some very very extensive structural issues caused from excessive moisture and wood-decaying fungus. " The first quote/estimate was $50K. The crawlspace business owner (25 years of experience in the business) who gave us the quote told us " You can hold the previous inspector responsible, as well as the financial institution who lent the money. They should have never let you buy this home. " This house was purchased using a VA loan. Is this accurate? There's no way we can afford the repairs. We were already taking a loss from selling the house. I doubt USAA homeowners insurance will cover anything. [link] [comments]  |
| Posted: 08 Nov 2019 10:24 PM PST My wife and I have just put an offer on our first home, a newly constructed duplex in the Western suburbs of Sydney, which has been accepted. We are currently in our cooling off period. This duplex along with another set of duplexes was recently completed by a developer and all four have sold within a few days. We hired an independent building inspector who came and went through the house for approximately 3 hours. He documented 42 defects across the house. Although quite a few of them were due to sub-standard workmanship on the finishes there were also a few that were significant in nature (e.g. bathroom exhaust fans not leading outside, ceiling sagging (he said this was unlikely due to water though) and doors not latching etc.) and that it seemed like a "Friday afternoon job". He however marked that the building was structurally sound. The inspector took us through his entire report and highlighted how issues would've occurred and subsequently how they could be fixed. In turn we've told our solicitor that as part of our settlement agreement we'd like all of them fixed and another inspection done by our inspector to confirm the issues have been rectified. With that being said we are unsure if even then we still want to proceed. Our thinking is that if there was 42 defects identified in the areas that our inspector could see (he also was not able to get into the roof as there was no manhole. We have also requested this be put in and an inspection be carried out in there and any defects rectified) what defects lie in the areas that we can't see. In turn if something major goes wrong with the plumbing (e.g. pipe bursts and floods the house) or the electricity (e.g. something sparks and starts a fire) or something goes wrong with the slab or the frame (I don't have an example for this as I know next to nothing about building). Are we being overly cautious and this is simply part of the buying process, with these number of defects being standard or should we simply look at cutting our losses and move on? We've spoken to our parents who have both suggested that we cut our losses, however we're aware that being our parents their natural instinct with us will be to simply avoid all risk. Our concern with moving on is that firstly we really love the house, the area and the price. Also, being in the Sydney property market which is really starting to pick back up again we're concerned that if we drop this one it might be months before we find another that we both agree on and by then we wont be able to afford it. Any advice from people who have purchased homes before (particularly from wholesale builders) would be much appreciated! [link] [comments]  |
| Posted: 08 Nov 2019 05:33 PM PST We're getting ready to put our house on the market in early spring next year. It's a nice house in a great neighborhood in a big US city. Just happens to be one of those parts of the city that never got city water service, so it operates on a water well (it does have city sewer, so no septic system). We have never had any problems with the well and have it tested annually with no issues. A realtor recently came through to give us advice on what to spruce up to get ready to list in a couple months. He seemed shocked that we didn't have city water and said that would probably turn off a lot of buyers looking in this area and we may need to adjust our price accordingly. My questions for those with experience selling a house that has well water: Have you found this limits the buyer pool, or causes buyers to try to push the price down lower? Anything we can do to ease their concerns proactively? [link] [comments]  |
| Posted: 08 Nov 2019 07:43 PM PST So my parents want to help me out with the down payment on a new condo. Obviously I'm going to pay them back. But we're trying to be smart and make sure Uncle Sam doesn't screw us. At 20% of $300,000 i need a down payment of $60,000 to avoid the loan insurance fees. The gift amount before we get taxed is $15,000 per person but like from each of my parents. That only gives me $30,000. If they each gave $30,000 to get me $60,000, how does that work? Do they not tax the first 15k and then tax the rest? There's a lifetime limit of 1.4 million so do we get taxed at all? Or what if I get the mortgage with one of my parents as a co owner? [link] [comments]  |
| Posted: 08 Nov 2019 05:41 AM PST One of my rental listings has apparently been hijacked according to a potential victim to the scam. She had showed up to the address of the listing that was posted, but she was looking for an individual who claims is the property manager of the apartment. I, being the only property manager of the apartment, was unaware that anyone was interested in the listing at all. She told me that someone else was asking for a deposit up front in exchange for keys. Is there anything I can do to remedy the situation? [link] [comments]  |
| Does the vehicle I drive matter? Posted: 08 Nov 2019 07:55 PM PST I've read in a few posts that potential clients for some reason care about the agents car. I drive a 1996 white Honda accord, 4 door sedan. Scratches here and there but not a rust bucket by any means, clean interior. I personally wouldn't give two fucks what car my agent drove, but I'm just wondering. I apologize if this is a dumbass question. [link] [comments]  |
| Seller included new appliances with purchase. Appliances do not fit. Posted: 08 Nov 2019 09:36 PM PST We purchased a home where the seller had decided to move suddenly in the middle of a kitchen remodel. The listing agent told us and our agent that the sellers wanted to recoup the money they spent on the appliances as part of the sale. Ultimately, after some negotiation, we came to an agreement with the appliances included but we would be responsible for installation. There was actually a specific dollar amount attached to the appliances. Fast forward to 3 weeks after our sale closed. We initially tried to install the microwave and found that it did not fit. In fact, it was 50% larger than the cabinet space allowed. We were willing to let this go because microwaves are fairly inexpensive. Today we tried to install the double wall oven. Yep, you guessed it, the oven is too big. Upon measuring the cabinet, there is no possible way for this oven to fit. I've contacted our agent to see if we can work something out with the seller. Do we have a reasonable cause of action if the seller won't compensate us for the appliances or are we out of luck? [link] [comments]  |
| Good websites for renting out rooms and houses? Posted: 09 Nov 2019 01:08 AM PST I've posted on Zillow which sends out to trivia and hotpads. Craigslist. Cozy. I'm struggling with renting out some rooms though and I'm even open to any 100% commission based middle men 3rd party services that can help find tenant and roommates without the horrid month of no rent gap. Any recommendations? P.s. do you guys charge first and last month + deposit? And how much is your deposit on something on a empty room or house? My sister has near impossible standards for tenants and she's basically shooing everyone away. In my opinion I think the vacancies are because she's asking for far above market prices. [link] [comments]  |
| Posted: 09 Nov 2019 12:47 AM PST Hi there so a family member of mine condo unit was sold recently and her building has kitec plumbing but is unsure yet if her unit may have such plumbing as the condo is in its preliminary stages of its investigation. Now prior to her unit selling, the new buyers never inquired about kitec plumbing and hasnt seen the status certificate (that state kitec plumbing) before putting in offer with no conditions which obviously got accepted I don't know much about real estate but I'm just a bit concerned as I'm scared she may get sued once the new home buyers find out that they have to fork out $6000-$14000 to replace the plumbing. As ive been reading that the seller should have disclosed it to the buyers prior to selling. Unfortunately she didnt but told me that it was in mentioned in the status certificate so the buyer's agent should have disclosed that as the information was there. Is she right and if not will she be in trouble ? [link] [comments]  |
| Posted: 08 Nov 2019 06:28 PM PST Sorry I dont know if this is the spot to put this, but need help. I am going to buy a house soon. I know electrical work, but not as much construction work. I can't decide if I want to buy a cheap house and do the repairs as I would own the house outright within 3.5 years with fairly cheap payments. This would give me a decent amount of money to do the repairs. And most bang for my buck when we go to sell Or buy a house for 25-35k more that is better setup and live in it 5-10 years with doing minimal work and hope it's in a good enough state to sell fast. What are your thoughts/experiences? [link] [comments]  |
| Pre-Closing Due Diligence on cash offer Posted: 08 Nov 2019 05:18 PM PST Parents received a cash offer and buyer wants Pre-Closing Due Diligence This sounds like a bad deal for the sellers as its a setup to lower the price with the seller over the table. What should they watch for? [link] [comments]  |
| [CA] Can I expect my property value to go up if I can get the HOA dissolved? Posted: 08 Nov 2019 10:16 PM PST I've noticed that generally in my area homes with no HOA are priced as much as 10% more than homes with HOAs. Does this mean that if I can get my HOA dissolved I can immediately expect my resale value to shoot up 10%? [link] [comments]  |
| Posted: 08 Nov 2019 11:59 AM PST Does anyone know of a place to go where I can easily compare the basic characteristics of home loans from different services (FHA, USDA, VA, Conventional). You would think this would be a given - but i've spent 3 days trying to figure this stuff out. I called a mortgage broker and the guy just sat there asking me "any more questions?" Yes, you're suppose to be asking me questions! This is what I have so far - and this is the general gist of what i'm looking for. https://i.imgur.com/LwFV9tX.png Does anyone know if some comparison tool like this exists? How do you go about seeing the big picture before deciding on a loan? [link] [comments]  |
| Buyer changing lender wants closing date extended. Posted: 08 Nov 2019 08:06 PM PST Were currently under contract for $20,000 less than our original asking price. We were scheduled to sign on the 21st of Nov. We just got notified today that the buyer is changing banks, now cant sign until mid December. Our renter moved out the end of October since the buyers were moving in at closing. We're renting our new house until we can sell our house. If we go past original contract i will be out an extra $3,000. $2000 rent for Nov & December +$1000 for the extra month I'll have to rent. We went in contact the day we decided we were going to pull the house off the market. We figured it would be better to stay with a renter and wait till the neighbor went up in price again. We've grown our business by 37% this year and can now afford to buy the new house and keep our current house as a rental. I'm fine with keeping the house or selling I'm not fine with losing an extra $3,000 dollars on what is basically a steal for them because in April 2019 we had just Invested in making our home better. We added $3,000 tankless water heater, updated the electrical panels, and put in a $14,000 hvac system that can be controlled by phone. The end of April we were approached by my husbands uncle saying he was selling his grandparents home. And he will sell it to us for only $200,000 to keep it in the family. But needed to sell right away because his medical Bill's were pilling up. We agreed upon $1,000 rental until we can purchase. The new house is valued at $280,000 it was custom built prime real estate. The houses all down our street have been renovated and have sold from $350,000 - $750,000. Were not sure what to do. If you were in our position what would you do!? Our realtors are no help. They just want us to sign so they dont lose the sale. [link] [comments]  |
| How to get the lowest interest rate for 30 year fixed mortgage in SF Bay Area? Posted: 08 Nov 2019 07:58 PM PST I have great credit and I'm planning on putting down at least 20% down payment. However, I keep hearing of different "tricks" to get a lower interest rate. Like a jumbo loan has lower interest rate in the bay area. Which is confusing to me, since historically it should be a higher interest rate than non-jumbo. Right now I'm seeing rates for 3.625% for my loan, but I've heard/seen some rates that are 3.375% for 30 year fixed. I just haven't gotten anything as low for 3.375%. I'm already comparing 3 different banks. What else would you suggest? [link] [comments]  |
| Posted: 08 Nov 2019 07:40 PM PST |
| What does "to pay for damages" mean in a tenancy contract? Posted: 08 Nov 2019 07:25 PM PST My contract States the following: "To pay all damages for the supply of electricity, gas, water and sewerage system, other installations fitted or used at the property, and to indemnify the Landlord against the same." My understanding is that if the water pipes gets damaged, I have to pay. But the property agent tells me that "damage" means "cost" or bills of such utilities in this context. But it doesn't really sound like it. Any advice? I asked the agent if they could define "damage" in the contract so it's clear and they asked me how are they supposed define it in the contract? [link] [comments]  |
| Best lender for a FHA loan in N.J Posted: 08 Nov 2019 07:04 PM PST What's the best lender for a FHA loan in N.J. for a first time buyer? [link] [comments]  |
| Real estate holding companies and residential properties Posted: 08 Nov 2019 06:15 PM PST I'm not sure if this is the right sub for this, but I noticed something odd and wondered if anyone could answer my question. There's a house across from my apartment complex that I've taken an interest in. I've never noticed any activity in the house; no cars, no people, just a sofa visible in the large window in the front. I looked up who owned the house on our county's appraisal district site, and it is owned by a holding company with the same name as a large business in the city, which is called the last name of the business' owner. I was just wondering why a holding company would buy a house and never rent it out? Is it purely being used as an investment? It just seems like a shame and kind of unethical; it is a really cute house and seems sad without a family or anyone else in it. It's not for rent or anything and was bought a couple years ago. Thank you for any answers. [link] [comments]  |
| FL Agent Moving to Washington State Posted: 08 Nov 2019 06:01 PM PST I'm currently finishing my real estate class in Florida and will be taking the state test in a few days/weeks. My fiancé and I are planning to move from Florida to Washington state in the Seattle area the end of next year or beginning of 2021. Could anyone shine some light on Washington law and what I would need to do? How long is the class? Do you recommend a school? [link] [comments]  |
| Selling my house and have an issue with the title Posted: 08 Nov 2019 11:47 AM PST What do these mean?
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| Posted: 08 Nov 2019 05:33 PM PST Is this common? Buying a house from my friend and she is refusing to take it out of the contract. She did extend it out by 15 days (closing date is 12/15) but won't push it out further or remove the clause. My lender doesn't like it, and my cousin who is in real estate doesn't like it. I'm not being required earnest money, and she is paying closing costs and prepays. Thoughts? [link] [comments]  |
| How do people make a decent wage off cashflow? Posted: 08 Nov 2019 06:04 AM PST Been researching real estate for a few months, still not understanding how investors make their money! If the cashflow is around $100 a month for a house, I would need 30+ houses to have a livable wage from the cashflow. And that's assuming I don't refinance any properties to scale up. So how do some investors on here make a bunch of money doing this to live off of and buy luxuries? The cashflow just seems so low, and this is if everything goes right, no major repairs, Vancencies. The amount of work and risk involved in owning 30 leveraged houses for $3000 a month makes me consider buying a business instead. I'm probably misunderstanding this, can someone explain? Thanks! [link] [comments]  |
| Inspection revealed fire damage in basement and attic; advice needed! Posted: 08 Nov 2019 04:31 PM PST I am looking at a house in which the seller disclosed that the former owner said that there was a fire in the basement in the 1990s (house built in 1940s). Our inspector found some evidence of a fire with two charred boards near a basement window (he told us that to replace those, the whole house would have to be jacked up). All the electrical and HVAC has been replaced. Looks like a number of new boards in other places. The inspector then found evidence of charred wood in the attic but with a number of boards also replaced (he also chipped a little piece of wood and the char seemed surface level with regular looking wood underneath). Inspector thinks the fire traveled from the basement along the chimney based on location but can't be sure. Everything else in the house looked good (within last 5 years there have been all new windows, new roof, two remodeled bathrooms that the inspector said were high end renovations, a number of fairly expensive cosmetic things (house is completely hardwood in main floor and all floors refinished, new wood plank fence around .75 acre backyard). We're paying $55,000 more than current owner who bought it in 2012 and while all the upgrades made it seem like a pretty fair deal, it wasn't anything where we thought we were getting a fantastic deal and there was a possibly big fire or some other glaring issue with the house. Realtor suggested a structural engineer look at the house. Even if the structural engineer says that everything looks okay, is this something that you would run away from or will we have a hard time selling in the future? Thanks!! [link] [comments]  |
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