Find out less than a week before closing of delays (Wells Fargo) Real Estate |
- Find out less than a week before closing of delays (Wells Fargo)
- Reminder: Redfin estimates are weird and stressful and honestly stupid. Don’t worry about them.
- Mortgage free smart?
- How much house would I qualify for?
- First rental
- [CA] Downpayment with funds borrowed by someone else?
- Mom owns a home worth approx. 530K, what to do with it?
- If my dad has bad credit then can we use mine?
- How to propose to buy the house I'm currently renting? Atlanta, GA
- Buying an old vs newer house?
- Moving without seeing rental
- Want to go back
- How to advertise your property that's on the market?
- Previously Burned Down Property, Wanting To Sell But There Cannot Afford Rebuild. How much do you think I’d get?
- What should I do ? A big house or two smallers
- What's up with Redfin's charts? They seem screwed up.
| Find out less than a week before closing of delays (Wells Fargo) Posted: 28 Nov 2019 12:48 PM PST Bought a house in NC, for weeks I was checking in with the mortgage guy to make sure nothing would be delayed, etc and he said "we're right on track" and "no news is good news". We are now supposed to be closing on Wed. Dec 4, he calls me at 4:59pm on Wed night (before long Thanksgiving weekend) and tells me closing is going to be delayed because they can't get in touch with title company. Apparently they've been calling the wrong number for weeks and just now decide to tell me. I had furniture, movers, utilities, etc all scheduled for closing day or a day after. Not to mention I apparently lose thousands of due diligence money if the closing is delayed. We didn't have due diligence in the state I'm coming from so I'm not sure if there is any way around it. I'm beyond angry, since I've been in contact with him for weeks asking if there are any issues that would delay closing so I could start working on them. I'll never use WF (or a big bank) again after this. Definitely getting the "you're just a number" feel throughout the entire process. Do I have any recourse if we lose the due diligence money because of this? Like so many other people on here, my Realtor warned me against using Fargo for the mortgage for this exact reason, but I've been with them for 20 years and just figured it would go smooth because of my history with them. [link] [comments]  |
| Reminder: Redfin estimates are weird and stressful and honestly stupid. Don’t worry about them. Posted: 29 Nov 2019 12:26 AM PST Just a new homeowner here in the last year. Wanted to post and say that I spent a lot of time using sites like Zillow and Redfin trying to find the best home to buy in the Bay Area where I wanted to live. Then I spent 6 months tracking my estimates on these sites, wondering if I made a bad decision, etc. I dunno. Usual new homeowner concern I guess. I saw my Redfin estimate had gone down by around 100k in 6 months (from 1.25 to 1.15) and it was stressing me out. I started looking at comps in the area and realized these estimates must be garbage. A nearby home just sold for 1.35M with 50 more square feet and looks just as updated. In fact, the neighbor two doors down that's house and lot is almost a replica of mine is valued at +100k... they're 200 feet from me and on the same street. Just felt I should post a reminder for new home owners and would-be investors that these estimates are completely darts on the wall. In the general vicinity.... but something tells me me something is crazy goofy in their system. [link] [comments]  |
| Posted: 28 Nov 2019 04:14 PM PST I know everyone's situation is a little different so I'll explain a little and have you guys jump into my shoes for a sec. I bought a fixer upper in Hawaii 2 years ago, a year after being stationed here on behave of the Airforce's needs. I fixed it up and rented it out to some of my military buddies during the time. I met my future fiancé here in Hawaii as well and we are doing the exact same thing with her townhouse. We live in her place now and we fixed it up nice too. So now we have two properties in which together, we hope to take home about 150k once sold from what our real estates agents have said and by checking out the near by comps. Fast forward to today, I'm getting medically discharged by the military because of my bad back condition and my girlfriend is voluntarily getting out too in hopes of pursuing her IT career. We love to save money so we have some nice cash stored away and other than buying our town homes, we don't invest because we don't feel educated enough to do so. Well now we are looking at Tennessee because well it's cheap, nice for us to live at and yeah... cheap. With the money we have saved up and the money we hope to get from our townhouses, we kinda want to cash in on a place in Tennessee and live mortgage free. We believe that would be true freedom. We could pick up some part time jobs and just pay bills and have more time to enjoy ourselves at home with no stress at all at a very young age. But... something tells me we could do much better in this world, be able to afford getter things and experience more. Idk... what do you investors think? I'd love some outside opinions from investors and those in pursue of passive incomes and such. I know we like nice cars and big houses like everyone else, i mean who doesn't want to have them but freedom seems to be knocking at our door and that makes us think long and hard about our possibilities. [link] [comments]  |
| How much house would I qualify for? Posted: 29 Nov 2019 03:11 AM PST I make $92k annually and my monthly Bill's are around $700 (car loan, student loans and car insurance). Based on this info, can you give me a ballpark figure. Also, for the record, I'm one of the cheapest counties in the SF Bay Area, a decent home here costs around $450k. But I highly doubt I'll be approved for that much. I want to get an idea before starting to do the "real work". [link] [comments]  |
| Posted: 28 Nov 2019 08:54 PM PST Just going till make things simple. My wife and I want to buy a new house. We're currently living in our first home that we purchased roughly 3 years ago on a va loan with no down payment. The home was bought for 140k, since the neighborhood had filled up, homes in the area go for around 160ish. The new home we want is 190k. Trying to find a way to make it work is proving to be tough. Due to our lack of fu ds in savings and checking (probablycan't put anythingdown). Mainly because I really want to keep the first home and rent it out. (In a new subdivision 10 from a large air force base) I have very little knowledge on how these things go. But what I'm thinking is we have 1 of 2 options. Refinance first home, and use escrow to put down payment on new home? Or refinance with a new bank to clear up my VA benefit so that the VA will approve the new loan? Get a signed lease for original house to show it as income before attempting to get new loan? Additional info: First home loan from VA that we got, I was the ONLY income. Now my wife works full time and makes an additional 30k/year. If there's more info I need to add that could maybe give me more options or something that is going to negate the options that I think I have. Please share, I'd really like to learn as much as possible about this [link] [comments]  |
| [CA] Downpayment with funds borrowed by someone else? Posted: 28 Nov 2019 04:40 PM PST Hi there, just had a question about downpayments. I understand that most lenders do not allow or are wary of downpayments where some part of the downpayment is borrowed by the borrower. In my situation, I received a gift from my parents. The gift itself came from a loan my parents took out and are paying off. (I am not on the loan.) Is this something that will cause an issue with lenders? I deposited the gift funds several months back and I am currently in the process of purchasing a property. I am approaching the end of my loan contingency period so I just wanted to know if this is something that could cause an issue. Thanks in advance for any advice and Happy Thanksgiving to everyone. [link] [comments]  |
| Mom owns a home worth approx. 530K, what to do with it? Posted: 28 Nov 2019 06:34 PM PST My mother owns our childhood home, where she lives by herself after my dad's passing. Single family home: 2,100 sqft, 4 bed 2 bath, built in early late 1990's. Neighborhood zip-code: 95382. The home is valued at about 530K. The home is just to big for 1 person to be living in. My mom wants to purchase a smaller home that she can live and retire in. My questions is, what should she do with the home? The only two options would be to sell or rent, what would be the benefits for her to do either-or. Tax pros & cons, etc. Are those the only two options? What are your guys thoughts. Thank you in advance. [link] [comments]  |
| If my dad has bad credit then can we use mine? Posted: 28 Nov 2019 06:52 PM PST We want to move to a apartment. I'm thinking we use my name for the lease but he pays the rent [link] [comments]  |
| How to propose to buy the house I'm currently renting? Atlanta, GA Posted: 28 Nov 2019 04:29 PM PST I'm currently signed for a one year lease in my house, starting from this past October. I know the owner was trying to sell it for the past two years and just this fall put it up for rent because nobody would buy it. I would have bought it if I could, but I had no clue how to buy a house and I needed a place pretty quickly in October. The owner said he was willing to discuss a sale whenever I want. How do I go about getting this done? Should I go back to the realtor that dealt with this rental listing or would that be a conflict of interest? I have a realtor family friend but her area is outside the city and when I asked about getting help for this, she seems unsure. And can someone explain seller financing and if that's a good idea here? I might not get approved for the full mortgage. [link] [comments]  |
| Posted: 28 Nov 2019 02:54 PM PST Is it better to buy an older & cheaper home in Cali (1950-80s) or should I wait it out and buy a newer home (1990s-up)? Any advice? What are the pros and cons? What should I look out for? Thx! [link] [comments]  |
| Posted: 28 Nov 2019 02:20 PM PST My wife and my 1 y/o are moving from Washington state to Chicago in a month for work reasons which does not give us a lot of time. We have been using Truila to look for town homes to live in. Because of personal and work reasons we are unable to physically see any offers we ask about. Best bet for us right now seems to be Skyping the realtor renting the property to us however it doesn't really tell us how nice the neighborhood or community is. We also feel like we'll miss something we don't like while we are Skyping. Is there any advice or tools we could use to ease our decision making process? [link] [comments]  |
| Posted: 28 Nov 2019 06:40 PM PST Is it possible to reassume a loan on a house after It had already been assumed by a realty? [link] [comments]  |
| How to advertise your property that's on the market? Posted: 28 Nov 2019 02:27 PM PST Hi Everyone, I'm new to the real estate market and would love to open up a discussion on some strategies on marketing my property. it's a home in Long Island NY, 4 bedrooms 2 baths, garage, and basement. I'm thinking of using social media ads like Facebook and target people who I think may be interested in the home, but what are your thoughts? Any advice that can be given would be much appreciated. Thanks! [link] [comments]  |
| Posted: 28 Nov 2019 10:17 AM PST My house burned down and I never rebuilt it. The foundation and part of the garage is still on the land. It's about 25,264.8, with a fenced backyard. If I was to sell it how much do you think I'd get for it? Am I better off rebuilding a home there (I have not enough money for this and I am in a desperate time which is why I'm asking if I should sell it) Are there people who would demolish what is there for free and help me sell it? [link] [comments]  |
| What should I do ? A big house or two smallers Posted: 28 Nov 2019 05:40 AM PST Okay so basically i got a certain amount of money that I was putting on the side for a while. Now that I feel that I have enough I was planning on buying a house. I do not really intend to go live there right now since I'm still studying. So I was wondering, economically speaking if I wished to make some money from renting the house would it be better if I take one big house or 2 smaller ones in different countries. Also since my objectif on this is to have a secure long-term revenue while at the same time an asset on my name, I was also thinking about doing something else with my amount (stock, bonds...) before investing in real estate. I am really not experienced in this and the decision feels huge for me Thanks my fellow redditors [link] [comments]  |
| What's up with Redfin's charts? They seem screwed up. Posted: 27 Nov 2019 07:38 PM PST I've owned a house for many years (well, the bank owns a lot of it too, actually) and track it's estimated value using Redfin. I have a spreadsheet history that I update each month going back years. But there's this weird bug I noticed where the estimated value gets retroactively changed. For example, in January 2018 Redfin estimated my house at almost 2.3M. It was approximately 2.3M for several months -- before and after January -- so it was pretty stable and not some error on my part where I might have written down the wrong number one month. But now if you look at the chart for the same time period around Jan 2018, Redfin has an estimate of approximately 2M. The value has fallen recently (per their algorithm) which is fine and probably accurate. But they're not only adjusting the current value, but retroactively decreasing the historical value. It's not really a problem for me for any practical reasons, but it just seems bizarre. It was worth what it was worth back then (and I know the original estimate back then was pretty accurate based on comps at the time), so why are they messing with the history? [link] [comments]  |
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