First time buyer and struggling with what to do with latest comeback from seller Real Estate |
- First time buyer and struggling with what to do with latest comeback from seller
- How many places did you look at before finding the one you wanted?
- Just received a threatening call from listing agent
- Whats the deal with the 15% withholding of sales by non US residents/citizens?
- Is Anyone able to Check "You Got Listings" to verify unethical Management Company's Claims for me?
- Help With DREAMer Client (TX)
- Best eay to utilize real estate in city centre?
- How to make myself useful to a seasoned investor?
- [TN] How do you begin a search for homes to purchase
- Interested in buying 150K home in Las Vegas, NV but unsure. Advice would be appreciated.
- Rolling Closing Costs to Mortgage. Pros and Cons?
- HELP! Which course to take.
- Inspector didn’t catch roof issue
- What are the chances of me being able to live in an apartment despite owning a house?
- Is wholesaling real estate a good way to start investing in real estate?
- Buyer Realtor red flag?
- Starting a real estate career in another state
- Starting as an agent soon, is a closing by the end of February too much to expect
- Any tips ?
- Trying to check if someone got their broker license in CA
- Online advertising or using current clients to network for potential new clients?
- What is a studio apartment/bachelor suite like?
- Getting a mortgage on a new income.
- What are the risks of smaller mortgage companies?
| First time buyer and struggling with what to do with latest comeback from seller Posted: 29 Nov 2019 08:21 PM PST We are moving to a tiny coastal town, from the market you can see that it's normal houses are on the market for over a year. The house we want is no exception. It's been on about 18 months, was originally listed it $795k > $780k > $765k > $750k. We have offered $710k. He came back with $735k - our real estate agent said he's almost certainly not going to budge and it's still a good price, but I think I should negotiate lower, no? We don't want to go higher that 725k (bare in mind it's only had 2 offers this entire time.). What should I do? [link] [comments]  |
| How many places did you look at before finding the one you wanted? Posted: 30 Nov 2019 12:29 AM PST I've been looking for a while - with an agent for less than two weeks. We much have seen 15 places and I found one I loved. Made an offer - the seller went with someone who placed an earlier bid. I'm back to looking and sent the agent a list of 10-12 places I want to look at. They told me it's 'too many and to pick five' - I think that's bullshit. I'm obviously not going to buy something just because I've seen it and will gladly switch agents, but I guess I'm seeking validation that I'm not being a crazy person & trying to find out what the norm is. I'm also doing all the homework and finding listings in my own (tying this out also is making me realize maybe this guy sucks) [link] [comments]  |
| Just received a threatening call from listing agent Posted: 29 Nov 2019 07:49 AM PST PA Realtor here. Yesterday, I did a walkthrough on a property under contract to get an idea of what type of homes are in that area. I used ShowingTime to schedule it as it was listed as a Go&Show. I just got a call from a Listing agent demanding to know why I went inside his listing. I explained that I was in the neighborhood and I wanted to see what's available. I'm new to the area and I'm trying to get an idea of the different features of houses in the vicinity. He was not at all happy about that... he accused me of trying to "fuck up his deal" and said what I did is illegal... even though I received notification that my walk through had Been confirmed. I'm new to being a realtor and still working towards my first sale. I'm waiting to hear back from my broker. Do I have anything to be worried about? I can't find any rules that I've broken. [link] [comments]  |
| Whats the deal with the 15% withholding of sales by non US residents/citizens? Posted: 30 Nov 2019 03:04 AM PST Is it a straight up tax or do they get it back somehow. A straight up tax would most probably make it a bad investment. [link] [comments]  |
| Is Anyone able to Check "You Got Listings" to verify unethical Management Company's Claims for me? Posted: 30 Nov 2019 02:46 AM PST Hello, I'm in a complex situation with a management company I'm contracted with and I'm fairly certain are lying to me about listing a unit of mine for rent as they are highly inept and have shown massively unethical business practices. They claim it's been listed on "You Got Listings". I don't believe that the unit is listed at all, but cannot verify this as I don't have access to this site/service. I'm in a situation where they have a legal duty to list this property. I can explain further in a dm if necessary and provide the address of the property. Would anyone be able to verify whether my property is actually listed if they have access to this site? I would only request a screenshot (with all possible personal identifiers of yours redacted) and wouldn't identify you at all if you were able to provide me with this help. Thanks for reading. [link] [comments]  |
| Posted: 29 Nov 2019 04:01 PM PST Last fall, I had a buyer sent to me by a trusted lender. They were pre-approved and ready to go, using an FHA with downpayment assistance. At the time, the market was difficult and finding homes in their price range was tedious. Around Christmas, they decided to put it off for a year in the hopes that they could save up some money and try again this year. In late October, he called and said they were ready to jump back in. They got back in touch with their lender and we were given the go-ahead to start looking again. We've shifted into a buyer's market, interest rates are great, everything looked perfect. We found a house last Friday, but because they were traveling to Mexico for the holiday, he asked if they could have time to talk about it. I knew it was probably safe to wait, it's a neighborhood with a dozen homes for sale, each with over 100 DOM, agents offering all kinds of incentives to get them sold- now I'm glad I agreed to wait on writing an offer. Today, I received an email from the lender that essentially said, "oops, my bad- I forgot to verify his citizenship, he's classified as C33 and not a permanent resident alien." He gave us no alternatives, basically just said "sorry, out of luck." I have been "in the business" for five years, but only flying solo just short of two years, so this is a first for me. Most of the info I've come across today says they can only use a conventional loan, but I've also come across conflicting info that says there are ways around it. I am absolutely livid. I'm angry with the lender and I'm angry with myself for not thinking to ask. I just want to fix it. I'd like to know what our options are. The lender left me to break the news to them, so I'd like to be able to go back to them with a "hey, we can't do this, but we can try this." They are going to be absolutely heartbroken. Has anyone dealt with this scenario before, do you have any advice, or are we totally out of luck? TIA for any helpful advice. [link] [comments]  |
| Best eay to utilize real estate in city centre? Posted: 30 Nov 2019 02:11 AM PST l, Hope you are well. I'm looking for best ways to utilize my parents real estate basement and few flats. FYI two flats will convert to airbnB houses as its profitable in my area. However there is like a 100m2 of basement space thats completely not being used. I probably could utilize anywhere from 30 to 50m2 for a business/lending services. Except ive got no clue how to find such a niche. F.e. a dentistry office is too expensive for hygiene requirements. Storage - don't think its profitablr enough. Massage parlour - maybe? Beauty salon - uncertain. Hotdesks? - there are windows but Im sur hotdesks need more sunlight. Hostel - too loud not enough space I presume. The property has its own yard and its located in the city centre, based in east/north europe seconf largest city approx 300-400k population with a growing economy everyday(IT sector particularly). Any idea...? I will.be taking a loan for such thing between 20-40k. Labour and parts is still at reasonable price. [link] [comments]  |
| How to make myself useful to a seasoned investor? Posted: 29 Nov 2019 09:48 PM PST Hey guys i'm looking into real estate and researching all the different strategies and ways people make money. I'm preparing to become an investor once i'm 18 and I can find a good deal. It seems evident to me that I need to find people in my local area who can help me learn In other words Mentors. I plan on attending my local monthly meetup starting wednesday. Does anybody have any ideas on how you can be useful to a seasoned investor who you could learn from. This is what has entered my mind so far. 1 Offer to take phone calls from tenants of a few units and give notices of certain things acting as property manager LITE,2 Offer myself as a labor hand removing trash from a rehab getting supplies from a hardware store like lowes,3 Send them deals or try to find some to forward to them. I'll ask some people what I can do at the meetup what I can do for them. What are your ideas? [link] [comments]  |
| [TN] How do you begin a search for homes to purchase Posted: 30 Nov 2019 12:37 AM PST I make 50k at 27yo with no children and hoping to make more come new year credit is 594 for now as i have to pay off $500 in a old medical bill..how do i go about finding how much home i can afford and also where to look if i want a specific price range (100-170k) in my area or surrounding cities...i know credit is bad but thats literally my only debt evee so it should improve quickly once payed....also looking to use the FHA and Tn first time buyers downpayment assistance [link] [comments]  |
| Interested in buying 150K home in Las Vegas, NV but unsure. Advice would be appreciated. Posted: 29 Nov 2019 11:54 PM PST Hi, I currently live in a 2 bedroom, 1 bath apartment with my mom and brother. The house down the street just went on sale about 1 week ago or so for ~150K $ and is a 2 bed 2 bath home. The estimated monthly payment is said to be ~575$, which is on par with what we pay rent for now. Even though the outside is a bit so-so, the inside of the home looks remodeled and its a lot of open land. We think it would be worth it to give it a shot, but unsure what else we need to think about... this would be the first time I would be owning a home. And it wouldn't be a "forever" home... but at least we would be paying towards owning something. Would this be stupid? I'm soon to have a fixed income starting January, which is also a plus. Any sort of advice would help. Just wanted second opinions. Thank you. [link] [comments]  |
| Rolling Closing Costs to Mortgage. Pros and Cons? Posted: 29 Nov 2019 11:50 PM PST Pros: No need of down payment Cons: Makes you pay interest However, my lender suggested that by rolling closing costs into mortgage, my purchase price will be bumped by x+closing costs. Now, is this a good sign for me down the road? If i want to sell my house similar to my neighbor, i might need to put an ad for higher price since my purchase price went higher. Is this a good idea to pursue? Any other downsides? [link] [comments]  |
| Posted: 29 Nov 2019 07:54 PM PST Im currently taking practice and principals, which other course should i take as my 3rd ?? [link] [comments]  |
| Inspector didn’t catch roof issue Posted: 29 Nov 2019 05:16 AM PST We have some shingles blow off and I decided to do a roof replacement. Our insurance policy is covering about $4500. To our surprise, the roof has 6 layers of asphalt on top of cedar Shake. Cost will be around $13,000 for a full tear off. We bought the house in December of 2015 and the inspection report said that it has two layers of asphalt shingles. Is this something that the inspectors errors and omissions policy would cover or do I have any recourse for this? Thank you [link] [comments]  |
| What are the chances of me being able to live in an apartment despite owning a house? Posted: 29 Nov 2019 11:45 AM PST This is just a speculation as I do not own a home yet. I would like to buy a home for my mother who is unable to buy for certain reasons but has the means to buy. However, I don't think I would like to live in this house with her, simply just put my name on it for her to have. I'm assuming there are some legal issues with this. Is there anyway for me to possibly gift the house to her, or for me to live separately from the house with a lease for an apartment? I would appreciate any advice on the situation. Extra info: my mother is diabetic and is 55. I'm not sure but I'm assuming that this affects the mortgage, in case I sign a mortgage for 30 years. [link] [comments]  |
| Is wholesaling real estate a good way to start investing in real estate? Posted: 29 Nov 2019 03:29 PM PST I have been very interested in investing. I see a lot of people talk about wholesaling Im not sure if this is one of those get rich schemes or what but I don't have much money to buy and flip property. What are the risks with wholesaling and is that an ideal way for a beginner to start investing? [link] [comments]  |
| Posted: 29 Nov 2019 06:48 PM PST We're first home buyers working with a realtor our mortgage broker recommended. So far the realtor had been very enthusiastic and responsive when showing a few homes. They agreed we had a decent price range for what we were looking for and the last time we met they sounded very confident they'd be able to nail the next showings. For the past couple of weeks, however, they became unresponsive to the day of the week we usually tour houses. We spent the day waiting for their response after 3 emails and not a single yes/no. After a week, we sent them a final email asking if they still wanted to work with us and they brushed off the previous emails and said we'd tour some more houses this weekend. Is this a red flag? They've also sent a repeated house listing that we had already said no to. Does this show lack of commitment from their part? This definitely left a bad taste for this realtor but I'm trying to gauge whether this is likely a honest mistake or a red flag? Should we go to a few more tours with them before we can make the decision? Thanks! [link] [comments]  |
| Starting a real estate career in another state Posted: 29 Nov 2019 06:32 AM PST Hello Real Estate Kings and Queens, I'm getting ready to graduate from university here this summer (M21) with a degree in digital marketing. I've enjoyed working in large and small business settings for other people, have some clients that I market for (freelance digital marketing), but have found that my ambitions are not suited to your standard 9-5 office job. I live for the hustle and the grind. I've been shadowing a successful local real estate agent in my home state area, Michigan, to test the waters in this career path and I'm sure this is the route for me. This kind of work is what gets me going, and I'm super excited to have found it. However, I don't want to spend my life here in Michigan. I'm looking to relocate to the Tempe/Mesa area of Arizona, and I am wondering what hurdles any of you agents or realtors have encountered becoming an agent in a state where you don't have near the same sized sphere as you do in your hometown, for example. How did you break the barrier in a new location? What worked, what didn't? Any advice or insight is much appreciated! [link] [comments]  |
| Starting as an agent soon, is a closing by the end of February too much to expect Posted: 29 Nov 2019 05:48 PM PST Testing in a week and will be with a pretty well-known firm with outstanding training. I just moved here so sphere is quite small. However, I am wondering how realistic it'll be to get a closing within, say, the first few months. Ive heard stories of agents going 8 or more months starting out. The brokerage manager said that she did ten sides her first year but that new people, at their location, seem to do 2-3-4 right out of the gate, then stagnate due to a lack of focus on lead generation. All that to say, Im wondering how much of this is up to chance and how much directly related to lead gen, farming, networking and associating as much as possible. I have exactly six months of savings and am hopeful to get a side, or closing, by the end of February, or roughly 11 weeks in. May be a bit hopeful. Not sure though. In Northern Colorado if that matters. And my background is a single house-flip I did myself. [link] [comments]  |
| Posted: 29 Nov 2019 12:01 PM PST Im 19 and currently taking my real estate courses online. I should be done by around February. Once i get my license hows the best way going about finding someone to be an assistant for ? What should i look for in a person , should i find someone that does pretty high listings on a regular basis ? Im super new to all this. [link] [comments]  |
| Trying to check if someone got their broker license in CA Posted: 29 Nov 2019 03:43 PM PST So i checked a real estate agent who told my friend that he passed his broker exam in march 2019 , however today when i looked him up in the CA department of Real Estate his license is still showing as a salesperson. is he lying or does it just take a long time for their license to reflect as a broker? [link] [comments]  |
| Online advertising or using current clients to network for potential new clients? Posted: 29 Nov 2019 11:23 AM PST I'm not in real estate yet, but I'm studying to get my license. While I'm taking my courses, I thought it would be good to speak to different real estate brokers in my neighborhood. We talked about selling – how they got their clients. Both of the real estate brokers I spoke to said most of their income is based on referrals. In the age of the Internet, I was surprised. Experienced real estate agents, do you rely more on referrals or online marketing? [link] [comments]  |
| What is a studio apartment/bachelor suite like? Posted: 29 Nov 2019 05:16 PM PST |
| Getting a mortgage on a new income. Posted: 29 Nov 2019 06:12 AM PST Me and my wife make 200k but my part of the full salary is fairly new. Gov job that I started off two & half years ago (however 5 years of continuous service) at 40k and now make 150k. With things like an sf-50 that show salaries how easy is it to get a mortgage for say 400k and 5-10% down. [link] [comments]  |
| What are the risks of smaller mortgage companies? Posted: 29 Nov 2019 08:07 AM PST I have always just used the big banks and had no issues. However I want to know whether there are any risks to using a small mortgage lender. What to look out for etc. The mortgage would be in Ontario Canada. [link] [comments]  |
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