Appropriate gift to very accommodating sellers? Weird or nah? Real Estate |
- Appropriate gift to very accommodating sellers? Weird or nah?
- buy a house with bed bugs?
- When applying to rent an apartment with multiple leaseholders--if one leaseholder is denied do the rest get denied as well?
- Where can I find data on ....
- Buying with Opendoor
- Is HOA Fee the same as Maintenance Expenses? (Hawaii)
- Shadowing a real estate agent
- When an non US resident wants to sell property - what should he/she consider
- [NOLA] 1st Time Home Buyer, Capital Gains Quandry
- why does realtor.com indicate my home has sold twice since I bought it? it hasn't been listed or sold in that time.
- No Certificate of Occupancy on 115 y/o home?
- Splitting utilities 3 ways in a duplex. Is there a way without adding 3rd meter?
- Most valuable skill a realestate agent can have?
- Most reliable home affordability calculator?
- A relatively balanced article on fsbo vs agent.
- best and highest offer?
- Renting vs Buying
- Snow removal
- Asking for advice - buying a home
- Renting situation lease agreement advice.
- Run down house - No longer trust agent
- Real estate commission
- New Construction (Dirt to Home) - Loan Process
- Exiting real estate industry
- [Florida] Electrical repair issue in residential rental - looking for advice
| Appropriate gift to very accommodating sellers? Weird or nah? Posted: 03 Dec 2019 02:06 PM PST So, my husband and I are in contract for a home (the third one in ~6 months) and we are in love with the place. The sellers have been freaking awesome (no counter offer, they are paying closing costs, they agreed to everything in the remedy request, ect) they have even volunteered to fix things that we didn't ask for, but inquired about, like if they have ever had their septic system inspected and looked into installing risers. Recently we found out there were a few things we need to fix before we can get our USDA loan. Today a received a text message letting us know that they rebuilt the deck steps and installed a handrail. The fact that they did 2/3 fixed VOLUNTARILY is amazing. We are going to the house on Saturday to paint the shed and we will meet them. How do we thank them? [link] [comments]  |
| Posted: 03 Dec 2019 05:06 AM PST I have a house under contract and the inspection came back showing bedbugs. The house is mostly vacant except for one bedroom where a family member is staying. I was thinking of having the seller remove the carpet, and get the family member and all of his stuff out and then treat. Would that get rid of the bugs or should I pass on this house? [link] [comments]  |
| Posted: 03 Dec 2019 10:10 PM PST Myself & my husband, my younger brother & his girlfriend, as well as my mom are applying for a 3bd 2ba. Myself & husband in one room; my brother & his gf in one room; and my mom in one room. All of us applied as leaseholders except my mom (she applied as an occupant). My husband and I would be approved without a doubt--however my younger brother and his gf have adequate income but no rental history. My husband and I would be approved without their income or credit, but we wanted to add my younger brother and his gf so that they'd get rental history for the future. I am wondering if my brother and his gf get denied as leaseholders (not due to criminal history but rental history); would that affect the entire application as a whole? In other words, if they get denied, will myself and husband get denied, too? And if that's the case, would it be possible to add them as occupants instead of leaseholders in order to obtain the apartment? [link] [comments]  |
| Posted: 04 Dec 2019 12:55 AM PST Is there a site, or a place I can go to and/or purchase data on how much home insurance premium is vs the price of the home? Thanks. [link] [comments]  |
| Posted: 03 Dec 2019 08:51 PM PST I know there are a ton of threads here about Opendoor but nothing in the last few months that I can find. I'm located in Atlanta and have found "the" house. Unfortunately, it's listed with Opendoor. I managed to get in contact with the original owner, who lived there from the time it was built in 1992 until about two months ago, so I know basically everything wrong with it (the old homeowner had nothing to lose in telling me everything she would have had to fix if she hadn't sold to Opendoor). From what I can tell, if you buy without a realtor, you can score a better deal but might get screwed. I've watched a lot of these homes go for way below Opendoor's original asking price after sitting on the market for a while. This one has been on the market about 3 weeks with no mark downs so far. Anyone have some advice or an experience to share that could lend some wisdom? Thanks!! [link] [comments]  |
| Is HOA Fee the same as Maintenance Expenses? (Hawaii) Posted: 04 Dec 2019 12:16 AM PST https://www.zillow.com/homedetails/1630-Liholiho-St-APT-608-Honolulu-HI-96822/82467166_zpid/ I was looking at this condo and in the Other section it has "MaintenanceExpense: 655.16" but the HOA Fee is already $468/mo. Does that mean I have to pay an additional $655 on top of the $468? In the Estimated monthly cost section is says the total cost is $1,015 broken down by: Principal & interest $472/mo Mortgage insurance $0/mo Property taxes $31/mo Home insurance $44/mo HOA fees $468/mo I don't see the Maintenance Expense included. I was wondering if buying this condo would be worth it, because renting an apt smaller than the condo in my area would cost about $1400-1600 a month. But if I were to buy this condo my monthly payment would only be $1015. That's if the "Maintenance Expense" isn't included however... This listing is a little confusing and I don't see the "Maintenance Expense" included in other condos in the area on the same site. Can someone clear this up for me? Thanks. [link] [comments]  |
| Posted: 03 Dec 2019 05:55 PM PST Is it common or even possible to Shadow a real estate agent without having a real estate license? Real estate sounds like something I would be interested in, but I want to experience and find out for sure before I spend all of that money on getting a license. [link] [comments]  |
| When an non US resident wants to sell property - what should he/she consider Posted: 03 Dec 2019 11:50 PM PST WA state.. Hypothetical situation..Son wants to transfer his home which is free and clear to mother as a gift .. Mother is US citizen but not a US resident at the moment..she visits US but does not reside for more than a month... Now after become the owner of son's home ..if she wants to sell what type of taxes she needs to be concerned ? I understand capital gain...what else...? Please note she is not US resident for tax purposes [link] [comments]  |
| [NOLA] 1st Time Home Buyer, Capital Gains Quandry Posted: 03 Dec 2019 07:51 PM PST I have a unique situation I can't seem to figure out based on the IRS website's information. Here are the details:
Here are the questions: Q1. Can we receive a Partial Exclusion on the Capital Gains Tax for the sale of her Mother's Home? It seems the residency requirements prevent us from a Full Exclusion. Q2. Does our transaction - (selling an inherited property (used as rental) to purchase our 1st home (with an adjacent rental property) - qualify under the 1031C exchange? Our CPA is telling us that we are going to owe 10K before the end of the year. I am not sure if this is accurate. Any help or response is appreciated! [link] [comments]  |
| Posted: 03 Dec 2019 04:22 PM PST and is it something i should be worried about? the most recent "sale" is for half the home's value. [link] [comments]  |
| No Certificate of Occupancy on 115 y/o home? Posted: 03 Dec 2019 09:41 PM PST Thanks in advance for all comments. So I'm in the pre-contract phase of purchasing a legal two-family home in Town of Hempstead, Nassau County, NY. The home is currently assessed as, and being taxed as a two-family home. It is currenty listed as legal two-family on my local government's online property search. My agent went to town hall and found that the home has no certificate of occupancy because one was never issued since the house was built before they were required. So the house has NEVER had a C/O. The house has been sold successfully several times over the years. At some point in the last 115 years it was converted to a legal two-family home and the tax assessor is very aware of that, but again this was somehow done without a C/O. Everyone has been very clear on the fact the the house has never had an original C/O. There is a full finished basement with full bath, which again doesn't have a C/O either since the entire house doesn't have one. I want to buy this house but I need some unbiased opinions. It would be an as-is sale. I plan on doing some kitchen and bathroom remodeling and upgrading the electrical and hot water heaters, which I know will require permits. I can't really afford to pay both my monthly rent AND a large mortgage simultaneously for several months if this turns into an issue. I already had a home inspection done and there are no major issues but if I have to walk having only lost $685 for the inspection I'm fine with that. Thanks again for any comments. [link] [comments]  |
| Splitting utilities 3 ways in a duplex. Is there a way without adding 3rd meter? Posted: 03 Dec 2019 07:43 AM PST So the electrical is split 2 ways in a duplex that I am renting out. The problem is that there is a common area with lights and a furnace that heats both units. In order to make it fair, and avoid having one tenant pay for the electricity that runs the furnace, along with the lights, i'd have to add a 3rd meter just for me. The quote ingot for adding another meter to do all that is way more than what it is worth. The duplex is an older inner city rental, and spending so much money in order to avoid charging the tenant $20 extra per month is just not worth it. Are there any other ways that I can legally split it up? Inside meters? I know the city frowns on having tenants pay for utilities that are not theirs, and could result in a fine or worse. I'm trying to make play by the rules, without spending 2k to add a meter. [link] [comments]  |
| Most valuable skill a realestate agent can have? Posted: 03 Dec 2019 05:18 PM PST What is the most valuable skill that a real estate agent can cultivate, and use on behalf of their clients? [link] [comments]  |
| Most reliable home affordability calculator? Posted: 03 Dec 2019 02:07 PM PST I was using a few home affordability calculators, e.g., NerdWallet, to see how much house I can afford, and the numbers seem to vary so much. They are so different that one calculator says I can afford 60% more than what another calculator suggests. In your experience, which calculator has been the most reliable? I'm a first time home buyer and trying not to be house poor. I can provide more details if it helps answering better. [link] [comments]  |
| A relatively balanced article on fsbo vs agent. Posted: 03 Dec 2019 10:18 AM PST |
| Posted: 03 Dec 2019 07:30 AM PST I put an offer on an approved short sale that has been on the market for 258 days and is about to go into foreclosure. I put the offer in on a Sunday. As of Saturday, the selling agent told my agent there were no offers Come Monday morning at 8:45am... the seller emails my agent to say that multiple offers came in over the weekend and to give my best and highest offer by 11am. This left a whole two hours and 15 minutes to make an offer. I was at work and wasn't able to check my phone until 1030 where at that point I chose to stay put on my offer, bevause this sounded fishy and because if it was true I was okay to lose the house to someone offering more. My question is, are selling agents allowed to say there are multiple offers if there are none? It seemed strange to me there were no offers for 258 days yet multiple on the same day i made one. My realtor told me if I increase and bought the house, the seller would have to provide proof of the other offers, legally. Is this the case? Thanks for any help! [link] [comments]  |
| Posted: 03 Dec 2019 11:23 AM PST Apologies if this has already been asked. I tried to search for this but couldn't find anything (I'm on mobile) So I currently live in LA and my share in rent is about $15k in rent a year. I was wondering if buying a condo would be a better idea than renting. I'd look to buy a 2br (10-20% down payment), rent the second room out to friend, and stay for 2+ years. I know renting has benefits such as not worrying about repairs, home expenses, and flexibility to move out whenever I please but think buying would be more beneficial. If I buy a place and live in it for a few years, even if I sell at a loss it is hard to imagine I lose more than I pay in rent. In addition, property taxes and interest would be tax deductible as I would itemize. If I generate a gain it would most likely be tax free. Is there anything I am missing when considering renting vs. buying? [link] [comments]  |
| Posted: 03 Dec 2019 07:41 AM PST Just bought a house in eastern ma; scheduled to close on Friday. Got a snow storm of about 8 inches or so today. Should I count on the seller taking care of the driveway where he still owns the house? Don't want to be moving furniture on a sheet of ice. Thanks [link] [comments]  |
| Asking for advice - buying a home Posted: 03 Dec 2019 05:42 PM PST Hello all! I am under contract to sell my house. I have found the perfect place to buy and decided to set up a tour. I am scheduled to go on Thursday and do not have a buyers agent or realtor. I contacted the listing agents office to get a walkthrough. My questions: *Will I be obligated to use the agent showing me the home as they work for the seller? *Can I still find a buyers agent should I want to make an offer? *How do I find a good agent in the area I want to buy? It seems overwhelming. *How much is too low for an offer when the house has been lowered $20,000 and on market 140+ days now? It is a unique property so comps are very hard to find. Thank you! [link] [comments]  |
| Renting situation lease agreement advice. Posted: 03 Dec 2019 05:36 PM PST I own a house with a separate living space (whole set up bath and kitchen and a room) I found a roommate and we wrote a quick lease. Didn't really work out and shes leaving early. As the homeowner what's my legal responsibility considering the security deposit. They're leaving early. [link] [comments]  |
| Run down house - No longer trust agent Posted: 03 Dec 2019 05:34 PM PST I have a minority share of a house that was left to family by grandparents. My relatives insisted on leaving it vacant for years, so it has all kinds of issues and we're selling it as-is. We have had several offers accepted and then the buyer backs out at inspection (a sign that the price is too high, imo). Each time the buyer gets their deposit back even though it is listed "as-is." The most recent offer waived inspection, as I understand it. My family received an addendum that was already signed by the buyer. It had a strikeout through an inspection clause (e.g., inspection must be done by 11/25). We signed it and now our agent is telling us that the buyer never accepted it. Is it normal for an agent to modify a contract signed by someone who isn't his client w/o warning his client? [link] [comments]  |
| Posted: 03 Dec 2019 05:27 PM PST A real estate firm listed our property for sale to a local government agency without our consent and convinced them to deal only with them...after not hearing from the agency, we accepted an offer to sale to the firm who in turned sold for 3 times what they paid. I found all of this out via open records...do you think the state real estate commission will revoke their real estate license? [link] [comments]  |
| New Construction (Dirt to Home) - Loan Process Posted: 03 Dec 2019 06:50 AM PST Hello, We are under contract on a new build (From dirt to home) and we have an expected closing date about 7 months from now. After speaking with our intended lender, we were told we would be in underwriting throughout the 7 months. They will pull credit again 60 days from closing. We will be speaking with the lender this week to go over the do's and don'ts during this period but I wanted to ask if anybody has experience with this. We have no intentions of opening new lines of credit (or loans) during this period but how careful should we be? For example if we want to charge something to a credit card with the intention of paying it off immediately is that going to flag us? Please let me know your thoughts. Thanks! [link] [comments]  |
| Posted: 03 Dec 2019 04:18 PM PST I have a job on the line as a real estate acquisition analyst. I am worried ;however, I will be pigeonholed. What exit opportunities have you seen from the real estate financial side towards non RE financial side? [link] [comments]  |
| [Florida] Electrical repair issue in residential rental - looking for advice Posted: 03 Dec 2019 04:07 PM PST My wife and I recently moved into a new rental house about two months ago. Everything was fine except one electrical outlet in the master bedroom that didn't work. I talked to the landlord about it and he agreed to fix it. He came out, opened the outlet and then decided it was over his head. He asked me to find an electrician and pass them off to him so he could get them set up to come out and fix the problem. I found an electrician and called the landlord to let him know. Upon hearing the price estimate, he decided he'd like to take another try at fixing the outlet. I agreed. That about a month ago. Every time I ask him when he's planning to come fix the outlet, he tells me "sometime next week". What are my rights in this situation? Am I able to get the outlet fixed out of my own pocket and deduct the cost from the next rent payment? Do I need to start registering my rent with the clerk of the court until the landlord fixes the issue? Can the landlord retaliate against us by evicting us for this? Any help or guidance is greatly appreciated! [link] [comments]  |
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