Can I remove a tree on my property that overhangs over the neighbor’s driveway? The neighbor has made it know they do NOT want it removed. Real Estate |
- Can I remove a tree on my property that overhangs over the neighbor’s driveway? The neighbor has made it know they do NOT want it removed.
- Small home good neighborhood or big home not so great neighborhood?
- I'm currently renting a home and I got a "Delinquent Property Notice".
- Cost/process to combine lots (assemblage) in TX?
- How to compete with investors?
- Questions for Redfin agents
- Feedback on this deal please?
- I want to develop a brownfield site on the water in Rhode Island.
- Looking to buy a house for 200K but.....
- Do you know anyone who has faced legal consequences from lying on a mortgage application?
- Best way to see a list of decent comps?
- Anything negative to use same property management as neighbor unit below me?
- “Instant equity”...what am I missing?
- 2nd mtg lender allowed to sell house - is this normal?
- how soon after refi of owner occupied home can I apply for another primary mortgage ?
- I need advice on selling!
- Bed Bug Nightmare
- VA loan - selling home and appraisal came in redicuously low
- Found a solar lien on an as-is property. What different scenarios can happen from here?
- Constant plane noise
- Can we afford a $1.5 million home with $300k down payment? With VA Loan first time loan? Phx, AZ
- Any Boise investors here?
- Refinancing a new home loan
- Refinance Condo w/commercial space
| Posted: 28 Jan 2020 12:24 PM PST I bought a home that I decided I want to demo and rebuild. The property has two huge Oak trees but one overhangs the neighbor's driveway. The issue is I'm planning on building a two story home and would need both trees removed but they've made it known they would not be on board having the overhanging tree removed. Do they have any say over me removing the tree? [link] [comments]  |
| Small home good neighborhood or big home not so great neighborhood? Posted: 28 Jan 2020 07:48 PM PST I had a question and thought this might be a good place for feedback. My wife and I are in search of our very first home to purchase. We seem to have (mostly) same taste in homes styles with one exception. Size of homes and surrounding neighborhood. In my opinion, I think a smaller home ( 2 bedroom 1 bathroom and a big back yard) in a nice neighborhood is the best way to go. She thinks a bigger home in a not so great neighborhood (3 bedroom 2 bathrooms) would be better choice. If you guys had your pick, what do you ways think would be the best route to go? Feedback would be greatly appreciated. [link] [comments]  |
| I'm currently renting a home and I got a "Delinquent Property Notice". Posted: 28 Jan 2020 04:10 PM PST What does this mean? Doesn't the landlord usually pay the property tax? It says that the property will be foreclosed and sold if no taxes are paid..please help [link] [comments]  |
| Cost/process to combine lots (assemblage) in TX? Posted: 29 Jan 2020 04:05 AM PST I'm curious about the process of combining/assembling multiple adjacent lots into one, particularly in TX. If other redditors (or their real estate clients) have done this, can you share what was involved and why you made the decision to do so? I'd like to understand the experience more fully - it's not something I'm considering for myself, so no advice is needed. [link] [comments]  |
| How to compete with investors? Posted: 28 Jan 2020 06:11 PM PST I'm looking to buy a house as my primary residence and I'm specifically looking for a house that needs some work. There are a lot of flippers in our market and I don't trust the quick work that most of them do so I would rather buy a house that they haven't done and do it myself. I've repeatedly been beat out on full cash offers, even one that was $10,000 less than mine ($5k over asking) so I'm wondering if there's anything I can do to help my cause. I've considered writing letters to the owners for a personal touch but a lot of these go so fast they wouldn't get it until after they accepted another offer. Any other advice on getting to those types of houses with so many investors? [link] [comments]  |
| Posted: 28 Jan 2020 08:06 PM PST I'm 26 years old, I've been a licensed agent for 3 years now, in those 3 years i've done 96 transactions, 74 rentals and 22 sales, ~12.5m in total volume with over 6m in 2019. How does Redfin calculate your salary amount? Would you recommend working for Redfin to an agent such as myself? Do you feel capped as far as salary goes? Is it fairly easy to get hired at Redfin or are they actual pretty tough when it comes to the hiring process? [link] [comments]  |
| Posted: 28 Jan 2020 09:56 PM PST Hi all! Im a new investor and I have a situation I need some guidance on. Here's the deal: Rural small vacation cabin rental for sale along with the business rights, business is well established and well reviewed. Owners are old and just can't keep the place going any more. Also they have no online presence. Opportunity to add more cabins, yurts, tiny homes, etc. for more revenue and have a bit of capital I could do this fairly quickly if desired. 5 acres, 4 rustic studio cabins, owners cabin and a office. Owner claims 45% occupancy but that seems high, studios rent for 80 a night which is one of the cheapest in the area. Property is overpriced. Likely worth around 180-200k (only my best guess) as just a residential purchase if the cabins were outbuildings but it's a well established business of around 15 years. 280k asking price. Willing to do half cash and half owner finance. Property is zoned weird, owners cabin is residential, studios are commercial. They said this was done for cheaper taxes. This maybe coupled with the business attached and high asking price and it being a niche situation are causing trouble for people getting financed I think, hence the owner financing. It's been on the market a while. I would live on site. Also have a corporate job but have other people to help run the park so the first few years I don't need to turn a profit if we feel this is a smart long term investment. It's in an area I'd like to retire and I think I would be good at running it. Thoughts? Thanks for your time! [link] [comments]  |
| I want to develop a brownfield site on the water in Rhode Island. Posted: 28 Jan 2020 07:34 PM PST As the title says, I want to develop a brownfield site on the water in Rhode Island. I have never done any real estate development, but believe my business plan is sound, and I am currently working with a developer with previous experience. The current owner is the polluter. I mainly want the land for parking. What are some questions I should be thinking about. I've left this very opened ended to allow for any thoughts/questions on development, developing a brownfield site, developing waterfront property, etc. I'm interested to hear everything you all have to say. Thanks. [link] [comments]  |
| Looking to buy a house for 200K but..... Posted: 28 Jan 2020 05:28 PM PST Okay guys I'm gonna use this to spring board into the answers I've always wanted to know, so here goes.... -I'm engaged with an infant child -I work in law enforcement and make about 100K -fiancé works for a hospital and makes about 31K
I have a credit score of 710 and have about 6K in debt (50-150$ minimum payments) We really want a house in the westchester county area and hoping to get approved for a 200K loan for a small starter home, we only wanna put 3.5% We qualify for all the First time home buyer programs, my questions are 1) is it possible? 2) what are property taxes? When and how are they paid? 3) can I come out of this with only the 3.5% out of pocket (not including inspections, etc) 4) can I put closing costs into my mortgage? 5) working with a mortgage broker to save me leg work considering my schedule, do you recommend? 6) assuming all the stars line up perfectly, how long before you can actually move in and close? [link] [comments]  |
| Do you know anyone who has faced legal consequences from lying on a mortgage application? Posted: 28 Jan 2020 11:33 AM PST I've read about the punishments for intentional misrepresentation of income, employment, etc. but I've never actually heard of a person going to jail over it. Does anyone know anyone who has lied and been caught? [link] [comments]  |
| Best way to see a list of decent comps? Posted: 28 Jan 2020 07:41 PM PST My mom is finally selling the family home. My grandfather built it and it was left to my dad, so the house has never been available on the open market. We are thinking of selling it to a family member so we are not sure if we are going use a realtor for the transaction or not. How else can we get decent comps to price right when the houses all around that are on the same size lot also have not gone through a public sale? In NE Ohio, if that matters. [link] [comments]  |
| Anything negative to use same property management as neighbor unit below me? Posted: 28 Jan 2020 07:40 PM PST I live in a condo with less than 20 units, so the owners all know each other. I may have to move soon and was contemplating renting out my upstairs unit-A. The unit-B below me is already being rented out. I was considering to use the same property management as unit-B, thinking should any issues arise between the units, access and red tape would be super easy if it was all managed the same. I'm friendly with the owners of unit-B and they have been renting out their unit for a long time. Are there any downsides or risks to this I should be aware of? Thanks. [link] [comments]  |
| “Instant equity”...what am I missing? Posted: 28 Jan 2020 11:06 PM PST New to the sub, so hoping for a "no stupid questions" policy. Before I get roasted too much, please excuse my ignorance as a first time buyer. I've done some digging, but not able to find a clear answer on this... Background: young family searching for a first home, but quickly realized the "sellers market" wasn't meeting our expectations. Homes were selling for much more than they seemed to be worth (to us at least) based on square footage and build quality. We really struggled to find what we were looking for and honestly it became a little depressing after the initial "pre-approval" excitement phase... Luckily for us, my older half-brother is a successful builder in the area and is willing to give us the "family discount" on a new build. We are considering building a custom home in a established, well-regarded subdivision with median listing prices around $425,000 (range, low 300s to 1 million plus). He can build our "dream home" in the $300,000-325,000 range (including his markup), not including the lot we own and the developers commission (1.5%). The concept is 3,600 square feet, 4bed/4.5 bath on a 3/4 acre hilltop lot with scenic views, private backyard with large woods behind. Comps in the area seem to go for $450,000+ based on square footage, location, and number of beds/baths. Great area with lots of charm, parks and rec, and just 15 min commute from a metro downtown in the Midwest. We are looking at this as a long-term residence, but at the same time it seems foolish not to want to maximize value/equity if possible. In terms of mortgage, my understanding is that the home is valued at whatever we pay for it initially, as the bank is going to consider the lower of the sold price vs appraised value. So even if you get a "great deal" on the home, you would still be on the hook for PMI, etc. if we put less than 20% down. And essentially "instant equity" is a myth... My questions are: is the equity situation different if we carry the construction loan vs my brother (the builder)? When could we take advantage of the fact that our home should be worth much more than we paid for it, or are we always going to be limited by our initial price? From my perusal, it seems it could take years and a subsequent refinance/reappraisal, which seems a little disheartening...But I also haven't read about anyone in this exact situation and no one has been able to give much advice to this point. Appreciate any expert opinions/suggestions! [link] [comments]  |
| 2nd mtg lender allowed to sell house - is this normal? Posted: 28 Jan 2020 07:21 PM PST This didnt happen to me but to someone i know — it seems like a very unorthodox situation but tell me if you have seen it it and share your feelings. 2nd mortgage - very small - under $50K with a major national bank. 1st mortgage - over $200 K is with a really sleazy lender. House was appraised over $400K Lender #2 was allowed to conduct a foreclosure sale, with the stipulation that the buyer has to "take on" Mortgage 1. A foreclosure sale was conducted in Spring 2019. The buyer won with a bid of $59,000 and this is the reported sale price with the county / city. The buyers are listed as the owners of record. Fast forward to late 2019. Lender 1 (again with a horrific reputation) either is reneging on the deal or could not qualify the buyer / new owner They are now suing in a foreclosure, husband and wife that bought the property and the previous owner. The foreclosure is stalled right now because Lender 1 cannot locate the previous owner. The only thing i could think of is Lender 1 thinks why should we do a deal with the buyers and maybe make 3,000 in closing costs when we can make $200,000 in foreclosure sale Any thoughts? [link] [comments]  |
| how soon after refi of owner occupied home can I apply for another primary mortgage ? Posted: 28 Jan 2020 06:16 PM PST I am going to refi my own home loan. But with rates being low, if a bigger home becomes affordable I would like to move. How long do I have to stay put before looking ? [link] [comments]  |
| Posted: 28 Jan 2020 03:26 PM PST My wife and I own a 2 bed 1 1/2 bath home in Colorado. I currently live in Oregon and am renting it out. My wife and I have been living in an apartment and are expecting in June so we would like to purchase a home in Oregon before then. The value of our home has increased by 56% so we have talked about just selling it and using that money for a big down payment for a new home but I would rather keep our house in Colorado. We have had some unexpected medical bills come up so we have a bit of debt. So we would like to pay that off with some of the money from selling our house but I feel like there is a better way. Some advice would be appreciated. [link] [comments]  |
| Posted: 28 Jan 2020 09:12 PM PST I just recently moved into a home rental that has been infested with bed bugs. Is there any way I can break the lease and get out of here as soon as possible? (WA) [link] [comments]  |
| VA loan - selling home and appraisal came in redicuously low Posted: 28 Jan 2020 01:39 PM PST So short and sweet - accepted offer on home from a VA buyer for $220,000. Appraisal just came back at 205,000 even though agent sent several comps of homes same size on same street by same builder/style sold in last 60 days between $215-$250k. Appraiser was out of area as well. We haven't seen final report yet. Since I am not going to knock 8% off of home price, does this appraisal stick for 6 months to the home from the sellers perspective or just from the buyer if he had purchased the home? When we relist will any VA buyer be stuck with the previous appraisal? We live in a military town and not being able to accept a VA loan would hurt our pool significantly. But everyone from the seller to all agents involve think this appraisal is trash. Thanks. Thanks. [link] [comments]  |
| Found a solar lien on an as-is property. What different scenarios can happen from here? Posted: 28 Jan 2020 09:02 PM PST Our offer on a fixer trust sale was accepted TODAY. Yay! Because this was a very hot property we had offered a 15 day escrow and waived inspection and due diligence contingencies but still have our loan contingency in place. Despite asking multiple times about the status of solar on the house (leased, owned, etc) we couldn't get any information from the listing agent or trustee prior to offers. No one seemed to know. Now that we have an accepted offer we've found there is a lien on the house for the solar. That's the only information we have until the trustee investigates. We have not yet transferred our earnest money yet and are concerned about this solar possibly being $20k in assumed financial responsibility being that we agreed to buy "as is." Our agent thinks we still have a safety net in our loan contingency because a lender could argue that assuming the lien debt changes the deal and won't fund us. Are liens included in "as-is" properties? What possible scenarios can occur from here? Help! [link] [comments]  |
| Posted: 28 Jan 2020 08:26 PM PST Bought a house few months ago, single family in a very good school district. Didn't realize until we moved in but holy shit a plane literally goes overhead some days like 3x a minute. In one day it could be up to 300x a day. It feels criminal. It's 12 miles from the major airport so no way in a million years would I have expected this to be an issue. I filed 2 complaints with the airport ombudsman like 2 months ago but no responses at all. What do I do in this situation. For some people it may not be an issue but I can't stand it. Happens basically 3 days a week sometimes on weekends it is very loud. I can see the planes approaching they are pretty low for 12+ miles from the airport, the planes could clearly go elsewhere but they come over us only on those days. Airport has a flight map so it's easy to see them coming straight over our heads it's literally a direct hit every time. [link] [comments]  |
| Can we afford a $1.5 million home with $300k down payment? With VA Loan first time loan? Phx, AZ Posted: 28 Jan 2020 08:18 PM PST My wife and I bring home 12.5k a month total. We pay no taxes as it's VA money. Because I'm disabled, I pay no closing cost nor insurance per the VA Loan. New law has no cap on down payment for first time users. What am I looking at? The home is not built yet, and that's the starting price .. around 1.4m for this particular home. We have 300k for down payment and our credits are above 700 with absolutely no debt. Any help would be much appreciated. [link] [comments]  |
| Posted: 28 Jan 2020 12:27 PM PST I am interested in a rental near BU. Anyone buy there and have advice? [link] [comments]  |
| Posted: 28 Jan 2020 03:37 PM PST So I'm having a house built atm and if I use the preferred builder bank they will pay closing cost (around 12k). The interest rate is 3.75% for 30 years with no points (420k house and taking a loan for 300k). My credit pays closing cost up to 5k for home loans and refinances. Would it make sense to use the builders bank, then refinance it to my credit union and take a loan for 280k at 3.5%? [link] [comments]  |
| Refinance Condo w/commercial space Posted: 28 Jan 2020 11:25 AM PST I purchased my condo about 8 years ago, and at the time it was super difficult to find a mortgage. The condo building is 3 floors, and the first floor is commercial space. At the time, there was an archaic rule about having more than 25% commercial space in a building, and no lenders would touch the loan. I had to take out a portfolio loan at over 5.5% interest. Lately I have heard that these rules have been relaxed to 35%, which I should just slide under. I have still had difficulty finding a lender though. Usually anytime the commercial space is mentioned, they immediately go over to not being able to touched "mixed use" property. Is it generally this difficult to find a refinance loan? The home is worth nearly double what the remaining mortgage is on it, and my credit is 800+. Feels silly to continue paying almost 6% but I don't seem to have any luck finding a lender. Any recommendations are appreciated! [link] [comments]  |
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