Buying a house is such a nightmare :( Real Estate

---

• Buying a house is such a nightmare :(
• Buyers Closing Agents Made A Mistake
• [Seattle, WA] Closing settlement charged prepaid property tax through the end of the year, but property tax is paid in April and October in my county.
• Dream House Dilemma
• (CA) Can a builder build you a house exactly like the model home?
• My friend suggests I should buy a condo in the Cayman Islands. But why should I invest in Cayman Islands real estate property?
• Buyer in Texas - Maximum numbers of days a Title Company can hold on to your Earnest Money Deposit.
• First Time Financing Questions
• Real Estate Agent and Real Estate Paralegal
• What is a reasonable percentage of your gross income that should be spent on a mortgage?
• [Nebraska] First time homebuyers in need of advice
• Fire House - Tear Down or Renovate
• Renting in Westchester, NY, get an agent or go it alone?
• Should I 1031 or just refinance and buy another property?
• VA Renovation Home Loan - Give me the details, cans, and cannots
• Paid PMI upfront, now want to refi
• Can't win for losing on selling my first home
• Selling real estate and P&C insurance?
• How do I keep a tenant from calling me for BS things?
• Mom in law unlisted her home. I keep getting phone calls...
• Security Deposit in Cash
• Does a realtor require any contract to be considered as working for a buyer, and what do we as buyers do if our realtor doesn’t seem to be a good fit?
• Bankrate projected APR is not being reflected by the broker
• Mortgage broker etiquette—been talking to on for a month or more, but I think I can get a better deal elsewhere. How to proceed?

Buying a house is such a nightmare :( Posted: 26 Feb 2020 07:23 AM PST This is our first time buying a home and it's so stressful. We are stuck in a sellers market so that makes things way harder. We've been outbid several times and we finally had to offer $5k over asking on a house and I'm also paying for closing costs. Inspection went through, we agreed on repairs.. now we're waiting for the appraisal and it's been 8 days since my lender ordered it and they haven't even stepped foot in the property yet. At this rate, we won't even know if the house is ours until right before closing.. if that. Plus I have a feeling this thing won't appraise. We are currently renting and my landlord is still waiting for me to tell him whether or not this closing date is set in stone. March 10th is suppose to be the closing date. I know I'm annoying the living daylights out of my LO because I ask for a follow up almost daily. The title of this post isn't even metaphorical. I had nightmare where my realtor started showing me houses in California (this house is in GA for crying out loud lol) submitted by /u/Blabberpumpkin [link] [comments]

Buyers Closing Agents Made A Mistake Posted: 26 Feb 2020 02:26 PM PST I just sold my townhome on 2/10, buyer paid cash for close to the asking price. On 2/22 I received an email from my closing agent with the following message: "I am not sure if someone from my office has reached out to you but the buyers attorney noticed NOW that they made a mistake in charging the buyer Doc Stamps for the Deed when in reality it's a Seller Charge. They are requesting to be reimbursed, $1,644.00 and to sign the new HUD." Does anyone have experience with something like this? How does the buyers closing agent make a mistake like this and then expect the seller to pay for it? How did my closing agent not notice this during closing? Do I legally need to sign the new HUD and pay the $1,644.00? Here's the buyers closing agents original email to my closing agent: "Hope this email finds you well. Our offices worked together on February 10th to close the above-referenced transaction. It appears that our system inadvertently charged the Buyer, our client, the documentary stamp taxes on the settlement statement (see attached the HUD signed at closing). Pursuant to the contract, this is a seller charge. Kindly request a check from your client in the amount of $1,644.00 payable to our firm. Additionally, please have your client sign the "corrected Settlement Statement", attached hereto, moving the doc stamps to the correct column." Any recommendations would help! submitted by /u/arnoldoarguello [link] [comments]

[Seattle, WA] Closing settlement charged prepaid property tax through the end of the year, but property tax is paid in April and October in my county. Posted: 26 Feb 2020 11:41 PM PST Wanted to sanity-check before I went making a pain of myself at the closing company's office. In Seattle (King County), property taxes are due April 30th and October 31st: https://www.kingcounty.gov/depts/finance-business-operations/treasury/property-tax.aspx I get that when closing on a house, you don't close on one of those two dates, so you are responsible for paying the seller back for the part of the tax between the closing date and the tax-due date. We closed on 10/4/2019, so the sellers had already paid tax through 10/31, but on my closing documents we paid property tax of $2,759.33 through the end of the year, 12/31. (Tax per half is about $5,500.) Shouldn't I have only paid the portion from 10/4 to 10/31, or about $880? (After we closed, I paid another $5,500 directly to the county for the October-April cycle.) Charge listed on my closing documents: https://i.imgur.com/ZBXkLg9.png Thanks for looking! submitted by /u/SethKinast [link] [comments]

Dream House Dilemma Posted: 26 Feb 2020 05:46 PM PST Home (A) Dream House because it has an ocean view , Great neighborhood, Much Bigger and Much more expensive than home (B). If we purchased Home (A) we'd have to cut back some on traveling and a few of the extra luxuries we enjoy now but financially we'll be doing "ok". Home (B) Great neighborhood but does not have a ocean view. if purchased afterwards we'd be in "Great" shape financially without having to curtail the lifestyle or spending we've become accustomed to. Anyone regret spending the amount to purchase what was considered your "Dream home" due to having lost that financial freedom to go splurge as they did before Or is waking up everyday in a home you've dreamed of purchasing been well worth having to make a few cutbacks in other areas of leisure? submitted by /u/justin552 [link] [comments]

(CA) Can a builder build you a house exactly like the model home? Posted: 26 Feb 2020 11:34 PM PST Most model homes display the best the builder has to offer in design. It likely comes at a much higher price but can the builder do an identical house if requested? submitted by /u/Gristle__McThornbody [link] [comments]

My friend suggests I should buy a condo in the Cayman Islands. But why should I invest in Cayman Islands real estate property? Posted: 27 Feb 2020 12:45 AM PST submitted by /u/Leothomass [link] [comments]

Buyer in Texas - Maximum numbers of days a Title Company can hold on to your Earnest Money Deposit. Posted: 26 Feb 2020 02:18 PM PST We terminated our contract 30 days ago during the option period. I have spoken with the title company multiple times about our earnest money but have still not received it. The title company rarely answers their phones and I feel like I am getting the runaround. For what it's worth this was a foreclosed property and the seller (Fannie Mae) selected the title company. Is there a maximum number of days the title company is allowed to hold onto our earnest money? submitted by /u/BULL-MARKET [link] [comments]

First Time Financing Questions Posted: 26 Feb 2020 10:56 PM PST Hey all! My husband and I are looking at getting our first house sometime this year under FHA or USDA loans. My credit score is sitting at 735, and I make around 35k a year, with little debt. My husband makes about 50k a year with a 600ish credit score. He has a good amount of credit card usage due to some events that have happened this year. I know our chances aren't looking the greatest, but are there options of talking to a lender and seeing if they would let me just apply and see what we would qualify for? Or is there for me to apply by myself, and add just his salary to the application? It would leave his credit score out. What are our chances of being able to qualify for anything? If anyone has any insight on it please help! submitted by /u/fromkasetocan [link] [comments]

Real Estate Agent and Real Estate Paralegal Posted: 26 Feb 2020 06:56 PM PST Has anyone ever been a full time paralegal and worked part time as a real estate agent until going full time? I'm considering it, but wanted to hear some other people's perspectives first. I currently work in a real estate law firm and do legal work in the real estate field. I discussed this with the attorney who runs the firm and he seemed agreeable to the situation of me bringing in deals for his clients to look at. Has anyone ever done anything like this? submitted by /u/throwaway_way__away [link] [comments]

What is a reasonable percentage of your gross income that should be spent on a mortgage? Posted: 26 Feb 2020 03:58 PM PST My husband and I found a house we love. It checks all of our boxes, it's everything we are looking for except priced a little higher than I'd like. We did the math and can afford it but in doing so it wipes out our safety net and it's just more per month than I'd like. My theory is, if we had to live on one income in our currently home, we could do it. With this new house, we couldn't. His heart is set on this home, while I'm a little hesitant - is there a reasonable estimation of what percentage of your income that should be spent on your mortgage? submitted by /u/Cpianti [link] [comments]

[Nebraska] First time homebuyers in need of advice Posted: 26 Feb 2020 09:10 PM PST My fiance and I are/will be in the market for our first house. As of now we rent a house for $1475 a month. Listed below are questions/concerns that we have. Concern 1: I have bad credit (630) from a bad divorce 4 years ago. Mostly late payments but my payments have been 100% on time for the last 2 years. And one credit card with a high balance. She has good credit in the mid 700s. Concern 2: She is a bartender and most of her income is from tips. She makes 11.50 and hour and does receive paychecks every other week. With tips being in cash that's where most of our savings are. I think savings need to be in a bank if you want to use it on a down payment, we're working on that... I make 55k a year and have a freelance job on the side that I make around 10k a year. Question 1: what would be the best way to go about getting financing? She has the good credit and I have the money available for a loan. I haven't found any good advice online on this situation. Question 2: has anyone had any luck asking credit card companies to erase missed payments? Mine are on auto pay now and have been on time for 2 years and counting. It's a long shot but I figured I could ask? Question 3: how do state funded programs work? NIFA is in Nebraska but I cant get much info on it outside of their website. Related to this question: what about FHA or HUD programs? Our lease is up in May and we dont want to sign another 2 year lease plus rent would go up to $1600 per month. Were looking into a 100-160k loan which would be significantly lower than what we pay in rent. Any advice helps and thanks in advance. submitted by /u/StupidBeardedGiraffe [link] [comments]

Fire House - Tear Down or Renovate Posted: 26 Feb 2020 04:26 PM PST We purchased a house damaged by fire. The couple selling it is getting divorced so they are taking the insurance money and splitting up. The house was determined a total loss after the first floor was taken down to the studs and then it was discovered that the basement fire compromised the integrity of first floor floor joists. Driving up to the front of the house, you can barely tell that a fire happened. We hate to scrap the entire outside (cedar shake) and roof (brand new $30k roof) but are considering tearing down and starting over. Our new build would likely be the same size, less complicated, but we would be reusing the foundation. Thoughts? Pictures for Reference submitted by /u/resorttownanddown [link] [comments]

Renting in Westchester, NY, get an agent or go it alone? Posted: 26 Feb 2020 03:53 PM PST I'm currently selling my home and my agent wants to help me find a new place, we're renting. Is it better to use my agent, or can that actually hurt me? So far we have been doing all of the finding, and she is contacting the other side. I'm just not sure there is much value there, and if the landlord has to pay an agent a fee, couldn't that harm our chances? submitted by /u/grandplans [link] [comments]

Should I 1031 or just refinance and buy another property? Posted: 26 Feb 2020 03:47 PM PST submitted by /u/ura_walrus [link] [comments]

VA Renovation Home Loan - Give me the details, cans, and cannots Posted: 26 Feb 2020 03:38 PM PST My original post is linked below. ​ In summary I am trying to find out more information about the "secret" VA renovation home loan I've seen a few people write about and make YouTube videos on. I just want to find out if there are any homeowners or lenders that have utilized this loan type and get some details they would be willing to provide. ​ https://www.reddit.com/r/realestateinvesting/comments/f9mgao/va_home_renovation_loan_give_me_the_details_cans/?utm_source=share&utm_medium=web2x ​ Thanks a ton and hope you have a great day! submitted by /u/ExtraGuacAM [link] [comments]

Paid PMI upfront, now want to refi Posted: 26 Feb 2020 03:31 PM PST And I've learned I'll have to either pay it monthly or upfront again. facepalm Interest rate is 1 point lower Monthly about $300 a month Current LTV is about 92% But we paid $5k PMI upfront a year ago, so not sure it's worth it to refinance. Thoughts? submitted by /u/trashpanda2024 [link] [comments]

Can't win for losing on selling my first home Posted: 26 Feb 2020 10:16 AM PST Here is a little back story. We are in a state where you do not have to do surveys on land to buy them. It was not even told to me that I should do it that I can remember. More of a, "It's not required so why do it, that's what title insurance is for" kinda deal. We were young and bought our first home. Fast forward 6 years and we have an opportunity to move. We move out and get a real estate agent to sell the home. 3 weeks before closing I go to check on the old house and the neighbor comes over and brings me a survey. He had my land surveyed and said, "I know you wanted to know where the land lines were". and said he had not filed it but did have it done. I called up my agent because: Half the house shows to be on the neighbors land The entire front yard is on the neighbors land A back field the neighbor mowes is on my land ​ She has a visit with them and asks what they want to do with this information. They want to revoke privileges of the shared driveway. It was "not" supposed to be offered when I bought the house. It was not the owners right to offer me use of the shared driveway. The driveway has been shared for over 50 years and the home was rented out before I moved in for many years. Looked on my title, no easement shown. No mention of anything driveway related. We come to an agreement with the neighbor to add our own gravel driveway right beside his and move the property lines to the edge of his driveway and my new one and claim my house back. The back line he has been mowing is going to be traded as it's about the same amount of land as the front yard and house area. We have the driveway graded on my new land and stop near the road. The state provides entrances that are paved. I call up the state and they tell me I can not place my driveway there. It has to be 12ft from the property line and cannot be anywhere near where it is because of safety issues. It would have to be on the other side of the house way down the road. In this situation it can only go where it is because of where the house sits on the land and time restraints. If it were to go on the other side, a fence would have to be tore down and a new place to park the cars would have to be made. What we are ending up doing is joining the shared driveway exactly 33ft from the center of the road with our new driveway. It accomplishes nothing much but for some reason makes the neighbor feel good. The buyer under contract does not mind and wants to proceed with the home purchase. I say this to hopefully help others not make the mistakes we have. Get your land surveyed BEFORE buying even if it is not required. Don't buy a home with a shared driveway unless there is an easement on your title. Call the right people(like the state) BEFORE doing work. submitted by /u/cowsgonemadd3 [link] [comments]

Selling real estate and P&C insurance? Posted: 26 Feb 2020 06:59 PM PST So I'm currently P&C licensed, I've been selling insurance about a year. I'll be getting my real estate license next month. I've already cleared with my broker that I can continue insurance as long as I dont sell to real estate clients. Have any of you or anyone you know done this before? Any tips to keep myself from accidentally violating something? Or is it not worth the hassle and I should just pick one submitted by /u/thebig05 [link] [comments]

How do I keep a tenant from calling me for BS things? Posted: 26 Feb 2020 11:28 AM PST I am relatively new to the landlord business. I have one tenant that pays on time but is super annoying. They call at least once a month with a complaint. Twice it's been legit but most of the time it's just a waste of time to go there and find that there really isn't anything wrong. Sometimes it's not a big deal (I flipped a circuit breaker, replace a battery, etc). Sometimes it's a big deal (I call a professional to check on something that has nothing wrong with it). They are a waste of my time and money. So I have two questions. Do I dump them at the end of this lease even though they pay on time or should I keep them? I do not currently have anything in the lease that says if you call me for BS you pay but I would like to add it to the next lease if they stay. Does anyone have any special wording that they add to their lease to keep tenants from calling you for every stupid thing? I feel like it would have to be a super long list for these dimwits to spell out so many things that it wouldn't be worth it. What would you do? Edit: Thanks for everyone's input. Your opinions are valuable and put it all into perspective. I appreciate everyone's response. submitted by /u/jabateeth [link] [comments]

Mom in law unlisted her home. I keep getting phone calls... Posted: 26 Feb 2020 06:49 PM PST My mom in law took her house off the market last year. I have gotten an influx of phone calls regarding the unlisted property. The problem is that I never lived there. Ever. My husband did in the past. There are multiple agents contacting me daily. What can I do to have them quit calling me? Thanks submitted by /u/veryboredchild [link] [comments]

Security Deposit in Cash Posted: 26 Feb 2020 03:02 PM PST Hi, I inherited a tenant and now they are moving out. They asked me to return their security deposit in cash, because that's how they paid it. I was wondering if this is okay/ are there any downsides to paying in cash. My concern is "what if the tenant claims they never received security deposit" or other scenarios as we have had issues with him in the past. This is in NYC submitted by /u/Yucan3 [link] [comments]

Does a realtor require any contract to be considered as working for a buyer, and what do we as buyers do if our realtor doesn’t seem to be a good fit? Posted: 26 Feb 2020 06:47 PM PST My girlfriend and I have been pre approved for an fha loan and we called about a few houses and ended up meeting a listing agent to show us a property. She ended up telling us she would gladly be our agent and we obliged. She showed us a few more properties over a couple of months. After a few showings, I asked the woman to call about a listing I was interested in and she said she would make a call after her vacation. She never made the call and because of this, the listing was sold before we had a chance to look at the house or consider an offer. I understand that mistakes happen, but this agent hasn't seemed too eager to make the buying process easier for us. I feel terrible for wasting this woman's time when she would drive around and show us houses, but the minute we asked her to call on a listing she failed us as buyers and did not fulfill her end of the bargain. Firstly, was she even considered to be our realtor if no contract was signed? Secondly, how should we break the news to her if we decide to go a different route? submitted by /u/altron64 [link] [comments]

Bankrate projected APR is not being reflected by the broker Posted: 26 Feb 2020 12:40 PM PST I signed a contract on a house on monday and I'm wanting to shop the mortgage around to make sure im getting the best rate. A friend recommended checking out bankrate.com to get an idea of rates and I'm not getting that close to its "best" rates. One online bank is showing up as 3.25% but my bank and the broker I called are only getting me 3.6%. I have an excellent credit report (750+), very low debt to income ($6,000 while making $50,000), and I'm going to put 20% down. Is there's something I'm missing about this online bank that's artificially deflating their rate? I wanted to check here before I go through another call/application if it's a scam. I know that it's not a ridiculous amount when it comes to monthly payments, but I feel like I'm not doing my due diligence by not exploring those rates. Thanks for any help/clarification submitted by /u/watergator [link] [comments]

Mortgage broker etiquette—been talking to on for a month or more, but I think I can get a better deal elsewhere. How to proceed? Posted: 26 Feb 2020 02:38 PM PST So our realtor recommended a mortgage specialist or mortgage broker, idk what the guy's title is. Basically, he told us to call him and ask questions if we had any. This is our first time buying a home, so we had plenty. Fast forward about six weeks later—our offer is accepted on a house, but we're not crazy about the rates this broker is offering us, so we start to shop around. I can get a much lower rate from a credit union I belong to. I feel guilty that we've pestered this guy, kind of developed a relationship with him, and I don't want to screw him over, but the reality is this is a huge purchase for us, and we've got twins on the way, so we don't want to bite off more than we can chew, financially. Should I tell him I'm considering going with the credit union instead? Should I try to negotiate? He sent an email to get us signed up for accounts, and I haven't done anything with it. He left me a voicemail yesterday, and he texted me about it today, letting me know he sent it over. In the meantime, I'm waiting to see what the credit union offers. They should be one more day. I have no idea how any of this works. I'm going to do what's cheapest for my family, I just have no idea if I'm crossing some line in the world of business that is just considered bad form/taboo, etc. submitted by /u/ProjectileTooth [link] [comments]

You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States