Meet Your Future Neighbors Real Estate |
- Meet Your Future Neighbors
- First time home buyers
- Buying my first property
- Upgrading primary residence: sell first then look?
- Townhome w better location or SFH freedom?
- $200,000 Wholesale deal?
- Can we build multiple tiny homes/smaller houses/trailers on a piece of land in Alberta (Canada)? And if so any rules/restrictions?
- Help us—what do you look for in a realtor to sell home?
- Update: Is it ever a good idea to buy a house with a crack in the foundation?
- This has been a headache.
- Want to move and buy a fixer upper
- Current homeowners who bought in 2007-2008, do you regret your purchase today?
- Criteria a homeowner and investor should be considering today for real estate purchases with a 50 to 100 year holding period?
- NY - House in upstate NY has mold in attic, seller and "contractor buddies fixed the issue"
- Should I Buy a House for my Primary Residence at a County Auction?
- Best Way To Deter Criminals and Homeless People from Entering Vacant Properties
- Should I buy this as my first investment property?
- [NY] - Seller withdrew after questions about mold. Spent $1600 in on house and septic inspections - Can I get any of it back?
- Resources For Predicting Real Estate Market Trends? (SLC Utah)
- [MA] Do Realtors and Brokers “Troll” and waste the time of home owners selling independently to make the experience More difficult than it needs to be?
- No Certificate of Occupancy on 62 yr/old home
- Squatter? Tenant? Help us!!
- Trying to Understand Our Buying Power
- harcourts properties a good brokerage?
| Posted: 03 Feb 2020 04:39 AM PST Actually, I didn't want to. I heard that advice over and over, ad nauseam on this sub. And my introverted soul recoiled in horror. Go to a strangers house? Knock on their door? MAKE SOUNDS WITH MY FACE? Absolutely not. And they were fucking amazing. They have a nice dog who loved us at first sight. They have a cool kid who wanted to be buddies. They do not give one single fuck about us trimming back the tree hanging on and over our (hopefully) roof. The tree base starts at their property and the whole damn thing is doing a slow lean all over the driveway and made itself home on the roof. Potential neighbors also gave us the skinny on the neighborhood. We walked away feeling lighter and freer than we had in weeks. [link] [comments]  |
| Posted: 03 Feb 2020 08:12 PM PST My husband(22M) and I(22F) are putting in an offer for a house tomorrow. Total price of home is $179,900. We plan on going conventional loan, putting $30,000 down and paying closing costs. What are your recommendations for first time homebuyers? Help us! [link] [comments]  |
| Posted: 04 Feb 2020 03:36 AM PST Is it a better option to buy a house for £70,000 then flip and sell for £88,000 or buy for the £70,000 flip it and then put it up for rent. In my area I can rent it out for roughly £550 pm. Can anyone with experience help me please. [link] [comments]  |
| Upgrading primary residence: sell first then look? Posted: 03 Feb 2020 06:07 PM PST Absent of unlimited resources, how does one work out the timing of selling one place to afford a bigger house? Do most people sell under a contingent contract where if they don't close on a new place the sale deal is off? This was my attorney's advice but I can't see what buyer would want to agree to it? We are expecting a new baby this summer so bigger house is a must but if we don't buy something perfectly in synch with selling we may have to scramble for a rental just as the baby is born. Sounds miserable. What's the best way to execute this? I'm sure we're not first in this boat. [link] [comments]  |
| Townhome w better location or SFH freedom? Posted: 04 Feb 2020 12:02 AM PST I've read the saying location, location, location, but wanted to hear any other thoughts folks may bring up. Option A: Townhome, 2x2, 1300 SF, $200 HOA, great location relative to highways, POIs Option B: SFH, 3x2, 1700SF, average location, will require some work but high upside potential, 10-12% cheaper than A. Plan to live in this home for at least 3-5 years. Live in a high traffic area so commute of course is a reason I am considering A. [link] [comments]  |
| Posted: 03 Feb 2020 11:48 PM PST I am a 18 year old real estate agent in Michigan. The actually property is a 9000 sq ft building the owner wants $1.2 million. He says that its ready to go for a marijuana provisioning center. He also doesn't want to use me or another agent for this deal. Which is perect reason to wholesale. He is using me to list a commercial property. The ringer is I have a guy willing to purchase anything I show him up to code brought to me from a major guy in my office. Im not 100% on how the wholesale process goes. I write a purchase and sale agreement with an assignment clause and proper legal wording. Then I assign the contract for say $1.5 million. If the investor is alright with how much he is paying at closing, then we close. I have to disclose that I am not representing anyone in the tranaction in writing because i am an agent? I honestly have no money. The contract doesn't need any from me? Closing costs come out of my cut? Does the title company cut the check to my company like a normal real estate transaction? And then I get my split? [link] [comments]  |
| Posted: 03 Feb 2020 11:43 PM PST Hopefully this is the correct place, if not please let me know who I can ask! Ok so several of our friends and my husband and I have been discussing going in on a chunk of land (we know it cant be farmland) and building tiny homes/smaller homes (like prefab homes or trailer like homes) with a kinda hall for social gatherings/holiday get togethers with family etc. But we dont know if we can legally do that, or how much land we would need. (Which would then show if we can even afford it) Is there space requirements? Like how close we can build together and how much land each house needs? Can we only build so many "houses" on any given piece of land outside city limits? Can we all go in on a mortgage? Or divvy up the mortgage? Or does one couple need to mortgage the land and get "rent" from the others? And no we are not a cult, nor want to share for religious reasons. We all generally want a community and our own houses and our own land to grow gardens, raise chickens etc. but prices are getting so ridiculous lately that not one single couple can afford to buy a decent chunk of land by themselves, build or buy a house, and be close enough to the others or work without going bankrupt on gas alone. But we are all sure we could buy/mortgage individual smaller houses and pitch towards a decent chunk of land. So far we have about 4 couples and 2 singles that are tossing around that idea and I've seen some land (55.7acres) with nothing built on it/not farmland/ going for $350,000 I doubt itll be listed for long, but that's what we were kinda thinking of splitting between us... Hopefully this all makes sense and the formatting isnt too weird, I'm on mobile. I would love any input or advice, and mostly if this is a doable option. Thanks for reading! [link] [comments]  |
| Help us—what do you look for in a realtor to sell home? Posted: 03 Feb 2020 11:41 PM PST My mom is selling her home, which is her only and her biggest asset. The house is worth around 950k and we are trying to pick a realtor. My mom's English is limited so one of the realtors that she is considering speaks Spanish, works for a smaller local real estate company, is young and is driven, has experienced putting a $3.5 million house on the market but it hasn't sold. Other than that his houses range from $250-550k. According to Zillow he sold 25 houses in the past year according to Zillow. He is charging us a 4.5% commission fee plus around a $3k staging fee. I truthfully think he comes across as cocky and kind of douchey in his social media. I did ask him what we would miss out on by going with them vs a larger company like Berkshire Hathaway and he said nothing, which came across to me as lacking self awareness The other person we're considering is also young and driven. She is in the top 2% at Berkshire Hathaway, she was personally recommended by a friend that used her to buy and sell her past two homes. She has experience selling houses in the area. The houses she's sold are more around $300k-650k. She sold 34 houses in the past year according to Zillow. She is charging us a 5% commission fee. Honestly I do like her more but worry about the language barrier between her and my mom. How do we go about choosing an agent?? What should we be looking at? Both of them have over 30 5 star reviews on Zillow. Is there an advantage to going with a larger company for their services? [link] [comments]  |
| Update: Is it ever a good idea to buy a house with a crack in the foundation? Posted: 03 Feb 2020 09:43 AM PST I received lots of good advice on that thread and I really appreciated getting everyone's point of view. This morning I texted my real estate agent to inquire how long we had before we could walk away from this contract due to inspection issues (The inspection was Saturday morning). She didn't reply and about an hour later I got an email from my real estate attorney (also recommended by my agent) telling me that the inspection report was about as clean as they come. This was despite the fact that the report noted, in addition to the foundation crack, rotting on the trim, some problems with the furnace, lack of maintenance on the deck, no GFIs in the kitchen, and some other things. It didn't sound like what I'd expect a clean report to sound like. Anyway, the attorney tried to discourage me from involving a structural engineer. He claims he always sees those cracks in reports and that it won't affect the structural integrity of the house. He said we should ask the sellers to pay for a foundation contracting company to come out and fix it and also for them to prove that the furnace had been serviced within the past year. He said the sellers would probably not agree to pay for an engineer to evaluate that kind of crack. However, my feelings on it are essentially the same. It seems like everyone who stands to make money on this deal (the agent, the lawyer, the inspector) all think I should close the deal and everyone without a financial stake is telling me that it's a large crack and that I should have it evaluated by an expert before committing. I'm really torn but I think I'm going to insist an engineer evaluate the crack even if it's at my expense. That way I'll at least have peace of mind if we choose to move forward with the deal. [link] [comments]  |
| Posted: 03 Feb 2020 08:50 PM PST Appraisal came in low. Not by a ton, but enough to hurt. I have said from the get-go that our realtor set the price too high for our area, but was ignored. We offered to lower the price and still pay closing, but have yet to hear back from buyer. Last week our "no news is good news" realtor told us to go ahead and sign our interim lease and start cancelling/transferring services - so trusting them, we did. No we are panicking because closing is supposed to be in less than a week and once again everything is up in the air. So frustrated and totally ready to be done with this process. [link] [comments]  |
| Want to move and buy a fixer upper Posted: 03 Feb 2020 04:31 PM PST In 2018 there were dozens of Hud foreclosures and other type of gov homes being sold and most required conditions that precluded investors from purchasing them, flipping them, then selling for profit. I am not able to find any of these types of homes for sell in 2020 and was wondering if a law has changed that doesn't make them available anymore or if investors have found a way to hide them from the publics eye so no one bids on them so it opens it up to investors. What I would like to find is a fixer upper in the right neighborhood and since I can pay cash I can snag one and fix it up then live in it. How do I go about finding properties at auctions and the ones where I can bid and have special non investors limitations? I do have past experience on flipping but those were buy and rent out and I always used standard financing. What type of realtor should I find to help with the process and how much should I expect to pay since the standard 6% commission (3% to buyer and sellers agent) wouldn't work in these types of transactions. Any good resources I can find good information on it? [link] [comments]  |
| Current homeowners who bought in 2007-2008, do you regret your purchase today? Posted: 03 Feb 2020 06:27 AM PST My wife and I are ready to buy a house in Los Angeles and we have been showing friends and family houses we are looking to bid on. 700k-750k so bottom of the barrel for this market. Our older family members tell us "That house isn't worth that" and we respond with "watch how much it sells for after the bidding war". We also get "everything is too expensive right now, just wait till housing prices drop." So my question is, if you bought your house right before the recession, do you regret it today? My thought is that even buying at the "wrong time" is still fine because building equity is building equity in the long run. Sure you didn't predict bottom but you own a place that will be worth more after a certain amount of years. We all know housing prices will dip from where they are now but I believe over the next 30 years housing in Los Angeles will still trend upward. [link] [comments]  |
| Posted: 03 Feb 2020 07:20 PM PST Given the likelihood of climate changes, and the continuation or birth of new economic, geopolitical, and technological trends, what criteria do you believe a present day investor should be researching to evaluate real estate locations and building / residential alternatives for a longggg term investment perspective? How would one perform the research? My obvious contribution is the role that sea level projections would have on real estate purchases in low lying coastal areas. Probably not suitable for long term but and hold. Thanks for your thoughts. [link] [comments]  |
| NY - House in upstate NY has mold in attic, seller and "contractor buddies fixed the issue" Posted: 03 Feb 2020 12:42 PM PST My understanding is that if they got the mold remediation professionally done, it would come with a warranty and we would be on our way. Since this wouldn't come with a warranty, this is an issue. Testing so soon after remediation is obviously pointless. We are fine with paying a professional mold remediation company to come out and get reimbursed at closing, but they rejected this idea because "they're tight on money." The roof was re-done within the last 2 years. My next offer is to hold money (~$1500) in escrow for 6-12 months, and if nothing goes wrong, the money is theirs. We simply want an assurance that the mold issue will be resolved and we're trying to be as reasonable as possible. Thoughts? [link] [comments]  |
| Should I Buy a House for my Primary Residence at a County Auction? Posted: 03 Feb 2020 06:32 PM PST I saw a foreclosure listed on auction.com that should be going to county auction soon. I would like to purchase the house as a primary residence but have no experience with auctions. The property has a bit of a strange listing history and I'm trying to figure out if its worth pursuing. 2013- House sold with traditional 30 year mortgage. Previous listing pictures show house in good condition. Dec 2017- Signs on the house said property was found to be vacant, property winterized, etc. Mar 2018- Listed by agent as foreclosure. Listing pictures show the inside of the house is pretty rough. Pretty much everything removed. Baseboards pipes removed, kitchen removed, etc. Not livable. Dec 2018- Listed by a different agent with a price drop. More pictures showing a foreclosed property. Current- Property coming up for auction, not cleared yet. Property still appears vacant but auction.com states the property is occupied. All doors are secured, door has a lock box, nothing inside the house. Auction.com title report shows the property has no liens besides 2013 mortgage. It's odd because most foreclosures I've seen that stagnate on the market end up just accepting a low offer instead of going to auction. I'm not sure why they're going this route. I was considering doing a proper title search on the property and then attempting to make an offer about 10% under the previous listing. I'd appreciate advice or experience anyone may have on county auctions. [link] [comments]  |
| Best Way To Deter Criminals and Homeless People from Entering Vacant Properties Posted: 03 Feb 2020 06:20 PM PST I've had a lot of issues with vandals and thieves in low socioeconomic markets. I was wondering if anyone had any tips they could pass along to deter this activity while waiting for a property to rent. [link] [comments]  |
| Should I buy this as my first investment property? Posted: 03 Feb 2020 05:56 PM PST I'm currently renting for around $1000/month and am looking to get into investment properties. I'm currently in talks with a seller who has a 4 unit (2 duplexes) for sale that is being used as a vacation rental banking $98k/year in revenue between the 4 units. The asking price is $610k. My plan initially would be to live in one of the units while managing the other 3 vacation rental units. I would be using an FHA loan so I would only put down 3.5% plus closing costs. I would manage the property and take care of landscaping that first year while living there and should cashflow at least $5-10k while living for free. After I moved out, I would be getting revenue from 4 rentals instead of 3 and would continue managing the property and doing landscaping. In that scenario I would be cashflowing $27k-$32k per year. The place is well taken care of, has been remodeled, and comes with high quality furnishing. It's considered a "turnkey" property aka would be ready to earn me money without having to do anything to it. I live in a booming market where tourism is big and retirees are moving to in droves. The cap rate renting all 4 units is around 11% and is 7% when I'm living in one of the units. I would have my cash back within 2 years. I've calculated all my expenses and have even been conservative with my numbers. I'm pre-qualified to buy and I wouldn't pay the full asking price. I have the following questions. Is this too big of a leap for my first purchase? Are the numbers too good to be true? Will I struggle to run successful vacation rental cottages out of the gate? [link] [comments]  |
| Posted: 03 Feb 2020 05:42 PM PST We were not in contract. Do I have any recourse to recoup any of the money I spent back? [link] [comments]  |
| Resources For Predicting Real Estate Market Trends? (SLC Utah) Posted: 03 Feb 2020 01:37 PM PST I'm interested in purchasing in the Salt Lake City area of Utah, and from what I can tell the home values have been steadily increasing for at least 6 years. I assumed that this trend would continue due to job growth in the tech sector, people moving here for said jobs, and geographical constraints. I've been hearing conflicting information about this though, with lots of people saying it's a good time to buy and others saying we're nearly at the top of the market and prices are likely to drop before the end of the year. Does anyone know any good resources on this, or have any advice on how to predict this? Any advice on the greater Salt Lake City area is appreciated as well. Thanks! [link] [comments]  |
| Posted: 03 Feb 2020 05:16 PM PST My in-laws are looking to buy a two-family home, but to do so, they need to sell their home for a certain amount in order to make it work. This difference in the home they own vs the one they are looking to buy is enough that they couldn't afford to pay a bunch of fees eating into the final costs. They have a lawyer that will take care of the actual sale of both houses, so it's for sale by owners who are family friends. No realtor, broker or anything like that. The neighborhood is very good in a generally high-income area. Property doesn't typically stay on the market very long, here. They've had a number of Open Houses, with plenty of visitors, and a few offers that were close, but couldn't quite meet on. My in-laws are also very accommodating when it comes to requests for showings, and always drop what they're doing to present the home very tidy and inviting (still being lived in). However, many of the realtors seem to want to show the house to "potential buyers" that aren't approved by their bank for anywhere near the listed price, or show the house to people looking for property that's not nearly the size they are looking for. The listing is very clear on the size, bedrooms, floors, etc. It feels like they are intentionally wasting our time with these showings, knowing the house has to be prepared for each showing request. Is this a thing? Is this a tactic used by realtors and brokers to hopefully wear down owner into getting help after numerous frustrating visits that clearly aren't appropriate the posted listing? I mean it's either that, or the realtors and brokers aren't doing the most basic homework... I hope this doesn't come off as insulting to any professionals out there, but something just isn't adding up, here. Thanks. [link] [comments]  |
| No Certificate of Occupancy on 62 yr/old home Posted: 03 Feb 2020 04:32 PM PST Hey everyone, I inherited a single-family home and also came with a tenant. I recently found out that It has no Certificate of occupancy so I went to building and safety to start the process to obtain. I also found out the tenant that I am evicting just reported me to building and safety after I have already started the process. I received a substandard to comply with which I am resolving, its simple things but I am being charged a linkage fee an outrageous fee... 13k The tenant has been there for more than 8 years and only one person on lease but has many "roommates" move in and out without landlord written permission which is in violation of his lease. I have stopped collecting rent once I Found out that it had no certificate of occupancy. Does anybody have any ideas on how I can evict the current tenant as he is destroying the place. AT-FAULT without having to pay him to move, I want to charge him for the damages he caused. Edit: I'm in California/Los Angeles [link] [comments]  |
| Posted: 03 Feb 2020 03:37 PM PST Looking for some advice here. My fathers wife passed away last summer with the house in her name. My father to inherit her entire estate as she had no living relatives. Flash forward 1 year- my brother and I have been given his Corpus Christi Texas home. We wish to sell immediately. When we sent a realtor over to the home we found that a woman who had assisted us during the relocating of my father is now squatting in the house. My brother and I both live out of state, so she was our only contact in Texas. She had been quite helpful to us in many aspects, helped us empty his home..was present to meet locksmith when we had the house re-keyed, etc. She now claims my father offered to "lease to own" the home to her at $1000/month. She told my father she needed to have electricity turned on so that when she checked on the home at night there were lights on. 🙄 She has never given my family any money for the property in any degree. We have informed her of our intention to sell the home ASAP. She is now saying she has done improvements to the home and wishes us to reimburse her (but of course cannot provide receipts) Should we proceed with a notice to vacate? Is she considered a tenant under Texas law? I'm inclined to inform her that we intend to proceed with formal eviction if she cannot vacate the premise immediately. Help!!!! Any advice is greatly appreciated. [link] [comments]  |
| Trying to Understand Our Buying Power Posted: 03 Feb 2020 03:01 PM PST Going to give out some financials in this post (it's mine), to try to understand if I'm understanding it correct, or not. Salary: $65,000 My parents have sold their home due to their inability to take care of themselves and will be moving in with my wife and kid and I, but living in their own "In Law Suite", but on the same premises where we can help take care of them to the point they need. Until today, we had planned on them taking $100k from the proceeds of their home and then putting the rest in savings (they're going to get about $210k). Their retirement is social security, so I like having the financial security blanket for them for emergencies over the next two years. With that information, we had been approved for $375k with a down payment of $100k. This seemed reasonable to me. However, today we considered the option of having my parents cut into our current debt instead of a down payment, in order to raise the amount of buying power we had for a home. Talking with our lender, he told us the that he could only raise our mortgage amount by $25,000 (to $400k) if our debt is paid off and that they we would still need a down payment of $75,000 in order to purchase. To me, the numbers seem way off -- but I obviously don't work in this industry, so I could very easily be wrong. [link] [comments]  |
| harcourts properties a good brokerage? Posted: 03 Feb 2020 02:07 PM PST Hello, I joined the Real estate world a year ago and have done good for part time. I like the company I work with they are nice and dominate my local area. I am very young compared to the average agent in my office but I don't mind. I love my manager he is so awesome! My broker provides google leads that have gotten me a sale and one client currently. Buyers only Today I interviewed with Harcourts and liked the broker and technology they offer with home auctions. It seems to make sense to offer something different. I can see it being a good source to get more listings. Any tips on how to decide? Anyone have any experience with them? My take home pay now is about 70% Harcourts is saying it will be about 74% [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 | |
No comments:
Post a Comment