When was the last time it was a buyers market? Real Estate |
- When was the last time it was a buyers market?
- New Home Build Pro-Tips and Gotcha’s
- Just signed contract on NYC apt.
- (CA) Question about moving and charges
- Body Corp- Trees?
- Condo purchase question.
- Websites that give listings by price rather than area
- To buy or not to buy, the marital argument
- Condo in LA with termites
- proving I live in my actual primary residence
- What to look for when doing a walk-through of a new build.
- Are new home construction warranties uncommon place?
- Entering the field
- how low is a low-ball offer for a condo?
- First time buyer, question about "Homeowner Insurance" vs. "Flood Insurance"
- (NJ) "Occupancy Fee" vs. Property tax
- Gift to Recuperate Down Payment
- MLO training programs for new LOs?
- Things to ask builder of new Row Home
- Hello. Can the government require the land buyer to build it with a particular investor, and if possible is it complicated?
- Becoming a Redfin associate agent
- Applying for a new loan with current mortgage and renter?
- Property Management Software: 3 properties about 12 units
| When was the last time it was a buyers market? Posted: 02 Feb 2020 06:04 PM PST I live out in GA and we've been stuck in this sellers market for months without any luck buying a house. I'm almost wondering if we'll hit a buyers market again.. [link] [comments]  |
| New Home Build Pro-Tips and Gotcha’s Posted: 02 Feb 2020 10:04 PM PST Hi all, I will be closing on a average 1800 sqft 3+1/2 new build home in Northern California in a few weeks. We have been working with the builder (KB Homes) since the lot was dirt and have modestly customized everything to our liking. See photos of progress: progress pics My question to y'all is: do you have any pro-tips or gotcha items from prior experiences about items to check before closing on a new build home? I am trying to do my due diligence throughout this whole process but am wanting to avoid very expensive learning opportunities whenever possible :) Thanks everyone! [link] [comments]  |
| Just signed contract on NYC apt. Posted: 02 Feb 2020 06:45 PM PST I just signed a contract last week on an NYC apartment and I'm feeling kind of like I bought at the exact worse moment. Any thoughts on real estate if market takes a big, global, downturn? As far as I know I cannot get out of the contract without losing 10% down payment, but curious how shitty things would have to get for the bank to maybe say "nah". I'm not positive I would want out, but I'm feeling kind of glum about it at the moment. [link] [comments]  |
| (CA) Question about moving and charges Posted: 02 Feb 2020 08:11 PM PST I'm moving from my current apartment here soon. I've lived there for about 9 or 10 years (can't remember exactly). It's an income restricted complex and I make over the limit now. The carpet, you can tell, is cheap. There's high traffic areas and some minor stains. In two areas however, my cat did damage from digging at it. Due to me having lived there so long, do they just have to replace the carpet anyways? Every time someone moves, I always see the carpet people totally redoing the padding/carpet etc. I didn't pay a deposit. There was a $1 move in special when in moved in years ago. I understand if I need to pay a portion. My cat. My fault. However, due to the quality of carpet and how long I've been there, I'm assuming they couldn't charge me the full cost of the carpet replacement? Rest of the apartment looks great and I've been an excellent tenant all these years. I wouldn't bother moving if I didn't have to. [link] [comments]  |
| Posted: 03 Feb 2020 12:06 AM PST Long story short, I cut down a tree inside my property and one of the other owners is angry and believes I should have got approval from body corp as it is 'ornamental' (in the sense it affects the aesthetics, it's not actually an ornamental free). Generally speaking, do you need approval to cut a tree down if the tree is in your property? It was in my front yard. [link] [comments]  |
| Posted: 02 Feb 2020 02:08 PM PST So I'm planning on buying a condo and would like to know who I would be buying from. The condo I'm interested in has 6 units. I went to the county tax collector website to find out who I would be buying from. The unit I'm interested in says the owner of the property is a corporation(we'll cal it "C1"). Additionally, the owner of my condo changed corporations as owners between 2018 and 2019 (C1 to C2). The other units are owned by C2 except one. This last one is owned by a person. The only unit for sale is mine. What could all of this mean? Am I buying from a person or from a company? [link] [comments]  |
| Websites that give listings by price rather than area Posted: 02 Feb 2020 10:43 PM PST I would love to find a website that offers to sort listings by price rather than area. Like a list that shows all $800 rentals in the US regardless of where they are, and then offers filters to narrow down the choices. Are there any resources for that? [link] [comments]  |
| To buy or not to buy, the marital argument Posted: 02 Feb 2020 06:46 PM PST Hey guys My husband and I are having a friendly debate on should we rent or buy a house. We are currently newlyweds at 25 and 24 years old (I'm older). We are currently renting an apartment and looking to move into a house within the next 5 months since we are having a baby. The area we are looking to move to is on the Alabama/Georgia line and I was thinking we should rent because we will be in the area for maybe 4ish years. After those four years, it's in the plans to move to Gwinnett county, Georgia. There we will stay a little while longer then that so I wouldn't mind buying a house then. My husband on the other hand is going off the general rule of thumb his father gave him which says if you're staying somewhere for more than two years, look into buying. Neither of us know the first thing about buying a house (mortgages, knowing what to look for, etc) and honestly I believe the timeline is just too short to be looking at buying. So what do you guys think. Rent or buy? [link] [comments]  |
| Posted: 02 Feb 2020 02:56 PM PST I'm buying a condo in Los Angeles and the sellers disclosed that some of the other people who lived there had seen termites around the property in November. We spoke with the HOA who had originally gotten a quote for 5k but wanted a second opinion since that seemed excessive. But it's now February and they haven't yet. They do seem like they're still working on it though? We had our own pest inspector come in but he only checked the inside of our condo and and said it was clean. The condo was built two years ago so everyone (realtor, inspector) is saying they're not too concerned. Should I be concerned? Or is it really not a big deal? [link] [comments]  |
| proving I live in my actual primary residence Posted: 02 Feb 2020 02:29 PM PST I am in the process of looking to purchase another primary residence, but the underwriting is asking why my address is my parents address still (I never got around to changing it) What would be an acceptable/valid reason for this for the underwriter to accept? [link] [comments]  |
| What to look for when doing a walk-through of a new build. Posted: 02 Feb 2020 09:56 PM PST My husband and I are building a new house. It's almost complete. Our first walk-through is next month. What should we look for to test the integrity of the build? [link] [comments]  |
| Are new home construction warranties uncommon place? Posted: 02 Feb 2020 02:23 PM PST I'm a buyer of a new home construction purchase that's in the jumbo loan cost. I've asked for a warranty outside the 1-year limited warranty to cover major structural items. I've requested a 10 year major structural warranty and have been told this is unheard of and no builder/seller agrees to this in Chicago.
I can't get passed the fact that, if true, no builder/seller agrees to anything beyond a 1-year limited warranty on a new home construction. Am I being unreasonable? [link] [comments]  |
| Posted: 02 Feb 2020 09:42 PM PST Hi, I'm 17 and in California and I want to get moving on my real estate license. Can I start the process with my course hours, finals, etc and then just wait for my birthday for it to finalize? Or do I have to be 18 to even begin the process? I'm lost, I'd appreciate any and all help or advice. [link] [comments]  |
| how low is a low-ball offer for a condo? Posted: 02 Feb 2020 09:40 PM PST Hello, I am considering this 2 bed condo which is on the market for more than 75 days now and reduced the price to 269k from 290k. Do you think 230k offer would be insulting? I think the market is now neutral (according to zillow) and it is no longer a sellers market. This is a nice condo with rent ability which is important to me. On the other hand I am in no rush, and will not make an offer from the current asking price. What do you say to a 230k offer? walking distance to subway (15 min), near companies so tech workers will be the target renter. Suburban feel to it with other residential condos and apartments around. 30 min walk to Grocery stores and other shopping malls. Offer is cash. [link] [comments]  |
| First time buyer, question about "Homeowner Insurance" vs. "Flood Insurance" Posted: 02 Feb 2020 09:22 AM PST I put in an offer for a house, and the seller listed a "Monthly Breakdown of Expenses" and I'm just a little confused by it. For insurance they put: "Homeowner $1205 Flood $1600)" all on one line. So does this mean my total insurance (as this is a property in an area which requires flood insurance) will be $2805 annually? Or is it saying that insurance will be $1600 if I have flood insurance annually or $1205 if I don't have flood insurance annually? I wasn't under the impression that flood insurance would be so high. [link] [comments]  |
| (NJ) "Occupancy Fee" vs. Property tax Posted: 02 Feb 2020 05:21 PM PST I had to take a first time homebuyer course for my mortgage company, and it had mentioned that if you are purchasing a house after January 1st you would pay that year's Occupancy Fee rather than the Taxes for the remainder of that year. How much is the occupancy fee generally? The course did say it is typically less than the taxes. Where would I be able to find the rate of this fee online? [link] [comments]  |
| Gift to Recuperate Down Payment Posted: 02 Feb 2020 09:45 AM PST Hi, I'm a first-time home buyer going through the closing process. I have a question about gift money that WILL NOT go toward the down payment. I have the savings to pay the down payment on the house without gift money. I have provided my lender bank statements, so the lender (presumably) also knows that I have the savings to pay the down payment myself. However, a relative offered to gift me some money to recuperate the the cost of the down payment. I am wondering what is the best way to proceed (I certainly don't want to commit any sort of loan fraud). Should I wait until after closing to cash any check this relative might send? Should I inform the lender? If I cash a check before closing, will I need to go through the process of filling out a gift form with the lender? Thanks in advance! [link] [comments]  |
| MLO training programs for new LOs? Posted: 02 Feb 2020 10:17 AM PST Any mortgage loan originators have experience with online training programs? Although not required (I'm with a bank) I would like to get my NMLS license. The bank supports it if we want to pursue it. I was wanting to find a program to not only prep for the exam, but also once completed offer some additional training on best practices and good habits successful MLO's have put into place. I have about 4 loans on within my first 3 weeks but I'm really trying to take this time period to really learn as much good information as I can. My bank does not offer an "official training" program so I am learning through shadowing existing LOs in my office and asking tons of questions. I have 10 years bank experience but definitely trying to develop good habits to expand my database. Thanks all 🙏🏻 [link] [comments]  |
| Things to ask builder of new Row Home Posted: 02 Feb 2020 01:36 PM PST I've put an offer down on a row home (I think it's actually technically a condo) that was recently finished being built, and I'm wondering what questions I should ask the builder. One thing I'm curious is about how well they have done sound isolation. Are there any good questions I should ask? Are there documents or manuals I should be able to get on the place? The builders agents sent me some schematics that don't show any details on things like plumbing and electrical, which I'd love to have in case I remodel, but not sure if that's something they'd have. Details about the home: 2bed/2.5bath 1600sqft First level is a shared garage structure where I get two parking spaces, first level kitchen+living room, second level two bedrooms, third level is just small area with wine fridge and attic that leads out to a beautiful usable rooftop with bbq, sink, and electrical. Anyway, I'd appreciate any suggestions on what to ask the builder. Thanks! [link] [comments]  |
| Posted: 02 Feb 2020 01:32 PM PST |
| Becoming a Redfin associate agent Posted: 02 Feb 2020 12:42 PM PST Can anyone with experience working for Redfin tell me about what it's like to be an associate agent? I'm considering getting my license and working for them. I apologize if that offends anyone - I am very oblivious and I'm here to change that. As far as I know, Redfin agents don't work on commission. For several years I'd considered becoming an agent, but had been reluctant because I didn't want to make a living selling the pants off of people. On the surface, Redfin's model seems more ethical. I've been told that Redfin associates are paid $35/showing during the day on weekdays ($60/showing after 5pm) and $60/showing all day on weekends. You get an extra $25 for picking up a showing that another agent drops. You design your own schedule. You're technically self-employed. Does anyone have any input? This sounds like it would be a good side job, and it could open the door to a full-time position with redfin somewhere down the road (some of which allow you to work from home, which will be an essential perk for me later in life). Thanks for your help! [link] [comments]  |
| Applying for a new loan with current mortgage and renter? Posted: 02 Feb 2020 11:40 AM PST Hey all, I own a condo that was purchased with a conventional loan, and I currently have a tenant occupying it on a 12month. This is my first condo, and I am interested in purchasing another one later this year. My question is- how will lenders look at my finances, if I technically have a mortgage already but am having tenants pay (I make about $300/month on top of all-in payments on the condo)? Will they deduct the mortgage from my total income? Or will they accept the additional income from rental, to increase my overall buying power? Wanting to ask this here before going to lenders about it. Thanks in advance! [link] [comments]  |
| Property Management Software: 3 properties about 12 units Posted: 02 Feb 2020 10:08 AM PST Hi, Aside from Excel, can someone recommend a good property management software? Looking for software for about 12 units. Thanks. [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