Free real estate...ANYWHERE? (on this planet) Real Estate |
- Free real estate...ANYWHERE? (on this planet)
- Making an offer on my first home tonight!
- How To Choose A Realtor for First Time Home Buyer?
- Mortgage Protections 60 days almost up
- Getting the keys to our house today!
- College to study real estate or become an agent? I’m 18 and dream of starting my own brokerage
- Waiving appraisal
- Looking at a 100+ year old farm house to purchase with average...
- Seller lied about plumbing on disclosure...any recourse? [Texas]
- Offers going far above asking (Columbus, OH)
- New Construction: Missing Upgrades
- First time home buyer - paying cash and taking out a HELOC for renovation cost?
- What are some problems/issues in a potential home that would make you want to completely avoid the house?
- Not sure if I am able to purchase a home next year to rent out.
- “Pent up supply is building”
- TX- Buyer, our agent says do not share repairs amendment with FHA loan officer.. what to do?
- Can the seller refuse to sign an addendum if the buyer brings another person into the contract? (Atlanta, GA)
- Could we be evicted due to ridiculous noise complaints? Apologies for the length, I am concerned and need advice.
- Real estate noob
- Home buying for investing versus moving into? Laws/Regulations [AZ]
- Live-in Flip Questions
- First netting with an agent : Selling
- [PEI, Canada] House "Built in 2019" according to real estate site but is in 2015 Google maps photo
- Renting RV on property.
- Questions from a first time home-buyer....during a pandemic
| Free real estate...ANYWHERE? (on this planet) Posted: 11 May 2020 07:42 PM PDT Purely hypothetical FUN question: Back in the 1800's, someone could "go west" and get a free chunk of real estate if they lived there, is there anywhere on this planet you can still do that? (or has every inch of terrafirma been claimed and divided up?) I don't care if it's completely off grid and over run with cannibals. Also, "Free" doesn't count if I have to pay back taxes or spend money to clean up the radioactivity, etc. [link] [comments]  |
| Making an offer on my first home tonight! Posted: 11 May 2020 03:45 PM PDT Any tips on things I might not think about including in my offer? I have already requested inspection and all the appliances. Any suggestions would be nice! [link] [comments]  |
| How To Choose A Realtor for First Time Home Buyer? Posted: 11 May 2020 07:21 PM PDT My husband and I are about to move from one northern California central coast to a southern central coast town. We don't know anyone there and have never bought a home, but are going to in the move. How do I find a good realtor for this and what to look for? [link] [comments]  |
| Mortgage Protections 60 days almost up Posted: 11 May 2020 06:43 AM PDT Currently in the USA there are 4 million mortgages in some kind of forbearance and foreclosure protection ends in 6 days on May 17th. Are we going to see a first huge round of foreclosures next Monday? (i.e. larger than the sum of 60 days of normal foreclosures which have presumably been deferred) [link] [comments]  |
| Getting the keys to our house today! Posted: 11 May 2020 06:04 AM PDT We finally get the keys to our new house today! The seller has been very passive aggressive. We had a verbal agreement that they would take down a built in bunk beds from one of the bedrooms and right before our virtual walk through the seller's agent said they won't be taking them down since they were built into the house. They kept asking for more occupancy time, we agree to this since we had to change the Closing dates due to my buyers and their POS lender. They also done some other minor things, nothing big, but they have added up. The key exchange is to be done today by or before 5pm today. I was given the seller's phone number and they were given mine by their agent, so we could contact each other regarding the exchange. I called Saturday around 2:30pm. They did not answer and I left a voice mail stating who I was,and was inquiring when they would like and how they wanted to do the exchange. I have not heard from them since. I have a feeling they are going to wait until 4:55 to contact us to do the exchange and press me to release their $500 earnest deposit to get the keys. How long do I have to sign the release papers. I would like to give the house a through look over since our walk through was virtual due to Covid 19. We were present during the inspection and there wasn't any major issue. Also I am treating my buyers the way I would like to be treated. We are patching all nail holes and touching them up with paint, and giving the house a good cleaning before we exchange the keys. Update #2 We are in the house!! The occupants texted us at 4:30 with a code for the front door and that they don't have keys. It is a electronic dead bolt, but it it does have a slot for a key. I will be replacing this. In the short term I was able to erase all of the codes and reprogram it, but I do t like the fact there is a key out there that can open the door. The occupants would not answer my or realtor's texts asking for the garage door remotes. Remotes can be replaced. They did leave us some home warming presents. A hole in a bifold door, a missing bifold door, a large, heavy and obsolete wooden entertainment center, a disconnected dryer hose (the washer and dryer stayed with the house), a leaking car battery, and the very best thing a person could ask for, dog shit on the deck! There is a lot of cleaning and moving to do now, but we are in and are very happy to call this place home! Thank you for all of the comments and suggestions. It means a lot that there are people out there willing to offer advice and help stranger out. You all are greatly appreciated. [link] [comments]  |
| College to study real estate or become an agent? I’m 18 and dream of starting my own brokerage Posted: 11 May 2020 06:55 PM PDT In the upcoming month I'll be graduating from high school and have an idea of what I want next. I know I'm the long term I want to become a broker and have my own firm. The question is which path should I take to get there. For the past two years I've been concurrently taking community college classes with high school, I plan on continuing community and then transferring to a four year university for a business administration degree with a concentration in finance/real estate finance, also stuck deciding which school but I'm leaning towards cal poly slo, any recommendations on schools would be great too! But the question on my mind is if I should pursue this degree and education or go into a more real world approach of becoming an agent and then a broker in the oncoming years? [link] [comments]  |
| Posted: 12 May 2020 04:55 AM PDT I just put a offer in a house for above asking by $10k more, because I love the area, it's a large size Lot and the everything I want is in this area and in this property. Also I had to put a strong offer in because there was a prior offer the seller had accepted. The seller said they would accept my offer because it is above asking but they want me to wave the appraisal contingency. What are your thoughts? [link] [comments]  |
| Looking at a 100+ year old farm house to purchase with average... Posted: 12 May 2020 04:53 AM PDT What do I need to be on the lookout for in houses this old? Crawl space is there, but my 5 year old son might not fit it's so small, <9 inches, not that I would every send him under it. The house is located in upstate South Carolina, on just over 20 acres. Walking through the house nothing screams that there are any major issues, but the home needs love. Obviously the house is not perfect after so many years, but we are wondering what types of things would we need to look out for specifically when it comes to 100+ year old plumbing. [link] [comments]  |
| Seller lied about plumbing on disclosure...any recourse? [Texas] Posted: 11 May 2020 04:42 PM PDT We bought a house from an older gentleman 5 weeks ago. He and my husband have been in touch since we bought the property (we knew it was a fixer upper, but thought mostly just needed a face lift). He mentioned in passing that he knew there was plumbing issues and there are. Right after we moved in we knew there was a problem with one of the toilets and we can use it for #2. We'd been trying to work with our home warranty company but due to COVID it took awhile to get a plumber out and the first one said they had to run a video feed which warranty denied. Finally got another plumber through the warranty and they said the only way to fix it was by going through the roof which warranty denied due to an exclusion in the policy that they don't cover repairs involving a plumber getting on the roof. Forgot to mention about two weeks ago we had to stop running water in our kitchen sink and the dishwasher due to the water flooding out. So we figured we'd just pay to fix it ourselves, if financially possible. Fortunately, according to the plumber that came out today, the kitchen plumbing issues aren't related to the bathroom plumbing issues and we can afford the kitchen plumbing repairs. He did say that he thinks based on the age of the house, description of what's going on, reviewing the write ups from the previous plumbers and his experience that likely the pipes below the house are rotted and really all we can do is either attempt to replace the piping or do new piping around the outside of the house, either way, rough estimate $10k. That's way out of the range of what we can comfortably afford. He is gonna do a write up that shows that if we replace the existing pipes, it can be done without going through the roof, and also the write up/estimate for skirting the house instead. My husband is hoping the warranty company (Chase) will approve that...I work in auto insurance so I'm more pessimistic, I feel like the warranty company will likely only consider based off of one of their plumbers/estimators and find a reason to deny. Our next recourse would be to try to get home owners insurance to cover. If trying to recover from the warrannty/insurance companies, can anyone tell me if we have any recourse against the homeowner for lying on the sellers disclosure? I don't want to sue him, from what we've been able to tell from neighbors who knew him well, he is using the $ he got from the sale of the house to cover his costs in an assisted living facility. Is there some 3rd party insurance or anything we could recover from without having to take him to court? And even if we took him to court, I'm guessing if he doesn't have anything we wouldn't be successful, so it'd be pointless anyway. Summary: seller lied on the disclosure about plumbing issues, if attempts to have the warranty/insurance cover the costs to fix, do we have any recourse against the seller? [link] [comments]  |
| Offers going far above asking (Columbus, OH) Posted: 11 May 2020 03:00 PM PDT My wife and I are looking for our first home in Columbus, OH. We are 3 weeks into the process, been pre approved by all lenders, have a down payment and are set to go with our chosen lender. We have heard that Columbus' market is "hot" but we had multiple friends our age in the last year buy homes without issue. We have put two offers on houses, the first was $17k over asking and the second $25k over. Both offers outbid, and were homes in great school districts and move in ready (besides painting a few walls, etc.) We are already starting to wonder if this is a poor time to buy. Our realtor seems to think we will be able to find the home we want in our price range, which I am sure can happen, but we're leaning towards the idea that $20k over asking is insanity, even though we prefer move in ready home. (These are what we've seen or heard the other homes we have looked at going for). Would like to hear anyone's advice. [link] [comments]  |
| New Construction: Missing Upgrades Posted: 11 May 2020 01:02 PM PDT I have a signed contract on a new construction home from a tract builder in a hot market. Closing is anticipated in about 2 months and now that much of the house is built, it is clear that many of the options and upgrades that were in the contract were not included. For example: -The flooring is a completely different tile -Light fixtures were not upgraded -Light switches were not upgraded to rocker switches -Shower door was not upgraded This is not a custom home and in fact we had no say in any of these, however, each was designated a given monetary value in the contract. We much prefer all of the upgrades and options than what has actually been installed. I have had conversations with the builder, but they are not being very forthcoming (checking into things), so I think it is time for me to make some demands and I am wondering what's reasonable. Should I demand that these upgrades be made? I can see how it would be difficult to replace the tile, for example. If I were to accept some compensation in lieu of the upgrade (money towards closing cost for example), can I ask for the money in the contract that was stipulated towards the upgrade, or can I ask for that plus what it would cost me to replace things. For example, the shower door upgrade was $500, but it would cost much more to hire someone to remove the shower door and install a new one. Any thoughts are appreciated. Wish I had worked with a realtor. [link] [comments]  |
| First time home buyer - paying cash and taking out a HELOC for renovation cost? Posted: 11 May 2020 08:19 PM PDT I have been looking to buy my first home and was initially looking at move in ready homes in the 200 - 300k range. An abandoned/trashed home was just listed for 90k (Renovation loan, Hard Money or Cash Only - w/ a 5k earnest). My two options would be a Renovation loan or cash. I could pay cash (it would be just about my entire savings) and then do a HELOC for renovation cost. Does that make sense vs a renovation loan? I believe the reno loan is a lower rate (but will require me to use only licensed contractor for some work - even for something as simple as a drainage system) and the HELOC I can do most the work myself and hire out contractors for the big jobs. Demo/removal would be done by me and most cosmetic renovations (tile/hardwood/drywall/paint/landscape and drainage/etc). Large jobs would be hired out such as Kitchen, HVAC, Electrical). My job is very stable (have work lined up for years to come - as long as I feel like staying in my current position it will be here - 70k/yr) Is this a terrible idea? Property taxes are approx 3.5k/yr Edit: Good credit score 780+ No rush to move into home / finish renovations (parents live nearby and I would be staying there until I get it to a livable condition) - which also means I can wait on loans or pay as I go with general income from work. [link] [comments]  |
| Posted: 11 May 2020 08:05 PM PDT Hello, first time home buyer here. We just put in an offer on a home and it got accepted. Planning the inspection within the next few days. With that being said, preferably I would want to get a home that doesn't need any major repairs right off the bat or potential immediate headaches. What are some things to look out for in the inspection that show something can be a money trap or something you'd avoid all together? I know the base knowledge of roof, AC, electrical, etc. but what are some details/personal experience that you've seen? Thank you! [link] [comments]  |
| Not sure if I am able to purchase a home next year to rent out. Posted: 11 May 2020 05:52 PM PDT Hello, by end of next summer of 2021 I will have saved around 58k. I was wondering if with that I would be able to do a 20% down payment on a house no more than 200k and be able to rent out the house and have it pay for itself and then do the same thing 2 or 3 years later. I currently save around 20k a year with minimal expenses. I live with roommates and make under 50k, but save the majority of my money. I have done some calculations and am looking at Texas, Illinois, Georgia and with a 20% down on a 120k-200k home I would have payments around $800-900 and would like to charge to make/profit $500 a month on at least a 3 bedroom, house, of not with 4 or 5 bedrooms. [link] [comments]  |
| Posted: 12 May 2020 02:55 AM PDT |
| TX- Buyer, our agent says do not share repairs amendment with FHA loan officer.. what to do? Posted: 11 May 2020 03:51 PM PDT TX- I am the buyer; our real estate agent is instructing us not to give our repairs amendment to our loan officer; this is for an FHA loan. Is this advice legal? If yes, it is good advice? [link] [comments]  |
| Posted: 11 May 2020 09:40 PM PDT Someone I know is selling their condo. They have decided to not sell it after the contract was already written up. Now after the inspection and appraisal, the buyer realized they couldn't get a mortgage because of too many other properties being owned. The buyer decided to bring their husband into the agreement. Again, the seller does not want to sell, so they are refusing to sign the addendum. The buyer's agent is saying that they will bring a lawsuit if the addendum to allow both the wife and husband into the contract is not signed. Does the buyer have a leg to stand on here? [link] [comments]  |
| Posted: 11 May 2020 09:20 PM PDT Hi, my partner and I have been living in our current apartment for over half a year now, and our lease is up in July because we are graduating from college this semester and will be moving out of our college town. However, we have been having increasingly worrisome complaints from an anonymous neighbor. When we first moved in, we hosted two small gatherings (3-4 people, no music, just drinks and chatting) and they recieved noise complaints. We got the memo and stopped having friends over, so we now only socialize outside of our home. We assumed things were fine for MONTHS, until about two months ago (during the beginning of quarantine and stay-at-home orders for the US) we recieved a letter from our property company saying that we had recieved "excessive noise complaints" and that if it continued, they may have to consider eviction. We were flabbergasted as we have not had any noise complaints that we were made aware of. I called our property company that day and tried to figure out the issue, as well as bringing up my concerns that we were never INFORMED of any complaints, so how could we correct the problem if we were not even told? As I was on the phone with one of the managers, she made me aware that she JUST recieved another complaint at that very moment. Obviously I was stunned and explained that there must be a misunderstanding, and I would appreciate if the person came to us to chat about what exactly they were hearing. She replied that whoever the neighbor was, they were complaining about "loud bass". We do not own a stereo, never play music aloud, and never turn our TV up over the lowest setting. I mentioned that one of the houses behind us often had a stereo blasting from their open garage, and she agreed that must be the issue, and would alert the tenant that complained. I happily thought that was the end of it. Yesterday and most of today, I was out of town visiting my mother for Mother's Day before returning to my partner at around 5:30 PM. I noticed that he had cleaned and vacuumed the house, and I thanked him and commented on it when I walked in. Later (at around 8:30-9:00PM), he was unloading the dishwasher when it finished the cycle, and slipped and fell on some water, causing a loud bang. We felt awful and agreed that it was unfortunate, but it was only 8:30-9 so we weren't concerned it would cause a problem, until a police officer came to our door about 30 minutes later. He explained that this was the "second noise complaint today" and we were both incredibly confused, as my partner told me that he had never recieved a formal complaint that day. We came to the conclusion that the anonymous tenant must have reported us for... vacuuming? In the middle of the day? (Our apartment is entirely carpeted aside from the kitchen and bathroom). We are so very stressed and confused. We are worried that this second round of complaints will result in legal action, and we're just college students trying to ride out the rest of our lease before we leave town. We would happily speak to whatever neighbor is upset with us, but we have no idea who is upset because they have never once spoken to us. We assume it is our downstairs neighbor, but are ultimately unsure. If anyone has any advice, it would be greatly appreciated. We feel our neighbor is being incredibly unfair and is intentionally trying to have us evicted for completely petty reasons, and this situation has become increasingly stressful due to COVID-19 as we are home more often and trying to be incredibly quiet all day/night long. Thank you in advance. [link] [comments]  |
| Posted: 11 May 2020 07:04 PM PDT How long does it take for pre qualifying on a mortage and after being more qualified how long does it take for the mortgage to go through? Just asking the time it takes [link] [comments]  |
| Home buying for investing versus moving into? Laws/Regulations [AZ] Posted: 11 May 2020 09:09 PM PDT So, My girlfriend bought a home in late December. She put down 5%, and we moved in. I'm saving up for a house of my own now, and I know if I want it to be an investment property (since I happily live with her) I need something around 20-25% down. But are there laws against me buying a home and having her turn hers into a rental? I don't know if there are laws or regulations against living in the home for a few months and turning it into a rental property. Thank you for your help! [link] [comments]  |
| Posted: 11 May 2020 06:56 PM PDT I would like to purchase a house that needs work, live in it for 2 years, while I do updates. I know this will be a lot of work, but I enjoy seeing homes improve and 2 years is more than plenty of time. My fiancé is behind the idea (we have more than 1 year to prepare). *How often do these fail? Best way to find these deals? Is the 70% rule even practical? All advice is welcomed. [link] [comments]  |
| First netting with an agent : Selling Posted: 11 May 2020 06:54 PM PDT Meeting with an agent on Thursday. What should I ask her about either herself and or about the listing of my house. Louisiana [link] [comments]  |
| [PEI, Canada] House "Built in 2019" according to real estate site but is in 2015 Google maps photo Posted: 12 May 2020 12:44 AM PDT I've been searching for houses in PEI, Canada and one of the factors I always make sure to note is the year it was built in. So when I found a really promising one that stated it was "Built in 2019", I immediately messaged the real estate agent. Later on, I decided to check out the area on Google maps and I noticed the house was there ~4 years before it was "built". The current photos on the real estate site show it has obviously undergone major renovations - they added a garage and extended the entryway but from what I can tell, the overall shape and features (such as window positioning and chimney placements) seem identical. So since I don't really know the exact year this property was built, how can I go about getting that information? And are there any other questions I should be asking the real estate agent? Two important notes: 1.) I'm not currently living in Canada, so I cannot meet with the agent or physically inspect the property myself 2.) I have no house-buying experience, so what kind of inspectors do I need to hire before I decide to choose this property? [link] [comments]  |
| Posted: 12 May 2020 12:37 AM PDT In sure it's been asked. I live in southern cali and I have a huge backyard. Could I rent out my rv monthly and not have issues with the city? [link] [comments]  |
| Questions from a first time home-buyer....during a pandemic Posted: 11 May 2020 06:38 PM PDT It's a little unnerving in this situation but i've been renting for 3+ years and I find myself quite tethered to my area so I feel like each month I rent at this point, it's throwing money out of the window. My job is stable and interest rates are low. A few questions:
I have a bunch more questions so if there's anyone who's experienced in real estate and wouldn't mind talking with me, feel free to PM me-- i'd really appreciate it. I don't know many people who are familar with real estate/market trends and I feel like any agent that I talk to might have a slight conflict of interest as i'd come across as a potential client. [link] [comments]  |
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