How does Zillow know so much about my home? Real Estate |
- How does Zillow know so much about my home?
- Is it doable or unrealistic?
- We just bought our first home, what’s your advice right now for new home owners?
- I pay 450$/month in rent. I make about 65K/year. My car & degree, I paid in cash. I invest 15% in my 403B. I have $45K in my savings account. Is it time to buy a house right now?
- Something bad happened today...
- GSEs: Borrowers in forbearance can defer all missed payments until the end of their loan + foreclosure and eviction freeze extended until at least end of June
- What age did you start investing
- Wisconsin, US: Closing on a house tomorrow morning, seller offering cashier's check for repairs
- Best and final offer was rejected.
- Hypothetically, what would happen if the house you were about to purchase was destroyed?
- Will receiving unemployment benefits affect my loan approval?
- Mortgage delinquencies caused by the coronavirus will exceed Great Recession levels, according to this forecast
- Refinancing - first time
- [Landlord US-TX] Talking with potential investor about LLC operating agreement
- Refinancing Calculator
- Worthwhile to get into real estate as a college freshman?
- What’s the shortest time frame for VA mortgages (as in 10 year, 30 year, etc.)
- House down payment grants besides Housing Authority
- statute of limitations on realtor fees
- What’s the shortest time frame for VA loans?
- Advice for first time investor...
- Government extends foreclosure and eviction moratorium
- Mortgage brokers in the Pittsburgh area?
- Anywhere to search/buy cabins?
| How does Zillow know so much about my home? Posted: 14 May 2020 07:42 AM PDT I'm in the process of a refi and in looking up my property on Zillow, I saw a lot of very recent information about my home that was kind of creepy. It lists that I had my roof/gutters replaced last year and a new fence installed in 2017. But what really got me was that it tells when I replaced my thermostat and microwave and dates. I did both of those myself, so I don't understand how they would have that information. Just curious how that works, if anybody knows. [link] [comments]  |
| Posted: 14 May 2020 07:07 PM PDT I'm 23, still living at home 😪 currently making $35k per year, with ~$15,000 in a savings account that grows continuously as I'm a light spender as far as luxuries go. I pay $600/month for rent. Other expenses (car insurance, phone bill, wifi, gas for car etc.) equal around $300/month. Let's say $1,100 is my total monthly expenses. I have a "good" Credit Score of 730 that also continues to rise as I am never late on payments, pay in full before the due date, and have used a lot of caution since I've been focused on building my credit. I just recently started seriously looking at houses on the market, and have found a few for around $100,000 - $120,000. With $15-20k down, is this feasible? Am I likely to get approved for a mortgage or loan? I have no experience with banks other than having a savings account, so any information will be greatly appreciated. tl;dr 23yo, $35k salary, $15k+ in savings, $1100 monthly expenses, credit score of 730+, can I afford a $100k house? Am I likely to be approved? [link] [comments]  |
| We just bought our first home, what’s your advice right now for new home owners? Posted: 14 May 2020 07:52 PM PDT Title pretty much says it all. We just bought our first home together, it's lovely newly renovated home in Oakland, CA. We're incredibly excited and also feeling a tad overwhelmed with the thought of "missing something" on our way through this process. Sellers inspections we're great, did our own as well just to be diligent. Those came back relatively spotless. What would you go back and do differently now that you're maybe several years in to owning your first home? Lay it on me, any and all advice is welcomed. Hope you're doing well during these strange times! [link] [comments]  |
| Posted: 15 May 2020 01:17 AM PDT I moved away for college and ended up staying. I live in an apt w my boyfriend of 4 years. We do love it out here and wouldn't mind living here long term. I work at a level 1 hospital which will look really good on my resume when I plan to get my masters degree in about 3 years. I've been saving for school. That's what that 45K$ was originally for. But then I found out that I can't go back unless I have more experience. I invest in my retirement, I have no loans or student debt, but what's my next step? I hate that I pay for rent when I have enough $ for a 20% down payment on a home (no PMI). My lease ends June 2021. I'm debating if my bf and I should pay to break our lease (900$ each) or buy a home now, and have ppl rent it /pay our mortgage until we can move in. (OR BUY A DUPLEX. That would be hella cool. My tenants would basically pay my mortgage lol) I feel like that $45K I've saved is just sitting there. I worked hella hard for that. I need to invest or do something with it. Dave Ramsey talks about mutual funds but do I wanna do that when I don't even have a home yet? Also, does putting a bigger down payment than 20% make your home cheaper? Not by much huh Do you think the market will crash? But the interest rate would go up and its hella good rn right? Is it better to buy a more expensive home w a lower interest than a cheaper home with a higher interest? I feel like everyone's just waiting until the market crashes to buy a home and then we are all gonna be fucked bc we will all outbid the fuck out of each other lol [link] [comments]  |
| Something bad happened today... Posted: 14 May 2020 08:41 PM PDT Our house is currently under contract, the buyer has a 14 day option day period and an inspector is coming tomorrow morning. This afternoon my son noticed a wet spot on his bedroom carpet. I thought maybe the dog peed there and tried to clean it up, but the water wouldn't go away. I freaked out and pulled the carpet up and found water under the carpet. I really freaked out and thought I had the worst luck ever. I've lived here 7 years and we have never had a slab leak and the day before inspection we get one?! My husband investigated further and found it was coming from the AC. The AC hall closet is next to his bedroom and there is a floor vent next to where the water spot on the carpet was. So I called a HVAC guy out and they said I need a plumber to unclog the drain line. Now I am waiting for an emergency after hours plumber to come out and see if they can fix. it. Meanwhile I'm still trying to dry out my son's carpet. Do you think my home sale deal is now dead? [link] [comments]  |
| Posted: 14 May 2020 02:33 PM PDT
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| What age did you start investing Posted: 15 May 2020 03:29 AM PDT Im wondering about this as i need statistics for a school project and i thought this would be an interesting subject. [link] [comments]  |
| Wisconsin, US: Closing on a house tomorrow morning, seller offering cashier's check for repairs Posted: 14 May 2020 08:26 PM PDT I'm closing on a house tomorrow morning and at the last minute there are some unresolved repairs. Since there aren't enough closing costs to credit them back, the seller is offering to pay the credit via a cashier's check to me at the time of closing. Is there anything that I need to be concerned about here? It seems to be fine with my real estate agent and loan advisor... [link] [comments]  |
| Best and final offer was rejected. Posted: 15 May 2020 02:12 AM PDT Seller is not budging from asking price. House has been on the market for almost 300 days. We sent a letter with our offer explaining how much we love the house and how we came to our offer price, which we believe is itself higher than the house is worth. We based it on larger comparable homes that sold in the area in February and March for less money than they are currently listing this house for. Our offer was higher than those! We are bummed, but not enough to overpay even more than we were already willing to. Oh well. Bummer. Here's to the next one that comes along on the market. [link] [comments]  |
| Hypothetically, what would happen if the house you were about to purchase was destroyed? Posted: 14 May 2020 12:16 PM PDT Husband and I are on a long road trip and you know how those discussions go haha. If you were scheduled to close on a house next week and a tornado wiped it off the map tomorrow, what would happen? [link] [comments]  |
| Will receiving unemployment benefits affect my loan approval? Posted: 14 May 2020 01:15 PM PDT For more context, my partner and I were aggressively trying to buy our first home before the pandemic happened. We had already been pre-approved and our lender told us that our pre-approval would still be good as long as we keep our same jobs and our credit scores don't go down. Because of the pandemic, I have been furloughed from my job with no end-date. My partner still has his job and seems to be very stable. We are obviously playing it safe and no longer looking to buy until I can return to work and things stabilize. But I am wondering if my being furloughed and receiving unemployment benefits will effect our approval odds once we are ready to buy. My unemployment payments have (thankfully) been able to match what I was making at work, and we still have our savings and high credit scores. My fear is just that they will see that I have been receiving unemployment benefits and run in the other direction. Thanks in advance for you input! [link] [comments]  |
| Posted: 14 May 2020 09:09 AM PDT Even with forbearance programs it's hard to believe there won't be a significant decrease in overall housing prices (obviously it will vary based on each region). Impossible to predict the future though, so we'll see what happens. [link] [comments]  |
| Posted: 15 May 2020 12:24 AM PDT Hi. I need help. This is my first time refinancing and I don't know if I am getting ripped off or not.. I have a jumbo loan of 487,000. Closing costs including points (11k alone), insurance, taxes, fees comes to 18,400.00. I did lock in the rate. Does this sound about right? I have a good faith estimate but don't think I should post on a public forum. [link] [comments]  |
| [Landlord US-TX] Talking with potential investor about LLC operating agreement Posted: 15 May 2020 12:17 AM PDT Hi ya'll, I'm a landlord with 2 properties and 5 units and I'm talking with an investor who wants to invest with me. I'm bringing my skills managing, leasing, and negotiating properties, and the investor is a significant amount of capital. He is a legitimate investor who owns a company and has 2 million in assets. He isn't interested in managing the property because he has his own company. After meeting him, he is an excellent business partner and we have a good business relationship so far. My issue is I'm discussing the terms with him this week and I'm not sure what would be good to offer. He is most interested in cashflow, so I might be able to get a good equity position in exchange for less cashflow. My plan is offer to split cashflow 50-50, then split any equity 50-50. I'd then show a few scenarios on properties, explaining how much cashflow each of us would receive, and how our equity positions would grow over time. I need to do this before we look at properties further because we can't get preapproved by a bank til then. If you were me, how would you approach the sensitive topic of pay, and what would you offer in cashflow/equity. [link] [comments]  |
| Posted: 14 May 2020 11:47 PM PDT I purchased my first home in early 2014. I obtained my mortgage with a fixed 4.25% interest rate. Since the very first payment, I have paid 20% extra each month on my principal. The outstanding balance on the loan now is roughly 80% of what it was when I bought the house. My question here is this: how is there an easy way for me to know whether refinancing is a good idea after inputting a new interest rate? I have looked on a plethora of websites for a good, minimalistic refinancing calculator over the years and have never found one that suits my needs. All I want is to be able to plug in the offered interest rate where my home is located, apply it to the current value of my mortgage, and see whether I'll pay more or less than if I remain on my 4.25% rate. The real turn off is that I do not want to restart paying more interest again on the mortgage if I'll end up paying more in the long run... obviously. If anyone has a really simple refinance calculator they use out there, I would love to hear about it. Thanks for your time. [link] [comments]  |
| Worthwhile to get into real estate as a college freshman? Posted: 14 May 2020 10:48 PM PDT So, I'm 18 and I'll be going to school in Santa Barbara, CA in the fall as a computer science major. I'm wondering if it is worth it to pursue being a real estate agent while I am in college. From what I hear, the amount of work needed to become marginally successful is a lot, but I have also heard that it takes working smart to be successful, not just working hard. I know that being a CS major can lead to a fruitful career, but I also want to provide for my family while I am in college. Is it better for me to give computer science my all for the next several years, or should I try splitting my time with both CS and real estate? Also, how difficult is it to obtain a real estate license while in college (in california)? Thank you [link] [comments]  |
| What’s the shortest time frame for VA mortgages (as in 10 year, 30 year, etc.) Posted: 14 May 2020 10:08 PM PDT |
| House down payment grants besides Housing Authority Posted: 14 May 2020 02:29 PM PDT Hello, First time homebuyer looking to find some financial grants for down payment. I have found the Home Flex Plus through the housing authority. Located in NH and that's the only federal/state backed down payment program in NH. Is anyone aware of any other down payment assistance grants besides this? I've tried looking for down payment grants that are a little more hidden but have come up with nothing unfortunately. I've looked for specific ones for people in recovery from substance use and mental health. Along with first time homebuyers. I see other states have more assistance programs but it appears NH has some of the least. Any assistance would be greatly appreciated! [link] [comments]  |
| statute of limitations on realtor fees Posted: 14 May 2020 03:39 PM PDT Hi everyone, Saw a property a year ago. The offer fell through. The house is now represented by a new realtor. New realtor has offered his services but I've declined. The old realtor told me that he is still entitled to the commission should I close on the deal eventually. Is there a statute of limitations? I liked the old realtor. I'd like to make sure he still gets paid if I do close on the house say this year or next. Paperwork was signed but then deposits were refunded. Essentially I need more cash to buy the place. Thoughts? Suggestions? [link] [comments]  |
| What’s the shortest time frame for VA loans? Posted: 14 May 2020 09:28 PM PDT Edit: Sorry that my title wasn't very clear. I meant like 10-year mortgage, 30 year mortgage, etc. [link] [comments]  |
| Advice for first time investor... Posted: 14 May 2020 09:15 PM PDT The truth is this is not really my first time. First time by choice, maybe. The long story is, I own an apartment in Jersey City (NJ) but had to move to Connecticut for work and I had to rent that place out. All in all, it's not a good investment because it's a pricey apartment with top quality and high HOA (on top of the crazy tax) and my young professional tenants do not appreciate its beauty as much. But I love the neighborhood so much, that I really really really want to purchase another property there and rent it out, as a way to put my hard-earned savings into a good place in the long term. This time I learn my lesson and want to buy something that more appropriate for the audience ( decent quality + reasonable price), something a multi-family house in downtown area. I know it is not an easy business, but I have been thinking about this for YEARS and really want to get started at some point. The question is how I can get my foot wet without paying too much for the lesson... If you have any advice and know of anything that I can read/learn, please send it across, I am all about learning now. Below are few questions that I have in mind at the moment. 1) Is it worth for me to get a Real Estate license? I am going to have a few months off starting from Sep and plan to use some of my time to learn something new. 2) As this is a huge investment and the places that I look into are quite old, how can I mitigate the risk of not knowing what I am jumping into? I'd better get a top-notch inspector, but how can I find one and know that he is good? 3) Do you (investors) all have your own contractors and work with them over the years? How can a newbie like me join the circle of trust :)? 4) What do you recommend on managing maintenance work efficiently? Lastly, do not hesitate to let me know if you think I am jumping into a hole... [link] [comments]  |
| Government extends foreclosure and eviction moratorium Posted: 14 May 2020 02:15 PM PDT https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-Eviction-Moratorium.aspx Washington, D.C. – Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions until at least June 30, 2020. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The current moratorium was set to expire on May 17th. "During this national health emergency, no one should be forced from their home," said Director Mark Calabria. "Extending the foreclosure and eviction moratoriums protects homeowners and renters with an Enterprise-backed mortgage and provides certainty for families." [link] [comments]  |
| Mortgage brokers in the Pittsburgh area? Posted: 14 May 2020 07:34 PM PDT Anyone know of any good mortgage brokers in the Pittsburgh area? [link] [comments]  |
| Anywhere to search/buy cabins? Posted: 14 May 2020 07:20 PM PDT The best I can do is do a search remote areas and scroll through listing mages. Is there a site to search just cabins? [link] [comments]  |
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