Question about place to sell in Brooklyn Real Estate |
- Question about place to sell in Brooklyn
- Asking homeowners to sell their house to me
- 6 days left til closing
- Lowball using recent sold prices found online as references?
- Fence Etiquette
- Really need advice pls from a RE agent,in Aus
- LA market $17k down payment, approved for $325k conventional loan. Should I buy my first property now or wait a year later for a better price range (>$380k)?
- What are some must do before renting an industrial space?
- Why do some homes sit on the market for months and months with no price changes?
- Garage number of car slots vs number of doors
- Primary residence - land
- What are the implications of land that is on the North and South side of a road?
- Title fees when refinancing
- How easy can it be to add a bathroom to my two story garage and then rent it in a pretty nice part of LA near a college?
- Is it common to ask sellers to pay a portion of closing costs?
- TX best deal on new construction?
- are banks / mortgagee lenders protected from hyperinflation?
- Sell House and Rent vs Stay Temporarily
- Advice Needed on Disclosure Laws (WI)
- What is the actual legal threat of backing out at this point?
- Finding money in an attic
- First Time Homebuyer Questions
- How can i go on about buying property in mexico? Maybe for others at a fee!
| Question about place to sell in Brooklyn Posted: 09 May 2020 04:51 AM PDT So I am about to close on a new apt in Brooklyn and will at some point be selling the one bedroom I currently own. It's a nice place. Small coop in a very desirable neighborhood. I'll likely move into new place on August 1. So I can either try to sell the current apt, or I have a friend that could rent it, essentially at cost. Given everything happening with renters in NYC, I think I would worry about renting to a stranger and being a landlord proper. But given that everything is on pause, I am leaning toward renting for a year, essentially holding the place and bringing to market next year, or even year after. interested in what folks here think. Try to sell in August or rent for a year? There is no inventory on market now and prices are holding, but then again nothing is selling either? Really the question is, and none of us can answer this, will the market be worse a year from now or better? [link] [comments]  |
| Asking homeowners to sell their house to me Posted: 09 May 2020 04:23 AM PDT Are hand written letters the best approach for unsolicited offers (AL)? What about homes that are owned by Estates/Trusts? Any other ideas? [link] [comments]  |
| Posted: 08 May 2020 11:53 PM PDT Super anxious this our first home we bought & are selling. I cant sleep at night for some reason i cant help but to think of what ifs.. if everything has gone smooth so far, are we in the clear? Or do things fall apart still. I would hate to search for the perfect house and lock in a offer for you know the worse to happen with our sale. Thanks for any input especially anything comforting haha [link] [comments]  |
| Lowball using recent sold prices found online as references? Posted: 09 May 2020 03:10 AM PDT Considering buying a new construction. But recent (within 3 months) sold prices found online (Redfin and Zillow) show that the actual sold prices are 30k to 100k lower than the listed prices prior to the sells across different floor plans. So does it fit the code to lowball using those as a reference? The builder ranks as one of the national top 3. The selling agents seemed professional. But they haven't been replying emails promptly after my home tour. Feels like my lowball price inquiry (not a formal offer) is silently rejected. [link] [comments]  |
| Posted: 08 May 2020 01:33 PM PDT We are closing on an inventory home at the end of the month and one day anticipate purchasing a fence. It appears two of our neighbors (on right and diagonally to right) are in the process of building their fences and I was wondering what are the unspoken rules on getting a fence? For example, should we ask to connect ours with theirs? If so, do we own them anything for the portion of theirs that is completed? Would it behoove us to strike a deal with the remaining home owners to split costs on a shared fence? On the other hand, how do you care for the easement between fences if they don't agree to share the fence? Seems dumb to mow the 1-1.5ft between the fences, although neccessary. Just looking to be a consideration new neighbors while also saving money for everyone. [link] [comments]  |
| Really need advice pls from a RE agent,in Aus Posted: 09 May 2020 02:33 AM PDT Ok..so Last weekend viewed a home,loved it and called the RE agent and put a offer in by phone at 2pm,she called back at 7pm that night and told us great news,the seller accepted our offer!And that we should celebrate;have a glass of wine bc we just bought a home!So yup we did!And we got it for the price we wanted!She also told us to meet her tomo to make a formal written offer as the seller is "old school" and wants it in writing.So we arrange with her to meet at her office at 10am following morning to make a formal written offer.We meet her the next morn to make the formal offer on paper and she says- "Hi just letting you know that another couple has made a bid on the house,so I have to let the seller know and let you know that you now need to put your best offer in" I was literally gobsmacked,like wtf you told us we got the house and to tell our families and celebrate and we did,now you're saying we might not get the house!!?? I asked her-excuse me you told us last night the seller accepted our offer!?So how can someone else make one!? She replied-because you hadn't put it on paper like the seller wanted,I had to take any other offers that were made on the house." So we ended up bidding a lot more and we won the house,but this has left a really really bad taste in our mouth..I don't know if it's legal and if it is,I feel she should of told us..I would of gone and signed paperwork/a formal offer on paper to him at 7.30pm if I knew that until I did so,others could make offers.Pls advise am I upset over nothing?Is this ethical and something RE agents do? TLDR-RE agent told us seller accepted our offer,next morning tells us others made offers so we now have to bid more. [link] [comments]  |
| Posted: 08 May 2020 08:03 PM PDT Hi everyone! I'm a first time buyer: thinking to occupy it first then rent it out when I'm ready for next one. Most units that I would love to ideally live in right now is a condo around $350-400k price range before HOA fee, which is beyond my budget. Should I wait for another year, or should I act fast this year and sacrifice my ideal living standard? Thanks. [link] [comments]  |
| What are some must do before renting an industrial space? Posted: 08 May 2020 09:44 PM PDT Hey, i am a real estate newbie. I am planning to rent an industrial space. I just found a space that fits my requirements. The description is as follows: Tenancy: multiple Building class: C Service type; full service gross Space type: relet What do all these mean? In particular, what does full service gross mean and relet mean? Also what are some must-dos before I rent this place? Also do commercial properties rentals without a specified duration? I mean i pay month to month and leave anytime I want. [link] [comments]  |
| Why do some homes sit on the market for months and months with no price changes? Posted: 08 May 2020 10:39 AM PDT I am in Atlanta metro area and see many homes (medium to higher priced ranges) sitting on the market for months with no price changes. Many of these homes go on and off the market over the course of a year, but minimal to no price changes. Curious what the logic behind this is. Does that mean the owners are in no rush to move? Maybe they will not budge with the price? [link] [comments]  |
| Garage number of car slots vs number of doors Posted: 08 May 2020 08:59 PM PDT Just noticed an interesting phenomenon recently, and I'm wondering it it's just a design trend or something more. What is the reason some houses have different numbers of doors to hold the same number of cars? For example: A 2-car garage having two individual one-car garage doors versus a 2-car garage having one large garage door? Why do some 3-car garages have 1 2 car and 1 1-car versus three 2-car? The multiple options for 4.... I have been scratching my head at this one. Is it perhaps a regional thing? I live in the Northeast now, where multiple 1-car door sizes seem to be the most popular. However, I used to live in the West and South and it seems like those places are more split, maybe even biased towards fewer bigger doors. My last home in the South had a 3-car garage that was a 2 +1, my new home in the Northeast has a 3-car with three individual doors. I feel like 3+ car garages in the NE are almost always individual doors while, 2-car units are rare, but a few are out there. Could it also be a time/decade related trend? To me, it seems like all older houses have the individual doors for multiple cars whereas only most of the newer do. Is there some perceived advantage one way or the other? I know carriage style doors are the current design trend, but those can be done either way. [link] [comments]  |
| Posted: 09 May 2020 12:44 AM PDT From an investment point of view, is there such thing as buying too much land on a primary residence? Thanks [link] [comments]  |
| What are the implications of land that is on the North and South side of a road? Posted: 09 May 2020 12:28 AM PDT Looking at some land and 15 acres are North of a road with about 5 acres South of the road. It is not heavily trafficked. Is this typically a good or bad thing? What are some things that could happen from this situation? Implications? [link] [comments]  |
| Posted: 08 May 2020 07:13 PM PDT I've accepted a loan estimate from a lender for a refinance, with preliminary title fees at about $1.9k. I chose to go with my original title company, who quoted $1,400 or so, with some discounts for doing a refi within a year. I got an update on my loan estimate, that states my title fees are now $2.5k, with various recording, tracking, and escrow fees thrown in. Where is this extra grand coming from, and who do I call to figure this out - the title company, or the lender? Or this is the lender penalizing me for using a different title company by throwing in extra fees? [link] [comments]  |
| Posted: 08 May 2020 10:49 PM PDT |
| Is it common to ask sellers to pay a portion of closing costs? Posted: 08 May 2020 03:13 PM PDT First time buyer here. I found a house that checks all the boxes for what I'm looking for. I dont want to lose it, but I want to be smart financially of course. The list price is $284,900. I'm going to offer $290,000 and put 10% down, which would leave me about $8,000 in my savings. I would like to keep that as an emergency fund, so my realtor says I could ask for $5,000 towards closing in my offer since I'm offering $5,000 more anyway. But wouldn't that make my offer less competitive? I might as well offer list price as far as the seller is concerned.If someone else offers $290,000 with no stipulations, the seller would choose them. Just wondering since this is my first time buying if this is a stupid thing to do and I should eat all the closing costs..Or if I should offer $295K with them paying $5,000 towards closing. Ive been pre-approved for $300K. Any tips? [link] [comments]  |
| TX best deal on new construction? Posted: 08 May 2020 10:42 PM PDT My wife and I are right on the border of qualifying for DPA. I switched jobs in January for a slightly lower pay but savings of about 600 per month on health insurance. 2019 W2 puts us over, but current stubs would have us just barely qualify. Would lenders look at last years income or this year's? I've also checked out the rebate realtors, but is there a limit to how much can be credited back? Builder will do a credit towards closing, is it a waste to get a discount realtor vs a realtor who can further negotiate with the builder? It's all a little overwhelming.. [link] [comments]  |
| are banks / mortgagee lenders protected from hyperinflation? Posted: 08 May 2020 10:20 PM PDT if there is hyperinflation do burrowers win or do lenders (banks) win? basically if I owe the bank $500,000 but everything will start costing 2x, 3x 4x ... I will pay it off faster ... I couldn't see anything in my 40 year mortgagee that I got once I refinances in 2012 via Obama program, hmmm but where could I get the exact exact rules ... Chase had my mortgagee then sold it to https://www.spservicing.com/ thank you [link] [comments]  |
| Sell House and Rent vs Stay Temporarily Posted: 08 May 2020 10:06 PM PDT I have been planning to move in the near future and given the current economic climate I am considering selling my home now to lock in my equity. My eventual goal is to purchase a larger home in a better school district in the next year or two. My home is currently worth about $230K and I owe about $93K. I figure with realtor fees, closing cost & concessions I will end up with $207K giving me $114K in equity. A decent rental in my area is about $1700 - $1800 per month and my current mortgage is about $900 a month including tax & insurance ($257 of that is principal). I anticipate it will cost me an extra $10K out of pocket or $13K including equity to rent each year. My original plan was to find the ideal house and sell my current home once I was moved in but I no longer think that is a good idea. The houses I am looking at are in the $300-350K range. If I can get a decent sale price on my home I think it may be worth selling and moving to a rental while I keep looking to rebuy. If home prices stay level I am taking a $13K risk to sell now but if they drop I will be in a good position to rebuy. If I stay in the current home and prices drop I could lose a lot of equity I was planning to use to keep my mortgage payment low on my next house. My neighborhood HOA has a low rental cap so keeping my current house and renting it out once I find the next one isn't an ideal scenario. In my area of town schools are very important in relation to home value and my school district has one of the worst ratings in the county. The area is relatively safe and convenient but I anticipate it will eventually become less desirable. Are there any other factors or costs I should be considering ? [link] [comments]  |
| Advice Needed on Disclosure Laws (WI) Posted: 08 May 2020 10:05 PM PDT Going to try to keep this brief/stick to the main points. Wife and I purchased a home 2 months ago - first time home buyers and extremely naive. Made several first-time mistakes that we wish we could redo, but that's not how life works so here we are. House was a foreclosure, purchased by a realtor who flipped the house. After living in the house for 2 months, we've discovered a lot of shots work leaving us to assume the realtor really didn't know what he was doing. (Also do not believe he got permits for anything). Anyway, after 2 months, we started to notice the smell of cigarettes in the house. At the same time, my wife starts breaking out in hives. Turns out the home was owned by smokers and heavily smoked in (cigarette buts in the air ducts; stains on the ceiling coming through, and cigarette burns in the window sills where they put out their nasty cigs). The realtor clearly tried to cover it up. We found dryer sheets stuffed in the ducts and he tried to just paint over everything (which during all of our walk throughs we smelled fresh paint and not cigarettes). Since discovering the cigarette smell, we had the air ducts professionally cleaned and have installed high-quality air purifiers in three rooms. The smell still persists. The walls are clearly a large source (along with the kitchen cabinets), as you can smell them if you hold you face next to the walls. To what extent is the realtor responsible for not disclosing a condition of the home that 1) significantly affects it's value; and 2) causes serious medical issues? Our daughter is now starting to get hives and we are terrified that each day we sit in this house we are exposing our daughter to a significant health risk. Which leaves me irate. (But also realizing our own mistakes made in the deal). We are working with a painter on getting a quote for KILZ renovation, which is likely going to be costly. Again, I would like to reiterate that we made a lot of careless mistakes in our purchase, so please go gentle on us in your responses. [link] [comments]  |
| What is the actual legal threat of backing out at this point? Posted: 08 May 2020 07:04 PM PDT Hello, I'm new to buying property and I recently agreed to purchase a home (we had gotten through the negotiation phase). We had scheduled the closing for today, but I randomly got a call saying that they had forgotten to tell me that the home was in a flood zone and thus required flood insurance. I was told that this detail should have been picked up on much earlier in the process. Because of this, the lender and realtor are offering to pay my first year (although my home payment will increase by about 100 dollars still). I did not think to check if it was in a flood zone as the condition disclosure did not say it was in a flood zone. There is an item on the agreement that reads: " Is the residence located within a Special Flood Hazard Area (SFHA) mandating the purchase of flood insurance for federally backed mortgages? " They answered "unknown" to this, but they did not say yes or no. I learned that they MUST have known it was in a flood zone as they had flood insurance themselves. My loan is not a federally backed one, but they SHOULD have answered yes to this regardless, correct? The inspection yielded a small area of water damage on a wood board in the basement, but the damage had a "splash" effect and was directly behind the water heater, which had recently been replaced. There was no uniform damage indicating flooding in the past. Previous owner also said it had never leaked or flooded. I went today after a heavy ran and saw that the basement was totally dry, so I don't think they are lying about a hidden flooding issue. However, I was not led to believe it was in a flood zone, they didn't indicate it was in one, and my underwriters did not point this out to me when they should have. What is the danger of backing out of the deal at this point? The flood zone is considered low risk, and the house itself is at the top of a sloped property (the house is the top most point). I am leaning towards closing still, but just curious. Thanks, -me [link] [comments]  |
| Posted: 08 May 2020 06:49 PM PDT Before my dad died he hid a large amount of money in our attic and now we are not able to find it. We tried going up there with a metal detector but that didn't work because we kept getting false positives due to nails in the walls. It is also hard to walk around up there because the floor is not finished. Does anybody have any ideas as to how we can find it? [link] [comments]  |
| First Time Homebuyer Questions Posted: 08 May 2020 06:33 PM PDT So we started looking at houses due to the economy right now and interest rates getting lower by the day. Found a house that is a new build (spec home is what our realtor calls it) for $280k. Now we know price is basically non-negotiable but we have some questions on what could be. Some needed info is that the builder (Saussy Burbank) is offering incentives towards new builds to get a one car garage for free which is valued at 16k. If you want a two car garage then you take off the 16k from the price of the garage. The home we want is already built and has been for sale since October 2019, originally $300k. Has upgrades throughout the house but no refrigerator or washer/dryer. Also needs window treatments. Realtor said we could ask for all of that and paying all of the closing costs since this house has already been built, needs to be sold, and we know we could get a custom build with the incentive but the builder would like to sell what is built first. What thoughts would you guys have and is there anything you would look into negotiating? Thanks in advance [link] [comments]  |
| How can i go on about buying property in mexico? Maybe for others at a fee! Posted: 08 May 2020 10:18 PM PDT I (US born) have the ability to gain dual citizenship in Mexico! I am certain you need to be a Mexican citizen to own real estate in Mexico. I was thinking i could help others own property out there as a way to make side income and maybe own my own properties out there in the future. Any info helps! [link] [comments]  |
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