Seattle to provide eviction protection for 6 months after coronavirus moratorium expires Real Estate |
- Seattle to provide eviction protection for 6 months after coronavirus moratorium expires
- We closed yesterday! It's been a journey.
- First Time Homeowners: We closed today!
- Need some help understanding how Home insurance and Property Taxes work?
- Maybe don’t use all the photos.
- 21, stupid, interested in buying land. What do I not know?
- Does anyone do wholesale real estate in Europe?
- Laminate/hardwood vs carpet
- House Clean before Closing, Used After Closing
- Formaldehyde “smell” in Seller’s Disclosure
- Looking at a house that has been on the market for 4 months, how low can initial offer look?
- Can anyone answer this?
- Home-Flipping Giant Opendoor Says It’s Time to Resume Buying
- Is it a money pit if the Debt services itself?
- Extreme Buyers Remorse
- Whats the best way to figure out whether or not the neighbors are either good or annoying before moving in without having to ring their bell?
- Contact property owner or pay for title search first?
- Can a large play scape in the backyard turn off buyers?
- How do I look up a home's current mortgage record?
- Would you call this normal wear and tear or no, in CA? re: security deposit
- First time home buyers on West Coast to buy on East Coast. What should we know?
- Builder preferred lender being pushy
- Building an Artist Studio and Set backs; can't find code
- Advice on preparing to sell home (1st time)
- Question, how long does it take a real estate agent to write up an offer when you say yes, offer this.
| Seattle to provide eviction protection for 6 months after coronavirus moratorium expires Posted: 05 May 2020 08:59 AM PDT The city council even rejected a proposal to exempt landlords with four or fewer housing units. Potentially difficult times ahead for those investing within Seattle city limits. [link] [comments]  |
| We closed yesterday! It's been a journey. Posted: 05 May 2020 01:55 PM PDT 03/19 - saw house 1, put an offer in that night - sellers were accepting offers and would decide on 03/23. 03/22 - saw house 2, as a back up. 03/22 - sellers of house 1 asked for best and final. 03/23 - offer not accepted on house 1, house 2 has an offer, but is going through counter offers/negotiations. 03/24 - house 2 offer is accepted. 03/25 - oh shit, bidder's remorse. Is backup house good enough or should we continue to look - covid is hitting hard, what should we do??? Apt lease is up in June, buy now or wait a year? Inspections show nothing major, we ask for a minor fix - accepted without any issues. Appraisal happens, we are FHA loan - a minor fix is needed. Financing - while we were pre approved in February and sent in our documents within minutes of their requests, it came down to getting final paperwork sent to us at 10:10am for our closing at 11. I understand how busy everyone is, but wow! 5/4 - Closing happens, no surprises, but lots of paperwork. Lots of paperwork, and then more paperwork. Get the keys from the title company minutes before they close. So many delays and unclear communications, but all is well that ends well. [link] [comments]  |
| First Time Homeowners: We closed today! Posted: 05 May 2020 10:03 PM PDT We became homeowners today, and I'm very excited to share the news on here! I've been reading everyone's posts and have been learning so much about the questions to ask, what to look out for, etc. just really appreciate being able to learn on here. Excited to own our very first home and so relieved not to keep paying rent money! [link] [comments]  |
| Need some help understanding how Home insurance and Property Taxes work? Posted: 05 May 2020 09:00 PM PDT I keep reading a loan estimate document I got and I do not seem to get how this breaks down. As part of closing costs I have two sections Prepaids and Initial Escrow Payment at Closing. The documents states I pay 12 months of Home Insurance as a Prepaids. It also states I pay 3 months of Home Insurance and Property Taxes as an escrow payment This Initial Escrow Payment at Closing section also matches what the Estimated Taxes, Insurance & Assesments (Estimated Escrow) boxes show earlier in the documents My questions are:
This is my first time buying a house and this just doesn't make sense to me. Are these payments more of a deposit, if so when do I get the remainder as a refund? At the end of the mortgage? [link] [comments]  |
| Maybe don’t use all the photos. Posted: 05 May 2020 12:26 PM PDT |
| 21, stupid, interested in buying land. What do I not know? Posted: 06 May 2020 05:01 AM PDT I'm looking to buy land somewhere in the US. I'm located in MA. Exactly where it is I'm not concerned with, it's just a bit of a novelty to me to own some land. I'm not looking at it from an investment standpoint or anything else (I know that I'll have to pay property taxes and will therefor lose money overall). What do I need to know before I go about buying land? Is there anything I should watch out for (even if I don't care about the status of the land at all)? Sorry for such a stupid question. Thanks for any help! [link] [comments]  |
| Does anyone do wholesale real estate in Europe? Posted: 06 May 2020 04:46 AM PDT As title, especially in France, Germany, the UK, does anyone have experience with wholesaling in these countries? It would be wonderful if someone gives me some advice. [link] [comments]  |
| Posted: 05 May 2020 10:00 PM PDT Real estate agents, in your experience what do home buyers tend to prefer? Do they prefer a house mostly w carpet flooring or mostly w laminate/hardwood? Or do they prefer a balance of the two? [link] [comments]  |
| House Clean before Closing, Used After Closing Posted: 06 May 2020 03:38 AM PDT I just purchased an REO home on a renovation loan. The house has a well and full septic, but as with some REOs the seller would not turn on utilities, leaving it to me. The only people in the house after I wound down the whole loan acquisition process should have been the appraiser on a specific date or the seller's RE agent. The fact that the electricity is off (no meter in the box) means there wouldn't be a working well pump or heat. I don't get any water into the house. After closing yesterday morning, I went to the property to acquire the key, which I could not find per the seller RE's instruction, but found the door unlocked. After speaking immediately with my own RE agent, he found out the seller's RE agents moved the placement of the key. I entered the house to check things and found that a downstairs bathroom had been *HEAVILY* used, (which I also alerted my RE agent to; he thought he was off the hook). This becomes an issue as I live in an area that's prone to freezing. With no utilities in the house, this could've presented a major expense. Why was the door unlocked? Am I mistaken in my thought that RE agents are supposed to act as stewards of the property? Who could've left evidence? The house is far off the beaten path. Not many people would've known it was unlocked. Is there any recourse for this? The house doesn't sound "broom-swept" if I walk in to that. [link] [comments]  |
| Formaldehyde “smell” in Seller’s Disclosure Posted: 06 May 2020 02:57 AM PDT Long story short, the owners bought a test kit off amazon and placed it in three areas of the house. They sent them off to some company that provided a report and one test result indicated high levels after being placed inside a kitchen cabinet. Now I've talked to SEVERAL people about this and have not heard of it ever been a big issue for a newer house and CBS construction. Of course we have our diligence period if they accept our offer to do testing but wanted to see if anyone here has come across it or can suggest more questions to ask. [link] [comments]  |
| Looking at a house that has been on the market for 4 months, how low can initial offer look? Posted: 05 May 2020 07:13 PM PDT Me and my SO are looking to purchase our first house together. Tomorrow we are looking at a place that has been on the market since January. It has dropped in price from $459k to $448k in the beginning of March, the only price drop. If realtor.com is correct the home originally sold for $433k back in 2006. Speaking with my agent she found out the home owner is actually the listing agent. She also found out that the roof is about 20 years old and the burner (oil) is also 20 years old but has received regular maintenance. Everything else I will be finding out tomorrow when we go check the place out. This is in a very nice area, with an awesome school district so we are very interested in putting in an offer if the place is something we like. Would an initial offer of $420/425k be too low? Hoping to settle around $430k especially if work would need to be done on the roof, and burner replaced sooner than later. It also does not seem to have a washer and dryer, something every other house we are looking at has. From the sounds of it she thinks we can get a deal on the place, but would she even sell at or below what it was purchased for back in 2006? [link] [comments]  |
| Posted: 06 May 2020 02:34 AM PDT A 10-hectare of land was purchased at Php 400.00 per sq. m. and was developed based on the cost estimated at Php 300.00 per sq. m. based on the gross area. The marketing, inclusive of advertising and broker‟s commission is 15% of the selling price. If the company desires a gross profit of 30% of the selling price, what would be the minimum selling price per sq. m. of the subdivision lots assuming that the saleable area is 70% of the gross area? With solution please, thank you. [link] [comments]  |
| Home-Flipping Giant Opendoor Says It’s Time to Resume Buying Posted: 05 May 2020 08:22 AM PDT Opendoor, which halted purchases in March and laid off more than a third of its staff as the coronavirus kept U.S. homebuyers indoors, will resume operations in Phoenix this week, with plans to reopen in more than 20 additional markets in the months ahead. [link] [comments]  |
| Is it a money pit if the Debt services itself? Posted: 06 May 2020 01:57 AM PDT I have an albatross of a house I bought at the height of my local market in '16. Since moving in I've sunk close to 80k into remodeling it mostly myself, obviously plus the sunk costs of servicing my mortgage. The house is worth 420, I have 80k in equity. The plan was to live here, but I got a job in another city. I'm considering getting out of it vs putting it on the back burner with a PM company. Doing so I could cover all monthly expenses including 10%PM fee, with a generous rainy day fund to cover unexpected repairs. If I cover all mortgage costs by renting it for the duration of the loan term, sell it even for today's value(420k), by my math I have a 17.5% return. This seems...good? What am I missing? [link] [comments]  |
| Posted: 05 May 2020 01:03 PM PDT Rant: We just closed on our first property in an up and coming neighborhood where a few friends recently bought. We found a nice row home on a nice block and got an ok price on it. We put 6% down and got the keys and started painting and making it our home. The second day we heard insanely loud and extremely base heavy music coming from next door. We found out the person next year has a funk band and plays bass heavy music all day at loud volumes. Even when it isn't very loud the bass takes over our entire house and causes us anxiety. It's not very late at night but causes us so much anxiety that we can't even stay in our house. I met the neighbor and he is an "OG" guy on the block, super poor and not mentally stable. There is 0% chance he will change his constant music playing ways. He told me he had a long standing problem with the seller of my house and he eventually moved out and sold the house to us. This neighborhood and individual will not respond well to police if they even come and will only make it worse. The seller never disclosed anything(didn't necessarily have to in PA) and our walk throughs of the house were early morning when it was quiet. Basically we got swindled by the seller and don't fee comfortable in our own home. Question: I would feel guilty selling it and lose like $30k in closing costs alone. Should I bite the bullet and walk away from our down payment? Should We suck it up and be miserable for 6 months then try to sell? Were basically screwed either way. [link] [comments]  |
| Posted: 05 May 2020 09:39 PM PDT I've lived in three different homes in the past 15 years and each time we've had very annoying neighbors that just like to mess with other people for no reason at all (loud music at night, throwing their garbage onto our property, constant yelling heard through the walls, constant wall banging and things being thrown around, etc). Mind you, these are row homes so its very easy to hear people. So thats why I'm planning into moving in a new neighborhood where there are actual spaces in between houses in the suburbs and avoiding city homes. But I'd like some quiet neighbors as well. A few of my coworkers told me to look out for neighbors with lots of vehicles or RVs and big trucks outside of their houses as it could be an indication of loud neighbors. Another one mentioned to look out for dilapitated like front yards where theres just random trash sitting outside (rusted vehicles, broken washing machines, etc). Also what about a neighborhoods home prices in general? Someone mentioned that higher prices tend to correlate with more people with higher income who in general have a much better attitude than cheaper neighborhoods.... but that isnt at all the case in the city I live in where you have people living in near $1M homes but are complete dbags. I usually have a few days off every other week but I dont know if thats enough time to scout outside to just listen and determine the kind of neighbors people are. Its also hard to tell if they're genuinely quiet if you're simply meeting them for the first few times... I know a bunch of people who can fake their first encounters with people but is really a complete piece of shit once you really get to know them. [link] [comments]  |
| Contact property owner or pay for title search first? Posted: 05 May 2020 04:26 PM PDT We had a property survey done a couple weeks ago and discovered that there is an odd 10-foot lot between our property and our neighbors'. We live in an urban area and our houses are already fairly close, so this 10 feet is really inconvenient and would be nice to get back. We have the contact information for the owner currently listed in property records, but our surveyor said we should run a title search to make sure there are no other liens. A title search in our area will cost $200, and we don't even know if the owner is willing to sell it for a reasonable amount (we've been warned that people usually buy up tiny lots like this knowing the adjacent property owners will want it and pay a hefty price). So do we contact the owner first to feel out what they want, or pay for the title search first? [link] [comments]  |
| Can a large play scape in the backyard turn off buyers? Posted: 05 May 2020 09:07 PM PDT We're fixing up our house to sell. I'm in the building trades so I'm working with my coworkers to get it done and it'll lazily probably take a month and a half. My sister-in-law has a beast of a play scape and just told us we could have it if we wanted it. It would be great to give my 4-year-old something to play with while the work is being completed, especially since most of the daycares are still reducing their capacity. I'm a little worried a big-ol monster 3000 of a play scape will turn off certain buyers once we go to show it. We're cool with selling it with the house if buyers want it for their kids, but we're concerned buyers without kids could be out off. We live in Austin, TX which is a pretty young city so a lot of buyers don't have kids. Do y'all think this could be an issue once we go to show? [link] [comments]  |
| How do I look up a home's current mortgage record? Posted: 05 May 2020 06:07 PM PDT My agent was discussing a property with me, and she mentioned she looked up this particular address' mortgage record and that it showed there was currently no known loan on the house. I didn't think anything of it in the moment, but now I'm curious how she did it. I'm assuming this is public record, yes? Does a place like Zillow offer this info, or is it through the MLS, or another site? [link] [comments]  |
| Would you call this normal wear and tear or no, in CA? re: security deposit Posted: 05 May 2020 03:30 PM PDT We just left our rental place after 2.5 years and the landlord has deducted $750 from our security deposit for a paint job that cost like $1850. That's the paint-alone cost, he said. He has so far been non-responsive when asked to give us a receipt for the cost of the paint. Lease said to not clean the place ourselves, as he wanted to use his deep cleaners, which was okay by me. For some reason, I'm not being allow to post videos or pix in this message, but below is a link to one vid and some photos, if anyone has the time to breeze through them. https://drive.google.com/drive/folders/1Xwstwks4LKmFRLAPXCgPc1QZuYyJPiTh?usp=sharing Looks to me like a good bit of it is normal wear and tear -- scuffs, nicks and smudges, which is what the rental agent called them, too-- but I'm probably not the best judge, as I sure would love to get that 750 back. Or a good bit of it. My stimulus check has yet to arrive. And social security only goes so far. What do ya'll think? [link] [comments]  |
| First time home buyers on West Coast to buy on East Coast. What should we know? Posted: 05 May 2020 11:01 PM PDT Number 1 reason is to be closer to family. We are in CA with young boys and all of our family is in Milwaukee area, NY, RI & NC. We will be relocating to coastal NC. I am from WI, my husband from NC. We've been wanting to move for a few years now. We have checked out neighborhoods and area the over the last three years. [link] [comments]  |
| Builder preferred lender being pushy Posted: 05 May 2020 07:38 AM PDT We recently put an offer on a new build and the builder requires that you get pre-approval through their preferred lender within 10 days of the offer being accepted. We got pre-approved ahead of time with the lender, and now that our offer has been accepted, they are being very pushy about submitting documents so the loan can go into underwriting immediately. Keep in mind, the expected completion date of our home is not until October. Is this guy just being overly pushy? Why would you send a loan to underwriting in May when they haven't even moved a piece of dirt on our lot? *Update* Spoke to builder who stated we do not have to move forward with underwriting with their preferred lender and can go with a lender of our choosing. So the final verdict is the lender was being pushy, and has now been told that we are going elsewhere for financing. [link] [comments]  |
| Building an Artist Studio and Set backs; can't find code Posted: 05 May 2020 09:55 PM PDT Im in California. I'd like to make an artist shed with a partition that would house a small carpentry workshop. Id like to put it towards the back yard which is apprx 40'x20'. One of the neighbors built an ADU close to his property line. I can't find anything in my city code about accessory structures. The setback for buildings is 15' from the rear. that would nix this project. I don't want to build it and then have someone complain and have to tear it down. If anyone has any experience finding code. I'd appreciate it. [link] [comments]  |
| Advice on preparing to sell home (1st time) Posted: 05 May 2020 05:47 PM PDT Hi all, First time home seller and post here. Wife and I recently went into contract on a new build near our area (Avondale, AZ). The house won't be built until around January 2021 so we have some time to prep for the process. Any advice on how to prepare? We don't have a realtor yet but thinking of looking for one in the next couple months. We're also open to the idea of iBuyers but with the time on our hands, seems like a traditional agent may be better? Thanks! [link] [comments]  |
| Posted: 05 May 2020 05:42 PM PDT My agent says it's a couple hours and I've been waiting about 3 hours for her to say she sent it. But here in California the clock is ticking on other offers coming in. What's a normal amount of time? [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