The Cheapest land for sale in North America is $13.13 per acre in New Mexico and the largest lot for sale is 788,000 acres in Nevada Real Estate |
- The Cheapest land for sale in North America is $13.13 per acre in New Mexico and the largest lot for sale is 788,000 acres in Nevada
- Is it possible to get a construction loan right after closing?
- Home Description Feedback
- What metrics/factors in an investment property indicate improvements in the area/neighborhood and good appreciation are in the future?
- Is it reasonable to require rental applicants to have a minimum credit score of 700?
- Open Door
- What is the best way to buy land out of state?
- Would an agent call rental referee's if you were not at the top of the pile?
- Closing date is at the end of the month, but seller is still pending inspection permits?
- Listing house as “Accepting backup offers” for passive sellers.
- I'm in NY going for my real estate license
- Realtors - Is it normal that my agent keeps pushing me to get estimates on repairs to submit to the buyer before the buyer has officially requested a credit amount?
- California resident looking to buy vacation/rental home in Tahoe. Is there a benefit to buying on Nevada side vs. California side?
- Offering more than asking rent on a place bombarded by applicants with low inventory?
- Seller wants to keep blueprints
- Prospective Landlord Wants 1st months rent and move-in fee before lease signing. [IL]
- Can my mother take out an equity loan or any loan on her inherited house without spousal agreement? Her husband declined on signing a HELOC approval. [San Francisco, CA]
- FSBO - how to price with few comps
- Exterior upgrades
- MIL needs us to co-sign on an apartment
- Real Estate Problems
- How to remove someone from the deed of a home.
- What does $100K get you?
- Confused about Supplemental Tax Bill (California)
- First Time Buyer looking for advice
| Posted: 11 Jun 2020 10:12 PM PDT I scrapped a lot of data for a side project I have been working on and I made a website to display it here: Landperacre.com. I wanted to find out how the States and Provinces rank against each other based on their cheapest land for sale based on per acre pricing. on the website is the data mapped and charted for visitors to view. Side Note: 788,000 acres is easily visible from space and would make the land owner the 71st largest private land owner on earth. [link] [comments]  |
| Is it possible to get a construction loan right after closing? Posted: 11 Jun 2020 04:25 PM PDT We're looking at a house with no garage. We'd like to build one immediately after we close, but we don't want to use the rest of our free cash. Is it possible to finance a construction loan for a detached garage right after closing on our first home? [link] [comments]  |
| Posted: 12 Jun 2020 06:19 AM PDT Hi All, Selling our older home and my wife and I worked with our realtor on this description below (a few details anonymized) - any feedback would be greatly appreciated. Our goal is to hopefully sell the home quickly as we are closing on a new home build in late August and want to have our old home sold and closed by then. We are totally moved out of the home, staying with family nearby, and are having it fixed up and staged, so we've already taken a lot of steps to help with selling the property. Mostly we just want to make sure the description catches eyes and ticks all the boxes buyers would look for, especially since this is an older home. Thanks! The perfect home for outdoor enthusiasts, this beautifully restored historic home from 1900 is just a 5-minute walk down quiet Generic Road to Nearby Lake and its many miles of natural surface trails - perfect for walks, runs, bike riding, fishing, and boating. Enjoy modern conveniences yet appreciate the historic features surrounding you with warmth and charm in this spacious 3 bedroom, 2 bath home. Features newly installed (2017) central air system which improved energy efficiency over 40%, replacing old electric baseboard and window A/C unit system. New hi-efficiency windows were added in 2012, and brand-new fencing was installed in 2019 around the entire yard, perfect for pets and kids. Spacious and sun-filled entry space perfect for use as a family room opens into a recently renovated kitchen with custom wood cabinetry, soapstone counters, large island, heated travertine floors and a massive, showstopper of a wood-burning fireplace, one of the largest in Random County Name. Antique plank floors from a circa 1790 barn and wood built-in cabinets enhance the spacious open living/dining room space that is centered by another gorgeous wood burning fireplace. All new plumbing, aluminum shake roof good for 60 years, and electric was installed in 1985. Large heated bonus room with an attic loft attached to 2 car garage is currently used as a gym but has so many options for use - office, art studio, workshop, or entertainment space. Expansive slate patio with built-in masonry fire pit for outdoor entertaining looks out over a beautifully landscaped yard perfect for relaxing and gathering with friends and family under the shade of a huge maple tree. Separate, fenced-in garden is great for growing your own fruits and vegetables. One minute drive or five minute walk to the Local Train Station to commute into City Name, easy access to highway, minutes from Random Mountain Park and local park name, and close to many shopping and dining options. [link] [comments]  |
| Posted: 12 Jun 2020 05:47 AM PDT |
| Is it reasonable to require rental applicants to have a minimum credit score of 700? Posted: 11 Jun 2020 04:47 AM PDT My rental property is a brand new home located in an "A" neighborhood and rents for $2,400/month. Is it reasonable to require rental applicants to have a minimum credit score of 700? Or should I lower that to 650? [link] [comments]  |
| Posted: 12 Jun 2020 04:39 AM PDT I'm not sure if this is the right sub, but has anyone worked with Open Door before? Was it a ripoff? How much money did you have you put up front? [link] [comments]  |
| What is the best way to buy land out of state? Posted: 12 Jun 2020 03:47 AM PDT I am researching various states to purchase land in. My state is the worst in terms of freedom to build, and I'll leave it at that. The online sites showing acres of land all look like scams. What do you recommend I do? Any help would be greatly appreciated! My new dream is to buy some land in a forest near the mountains and hopefully near some national parks. If anyone has any tips or info please let me know :) [link] [comments]  |
| Would an agent call rental referee's if you were not at the top of the pile? Posted: 12 Jun 2020 03:21 AM PDT We have supplied all requested documentation and my referees have been checked, is it likely that our rental application is the front runner? Is it common for agents to call referees for multiple applicants? [link] [comments]  |
| Closing date is at the end of the month, but seller is still pending inspection permits? Posted: 11 Jun 2020 06:35 PM PDT Hi Reddit family! FTHB here and we're looking for advice and possibly some reassurance with our particular situation. We're purchasing in the DC area with a closing date at the end of the month. This home was previously a row home converted into 2 condo units. Our home inspection contingency window concluded yesterday. Prior to our submission of the contingency, our realtor informed us that the seller is still pending the property tax ID, plumbing inspection, mechanical inspection, and builders inspection. (We're assuming the final inspections?) Because the seller initially wanted to sell this unit in an "as is" condition, we included (with the list of requested repairs) that the seller needed to provide proof of approved permits that were currently pending before/on the close date. Our realtor said he's never seen anyone request that before in his career, though that inclusion was a huge way to cover our behinds (which is what we wanted—to not be liable for anything that didn't pass inspection, everything was done to code, the place would be livable by closing date, etc.). Our realtor said it was common for these flipped homes to remain pending these inspections. So that leaves us wondering... 1.) Is it normal for the seller to be pending these permits? Or does the whole situation sound hinky? 2.) If this is normal, did we somehow screw ourselves by including that request? Thank you very much in advance! [link] [comments]  |
| Listing house as “Accepting backup offers” for passive sellers. Posted: 11 Jun 2020 07:46 PM PDT Are there any rules against a seller listing their house as "accepting backup offers" when they don't have an offer in the first place? Essentially wanting to passively sell their home but only for full list? My wife and I fell in love with a house that was listed at $425k and was on the market for 60 days. We offered a little low at first but then offered $415k with 1.5% in concessions. They instantly told us they accepted another offer and were passing on ours. The day before we offered their agent disclosed that they didn't have much recent action. Now the house is listed as accepting backups and has been for 2 weeks. HOWEVER, I just have this weird feeling that they just didn't want to sell the house to us b/c we potentially upset them with our first offer. And for some reason they didn't think we were worthy of there house or some bs. Also, they clearly didn't need to sell right away.. so maybe this is there way of just riding it out until a hungry buyer willing to pay full price comes along. Then boom, first offer falls through and now the buyer is under contract for full price. It was an odd process. The sellers were present when we saw the house and they just seemed so in love with it. They were commenting about how they liked it so much and how it was such a peaceful place for them. There was no sale sign in there yard. Ultimately making me think they really didn't want to sell. The listing reads pretty ridiculously too... they say their house is the "nicest house in the history of Mandarin Lakes (name of sub)". It's a nice house and we wanted to buy it, but something just seems off. I know, it's a bit paranoid, but just wondering if anyone has ever experienced this? [link] [comments]  |
| I'm in NY going for my real estate license Posted: 11 Jun 2020 05:19 PM PDT I'm currently half way through my course and looking to finish it and take my test within the next few weeks. In NY I heard it's recommended to have a brokerage ready for when you pass your test, how early is too early in the brokerage hunting process. Thanks! [link] [comments]  |
| Posted: 11 Jun 2020 12:53 PM PDT I have not sold before so I'm probably just a noob. But it seems strange to me that my agent has been on me all week to get written estimates (for windows and sewer line repair) to send to the buyers agent - yet the buyer hasn't actually formally requested a repair or credit yet (the deadline has been extended due to plumber availability)? Shouldn't the onus be on the buyer to do that legwork first and submit exactly what they're asking for before I show my hand? Or is this standard? [link] [comments]  |
| Posted: 11 Jun 2020 10:37 AM PDT My wife and I currently live in the San Francisco Bay Area and want to explore buying a property in the Lake Tahoe area. We are up there every weekend during the winter and a handful of weekends during the rest of the year. We'd like to have a place we can use when we go there and then rent out when its not being used. Is there any benefit to buying something on the Nevada side (taxes or otherwise) or will that just be more complicated than its worth? [link] [comments]  |
| Offering more than asking rent on a place bombarded by applicants with low inventory? Posted: 11 Jun 2020 10:37 PM PDT I am remodeling my home and will need to rent for 6-12 months. I've been looking for weeks in my area and inventory seems extremely low for what I'm looking for. I finally found a place that is priced too low and I'm sure has tons of applicants. The asking rent is $2700. I make $12,735/mo, and my credit score is hovering 800. I like my chances but I'm trying to avoid a bind and rent this place as this remodel is going to start Monday, and this house is available soonest. I'm willing to pay up to $3200 for this place as similar places are going for more than that. Btw, this is a management company who simply said they're "going with the most qualified." Help? Thanks in advance. [link] [comments]  |
| Seller wants to keep blueprints Posted: 11 Jun 2020 02:22 PM PDT Hello all, First time potential home buyer. I am in the price negotiation process on a for sale by owner house in Alberta, Canada. I included what I was wanting such as appliances, blinds, etc to clarify what exactly we are negotiating on. The home owner has the original copies of the stamped drawings and stated that these exchanging hands is "... Not normal protocol." I find this quite curious since I can't fathom a reason that she, the person who will no longer own the house, would want to keep the blueprints. Any reasons for this? [link] [comments]  |
| Prospective Landlord Wants 1st months rent and move-in fee before lease signing. [IL] Posted: 11 Jun 2020 08:09 PM PDT I found an awesome unit I'm stoked to move into. It was the lengthiest process I've had so far to secure an apartment (usually just meet and sign, love me some craigslist). I visited the property and unit, sent all of my finanacials, and now I've been accepted! I'm a little thrown off because the prospective landlord wants 1st months rent and a move in fee which totals just shy of $2k. I asked if I would be signing the lease beforehand and she said we would do the lease at a later date. Is this normal? Most things I've been reading say a security deposit to hold the apartment is, but since this is a rather large sum I just want to be certain this is normal and not a blunder on my end. Any and all input appreciated. [link] [comments]  |
| Posted: 11 Jun 2020 10:15 PM PDT |
| FSBO - how to price with few comps Posted: 11 Jun 2020 05:40 PM PDT There is extremely low inventory where I live. A house on the street behind us just sold FSBO, but other than that nothing else comparable has sold in the whole county in months. How the heck do I price? I'm an attorney and plan on doing the contract/forms myself and listing with a realtor if it doesn't sell within a month. [link] [comments]  |
| Posted: 11 Jun 2020 05:20 PM PDT Good day, I own a rental property in a university district of a city, inside is 2 separate units, one is a 3bd on the main floor with unfinished (6'6" ceiling) basement and the other is a 2bd upstairs unit. I currently live in one unit and rent the rest to students, but I plan to buy another rental later this year and will likely be moving from this one. With that, I was wanting to do some low/mid budget exterior upgrades to help the street appeal of the house. The paint around the basement concrete is going to be redone in the coming weeks but I am unsure of the color and I will be getting a quote to pave the side driveway to match the other. Beyond that, I don't know what I should do next. Just looking for some opinions to boost curb appeal and raise property valuation. Here is a link to some exterior pictures of the house, any questions please let me know and thanks in advance! [link] [comments]  |
| MIL needs us to co-sign on an apartment Posted: 11 Jun 2020 07:57 AM PDT My Wife's mother is purchasing our condo after she sells her condo so she can be closer to us and our son. To give us time to house hunt she will be renting an apartment short term (6 months) but needs my wife to co-sign as her mom is retired and basically shows no income. My question is, how much will this affect our mortgage application in terms of amount of money we may qualify for? How unfavorably are co-sign situations looked upon by underwriters? We want to help her out as she's been very generous with us in the past and during this process as well. We are not worried about her not paying rent as she has plenty of cash in savings/retirement/SS, but the apartment will not consider any of that as income. They require her to show income of 3x the monthly rent, otherwise she needs us to co-sign. Any advice or insight is greatly appreciated! Thank you [link] [comments]  |
| Posted: 12 Jun 2020 04:55 AM PDT Hello Real Estate Brokers/Owners/Investors. I was wondering if you may would like to share some common problems with real estate and why? Appreciate your answer. [link] [comments]  |
| How to remove someone from the deed of a home. Posted: 11 Jun 2020 10:56 PM PDT My mother wants to remove my sister from the deed of her home. 20 years ago, my mother added her to the deed. Fast forward, my mother put up the house to bail her out of jail. Up to today my sister has not paid a single cent into the house, and all mortgages and loans only under my mothers name. How can she remove her without giving her any equity from the home? I live in California [link] [comments]  |
| Posted: 11 Jun 2020 12:46 PM PDT OK I know I'm going to get roasted for this question... But knowing that, it's more of a fun question. I'm not looking for EXACT answer just ballpark since I know NOTHING about this. I'm in a relatively low-cost area (New Hampshire). What would $100K of upgrades / work on a house get me? Additional bedroom? Better windows? New bathroom? Again, not looking for an exact answer (I'll get a quote for that) but I'm seeing some things around $100K under budget and having some fun imaging what could be done with that money. So if you did upgrades, what did you do and what was the cost? [link] [comments]  |
| Confused about Supplemental Tax Bill (California) Posted: 11 Jun 2020 06:13 PM PDT I got a 2 bills in the mail (one for 2018-2019 and another for 2019-2020) for a "Secured Supplemental Property Tax". We purchased a new construction home and closed escrow in February of 2019. My understanding for this kind of bill is that if I moved in and paid taxes based on an old property value assessment, then I'd have to pay the difference in taxes based on the new value... fine. However, I've paid roughly $5000 into my mortgage (a year) for property taxes on a home we purchased for $500,000. I confirmed with the lender that they've paid out 2 installments in Nov 2019 and March 2020 for about $5000 total towards my property tax These 2 Supplemental Tax Bills we received are for over $6500 over 2 calendar years (approx $1500 for 2018-19 and about $5000 for 2019-20) and they're apparently saying our current taxes are based off $130,000 valuation, even though our taxes paid are clearly based on a $500,000 evaluation. Of course, it's impossible to get a hold of anyone at the county because of Covid and my lender confirmed they made their property tax payments (and have mailed me a copy). So I'm just kinda confused how after being here for a little over 1 year that I'm being asked to pay a supplemental tax valued at nearly the entire amount I've already paid and then some... [link] [comments]  |
| First Time Buyer looking for advice Posted: 11 Jun 2020 09:54 PM PDT Probably a really dumb question I'm about to ask here, but I'm looking for guidance/advice. My wife and I are first time buyers, and are looking to purchase a $800k new construction in SoCal. We initially planned to put down 20% with help from my mom where she would provide $50k. She pulled out recently (a whole other backstory there that I won't go into), but we still have the remaining $120k/15% or so that we can put down ourselves. Had a couple of questions. Heard about people paying less than 20%, and negotiating for lower APR. The current lender I'm working with is quoting me at 3.5% right now. What's the best way to negotiate this? Is buying the $800k home on 15% down a good deal? The monthly mortgage payments are high right now, but I have a good promotion coming next year that will raise my pay significantly (was supposed to actually happen last month, but my company froze raises/promotions/etc for the rest of the year due to CoVID). Also wanted to just hear general thoughts and advice on buying a home for the first time (sorry, don't really have anyone I can ask questions like this in my life). [link] [comments]  |
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