Seller wont go away! Real Estate |
- Seller wont go away!
- We've fallen for a home that seems too good to be true. Got a couple questions.
- First time landlord, I want to make a welcome basket for tenant
- On the practicality of investing in US real estate abroad, when one is physically based and living in the EU (Ireland)
- Tenant being bullied out of lease
- What would you do as a new agent?
- Looking for more information about the cost of real estate in mexico.
- Cracked foundation on multiple spots, actively wet!
- Liability Land Insurance
- [Bay Area, CA] Electrical and plumbing upgrade without permit. Does home inspector verifies if it's done up to code?
- Can a buyer conceal who they are from the seller when purchasing a home?
- First Time Quadplex Shopping
- What happens if you make more than low income housing allows?
- Homeowner advice
- First time homebuyer struggles! Please help!
- Anyone shared a vacation/summer home with family?
- Got a home inspection on a brand new build
- Tips for looking to rent a house
- Looking for Realtor who knows VA Loans
- Unpermited work?
- Did I get a decent refinance rate ?
- Wholesale From Your Cell Phone?
- Is investing in rental properties actually worth it?
- Is it typical in the US to ask for your offer to be a blind best and final offers with no negotiation?
| Posted: 05 Jul 2020 02:18 PM PDT Were closing on our first house tomorrow morning at 9AM. We are supposed to do our walkthrough tonight at 7PM. My realtor just confirmed that the sellers are not out of the house yet. Our walkthrough has already been re-scheduled from last week since they were not able to get out of the house. This is becoming extremely frustrating. What can I do? The state is Virginia [link] [comments]  |
| We've fallen for a home that seems too good to be true. Got a couple questions. Posted: 05 Jul 2020 08:41 PM PDT I've done some serious research on a home my fiance and I have fallen in with. It looks like it's had some work done- an addition, new coat of paint, new roof, etc. It also looks like it's been flipped once or twice in the past, and a plot of land nearby has been added to it. It's practically too good to be true. In upstate New York, almost 10 acres of land, 3bedroom, gorgeous views, for under 250k. Seriously- a beautiful place. So my first question is- should I be concerned? It's been flipped/ sold 2-3 times since 2006. Granted, it does look like it's had work done and had land added, like I said, but should that be concerning? We're already pre-approved and a home inspector is coming out to see it this coming saturday. My dad, who's done home inspections, also sort of invited himself along to see it. (My second question- is that tacky? he promised not to intervene and he's true to his word). [link] [comments]  |
| First time landlord, I want to make a welcome basket for tenant Posted: 05 Jul 2020 04:30 PM PDT Hi guys! First off, just in case in matters I'm based in Australia. My SO and I are renting out our old house and have found a tenant with a glowing rental history. She's a single mother with disabilities (she's got family who help her) and she's been down on her luck recently. She moves in next month and I know you shouldn't mix business and personal lives, I don't intend on being this woman's friend but I wouldn't mind a welcome to the house gift. Just something to make the move easier and start off on the right foot. Any suggestions on what would be a good addition to the basket? [link] [comments]  |
| Posted: 06 Jul 2020 04:37 AM PDT Hiya, I'm an Irish 22 year old with €40,000 in savings. I've been interested in the idea of investing in real estate for a while now, but haven't done so due to a number of reasons as Irish properties limit me (i.e. insanely high housing prices here; a landlord cant remove tenants who refuse to pay rent here for 12 - 18 months if they've lived there half a year; etc). However, I also hold US citizenship. Would it be a good idea, or even legal, for me to purchase some duplex (when I have enough money) in the USA, hire a property manager, and just rent out the home from abroad? Is this a good idea, a bad idea? I'll admit I'm a complete noob and have never invested before, but I am willing to try new things. I know US property prices, in some parts of the country, aren't quite as insane as here in Ireland, which is why I ask, and also you dont have as much nonsense laws protecting tenants who dont feel like paying for a number of months. Thoughts? Is this practical, insane, illogical, a good idea, or what? [link] [comments]  |
| Tenant being bullied out of lease Posted: 06 Jul 2020 02:55 AM PDT I am a tenant and rent a room out of a house. I have lived here for 2 years this month. I have never paid rent late, and have accommodated my landlord a lot in the time that I have been here, probably even too much. I always just assumed we had a good relationship and there were never any major problems.... until she asked if I was gonna renew my lease. I told her that my girlfriend and I were planning on moving out of state casually like 3 months ago, and let her know again that my lease expires Aug 1st and that I wasn't planning on renewing. She said it was fine and said she was happy for us, until I left for work that day, she texted me saying I needed my room to be ready to be shown the next day. I told her that was fine and spruced it up just for her. The next day she texted me at work and asked me for rent. I informed her that I had paid my last month of rent when I had first moved in. I even sent her a screenshot of our texts and initial agreement on price and move in costs and let her know that it was also on our lease agreement. She said "oh, you're probably right," and "I don't even know where our lease agreement is lol." So because I sent her the screenshot and she agreed I was probably right I thought that the matter had been resolved. My girlfriend stopped by the next day and my landlord then asked when I was planning on moving out officially, because she already found a renter for my room and she needed to know when he could move in. I informed her that my lease expires on the 1st of August and she said "oh okay, you don't think you can be out by the 13th(of July)?" I told her no, that I don't think that was doable, and also want to just stick to the terms of our lease. I then come home tonight and see that she has left a Pay Rent or Quit notice on the counter where she typically leaves notes to me. I immediately dig up our hard copy lease agreement and double check and sure enough it says (in her own handwriting) that I paid my last month of rent when I moved in. I also checked my bank statement and verified that she cashed the check with our agreed first/last/deposit amount on the day after the lease was signed. I also have the text receipts agreeing to that amount. She has nothing on me right? I think she is just angry because I don't have to pay her this month and times are tough, but what do I do if she continues to escalate this situation? I know I'm in the right. Any advice or tips to get her to just leave me alone? It's hard enough moving out of state, I don't need her threatening me with legal documents too. Help?! Edit: typos [link] [comments]  |
| What would you do as a new agent? Posted: 06 Jul 2020 02:34 AM PDT Hey guys so I'm a 21 year old realtor in Phoenix AZ. I work for HomeSmart as a "solo" agent but I have a mentor that I do check in with every two weeks or so. I literally do not have one bill (not trying to brag just have good parents that want me to get far in my career and support me in the ways that they can) so really no problems there for debt to income and my credit is good for being 21 I just sold my first two homes and have made around 10K. I want advice on how to make this money work for me. I understand all the different ways I can put it into a Roth or a high interest savings account and have my money make money for me. That's a great idea but but being in real estate I honestly don't know when my next commission is gonna be. How would you use this 10 grand? Would you use it to fill your pipeline and buy leads? Or focus mostly on just marketing? Maybe say screw all that and save the 10 grand and try to buy an investment property? Someone please give me a little guidance so I can get a full nights rest without stressing so hard anymore lol [link] [comments]  |
| Looking for more information about the cost of real estate in mexico. Posted: 06 Jul 2020 02:19 AM PDT Planning to have dual citizenship since I qualify and wanted to buy real estate. My friend told me it is really cheap, so I was wondering how cheap? And is it cheap to buy land and build a house on that land too? I been looking but I am confused on what is what. Thank you. [link] [comments]  |
| Cracked foundation on multiple spots, actively wet! Posted: 05 Jul 2020 09:15 PM PDT My husband and I are under contract on a home of undetermined age (80-150yrs, unclear) in Ohio. Great large parcel of land and home looked ok on surface, needs cosmetic work. But inspection revealed foundation cracks with seepage in crawlspace where mold has been found. During another estimate I looked and saw evidence of large amount of water coming thru during a rainstorm. Mold will be remediated at seller's expense. But these cracks are scaring us away. Also needs electrical work, masonry, roofing. Is there any way this deal is salvageable? Price already at top of budget, pushing 800k. We've hinted that we will ask for repairs but now not so sure it's even worth it. [link] [comments]  |
| Posted: 05 Jul 2020 09:00 PM PDT I'm in California and recently bought almost 4 acres of vacant land. I plan to put up a fence and gate to keep trespassers out. What would the land be called then as it would have a structure on it? [link] [comments]  |
| Posted: 05 Jul 2020 06:44 PM PDT I was looking at a house that had brand new copper plumbing, upgraded electrical panel. But seems like it was done without permit because I couldn't find any on the city permit records. I'm not comfortable in learning that the home insurance might not cover unpermitted work, so have decided to pass on this house. But have a few questions just for my own understanding:
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| Can a buyer conceal who they are from the seller when purchasing a home? Posted: 05 Jul 2020 12:10 PM PDT I have a neighbor who owns a house in front of me and we've had some issues involving litigation these past couple of years. Currently he's claiming adverse possession on a portion of my land from the lot to my north. He doesn't actually live there though and the house is just a rental property to him. I plan on being in my house for many decades and if he ever went to sell his place I would be highly interested in buying it. Is there any way to conceal my name during the purchasing process, perhaps purchasing under an LLC or under a trust or something? [link] [comments]  |
| Posted: 05 Jul 2020 11:38 PM PDT I've purchased three houses over the past few years, and I'm selling them off one by one. By the end, I should have enough cash on hand to buy a quadplex in my hometown and move back. Is there anything to consider when buying multifamily that I don't know about? Do you crunch the same numbers to decide if it's worth it? Anything to look out for in inspections? Just plan on looking over the next year or so and want to know what to keep in mind. [link] [comments]  |
| What happens if you make more than low income housing allows? Posted: 05 Jul 2020 07:31 PM PDT Not sure if I'm in the right place for this, but it seems to have a lot more knowledge about apartments then where I was going. My job by itself puts me in the brackets to be able to live in low income housing. My job also has a bunch of overtime possibility that I could take which would definitely take me out of the bracket. Would I get kicked out if they suddenly see that? [link] [comments]  |
| Posted: 05 Jul 2020 03:08 PM PDT A few years ago my girlfriends mom died and her and her sister inherited the house 50/50 their dads lived there for years paying for everything to live there. He recently moved out and my girlfriend and I moved in, it's already been established that we'd maintain/pay for everything including 100% of the taxes. Her sister is now demanding we pay her an extra $500 a month so she can make some money off it because she wants to turn it into an air bnb but can't if we live here so this is the compromise. My girlfriend says theres nothing we can do and just have to go with it and pay her. Is this true or is there something we in fact can do? Not sure how much it matters but the place is not that nice and I can't really imagine anyone actually paying a lot to stay there. [link] [comments]  |
| First time homebuyer struggles! Please help! Posted: 05 Jul 2020 10:15 PM PDT So I am in the beginning process of buying a new construction home and I wanted to know what advice you guys can give me to ask the builder and my real estate agent. I've been pre-qualified by one lender but should I also try to pre-qualified with other lenders? Or will doing that hurt my credit score even more? [link] [comments]  |
| Anyone shared a vacation/summer home with family? Posted: 05 Jul 2020 06:18 PM PDT My family is looking to potentially buy my grandparents vacation home with my aunt and her whole family(4 kids in their 20s) Just wondering how you figured out the logistics of it like renovations and who goes down when ect. I feel like there might need to be a schedule because otherwise my aunt and her family would be down every weekend. [link] [comments]  |
| Got a home inspection on a brand new build Posted: 05 Jul 2020 06:38 AM PDT I followed this sub's advice and got a home inspection on a new construction. We weren't terribly concerned because of how thorough the builders were (noticing things I didn't notice on final walk-through). The comes with a 30 day everything warranty, including touch-up paint for moving in, so it's in the builder's interests to have it perfect before closing anyway. The home inspector didn't find anything out of line. The only thing he noted was that the outside power outlets weren't GFCI outlets and he recommed they be changed. I've never seen that on any house. At least now I have peace of mind. [link] [comments]  |
| Tips for looking to rent a house Posted: 05 Jul 2020 09:51 PM PDT Hi everyone. My mom is looking to rent a house. She's scheduled her first tour tomorrow, but she has no idea what to look for and what to ask. I'm going with her, but I don't know anything about this either. Could anyone give her/me some pointers about how to go about getting as much important info out of a home tour as possible? And what are some important things to look for in a house/community? [link] [comments]  |
| Looking for Realtor who knows VA Loans Posted: 05 Jul 2020 09:29 PM PDT Hi all! Sorry if this is in the wrong thread, just looking for some help in finding a realtor in southern California. Specifically North Orange county in the Brea, Placentia, Fullerton area. I'm looking for a realtor/broker/Agent who knows how to handle clients using the VA loan. Obviously using a VA loan comes with many pitfalls, such as not being as appealing to a seller or other things like the appraisal, inspections and closing costs. I have found it extremely difficult to find a veteran/ VA loan friendly realtor down here. Many are very stand-offish or act like they are doing me a favor. Telling me things I already know like "Well I'm not sure if we should even make an offer because you're using a VA loan." I just want someone who can help me weave through this long process so my wife and I can finally have a home. A little background.... my wife and I have extremely good and stable jobs. I am a veteran with a VA loan (First time use). We make (giving a range for security reasons) between 300k-450k a year. We just don't have cash on hand because we just finished paying off our student loans. Which is why the VA loan is appealing. The reason we aren't trying to save money before buying a home is simple. We are getting old. We want to start a family and we don't want to wait. Especially with interest rates so low. Any help, direction or suggestions are much appreciated! :) [link] [comments]  |
| Posted: 05 Jul 2020 08:25 PM PDT Inspection came back with some troubling signs. Some faulty electrical work, possibly an unpermitted bathroom and a patch from a leak. Sellers disclosure showed that no unpermitted work was done and no leaks had happened in the basement of the property. either they were untruthful or we don't have all the information. We like the house but don't know if this will causes problems if we try to sell down the road, or if retro-actively getting a permit is a good idea. I think the electrical issue could be an easy fix. However I'm not so sure about the bathroom. If seller can show a permit for the bathroom then that will solve that issue. However if they cant what should I do? [link] [comments]  |
| Did I get a decent refinance rate ? Posted: 05 Jul 2020 07:47 PM PDT Got a 3.5 on a 15 year fixed loan on 117,000 with .375% points. Should I proceed or just start over ? [link] [comments]  |
| Wholesale From Your Cell Phone? Posted: 05 Jul 2020 07:32 PM PDT I know how many scams are out there, including totally unrealistic YouTube videos on this topic. However, I've been shown proof on this recently and I'm wondering if anyone has tips on how I can just go for it? My understanding is that I am able to find motivated sellers with equity, offer to purchase the home for a lower price(since some people are just trying to sell the house asap), and then advertise the home for my chosen price...all over a mobile phone. I'm looking for guidance from people who like to see others succeed. Let's build each other up! [link] [comments]  |
| Is investing in rental properties actually worth it? Posted: 05 Jul 2020 01:16 PM PDT My partner and I (early 30) are looking to get our feet wet in property investment. We've done some pretty extensive research but I'd love some firsthand accounts just to gain more perspective. Background We're in our early 30s, both have good credit scores (~800) and have about 50k set aside as a down payment. We're looking at a total investment of 200k( so ~150k loan). We live in Brooklyn, obviously investing here is out of our budget and comfort level. I grew up in Cincinnati, OH. I visit frequently and my entire family lives there still, and i'm familiar with the neighborhoods and have a good sense of where to invest. My family being local is convenient, my parents are both handy, my dad is retired, and they'd love to help out however they can. They also have a pretty expanded network of people (electricians, contractors, etc) that would be a great resource. With our combined income we feel confident that we could take on an additional $1k-$1,200 extra a month indefinitely if needed, but hoping it would only be for a few months depending on which route we take. Our only current expense is our rent. No cars, no kids, no debt. Question 1: Buying a turnkey property vs renovating Our initial thought was investing in something with 50-70% of our budget, and spending the rest on updates. Looking at strictly cosmetics: updating appliances, painting, sanding floors etc. Assuming a 2-3 month turnaround time max. Maybe some light reno work (i.e., opening a floorplan up) if we could avoid rerouting any electric or HVAC. Obviously updated kitchens and could demand slightly higher rent, but now second guessing if dumping money into cosmetics of a property to rent it straight away is naive. We have no intention of ever living in the house. Question 2: Buying a multiunit vs single family house Obviously aside from the obvious Cons: interacting with and sourcing multiple tenants, more time, more risks, more chances for things to wrong or break. There is a chance for more potential monthly profit. Future Plans We love the idea of investing in something to have passive income in the future. Ideally we'd like to have an investment portfolio sufficient enough to pay our monthly overhead, freeing up our income to save or invest in other ways. We'd also like to be a part of some light renovations and work our way up to more extensive jobs as we plan to either gut reno or build a house for ourselves at some point in the next 5-7 years. We've lived on the east coast for 10 years and realize it has a shelf life for us. Eventually we'd either want to be closer to family or live on the west coast. Any opinions or advice would be welcome! [link] [comments]  |
| Posted: 05 Jul 2020 02:44 PM PDT One of the main issues we have had is that most of the houses in the market would have a 72-hour window where you would have to put your best and final offer. The issue is there is a lot of things we might be willing to do as part of a negotiation, like take the house as-is for 5k less, do the full amount and not take the appliances, offer 2k more if they restain the deck, etc. Also even with an escalation clause, you are almost guaranteed that they will figure out a way to get it to go to the max amount because it's on the honor system anyway ( our agent said that they would never ask for proof...), and you want to keep a little wiggle room for unexpected after the offer, but again if they were willing to negotiate on certain things that would decrease our risk we could offer more. On the seller side, it is atrocious too because they might accept an offer and then have people negotiate on every single tiny detail. At the same time, I don't think it's fair to ask for first-time homeowners to do as-is frankly, which is the only way to ensure that you will get the house if your offer is the highest. Is it the default to have to go in blind and gamble? Most people I know where able to negotiate with the seller before putting their final offers and it seems that it would be better for everyone. [link] [comments]  |
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