Jacksonville couple sees home appraisal jump 40 percent after they remove all traces of “Blackness” Real Estate |
- Jacksonville couple sees home appraisal jump 40 percent after they remove all traces of “Blackness”
- Obsessively checking listings
- I give up.
- Offer accepted - seller now giving extension to first offer???
- Question: Is it a conflict of interest when the agent and the home inspector are married?
- Real Estate Agent said not to shop around for lenders?
- Is the idea of a starter home ok?
- Should I be concerned that the house I am buying was being sold only 2 years after previous owners bought it?
- Seller wants us to assume loan on financed (NOT LEASED) solar panels?
- Can I close on mortgage with pending criminal charges?
- Is there a way for me (seller) to work a deal with a buyer who wants access to my property 30 days before escrow closes so that I don’t end up with a squatter or having to evict?
- Trying to move out of New York into the country side
- Home Inspection Concerns
- Locked in rate today
- High Voltage Easement in Front of Home
- Home fell out of escrow twice
- Timing on renting home during sale of current home
- Writing a letter?
- Submitted Application with Loan Depot for an FHA 203K Loan and I’m unsure if I got approved?
- House purchase fell through, buying another but stuck in lease contract.
- Are there a lot less homes on sale in NYC right now? How much less?
- Question about selling a mold infested house
- Landlord Charges $500 for "cleaning service"! Security Deposit Dispute. Need advice!
| Jacksonville couple sees home appraisal jump 40 percent after they remove all traces of “Blackness” Posted: 25 Aug 2020 05:48 PM PDT |
| Posted: 25 Aug 2020 08:44 PM PDT Is anyone else consumed by the house hunt right now? I feel so miserable. I check all the listings over and over and it is sort of obsessive and unhealthy. I feel exactly 50% like we need to wait 6-9 months and just keep saving and jump back in when / if there is a market correction and 50% like this might be the last month we can get into the kind of house we want and need before we're priced out forever. I feel like I need something else to transfer this intense energy into, but I don't know what. [link] [comments]  |
| Posted: 25 Aug 2020 09:41 PM PDT I give up. First time homebuyer in LA. Pre-approved, >250k in cash for a down payment. Spent 8 months searching for a property that isn't a dump and money pit but also isn't $1M+ and not 1.5+ hours away from work. Went to dozens of showings. Spent at least 2-4 hours each day on the internet looking at properties and researching other cities within the same county that I might want to consider. Even wrote my own program (I'm a software engineer) that scrapes listings and does my own analysis. With the amount of code I have in it, and the amount of things I learned about real estate throughout the search, I might as well just become a realtor and start my own Redfin/Trulia/Zillow company. I'm done. I'm just sick of it all. I just deleted all my notes, code, MLS accounts, etc. I'm mentally exhausted. Finding a home was my biggest goal this year. I failed. It sucks. [link] [comments]  |
| Offer accepted - seller now giving extension to first offer??? Posted: 25 Aug 2020 02:04 PM PDT This is a mess, just looking for some advice, information below: Submitted backup offer at the end of July with information that seller had just accepted another offer. My offer accepted first week of August - from my (and my realtors) understanding the first offer was off the table at this time. Since then I put down $1000 earnest money, paid for a home inspection and signed everything with lender. Literally the only things we were waiting for were the appraisal and closing (closing date on contract was second week in September) Now selling agent contacts my realtor and lets them know they're giving an extension to the first offer and we are back on backup if that deal falls through. Can they do this? Can two offers accepted at the same time? Especially being that I am this far along in the process and I've already paid for inspections, etc???? [link] [comments]  |
| Question: Is it a conflict of interest when the agent and the home inspector are married? Posted: 25 Aug 2020 06:47 PM PDT We are selling our home. Tonight we came home and the buyer and agent were all at our house unannounced to do a sewer inspection. They had already told us they needed a couple of hours tomorrow for this so this really surprised us. Now, the weird thing though was the realtor showed up with her husband to do a sewer line inspection as well. I haven't sold a home before, but this just seems a bit odd. Perhaps she's just taking advantage of her client and giving her husband extra work. I guess I'm a bit nervous they will try to work in unison to haggle us down. To be honest, after showing up unannounced they won't have much luck. Any help is appreciated. [link] [comments]  |
| Real Estate Agent said not to shop around for lenders? Posted: 25 Aug 2020 12:36 PM PDT Hello! First time poster here and first time home buyer. Thank you all for the great info you provide on this Reddit! I'm reading and learning a LOT but am still somewhat clueless as to the process of all of this... anyhow, here's my question: Spoke with my real estate agent yesterday regarding starting the process of buying our first home and he said to get pre-approved before we start looking. He recommended a mortgage lender who has 100's of 5-star reviews and we asked if we should shop around for others - he said not to bother. But isn't it recommended to shop around for the best deal? When I google this, it says you have 14 Days to shop around for the best deal but I'm also reading that you just need to get pre-approved and you can shop for the mortgage later. Am I missing something? TIA! [link] [comments]  |
| Is the idea of a starter home ok? Posted: 25 Aug 2020 01:11 PM PDT To be honest, at this time all we can afford is a townhouse or a crappy fixer upper, or a house in a bad part of town (we want kids very soon so it's not a good idea, also makes me uncomfortable). But if we buy a starter home now and build some equity to buy our dream home in 5-7 years, is this normal? Or should we hold out for 5 years and potentially be priced out of our state :( we live in the Seattle area so the market is insane [link] [comments]  |
| Posted: 25 Aug 2020 07:10 PM PDT I realize the time for this question was before putting in the offer and not while under contract but the process is making me a bit jumpy as a FTHB. [link] [comments]  |
| Seller wants us to assume loan on financed (NOT LEASED) solar panels? Posted: 25 Aug 2020 10:40 PM PDT So my husband and I just got the contract for the home we hope to buy- the 3rd one we've offered on in this crazy market- they had multiple offers on the table so we were ecstatic when they picked ours! The home has solar panels, which we were originally told were owned, and they are... sort of. The contract states that the sellers took out a personal loan to buy the solar panels and that we as the buyers are agreeing to assume this loan & its payments. They attached the loan paperwork to the contract, and it looks like a $40k loan where they put 25% down initially and have since been enjoying an 18-month interest- and payment-free period which is (conveniently) set to expire around the time we would take possession of the home. The loan is a 25-year term with monthly payments of about $180. It's a 2200 sq ft house and the panel system is huge, so I imagine that monthly payment would still be less than the electric bill, especially in the summer. Is it normal for buyers to assume sellers' solar loans? Remember I'm talking LOANS, NOT LEASES. Everything I read online says this should be the seller's responsibility, and assumption of the loan was never mentioned in the MLS listing or any of the disclosures. We had figured the panels were leased and we'd be taking that over, since that's more common in our area (southern NJ), but I don't know if taking on an extra $30k in debt would screw up our DTI for the new mortgage... plus, the thought of it just makes me queasy. We are already offering more than $20k over their asking price, and although I don't know the sellers' current financial situation, I do know they paid almost $70k less when they bought the house 3 years ago and the only upgrades they really did were the solar panels (which came with a brand new roof). I would like them to at least pay off part of the loan, but in this market I feel like asking for any concessions whatsoever will automatically cause us to lose the house before the contract is even signed, especially since they had multiple offers to begin with. Our agent is going to talk to theirs in the morning but I just wanted to see if this was something anyone else here has dealt with, and how you resolved it. I feel like we are being taken advantage of but that if we want this house in this market, we might just have to suck it up. Of course there are other houses, but it's so hard to even get to this phase of the deal that I don't want to start all over yet again 😩 [link] [comments]  |
| Can I close on mortgage with pending criminal charges? Posted: 25 Aug 2020 05:40 PM PDT A fraudulent police report was filed against my wife and I due to a mentally ill neighbor making up false allegations. We are not aware of any criminal charges that have been brought against us currently but there is a possibility that they may be in the future. The charges would most likely be misdemeanors. My wife and I are building a new home currently and will be closing on the mortgage in 2-3 months. Would a pending criminal charge prevent us from closing on the mortgage? This is in AZ. Thanks. [link] [comments]  |
| Posted: 25 Aug 2020 04:31 PM PDT This is my empty commercial property that someone is interested in. I know with today's atmosphere it can be difficult to evict someone if they don't pay. Is there a way to make this happen safely for both parties? Thanks. [link] [comments]  |
| Trying to move out of New York into the country side Posted: 26 Aug 2020 02:08 AM PDT I recently have come into a large lonesome of money and am looking to start moving somewhere where I can be a at peace. I am looking for somewhere that isn't a city or a suburb. I look on Zillow or Trulia and all I get are searches for apartments. I don't want to move to any major city! How do I go about starting my search? I am looking for something in the range of $1500+ ****IMPORTANT*** I would like to know how to look for a house that isn't going to be a giant money pit where I am not being sucked into repair after repair!! How do you guys go about finding the correct information to avoid that. I just started my business and work from home. Also I [link] [comments]  |
| Posted: 26 Aug 2020 01:18 AM PDT Currently in escrow and one of the findings was that a retaining wall is leaning (about 3-4 ft tall). How concerned should I be with this? [link] [comments]  |
| Posted: 25 Aug 2020 10:41 AM PDT Locked in 2.75% today on a 30 year fixed VA. No points from what I can tell on the disclosure. I'm ecstatic on the rate...just 15 years ago I bought my first home and had an awesome rate of 7.8%. Almost there! [link] [comments]  |
| High Voltage Easement in Front of Home Posted: 26 Aug 2020 12:51 AM PDT Currently shopping for a home and one potential has a 4x4 foot easement at the front. There's a few cinder blocks around it and a grate that contains a sign that says high voltage. Should I be concerned? [link] [comments]  |
| Posted: 25 Aug 2020 02:16 PM PDT I know the advice I'm going to get will sting but I need your honesty. Just be nice when you're honest please. I'm pregnant and vulnerable lol. So my husband and I bought a badly done flip four years ago and we were not aware of how badly done the renovations were. The inspector was a "friend"'of our realtor and he didn't note anything serious. We also purchased with a VA loan and zero concerns were raised during the appraisal process so I stupidly thought the house was probably solid and we bought it. It's a 1960s ranch and it's cute. It looks well done. Typical lipstick on a pig situation. The work is half assed. Well, we bought a new home and we close in a few weeks so we put this one up for sale (new home is not contingent on selling this one, thank God). We have had many showings and gotten two offers. Each time, we accepted an offer and immediately after the inspection they noped out. Here's the thing: to my knowledge, there is nothing god awful wrong with the house beyond being old and having typical old house issues. There is cloth wiring but a lot of it is no longer live. It's been looked at by my electrician and he says it's safe. There are cracks in the foundation and walls (we repaired some) and two structural engineers have said the house is simply aging and no foundation work is needed. I fully expected to get requests for repairs and we are prepared to offer a 10,000 (or more) repair credit to help offset some of the old age issues. But we never get the chance to negotiate because the buyers walk before we get the chance! We priced the house about 10k under comps as well (it's 221k and similar homes are going for around 230). We did some electrical work and put a ceiling in the basement and did a few other little projects. I haven't seen the inspections because I don't want to have to disclose everything I see and my realtor is ... an inexperienced family friend (lesson learned). But from what I've heard about both inspections it was more like "death by 1000 paper cuts" instead of a big smoking gun. Now we have two failed sales and a stale listing. Should I get my own inspection and then proactively get estimates for repairs and attach that to the listing info? I hate that idea but that might be the best strategy at this point. I'm at a loss because I thought I was being realistic by listing on the low end and offering a decent credit. I just want to get rid of this house for a fair price! I don't want to screw the buyers but I don't want to give it away either. Ideas?! TLDR; home fell out of escrow twice because of inspections. [link] [comments]  |
| Timing on renting home during sale of current home Posted: 25 Aug 2020 09:00 PM PDT So here's the situation. I'm about to list my SFH in San Jose, CA, with the intent of renting slightly outside of the Bay Area (Roseville/Rocklin) Area for one year while my employer is allowing remote work. We also are tired of the Bay Area and want to give it a shot for a year to see if we like it up near Sacramento So my question is with regards to timing the signing/move in on the rental while we are selling our home We expect to list our San Jose home tomorrow or the day after. Homes priced well in my area are selling in about 10 days. We found a rental house in the new location that we absolutely LOVE. It meets all our criteria and budget. We drove up last Saturday to see it in person and pretty much committed on the spot. It turns out there is huge demand up in the Sacramento suburb area and rentals are going really fast. We got lucky and the landlords approved our application with a mid September move in. I really don't want to lose this rental, but is it a bad idea to sign the lease on the rental without our current home even being sold yet? My listing agent is pretty confident our home will have huge interest, multiple offers (over asking) within a matter of a few days. That sound good, but I don't want to count my chickens before they hatch. [link] [comments]  |
| Posted: 25 Aug 2020 06:32 PM PDT My husband and I have been in our current home just over 5 years. With a baby on the way, two dogs and a cat, we've starting thinking/dreaming about our next (and ideally) forever home. While walking our dogs, we always walk by a house that we love. Of course I don't know what the interior of the house is like, but outer shell alone it's the dream house. I did some creeping on Zillow, looked up what it sold for last in 2014, what the "Zestimate" or current worth of the home is now. We've noticed that they're updating the roof on their home, which made me wonder if they'd be selling in the somewhat near future (of course, I realize that could be a long shot). My mom suggested writing the home owners a letter. That if they were ever interested in selling, to let us know. I'd be interested in writing a letter, but is there anything that would make that a bad idea? I wouldn't want to come across as one of those "we buy houses" people. Nor would I want them to jack up the price of their home in the future because they know that we'd be interested in it. Anyone have experience in this area? As the letter-writer or letter-receiver? [link] [comments]  |
| Submitted Application with Loan Depot for an FHA 203K Loan and I’m unsure if I got approved? Posted: 26 Aug 2020 12:20 AM PDT So, I had my buyer agent contact me not to long ago informing me that a property I had my eyes on (3.35 acres & a mobile home that needed a LOT of TLC) was currently under contract, but to let her know if there was another home I was interested in purchasing. Luckily for me, there was and she sent me over the lending information and I ended up getting in contact with the local Loan Depot here in my city. Submitted the application and I received an email saying: Dear Epanouia, I want to congratulate you on your decision to start a new mortgage process! Since you'll be receiving quite a few emails over the next few weeks, I wanted to make certain you have all my contact info handy. Myself or someone else from the loanDepot team will be assisting with your loan process, ensuring all questions are answered quickly and completely. Our entire team is here to assist and guide you through the mortgage experience from start to finish! Should you have any questions along the way, don't hesitate to reach out to any one of us. We will make certain to maintain open communication channels and move your loan file towards completion as quickly and efficiently as possible. Don't know if this means I got approved or what, but the home I'm planning to purchase is $82,000 with a decent acre of land. A little TLC is needed on this one, but nothing too drastic. Here's to hoping I got approved for it! [link] [comments]  |
| House purchase fell through, buying another but stuck in lease contract. Posted: 25 Aug 2020 11:40 PM PDT Ok little backstory here - in March I accepted a job transfer which moved me from Louisiana to Ohio. I signed a short term lease on a studio apartment while we looked for a house. We found one and were in contract to buy so I submitted a letter to my landlord to terminate my lease. Then, a week before closing on the house, the appraisal on the house came back $38,000 below offer price - the difference was irreconcilable and the deal fell through. The only option my landlord provided me was to sign a NEW lease through December. Having no choice as I needed a place to stay, I signed it. Now we are closing on another house next week, which hopefully does not have another dismal appraisal. My question is simple - how should I approach my landlord to terminate my lease early without incurring insane buyout fees or other debt? The bottom line is after October, I simply will not be able to afford the cost of the new mortgage as well as my rental fee on my income. [link] [comments]  |
| Are there a lot less homes on sale in NYC right now? How much less? Posted: 25 Aug 2020 07:33 AM PDT Been reading that theres less homes on sale but im not sure if this applies to NYC. I'm asking as a person looking to buy in about 2.5 years (i dont have the funds now) and im wondering if i should expect more homes to be on sales in 2.5 years or not. I'm only interested in coops [link] [comments]  |
| Question about selling a mold infested house Posted: 25 Aug 2020 02:29 PM PDT A friend has a small 3br house in Florida (space coast) on a small lot that's valued at maybe $65k (completely paid off). It's in poor condition and mold infested. They're wanting to move out rather than try to remediate and repair. What options do they have? Are there people/investors that would pay for the lot and house with active mold issues among general disrepair? Could they list the house "as-is" at a 20% discount and find buyers? Might it be worth it to put in $10-20k(?) to clean up the house and sell it for market value (and would the history of mold be an issue?) Looking for any insight or ideas. With the house value being so low, I understand not wanting to put in 10-20k to fix it up. It's not in a sought after community or school district - they might be better off selling at a deep discount to attract an investor / flipper. [link] [comments]  |
| Landlord Charges $500 for "cleaning service"! Security Deposit Dispute. Need advice! Posted: 25 Aug 2020 11:10 PM PDT As the title states, my landlord charged me $500 for a professional cleaning service upon moving out. I moved in to the apartment and it was very dirty (food, hair, and crumbs in fridge, crumbs in the cabinets and drawers, and dirt and wrappers in the pantry). I have photos of all these. Upon moving out I made sure to make it spotless, and I did a really good job. Basically I left it cleaner than when I moved in, but was still charged $500 for a professional cleaning service that seemed unnecessary. It's my understanding that CA law says that my security deposit can only be used for the cost of cleaning to the same conditions as when I moved in. My lease agreement states that the security deposit can be used to "clean premises, if necessary, upon termination of the tenancy." However, another section states that the "upon termination of this Agreement, Tenant shall:" give keys back, vacate, clean, etc. and lastly a sketchy edited section stating "professionally cleaned: Janitorial and Flooring by a Licensed and Insured Professional" So what prevails? CA law or my lease agreement? Basically can I get my $500 back from my landlord with photo evidence that I left the unit cleaner than when I moved in? [link] [comments]  |
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