I don’t know why I have to say this, but CLEAN YOUR HOUSE BEFORE PUTTING IT ON THE MARKET! Real Estate |
- I don’t know why I have to say this, but CLEAN YOUR HOUSE BEFORE PUTTING IT ON THE MARKET!
- Buyers asked and received 5 extensions, now saying they can't close. What are our options?
- Contingency period - sellers winterized the pool
- Future Ex In Laws want to purchase house from us with lawyer versus realtor
- Market is on fire right now
- What’s the difference between a broker, lender and a realtor?
- How soon after closing can you go buy a car?
- Lake Cabin Fever
- Rent or buy?
- New construction stucco cracks- builder won’t fix
- Had anyone sold a property as owner financed ?
- I’m interesting in buying a condo in NYC. Is it a good idea to buy a studio with a plan to use as future rental property, or spend an extra 200-300K on a 1 bedroom and save up to buy a studio rental a few years down the road?
- Developers
- Trying to draft an agreement...
- Best mortgage companies to work for as an MLO?
- Which real estate market has the best looking houses?
- Online Reputation Management for Real Estate Agents
- Does freehold in Canada include mineral rights?
- How much cash up front to sell a house.
- How unique is this home/property? Location- VT
- making sure I have adequate insurance
- Connecting with Real Estate Agents as a student
- Add buyers agent after going under contract
- CA- Seller hasn't signed cancellation
| I don’t know why I have to say this, but CLEAN YOUR HOUSE BEFORE PUTTING IT ON THE MARKET! Posted: 23 Sep 2020 06:53 PM PDT I just got back from seeing another house with absolutely filthy bathrooms. I get it: you have hard water. But there are products designed to deal with that! How about at a minimum you tidy up the carport and throw out your old falling-apart workout equipment? How about setting up your guest room like an actual guest room and don't just throw a mattress and a blanket on the floor without even a bedframe? That's not a guest room; it's a hostage situation! Honestly my Realtor would have fired me as a client if I insisted on showing it like that. When I sold my house, I hired a cleaning service to scrub everything, and we hired a stager to make it look its best. Agents: get your clients to clean up and throw out their shit! [link] [comments]  |
| Buyers asked and received 5 extensions, now saying they can't close. What are our options? Posted: 23 Sep 2020 02:11 PM PDT We've had a house for sale since late April and the buyers have continuously asked for extensions. We've given them an extension every single time. I believe the underwriter has asked them for a lot of things and the buyers for the most part were able to provide them what they needed. This last extension they asked for, on the week we were supposed to close, was supposedly due to a mistake in their perceived monthly HOA cost. The actual cost was $100 more than they (the lender) believed it would be, and because of this the underwriter wanted the buyers to pay down $10000 of their car loan and they would give the buyer an $8000 credit in closing costs. The buyers accepted and signed the purchase agreement addendum for the extension, we did as well. Today our agent sent us an email of her conversation with the buyer's agent. The message is from their agent to ours, as follows:
So basically this deal is not going to go through after 5 months of us granting extensions. The situation for us is complicated because another house has been purchased (although financially we should be okay to cover this cost), and we made travel arrangements which are already paid for (moving abroad). We've sold everything in the house and were basically just waiting for it to close, but now it looks like we will have to cancel the flights and pay additional mortgage + HOA until the house sells, not to mention we have to put it back on the market. Are we entitled to any compensation or recourse? The buyers put $5k earnest money in escrow. We feel bad for the buyers, but we're also in a very shitty position here. Any advice would be greatly appreciated, thanks. Edit: this is the part in the contract regarding financing, if anyone wants to help me interpret it. what i find confusing is that it says the buyer must let us know by the Loan Approval Date that they cannot obtain financing, otherwise the contract continues as if they did obtain financing. The last extension we granted them makes our closing date this Friday, which they won't be able to make.contract states they must let us know "30 days after effective date (loan approval period)" Edit 2: the last extension we signed on the 18th of sept, however, the addendum states that the closing date was extended until the 25th. All extensions say the ONLY following:
also as i understand it, my agent says that they had a loan approval with contingencies, one of which was to pay down the loan, which they agreed to. because of that, we granted the extension (to close, not to obtain new financing) their decision to not pay down the loan now should not (in my opinion) change that we granted the extension based on their decision to pay down the loan. Edit 3: Below is the email from buyer agent asking for this final extension, which we granted. This email was received PRIOR to extension shown in Edit 2 above, and email received shown in Edit 1 above:
The only reason we granted it was to give her time to pay the loan down and close, however they chose to not pay down the loan. [link] [comments]  |
| Contingency period - sellers winterized the pool Posted: 23 Sep 2020 05:49 PM PDT We went under contract this week for a home that has a heated in-ground swimming pool. When we did the showing, the pool was open and appeared to be operational but we didn't look at in too much detail because I was planning a proper pool inspection. Now we're in the contingency period and our home inspection is coming up in a few days. I planned to hire a separate pool inspector to come check out the pool and make sure everything is good, but I just found out from my agent that the sellers have closed down the pool for the winter. Closing the pool down as we head under contract means we can't inspect it now during our contingency period. Also my agent asked if a company maintains the pool so we could at least get a report, and found out the family does it themselves every year. I'm uncomfortable with buying a house with a pool I can't inspect, and just taking the word of the sellers that they properly maintain it and things are good. Has anyone else faced this situation, and how did you handle it? I'd like to ask them to reopen it so I can inspect. It's still September, it's not that cold. And it's a heated pool. That's reasonable, right? Thank you. [link] [comments]  |
| Future Ex In Laws want to purchase house from us with lawyer versus realtor Posted: 23 Sep 2020 12:42 PM PDT Brief background: We're getting divorced. We both still live in the house. It's fairly amicable. Plans are to sell the house and split profit. House is not on the market yet. We got this text today from his dad and step mom and aren't really sure what to think. "if u guys decide to sell the house, we would like "first right of refusal" meaning the opportunity to buy it before it hits the market. We would use attorney rather than realtors. Cheaper that way." Neither of us have sold a house before as this was our first home purchase. We have about $170,000 in equity at this point and we do know we'd have to pay the realtor commission, but we're both a bit hesitant on financial transactions with family. Not to mention completely unsure of how using a lawyer versus a realtor would work. Thoughts or feedback? [link] [comments]  |
| Posted: 23 Sep 2020 07:51 PM PDT I'm about a week away from closing on my first house ever and man was it a wild journey. To buy a house in this market was an experience ill never forget. Luckily, I only put one offer down and that one offer was accepted. That being said, when I toured the property, we saw cars parked down the road waiting to look at the house as well. We were ushered through the house really quick, pushed out and saw a new couple pushed in the back door to keep the flow moving. This is in the midwest in a practically no name town, mind you. This was in the middle of the week and a few days after the showings began. We liked the house and it had what we wanted so we made our best offer...25k above list price, paid closing costs and an expedited closing. There were over 10 offers on the house and all came above the list price. The only reason ours was accepted was due to the fact that we were willing to close as quickly as possible. What I have also learned is that closing quickly in this market is very difficult. Im waiting to get the clear to close right now and was told it typically takes 1 or 2 business days max in a normal environment. Because the market is psychotic, we were given an updated quote of nearly 7 days. We have experienced this with everything...inspectors fully booked, appraisers quoting 3 to 4 weeks in the future just to see a property. This is absolutely bananas...during COVID no less where people have lost jobs. Is everyone else seeing this in your market? [link] [comments]  |
| What’s the difference between a broker, lender and a realtor? Posted: 23 Sep 2020 03:43 PM PDT My husband and I are looking to buy a house with the VA loan, but I'm trying to found out as much info as possible and I'm confused. It's our first time buying a house and I keep being told I need a broker, a lender and realtor. What's the difference? [link] [comments]  |
| How soon after closing can you go buy a car? Posted: 24 Sep 2020 04:04 AM PDT Just curious - I've been wanting a new car, just closed but was afraid to do anything. [link] [comments]  |
| Posted: 24 Sep 2020 03:14 AM PDT I have an opportunity to buy a two bedroom lake cabin in KY. I have the cash to pay in full. Was wondering what you thought of the resale? In the woods, near the lake, ramp nearby. [link] [comments]  |
| Posted: 23 Sep 2020 06:21 PM PDT I got a new job moving us from KC to Atlanta and need to move by January. The question is should we rent or buy at first? We plan to eventually get a house. We currently don't have much to put down maybe 5% but should easily have the rest of the down payment when our current house sells. Just curious is this a good time to buy? Interest is low but I hear current prices are inflated. We also won't really be able to visit to look at houses so we will have to rely on virtual tours. [link] [comments]  |
| New construction stucco cracks- builder won’t fix Posted: 24 Sep 2020 02:48 AM PDT I have a new construction home that's a couple months away from completion. The stucco has at least 20 cracks that I noticed. The builder is saying they won't fix anything smaller than the depth of a credit card. I looked over the contract and didn't see anything mentioned about it. Shouldn't they address all of them? [link] [comments]  |
| Had anyone sold a property as owner financed ? Posted: 23 Sep 2020 12:23 PM PDT I inherited a condo from a relative 5 years ago that has a long term renter (10+ years). Sadly much too small for my family to live in. I am ready to sell and offered it to the tenant before putting it on the market, they asked if I would sell it to them as owner financed. I would really like to sell it to the tenant if possible as she has lived there such a long time. I googled a bit but wanted some clarification. You still have a contract and the buyer still pays a down payment. Taxes and other fees are included in the monthly payment and would be paid by the seller. Usually it's a shorter period of time, like 5 or 10 years with a balloon payment at the end. Is that all correct? Does anyone know how you report this on taxes? What percentage do people usually put down? What about interest? And finally, has anyone sold their house/condo as owner financed? What was your experience like? [link] [comments]  |
| Posted: 23 Sep 2020 10:56 PM PDT Studios would be 500-600K range, one bedroom 650-850K range. Goal is to own 2 apartments eventually, one for living in and one for rental. [link] [comments]  |
| Posted: 23 Sep 2020 08:20 PM PDT Have this developer trying to buy my house so he can build his condos. He's not even offering enough for me to buy a house in similar condition in the same town. He actually tried to get me to go to a real estate attorney that he knows thats how I know he's trying to screw me over .before I talk to a attorney what should I expect ?what should I be asking for ontop of what another house costs.btw hes a private developer so he cant force me out [link] [comments]  |
| Trying to draft an agreement... Posted: 24 Sep 2020 02:16 AM PDT Hi all, I recently purchased a house with my sister. She will be moving out of our parents house and living here as her primary residence, whereas it is an investment property for me in the long run (I won't be living here). We'll be splitting almost all costs 50/50 ( mortgage, maintenance etc). We were trying to draft an agreement to protect both our interests in the long run but we're finding it challenging to come to a solution for the following two scenarios and I was hoping, I could get some insight here:
(I'm half asleep while I'm typing this so please forgive my grammar and any typos) [link] [comments]  |
| Best mortgage companies to work for as an MLO? Posted: 23 Sep 2020 09:56 PM PDT Hi all, I'm currently a licensed loan officer working in refinancing for a very very large mortgage lender. Im licensed in 12 different states at the moment and am in my first year of working as an MLO. Ive quickly realized that I do not believe in the way the company conducts business, and also that our mortgages are insanely overpriced. We mainly take advantage of clients who have not had the opportunity to get another quote from another lender. I've also learned some of our selling points, like fast closing times and simple online experience, are grossly overstated. I know a lot of companies are hiring at the moment and am curious to hear from other loan officers and real estate professionals on what the best mortgage companies are. Id like to work for a company where I can genuinely help others and not feel dirty after selling a loan. Great money is a plus but I need to feel good doing it. [link] [comments]  |
| Which real estate market has the best looking houses? Posted: 23 Sep 2020 11:53 PM PDT I am thinking of pure aesthetics, not affordability. Which area of the country, could be a city or sub region, has the best looking general home designs? Ideally, not just some pockets of wealthy enclaves, talking about even median home prices that are affordable by regular humans but also good looking houses. [link] [comments]  |
| Online Reputation Management for Real Estate Agents Posted: 23 Sep 2020 11:40 PM PDT Reputation Rhino is the best Real Estate Reputation Management company providing advanced online reputation management for real estate agents. https://www.reputationrhino.com/our-solutions/reputation-management-for-real-estate/ [link] [comments]  |
| Does freehold in Canada include mineral rights? Posted: 23 Sep 2020 11:25 PM PDT Adding to that, there's no depth limit on mineral rights is there? [link] [comments]  |
| How much cash up front to sell a house. Posted: 23 Sep 2020 04:54 PM PDT Assuming we sell a house for more than we owe, and didnt need to fix anything in the house, how much cash would we need to pay before close? Or is it all pretty much taken out of the proceeds at closing? [link] [comments]  |
| How unique is this home/property? Location- VT Posted: 23 Sep 2020 07:20 AM PDT Some friends of mine were close to buying this "compound". It looked amazing to me but some easement issues made them drag their feet and they lost the house. Supposedly the sellers paid over $1million to build and it sold for $465K. Any thoughts on this property? Just looking for some general discussion. https://www.redfin.com/VT/West-Rutland/1450-Clarendon-Ave-05777/unit-3/home/91396237 [link] [comments]  |
| making sure I have adequate insurance Posted: 23 Sep 2020 10:18 PM PDT I've done some work, unpermitted. Bought some nice appliances and art. How do Imake sure I have enough homeowners insurance? Any tips? [link] [comments]  |
| Connecting with Real Estate Agents as a student Posted: 23 Sep 2020 10:08 PM PDT Hi everyone, I was just wondering if any agents out there have any suggestions for me. So I'm currently about halfway done with my pre-licensing coursework and am wanting to start talking to other agents, network, and just get into the community. How should I go about doing so? I was thinking sending emails to agents I find and just introducing myself but I'm not too sure. If anyone has any suggestions please let me know! Thank You! [link] [comments]  |
| Add buyers agent after going under contract Posted: 23 Sep 2020 09:46 PM PDT Is there anything a seller/seller's agent can do if an unrepresented buyer gets the property under contract, but then decides the process is too much, and decides to bring in an agent to evaluate their situation and finish? [link] [comments]  |
| CA- Seller hasn't signed cancellation Posted: 23 Sep 2020 03:43 PM PDT Long story short, after receiving the disclosures of a property (FTHB here), we decided we wanted to cancel. We signed the cancellation on our end and sent it off to the seller's agent. Twenty-four hours later, we follow up and seller's agent says they're still waiting on a signature. The next morning (the day I'm posting this), we received our cancellation form from escrow that will return us our EMD. As of now, still no signatures from seller (coming up on a full 2 days since our notice of cancellation). Basically, I want to know how long I should wait for the seller's response. I have no problem at this point negotiating funds as far as the return of our deposit goes. But again, as a FTHB, I'm just wondering if them not signing will somehow trap us into losing all of our deposit. My agent is continuing to reassure us, but this deal has just been getting shadier and shadier from the seller's end. I promise to take everything you say with a grain of salt, but I'm just looking for reassurance. What's next? [link] [comments]  |
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