Person showing up to your house after bid was rejected Real Estate |
- Person showing up to your house after bid was rejected
- renovations vs repairs
- Would you buy a house where the backyard has a stone fence but behind the fence is a road? two lanes on both sides
- How do you thank/help a great landlord?
- Just closed on a house — can I sell it?
- Husband and I are freaking out about selling and buying at the same time
- If/when the housing market crashes, do new construction home prices also decline?
- Rate my parents new mortgage. I’ve been checking their options.
- Which upgrades are worth it when buying a new build?
- Jumbo vs Conventional Loan Interest Rate and Down Payment Amount
- Parents closed on house, took over keys, unwanted POD storage unit in driveway.
- Proof of Education (WASHINGTON STATE DOL)
- Satellite Dish Removal; impact on home inspection and/or final walk-through prior to settlement/closing
- [Seattle] My rent is super cheap. Does it make sense to buy?
- [AZ] Can you back out of a Zillow offer after they complete inspection?
- 2 smaller apartments or 1 bigger one
- how to get into wholesaling?
- Is current income factored into mortgage application?
- My Drivers Licences is expired. I can't renew it. We are scheduled to close on 9/18
- Is it better to buy property as soon as you can, or save up and wait to buy something better?
- Is this right advise from realtor ?
- Should I be wary of signing a joint lease?
- Can I give offers till expiry date of Preapproval letter?
- It's probably too early to feel discouraged, but man it feels bad to be a buyer so far.
| Person showing up to your house after bid was rejected Posted: 07 Sep 2020 01:56 PM PDT It was so strange. Today, I am sitting in my living room with my kids watching a movie and I get a knock on the door from a woman (who rode her bike to my house) who just asks why we didn't accept her son's offer. She goes on to describe the offer and wants to know first why we wouldn't accept it and second what we did accept. The whole time I am just giving her this confused like "what the hell" look and just respond "I am not comfortable discussing this with you". She gets really uncomfortable herself and says she doesn't understand why I can't share this info and that her son is into the same music as me (I have a bunch of records he must have gone through or something). I just said bye and closed the door. Felt super strange but I have never sold a house before. Is this common? edit: SHE JUST RODE BY ON HER BIKE AGAIN WITH HER HAT PULLED DOWN. [link] [comments]  |
| Posted: 08 Sep 2020 05:07 AM PDT ive got a townhome in an affordable metro area. my neighbor is doing a facade replacement on their side, theres a common wall and it was built with siding in common, no HOA rules. my 2 choices are stabilize or rebuild my side of the brick. the deteriotion will be evident at the new seam between our sidings. its kind of masked/blended by the continuous wall to someone not looking for it but theres outward bowing. recommended repairs are quoting at almost 18000 but theres history of leaks so i would probably have more interior side remediation once the structure is stabilized, full replacement is quoting at 30000. i have about 5000 in repair work that will more or less be common to both choices. so the difference is about 15000+interior finishes that i will likely DIY with some luck and assistance from friends. the full on replacement will im sure also have some interior finishing that i dont have a scope on yet but that would have to be seperately done after the rebuild. in the neighborhood maybe 10% of properties have had rebuilds and there are some that are in obvious need of it and are the older residents so they may eventually get gutted and rebuilt. prior to the pandemic i was getting cold calls and weekly real estate agent flyers offerring to buy or sell on my behalf so i think it was/is an attractive area but prices arent like NY or SF. its the second largest amount of money, behind the mortgage that i would be taking on as debt and will need to finance it. is a facade rebuild a significant appeal? I may sell in a couple of years prior to this outcomes of inspections and consults we were going to hold and test out renting and airbnb once we moved. i have 2/3s of the mortgage paid off and was on track to pay off in 3 years but ive stopped extra payments to principal with pandemic uncertainty. relatively stable job at least no red flags occuring in the next 2 years. im leaning toward the rebuild mostly because i dont know if i can be confident in the repairs longevity, and the contrast of new and old may turn away buyers. i will also need some updates in the future to bath and windows which is more near term costs. im looking at HE loans or line of credit. id appreciate your opinion about repair / replace and recovered costs when time to sell. [link] [comments]  |
| Posted: 08 Sep 2020 06:59 AM PDT Hi all, Pretty much what the title says. We've seen a house that we like the front and inside of but the backyard "neighbor" is a road. You can hear the cars as they go by when you're outside but not when you're inside. My husband and I are not much for sitting out outside, cause usually it's too hot and he says we won't be out there long but I'm thinking when we do go outside do I really want that as my "ambience". The houses in our price range are being snapped up quick and there is no guarantee that we will get it. We saw it a couple of weeks ago, and it went to pending in a day or two but now it's back to active. My husband really likes it and thinks we should bid on it. Partially I think he's frustrated with the market but mostly I think he likes the way the house looks. I'm worried about the back being on a road, resale value down the line or trouble selling it. I know currently it's a seller's market but what about 10 years from now. It will need new flooring in the bedrooms and hallway and possibly a new tub. Does anyone have a road as their backyard, how is it living there? Would you buy something like that again? [link] [comments]  |
| How do you thank/help a great landlord? Posted: 08 Sep 2020 05:41 AM PDT I'm living in Europe. I have to leave a wonderful landlord and move due to life circumstances. Ive dealt with so much in the past, it's clear this landlord really knows what he's doing, and really cares. What would you, as a property/renter want for a great transition? If you're curious I lived with some weird landlords in Oakland, and Richmond California, Cleveland, OH area as well. But I have also lived in some bad to great places in Scotland, England, Austria, Germany, and now Czechia. [link] [comments]  |
| Just closed on a house — can I sell it? Posted: 07 Sep 2020 07:01 PM PDT I recently closed on a house (~2 weeks ago) in New York City. This was a long time in a making, but right after closing, a lot happened and I just got relocated by my job to a city about 2 hours away. I was wondering if I can put my house back on the market this soon. What are the problems that can come from this? Due to the nature of my work, I won't be able to/ don't have the energy to make the 4 hours commute back and forth everyday, and I also can't afford to pay mortgage for this house AND rent an apartment in the new city I will be working in. In a perfect situation, I would sell my current house (that I JUST closed on 2 weeks ago) and buy a new house in the new city I'll be working in. Any advice would be appreciated. [link] [comments]  |
| Husband and I are freaking out about selling and buying at the same time Posted: 07 Sep 2020 06:38 AM PDT So my husband and I (27MF) are selling my parent's double wide and almost 10 acres of property. None of it is in great condition but we have been living here since my parents passed because it's paid off. We both don't have great jobs and make slightly under 50K a year combined. We also don't have a ton of debt except a car payment and a small student loan. We've always been to afraid to leave here because it's always been safe even though we are miserable. When my mom died we put about 50K into restoring the house and it got us nowhere. I was too you g and grieving to realize I should have bought a house with it and sold this for whatever I could. Now with the market being good, we decided to get our property assessed and are trying to sell it for 100K however there's a lot of brush and junk we need to clear and my husband and I both work and go to school full time. We went to look at a few houses Saturday found one we really want for 107K that has been on the market for over 90 days. We are so anxious and stressed out now because we don't know how long our property will take to sell and we aren't sure if we can afford a mortgage. We are meeting with our financial advisor this week but are going stir crazy because we don't want to lose this other house but we also can't afford to sell our current property for much less than 100K. We have no family or anyone to help us so any help/advice would be much appreciated! Note: We live in Georgia USA and our property backs us to a river. Edit: My parents passed away years ago so probate isn't an issue. We invested the life insurance policies so we do have that but it's not quite 100K. And to sell our investments outright would be a huge tax bill next year. We are thinking we may have to apply for a USDA loan and when the property sells use the profit and sell a little investments to pay off the mortgage. But we aren't sure yet. [link] [comments]  |
| If/when the housing market crashes, do new construction home prices also decline? Posted: 08 Sep 2020 05:23 AM PDT My boyfriend and I own a home (27MF) in Massachusetts. The housing market is high right now and we are estimating to pocket 100k from the sale if we list it soon and all goes well. We want to build a new construction home, preferably in a development where builders have already purchased the land. We can live at my boyfriends parents house however long we need during the build. We haven't found a neighborhood/builder yet but I wanted to know that if/when the housing market dips, will the prices of these types of new builds go down as well? If so then we could wait. Or will it not be that big of a difference and we should just try to find something as soon as we have the money from the sale to use as our down payment? Additionally, if/when the housing market falls, will there be less new construction homes on the market or does that not play a factor. Thanks! [link] [comments]  |
| Rate my parents new mortgage. I’ve been checking their options. Posted: 08 Sep 2020 04:56 AM PDT Parents got a 20-year mortgage in April 2020 for $180K, 3.375% rate. I've been seeing a lot of rates on here claiming 2.5% or lower so I've been looking into refinance options for them. Couple points: They have no interest in a 30 year term, they are 45 yrs old and want the home paid off by 65. They are not paying PMI and they don't want to INCREASE their monthly payment. Currently paying around $1020. I looked into a 15 year refinance and even if they were to get a 2.375% rate this would still increase their payment by about $175 per month. (Which they don't want to do) How would you rate their current mortgage? Should they just sit tight and keep it as is? [link] [comments]  |
| Which upgrades are worth it when buying a new build? Posted: 07 Sep 2020 07:02 PM PDT We're planning to buy a new build. It'll be our first new build and would be our dream home. Which upgrades are worth it and which can be done easily later? [link] [comments]  |
| Jumbo vs Conventional Loan Interest Rate and Down Payment Amount Posted: 07 Sep 2020 03:12 PM PDT Looking at a house that's a little over $1M. We are currently being quoted at 3.125% for a 30yr jumbo loan with 20% down (200k) from our primary lender. Our backup lender is saying that if we put 25% down (250k), it would get us out of jumbo territory and he could get us a rate of 2.5% on a conventional loan. Does it make sense to pony up the extra down payment to get a rate that's lower by 0.625%? With some napkin math, the payment lowers by ~$470/mo. That would mean almost 9 years to recoup the $50k. We could make it happen, but it's also nice to have the 50k in cash for potential renovations, unexpected repairs, new furniture, etc. The extra 50k wouldn't deplete our cash savings, but I'm not sure if the lower rate is worth it if it takes 9 years to break even. Would greatly appreciate any additional input from you folks. Thank you! [link] [comments]  |
| Parents closed on house, took over keys, unwanted POD storage unit in driveway. Posted: 07 Sep 2020 02:22 PM PDT After what was a very difficult deal and some very mean spirited sellers, my parents finally took over the keys to their house last night. Unfortunately the owners have left a POD storage unit in the driveway and have been texted via the sellers unresponsive agent (she only will give information to you, she won't respond to communication initiated by my parents) that it will be there for at least 5 more days. My parents are supposed to move in 4 days. One other detail is that my parents can't use their agent anymore to help at this point. She and my dad are business associates and she is sharing the commission at a level where we are fine with her saying "I'm out of if from here...." Anyone have any advice? There were lots of issues when my parents took the keys too (place was NOT cleaned, dog hair everywhere, dog shit in back yard etc). **EDIT** PODS has been called and is unresponsive. They let us file an incident report to document that we called but they don't have a service where "the POD can just be picked up any moved away by someone not on the contract". [link] [comments]  |
| Proof of Education (WASHINGTON STATE DOL) Posted: 07 Sep 2020 09:41 PM PDT Hello, Does the Washington State Department of Licensing (DOL) need proof of High School Diploma or GED when you go to apply for your Real Estate Brokers License? [link] [comments]  |
| Posted: 08 Sep 2020 01:22 AM PDT Will a home inspector make note of a satellite dish mounted to the side of the house that has obviously created holes in the siding and house structure behind the siding IF the dish is not a conveyance item and the owner intends to physically remove it just before settlement and closing? I am new at this, but it seems to me that this scenario, if not remedied immediately by the owner would be flagged during the final walk-through just prior to settlement and closing because the home would not be in the same physical condition as it was at the end of the inspection done earlier. How much does it generally cost to repair the holes; replace the affected siding and match the paint as much as possible? Three more non-related questions: Should a lawn sprinkler system be included among the items to be conveyed in the home purchase contract? Are lawn sprinkler systems generally purchased as I believe them to be or can they be leased as well? How much do lawn sprinklers add to the monthly water utility bill? [link] [comments]  |
| [Seattle] My rent is super cheap. Does it make sense to buy? Posted: 07 Sep 2020 07:08 PM PDT I live in Seattle proper, but I'm looking to move into a SFH for more space (along with everyone else). I've been saving a good amount of cash because my rent is super cheap for Seattle ($1400 for 2bd, split in 1/2 with GF) Right now I'm looking at the amount of dead money I would be "burning" every month (interest, PMI, HO insurance, etc.) and it's always in excess of the $1400 I'm currently "burning" in rent. I've calculated that right now, anything over $380k is going to have >$1400/month in interest (10% down, 3% int rate) I can afford to be patient in finding the right house, but am I thinking of this the right way in terms of dead money paid in home ownership vs. dead money paid in rent? From a strictly financial perspective, does it only make sense to buy when your estimated dead money < your current rent? [link] [comments]  |
| [AZ] Can you back out of a Zillow offer after they complete inspection? Posted: 08 Sep 2020 12:53 AM PDT Zillow loves to spam me with house offers, obviously to resell it at a higher price once they come at me with a laundry list of fixes that will drastically reduce the price they are flashing now. I wouldn't mind that free inspection though for later on when I do plan to sell it. Has anyone actually had them come out and do it? [link] [comments]  |
| 2 smaller apartments or 1 bigger one Posted: 08 Sep 2020 12:32 AM PDT What do you think about this. Is it smarter to seperate a house into 2 smaller apartments or a single bigger one? [link] [comments]  |
| Posted: 08 Sep 2020 12:28 AM PDT I just turned 18 and recently heard about wholesaling and it grabbed my attention. I want to learn about, can anyone help me or give me tips? thanks😁👍 [link] [comments]  |
| Is current income factored into mortgage application? Posted: 07 Sep 2020 03:38 PM PDT On my 2018 and 2019 tax returns, my income's stated were $75,000 and $108,000 respectively. Starting from mid 2020, I am now making around $180,000/year salary. I am now considering buying a home this Dec 2020. I have ~2 months of bi-weekly paystubs showing that I make $180,000/year, which is also stated on my current employment letter. Employed salary, no debts, credit score 750+ Will I be able to get a higher mortgage amount approved using my current income, or can a mortgage amount be approved based only on my past tax return reported income? [link] [comments]  |
| My Drivers Licences is expired. I can't renew it. We are scheduled to close on 9/18 Posted: 07 Sep 2020 11:39 PM PDT The DMV is way backed up. Due to covid, I can not walk in. I need an appt. The earliest appt is in November. All I have is a notice from the DMV telling people to make an appt, and print it out, and carry around the appt with their DL to show law enforcement. Great for law enforcement. In the mean time... I'm trying to close on a house. This wasn't an issue, but now all of a sudden it is. [link] [comments]  |
| Is it better to buy property as soon as you can, or save up and wait to buy something better? Posted: 07 Sep 2020 07:39 AM PDT As a first home owner, is it better to buy a property as soon as you can to get on the property ladder asap, even if it means that it's located in a less desirable suburb so you can afford it, or is it better to not buy and wait longer and save more so when you do buy your first property, it's nicer and in a more desirable suburb and likely to be a better investment. [link] [comments]  |
| Is this right advise from realtor ? Posted: 07 Sep 2020 06:47 PM PDT If we are buying a home and have 12% down payment but realtor advises to put 20% in the offer and later change it to 12%. Is it even legal ? Dont you sign the offer ? This is in california. [link] [comments]  |
| Should I be wary of signing a joint lease? Posted: 07 Sep 2020 10:24 PM PDT I'm a college student, and I plan on signing a joint lease for an apartment to live in. Anything to look out for? [link] [comments]  |
| Can I give offers till expiry date of Preapproval letter? Posted: 07 Sep 2020 06:18 PM PDT My preapproval expires December 8 2020, but let's say I start searching and give offers starting November 2020. Can I continue getting giving house offers till December 8? Can I get an offer accepted even after my preapproval expires, although I gave offer before the expiry date? My financial circumstances will not change even after December 8, so I'm just thinking of getting a mortgage approval directly rather than extending my preapproval if the preapproval expires. [link] [comments]  |
| It's probably too early to feel discouraged, but man it feels bad to be a buyer so far. Posted: 07 Sep 2020 09:54 PM PDT We found a great house right near the top of the range we feel comfortable buying at. I really loved it. It had everything we needed, it was where we wanted to be, nice neighborhood, good school for our son. We put in an offer right at asking price ($207,000), which was closer to the higher end of comps our realtor pulled. When we put in the offer it felt great because in my mind we were offering exactly what they were asking for. I felt pretty good about our chances. Yesterday our realtor talked with their realtor, who said the sellers are actually looking for at least $212,000. They have multiple other offers that are higher and want "best and highest" by tomorrow. We can't do it; our personal hard stop is $210,000, no matter how nice the house is. If we start making offers at $212,000 then next week it'll be $220,000 and then $230,000 and then somewhere not too far down that road we'll be house-poor. I feel frustrated. Like what's the point of looking at list price when five other people will offer over it? And why couldn't it just be listed at $212,000 in the first place if that's what the sellers really wanted? What's the point of drawing in people to make an offer based on a list price, only for them to have to drop out when the number you actually want is out of their range? I'm going to see two more houses tomorrow and I feel like the same thing is going to happen again and again. I know I'll get over this and I know we made the right choice for us by walking away. I won't let emotions cause me to make bad decisions. But I'm starting to wonder if good decisions will ever get us a house. Anyone have a success story to share? [link] [comments]  |
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