PSA For Buyers: you can check the 911 calls Real Estate |
- PSA For Buyers: you can check the 911 calls
- What do you regret doing when you bought your first house?
- Our realtors (buying) falsified information about the house we're purchasing
- Feeling stressed looking for homes
- Why is the housing market on fire right now?
- Discovery of electrical system issues after closing WA state
- Would you purchase a 250,000 if you can pay it off in two years?
- My house is not selling. What should I do?
- [AZ/Phoenix] Selling a house in this insane market. What to expect?
- Buyer's Contract states that earnest money from two sources, Wire Transfer or Personal Check. Wire Transfer box is checked, not Personal Check box. Agent said to pay by personal check with Title Company app. Can seller back out based on technicality?
- quirky property reveals major liability or unique opportunity?
- How well insulated is a true log home?
- Ask seller for credit or lower sell price?
- Name on deed without being on mortgage?
- Seller's mortgage sold to another lender day before closing. Is this common? Anything I can do?
- 203K refi?
- Commercial space for a brewery
- Loan Officer for Self Employed borrower?
- Our new 40x130 foot property has a 10x40 separate property in the back area —— how to find out who owns it and attempt to buy it for us?
- (NC) Due Diligence and Appraisal
- Need help, have a signed purchase agreement but need to raise the price to properly use gift of equity.
- New, Top Producing Agent Burnout
- Home With Extra Parcel - Consolidate Land?
- Nature Walking trail right next new home- worried about this?
- How do I manage a long distance renovation?
PSA For Buyers: you can check the 911 calls Posted: 06 Sep 2020 02:19 PM PDT I recently learned that, at least in California, you can go to the local police station where you are buying and ask for the call logs for your prospective address. This is handy for finding out if there are any neighbor issues or what kind of crime situation the neighborhood has. I wish we'd done it for my current house, we'd have found out about the crazy demon dog and firework psychopaths before experiencing them (which certainly would have influenced our decision). Hope this helps somebody! [link] [comments] |
What do you regret doing when you bought your first house? Posted: 06 Sep 2020 06:25 AM PDT Seems like there's so many things I need to do on my new house. I'm painting the interior this weekend. It wasn't something I anticipated but it needs a good coat of Kilz because of an odor I didn't notice when I first bought it and there's just some general old house wall imperfections I'm going to get done at the same time. I have a broken heater to deal with, branches that are touching the roof and need to be trimmed back and an old water heater that my inspector said should be replaced in the next few years. It got me to thinking about what needs to be prioritized. I wouldn't be doing the painting at all except I haven't moved in yet and so now is the best time I guess. Wondering what anyone may have done too soon and regretted. [link] [comments] |
Our realtors (buying) falsified information about the house we're purchasing Posted: 06 Sep 2020 08:43 PM PDT Hello! Thanks for reading! We went with a two-person team of realtors to help us find a house in a Florida city. They were friendly and seemingly eager to help, so we took the trip down from KY to look at some houses we suggested to them. After walking through 3-4 houses, we found the perfect place. We've bought houses before, and nothing seemed out of the ordinary. The negotiations went as expected. The inspection went as expected. Everything was going well until finding insurance. The sellers disclosure didn't disclose it was in a flood plain, and according to the listing agent, the sellers didn't know... yet we found an elevation certificate showing they knew it when they bought it. I was able to have an insurance agent confirm that not only had there never been a flood claim, but the house actually has flood vents... so whatever. That's fine. So then, we knew that between the time the house was sold 5 years ago until now, a ton of work had been done on the place. In the process, the owners created an apartment upstairs only accessible from the outside with a new set of steps not visible on the previous listing. Given the local laws, we wanted to ensure the work was permitted correctly. Our realtors said it had been, and that they had pulled the permits and everything looked good. Here's where the REAL problem comes in. We asked our realtors to see the permits they had pulled, and we got screenshots of permits from the county, when the city is the entity that would have those permits. Plus, the address has been cropped out of each photo. The permit number remained, so we looked them up ourselves, and it was for a completely different property. We notified our realtors that it was for a different property, and I immediately got a call from one of them saying the other one (who sent us the screenshots) was currently in New York and didn't know what she was talking about. We were then discouraged from calling the city to get the permits pulled, because you supposedly couldn't get them over the phone, and they had already requested hard copies. Well, we didn't believe them at this point, called the city, and of course they provided us with all permits on the property via email... and added in that nobody had requested permits for this property for at least the last year when we asked. Cool. When reviewing them, the permits showed none of the work done on the upstairs was permitted, and the work done on the rest of the house (including those flood vents) listed the current owners as the contractor. We checked, and the sellers are not licensed contractors in Florida. So we're getting ready to lawyer up to both get our earnest money back from the sellers for nondisclosure and go after our realtors for falsifying documents. My real question here is whether there's something else we should be doing. We know the sellers, their listing agent, the title company, and even our own realtors have lied about these permits and other things (i.e., the flood plain knowledge). And at this point, we already sold our house (we closed this week) in Kentucky because we were contingent.... so we're homeless with our stuff in storage and staying with family. Due to several delays with the appraisal, we're not supposed to close on the place down there until 9/18. Does anybody have any relevant course of action we should be considering? Maybe something Florida-specific since we're not quite as familiar? We're supposed to talk to the lawyer Tuesday, but hell, we're kind of scared they'll be just as slimy at this point. lol [link] [comments] |
Feeling stressed looking for homes Posted: 06 Sep 2020 08:41 PM PDT I've been wanting to own a home for a few years now and we are finally in a good spot where we have enough saved to put 20% down, I have no debt and my husband is a year or two from paying off his own, and of course interest rates are so low. We have been house hunting and I have found out I am very, VERY picky. I don't think it's a bad thing... I like where we rent and the rent is cheap so it's not a big deal to wait. I do not want to budge on location because I love being able to walk to the park near me, and the lake nearby, my gym, the library, etc. I also love old homes with the old home charm... built ins, decorative trim, etc. However I do feel a bit of a rush worrying about if interest rates go up again I may not be able to afford a home I like. Then, I feel like people (my family) are all pressuring me to think like them and I don't know if I'm going about it wrong. My sister encourages me to look outside my desired neighborhood.. it's true, we can get a house in a neighborhood 10 to 15 minutes away that is much cheaper and much nicer than what we can get here. But I really love living here and have no desire. Then my Mom who loves everything brand new and nice keeps bugging me that I either need a fixer upper I can get for cheap to upgrade (I have NO desire to do that, however she keeps insisting it's "fun") or buy a home that is upgraded without the old home charm. I see where she's coming from, but I just really love that stuff. My Dad surprisingly is the one who is least pushy, other than reiterating now is a great time to buy. We went on showings today and I brought my Mom and Dad, mostly to be nice for my Mom who never got to go home shopping. The experience ended up being so stressful.. when we were looking at a house that my mom and realtor loved but for whatever reason I just didn't like it. It had a lot of great things but I wasn't a fan of the layout and also all the carpeting was nasty and would need to be taken out and all the walls were painted weird colors we would have to repaint. It had a huge beautiful yard but... my husband and I don't need a huge yard. it didn't seem like a reason for me to buy a house. We saw one house I absolutely adored that was near the top of the price range but needs a new roof and has old windows that we would want to replace eventually. Everyone just kept saying it was overpriced (the location is amazing) and needs updating when the others do not, etc etc. I feel so frustrated... but at the same time, I don't know if I'm maybe in the wrong and just going about it the wrong way. I want to buy a house we will stay in "forever" or at least a very long time. Sure I can buy a "nicer" home that is updated and doesn't have some of those old features I love, but my home having character and feeling like it has history is important to me... My husband .. he is kind of "indifferent". He will have an opinion on what he likes or wants, and then if I share a differing opinion he often times will completely change his mind lol so he isn't a ton of help to get input from. I think he just cares most that I'm happy with it and making sure we don't put ourselves in financial trouble. Sorry for the rambling .. just wanted to vent and maybe get advice. [link] [comments] |
Why is the housing market on fire right now? Posted: 06 Sep 2020 04:02 PM PDT |
Discovery of electrical system issues after closing WA state Posted: 07 Sep 2020 12:39 AM PDT My wife and I recently closed on a home in Washington state. The home was a flip by the previous owner who claims they did all of the work themselves, as they are a "contractor". After moving in, we soon found many issues with the electric. We were told by the inspector that the house used non-metalic sheethed cables. This was after speaking with him and raising my concerns with their maybe being knot and tube wiring in the house. I later discovered knot and tube wiring in the attic and crawlspaces where he had inspected, and am dumbfounded that he somehow missed all of it. It was very evident. After moving in, we found that 99% of the outlets were bootleg grounded, and we have neautral-ground double taps on the panels. It was later confirmed by an electrician that all of the wiring is still knot and tube, except for the bit of non-metalic sheethed cable used in the basement. This is a big fire and electrical hazard, especially considering that the attic is insulated. On the disclosure form, the seller claimed there were "No" defects with the electrical system. My wife and I intend to go after the inspector and seller if possible. Has anyone else been in a similar situation? Are we SOL? [link] [comments] |
Would you purchase a 250,000 if you can pay it off in two years? Posted: 07 Sep 2020 04:16 AM PDT There's a whole long story attached to this but the basic point is this: I can purchase this home for 93,000 roughly. With my salary I can pay this off in two years. It's in an up and coming city where they're building condos all the time right next to New York City. I was even thinking of renting it out. Would you prefer the single family home. That's the only hurtle a 93,000 mortgage. [link] [comments] |
My house is not selling. What should I do? Posted: 06 Sep 2020 08:20 PM PDT My house has been on the market for about 40 days now. The property is is relatively desirable and somewhat hot market in LA suburb, specifically South Bay area. I think the house shows well. It's younger in age compared to other houses in the area. Most of houses in South Bay area were built in 1950s or 1960s. Yes, my property is a condo so I would assume that it will be less demanding than single houses especially given the current circumstances. I see a trend that many of condos and townhouses are on the market quite a while before they become contingent or pending. It may not mean much but the house has more than 100 favorites designation from potential buyers and it's priced lower than other condos/townhouses in the area. What do I do now as my property is becoming an old listing at this point? Any suggestions? [link] [comments] |
[AZ/Phoenix] Selling a house in this insane market. What to expect? Posted: 06 Sep 2020 09:11 PM PDT I'm about to list a house similiar to a neighbors that was listed for 290k, but his Zillow listing was edited a day later saying they were taking bids. Apparently they got absolutely flooded with offers. It still lists it as being sold at 290k, but im sure they never bothered to update to the actual price. Is there any way to prepare for that when I sell mine? I know the market is bonkers here. My dad's neighbor just sold his for twice what he bought it for a year ago with 0 work done. His is in a bit better area though. Should I even bother with an agent? It seems like a waste when I can just hire a title company and lawyer to do the paperwork for me. It doesn't seem like advertising with an agent is really needed. [link] [comments] |
Posted: 06 Sep 2020 06:33 PM PDT I recently agreed to buy a house and seller agreed to sell. Contracts were signed. In the 'earnest money' section, it has three boxes for payment method: personal check, wire transfer, other. The 'Wire Transfer' box is selected with x. My agent instructed me to pay earnest money by personal check with the Title Company's proprietary phone app. Since the earnest money was actually paid by a personal check and not the 'wire transfer' method, can the seller technically back out of the deal? The payment was confirmed by the title company and the 48 hour deadline was made. [link] [comments] |
quirky property reveals major liability or unique opportunity? Posted: 07 Sep 2020 12:30 AM PDT we bought our home in early 2018 and knew it was very unique for a number of reasons. built in 1898 as a farm house, it's historically significant to the area/neighborhood we live in. it was the first house in the current neighborhood as it used to all be one huge stock farm that was owned by a well known historical figure to the county. for a period of roughly 2-3 years some of the land was used to create one of the first golf courses in the region and is unofficially the oldest golf clubhouse that is still standing as the original structure. after that, the farmland was sold off in parcels to create the neighborhood around us which is very unique in its own right. one of the neighborhood's realtors/developers moved in here at the start of the project and even used this house to store the property records and land deeds for a number of years before they were transferred to the county. the property also has old features like a windmill which was used to power a water well pump (both still remain but in non-working condition of course), an old milking shed, and carriage house that was converted to a garage at some point. the property itself is a bit unique as it is one of, if not the only residential property which has an easement on our side of the sidewalk. usually the easement is found between the sidewalk and the street if one exists but the sidewalk on our street is right up next to the road. homes were all built to be 30 ft from the sidewalk with the edge of the sidewalk being the property line. however, our house was here literally before the streets and property lines were. now, I don't know if it's how the street was mapped or something to do with the parcels or what, but for whatever reason the first 10 ft of our front yard from the sidewalk is not our property. it's an easement. even though it's the same sidewalk as our neighbors which represents their property line, it does not represent our line. this ten feet is a small but steep incline that pretty much runs the distance from the inside of our driveway along the sidewalk until about 15 ft before our neighbor's yard. that's where it begins tapering off and leveling out and becomes flat ground. because our house and actually most of the neighborhood was built on a large hill and our street which was literally the first street in the neighborhood was sort of carved into the hill so that it gives our house an elevation raise that other homes don't have. our parcel is basically on a small plateau while our neighbors on both sides and everywhere else are on the same elevation as the road. so that little steep incline serves as the "face" of the plateau and the whole face is an easement. our property line runs along the top of the incline where our yard levels off. basically, the land that my house and our neighbor's homes to either side of us are on the same elevation, but the street is uphill and reaches the top of the hill where I said the incline tapers off. and even though our house was built 30 ft from the sidewalk just like every other house was, this all means that our house is only 20 ft from the property line. now, we're "grandfathered in" as they say, but if something were to happen to the house and we had to rebuild, we'd have to move back 10 ft. if our front porch fails (it's a screened in porch about 15 years younger than the house and is slipping out from under itself) we cannot legally rebuild it. another interesting feature that even our township's board was unaware of until just a couple weeks ago is that on this easement they own, there is an old but very useful and necessary set of steps built into the steep incline which serves as access to our front door from the sidewalk. it's a public right-of-way. it also serves simply as our front steps. we really only use it when we walk to our daughter's bus stop right at the bottom and it's only 6 or 7 steps. but it's still "our" home's front steps, yet it's not ours to repair or maintain. legally. no one will touch it. we've asked. it's the township's responsibility. however, our home insurance company doesn't like the fact that it has no railing and they're giving us issues about it. like they're threatening to drop us over having no railing which would then be known by other insurance companies too. but we can't get a permit to fix it, and now we've been told by the township road commissioner that he doesn't want to put in a railing. he said they'd "go in 50/50" by them repairing the bottom step if we put in the railing. I know, he's ridiculous. but what I find even more insulting than him not just taking ownership (literally) of the issue is him actually thinking I'm naive or stupid enough to make that repair. if we put in a railing and someone slipped and got injured, then we assume legal responsibility for it even though our insurance company who started all this would say "nope, it's not on your property so we aren't covering it." but we already know from our real estate attorney that it doesn't matter what his attorney says about the township's authority to interpret ordinances and blah blah blah. I'm not worried about being able to make them put in a railing. it's law. it's public safety. it's clearly out of compliance to basic standards. heck, we even have an autistic child which puts this whole thing under ADA. and it's clearly not on our property. but I'm wondering if instead I make it my responsibility. I'll explain. obviously there's a liability here that we as the owners, the insurance company, the township and our respective attorneys all recognize. and that liability is not going anywhere. it has to fall on someone. so instead of fighting for months and possibly going to litigation over this just to have the township pull some bureaucratic move like choosing to remove the steps completely or putting in some god awful zig zagging wheelchair ramp along the length of my front yard, maybe I should suggest the township just sell me the easement for a miniscule amount like a dollar. that way they get rid of the liability and the cost to repair and maintain this quirky residential right-of-way for just a buck. then the property is all mine up to the sidewalk. I have my 30 ft setback in case my front porch slips away at some point in the future, and I can bring the steps up to code however I want. best of all, I leave the liability in the lap of the insurance company that decided to give us a hard time about something that isn't even our responsibility to begin with. so what's the smartest option? [link] [comments] |
How well insulated is a true log home? Posted: 06 Sep 2020 01:50 PM PDT I'm looking to build a year-round true log home in climate zone 5/6. Average lows are around 20F at night in winter, with highs at around 80F during the day in summer. I was wondering what experience people have had with insulation in a true log home (not a 2x4 build with aesthetic logs over it). I've read online that log homes insulate at around R1.0 - R1.5 per inch of wood, and I would be using 9" diameter logs. I would have standard insulation under the roof and floor. I've done plenty of 2x4 builds before in this climate and would typically use R21 insulation in the walls. Logs will clearly not provide anything near that in terms of a printed R-value, but I have also read that their thermal mass releases heat back into the home at night. How much of a difference does the thermal mass make? Essentially, I want to avoid pouring a ton of money / time into a true log build only to find it doesn't insulate well enough and I should have gone with a 2x4 build. Trying to be environmentally conscious so I don't want to be unnecessarily wasting heat/AC to maintain a comfortable temperature. I was also wondering what impact not maintaining a consistent internal temperature may have on the logs (there may be month-long periods of time the home is vacant in the winter) Thank you for any advice! [link] [comments] |
Ask seller for credit or lower sell price? Posted: 07 Sep 2020 12:14 AM PDT I put in an offer contingent on a pest report. Should I ask the seller to cover the estimate of addressing the pest issues in the form of a credit or ask them to take that off the cost of the house? [link] [comments] |
Name on deed without being on mortgage? Posted: 06 Sep 2020 11:42 PM PDT My wife and I are buying a home, her father will be living with us the mortgage will be in their names I am not on it. When we are all done with the process and up to signing deeds, can I be added at this point? [link] [comments] |
Seller's mortgage sold to another lender day before closing. Is this common? Anything I can do? Posted: 06 Sep 2020 12:13 PM PDT The day before closing, my realtor informed me that the seller's mortgage originator had sold the loan to another lender. She said this puts off closing for at least 7-10 business days while they get the paperwork sorted. Should I be concerned that this isn't going to go through? The sellers were kind enough to let us move our stuff in the house, given that we had movers and cleaners booked. We have a 30 day $0 rental agreement to tide us over until closing. Just curious if I need to do anything else to protect myself here. [link] [comments] |
Posted: 06 Sep 2020 01:50 PM PDT Anyone refinanced into another kind of loan? Our house is little (2BR, 1BA) and there are five of us. Not sure we could move for less than we could change loans and change our own house. The house is wonderful (1922 bungalow) and the location feels like a forever location, it's just small... Thoughts on refinancing from a reg. FHA to an FHA 203K to do some work to make the house a forever house? [link] [comments] |
Commercial space for a brewery Posted: 06 Sep 2020 02:17 PM PDT Hello everyone, First post in this community. Thanks to anyone who has some insight. I help manage a commercial park. We are currently fielding new tenants for a 2,000 sq ft space. On either side of the walls of this space, there are other tenants. A local brewer is interested in renting the space - they would be doing all their brewing here as well as opening up a tasting room. My only concern is the smell that comes from brewing beer. I saw their current operation - faint smells, nothing strong. Still, I am worried - smells may bother other tenants and become absorbed into the building. Anyone have any experience renting to a brewer? [link] [comments] |
Loan Officer for Self Employed borrower? Posted: 06 Sep 2020 06:00 PM PDT Self Employed borrower here. Will it be easier to secure a home loan if I use a loan officer? [link] [comments] |
Posted: 06 Sep 2020 09:35 PM PDT We are in Los Angeles near the airport. Pretty nice area. Maybe a briefcase with $20k will do it!? [link] [comments] |
(NC) Due Diligence and Appraisal Posted: 06 Sep 2020 01:44 PM PDT This is the second time I will be buying a home. The first time was 3 months before the crash of 08. I held onto that house, but it was a money pit and took about 10 years to sell above water. I was young and didn't know what I was doing and my family only were renters before me. I am much older now with no built in equity and had to save up again for a down payment and just as I was ready to buy the market now feels like how it was before. I feel like I just can't seem to ever catch a break when it comes to real estate. (okay, this is just back story, maybe not relevant but it has a factor in my decision making) I am new to NC and in Chapel Hill it is a seller's market there is a house that I like: asking is 245K but I think it was intentionally priced lower to encourage a lot of bids. After looking at comps we decided to offer 262K. My agent also recommended 3K due diligence and 2K earnest fee. I feel okay about the inspection. The house is solid and looks well cared for. But my concern is that I fear the appraisal fee will not match the offer which means that I will have to cash flow the difference. What makes me nervous is that I have to hand in the offer and the nonrefundable 3K before I even get to find out if this a possibility, much less look at what I would be comfortable even offering above the loan. Honestly? Due Diligence in a hot seller's market just feels like extortion. It is hard to wrap my mind around the fact that I have to put so much in front to even be considered and all the risk is on me. My agent added an addendum to return DD if the appraisal is much lower than offer. Sellers refused to accept which means we can now make the offer without the addendum. SO questions are this: From your experience, has this been a big enough issue that buyers have walked away from the table losing the DD? What might help me feel ok with a risk like this as in any information I am not considering? Have you agents seen buyers feel pushed into paying more cash than they wanted because they felt they just couldn't lose the DD? I've posted on here before and some people were kind of mean. Please be nice. Thank you! [link] [comments] |
Posted: 06 Sep 2020 09:15 PM PDT I'm buying a home from my father at $280k, market value is $320k. I unfortunately didn't do all my homework regarding gift of equity and now realize that it should have been written up at $320k on the purchase agreement with a gift of equity letter for the $40k instead of just having the lower price as the sale price . There's no dispute with my dad so we're on the same page. What is the best way to correct this with my lender? Can we do a price amendment to the purchase agreement to change the price and then just add the gift of equity letter? Or do we need to do some kind of rescission of the original purchase agreement and sign a new one? What's the best way to make this easy for the lender? I've already had loan approval but we're still over 30 days from the current closing date and we haven't locked in rates or anything and no money has changed hands. I know this will change the loan slightly, actual loan amount would only change from $252k to $256k but adding the gift of equity means no PMI which is the primary reason for wanting to change the agreement setup. Any help would be greatly appreciated. Thank you! [link] [comments] |
New, Top Producing Agent Burnout Posted: 06 Sep 2020 03:14 PM PDT I recently moved to a new state and got licensed in late January. Year to date I am right at $2.5 million in volume and 16 transactions in sales. In my market, that is top 10% of agents. When I first moved and got licensed, I hit the phones and started prospecting. Since I didn't have any connections or much experience, I didn't expect much business so quickly - and I ended up taking on around 12 listings in my first month and a half in the business. Maybe I bit off more than I could chew... Covid hit which slowed things down for a while but for the most part since the beginning of the year I have been working 24/7. At the beginning this was my choice, but now it is more outside of my control because I am servicing my clients, putting out fires on transactions, etc. I am in the works of potentially getting an assistant and have been doing a lot better job of setting boundaries with my clients, but the challenge is feeling like I am not able to turn it off and be done with work when I say I am done. I could be relaxing on a Sunday night but any given minute I could get a call from an agent/client that is in crisis mode and expects me to fix it. I have no issue servicing my clients and find joy in helping them. I have always worked in customer service/"helping" fields which I believe has played a big part in my early success thus far. But I have seen a very different side of people since I have been in this business. People act very different when money is involved - I recently worked with several clients that were very belittling and felt that because I was getting compensated they could act, say, and treat me however they wanted. I fired one of them and closed on a property with the other and now understand that working with these type of people is not worth it, but it still stings. Another big thing I see is during transactions the ego that comes up (especially on the seller side) - I just had one inspection on a contract where the electrical system has been noted as an extreme safety hazard and could potentially burn the house down. The seller is at a mindset of "fuck the buyers" and that it's their problem. This is just an example but has come up many times in my transactions from sellers. I know a home is bought "as is", but what happened to the golden rule? It seems like each party in a transaction forgets that there is a human being on the other side going through there own shit. The last thing with clients is it seems that with the general public (at least where I am) we as agents and as industry are not truly respected. It feels like there is an initial lack of trust right off the bat which creates an initial lack of respect as well... I get that trust is earned - but it's not a very good feeling of people being on guard because you are a "salesman" until you show them your one of the good ones. But this general lack of initial trust seems to create an environment of it always being the agents fault if something unexpected happens. With a lot of people, it seems that there is that general aloofness towards you or lack of respect, but when shit hits the fan then they need me, and assume that I am available 24/7. When it's over, back to the aloofness. The second biggest problem I am facing and has discouraged me is the industry as a whole. There is so much lack of organization in brokerages and individual agents. I deal with many agents in my transactions that become so stressed out with the transaction that they start making decisions and acting based off their emotions. I get calls from agents 24/7 that say "I am outside your listing, can I show it?" Of an owner occupied house and no heads up. I recently switched from one brokerage that was doing some shady things to a new one where I was promised the world. It's a lot better than my previous one, but I was pretty much thrown to the wolves when I switched, which bothered me a bit with how much I was promised. It seems like brokers really try to nickel and dime the agent in one way or another, and then when you bring up the concern you get "objection handled". Especially when comparing two companies with 2 splits and the same tools... I get the "value" in our brokerage, but it's wrong for me to want to get paid more for effectively the same support and tools to better support my family? Or if I decide to start my own brokerage I will immediately fail? On top of these things I see a lot of agents/managers/brokers caught in this behavior of "its not the whole truth, but it's technically not a lie" in what they say to their clients, agents, etc that really bother me... an example of this is the "I have a buyer" script to a homeowner to get a listing among others. Just a lot of corner cutting and lack of transparency. I really feels Luke this snowballs... a new agent could come in with all the best intentions of not falling into the stigma, but get caught in the bullshit as they make their way to the top. This stuff isn't a conscious decision that just happens overnight... it is an adaptation to environment. I don't want to get out of the business, but just wanted to vent and see fellow Redditors thoughts/suggestions. Did I bite off more than I can chew in year 1 and am I just a little in shock after going down the "real estate rabbits hole" and still having a "fresh pair of glasses" because I am still pretty new? Do the clients you work with become higher quality after your reputation builds? How do you handle some of the pitfalls of working with others in the industry? [link] [comments] |
Home With Extra Parcel - Consolidate Land? Posted: 06 Sep 2020 02:17 PM PDT I'm in Minnesota. Let's say a home is on a 2 acre parcel. The seller is including an undeveloped 5 acre plot of land, connected to the home parcel. In effect, it's a home on a 7 acre plot of land. Is there any benefit to consolidating land? Or, is there any benefit to keeping them separate? [link] [comments] |
Nature Walking trail right next new home- worried about this? Posted: 06 Sep 2020 01:54 PM PDT This new neighborhood has a nature walking trail access a couple doors down from my new home. Could this attract a lot of people thus making the area around my home loud? Or even attracting sketchy people? I'm otherwise located in a cul de sac. Maybe I'm overthinking this now [link] [comments] |
How do I manage a long distance renovation? Posted: 06 Sep 2020 07:50 PM PDT Was sent to r/RealEstate! My husband and I (F39) own a property several states away, about a 7 hour drive by highway from where we live now. The property is an abandoned house and land located in the southern tier of NYS. Beautiful location, house needs significant work. We would like to fix the home up to use as a second home. It has set abandoned for about 15 years. However, we cannot just travel on a whim to oversee the house being fixed up due to jobs and young kids. (Not to mention Corona.) We know no one in the area who is trustworthy (or, truthfully, DIY smart enough) to oversee a renovation for us. Some of the projects that need to be done: -stabilizing the exterior (fixing the trim board, porch ceilings) to prevent animal intrusion -removing trees, brush, and grass from around the house perimeter -new plumbing -new electric -new insulation -new sheet rock -paint and fixtures Currently the house is gutted, has a new roof, new windows and doors, and a new HVAC. I am not afraid to spend a reasonable amount of money or time, but am limited in travel. I can likely DIY some of the stuff (I'd love to wire the house) but other stuff I am not willing to do myself. (Due to health conditions I can't do heavy landscaping work or work on scaffolding, for instance.) Question: who can I hire to oversee this sort of stuff? Is this general contractor land? Reputable real estate agent/ property manager who has contacts land? How do I find such a person in a rural location? We have no contacts in the area. TLDR; Abandoned house 7 hours away we want to fix up. Who do we hire to protect our interests in getting it fixed up right? No contacts we trust in the area. TIA! [link] [comments] |
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