What are some tips on checking out neighborhoods before buying a house? Real Estate |
- What are some tips on checking out neighborhoods before buying a house?
- Jump in or continue renting?
- Granpa wants to sell his house without anyone coming in to look at it. How?
- Recommendations for a great mortgage lender for a first time homebuyer
- Post leaseback possession
- I was considering buying my first investment property with 5% down. Is that possible?
- neighbor talking about moving fence in middle of sale. What would you do?
- Can I still buy a house and get a loan from a bank if I have bad credit, but I put huge down payment?
- Consequences of pulling a contract from the current buyer.
- Can you buy a 4plex as a primary residence?
- What to do about a cat
- Can Someone ELI5 A Mini Split + Dehumidifier Set Up Instead Of Central Air? FTHB
- Buying home from family member. Tips?
- How do I know when to sell my home? (CA)
- [WA] Buying a 1.3 mil house in an HCOL area with $270000 annual income?
- Just closed refinancing, payoff does not recalculate. What are the odds they got this wrong?
- 0-ludicrous speed in 24 hours
- Moulds in master bedroom's bathroom
- 360 Imaging + 3D Models
- Mortgage Broker not delivering, we already ordered inspection and are supposed to close in a few weeks. Should we be worried?
- First time renting - Question
- How do you find a good lender?
- What would you all do if you were in my situation
- Any Lenders With No Overlays FHA? (MA)
| What are some tips on checking out neighborhoods before buying a house? Posted: 05 Sep 2020 04:50 PM PDT My last two houses had neighbors that I just didn't enjoy living next to. I got along with them and could speak to them, but one was a smoker (I couldn't enjoy my backyard without smelling smoke) and another was a car guy (meaning he was out in his garage or driveway moving cars and revving engines constantly throughout the day and even in the middle of some nights). Are there any tips to scoping out neighborhoods a bit before deciding to buy a house, besides driving by at different times a day throughout the week? [link] [comments]  |
| Posted: 05 Sep 2020 07:27 PM PDT We have over our 20% saved, approved for a loan, socal market - total seller's market. No need to rush except fomo and kinda eager to setup a home for the family and kids. Having a heck of a time finding a good home and prices just keep going up!! Very nervous about everything. What do you all think? [link] [comments]  |
| Granpa wants to sell his house without anyone coming in to look at it. How? Posted: 05 Sep 2020 11:24 AM PDT (SoCal) He says he prefers to sell his house to a developer, but basically just wants to sell the house as is, without various people walking all through the house, and he's hoping that someone will buy it and just demolish it and put up something else. Is this a thing? If so, how should he go about it? He's been in there for over 50 years and doesn't want to fix anything. House is on a large lot in a good neighborhood where several houses have been torn down or renovated. He hopes someone will want to put a multi-family residence on it. I've seen stuff about selling for teardown. What type of real estate person handles that? Is there a name for people who specialize in working with developers or teardowns? Thanks for the help! [link] [comments]  |
| Recommendations for a great mortgage lender for a first time homebuyer Posted: 05 Sep 2020 06:37 PM PDT Keeping it short. My friend recommended me Finance of America Mortgage and said he had great experience with them. I read great reviews about them as well. Looking to get pre-approved then find a real estate agent. Thanks so much for suggestions! [link] [comments]  |
| Posted: 05 Sep 2020 03:48 PM PDT Hey! First time home buyer. Moved in today! There was a three day lease back and then I had to wait for the weekend to move. When I finally got in the house, the toilet is clogged (with poo and a TON of toilet paper, even after plunged it's clogged in the pipes) and the fridge water is no working/dripping. This was not the condition at walkthrough/inspection. This along with other stuff that I know is definitely up to me (they left a lot of stuff in the backyard, their grill, tons of miscellaneous stuff, a pile of junk, completely full garbage and recycling, personal items in the house, dried dog poop on the floor, etc). More of a reason not to do the leasebacks without a deposit!! Does this fall on to me as "welcome to homeownership", the sellers for leaving it this way, or under my warranty/insurance somehow? [link] [comments]  |
| I was considering buying my first investment property with 5% down. Is that possible? Posted: 06 Sep 2020 01:51 AM PDT I want to provide a beef background about myself before I get into the question. I am 27, making 120k a year. I qualify for a 550k loan in the state of California. I was thinking, if I should get my first investment property in AZ, in the Glendale/Peoria/Litchfield Park area, since I have family living nearby. One day I think I would want to retire there also. My budget for the investment property is 320k or less, with a 5% down. Do you guys think this would work out? No down payment would be even better for me. Is a investment at that price point even worth it?Thank you guys in advance. This means a lot to me. [link] [comments]  |
| neighbor talking about moving fence in middle of sale. What would you do? Posted: 06 Sep 2020 12:39 AM PDT My sister has a rental house on suburban lot. Fenced all around. We put it on the market today. I am a realtor. Fence is wood and looks fine. Nothing fancy. The rest of back yard is wood, and front is chain link. She spent $400 to have some posts replaced and fence fixed where a tree had made fence severely messed up. Looks good now. She did this to get it on the market as it looked bad. Money well spent in general. Chatted with neighbor while I was fixing the garage door. He was saying that he is getting bids to replace the fence in front and back with chain link. He wants to do it in a few weeks. He also says he is sure the fence line is a foot and a half on his property and he is going to take down the wood fence and move the fence over. We expect to have the house under contract by then. As to whether it will look worse in the back, that is one thing, but not that big a deal. He is spending a chunk and putting in slats etc. But the concern is both the appearance, and more importantly, the location being changed while in contract. He says he is sure of the lot line as he got the lot measurements from the county and measured from a corner or something. I know. I was rolling my eyes too. I asked if he wa talking about a survey marker or such, and he said he was just measuring from the other corner. I played it cool and just nodded my head. Best to play dumb for now. But obviously, I can not just let him tear down the fence and put up a new chain link one a foot and a half inside the property line while we are pending. I also, in general, would advise my sister to not let anyone do that at any time. I don't know who "owns" the fence, and if he was just replacing it, wwe would probably just disclose that to buyer in terms of appearance. My thought is maybe have my sister have an attorney write a letter advising him to not do anything in terms of fence without establishing ownership, and not to move the lot line without a survey. he said part of his thinking is to do it now instead of trying to deal with a new owner. But that seems like he thinks he can take advantage of my sister. Not sure I from an ethical standpoint i want to leave a new buyer to deal with it without disclosing it. But that would be better than to do so in the middle of a pending deal. Perhaps it would be fair to split the cost of a survey. But it is him who want to start moving fences. he wanted to split the cost, but my sister doesn't want to pay for chain link or pay when she is selling the property with a perfectly good wood fence. What would you do as an owner or realtor? [link] [comments]  |
| Posted: 05 Sep 2020 08:11 PM PDT |
| Consequences of pulling a contract from the current buyer. Posted: 05 Sep 2020 07:44 PM PDT Hi everyone first time home buyer here that needs some advice. So just before the pandemic hit I had an accepted offer on a property and was about to go into contract. Due to all the uncertainty surrounding the pandemic at first, I pulled out for obvious reasons. Fast forward to now the property is under contract with another buyer and I am disappointed about the missed opportunity. So I decided to contact the broker who said the current buyer has been in contract for a while now and a few days ago they've asked for an extension on the contract (not sure what this means). He however said if I'm still interested he can pull the contract and get me the property providing I'm100% onboard. Is this possible and what are the consequences of such actions? Note: I'm not working with a buyers agent and my initial offer is $10k above asking. [link] [comments]  |
| Can you buy a 4plex as a primary residence? Posted: 05 Sep 2020 10:45 PM PDT I know 1-4 units are considered residential and not commercial. But can a 4 plex be financed as a primary residence and not an investment property? I would move into 1 unit. [link] [comments]  |
| Posted: 05 Sep 2020 06:37 PM PDT So when we moved into a house 3 years ago, a cat showed up on our back porch. It killed a few mice, we started feeding it. It comes to the back porch daily, although sometimes she's gone a week and then we would see her again, etc. other neighbors maybe feed her- she runs around the neighborhood. We see other cats randomly also. So we sell the house. I don't know what to do about this cat. I try to put her in a carrier to take her somewhere, she freaks, scratching and stuff. I don't know what to do, and I leave her. I think our neighbor feeds her also. Buyers of the house find me on Facebook and want to know about the cat. She's terrified of cats. Should I be going out there and finding a way to get it and take it somewhere. I feel bad to leave her dealing with it. But also if they don't feed it, I imagine it'll go away? *update: I appreciate the responses. I offered to get the cat in the morning. I thought maybe we could dress in heavy clothes, wrap her in a towel and get her into a carrier. I want the buyers to like their new home. I don't want to traumatize this cat and take her away from any cat friends but I also don't want her to starve. We'll see how it goes [link] [comments]  |
| Can Someone ELI5 A Mini Split + Dehumidifier Set Up Instead Of Central Air? FTHB Posted: 05 Sep 2020 04:21 PM PDT We're looking at a "passive home" with triple panes windows, 3" insulated walls, mini split and dehumidifier. The house is about 1300sf so in theory should be easy to cool. What I'm trying to wrap my head around is.. the single mini split is mounted in the living room, but each bedroom also has 2 vents in the ceiling. Is 1 for the dehumidifier and 1 for the a/c? Or both for dehumidifier (separate in and out lines?). If the latter, then do the bedrooms just get cool air thAt eventually overflows from the living room mounted mini split? Sorry if this is a super basic question - just trying to wrap my head around this whole system. I should add - the home was 80+ degrees inside when we toured. Our agent texted the listing agent to figure out what the he'll was going on and they said it was working fine and "cool" earlier. So first impressions were not good. Agent is following up on what exactly happened (is the unit even functioning properly?) and in the meantime I'm also doing my own research Edit - listing agent got back to us "This is my understanding: 1 vent is for removal of air and the other is for receiving the cool air. The living room unit is cooling the air that gets recirculated through the house. If you need more detail/confirmation, it might help to have you talk with my A/C guy." Does this make sense? How can the mini split in living room blow cold air into the living room and simultaneously circulate cold air to other rooms? Adding additional detail from listing docs - • Ultra Aire dehumidifying ventilator o This unit acts as a recirculator and keeps it comfortable indoors by removing stale inside air and drawing in fresh, air from outside. [link] [comments]  |
| Buying home from family member. Tips? Posted: 05 Sep 2020 12:13 PM PDT I'm going to start the process of buying a home from a family member, any tips or advice on things to do to save money or stream line the process? [link] [comments]  |
| How do I know when to sell my home? (CA) Posted: 06 Sep 2020 12:30 AM PDT Hi. My husband and I are looking to sell and purchase a new home within the next year. However, we're not sure when it's best to sell our house. We spoke to a real estate agent who said we need to sell before the election, because the market will dip after and we won't get top dollar on our home. Another agent said to wait because the best time is between April to August because this is the time most families tend to move. My husband and I were originally thinking January 2021, but will that be too late or too early? [link] [comments]  |
| [WA] Buying a 1.3 mil house in an HCOL area with $270000 annual income? Posted: 05 Sep 2020 07:59 PM PDT I earn $150k annually and my wife earns $120k. We're both 30 year olds in Seattle area. No children yet. We've $400k liquid stored in a savings account. Mostly for the purpose of down payment. We've stocks/RSUs vesting over the course of next 3 years worth $500k. We would ideally like to invest this money in the stock market. So not really looking at it from paying down the mortgage point of view. Our jumbo loan has been pre-approved for the amount remnant after 20% down. Considering all this, can we afford a 1.3 million house? [link] [comments]  |
| Just closed refinancing, payoff does not recalculate. What are the odds they got this wrong? Posted: 05 Sep 2020 11:40 PM PDT Just closed on refinance on 8/14. Per the final closing document I brought $6k cash to close, which includes the previous loan payoff of $266k (not including interest for 8/1-8/14 nor 8/14-8/20). However when I look at my monthly mortgage statement for August, I had a principal remaining at $263k AND I made the August payment which included $1200 towards principle.. meaning my payoff should have been as low as $262k, a $4000 difference from the closing document. I understand that the principal amount on the mortgage statement is NOT the same as payoff amount, but the discrepancy seems way too high. I had brought my concerns to the loan officer and title broker but they assured me that I would get a refund if there is overpayment. Since it's been 3 weeks I am assuming that there was no overpayment.. but what are the odds that I am correct in this case? [link] [comments]  |
| Posted: 05 Sep 2020 11:34 PM PDT So we decided a few weeks ago that it was time to look into moving out of our original starter home, and look into a better/forever home. Our original home, that just fit our small budget at the time, was now valued at 50-65% higher, giving us some nice equity to potentially use as a down payment (with a nice chunk left over) on a bigger/better house. We've been waiting to hear from the lender we've been working with for a while. This last Thursday night, we finally got the news we were pre approved and all that. Called our Realtor, planned to meet him early afternoon Friday. Leading up to this, we'd been putting in work and planning more already, on our house. Had a new roof installed (had a claim approved for weather damage, got a new roof out of the claim, so that was amazing). Had some other repairs lined up and just waiting to schedule (fix a spot in our kitchen floor, install new vinyl planking in the kitchen and bathroom, get crawl space work done to address moisture, etc). Get a message before I went to meet with him, that he might already have a potential buyer in line. Without going too into detail, this guy had put in an offer on a foreclosed home over asking, and they hadn't replied to him yet, about 1 1/2 weeks later. He's got reasons he wants to find and close on a house soon. They're looking for a 1st/starter type home. In our area, houses in the 200k + or - range are quick sellers, a lot of new construction but they're typically the "starting at 300k, 430k, etc" type of thing. So we go over the other stuff we need to, says he'll call me later if they have interest. I won't go into too much detail on how this occurred, might be "grayish" area, but this would be great for us, as listing the house, setting it to show by getting a lot of us stuff out, then having to vacate with my kids/wife/animals for the weekend would be a major pain, especially since I'm a shift worker. So he calls later on Friday evening, says they'd like to "take a look" Saturday evening. Says to "declutter/clean as best we can". They were aware and being told it was obviously not "show ready", had some planned work/repairs in line, etc. so wife and I spend hours Friday doing just that, staying up until 4-5am even (just kept having more energy so kept going). Wake up Saturday, get back to work, and I must say, we did an amazing job of cleaning:decluttering for <24 hour notice. They came, took a "look", and were definitely not "uninterested". So now that's where we stand, just a little over 48 hours after getting pre approval, potentially hearing news today or tomorrow on if they'd like to put in an offer or not. And my wife and I sit in bed, exhausted, facing the real possibility of learning on or just after Labor Day, that we need to start looking at houses NOW, and making a decision/putting in an offer/offers real quick. Before Thursday, I was really figuring the lender wouldn't work out, we'd be waiting a 3-6 months to keep repairing/raising our credit a bit more, being able to leisurely spend time fixing up the odds and ends in our house, and having all the time in the world to get everything done. My heads still spinning at how quickly our world just got flipped 180 degrees, and how quickly we've got to get down to business! This has so far been one CRAZY Labor Day weekend! [link] [comments]  |
| Moulds in master bedroom's bathroom Posted: 05 Sep 2020 11:26 PM PDT I am a landlord in NSW, Australia. I rented and managed the rental place by myself. I just discovered that after 2.5 years of renting that master bedroom, there is a wall of mould up the ceiling. The bathroom has good ventilation (window and fan). I personally lived in that bedroom for 4 years and never encountered a mould issue. The tenants said they opened window all the time. They said the window is too small. There are no other mould issues inside the house except that bathroom. They never reported that to me either and I rarely inspect as I live interstate. The tenant confirmed that there was no mould when they moved in 2.5 years ago. Now they are saying it is my responsibility to kill the mould at my own expense. What is your opinion? I am really confused and don't wanna drag this further. [link] [comments]  |
| Posted: 05 Sep 2020 11:24 PM PDT Hey!! I've been doing a ton of reading and digging on the benefits of 360 virtual tours and 3D models for real estate. So, my question is... What are your opinions on the effectiveness of having 3D models/ 360 imaging done on your properties? What's the price you'd be willing to spend to have it done? I'd love any input or thoughts! [link] [comments]  |
| Posted: 05 Sep 2020 11:22 PM PDT First time homebuyers - couple with excellent income and credit scores seeking a 30 year Jumbo in SoCal. We're supposed to close on 9/23, and are about to submit our list of post-inspection repairs to the sellers. House is brand new and it's all minor stuff. Our mortgage broker seems like a great guy, comes highly recommended and promises is that we're very strong buyers - but I guess Jumbo loans are harder to get at the moment due to covid, delays etc and we're still waiting for conditional approval/underwriting? He is so confident he can find us a loan, he already ordered the appraisal and said he'd pay for it out of pocket if we don't close. We've had to sign and send a ton of paperwork and exception letters because I'm self employed (business is great) and my girlfriend is currently a student but still has income from other sources. Bottom line - we can easily afford this home and I'm confused why it's taking so long to lock in a loan or even get a conditional approval to start talking about rates/terms etc. Without going into too much personal detail - should we be concerned? Should we wait and see, or immediately walk into a bank/credit union or find another lender to compare before it's too late? This guy has done a ton of legwork for us and even helped boost our credit scores prior to pre-approval... but I'm starting to get nervous since we close in 3 weeks. Thanks for any insight! [link] [comments]  |
| Posted: 05 Sep 2020 11:20 PM PDT I'm moving into an apartment for the first time. My potential landlord is asking a lot in terms of security deposit + move in monies. The monthly rent is 1400. To move in I have to pay a month and a half rent, the prorated amount for the remainder of the month. And next months rent. As well as a cleaning fee. This would amount to: 2100 (a month and a half for security deposit.) + 980 (prorated remainder.) + 1400 (Next months rent.) + 200 (Cleaning fee) = 4680 I live in Michigan. The area is a nice area in downtown Birmingham, Michigan and the apartment is relatively nice. I have a 740+ credit rating and a steady relatively high income. Is this normal practice to charge this high? Makes me really nervous. Any feedback would be appreciated. [link] [comments]  |
| How do you find a good lender? Posted: 05 Sep 2020 11:18 PM PDT |
| What would you all do if you were in my situation Posted: 05 Sep 2020 07:12 PM PDT Family of 4 - 2 small children Living in southern california. We have well over 100k saved up to use as a downpayment if needed. Approved for a 450k loan at 5.25% with 20% down. Its a bank statement loan - we own a business so this is our only loan option. We could actually borrow a lot more but I don't want to. The housing market is a super sellers market in our area so its very difficult to find a good home, they go very fast and you don't even get much time to think about it. Prices seem to be going up pretty quite right now too. Our lease is up on the 1st of the year. It would be nice to find a home closer to our business by Jan 1st. Is this situation just too crazy and should we wait and rent another year? Should we keep looking and hope we find a fairly priced house that is close to our business and meets our family's needs before Jan 1st? Or should we just say forget it, put our downpayment into another investment and just commit to renting for the foreseeable future? I'm also worried about FOMO, inflation economic decline (currently the business is doing fine with covid, and seems like it will continue to do fine) but I'm still worried. What would you all do? tl/dr: Renting, want to buy, scared of the market, have more than 20% to throw at it but stuck with bank statement loan so price increases really suck, should I rent/wait or buy now? Thanks, sincerely worried parent/business owner/renter. [link] [comments]  |
| Any Lenders With No Overlays FHA? (MA) Posted: 05 Sep 2020 10:49 PM PDT Does anyone know any Lenders that offer FHA to right around 620 credit score? I have around 35k saved and want to use 15k for a downpayment and I believe at least another $5k for closing. My credit utilization is 0%, I time reporting to show <10% by paying my recurring bills. Most of my bad credit is settled collections and missed payments on credit cards due to a dumber younger me. I have 2 years of 100% on time payments now. Any recommendations on a lender that may work with me? [link] [comments]  |
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