Firing realtor Real Estate |
- Firing realtor
- Advice on 'selling' property from mother to children
- Is this normal?
- Does anyone have a check list or general advice on what to look for during an initial home viewing?
- Confused / Anxious about buying a home in Bay Area, CA
- Home inspection damage and lack of communication through buyer’s agent.
- Mortgage question
- What are the factors which will influence housing prices in the coming 10 years
- Can someone explain pre-inspection?
- Appraisal issue
- Selling property for the first time and I’m worried it won’t sell.
- Advice on terminating a property management agreement without proper notice
- Should the buyer take personal recommendations from the seller? Should the seller even be recommending?
- Trying to get california DPA and CalFHA
- What to know about electric heat in a house?
- Need Advice on Buying a House with a Tenant Living in it
- Is it better to have a slightly higher debt to income ratio or refinancing a car within 6 months of looking for a house
- I need some insight on the housing market. I’m looking to buy and I have some questions.
- Can I sell half of a property if it is owned by 2 people?
- Leasing land for resources
- Trouble selling our home in a hot market
- No realtor, no preapproval- home shopping based on wants
- Hoarder house - biohazard cleanup.
- Sell Land Vacant or Build Then Sell?
| Posted: 02 Nov 2020 10:12 PM PST I'm a first time home buyer and as the title states I'm about to fire my realtor and wanted to get honest opinions on the message I'm about to send him. First off I'd like to note that I never signed any sort of agreement with him so there shouldn't be any legal issues that follow. That being said, for reasons the partnership just isn't working and this was the message I wanted to send him. Is this appropriate? "Hey ****. I just wanted to say thank you for all your help over the past few months. I really appreciate everything you've done for me. I wanted to let you know that I've decided to persue other options and will no longer be requiring your services. Thank you again for all your help." Is this okay to send? [link] [comments]  |
| Advice on 'selling' property from mother to children Posted: 02 Nov 2020 03:47 PM PST I'm looking to buy my mom's house in the very near future. The house is 100% paid off and was initially my mother's investment rental home. She is willing to sell it to me for the same price she paid which is about 60k under fair market value. I would not be able to qualify for a mortgage of this size on my own however my mom is willing to be my 'bank'. We negotiated at roughly 30k down + 2600 monthly payment. What is the best way to facilitate this type of 'sale' while avoiding taxes as much as possible? We are just under the 2/5 year rule for rental properties so would like to get this done ASAP. Thanks [link] [comments]  |
| Posted: 02 Nov 2020 05:05 PM PST We're looking for our first home and started working with a realtor back in September. She set up 2 showings for us, for which she didn't show up herself and sent a colleague instead unannounced 30 mins late. That was about 5 weeks ago and we haven't heard a word from her since (last correspondence was me asking where she is, because she didn't show up to the showing) I thought we'd be looking at more homes than this, even if we don't put lots of offers in, just so we can get a feel for what's out there and see what you want in a home and what you need to run away from. Is this normal or is our realtor a potato? [link] [comments]  |
| Does anyone have a check list or general advice on what to look for during an initial home viewing? Posted: 02 Nov 2020 09:31 PM PST I'm in the market for a new home and have probably seen a couple dozen at this point (lost three offers already, but that's a different story). Something that's bugged me as a first time buyer in this market is that I don't really know what I'm supposed to be looking for apart from general layout of the house and whether I "like it" or not. It's a super hot market and for a good chunk of the homes, I only get an hour or so to walk through before the next showing (Covid rules mean only one buyer-party in the house at a time). And then I need to put in an "aggressive" offer based on what limited information I gathered from the walk through. I'm going to see another house this weekend which I gather will be a "one weekend and done" type situation and I already know that if I want it, I'm going to have to bid over ask. It just seems a little ridiculous that I've got to make this kind of purchasing decision based only on the aesthetics of the house gathered from a 45-60 minute walkthrough. I know if I have an accepted offer I can probably get out on an inspection contingency if something is misrepresented or far from my expectation, but I guess I'm kind of looking for a 15 minute checklist that I can run through while there - like roof type, size/type of water heater, type of windows to name the few that I know. I'm sure there must be more... Anyway, if you had less than an hour to decide what to offer on house, what are the big things you would look for? [link] [comments]  |
| Confused / Anxious about buying a home in Bay Area, CA Posted: 02 Nov 2020 06:43 PM PST I am mid 30s single women thinking about buying a townhome or SFH around 1 million. My TC is 250k (180 base and 15% bonus). I have 230k in cash. (50k of which is in Indian bank). 250k in stocks and index funds and 125k in 401k. My current rent is 1600( sharing a 2b apartment) and other monthly expense is around 1300/ month on average and I don't expect it go up in the coming years. My non-rent expense has remained more or less the same in the last 8 years. I will most likely rent out the extra rooms in case I buying a home. As a single woman, townhomes seem to be safer but 300$ HOA seems a waste of money. Buying SFH would be ideal from an investment perspective. But It is hard to find good ones in Fremont and I am skeptical about buying SFH in Newark and Union City. I could consider townhomes in Fremont and Milpitas. Currently, I live in Fremont and used to commute to Oakland for work. Milpitas seems like a good location based on commute wise for any future career move. I don't expect to work in Oakland for my next job which could be after 1-2 years. Making such a large purchase as a single person makes me very nervous. On the one hand, I am fine renting apartments for the rest of my life and having roommates( I always had roommates after moving out of home and don't like living on my own). But on the other hand, I have the money to buy a home now, and as the property values can become too high for me to afford me in 3-4 years. But there is also a possibility that the housing market might fall because of the surge of WFH in many companies. This process has made me very stressed. The confusion ranges from if I should buy a home at all. If so, should it be SFH or townhome? Will I be okay with SFH in union city or Newark as it will make for a worse commute? Or should I just go for a Townhomes closer to South Bay (like Milpitas)near BART( which makes the commute to South Bay and SF bearable but not a good investment compared to SFH)? Even the process of buying a home seems overwhelming. I would appreciate any advice for someone in my situation. [link] [comments]  |
| Home inspection damage and lack of communication through buyer’s agent. Posted: 03 Nov 2020 04:04 AM PST Entered property (vacant) after home inspection to find windows not locked properly. Went around to all windows to lock and discovered a brand new window (installed this summer) was not locked properly and looked like the bottom pane had been repeatedly slammed up and down resulting in the joints at the bottom of the window frame to split at seam. Went to basement to find radon test being conducted and dehumidifier unplugged. Called agent immediately, took pictures of damaged window, and stated that till the house changes ownership, no one is allowed in unless supervised. Met buyer's agent at house with person picking up radon test kit. Greeted them, let them in to remove kit and was asked "what caused the sudden rift?" I stated I'd rather discuss that through my agent and want someone here from my side till this is sold. Upon picking up test kit, I did not mention anything about the dehumidifier being unplugged. Gave them the opportunity to plug it back in, or at least ask if they could, but did not then left. My concern is that after meeting the buyer's agent, my buyer is going to be fed a bunch of crap of why I suddenly am no longer allowing the property visited without my supervision. I have not seen a list of items to be fixed yet. When replying to the list of what I agree to fix, I was thinking of adding a note in the list explaining the sudden change. Something along the lines of : The reason the house is no longer allowed to be occupied without someone from my side present is due to lack of communication from the buyer's agent. I expect the property to be found in the same condition as I leave it. I found windows not secured properly, damage from inspection to window, no notice of radon test being conducted, no permission asked for unplugging the dehumidifier, and halted a unscheduled/unlogged re-entry to the property. Is this something I should even worry about including? TLDR Had inspection, entered to find property was not secured properly, damage to window, no communication about radon test being conducted or permission to unplug dehumidifier for test, halted a unscheduled reentry to property. Now, no one allowed on premisses without supervision from seller's side. Want buyer to understand why the change has been made as their agent does not communicate properly. Thanks in advance for your input! [link] [comments]  |
| Posted: 03 Nov 2020 01:42 AM PST Can you request a loan for $250,000 and use it to buy a house for $200,000? That way, you'd still have $50,000 left for repairs, etc? I apologize for my noobish question. I'm trying to learn about investing in real estate and was wondering how people are able have the money to fix up their first properties. [link] [comments]  |
| What are the factors which will influence housing prices in the coming 10 years Posted: 02 Nov 2020 09:48 PM PST Hi All I'm trying to understand US housing market. I would like to know what factors do you people think which play a big role in housing prices.
Any economic, cultural changes which will have an impact on next ten years?? Please comment [link] [comments]  |
| Can someone explain pre-inspection? Posted: 02 Nov 2020 06:11 PM PST Hi, I may be buying a home in the next few months after selling mine in a... let's call it toasty? Not Bay or Seattle or NJ blazing hot, but rather warm for our area .. market. For example, my well-priced, well-staged, in great condition home sold in about 18 hours after three showings and three offers. I keep seeing people recommend pre-inspecting a home in order to comfortably remove the inspection contingency from their offer. My understanding is that you get an inspection with a professional contractor or inspector prior to putting in an offer. Is that much correct? If so, then ??!??!??! How do you do that when homes fly off the market? Like, when is there time to say, "Oh, hey, this new listing looks like it fits the bill! Let's call the home inspector to see when he/she can walk through it with us. Oh, next Monday? Okay!" Chances are it's sold by the end of the day it was listed. Even if that isn't a factor, how many sellers are willing to leave for the (at least) 2 hours it would take you to do a meaningful inspection unless the home is vacant? Maybe I'm missing some piece of this that makes it all work, because right now I can't see it. Can anyone clarify? Thanks in advance. :) [link] [comments]  |
| Posted: 02 Nov 2020 02:21 PM PST Hi! Just curious if anyone else is having issues with the length of time it's taking to get an appraisal done. We went under contract for a house (we're the buyers) and our loan officer put in an order for the appraisal the day after the contract was signed. We paid for the appraisal 30 days ago and the last we heard was the bank called to tell us the appraiser "picked it up" but that it was going to cost an additional $300 because it had outbuildings, a lot of acreage, and was located in a rural area. None of these are true (no outbuildings, .36 acres, and located in the capital of our state.) The bank put out a message to the appraisal middle man people, but we still haven't heard anything back. Is this common right now with increased sales and refinances? [link] [comments]  |
| Selling property for the first time and I’m worried it won’t sell. Posted: 02 Nov 2020 06:05 PM PST For reference I live in Georgia, USA. My husband and I are moving and are about to list my childhood home and property. It is about 9.17 acres and runs up against a river. There's no path to the river but you can easily walk down to it. The "home" is a run down double wide and there's another double wide on the property that needs to be torn down. The one we live in has a front and back porch that need to be repaired or town down. The mast pole needs to be replaced. There are holes in the ceiling from previous water damage (new roof installed since then). There are old fencing and posts encompassing part of the property. All of this to say we are really selling it as is. We are done with it and want to be done with this chapter of our lives (my husband and I moved in when my mom passed 5 years ago to get out of a bad living situation). We are under contract on another home and will close this month. All of this to say, will someone really buy this property with all of the stuff that has to be removed/repaired? Again, it is River side property that someone with enough money could build a nice little hunting cottage or even a house along the river and have plenty of land. We are hoping to sell it for 100K and our realtor thinks it's possible but the more I look around the more I'm nervous and not sure. [link] [comments]  |
| Advice on terminating a property management agreement without proper notice Posted: 02 Nov 2020 08:24 AM PST I have a rental property and have a contract with a management company that states I must give 60 days notice to terminate our agreement. My current tenant is leaving at the end of their lease on November 30th and my management company has not found a replacement. I've decided to sell based on a recent comp instead of re-rent. Do I still need to give 60 days notice even though 30 days of the notice period has no tenant? [link] [comments]  |
| Posted: 02 Nov 2020 06:49 PM PST Should the buyer take the personal recommendations of the seller ie what contractors or services to use? Or should the seller just stay out and let the buyer find their own way. [link] [comments]  |
| Trying to get california DPA and CalFHA Posted: 02 Nov 2020 02:26 PM PST Hi all, Long time lurker here, finally decided to post. I make 60k base and also get up to 15k in bonuses based on performance. This year with Covid, I got 7500 instead of 15k for last year performance. Looking to get approved for a DPA program or CalFHA to purchase a home and I feel I'm qualified financially. I have been searching for condos/townhouses/single homes around Temecula and Murrieta (Riverside County) for appx 320k-400k. I'll be purchasing said property and living with my girlfriend and her brother so mortgage would be split 3 ways. I want the house to be in mine name only since we are starting to live together for the first time. My credit score shows that I have around a 620 and I need a 650, preferably 680 or higher. I am hoping to purchase around Feb/March. I have been sitting on 10k and feel this is the time to clear up my life so lets dive into my credit. CREDIT CARDS Capital One Quicksilver - 2200 limit, card was always maxed out. I paid 1900 today and now carry 300 on it. Credit One - 750 limit, I paid 400 today and now carry 350 on it. Paypal Mastercard - 500 limit, I paid 300 today and now carry 200 on it. Victoria Secret - 550 limit, has 0 balance. Target Red Card - 300 limit, has 0 balance. COLLECTIONS IC Systems - Original debt 598 from ATT, settled for 329.07 today for a pay for delete. Convergent Systems - Original debt 450 from Cox, settled for 337.93 today, settled for less agreement. CAR Loans Car 1 - 2600 left on 23k loan at 1.9% this car has 3 late payments two are over two years and one is recent as of August. Long story, I gave it to a friend and he's been paying on time until he lost his job in July which cause the late payment. He has a job now and is paying on time. He has shitty credit and tried multiple times to get a loan for the car and has been unsuccessful. I could pay car off and have him pay me directly, but am unsure if that's good. Current monthly payment 400 Car 2 - 24k left at a whopping 8.2%. No late payments and I refinanced 2 times original apr at 17%. Car is worth 19k and debated on paying 5k on it to refinance. Current monthly payment $515 My lease ends Dec 28th and im looking to extend it for 6 months to give me time to increase my score and qualify for one of the programs mentioned. Between my work bonus, tax returns and other money coming in ill have appx 17k to work with 1st quarter of next year and hopefully use that to buy a house. Any recommendations on what to do to boost my credit to high 600s or even low 700s? [link] [comments]  |
| What to know about electric heat in a house? Posted: 02 Nov 2020 08:16 AM PST Crossposted as I'm not sure the best place to ask but ... We are in contract on a house in central Ohio and the street does not have a gas line. The house has an electric heat pump that was replaced in 2014 as well as a wood-burning stove and WBFP. What do I need to know? Should this be a dealbreaker? I've always had gas so this is unexpected. We love this house and really, really want to stay in contract but want to be prepared for what is to come. [link] [comments]  |
| Need Advice on Buying a House with a Tenant Living in it Posted: 02 Nov 2020 08:02 AM PST First time buyer here and looking to gain equity. I am currently renting a house in a neighborhood I absolutely love but I can't afford to buy there as houses are selling for mid to high $400,000's in this market (I was only pre-approved for $400,000). There is a house in another neighborhood that has been on the market for 23 days and listed for $299,000. The catch is that it is a rental and the current tenant has been living there for 8 years and doesn't want to leave. Since I only want to buy a house for the equity and am happy renting my current house, should I go for this house? I have no experience as a landlord and am a little hesitant because it is a decent sized house in a pretty good neighborhood, but it's listing price is $50,000 lower than it should be. I wonder if the reason for this is because of the tenant situation or if it needs major repair. [link] [comments]  |
| Posted: 02 Nov 2020 04:19 PM PST My parents are looking to buy a house and have a car payment that is quite large, I believe it's $700, if they refinance it they could drop the payment to about $300. Is it better to have 2-3% higher debt to income and keep it the way it is (39-40% debt to income in the price range they're looking at) or refinance now and lower debt to income to about 36-37%? [link] [comments]  |
| I need some insight on the housing market. I’m looking to buy and I have some questions. Posted: 02 Nov 2020 07:57 PM PST I have been saving and planning for a home for so long. I got myself out of debt, made lifestyle changes, saved money, got married etc etc. But it seems I am ready to buy in what appears to be not so favorable terms for me. We are looking for a home with a big backyard, 2-3 bedrooms, while that may not seem like a lot to ask, they are over $600k in my area. For financially security we don't want a loan higher than $500k, and we have about $37+ saved enough for a down payment, good credit. But now that I'm looking the only thing I seem to be able to afford are townhomes, so my husband and I came to the harsh reality that we may have to settle for a townhome. This is hard for us because we saw many of our classmates buy homes in the area in good locations with jobs that make less than we do, so I can't help but feel we are trying to buy at a terrible terrible time, they're also not that many listings in my area for anything I can afford. New listings come up once every 7+ days and not always something good. Even my lender told me, "there's just nothing, look" it's a bit discouraging but we still want to look. We were looking at a home that had 9 offers and one was accepted, which means there are about 8 other people with a similar budget as ours also looking. Also, to make this situation more confusing, I keep hearing about a market crash! But many are also saying that it won't be a huge market crash. So home prices may not drop, but does that mean more homes will become available? My lender said many people lost their jobs and may be looking to sell, or homes being repossessed. So my question is, what do experts foresee in the future for the housing market? Will more homes become available? Should I just buy at the first chance I get? Should I wait and keep saving? If I keep saving we may be able to increase our purchasing power to $550,000 (currently at $500,000) possibly even qualify for a higher loan but we're mostly interested in a mortgage no higher than $500,000. What would you recommend to someone like me looking to buy? I live in CA about 50 miles from the Bay Area so we're highly impacted by high cost of living, my biggest fear is that it's not going to get better and I want to "lock" in a price. [link] [comments]  |
| Can I sell half of a property if it is owned by 2 people? Posted: 02 Nov 2020 03:58 PM PST I bought a condo in FL with my mom and both our names are on the deed. I want to sell the condo as it has been a few years now and want to move, but my mom does not want to sell it or buy me out or any of that, so is it possible to sell only my half and have the property transferred out of my name and into a new owner's name, etc? [link] [comments]  |
| Posted: 02 Nov 2020 07:41 PM PST A group of friends and I are looking to invest in a large parcel of property (several acres that will ultimately have multiple households) in Oregon, and many lots we are looking at have small plots of acreage for vineyard or timber. My question is, how does one begin the process of determining the potential profit from leasing the land? [link] [comments]  |
| Trouble selling our home in a hot market Posted: 02 Nov 2020 06:37 AM PST We built a home 2.5 years ago in a Rochester, NY suburb. Two homes in our development went on the market and sold for over asking in a matter of days this summer. We listed our home over a month ago and haven't had a single offer. Lowered our price twice so far. It's currently listed $10k over what we paid for it and we put over $25k into this house after we moved in (fence, backsplash, air conditioning, patio, stairs to the patio, blinds, etc.). We thought we'd live here forever but our circumstances changed because of Covid. Can someone troubleshoot why we haven't been able to sell? I think our agent is not a great fit for us but I don't know how to go about even finding a new agent or terminating our contract. But also — it's a hot market! Homes have been selling in a matter of days still. Am I just impatient or does my agent suck or does our house just suck? [link] [comments]  |
| No realtor, no preapproval- home shopping based on wants Posted: 02 Nov 2020 09:01 AM PST Hello all, Looking for advice on my situation. I live alone and am currently in a month to month rental and have been for many years. My credit score is in the 800s, I have no debt and a healthy savings of more than 20% down of my max budget and then some. This would be my first home purchase and likely my last. I am perfectly fine in my rental and only looking to purchase when my ideal home comes along- so no timeline. I occasionally tour open houses when I see a home that could be a fit for me, and am wondering exactly what I should do when I find the home that I want. Since this could happen in 2 months or 2 years- how do I go about my process? Do I need to work with a realtor even now although I don't want to be shown homes (I look nearly daily at what goes up and would only tour those that might be a fit- so far that would be 3 homes in two years- like I said- no rush!)? And also I don't know how long preapprovals last, but with my score and such i am certain I'd get approved. But if I find the home that I want- can I get preapproved fast enough to make an offer? Any advice is appreciated- thank you! [link] [comments]  |
| Hoarder house - biohazard cleanup. Posted: 02 Nov 2020 07:22 PM PST Just bought a 1930 craftsman bungalow that was full of a hoarders trash. Got most of it cleaned up except the remnants' of a dead racoon on the upstairs unfinished wood floor. Just wondering what's in the biohazard cleanup kit? hydrogen peroxide? wood bleach/oxalic acid for the stain? [link] [comments]  |
| Sell Land Vacant or Build Then Sell? Posted: 02 Nov 2020 08:39 AM PST Long story short, I have a 2 acre lot that I would like to sell. Similar sized land in my area is selling for about $80-110k. There's a fairly wide margin of homes in my area with smaller older homes going for $300-400k and larger homes going from $600-800k. Does anyone have past experience with selling vacant land? what's the best approach to take? Is building worth the added headaches? Any advice greatly appreciated! [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment