I hate barn doors Real Estate |
- I hate barn doors
- Why are you waiting to sell your house?
- First home purchase felt way to easy... We got lucky
- Unusual counter offer by seller. Buyers pay appraised price?
- What low-cost or low-effort renovations make a property appear more luxurious and more attractive to renters?
- First-time homeowner with yard any tips on what to buy
- If someone builds a mansion in a neighborhood of ranchers worth 100-160k, does it increase or lessens the property value
- Thoughts on quoted rate and points in LA area?
- Should I send a real estate agent a listing from another agent?
- Savvy buyers or lack of patience?
- Unpermitted addition built several owners ago
- Competitive offer with 5% down?
- Should I do this?
- Should we be worried about our listing?
- Buying vs renting right now in Socal
- Cash out refinance to invest in the market?
- 2.99% | 30 Yr | 10% down?
- (NY) My wife says I'm being too picky. But am I?
- Condo Offer/Counter-Offer Negotations
- Anyone having issues with approval after receiving pandemic unemployment?
- I am looking to buy my first home, but I am in what might be a somewhat unique situation and I'm having trouble finding advice that pertains to it. (FL)
- Opportunity for a 23 yr old
- Listed Price, Appraisal, Difference QUESTION
| Posted: 08 Nov 2020 11:27 AM PST A barn door isn't going to protect my wife's dainty ears and nose from the sounds and smells of me ripping ass in the ensuite bathroom as she tries to sleep in our master bedroom. Either cough up the money for a pocket door, or design a layout that can accommodate a conventional door. [link] [comments]  |
| Why are you waiting to sell your house? Posted: 08 Nov 2020 06:02 AM PST I know inventory is extremely low all around, but I want to hear from some would-be sellers as to why you aren't putting your house up. I am so dismayed at how few houses (few for sale, there are plenty there) are in the area I want, and I want to know which factors are making people hold off, and how long do you think you'll wait now? TYVM Edit* Just to be clear, this is more for people who would like to sell their house and are not, and not people who are not interesting in selling their house. One is waiting to sell, and the other is not selling. [link] [comments]  |
| First home purchase felt way to easy... We got lucky Posted: 08 Nov 2020 07:55 AM PST Alright gang, like the title said our first home purchase was a breeze and it felt way too easy. We know we are lucky but I hope that this little story of our experience is an encouragement to people (like me) who read the stories here, hear friend's experiences and get anxiety at the idea of starting the home process. We live in a very competitive market and had friends looking for months! So story time: Back in March at the start of the pandemic we realized that for the sake of our sanity we needed to get out of our 650 sqft apartment and buy a house. We had been very aggressively paying off student loan debt but saw that if we pumped the brakes on that front and saved rapidly we could start shopping in November. Well end of September rolls around and we get word that a family friend is selling their house for sale by owner, unique property that had something that was my wife's dream and long story short that did not work out. We were super bummed that first day of Oct but I knew we would find something we liked but knew it'd be a process. So I was looking at Redfin saw a knew listing in a neighborhood I loved pop up that was just put on the market 4 hours earlier and I sent it to my wife as like a "look babe there's other homes out there". I see here 15 minutes later and she said "did you text our realtor and tell them to make an offer on it?" and I was like what?! Sight unseen we put in an offer the next morning (oct 2nd) and that afternoon we went to see it in person. Our approval was affirmed and we were glad to put in the offer but were hesitant to get excited. Our offer was for the listing price, our realtor confirmed it was a great price for the size, condition, and area. He was upfront and said at that price for this home he expected multiple offers to come in this weekend and we will probably have to put a best and final offer on Monday. Sunday Oct 4th, we were taking with some friends and told them about it. My wife got was trying to stay realistic and hold out on excitement and I said "you never know, the owner may not even care about money and get want a nice young couple to move in and start a family there". She laughed and said "yeah right". Two hours later we got a call from our realtor that the sellers agent called and said the owner loved my letter and doesn't really care to entertain other offers. He doesn't care about the money, he excited to sell to a young couple looking for a home for their family." So we had verbal acceptance and by 7 pm we were under contract. ON THE FIRST MLS LISTING THAT WE PUT AN OFFER ON. Lending underwriting and approval went great. Inspection went as expected for a house that was 45 years old. Seller agreed to a $1000 closing credit for some repairs and agreed to pay for home warranty. House did appraise for 5k less than contract price. Both realtors had comps to justify the contract price but because the appraiser was behind schedule on appraising by a few days we didn't have time to wait on a reevaluation of appraisal if we wanted to close on time. Seller agreed to meet us halfway, so price was adjusted and we brought 2.5k more to closing. Closing after that went smooth, final loan approval and final CD came through. No title issues. So we closed on the 4th and we moved everything in on the 6th! TLDR: We live in a competitive market, were kinda dreading how stressful it would be to buy a home. But we got the first MLS listing we put an offer on with very little hiccups. [link] [comments]  |
| Unusual counter offer by seller. Buyers pay appraised price? Posted: 08 Nov 2020 06:20 PM PST I've recently had an interesting counter offer by a seller. The language reads: "Buyer to pay the difference between the appraisal amount and the purchase price if any." We suspect the seller thinks it will appraise for much more than the offer is for. I, nor anyone else I've talked to knows what they intend. I'm not willing to gamble on the appraiser. Any insight into what they actually want? Other than shaking us down? Thanks for any input. Edit-- Thanks for the input everyone. Based on the feedback it seems their agent may be inexperienced due to the poor wording, and the fact that it won't appraise for less than the loan, we're bringing 25% down. Our loan is well below what a likely appraisal is. [link] [comments]  |
| Posted: 08 Nov 2020 03:27 PM PST I'm talking low-cost things - for instance, things like trim, doors, window dressings, maybe some kind of kitchen appliance, or in the alternative, low-effort things that may be more expensive, but a layman can take care of the labor. [link] [comments]  |
| First-time homeowner with yard any tips on what to buy Posted: 08 Nov 2020 06:43 PM PST Hi All, Been living in apartments all my life. Finally, have a house under contract with a front yard and back yard. The seller is taking their refrigerator too so wanted to ask you all what are the essentials items for homeowners for all seasons. Any credit cards or member store cards I should apply for after closing? Hopefully, some black Friday discounts pop up that I can utilize: [link] [comments]  |
| Posted: 08 Nov 2020 02:53 PM PST |
| Thoughts on quoted rate and points in LA area? Posted: 08 Nov 2020 10:18 PM PST Cashing out about $300k on my mortgage to pay off higher rate mortgage on an investment property. Subject cash out property is primary residence that is a duplex valued at $1.8-2 m. Have about $650k left on it. Citi matching another lender at 2.99% @ 1.625 points. Other lenders so far have quoted same rate BUT way higher points (one up to 2.5 points). I'm reading all these amazing rates on this board and am thinking it's still a bit too high. Thoughts? Experiences in cash out in LA area? [link] [comments]  |
| Should I send a real estate agent a listing from another agent? Posted: 08 Nov 2020 05:19 PM PST I am working with a realtor agent for apartment hunting. They work for a realty organization that has a number of listings. I found another listing on a listing site (like trulia) listed by another listing agent. Would I be able to send my agent the listing to see if they have access to it, or is that not how things work? I'm confused/unclear about the entire workings of real estate. I see the listing, contact the contact person and see if I like it. [link] [comments]  |
| Savvy buyers or lack of patience? Posted: 08 Nov 2020 05:17 PM PST Today I was looking at real estate trends across the country. Make no mistake about it, this is a ridiculous market. What I find interesting, as we now enter month 10 or 11 of the pandemic, is how people are paying thousands above list price and waiving all sorts of contingencies in hot markets like Vegas and Phoenix. I've got to wonder if these kind of decisions will come back to haunt folks in the future. I get the interest rates are low, but all of the bidding wars just seems unreal. I'm of the mindset that you should always wait until you find a good deal, although I'm aware this is subjective. I don't see anything good coming from offering 30- 50k above list on say, a 340k home that's probably worth 310 outside of these demanding times. Not to mention all of the faux demand that's being created by wholesalers, "flippers" and home builders who want to cash in. What are your thoughts? [link] [comments]  |
| Unpermitted addition built several owners ago Posted: 08 Nov 2020 08:53 PM PST Hi! We are looking at a home with an addition (about a 20 x 15 add-on to the back) that does not have permits on file. We are in Los Angeles (LA City). there's no chance of getting the current seller to help with permit. It seems like the addition was originally built a long time ago, maybe 1980s? and has been sold at least twice since whenever the addition was built. I have been reading a lot of posts on here about unpermitted work; unpermitted work is very common here so after a lot of research, I think resale is not much of a concern as other places. but I have a couple questions I haven't found answers to —
FWIW our home inspector said he sees no obvious code violations. Ofc I know the city would probably demand walls be opened up to look at stuff, etc. to verify. Thank you!! I really appreciate everyone's help :) [link] [comments]  |
| Competitive offer with 5% down? Posted: 08 Nov 2020 08:48 PM PST We put an offer in today with 5% down conventional loan at full asking price with no seller concessions (average in our area is 3% seller concession), typical inspection/appraisal contingencies and nothing else. We'd even be comfortable offering $5k over asking with those same terms. It's a competitive seller's market and I've read before that having a higher down payment makes your offer more competitive. I am guessing this is because the risk of your financing falling through is lower? In this low rate environment, it makes more sense to me to put less down and invest the rest. We are in a very stable financial position as we have hefty savings and the loan is only 1.7x income, but putting more down beyond 5% seems wasteful. Is this hurting our offer's competitiveness? [link] [comments]  |
| Posted: 08 Nov 2020 08:29 PM PST Should I buy my mom out? My Parents split with a house worth approximately 600k. There's a 200k mortgage left. My mom wants $150kish to buy out her half of the house. Me and my father currently live in the house. He has enough for the rest of the 10 year mortgage + bills. Would it be financially wise to buy out my mom in this situation? Currently Zillow estimates 5% appreciation of the house in the current neighborhood/city it's in. I would own half the house for roughly 150-180kish and my dad would continue to pay off all the bills/mortgages. I assume he would leave me the entire house in his will. I'm in a strut and would love some help. I am liquid enough to pay her off btw but would be most of my savings. I'm young 20s so I'm not sure if that makes a difference or not in this situation. [link] [comments]  |
| Should we be worried about our listing? Posted: 08 Nov 2020 08:10 PM PST My husband and I listed our starter home late Friday night (when the listing was active on Zillow etc). But when we looked at the pictures, our relator dropped the ball. He took pictures on his phone and didn't even hit the automatic edit button. They are horrible quality. We were so hopeful in this insane market people would jump on it. We have only had 3 showings over the weekend with a 4th scheduled tomorrow. Could it be the pictures? The feedback we got was a 4/5 on the house and 1 of the 3 said extremely interested. Even said "better than the pictures show!" We might get an offer from one of them but who knows. I'm just majorly concerned that if they don't, we are missing out because people blow past the photos. Is it wrong to tell our relator to use the ones we took instead? Am I panicking for no reason? This is so stressful. [link] [comments]  |
| Buying vs renting right now in Socal Posted: 08 Nov 2020 10:12 AM PST I know buying vs renting is a whole thing. But were looking at condos and i'm trying to convince myself this is a good idea in the current market/environment. Quick backstory. Been living in a rental in santa monica for 11 years. My now wifes elderly parents live in huntington beach. They are starting to get to the point of struggling to stay in their house which only has bedrooms and full baths up a flight of steep stairs. In order to be closer to them and able to assist them better, and should the point come they can't be in that house any longer due to the stairs my wife and I have started to look at buying a condo in the area which her parents could possibly move into down the line if they had to. With current rents I started to look a buying as rent is going to cost about what a mortgage costs. Plus we have 3 dogs which we are having trouble finding a place to rent to us. So now the question is is now a terrible time to buy in socal? I hear all the stories of people leaving la due to the pandemic and it does make me wonder if the market is about to crash. On the other hand we plan to have this place at least 5 years and being fairly close to the beach its hard to imagine the housing market in that area crashing and not recovering in a matter of years. Interest rates are low so thats another push towards buying. Just curious to those that have experience in socal real estate what their current thoughts are at this time and wether you think it would be worth waiting 3-6-9 months to see what happens with the market? [link] [comments]  |
| Cash out refinance to invest in the market? Posted: 08 Nov 2020 07:32 PM PST I am 29 yrs old, own 3 properties, one free and clear (330k value) the other two with 60%+ in equity (500k, 180k). I currently have 240k in the market all high growth in retirement accounts. My question would be should I pull out 250k from the property I own free and clear to invest it in the market? The property would still cash flow and I would have other funds to either buy my property when the time comes or invest over the course of a year or so in the market. It seems like a lot are against this idea not sure why. I feel like at these refi rates its almost near free money. The only downside I see would be an increase in my DTI and hindering my ability to keep buying real estate as I no longer have a job. [link] [comments]  |
| Posted: 08 Nov 2020 01:25 PM PST Hi All, long time lurker, first time poster. I wanted the communities insight on whether or not among my group of quotes that this one seems reasonable from what you've experienced: - 600k Home / Southern California - 10% down - 2.99 / 3.1% APR / No points This particular lender among the 3 i've gotten quotes from came in at the best but wanted to see what other's experiences are. Thanks! [link] [comments]  |
| (NY) My wife says I'm being too picky. But am I? Posted: 08 Nov 2020 09:12 AM PST I'll admit, I'm a relatively picky person. When I need a new username, gamer tag, or email address, it can take awhile. I like close to perfection, although I know actual perfection, especially in the sense of buying a home, doesn't exactly exist. Where we live the housing markets is a total sellers market, and it's booming. We've looked at over a dozen homes within our budget of approximately $330k (varies depending on taxes). I've liked a few, two of which we put bids in for and lost. Another one already had already accepted an offer and we didn't know until after we got home from looking at the house. Last night we went to look at another house with our agent. Our agent knows these people so we got in quick to look at the house for a private viewing. I don't mind little things that need to be done... Like as soon as we walked up to the front steps the railings were in dire need of paint. Whatever. Then we get to the door and the front door knob (inside) is busted and dangling; the interior door looks like crap... It's supposed to be white (I think) but was a hue of yellow. Whatever, I guess. We start walking around the house and I quickly notice that NO door ways have molding around it... It's just wood, some of which you can see through the cracks around the frame when the door is closed. At the bottom near the floor there are cracks and no molding again... It just looks bad to me. The bathroom looks like it's from the 90s. The sink has had a leak long enough it's made a brownish impression. The master bedroom was the garage converted, which was a nice size, but I didn't like the feel of it. Come to find out there's no permits for that or the exterior deck, so that could be a problem in the future for sure. To me, the cons outweighed the pros by far. I try - try - to keep an open mind, but I don't want to have to drop $70k for a down payment and take out a mortgage for the rest of the $330k to have to drop even more money into the house, a fair amount by the way. Like I said, paint is OK, some updating here and there is OK. But molding for each and every door? Or whatever it is called. Plus the permit issues. Plus the bathroom. The only things I did like was the kitchen which was beautiful and updated and the yard. Sorry if this is more for /r/relationships. I just feel frustrated and feel like, I dont know, maybe I am being too picky? But then I also think I am being justified in not wanting a house that doesn't feel right. My wife wants to get out of my parents house, which I don't blame her, but that shouldn't mean we just take any house to do that. We have a good relationship with my parents and this is allowing us to save even more. Thoughts? [link] [comments]  |
| Condo Offer/Counter-Offer Negotations Posted: 08 Nov 2020 06:53 PM PST Hi everyone, I put in an offer for a condo in Ottawa. The realtor listed it at $399,999 and and then increased it to $430,000 one week later. I looked at comparables (same model in the building 8 floors higher sold at $415K & another comparison with a different model by square feet) and determined the unit was worth $405K. I put in an offer for $405K. The seller countered with a "best and final offer" of $425K. I was surprised with the $425K amount given the comps. Since we were nowhere close - I let the offer expire. My mom told me I should have offered way lower and worked my way up to $405K. I worried that the seller would not consider the offer to be serious if I went with something like $380K. It's been a week and the unit is still on the market and is currently unoccupied (33 days on market). My realtor advised that my first offer should be what I think it is worth. What is this subs general opinion on making the first offer? Should it be a low ball? Should it be what you think it is worth? Other Questions
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| Anyone having issues with approval after receiving pandemic unemployment? Posted: 08 Nov 2020 02:55 PM PST But you're now back to steady work for the last few months?? [link] [comments]  |
| Posted: 08 Nov 2020 06:38 PM PST My plan right now is to buy a piece of land, improve it somewhat by clearing it or paying to have it cleared (it's pretty heavily wooded), and then buy a park model to put on it. The land has a very old, rotting, falling-apart mobile home on it, which is bad, but it also has a septic tank and well on it because of that, which is good. Assuming those both still work, that's one of the main reasons I'm looking at this piece of property. My issue is I'm not finding a lot to read when it comes to doing things this way, as opposed to just buying a house and land all at once. Am I going to end up needing to find separate lenders for the land and the mobile home, or is there some kind of all-in-one type of thing for this? I also haven't done a ton of research, so if you know about some kind of guide pertaining to this type of situation, I'm all for it. And of course, any general tips or advice on anything regarding this idea of mine would be really, really, really appreciated. [link] [comments]  |
| Posted: 08 Nov 2020 05:51 PM PST Hey, y'all. My dad proposed something quite interesting, and really out of the ordinary. Some background: My father and my mom own a home, equally split, in Ontario, Canada. He purchased this home back in 2000 for $180,000. It is now November 2020 and the market value of the home is roughly $925,000. With upgrades such as carpet removal, upgrades in the basement, landscaping improvements, and other material/cosmetics & refinements- after appraisal, we can expect $1,000,000. Due to two refinances back in 2011 & 2015, there is $150,000 left on the home. This is a cost my dad is willing to soak up. My dad is looking to retire early and add more liquid cash to his investment portfolio. So he wants to sell his share of the home. This would leave him an additional $250,000. His offer? For me (M23) and my sister (F27) to buy the home from him for $700,000 while my mom still has her fair share. It would be a 33/33/33 split. As uncomplicated as it sounds, it feels like it's too good to be true. I want to be able to build my real estate portfolio as quickly as I can, BUT most importantly, help my dad. I also feel like refinancing a home with this little equity might be an issue 5-10 years down the line. For the more experienced real estate gurus in here- what are your thoughts and what would you do in my position? TDLR;
Would love to hear everyone's opinion! [link] [comments]  |
| Listed Price, Appraisal, Difference QUESTION Posted: 08 Nov 2020 05:15 PM PST Hi everyone. After getting rejected many many times my husband and I finally got our offer accepted! I'm a big worrier so I have many questions but right now here is one. [link] [comments]  |
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