Getting tenant to sign new lease? Real Estate |
- Getting tenant to sign new lease?
- TLDR; Sale is firm but anonymous man contacted our realtor claiming structural issues - WTF?
- Newly renovated home has unpermitted work
- Selling my house while out of state, should I do a rushed floor touch up or don't bother?
- Free Software for HOA management (MI) USA
- Feeling frustrated
- Closed on a house in October. Getting a divorce and now need to sell lol.
- CA Home Seller requesting rent back - Gotchas or loopholes i'm missing with Covid restrictions
- Polybutene pipes "with copper fitting"
- Tax Bill on Mortgaged Property?
- Have any states repealed the rebate ban in the last 20 years?
- all the people that took forebearance didnt pay propterty taxes for 6-12 months, but they're still due...
- Want to buy empty lot and build garage apartment, what all should I be thinking of?
- Can I use my RE license to buy myself a primary and save commision with not actually using my license fulltime?
- [CA] Bought a home with a PPA solar system, but the seller didn't sign over their lease.
- Closing tomorrow, no closing time?
- Soundproof Underlayments two family
- Seller financing or not?
- Sell or rent in Southern California
- Buying property from 3 family members who co-own a home..
- Best lender for a investment loan
- Checklist before buying a home
- Part time?
| Getting tenant to sign new lease? Posted: 06 Dec 2020 09:48 PM PST Located in CA. We have a tenant that we rent to. She's nice and we've had her on a lease which has moved to a month-to-month term. She's had family come and stay for a couple weeks here and there. Mostly I don't care, we haven't had any issues over the years. I'm only concerned about liability. I guess CA considers the guest a tenant if they've stayed 14 days or more in a 6-month period, or 7 consecutive days. So technically this family member is a tenant in the state's eyes. Looking at the guest provisions in our contract, it's not specific. We should have not used something from the internet. How can I get the tenant to sign a new lease that's more solid? How can I protect myself from liability from guests staying over a lot? Thanks!! [link] [comments]  |
| TLDR; Sale is firm but anonymous man contacted our realtor claiming structural issues - WTF? Posted: 06 Dec 2020 04:26 PM PST Hey there! First time home buyers here in Canada! We're over the moon happy about purchasing a forever home (not expected) as our first house. It's a 107 years old home, but we're both handy and capable people. I have a fine arts degree, and he's a mechanical engineer. We love a good project! We have lots of friends who are also so talented when it comes to home renos and general upkeep of older homes. We have savings for home maintenance, and have no issues with the age of the home. The home has been wonderfully cared for, as the previous owners were invested in the home for 17 years, and the husband was actually a home inspector himself. They did rent it out for a while, but maintained the home really really well. We feel very lucky. Our sale went firm last Friday (Dec 4th). Financing, inspections, a special pipe inspection are all in oder. No issues. Closing is first week of January. However!! Saturday we got a call from our realtor, with news that he has never received before. An "Anonymous" caller contacted him claiming to be a structural engineer, but refused to give his name, and claimed that the house was actually going to cost us an extra 100K in structural repairs because the owners have covered up a ton of issues with the foundation. We had our inspector really investigate the basement of this home. We were blown away with how greta the basement was, but wanted to make sure things were in fact as they appeared. Nothing was a cause for concern! The sellers have specified that there has NEVER been a structural engineer on the property or in the house. It has not been inspected by one. Luckily for us, one of my friends is actually a structural engineer haha So you BET I called her as soon as we received this news. The sellers have agreed to allow for a structural inspection to take place even though they have no obligation to allow us anywhere near the house now that the deal is firm. Everything is signed! We'll pay for it though, and the seller will be present, which we're actually excited for because we want to talk to them and make sure they know we're not trying to be pains in the butt! This anonymous asshole has forced us to be extra careful though! We have no doubt that : 1)Mr. Anonymous is NOT a structural engineer (there aren't a ton in our province, and with my friend being one of them she's calling bulllllshit) My friend who's the structural engineer has gone over a ton of stuff with us, and is confident that there is nothing that wrong with our dream home. We're setting up the actual inspection for this week and can't wait to get it over with. What I want to know is... Have any of you heard of or experienced being contacted anonymously (or not?) after a deal has turned firm? The ridiculousness of it all is what's most annoying. I'm pissed off at this random dude! [link] [comments]  |
| Newly renovated home has unpermitted work Posted: 06 Dec 2020 10:47 PM PST I'm a buyer and found under the SPQ form that they have some unpermitted construction; the addition of a wall in the bathroom to make it 2 bath, a deck, and an expansion of the 3rd bedroom by knocking out the wall in the kitchen (btw the home is basically listed at 2 bed since 3rd bed is unpermitted, still listed at 2 bath somehow). Seller is a flipper, bought the home at 650k and basically tried to make the home look cosmetically nice without spending much money. I don't mind getting permits in the future, but I do not want to buy a home at premium price with all the unpermitted work + other repairs + whatever additional shady stuff we'll find. Offer is initially 890K but with everything I'm finding out about the home, it's definitely not worth 890k. How much leeway is there when it comes to negotiating price with the seller? I'm thinking of trying to bring it down to 40k and repairs but not optimistic they'll take. Any advice? [link] [comments]  |
| Selling my house while out of state, should I do a rushed floor touch up or don't bother? Posted: 06 Dec 2020 08:03 PM PST I'm relocation and have been on temporary assignment. I just got assigned permanently and need to sell my house relatively quickly as they stop paying my housing here (where I am working) in 45 days. I'm going home for the weekend. The living room and dining room floors have no finish on them. I'm short on time and they definitely can't be sanded due to age. Floors. I can swap the furniture from the living room to the dining room and vise versa but would have to use the quick doing polyurethane and move furniture back within a few hours (whole praying the cats stay away). Will the floor condition turn off buyers? Is it worth doing a quick coat even though it may not be perfect or could this make the problem worse? [link] [comments]  |
| Free Software for HOA management (MI) USA Posted: 06 Dec 2020 11:16 AM PST I just moved into a new Condo. I want to help the association update their digital communications - so residents can communicate - maybe vote - maybe submit and track maintenance requests. My HOA is scrappy, free solutions are preferred. Any ideas? [link] [comments]  |
| Posted: 06 Dec 2020 06:26 PM PST This is the third offer we've lost because they went with someone else, and we haven't been able to get any details on why they went with someone else. I understand how competitive the market is, but I've been keeping tabs on saved houses once they've sold and they're not going crazy over. All the offers we've put in have been over asking. Is it because we're FHA? How many times did you have to put offers in before finally nailing one? It's getting a bit discouraging [link] [comments]  |
| Closed on a house in October. Getting a divorce and now need to sell lol. Posted: 06 Dec 2020 06:05 AM PST I should sell before the divorce right? Should we tell potential buyers the reason for the short lived purchase? [link] [comments]  |
| CA Home Seller requesting rent back - Gotchas or loopholes i'm missing with Covid restrictions Posted: 06 Dec 2020 09:35 PM PST Hello all, My partner and I think we found a house in the bay area that we think may be good for our family. There is obvious dry rot on the house and it needs a new roof/gutters. These all seem reasonable with the price of the house and we think others may be dissuaded by the issues. As we're looking at putting an offer on the house, the owners have requested rent back. My partner and I are not in a huge hurry to move in (we live in a stable housing situation) except that we would want to be moved in by May/June next year. If we close in the house in January, I would feel comfortable doing rent back to the seller for 60-90 days and then we can get into the house to do repairs. If we are to offer rent back, I had a few questions:
Our real estate agent just let us know this evening about the rent back option for the sellers, so we've yet to discuss if this is truly worth our time or if it's just trying to get a few weeks of padding in finding their new home. [link] [comments]  |
| Polybutene pipes "with copper fitting" Posted: 06 Dec 2020 06:50 PM PST We are under contract for a house to purchase built in 1992. It has polybutene pipes. They have never had an issues and we just had inspector come in doing thermal scan and no moisture was detected. One of the plumbers we received a quote for said that because the pipes have "copper fittings" and it hasn't had a problem there is no need to replace the pipes. Is that true? I always thought this was ticking time bomb? Just trying to assess what the risk is and whether or not it's worth spending the money to get them all replaced. The plumber also says home insurance usually covers damages and home warranty can help cover repair. [link] [comments]  |
| Tax Bill on Mortgaged Property? Posted: 06 Dec 2020 02:11 PM PST I own two structures, one that I live in and have a mortgage with escrow of course and one that I own free and clear. When I looked up what I owe in taxes on the county's tax collector site, they show the full bill for both properties. Will the mortgaged property be paid by the lender who handles my escrow? I am pretty sure that is the way that worked but this is more of a sanity check than anything. Edit: this is actually showing two slightly different tax bills for only my mortgaged property and nothing for the one I own free and clear. Both are dated 1/6/21 though. Is this some kind of mistake? Also both bills and within 10 dollars of each other but they are different. [link] [comments]  |
| Have any states repealed the rebate ban in the last 20 years? Posted: 06 Dec 2020 10:55 AM PST We know that some states ban rebates and some not. Do you know of any state in which this was banned but repealed it (and now it is not banned)? [link] [comments]  |
| Posted: 06 Dec 2020 04:00 PM PST ya know cus property taxes people usually just pay as part of their mortgage and then the lender forwards that portion to the tax people [link] [comments]  |
| Want to buy empty lot and build garage apartment, what all should I be thinking of? Posted: 06 Dec 2020 03:48 PM PST I just moved to southern Maine have been living in an apartment for 5 months. Rent around here is $1200/month at minimum, and so it's led me to think about buying. I'm currently living in a garage apartment, about 1200 sq ft over a 2 car garage. Land here seems to be expensive, and the area is developing rapidly. The big catch is that I really only plan to be here for 3 years or so. My thought is that if I can buy a property and build a garage apartment, I could get all my money back, or even make money when I go to sell. To reference land values, There are 5 acre lots nearby for $85,000 (on the low end). I really have no clue what in talking about. So my questions are the following. - Does this sound reasonable? Any land with a good building on it seems to go for $200,000 easily around here. - How much does it cost to have water connected if I have town water, and how much is it if I don't have town water? - How much does it cost to get electricity to the building? - Am I reasonable to think that I could get all my money back out of this? (2 car garage w/ living space above) and would it be attractive in the market? - What are the costs of natural gas is available (just to get connected)? - What should I be considering when doing this? [link] [comments]  |
| Posted: 06 Dec 2020 05:09 PM PST Looking to get my license and a primary house soon but curious how long after being licensed I can represent myself. [link] [comments]  |
| [CA] Bought a home with a PPA solar system, but the seller didn't sign over their lease. Posted: 06 Dec 2020 09:57 AM PST First time home buyer. Back in September I closed escrow on a house where the previous owner had a PPA with a relatively large solar company that have door to door sales people. When I originally put in a offer on the house, the sellers realtor provided a copy of their leasing contract. After reading through, I was not very fond of the contract, but they had accepted my offer and I was willing to take it over if I had to. During my investigation period I had my realtor request multiple times for more information on the solar systems production and the average bill the seller receives. The seller or their realtor never once gave another piece of information on it. Flash forward to the end of escrow and I had still not seen or heard a word about the solar and there was no paperwork in the closing documents. At this point I'm under the assumption that the seller bought out the contract and they were going to take the panels. Weeks pass and I hear nothing, but the system is still producing power and I'm receiving credit with PGE. This past week, December now, I get a letter in the mail from the previous owner who is furious that the solar company is still charging her. The letter was also sent to her realtor and the title company. I contact my realtor who then contact the title company and the title company claims that they never knew about a solar system on the property and there is no lien from the solar company on the property. I dont want to sign more paperwork after I already own the property and I didn't like the PPA to begin with. Do I have the bargaining power to tell the solar company to take the system and repair my roof? Or do I now own the solar system because it was sold with the house? [link] [comments]  |
| Closing tomorrow, no closing time? Posted: 06 Dec 2020 06:26 AM PST Yes, we have followed up many times. Closing on a home in South Florida tomorrow and we still have no time from the title company... I had contractors lined up to come out for estimates and have lost a few because they "can't" wait around for last minute timeframe... I'm beginning to feel extremely agitated and frustrated as we need to move our family in ASAP after immediate fixes. 😑 [link] [comments]  |
| Soundproof Underlayments two family Posted: 06 Dec 2020 06:42 AM PST I am installing 3/4" hardwood oak floors. I am concerned with noise as this is a two family with each unit on different floors. I am trying to soundproof each unit as much as possible. I am trying to decide between quiet walk plus or floor muffler ultra seal. Floor muffler ultra seal has a higher STC rating but is only 2mm thick. Does anyone have experience with soundproofing underlayments and have recommendations? [link] [comments]  |
| Posted: 06 Dec 2020 02:03 PM PST Hi All - I was passed down some vacant land after a death in the family. 7 acres in CA - zoned commercial. We are in the middle of what was supposed to be an all cash transaction - but the buyer has requested seller financing for 40% of it. Return wise, obviously that's great, but we intended on an all cash transaction. Our priority is not making a return, but potential risks/headaches with carrying a note. How risky is this? Headaches with possible foreclosure? If we are in a senior position, can we be pushed down? We really do not want to take on any risks. [link] [comments]  |
| Sell or rent in Southern California Posted: 06 Dec 2020 01:39 PM PST So I am going on an international assignment for 2 years. I have a SFH in Southern California with $350k equity. I have to decide between renting the house for 2 years or selling it. With prices high and a sellers market I do like selling. What are the calculations that I should make to see what makes more sense. Keep the house and risk tenant issues. Or sell the house and risk putting all the money in the market? [link] [comments]  |
| Buying property from 3 family members who co-own a home.. Posted: 06 Dec 2020 08:48 PM PST The house my mother is currently living in has been through the probate process & she is now 1/3rd owner of the property, along with her 2 other family members. She wants to continue living in the house, the other 2 family members want to be bought out so they can receive their share. Unfortunately, my mother is not in an ideal financial position to secure a loan & although she has a semi-decent savings, she does not have the funds to buy both of them out. The house is worth about $240k - $280k. In order for her to keep living in the house & keep it in the family, I am considering buying the property from all of them. My mother would gift her share to me, I know Family Member A would be willing to negotiate her share amount & family member B would want their full share. This is one of the biggest reasons why I am considering it as I would be purchasing the home for about 60% (give or take) of the market price, the payments for the home would be funded by my mother since she would be living there (cost savings for her as the market area we live in is up there) & I would make the payments on her behalf. I've previously lived in the house with her so I'm fully aware of all the repairs and fixes it will need. Also, I generally do not trust Family Member B as he is a shady character. With all that said, I have no experience buying a home but I have done some research & know a little more than the basics. My question is.. how would I go about closing this? What type of transaction would be best given the circumstances (3 co-owners, 1 buyer)? What type of professional would be best for closing this deal? I've been reading up on deeds & it seems like a trust deed would be the way to go, maybe not... any advice is more than welcomed and much appreciated! [link] [comments]  |
| Best lender for a investment loan Posted: 06 Dec 2020 08:47 PM PST Looking for a recommendation for lender who do loans on investment property. [link] [comments]  |
| Checklist before buying a home Posted: 06 Dec 2020 08:26 PM PST Hey all, I've made quite a bit of money this year and while most of that is in stocks, I've decided I'd like to buy a home and possibly sublease a room or two. I have a few houses that I'm interested in. However this will be the first time that I'm actually buying a home, so I'm not too sure what to expect/not. Not to sound like an asshole, I also take with a grain of salt anything a realtor tells me. My question is being completely new to this are there any resources as to what is the norm and what isnt? What I need to make sure I do beforehand? And after? I'm 30 yo and have either rented or lived with family, so this is all a little new to me! I also live in FL if that helps. Thanks! [link] [comments]  |
| Posted: 06 Dec 2020 09:20 AM PST I've had my real estate licence for a year (got it when I turned 18) and was wondering what your thoughts are on part time work? Is it worth it? I'm in my 2nd year of a university and can dedicate (I think) 30ish hours a week to real estate. Is this a mistake? Any advice? Thank you and stay safe! [link] [comments]  |
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