Just had a 248k offer accepted on 259k list Real Estate |
- Just had a 248k offer accepted on 259k list
- Seller countered 20k higher than offer AFTER checking with our lender
- I think I fucked up
- Starter house versus starter condo (in Los Angeles)?
- Does it make sense to buy a 1b condo in Chicago that doesn't have much appreciation potential?
- Buying a house with pool
- Hello. My grandma wants to sign over some land she owns in Louisiana. I called the local parish office and they have no idea how to do it. Does any one have any suggestions on where to start?
- Real Estate too efficient of a market to find deals?
- Can the home seller send me a five figure payment from their sale proceeds?
- Just closed SFH for $15k under asking
- Thoughts on the bay area real estate market over the next decade or so?
- Insane Water Bill for Vacant Apartments
- Can I profit or will I suffer from discovery that my rural home is on a residential block zoned industrial? (SE Washington state)
- [DC suburbs] 600k house as a first time home buyer?
- Loud noises from highway into the house
- Starter home in this market or forever home
- Buying and selling condo during covid
- Buying and appt in Miami for family and airbnb
- Which is the best online school for the money in terms of real estate license courses for Texas? There are so many to choose from. Thanks.
- Craigslist Scammer Targeting Our Property Listings. How to best deal with this?
- Is it possible to buy just a portion of land from a listing? Do sellers ever agree to sell just a bit of the land?
- Showing Both Points and Lender Credits on Loan Estimate
- Christmas decor for listing pictures
- Question about buying a mobile home
| Just had a 248k offer accepted on 259k list Posted: 30 Nov 2020 04:24 PM PST Just won a bid 11k under contract price on a condo. Comps are 245-250k, pretty happy in this market [link] [comments]  |
| Seller countered 20k higher than offer AFTER checking with our lender Posted: 30 Nov 2020 03:05 PM PST We placed an offer on an overpriced FSBO. The seller called our lender to make sure we were good for the loan. We thought this was a good sign, even our lender said that this usually means the offer will be accepted, but we just received a counter offer 20k higher. Does this make any sense? Wouldn't you check with the lender after the price is agreed upon? [link] [comments]  |
| Posted: 30 Nov 2020 06:57 PM PST TLDR: no final walk through, seller didn't complete repair I closed this morning but per contract, seller has possession until 9pm (PST). My realtor called me and said the seller is out and hid the key under a rock, house is empty, and I'm free to go over and start moving. BUT the seller's ex is still there. The house has a new fence and gates weren't up yet but in the contract, it said gates needed to be up before 11/30. And they were. But then the ex took them down with the intention of re-hanging them. He plans to do it tomorrow but isn't sure if he'll be able to finish. He's left all his tools and supplies inside the home (garage) and will thus need access until the job is finished. Here's my big issue (unrelated to real estate): I'm buying this home alone. I'm a single late 20s female with a long history of sexual abuse while I was in the military. The idea of a strange man having access to my home and hanging around the property is TERRIFYING to me. I understand that my emotions are not this man's fault and he's likely a fine person. But fuck. Half reason I'm buying this place is so my dog has a backyard, so obviously I want the gates up. But this just doesn't seem fair. The contract said it had to be finished. I don't want to be unreasonable, so please share what a reasonable response to this would be. Thanks. [link] [comments]  |
| Starter house versus starter condo (in Los Angeles)? Posted: 30 Nov 2020 08:57 AM PST My partner and I are looking to either buy a 2BD condo in a nice location (in terms of safety, proximity to work, etc.) or a 2-3BD single family house further off as a starter home. We're both in our late 20s and expect to move again once we have our first child and they're about to go to school. I've been doing some research, including reading a post from earlier today suggesting that condos might not appreciate as much as a house because they're easier to build up, but I was wondering if anyone else had insights about that, or any other insights from their experience having a starter condo or starter house. I'm sure location of the home and whether we renovate before sale matters too, but I was wondering if there's anything specific to condos that might impact sale value in 5-10 years after purchase as compared to houses. Thanks! [link] [comments]  |
| Does it make sense to buy a 1b condo in Chicago that doesn't have much appreciation potential? Posted: 30 Nov 2020 06:36 PM PST This is a prime location and easy to rent. I'd be purchasing for myself though as I'm looking to live alone for a while. The price looks low given the covid situation downtown, but historically the building has not seen much appreciation compared to other neighborhoods. Does anyone have input in this? Thanks [link] [comments]  |
| Posted: 30 Nov 2020 12:11 PM PST We just put an offer in on a house that fits almost all of our requirements including having a pool. That wasn't something I was seriously thinking about before COVID but since pools have been closed I've really missed the exercise and time outdoors. The pool seems to be in good shape and we included an inspection contingency, so if anything is really wrong with it we could back out. After doing some more research, it looks like the additional costs for utilities, maintenance etc could max out our budget if they end up on the high end of the range. We're both steadily employed and WFH for the foreseeable future but spouse is worried that if one of us lost our jobs we wouldn't be able to live there comfortably and wants to keep saving so that we can have a higher down payment & lower monthly payment in a year or so, and thinks it's short sighted to make decisions based on COVID WFH fatigue. The market is very hot in our area (always but especially now) and I haven't seen many houses with pools in our price range. There are multiple offers on the house so might be a moot point, but curious to hear thoughts & if anyone else has experience with this? [link] [comments]  |
| Posted: 01 Dec 2020 01:21 AM PST |
| Real Estate too efficient of a market to find deals? Posted: 01 Dec 2020 12:20 AM PST For years, I have been perusing online and also the MLS through a realtor. Honestly have never found a "deal." Like if something is cheap, there is a clear reason why. Like poor condition or poor neighborhood, etc. Never have I found a quality house that was cheap. Also, people be saying Oh interest rates are low now, time to get in. But since everyone follows this, home prices now increase offsetting the benefit of low interest rates... On the other hand, if interest rates are higher, homes prices will be lower. It just seems everything balances itself out and there is no such thing as deals. Only thing I can think of low balling with cash offer, but then again you don't get the benefit of leverage. Not sure how much you can low ball with cash offer. Speaking in general for US housing. [link] [comments]  |
| Can the home seller send me a five figure payment from their sale proceeds? Posted: 30 Nov 2020 06:16 PM PST I'll summarize this as best I can. Our contract stipulated $25K to be paid out at closing to contractors for work done prior to closing. $12K worth of work will not be done before closing. It's too late to adjust the settlement documents, since they're due to be signed tomorrow by the seller. Can I receive the 12K payment to later pay the contractor after their work is completed? [link] [comments]  |
| Just closed SFH for $15k under asking Posted: 30 Nov 2020 11:15 PM PST Today I closed on a single-family home in the hot Seattle market. Just goes to show there are still deals to be had out there. [link] [comments]  |
| Thoughts on the bay area real estate market over the next decade or so? Posted: 30 Nov 2020 02:26 PM PST Im trying to decide what to do with a townhouse I Inherited in the southern bay area (close to San Jose). Its a 3 bedroom 3.5 bathroom townhouse. Purchased basically Jan 1s 2013 at 599K and sits at about 1.25-1.3 mm comfortably today. HOA is pretty low (300 a month with water/landscaping/and pretty good exterior insurance), and my taxes are locked in to the rate my father paid (1.1% of the 599K) Heres the issue, based on current market rates rents dont seem to be too great. Im getting about 4K a month for this house, close to 50 K a year. When I take out property tax, HOA fees, and insurance Im left with about 32,000 (About 2.5% in returns). this is fine if I get some kind of appreciation but given that I have to paint this place every now and then, I dont know what to think My concerns A) Tech companies are more aware they can move their labor outside of the bay area or at least remotely B) Taxes are expected to hike quite a bit in the next presidency which could throw some millionaire earners into 60-68% tax brackets C) Quality of life certainly is going down in the bay area I am debating selling this house and throwing it into a total market index. BUT the bay area always amazes people when the prices nearly double every 8 years or so. Do you think we will see further appreciation in value or some stagnation here? If you do see appreciation, will it be as aggressive? [link] [comments]  |
| Insane Water Bill for Vacant Apartments Posted: 30 Nov 2020 04:39 PM PST I'm completely lost here. I have a vacant 5 unit apartment complex with a large backyard and the water bill for the month of October is $1500 dollars. Our average bill is usually 150 to 250, just for the sprinklers. Its completely ridiculous, there's no one in there and I've checked the sprinkler system 3 times in Oct and there's hasn't been any signs of leaks. I complained to the water department, and they've sent a technician to look for leaks and no luck. I filed a dispute but it looks like I'm going to have to pay for it. Anybody ever had a similar issue? [link] [comments]  |
| Posted: 30 Nov 2020 04:10 PM PST I inherited a free and clear one story 3 bedroom home on .5 acres on the edge of a town of 400 in the middle of grain fields. It's 15 miles from a university city to the north and a larger city on a major river to the south. East and west is farm land. Farm land abuts the back of my property. A north south state highway is three blocks from me. The street I'm on is filled with homes on each side of the street. North of me and directly across is a volunteer fire station and town maintenance guys building Recently a family moved in to a beautiful home on one acre next to the town maintenance building. I noticed the huge side yard being destroyed by his large trucks and trailers being driven onto that side yard and stored there. He also cut down all the fir and deciduous trees. I inquired about it to the one person town hall clerk. I was told he was fine because his land was zoned industrial. I then learned my lot is zoned industrial also. In fact, my entire single family home block is zoned industrial. I run a home based online business. I am a widow and I need to make more money. I have been thinking about this discovery and if I can use it to my advantage. I got the few pages of zoning from the tiny website the town has. All things that can be done in residential can also be done in commercial and industrial but commercial allows for business and no set back .. industrial allows for any industrial uses not forbidden by law. Link to zoning: http://coltonwashington.us/ordinances.html Fast read those zoning docs! Does anybody have any warnings for me as I brain storm on how to use this zoning discovery to my advantage? I keep thinking that this could open doors to a lot of new ways to use my half acre to make money but I wonder if my naivete is going to get me into trouble somehow. Thanks in advance for any words. [link] [comments]  |
| [DC suburbs] 600k house as a first time home buyer? Posted: 30 Nov 2020 12:14 PM PST Just wondering what others thoughts are. We have a combined income of 240k in the field of engineering and cyber security. Take home pay after everything is 11.4k right now without bonus or this year's raise. We have a loan estimate for 2.2% interest at 5% down. Our estimated monthly payment with PMI and HOA will be 3200/month. Currently we are renting for 2500/month. Both cars are paid off, one with 33k miles on it. 15k in student debt through the government not private. 5k credit card debt. I don't like to project for the future, but husband was told his bonus next year will be 10k. He's expected to get a small raise this year but a bigger one next. I'm expecting a 3% raise or so. We are child free and aren't having kids. May foster in the very distant future. This price is the cheapest in a great neighborhood and waterfront. We think it's going to appraise high as it needs cosmetic work from being a long term rental. Is this crazy? [link] [comments]  |
| Loud noises from highway into the house Posted: 30 Nov 2020 11:11 PM PST I just closed and moved into my first townhouse which is adjacent to a highway. I think I made a rookie mistake of buying a property near a highway. When I had inspected the house, the noise didn't seem to penetrate the house(maybe I just didn't give enough time). After moving in, I realized the noise is considerable at night especially from the big trucks. The house has double glazed windows already and is in Seattle. Any suggestions on how to get rid of the noise or any recommendations of experts who can help me with finding a solution for this? [link] [comments]  |
| Starter home in this market or forever home Posted: 30 Nov 2020 10:59 PM PST Knowing the current hot real estate market in most place in USA & hearing all these talk of eventual bubble breaking.... someday in future, don't know when. Assuming with in next <7 year's Would you advice a DINK couple to buy a starter home now & wait until price correction to buy a bigger home. Pro: lower cost for bigger home, more supply to choose from. Con: if real estate drops, it will drop on the starter home & we are stuck with it. The rent or sell market might down too. Also if we successfully do have kids before market goes down we might outgrow the house really fast and have to upgrade in even worse (more expensive) market If we buy a bigger house now, it is expensive with limited options & we don't need that much space at this point but we can live there for 10-20 years without worry of outgrowing the house. What happens to the market will just be noise My goal is to have few real estate investment property (rental). So option 1 will let me add to my inventory as we upgrade house and put the previous one on rent. Option 2 separates my personal from investment property. If you are to buy a house now for personal use, what would you do to put yourself in best position to weather any real estate storm coming in next few years [link] [comments]  |
| Buying and selling condo during covid Posted: 30 Nov 2020 10:50 PM PST Im thinkin of selling my one bedroom in vancouver canada and upgrading to a two bedroom. You guys think its a good time?? Not sure what is expected over the next year with covid. Are prices gonna keep going up or is it gonna crash. One bedroom goin for $450-$550k right now. Two bedroom $550-$700k approx [link] [comments]  |
| Buying and appt in Miami for family and airbnb Posted: 30 Nov 2020 06:58 PM PST Hey real estate folks! First of all, I'm from Argentina. In my country I have a construction company, about 20 properties, and I manage them myself, with the help of my administrative staff. I've been in the process of conducting some business in the US, unrelated to real estate. But I'll be travelling more and more to Miami. And I also want my family to come with me when the kids are on school break. So I've been thinking of buying and appt in a touristy area in Miami, have it managed to be rented on Airbnb, and be able to use it myself when I travel, or when I vacation with my family. While I know the real estate business in my country, I know very little about it in the US or in Miami. So here are my questions, I realize they are a lot but I'll apreciate any answer to any of them: - Does this make good business sense? Will I be saving money as opposed to just renting an Airbnb myself when I need to? I'll be spending maybe 20 nights a year by myself in this place, and 20 more with my family of 4. Thanks in advance for any help! [link] [comments]  |
| Posted: 30 Nov 2020 11:05 AM PST |
| Craigslist Scammer Targeting Our Property Listings. How to best deal with this? Posted: 30 Nov 2020 06:07 PM PST Over the last few months, my business partner and I have put several property listings for sale onto the MLS and autofed the data to other property websites (Zillow, Realtor, Homes.com ..etc) . Almost each time, without fail, someone has copied all of the information and photos from our listings onto the local Craigslist, posing as the owner, and falsely advertised the property for lease for a very low rate. Like most markets, our area has a shortage of affordable housing rentals and this individual or group has been taking advantage of this situation by scamming people into sending him money as a "deposit". Beyond being totally immoral, this also seems illegal. Each time we've discovered the fake listings, we've flagged them on craiglist but we're at our wits end on how to stop this and prevent it from happening going forward. Has anyone else ever dealt with this? How can we put a stop to this? [link] [comments]  |
| Posted: 30 Nov 2020 03:54 PM PST I don't have enough income to get a big loan, but I could buy like an acre paying cash. What would be the best way to find that small of a space? Do sellers of big pieces of land ever agree to sell just a tiny bit of their land? Please help me, thanks :) [link] [comments]  |
| Showing Both Points and Lender Credits on Loan Estimate Posted: 30 Nov 2020 09:24 PM PST On Loan Estimate, it's showing 0.5% of Loan Amount(Points), roughly $1600 but also Lender Credits -$1600.00 My understanding is that you use Loan Amount to lower the rate and Lender Credits to reduce Closing cost but get higher rate. Is this normal? [link] [comments]  |
| Christmas decor for listing pictures Posted: 30 Nov 2020 11:31 AM PST My client's mother in law is debating me because I suggested that the Christmas tree be taken down for the photos. The tree is rather big and it makes their living room feel tighter as they had to move furniture around to accommodate the tree. I did also mention that she should declutter and keep Christmas decor minimal. The MIL says that they have sold houses plenty of times and have never had to take the tree down for photos so, my client shouldn't listen to me. I don't want to get off to a rocky start here as it seems the MIL has a lot of say in things but, I also want to make sure my client's home is marketed well. Thoughts? [link] [comments]  |
| Question about buying a mobile home Posted: 30 Nov 2020 09:10 PM PST So in a couple years I would like to buy my first home. Is it cheaper to buy a mobile home and buy land separately to put it on after picking the home out from a factory? Or just buy a home that's already on a lot ? What are the pros and cons of doing my first idea? It seems like mobile homes get a bad rep but honestly, some of them are very nice inside and if you had a lot you wanted to place it on, I don't see why you would wanna buy someone else's home on their lot. Thanks . [link] [comments]  |
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