A "Virtual Tour" DOES NOT mean putting your listing photos into a Slide Show with a Zoom Feature Real Estate |
- A "Virtual Tour" DOES NOT mean putting your listing photos into a Slide Show with a Zoom Feature
- No showings until after an offer is submitted?
- Closing on the house we built tomorrow
- Can't sell because there's nothing to buy.
- Is buying rental properties the secret to becoming rich?
- How long does an appraisal take?
- Realtors & Lenders
- Sex offender next door
- [First time home buyer] Is this far enough from freeway (500ft) - primarily regarding health factors (pregnancy)
- Sidewalks or no Sidewalks?
- Condo advice
- Seller rent back after closing advice needed
- Can I buy an old restaurant for residential space?
- Drunk Feels. Losing Your Dream Home to a Cash Offer
- Is it appropriate to ask full offer buyers to compete against each other?
- My parents are retired with barely any 401k or ss income with 130k mortgage left over
- Looking to purchase initial starter home in Somerset New Jersey first time buyer, please help!
- Purchasing a Tear Down
- Lender pushing us to sign a document showing Monthly Payments much higher than they should be.
- A Little Advice
- Trying to figure out a fair offer. Any advice?
- (First home buyer) To take builder's lender incentives or to look for a different lender?
- Anything in particular I should touch on in the offer letter?
| A "Virtual Tour" DOES NOT mean putting your listing photos into a Slide Show with a Zoom Feature Posted: 30 Jan 2021 05:42 PM PST So annoyed with all these homes advertising a "Virtual Tour" that is not a virtual tour, it's just the same listing photos put into a slideshow with a zoom in zoom out feature. Nope, afraid that is not a virtual tour of a home. By the way, I also hate when there are like 40 photos of the property and 3 of the inside of the home... [link] [comments]  |
| No showings until after an offer is submitted? Posted: 30 Jan 2021 10:32 AM PST My husband and I are in the early stages of looking for our first home after several years of renting. We've been casually browsing the websites (Zillow, Redfin, and Realtor) while we get our ducks in a row and this one house has been on the market for over a month (rare in our area). The exterior is a beautiful Craftsman style that isn't all that common in our radius, and priced relatively high (300K) but there are no pictures beyond the one exterior shot. The listing says that it might need work and that they won't even allow you to look at the home before submitting an offer. Just wondering how common that is in today's market. Seems like a pretty insane investment to buy a home that may need work sight unseen. [link] [comments]  |
| Closing on the house we built tomorrow Posted: 31 Jan 2021 04:27 AM PST I got a promotion right after the pandemic started and married right beforehand, so my husband and I decided to build a house. We sold my house and got a few months have been living in our temporary home. I'm excited to get settled, but as we move over through the next week, what advice do you have? Besides changing garage codes and door locks, what should we do immediately? [link] [comments]  |
| Can't sell because there's nothing to buy. Posted: 30 Jan 2021 03:06 PM PST It's an interesting problem. Anyone else having the same trouble? [link] [comments]  |
| Is buying rental properties the secret to becoming rich? Posted: 31 Jan 2021 02:37 AM PST I've been listening to a lot of Graham Stephan lately and just recently i found this other real estate youtuber called Meet Kevin. These guys keep talking about how much money they've made from buying rental properties. Is this really the hidden secret of how to get rich easily in America? [link] [comments]  |
| How long does an appraisal take? Posted: 31 Jan 2021 06:09 AM PST I paid for my appraisal on January 15th, still no results. Are there any reasons for this? I feel like I've had to stay on top of my mortgage broker and text him a bunch of times. [link] [comments]  |
| Posted: 31 Jan 2021 05:45 AM PST Can I leave my current realtor while still using her recommended lender? Context: I just started my home buying journey earlier this week. I was connected with an agent in my area and she connected me with her lender. When I started working with this realtor I was under the assumption that I would only be moving within an hour of my current home, but am now most likely moving 4-5 hours away (out of her work area). Is it okay for me to go with another agent in a new area while still using her recommended lender? I know they are in close contact and I don't want to make anything uncomfortable. Sorry if this is a silly question but this is my first time with all of this. [link] [comments]  |
| Posted: 30 Jan 2021 04:27 PM PST I'm trying to figure out if I'm making a big deal out of this, because different people I talk to have totally differing opinions. The facts:
At first I told myself this was a dealbreaker. But after talking to a few people, they tell me there are registered sex offenders everywhere, the guy is really old and probably harmless. Am I missing a great opportunity but letting this one dude take over my brain? [link] [comments]  |
| Posted: 30 Jan 2021 09:23 PM PST I am a first time home buyer and trying to make quick decisions related to buying a home. Came across a home which pretty much checks all that we are looking for. GMaps view: link Looking to start a family in this home (pregnancy, kids, etc.). And most articles I read online point towards child health issues. So, looking for advice from anyone who has gone through this thought before to learn more if I should be worried from a health perspective. Not much worried about noise level and resale value. Thanks for helping me to make a decision. [link] [comments]  |
| Posted: 30 Jan 2021 11:55 AM PST Most of the neighborhoods we are interested in do not have sidewalks. My wife and I both grew up with sidewalks so it's hard to imagine how children safely walk or play without them . Looking to hear your experiences living in a neighborhood without sidewalks. The only benefit I can see to not having sidewalks is that I don't need to shovel! [link] [comments]  |
| Posted: 30 Jan 2021 09:50 PM PST I'm looking to buy a 2/1 330k condo. The mortgage is equal to or less than what I am paying in rent for a 2/1 apartment (yes including the $270/mo HOA). Is there anything I'm overlooking by buying a condo? Such as if I want to use it as a rental some HOAs limit or prevent renting out units and only allow owner-occupied? I live in SoCal. Thanks in advance!!! [link] [comments]  |
| Seller rent back after closing advice needed Posted: 30 Jan 2021 06:03 PM PST We just closed on the house but we were so "generous" that we gave our sellers 25days rent free so they could move out in peace (they were buying their house with the money they got from the sell and they are also planning to do repairs in the new house). Of course now its bugging me because what if they cause damages to the house before they move out (at the end of the day its no longer theirs) or what if they overstay. We have to camp in airB&B until they leave. I feel that I own the house I cant even go to and while I am aware we agreed to it on the contract (sellers market, make your offer attractive to get the house..) it bugs me a lot now. I wanted to ask if this is a typical situation and maybe I am just overexaggerating and how to approach seller and when? I am hoping they dont need 25 days to move out and maybe will be out after 2 weeks. But I dont want to keep on calling them. Also not sure if it's a good idea for a buyer to approach seller directly? Our agent is suggesting to wait a week or two and then he said he would give them a call.Would appreciate any advise on that thanks. [link] [comments]  |
| Can I buy an old restaurant for residential space? Posted: 31 Jan 2021 12:58 AM PST I found a 50K restaurant for sale on Zillow. If I were to buy this could I legally turn it into a house and live in it? [link] [comments]  |
| Drunk Feels. Losing Your Dream Home to a Cash Offer Posted: 31 Jan 2021 12:35 AM PST Yesterday, the perfect house came on the market. Right within budget. The size we wanted. Yard. Location. Only on bathroom when we wanted at least 1.5 but you know? Perfection has flaws. We dropped everything to drive 8 hours to see it. We were told they were accepting offers til 4pm today. Buying from far away sucks. My husband is in his last military contract and moving has never gotten easier We got into town at 2 am. Got up at 6 to get to the only open showing left by the time we could get in touch with our realtor. Saw the house. Imagine raising our babies there. Pictured turning into old people there. Thought it though the best we could. Within two hours of seeing it, offered over 10% value. 3% due diligence. %5 earnest. All we had. Waited. They picked the cash offer for less than we offered. Less due diligence. Less earnest. I get it. I do. Guaranteed money over maybe money. Just. Give people a chance. We loved every bit of that $125k home. We would have kept out forever. Raised babies there. Treasured it. Things go so fast here. We just want to start a life. So many people just want to start a life. Please. Please don't just take the cash. Give the little guy a chance to love the home and keep it forever. Please. And then if they can't do it, take the cash. It will still be there. It will be fine. Let people buy a home and start a life. Please. [link] [comments]  |
| Is it appropriate to ask full offer buyers to compete against each other? Posted: 30 Jan 2021 05:01 PM PST We're selling our home and have received 3 offers on the first day. Since they're full price offers we're happy to make a decision come end of day Sunday. Besides each offer consisting of full price, one offer in particular is putting down 20% and waiving inspection. Our home is 5 years old and we have taken care of it extremely well. Our realtor suggests posting on our listing that we would like "best and final" offers by end of day Sunday. I'm just wondering if it looks like you're putting your buyers into an into and uncomfortable situation. Has anyone gone through this and do you think it may turn some buyers off? Would it turn you off? [link] [comments]  |
| My parents are retired with barely any 401k or ss income with 130k mortgage left over Posted: 30 Jan 2021 09:52 AM PST i would like to pay off their mortgage over time and take over the payments so they can live peacefully without the worry of it. but few questions... the question I have is , since I don't own the mortgage . can I use it as a tax deduction by paying it off? they would prefer to sell it to me at full market value of 350 and also stay there lol so keep the cake and eat it too.. but.. I don't have that kind of cash to pay 20% downpayment and monthly mortgage on top and frankly don't want to have a debt linger over my debt at that level. would love some thoughts on [link] [comments]  |
| Looking to purchase initial starter home in Somerset New Jersey first time buyer, please help! Posted: 31 Jan 2021 12:06 AM PST Looking to purchase Initial Starter Home in Somerset New Jersey First Time buyer, pretty dumb and don't really know anything about this but rent is to high and I should have enough saved by around August so I'm trying to begin the planning phase and looking for homes using the below as an avg. If it helps I'm making $54,000 a year, single, and wanting to live in Somerset because it's nearby work. Pretty new to company but I'm a developer and have a high ceiling for salary growth in the future. All the info I got below is from searching different websites on the web. Would appreciate it if you would kindly let me know if there is anything I'm missing or if there is anything wildly inaccurate that I would need to adjust. I've never had anyone teach me about this stuff and I'd much rather find a way to purchase a home then to pay rent in New Jersey because NJ rent is an outright travesty. Any advice or tips you can share is greatly appreciated. Again I'm just looking for good value in a home around that area, I do have a car but drove previously for a long time to get to work and it wasn't worth it. I don't mind maintenance and would like it to grow some value in 5-10 yrs since I heard this is how these things work. Initial Cost: Cost of home: $300,000 Down Payment: (20%)$60,000 ESCROW: $9,000(3%) --Total Initial Cost: $69,000 *************************************************************************************** 30 YEAR MORTGAGE ANNUAL PAYMENT: $15,480 *************************************************************************************** 30 YEAR MORTGAGE MONTHLY: Utilities Annual: $6,000 ANNUAL PROPERTY TAX: $7K --Monthly Cost: $1800 --Yearly Cost: $28,480 [link] [comments]  |
| Posted: 30 Jan 2021 06:01 PM PST A piece of land I'm interested in buying has a home on it that has been vacant for over 10 years and looks like it's a total tear down. The owner lives in Los Angeles and the home is in Idaho. I'm interested in purchasing the home and tearing the it down to build my own home. In 2016 the home owner was given 90 to make certain repairs or the city was going to condemn the house. He made those repairs but after several windstorms and snow storms, part of the roof has blown off and the detached garage is leaning to one side. Also, during the summer, the weeds can grow to over 4ft tall. The front porch is gone so there's about a 3 foot drop from the front door to the ground. The driveway isn't paved and there's no grass planted. As far as I know, the owner has not been back since 2016. The house it about 2 bedroom 1 bath 800sq ft and on a little over an acre. A home like this would usually go for $350,000+. I would need a mortgage. How would I go about purchasing a home that's in such disrepair and that I'm going to tear down. Can I get a mortgage on a home if the lender knows I'm going to tear the whole thing down? I'm really only interested in the land so I can build on it. When a home is a tear down, how would I figure up a fair purchase price? I've talked to two realtors that I know and both said they didn't want to get involved with it. What road blocks I would run into purchasing a total tear down? EDIT: City hall was able to give me the owners name and contact into, but I have not reached out to him yet. I want to make sure I know what I'm getting myself into before I contact him. [link] [comments]  |
| Lender pushing us to sign a document showing Monthly Payments much higher than they should be. Posted: 30 Jan 2021 07:22 PM PST We received a Loan Estimate document from our lender yesterday but when we reviewed it, it had a higher overall monthly payment then we had previously been told. When we told him he said "oh that's weird, I'll have the loan company review it and send a new one Monday becaude it shouldnt be that high". Then he told us that even when they send a new document we would still have to sign this old one, it cant be left unsigned and nothing is permanent until closing and the closing documents. Now, on a Saturday night at 9pm cst, 10pm his local time, we got another email and it's the same exact document with nothing changed and the old date. We reach out to him again and he says that we need to sign it and we should just sign it so we dont forget later and it can cause big problems. I don't see why we can't wait until Monday and this is honestly a little scary. How can I be sure we arent beibg pushed into a mortgage we cant afford? [link] [comments]  |
| Posted: 30 Jan 2021 10:56 PM PST If questions like this aren't allowed here let me know, please! Yesterday I took my Texas Real Estate Exam and passed national but failed the state portion, can anyone recommend a source or area to start learning more? Or any advice to an aspiring agent? [link] [comments]  |
| Trying to figure out a fair offer. Any advice? Posted: 30 Jan 2021 10:46 PM PST Hey y'all, I was wondering how I might come up with a fair offer for a home I want to buy and use as a primary residence. The home is listed at $21,900 and has a few minor repair issues my mom and I have been talking out. We know flooring is going to cost roughly $1880-$3000, and work on the unfinished basement may go up to $6,000. We know that there may also be minor repairs needed on the roof, siding, the ceiling of one room, the attic, and the stairs but those are dependent the snow clearing, and measuring certain things (because the cost either goes by linear foot, square foot, or another precise measurement). I really like what I've seen and the potential to make this home very comfortable, but I have a few questions:
Any advice is welcome, thanks! [link] [comments]  |
| (First home buyer) To take builder's lender incentives or to look for a different lender? Posted: 30 Jan 2021 09:55 PM PST First home buyer trying to decide if going with the builder's preferred lender is a better option when considering their incentives. The builder is Lennar and their lender is providing $10,000 off from their base price + lot premium, and $5,000 towards closing. I have had a mortgage lender that I was working with previously but she informed me that there is no way she can match Lennar's incentives. So she advised us to go with Lennar's lender instead (My realtor also recommended that if my previous mortgage lender could not match Lennar's incentive, he advised me to go with Lennar's preferred lender). With such incentives at the moment, would it be the best option for us to take the offer and go with Lennar's lender? I am asking because I have read horrible reviews about Lennar's lender and it is kind of shaking us a bit to decide. Thank you. [link] [comments]  |
| Anything in particular I should touch on in the offer letter? Posted: 30 Jan 2021 09:43 PM PST I am purchasing a home as a first time home buyer. The original owner was an eldery lady who passed of natural causes (in the home - disclosed) and the estate has decided to sell it. The agent has told me they would like to sell it to someone whos like them (grew up in the house) a family and not an investor. As a 27 year old first time home buyer who grew up in the area with his family what should I mention in my letter - I'm sorry for their loss? I plan to move in my and raise my family? Anything would be appreciated thanks! [link] [comments]  |
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