Door knocking is not ok especially without masks on. Real Estate |
- Door knocking is not ok especially without masks on.
- Walk away from home needing siding?
- [Question for discussion] For those trying to buy a house in this market -- why are you trying to buy right now, rather than waiting until covid is over and supply returns back to something closer to normal?
- Got the House, now we have to tell our landlord we’re leaving
- Is there any hope to buy in LA right now?
- Seller wants us to be "gentle" with inspections
- Selling a house in the US - who does what?
- Incredible deal but no certificate of occupancy, how risky is it?
- Seller breaches contract - need advice
- Is buying a home a stupid idea if you’re going to relocate in two years?
- Agent rescinded approval because we had a disagreement. Any recourse?
- Boxable
- [AL] Feeling nervous putting in offers
- Buyer has a "No Contingency Appraisal" Term in the Contract - Earnest Deposit Risk?
- Im going through school online for my license and im not sure on this sub is where to ask. Im using RealestateU and the first section principals of realestate 1 im not sure what to study for the upcoming test, the definitions, the summary of each chapter, all of it?
- Low PMI?
- What are the best up-and-coming neighborhoods around Los Angeles?
- [VT] Buying first house, in Vermont. Looking to build a 3-4 car metal garage/workshop. Need help on zoning/tax/etc
- MLS listings withdrawn/cancelled
- How to Become a Mortgage Loan Processor
- Stupid question incoming: why are condos so much more expensive than a house on a sq ft basis. Using buffalo,ny as an example.
- Questions regarding buying property in the USA as an illegal immigrant
- where would you invest for cash flow with a large amount of sums?
- Can I qualify for a mortgage with a w-2 job that I've only had for one year? I have no debt, 20% ready as a down payment, and good credit.
| Door knocking is not ok especially without masks on. Posted: 09 Feb 2021 11:05 AM PST I have been in real estate for a while doing it as a side job for my investment property's. I live in a very desirable neighborhood with not 1 house on the market. In the past 3 months I am getting these young gun agents door knocking at 8-9am on Saturday mornings trying to find sellers with their clients in tow. I had enough on Saturday when I had a agent knock on my door at 830am with his clients. No masks on and no respecting my space when I opened the door. Now my wife is a er nurse sacrificing her health and time to this pandemic. I ended up cursing the whole group out on not having masks and being disrespectful for door knocking at 8am and going door to door with no mask on in a covid hotspot. I felt like a Karen for doing it but I had enough. Who in their right mind thinks this shit is ok. I get the market is hot and inventory is dry but for fucks sake you aren't gonna find a seller at 8am on a Saturday with no mask on in a pandemic. Also called this guys broker and threatened to report him to the local news. Since I had him on my ring camera. Ended up with a $500 gc for a really nice local french restaurant and apology letter in my mailbox the next day. Sorry for my rant but I feel some people need to see this as this is not ok in a pandemic or before 10am [link] [comments]  |
| Walk away from home needing siding? Posted: 10 Feb 2021 04:39 AM PST So we love the house we're in the process of buying, but it needs about $2,000 in repairs which we offered to take care of. In the inspection, nothing new was really found, except for the house needing new siding. It's 1800 sq ft, with wood around 3 sides and over the garage. The rest is brick and fine. We have the cash to cover if the sellers decline, but are there typically more costs than meets the eye with this type of project? [link] [comments]  |
| Posted: 09 Feb 2021 01:55 PM PST Disclaimer: I'm asking this question purely to generate a discussion as to what is motivating current buyers. I am not a current buyer, or a current seller, instead I'm a person with a background in economics, demographics, and zoning, so I'm asking out of curiosity. If you are trying to buy right now, is it because you have a newborn on the way and need space? Trying to move to a better school district for kids? Feel like you will be "left behind" by the housing market if you don't get in ASAP? Trying to get out of a city and into suburbs due to covid or protests or something like that? Moving for work? I might eventually try to pose this in the form of an actual survey on one of the subreddits, just wanted to get a sense of what people are being motivated by right now. As I see more and more posts or news stories about the drastic lack of supply -- I can't help but wonder "why not just wait a year to look?". But my POV might be biased since I'm not looking to buy and I don't actually know anybody first hand that is trying to buy right now so I'm posing that question here. Thanks! [link] [comments]  |
| Got the House, now we have to tell our landlord we’re leaving Posted: 09 Feb 2021 10:56 PM PST Hi! So I'm in kind of a weird situation. I've rented my current house in the city for the past year and a half. My original lease was July 2019- Dec 2020. Come Dec my landlord emailed me and asked what my plans were& that he'd write up a new lease for me to sign. I emailed back saying that I was pretty sure i would stay for another year (dec 2021). After that I hadn't heard from him at all and never signed anything- so basically I've been living in this house with no lease all of Jan & feb. I still have automatic payments go to him through Zillow. Well recently a couple things came up in my life that we started looking at buying right outside of the city. I found the perfect house, good price. Saw it the day after it listed- that night it already had 3 offers. We ended up putting in an offer at 5k above asking price w/ no contingencies & got it. Now comes the awkward part of telling my landlord. I don't want to say anything until after the inspection/ appraisal because what if things fall through? I was going to tell him no matter when I leave (closing date is projected 3/12) that I will pay rent through until May 1. Am I a horrible person for doing this?? Or is he an idiot for never having me resign a lease?? I just need some advice here on what to say cause it's eating away at me knowing I haven't told him yet- but like I said I want to wait until everything's set in stone & I know I'm moving. [link] [comments]  |
| Is there any hope to buy in LA right now? Posted: 09 Feb 2021 05:26 PM PST I just got beat out on a 2bed/2ba on a 4700 sqft lot in Inglewood. It went for 100k over asking! Comps supported the asking price. I'm supposedly in the top 3% of earners in the US and can't afford a house right now. Is there any hope or is it just going to keep going this way? [link] [comments]  |
| Seller wants us to be "gentle" with inspections Posted: 09 Feb 2021 09:28 AM PST We recently put in an offer for $550,000 on a house that has been on the market for a while and was priced at $580,000. The house used to be a rental, so they don't have a seller's disclosure, which was the first red flag, but we liked the place enough and found out that the roof was newer. The sellers came back with a counter at $565,000 but want us to be "gentle" with the inspections. Some things need to be fixed around the house but shouldn't cost much, and from what we can tell, they are purely cosmetic. How "gentle" should we as the buyer be? We feel that we shouldn't be gentle at all but at the same time, we wonder if we should even move forward with inspections if they know something is wrong but won't tell us. Is this a common practice? [link] [comments]  |
| Selling a house in the US - who does what? Posted: 09 Feb 2021 05:54 PM PST Hello, I am the seller of a house and I hired an agent/ real estate company to manage the sale. This weekend, we received an offer and I have accepted and executed the contract. QUESTIONS: 1-Who is in charge of providing all documents to the tittle agency? I sold houses before and never had to be involved in pulling HOA's docs, pay off amounts, filling out forms etc 2-They are also asking me to upload a "rent roll document " what is under God's Green Hearth a Rent Roll? I called my agent, she pushed back and told me to deal with them directly and to ask them... I am also abroad traveling extensively and for the most part, I do not have the time/documents handy. 3- She added to the contract that it is standard for sellers to pay one year of home warranty to the buyers?! About $1,000., since when? Can you feel my frustration? The house was on the market for 7 days, she did one open house (Dallas area). I am paying all normal prices of closings, 6% commissions etc. Which I have no problem paying, she is working but then I pounder... What am I missing? Thank you for your help. [link] [comments]  |
| Incredible deal but no certificate of occupancy, how risky is it? Posted: 10 Feb 2021 12:25 AM PST A 1.7 house eventually dropped to 1.3 because the seller "can't find" the certificate of occupancy. I'm a cash buyer, 1.3 is the most I can afford and this is like a dream house. I've toured 35 houses nothing comes remotely close to this. She built it in the 80s and have lived there since then. I called the city and asked if there's a chance they could force me to demolish or vacate the house and the guy on the phone was like why would we do that. He said worse case scenario my neighbors complain and the city inspectors show up. He made it sound like it's a non-issue and said it shows that she pulled dozens of permits. I'm sure lack of CO would dramatically hurt resale value. I love this house and want to find a way to make it work. Is it too risky? What are realistic worst case scenarios? I've read that insurance might avoid paying a claim and also if I decide to rent it out I wouldn't be able to legally collect rent ( not planning to rent it out ). Would it be a nightmare to get the certificate after I close? At this 1.3 price the house is really hot I dont want to be too difficult and lose the house. [link] [comments]  |
| Seller breaches contract - need advice Posted: 09 Feb 2021 06:09 PM PST Hello everyone, my wife and I are looking to purchase our first home and have ran into a bit of a roadblock. A few weeks ago, we put an offer in on a house and it was accepted by the seller. The contract was signed and we had the home inspection, radon test and appraisal. Everything seemed to be moving along smoothly and we were expected to close at the end of this month. The seller lives out of state and he currently rents the house, which didn't really cause any concern for us. We found out tonight that the tenants lease actually ends in August and the seller and his tenant had a "verbal agreement" that he would move out in February. Now, the tenant decided he is going to stay there until August. Essentially, the seller has two legally binding contracts now. During the initial walkthrough and inspection, it was evident someone lived there, but there was no furniture in the house except for an air mattress, tv and some clothing. We honestly didn't give it much thought and feel a bit blindsided. I'm looking for any feedback or advice anyone can provide us. Thank you! [link] [comments]  |
| Is buying a home a stupid idea if you’re going to relocate in two years? Posted: 09 Feb 2021 08:11 PM PST Is two years enough time to recoup a return on your investment in an average real estate market? Am I throwing money away by paying rent every month instead of buying. I apologize but I'm uninformed on the whole real estate business. [link] [comments]  |
| Agent rescinded approval because we had a disagreement. Any recourse? Posted: 09 Feb 2021 03:31 PM PST I applied for a no-fee 1 BR apartment last week in Brooklyn. I saw the place in January, and it was still vacant and has been on the market for 120 days. One agent showed me the place (and two others), and another agent in the office coordinated emails. I sent in application materials on Friday, and the agent I'd not met (but corresponded with previously via email and text) said she'd received my application that night. The next day at 10:30 p.m., she emailed to say I was approved, and said she'd send along details about lease signing the following day. Those materials never came, and Monday at 10 a.m. she sent me a text message saying they were concerned because I hadn't replied to the last two messages. This agent had been passive-aggressive before via text, sending me a "??" when I didn't reply to a message within 5 minutes. Anyway, I did not like being accused of being non-responsive, and replied to the email thread to say I was excited to sign, but did not appreciate the texts. If there were action items for me, I'd reply, and if she needed a response within 24 hours, to say so, as it's not a failure to communicate on my end if that hasn't been disclosed. I used no vulgarity, but made clear I didn't like the accusation. She sent an angry reply, but included a screenshot of the email detailing when/where to sign lease. I checked my spam filter, and her email from Sunday had gotten caught. I emailed back to apologize, and sent a screenshot of the email stuck in spam, saying this was the cause of miscommunication. A few hours later, she rescinded the offer and now won't pick up my calls. I live close to the unit, and went to speak with the super to see if he might talk to her, or to the landlord. I apologized before and after the offer was rescinded, but am still interested in this apartment. The broker gave no reason for rescinding, and I know it's not my credit, income or rental history. Now it just seems petty. Do I have any recourse, or is this agent just able to shut me out without having to give a reason? [link] [comments]  |
| Posted: 09 Feb 2021 10:58 PM PST So I am been reading and toying with the idea of getting some rental property and I think might be all ready pushing it won't work but, I have found these ready to ship pre-made houses called boxable. My idea was to buy some land and set up rows of them and to rent them out to students at the local collage. I was not sure if this would count as multi family homes since they are on the same property. https://www.boxabl.com/ [link] [comments]  |
| [AL] Feeling nervous putting in offers Posted: 09 Feb 2021 07:04 PM PST Is it normal to feel extremely nervous putting in offers? Houses in our area are typically going for 5-20k higher than listing price, so we're trying to offer that much and it just feels so uneasy. It's like should we really pay that much? Are we over paying? Is it a good enough house? The one we're debating putting an offer on tomorrow is on a decent slope of land (back yard is decently flat for most of it, but starts to slope off at the end, front yard is sloped the entire way). Do we want to mess with moving furniture up stairs/ a hill? The house is unique, in our price range, and seems very well taken care of. So what is making me hesitant? I couldn't find much besides the slope that made me uneasy... Am I just freaking out for no reason? First time homebuyer if it wasn't obvious. How normal is this feeling? [link] [comments]  |
| Buyer has a "No Contingency Appraisal" Term in the Contract - Earnest Deposit Risk? Posted: 09 Feb 2021 06:57 PM PST My realtor ensures me that this means the seller will not lower the price based on the appraisal. The internet ensures me "No appraisal contingency" means I cannot back out if the appraisal comes in lower than the selling price and I might lose my deposit. Who is right? My realtor is telling me there are many reasons and opportunities to back out and get my deposit back. I believe her BUT the main reason I would be backing out is because I don't have the money up front to cover the appraisal gap. And the contract clearly states "No appraisal contingency" Thanks in advance. [link] [comments]  |
| Posted: 09 Feb 2021 10:39 PM PST I wish I knew whats going to be on there so I dont study things that wont be. Maybe ill have to take to see. Any advice out there for a poor guy just trying to succeed in the real estate game? [link] [comments]  |
| Posted: 09 Feb 2021 06:38 PM PST I'm putting ~14% down (100k) on a property with purchase price of 700k. My mortgage broker told me that the PMI would be around 80/month. I think this is quite low compared to some of the PMI calculator that I've used online. Is this reasonable or is my broker not punching in the correct number? One of the reasons that I'm not sure about this broker is that he said the PMI would only go away after 5 years. Is that a thing with certain lenders because my understanding is that it should be cancellable after I've reached 20-22% equity? Other information
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| What are the best up-and-coming neighborhoods around Los Angeles? Posted: 09 Feb 2021 04:22 PM PST By that I mean a neighborhood that's seeing an increase in household income, increase in business investment, decrease in crime, and improving amenities -- like new nice gyms, parks, senior centers, Trader Joe's, etc. My goal is to buy a house in an ok neighborhood that's going to turn into a great neighborhood 5 years from now. I'm buying this house for my parents so things like school or night life doesn't matter. It should be safe and quiet though (a city where hopefully you can walk around your own block and feel safe). Not looking to flip. Willing to consider OC as well. Not interested in IE or anywhere that's too hot. If you don't know the area well, I'd love to hear your ideas on how you would generally find out which neighborhoods are improving. What data/tools do you use? I hear Long Beach mentioned a lot. There were some rumors of a San Pedro renaissance but the projects seem stalled. Oxnard seems hot right. I'm curious about Santa Ana (can't tell if that city is getting safer or less safe). What are your favorites? [link] [comments]  |
| Posted: 09 Feb 2021 06:33 PM PST My partner and I (both 39y/o) are planning to close on a house before May. I require a 2(+) car garage with power and concrete foundation. This is very limiting factor in our search so I feel it's worth looking into building/zoning/tax costs. If we ignore the structure itself, should I expect much issue with regard to zoning on residential land that I will own? Let's assume this is not right on a street and is far enough back and hidden that neighbors don't have recourse. [link] [comments]  |
| MLS listings withdrawn/cancelled Posted: 09 Feb 2021 10:16 PM PST Hi! I stumbled upon a listing tonight I absolutely LOVE of a cute home on some land. (I'm in the US) I drove by and fell in love. The listing is active on Zillow, but does not appear on other sites as active. Its official Paragon listing I found lists it now as "Withdrawn - Cancelled" Can someone give me insight into what this might mean so I don't drive myself crazy before I'm finally able to get ahold of a realtor in the morning? It's brand new construction and only been on the market 2-3 days tops. Is this a designation someone might use if an offer has been accepted on a new construction home, or is something else going on? (I.e., do I still have a chance or no?) [link] [comments]  |
| How to Become a Mortgage Loan Processor Posted: 09 Feb 2021 01:52 PM PST I have come to the conclusion that I would like to get into the mortgage industry, specifically processing. The pay seems great and I am not afraid of long hours (currently work in operations for a major investment bank). The issue I keep running into is experience. All entry-level positions require a minimum of one year processing experience. I have a bachelor's degree in finance with a minor in economics and am currently going back to school part-time for my master's in real estate from a top 30 university. I have even gone as far as to have my resume professionally written. It is rather insulting applying to banks who speak about how much they support veterans and being a veteran myself not hearing anything back. I am wondering if there is anything I can do to break through the glass ceiling? I apply for 20+ jobs every day with nothing but generic responses. I have been told by three people I messaged on Linkedin that it is a market issue and that if I had been looking two years ago with my qualifications I would be hired instantly. Is there anything I can do? Classes, training, anything at all that could help me get my foot in the door? Any help is appreciated. [link] [comments]  |
| Posted: 09 Feb 2021 05:34 PM PST My thought process says location, ameneties, maintenance free almost. A place with less than 1000sq ft seems to be roughly triple the cost of similar sq ft for a house. Curious the appeal from a value standpoint [link] [comments]  |
| Questions regarding buying property in the USA as an illegal immigrant Posted: 09 Feb 2021 08:46 PM PST First, is it possible? If so, how can someone who is not a legal citizen, purchase property with their ITIN ? And is there a risk of them getting spotted whereas they could be deported once they purchase? [link] [comments]  |
| where would you invest for cash flow with a large amount of sums? Posted: 09 Feb 2021 04:25 PM PST looking to invest in a duplex 1 or 2 of them with 25% down and 5k in reserves with each property with a min cocr of 10%, where would you go to invest for this? taking in 8% PM, 5%,5%5%, capex,repairs and Vacancy [link] [comments]  |
| Posted: 09 Feb 2021 08:04 PM PST |
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