Are most realtors just bad at what they do? Real Estate |
- Are most realtors just bad at what they do?
- People who want to shop for a house but won't apply with a lender: Why are you this way?
- Offer #9 was the charm!
- Seller in coma. Yes, coma.
- Selling home after 14 months. Capital gains!!?
- Sorry for the dumb question, but how many times will the lender pull our credit if we don’t find a house in 3 months?
- How to Deal with Criticism?....(rant!)
- People of Reddit that sold your house in 2021, how many showings did you have?
- Mortgage payment
- New construction - need a realtor?
- Buying first home, question regarding appraisal
- Do people not care that much about lot size?
- Lots of wise people here - maybe someone can tell us about lumber prices and what to expect?
- We got lucky
- Leaving the tech industry to become a mortgage broker/loan officer. I want to help people accomplish their financial goals through real estate financing. What should I expect in my first two years? What are best practices? I'm located in Seattle. Any tips are appreciated, thanks!
- Another post about removing inspection contingency
- Not sure what I should do ...(Possibly Sell House)
- Friends & Family seller commission rate?
- Appeal notice of valuation, Denver
- How do you compensate your real estate agent if you don’t buy/sell a house?
- I am currently taking the California Real Estate Principles course. I have a question regarding the Non-disturbance Clause Lease.
- Withdrawing Offer?
- Lender delayed closing and won’t give me any info
- Should I let the Seller have a copy of the appraisal after closing?
| Are most realtors just bad at what they do? Posted: 06 May 2021 06:49 PM PDT I've hired a few different realtors over the years and aside from the most basic information and footwork on the front end they have all seemed to be very uneducated, bad instincts, bad advice on the entire process. Anything technical they refer to the brokers and even the easy information I find a simple Google search or forum question challenges their advise most of the time. It's like they just say whatever to get the commission and could really care less if your deal is good for you or not. Is this the norm or have I just had bad luck with realtors? [link] [comments]  |
| People who want to shop for a house but won't apply with a lender: Why are you this way? Posted: 06 May 2021 08:42 AM PDT I have about 5 people right now who are looking at houses, and refuse to fill out an application to see if they qualify. What is the motivation there? Is it an anxiety/worry thing about the outcome? Do you want the lender to follow up with you, or should I just take the hint? I don't understand. Edit: If the lender provided you an option to complete the application and upload the needed documents without pulling your credit, so that when you found a home to offer on, the credit was run then, would that motivate you to get everything else done? [link] [comments]  |
| Posted: 06 May 2021 05:07 PM PDT We just got our offer accepted, at list price with full contingencies in my pretty crazy market. Seller is elderly and didn't want to mess with a pile of offers, so first one that came in (ours) she took! Kind of exciting, the house seemed to be in very good condition, for being an old lady she was still very good about replacing/ maintaining things. Only problematic thing is she was a smoker, so there's still a smoky smell inside, but we plan on washing every wall/ painting before we move in to not risk my asthma too much. It was a long ride and hopefully the inspection comes back good, and god am I glad it's over for now at least lol [link] [comments]  |
| Posted: 06 May 2021 05:11 PM PDT As the title says.. My offer was accepted on 4/27 and the seller of the home was in a motorcycle accident last Friday that left him in a coma, which he is still currently in. First and foremost, I am hoping for a full recovery for both himself and his family's sake. That leaves me to ask y'all a question, what are the options here? My realtor is giving me a couple options, which include waiting to see what transpires, going to probate court or seeing if he has any power of attorney that has been identified. Unfortunately, the closing is at the end of the month and I am out of my rental two days after. It seems like all parties are on the same page, but I'm curious to hear if anybody else has had an experience of this nature.. it's early in the process, but obviously this is a pinch. His realtor posed the idea of us renting the location, as he is currently flipping the home, thus it is not currently homestead. However, no details of where that rent will go or how they will manage the property without him being around. [link] [comments]  |
| Selling home after 14 months. Capital gains!!? Posted: 06 May 2021 10:21 PM PDT My wife and I are selling our home after living in it a little over a year. We just opened escrow today and it will close with on June 9th, marking about 14 months of us owning the home. We stand to profit 168k from this sale. We plan to buy a home in the near near future with the proceeds we make from this home. My tax guy told me we wouldn't pay any capital gains taxes if we buy within 12 months. Is this true? Thanks for the advice! [link] [comments]  |
| Posted: 06 May 2021 07:33 PM PDT As the title says, we just started the home buying journey, talked with a lender (mortgage broker?? Unsure of the title) and was told we can get a preapproval but it's only going to be good for 3 months. In today's market we are not confident we can find something in that time frame, so I'm wondering what happens if we found a house in the fourth month? Would they need to pull our credit again then? Should I be worried about how that would affect our credit scores? Thank you for your time! [link] [comments]  |
| How to Deal with Criticism?....(rant!) Posted: 06 May 2021 08:00 PM PDT This is a follow up to previous posts. My fiancé and I had an offer accepted and everything has been going smoothly. Inspection had just maintenance related items that can be fixed down the line. The most frustrating part is dealing with some members of our families. They can't comprehend paying $350,000 for a 1,800 sft ranch home that is move in ready and we love everything about. Complaint #1: "You are over paying for a house BIG time and will lose your ass on it in the long run" Response #1: They don't understand that prices of homes have been going up for like the past 10 years or so. There are ups and downs along the way, but generally is an upward trend. I honestly don't believe the market will ever get back to the prices they paid unless there is a major depression again. Complaint #2: "just wait until next year, you are rushing and making a big mistake rushing into this purchase" Response #2: can't make anyone happy. At first they told me to wait until the summer...well it is May and we found the house we loved. We literally saw the base price of everything rise in the month we looked. Why would waiting a year drastically change prices? Complaint #3: "you are going to be strapped for cash and should just keep waiting and continue living at home with parents. Response #4: I strongly disagree. A HUGE reason why my fiancé and I overspend is because I am constantly going back and forth between houses and what not. She lives about 40 mins away and after dating for so many years you can't restrict yourself to only seeing each other a few times a week. We are basically married at this point. We both make more than enough income. It is not our fault that this same house you would of paid 150k 20 years ago. Complaint #4: you are not even married yet, how are you going to get an overpriced before you are married. Response #4: We tried to get married last year but everything was over priced because of COVID and there was also restrictions. So we decided to pursue getting a house instead and have a small wedding next spring. WHO CARES. Jesus. On top of it...the people who complained about this divorced and the other not married. Gah sorry for the rant. Just frustrating and wish they would not knit pick everything. [link] [comments]  |
| People of Reddit that sold your house in 2021, how many showings did you have? Posted: 06 May 2021 03:41 PM PDT |
| Posted: 07 May 2021 05:07 AM PDT Hi everyone! We (sellers) accepted an offer to close on May 31. Do we still need to make our monthly mortgage payment for June or will that be calculated as what we owe in the final loan amount (we still owe on our house) once everything and everyone is paid off? [link] [comments]  |
| New construction - need a realtor? Posted: 07 May 2021 04:52 AM PDT If i go through a realtor (basically all they have to do in this instance is sign their name), does it have any impact on the cost? I.e., Will the builder prefer that I not use one for any reason? Does it save money on the builders end? [link] [comments]  |
| Buying first home, question regarding appraisal Posted: 07 May 2021 04:23 AM PDT Putting down 20% (64k) but if appraisal comes back lower do I either pay the difference or lose my earnest money? I'm scared I'll need to come up with thousands more. TIA [link] [comments]  |
| Do people not care that much about lot size? Posted: 06 May 2021 01:37 PM PDT Mostly I hear people talking about home size and rarely consider lot size when discussing homes. Why is that? I've always thought bigger lot, higher price. But I see similar homes with similar prices but one lot size is 7000 and the other is 16000 and I'm scratching my head Edit: 16000 is in the corner of a dead end Street so it triangles out. No negatives right? [link] [comments]  |
| Lots of wise people here - maybe someone can tell us about lumber prices and what to expect? Posted: 06 May 2021 06:56 AM PDT I understand that right now everything in the real estate market is insane. Including lumber prices. With that being said, does anyone have any sort of idea as to how long lumber prices will be where they are? Can we expect to see those prices go down at all in the near future, or do people here think this may be the new norm? Any idea? Of course I know that responses are going to be speculating, but just looking for opinions. Thank you so much! [link] [comments]  |
| Posted: 06 May 2021 07:22 AM PDT Just wanted to post a success story for other home buyers out there looking for hope. I'm not going to name the market for security reasons but we are buying in an area that has a market similar to the rest of the country, barring SF and LA. Homes going under contract in days usually over listing price, cash offers, contingencies waived, etc. We were on our 4th offer. Previous 3 we offer up 25K over list (which is strong(ish) for this area) 5k escalation clause up to our over list offer, and up to a 20K appraisal gap in a couple of homes. We were always top two or three and usually lost out due to some factors out of our control. We are finally under contract but we just stopped playing games on this last one. We thought the house was a bit overpriced for market so we went in at list price, no waivers, no escalations, no appraisal guarantee and on a VA loan. My agent things the selling agent made a mistake in the timing of the listing and missed a lot of traffic. We got in just at the right time and were the only offer on the table. The day we go into contract we find out that other agents were trying to schedule showings. They were just a bit too late. Hopefully all works out from here. The only concern is if the house doesn't appraise but we're setting aside cash just in case. Buyers: Good hunting and keep trying! [link] [comments]  |
| Posted: 06 May 2021 07:20 PM PDT |
| Another post about removing inspection contingency Posted: 06 May 2021 01:54 PM PDT Sorry to be writing another post regarding an inspection contingency, but here it goes. The area I am looking in is highly competitive. A lot of cash offers, waiving contingencies, houses going over asking. I've lost out to 3, and preparing my offer for another. The house was built in 2014 so it's about 7 years old. Appears to be in remarkable condition to my untrained eye. My agent said nothing stood out to her. She said the foundation looked good. Her husband runs a foundation installation company so she has an eye for spotting issues with the foundation. Obviously things like the furnace and roof are only 7 years old, not to say they couldn't have issues. Overall it seems like the chances of something coming up in an inspection that would really sink me seem to be pretty slim, although someone can probably point me to several stories where it happened to someone buying a newer home. My plan was to waive the contingency, but still try and have an inspection done, and the worst case scenario that some horrific stuff comes up I lose my earnest money (planning on putting 15k down). I never thought I would even consider waiving it, but it seems like it might be the only way to even compete. Curious how foolish people consider this plan given the circumstances? Thanks! [link] [comments]  |
| Not sure what I should do ...(Possibly Sell House) Posted: 06 May 2021 07:11 PM PDT So i bought a house with my college money back in 2008, and I won't lie to you, it's old, it's a bit ugly, and it just most recently got nearly destroyed by the ice storm. Well I'm going to have to completely fix up the place, and while my property manager says I can rent it in the next year for probably $2000, I'm on the fence if I should sell or not. *Insurance is covering the damage, and I may even apply for a sba loan if I need to. The house would be completely gutted, it's in an OKAY area but has tons of promise ( Mesquite, Tx. Directly in front of an elementary school, corner house), it's also on a block with houses that are probably nicer than mine. (2800sqft 5/3/2) I was thinking of maybe selling for mid $300s, or even listing it higher and just seeing how much it sells for hoping I get lucky and take advantage of the market. Part of me knows I don't really need money, but am also pondering on the idea of buying some land with it. Maybe in Arizona, or near the gulf of Mexico in Texas. I'm also slightly on the side that this whole housing situation is a bit ridiculous and can't really be sustainable for long. I hope this is all understandable, I'm typing this in an Uber and I'm getting car sick. [link] [comments]  |
| Friends & Family seller commission rate? Posted: 06 May 2021 08:51 PM PDT I'm in the process of selling my house in Seattle. It's a mid-century modern ranch, in an up and coming neighbourhood just south of the city. I bought the place 10 years ago and did an extensive and professional remodel. Based on local comps I'm expecting it to go for north of seven figures. I have a friend locally who's an agent. I know he's been struggling as there's not much supply and it's tough to get a win on the buy-side given how competitive everything is. I'd love to have him list my house, but I can't get my head around 5%, which he's quoted as his 'friends and family' price. If the house fetches what we expect, that would mean I'm paying 65K in commissions. That's what I make in a year post tax, so it's a tough pill to swallow. My question here is, is 5% really a friends and family rate? I've said I'll go with him for 4.5% but he's holding fast. This seems unreasonable to me given the market is so hot that it's likely we'll have multiple offers as soon as we list. Do I just need to get over it, or should I shop around? [link] [comments]  |
| Appeal notice of valuation, Denver Posted: 06 May 2021 02:52 PM PDT I received a notice from the city (Jeff Co) that my property value has gone up 17% since last year and I just bought my house last year. Is this common to have this much increase in valuation? What are the chances that I appeal this and get a lower valuation? Granted, the value listed here is lower than the actual 'sale price' or comps in the area, but I thought it was typical of the tax purpose property valuation to be lower than the market price. I'm not sure how valuation for taxes works and this seems like a big increase, so I'm asking for help. [link] [comments]  |
| How do you compensate your real estate agent if you don’t buy/sell a house? Posted: 07 May 2021 12:23 AM PDT I've been looking for a couple of months and there's nothing I like in my price range. Everything that I do like goes for at least $100k, sometimes even $200k. Right now I want to call it quits because the bidding wars are just too insane. How do I compensate my real estate agent for his time? I feel bad because he's put in a couple weeks work, but there's just no house that has been a match. [link] [comments]  |
| Posted: 06 May 2021 08:25 PM PDT Apparently the tenants are protected from eviction under the act of a foreclosure. I am most likely misinterpreting something but how would they continue to pay rent? Rent money usually goes towards the owners of the property to pay expenses on the house, So where would their rent money go if they are immune to a foreclosure act? Would they just continue to pay rent under the new owner that buys the property? [link] [comments]  |
| Posted: 06 May 2021 03:01 PM PDT Hi my wife and I made an offer on a house that was accepted and put a $1K deposit. We are now questioning whether this place is the right move. We waived up to $5K in inspection costs, but we are worried that even though we havent put down our earnest money deposit in the escrow account, we will be expected to pay it if we back out. What will happen if we contact our agent and tell them we want to back out? Will we lose just the $1K or the full 5% earnest money deposit? Any help would be appreciated! [link] [comments]  |
| Lender delayed closing and won’t give me any info Posted: 06 May 2021 05:34 PM PDT Hi all, I'm in the process of buying an investment property and I've been under contract for a month and a half. I had a closing date set for April 23 and the lender I'm dealing with told me I had conditional approval and kept telling me everything was ready for the closing date. On April 20, they were supposed to send me the closing disclosure, instead they asked for another paystub. No big deal, so I sent it to them. Then they told me they will have to do a secondary review and it will delay my closing by a couple days. It's now been over two weeks. I've called them almost every day and they keep telling me I'll get updates soon, sometimes they even tell me I'll get an update within a couple of hours. They've told my realtor the same thing, they even told him that today. But, when I called them today they told me they have no updates, they have no ETA, and they won't tell me what is being reviewed or why it's being held up. Is there anything I can do? The sellers agent is getting fed up because we can't provide any answers and I feel like they will cancel the contract. [link] [comments]  |
| Should I let the Seller have a copy of the appraisal after closing? Posted: 06 May 2021 07:35 PM PDT Title pretty much says it all. Buying a house in Oregon and the close date is coming up. My realtor just messaged me and said the Seller is requesting to see the appraisal after we close. I don't think there is any harm that can come from this, Seller is probably just curious. My wife on the other hand is apprehensive and doesn't want to share it. I couldn't care either way so I wanted to ask here is there might be anything good or bad that could come from sharing the appraisal. [link] [comments]  |
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