What Not to Do Real Estate |
- What Not to Do
- Last night in my home of 17 years. Mixed feelings,but mainly satisfied.
- All the talk about how much the market sucks, etc.. I closed this week! But let's not talk about that. Let's talk about my insane, scummy Landlord.
- A breakdown of who's buying real estate in Austin, TX (part 2)
- Should we try to sell our beach condo on our own?
- That was not the experience I wanted to give our buyers.
- Anyone willing to share their multi-family deal? 7-10 unit range give or take.
- Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022
- I almost bought a house today
- Finally under contract!
- This is what COVID has forced me to do in my Building
- Missing closing date by one day
- Is this appraiser playing games?
- Can a seller get out of a home sale contract after P&S signed?
- Sacrificing personal home for future investments. Anyone else?
- Extended closing what else can go wrong?
- What would you do if you were the seller?
- Sellers putting up survey stakes not according to survey a month after moving in
- Inspectors couldn't access the crawlspace [NM]
- Property Line and Fence Issues
- What has your experience been with appraisals in today’s market? High? Low? What happened?
- Austin Real Estate Community r/AustinHomes
- Paying agent out of pocket on FSBO
- My renter is using house as an AIRBNB.
| Posted: 27 May 2021 06:29 PM PDT Just wanted to share a story of what NOT to do when buying a home. I'm a mortgage broker. Two weeks ago I had a client decide to switch lenders despite their closing being within 15 days. Big bank lender, who at least had the honest courtesy of telling them upfront that they'd need at least 30 days to close their loan. Due to rate fluctuations they were about 5 bucks a month cheaper than where I'd locked them. I tried to warn them of the consequences of missing a closing date in this market, but they were dead certain that the seller would extend because they "had no other choice". Except this is one of the most ridiculous hot sellers markets, so they did in fact have several other choices, including a backup offer all cash. Today (the day before their scheduled closing date on the contract) I get a frantic call from the buyers asking if I can still close their loan tomorrow because the sellers were refusing to extend. Smells Cargo is telling them they need at least til the 18th of June. Unfortunately I'm not a miracle worker and can't close a loan in 24 hours for buyers that withdrew their application with me two weeks ago. Seller is demanding the 7k earnest money, buyers are trying everything they can think of to wiggle out with it. So moral of the story: don't agree to things in a freaking contract if you don't plan to actually honor them. And don't be surprised when the contract is actually enforced. Oh and don't be surprised when the lender that openly admits they're slow is actually slow. [link] [comments]  |
| Last night in my home of 17 years. Mixed feelings,but mainly satisfied. Posted: 27 May 2021 07:18 PM PDT 17 years ago I bought my home. Through major recessions and storms and sunny hot days, and thousands of yard mowings and birthday parties and late sleepless nights, it's been "home". I never dreamed when I bought it 17 years ago, that I'd be here this long. When I bought it, my wife and I were each 27, and we had one 3 year old little girl. We've added another girl through the years, and a couple of dogs for them to love and play with in this backyard. Grandmothers have visited here, and one great grandmother. I've watched the Alabama Crimson Tide win 6 national titles in this little house, because the darn tickets to go to the games cost too much. Your home is the best seat in the house anyway. And now, the best seat to watch football, to have birthday parties, for grandmothers to visit, for the lawn to be cut, is 200 miles south, with a beach within eyesight. For everyone buying a home right now, get ready to work. But get ready to live, and enjoy it. Every day won't be sunny, but they will be spent at home. For those still searching, it will come soon. For those leaving a home, like my family is, hand it to someone, and leave them with the impression that lives were lived there. Wish them well, change the HVAC filters every 30 days, and live. Just live. [link] [comments]  |
| Posted: 27 May 2021 12:24 PM PDT I rent a 1500 sqft townhome in Utah from a landlord who I've had very little interaction with. Confirmed he does own the property. I've met him. He's a rich dude who lives the next city over. He's really young. I'm 31 and got the feeling he was at least half a decade behind me. He mentioned that I would be his first real tenant, as he inherited the property from his late father, who was the previous landlord. It just cleared probate and he took possession. I signed a 13 month lease, and about 8 months ago started the process of having a new home built. I moved here from Tennessee due to a job opportunity. The landlord was pretty ecstatic when I signed with him over a year ago. We talked on the phone, he liked my references, credit score, income, and felt I was more than capable of paying rent. The rent was $1600 / month. He tried to get me to sign a 2-year lease at $1450 / month, or a 3 year least at $1300 / month. I held strong in knowing I wanted to be out of renting and went with the more expensive one year, since the laws don't favor lease-breaking with landlords here to my knowledge. I paid first / last month, and a deposit of 1.5 months rent (the 0.5 months for my dog). This totaled out to being about $5600 to move in. He told me "it'd be nice because my last month is already paid". Yeah okay. I didn't really have a problem with this normal arrangement (until later). Time moves forward. I bought a house (well, entered a contract to have one constructed) in a nearby neighborhood. Brand new neighborhood, convenient location. I gave my 60-day notice as per my lease, and he was pretty annoyed about having to find new tenants. So he asked me to "show the house" to tenants / walk them around. I'm an idiot and did this. I mean, I also kind of did it because I didn't want people stealing my stuff, and none of these prospective tenants had any realtors to walk them through, or the LL. It caused for some weird situations such as the flirty Walmart Cashier I see every few days touring my house with her husband (this is a small city between SLC and Evanston, WY, the last that has a Walmart before WY I think). He ended up finding a tenant after about a month. It wasn't insanely trafficked or anything. Inconvenient that he seemingly dragged his feet and wanted me to be his agent. The new tenant was a family, and nobody in the family spoke English, except the young (child) daughter. So when they walked the house I was mostly talking to her, and she was translating for them. Fast forward to my last month. He calls me about rent. I tell him "I already paid you the last months rent". He then proceeds to tell me that "it doesn't really work that way", and that I need to pay him the full month's rent, and he will refund it to me at the end of my lease. We argued back and forth, and he eventually said "he'd hate to have to report this to a credit bureau when I'm closing on a house soon." I ended up just writing him the damned check. Eventually found out the real reason behind this. Well, fast forward to my last week. The landlord asks if I can give the key to the new tenant because they want a "smooth transition". I get it. The key hand off can sometimes be annoying. I figured no harm in this. They have a lease, and a move in date. My move-out date was very clear. I paid the full month's rent and kept my date. I had a 4-day overlap from closing on my house to moving out of this rental. It was beautiful. Low stress. Or so I thought. So, these MFers, the new tenants, -on my closing day, which I was also working out in Salt Lake City from 9-5, closed at 5-6, drive home is 50 minutes. I got home around 7pm. They fucking moved in. They were all in the house. Their boxes were unpacked, and they moved all my boxes into a corner (nice of them) in the downstairs area, and had piles of their clothing and shit on my bed. They fully integrated their food-stuffs with mine in the fridge, and pantry. I was furious with them, furious with the landlord. I blew up his phone. He didn't answer at all that day. I imagine he probably had a rough idea of what was going on from my texts (I was a bit vague but urgent) and ignored me to avoid a headache. I ended up calling a police officer over, and showed him my lease, then they showed their lease. I should add this immigrant family was equally furious with me, and it took a lot of diligence and self control to keep my cool while communicating to them through their 10-ish year old daughter. Their lease started that day, and mine ended 4 days later. The cop was super empathetic but also extremely unhelpful considering we both had valid-ish leases. I'd argue theirs wasn't valid, because it was executed in overlap with mine, but they are just victims of this guy, not bad people. I ended up buying an air mattress and putting it up in the new home, having taken my sheets and whatnot back from them, and some of my food stuff. Clarity arrives the next morning: The landlord just assumed I was "going to be out of the place when I closed" and let them move in, and double dipped 4 days of rent from us both. He said I told him I closed this particular day, so he told them they could move in then. That it's odd I'd close and not be jumping in excitement to move into my new house (in the middle of the fucking week). Oh I should reiterate, my letter of notice to vacate VERY CLEARLY SPECIFIES THE DATE, and it is NOT my closing date. I'd imagine if I were caught with my hands this deep in a tub of bullshit (as the landlord), I'd relent a bit on being a prick about the move out process. Well, he didn't. He actually took that extra month rent from me at the end (despite my having paid last month already, and I honored my lease in its entirety - not a day before or after did I leave this place) to use toward "repairs". So onto the walk-through. Oh boy was this a shit show. I have a process for moving in and out. I document everything. I take tons of pictures, video, make print outs, circle things of concern, and all that. So, seeing as how my stuff was still there, the new tenants stuff was now there (planned to move tomorrow and clean up on Saturday - I hired a professional cleaning service who does move-out cleans), he took the liberty to just do the walk through himself. He's claiming I owe for the following: Drywall repair - I hung pictures up (with VERY small nails). These walls aren't textured btw. I know how to fucking repair drywall. You sand it down, fill it, and paint over it. Well not in his fantasy world of bullshit. He is claiming that it's going to take 8 hours of a dry-wall specialist's work, and estimated that to be $75 / hour. $600 because I hung pictures. Filter for fridge - he says it needs changing and it was my responsibility. There's no indicator in my lease one way or another about this, but regardless his estimate on a filter for his fridge was $75. He seems to like this number. Carpet - He said carpet upstairs needs to be replaced, and is not quoting me on deprecated value of existing carpet (and won't prove out when he bought the carpet to me). He is wanting $1000 for this. He's claiming the whole area is just trashed and needs replacement. I'm a very clean person, and my dog is 12 lbs. She's not ripping up carpet, and she's 9. Doesn't pee or anything. He couldn't even really convey what was wrong with it. Just that it was "shabby looking". Oh more carpet stuff - He needs the carpet professionally cleaned. Took the liberty of quoting me $280 for this. Not sure where he got that, but I called the only providers in the area who do professional carpet cleaning and the max I got for what wasn't being replaced was about $110. There was a bunch of other miscellaneous stuff that's either bullshit, or extremely hard to verify if I'm responsible one way or another given the move-in/move-out mishap. The total he sent was $2250 for repairs. The last one I'll list, which isn't related to repairs. I'm gonna save you all a question: What I'm about to say wasn't on the lease at all. No mention of it. He (apparently) has an ADT contract for this property, for some reason. News to me. He's also now claiming I owe him $215 for having access to a security system that I wasn't even aware was active. This one is really a head-scratcher for me. He also deducted this from my deposit. This is mostly a vent session. I'm not really looking for advice. If you want to justify his behavior I can kindly say: Please fuck the fuck off. All the way off. My plan going forward: I haven't cashed the "refund of my deposit" check. I'm going to hold onto it. I contacted the officer I talked to to get a report regarding the overlapping leases and that whole situation, and the fact that he charged me my last month's rent twice, and is removing funds that weren't intended for the security deposit, as well as his text message to me saying he just "assumed I'd move on my closing date", as well as the receipt for the air mattress I had to buy due to his assholery, as well as my email and lease showing my move-out date, as well as his communication telling me he doesn't plan to reimburse me for the overlapping days between our leases. I'm taking all this to small claims. Anyways. I feel like this guy is in some kind of boot camp to become an NYC slumlord or something with how he behaves. He's really bad at this, too. I feel pretty confident in my small claims court case. [link] [comments]  |
| A breakdown of who's buying real estate in Austin, TX (part 2) Posted: 27 May 2021 05:55 PM PDT Made a post a few months ago about the real estate market in Feb and March. Since it got a lot of interest, I thought I'd make a new update on the market from March to May. I'm not a realtor, but I work for a real estate agency and do paperwork/documentation for completed sales in Austin + the surrounding suburbs (Round Rock, Pflugerville, etc). From mid-March to end of May, we've had 26 completed home sales (includes our own listings and our agents working with other buyers). Average listed price of sold homes was $304,000 (mostly 3 bed, 2 ba, around 1500 sq ft on average). Our average close price was $341,000, roughly ~12% above the list price. Of course, property closer to downtown Austin usually sold for more than property in the surrounding suburbs. So, who's buying the houses? In this part, I looked at the buyer's registered mailing address as the place they're from. For example, if a buyer's mailing address was Fresno, California, I'll say the buyer was from California. Here goes...
Overall, we've had more in-state folks win bids than in my last post. The majority of offers still come from people in the Austin area (I'd estimate around 60-70%). I'd say most cash offers (including the ones that didn't win) are from older people who already own a house. A lot of people from HCOL areas come in with a lot of cash offers too. [link] [comments]  |
| Should we try to sell our beach condo on our own? Posted: 28 May 2021 02:27 AM PDT Hello everyone! We lived in South Carolina for our entire lives, but recently my husband got a great job offer in Massachusetts, so we are thinking (he already decided, I'm the one who has doubts) about selling our condo and buy some real estate near his new office. I was thinking about trying to sell our property on my own, cause last time when we bought our home we spent quite a fortune on agents fee. I have no complaints, our agent did a great job (except the money - yes I'm a scrooge). When I was sharing this idea with my friends, they told me I lost my mind and if I will keep up with it I will lose my sleep too. Every person in my surrounding considered that is their job to get me in contact with some RA agency like for example this one here https://www.homeguidemyrtlebeach.com/ and to persuade me to change my mind. For the last month, I've heard a bunch of horror stories (now I can write my own book or shoot a thriller movie): he did an "open house" and ended up in hospital; she showed someone the house, and the next day it got robbed; they lost money on the deal, they paid the fee anyway, etc. My mom thinks I don't care about my safety at all if I decided to search for buyers on the internet. My husband is sure that I'll give up after a few weeks and I will contract a RA agent (at least he doesn't try to frighten me). This smartass may be right, but I want to give it a try. I'm quite aware of the risks involved in showing my condo to strangers. To be frank, I'm more interested in all the paperwork I'll have to deal with. Are there some pitfalls I should know of (the MLS, escrow process, market analysis, homeowner insurance)? And what should be my first step? And how much time it can take to sell a house by owner? I'd appreciate any kind of advice on this subject. Thanks for reading my whining. [link] [comments]  |
| That was not the experience I wanted to give our buyers. Posted: 27 May 2021 08:03 PM PDT We recently closed on the sale of a house that's been vacant since November. I kind of feel bad for our buyers. Their realtor didn't really seem to know what they were doing. They dragged the whole process out for weeks longer than it should have been because they didn't know how to do various things, or just didn't bother to do them. At the advice of their realtor, the buyers waived the home inspection, and then the realtor didn't do a final walkthrough with the buyers! Well, we heard at dinner that they found out about 1hr after closing that the central A/C doesn't work. Mind you, we checked out everything at the house a few days ago to make sure things were still good, but we had some major storms come through since then and I guess something may have shorted out (they checked the breaker box). We hadn't gotten back to checking on the house after the storm because we were insanely busy and and we had been told closing was still a ways off (until suddenly it wasn't). We absolutely would have fixed it before closing, had we known about it. The buyers were a young couple and super excited and I know how exciting it is to close and get into your new house and then the let-down that comes with finding something broken that you weren't expecting. I wish we had noticed it sooner. I wish their realtor had not skipped out on the final walkthrough. I wish the young couple had been educated enough about the process to know that skipping the walkthrough was bad. Our realtor is of the mind that we did our best to take care of the house and be honest and helpful to the buyers. They purchased the house as-is, with no inspection, no final walkthrough, and no guarantee from us. We were extra patient on the delays when they did things that gave us every right to back out of the contract and re-list. He says that, given all that, we should just leave it be. Logically, I agree with him, but man... it just stinks. :( [link] [comments]  |
| Anyone willing to share their multi-family deal? 7-10 unit range give or take. Posted: 28 May 2021 04:23 AM PDT Curious on purchase price, amount down, yearly net, and anything else you are willing to share. [link] [comments]  |
| Posted: 27 May 2021 11:36 AM PDT Thoughts on the potential of this happening? Edit: CNBC Article link inserted Edit: I meant the potential of them actually following through with starting to foreclose. I know that the vast majority of people in forebearance (that can't afford their mortgage) would sell their homes and not go into foreclosure. [link] [comments]  |
| Posted: 27 May 2021 06:26 PM PDT Been working on this for months, tons of showings, tons of offers, fun with appraisals, etc. etc. but today was closing! I'm remote, so we had a notary set up to come to our current residence and get everything signed... and she had a car wreck enroute and missed the signing. Realtor said that was a new one on him. I don't think she's seriously hurt, at least. Working with everyone to get it all rescheduled. Sometimes you just have to laugh. [link] [comments]  |
| Posted: 27 May 2021 10:16 PM PDT After seeing 42 houses since early January and losing eight bids (including one where we were the highest offer), my wife and I finally had a bid accepted last Friday and will close in two weeks. It feels amazing to be done with this process and we can both genuinely say that we prefer this house to all eight of the ones we lost. The House: After losing our sixth or seventh house, we started getting more aggressive, and thankfully our agent picked up a bit on it and became more aggressive as well. We're in DC, and the house went on the market around 3:00 p.m. on Thursday. We were in the house by 6:00 p.m. and told our agent to put in an offer ASAP. The listing agent told us to not worry about submitting before the Tuesday deadline, but we'd rather the sellers make that decision and not him, so we submitted a bid Friday morning that was $61k over asking (for the Tuesday deadline), but would jump to $112k over asking if they signed by 6:00 p.m. Friday evening. We knew form their agent that they were at a wedding out of town for the weekend and we wanted them to have the option to be over and done with the process before their first drink at the rehearsal dinner. Our agent called us at 4:45 p.m. to let us know that they'd accepted the offer. It worked. The Lesson: If you're like us and have gone through months of disappointment, stress, and heartache, I will echo what many people said to me when I came here to vent: stick with it. As first time buyers with no existing equity to throw around, it took time and many disappointing experiences for us to find a niche in which we could be competitive, but without staying on top of the market week in and week out and being aggressive, we would never have been able to end up in a house and neighborhood that we love. Thank you to everyone on here who let me vent and helped me work through a few challenges along the way. We did it! [link] [comments]  |
| This is what COVID has forced me to do in my Building Posted: 27 May 2021 10:02 PM PDT I do not know if most of you are going though this but I will no longer accept tenants who "only have jobs" into my building in NY. it is upsetting that I have to turn people away, but I cannot risk a tenant not paying because you cannot evict them at the moment, and NY has extend the moratorium for tenants. I will only accept Section 8 not or Rapid Re-house. I know you are thinking "what about SSI?" Well I will not do that either because the tenant receives the check not me. I had an issue with a tenant using their SSI for other things and now she has not paid me since February. I am going to court and rolling the dice I will let you all know what happens. [link] [comments]  |
| Missing closing date by one day Posted: 28 May 2021 01:09 AM PDT I'm a first time home buyer and I agreed to a closing date of June 1st. However, we failed to realize 31st is a holiday and funding won't be able to take place as banks are closed. What happens if I miss my closing date by one day and close on June 2nd. What's the worst case scenario? [link] [comments]  |
| Is this appraiser playing games? Posted: 28 May 2021 12:57 AM PDT Our appraisal came back super low. Even my lender and agent said this guy was stupid. Under the market trend section, he put the supply/demand was balanced. Good houses here are typically receiving 30+ offers. Here are some reasons we put in our rebuttal:
We sent the rebuttal and 4 hours later, we get a revised appraisal that is 10k LESS than the original. wtf? [link] [comments]  |
| Can a seller get out of a home sale contract after P&S signed? Posted: 28 May 2021 04:29 AM PDT Title says it all. We are purchasing our friend/neighbor's home. We are not using an agent for the transaction (we are obviously using a RE attorney) to save them some money. They gave us a price, and we (more or less) agreed. P&S signed > 1 week ago. We have our home days away from going on the market, and we've received an offer. We think we could probably get more on market. We are using an agent to sell our home. I'm nervous that the sellers are regretting their decision to avoid the market, and that they'll pull out of the deal (there's a lot more to the story here, but it's irrelevant for the purposes of this post). Our P&S has a timeline for when we need to be under agreement for our home, which we will undoubtedly be able to honor. We have other stipulations we must honor, which we also aren't concerned about. Do they have the ability to do this? We'd obviously lose our earnest deposit if we pulled out now. Would they lose anything if they did? Would love any and all advice as I'm feeling scared about this situation. We wouldn't have moved otherwise, so it feels really nerve wracking. Thanks. [link] [comments]  |
| Sacrificing personal home for future investments. Anyone else? Posted: 28 May 2021 04:14 AM PDT Currently own a 3/2 rental I've been managing for about 5 years now. Has 100k of equity (probably going to sell) I've decided to focus more on multifamily. So I've been working toward saving up about 300k as a down-payment. I'm not quite there yet but I'm also not that far away, when I sell the sfh I'll easily be there with a cushion. Right now I'm living well below my means in a studio apartment prison cell in order to save as a sacrifice because I don't want to throw off my dti and hurt a potential multifamily deal in the future. Anyone else think this way? It really sucks tbh because I'm near my breaking point of getting a house but trying hard not to. [link] [comments]  |
| Extended closing what else can go wrong? Posted: 27 May 2021 07:18 PM PDT So my husband and i went on contract on the 16th of April. We were prequalified with a mortgage broker but decided to go with a bank where i work for some perks. The advisor told us everything was set and confident we could close on the 14th of May. We scheduled the inspection and told the bank so they could order the appraisal. Now this is where it started to go south, the bank said they couldnt find an appraiser until the 17th of May. The seller's agent threw a fit and said how can this be and threatened to go with the back up offer which doesnt really make sense because the back up is only $1k more but split closing cost or he just wanted to get compensated or being a complete ahole. Anyways, we stressed this out with the bank and they said legally the seller cannot do that because we are still on contract. We sent them an addendum to change the closing date on the 28 of May instead. The SA really gave us a hard time we told him we are willing to compensate the seller for those days... and just when he started to open his, the title report came back and said the property cannot be sold because the county requires it to be surveyed which would take about another 4-5 weeks. The SA just said "well that fixed the appraisal issue". So they ordered the survey on the 5th of May and just wonder what else could go wrong? We've sent another addendum to close on the 11th of June. Its been very very stressful. My husband and i had to take pills for sleep. [link] [comments]  |
| What would you do if you were the seller? Posted: 27 May 2021 06:15 PM PDT Backstory: we're under contract on a house - it was originally listed for $625K, which was out of my price range and after a few weeks they reduced to $595K so we went to see it and really liked it. It wasn't perfect, but in a location we wanted to be in and ticked most of the boxes on our wish list. Our realtor knew there were no other offers didn't think it was worth $595K and suggested we offer $580K. Seller said "No, we're firm at $595K" and I said "Ok, no thanks!" And then 30 mins later they asked if we'd split the difference and we went under contract at $587.5K So, we had inspection on Tuesday and turns out there are a lot of issues (biggest being a cracked sewer line, needs all new electric [which my realtor thought might be an issue but we weren't sure] and we won't be able to get home owner's insurance with the knob and tube, issues with the roof, evidence of termites and evidence of a previous rats so needing decontamination) - from the estimates we've gotten, it's at least $40K and that's just the BIG stuff (never mind the random other stuff). We don't have the money for all these fixes, so we'll have to walk away unless the seller will either fix them or give us a credit for, which in this market would generally be unlikely. But if they have to relist, they're going to have to disclose it all for the next offer, right? And it's not like they were swimming in offers before mine. I feel bad, it's not like I'm wanting to screw them over, but it's not even like I can negotiate to split these costs, they're just too high. But is there any chance they'd agree to these costs? Is it worth asking? Or should we just terminate the contract? [link] [comments]  |
| Sellers putting up survey stakes not according to survey a month after moving in Posted: 27 May 2021 09:43 AM PDT I purchased a house last month in PA. I was provided a survey and there were survey stakes there that showed the proper boundaries. After a few weeks of purchasing the house, someone, without my permission - went on the property and removed the original survey stakes (no big deal, thought the surveyor came back and removed them). Now the seller (who has a neighboring property) has encroached on about 20 feet in the rear of my property and put up new survey stakes along the encroachment. They also mowed that area (unbelievable!). I have reached out to my real estate agent to let them know. Should I call the cops or a real estate attorney? Has anyone ever dealt with anything like this before? [link] [comments]  |
| Inspectors couldn't access the crawlspace [NM] Posted: 28 May 2021 02:09 AM PDT FTHB. We're in the process of buying a home in northern New Mexico. It's frame and stucco on a crawlspace, built in the late 1990s, and since then has had a lot of DIY work done. We've had the house inspection and a pest/termite inspection, and neither one could figure out how to access the crawlspace. (Oddly, the pest inspector gave the house a clean bill of health in his report, despite not being able to look at this crucial area.) The home inspector recommended that we have someone come out and look at the site drainage, and red-flagged some damage to the wood frame in a spot where the stucco had come off and the frame was exposed to soil. I've never lived anywhere with a crawlspace, so maybe I'm blowing this out of proportion. But it bothers me not knowing the condition of the underside of the house. What if there's mold, or termites, or the foundation is rotting? The heating ducts are down there, too, and we have no idea what shape they're in. The question is what to do about it? If there is in fact no access point, we'd have to get a contractor to cut one in the floor somewhere. And I doubt the sellers will allow that. Even if they did allow it, I'm not sure it would make any difference to the sale - the deadline for objections is tomorrow, just three days after we got the inspection report. What are our options here? Do we just go through with the sale and hope for the best? I don't want to walk away from this house unless we have to. Edit: TL;DR crawlspace on house we're buying has no access point, am concerned about possible issues, need advice. [link] [comments]  |
| Property Line and Fence Issues Posted: 27 May 2021 05:05 PM PDT A bit of a backstory: My mom is trying to sell her house. She is currently under contract to close within the next month and half. She has been living here for 23 years, and still has the original fence up. Her neighbors next to her moved in about 4/5 years ago. They are currently redoing their fence. They have untrained dogs, and those dogs have been tearing not only their fence, but my mother's fence as well. So today my mother got a note from the neighbor saying that the original fence is 3 feet into their property. This is the first time we are hearing about this. The previous owners lived at that property for over 20 years and they never came to my mother about property line issues. These neighbors said they had a survey done, but the proof seems sketchy. It looks like a diagram that points out their land and my mothers fence but nothing more. I checked outside my mothers house in-between the properties. There are no markers on the ground indicating the property line. The diagram given doesn't say anything that can be documented as being an "official" survey (no company name or any info like that) so it seems a bit odd to us. My mother is just trying to get the house sold, but this seems like it can be a big road block and possibly cause the sale to fall through. She lives in IL so I'm not sure if she falls under Adverse Possession. What are her options? We are going to get her property surveyed. Thank you! [link] [comments]  |
| What has your experience been with appraisals in today’s market? High? Low? What happened? Posted: 27 May 2021 05:04 PM PDT |
| Austin Real Estate Community r/AustinHomes Posted: 27 May 2021 09:43 PM PDT r/AustinHomes if you want some insight into the Wild World of ATX Real Estate! [link] [comments]  |
| Paying agent out of pocket on FSBO Posted: 27 May 2021 09:35 PM PDT FTHB looking at a FSBO that checks all the boxes, but they don't intend to pay for the buyers agent either. We've been working with a buyer's agent, but should we try to go through the process without the agent completely? Otherwise would it be better to pay the agent out of pocket or make an offer with a 2.5% escalation clause & appraisal gap, to price in the buyers agent fee? [link] [comments]  |
| My renter is using house as an AIRBNB. Posted: 27 May 2021 01:15 PM PDT Hi! So, I have a home in a college area and I have nothing in the lease against sub-leases as I have mostly college renters and they tend to sublease etc. My renter is now using it as an AIRBNB. Is there anything I need to worry about as the owner? I'm assuming Airbnb has their own insurance to cover accidents or whatever? I don't have a problem with her AIRBNBing it as long as there aren't any legal consequences that might affect me. Thanks! [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment