Offered my tenant $3,000 to get out, lease was up May 15th - Toms River NJ Real Estate |
- Offered my tenant $3,000 to get out, lease was up May 15th - Toms River NJ
- Story :: Just successfully evicted a squatter / tenant (LA Rent Control)
- 36% of young Canadian adults have given up on owning home: RBC survey
- If the environment is rapidly changing, where to buy now for future extreme weather and resource shortages?
- Buyers walked one week before closing
- My wife and I closed on Tuesday, and the funds were just sent today!
- Do street addresses like 4, 44, 666 or 13 have an impact on resale or rental value?
- Renter destroyed the house. There’s trash several feet deep, and dog waste everywhere. I’m overwhelmed. Anyone with experience have any guidance?
- Riverside couple can't move in due to squatter- update
- Adverse Possession in MA with hostile and conniving neighbors **long post**
- Only offer, over asking price, waived contingencies - rejected (WA)
- Wait to list until neighbor closes on theirs?
- U.S. appeals court leaves CDC residential eviction ban in place until June 30th
- Buying a home you know you don't want to stay in for more than 5 years?
- I’m a dummy fomoing FHB - tell me why this house is trash
- how to find out if an agent have mostly returning buyers or mostly just first time buyers
- Was I mislead by my realtor?
- Broker Problems
- [TX] Really getting discouraged at the insane offers being made
- How to best approach and "best and final offer" bidding situation
- Real estate purchase
- Longterm Rate Lock Worth it?
- Downtown condo in Montreal- To sell or not ?
- Can y’all recommend any gods and reliable mortgage brokers????
- Purchase and Sale Agreement going past closing date because of COVID-19 ramifications.
| Offered my tenant $3,000 to get out, lease was up May 15th - Toms River NJ Posted: 03 Jun 2021 12:28 PM PDT I offered my tenant $3,000 to get out of my house. He hasn't paid me rent since Nov. His lease was up May 15th, and he is still there, loafing. I'm going to court with him on June 15th. So.... he came back with a reply to my "offer". He goes... "Here is how this is going to go down, your going to give me $7,500 and I'll leave on June 1st. Of coarse that was not an option, and his "mob" character disgusted me. Anyway, should I mention that reply he had to the judge on the 15th? I'm in NJ and this is a SEASONAL rental. What are my chances of getting this loser out of my house? I have weekly summer rentals coming in. On FB, he posted his vacations to Florida and Atlantic City this past winter. Along with his nice Mercedes in the driveway. I also recently found out he was evicted in 2019. I'm so disgusted that this man can live in my house and there is nothing I can do but wait. How is this allowed? It just blows my mind! ANY helpful info would much be appreciated. I have lost countless nights over this. [link] [comments]  |
| Story :: Just successfully evicted a squatter / tenant (LA Rent Control) Posted: 03 Jun 2021 07:48 PM PDT Thought this story might be helpful to other fellow landlords - Or perhaps not. I'll leave my opinions out of the story, but I know many are having trouble with tenants at the moment. Here's what I just went through to get one of my units back: I have a building within a Los Angeles Rent Controlled area. Upon purchase (many years ago) I inherited an older and sickly tenant, who was very sweet and always paid rent. He never let anyone into the unit, even when requesting repairs, but it was all fine and we had a friendly relationship. The tenants health worsened late last year and he went to the hospital. I was told by extended family members he wouldn't be returning to the unit and needed to be in a full time care facility for the rest of his life. Enter the tenants daughter, who moved in and took possession of the unit as a "caretaker" and refused to leave, saying the tenant was coming back. Other family members, however told me the exact opposite and that the daughter wasn't to be trusted. This was in October/November 2020, and the last time I was paid rent. Took a couple of months to figure out what was going on with the tenant, but when I realized he wasn't coming back, I retained an attorney, who told me I could evict on the basis that the daughter was an unauthorized tenant, and the process began. I also retained a property manager and separated myself from the building. Months went by as the process drug on. The tenant eventually retained an attorney and demanded a trial. We had an initial hearing, and the judge asked the daughter if she had another residence to go to, to which she said yes, but still would not relinquish possession. The judge then ordered a mediation for a later date. In between this all, the daughter reported me to the City for rats, mold & electrical issues, of which there were none, but I had to have contractors and inspectors to the unit (my property manager handled it all). The mediation took place weeks later with another judge as the mediator, in which I negotiated a $5000 settlement for her to leave within 10 days. If not, no money, and the sheriff would then lock her out. She agreed and the eventually left, along with an apartment completely packed with trash and hypodermic needles all over the floors. I could've not settled and gone to trial, and likely spent way more in attorney fees in the process. Getting the unit back ASAP was priority #1. In the end, the process cost me $8400 in lost rent, $6200 in attorney fees, a $5000 settlement and took 7 1/2 months. Silver lining is that I have a beautiful unit back (that I now have to remodel). I will be able to get more than double the rent and the value of the building will increase dramatically because of it. [link] [comments]  |
| 36% of young Canadian adults have given up on owning home: RBC survey Posted: 03 Jun 2021 06:29 AM PDT |
| Posted: 03 Jun 2021 11:32 PM PDT So if you believe in climate change, the next 20 years are going to be a period of extreme weather, warming, and rising sea levels. On top of that we have scarcity of ground water and increased levels of environmental pollutants, urban crowding, and man made disasters. Based on that, where's a good place to buy some land now to avoid those extremes? I was thinking the pacific northwest, but that's also part of the ring of fire super volcanos. Perhaps western PA? Vermont? [link] [comments]  |
| Buyers walked one week before closing Posted: 03 Jun 2021 05:29 PM PDT After getting through disclosures, inspections, and appraisal, our buyers backed out today, one week before closing, on the loan termination date. Our agent even called their loan officer earlier this week and confirmed they are cleared to close. We have some backup offers our agent is reaching out to, but nothing firm yet. Any advice for getting through this gloomy period? I guess this gives us more time to find a new home, but I'm really stressed out now that we may have to start this process all over again. We have already started packing and our home is not even remotely show-ready. Anyone been through this and have words of wisdom? [link] [comments]  |
| My wife and I closed on Tuesday, and the funds were just sent today! Posted: 03 Jun 2021 12:49 PM PDT My wife and I (both 22) closed on our Baltimore rowhouse for $70k on Tuesday, and drank a bottle of Dom Perignon to celebrate. This was a stressful as hell month, with our (now former) landlord trying to torpedo the sale at every corner because of the change in the market, so we couldn't close before the contract expired. We did it, though! Got a kick ass rate, FHA insured, and we're excited as hell to build our life! [link] [comments]  |
| Do street addresses like 4, 44, 666 or 13 have an impact on resale or rental value? Posted: 03 Jun 2021 08:17 PM PDT I saw a few SFH that have potential as primary and eventually an investment property, but I've heard that specific street address could be seen as unlucky and therefore less desirable Is this true? Would this have an impact on resale or rental value? [link] [comments]  |
| Posted: 04 Jun 2021 03:55 AM PDT If this is the wrong subreddit, I'm happy to repost elsewhere. My brain has been shorting out from shock, and I still need to parent my kids during this trip. Doing my best. He moved out a few days ago, left the front door unlocked, keys hanging on the knob, and the alarm going off. He has been refusing contact for over a month, but he did obey the 30 day notice on his month to month lease. We live out of state, so I had to drive over 17 hours to check on things. I figured something was up, but I feel sick to my stomach over how bad it is. I couldn't even walk inside, because it's not safe. The floor is completely covered, for one, and the smell is overwhelming. My partner contacted the insurance company, and they're sending out an adjuster to take a look, but they said it might not happen until next week.They asked if maybe it's "just a mess", but this is well beyond a mess. It reminds me of flipping shows that I've seen. Full protective gear is needed to go inside. I'm guessing we will have to replace flooring, appliances, and probably everything from 3 feet down. It's going to cost thousands, and thousands of dollars to fix. We are hoping that insurance covers damages, and that the former tenant is on the hook. They have his name, and number. He has a full time tech job, and a $50k truck, so he's not poor, but he clearly needs psychiatric care. We planned to list next week, but that obviously won't be happening. I'm absolutely furious with him, because in this condition, the house is worth over $100k less until we fix it. Anyway, I have found several businesses that specialize in cleaning up hoarder messes, specifically. We can't do anything until the insurance person checks it out, though. I couldn't even shut the inside garage door, so the Texas heat is pouring in, if the a/c is even functioning. I also had to leave the alarm going, because it's down the front hall, and I can't get to it. Thankfully, it's not connected to a service. Our realtor is a great guy. He's new, but eager to help, which is wonderful. I'm pretty sure he has zero experience with this kind of situation, though. I'm meeting with him later today to make a plan. Also? I'm not keen on ever renting to anyone ever again. The tenant was my partner's old friend, so he didn't check the guy's rental background. Never skip that. Even your very best friend could be hiding something. If there's anything else we should be doing, or looking out for, let me know. I'm guessing this could take months to remedy. [link] [comments]  |
| Riverside couple can't move in due to squatter- update Posted: 03 Jun 2021 09:36 AM PDT About two months ago there was an update to this story https://www.reddit.com/r/RealEstate/comments/m9b7d4/couple_buys_home_but_they_cant_move_in_because/?utm_source=share&utm_medium=web2x&context=3 In April, the squatter finally left and the owners got access to the house. https://www.foxla.com/news/riverside-family-finally-moves-into-new-home-after-standoff-with-squatter-that-lasted-nearly-a-year In the article, they mentioned they would probably end up selling. I may have tracked the house down on Zillow and favorited it so I would get the notification when it was listed for sale. It was listed this morning at 880k (owners paid 560k cash). This is one situation where I don't begrudge them the current-market markup. I truly hope they're able to at least recoup the costs they've incurred. This story absolutely terrified me, and is one of the reasons I walked away from purchasing a home that was asking for a rent-back. [link] [comments]  |
| Adverse Possession in MA with hostile and conniving neighbors **long post** Posted: 04 Jun 2021 02:09 AM PDT Hello! I was looking for some kind of advice or opinions on this situation that one of my relatives is struggling with and it's stressing her out. Back in 2007, my relative had a neighbor that installed a fence around their yard. However, they intentionally overstepped their property line and installed the fence on my relative's property, which was about a couple of feet. They explained that they needed to install the fence where they put it to make more room for their dogs in the yard. My relative is timid and doesn't like confrontation, so at the time, she didn't cause too much of a scene about it and reluctantly allowed them to do it. My relative did mention to them that if she ever needed to make changes that the fence would need to be removed. This was a verbal discussion, however, my relative had sent them letters and texts advising this same thing over the years about it because getting to certain parts of the house now required her to go into their yard. They were regularly told about the inconvenience. Fast forward 2021, my relative is planning on selling the house and has decided to renovate her fencing. When she kindly advised the neighbors about this construction, she was met with a hostile reaction. The neighbors are now arguing saying that it is their property and they had the land surveyed to confirm it. However, they refuse to show the paperwork for it. They are now also saying that the fence there was maintained since 1994, which is not true because the fence was replaced and moved intentionally in 2007. The plot plans show that the property they took is infact my relative's land. My relative is getting a surveyor to confirm the property space and to register the verification. When she advised the neighbors of this, the neighbor's husband aggressively went to the house and intimidated her. Slamming on the door and giving her a hard time. My relative called the police because she felt threatened and has the report for the incident. They have been gaslighting her and telling her that she is sneaky and conniving when my relative has communicated everything she has been planning to do with them properly. The surveyor advised that they will be verifying the property line at the end of the month. When this was communicated to the neighbors, the neighbors were caught in their back yard discussing the idea of making it difficult for the surveyor to get the measurements and moved one of their back yard structures in a way that blocks part of the yard in order to deter the surveyor. The next few days, a letter was sent to my relative from her neighbor's apparent lawyer that advised that legal mediation was required to discuss property lines or my relative will be dragged through costly litigation. She is stressed out about it. My relative contacted a lawyer and the lawyer did not seem to be remotely helpful. The lawyer advised that all the texts and letters were redundant because none of them were legally certified and that most likely she was going to lose the space, even though she was paying property taxes on it for all that time. The lawyer advised that the plot plans and survey probably wouldn't help her. Hearing this made her stress even more because she was trying to not cause trouble and be neighborly about the property line and fence, but she was taken advantage of by these awful neighbors. IMO based on what my relative told me, the lawyer is an idiot, she needs to find a new one and my relative still has the right to take back what was taken from her. The new fence was installed in 2007 and per the law in MA, you have to wait at least 20 years to claim land that is someone else's property if the other property owner never acknowledges the use of the property or shows lack of attention and interest to it. I feel the letters and texts are very important pieces of evidence that show there was acknowledgement of the fence installation and they carry weight regardless of them being certified or not. The survey that is soon to happen will also be very helpful. The neighbors acting the way they are also implies that they know my relative has a case against them that's valid, so they are resorting to hostile and sneaky behavior. The only thing that I heard that is worrying is the fact that the fence that the neighbor's installed was done by the neighbor's husband.. so they can potentially lie and say that the fence was always there since 1994 and was just maintained because there is no paper trail potentially of any sort. Though, I believe there needs to be some kind of documentation like a permit for construction or something. It's a messy situation and my relative needs to learn how to deal with confrontation or people will take advantage of her like this again. Has anyone had experience with this? Does she have a chance or do you believe she is going to lose the property that she reluctantly let her neighbor's use? Any advice or help with this is appreciated. [link] [comments]  |
| Only offer, over asking price, waived contingencies - rejected (WA) Posted: 03 Jun 2021 05:03 PM PDT First time ever posting on this thread but had an experience this week that really defied all logic. Wife and I have been looking for several months to buy a house in the greater Seattle area. Found a house a bit outside our initial search area as we found we were getting priced out or our initial area with houses selling for well over their asking price. I thought writing an offer over Memorial Day weekend may be less competitive. So we visited several houses and wrote an offer on the house we liked best for full asking price that escalated to $75K over their asking price. Waived all contingencies, offered free 1 month lease back, quick escrow, did everything to make the offer attractive. Discover through the course of the day that I was the only offer on the house which was a huge problem for the seller since it didn't trigger the escalation which had been how houses were selling for well over asking. They counter saying they really are fixed on selling for $150K over their asking price. I balk at that ridiculous offer since there is no one else competing to buy this house. They say if they don't get that price they will keep it on the market for another week. I counter offer saying I would pay $50K over asking (not my full escalation) but still over asking if they wanted to close quickly and not run the risk of having it stay on the market another week. They rejected and set a new review date for next week. What would you do? Write identical offer this week? Still try to negotiate with listing agent? [link] [comments]  |
| Wait to list until neighbor closes on theirs? Posted: 04 Jun 2021 04:18 AM PDT Our neighbor's house (comparable to ours) is pending for a great price, higher than the rest of the neighborhood. I'm wondering if I should list ASAP or wait until the end of the month when they close to help bolster our hopefully amazingly high list price. Our neighborhood is on fire right now and our house would be the only one on the market if I listed ASAP. Does anyone think it'll even make a difference? I'm just so nervous the market will change! (Nerves are high because we already bought next house...fun times!) TIA [link] [comments]  |
| U.S. appeals court leaves CDC residential eviction ban in place until June 30th Posted: 03 Jun 2021 12:30 PM PDT |
| Buying a home you know you don't want to stay in for more than 5 years? Posted: 03 Jun 2021 05:47 PM PDT Here's my situation. I'm in an apartment that I don't like, but it's month-to-month and the rent is cheap so I haven't moved in the last few years so I could save up for a down payment. Now that I have enough saved up, I'd like to buy a SFH home, but so does everyone else in this market, and right now, the homes in the SoCal neighborhood I'm interested in buying, at the sub 1 million price range are all going over asking, if/when they become available. I'm thinking of buying a condo/townhouse instead at around $500k range, for now, instead of staying at my current place or renting a new place, since I make enough money that would still allow me to save a good amount, while building equity, instead of renting a nicer place, even though renting, would be a little cheaper. And then buy a SFH after ~5 years when I would make back at least my initial investment. Wondering if anyone has been in this situation and/or have thoughts/opinions on what I should do? Should I move and rent a nicer place that I'd be happy with and still be able to save a good amount and take my time to find the SFH I want? Buy the condo/townhouse now, build equity, and sell after I can make back at least my initial investment? Or continue to stay at my cheap apartment, and wait for the SFH I'd be happy living in for 10+ years? Thanks! [link] [comments]  |
| I’m a dummy fomoing FHB - tell me why this house is trash Posted: 03 Jun 2021 08:35 PM PDT This house is in the most amazing waterfront community and I literally want to throw everything at this place to get it. Tell me why that's a bad idea pls [link] [comments]  |
| how to find out if an agent have mostly returning buyers or mostly just first time buyers Posted: 03 Jun 2021 05:29 PM PDT hi real estate redditers, I found that the several agents i got referrals about are all five stars, i am wondering how to find out if an agent have mostly returning buyers or mostly just first time buyers? just want to evaluate the quality of the agent candidates. [link] [comments]  |
| Posted: 03 Jun 2021 10:04 PM PDT So I'm about to close on a home that I put an offer on that was accepted. The family really loves it and we're very excited. After having two previous offers rejected on two other homes, we had decided to get more aggressive. I had a good sense of the market and felt comfortable waiving the appraisal contingency while also adding in an escalation clause (we really really wanted this home). Initially, I thought about offering over asking with an upper limit that was $30k over that offer, but then though maybe with my appraisal contingency waiver and escalation clause, why not just offer the asking price? I asked my realtor what the difference would be and why not just offer the asking price and let the escalation go up from there? He told me that the higher offer would stand out more; so I decided to put in the offer over asking. Well, we won the offer and the escalation clause did not go into effect (whew!). I'm excited, but can't help but think that I could've gotten the home for much closer to the asking. Did my realtor mislead me? Should I have just offered the asking price if there was an escalation clause in place? [link] [comments]  |
| Posted: 03 Jun 2021 09:28 PM PDT Hello im a seller (husband has his brokers license). But we used a flat fee service to sell an investment property (don't have mls access). buyers agent wants us to sign a single party agreement document. Already signed escrow docs which documents commission. Also on mls for 2.5 commission. The single party document is incorrect in its wording, and we don't feel comfortable signing it. supposed to sign today, broker refused to allow escrow to close. they also refused to send over our extension of timeline. As today was closing. what rights do we have? I believe I have to send over notice to perform. But can I also ask for a late fee related to that? [link] [comments]  |
| [TX] Really getting discouraged at the insane offers being made Posted: 03 Jun 2021 09:44 AM PDT We just lost out on another house in Hutto of all places where the buyers offered 70k over (easily 50k over the expected appraisal), waved appraisal and even gave 2 months leaseback. Like how do you complete with that kind of insanity where people are knowingly putting themselves underwater? Im not even a fan of having to at this point wave appraisal and inspection but I am at least being reasonable about it so as to not be so underwater to hurt myself. Its like people are thinking nothing of throwing 50-100k they will never get back in any reasonable amount of time. [link] [comments]  |
| How to best approach and "best and final offer" bidding situation Posted: 03 Jun 2021 07:05 PM PDT Northeast U.S. area in a HCOL community. In this highly competitive market, I'm continuing to see most houses being listed on say a Wednesday/Thursday, open house over the weekend and best and final offer due by Monday evening. A house I bid on in April just closed at 100K over list (16% over list price). I bid over list, but wasn't close "enough" to the winning bid number. My realtor felt our offer was strong at the time. Without the listing agent conveying what the seller is looking for in terms of an offer, how does one best position themselves to hit this "magic" number? At this point comps are out the window. If you don't know what other offers are on the table, how do you know you wouldn't inadvertently outbid yourself? Curious to hear from others on strategy in this "best and final" with a deadline scenario. Thanks, all. [link] [comments]  |
| Posted: 04 Jun 2021 12:54 AM PDT Found a home in a community I want to live in, and a price that I can afford... but my father in law who has been an active real estate entrepreneur for over 30 years says ״this is not the time to buy as prices are historically high" does it matter? I am planning on living in the home for at least 10 years. [link] [comments]  |
| Posted: 03 Jun 2021 09:04 PM PDT I'm about 177 days out from closing on a New Construction in North Scottsdale. The lender advised me today that if I locked today, it would be 3.6 with the ability to float down. Doing this will cost me a couple of grand up front. Although none of us has a crystal ball, I'm having trouble determining whether I should wait or lock now. [link] [comments]  |
| Downtown condo in Montreal- To sell or not ? Posted: 03 Jun 2021 08:55 PM PDT Hi Reddit Family, I own a ( 2005 built ) condo in Downtown Montreal which I had purchased at 290k in 2019. The current market value of the condo is around 355k. I am buying a house this year and have been considering selling the condo in order to reduce the liability and arrange the downpayment. When I crunched down numbers and made calculations I figured out that I can arrange the downpayment without selling the condo. Also If I rent out the condo, I would be able to pay out the mortgage. Thus I am in a dilemma of whether to sell the condo or not. The condo is in a prime location and is in a very well maintained building however the building is 16 years old. If I sell the condo, I will make capital gains of 50k. If I don't, I'm not sure if the property value would appreciate 3 - 4 years down the line. What are your thoughts on this ? [link] [comments]  |
| Can y’all recommend any gods and reliable mortgage brokers???? Posted: 03 Jun 2021 04:53 PM PDT |
| Purchase and Sale Agreement going past closing date because of COVID-19 ramifications. Posted: 04 Jun 2021 12:21 AM PDT I have a purchase and sale agreement with a customer, however the house is unfinished due to COVID-19 related issues. When the rate expires will I be able to enter a new contract with the buyer or will I face fees and fines? [link] [comments]  |
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