Rant: "Video" tours Real Estate |
- Rant: "Video" tours
- 35+ video tours, 15 lost offers, and 2 accepted contracts over 4 months
- Renter wants to buy house. Next steps?
- Bought a house at the list price + 10K and it appraised 90K over offered price.
- Our real estate agent isn't submitting offers immediately. Is this hurting out chances?
- Do rain gardens add value to a property?
- New HOA board trying to make neighbor remove fence.
- Termites found, we close in 3 days
- New construction house framing process seems unprofessionally made
- Are garden level apartments in a city a bad idea to buy?
- Sellers delaying closing date yet again
- Is a house really “worth” as much as what it was sold for?
- New homes with small yards
- Question on land subdivision as a part of sale
- Can I cancel my contract w realtor to buy for sale by owner
- Help with landlord and maintenance guy?
- ADVICE; Offer accepted on our dream home, Inspection findings cause concern
- upfront work for work vs. potential scam?
- Direct sale, no realtor. Who is saving?
- People who had no doubts when you made your offer/bought your house: Do you exist? Tell me your story.
- Going under contract tonight. How it went. Can seller walk over me changing lender?
- Preferred lender - scam or a benefit to the buyer ?
- how accurate is zillow
- Buying land in CO - realtor recs, pitfalls and favorite areas?
| Posted: 07 Jun 2021 09:04 AM PDT Panning around on still pictures is not a video tour and is less useful than just looking at those pictures. Stop doing this. [link] [comments]  |
| 35+ video tours, 15 lost offers, and 2 accepted contracts over 4 months Posted: 07 Jun 2021 08:53 PM PDT Just dropping a line to encourage those who are feeling beat down to keep going. In order to be in a winning position we had to sell our home and cross our fingers that something would work out on the other side. We shopped out of state with a great realtor. He toured 35+ houses for us and wrote 15 offers before getting #16 accepted (we found out during the drive to our new home state with nowhere to live). We ended up backing out of that one due to some unexpected issues (homeless again). Bid on #17 and won it. On track to close 7/6 and living in a hotel (with kids and pets) until then. Last week I was bitter at those posting their success stories. Good luck out there internet strangers! [link] [comments]  |
| Renter wants to buy house. Next steps? Posted: 08 Jun 2021 05:25 AM PDT A few years ago, the house next to our store was abandoned and we put in a lowball cash offer to the bank, mainly to keep it from falling into disrepair or squatters. I fixed it up and have been renting it out with mixed success. We have a good tenant now who loves the house and wants to buy it. They have already gotten pre approval for a loan so I wouldn't have to finance it. Recent events have made me decide it is probably time to get out of the landlord business, and they would be good neighbors who will maintain the place. The price will be well below $100k and I am not overly concerned with getting top dollar - I just want to be fair to us both. So with that out of the way; Do we need a real estate agent? Pretty sure we will need someone to shepherd us through the paperwork. Do we hire someone for a flat rate? What is the best way to find a fair price? Do I pay for an appraisal or is there a better way to get a "close enough" price? It's a small town so there aren't a lot of comparable houses and the ones that have sold are all over the place price wise. Any other pitfalls that I should be aware of? [link] [comments]  |
| Bought a house at the list price + 10K and it appraised 90K over offered price. Posted: 07 Jun 2021 04:40 PM PDT As the title says, we closed the deal last week and came to know that it was appraised 90K over (10% over offered price). We are really excited and understand that we already built equity into the property in this market. Since we put 5% down, we want to understand if the lender considers 20% of the appraisal price or sale price with respect to getting rid of PMI insurance [link] [comments]  |
| Our real estate agent isn't submitting offers immediately. Is this hurting out chances? Posted: 07 Jun 2021 10:00 PM PDT Howdy y'all My wife and I are trying to buy our first house and it's been a little rough because the market where we are is hot enough to cook eggs. Our realtor is really nice and good at explaining to us the details about the whole house buying process. However, I do have one qualm about him that my wife disagrees with me about. We had a house we really liked and went and saw it about a day after if went on the market. We decided we'd want to put an aggressive offer on it because we liked it so much. We talked to our agent and decided we'd offer 17k over putting it about 345k. Not the most but it's about as much as we were comfortable offering. After our agent got what he needed to write up our offer, we went about our day expecting him to send the paperwork over that day for us to sign. Well it ended up being two days and us asking him if he'd written up our offer yet for him to actually send us the papers to sign and submit the offer. The offer wasn't submitted until after about 10pm. So basically, in my mind, the later an offer is submitted in a hot market like this, the less likely it is of being accepted, especially since we can't afford to offer 50k-60k over asking. My wife, on the other hand, believes that it doesn't particularly matter when an offer is submitted as long as it's before the deadline. Since we're both new to home buying, I figured I'd ask here. So, what do you guys think? [link] [comments]  |
| Do rain gardens add value to a property? Posted: 08 Jun 2021 05:35 AM PDT My husband and I just finished a rain garden project since we live in a region with clay soil (hello, Maryland). We landscaped so the rain garden looks nice and it never has standing water. But I'm wondering if it adds value to a property? And by how much? [link] [comments]  |
| New HOA board trying to make neighbor remove fence. Posted: 07 Jun 2021 11:01 AM PDT Long story short New build community with the developer in charge of the HOA. Bylaws say no vinyl fence neighbor got a vinyl fence approved for vinyl fence, because they agreed to it when they bought the lot. The residents took over the HOA recently and a new provision basically states anything approved by the developer will need to be removed before the title is transferred. One neighbor says its illegal you can't make people remove things that were approved by the prior HOA. The new HOA says we can and we will. Who is right? [link] [comments]  |
| Termites found, we close in 3 days Posted: 07 Jun 2021 07:02 PM PDT First time homebuyer here. We are in contract with a home that has had a home inspection and a termite inspection done. It passed the home inspection just fine. The termite inspection showed no visible infestation BUT an area near the back door that could potentially be termite damage or water damage. At that point we hired a contractor to assess it and he wrote a letter to our lender stating that there is no structural damage to the home. He did call me to tell me "off the record" that he thinks we need to open up that area of the wall and fix it because there is water damage from the French doors. Fast forward to this week, the home owner saw two live termites in the area of concern. He called Terminix to come out and they also saw live termites. No pictures were taken, no report done, and it wasn't treated (weird). Terminix is now supposedly saying they can't even come back for another month because they are so backed up. The seller is having a full termite treatment with another company done on Thursday, a day before our closing, and we plan to do our final walk through while that termite company is there. So far no one has told us we shouldn't close, bc it seems like it might be minor? But my husband and I are wondering if we shouldn't request that the walls are opened up to see if and what the damage is. We will know more Thursday but that's so close to closing and I'm freaking out a little bc we are closing on the house we live in now on Friday as well. Any advice would be great. Thank you! [link] [comments]  |
| New construction house framing process seems unprofessionally made Posted: 07 Jun 2021 09:29 AM PDT I was in my pre-drywall meeting and I found broken beams, incorrectly placed nails, etc. The inspector from the construction company told me that was not a problem, because those beams weren't supporting any weight. My realtor also told me not to worry about it, because there will be multiple safety inspections. Should I dismiss those concerns? [link] [comments]  |
| Are garden level apartments in a city a bad idea to buy? Posted: 07 Jun 2021 04:46 PM PDT Some background: we're looking to buy in Hoboken, NJ and are obsessed with getting an apartment with a yard. We've seen a couple… several are duplexes (and sell pretty much immediately), but we're planning on putting an offer in on a garden level unit with a private (deeded) yard. Is this a dumb idea? Do garden level units have zero resale value, or does having a private backyard in a city change the equation? (Also - the home is not in a flood zone) [link] [comments]  |
| Sellers delaying closing date yet again Posted: 07 Jun 2021 01:32 PM PDT We were suppose to close last Friday, Jun 4, but our realtor called us on May 30 (Sun) to tell us that one of the sellers' sibling passed away in a drunk driving car accident in Florida, and the sellers have to pick up the sibling's two young kids. They would need more time to close on the house. We told them to let us know. Then there was dead silence until we asked our realtor on June 2 (Wed) if there is any update on a closing date. During that few days, I googled fatal car accidents in Florida, and I did not find anything that occurred in the early morning of May 30 (Sun). I found the sellers' realtor on Facebook, and she happened to tag the sellers on a post. I found the sellers' daughter's Facebook, and her posts suggest that they were in New Orleans on May 28 on route to Florida. They were also on a college tour on Jun 1. Is it normal for both realtors not to give an update for so long? We did not rush or hurry them. We just want to have a closing date. The sellers' realtor then replied to say the funeral is on Jun 4, and the sellers will be back to move. She is hoping and planning for closing on Jun 8. She had rescheduled movers for them to move their things to a rental on Jun 6 and 7. Well, we received a text from our realtor today to say that they are still struggling to clear the house. She asked if we want to delay closing or allow them to continue to move stuff out until a proposed time. We can take possession of all the belongings (legally but not enforceable). What the heck are we suppose to do as buyers? We do not want them to leave us a mess to clean up. They are definitely not the kind of people we want to deal with after closing either. We want a clean close date, and we are tired of the constant delays. Any ideas/tips/recommendations? Our realtor just keeps asking us what we want to do.. Right now, we moved the closing to Jun 10. Lastly, our bank sent us the closing cost for the house on Jun 4. Today, they sent us a different amount for the closing cost. It includes an additional real estate transaction fee of $350 to our realtor's broker that came from the title company. Is that normal? TLDR: Trying to buy a house in OK from sellers who are going through divorce. Sellers keep delaying closing. Any tips on how we can get them to close? [link] [comments]  |
| Is a house really “worth” as much as what it was sold for? Posted: 07 Jun 2021 04:29 PM PDT I was telling a friend how I thought a house in my neighborhood was overpaid for and they argued that the house is worth that much because someone bought it at that price. Comparing a house that closed a week after, I'm failing to see how the house (House A) was worth that much. Both these houses are in a planned neighborhood so they were built by the same builder in the same year and look pretty much the same from the curb. They also both have similar renovations/updates. House A is 4 bed 2.5 bath, 3000 sqft on a 9,000 sqft lot. It sold for 730k. House B sold a week later for 690. It has 4 bed and 3 baths, is 3300 sqft and is on a 19000 sqft lot. I'm failing to see how a smaller house on a lot that is half the size is worth 40k more than the house down the street that closed only a week later. Also how does this affect comps in the neighborhood for future appraisals? Will house A be treated as an outlier? [link] [comments]  |
| Posted: 07 Jun 2021 01:20 PM PDT It seems like a lot of new home builds in my area come with tiny yards. There's one community I've found that is selling for similar price per square foot as 30-40 year old homes in the in the area. The new houses are far nicer on the inside and much better layouts, and the older homes would need extensive remodeling to look as nice. I assume they are as expensive as older homes because of the tiny yards, whereas the older homes have generous front, side and backyards. Just guessing the new homes probably have 300 square feet or less of a backyard, and are probably as close together to one another as legally allowed in our area without being called a townhouse. I'm not buying right now, but when we do sell and buy next I would love to have one of the newer type of homes, but am wary of how small the space around the house is. Would you buy the brand new house with a small yard or an older one with a bigger one? Can anyone speak to what it's like to live in a newer home development with small yards? [link] [comments]  |
| Question on land subdivision as a part of sale Posted: 07 Jun 2021 11:00 PM PDT I am looking at a potential opportunity to buy a large parcel of land that i would like to use for a recreational purposes/logging income. Given that I may be a little over my head given the size and I have a friend who is interested in going in on the deal, my question is the following: Can we subdivide the land as a part of the sale ( he takes half.. i take the other) and finance each half individually? Also will this require platting? This is undeveloped land in the US. [link] [comments]  |
| Can I cancel my contract w realtor to buy for sale by owner Posted: 07 Jun 2021 01:59 PM PDT I have been working w a realtor since Sept last year to buy a house. She is my son's friends mom - part time newly licensed. Thought we would do her a favor and buy a house for her since seller pays the commission. Long story short three offers no house and recently she told us we had to sell our house to buy a new one to make our offer better. She is getting 5% on a house we could have easily sold ourselves in this hot market or 27k to split w other realtor. Today a house came on the market we like checks all the boxes and is in our price range. It is for sale by owner and the guy does not want to use a realtor. Can I cancel my contract? We have bought and sold many houses in fact two without a realtor. Her contract expires August. I don't think she will be kind and be like go for it I understand. In the beginning I told her if a for sale by owner came on the market or a foreclosure I don't want to be pigeon holed by her contract. I made it clear. How is best way to handle this. The guy will show us house on Monday. Our house is set to close June 18th. I have been looking for over a year with her. I made a big mistake using my son's best friend never again. Will only go with full time professional realtor next time. We need to be in the school system by September as it is we are moving temporarily to a place for the summer and we don't want to get desperate as time gets closer. Do we ask to cancel the contract? How are these situations handled? I have not been to happy with her as a realtor. She tries hard but she rubs me the wrong way and my husband alot. Just want to be done. [link] [comments]  |
| Help with landlord and maintenance guy? Posted: 07 Jun 2021 06:50 PM PDT Hoping for some advice. I went out to the parking lot of my complex and someone had lifted up my windshield wipers. Theres some new construction happening and the construction guys had clearly seen what happened but didn't say anything. Our lot is camera monitored so I texted the landlord to see if he could send me the tape of the day since it was evident someone messed with my car. Here's where it gets not ok - he texts me that it was him and the maintenance man. They pulled up my windshield wipers because they thought I parked in the wrong space so they did it to send a warning but they were mistaken and I didn't park in the wrong space so they apologize for the confusion. I wouldn't have found out any of this if I hadn't of asked for footage of the lot I just wanted to see who was messing with my car - no clue how I was supposed to know that was a message to move too different spot especially when I wasn't in the wrong spot to begin with. Is this normal? What can I do about these types of people? How should I navigate the course forward I just renewed my lease. TLDR: landlord and maintenance guy messed with my windshield wipers to send a message thinking I parked in the wrong parking spot but were wrong and apologized. How should I deal with these type of People? [link] [comments]  |
| ADVICE; Offer accepted on our dream home, Inspection findings cause concern Posted: 07 Jun 2021 05:54 AM PDT So our offer was accepted on literally our dream home. Private 8 acre lot in a beautiful area. Inspection was over the weekend and turns out, the water is "undrinkable" due to high levels of nitrate nitrogen. (To be clear the house has a well and septic and is located next to a farm). The sellers say that they will work with us to rectify this issue but we are nervous that even if they install some sort of filtration system, this would be a persistent issue for as long as we own the house. Has anyone dealt with anything like this before? We got some advice from someone with an environmental background and he basically recommended we walk away. Any advice reddit? [link] [comments]  |
| upfront work for work vs. potential scam? Posted: 07 Jun 2021 09:18 PM PDT How do you protect yourself against potential scammers that request upfront payment (whatever the amount- 1/3 or 1/2) for a project before they start? A painter I've never worked with before is requesting 1/2 upfront before he begins the work. The plumber and electrician for the same project did not request their payment until AFTER completion of work, which I paid promptly. I found all 3 on Craigslist (yes, I know what people might say...but I've had pretty good experiences with contractors that advertised off Craigslist so far.) Have you guys ever had a situation when you've paid upfront for a work? Or would you recommend finding another contractor from more reputable site for the job? Any inputs are appreciated. [link] [comments]  |
| Direct sale, no realtor. Who is saving? Posted: 07 Jun 2021 09:15 PM PDT If I buy directly from my landlord without a realtor, how do I think about the savings not spent on a realtor? Do we split the difference? Is my landlord the one saving? Who is the primary beneficent? [link] [comments]  |
| Posted: 07 Jun 2021 09:39 AM PDT We are third-time homebuyers, looking for a house we will live in for 20-50 years. We've been looking for a year and a half. Our market is hotter than normal, low inventory, but not completely crazy: like 1-5 offers on good houses, and they sell for list price +/- 10%. We've come across 4-5 houses we liked, thought seriously about, even had an offer accepted. But we have not been able to get through an offer and inspection period without backing out. No house will be perfect, but we keep getting hung up on, "Oh man, this place would be great if it....." Reasons we've talked ourselves out of houses: -too expensive -needed too much repair -was too far from family -too much traffic noise -foundation settling issues Well now that I have typed this all out, I see that those weren't exactly bad reasons to reject a house. We have remodeled before and I think we can see past things we know we can change. But we just can't find something that feels right, and I'm worried the problem is us! People who have bought and just felt great and sure about your choice the whole time: do you exist? Tell me your experience! Eta - No we're not making offers on all of these. We did go through with an offer that was accepted, and inspection revealed issues we actually weren't aware of when we offered. In hindsight, it was petty and probably shouldn't have stopped us. But (back to my real problem) we were so unsure already, that it was a straw that broke the camel - even though that was so far the best house we had seen. Mostly we analyze with spreadsheets, I draw up a floorplan to sketch out renovations we might make, I dream a little about living in the neighborhood, and then vacillate between "Yes, let's go for it!" and "No, we can do better," and end up not offering because we aren't sure enough. And then the next day I feel bad about it, but maybe it's not actually regret, and I'm just tired of looking. And no, I'm not hung up at all on finishes. I realize that nearly any house we buy will "need" cosmetic changes and we're prepared to deal those those. [link] [comments]  |
| Going under contract tonight. How it went. Can seller walk over me changing lender? Posted: 07 Jun 2021 04:48 PM PDT I've been looking since March in MD near DC. Offer 1: 450k list. Offered 475k. Sold for 476k (escalation to 503k) b/c buyer said they'd pay their own agent's fee, pay all taxes and recordation fees, waived inspection via pre-inspection and had a 50k appraisal gap. Not sure why the escalation didn't kick in according to Realtor.com Honestly, I blame my agent for losing this one. The house had an amazing new kitchen and was updated through and through. When going over the offer, she really didn't educate me on the market and instead we're discussing mickey mouse stuff that isn't going to fly in this market like whether I want a chimney inspection. I got up to speed fast after this one. Offer 2: 450k list. This was an ancient house. Like 1950s oven and kitchen. Offered 475k up to 490k. It sold for 520k with a crack disclosed in the foundation. I went with As-Is Inspection with Right to Terminate. No appraisal gap. Winning offer waived all inspections and contingencies. Offer 3: 450k list. I wanted this house. Loved the layout, loved that it was updated, near a park and backed up to woods. Offered 490k up to 525k. I went with As-Is Inspection with Right to Terminate. 25k Appraisal Gap. Don't know the sale price but I know winning bid waived appraisal gap and that was the key. I almost stopped looking after this disappointment. Offer 4: 525k list. Like this one quite a bit. I like the layout of #3 better, but this is a better size, better yard, better driveway, etc for my purposes, but I wasn't going to go nuts on price. I identified that it had been under contract twice. According to my agent, the first time financing fell through. The second time, the home inspection revealed a problem in the roof and the buyers walked. The listing agent said they replaced roof and sent us pictures of the process. There was another house that was similar to #3 that I also wanted, but it was in much worse condition. Pets, dirty carpet, scratch marks, etc. It felt gross just being in there, but it was listed at 450k so I thought I could be more aggressive in budget but it had the same deadline as House 4. So, I told my realtor to submit a list price offer on #3. As-Is Inspection with Right to Terminate, 25k Appraisal Gap. No escalation. And I needed to know in 24 hours or I was moving on to make an offer on another house. Got a counter today for 540k which I think is reasonable and we're under contract. So what's next? Inspection? Appraisal? Get the mortgage approved? My agent says the listing agent liked that I was using a "local" mortgage company but they're slightly higher on interest than someone like "Better Mortgage Broker." Can a seller walk over me changing the lender? Any other tips now that I'm under contract? [link] [comments]  |
| Preferred lender - scam or a benefit to the buyer ? Posted: 07 Jun 2021 04:34 PM PDT I have signed a purchasing agreement on a brand new build/brand new community. I already have my lender and a very good rate . However my builder says if I go towards the preferred lender, I would get 5k towards my closing cost . Which is around 6k. I'll end up paying just 1k out of pocket. I have filled in the application and waiting on the worksheet. Is there anything I should be aware or ? All I'll do is match the interest rate and go by the one who offers a lower rate . Is there anything else I should look into ? First time home buyer here :) [link] [comments]  |
| Posted: 07 Jun 2021 02:18 PM PDT i want to know how accurate Zillow is. just looked at what is still due on the house and what Zillow says it is worth and i am finally bellow what Zillow says. [link] [comments]  |
| Buying land in CO - realtor recs, pitfalls and favorite areas? Posted: 07 Jun 2021 07:59 PM PDT We're looking to buy land under $80K in the Rockies sometime in the next year (intend to build an A frame or modular home). We visited the Fairplay area and liked it quite a bit, and it seems like the Redhills lots nearby are reasonably priced. We've also looked into Grandby, Leadville, BV and Salida… any opinions on where else to look/favorite up and coming mountain towns and quality realtors that will be honest and help us from out of state? We've already noticed the big pitfall that is getting water/sewer/electricity to the lot line if it's far… but any other things we should look out for? TIA! [link] [comments]  |
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