Update 2.1: Previous home owner left furniture behind and wants to get it at their convenience [CA] Real Estate |
- Update 2.1: Previous home owner left furniture behind and wants to get it at their convenience [CA]
- 3 WORST MISTAKES I MADE AS A SELLER PLANNING MY MOVE OUT - DON'T LET THIS HAPPEN TO YOU!
- Update 2: Previous home owner left furniture behind and wants to get it at their convenience [CA]
- New house purchase. Should I change the locks?
- Levity in a tough market
- Our House isn’t Selling
- my dad died in an accident. now realtors keep texting me asking about his house. I'm not even the executor of the estate...?!
- How is it that people can afford houses right now?
- Just sold home and paid mortgage off, confirmed. Rocket still hit my bank account for mortgage payment, 10 days later (US)(AL)
- Selling: spruce it up or let it be?
- Questions to ask sellers AFTER buying?
- Success story and an appraisal question
- Couldn’t play the game… so I didn’t.
- Real Estate FOMO
- Please tell me I'm not going to lose this house because of $150 at a department store
- Stay or sell & downsize?
- Looking for advice: Is it safe to buy a house near a freeway if there is a “buffer” between it and the freeway?
- In high tax areas…SFH rents cheaper than buying?
- Opendoor canceling/terminating a contract?
- Buying an ADA condo?
- How Many Closing Costs Can Buyer Cover [CA]
- Raising sale price after a verbal agreement, unethical?
- Real Estate Exam
- Question about encroachment
- House sold in March 2021 and just hit the market again for $50k higher
| Update 2.1: Previous home owner left furniture behind and wants to get it at their convenience [CA] Posted: 11 Jun 2021 10:38 AM PDT Sorry, not trying to karmafarm, but thought it would be easier to make a new post than to individually reply to comments. For those who enjoy juicy bits and cake icing, through the entire duration of escrow, they were asking us if we want to buy the fridge. We did tell them that we have a pretty nice fridge already (which we do..we have a 10k built-in fridge we were going to use), and we didn't want to make an offer that could be conceived as insulting or disrespectful. When my agent first called me to inform me that we officially closed escrow and we've officially been recorded, she also informed me that the fridge was still in the house. This was about 3pm on Tuesday, the 8th. At this time, we made a final offer to buy the fridge for $2k and we'll take care of the other junk and let that be the end of everything, so we can all move on. The next morning on the 9th at 8am, the agent replied with a brief and blunt 'NO'. That's when we notified them that we want the fridge gone so we can move our own fridge in, and she agreed to have it removed by 12pm the following day. For those just following along, she scheduled movers to come sometime after 2pm the next day (stupid, I know), and she would call me when they arrive so I can let them in. No one came, no one called, contract breached, I have my beloved Freej, and she screwed the previous owners out of $2k [link] [comments]  |
| 3 WORST MISTAKES I MADE AS A SELLER PLANNING MY MOVE OUT - DON'T LET THIS HAPPEN TO YOU! Posted: 11 Jun 2021 04:21 PM PDT *This experience is exclusive to a couples that are planning on doing this on your own When my wife & I sold last November we had 30 days from contract to closing. 30 days to put this moving plan into action. Plenty of time I thought, I'm a smart guy. I'm in decent shape. I've done this before. Piece of cake. I'll plan this out like a pro! As closing day got closer & closer things started going haywire. Big time. Things I didn't expect. We made the deadline with about 20 minutes to spare before the new owner took possession and that last 48 hours was pure hell. When we were finally done that night and slammed down that door on our storage unit, my wife & I felt like we both got hit by a freight train. Then got up, dusted off, and got hit by another freight train. It should not have been this hard. We both did a fair amount of research with google and some credible sites for the best moving tips and his wasn't our first rodeo. None of my 3 worst mistakes on this move happened because I was being cheap and didn't want to spend a little extra money. I could have easily. These problems we encountered were unexpected. If I had known then what I know now we could have avoided a whole lot of pain. Both mental and physical. But we live and learn and it was all worth it! We are made it to the other side! I really hope someone might read this post and I can help them avoid the painful hardships my wife and I endured during this move. But most of all, more than anything, I WOULD LOVE IT IF SOMEONE READS THIS AND TELLS ME THEY MADE THE SAME MISTAKE SO I DON'T FEEL LIKE THE ONLY IDIOT! These are the 3 worst mistakes I made with my move out plan: 1) I did not rent my storage units far enough in advance Don't know if this is a problem everywhere but where I lived every large storage unit was sold out everywhere within 20 miles. I thought 30 days would be plenty of time to make a call and rent a big unit. It wasn't. There were waiting lists at every storage place for large units and by the time I finally got one I had about 8 days to get out. Why? Is this a problem in a lot of places? Is the storage unit shortage a new thing? I've rented big units a few times over the last 25 years and it was never a problem finding one. Now it is. We had to leave behind and give away some valuable things just because I just could not find the storage space to fit it. If you're lucky to find storage space and didn't procrastinate like I did, rent more space than you think you'll need. You're gonna need it. 2) I did not realize how much stuff we actually had in our house When wife & I moved in to this house 15 years ago we came with the basics. Hardly any furniture and maybe 12 medium size boxes and a few suitcases. 15 years later we are leaving with 74 boxes medium and large 7 giant GLAD trash bags filled with clothes because we ran out of boxes about 20 small boxes, and tons of furniture. The furniture we know about obviously but no idea we had so much stuff to fill over 74 big heavy boxes. Our perception how much stuff we actually had was way off because it's always hidden from view. With 3 weeks to go I bought 35 moving boxes at Home Depot and thought I was buying too many. Some people reading this will think this guy just procrastinated and waited until the last minute but NO! We thought 6-7 days just to pack everything in boxes was going to be more than enough time.
I guess when everything is slowly accumulated over the years and stored in it's proper place, and tucked away here & there you forget how much stuff you actually have. Because you never see it! And a lot of that stuff is crap you don't even want! But what can you do? Give it away? Nobody wants your crap! You don't even want your crap! And you can't leave it there. And you're running out of time! It's not even easy to throw it away because if your still doing your move in the last few days I guarantee every garbage can you have is going to be overflowing with the crap you could throw away. Garbage men only come once a week and it's not nice to leave your house to the buyer with all the garbage cans full in their new driveway. That's not nice. That's a dick move! And bad karma. First thing we wish we had done when we decided to sell was start getting rid of junk we don't really need. When you're packing up you're going to find most of the crap you forgot you had last. At the worst time to find it because you have no time to get rid of it. We bury the most worthless junk that we never use out of sight, out of mind. We all have a little bit of hoarder in us. And if you forgot you had it, you never really needed it. 3) Not as young as I used to be Hire help. In advance. Way in advance. When I moved in this house I was 38 When I was moving out I was 52 When I started the moving plan naturally I just starting thinking about my past experience moving in my life and what was involved. That the first thing you will think of too when the time comes. I moved quite a few times and it's a tough job but nothing I can't handle. I helped friends move too a few times. Back when NIRVANA was on top of the charts. It was no big deal. We moved a bunch of stuff and then have a few beers. Good times! I'm in pretty good shape and my wife is in great shape. She's ten years younger than me works out with her Pilates and Yoga everyday. We lifted everything in, we'll lift everything out. HOLY SHIT! Was I wrong about that! All the other times in my life I ever hauled my shit moving to a new place I was in my early 20's, late 20's, early 30's, late 30's. And I had a lot less shit to haul. But now I'm 52 and I've accumulated 10Xs more stuff than I had back in my younger days. So many heavy boxes and other stuff, one after another and another. Hour after hour, like 12+ hours non stop and you're running out of time. Then drive the Uhaul, then unload everything you just loaded and try to think where to cram everything so it fits in your storage space that's too small. Now lets move some beds and dressers and WAIT! I can't take it! Let's hire somebody to help us! Anybody! I'll pay them anything! But there's nobody to be found. Not on such short notice. I'm sure some there's some dudes out there somewhere that would love to make some good cash money right now helping us but no good way to find them last minute. I went to Craigslist. Nobody answers their phone. The 1 guy who did answer said sure, when? "Now!". He said, "Oh no man, I can't do in now. Maybe in 2 days" GET HELP! If you got a lot of stuff and you're a little older, hire some help way in advance. GET HELP even if your a little younger and you got too much stuff like us and a few hundred bucks won't break you. BETTER YET, never accumulate a bunch of crap that you don't really need in the first place! Just keep the good stuff. We could have afforded to hire professionals to do all the heavy lifting and I wish I did.We just convinced ourselves we could do it better and not break anything and it wouldn't be that hard. And then when we realized it, once were in way over our heads, it was too late to hire pro movers you'll rarely if never find them last minute. GOOD LUCK ON YOUR NEXT MOVE! THANK YOU AND GOOD NIGHT! ______________________________________________________________________________________________
NEVER ACCIDENTALLY STORE ANY FOOD IN YOUR STORAGE UNIT THAT IS NOT CANNED This was just an accident and nobody's fault. It was dark and late and we were exhausted. When we finally finished the move and locked up the storage unit, one of the boxes of food we had for the road trip got accidentally mixed in with the others in storage unit. When we came back a few months later - 420 mouse turds in our unit! (I counted them) [link] [comments]  |
| Update 2: Previous home owner left furniture behind and wants to get it at their convenience [CA] Posted: 10 Jun 2021 07:30 PM PDT Current situation Quick summary of where we're at for those just tuning in: I bought a home, the previous owners left a lot of junk, but among the junk is a $4k+ new refrigerator. Their expectation was to come into my home to get their fridge at the convenience. The sellers are on vacation and are currently represented by their agent. We gave the agent an additional 26 hours- Wednesday 10am to Thursday (today) until 12pm. The agent informed us that she scheduled movers for today at 2pm (...right?!?!). Currently: I stayed at the house from 8am to 12pm, and of course, no one showed up or contacted me. I made a video of the time and date of me leaving at about 12:05pm documenting that I was there, no one came, so therefore, the agreement was breached on their end. I double checked her e-mail to me and she said movers would be here AFTER 2pm, which still violates the contract anyway, so it didn't matter too much, but I want to make sure I have my bases covered. I waited until now to to post the update (currently 7:25pm PST). I've yet to receive word from anyone that movers were coming to retrieve their (my) belongings. So the TV and Fridge (now named Freej) is now in my possession. My agent is scheduling a junk company to remove said junk and will be sending the other agent the invoice. My agent is also scheduling carpet cleaners and a repairman for services and will also be sending the invoice to the other agent; the previous owners made absolutely no attempt to clean up and it's VERY evident. At this point, the situation is legally done. Neither my agent or I will be responding to any calls, texts, or e-mails on this matter, and any interaction between us and them will only be what is mandatory if they try to proceed litigation. My lawyer friend says we got all our bases covered and we're fine and dandy! I'll post an additional update if there are any changes our aforementioned plan, or if there are any other exciting happenings! Thank you all for your emotional energy and support! [link] [comments]  |
| New house purchase. Should I change the locks? Posted: 11 Jun 2021 06:25 AM PDT Hello, I'm about to close on a house. Is it normal / common to change the locks on all the doors / windows after buying? Its a big cost and I'm not sure if its necessary or if there would be any insurance issues if I did not and a theft happened. [link] [comments]  |
| Posted: 11 Jun 2021 11:13 AM PDT This is the text the sellers Realtor put in the MLS for a condo at over 2M- not kidding " Enjoy Large Lagoon Poo - included with ownership" Thank you illiterate soul for making me laugh so hard I cried and acting like I'm 12 by sending this description out to my colleagues! (I did not use the listors name) [link] [comments]  |
| Posted: 11 Jun 2021 09:02 AM PDT Ok our house was built 2017 it's beautiful well cared for and Gold Certified Green home. $8 a month electric bill in the dead of winter to prove it. Feedback is the third bedroom has separate entrance—it is the builders most popular model/design because you can rent for extra income, mother-in-law, or great for teenager. We think it looks great but what do we know—right. Should we stage it? Lower the price? Both? And I don't think it is a good idea to stage until after the July 4th holiday. I know nothing about Real Estate so I'm open to all advice. Shocked in this market we thought we'd have a different outcome. It is outside Albuquerque New Mexico so it is on the high end for the area. Thank you everyone [link] [comments]  |
| Posted: 10 Jun 2021 06:39 PM PDT my dad died in a plane crash in early April. his brother, my uncle, is the executor of the estate. but for the last few weeks, I've been getting texts AND calls that say some version of "hi (my name), I found your number in county district court records. I'm wondering if you're planning to do anything with the property at (dad's address). I'm looking for a property for myself." then when I look them up, they're real estate agents who flip properties. I'm so appalled by this practice and am also extremely annoyed. have y'all ever heard of this? any advice on how I can get it to stop edit: while I understand why y'all feel like offering ways to get back at them might be helpful, it's super not. I don't have the time or energy to employ a dozen creative ways to fuck with a dozen shitty realtors. my question is how do I get it to stop? not how do I make them feel bad about their decisions? every time one of these people contacts me, it's like getting a text or a call that might as well just say HEY! REMEMBER HOW YOUR DAD JUST DIED? HE'S DEAD NOW! YOUR DAD IS DEAD! my goal isn't to pull some epic clapback, it's to simply be left alone. [link] [comments]  |
| How is it that people can afford houses right now? Posted: 11 Jun 2021 05:17 AM PDT I'm in Michigan, I have a credit score of 755, and I graduated with a BSE in Computer Engineering and got hired last November as a full time Electrical Engineer. I'd like to keep it vague for the sake of my privacy but I make between 60-70K per year. I've got 30K in my bank account right now and my pre-qualification is in the works. I just met with my realtor yesterday for the first time and we talked about budget, what I want, etc. etc. I feel I can't afford to buy a house. I understand the market is crazier than its ever been right now and a lot of people feel that way, and I won't drone on and on about prices and things because we all already know, but... If I am a degreed engineer and I can't afford to buy a house, then where the hell are all these people getting all this money to bid over asking prices? Maybe I'm just stingier than other people (my budget is 250K) but I can't fathom how home prices are going up and are forecast to continue to go up when houses cost so much already. Especially when you start thinking unemployment rates, etc. etc. I mean, the median individual income in Michigan is less than half of what I make but houses are being sold at prices I can't afford. How does that make any amount of sense? [link] [comments]  |
| Posted: 11 Jun 2021 08:27 AM PDT So, here goes. We closed on the sale of our home on May 28, in the afternoon hours. I received notification from my realtor that all was well, and received an auto-email from Rocket on 6/02 that it was paid, and made a call to them to recover monies held in escrow, and adjust address, etc. All seemed well. Today, open my bank account, and there's a mortgage payment deducted. Uggh. Made a call to them, and was informed that the mortgage was showing as "current" on 6/01, and that an autopay was scheduled, and deducted. Now, the bank account I use is actually a Fidelity brokerage account (non-IRA). Been this way for 5-6 years now. I made a rather large deposit in the account on Tuesday 6/1, and that deposit was in hold (T+3) until Saturday 6/05. This week, I did more clean up of my finances, deducting bills from the account, paying off a host of small bills I had remaining. Then, this morning, I'm informed that the original "auto pay" scheduled for the 1st of every month was still processed, but Chase bank, who Rocket clears through, had it returned for NSF on that day, so they go back and try again 10 days later. What I don't understand is why Rocket didn't oversee cancelling that auto pay, once the mortgage shows as paid in full? Rocket has promised, through yet another phone call this morning, to ACH the funds back to me, and the escrow dollars are being issued to be via paper check (confused why they can't just put that straight into the bank account as well, but, whatever). I had no issue with Rocket throughout my time with them servicing the mortgage. But, a $1300 hiccup in anyone's bank account is noticeable, unexpected, and expensive. Further, because I use a brokerage account, I'm expecting that ACH back in to be subjected to the T+3 rules again, meaning I won't have access to the funds until NEXT Saturday, the 19th. Ugghhh. Thanks for reading. Nothing else can be done at this point, and it's just going to be a lesson in shutting off or not signing up for all of these auto-pay transactions in the future. [link] [comments]  |
| Selling: spruce it up or let it be? Posted: 11 Jun 2021 01:09 PM PDT We're planning to put our house on the market in about a month. Overall everything is in working order but there are some cosmetic items we are thinking about buttoning up. We just had a contractor out to bid out drywall work and he recommended painting the whole interior because there are so many little drywall touch ups. He estimated it will take 2 weeks for everything. No price estimate yet. At this point it seems like a huge hassle to have a crew in our house for 2 weeks doing all of this work and I'm wondering if it is worth in the end to do the work or if we just put it on the market as is? Some background: married, one toddler, one baby. Living in house when it goes on market and asking for 60 day lease back contingency. [link] [comments]  |
| Questions to ask sellers AFTER buying? Posted: 11 Jun 2021 02:22 PM PDT Our condition-free offer was accepted and now my fiancé and I close on our first home in just over 2 months. Over the weekend, we'll be visiting the house and the sellers offered to meet with us to show us some things (which we accepted). I was just wondering if there are any questions that I should have prepared to ask them about the property? It's the first time buying for the both of us, so we're really new to the process and what information we need as homeowners. In terms of property information - it's a 30-ish year old semi-detached house. Through the listing, we know about some of the recent renovations they've already undertaken (roofing, garage door replacement, furnace replacement, room renovations). Any help would be greatly appreciated! [link] [comments]  |
| Success story and an appraisal question Posted: 11 Jun 2021 03:31 PM PDT We live in Midwest. Three kids. 125k income. Bought our first house in 2010 for 250k. Sold it this April for 530. So thankful for that wonderful place. Allowed us this opportunity. Sellers just accepted our offer on dream home. Perfect neighborhood. Beautiful house and yard. Asking 590k, we got it for 620. There were two other offers. We waived an inspection since it is only 11 years old and in great shape. Our realtor was an inspector. He went through it for two hours the day after we saw it. Minor cosmetic fixes. We can afford this house due to that lovely place we bought in 2010. Funny how life works. Our lender gave us an appraisal waiver since we are putting nearly 40% down. Monthly payment is basically the same as our last house but much, much nicer spot. Rambling gets me to the question: Is there any negative or positive to us not having the house appraised? We definitely think it is worth close to what we paid. Maybe a bit under but we plan it to be our forever home. [link] [comments]  |
| Couldn’t play the game… so I didn’t. Posted: 10 Jun 2021 07:13 PM PDT Sorry for the vague title, but no better way to say it. My wife and I have been trying to buy a home since November. We lost out 7 times to all cash offers, 7 day closings, 100k over asking and one home was only accepting offers with no contingencies. I was depressed, angry and losing hope. I got sick of waiting to see what comes on the market only to lose it without even being told I lost it. I was about to quit and sign a year lease on a rental, but I decided to not play the game and bypass the MLS system all together. I asked friends, posted on Next door and almost started writing letters to potential sellers. I started seeing homes before they were on sale as a result and found out our best friends next door neighbors were moving out. I approached the owner and made a driveway deal without my realtor. Got him involved after the deal was accepted. 30 day close just finished and it never hit the open market. Keep up hope, the market will cool and you will find the right home. Thanks for all the support and entertainment on this subreddit. [link] [comments]  |
| Posted: 11 Jun 2021 10:54 AM PDT My husband and I currently own a townhome in a larger Midwest city. We love our location and the townhome works for us financially, geographically, and space-wise for now. However, in the 5 years since we bought, things have gone crazy. We know we eventually want a single family home. We are afraid of getting priced out in the future due to inflation, but also know the market is insane. I don't want to give up something good because of Fear of missing out (fomo) but I also don't want to look back in two years and regret not sizing up and building equity. I know no one has a market magic ball , but any advice you have would be appreciated. [link] [comments]  |
| Please tell me I'm not going to lose this house because of $150 at a department store Posted: 11 Jun 2021 08:09 AM PDT FFS. So, backstory: we had all but given up on getting a house in this market. Had a short vacation, needed some dresses, got a nice discount at (dept store) if I signed up for a credit card. Got the receipt fhey give you with card number to use til you get actual card. Misplaced it. No big deal, called the automated line and paid the bill that way. Wouldn't you know it, 2 weeks later WE have a seller reach out to us cuz financing fell thru for last buyer. We are under contract! All is going great, they want to close asap. I have been so good about being on top of all documents etc. Underwriting sends me the doc with credit questions, one of them is the dept store credit card. I put my explanation, say paid in full. They need a statement showing paid in full. Problem is I can't create the online acct to pull the statement without the card, which credit card peeps won't give me over the phone. I let my lender contact know all of this, am waiting for response. I did send checking acct activity that showed payment. Am I screwed? Will this delay this for a really long time. Dept store is sending card but could be 7 days. They are also sending me some informal email saying balance is paid. Edit: my loan officer is telling me to cool my jets, it's no big deal. They'll do a conference call or something. Sorry guys, I'm a worrier! Thanks for the comments! Word to the wise, don't lose any receipts like my dumb ass did! [link] [comments]  |
| Posted: 11 Jun 2021 05:39 PM PDT Not sure if this is the place to post it. But just wanted to see if anyone has any opinion or similar experiences as us. We live in a 1970s, 0.34 acres, 4 beds, 2 baths, sunroom, in ground pool, 2 car garage, huge driveway house in New England. There's only me, husband and our dog. It feels a bit too big just for the 3 of us. So we are thinking of downsizing to May be a townhouse or duplex. We owe around 7k in mortgage, the house is about 450k. We met with a realtor just out of curiosity. started decluttering the house and everything and we're thinking are we crazy, selling this house with a huge living room with brick wall, sunroom, pool etc, to find a place to live that is smaller, less privacy n unknown neighbors. Major reasons we wanna move: 1. Seems too big for 2 ppl 2. House is old, will need lots of fixing 3. New houses have modern updates etc, ready to move in 4. May potentially keep 30-50k after selling & expenses What are your experiences with downsizing? Any regrets? [link] [comments]  |
| Posted: 11 Jun 2021 01:50 PM PDT I'm looking at a townhouse that is close to a freeway. However, there is another row of townhouses between it and the freeway. Noise is not an issue, but I am concerned about pollution since studies show that there are more carcinogenic microparticles near freeways. Is it possible that having a set of houses between this one and the freeway would help block those pollutants? Or is that just wishful thinking? [link] [comments]  |
| In high tax areas…SFH rents cheaper than buying? Posted: 11 Jun 2021 06:53 AM PDT I'm in TX where property taxes and HOA and home insurance are all really expensive. I've been bidding on homes and calculating the all in monthly cost on various sales prices. Recently I've noticed a couple single family homes list for rent with monthly payments that are actually $100-200 a month cheaper than if you bought that house today for current market value. I realize many of these people listing the rentals bought these homes years ago and these rent payments are WAY higher than their own mortgage payments, but still, historically I've always felt like rents were NEVER a better deal monthly payment wise than buying a similar sized home in the same condition. Am I missing something? Are people bidding up the rental payments too so these are just like "list prices" to entice a rental bidding war? If not, it makes way more sense to rent. I can keep my appraisal gap cash earning me good returns while I wait and see where the market goes [link] [comments]  |
| Opendoor canceling/terminating a contract? Posted: 11 Jun 2021 05:24 PM PDT I have an offer from Opendoor and I was considering the latest possible closing date since I have tenants and want to keep collecting rent for a few months. Does this put my sale at risk in any way? Has anybody heard of Opendoor canceling/terminating a contract ever? Either during the due diligence (10day) or after the due diligence is over? I just don't want to compromise their offer. Thanks! [link] [comments]  |
| Posted: 11 Jun 2021 05:18 PM PDT First time homebuyer here purchasing a condo! The condo is ADA equipped, but really all that means is 36 inch door way and I believe some configuration to allow for blind/deaf. Standard doors are like 30-32 inch doorway. How is this going to affect resale? It doesn't seem like a big deal to me… However, I'm not obligated to keep it ADA am I? Can I legally purchase this and the wheelchair parking spot that comes with it? I have no disability and feel kinda bad having the handicap spot right next to the elevator.. [link] [comments]  |
| How Many Closing Costs Can Buyer Cover [CA] Posted: 11 Jun 2021 05:06 PM PDT As the title suggests, I was just wondering how many closing costs a buyer might be able to cover to sweeten an offer, specifically in California. Are they able to cover everything or do laws not permit this? Seems like a possible way to compete against slightly higher offers without increasing the loan amount or tax assessment, but maybe it's not allowed or not looked favorably upon? Is there anything else that buyers may be able to legally offer (already aware of rent-back) other than just a higher price? [link] [comments]  |
| Raising sale price after a verbal agreement, unethical? Posted: 11 Jun 2021 04:51 PM PDT Odd thing happened today. I own a share in a housing cooperative property (manufactured home.) I bought it about seven years ago at a tax deed sale, but haven't lived on the property in about three years after I got married. It was a fixer-upper when I bought it, and it is still a fixer-upper. The condition of the property is poor, better than when I bought it, but poor. Besides the property itself, the co-op is well funded with low co-op fees and in a desirable area. I've been watching property prices rise in the area and decided to have a realtor look at the property to get an idea of what I could sell it for and then possibly list it. Our current home is in contract because we are moving out of the area and I was willing to lose some of the value in order to move the co-op property quicker. I reached out to a realtor that lives in the co-op community who often is the realtor for shareholders who are selling, she knows the market and is able to navigate the co-op requirements. She came out and we walked the property and afterward she asked me what I was thinking of selling it for. I told her I really didn't know, she threw out a number that was really quite low. I told her I wouldn't take that for it. Then she said, that she, the realtor, was interested in buying it from me, would pay in cash, wouldn't do an inspection and we could close by the end of the month. She asked what I would accept and I countered, having to come up with numbers on the spot. We settled on a number that I was reasonably satisfied with, taking into account that I would sell to someone who wouldn't need to be approved by the co-op board, would pay in cash and wouldn't do inspections even though I knew I was leaving some money on the table. We verbally agreed and she said she would send over the paperwork tonight. Afterward I went to my former next door neighbor's co-op, he is a retiree who used to invest in real estate. When I told him about my plans to sell, he felt like I was leaving far too much money on the table. He pointed out that one of our neighbors is selling his place for a 23% higher price than mine, As Is, and it is in horrible shape. But, that home is not getting much interest online when everything in our area is selling quickly. He said that I should be listing for a little lower than the price of the other home. My talk with my neighbor now has me concerned. After I got home, I looked over the contract. I am going to ask her to pay for the owner's policy and charges. But part of me thinks I should increase the sale price, but I feel like because we made a verbal agreement, that that will cause offense and be unethical. [link] [comments]  |
| Posted: 11 Jun 2021 04:32 PM PDT I got three weeks till my real estate exam (Illinois) do you guys recommend any practice test that would help me ? [link] [comments]  |
| Posted: 11 Jun 2021 03:52 PM PDT Hi all, so my wife and I are building our first house. We've been really excited throughout this whole process as we didn't think that we would be able to build with an FHA loan let alone get a house in this market. A few days ago, there was a survey done on the property and they discovered that our neighbors had placed a fence about 5.5ft over the property line. Now, this house is being built on a previously undeveloped strip of land in Columbus Ohio, if that matters, and we don't really know how this is going to impact us closing. Because we are using an FHA loan, do we have to deal with this before we can close? [link] [comments]  |
| House sold in March 2021 and just hit the market again for $50k higher Posted: 11 Jun 2021 03:50 PM PDT I noticed this house because I was interested in buying it. Zillow says it was sold on 3/13/2021. Today it just hit the market again for $50k more ($350k). Was it a flip? The house looked okay from when I saw the inside and outside, but I'm no inspector. [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