Evictions to hit 750,000 households, Goldman says Real Estate |
- Evictions to hit 750,000 households, Goldman says
- I am now convinced these “price reductions” are mainly delusional people coming back to reality.
- Newly built apartments: what’s the deal?
- I am having trouble selling my house in a hot marker
- New construction SFH. Should we have chosen tankless gas water heater over standard electric heat pump water heater?
- Vacant family property. Not sure what to do with it...
- My neighbor's house is up for sheriff's auction. What should I know? (PA)
- Tired of hearing rumors about housing and videos with no sources listed? Here's the St. Louis Fed with all the nationwide housing data they track.
- Real Estate Agent or Real Estate Attorney?
- Heads up on dropping inspection contingency
- First time home buyer
- Liable for contingent repairs after closing?
- Are market prices really THAT crazy? Or is it the competition that's crazy?
- Closing on home sale Sept 30. Do I need to make the Oct payment?
- Who owns the land?
- Insurance Inspector Killed my Leopard Gecko
- Does someone need Property Investor Rental Management software nowadays? ��
- 2 Separate Lots
- Are conforming limits for zip codes redlining?
- Townhome common area Main Sewage Line replacement: big issue?
- Unconditional Lien Waiver
- Could I live in a warehouse?
- Looking to buy around Charlotte, NC
- First time homebuyers! Our attorney says run but our inspector says stay.
| Evictions to hit 750,000 households, Goldman says Posted: 30 Aug 2021 04:14 PM PDT About 750,000 renter households will likely lose their homes this year after the Supreme Court blocked the federal eviction moratorium, according to Goldman Sachs economists. Analysts at the investment bank estimate that tenants owe between $12 billion and $17 billion to landlords as Covid-19 cases surge, with about 2.5 million to 3.5 million households behind on rent. https://www.politico.com/news/2021/08/30/evictions-to-hit-750-000-households-goldman-says-507575 [link] [comments]  |
| I am now convinced these “price reductions” are mainly delusional people coming back to reality. Posted: 30 Aug 2021 10:30 AM PDT I can't tell you how many properties I see coming on the market that are so wildly overpriced (even in this still hit market) it is mind boggling. These people are like 3 months behind on market, watch entirely too much corporate media, and are overruling realtors a lot of the time on price. I will sometimes call and inquire and it is the same story almost every time…I tried to tell them this price is laughably high but they won't listen. Eventually they do, but not until a month with zero activity because you think you hit the lottery owning a house, and want an equivalent payout. I just looked at one today that was reduced from 349 to 319 ( I mean what is a small 10% reduction among friends) and priced PSF 25% above the comps. Average condition, needs 2 new bathrooms and a kitchen. [link] [comments]  |
| Newly built apartments: what’s the deal? Posted: 30 Aug 2021 10:54 PM PDT Something I've noticed, new apartments in the past 5 years tend to be built with incredibly low standards. Very thin walls / windows that aren't insulated. Modern finishes that seem nice at first but wear and tear extremely fast. I had an apartment built in like 1987 that was by far the most insulated apartment I've lived in. Why has the bar dropped so much? [link] [comments]  |
| I am having trouble selling my house in a hot marker Posted: 31 Aug 2021 12:43 AM PDT My wife and I are in what is a hot market for basically all the houses. Have a bad house? Throw it up and get offers same day. Well, except for when it comes to our house. We did get an offer day 1 by a couple that offered before seeing it. The realtor suggested they come see it first, they did and then rescinded the offer with the excuse of "something came up". We have solar panels, normally this is a big positive except they're basically being included in the house. There is a big metal telephone pole near the back of our house, apparently plenty of people have said it's an issue for them. Nothing I can do there but reduce the price if needed, and maybe thats just needed? Here are the most obvious issues: We have 2 dogs and we haven't moved out, so there is a dog smell in the house. We are partly moved out, most of the house is bare and clean but the garage and main bedroom closet are cluttered. We are moving out of the house completely in 3 days so it will be totally empty once we leave. One of the drawers is missing a handle knob in the kitchen , no one has said anything but I wonder if this is an issue. I'd have to replace all of the knobs though, which is potentially worth it if that's what's causing people to say no. The bathroom drawers don't have any handles but also have no holes in them. The cabinets were new when we got them and I never bothered to drill them and put knobs on. Could knobs make a difference? Should I take a moment and drill them and put knobs in? We have pendant lights and a chandelier. They're a bit rustic with rope and Edison lights. I would imagine they're a bit of a specific flavor that might not stand out as a positive. Should I replace them or just take them down? [link] [comments]  |
| Posted: 30 Aug 2021 07:04 PM PDT Currently locked into a new construction SFH that comes with a new 65-gal electric heat pump water heater. Location is in garage. House is to be completed next year. Builder offered "tankless gas" upgrade for $1,400. We declined since we wanted to save money. We also figured that our usage and size (~1900 sq ft, 4 bd, 2.5 bath) would suffice and that hot water wouldn't be much of an issue. Aside from the tankless gas saving up space, we're questioning whether we should have upgraded or not. We have no kids (just us two mostly), so we figured we wouldn't be utilizing that much water. We're wondering about the following:
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| Vacant family property. Not sure what to do with it... Posted: 30 Aug 2021 09:21 PM PDT For the past 5 years, I have been paying taxes on a house that belonged to my grandparents. It has basically stayed vacant and I am only able to get to that city a few times a year to check on it. I do pay neighbors to cut the grass throughout the spring and summer time as well as check in on it. I would like to fix it up and potentially give it to other family members who are struggling (or rent for a "low price"). Basically, I'm trying to figure out what should my next steps be to make the house "livable" again? I would love to hear some thoughts on this. [Also feel free to make fun of me for being sentimental in keeping this property to begin with :)] [link] [comments]  |
| My neighbor's house is up for sheriff's auction. What should I know? (PA) Posted: 30 Aug 2021 06:36 PM PDT I know absolutely nothing about real estate or about sheriff's sales. I know nothing about the condition of her home besides what I can see. We live in a low-cost area with lots of OLD homes (some are 100 years old). I'm hoping i can get in there cheap. But, I just don't know if there's any hidden fees or hoops to jump through. Do I have to anything special to get into the auction? Is there etiquette to bidding on it I would also assume the liens come with the property, right? So, how would I know how much that is? Am I right in assuming it wouldn't be up for sale in this situation if there weren't liens? Is there any precautions I should take? [link] [comments]  |
| Posted: 30 Aug 2021 07:28 AM PDT |
| Real Estate Agent or Real Estate Attorney? Posted: 30 Aug 2021 06:57 PM PDT What's the difference between the two? My neighbor is selling his property and is willing to seel to me before he puts it on the market. If I'm buying directly from the owner which of the 2 professionals do you suggest and why? I want the 5 acres, but I don't know the market very well since our street is mainly mobile home owners with a few houses. So far the values appreciated in this small town due to the Carr fire. Edit to add: in interested in the property because 5 acres of land is great to have in this agriculture town and I'd purchase WITH the mobile home, not seperately. [link] [comments]  |
| Heads up on dropping inspection contingency Posted: 30 Aug 2021 09:08 AM PDT Here in the Bay Area, the sellers almost always provide a home inspection, which leads many people to drop inspection contingency to be more competitive. Not here to debate the wisdom :) However, if you drop the inspection and don't have a buyers inspection, some insurance agencies might deny your application for home insurance. Just happened to me, and I was told this is new in the last year or so. [link] [comments]  |
| Posted: 30 Aug 2021 11:52 PM PDT I'm a first time home buyer, still looking for a house to buy. My realtor has taken me to look at several houses, and a couple days ago, I went to a house that was very nice but not in the best area (the house was renovated) Anyways, they listed the house for $218k. This is the first time I ever put an offer on a house, I told my realtor I could do $206k. He went home to do paperwork, and then called me and was asking me how much I wanted to pay for due diligence and earnest money? He told me that makes the sellers know that i'm serious about buying the house. He said if they end up taking my offer and my DD and earnest money, and inspection and everything went well, I would get the money back as a credit when buying the house. BUT if let's say something in inspection went very wrong and I didn't want to buy the house anymore, the sellers would keep the DD money and the earnest money. Is this a normal thing? I never seen anyone on here talking about that stuff. This is my first time putting an offer on a house. Also any tips when buying a house would be much appreciated! [link] [comments]  |
| Liable for contingent repairs after closing? Posted: 30 Aug 2021 09:38 PM PDT If the closing on a single family home was contingent upon repairs being made but the title was transferred and the sale completed without those repairs is the seller liable to complete them? US state of Oregon, seller and the buyer were both represented by different licensed Realtors. [link] [comments]  |
| Are market prices really THAT crazy? Or is it the competition that's crazy? Posted: 30 Aug 2021 06:38 AM PDT Are houses overvalued at market price, or is the crazy part that people are paying well above asking prices? The reason I ask is because I'm FINALLY in a good financial situation to go house hunting, but I keep hearing/reading how now is a terrible time to buy a home and the prices will depreciate, etc. I'm just afraid of buying a home and it's value going down 20k-30k+ and putting me in a hole, but I've been saving up for years now and feel financially ready. I'm so torn on what to do because I want to finally move to the next chapter of my life, but I'm not sure if the timing is actually terrible or just overly dramatized. Edit: since the 10k+ is being way overanalyzed, I've changed it to a more reasonable number. [link] [comments]  |
| Closing on home sale Sept 30. Do I need to make the Oct payment? Posted: 30 Aug 2021 07:49 PM PDT Title says it all. I'm closing on the sale of my home the last day of September. I'm assuming the payoff will be based on that date and thus would cover the October payment. I'm also assuming that payoff will settle before the grace period expires on October 16. Any reason I should make the October payment? [link] [comments]  |
| Posted: 30 Aug 2021 03:47 PM PDT Just watched a video about the Colorado river and how much the water levels are down. Hypothetically if a lake dried up or the shore moved back 100 feet, who owns the new waterfront property? I assume it's the city or state but am curious. Also, are there examples of the happening anywhere? [link] [comments]  |
| Insurance Inspector Killed my Leopard Gecko Posted: 30 Aug 2021 06:55 PM PDT I rent my home and recently while i was out of the house someone came in to do an insurance inspection. My garage was renovated into an extra room a while back and that's where I keep my gecko, on an elevated shelf (I have cats). I don't open the garage door because it hits the lights that were installed and the shelf my geckos cage sits on. When I came home, it was obvious that they had opened the door as several lights were broken, but my horror when i realized the top of my geckos cage was completely broken. In the time it took for me to get back home my gecko had escaped and the man left the entrance door to the garage ajar so my gecko is gone. My question is how he can just leave everything like that & then have the nerve to still leave a card. My 2 year old gecko is dead because of this man and I need to know what I can do so he doesn't do this to someone else. [link] [comments]  |
| Does someone need Property Investor Rental Management software nowadays? �� Posted: 30 Aug 2021 11:46 PM PDT I wonder if someone needs property investor rental management software nowadays? I have my own property are currently on rental, but I'm not sure why are people reaching me for introducing software even though I only have one investment property. 😂 Anyone can enlighten me what's the benefit of having it? [link] [comments]  |
| Posted: 30 Aug 2021 07:32 PM PDT Hi guys. I'm looking at a property that includes 2 separate adjoining 1 acre lots. 1 acre has a sfh, the other is vacant. The sfh needs some very minor cosmetics but based on my preliminary research it should appraise for their asking price as is (i plan to offer lower). This will be conventional financing. The listing for the property had minimal info & pictures were terrible. DOM is 60+. I'd like to exclude the second vacant lot from the mortgage and acquire it from the seller for a nominal amount. How can I broach this conversation, any tips / tactics? Thanks! [link] [comments]  |
| Are conforming limits for zip codes redlining? Posted: 30 Aug 2021 11:06 PM PDT I feel like there are strong arguments for both sides here. [link] [comments]  |
| Townhome common area Main Sewage Line replacement: big issue? Posted: 30 Aug 2021 01:51 PM PDT Dear reddit community, I came across a townhome that looks good but has an issue that I am not sure how serious it is. Basically the common area Main Sewage Line is cracked, tree roots grew into it, which causes dirty water overspill into the unit, making the restrooms unusable. This unit is the closest to the pipe so is affected the most. This happened once last summer and again this summer. I guess this is the reason the seller is selling under purchase price. Must be really unpleasant. Now, the HOA has just approved the repair plan on August 10, according to the email communications in the disclosure. The plan is to replace Main Sewage Line pipe since its cracked. However, the HOA seems a bit unresponsive. Takes 2 months and multiple follow up emails from the original owner to get reimbursed for $500 repair fee. The actual fixing process hasn't get started. If I buy the unit probably I'll be the one to drive the effort. I am wondering if I purchase the home, how much trouble in terms of time / money am I getting myself into? I am considering whether to put a low ball offer, or just avoid it and move on. This home is listed 50k below the purchase price in 2018, not accounting for the money they put into renovating the kitchen and bath. It's a 1.1m home in downtown MTV, you can probably find the listing from information I provided :) Thanks! [link] [comments]  |
| Posted: 30 Aug 2021 06:48 PM PDT Is there anyone with resources/attorneys who are familiar with unconditional lien waivers I am a homeowner/business owner looking to remove a faulty mechanics lien [link] [comments]  |
| Posted: 30 Aug 2021 10:28 PM PDT Can I buy a warehouse that I'll use for various things for business and live there? [link] [comments]  |
| Looking to buy around Charlotte, NC Posted: 30 Aug 2021 12:30 PM PDT Been poking around the market in the Charlotte. NC area (30-45 minutes outside of the city) The prices have gone up easily 20%-35% over the past year and they are ...slowly coming down? It sucks, I'm not trying to spend my entire budget on a down payment. [link] [comments]  |
| First time homebuyers! Our attorney says run but our inspector says stay. Posted: 30 Aug 2021 03:56 PM PDT Hello everyone, we're first time home buyers and the main issue our inspector found was that someone had cut into the attic trusses to create space for storage. We requested the sellers fix it, and they did. They had a professional contractor come in and put up a retaining wall. Our inspector took a look at it and said it looks good. However, he's not a SE nor did they hire one so I was wondering what y'all thought. They only cut a few of the rafters and have put a wall spanning the whole part where it's been cut. Other than that the house is in great shape just needs some minor repairs. [link] [comments]  |
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