A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back Real Estate |
- A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back
- White House to unveil steps aimed at easing housing supply shortage
- Redditors who moved from a HCOL area to a M/LCOL area to work remotely, how did you decide where to move to?
- Boston's Acting Mayor announces eviction moratorium in Boston, in wake of Supreme Court ruling
- PSA: Anyone can submit a “Cash Offer” with Cash Offer Financing
- Very different recommended list price from two realtors
- Any first time homebuyers regret their recent purchase?
- Landlords who have and have not been affected by the moratorium. Could you please explain something?
- Feeling very discouraged as a FTHB
- Cons to renting out first home purchase until ready to move?
- Those that have sold their home within 5 years, please share your stories
- Bought a home through an estate, estate sold contents to a 3rd party, what happens if I get keys and stuff is still there?
- Just bought my first home in Sonoma County California!
- We just paid for a home appraisal. Does this mean the loan is likely approved?
- Bay Area townhome vs condos: which would you rather ..?
- Why should I not buy if I know I'm leaving in three years?
- 401k loan vs Traditional Loan
- iBuyers coming down in price
- What Is The Difference Between -Quick Claim And - Deed Of Trust?
- What video editors you guys use for editing your property videos?
- Lender communication expectations in this market (LA area, California)
- first time home buyer
- [CA] Are these lender fees reasonable? What is a General Seller Credit fee?
- Tenant referrals? (FL)
| A Startup Is Turning Houses Into Corporations, And The Neighbors Are Fighting Back Posted: 31 Aug 2021 12:29 PM PDT Brad Day and his neighbors in California's Sonoma Valley have noticed a real estate startup is turning houses in their community into limited liability corporations. A group has formed to oppose the company's moves. Day's favorite sign reads, "The Pacaso house is the big one on the right with no soul." Brad Day [link] [comments]  |
| White House to unveil steps aimed at easing housing supply shortage Posted: 31 Aug 2021 03:19 PM PDT One change would allow Fannie and Freddie to invest more of their resources into rental housing by boosting an existing regulatory cap on their investments in apartment projects supported by the Low-Income Housing Tax Credit. A second would expand an existing competitive grant program for Community Development Financial Institutions, to encourage affordable housing production. Yet another would increase the financing available for manufactured homes, which are built in factories rather than on a lot. They typically cost much less than homes built on sites and are often occupied by lower-income residents. [link] [comments]  |
| Posted: 01 Sep 2021 03:52 AM PDT My family has been house hunting as FTHBers in the Boston area for the past 8 months and I'm sure I don't need to tell y'all how it's going 😂 Every now and then I'll read an article about families picking up sticks and moving to some new boom town that wasn't on my radar before.. e.g. Boise ID, Salt Lake City UT, MurfreesBoro TN.. without any family connections to the place. And at times I am mighty tempted to do the same! But with the ability to work remotely opening up so many options, it becomes difficult to decide exactly where to move, especially among places we've never been to. So I was just curious, for those of you who have made this decision – how did you decide where to move to? How many times did you visit the place before moving there? What kind of research did you do? What were the main determining factors (aside from lower housing costs)? How did you narrow down the options when remote work allows you to be almost anywhere in the US? [link] [comments]  |
| Boston's Acting Mayor announces eviction moratorium in Boston, in wake of Supreme Court ruling Posted: 01 Sep 2021 01:11 AM PDT Wonder if other cities will follow : https://www.boston.com/news/local-news/2021/08/31/boston-eviction-moratorium/ [link] [comments]  |
| PSA: Anyone can submit a “Cash Offer” with Cash Offer Financing Posted: 31 Aug 2021 01:26 PM PDT Hello All, not sure how many of you fellow home buyers are aware, but literally anyone can submit an "all cash offer" with Cash Offer financing. Essentially you can pay a fee to a 3rd party company to help you submit an "all cash offer". After close then you pay the company back with a traditional mortgage. [link] [comments]  |
| Very different recommended list price from two realtors Posted: 31 Aug 2021 06:06 PM PDT Hello! I am selling my first house and know very little about real estate. We've been meeting with two different real estate agents, and have had very different results. Real estate agent #1: extremely tech savvy, really took his time looking through the house and taking pictures and noting things. Has about 15 years experience. Gave us a market analysis with 4 comps with adjustments. Came to a list price of ~245k Real estate agent #2: has come to the home twice now and has given decent advice. Not tech savvy. Market analysis consisted of many more homes, but was more so just an average of the comparable homes, no adjustments. She said she didn't do adjustments because she didn't actually see the homes. She has 40 years of experience. Came to a list price of 280k So now I'm kind of lost. I really like real estate agent #1, but I do worry he's just trying to sell the home as quickly as possible to make a quick sale. Obviously I want to make as much on the house as I can, but don't want to overprice it. There's no mortgage on the house, and I'll be living with family for awhile so I'm not in a HUGE rush to sell, but I don't want it just sitting on the market either. Any advice is greatly appreciated! [link] [comments]  |
| Any first time homebuyers regret their recent purchase? Posted: 31 Aug 2021 09:45 PM PDT |
| Landlords who have and have not been affected by the moratorium. Could you please explain something? Posted: 31 Aug 2021 04:26 PM PDT Just keeping an eye on the end of the moratorium. IF, the government got off its ASS and paid you for your lost rent from those taking advantage of it, whether the renters applied for assistance or you claim some kind of hardship (I don't know how it works). Would you continue to rent to your current non rent paying tenants if they were brought current? If they miraculously started paying again? Or are you done with them? How will you decide your next tenants if so many will flood the rental market again? Im guessing there is something that says you can't hold this eviction against them if it was covid related, correct? I don't have a dog in the fight. I'm just looking at it from the outside and wondering. [link] [comments]  |
| Feeling very discouraged as a FTHB Posted: 31 Aug 2021 09:57 PM PDT I'm 26, have a wife and a kid. All I want is a decent house in a neighborhood with good schools. I've made offers on homes that meet that criteria, but keep getting out bid for above my price range. I dont need a mansion, but I dont want to live in something so small that ill have to uproot my family later when my daughter is in school. When it comes to financials, I've done everything right. Started building my credit at 18, saved all my life ($170k), and have 0 debt. I make a decent amount of money and cannot find a single property. My wife and I feel like the only things left on the market are worse than where we are currently renting.. This is mostly a depressed whine session. I dont see any reason to believe we'll get anything decent in the spring thats not overpriced either.. Book hoooo [link] [comments]  |
| Cons to renting out first home purchase until ready to move? Posted: 01 Sep 2021 12:22 AM PDT Tell me all the reasons attempting this would be a bad idea—or not! We're house hunting pretty intensely but now clearly won't be under contract until mid-school year (elementary and preschool), sports seasons, etc. etc. Some of the homes we're looking at are a 30-40 minute drive from here, and my kids are just getting settled in for the school year now. If we find a house in the fall we'll probably go ahead and try to commute everyone to their stuff til winter break, and then make the switch—though it will be tricky doing all that driving with a new baby too. The other factor is Covid precautions—our vaccination rates in this area are excellent and our school seems well prepared, and I'm worried about moving my small un-vaxxed kids to somewhere less safe mid-winter. Anyway! I've wondered in the back of my mind if it could ever work to rent out a new property for a year and move in before next school year. The main drawbacks seem like they'd be tenants potentially trashing your new house, and something about if you don't personally occupy the property you lose tax benefits, right? [link] [comments]  |
| Those that have sold their home within 5 years, please share your stories Posted: 31 Aug 2021 12:03 PM PDT Other than for investing purposes, just curious if those that have sold homes they lived in for less than 5 years mind sharing their story; why, did you lose money, etc. [link] [comments]  |
| Posted: 31 Aug 2021 10:19 AM PDT Hey all,
Appreciate any opinions on the matter. Cheers! [link] [comments]  |
| Just bought my first home in Sonoma County California! Posted: 01 Sep 2021 01:20 AM PDT First off this sub Reddit is awesome, very supportive community. These last few months have been filled with excitement, stress, very very careful budget planning, purchase price vs down payment sensitivity analysis and a lot of back and forth between fear and inspiration. However, I have been saving and investing hard these last 5 years and was concerned about giving such a big down payment and letting go of my hard earned money. With the entire market expecting a house crash and blah blah blah, I decided that there is no better time than to buy a house for personal reasons, for my little family and I (of course living in California it seems prices will continue to rise). With 5% Down, cutting down and making a few sacrifices in the next year or so, I get to keep a good chunk of my investments so I don't lose my yearly gains while living in our first home in California. Also note, I am doing this with my wife which is tremendously helpful. So I encourage anyone with partners to not fear as it takes diligence and a bit of sacrifice between each other to get something you both dream of. If you're doing this alone, it might take twice the sacrifice and the aggressiveness in California so I wish you good luck. Any who thanks real estate community for the awesome questions and comments. [link] [comments]  |
| We just paid for a home appraisal. Does this mean the loan is likely approved? Posted: 01 Sep 2021 12:43 AM PDT As the title says, . . . new construction, we signed a contract back at the end of March w/ earnest money. Bank said to wait until 90 days within completion (estimated), which we are in now. So the lender asked for some documents, bank account statements, a letter from my CPA, etc. Today, we were asked to pay hundreds of dollars for the appraisal. Does that mean that they are happy with the paperwork? It is my first time buying a home, so I just was wondering if anyone else put down $450 for an appraisal and was told they weren't getting the loan for other reasons. The bank wouldn't do that to us, right? So this is a good sign to get excited about? I have no reason to believe we won't get the loan, but it's the only piece of the puzzle that can go wrong (unless a hurricane engulfs the entire area). And since I have no experience here, we're all "on hold" until we know this is really happening (which we've been since March as they keep delaying the completion date). Kids and wife and I want to get excited but are trying not to just in case. [link] [comments]  |
| Bay Area townhome vs condos: which would you rather ..? Posted: 31 Aug 2021 10:24 AM PDT First time home buyer here who has got a lot of help from this subreddit :) Not sure if this kind of post are encouraged. I am definitely going to run my own numbers, but I noticed that my housing preferences might be different from a lot of people (e.g. I don't mind old appliances, am an immigrant who has lived in condos all my life, etc). So I am trying to understand what "desirability" means for the local market. Now with a 1.25m max budget I can go with ...
If I go with the cheaper condos, I will use the money to buy investment properties elsewhere, or put into stock. I definitely like living in the townhomes better, but just not sure if they are worth the extra 300k compared with condos in terms of resell value and rent / price ratios. I will be living alone for the next few years :( Thanks a lot! [link] [comments]  |
| Why should I not buy if I know I'm leaving in three years? Posted: 31 Aug 2021 04:27 PM PDT Sorry for a "dumb question" but please read my specific situation to see if this makes sense...it seems to but I am clueless. Moving this spring to a location where I will live for three years. This will be the longest I have continuously lived somewhere. Obviously it depends on the market, but IN GENERAL....I keep hearing not to buy if you will only be somewhere five years or less. That doesn't make sense to me. Assuming 2k in rent per month, by the end of three years I will have spent about 73,000 that I will NEVER get back. If I buy a house and sell it in three years, I will lose the closing costs, taxes, and interest as well as any maintenance costs. I can't imagine those coming close to 70,000. Am I way off base? Is homeownership really costing people that much? I feel like if I sell it for around the same amount I'm going to come out on top compared to renting and even if I take a loss it will be cheaper in the long run than renting. Am I way off base? Tia. [link] [comments]  |
| Posted: 31 Aug 2021 06:00 PM PDT Recently put a lot under contract it was initially for 90k with 40k from me and 50k from lender(5% fixed 10 years). After appraisal the cost went down to 75k and I wanted to only take a loan for 30k from lender but lender said they can't legally do that in the state... I was talking with a close friend and he recommended I take it out of my 401k which I would be able to. In fact I would only need to take out like 23k of a loan from my 401k. Is this worthwhile? I'm with fidelity and I've started doing some research and the only pitfall I see is that if you lose your job or move jobs it can get bad quick. Any recommendation? Thanks you [link] [comments]  |
| Posted: 31 Aug 2021 08:10 PM PDT So I've kept an eye on some of the properties that Zillow and Opendoor are buying and bringing back to market. I've noticed that several of them are staying on market and then the price is being reduced a lot closer to what they bought it for. Is this a sign that their high offer plans are starting to not pan out for them. I feel like this is a good sign for traditional agents. Any thoughts or has anyone seen anything similar in their area? [link] [comments]  |
| What Is The Difference Between -Quick Claim And - Deed Of Trust? Posted: 31 Aug 2021 11:53 PM PDT California question. Please help me understand this. I was looking at a property report and noticed that one of the property had the following.... 2011 Grant Deed Mrs. Owner & Mr. Owner (husband & wife) 2020 Quitclaim deed trust transfer Mrs. Owner & Family Trust (husband name no longer shows) 2021 Deed Of Trust Mrs. Owner ✔ Can someone please explain why and what this may have been going on here? I don't understand any of it. Thank you [link] [comments]  |
| What video editors you guys use for editing your property videos? Posted: 31 Aug 2021 10:12 PM PDT Hey, Last week I was reading that videos can play more important role than pictures in the real estate business and was confused on how to start with videos. So I started recording videos of properties via my phone and camera but I guess it still needs some editing and I'm confused which tool to go for as there are tons of them. Secondly, there are not many free tools available + there's the watermark too, hence needed a good low budget video editor. If you guys use any of the video editors can you please suggest me? PS: I prefer desktop software/ online video editors rather than mobile apps. Also, I'm finding Photoshop tough as I'm a beginner. [link] [comments]  |
| Lender communication expectations in this market (LA area, California) Posted: 31 Aug 2021 12:12 PM PDT I was a FTHB back in 2019, in a much cooler market. Every lender I talked to was prompt and responsive, and I could count on a quick reply to messages from the one I decided to work with for the purchase. It made me confident and took stress away from the closing process. Now it's 2021: a totally different market in which I'm hoping to make a move up purchase, and my experience with lenders so far is the total opposite of what it was in 2019. The one I used to buy my current home never got back to me, and I'm still waiting on the one my agent recommended. Even if I do hear back from them, the initial delay makes me nervous; no contact for days after initial inquiry and follow up. Is that normal now? It feels like a red flag – I wouldn't want a lender going dark during escrow – but I'm not sure if I'm expecting too much from folks who are probably overwhelmed with refis and other work now. [link] [comments]  |
| Posted: 31 Aug 2021 06:01 PM PDT I was going to buy a really nice trailer for 50k, fully furnished. Current owner would carry part of it as a loan. My payment would be 700 a month with the lot fee. I figured this would cost as much as a house in my area. But houses are very hard to come buy now in upstate NY. Should I focus on buying a house? I thought the trailer would be less expensive and a good deal. First time home buyer. Someone said to never buy a trailer. [link] [comments]  |
| [CA] Are these lender fees reasonable? What is a General Seller Credit fee? Posted: 31 Aug 2021 03:48 PM PDT Closing soon (9/27) on a new construction home in SoCal, and our lender is in-house provided by builder. Are these reasonable fees? [link] [comments]  |
| Posted: 31 Aug 2021 05:41 PM PDT Tenant referrals? (FL) Hi there! I am a new agent in the Orlando Florida area. Although I plan on helping others buy and sell homes, I know quite a few people looking to rent. I know that there are small referral fees for finding rentals. How do you work that out with the rental agent? Send a referral agreement over? Any help or advice in regards to rental referrals welcome :) [link] [comments]  |
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