Agents are awesome sometimes. Talked me out of a huge potential mistake. There’s good honest agents out there. We appreciate you Real Estate |
- Agents are awesome sometimes. Talked me out of a huge potential mistake. There’s good honest agents out there. We appreciate you
- I'm sorry but I really dislike real estate agents, what do they even do?
- Put an offer in for my client at list price. Was the only offer in hand at review date, sellers didn't accept.
- People of the West, how do you feel about relying on septic and well water in the long run?
- Buyer's home inspector broke our new Air conditioner
- At least 12 offers
- [OH] Almost there, waiting for closing
- Is it worth it?
- Newsom signs bills effectively ending single-family zoning in California
- Bought as-is, found out the property info is wrong. Anything I can do?
- 26% Hike on insurance renewal in 2021?
- Utilities whoops
- Low Appraisal using old comps
- [AZ] A taste of how crazy the market is out here
- Help me understand capital gains tax. Owned home for 13 months but need to relocate for work.
- East facing windows: are blackout shades enough?
- Would it be wise for a 17 year old to buy a house
- United states
- List price increase
- Once Mortgage Interest rates go up, only hedge funds and cash buyers will be able to buy homes i the best cities/towns
- What items do buyers think are included?
- Livablity
- Rental pro picked someone else for the house I applied for. Montana.
- Ungrounded receptacles and displaced gravel
| Posted: 16 Sep 2021 05:45 PM PDT My agent just spent weeks with me going to place after place. Offers in, offers beat etc. rubbed my back when I lost my dream home and basically cried. Answered the phone at 9 pm, met me anywhere he needed too, gave me life advice about shit completely unrelated to RE, but that set me on a different career course He's an older guy, 50's I think. Talked me out of buying a way more expensive multifamily 550k that he would've got him a fat commission. Got me to get a 200k multifamily and a plan to go from there (my first home, owner/occupant benefits) To my forever home in about a year and a half. Saved me from making a huge mistake. I'm now profitable from my rental income by 400$. My mortgage is paid for plus money? Whaaaaat? Good people are good people. I think a lot of agents are in it for the money and the hustle. But some people genuinely want to change someone's life for the better. Those agents are the ones who get paid in happiness from helping others. [link] [comments]  |
| I'm sorry but I really dislike real estate agents, what do they even do? Posted: 17 Sep 2021 02:35 AM PDT I'm serious, I'm studying management and economics, and every year I suffer from these housing agents in italy. So many people, literally doing nothing. Time wasting middlemen. Can someone explain me what they really do, or if their work is undervalued and it is not all about doing the easiest middleman stuff? [link] [comments]  |
| Posted: 16 Sep 2021 09:09 PM PDT Home was listed for $649,000. We put our offer in at $650,000 with an escalation clause up to $700,000. Now I know the market has cooled off a bit and isn't as competitive at this point, but this is the first time I've been the only offer in at the review date. The sellers took most the evening the think it over, and the listing agent finally got back to me letting me know they were expecting multiple offers, and essentially a purchase price that is higher than the list price. They decided to not accept the offer, are reviewing offers upon receipt now, and have another open house scheduled for the weekend. We resubmitted our revised offer, in which the only change was taking out the escalation clause, and set the offer expiration to Sunday evening. Even though my client, at one point, was willing to pay up to $700,000 (if escalation was triggered by another competitive offer), we don't feel like we should raise our initial purchase price and outbid ourselves as the only offer on the table. Has anyone ever ran into this situation? TL:DR: Sellers listed their house for X amount, we offered $1,000 over X amount and were the only offer on the table, they decided it wasn't enough and didn't accept the offer. [link] [comments]  |
| People of the West, how do you feel about relying on septic and well water in the long run? Posted: 16 Sep 2021 07:46 AM PDT Just curious what people think, especially in the age of desirability for "country" living, off grid, etc. Would you be comfortable living on septic and well water for 10-20+ years, and the costs and challenges associated? Or do you think it is better to stay connected to municipal services to avoid dealing with a drying up well, lack of space for a new leach field, etc.? Bonus crowdsource question: Also, in the age of convenience, would you rather be close enough to town to be able to use grocery delivery, doordash, same day Amazon, etc.? Living in the countryside appears to put these services out of reach. [link] [comments]  |
| Buyer's home inspector broke our new Air conditioner Posted: 16 Sep 2021 10:01 AM PDT Hello I was hoping I could get some input on a situation I am in. I put an entirely new HVAC system about a year ago in my home that I am now selling. I had my home inspected on Tuesday (the inspector is new, works alone, and a "friend of a friend" of the buyers). When I left the house everything worked perfectly. When the inspector checked the hvac, he stated that it worked perfectly. When I got home I noticed immediately that the Compressor was struggling and would not kick on (the fan was still working). I was hoping that it was just a bad Capacitor, and replaced it, but the compressor still wont kick on. My realtor had the inspector come back to my house. He agreed that it is broken but that it wasn't his problem. Basically the conversation was: Me: "your report stated that the HVAC was working when you left" Inspector: "yes" Me: "But it was broken 15 seconds later when you pulled out of my driveway and I pulled in" "Inspector: "yep, not my problem" My HVAC guy can not be over until tomorrow morning so I do not know what kind of damage has been done. A different HVAC tech I spoke to suggested that if the inspector was playing with the emergency shut offs (which he did say he used in the report) without shutting things down properly that the motherboard could be fried (an expensive repair). My realtor is not entirely sure what to do in this situation, other than document everything and hope that the unit's warranty is still good. I would rather not eat the cost of an expensive repair on a brand new system because of someone's incompetence (The inspector's report had several glaring wrong statements about our house). I would also like to avoid small claims courts if possible. Has anyone been in a similar situation before? I'm in NJ (Pork Roll area not Taylor Ham). [link] [comments]  |
| Posted: 16 Sep 2021 06:39 PM PDT We put an offer in on Monday on a house than now has at least 12 offers. It's my absolute dream home and we offered almost 100k above asking. I'll be devastated if we don't win but I just can't imagine we can compete against that many offers. This sucks. We've been outbid 7 times before this and I'm hoping we were outbid on all those prior houses in order to get this one. I could use some luck tonight. [link] [comments]  |
| [OH] Almost there, waiting for closing Posted: 16 Sep 2021 10:21 PM PDT There's not a lot of data points for Ohio so here's one, specifically NEO.
Purchasing from out of state so our realtor was crucial with the home search. We are doing a conventional loan and did not waive any contingencies. Now we're waiting for all open items to be finished, and for the magical "clear to close". Good luck to everyone out there who are in the same boat as us. It's doable, stay the course, and the right home will come to you. [link] [comments]  |
| Posted: 17 Sep 2021 02:01 AM PDT My spouse and I had our offer accepted on a unique fixer upper, but we are a little unsure about the extent of the work needed. We live in a smaller community where non cookie cutter homes within our budget don't show up very often. We want a home with character, and nothing has come up that peaks our interest for a very very long time. So we jumped on this property because we don't know if we will be able to afford what we want in a "forever home" unless it is a project, just with the cost of building new and all. Our current home was a fixer, so we've done it before, but this is a new level. This house needs significant work in general (sold as is) like visible history of water damage (supposedly roof issues were resolved), outdated kitchen and bathroom, heating/cooling work, needs new windows, etc. Plus there are some things we would need to add to make it functional for us specifically, like a garage and a fenced yard for our dog. Some of these projects we could do over time while living there, others would be more urgent. We have an inspection contingency, and the inspection is scheduled for next week so hopefully we will see the full extent of the repairs needed at that time. We really see the potential in this house. We could really mold it to our needs, but it's going to cost a lot of money to get there. Some of the fixing we can DIY, but a lot will need to be hired out. It could be worth it though to turn it into a great home for us that we would live in for a long time... Our agent says the price is good for the size as well despite the condition. However, a new home with a different yet still unique architecture style was just listed that hits more items on our wishlist already and is still within our budget.... It needs a LOT less work, so I'm having a horrible combo of buyers remorse and FOMO big time! It's smaller and built on a slope so a yard would be tough to have there unfortunately, but it got me thinking that maybe the home for us isn't so far out of reach financially. We just have to find the right one, the right unique project home. Those gems are rare and it just so happened that 2 show up in a month. I'm asking myself, am I working too hard trying to fit a square peg into a round hole? Or would I be giving up a great chance at a special blank canvas of a dream home if we walk away? Any words of wisdom on how to process these thoughts? This is stressful. [link] [comments]  |
| Newsom signs bills effectively ending single-family zoning in California Posted: 16 Sep 2021 09:35 PM PDT |
| Bought as-is, found out the property info is wrong. Anything I can do? Posted: 16 Sep 2021 08:21 PM PDT My wife and I bought a house just over a year ago, as-is. To further complicate things, there were no disclosures. I know, don't @ me, it helped us get a great deal on the house. We knew the house needed work, but we've been up for the challenge, and have been making great strides to turning this into a great home. However, starting around a month ago, we started seeing it flood downstairs. The flooding was irregular and we couldn't pinpoint the exact cause, which is why it's gone on for so long. The house was -and still is- listed as being on a public sewer line on most major websites. However, after a LOT of investigating, going to the city for more information, we found out we actually have a septic tank. We had to cut out a bunch of overgrown bushes and dig a small hole to find it, but we found it. The problem is: now we have this huge issue with a septic tank needing to get drained and repaired, and this doesn't even consider the cost that would be incurred to get us put ONTO a public sewer line. I understand that we bought it as-is, but this seems like we were provided inaccurate information about the house from the beginning. Is there anything we can do? [link] [comments]  |
| 26% Hike on insurance renewal in 2021? Posted: 16 Sep 2021 01:55 PM PDT Hi Team, I have a rental property in CA insured with USAA for 10+ yrs, and this year I'm seeing a 25% renewal increase, with no change in service other than a coverage increase from $373k to 392k. Although that increase in coverage is 5%, my premium went from $1392 to $1735. After calling to find out why, the best answer I got was 'the increased cost of materials and labor'. I agree that supply chain issues have pushed materials and labor costs up, and the 5% change in replacement costs seems reasonable. What I can't get a straight answer on is why their potential costs increasing by 5% correlates to my actual bill increasing 25%. Is anyone else seeing this? Thanks [link] [comments]  |
| Posted: 16 Sep 2021 05:10 PM PDT So my realtor asked me this evening if I had called any utility companies yet. Closing is tomorrow morning but not really moving in for a week or two after vacation. She told me to call them all tomorrow at 8am. Will I be okay? It completely slipped my mind through this whole drawn out process and this is my first time buying a home. Hopefully nothing gets shut off, not sure how this even works do I just call and say I bought such and such this address transfer service please? [link] [comments]  |
| Posted: 16 Sep 2021 07:37 PM PDT We listed our home for $250k based on the comps in our area and realtors advice. The last 6 properties that have sold in our neighborhood went for 245k to 327k. Our model is 1.5 bathroom vs some of the others that were 2.5 bathroom, however we had the only 2 car garage. I recognize that the bathroom is worth more than the extra garage stall but didn't realize that much. We got a full price offer after 36 hours on the market and accepted. The inspection came in at 230k mostly due to the fact he was using comps from 2019 and did not use the most recent sales that are more comparable to our property. Additionally, he was listing each additional bathroom as 25k reduction to the value and the extra garage stall as an add of 8k. Does this seem like the correct approach for an appraisal? Just doesn't make sense to me that all properties sold for significantly more even tho our property is just as updated. I don't want to be delusional if our property is really worth so much less than we thought. But I'm tempted to tell the buyers to either pay the agreed upon price with an appraisal gap or we will go back to the market. The whole deal sounds fishy adding the fact that the realtor is the buyers dad. We are located in the nw suburbs of Chicago, in case that matters at all. Thanks in advance for any insight! [link] [comments]  |
| [AZ] A taste of how crazy the market is out here Posted: 16 Sep 2021 09:45 AM PDT Bought my first home for 189k in 2017 in the North Phoenix area. It was a very small home, 2/2 and barely over 1000sqft. I sold almost exactly 1 year ago for 260k after starting a family and needing something bigger. I just happened to check on the Zillow listing today to find that not even 1 year later the house has sold again for 365k, 15k over the 350k asking price! From the pictures it looks like all they did was update to newer vinyl floors (which we credited them for in the original sale). The house almost doubled in value in less than 5 years. Crazy! [link] [comments]  |
| Help me understand capital gains tax. Owned home for 13 months but need to relocate for work. Posted: 16 Sep 2021 05:15 PM PDT We've sold our home and made 44k in profit after all the closing fees. From what I can understand, we qualify for partial exclusion. Our combined income is 230k. We've owned the home for about 13 months, but we had to sell it due to me transferring federal agencies (dod to faa). How much of the 44k is taxed and how much should we set aside come tax season? Thanks, I'm extremely bad at taxes. [link] [comments]  |
| East facing windows: are blackout shades enough? Posted: 16 Sep 2021 08:42 PM PDT I'm interested in an apartment with all east facing windows. I like to sleep in. Will blackout shades completely block out the sun? And if not, would doubling the shades do the trick? Appreciate any insights! [link] [comments]  |
| Would it be wise for a 17 year old to buy a house Posted: 17 Sep 2021 02:25 AM PDT I've done a bit of research and i only need a 5% down payment on a house to buy it. would it be worth it to buy the house through a down payment. fix it up and rent it out and use the rental money to pay back my debt? would that be a sensible option for a 17 year old in australia. [link] [comments]  |
| Posted: 16 Sep 2021 10:09 PM PDT Where in this country can a person afford to live/buy a home while working a normal entry level job? [link] [comments]  |
| Posted: 16 Sep 2021 04:24 PM PDT I have been eyeing a home in Sacramento, CA and was able to make time to go see it this weekend. It's been listed for 13 days at 455K. Today, the price increased to 475K. I thought the initial price was low for homes in that neighborhood (450-530K) because it looks recently renovated. However, I chalked that up to it being a 2 bed while most houses are 3 bed. Did the sellers increase the price because they got fewer offers than expected (most homes are going within a week)? Did they realize that it's worth more? I'm trying to determine how this might affect what we put in our offer. I've seen price decreases but never an increase, so I'm curious. Thank you! [link] [comments]  |
| Posted: 16 Sep 2021 11:30 AM PDT I see mortgage interest rates going up next year and instead of a 2.75% 30 Year Mortgage, it will be a 4.00% 30 Year Mortgage. If the price of the homes doesn't drop because of the higher payment, only investors and cash buyers will be able to buy a nice home in a great community. For example, the Principal and Interest of a $500,000 home with a 20% Down Payment ($400K Mortgage) is $1632.00 a month. But if that same house is still selling for $500,000 but the interest rate is now 4.00% the payment is now $1909.00 a month. A 16% increase which will knock a significant amount of people out of that home. [link] [comments]  |
| What items do buyers think are included? Posted: 16 Sep 2021 05:14 PM PDT We are thinking about selling our home. We were wondering what buyers will see in photos or a walk-thru that they will assume comes with. One example I can think of is tv wall mounts. I've heard those have to stay with the home. Is that true? What about window treatments like blinds or curtains or rods? What about the stick vac we have mounted in the laundry room? What about the ring doorbell or nest thermostat? We'd like most of this stuff to come with us to a new home, but I'm hearing conflicting things on what goes with the house. [link] [comments]  |
| Posted: 16 Sep 2021 11:55 PM PDT Out of these cities which one offers the most as far as lifestyle Quality of life future development. Houston Las Vegas Denver Seattle [link] [comments]  |
| Rental pro picked someone else for the house I applied for. Montana. Posted: 16 Sep 2021 01:30 PM PDT I wasn't "rejected." They just picked another applicant.
I already applied again for another place and paid them again. The listing is still up for others to keep applying. How is this fair or legal? Do they not have to accept the FIRST qualified person who applies for it? [link] [comments]  |
| Ungrounded receptacles and displaced gravel Posted: 16 Sep 2021 06:58 PM PDT Hi, I'm reading this inspection report and see that the inspector has flagged quite a few ungrounded receptacles as a safety hazard. Is this a deal breaker for a home I like or is this easily fixable? This home is in the Bay Area and definitely older. How much would this cost? Also, does anyone know why a pretty newly reroofed home has displaced gravel, exposing roofing tar? Thank you so much!! [link] [comments]  |
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