• Breaking News

    Wednesday, September 8, 2021

    Wells Fargo has now been holding up a wire transfer for 6 business days and 9 calendar days total Real Estate

    Wells Fargo has now been holding up a wire transfer for 6 business days and 9 calendar days total Real Estate


    Wells Fargo has now been holding up a wire transfer for 6 business days and 9 calendar days total

    Posted: 07 Sep 2021 06:08 PM PDT

    I am the seller. All cash sale. Buyer wired the money but Wells Fargo has not completed the wire. Buyer has called them repeatedly. Lawyers have called them multiple times. Have been told on multiple days "you will have it by the end of today" or "you will have it by morning" and then it doesn't come. The buyer has asked over and over if anything is wrong, if there are any security/fraud/etc holds or other issues, they are always told that no, everything is fine and that the money will be wired. yet it does not get wired. I also have Wells Fargo and will be closing my accounts with them after this because of how outrageous this is. The lawyers have looked at the wire paperwork, it is all legit.

    Anyone have any recent experience with this or any advice? Something we are missing? There are now multiple agents/lawyers/brokers involved but no one can make this happen. Just keep getting told it's gonna happen today and then it doesn't. Thanks in advance!

    submitted by /u/DMBCBCB
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    Hidden costs of buying a home

    Posted: 07 Sep 2021 04:31 PM PDT

    My husband and I are first time homebuyers. We're living in a HCOL which makes it tough to stay in a reasonable budget. We're looking to buy a house for 900k ish and bring about 25% downpayment. This would be for a 3BR single family home.

    We've done a good job in saving the past few years, maxing our 401ks and investing additional savings to save for our downpayment.

    We have one kid in daycare at $2,300 per month and another one on the way which will be another $2,500 per month. We'll have 3 years of paying daycare for both until the older one goes to public K. We're pretty frugal but will have very little leftover when we're paying close to $5k per month in daycare and will probably have to reduce retirement contributions for a while until we get raises/older kid goes to public school.

    I'm trying to figure out how much we should realistically put aside for the first year or two of home ownership for hidden costs. We have family that could probably help if needed, and will have a good chunk of savings left but I wouldn't want to be in a scenario where we might need to spend $50k the first year in various costs we didn't anticipate. We currently live in a rental in the center of the city so we don't have landscaping, snow removal, heat etc.

    I'd love any insight of what people have paid during the first year of home ownership.

    Thank you!

    submitted by /u/kremboyum
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    Floridas Rental Market is Brutal - How does one with bad credit even rent a place

    Posted: 07 Sep 2021 09:51 AM PDT

    I'm relatively new, (6 months as a realtor) and I have been working with my referred client for about 3 months now. He needs to rent by October 15th, but the issue is he has a credit score between 530-570. Budget is $1400. Do you guys have any tips or recommendations on how to get him into a place?

    We've applied to about 10 listings all declined for various reasons.

    One thing I've started doing is cold calling owners that will be expiring this month to later October, but for the most part their tenants are re-signing. I consider this a work in progress.

    I apologize if I posted in the wrong forum, I am much more of a lurker on reddit.

    Thank you for any and all tips you guys have.

    EDIT #1 - He does have a cosigner (His brother) who has a 670 credit score

    submitted by /u/niko1129
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    Buyer Beware...infuckingdeed

    Posted: 07 Sep 2021 08:20 PM PDT

    Here partially for advice and partially to vent before I burn this fucking house down. Long story short....my husband and I closed on a house mid-July and it's been a shit show the entire way, starting with the sellers not actually being moved out at the time of our walk through and leading to today where we've been informed that both our roof and HVAC need to be replaced. So...many...cuss words.

    The sellers were clearly fucking assholes. There's no nice way to say it. They didn't move out on time, felt entitled to just tell us that they'll be out in a couple of days, refused to pay any damages for new water stains on the ceiling due to an AC leak, left the house a shit hole etc. I have no words for these people and have lost far too much sleep and far too many tears over them.

    We knew there were existing roof issues, but per the sellers they had been fixed and there was no active leak despite there being visible damage that we knew would need to be repaired eventually. They agreed to reduce the price of the home by the cost of repairs and that was it, never mind that the repairs would result in mismatched shingles.

    The roof is most definitely actively leaking. Fucking asshole lie #1.

    A week or two ago we noticed the AC wasn't running too well. It was cooling, but not well at all. Running all day. So we called an HVAC company to come and they put in more coolant which solved the issue for the time being, but they warned us we could find out quickly that there's a serious issue. Thought we were getting away with a $400 repair and buying us more time before the inevitable. Until this weekend....when it wasn't cooling AGAIN.

    We called the company who we thought had serviced the unit before and sure enough they come out and tell us that they had serviced the unit last summer and at the time told the owners it was in need of replacing. The owners said no, we are moving soon, and told them to patch it.

    Their sellers disclosure indicated "no" to the question of, "Is any portion of the heating and cooling system in need of repair or replacement?" This is clearly BS if they had been told less than a year prior that it was in need of replacement, right? Fucking asshole lie #2.

    What, if any, legal recourse do we have? We are in Georgia where it's hot AF so this whole AC/hole in the roof combo is just fucking fantastic. I'm so mad at these people and so mad at us for buying this house. We were entirely too trusting because what kind of people are so awful? Because of the market these people would have made out with a handsome profit even if they had replaced the roof and/or AC considering how long they lived here and how little they put into this house.

    Are we just fucking idiots who got completely hosed and have to deal with it? Am I going to be bitter and angry the entire time I live here? Someone please give words of encouragement and help us figure out if we can do a damn thing at all!

    submitted by /u/StudyPopular1505
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    Splitting house ��

    Posted: 08 Sep 2021 12:59 AM PDT

    Hi guys, I'm from the Netherlands and the house market is f***ed here. Very little offers against an high demand. So I wonder if any of you guys have experience in splitting a house. To live in one by myself and to sell the other unit.

    What are your experience and what are the cost that you've made.

    submitted by /u/Remill20
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    Zillow Offers from Hell…

    Posted: 07 Sep 2021 01:36 PM PDT

    Is anyone currently selling their home to Zillow Cash Offers in the California market?

    We accepted an offer from Zillow to buy our house about a month ago. We are in escrow to buy another house. Both deals are set to close in 2 weeks but our lender needs an estimated settlement statement from Zillow to proceed.

    We've been requesting it for over 2 weeks and not a single person/department there will respond. I've called customer service and it just says "email us" then disconnects. The PSA says they can back out at any time without cause, so I'm beyond stressed that that's going to happen.

    Does anyone have experience with Zillow Offers? Is this "normal"?

    submitted by /u/ironandice42
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    Previous insurance company has not paid out our escrow

    Posted: 08 Sep 2021 12:36 AM PDT

    Hey there,

    As you all can see above from the title, our previous home insurance company, Homesite, has not paid out our escrow account. We canceled our policy with them July 6 and it's been 2 months and we still have not received our check.

    I've called at least three times, and every time i get the same answer, "we sent it on ___ day" "is ___ your correct address...". I'm getting extremely frustrated with having to call them and I honestly feel like I'm being lied to.

    We don't seriously NEED the money at this moment, but it is our money and it should've been received by now.

    Any advice about what I can do in regards to this situation??

    I was under the impression they had 30 days minimum for it to be received and if that's true, clearly they're way over that time limit.

    submitted by /u/chynaadawl
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    How much can the Lender increase PMI during the final closing?

    Posted: 07 Sep 2021 10:47 PM PDT

    A lender has changed the PMI to 50% higher on the monthly estimate on the final closing disclosure. The initial rediscloser for was at $138 for a $425,000 loan. Near closing, the loan officer sends out the closing disclosure documents and the pmi is now $100 more. Are they allowed to give such bad estimates? This was both in the Loan estimate and later loan disclosure document.

    submitted by /u/lllkill
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    FSBO Seller tips

    Posted: 07 Sep 2021 03:23 PM PDT

    I almost want to add Part One to this title - it will probably be very long.

    A friend had been looking for a house since before the pandemic and the crazy started. Our market in the Midwest has been crazy for a few years now. After a few hiccups with realtors, she became pretty bitter. A few months ago, she started looking at FSBOs and asking in different Facebook groups and on the Nextdoor App if anyone was selling.

    I've never actually bought or sold using (traditional) FSBO, but I've bought and sold with handshake agreements and I have viewed FSBOs as a buyer. I'm planning to first try to sell my house FSBO in a few years.

    I've been doing research on this for over a year. Many of the 'articles' available online seem to have been written by realtors and subtly, or not-so subtly steer people away from buying and selling FSBO. No matter how prestigious the magazine, website or newspaper, it is still possible for a three page article to actually be a three page advertisement written with the intent to discourage FSBO.

    So, the very first FSBO house Heather* arranged to see was through Zillow. She rang the doorbell and the guy answered the door….carrying a pistol. She took a few steps back and asked him if he worked in Law Enforcement. He didn't. She declined to enter the house, walked backwards down the driveway, never breaking eye contact, came over to my house asking for a strong shot of….anything. Señor Jose Cuervo made things a bit better.

    After that, she asked if I would go with her when she was looking at FSBOs. I've seen close to 30 of them in person this year and evaluated many more online.

    You can't make this shit up….

    Real life tips for FSBO sellers:

    Tip #1: No matter how Red your state is, do not answer the door to a potential buyer with an unholstered pistol. If you are that concerned about your safety or being robbed, maybe you should leave this process to the professionals. Or at least conceal the weapon.

    Tip #2: Add ten days to your listing every time you actually say out loud, "Well, I'm selling my house FSBO, I shouldn't have to do XYZ." Add five days to your listing every time you simply 'think' that same idea.

    Tip #3: Throw out all sexist, ageist, racist thoughts you may have. That 20-something you think can't afford your house may actually be a baby-faced 30-something CPA making mid six figures.

    Tip #4: As important as it may be to you, even if your minister, rabbi or priest has been insisting that you invite God into all aspects of your life, it is probably not a good thing to ask a potential buyer to pray with you before they leave. Nor is this the time to witness and give them literature.

    Tip #5: You may have a strong belief system. But, it is time to take down the Trump (or Biden) 2020 signs and flags. Intentionally hanging a US flag upside down or having a confederate flag can also reduce your appeal to buyers.

    Tip #6: You will have to give your full name to your buyer. To decline to do that is….stupid (see Tip #7)

    Tip #7: Be aware of information a potential buyer can find out about you and the property. We live in a state where the county assessor page is viewable to the public. From the address, you can find out the owner's full name, when they bought the house, how much they paid for the house and how much property taxes are. Once a buyer has your name and address a simple Google search can be a wealth of information. A cousin lives in Iowa. They have easy access to court records online. He was considering making an offer on a house and when he checked the Court records, the owners had filed for divorce X number of months ago, so he knew they were getting desperate to sell.

    Tip #8: Don't lie to the potential buyer. Your house has been on the market for 45 days. You aren't "getting calls about it everyday." Well, maybe from the bank or loan company.

    Tip #9: Be aware of what is normal in your area. Go to a few open houses. Observe how the realtor (or homeowner) interacts with potential clients/buyers. What information about the house do they have readily available? You've lived in the house for 20 years. How old is the roof? How old is the water heater? How old is the furnace? How old is the AC? When was maintenance performed? If you answer any of those questions with, "I don't know", you have just wasted the buyer's time - and they know you're full of bullshit. See also Tip #8

    Tip #10: We live in a state where sellers are required to fill out a detailed disclosure. It is commonly available to the buyer or buyer's agent before viewing the house. You are not above the law and this is something you should have filled out, signed and available for the buyer.

    Tip #11: A potential buyer is going to want to see ALL easily accessible areas and rooms of your house. Don't schedule a showing during the baby's nap time and then refuse to show that room. Pictures on your phone probably aren't going to cut it. Neither will a locked door and telling the buyers, "I'm sorry, that room is private." You have a chance if it is a locked closet or storage shed, but that will need to be opened at some point.

    Tip #12: Don't lie about your square footage or number of bedrooms. For my area a bedroom must have an egress window and closet. If there is no closet, it is a den or study. If there is no window, it is a bonus room.

    Tip #13: If you live in an area with varying degrees of temperature, you need to heat and cool the house as is appropriate. We went to see one house, not knowing it was empty. It was July and close to 90 degrees. The owner was 20 minutes late and when we entered, the house was sauna hot. He had the AC set for 80 degrees. We were sweating and miserable within a minute. Better to be 20 minutes early and also set up a few fans...and adjust the temperature.

    Tip #14: (this happened to a friend, not us). If you live in a rural area or near a green space, it is in your best interest to wait to show your house for at least two weeks if you've had to spread ingestible poison to kill an elusive mouse. Nothing ruins a potential sale like a mouse stumbling dramatically across the kitchen floor in the final stages of life.

    Tip #15: One of most prevalent things that is said about FSBO is the owners have priced their house too high. There were a couple of those that we saw that were ridiculously priced for no apparent reason ("but, it's a SELLER'S market"). There were many that we saw where the homeowner was trying to get 100% ROI for the work done. One guy cheerfully told us, "my neighbor just sold their place with a realtor for $250K a couple of weeks ago (we already knew this from Zillow). But my HVAC and appliances are only a few months old, so I'm asking $270K." These were largely identical townhomes. Your ROI is probably between 25-50%. Less if you've done the work yourself and are not a professional.

    Tip #16: Conversely, if you have left something the buyer will have to replace shortly after moving in, you might as well deduct 150% of the cost of the item from your price. We looked at a place where the owner had done several things that lowered the value of the house (removed a stair railing, painted the trim white without doing any prep work, replaced a bathroom vanity with an inferior one). He was particularly proud that "all" the appliances in the kitchen were new. Except, the off-white colored microwave was probably at least 10 years old. The washer and dryer were newer as well….and didn't match (one was white, one was red stainless), so the probability was that he bought the cheapest new he could.

    Tip #17: too many oddities will turn off a buyer. This is a good time to put the bong and ziplock of marijuana in your car. Removing doors (closet or room) and then disposing of them may have been convenient for you, not so much for a buyer. Also, you may want to scrub the dozen or so impressive jelly spatters from the kitchen ceiling. No matter how neatly you tuck the fleece blanket in around the items to conceal them, buyers will ask each other, "So, you suppose it was dirty laundry filling the sunken, soaker jacuzzi bathtub or a dead body?"

    Tip #18: Toilet seats down for a showing (and pictures). Room doors open, lights on in advance.

    Tip #19: Potential buyers probably don't want to sit, chat and have a drink with you. They may also not be comfortable with too many personal questions. You aren't being the least bit casual when you ask them financing questions or why they are looking to purchase. If you follow them everywhere they go as they tour your house, that may also be creepy. If you are that worried about them stealing something, you probably need to box up valuable items and relocate them someplace else.

    Tip #20: Referencing back to Tip #18. One word. FLUSH!

    Feel free to add your own tips. I wanted to touch on pictures, curb appeal and cleaning, but need to quit for now.

    submitted by /u/Giwu2007
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    HOA not carrying flood insurance in FEMA zone

    Posted: 07 Sep 2021 10:11 PM PDT

    I've searched online but couldn't find anything that answers this: In the disclosure the HOA doesn't carry flood insurance but the condo is in a designated FEMA zone. While we know the risk should be pretty low for the unit on the third level, I'm confused since I thought flood insurance is required for units in a FEMA flood zone.
    I am also wondering what people's opinion is on earthquake insurance for units in liquefaction zones. We're kind of nervous that the HOA doesn't carry earthquake insurance for the building either, but not sure if it's normal for HOAs to not carry it in California.

    submitted by /u/rh_37
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    Backing out after purchase agreement/earnest money wasn't sent

    Posted: 07 Sep 2021 09:07 PM PDT

    Signed purchase agreement without inspection, decided after a second look at the house (only saw the house for a few minutes 1st time, and had to agree on purchasing the house on a few minute phone call) that it was too small and won't fit us. Now what comes next if the sellers don't agree on a cancellation agreement? The earnest money was never wired, so am I still in a good spot or?

    submitted by /u/Mysterious_Rope2292
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    Seller refusing inspection. Big red flag?

    Posted: 07 Sep 2021 10:37 AM PDT

    I put an offer on a fixer upper. Went firm and put in a clause for many walkthroughs because I wanted the opportunity to do an inspection or bring in contractors etc so that i could prepare for the work that needed to be done.

    Had my agent book a walkthrough so I could bring in an inspector and the sellers are giving an unusual amount of pushback. First denying the length of time we wanted to have (2-3hrs). Then saying they can't condone an inspection, then saying the seller or the sellers agent will be present at the time when we get there.

    All my red flags are going up and I know the sale is firm but I am strongly considering walking away from the deal altogether and dealing with it then. I've sold houses myself and have never denied an inspection whether before or after a firm sale, so this is incredibly strange.

    Edit to add UPDATE: They confirmed that we can indeed visit (we requested the standard 1hr after the time pushback. But now they're saying they will only allow 30 mins. Can't be normal seller behavior.

    submitted by /u/dontbewrongandstrong
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    Advice when buying a home less than 1100 sqft.

    Posted: 07 Sep 2021 01:54 PM PDT

    My wife and I have been looking for our first house in a HCOL urban area.

    Since the market shot up the last 8 months, we have been priced out of really anything over 1100 square foot. Typically the homes we see are between 900-1100 square foot on average and are either 2/1 or 2/2 older Craftsman and Spanish homes.

    We currently rent in a 890 SqFt two story townhouse and sometimes it does feel small on the occasion but typically we don't mind it.

    For those who bought a smaller older home, how long were you all there? We are hoping at minimum to stay in the home for 3-5yrs and trade up or make in an investment property.

    submitted by /u/Babsykaz
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    I need some input.

    Posted: 07 Sep 2021 09:18 PM PDT

    This has been an awful and crazy process.

    I had to change realtors and nearly had to hire a lawyer to do so. The brokerage hired her friend for coverage. She's been so-so. She does incessantly update me usually, but is passive aggressive and has made moves against my interest and without bringing me into the loop.

    The seller was present for the inspection discussion (previous realtor allowed). He flipped his lid. Appraisals have just been done but report is not available yet. An official credit request was sent out, but has been not responded to by seller for 72 hours. Today, I'm told he wants to credit 4k. Realtors got it up to 6k, but garage roof and termite damage alone (10k) cost well over that. Total repairs easily reach 20k.

    He wanted to do a rent back for 7 days. On contract it's 14 days rent free. Realtors have been circulating my "draft lease". Seller does not want to agree to security deposit held in escrow.

    I have been encouraged by LO and others not to back out. In reality, if I stay or go - it will set me back. But I am starting to feel crazy for staying in this deal. Thoughts?

    submitted by /u/throwaway9591SFV
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    Family member passed, house to be transferred to me. Reverse Mortgage and loan advice.

    Posted: 07 Sep 2021 01:36 PM PDT

    Location: Nevada

    A family member of mine passed away and the house is to be transferred to me, however, there is a reverse mortgage on the house, and it is in a trust. I need to either pay the reverse mortgage off by getting a new mortgage (refinancing the house) or sell the house to pay it off. We do NOT want to sell the home as it is way cheaper to continue to live here, even paying the mortgage payments (once we get the mortgage aka refinance loan), than to live in an apartment or rent a home. A family member of mine (the executor of the trust) has offered to pay the reverse mortgage back as a loan, so we'd use that money to pay off the reverse mortgage and get a mortgage against the house to pay the family member back, and we would make payments on the mortgage monthly. I have a few questions about this.

    1. What can I do to protect myself in this situation? Should I make a contract with them regarding the loan?
    2. Any other advice in general that you think is good, please don't hesitate to respond.
    3. How would I go about making a contract with them and what should the contract entail to cover my ass?
    4. Does the contract need to be notarized?
    5. The family member does not want me speaking with any lawyers as they said that they don't want to go to court. However, I don't see why court would get involved in this situation. I find this suspicious and was curious if I should speak to a lawyer regarding the situation? Would getting a lawyer complicate things?
    6. Is there any way that the family member could take advantage and try to profit from this situation? If there is, how and what to look out for?
    7. I am currently looking for lawyers to speak to regarding the situation and may add more questions or info later onto this post.
    8. How do I get a mortgage to pay back the reverse mortgage, if my name isn't in the title of the home right now? (Because I believe the executor has to be the one to do this as their name is in the trust, and again, they have done nothing to help yet. Legally, I can do nothing because I am not the executor.)

    There is a time crunch and I am young with little to no credit so getting a mortgage at my age would be extremely hard without a cosigner, (I assume our relative would have no issue cosigning as they'd want to be paid back ASAP), and even with one is hard to get. We have a 90 day time crunch to get a loan to pay off the reverse mortgage or sell the house. So having the family member give us a loan means we have time to find a mortgage after the house is paid off to pay back the family member.The home is under a trust and has an executor (the family member) which is also causing most of the issues, causing my hands to be tied as legally I can't do anything as I am not the executor. And the family member is in another state.(EDIT: I have called and spoken with the reverse mortgage company, however they refuse to give me much information, if any, because I am not the executor... and our executor has done pretty much nothing to help us other than offering the loan, which I would be grateful for, however I am unsure if it is due to just kindness, or a second agenda/trying to profit from the situation. I do not know this family member personally at all. I just wish to be educated on the situation to make sure I'm not being taken advantage of due to my ignorance.)

    submitted by /u/Jaded_Lawfulness1744
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    Sites for showing available land?

    Posted: 07 Sep 2021 07:54 AM PDT

    Looking to see what land is available for purchase. What are your go-to sites for land listings?

    submitted by /u/NegativePattern
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    Is there any reason why I wouldnt want my loan officer to be a familly member / friend etc?

    Posted: 07 Sep 2021 05:31 PM PDT

    Which MLS is best for Los Angeles and SoCal? CRMLS or THEMLS?

    Posted: 07 Sep 2021 08:04 PM PDT

    My license is about to activate and I am wondering which MLS system is better for the Los Angeles and SoCal area?

    submitted by /u/Beach-Yoga
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    What things are a deal breaker in an older home?

    Posted: 07 Sep 2021 02:38 PM PDT

    So we're debating if we should put an offer down on this house. It's a custom home, very unique, plenty Of land, 2100sq ft. Home is from 1951 tho. They did update things last 10 years like the roof etc. biggest issue with this house is that it only has 1 bathroom for 4 bedrooms. So we would have to build another. The closet spaces also suck. So we're just trying to weigh it if it's worth taking that on for a first home.. it's not selling for super cheap as is

    submitted by /u/Hereforthememes5
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    Property line / fence dispute (TX)

    Posted: 07 Sep 2021 05:05 PM PDT

    I'm in a property line / fence dispute with my neighbor and looking for guidance from anyone that can help on this issue. I thought folks in real estate would have great insight or could at least point me in the right direction. I've also posted in r/surveying

    We moved into a new-to-us house in the North Texas suburbs a few months ago. A survey was done at the time of purchase that showed the shared fence with our next door neighbor was exactly on the property line. The fence was in rough shape and we decided to replace it. When letting the neighbor know that we'd like to replace it, they offered to split the cost of the shared portion without being prompted or asked. We accepted that money from them and we're very thankful.

    The posts were set on the same line as the previous posts (on the property line, based on the property line marking flags still being set from the survey and from multiple measurements I've done since) but the rails and pickets were shifted to the neighbors side instead of ours, extending over the property line. This was done intentionally, and with their verbal agreement, so that they could have the "nice" side without posts and it would better match the rest of their yard.

    Several weeks after the fence was built, the neighbors found that the new fence is built on top of their sprinkler heads and said they would like it moved. I offered to pay a licensed irrigation company to move the sprinkler heads for them but they insist on the 85' of fence being moved to be solely on my property. They say they are potentially selling their house in the next year or two and don't want to list it with a property line issue.

    The original contractor who built the fence took responsibility for the perceived or actual issue and agreed to move the fence (in writing) but has since ghosted me. Speaking with more reputable fencing companies, I'm getting mixed messaging. I'm told Texas has vague fence laws, but the standard practice is for fence posts to be on the property line, and the pickets and rails hanging over one side or the other do not necessarily create a property line issue. A

    I have a consultation with a lawyer in the works, but don't know what to expect from it. We also have an HOA that I'm going to reach out to and seek information from, but I haven't been impressed with our HOA so far.

    I want to make this right for myself and my neighbor, but would really prefer not to have to move 85' of fence if it's not necessary.

    So my questions are:

    • Is it standard for posts of a shared fence to be directly on the property line?
    • Is there any Texas law stating anything on the matter?
    • Do surveyors indicate a fence line by the posts, the fence panels, or some other point?
    • Could this be an issue when selling their property?
    • Is there anything I'm not considering?
    submitted by /u/Beardicus223
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    Selling our house in Florida.

    Posted: 07 Sep 2021 06:16 PM PDT

    Hi! We bought our house 5-6 years ago for 100k and It has a HOA that covers the roof,internet and cable. Long story short we're moving out of Florida and want to sell the house. Zillow and Opendoor both made great offers 20k more than the next door neighbor sold his on MLS last week.

    Here's where my problem. The roof on our house is ending its lifecycle and it's been replaced by the HOA. Our HOA started the process a year ago and is going through an insurance claim and long story short it will be another year till we get a new roof we suspect.

    However, we want to move in the next 90 days. Open market listing isn't getting us the same offers as opendoor/Zillow.

    What do you think our best option is? Anyway to beat the system? We're trying to get as much as we can since we have to dive into a bit of savings as we're going to rent for a year.

    Thanks in advance.

    submitted by /u/CaptainNayak
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    During probate, what happens to an estate (which is just a house) if it’s worth more than the deceased owner’s debts? NY for reference

    Posted: 07 Sep 2021 07:31 PM PDT

    Would the house still get sold to pay those debts, or could the family keep the house? Would it be possible to pay them off in monthly installments? Or is the only outcome that the house gets sold, and all beneficiaries receive a bigger share since the debt is low?

    submitted by /u/Blarmboys
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    Capital gain tax

    Posted: 07 Sep 2021 06:37 PM PDT

    I sold my self occupied house jointly owned with my wife at $1.5 million. The house was purchased at $0.5 million years ago. We are entitled for $0.5 million capital gain tax allowance. If we plan to buy a $1.6 million house, are we still subject to capital gain tax for the $0.5 million taxable amount? Please explain😊

    submitted by /u/pitak274
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    Will the market ever die down?

    Posted: 08 Sep 2021 12:20 AM PDT

    I offered 150k on a home that was listed for 160k. It had water intrusion, messed up heater, electrical issues, possible foundation problems, sewage problems.

    Next day someone made a cash offer and the seller decided to go with them instead. I think my offer was very generous and in a regular market the home wouldn't have sold so quickly for the amount they were asking. It's like there's no room to negotiate, people either offer 40k over the asking price or go all in with cash.

    submitted by /u/darkmatter201
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    Cap on what someone can claim as rental income if they are a first time landlord?

    Posted: 07 Sep 2021 03:36 PM PDT

    I heard someone mention this, but didnt get much more info on it. Does anyone know what this is about? I guess its a safeguaed from people charging their friends high rent to show large rental income.

    submitted by /u/chikadino1
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