What decade did they stop making ‘good’ homes? Real Estate |
- What decade did they stop making ‘good’ homes?
- Seller is a nutjob!
- What will happened to planned communities decades in the future?
- Could not get a mortgage as a remote worker (teleworking) without a formal letter from the employer saying we were PERMANENT TELEWORK
- We finally got an offer accepted!
- Can the company who owns my apartment building, dictate how I keep my clothes in storage?
- Has anybody used MethodHomes or similar to build a home?
- Quitclaims and title in AZ
- Best sites for buying coastal - beach side etc. property in Europe...?
- Sheer Number of Senior Sellers Dwarfs the Supply of Younger Buyers by 2040
- What's the etiquette for open houses when you have a realtor?
- Median Sales Price of Houses Sold for the United States rose 16.2% YoY. Since the 1970s each time the 15% YoY mark was reached a recession eventually ensued within 1-3 years of the 15% print
- 5 Minute Location Difference!?
- Buying in NYC: Seller wants post-closing possession
- Bridge loans?
- Did something happen on Wednesday? The bidding wars started again in my area…
- What does “temporarily withdrawn” mean on mls?
- Best way to find a Realtor
- (OH) Have you ever seen a stipulation like this? What do you think of it?
- Loan approval at risk
- “Fully bricked modular home”
- Intercom system - keep or remove?
- Will non-compliant stairs in an old house prevent an accessory dwelling unit if there are other means of entry? Seattle(WA)
| What decade did they stop making ‘good’ homes? Posted: 17 Sep 2021 01:31 PM PDT Y'know how people are always like, 'they just don't make homes like they used to' and 'builders don't take pride in their homes anymore', etc. If that's actually the case, is there a general idea of what era this became true? Should I buy a home built, for example, in the '50s vs. '90s? [link] [comments]  |
| Posted: 17 Sep 2021 02:47 PM PDT We have been in a very competitive market for a house with acreage for about 6 months. After a lot of heartbreak and losing many battles we finally got a great deal and were under contract with a for sale by owner property. The seller has been really difficult to deal with. He is either genuinely not too bright or a con man, or both. It started with him adding a very small random sum onto the counter offer, throwing a fit over inspections, and refusing to extend due diligence when the appraisal was behind schedule. Last week he straight up pulled out of the deal in blatant breach of contract. I was advised not to get into a legal fight because it can take a long time and ultimately we just want a house. He relisted it shortly after the termination for 50k more than our offer. My real estate agent says there is a straightforward case for fraud, specific performance, etc... Now today, not even one week later, the listing is back down and he is remorsefully asking to get back under contract with us. He has agreed to do it for the same price but is asking us to pay for $300 worth of landscaping. Like what? I'm at my wit's end with this situation. I do really want this house but I'm starting to feel like it's not worth it. Any advice would be appreciated. [link] [comments]  |
| What will happened to planned communities decades in the future? Posted: 17 Sep 2021 05:13 PM PDT This was sort of a shower thought.... In my lifetime, there has been an explosion of master-planned communities, most with HOAs where all the cookie-cutter homes look very homogenous. I will try to withhold my judgement on the appeal of these homes when new. But like all fads and fashions, even the nice ones will eventually look dated (every single one from the early 00's and earlier already do. Some being built today already do too!). In a more "traditional" community, the old dilapidated homes can be demolished/renovated and replaced with something more current. HOAs with their oppressive CC&Rs seem like they'd prevent such a thing from happening for the sake of "uniformity." Can someone enlighten me as to what might happen in 20, 50, 100 years to these tract home communities when they are old, ugly and falling apart? [link] [comments]  |
| Posted: 18 Sep 2021 02:11 AM PDT Shortly after the COVID Crisis started in the Spring of 2020 my wife and I moved from Northern VA to Raleigh NC to be closer to family and friends in North Carolina. We rented an apartment and loved our life in NC. Everyone in my wife's employer department has moved out of the DC area but continues to effectively work remotely via Computer/Internet and Phone. Her boss told us this summer that the department is on indefinite telework. My wife has a niche job that can't be found at a North Carolina employer and is earning Washington DC level wages while we live the good life in North Carolina. So after getting bored with apartment living, we worked with two different mortgage brokers to start the process of getting financing to buy a single-family detached home in the Triangle area of NC. Everything was going well until they told us that we would need a letter from the Human Resources people at my wife's employer saying she was approved for PERMANENT TELEWORK. My wife checked with Human Resources and her supervisor and they said a letter stating she was on PERMANENT TELEWORK was impossible because changes are possible in the future. They did not want to create a formal contract with that letter and designation. She is, instead, on INDEFINITE TELEWORK. The mortgage underwriters require a formal letter stating she is on PERMANENT TELEWORK if she lives more than 60 miles from her workplace. Why am I telling this story? Because many people have relocated to another city or state and are teleworking. And our story is a warning to them. They may be looking for a home to buy and will need a mortgage. I read some stories on other message boards where teleworking folks had their mortgage canceled just a few days before closing when the underwriter realized that they did not have a formal telework letter on file and the person could not get their employer to write such a letter. Losing lots of money in the process. [link] [comments]  |
| We finally got an offer accepted! Posted: 17 Sep 2021 08:40 PM PDT After what feels like years of house-hunting (it was only 6 months, but you know), we finally had an offer accepted on what turned out to be the best house we've seen all year. I know we still have to go through the inspection/appraisal process, but we're so happy to have finally had SOMETHING accepted. We had to compromise on location slightly, but it's totally worth it. The neighborhood is probably the best neighborhood in the next town over from our original hunting grounds (only a 15min driving difference!) Details: House: 2800 sqft zero-lot SFH (similar homes in our desired area are going for $100k-200k more!) List price: $300k Our offer: $325k + waived financing contingency (we're pre-approved for conventional loan) + $10k appraisal gap coverage [link] [comments]  |
| Can the company who owns my apartment building, dictate how I keep my clothes in storage? Posted: 17 Sep 2021 08:32 PM PDT I'm super confused, and not sure if this is where this should be posted…but I thought I'd give it a shot. We've lived in this apartment building for almost 2 years. It was recently sold from the sole owner, to a company that specializes in owning rental properties. We got a letter on all of our doors, saying that pest control will be making inspections. Totally fine. This place is spotless, and doesn't have a single pest. The pest control company came in with a clipboard, walked around, and took notes. We got a call from our new landlord about the way I store winter clothes….I keep them in my storage closet, in tote bags(the kind you buy at a grocery store, to cut down on plastic bags)… the clothes are clean, folded and put away until winter. Our landlord said we have to keep clothes, in storage, in "clear Plastic containers that snap shut"… to "keep mice and bugs away… And if we don't we will be FINED Is this even allowed?? I've never been late on rent or utilities once… my apartment is spotless. The clothes are clean and put away. Can he fine me for how I keep my clothes in storage? This is bizarre and ridiculous. I'm so confused. I've never heard of this in my life [link] [comments]  |
| Has anybody used MethodHomes or similar to build a home? Posted: 18 Sep 2021 04:14 AM PDT They have pretty nice predesigns from well known legit architects like Swatt Miers Architects. Would it make sense to go this route to save some money vs a more traditional approach? [link] [comments]  |
| Posted: 17 Sep 2021 11:47 PM PDT A married person here signed a quitclaim deed in 2013 in AZ. Now refinancing with the spouse and being added to the mortgage and title of the same property. However, next to the spouse's name it says "sole and separate property". Does it mean my name on the title mean nothing? Or it is a clerical error. Thank you! [link] [comments]  |
| Best sites for buying coastal - beach side etc. property in Europe...? Posted: 18 Sep 2021 03:30 AM PDT Hello, if one wanted to buy a house/villa near sea in European (or close) countries (like Spain, Portugal, Italy, Greece, Cyprus, Croatia, Bulgharia etc.)... What online sites to visit... Yeah i guess there are TONS... But im asking for the few, the best, the biggest ones, the ones who cover most European baseds Beach properties...? (Is there even such a thing...?) I know only about https://www.idealista.pt/en/ , but that one is just for Portugal and Spain... Any ideas....? (and ideas for other subrredits regarding this issue...? I think this it mainly for US subredit...?) Thanks [link] [comments]  |
| Sheer Number of Senior Sellers Dwarfs the Supply of Younger Buyers by 2040 Posted: 17 Sep 2021 04:12 PM PDT https://readingroom.law.gsu.edu/cgi/viewcontent.cgi?article=1067&context=jculp What do you think of this study? The implications are earth shattering (?) Do you live in a small lot in walkable area? Do you live on a large lot in a non-walkable community and are worried? In normal times, younger generations replace older generations' homes. Those times may be over for four reasons:
All this adds up to perhaps more than 10 million seniors being unable to sell their homes between this Festschrift and about 2040. [link] [comments]  |
| What's the etiquette for open houses when you have a realtor? Posted: 17 Sep 2021 05:49 PM PDT My realtor and I are "taking a break" because I got burnt out by the crazy market. I'm seeing a few houses that are actually reasonably priced with an open house. Can I just go by myself and let her know if I like it? [link] [comments]  |
| Posted: 18 Sep 2021 02:30 AM PDT |
| 5 Minute Location Difference!? Posted: 17 Sep 2021 10:22 PM PDT Tell me I'm being crazy here.... We're in the market for a house in the Denver area (Golden/Lakewood for those familiar). And I'd like to be in an area where I can go on daily hikes more interesting/challenging than a walk around the pond. The amount of house you can get varies between areas that are maybe 5-8 minutes apart. Assuming other factors being about the same, is this crazy to go for the smaller/less updated house to be 5 minutes closer? Amounts to about 4 miles. I'm learning towards, yes it's worth it! Esp for something you do every day and the fact I hate transit time. Obviously this is a very subjective/personal question with a lot of variables. But I'm curious if anyone agrees with me. What's the amount of time to you that actually matters? [link] [comments]  |
| Buying in NYC: Seller wants post-closing possession Posted: 17 Sep 2021 11:22 PM PDT I'm negotiating a contract of sale for a house in NYC. The seller wants post-closing possession for up to 7 days. I've been told that they're planning to buy another house, but they need funds from selling this house before they can close on their new house. My attorney suggested signing a post-closing agreement in addition to the contract of sale. I'm concerned that if the seller doesn't move out after 7 days, I will have to formally evict them, which under normal circumstances can take several months. With the eviction moratorium in NYC extended until mid-January, it can take even longer than several months. The house is $1.5m and I'll be taking a $1.2m mortgage. I'm thinking of asking for $200/day during the 7 day post-possession period (this covers the mortgage), $500/day if they don't leave after 7 days, and $100k in escrow using proceeds from closing. $100k is a lot of money, but I feel it's justified given the lengthy eviction process. Also, as long as the sellers hold up their end of the deal, they'll get most of the $100k back. I also want my attorney, not the seller's attorney, to be the escrowee. Are my requests reasonable? I'm a first time homebuyer so all this is new to me. I want to protect myself as a potential buyer, but I also want to be fair to the sellers and do my part to make the deal go through smoothly. [link] [comments]  |
| Posted: 17 Sep 2021 11:16 PM PDT Does anyone have any tips on utilizing equity in your existing home to pay towards a new home? We bought in 2015 and would like a larger home to accommodate our growing family. We have quite a bit of equity in our current come (it's current value is around 2x what we paid) that we'd like to use towards purchase of a new home, but the hurdle seems to be qualifying for 2 mortgages in the short term. We would be selling our current home after purchase of a new one. I'd love to hear any experiences with this process or recommendations. Thank you! [link] [comments]  |
| Did something happen on Wednesday? The bidding wars started again in my area… Posted: 17 Sep 2021 10:31 PM PDT The market is slowly cooling down in my area. I have been trying to lowball a few houses (offering 6-10% lower), and received counter offers of 2-4% below asking. Most houses, except a few, stay on market for more than 30 days now. When I thought the bidding war is finally over, it started again on Wednesday (9/15). A lot of houses are fully booked the day they are listed, and go under contract in less than 3 days with 10+ offers again. I offered over 10% and still lost them. What is causing the sharp change in the market? We are in the south east. [link] [comments]  |
| What does “temporarily withdrawn” mean on mls? Posted: 17 Sep 2021 10:05 PM PDT Saw a house that I absolutely love, but it was only on the market for a week in July and then it changed to "temporarily withdrawn". What does this typically mean? I was thinking of going and knocking on their door to see if they're interested in selling [link] [comments]  |
| Posted: 17 Sep 2021 03:41 PM PDT Hello! I've been looking to buy properties an hour out of town for a airbnb/weekend getaway. I'm currently eyeing small .5-2 acre lots or cheap homes. I'm newer to this area and I've yet to network out and find professionals. I plan to contact an agent through Zillow and google around to find some options. I'd gladly take any advice on how to move forward. I found a small property and I'd like to act on it but also want to find a realtor that I can build a partnership with for future business. Thank you! [link] [comments]  |
| (OH) Have you ever seen a stipulation like this? What do you think of it? Posted: 17 Sep 2021 12:40 PM PDT We are looking around at houses. I just saw the following in a listing. "This property is for sale by deed in escrow. Once an offer is accepted, buyer will have 180 days to complete required repairs as outlined by seller in application before deed can be transferred. Buyer must show proof of funds/financing for both the acquisition and rehabilitation costs associated with this property prior to making an offer." It seems odd that a seller would want such control over the kind of renovation done but maybe this is a common thing. I don't know. It sets off red flags for me. What do you think? [link] [comments]  |
| Posted: 17 Sep 2021 09:09 PM PDT EDIT: I was not actively looking for a house and the credit cards were applied 2 months before. But stumbled upon a house that I really liked and then put an offer on it so at the point of applying the cc, I didn't expect a mortgage underwriting within the next few months. If I've known or expected the loan, I will not have done it. I wanted to know if anyone has gone thru similar experience and the outcome. I wasn't expecting to put an offer on a house but came across a place that was perfect for us. Since I didn't expect to take out a loan, and I have a $7000 tuition fee to pay, I decided to take out a few new credit cards to earn the sign on bonus. I paid off all balance and doesn't carry any debt. Now my loan is going through underwriting and I have been asked more and more documentation for the last 4 weeks. Every week, underwriters needed something new. And today they said I've too many enquirers last few months because of the credit cards and asked me to show proof that my cash is not from debt. Will my loan be rejected? I'm providing all required proof and they also requested a letter of explanation on where my money came from. Is that normal? Should I be worried? [link] [comments]  |
| Posted: 17 Sep 2021 01:17 PM PDT My wife and I are in the processes of looking at our buying options. This property recently went up. We LOVE the area and the land, but the house is a little lackluster - it's described as a fully bricked modular home and I'm not sure if that means it's a double wide encased in brick, or if it has an actual foundation??? If it's the latter option, we would be able to do renovations which significantly ups the house for us. But I don't know how to find that information? I've reached out to the sellers realtor but am waiting to hear back. Has anyone dealt with a situation where they remodeled a modular home such as this?? Is it something that's possible?? Also: we would be offering under listing as the market has cooled significantly here and this house sat on the market for three months from feb-may of 2021 as well. The extensive remodel would not be worth it for us / possible if we offered at listing price. [link] [comments]  |
| Intercom system - keep or remove? Posted: 17 Sep 2021 01:16 PM PDT Hi, we just closed on a house that has an intercom system. It works fine. I don't know how old it is but I would assume it went in when the house was built in 2008, though it could be newer. The house is 2 stories and around 3400sq feet, so maybe it would be nice to be able to tell the kids that dinner is ready or something, but realistically I don't think we will ever use this thing. Is it adding any kind of value to keep it? If we get rid of it I want to do it now because we are having the whole house painted before we move in. Would you keep it or get rid of it? [link] [comments]  |
| Posted: 17 Sep 2021 04:28 PM PDT Howdy. Looking at an older house in Seattle. It has a main floor with 2 beds and a bath and a basement with 2 beds and a bath. Each floor has a front and back door. There's a narrow, old staircase that connects the main floor and basement unit. The rise and run are really egregious and there's not really enough clearance to make these steps up to code with out punching a larger hole in the floor. If one wanted to make the basement into an ADU, would this prevent it from being legal? The stairs aren't really necessary, since they would be separate units and one wouldn't generally be going up and down them. Rip out the steps? Case to be made for putting in compact steps since it's safer than what's currently there? [link] [comments]  |
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