Seller not wanting to give keys Real Estate |
- Seller not wanting to give keys
- IBuyers
- Would it make financial sense to empty out my Roth IRA ($20,000) for my first property?
- How did you avoid becoming discouraged when looking for your house? How long did it take you to find the right place?
- [AZ] Difference In price of renovated homes compared to non renovated homes?
- How do you get rid of cold feet/buyers remorse?
- Shooting for the moon with asking prices
- Anyone who lives or has lived in a condo, how noisy was it?
- Saw a townhouse listed for $510,000 AUD - it was totally trashed!!
- Rent in krakow
- Overbidding still happening in San Jose
- Title company slow on property insurance payment
- $500 “Brokerage Fee”
- Need an offer that is top tier
- Finally closed on a home, and now we found what seems to be water damage that wasn’t found in the inspection… how screwed are we?
- I missed out on my dream condo. Should I contact the listing agent and ask them to keep me informed if the deal falls through?
- I'm self employed and wanna know what income lenders look at
- To lock rate now or wait til next week? Thoughts??
- Where do people looking to buy houses meet ?
- Questions about water damage on ceiling
- Audiobooks on Real Estate Investing
- Downpayment Assistance with Lower Downpayment or Higher Downpayment with no assistance (NoVA)
- Submitting an Offer with a "promise" of a rent-back
- How to get all info about home off the internet?
| Seller not wanting to give keys Posted: 02 Oct 2021 02:25 PM PDT Update: Got the keys! Thank you so much everyone! Learned the hard way and won't agree to this type of transaction again. Hi! My family purchased a resale home and closed on it on the 29th. However, the seller requested until October 2nd to give the keys to which my family agreed and that was added to the contract. Earlier today their realtor contacted ours and told her that the sellers were still cleaning the house so they would give us keys by 2PM. Well now the sellers are saying their baby has covid so they don't think they can give the keys today. Our realtor is aware of what's happening and now she says that the sellers are not picking up the phone. Not sure what our options are here and I was just wondering if anyone has experienced something similar? :( [link] [comments]  |
| Posted: 02 Oct 2021 04:53 PM PDT I'm sorry to rant, but this whole new wave of iBuying is Scummy as hell. I fear that it will contribute to the next housing market crash, then they will get bailed out by the government and eventually all middle class/majority of americans will end up only being able to rent from them. These iBuyers will eventually have "Landlords" and "Property Managers" that work for the parent iBuying company. I think even real estate agents will shift to this model and all be part of that business org. These are corporations and not people. Homes are meant for people. It's taking power away from every day people that want to buy a home and it's honestly sick. Eventually Government backed zillows, redfins, etc will become a reality because they will become "Too big to fail." It seriously needs to be put down before it causes irreparable harm. [link] [comments]  |
| Would it make financial sense to empty out my Roth IRA ($20,000) for my first property? Posted: 02 Oct 2021 08:08 AM PDT From what I have read, a Roth IRA allows the principal amount invested plus $10,000 of earnings (when used for a home purchase) to be withdrawn penalty free. Due to the nature of a Roth IRA, these funds, once withdrawn, cannot be replenished. Should I save up for another two years to afford a home, or would entering the real estate market two years earlier be worth setting my Roth IRA back 3 years of contributions? [link] [comments]  |
| Posted: 02 Oct 2021 04:50 PM PDT So I'm (29/F) a first time homebuyer. I've been actively looking for about 3 months now, but I'm finding the process extremely discouraging. The few places that I've put offers on either ended up selling for 25% (or more) higher than the asking price, or the seller accepted an all cash offer. I'm starting to feel like I'm going to have to settle for a place that doesn't have everything I want (central air, in unit laundry, ability to rent it out in the future). Most places I see only have one of those things. I don't know if I should reconsider my non-negotiables, or keep holding out hope that other good places will become available in the future (and that I'll actually have a chance to get my offer accepted). How long did it take you to find your home? Do you feel like you ended up sacrificing a lot of what you wanted? How did you avoid becoming discouraged during the process? [link] [comments]  |
| [AZ] Difference In price of renovated homes compared to non renovated homes? Posted: 03 Oct 2021 01:24 AM PDT I'm way out of my depth here so bear with me. I'm looking into buying the condo I live in currently. The condos in the same building as me were sold in January and March but they were renovated before being sold for around the 100k price. My question is when making an offer on the one I'm looking at buying how much of a difference in price would it be for this non renovated condo? This condo has been rented out for a while before I moved in. I would say around 15 years and the place has only been repaired. If there is any information I can give out to help let me know and I'll try to answer as fast as I can [link] [comments]  |
| How do you get rid of cold feet/buyers remorse? Posted: 02 Oct 2021 11:31 PM PDT Still can't come to terms with how much the prices have sky rocketed in our local market over the last 2 years. It's straight up depressing. Well now we're in process of closing, paid way more than we were hoping. This price could've purchased us a dream home just a couple years ago, and I'm getting cold feet. Feels wrong buying. Is this normal to feel or ..? Not sure 😞 [link] [comments]  |
| Shooting for the moon with asking prices Posted: 02 Oct 2021 08:53 PM PDT Sellers want top dollar for homes and aren't shy about asking. But signs emerge that the housing market has slowed. https://www.newsbreakapp.com/n/0cDZBjcj?s=a99&share_destination_id=NjY1MDU5MTYtMTYzMzIzMzA5MDUzNg==&pd=04V3E4aE&hl=en_US [link] [comments]  |
| Anyone who lives or has lived in a condo, how noisy was it? Posted: 02 Oct 2021 10:31 PM PDT Obviously this will vary based on who your neighbors are, whether you're on the top or bottom floor, etc. But I'm just trying to get an idea. I've never lived in a condo, but I like a lot of things about them. My major concern with condos would be the possible noise level. I work from home, so I'll be spending a majority of my life inside of the condo. And I don't want to be constantly distracted by lots of noise from neighbors. So, how noisy is it/was it for you? What floor were you on? Was it enough for you to be constantly annoyed? [link] [comments]  |
| Saw a townhouse listed for $510,000 AUD - it was totally trashed!! Posted: 03 Oct 2021 04:10 AM PDT Hi all! I live in Australia where the housing is going up and down and partner and I got pre-approval for $550,000 tops so we saw this townhouse listed as a private sale with a solid price of $510,000 so we went to look. It was absolutely disgusting!!! All the skirting boards had chips and what looked like water damaged through the whole house. The vinyl tile floor boards on the ground level didn't join up at the points and had gaps big enough to put a bottle cap in if we had one. The 2 downstairs bedrooms had no door handles and when we went in the bedroom and closed the door after us there were nails in the door like someone had barricaded themselves there. All the doors had kick marks and scratches that would make it so they doors would all need replacing. Every single wall, and I mean EVERY wall, had patch jobs and most of it you could clearly see the square cut out and some points even had the metal of the plaster poking through. The toilets had ruined floor tiles that needed to be torn up and replaced. They had ripped the towel rack off the wall and placed it lower with the giant disgusting patch work. The kitchen cabinets almost all didn't close properly. All the carpets were stained, you'd have to rip it all up. The photographs advertising this place, after we had a look, was clearly from when it was first built which according to records was in 2017. Is there something we can do about this? Can we report them for fake adverting? We have since found a brand new place, just been built completed 3 weeks ago for $435k (If someone can tell me how to attach photos I'll put some in the comments ) [link] [comments]  |
| Posted: 03 Oct 2021 04:05 AM PDT Where and how can I find cheap apartments in Krakow other than airbnb and booking? Airbnb is very expensive. Is there anything alternative? [link] [comments]  |
| Overbidding still happening in San Jose Posted: 02 Oct 2021 07:12 PM PDT The house across the street from me sold for 25% over list and closed this week. That seems nuts but it's a single family home and those will eventually become more precious. [link] [comments]  |
| Title company slow on property insurance payment Posted: 03 Oct 2021 03:38 AM PDT We closed on our home sept 17, the next week we received a letter of intent to terminate from our home insurance due to non payment. I called the title company who said "the check has been mailed, ever since Covid it's taken longer to deliver" and state they will not stop/reissue the check until at least 3 weeks have gone by. Our insurance drops our policy Monday (2 days from now). Is this normal? I figure these things were wires/overnighted checks. What kind of recourse or steps do I have here? Info: this is the title company for a major multimillion dollar national builder, not some small time mom and pop title. I have double checked the closing and they are supposed to pay out the property insurance amount. [link] [comments]  |
| Posted: 02 Oct 2021 02:12 PM PDT Hello! I'm a first time home buyer and have met with a real estate agent. I have not signed a buyers agreement yet. The agent mentioned a $500 "Brokerage Fee" that is paid to agent's company when I close on a home. I'm curious to know is this an industry standard? Is this a fee that's being charged to the buyer's agent by their brokerage, and now being passed along to me as the buyer? If this is normal, is the brokerage fee something I can ask to have waived/negotiated, or should I look for a different agent that does not have this brokerage fee? Any insight is much appreciated! [link] [comments]  |
| Need an offer that is top tier Posted: 02 Oct 2021 06:31 PM PDT Money is not really much of an issue but obviously we would prefer to pay as close to market value as possible and and at least break even in a few years or so in the event of a dip. We know we probably need at least 5000+ over appraisal as the last home we put an offer on was a comp of this and 5000 over didn't cut it. Some of the other things we are looking to make use of for the offer to stand out are
Is there anything we are missing? What kind of offer would you guys do? The property would be perfect for our family's future financially and otherwise so we are keen to make a serious offer. [link] [comments]  |
| Posted: 02 Oct 2021 08:24 PM PDT Images in a comment below. House was built in 2015. This is on the first floor of a tri-level home. On the third floor, directly above this, is the laundry hookup. My worst fear is a leaking pipe + mold, and I have no clue where to begin. We did our own inspection and this wasn't on our report, nor found by our inspector. Seller provided their own inspection report and it wasn't on there, which strikes me as a bit shady as it looks patched up. Kicking myself for not seeing this on our walkthroughs of the home. Just missed it since it wasn't on eye level [Pictures of the damage]()https://imgur.com/a/MxUZQIP/ [link] [comments]  |
| Posted: 02 Oct 2021 11:59 PM PDT There was a condo I really wanted. It was the only place that had every single thing I wanted. However, the seller accepted an offer on it before I got the chance to submit my offer. I know that sometimes things happen where I've seen places that were pending sale/contingent go back to active on the market in the past. Would it be acceptable to contact the listing agent and see if they can keep me in the loop if for whatever reason the sale doesn't go through? That way I can immediately make an offer and they don't have to relist it? Or should I just leave it alone and wait to see what happens? Have you ever done this? [link] [comments]  |
| I'm self employed and wanna know what income lenders look at Posted: 02 Oct 2021 11:39 PM PDT Is it based on AGI or gross? I'm a contractor and drive alot and get a deduction of 56 cents a mile. I make around 40k but only pay tax on 23k because of the very large mileage deduction. In reality I'm only spending about 4-5k on my business, the rest is profit. I understand I need two years of 1099s but will they review my tax returns and mileage logs or will they just look at my AGI and laugh at me? [link] [comments]  |
| To lock rate now or wait til next week? Thoughts?? Posted: 02 Oct 2021 09:15 AM PDT I know this is such a gamble but god so stressful! we got a decent rate, 2.87% with $277 point payment. On fridays historically they're saying aren't the best rates but that this Friday wasn't bad. We have an option to wait til next week, but rates can come up next week, no one can say. Should we lock now or risk waiting?? 😬 [link] [comments]  |
| Where do people looking to buy houses meet ? Posted: 02 Oct 2021 11:25 PM PDT I'm trying to get into real estate before I graduate high school. I want to have an advantage over those who get in to it after high school. I've been talking to brokers for mentorship and job shadowing. I want to know where people trying to buy house go or look for them at, is there a event maybe lots of homebuyers talk at? [link] [comments]  |
| Questions about water damage on ceiling Posted: 02 Oct 2021 07:34 PM PDT We are interested in putting in an offer of a home but the problem is that when we viewed it, it had about 3 (1ft wide) circles on the ceiling of the first floor beneath the 2nd floor master restroom. The circles are very round and had a slightly off color around it or it looked like it was painted over. And one of the circle had uneven texture as well. I couldnt get a good photo but this is one of them. Is this water damage? How much does it cost to fix? We are doing an inspection but they are selling house as is. Itll really change our terms on contingency if this is indeed water damage. House was built 2009 [link] [comments]  |
| Audiobooks on Real Estate Investing Posted: 02 Oct 2021 11:19 PM PDT Hello, I plan to buy an investment property in 2 yrs. It will likely be a small multifamily, but open to single family. Any good book recommendations? I like audiobooks personally. I've read Long Distance Real Estate Investing, and Rich Dad Poor Dad. [link] [comments]  |
| Downpayment Assistance with Lower Downpayment or Higher Downpayment with no assistance (NoVA) Posted: 02 Oct 2021 07:15 PM PDT So, Virginia Housing provides quite a few programs for first time homebuyers. I'm looking for a condo in the price range of around 400k. I have about 80+k In liquid assets and 50k+ in retirement accounts. VHDA provides a 2% downpayment assistance grant for those making under 110k a year. The only catch is that you cannot have a LTV lower than 90% (So basically, max of 10% downpayment). On a 400k condo, this is about an 8k grant, which effectively wipes out closing costs (41-42k-ish to get 40k worth of equity). This is also on top of a MCC that provides 10% back on the interest. The PMI through the program is estimated to be about $30 a month. Alternatively, I can also put about 15% down. So I would be paying nearly 70k-ish out of pocket to get 60k worth of equity. MCC still applies. Obviously, this would result in a slightly lower monthly payment (About $80 a month less). It almost seems like I should take the DPA, it would take about 8.3 years to 'save up' 8k from difference in mortgage payments. Though it would likely be a shorter once that PMI drops off. But that is assuming the 8k saved just sits there.....but we aren't really taking about just "8k" here, The total out of pocket difference is about 30k. This is a no-brainer right? [link] [comments]  |
| Submitting an Offer with a "promise" of a rent-back Posted: 02 Oct 2021 07:06 PM PDT I am submitting an offer to a purchase a SFR. The seller's agent told us that his clients need 60 days rent-back which I am okay with. However, in the offer, I noticed that my realtor did not check the box for the section "seller remaining in possession after COE". When I asked my realtor why they didn't check it, they said that we can discuss the rent-back if the sellers counter... is this common? i thought it would be better to check that we are including a rent-back situation along with lease terms. [link] [comments]  |
| How to get all info about home off the internet? Posted: 02 Oct 2021 03:46 PM PDT We recently bought a house and removed all the photos from zillow, redfin and trulia. But the various agent led sites still show the photos and other details. We were told they pull the info from MLS and the only way to get it off the internet is if listing agent tells MLS to mark the property "no internet". We've closed the house and have reached out to listing agent multiple times but he hasn't sent the email to MLS. How can we remove all this info floating out there about our house?? My husband takes security seriously and is very paranoid about pictures and floor plans available to whoever googles an address. It doesn't help that some of our close friends have been victims of house robbery and have lost a lot. We also asked zillow, redfin and others to remove the last sold price/tax info and zillow and trulia have not done so. Is there a way to make them remove that data?? I don't want some nosy family members know the exact price and date of sale. If they take the time to go dig into it, so be it but I don't want it displayed on zillow, trulia and other aggregators. Since it's my house, I should be able to restrict these sites from using it right? How can I make them remove it? [link] [comments]  |
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