Zillow's service charge is 14.9% ?!? Real Estate |
- Zillow's service charge is 14.9% ?!?
- Wish I could review houses
- Mortgage transferred to new lender. Upcoming insurance payment still shows old fee.
- 2nd time home buyer, 1st time trying harder not to be a dumbass about it. Just had inspections done and now negotiating. What's worth walking away over? Am I being unreasonable about anything?
- The market still seems crazy... (MA)
- Apartment is not soundproofed whatsoever, looking for advice.
- Why does Zillow look like a different housing market?
- Crypto Funds and Down Payment Seasoning
- Is it a red flag that my contractor says that he’s going to give me a call back but never did?
- Paying rent - Fees
- Seeking advice for how to legally + politely "evict" a roommate without a lease (Virginia)
- Any guides on buying for first time homebuyers?
- First Time home buyer. Is 3% down even plausible in this market?
- How do I find a new apartment quickly with a bad credit
- Seeing an old listing on Zillow?
- To paint or not to paint?
- How can I determine an asking price when selling to tenants?
- New program which will affect anyone near water
- Crime rate?
- Landlord Policy with Highest Liability Coverage
- Deeding Property Back to Land Contract Holder
- Will iBuying come to NYC?
- Has the housing price boom spilled over to age-restricted communities?
- Selling house and buyer backed out
| Zillow's service charge is 14.9% ?!? Posted: 30 Sep 2021 07:39 PM PDT I heard from lots of folks here how Zillow's offering above market value with very minimal fees, so I decided to check it out for myself. I got quoted 14.9% service charge and $6284 closing costs. 14.9% That's way above the traditional real estate commission. How's this reasonable? And who would go through this with Zillow? Even Zillow's "compare to a traditional sale" link says that it would cost significantly more to sell to Zillow (see imgur link below). Location: San Diego, California [link] [comments]  |
| Posted: 30 Sep 2021 08:38 AM PDT Went to see a house, pictures looked great but IRL revealed many problems. Windows are in bad shape, possibly leaking, visible roof damage, some mold in the basement. Nothing disclosed. When we asked about the roof damage they insisted they had it "professionally inspected" and claimed it was cosmetic damage (haha). Still it's a good layout, size, area, etc. Told my realtor I wanted to lowball, he suggested an even lower price than I thought based on comps and condition. The house is back on the market after a prior buyer backed out, probably for the same reasons. So we sent the offer and they came back with a mere 5k drop, refused to budge any further, and demanded we drop the inspection (lol). I responded with "Hey, failing to disclose mold is illegal you know?" (it is impossible to miss). But I guess they want to hold out for a dumber buyer than me (good luck!) Anyway its no big loss I just feel like I should have some kind of google review to let people know these sellers are criminal liars. [link] [comments]  |
| Mortgage transferred to new lender. Upcoming insurance payment still shows old fee. Posted: 01 Oct 2021 01:58 AM PDT When my mortgage was transferred to a new lender, I previously asked this sub if I needed to do anything like call by insurance company to update. I had the impression the it was all automatic. I just want a confirmation. I got a statement from my insurance company a few weeks ago of my new rate. It increased. I recently checked my mortgage escrow details, and it shows that my lender has an upcoming payment to my insurance company based on my old rate. Do I need to do anything? Or will this correct itself out? I'm not sure if the lender will check with the insurance company for the updated fee. And I'm afraid that the insurance company will reject the short payment and drop my coverage. [link] [comments]  |
| Posted: 30 Sep 2021 10:32 PM PDT We offered $389K for a house built in 1924 that we intend to keep as a forever home. It was originally listed $415K and sat on the market for 50 days through multiple price decreases. The appraisal came in at $390K. Got a general inspection and plumbing scope done. The medium/major findings are below, and what we're trying to negotiate.
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| The market still seems crazy... (MA) Posted: 01 Oct 2021 12:07 AM PDT |
| Apartment is not soundproofed whatsoever, looking for advice. Posted: 01 Oct 2021 02:40 AM PDT Hi everyone, My gf and I just finished our first week sleeping in our new apartment. It is located in an older house in the center of Brussels in Belgium. There is a day care for babies on the first 3 floors and then there is 2 standard apartments and 1 duplex apartments on the highest floors. We are renting the apartment between the duplex and the lowest apartment. When we visited the apartment the real estate agent told us that the whole building was renovated because of the day care, and that they soundproofed it because of the babies. We could indeed not hear the day care whatsoever. When we moved in last Saturday, we were immediately woken up by our upstairs neighbour who walked around in the middle of the night on his terrace (he came back from a party) which is located above our bedroom. It was immediately apparent how little the sound was blocked, even though he was not doing anything special. In the last week we noticed it every time he was walking around anywhere on the house, every time he put on music, every time he did anything. We were woken up multiple times because of the vibrations of his footsteps and the noise. The ceiling is literally not blocking any impact noise. We talked to him and luckily he is a very nice guy and even proposed to sell his speaker to buy a smaller model, in order to accommodate us. We also bought foam earplugs from Amazon and are systematically closing all doors to try to block any sound. Our upstairs neighbour is currently travelling and has a friend come in to water his plants. This morning we were woken up at 06.30 because the friend was walking on the terrace. The earplugs did not block anything whatsoever, as the whole room was shaking because of the sound. It seems that the noise is even amplified sometimes. We are a bit desperate, we fell in love with this apartment because of the style, but feel cheated by the real estate agent and the owner. They clearly did not do any effort to put any insulation between the apartment and our first week here has already been quite shitty (our lease is 3 years). As said: the earplugs don't help and I read that a white noise machine is not effective against impact noise. Does anybody have some experience with this kind of problem and can propose some solutions to make it more bearable? Anyone specialised in Brussels housing law and can tell us whether we can take legal action against owner? Thanks! Tl;dr: There is no soundproofing in our new apartment and we hear everything our upstairs neighbour does, looking for advice [link] [comments]  |
| Why does Zillow look like a different housing market? Posted: 30 Sep 2021 07:02 PM PDT I live in bowling green kentucky. When I search zillow there is very few houses for sale under 200k. There is some, but not many. Now when I go to RASKs (real-estate association of southern Kentucky) website there is lots of nice houses in the 150-200k range in my city. I do not live in a "hot market". I live in a lower income city where the median income is 24k. It's like when I look at zillow it's a completely different housing market. I'm so confused. [link] [comments]  |
| Crypto Funds and Down Payment Seasoning Posted: 30 Sep 2021 07:51 PM PDT I plan to purchase a home in 2022. Initially, I had planned to buy in 2020, but the pandemic put a stop to my plans. With the pandemic having no end date, I plan to start looking for a home in early 2022. I am not ready to do so in 2021 as I will be taking a 1-month vacation later this year. I have about 10% of the home price range I am looking at in cash sitting in banks. I also have a significant amount of money tied up in cryptocurrencies. If I took 10-20% of the home's value out of crypto to fund my down payment, will lenders be open to treating my crypto funds as seasoned funds as I have had them for a few years (in the form of crypto)? Or would I need to take those funds out to my bank account 60-90 days before house hunting? For those who may not know, large amounts of crypto are normally stored in cold storage. This means the funds are in the cloud, and a device I have at home has the key to move the funds. The bulk of the crypto are not at an exchange, bank, or other financial institution. With that said, I would move the crypto to an exchange to sell them and then move the funds back to my bank account. I would be able to provide documentation from the exchange and my bank. I would also be able to show the loan officer/mortgage broker the tracing of my funds (public record but not tied to my name). These are all legitimate accounts that I hold and that I pay taxes on when I incur a taxable event (e.g. earn dividend like rewards or sell). Edit: Other potentially pertinent background. 800+ FICO 8 score (not sure about mortgage specific scores). 50+ active credit accounts (mostly credit cards). Under 1% credit utilization. No recent new accounts (last 12 months). No debt. Looking at homes around 3.5x income (W-2 income). [link] [comments]  |
| Is it a red flag that my contractor says that he’s going to give me a call back but never did? Posted: 01 Oct 2021 12:19 AM PDT I was speaking to my contractor about the house I'm going under escrow with right now. In about a month, he will be working on the house that I purchased to flip. I wanted to give him a call to ask him why he never sent me the contract to hold the spot for him to work on the house for me. When I mentioned work, he told me he will call me back later. A few hours later now it's night time and he never called me back. Somehow can I call her back tomorrow. But why is it that he can talk about work in front of whoever it is. Is this contractor shady? I saw him work on such a gorgeous house that I drove by in my neighborhood. So that's why I chose him. Based off of this information, would you guys work with this contractor if you were in my position? [link] [comments]  |
| Posted: 30 Sep 2021 09:38 PM PDT Our property management company charges a 3% fee + $5 to pay for our rent through their portal or to put down a bank account which also changes a fee. Are there any established was around this? [link] [comments]  |
| Seeking advice for how to legally + politely "evict" a roommate without a lease (Virginia) Posted: 30 Sep 2021 08:06 AM PDT My roommate and I have lived together for 5 years with no lease in a house that I own. We used to be friends, but we've grown into more of a mildly tense coexistence. Meh. I want to live alone now. Any recommendations for how to announce his eviction? Conversation first, then email? Any other considerations I should keep in mind? My understanding is that Virginia law requires 30 days notice, but I plan to give him 60 days. Is this reasonable? [link] [comments]  |
| Any guides on buying for first time homebuyers? Posted: 01 Oct 2021 03:25 AM PDT So im getting ready to buy a home and I just wanted to know if there are any guides for beginners? I dont wanna be taken advantage of and I want to make sure I don't get myself in a bad position buying something. I need guides in terms of house inspections how escrow works, how making a offer works, how using a lender works, and a lot more just all of the basics. I have a couple questions off the top of my head if someone can help out, now but I would really love a big e book guide or youtube series. -What happens if you buy a house using a lender, then you sell the house after for example 2 years, does the lender get shifted since you payed the mortgage off and now they done earn interest on what you would have ended up paying? Or would the lender require a percentage of what you would pay in interest?- -How do you get inspections done? For like electricity plumbing air conditioning, condition of the actual house etc... And who would pay for the inspection? So does anyone have any resources on learning for first time homebuyers? I don't want to just google or ask a question on reddit when i have a question when I have a million, I just want to learn. Should I take a real estate class to learn? Or are there guides for homebuyers? [link] [comments]  |
| First Time home buyer. Is 3% down even plausible in this market? Posted: 30 Sep 2021 09:54 AM PDT Hi! So my husband and I are currently in a rental home and we were planning to ride out this market until it calms down a bit. However, our landlord is looking to talk to us next week and I worry they might want to sell their house since it's a seller's market. We have been great tenants and all, but she would probably make a ton of money on this house, so I worry she is going to tell us she is selling. I just like to expect the unexpected and be prepared in case she tells us some bad news. That being said, we are looking to see if its even possible to buy a house right now. Mortgage payments are not an issue at all. It's the down payment (as it is for most first time home buyers I'm sure). We were told FHA loans are not worth it and to do a conventional. I know some conventional loans only require 3% down. My husband and I have great credit (750+) My worry is with the competitive market, we wouldn't even come close to being taken seriously. We live in Massachusetts and our jobs are too important to us to move out of state. But MA is extremely expensive to live. Renting somewhere else will also cost a lot more money than what we do now, so we are hoping we can buy. TLDR: Might be forced to move out. Can we do 3% down on a house in this market or is it unheard of right now? [link] [comments]  |
| How do I find a new apartment quickly with a bad credit Posted: 30 Sep 2021 08:47 PM PDT So May 2020 I was 23 and just left a very toxic and abusive relationship. I literally grabbed what I could fit in my car that day and never looked back. Anyways that time of my life was rough. I was young, immature and really screwed myself today. During that relationship I fucked up my credit and got myself into a lot of debt. After that relationship I lived at my parents for a couple weeks and actually found an apartment that would let me move into it kinda really fucking easily. They literally didn't give a fuck about anything, gave them a little money and they gave me the keys. At the time it was fucking awesome. 23 year old me was on her high horse and partied at that apartment every night. I am now 25 sitting in that same apartment and currently have had no hot water for 7 days now. Last week I fell through the steps outside. This apartment is a shit show. I've grown up so much over the last year of my life and I'm very haunted by my past. I wish I could escape it so bad but I can't. I don't want to be here for winter this year because last winter there were so many problems with the heat.. and I don't want to deal with that again. I work three fucking jobs now. I don't want to worry if I'm going to have heat or hot water when I get home at night. I been working to pay down on my debt so I can build my credit and eventually live somewhere nice… my goal was moving when my lease is up next May because that would give me an enough time to save more money and pay off more things. But since I haven't had hot water and they're literally in zero rush to fix it… I just want out. I just don't really know how to go about finding a nicer apartment with my credit score and past debt. I have deff improved a lot this past year but not enough. I have three jobs with amazing bosses and supervisors (my full time job has seen me through since my toxic relationship and they have seen how far I came since then) that I could use as good references… but would that be enough if I literally have an awful credit history. I haven't had anything bad pop up on it this past year… and been on time w my bills since deciding to get my shit together… is there a person I can go to and tell my fucking sob story to and they can help me with finding a reputable landlord that will trust that I've grown from my past and will try to be the best tenant possible? I hate calling this a sob story but damn it's unsettling and hard to be proud of myself for how far I've came when I'm still so haunted by my past mistakes. I'm not looking for sympathy I am just looking for a little guidance to point me in the right direction.. or just some advice from someone whose been in my position perhaps ? Thank you to whoever took time to read this. Edit: sorry if this is not the right forum to post this on… If someone tells me a better one I would appreciate it [link] [comments]  |
| Seeing an old listing on Zillow? Posted: 30 Sep 2021 10:19 PM PDT Hello! I have no idea where else to ask this, I can't find exactly what I'm looking for on Google so hopefully someone here can help! Is there a way to see past edits to a listing on zillow or any real estate website? And how long do they keep record of this? Here's some additional info to make more sense of my question: My old landlord completely screwed my husband and I over and is trying to sue us. She verbally agreed to let us do a month to month lease (our mistake for taking her serious without it being on paper but we were both 18 and this was our first time renting). The only evidence we really have of her agreeing to a month to month lease is in the original zillow listing for the house it has since been changed. Is there any way to see the old one? [link] [comments]  |
| Posted: 30 Sep 2021 12:56 PM PDT My tenant is soon moving out of my rental, and right now the walls are painted some pretty bad colors. I was going to let whoever moves in choose some paints and I'd paint the walls before they moved in. But then I thought anyone who tours the place will see the awful walls. Which would you do? Entice potential renters by offering them paint colors of their choice, or just make it look nice before-hand? [link] [comments]  |
| How can I determine an asking price when selling to tenants? Posted: 30 Sep 2021 11:32 PM PDT We own a house that we have rented out for the past 5 years, 2 of those to our current tenants. The tenants have expressed an interest to buy. We had previously been hanging onto it thinking we may move back at some point (military fam) but are interested in selling if the price is right as there is still a chance we could move back. Home values do not seem to rise much in this area, renting for a while was our best option at the time. Now that we may be in a position to sell with rising home values, what is the best way for us to value the home and come up with a reasonable asking price without putting too much money into the process? We understand the ease of selling to someone currently familiar but also don't want to short change ourselves on the sale. We had it appraised when our previous tenants expressed interest, back in 2018. Is it recommended to get another appraisal? Or is there something I can do on my own to get a price based on that? I worry about their ability to be approved for a mortgage so do not want to waste money again. We will use an attorney when the time comes and prefer to do as much as possible on our own without realtors. Thanks for the guidance. [link] [comments]  |
| New program which will affect anyone near water Posted: 30 Sep 2021 06:13 AM PDT https://www.nytimes.com/2021/09/24/climate/federal-flood-insurance-cost.html can get expensive fast [link] [comments]  |
| Posted: 30 Sep 2021 07:27 PM PDT |
| Landlord Policy with Highest Liability Coverage Posted: 30 Sep 2021 10:45 PM PDT For those that have a rental property in Nevada, what's your liability coverage and who do you have? I currently have Safeco and their highest liability coverage is $300K. I'm looking for a higher coverage just in case. [link] [comments]  |
| Deeding Property Back to Land Contract Holder Posted: 30 Sep 2021 10:10 PM PDT I bought a property on a land contract for $200k and put $50k down. It's been a few years and now I worked out a deal to deed it back to the land contract holder and in return he paid me $100,000 and canceled the land contract which I owed $140k. The deed was recorded at a sales price of $100k. Do I need to file any forms with the IRS regarding the cancelation of the land contract? In reality the total price of the transaction was $240k when you add the $100k I received and the $140k I owed. I don't want any tax issues. [link] [comments]  |
| Posted: 30 Sep 2021 02:07 PM PDT I've seen quite a few posts over time about Zillow paying way above market to buy homes as part of their iBuying platform but don't seem to find that it is taking place in NYC. What are the odds that the company eventually starts buying co-ops in the city? [link] [comments]  |
| Has the housing price boom spilled over to age-restricted communities? Posted: 30 Sep 2021 01:59 PM PDT |
| Selling house and buyer backed out Posted: 30 Sep 2021 11:38 AM PDT Not real sure why I'm posting on here. Maybe because no matter where you are at in the process it is so stressful. We listed our house and had showings but not any offers. We made a bold move to drop the price 50K and got an offer the same day for full asking. Was set the close in October but after inspection the buyers backed out because we didn't make all repairs. However we were willing to do most. Now back at square one with showings and no offers. The anxiety and stress is killing me just sitting and waiting for a showing or an offer. Any one else have a buyer back and and have to relist home but eventually sold again? We are told we are at a good price.... [link] [comments]  |
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