Home inspector really screwed me up Real Estate |
- Home inspector really screwed me up
- Redfin: Home Prices Hit a New All-Time High
- Agents Ignoring Us
- If you have the option to rent or buy what would you do?
- Should we give the new buyer the invoices for major repairs and installations we've done?
- When not to call your realtor?
- Seller did not provide timely disclosure and contingency timelines (California)
- Software to manage clients
- I hope that everyone is doing okay.
- Residential land for sale|house for sale in bangalore|Irshads Property
- Worth it to wait til closing and get other plumbing repair quotes or go ahead and schedule with the one I have?
- Offered three times appraised value - obvious scam?
- November inventory predictions
- Should you list your home during the holidays? Real Story...
- Buyer asking for credit
- [US-CA] Is $105k reasonable estimate for a full interior remodel in California?
- How can I find a remote house in the French alps?
- Title Insurance - Name Typo on Deed
- Can you buy building from the state?
- Lender delays…
- Terminated with cause while working at a bank while licensed will it affect me obtaining my Reco license ?
- Should I reach out to my realtor?
- Need Advice: Water company confusion on home
- Closing on my first home in a month. With the Black Friday deals going on, can you suggest a starter tool set? Being a renter all my life, I never had to fix anything myself. So I don't know anything about general tools that are required to fix the little things around the home.
- Navy Federal RealtyPlus Review
| Home inspector really screwed me up Posted: 24 Nov 2021 07:10 AM PST He enters the home with the buyers agent and starts comments, she's taking notes "that stove is the wrong size for the space" we said in the ad buyer could have a choice of gas or electric stove. the stove we installed was just staging "HVAC making a bad noise" brand new mini-split was in a defrost cycle "tub faucet runs onto floor" it's a soaking tub with a movable floor pedestal "looks like a load bearing wall was removed" it was and it was replaced by an engineered beam with a permit. At this point the agent is talking the buyer out of the deal and the inspector is saying "No charge if you use me next time" and he never went under the house. I told my agent we should be on the lookout for one of relatives to come in with a low ball offer. This is North Carolina, they are licensed but there is no oversight. [link] [comments] |
| Redfin: Home Prices Hit a New All-Time High Posted: 24 Nov 2021 10:26 PM PST But I was told there would be a
https://www.redfin.com/news/housing-market-update-home-prices-hit-new-high/ [link] [comments] |
| Posted: 24 Nov 2021 05:25 PM PST We are going to start looking for a house in about 2 months time. We recently sold our house in CA and moved to New England. My agents in CA were awesome and really very ethnical. Even though we didn't have millions of dollars to spend in the CA market, they never treated us any differently than they would anyone else. And they came to my housewarming party with food! In any case, they are with Remaxx and recommended 2 agents that have their licenses in both Maine and New Hampshire. I called both agents and neither one of them called me back. Honestly, we don't have a million to spend this time around either. We're around the 450-500k mark. I know that isn't a lot in today's market, but doesn't it warrant a call back, at the very least? It's not as if I'm looking for a 100k house somewhere. My question is, what do you do when you can't get agents to call you back? My old agents always answered my calls within 48 hours and I'm really starting to think I was spoiled by their professionalism. Should I continue looking or keep hounding the people I that were recommended to me? Any advice is appreciated. [link] [comments] |
| If you have the option to rent or buy what would you do? Posted: 24 Nov 2021 06:23 PM PST There is property for rent at $1900/month. In the same complex simular unit is on sale for 460K. I only need to live there for a year max two. Can afford and qualify both rental and mortgage. Would you buy or rent? Note this is not a place I want to live for long term as I don't like the neighborhood but closest to work that I can get my hands on for now. [link] [comments] |
| Should we give the new buyer the invoices for major repairs and installations we've done? Posted: 24 Nov 2021 11:21 AM PST We're listing next week. Should we leave the invoices for the furnace replaced 5 years ago, the new driveway asphalt last year, the new electrical panel 3 years ago? Any value or any liability in leaving that stuff for the new owners? [link] [comments] |
| When not to call your realtor? Posted: 24 Nov 2021 08:35 PM PST If you are interested in seeing a newly listed home, decide to make an offer, etc. How early is too early to call/text? How late is too late? What about holidays? [link] [comments] |
| Seller did not provide timely disclosure and contingency timelines (California) Posted: 24 Nov 2021 09:30 PM PST In california using the CAR standard contract. The seller has yet to provide disclosures according to the contract: " If any disclosure or notice specified in paragraph 10A(1), or subsequent or amended disclosure or notice is Delivered to Buyer after the offer is Signed, Buyer shall have the right to cancel this Agreement within 3 Days After Delivery in person, or 5 Days After Delivery by deposit in the mail, by giving written notice of cancellation to Seller or Seller's agent" Does this cancellation include return of deposit? And how is it different than: SELLER HAS: 7 (or ) Days After Acceptance to Deliver to Buyer all Reports, disclosures and information for which Seller is responsible under paragraphs 5, 6, 7, 8B(5), 10A, B, C, and F, 11A and 13A. If, by the time specified, Seller has not Delivered any such item, Buyer after first Delivering to Seller a Notice to Seller to Perform (C.A.R. Form NSP) may cancel this Agreement. If i remove my inspection contingency does it remove my right to back out and get deposit back after receiving a late disclosure? [link] [comments] |
| Posted: 25 Nov 2021 01:02 AM PST I'm looking for a software to manage leads. I want to store clients' preferences such as rent/buy, budget, locations, and so forth in order to easily search through them. Any suggestions? :) Thanks [link] [comments] |
| I hope that everyone is doing okay. Posted: 25 Nov 2021 02:27 AM PST Hi there, I'm Niño, I would like to ask a few questions about being a realtor or a property owner. I'm trying to create a Saas startup that focuses on solving problems in the real estate niche so your inputs would mean the world to me. Advance thanks for your well-thought feedbacks. I hope to know more about the pains or problems that you've experienced as an individual property owner? If you were to have a magic wand to magically improve something as a real estate owner, what would it be? Thanks for reading this post, and I hope everyone is doing fine in these uncertain times. God Bless! [link] [comments] |
| Residential land for sale|house for sale in bangalore|Irshads Property Posted: 25 Nov 2021 01:44 AM PST <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->Get the best residential apartments in Bangalore. We deal with residential land for sale, houses for sale in Bangalore. We provide upcoming residential projects at affordable rates. [link] [comments] |
| Posted: 24 Nov 2021 02:34 PM PST First time homebuyer closing on my dream home December 7, for the most part it was a clean inspection aside from some plumbing issues. The water heater is 14 years old and needs a pressure reducing valve to fix the crappy water pressure, a toilet needs to be reset, a couple sink cartridges, toilet gaskets. Mostly the water heater and other small things. My agent and I met a plumber with a big company at the house after inspection and got a quote of about 2500 for the new water heater and valve + installation. 285$ for the toilet reset. Those things I'd definitely want done with the company for liability reasons, but for the small stuff like gaskets & cartridges the plumber is willing to do it as a private contractor for cheaper. Would it be dumb to do that? In the interest of crossing my t's and dotting my i's, I wanted to get several quotes and compare. I figured since I already had a quote and knew what work needed done they could give me an estimate. However none of the other companies will give me an estimate without coming out and they won't come out till I have possession. I can't move into the house without the new water heater and valve and I kinda have a small window where I'm off work the 16th-17th and can get movers. Im just wondering is it worth scrambling those 10 days after I get possession and before I move in to pay 2-3 more plumbers to come out and give me estimates to compare or should I go ahead and schedule with the plumber who already gave me a quote? As a side note my realtor said she got a good impression from him and would use him herself. I just want to make sure I'm not being naive as a first time buyer! Thanks in advance for any advice [link] [comments] |
| Offered three times appraised value - obvious scam? Posted: 24 Nov 2021 10:16 AM PST I own 5 acres in Inglis, Florida. (90 minutes north of Tampa.) The appraised value is $26K, but I've been offered $85K by a very persistent company called Liquid Property Group out of Bradenton, Florida. They've sent a very official looking DocuSign on which I can find no obvious errors or omissions. When I did not sign the document and told the representative that it was too good to be true and I felt it was a scam, they provided contact information for the title company they are working with so that I may verify that it's a legitimate offer. This is too good to be real. But I don't see how it's a scam. Any help or tips would be greatly appreciated. [link] [comments] |
| November inventory predictions Posted: 24 Nov 2021 06:37 PM PST As an academic exercise, I took the monthly inventory data for the major markets for the last 3 years and used a statistical model to predict the end of month inventory for November. Here are the results for the top 25 metro areas. I left in the actuals from a few months in 2020 and 2021 as a reference. As expected the overall prediction is that the inventory in November will tick down due to seasonal changes. If the inventory actuals (released in a week's time?) are better than the prediction then there is a positive momentum in inventory not accounted for by seasonal variation (and vice versa). If any one is interested, I can provide the model details. Here are the results [link] [comments] |
| Should you list your home during the holidays? Real Story... Posted: 23 Nov 2021 08:05 PM PST There are 2 themes in the real estate market right now: 1) Don't list your home during the holiday's. There are less buyers and less activity. 2) The real estate market is slowing down and people are dropping prices. This is a story of the past weekend in Orange County, California.... Clients decided to list the home now in an effort to sell the home sooner than later. They had concern that the market was slowing down and that there wouldn't be much demand. They also wondered if they should make improvements to the property to make it more presentable or not (paint, flooring, etc.). We spoke about this at length and I suggested an "asking price" that if they were to get this amount, would it be good enough for them without having to put any money into the property. They agreed to move forward with putting the property on the market as-is. The house was put on the market on Thursday, we hand dropped 100 open house flyers in the neighborhood on Friday and held a 1 day open house on Saturday. RESULTS - 85+ groups of people through the open house, of which 19 were buyers with agents, 12 were buyers without an agent and the rest I am not sure because I wasn't able to speak with everyone to find out. 20 written offers with 7 of them being 12.5% OVER ASKING (this is relative as the property was based on its current condition and no repairs or termite....property needs at least $50-$100k on day 1. 4 offers were 15.6% over asking. This property will be the highest priced sale in this neighborhood....regardless of the fact it needs paint and new flooring throughout. Sales price will be mid $900,000's. [link] [comments] |
| Posted: 24 Nov 2021 11:58 PM PST English is not my first language. Sorry for any mistakes. Recently accepted a buyer's offer to sell my house for 560k, asking price was 500k. My agent was able to push the offer high due to high interest. The house has some structural issues and the buyer knew that before submitting their offer. However, now after offer has been accepted, they got an inspection done and the cost to fix the issue came to be around 25k. So they came back and asked for a 20k credit. They are paying cash and will close next week. We got another offer for the house for the same amount but it was a loan and not a cash offer. What should I do? Is that a fair request from their part? [link] [comments] |
| [US-CA] Is $105k reasonable estimate for a full interior remodel in California? Posted: 24 Nov 2021 10:07 AM PST Hi everyone, I'm getting bids for a full interior remodel of a ~1200 sq. ft house in NorCal and one of the contractors quoted me $105k. Here's exactly what this includes (itemized and for each, materials are included in the cost along with labor):
This is the first time I've ever taken a remodeling project and the other bids I got were wildly different. A handyman gave me an estimate for $45k which sounded way too low, while another contractor gave me an estimate of $160k. Maybe worth mentioning that the house is currently worth around $310k. [link] [comments] |
| How can I find a remote house in the French alps? Posted: 24 Nov 2021 02:39 PM PST I check constantly and it always seems like the houses are close, if not over, one million euros and all the listings are these super modern and fancy houses. How or where do I look for the most remote place possible? I don't care about flowing water or really about electricity. This is incredibly frustrating. Is my criteria maybe too specific? I'm looking for remote, in the mountains, and with forests nearby or surrounding the house. No need for water, road, public amenities like garbage disposal and mail. Just remote and in the mountains. Cheap would be best. I'd even settle for the Canadian Rockies. [link] [comments] |
| Title Insurance - Name Typo on Deed Posted: 24 Nov 2021 01:45 PM PST I recently purchased a property and the seller's middle name is misspelled on the deed that transferred the property to me (i.e. the deed prepared for closing). I purchased title insurance and paid the premium at closing (the premium was on the settlement statement). Two questions for those who are knowledgeable about the title insurance process:
I'm asking because I'm confused about the period title insurance covers. I'm not sure if it covers everything up to the day before closing, OR everything up to and including the deed that transferred the property to me on the day of closing (i.e. is the deed that transferred the property to me the insured instrument). [link] [comments] |
| Can you buy building from the state? Posted: 24 Nov 2021 04:29 PM PST There's a beautiful historic building in my town built in the 1880's that is on the National Register. However it's been abandoned for decades and it's in a state of disrepair. The county owns it and isn't doing anything with it. Is it possible to buy a land marked building from your local govt??? Thanks!!! [link] [comments] |
| Posted: 24 Nov 2021 06:37 PM PST Lender is holding up settlement, do I have any recourse? They are just saying appraisal has issues and can't move forward until they are resolved- minor issues like forgot to check certain boxes or missing comps 5&6 (but has comps 1-4)… [link] [comments] |
| Posted: 24 Nov 2021 06:32 PM PST Hey everyone I'm considering going to into real estate and was wondering if me being fired and from another licensed Role (fsco/fsra) would affect me qualifying me. My gut tells me the check isn't super thorough but I'm curious if any of you have any insight or experience with this type of situation ? [link] [comments] |
| Should I reach out to my realtor? Posted: 24 Nov 2021 06:26 PM PST I recently bought a house from a real estate investor in a Minneapolis suburb, and when I had the inspection done, there were no defects founds, just marginal things. Now, 1 month later, our basement is already flooding. I'm calling out a plumber to see what's going on, but would it make sense to get my realtor involved just in case this is an old problem? The sellers said there were no known issues at disclosures. This seems way too soon for random stuff to just break all of a sudden. This isn't the only thing that was broken once I took possession of the house, I also need to get the washer fixed, but the tech my warranty company sent won't fix it until the plumbing is fixed. [link] [comments] |
| Need Advice: Water company confusion on home Posted: 24 Nov 2021 09:55 PM PST I am in contract on a home in a VHCOL in the last stages of closing. The title folks had an "exception" on the title that the home was in the jurisdiction of a community-wells based water company. However the sellers have been using water from the City's municipal water company for the entire time they were there. Now the community-wells based water company has sent a demand letter to the title company of some nominal amounts the seller and buyer have to pay to lift a lien. That in itself seems reasonable. However, the well-based water company wants me to pay a flat rate amount every month for "availability charges" whether I use their service or that of the city. That seems fishy. I did check the title and it does show that the property is in the jurisdiction of the well-based water company. The sellers mentioned they received a "few letters from the well-based company" but it stopped. They also never paid the monthly fees. Also, in the disclosures, they very clearly mentioned that the well-based company claimed a lien but it was removed because they never used their service. The actual monthly payment is not a problem for me as it seems reasonable. They claim they need it to maintain the water infrastructure in the districts (fire hydrants and such) and that also seems reasonable. But all of this somehow seems sketchy to me. The other relevant info is that this home is right on the edge of the water district boundaries but this home is clearly in the city municipal water service map. But the title shows the well-based water company. The title company also talked to the well-based water company and they were told that the monthly "availability charges" was decision made earlier this year. I also talked to the municipal water company yesterday and they said they have been serving this address for years and they are not sure why the well-based company is claiming jurisdiction? Has anyone faced anything similar? I am about 10 days away from closing and I really want to avoid getting into something that I am not explicitly signing up for? Any suggestions on how I can deal with this? I really like the home and want to move forward but this issue is irritating me very much. [link] [comments] |
| Posted: 24 Nov 2021 10:34 AM PST @ Mods, please delete if this is not related to Real Estate directly. Please don't ban me. [link] [comments] |
| Navy Federal RealtyPlus Review Posted: 24 Nov 2021 03:37 PM PST I used Navy Federal's RealtyPlus program. It's was free for me. They provide a realtor, and you get cashback in your NF savings account two weeks after closing. You don't have to get your loan from NF. If you don't like your realtor, they will find you a new one. I should get a $3,425 rebate. There is an HQ rep that contacts you monthly to see how the program is going. I felt like that was pretty cool. My realtor was disconnected and kept showing me homes outside of my budget because my pre-approval was more significant than I wanted to spend. He gave me many excuses for not building new, but the houses he showed me were expensive and outdated. I signed the new build contract, and he never checked in. I emailed him a couple of times because I had some questions. It would take two weeks to respond or not at all. I let the HQ rep know how I felt, and she nipped it in the bud. He called to apologize. He started being responsive then. He didn't show up to the final walkthru Monday. He called me a couple of hours late to tell me his kid was sick. I just said OK because I'm almost at the finish line. Also, his kid could really be sick. I'm sure he will be at closing on time to get his check, lol. In hindsight, I had the chance to get a new realtor. I should have taken that opportunity. I was trying to give him the benefit of the doubt. The program itself is excellent. I should get my money two weeks after closing. If you do not like your realtor, have them provide you with another one. [link] [comments] |
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