Update - we sold our home to Zillow in August Real Estate |
- Update - we sold our home to Zillow in August
- In 2007, Was Everyone Praying For A Crash?
- Since the American Real Estate Market is going to go up another 10% next year, why wouldn't Zillow just wait?
- My Design Project
- Should I accept a Rental Agreement instead of staying with Airbnb?
- Cash buyer gone bad
- Appraisal came in lower than listing on property that was already bid above listing
- Realtor wants me to sign disclosures that indicate dual agency, which was never explained nor mentioned to me
- Where does the fridge go?
- [US PA] Estate sale purchase. Sellers want extra time to empty the house of furniture (3 days beyond closing). What would be best?
- First time seller here, seems like a tough hill to climb.
- My Real Estate agent is delaying listing of house & signing/dating on their end of the real estate contract
- Mortgage broker or accountant for advice?
- I inherited a house but may not be able to sell for 5 years, Need advice
- How much should my title insurance policy be for?
- Lennar home builders. How much are you putting into upgrades?
- Careers in real estate with decent work/life balance?
- No idea when to hire a real estate agent
- What are the drawbacks of homes on well water with septic tanks?
- Should I add a sunroom/screened in porch or not to new construction, or have a contractor do it sometime down the road?
- Selling a house in another country from US
- Need ideas that I can use to leverage in a price negotiation fot an apartment
- To pay off or not to pay off
- How long does it typically take a seller's agent to respond to an offer?
- What is the point of 55+ housing communities?
| Update - we sold our home to Zillow in August Posted: 06 Nov 2021 05:07 PM PDT Recently saw our home we sold on the market . Zillow paid 405K - with 1% service fee and 1500 in repairs . It's listed for 393k - they painted , replaced the HVAC and some fencing . It's been on the market for 12 days . Feeling fortunate- but slight guilt for the 25%of employees getting the boot. [link] [comments]  |
| In 2007, Was Everyone Praying For A Crash? Posted: 06 Nov 2021 05:25 PM PDT I was too young to remember the mood of buyers and investors at the time. These days, everyone I know is praying for a crash. How was it back then? [link] [comments]  |
| Posted: 06 Nov 2021 07:41 AM PDT |
| Posted: 07 Nov 2021 12:38 AM PDT Hello, I'm doing a design project about the scope of digitization of the process of purchasing and customizing house or any real estate kindly fill this short survey of just 6 questions :) https://forms.gle/Q6LVVJ8XZSUfyXL28 Please help me get some responses so that my research is valid [link] [comments]  |
| Should I accept a Rental Agreement instead of staying with Airbnb? Posted: 06 Nov 2021 01:01 PM PDT I have a small apartment that I've been renting on Airbnb for some months now. It's going pretty well and I'm being able to pay college and the bills with it. But now there's a person really interested on that apartment and she wants to make a rental agreement outside of Airbnb to stay a whole year. I said I would call her back later today. I don't know if I should drop out of Airbnb and make a contract with her. I mean, the upside is that it's definitely more stable, because I already know that I'm gonna receive the money for the rest of the year, and I also know the amount of money I'm going to receive (not yet, because we haven't even negotiated any prices). But on the downside, what if I don't get as much money as I would with Airbnb? [link] [comments]  |
| Posted: 06 Nov 2021 06:47 AM PDT Has anyone had experience or heard of cash buyers who come back with ridiculous request and discounts after the due diligence period? They no longer have the cash to do said improvements and want a $50k + discount? [link] [comments]  |
| Appraisal came in lower than listing on property that was already bid above listing Posted: 06 Nov 2021 08:00 PM PDT I'm in a shit sandwich right now since my realtor sold me on the idea that we can waive appraisal contingencies since comps were gonna easily going to be listing price to get our offer accepted. I can move funds around to close the house but basically funds to close will be nearly double of what it took if it had just appraised at listing price. What's the best way to see this? When my property closes, I will basically raise the comps in the area - local credit union just didn't want to appraise that high until comps are more predictable. If comps in the area continue to rise whether short term or long term, will I be able to cash-out refinance the appraisal gap in 6months+? [link] [comments]  |
| Posted: 06 Nov 2021 06:47 PM PDT I live in NY. My wife and I are looking for a home. We contacted a local real estate agent who is highly reviewed on both google and Zillow. He's been very helpful so far and tomorrow we have showings of two homes. He emailed me today saying I have to sign some disclosures before we see the house. One of the disclosures is for COVID safety, the other is for Fair Housing/Discrimination, and the last one mentions "Advanced Informed Consent to Dual Agency," and even names a "Dual Agent with Designated Sales Agent." I googled the realtor and the term "dual agent" and I actually found an article about THIS SPECIFIC AGENT, that mentioned allegations of dual agency without telling the buyer, resulting in the buyer paying more than she thought she would normally have paid for a house. The article is from a few years ago. She was beginning a class action lawsuit. My questions are: (1) Do these disclosures legally bind me to working with this agent or the agency he works for? (2) Are these disclosures normal practices? (3) Should I tell the agent I found the article and ask for an explanation? [link] [comments]  |
| Posted: 07 Nov 2021 02:00 AM PST I came across this s owned home. It's odd I'm a lot of ways. I'm very confused by the kitchen. Where does the fridge go? [link] [comments]  |
| Posted: 06 Nov 2021 10:48 AM PDT I am purchasing a house from an estate. It's been a reasonably good transaction so far, but the sellers were really not accommodating with us as far as responding to our offer in a timely way (they accepted it technically after it expired because they were waiting for higher offers) and they did not agree to over 1/2 of the repair credits we requested, all of which were major material defects. I am pregnant and the house needs a significant amount of work before move-in, including a large plumbing and electrical project, hardwood refinishing, and paint. We are on a very tight deadline, closing 11/12 and I am due to give birth around Christmas. (We do have a place to live for an extra month if need be but I'm not telling them that.) As the sale is an estate and the sellers are not from the area, they started to realize in the past two weeks that they wouldn't have enough time to get everything out by Friday. They had an estate sale today but still have a large amount of furniture and effects throughout the house, which they don't think they can get out in time. My realtor is pushing to have me accept $1000 in escrow for the sellers to have three extra days to clean out the house (11/12-11/15). As far as I can tell, if the sellers get all the furniture out, this doesn't reimburse me for 3 lost days of time that I could have been spending prepping the house and getting some minor work done. Nor does it reimburse me for anything besides the cost of having to rent a dumpster and hire people to clean out. I don't want to be a pain in the ass but if they couldn't accommodate some of our requests I don't really want to bend over backwards for something that was preventable like this. I'm also just not in love with the potential legal ramifications of this as I can't get the locks changed for several days until they're fully out. Is there another solution that we should look into? Maybe one where the sellers lose a non-refundable amount per day like rent-back until I can take possession? [link] [comments]  |
| First time seller here, seems like a tough hill to climb. Posted: 06 Nov 2021 04:47 PM PDT We bought our first house in 2004. Lost my job in 2017. Moved to another state for work, let family rent out our house while a rent in a HCOL area. That's been almost 5 years. They abandoned us. Left the house trashed. Car chassis in driveway, house filthy, changed and rebuilt an engine in the family room. Etc.... Way more than what the deposit will cover. Wife went home and completely cleaned and repaired everything. House was built in 1967. We've only updated the roof, siding, water heater, cheap laminate hardwood floors in this old house. It's not extravagant. It's a LCOL area. The only thing it has going is a prime school District and it's rural. 10 minutes to shopping but in the middle of cornfields. Put it on the market yesterday. 4 bad reviews right off the bat. House is too old, walls need painting, floors are uneven and need replaced, odd office/family room (attached garage was turned into a family room.) We added a wall to make it a makeshift BR with no closet. Too much updating needed. Really disheartening. I know we can't afford to put anything into it. We just want it gone. Today there were 12 - 14 showings. Our realtor just called. We were expecting some more bad news. There are SEVERAL offers over asking! Don't know what to expect with offers coming in. Don't know a whole lot but just from reading this sub, I'm kinda hoping someone is waiving inspection. The bones are good, it's just old old old furnace/air, appliances, and cosmetics. Just spent $800 cleaning and repairing septic after the renters flushed EVERYTHING. Just more or less venting here. Hope our offers aren't too demanding. What should I look for after selecting and accepting an offer? [link] [comments]  |
| Posted: 06 Nov 2021 11:48 PM PDT I have found a broker to sell my house & had signed the RE contract, however they asked me not to date it on my end and they have not signed/dated on their end at all. They also are delaying the listing by having their phone stop working and saying the pictures need more time for editing before putting the house live for sale. The contract has 3% / 4% shares commission terms. The paragraph for paying a buyer's agent commission is there, but the % section is left blank. They want to show the house before signing the contract, basically are asking for the keys to show the house and not even have the contract signed? I am not comfortable giving the broker keys to the house without them signing the contract on their end. Why is the broker doing this? Are they trying to make sure I pay 4% and split that extra 1% with another broker and perhaps sneak in a buyer's % agent commission that they will somehow get a piece of? [link] [comments]  |
| Mortgage broker or accountant for advice? Posted: 06 Nov 2021 12:13 PM PDT We are trying to decide if we should buy a house in this crazy market or keep renting to save for retirement and potentially save for a large downpayment. We plan to stay for the next 8-10 years so we know buying might make more sense but the taxes are so high here and upfront costs for buying seem crazy too. Should we consult a mortgage broker or accountant to guide us in the right direction with our finances? Any tips for finding reputable advice? [link] [comments]  |
| I inherited a house but may not be able to sell for 5 years, Need advice Posted: 06 Nov 2021 08:12 AM PDT I inherited multi-unit house! Sounds good, except:
I'm not sure what to do. I really just want to sell it. Can I just pay the taxes on it for 5 years and leave it empty until I'm able? What would you seasoned agents do in a situation like this? [link] [comments]  |
| How much should my title insurance policy be for? Posted: 06 Nov 2021 10:29 PM PDT Working on buying a home. (Fake #'s, but proportionally correct) The title agency just sent over documents saying the title insurance is for $86K. The purchase price of the home is $200K. What happens if I accept this amount and there is a contested Will or some other major issue w/ the home? Am I out the difference? Or should I be asking for the insurance to be equal to the amount of the purchase? Having insurance on only 43% of what I'm paying seems like a bad idea. But at the same time, title insurance is already such an expensive racket for what it is, I don't really want to pay extra just cause. [link] [comments]  |
| Lennar home builders. How much are you putting into upgrades? Posted: 06 Nov 2021 11:52 AM PDT We're in debates of buying an existing house at the same price as a new build because we hear there are too many nuances with purchasing a new build. Trying to see if we need to join the crowd of bids for an existing home vs a new build. Looking for purchase a home that Lennar is selling at mid $600's. The base floor plan looks good to me, and the features included seems too good to be true. Would be great if we could buy at that price. On average, how much $ are people putting into upgrades? We seem to like everything they're selling in their base models on their website, but how realistic are their prices and pictures they're advertising? Note: we did not physically look at any models, the builder has said they are selling without the models, and of course… selling fast. [link] [comments]  |
| Careers in real estate with decent work/life balance? Posted: 06 Nov 2021 04:43 AM PDT Some of my family is very successful in real estate, and everyone is telling me not to get my license and try it out unless I want to be a slave to my phone/clients 24/7. I'm curious, are there any careers in real estate that are more like your typical 9 to 5? Thanks. [link] [comments]  |
| No idea when to hire a real estate agent Posted: 06 Nov 2021 04:02 PM PDT We are moving in 4 months. When should we hire a real estate agent to sell our house? My husband definitely knows more about this than I do but I want to be informed on my own as well. [link] [comments]  |
| What are the drawbacks of homes on well water with septic tanks? Posted: 06 Nov 2021 06:09 PM PDT We live in Florida and are looking to buy a new home on some property. Most of the homes we've found that have any property are almost always on well water with a septic tank. All of our previous homes have been on city water & sewer. We've avoided these well water/septic homes for a while now because we just didn't want to have to deal with either, but is it truly a big deal? I'd imagine we'd need a really good filter to get the iron out of the water and to just filter it properly. How much of a pain is a septic tank to maintain? Hoping someone can shed some light and help us determine if we should continue avoiding these homes or not. [link] [comments]  |
| Posted: 06 Nov 2021 06:08 PM PDT It's going to be about a $19k upgrade. Is this something that I should wait and do later down the road? Or is it worth doing now? It won't break the bank, but if it's not needed now, I'd rather allocate the money to other things, namely the lot premium. Secondarily, will appraisers typically count sunroom/screened in porches as addition living space? Thanks all! [link] [comments]  |
| Selling a house in another country from US Posted: 06 Nov 2021 02:18 PM PDT I'm not sure if anyone here is familiar with this but my father passed and left me a home in Spain and I live in the US it's. A nice home but worth probably only 30 or 40k over there it's in the mountains does anyone know if I could sell it from the United States without having to travel over there? [link] [comments]  |
| Need ideas that I can use to leverage in a price negotiation fot an apartment Posted: 06 Nov 2021 09:23 PM PDT I'm buying an apartment on the topmost floor of an almost constructed project. There is a sliding scale on cost per sq. ft. the higher up the apartment is. I will be buying the apartment on the 18th floor. I'm looking for ideas/factors I should bring into consideration when sitting down for a discussion on the final costs. Apart from the obvious factor of increased heat penetration into the house by virtue of being on the topmost floor I can't really think of anything. Any help is appreciated! Thanks in advance! [link] [comments]  |
| Posted: 06 Nov 2021 01:34 PM PDT Hey all! We recently purchased a home and are having the following done over the next year/6 months;
So, with the heating and cooling we will be able to get an interest free loan so you can probably rule this one out in advice other than the fact that it's increasing our bottom line so for context of the advice I wanted to include it The solar will be 4%interest, around 27k on a 25 year loan (if we go with the one we got an assessment done from so far anyways) But the windows come with a 7.9% interest rate and if we make the minimum payments every month we'll end up paying an extra ~5,600k in interest. So I was thinking I would overpay…but then again, we might not live here 10 years, so is it better to pay the loan off early or just pay it off on schedule and transfer the balance to the buyer when we sell? (I should also mention the windows will have an extremely thorough warranty that extends to the next person that buys the home so all the perks we get they would get as well) Looking for folks that understand interest and the market to give us some insight! [link] [comments]  |
| How long does it typically take a seller's agent to respond to an offer? Posted: 06 Nov 2021 08:58 PM PDT We made an offer later in the afternoon earlier today. One other family also made an offer. Our initial offer of 650k was declined because the other family made a better one (our realtor talked to theirs). So we said fine, we'll go a thousand above asking at 670k and 16% down. We also said cosmetic damages don't matter and we can close in 20-30 days (they had a deal fall through so we thought this would be appealing). We haven't received a response after our official offer was sent. Our agent has reached out to them a couple of times, but now we're just waiting. This house has also been on the market for weeks after the first deal fell through. I'm a little annoyed that this other family literally saw the house the same day we saw it. Only if we went a little sooner lol To reiterate, how long should we wait for a response? Our offer does not expire, but I'm thinking about adding an expiration. Thoughts? I'm not in a rush to buy a home, but I'd like to have a response before I put an offer on another home (going to see more this week). Thanks in advance! [link] [comments]  |
| What is the point of 55+ housing communities? Posted: 06 Nov 2021 08:42 PM PDT Relatively new to the US and a first time homebuyer here (for context). Why do they exist? As in, why do retired people have to move to a housing development dedicated to their age group? Why can't they continue living in the house they were living in before retirement? I understand the need of housing for old people who are too old to take care of themselves and need to be assisted by professionals 24*7. But that is different from 55+ "active adult" communities. Where I live right now in New Jersey and in the area I am currently looking to buy a home, ALL the new housing developments I have come across are for 55+ people. I do not understand why there are no new housing developments for young professionals like me. [link] [comments]  |
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