Websites to check before buying a home? Real Estate |
- Websites to check before buying a home?
- Tenant asking reimbursement for exterminator service they called
- Renovation hints and suggestions
- Agreed to a seller’s counter offer, they supposedly got another offer an hour later, then sent the highest & best request
- mortgage company/probate question
- Quick question about selling…
- New Construction Townhouse closed a month ago. Found an error in parking easement.(WA)
- Small section of the foundation has blocks instead of poured concrete
- Resources to learn about how to buy and rent out properties?
- Getting the keys
- New build salesperson pushing to sell floorplan today and threatens higher prices if we don't act now
- Living in a commercial property
- DR Horton Mineral rights
- First time home buyer looking for inspection thoughts
- If I co-own a property with somebody, and we are going to sell the property, can I 1031 into a property for the price of my portion of the payout or does it have to be for the full sale price of the property?
- Home Equity Loan
- 3rd new home primary home in same state, would it be a problem?
- Mortgage rates and the type of market
- Do title companies withhold capital gains taxes?
- Final walkthrough and wire payment
- Thinking of becoming a real estate agent, but concerned for my safety
- Can I use Zelle to pay my contractor
| Websites to check before buying a home? Posted: 27 Nov 2021 04:44 AM PST Trying to do my due diligence before purchasing a home. Can anyone recommend some website I should check to verify anything against/or has happened at the house? I'm in Arizona and have checked county assessor and a few random crime maps so far. [link] [comments] |
| Tenant asking reimbursement for exterminator service they called Posted: 26 Nov 2021 05:14 PM PST Hello, Tenant (4 months in) called up exterminator proactively by themselves and is requesting for reimbursement for the entire service charge. They reported Sunday morning that they saw a roach (no image or proof provided) and called up exterminator on Monday before I could even take any action. I had the unit professionally cleaned up and flooring replaced before they moved in. I'm skeptical about the issue and not sure if I should reimburse for the issue as I would have handled it myself. How should I handle this situation? [link] [comments] |
| Renovation hints and suggestions Posted: 27 Nov 2021 06:46 AM PST Morning all- long time lurker and poster here, but my first time writing my own post. About to purchase my first fixer upper (in DC). Currently in the phase of a hiring a team to help on all aspects of the renovation. From conversations with friends, I know I need to hire an architect and a GC, but I wanted to ask this community is there anyone else I should consider hiring or thinking through? I'd assume the GC will have his own subcontractors. In my humble opinion, picking the right team is the most important aspect of a renovation, so wanted to be extra careful. To give a sense of the renovation, it'll be fairly substantial (budgeting ~200K) and I'd like to spend no more than 6 months from start to finish (including permitting, inspections, etc. ) the house is fairly old (early 1900s) and the former owners didn't take the best care or maintain records of key repairs (e.g roof). Wanted to get a sense if my thoughts are correct in who I need to hire and if anyone wants to give any words of wisdom or stories about major renovations, it'd be greatly appreciated. [link] [comments] |
| Posted: 26 Nov 2021 09:32 PM PST FTHB here. I have been negotiating for my dream home but based on comps it's overpriced by about 30k. Put in an appropriate offer based on comps, they sent back a barely changed from asking counter, we counter again, they counter again and we decide to accept. They never acknowledged this acceptance and notified my agent of another offer, and sent out a generic email requesting highest and best claiming they have multiple offers. I love this house but I have a really bad taste in my mouth about this deal. Should I maintain my latest offer (which is literally their exact counter) or actually try to bid up? Or just walk away? [link] [comments] |
| mortgage company/probate question Posted: 27 Nov 2021 05:19 AM PST Not sure if this is the right place to ask this but legaladvice wasn't very helpful. I keep getting different advice from different people, thought maybe someone here would have some experience with this. My parents just died with no will and no assets, just a mortgage. I would like to take on their mortgage and thought I had to go through probate to do this. One of my friends just told me no, probate will just make me and my sister sell the house and split the proceeds to pay creditors. She said I should just stay here and keep paying the mortgage unless the mortgage company says something. I would like to legally take it over however so I can refinance. Now I'm not sure if I should file probate or contact the mortgage company first and I am scared to take the wrong step and end up homeless. Thanks for any advic [link] [comments] |
| Posted: 27 Nov 2021 02:59 AM PST We have just a couple of things to do before our house is ready to sell, would it be a good idea to list it before the big holidays or wait until after the holidays? I can see pros and cons to each. My husband says list it asap because it has 3 acres and a brand new kitchen and people would want it for a Holiday gathering. My thoughts are that people wouldn't be as interested because they've spent money and I'm curious if it wouldn't be better to wait until after New Years. What are your opinions and thoughts? [link] [comments] |
| New Construction Townhouse closed a month ago. Found an error in parking easement.(WA) Posted: 27 Nov 2021 09:09 AM PST Hello, I bought my first home (a townhouse) which closed a month ago. Townhouse complex has 7 units and only 2 of them has assigned off-street parking stalls. Those parking stalls are sitting on another townhome's land so there was a parking easement which allowed my unit to use the other townhome's land for parking. I was looking over the parking easement again, and found that it's mapping my parking stall to another townhome in the complex. This seems like an obvious error, because when I was purchasing the home they advertised that my unit has assigned parking, and the other unit that the easement says has the parking stall was advertised as a townhome with no assigned parking. This is clearly stated on the open house flyer, as well as the seller's website, that my unit has the assigned parking and the other unit that appears on the easement does not have parking assigned. Also, my unit was 30k more expensive than the other unit that has no parking, even though it's the same layout and square footage. I'm wondering if you have any advice on this situation. I'm currently parking my car on that assigned parking stall, so outside of the legal document there's no issue. However, this would be a problem when I'm trying to sell the townhouse and the buyer verifies that the parking stall is assigned to a different unit. I emailed the builder and about this, since the builder's name is appearing in the easement document, and also emailed my buyer's agent. I guess the next step is to correct the easement. Is there anything I'm missing, or any suggestions on this situation? [link] [comments] |
| Small section of the foundation has blocks instead of poured concrete Posted: 26 Nov 2021 04:42 PM PST We are in the process of buying this house and I was looking through my pictures and noticed there is a small section of foundation which uses blocks while the rest of the foundation is poured. My question is why would just one small section have block foundation vs the rest of them using poured. Could this mean there was a foundation problem which was fixed? There is also one block on the wall which is colored "black" which I am not sure what it is. Update: My home inspector just replied to my question with below, does that make sense? "The block section of foundation is the base of the chimney. The black tile is a future use location for a chimney clean out, if necessary. " [link] [comments] |
| Resources to learn about how to buy and rent out properties? Posted: 27 Nov 2021 08:30 AM PST Hi everyone! I'm 21M and am an Economics student. I have a goal to someday own some properties to rent out to people, and I think I can achieve this within the next decade. However, I don't know much about the practice of buying homes/apartments or renting out to people. Does anyone have any recommendations for books, videos, audiobooks, or podcasts? to learn more and get a basic understanding on what to do? [link] [comments] |
| Posted: 27 Nov 2021 06:39 AM PST We close in two days and we are using a Homestyle Renovation loan to purchase the house. We are so excited!!! This will be our first time buying a house with this type of mortgage so there are things we are learning about as we go which brings me to this question. With this type of loan, do you get the keys at closing or does that happen later? [link] [comments] |
| Posted: 26 Nov 2021 12:20 PM PST The particular design package is not the one we want for the floorplan but is still acceptable. We want to wait for a new lot so we can choose our desired design package. Salesperson insists we should buy now because prices can go up by the time a new lot becomes available where we can pick the design. The next round of floorplans would be available in 2-3 months. Is the salesperson full of crap and just forcing us into the sale, or does he have a point and can they just change the prices where we screw ourselves over by waiting? [link] [comments] |
| Living in a commercial property Posted: 27 Nov 2021 12:35 AM PST I'm considering buying a property zoned commercial . It's near my business and I might eventually do things related to the business in the building but I would also like to live upstairs. Do you need residential zoning even if you own the building? Thanks! [link] [comments] |
| Posted: 26 Nov 2021 03:46 PM PST We are planning to buy a new construction house from DR Horton. The purchase agreement mentions the builder reserves the mineral rights. The sales agent mentioned they will transfer the rights at the closing and cannot remove it from purchase agreement. Does anyone have experience with this builder and did you get the mineral rights transferred at closing? Edit: This is in Washington State [link] [comments] |
| First time home buyer looking for inspection thoughts Posted: 26 Nov 2021 07:02 PM PST We've been looking to buy a house in a pretty competitive area and managed to get an offer accepted under listing price. The house seemed to be maintained well (miles better than any other home we viewed) and the upgrades to the interior of the home didn't look like poor quality flipping but thoughtful well-done work the owners had intended for themselves. The house had been sitting on the market for a month+ without any other offers and we assume this was for a few reasons:
The inspections confirmed our feelings on the quality of the house. There were a handful of suggestions we can easily fix and 2 larger(?) issues.
Since the siding is still in good condition we don't see the need ask anything from the sellers but we have concerns about slope creep. The sellers fully re-landscaped the slope, removing the forest over growth and replacing it with a multi tiered yard (indigenous plants for erosion control, fabric netting, proper drainage and a gravity irrigation system). Everything was done within the levels of not requiring a permit. It seems like we might not be able to get a geotech inspection done in time so my question is how much should we be concerned about this? Could this just be the land settling after extensive work? Pics: [link] [comments] |
| Posted: 26 Nov 2021 12:01 PM PST Basically, I own a house with my brother and we're selling the property. I would like to 1031 into another rental. Say the property sells for 500k, and my payout is 250. Would I be able to 1031 into a property for the price of 250 and above, or would it have to be for 500 and above? Thanks [link] [comments] |
| Posted: 26 Nov 2021 04:29 PM PST I am looking to get a home equity loan of $230k home equity loan which I believe I would qualify. Just out of curiosity, the lender last year sent me a report of the credit he pulled and it was FICO Score 2.. my credit has gone up a lot since than and along with income. I am curious, what FICO Score could I look at to see what the lender would pull? I am trying to see where my score sits at. My WF shows 770, my Experian shows 750 and CK (inaccurate af) shows 730. Also, how much income would you show for a $230k home equity loan? ($230k - 80%) It would be greatly appreciated if anyone could help me with this. [link] [comments] |
| 3rd new home primary home in same state, would it be a problem? Posted: 26 Nov 2021 10:01 PM PST My husband bought a home A couple of years ago in Location A. We mainly bought it for schooling purpose but unfortunately our special needs kid was expelled from the school due to some issues. We stayed in it for more than one year. But we refinanced it and I moved to a rental property B with my kids which is 9 miles away for schooling purpose again. My husband was not interested in the move though. We rented out the home A. My husband stayed in basement for a couple of months on and off and we still have all our things in basement. But when we refinanced we had a renter in the property as well as my husband staying in the basement. Myself and my kids are still in the rental property, my husband stayed with us for few months. He was not happy about us renting our home and moving to a smaller rental home which has only one bath and with 2 kids and a pet it was very chaotic. He then decided to buy a primary home for himself close to our currently rented house. He bought a small primary property C, and he was staying there for 5 months. After which he rented that out and came and stayed with us again back due to personal reasons and we are all in the rental property till now. We are planning to buy a new upgraded house D, 21 miles from Property A and 7 miles from property C. This time again my kid is moving schools, even though it's only 7 miles away, it'll be easier for my kids to access school and has extra room and bathroom. We are planning to stay here for at least 3-4 years. Currently we are in the process of buying the property D. The loan is in process. The underwriter has questions about why we keep moving and buying and renting properties. Also why we refinanced the property A as primary and moved out. We made these big decisions when we were in emotional distress, having special needs kid, a new born baby and was having so many personal conflicts too. Looking back now some of those are just height of stupidity. We realize it. We have now decided no more moving, let's stick to a house close to kid's current schooling. Will we be able to convince our underwriter? Googling answers, I came across the term occupancy fraud. Did we commit a occupancy fraud unknowingly. Though we stayed in property A for more than a year, we again refinanced it and husband stayed only for 2 months after that. My husband bought property C, stayed for 5 months and rented it out. Now we are all living in a rental property for the past two years. Can we together buy another primary, and this time it's a planned and calculated decision. No more moving for atleast 4 years. [link] [comments] |
| Mortgage rates and the type of market Posted: 26 Nov 2021 09:34 PM PST As far as I know, mortgage rates are low right now (2-3%). Does this have anything to do with it being a seller's market right now? If it becomes a buyer's market, will the rates go up? When do people think the market will switch to a buyer's market so it'll be a good time to buy a home? In the next 2 years? [link] [comments] |
| Do title companies withhold capital gains taxes? Posted: 26 Nov 2021 09:30 PM PST When you sell a home and are subject to capital gains taxes, when and how do you pay them? Will title companies deduct it from your pay out amount, or is it up to the individual to file a form and pay the IRS directly? If title companies do it, and they get it wrong, you would have to file something to correct? I've been saving the 100s of receipts from daily trips to Home Depot for all the renovations I'm doing, and curious if I'll need them all ready before closing (for title company), or if I'll only need them later on when I file with the IRS or maybe only if I'm audited. Ideally I can just run a report from my finance software (Microsoft Money) where I have a category setup for all these purchases and can quickly get a total — keep the physical receipts (photocopies) in the fire safe for 5 years in case I ever need them. [link] [comments] |
| Final walkthrough and wire payment Posted: 26 Nov 2021 04:24 PM PST Hi, I was wondering if there should be a final walkthrough and when to wire down payment when closing. We're supposed to close Monday and today we had a notary come and sign all the paperwork (120 pages). So my realtor said there's not really a final walkthrough but get the keys Monday? And also said to wire the Down payment on monday. Is there more documents to sign? Or is it just wire money and get the keys? Not really sure what's next after signing all these documents. [link] [comments] |
| Thinking of becoming a real estate agent, but concerned for my safety Posted: 26 Nov 2021 12:30 PM PST Hello, so im a 18 year old woman whos not the most strongest person out there and I barely know any self defence skills...and I live in canada and we aren't allowed to keep pepper spray or tasers or any kind of self defence weapons here which sucks. I REALLY wanna become a real estate agent BUT im just concerned for my safety cause i don't know how I feel about being in a house alone with a random stranger. Are there any other women real estate agents here who have any tips? Should I even go into real estate? [link] [comments] |
| Can I use Zelle to pay my contractor Posted: 26 Nov 2021 10:14 PM PST I'm currently doing a flip for a house. Typically I write checks so I can circle back for tax purposes. But if I do Zelle, will I be able to use that for my tax returns at the end of the year? [link] [comments] |
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