All it took was one vermont winter and everyone is packing up... Real Estate |
- All it took was one vermont winter and everyone is packing up...
- I saw a home listed for sale at $224,000 and the description said: Purchase, Lease to own, Owner's finance. Can anyone explain what that means?
- Our appraisal came back 11k over our offer price!
- Best time to list house
- Closing with pending items for builder to fix
- Changing real estate agent
- Are ARV Comps accurate with inflated sold prices?
- Sell house without a realtor? Looking for sanity check
- Railroad ties are now toxic waste?
- LVP flooring install costs
- [FL] First time homeseller. Buyer's financing fell through. What options make sense for us?
- Why is Redfin not showing the prices sold for or price changes on certain properties?
- Homeowners Insurance Provider recommendations
- States where Property Taxes are Locked In
- Mold Disclosure - California Rental Property- Can someone ELI5 on how to interpret this
- Cash to close about $5000 less than I have calculated
- Income qualification for mortgage
- Buying a home when your down payment is tied up in current home?
- House hunting and losing on multiple offers
- Deep lot?
- What could derail my loan processing?
- Is there such a thing as weekend real estate agent?
- Help me manage family property
| All it took was one vermont winter and everyone is packing up... Posted: 27 Dec 2021 07:46 AM PST I'm seeing homes where people havent even fully moved in yet and theyre trying to sell, OUR WINTER ISNT EVEN THAT BAD, jesus christ i swear, some people... [link] [comments] |
| Posted: 27 Dec 2021 07:33 PM PST |
| Our appraisal came back 11k over our offer price! Posted: 27 Dec 2021 09:06 PM PST I spent so much time worrying about getting a low appraisal and needing to cough up extra cash (we had a $15k appraisal gap clause). I'm so relieved. 4 bed 4.5 bath ranch with finished basement, 4500+ sqft including basement. List price - 550 Offer - 580, inspection contingencies waived (but not the inspection itself), appraisal gap $15k, buyer to pay transfer taxes [link] [comments] |
| Posted: 28 Dec 2021 01:00 AM PST We are considering buying new construction builder doesn't do contingency on house sale when is the best time to sell. House won't be done for 7 months. I say now and move in with family? Any advice would be greatly appreciated. [link] [comments] |
| Closing with pending items for builder to fix Posted: 27 Dec 2021 09:40 PM PST We are closing on a new build but the builder is rushing it. There will be a number of things we will check only during the final walkthrough right before closing (or we may not have time to check) and there are already things they will fix/install after closing that came up from inspections. How do we ensure the builder will fix things after closing? I saw someone mentioned in another post for 30-60 final punch list? What does this mean? Not sure if we can negotiate such option. [link] [comments] |
| Posted: 27 Dec 2021 04:29 PM PST Hi everyone, I signed with real estate agent a year ago and we visited 3-4 houses together. This is in Texas. Now in the month of December, there were 2 homes that I could not see because my agent was busy in first instance (and house went pretty quick the next day). In second instance, I texted my agent to go see the house but agent didn't even reply back. It's been 4 days now and I still haven't got reply from my agent. So,we today got another agent to make an appointment and visited the house. We liked the house and ready to put an offer. Here is my question.
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| Are ARV Comps accurate with inflated sold prices? Posted: 27 Dec 2021 09:14 PM PST People say to run comps to get an estimate of property value. But if surrounding properties are being sold at outrageous prices over listing price because the market is hot, how can you be sure to get accurate property values? [link] [comments] |
| Sell house without a realtor? Looking for sanity check Posted: 27 Dec 2021 06:37 PM PST I'm planning to list/sell my house starting March. It's 3 bed/3 bath in a cheaper part of the Bay Area. Built in 1937, good bones, and new kitchen/total rewire/replumb, decent/safe neighborhood, cosmetically the house is average. Like California 6/10, or rest of US 2/10 lol. Takes 90 minutes tops to bike/ferry to downtown SF (car not necessary). Based on the market I'm guessing the house will sell somewhere in the $500k-$600k range. Basically there is a lot going for it for a young family. Do I actually need a realtor for this? Looking for sanity check. Maybe useful context: I bought in January 2017, also without a realtor. I just found a guy selling FSBO, drafted my own purchase agreement (largely copied from one I found online), paid my cousin (who is a licensed realtor) $500 to review, and closed through a title company. Title company was great and I'd use them again. I broker insurance for a living so I am used to reviewing legal docs carefully, thinking through the logistics, and managing a sales process. I think my question is, am I missing something important? My plan was to list on zillow/trulia and take advantage of spring buyers with kids coming out. And basically millennials willing to toggle zillow over to the FSBO section. Should I offer to pay the buyer's agent 2.5% or 3%? 3% of $500k would be $15k? Am I being penny-wise and pound-foolish? [link] [comments] |
| Railroad ties are now toxic waste? Posted: 28 Dec 2021 12:24 AM PST Ok kids, I have a weird one for you. (Also, if this is not the right sub to ask this let me know.) So, my wife and I have been wanting to buy a house in this one neighborhood in Southern California, but there is rarely anything on the market. We finally get lucky and get an accepted offer! So, the house's back yard goes up a kind of hill that is a little steep. The steep part does not have any grass or anything, and it has lots of levels. Maybe like 5-7 levels. These levels all have been leveled off using Railroad ties. So, there are a lot of Railroad ties. Railroad ties, are also being used for the stairs to the different levels. Now, growing up in the country I've been around railroad ties. New fresh ones are disgusting and you never want to touch one, but old ones, it seemed like back in the day everyone one would use old ones for some purpose in their yard, so I didn't think nothing of it. So, we have our home inspection and the inspector points out that we should remove the railroad ties, due to the fact that they are full of poison so that termites and other organisms do not eat the wood. He also said that we should not touch the treated wood without gloves and safety equipment. He suggested having a company that specializes in hazardous waste come to remove them. He says that he would not recommend raising children around the railroad ties. (We have a very young son, and want to have at least one more…) So, I've done some digging and California is going to classify treated wood (like railroad ties) as hazardous waste on January 1. (https://dtsc.ca.gov/toxics-in-products/treated-wood-waste/) So, I could potentially buy a house with a ton of hazardous waste! The railroad ties in question are old. They have been there since at least 1994. The family that owns the house has raised a family there, and so far, nobody has cancer or anything from the railroad ties. I'm sure the seller is not going to care to much about it. If this was a buyer's market, then maybe. They could put it back on the market and get offers no problem. I guess the question is, should I care? The little boy in me, says that it is no problem, but the adult in me doesn't want anything to happen to my son, who means the world to me. This issue has really been the littlest thing ballooning to the biggest thing. Truly a mountain out of a mole hill. Alright Reddit, what say you? What would you do? [link] [comments] |
| Posted: 27 Dec 2021 04:19 PM PST I got a STR we are doing a gut remodel on in sedona az. Were looking at LVP that costs around 3$sqft before install and underlayment etc on about 1400sqft of floor, no demo needed. The company we have doing the home has this portion quoted at 21k. Now i have not done an LVP floor in a few years but it comes out to about 15 a sqft in this case. We have done complete remodels on about half a dozen homes over the past 10 years or so and many many other small projects so have some experience but the price just sounds super high. Im trying to keep in mind its an expensive tourist town and our new normal for prices but just wanted to get some of your thoughts if you have experience in LVP flooring. Appreciate any feedback. [link] [comments] |
| [FL] First time homeseller. Buyer's financing fell through. What options make sense for us? Posted: 27 Dec 2021 02:48 PM PST As the title states, we're about 5 days from the original closing date and just got word that the buyers were denied financing. I still haven't found out why exactly, except that their lender (Better... ugh) didn't like them owning two other properties at the moment, even though they got preapproval. I'm still waiting on the appraisal results which I should have in an hour or so, but we don't believe it's an issue with underappraising. My agent (who's acting in a dual agency role here) said that the buyers are scrambling to work with a new lender, and are willing to cover the cost of a month's mortgage payment while they drum up new financing. We've purchased and moved into a new house already, so this one's sitting vacant. So we've got to balance a good sales price with moving the property relatively quickly. I don't mind extending it, while we had multiple offers when we went under contract this was our best offer at the time and none of them were cash. I do want to make sure we're protected. I feel like I've got a few options here, (assuming there's no issues with appraisal):
Are any of these approaches good/bad/ugly ideas, or are there other options I haven't thought about? [link] [comments] |
| Why is Redfin not showing the prices sold for or price changes on certain properties? Posted: 27 Dec 2021 08:28 AM PST Is there a way to get that information removed from the listings? Is it Redfin who is doing it. Can owners have it removed in certain states? I'm confused. I thought all that info has to be recorded. They have an asterisk "*" where the price should be. [link] [comments] |
| Homeowners Insurance Provider recommendations Posted: 27 Dec 2021 11:24 PM PST My fiancé and I are selling her current home and are currently in the underwriting process for our new home! However we've ran into a couple of snags. Had our inspection right before Christmas and the inspector found a few items that he believes needs to be checked/fixed. First was some water damage from potentially a leaky roof flashing. Second was a crack in the stucco on the outside of the home. Third is the HVAC needs to be serviced and ensure the heating system is up to speed. We've submitted our repair requests to the seller (Open Door😒) and our realtor believes they'll either take care of the repairs or give us a credit to do so. However, our lender is requesting our homeowners insurance information and USAA has since declined coverage due to the fact that the home still needs repairs and our closing date is supposed to be 1/14. Anyone have any recommendations for insurance providers that will provide coverage while the repairs are in process so that we can have this loan finalized? [link] [comments] |
| States where Property Taxes are Locked In Posted: 27 Dec 2021 09:29 PM PST In California, property taxes are locked in at the purchase price with very minor increases over time. Friend in New Jersey tells me that an Assessor enters her home every year and upgrades like new countertops or flooring have sent her property tax bill zooming. Is there a running list or resource that shows which states have a property tax lock? [link] [comments] |
| Mold Disclosure - California Rental Property- Can someone ELI5 on how to interpret this Posted: 27 Dec 2021 08:42 PM PST TLDR Renting a house, lease has a mold disclosure. No specific details as of now. Level of concern 1-10 = ? Question about disclosures. I'm unfortunately renting still, but got approved for the house I wanted today in CA. Reading over the lease I saw a mold disclosure - as of now no more detail on what exactly the issue is. How concerned should I be? I plan to ask for clarification but my gut tells me they will down play it. Are mold disclosures common & made out of an abundance of caution in CA or does it actually mean you have a problem on your hands? I love this home & really want it, how should I proceed? Any advice plz [link] [comments] |
| Cash to close about $5000 less than I have calculated Posted: 27 Dec 2021 08:23 PM PST We are still working out some final numbers but it looks like cash to close is going to be about $5000 less than I calculated myself according to the closing discloure. It appears that this is because I am getting a credit for the tax year of 2021 from the seller. This makes sense because they lived there all of the year but haven't paid taxes yet. What I don't understand is why this would bring my cash to close down. I am paying property tax through escrow. Therefore, I thought that this money would go straight to escrow - not in a credit to me. I could see come tax time that there is a massive escrow shortfall that would require a lump sum payment or a large monthly payment increase. Should I just set this money aside for tax time or raise a bigger stink about it? [link] [comments] |
| Income qualification for mortgage Posted: 27 Dec 2021 04:36 PM PST Thinking about joining the national guard, relocating, and buying a home. My question is, will I have to go through the process of getting a job to get income qualified? Or will lenders let me use money from basic training as income? [link] [comments] |
| Buying a home when your down payment is tied up in current home? Posted: 27 Dec 2021 08:20 PM PST Basically the title—what's the best way to go about this? Down payment money is tied up in our current home and I don't know which direction to start. [link] [comments] |
| House hunting and losing on multiple offers Posted: 27 Dec 2021 07:27 PM PST As the title states my wife and young one are house hunting. We currently are living with our in laws. Since we sold our house in the city for a premium. It has been tough on me greatly. I've lived on my own since I was 17 and it's been a tough adjustment living with them. They are living and kind people, but being around your in laws for an extended period of time isn't for me. My wife feels the same, but it is great having someone there for the little cherub. On to the house hunt. We have lost several bids and going over asking price upwards of 130k and still losing. We are waiving appraisal and having a hefty deposit. The latest loss we had the seller accepted (yay!). Then day 2 of attorney review the sellers agent says we received an offer 50k over your offer. If you can't match it we are taking theirs. We simply can't as this house is close to our max budget. We were so close on a house we adored and loved only to have the rug pulled out. Im defeated and enraged. Didn't help I didn't get to see my family since they all tested positive. Hopefully 2022 brings positive vibes. [link] [comments] |
| Posted: 27 Dec 2021 07:00 PM PST What does that mean in regards to a new construction lot? Is that a pro or con? [link] [comments] |
| What could derail my loan processing? Posted: 27 Dec 2021 03:14 PM PST We are pre-approved and in escrow on a new build in Denver. I know the basic things like don't open new credit, don't change jobs, no big deposits or withdrawals that can't be explained. Is there anything else that could screw up closing on my loan? It's a VA loan 0% down, stable income good credit and no debts. Thanks! [link] [comments] |
| Is there such a thing as weekend real estate agent? Posted: 27 Dec 2021 12:49 PM PST I understand that a real estate career requires many hours and dedication to be successful. Is being a salesperson reasonable for someone who has a full time job in another field but want the extra Supplemental income? Let's say someone who can only work on the weekends and does nothing related to real estate during the week. Would a broker even hire someone like that? [link] [comments] |
| Help me manage family property Posted: 27 Dec 2021 02:44 PM PST Hello.. I am supposed to help with family rent collection (landlords) the number of tenants in the 10s. My family uses old methods of just contacting each tenant and asking for rent monthly. I am looking for a better way. 1-Is there software or method of keeping record on who paid and when and how much? Honestly its easy for me to forget which property is occupied and who paid especially with people that do bank transfers , because transfer show as account #X sent amount X and I am not sure who that is and which property 2-How do I deal with people on rent payment? Are they all supposed to show up and pay on time, or do I have to haunt each one down? 3-How do I deal with people who are late on payments? Do I keep calling them daily, surely this will cause some sort of tension between me and them. How do I get them to pay in a pleasant way? As a land lord, is it my job to let people be late on payments or should I be strict about it? I know for a fact that as the month goes by they have less and less money until their next pay day, so its in my best of interest to pay me first. any tips on collecting rent and dealing with tenants are appreciated especially troublesome ones. [link] [comments] |
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