Better.com’s CEO Called Workers ‘Dumb Dolphins’—Three Executives Quit Real Estate |
- Better.com’s CEO Called Workers ‘Dumb Dolphins’—Three Executives Quit
- Homeowners ins. wants me to insure my $250k home for $1M
- Michigan, if I close before the end of the year is there any tax credits I might get?
- Mortgage sold to another bank, now asking for more hazard insurance coverage
- Evergrande has defaulted on its debt, Fitch Rating says
- Had an offer on a house accepted in Massachusetts, but having second thoughts after inspection and earnest deposit.
- Should I Sell to Opendoor?
- Can a house be listed at the incorrect square footage?
- USDA loan for fixer-upper, as-is sale?
- A Private club will not sell property to a minority family because they are not members of the club. The club won’t sell property to anyone who isn’t a member. As long as the club isn’t for commercial purposes, is this legal? Or is it a fair housing violation since it involves race?
- Book suggestions for new realtors looking for further reading re: sales techniques and ins and outs of the business.
- Splitting lots to sell?
- Is it true that the buyer doesn’t have to pay for their real estate agent?
- Vacant neighbor
- Architect x real estate agent?
- Just bought a house and discovered a shared driveway. No easement is in place as far as I can tell, and the other house is for sale! Is there any reason to act quickly to address this before it sells?
- If a Dining Room light fixture is the same as a dining room set and the seller wants to take it when he sells the house, does he have to specifically mention the fixture in the contract?
- Am I the only one, or does anyone else here actually like the look of beige? Can we get some more beige love?
- Tax ramifications for selling
- Septic Woes 3: Return of the septic
- At what point do you stop trying and move to a whole new area to buy a home?
- What do you bring up for remedy after an inspection?
- [GA] Closing without Certificate or Occupancy
- Advantages to buying a Bed &Breakfast as a primary residence?
| Better.com’s CEO Called Workers ‘Dumb Dolphins’—Three Executives Quit Posted: 09 Dec 2021 05:30 PM PST |
| Homeowners ins. wants me to insure my $250k home for $1M Posted: 09 Dec 2021 11:50 AM PST The title kind of says it all. I have been paying ~$250/mo to my homeowners insurance company for 21+ years without a single claim. My house is insured for $600k. I bought it for $90k, my city has it assessed at $230k., and I think I'd be very lucky to get 300k for my house even in todays heated market. Lately my insurance company has been harassing me with letters and phone calls that I am under insured and that I need to raise my coverage to 1M and I have thus far declined. They say 1M is the cost to replace my large 1895 row home with "like materials." Only an insane person would rebuild my house with like materials. I wouldn't even want to rebuild it with like materials. Also, the stone and brick exterior is not likely to need replaced even in an all-out fire. My area is not at risk for flooding or earthquakes. Basically, 1M would likely build a far superior house in it's place. But now I have received a letter that says if I don't raise my coverage to 1M, any claims may not be paid out at 100%. I feel like they are straight up trying to bully me into paying more. This is a highly rated insurance company, for what it's worth. Does anyone have any insight on why this is happening or what I should do? [link] [comments] |
| Michigan, if I close before the end of the year is there any tax credits I might get? Posted: 10 Dec 2021 04:50 AM PST Just wondering if I close on my house before the new year is there any tax credits that home owners get and if I would qualify for them being so late in the year? [link] [comments] |
| Mortgage sold to another bank, now asking for more hazard insurance coverage Posted: 09 Dec 2021 06:07 PM PST Earlier this year, I refinanced with Bank A for a better rate. After the process was completed, Bank A asked for proof of homeowners insurance and accepted what I provided. Fast forward another 6 months, Bank A sells my mortgage to Bank B and now Bank B has requested proof of homeowners insurance. I've provided the same coverage, but they are claiming the amount of hazard insurance on my premium is not enough and are requiring me to up it. I've had the same home insurance premium for the last 4 years, accepted at 3 different banks, so it seems really quite shady that they'd prompt me to pay more or else they'll purchase the higher premium for me at a significantly higher price. My question for you wonderful folks...Is this bank allowed to do this? What should my next steps here be? [link] [comments] |
| Evergrande has defaulted on its debt, Fitch Rating says Posted: 09 Dec 2021 05:31 AM PST |
| Posted: 10 Dec 2021 12:08 AM PST I had an offer accepted on Tuesday, along with depositing the earnest money that they wanted immediately. My agent got me to agree to leave out the appraisal contingency and only have a 10K+ inspection contingency. The house was listed at 1900 square feet, but after doing some measurements myself during the inspection today, I suspect it is closer to 1200-1350 square feet and the sellers are either incorrectly counting their unfinished basement or garage. The disclosures did not mention any plumbing issues (in fact, no was checked on the seller's form), but we found a pipe that was covered with tape that turned out to have a huge 3 foot by 1 inch gash in it (the sewer drain pipe) that looked self-"repaired". Many other parts of the basement sewer pipe needed replacement. Looking at similar comps in the area, I don't believe it will meet appraisal values as houses of similar size and age in the area have sold for 50K less. This all is giving me a general feeling of the house being misrepresented with how many things in the seller disclosure (which I was given AFTER signing the offer) aren't matching up to what was listed and represented by the buyers agent. What would be the best course of action here? I do not mind losing my earnest deposit if it comes to it, but am worried about further liability. [link] [comments] |
| Posted: 09 Dec 2021 08:03 PM PST I bought my house in 2011 for $175k. I have replaced the roof, replaced kitchen appliances with new stainless steel appliances, renovated bathrooms, kitchen, had exterior painted, replaced water heater with a new tankless water heater, replaced AC and had exterior painted. All of this was done between 2017 (renovations, exterior painted) and 2021 (appliances, roof, washer & dryer). I initially received the offer for $415k on my house from Opendoor. I then refreshed it 4 days later and they increased the preliminary offer to $422k. I have a virtual tour appointment with them this Sunday. I'm certain they will come up with a "repair" bill after an actual inspection. It's a 2400 sqft. 4 bedroom/2.5 bath pool home with hardwood floors. I'll be moving out of state next June. I think it's a good offer because I got a pretty good deal on the house when I bought it in 2011. I will surely negotiate with OD, but should I work with an actual realtor instead? I would hate to have people come checkout the house on weekly/daily basis and then I'd have to figure out a way to sell it in way that I get to stay here until June. Plus, I would have to find a house in the state I'll move to next June. Opendoor makes sense for the ease of the selling process. My head hurts thinking about it. [link] [comments] |
| Can a house be listed at the incorrect square footage? Posted: 09 Dec 2021 12:34 PM PST So I'm house hunting, and I toured a house that's listed online at 1600 square feet. When I got to the house, I received the packet that says the house is 1300 square feet. Well, I was interested at 1600, and its priced appropriately at 1600 square feet, but the packet scared me leading me to ask about it. Found out earlier this week, that it's listed incorrectly and it's actually 1300 square feet. My question is, can you purposefully put the incorrect square footage when listing? The agent is very aware of it, and told me it's listed incorrectly, and "will change it", but I don't think they will. I feel like this has to be wrong in someway, or is this really how house hunting works and you have to fact check it all yourself? I was tempted to put in an offer at the price, and now a days people are waiving inspections so they would be perceived to be buying a house at 1600 square feet when it's not at all. [link] [comments] |
| USDA loan for fixer-upper, as-is sale? Posted: 10 Dec 2021 04:05 AM PST Hi there, I am the seller for a house for which two contracts have fallen through post-inspection. I now have a buyer who is coming at a good price with a second offer because he really loves the house. The type of loan is USDA. Is USDA stuck-up enough to ensure that this sale does not go through? It's a 40 year old house which may/may not require some joist work. Everything else is good, but the home is being sold as-is. I just want to be sure that I can close with this buyer prior to accepting their offer. [link] [comments] |
| Posted: 09 Dec 2021 09:58 PM PST |
| Posted: 09 Dec 2021 08:05 PM PST Hello everyone, I'm in the process of obtaining my residential real estate license and I would like some book suggestions, as I want to educate myself as much as possible. I've rooted through a lot of book reviews online, but I would like to hear from my reddit community as well! :) [link] [comments] |
| Posted: 09 Dec 2021 09:23 PM PST My house is fully paid off and sits on what used to be 3 different residential lots with each having their own individual address. I bought the two my house wasn't on and all three lots became one address. I'm looking to separate the lots into 3 different addresses again and sell them. My neighbor told me I could only sell them back to the county for like $2500 each which seems ridiculous to me considering lots are selling for $50k in my area. Is there a way to separate the addresses again and sell the lots NOT to the local government for near nothing? Thanks in advance! [link] [comments] |
| Is it true that the buyer doesn’t have to pay for their real estate agent? Posted: 10 Dec 2021 03:17 AM PST This is kind of a weird question but I was talking to my mother about buying a house and asking her questions about how it went for her (I'm a first time buyer). When I asked her about her real estate agent, she told me that it was unrealistic to expect the seller to pay for your agent. She ended up paying $6k for her agent but I'm seeing a lot of folks say that the buyer doesn't have to pay. So I'm wondering if it's true and what the circumstances might be that would cause you to have to pay for your agent. (I live in Utah in case that may help) Thanks in advance! [link] [comments] |
| Posted: 09 Dec 2021 09:41 AM PST Neighbor is vacant, elderly, and unwilling to sell. House is a mess and attracts break-ins. What can I do? What are my resources? Moved in last January. Neighbor has had a vacant house for a few years now. Exterior is run down, fence falling down in the back/side. Local criminals know the house is vacant and constantly target it because there is still junk in there. The last time they came by took pictures like they were interested in buying the house and a week later at midnight came back in the same car, dropped off someone who broke out the front window and exited through the garage door. Every few weeks it's something new there. They also know if they cut the power off, the alarm battery will run out and they come back a few days later. I've spoken to the owner and they are not wanting to sell, keep giving this excuse of wanting to clean out the house and do something with it. But they only ever come by when I call them to tell them someone broke in the previous night. They are in poor health. I've called the local city code enforcement team and complained about the front window being broken out because more people were using it as an invitation to go through the house. It took the owner two weeks to board it up. What options do I have? My main concerns is those people will eventually expand there target and start trying to break into other houses on the block or cutting catalytic converters. Location: Northern California [link] [comments] |
| Architect x real estate agent? Posted: 09 Dec 2021 11:10 PM PST I'm inclined to look for a home that doesn't seem great but has a lot of potential. But I'm not good at envisioning ideas, knowing what's possible, how much it would cost, etc. I've read about some architects who have become real estate agents and thinking an agent like that would be much more or a value add than a traditional buyer's agent. Two questions: 1. Any experience with an architect real estate agent combo? 2. How can I find someone who fits this bill for my area? [link] [comments] |
| Posted: 09 Dec 2021 06:41 AM PST One (extended) family owned both houses so I'm sure they just both used the driveway and never formalized an agreement. I don't mind sharing the driveway with whoever buys the other house but I do feel like it'd be nice to have a written agreement in place. Title Co didn't find any easement and looking at county records I can't find anything either. Is this something I should rush to pursue before the other house closes? [link] [comments] |
| Posted: 09 Dec 2021 07:51 PM PST |
| Posted: 09 Dec 2021 12:07 PM PST I see a lot of disdain here for dark grey walls and dark brown flooring. This, I understand - I don't get how combining two of some of the most boring and even depressing colors became "the thing." My wife and I lived in an apartment where the entire apartment was dark grey walls and dark brown floors, and I'm certain that it contributed in some way to how miserable it could be to live there sometimes. But, I see an almost equal amount of hate for beige! It's uncalled for! "It's so 20 years ago!" I mean, maybe it's my nostalgia talking but that's why I like it! When I was a kid growing up in the 2000s, beige was the focal color, and I loved it! Plus, even without talking about houses I saw 15-20 years ago, just come on! Are people just thinking of one off-putting color when they talk about beige, or like a color that's difficult to decorate around? I mean yes, technically this eyesore is beige. But, so is this! And this! This is the kitchen of a house I used to visit occasionally growing up. I always thought it was one of the nicer looking kitchens I had seen. Granted, lighting, decorating, and camera angles make a big difference but still! Where are all my beige and super-light brown wall color lovers at? [link] [comments] |
| Posted: 09 Dec 2021 09:10 PM PST So say I bought 3 years ago for 250k and will sell for around 400k. What are the tax ramifications for selling? Any way to reduce the taxes taken out on that? [link] [comments] |
| Septic Woes 3: Return of the septic Posted: 09 Dec 2021 02:36 PM PST Previous threads for some context: https://old.reddit.com/r/RealEstate/comments/r8sh83/septic_woes_2_poop_boogaloo/ https://old.reddit.com/r/RealEstate/comments/qxqe17/septic_woes/ We've found that the township is willing to allow the easiest fix that is reasonable. It's installing a new tank next to the driveway, and reconnecting the existing drain-field to the new tank. However, and this situation just keeps on giving, it turns out that the pool-house on the property was never permitted for the septic connection. The new tank is enough to cover the house, but if the pool house is connected a new drain-field would need to be added (which can cost up to 40k). The property listing stated that the pool house contained a full kitchen, bathroom, bedroom and living room. However, none of that can now be considered living space. It's just fancy storage. So we're going from: 6 bed/ 4 bath / 2 kitchen / 2 living to 5 bed/ 3 bath /1 kitchen / 1 living. Now, not only do we feel as though they should fully pay for the septic fixes, but we are no longer buying the house we thought was listed. The fix for the pool-house to becoming living space again is going to be around 30k or 40k. And I can promise that they are not interested in undertaking the months long process of getting all of the correct governing bodies to approve of any new septic field (moving that amount of soil means we'd have to get in touch with another, different, county government agency). Do we ask for a price reduction as we are losing functional space? [link] [comments] |
| At what point do you stop trying and move to a whole new area to buy a home? Posted: 09 Dec 2021 12:21 PM PST I live in a great area, but the houses I can afford are small with limited land. And any of the houses with curb appeal get multiple offers within 1 day and I get outbid. At what point would you just say "screw it" and move to another area? [link] [comments] |
| What do you bring up for remedy after an inspection? Posted: 09 Dec 2021 07:18 PM PST Just curious how most go about deciding what they are going to ask the seller to address and your preferred remedy. [link] [comments] |
| [GA] Closing without Certificate or Occupancy Posted: 09 Dec 2021 07:06 PM PST Buying a new construction house in Cobb county, GA. Supposed to close on December 10. Lender says they can fund without CO. But the attorney says they need CO for closing. In your experience, is there a workaround to this situation? For example, I will sign an affidavit stating that I won't move in until a CO is issued so allow me to close now? My closing date has been pushed six times so far. I bought two rate lock extensions. I have been paying $400 premium on my rent since converting it to monthly renewal. All this is putting a lot of strain on my finances. Would someone please suggest a workaround? My real estate agent is looking into it but says there's not much he can do if the attorney says they need CO for closing. [link] [comments] |
| Advantages to buying a Bed &Breakfast as a primary residence? Posted: 09 Dec 2021 12:47 PM PST I'm considering buying a property that is currently a bed and breakfast and making it my primary residence. I'm wondering if there are any potential advantages (or disadvantages) that I'm missing. While the property is operated as a bed and breakfast now, we would not plan to operate as such if we bought it. It would be converted to a single-family home, with one exception. There is a second house on the property currently rented as a long-term rental, which we would continue to do. Ideally, we'd convert the second house to a vacation rental but the city won't issue an STR permit (the waitlist for new permits is at least 10 years long). The property is amazing but needs a lot of updating. Considering part of the property (the extra house) would be an investment, could we write off improvements to the main house? Considering we'll spend much more on improvements than we'll collect in rent on the spare house, could we apply that loss to other income? If no to the above, I'm sure we could write off the improvements if it were still a BnB. Maybe we continue to offer limited BnB to friends and family? But, would that impact our ability to finance it as a primary residence? Any ideas for how to take advantage of the fact it's a BnB today? [link] [comments] |
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