I could be wrong, but these corporations buying up all these houses and turning them into rentals is going to bit you real estate agents in the ass down the line... Real Estate |
- I could be wrong, but these corporations buying up all these houses and turning them into rentals is going to bit you real estate agents in the ass down the line...
- Is this rude? (need to see a house, agent not available)
- First time home seller
- Questions about buying house at auction.
- Co-op Process
- Being called crazy for selling
- (Usa) has anyone ever heard of a county losing all land records? What happened?
- Just made my first offer ever …
- looking for work
- Worried fixer upper will appraise lower than value.
- Has anyone here bought a home without an agent and if so, what was your experience like?
- How does a seller come up with their list price?
- How does 250k cash work?
- Low appraisal price - should we walk?
- NYC Real estate agent
- Selling investments for down payment: When to cash out?
- How do I get out of a mortgage that is being held in trust?
- New Construction
- How are judgments handled?
- Inflated selling price question
| Posted: 07 Dec 2021 01:30 PM PST The companies that I see all over Zillow/Realtor such as Progress Residential, Tricon Residential, AmericanHomes4Rent, Invitation Homes and the like have bought up almost everything available in the Tampa Bay market and apparently many other metropolitan areas of the US. Sure, there are people buying homes too, but not in the volume these cockroaches are. Sure, you'll be making your money, for now, selling to these all cash investment banks and hedge funds, but I hope you put some of those commissions away for a rainy day. These scumbag investors will be holding on to these homes until they are run into the ground. Don't think they're shitty companies? Do some research. They have zero pride in what happens to the property: The fact of the matter is that Wall Street is stealing everything that people hold near and dear to their heart: their hopes and dreams, and then price gouging the marketplace by inflating home prices and the cost of renting. They are creating the housing shortage that so man y of you people like to call a supply and demand market. The only reason there is no supply is because of these leeches on Wall Street. Like I said, put some of that money away. You are going to need it down the road once the majority of the houses are owned by bankers and the buying/rental process is completely automated and takes you (the agent) out of the equation, for good. [link] [comments] |
| Is this rude? (need to see a house, agent not available) Posted: 07 Dec 2021 09:28 PM PST My agent is a nice guy and has shown me 2 houses (my request, he didn't find them for me or anything), he is out of town with family and told me this. It looks like I can't see anything for a few days more (he was gone the whole weekend) but there's one particular house that is a short sale that I WANT to see, asap. We didn't sign a buyer-agent agreement. I want to be nice and wait but damnit, this could be a good place for me and it's a short sale so I'd rather get the ball rolling. [link] [comments] |
| Posted: 07 Dec 2021 06:59 PM PST We've completely redone our house and put a lot of work and money into it over the years. It was just listed on zillow and elsewhere. I feel like I'm selling my baby 😂 any advice for a first time home seller? Something you wish you knew when selling your primary residence? [link] [comments] |
| Questions about buying house at auction. Posted: 08 Dec 2021 12:27 AM PST Next week a house I'm interested in buying to fix up is going to auction. It's through the the county and in the disclaimer it says... If you bid on property, you should perform your due diligence before you bid, not after! This includes examination of the title (including liens on the property) How do I go about getting this information? [link] [comments] |
| Posted: 07 Dec 2021 05:58 PM PST I am in the process of buying a coop. I have an interview next Tuesday for a Yonkers location. I have a few questions. Hopefully all goes well. I have a few questions, seeking guidance. Any advice for the interview? What home insurance should I take? How should I handle finances? My closing date for my lender is 1/20, is this a locked date? Can closing happen sooner? Thank you. [link] [comments] |
| Being called crazy for selling Posted: 07 Dec 2021 08:26 PM PST Turning to Reddit collective wisdom. Okay I'm looking for a secondary income stream. Choices are
I'm looking to make roughly the same each month either way (not factoring asset appreciation). I'm not very keen on dealing with tenant problems but again I've never tried. Everytime I bring up dividend investing I am advised that I'm nuts and that real estate is the king of long term investment. Again though the lifestyle doesn't seem that appealing to me. Just wondering if anyone gave up the landlord road and went elsewhere. [link] [comments] |
| (Usa) has anyone ever heard of a county losing all land records? What happened? Posted: 07 Dec 2021 02:37 PM PST This has had to have happened somewhere in a city fire or flood. Anyone have an example? How did they resolve it? [link] [comments] |
| Just made my first offer ever … Posted: 07 Dec 2021 10:07 PM PST on a home. I really, really want it - but weirdly a huge win, perhaps the biggest win, feels like going through the process itself. I've learned so much, in no small thanks to this sub! Wish me luck!!! [link] [comments] |
| Posted: 08 Dec 2021 01:21 AM PST If anybody needs an assistant for listing the estates online and managing appointments text me [link] [comments] |
| Worried fixer upper will appraise lower than value. Posted: 07 Dec 2021 08:54 PM PST Hello I put an offer for a house to be $340,000 while the asking price was originally $349,000. Big house. 1,400 sf two story messy but nice home with beautiful fireplace and kitchen, walk in closets and has a 400 sf unfinished basement. The house inspection showed stuff where I can do myself, install replacement sump pump, reflash the chimney, fix holes and paint and get rid of the carpet. Problem is the water tank, furnace, and electrical is old. House is 1927. Been slightly remodeled over time with newer appliances. Definitely needs a repaint due to chips and scuffs over time. The staircase railing ripped off the wall. And it smells like cigarettes and weed in the house. Apparently the seller wants to just get the hell out and leave the state. Description says MOTIVATED SELLER!! Comps on the area average $350-420k . All are renovated, fixed up, while one that requires lots of work is $320k. Please ease my week long anxiety.. my realtor says barely houses go under house offer and always seem to match. How much can the comps help me and how often do houses appraise less? How bad can cigarette smoke and dirty carpet lower the value? Does the appraiser go based on the new offer of $340,000 and work up or down that price while viewing home? How bullshit is the motivated seller phrase? I'd be pissed if he doesn't accept a lower appraise. [link] [comments] |
| Has anyone here bought a home without an agent and if so, what was your experience like? Posted: 07 Dec 2021 06:34 PM PST I know real estate agents say you need a real estate agent but I'd like to hear from someone who did it themselves. What was the hardest part? Was anything easier than you thought it would be? [link] [comments] |
| How does a seller come up with their list price? Posted: 07 Dec 2021 11:18 PM PST Does the sellers agent usually advise on this? I see similar houses with list prices all over the place! [link] [comments] |
| Posted: 07 Dec 2021 11:13 PM PST I'm confused mainly if this means they give you a case full of money or if the term "cash" means something different. Is it even sensible to carry that much money on hand to close a deal? [link] [comments] |
| Low appraisal price - should we walk? Posted: 07 Dec 2021 03:27 PM PST We are supposed to close on a house on Friday. The purchase price is $234,900. That was the seller's asking price and they refused the budge when we made our initial offer. Due to some delays, our appraisal just came in today and the house only appraised at $208,000. Our movers are already scheduled for Saturday, my son is registered to start school on January 3rd, and we are absolutely heartbroken and at a loss of what to do. There is just no way we can come up with another $27k cash in 3 days, and while the appraisal does feel too low to me, based on comps, the house is definitely overpriced. We do have an appraisal contingency, so we can walk away, but our current home is already under a new lease to new renters starting January 1st, and we'll have nowhere to go. I have hopes that the sellers will be willing to renegotiate, but due to their unwillingness to budge earlier, I don't expect them to come down much. Does anyone have experience with this? I feel absolutely lost/terrified/stressed, and potentially homeless at the end of the month. [link] [comments] |
| Posted: 07 Dec 2021 08:31 PM PST Hey guys! Recently started my career and was wondering what's the best FREE site to post to to rent apartments for NYC. I'm just using Facebook marketplace and avail.co now. [link] [comments] |
| Selling investments for down payment: When to cash out? Posted: 07 Dec 2021 03:59 PM PST We are looking to buy our first home in a very expensive area. We've saved enough for a large down payment, about half of which is in a taxable brokerage account. (I put it there before I knew what I was saving it for—I know conventional wisdom is to keep a down payment in cash, but c'est la vie.) My question: When do I cash it out? Should I do it now, before we have a house in mind, to keep it safe while we look? Or should I wait until we've had an offer accepted, since it might take a while? Curious how others have handled this, and if it makes any difference to your lender where your down payment is held. Thanks for any advice! [link] [comments] |
| How do I get out of a mortgage that is being held in trust? Posted: 07 Dec 2021 01:19 PM PST This one's complicated: in 2007 my wife and I got divorced. The house was mortgaged in both our names. I thought we were selling the house to a flipper, but what we were actually doing was assigning a trustee to our mortgage. This trustee has simply kept the mortgage in our names and paid on it ever since. While the trustee has been regular with his payments, he does appear to be a little shady. His address(es) and multiple phone numbers are all invalid; the only contact info the mortgage company has is a P.O. box. There has also been litigation against him, though I don't have any of those details. I would like to become disassociated with that property. As it stands now I have a mortgage which is figured against my income on my credit report. I don't begrudge the trustee his profits; he has apparently been responsible in paying for the property and not causing me problems. But I can't get another mortgage now. I cannot find a way to contact the trustee, so there's no current way of negotiating. Are there any options other than a long civil action? [link] [comments] |
| Posted: 07 Dec 2021 06:19 PM PST I was supposed to have a design center meeting for a house (large national builder) for 12/17. Something came up for work, and I can't make the appointment. The reps are saying we can't push the date, because it falls out of a 21 day window from when the contract was signed. 1st the original date of 12/17 already fell out of that timeframe. 2nd, I literally can't miss work because my job sprung a huge project on me, and although they had originally given me the time off, they said there's absolutely no way I could be out of the office as originally planned. I told the builder reps I could come the following week, or any other time, just not on or before 12/17. The builder rep is checking with the "big boss" tomorrow, but was already denied from her direct manager, thus the need to pull in the "big boss" (they're title for him, not mine). Is this normal for builders to seemingly risk a deal because of an extension to the next week to visit the design center? I get they're on a schedule, but life happens. If I lose my job for missing work to get to attend a design center meeting, then guess what, I can't buy the house anyway. Plus with the holidays, I have a suspicion that a lot won't be done with the design center outcome between now and the new year, so what's the big deal to push it back by a week? They're reluctance to do this kind of makes me just want to walk away; however if this is just how it is with new builds, then I guess thats the game I'd have to play anywhere. Any insights would be greatly appreciated! Edit: I'm located about 6 hrs away from the design center/build site [link] [comments] |
| Posted: 07 Dec 2021 05:03 PM PST Recently got the title insurance documents back for a home we are looking to close on in a several weeks, and a bit confused by the process. There are several judgments listed in Schedule B, Part I: Three for mortgages, two judgments for small amount to state revenue service, a judgment from the IRS for couple hundred thousand, and another judgment from their mortgage bank for a couple hudnred thousand. Talking around, it appears that the items in Schedule B, Part I are all required to be settled prior to close. However, I don't see how that is possible since the sum of the three mortgages and these judgments is in the 1mil+ range; I doubt they have that cash on hand. [link] [comments] |
| Inflated selling price question Posted: 07 Dec 2021 01:06 PM PST Hi everyone! So my sister is looking at a 1950s small starter home and asked my opinion. The asking price is just over 200k. When I was looking at the tax commissioners database, it says the house sold about 5 years ago for almost 3 million. The sale before that was probably about 3 years earlier and was only 80K. Why would there be a random sale for such a high amount? [link] [comments] |
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