- My dad makes $35k a year and my brother makes $40k we are currently renting paying low rent which helps us save some money. should we keep renting or buy a home? We have 0 debt and $70k in savings ��
- How would you tell good tenants that you would like to increase the rent?
- Did realtor.com just remove their crime levels map?
- Are sellers in the wrong
- The agent for a potential buyer asked our selling agent to let her know if we got any offers. Is that a usual request?
- Need advice Unpermitted ADU. LA county city of LA. I Purchased the property in 2007. It had a small guesthouse studio apt and garage had also been added on to as well. No permits. I remodeled the units over the years with quality to code construction.
- Is the blind bidding process we have in place for home purchases really better for the seller?
- Dad is selling his house and is thinking of gifting me money for a downpayment.
- FTHM. My agent is ignoring my request to send me a termination form so I can walk out of deal.
- We got approved for a townhouse, but agent never sent us the lease when she said she would, and now its listed as "rented" on all sites it was available on?
- Should I buy a double unit and rent it out and live in it?
- Bid offer too low
- Legal question about reappraisal - appraise use home seller just closed on
- Selling with Redfin agent Vs non-Redfin agent
- I hate my home i bought in the suburbs, what can I do with it now?
- Time frame for post rental ads?
- Best mortgage rates right now?
- HELP-1st home- Thinking about buying a new construction - what should i keep in mind.
- Has anybody started off their own brokerage practice as a sole proprietor to help a friend/family member buy a home?
- Substantial rent increase notice
- Keller Williams: Coaching Program vs. Joining a Team
- Due Diligence on Lot Near Flood Plain
- In a unique situation, need advice on if I can buy a home or not
- Would you buy a discounted property if seller has non paying tenants in there currently?
- Advice on house fixing
| Posted: 12 Dec 2021 02:03 PM PST |
| How would you tell good tenants that you would like to increase the rent? Posted: 12 Dec 2021 10:37 AM PST I have a nice family renting my former town house since January 2018. They are very good at paying the rent and I'm also very good at maintaining the property: If any appliance is broken, I immediately replace it for them. If the AC needs attention, I immediately sends over my contractor. For 4 years, I haven't increased the rent. But apart from (or maybe due to) the inflation, the town home insurance, HOA fees, county real estate tax have all gone up. So, I'm considering increasing the rent by my county's recommended percentage, which is 1.4% for 2021. If it were you in this situation, how would you go about telling them that you would like to increase the rent? I don't want to upset them. I am not an experienced landlord myself. [link] [comments] |
| Did realtor.com just remove their crime levels map? Posted: 13 Dec 2021 03:12 AM PST |
| Posted: 12 Dec 2021 04:50 PM PST Just purchased a home (NC) and in our contact is the stipulation that the roof would "be replaced" before closing. The sellers have put shingles over the existing roof. We were expecting a brand new roof. Are they in breach of contract? [link] [comments] |
| Posted: 12 Dec 2021 06:04 PM PST We haven't received any offers at all so agreeing to tell her just creates a route to lowball on her clients' end, doesn't it? On the other hand, it can also drive up competition. My spouse and I don't see eye to eye on this one so I'm asking here. [link] [comments] |
| Posted: 12 Dec 2021 04:46 PM PST I just repainted the entire exterior of all structures did some other touch ups and was getting ready to list and sell. It's been an income producing air bnb for years. Realtor went through mail and I had a letter from city to demolish unpermitted structures. I've heard stories of city workin with owners to bring ADU structures up to speed an permit them. Especially due to low housing crisis. Curious how to proceed. Gonna call inspector Monday and ask for extension since I live 8 hours away in nor cal. Should I get lawyer right away? Perhaps try to work on being it up to code wherever needed? Sell as is with structures unpermitted and disclose the issues? Thanks in advance for any leads or advice. Thanks thanks thank!! [link] [comments] |
| Is the blind bidding process we have in place for home purchases really better for the seller? Posted: 13 Dec 2021 12:08 AM PST Why aren't houses sold like nearly everything else with transparent bidding for both buyer and seller. I was a FTHB recently and one of the shocking parts of the process was the information asymmetry between buyer and seller. Why are homes one of the only financial assets that don't follow an 'efficient market' template where the going rate is visible to all parties? Because it is one of the only assets that uses blind bidding, I suspect it is less efficient overall. Maybe realtors push this to give themselves a role in the process to prove value? Maybe it is easier for realtors to handle but worse for their clients? As a buyer you have no idea what the competing bid is so all you can do is guess. That could be high (good for seller bad for buyer) or low (bad for both). If you bid low your offer will be rejected and you'd move on even if many people WOULD pay more if they new what number would do the trick. Since there is no information though, they hold back since they don't want to overpay on a house compared to what it would take for them to get it. When I sell my house and if competing offers are still a thing, I am considering testing this theory and posting the key points of the current best offer for all to see. Maybe with a 2 week 'bidding end date'. [link] [comments] |
| Dad is selling his house and is thinking of gifting me money for a downpayment. Posted: 12 Dec 2021 11:57 PM PST My dad is selling his house. He has a decent amount of equity in it. I don't know anything at all about purchasing or selling a home, so whatever terms, methods, or words I fumble: I apologize. He is going to be renting from a family member for a few months while we figure out our budget for a home. We've talked about him gifting me the money for a down payment and me renting it out to him or living with him, depending on the size of the property. He said he would rather have me own the home outright rather than go through what could be years of legal hassle since his health is declining. Is this doable? I don't know if he would need to claim captain gains tax on any equity. Like I just have no clue about how real estate works at all right now. I don't know if there are any particular circumstances where he would not be able to use the money he makes from the sale of his current house and gift it to me (and then me renting the home out to him if I don't end up moving in). We are going to be purchasing a home in a different state than his house is in now. [link] [comments] |
| FTHM. My agent is ignoring my request to send me a termination form so I can walk out of deal. Posted: 13 Dec 2021 03:29 AM PST I was unhappy with some seller disclosures, HOA rules, hazard reports, Megan's law findings (rapist next door) and inspection report. I want out of the deal and we have a short contingency period for inspections- it expires in 2 days. I've been repeatedly asking (in email, phone and text) to send us the termination form to sign and send asap to seller. She keeps saying she 'needs to talk to legal' or 'call the seller first' and is asking me not to notify escrow. I notified escrow and CC'd her. She is pressuring me, misleading me, not cooperating and I'm nervous we will miss deadline. What are my next steps? Guessing contact her broker. Or should Lawyer up now? [link] [comments] |
| Posted: 12 Dec 2021 11:41 PM PST We got approved last week and our real estate agent said they would send us the lease that day to look over and have us call her the next day with questions so we could get everything signed. They never sent us the lease, didn't get back to us, etc. or anything. There was some question with a move in date (they stated we needed to move in within 2 weeks of signing the lease, however they were trying to be flexible with the holidays, but we still haven't heard about this (though they knew our intended move in and didn't question it during the application process). I went to show the listing to someone and it said it was unavailable on one site and rented on another site. What does this mean? [link] [comments] |
| Should I buy a double unit and rent it out and live in it? Posted: 12 Dec 2021 01:59 PM PST The reason I want to do this is because I want a house of my own and inflation. Taking on debt with coming inflation and all that stuff. I'm just really not sure if the house market will drop in price or just rise and rise. Another thing is if the economy just gets super bad I'm not sure if that would be good or bad for me. I'm looking at a house right now and it has tenants in it already paying the amount of the mortgage in rent. I would simply movie in to the other unit. Any advice or criticism is greatly appreciated, thanks y'all [link] [comments] |
| Posted: 12 Dec 2021 10:20 PM PST As a buyer's agent, what do you do when you know your client's bid offer is too low and will not get the house? [link] [comments] |
| Legal question about reappraisal - appraise use home seller just closed on Posted: 12 Dec 2021 10:03 PM PST I recently closed on a home. During the process I knew the home I made the offer on wasn't going to appraise for asking, based on comps in the area at the time. My realtor disagreed. Well, I was right and the house initially appraised $20k lower. My mortgage lender allowed the seller 48-72hrs to contend the appraisal or find more comps. Well, to my surprise the seller was able to find 1 additional comp that was able to justify the asking price. Well good. Fast forward and I find out at closing, the house that was added to the report was the house the seller had just closed on. Is this a nothing burger, or is this something worth investigating further? [link] [comments] |
| Selling with Redfin agent Vs non-Redfin agent Posted: 12 Dec 2021 06:32 AM PST We're planning to list our home this spring in a very competitive market (Austin TX). We've met with three agents, and narrowed it down to two. 1) Successful neighborhood specific agent, 10+ years of experience. Has a good track record, I've seen him sell homes in this area for more than I thought they might fetch. 3% fee. 2) Redfin agent (greater austin radius). 10+ years of experience. Has 100 reviews online, with 4.9 out of 5 rating - many great reviews specifically citing her shrewd negotiation skills and communication/availability. Same reviews site homes selling for over list/market price. 2% fee, plus potential .5% back if we buy with Redfin later. I liked them both. What would you do? We're targeting 900K, so the extra 1% is significant. [link] [comments] |
| I hate my home i bought in the suburbs, what can I do with it now? Posted: 12 Dec 2021 08:47 PM PST Hi all Long story short: I'm 29 and bought a home in a Dallas suburb to be closer to my parents, but now i hate it. What can I do with the home now to make better use of it? Background:
What are some ways to better utilize the home? Any advice or positive thoughts would be appreciated... haha...... (my brain can only think of these options but please let me know if there are better options).
[link] [comments] |
| Time frame for post rental ads? Posted: 12 Dec 2021 05:59 PM PST My current rental lease agreement will be ending on July 22. Was wondering how soon should I post for rental ads? [link] [comments] |
| Best mortgage rates right now? Posted: 12 Dec 2021 07:21 AM PST Looking to buy, anybody know of the best lowest rates rn? [link] [comments] |
| HELP-1st home- Thinking about buying a new construction - what should i keep in mind. Posted: 12 Dec 2021 07:43 PM PST My family is planning to buy a new construction in a Dallas, TX. We are settled on one of the structure in a 40 ft corner lot which has 20K premium. The sales counselor wants us to sign the contract and give 2% as deposit and then will schedule a design session with their folks to go over the upgrades and all. I do have a friend realtor who don't won't help much but will give me back 50% of the commission he will get. This will be my first home and it's a very big investment for us. Please provide any suggestion on what i should do and not do!! Thank you in advance! [link] [comments] |
| Posted: 12 Dec 2021 10:54 PM PST Looking for any high level advice and tips. Don't need the "don't mix family/friends with work" comments but I guess you're free to say it if you need to. Thanks. [link] [comments] |
| Substantial rent increase notice Posted: 12 Dec 2021 10:51 PM PST How do i give a substantial rent increase notice? I am closing on a property where average rent is 2200/month but the old tenant is paying 1400/month and has been residing from 13 years. During the tour, the tenant mentioned they are ok with rent increase as long as it is slow and gradual and they understand current rent is way below market. However, their current rent or minor rent increase won't even put me in a positive cash flow given the price i am buying the home for. I am going to be a first time landlord. [link] [comments] |
| Keller Williams: Coaching Program vs. Joining a Team Posted: 12 Dec 2021 06:57 PM PST I'm a brand new agent who just joined KW about a week ago. I've never made a single cold call, door knock, gone to an open house. I just took the test on the first try and passed (with a ton of studying). I paid all my on boarding fees and now have to make a decision if I want to join a team or do the Productivity coaching program. I *almost* joined a team but the team leader pissed me off today and I'm so glad I didn't sign his agreement just yet and told him I'd like a few days to think about it. I don't know if I should join a team- I would most likely be looking for a new person. OR if I should do the PC. I'm straight out the gates brand new however I have a super high drive and motivation and hustle aspect of me. I prefer working independently and I'm a quick learner (I was that kid that always hated in person classes and took as many online classes as I could and pretty much taught myself because it was easier for me). The thing is I just don't know how exactly to get started in real estate and thats a ginormous problem that even if you got a 100 on the exam, you're not prepared for. Example, if someone came to me tomorrow and said I want to sell my house can you be my agent, I'd have no fricking idea how to do it! So my question is, will the coaching program really guide me and train me and tell me what to do and how to do it? How to fill out paperwork and all that? I really don't want to join a team and would rather go solo if I can and thinking about one day creating my own team (in a few years). Also, I'm financially stable enough to even pay for my own leads however that's not something I'm going to do until I know exactly how to utilize those services. I just want to know if anyone who has gone through both can recommend one over the other. [link] [comments] |
| Due Diligence on Lot Near Flood Plain Posted: 12 Dec 2021 02:27 PM PST I am looking to purchase a lot and am hoping for help from this community on how to conduct due diligence on the purchase. Situation:
Questions:
Thank you for the time! [link] [comments] |
| In a unique situation, need advice on if I can buy a home or not Posted: 12 Dec 2021 05:14 PM PST I'm 19 years old living in NJ, I have about $30,000 in savings. My family is currently renting an apartment paying upwards of $1,900 per month. Would I be able to take out an FHA Loan with the downpayment of $30,000 and have my family pay the $1,900 they are currently paying in rent towards the mortgage? So essentially I would just use my savings to put them in a home and they continue paying the same monthly amount except it's going towards the mortgage of the home. I am a college student but I am employed working part-time and my credit score meets the FHA requirements. I'm sure more details are needed to properly answer my questions so please feel free to ask, I apologize if it's a dumb question, I'm just a college student trying to help out my parents who I feel are getting ripped off with the rent they're paying. Any advice is appreciated, thanks in advance. [link] [comments] |
| Would you buy a discounted property if seller has non paying tenants in there currently? Posted: 12 Dec 2021 12:10 PM PST Saw a nice triplex way below market price for this reason. I'm thinking atleast 50k-80k off a 500k property. Thoughts? Is removing them that difficult? [link] [comments] |
| Posted: 12 Dec 2021 02:11 PM PST Not sure if it's a right place but one of my 2 furnaces broke down today. Both are 14 years old. I could get the broken one replaced for 6k or both for 11k. What would i do??? [link] [comments] |
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