Multiple offers with escalation clauses, how exactly does it work ? Real Estate |
- Multiple offers with escalation clauses, how exactly does it work ?
- Can someone explain a home equity loan?
- Buying a starter in current market?
- Anyone build an A-Frame on your land?
- Fair Rental Days 2021?
- Tenant question
- House or Car
- Real estate interview question
- Cheapest time of year to install gutters?
- How to prepare for appraisal of home I currently live in.
- Investment question.
- Did I Make the Wrong Decision?
- Any suggestion on Real Estate Online Schools?
- Is there anything I need to do regarding post-bankruptcy mortgage to get new mortgage
- Multiple offer situation — what happens to the losing offers?
- Is there a website I can visit to see what MLS listings are coming soon?
- What are the potential complications of buying a home that the water has been turned off for 2 years?
- How to view interior pictures of a house that last sold in 1999?
| Multiple offers with escalation clauses, how exactly does it work ? Posted: 16 Jan 2022 03:11 AM PST My partner and I are currently selling our home. We have 2 offers currently, both with escalation clauses. One is for $340k offer with escalation of $1000 over highest bidder up until $365k. The other offer is $350k offer with escalation of $1000 over highest bidder up until $366k. Here is where I'm confused, does that mean we can accept the $366k since the other buyer set their escalation max to $365k? Too early to speak to my realtor and I have insomnia so Im asking here. [link] [comments] |
| Can someone explain a home equity loan? Posted: 15 Jan 2022 05:10 PM PST Seeing if I have this right. We purchased our home 6 years ago for $200,000. Today it's worth $250,000 give or take (via appraisal, not just what someone would pay for it in this market) We have come to the conclusion that we're going to stay in our home for several more years. We wanted to buy, but we just don't want to do this market anymore as we've tried for almost two years. Anywho, if we were to take out a home equity loan, what does that look like? Bought for $200,000 Owe: $181,000 Worth (appraisal): $250,000 - assuming, we've not checked yet Pay back wise - how many years of a loan would this be, or is it lumped into our mortgage payment? Thanks! Sorry for being so naive, just want to ask here since our loan officer won't be in for another couple of weeks due to a family emergency. ETA: we don't know how much the house is worth now. I'm only basing it off of Zillow (I know, I know) and comps in our area. [link] [comments] |
| Buying a starter in current market? Posted: 15 Jan 2022 08:34 PM PST First time home buyer in NJ and have a 1 year old. Wife and I both have decent incomes but the area's we are aiming for are some of the most desirable as well as expensive in the state. While on paper we can afford a larger house in this area, the monthly payment we feel most comfortable with is a smaller/starter home that we'd most likely out grow in coming years as we plan to have another child or two. Given the state of the market, do you think it is better to go the route of buying a starter and getting back into the market in 5-6 years with the very likelihood of higher rates and prices or do you think it's better to stretch now to buy something that will most likely fit our family longer term if we can afford it? [link] [comments] |
| Anyone build an A-Frame on your land? Posted: 15 Jan 2022 06:19 PM PST Just curious if anyone here has built an A-Frame on land you already own? If so, how large is it and roughly what did you spend to build? [link] [comments] |
| Posted: 15 Jan 2022 07:43 PM PST I put my house up for rent mid November 2021. I had a tenant sign a lease mid December 2021 for a move in date on Jan 1st 2022. That's when their lease actually began. I collected their security deposit upon completing their signed lease mid Dec. How does this work with fair rental days vs personal use days? Should the fair rental days be zero? Do I even include this rental on my 2021 taxes? [link] [comments] |
| Posted: 16 Jan 2022 12:38 AM PST I slipped and fell while showering and put a hole in the shower/bath fiberglass. I'm I responsible? How much will it cost? [link] [comments] |
| Posted: 16 Jan 2022 12:09 AM PST Hello Everybody, hoping your all well, I've been saving for a long time and have come up with a deposit for a property, I've spoken to the bank and they've basically said I'm approved. My thoughts are to get in to the property market whilst I'm still young and get my foot on the ladder, My family has been saying to me should I upgrade my car instead of purchasing a property, I'm leaning towards property but I'm not sure any help would be highly appreciated Thanks [link] [comments] |
| Real estate interview question Posted: 15 Jan 2022 11:44 PM PST I have a case study given to me for my 2nd interview round as a real estate analyst in Europe and the only thing the interviewer gave me was a bunch of floor plans, filled-in application forms and contracts for a multi-family renovation project. All they told me was to "evaluate it" and prepare a short presentation with my findings. What do you recommend I present? A summary and a cash flow? Anything else? Appreciate any answers as I am really interested in getting into real estate [link] [comments] |
| Cheapest time of year to install gutters? Posted: 15 Jan 2022 05:48 PM PST Hello, What's the cheapest time of year to get gutters installed, in terms of materials and labor? Should I suck it up until spring, or get it done now in the middle of winter? edit: for a 160 ft install with 5 down spouts on a 1.5 story cape cod, the first quote came in at $2500 for 6 inch gutters, 3x4 down spouts, and gutter guards installed. Is that high for NJ? [link] [comments] |
| How to prepare for appraisal of home I currently live in. Posted: 15 Jan 2022 10:37 PM PST I recently accepted an offer on my simple midwestern 2 bd, 1 bath bungalow.I still live in the home, is there anything I should do to prepare for the bank appraisal other than make sure everything is clean and tidy? Any advice? [link] [comments] |
| Posted: 15 Jan 2022 09:58 PM PST I keep getting messages offering to buy my house. What would I do with the profits? If I Re-invest in real estate, what are the tax benefits? How do I learn more about this? [link] [comments] |
| Did I Make the Wrong Decision? Posted: 15 Jan 2022 06:57 PM PST We said no today to a brand new 2700sq ft build under 350k in a Dallas suburb that was in an area we like a lot. It has a HOA and a super tiny yard though and we want a big yard for our kids (one of those cookie cutter neighborhoods, affordable u customizable homes) and are iffy about HOAs. It was a sign today or lose it deal and it just didn't feel right, but reading the state of the market megathread makes me feel like I will never be able to buy another house ever again. We have a house that we can probably sell for 100k more than we owe on it (its gone up probably 70k in value since we bought in 2018) and we know we definitely want to move. But we have three toddlers (who are sick often) and we get an amazing deal on their daycare 10 mins away (that we were on a waitlist for, its impossible to get 3 kids into one daycare) and I didn't want to drive 45mins one way then 45mins back home to work twice a day. Plus once they're done with daycare we are maybe thinking about moving to a different state up north/midwest for the weather change and to be closer to family. We can't do that now because of daycare and jobs though. I just don't want to move for 2-3 more years because we have a good mortgage rate and payment now plus we pay for 3 kids in daycare but I also feel like saying no is gonna be a decision I regret big time if house prices everywhere double again and interest rates are super high. I do not want to be stuck in this house forever (not the safest area…). What would you have done? [link] [comments] |
| Any suggestion on Real Estate Online Schools? Posted: 15 Jan 2022 07:53 PM PST Hello, I'm looking for a real estate school and get a license. Do you guys recommend any online school that is good? [link] [comments] |
| Is there anything I need to do regarding post-bankruptcy mortgage to get new mortgage Posted: 15 Jan 2022 07:44 PM PST Bankruptcy discharged June 2019, did not reaffirm the mortgage at advice of the attorney (and basically everyone everywhere) but have been paying mortgage since and living here. Divorced December 2021, in Our agreement, ex gets the house, but I will continue to pay mortgage & associated bills only while I continue to live here (he does not live here) for up to 18 months for me to move out and ex to refinance. Currently mortgage and deed are in both names. I would like to get a mortgage of my own and move out sooner than later. I should qualify for FHA, but the banker I talked to said I need to get my name off of the mortgage for current home. He didn't seem to be super knowledgeable about post bankruptcy financing though so, I thought I'd ask here. Since I do not have a personal liability to the home, and I also have legal documents saying it is now property of ex, how do I deal with this? I could quit claim now so I'm off the title? But I don't think ex will be able to refinance to get my name off of the defunct mortgage for another 1.5 years because of the chapter 7. Is there another way to get my name off the defunct mortgage or is it really even necessary? [link] [comments] |
| Multiple offer situation — what happens to the losing offers? Posted: 15 Jan 2022 10:51 PM PST I'm in a hyper competitive market in LA right now. There are homes in certain areas getting 50+ offers. Only 1 offer can win. What happens to the other 49 people? Is this a reason to be bullish on the market or am I misunderstanding the macroeconomics here? [link] [comments] |
| Is there a website I can visit to see what MLS listings are coming soon? Posted: 15 Jan 2022 04:50 PM PST |
| Posted: 15 Jan 2022 10:22 PM PST I noticed a thick caking of a rust colored material in the toilets and was wondering if that's indicative of further damage [link] [comments] |
| How to view interior pictures of a house that last sold in 1999? Posted: 15 Jan 2022 08:50 PM PST |
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