Real Estate: Anyone know of any Part-Time weekend positions I could apply for in the real estate industry? |
- Anyone know of any Part-Time weekend positions I could apply for in the real estate industry?
- Tip for agents from a tenant.
- What is a good website to track the lowest mortgage rates possible. All I could find is average rates. Thanks.
- Paying 30k per month to rent a house
- Is it considered “profit” if you got all of your monthly mortgage money back?
- What is a Good Offer on a Home with No Comps
- [VA] Scammer trying to "rent out" a property my wife is selling.
- Stuck between two homes
- How interested would the real estate community be in a floorplan drafting service?
- Building a house for under 150k
- Don't forget that you can defer your capital gains (from any sale/s) for up to 10 years if you invest in a Qualified Opportunity Zone.
- Worth renegotiating?
- Are there any similarities, or parallels, that are happening in the Canadian Real Estate market now with that of the US in the mid 2000s?
- Who shows me a house when I request a showing on realtor.com
- Thinking about my dad's house
- Re-Fi Title Insurance Question [US-FL]
- Question about Zillow: Pre-Forclosures
- Real Estate Valuation
- How can my dad contribute to my down payment?
- Condo Maintenance Charges Upped 18%!
- Interest Rates?
- Seller refuses completion date
- Is anyone a financial analyst in the real estate industry?
- Lender does not want to provide LE
| Anyone know of any Part-Time weekend positions I could apply for in the real estate industry? Posted: 06 Mar 2020 07:52 AM PST Hi all, I am currently working a full time job but want to learn more about the real estate industry. Do you know of any part-time weekend positions I could apply for that would give me the experience I would need to learn about the real estate industry? I live in Houston,Tx. Do not know if that helps.... Thank you! [link] [comments] |
| Posted: 05 Mar 2020 05:28 PM PST So I'm living in a condo as a tenant, condo is listed for sale, that's life. Place is kept ready to show and clean and I accommodate all showing requests made with proper notice. I am also willing to waive the day notice period in certain circumstances if it's not an inconvenience. I get about 15 showings a day and the place has been on market 8 days, condo prices here are about double vs what they were selling for 4 years ago. Canada's major cities have some of the hottest real estate markets in the world right now. A 400 square foot shoebox in the sky like the one I live in go for an average of about $925K. Most agents are fine, but those of you who start playing with the lockbox before knocking, those who don't wait a reasonable 20 or so seconds before accessing the lockbox are going to find yourselves with an very annoyed tenant in your face when you open the door. Especially those agents who show up before your appointed time and attempt this. If you do get in using the lockbox you can announce yourself by saying something like "Hello!" Or "Real Estate!" If you don't see anyone in the unit, I could be in the bathroom for all you know. Don't just start traipsing around without at least having made a verbal attempt at announcing yourself. If you're too timid to do that maybe you're in the wrong line of work. I know you're all chomping at the bit to make that sale and get that sweet commission check, we all need to make a buck and support ourselves, so basically don't be an ass and I'll stay out of your way and let you look around with your clients as long as you like. If you're an agent lacking manners, common sense, or decency, like the hotshot yesterday who was speaking about "the tenant" in my presence, and asked me if I signed some legal notice to vacate, be forewarned that I will ensure that every subsequent showing you make is as difficult as possible, I will ensure that your showings are done to the letter of the law, which means I will not accept phone calls from the listing brokerage for showings, au contraire I will see to it that your showings (and only your showings) are requested in writing, hand delivered to me. I will absolutely not let you in a minute early. Running late and hoping to reschedule? Sorry, I've got other plans. Let's all be nice and pleasant when interacting with each other here and everything will go beautifully. [link] [comments] |
| Posted: 06 Mar 2020 08:36 AM PST I was looking for something like this , but I'm not sure how reliable this source is. Thanks. [link] [comments] |
| Paying 30k per month to rent a house Posted: 05 Mar 2020 01:30 PM PST I was browsing Zillow rental properties in Beverly Hills just for fun and saw so many houses for rent for 20k, 30k, and evening 40k PER MONTH. Who in the world can afford to throw away that much money every month!? I get that very rich people live there, but still! Do those houses actually get renters or are they there just for...show or something? Lol. [link] [comments] |
| Is it considered “profit” if you got all of your monthly mortgage money back? Posted: 06 Mar 2020 04:48 AM PST I am closing my house soon. I did the calculation. I know I get all of my deposit and monthly mortgage payment. Edit: When I did my calculation, I realize the profit is just above my total of mortgage payment I have made throughout 3!yrs. If my "profit" is $3800 for 1 year, then my total month mortgage for 3 year was $3600. I know I made $200. But, how could you categorize the the rest of the $3600? I know $3600 is considered equity. Let me know your thought Thanks. I know stupid questions. [link] [comments] |
| What is a Good Offer on a Home with No Comps Posted: 06 Mar 2020 05:29 AM PST Wanting to buy a home in the country. Home is 40 minutes from largest town. The sellers are asking $385,000 The sellers bought the house in 2013 for $266,000 The county GIS says it is worth $280,000 We looked at it and loved it. It is a older home. Negative is the heating bill is $500 a month. I feel there are better options to heat the home which would bring down those costs. There is also a garage with a dirt floor. We looked at it 2 weeks ago and the sellers agents have been bothering our agent ever since. The house has been on the market for 35 days as of today. What would be a good offer? Thanks! [link] [comments] |
| [VA] Scammer trying to "rent out" a property my wife is selling. Posted: 06 Mar 2020 09:02 AM PST Maybe someone here can give me advice. My wife is a real estate agent in Virginia. Someone created a fake rental listing for a property that she has listed. They're asking for an application and fee and they say they'll review applications and mail the keys to whoever they select as renters. I texted their number trying to pry information from them and they claim that they're in NYC. The owner of the property is filing a police report, but I kind of want to mess with this person. Ideas? [link] [comments] |
| Posted: 06 Mar 2020 06:26 AM PST I apologize if you guys generally don't provide house picking advice, but I want to be wary of any problems I am not seeing with two new construction homes. These houses are otherwise identical. No kids, maybe that changes in 3-5 years. Could also upgrade in 5-7 years.
This is in a suburban area in the midwest and our realtor has highlighted the fact about importance of resale and #2 is more of a traditional family-oriented design and could have more buyers later. I'm wondering if the quirky home that is #1 would burn me later on as far as resale. [link] [comments] |
| How interested would the real estate community be in a floorplan drafting service? Posted: 05 Mar 2020 05:51 PM PST I've been brainstorming potential side gigs lately and came up with this idea after finding it difficult to envision a home layout from listing pictures alone. Wanted to poll this community to determine interest. Very few property listings include floorplans: I've typically only seen them in new construction builds and rental apartments. Benefits of including floorplans in listings:
My idea:
Is this something that would provide value the real estate community? Do you guys think agents and buyers would be interested? How much would expect to pay for this sort of service? [link] [comments] |
| Building a house for under 150k Posted: 06 Mar 2020 09:45 AM PST I want to build a house that's between 800 sqft-1500 sqft feet. 2 bedrooms, two baths. However, I do not want to break the budget above 160k. I want the ideas of a tiny home with FHA loan standards. The issue I am running into is that in Savannah Georgia, I can only do it in certain areas to get a particular loan (Georgia dream maker assistance program). Would it be possible to do such a project and get a decent return? Many new constructions are selling very fast in the area I'm looking in. Most are between 900-1500 sqft. [link] [comments] |
| Posted: 06 Mar 2020 09:22 AM PST Don't forget that you can defer your capital gains (from any sale/s) for up to 10 years if you invest in a Qualified Opportunity Zone. Begin discussion. AMA [link] [comments] |
| Posted: 06 Mar 2020 09:17 AM PST I'm trying to buy a home and my closing date was supposed to be today. However the due to issues with my loan, the closing date was missed and is being pushed to next week. I still don't have a definitive yes/no answer for my loan If I want to instead pay for the house in cash at this point, can I renegotiate the price down a little bit? The way I see it, this benefits both the seller and myself. I benefit by getting a cheaper price and the seller benefits by not having me walk and having to relist the house which will cost them more money than I would negotiate down Thoughts? [link] [comments] |
| Posted: 06 Mar 2020 09:09 AM PST |
| Who shows me a house when I request a showing on realtor.com Posted: 06 Mar 2020 08:38 AM PST Is this the sellers realtor or do they assign me a realtor that can represent me? [link] [comments] |
| Posted: 05 Mar 2020 06:41 PM PST I currently live in a house that my dad owns. He recently asked if I wanted to buy the house. I believe the purchasing price is a good deal, so my initial thought is to buy the home from him. I've never bought a home before and he doesn't want to get a realtor involved, which I guess is understandable. My dad isn't in a financial bind. I genuinely believe he's trying to help me out. Has anyone ever done this before? What are the pros and cons? Is there anything I should be aware of? Any insight is greatly appreciated! Thanks! [link] [comments] |
| Re-Fi Title Insurance Question [US-FL] Posted: 06 Mar 2020 07:07 AM PST Here is the situation. I am re-financing my current loan for a lower rate. I'm waiting on the required appraisal but house appraised for $515K two years ago, I would expect its value is at least that. I built this house starting in 2018 on vacant land that purchased with cash. That purchase included $83K of "owners" title insurance. The ensuing construction loan only included "lenders" title insurance. The construction loan has been closed since Oct 2018. My understanding is that the lenders policy doesn't really protect me and is only in effect during the life of that loan. I'm now being offered a owners policy as part of the re-fi for somewhere between $800 and $900 dollars. For the pros in here, would the cost be worth the benefit and peace of mind the owners policy gives or am I being a nervous Nellie in considering taking the owners policy? Is the $83k of owners policy still protecting a claim on title now? Is that "enough"? [link] [comments] |
| Question about Zillow: Pre-Forclosures Posted: 05 Mar 2020 03:09 PM PST What are these? Are the houses on the market? Can you make an offer on these? If so, how? [link] [comments] |
| Posted: 06 Mar 2020 04:10 AM PST I am looking at buying a single family home in a suburb of a mid-size city. This is not an investment property in the sense of renting it out. I will personally live there for at least 5 years. Question: is it possible to "time" the real estate market and if so, what indicators and data should I be looking towards to see if a decline is likely in the future?I know they say you shouldn't do it with stocks but should you do it with houses? Background: it is definitely a sellers market. People are often paying above listing price. A 3-4 bedroom 2000 sqft house used to go for about $175k 5 years ago. Now they easily go for $220k+. While the market obviously believes the price is justified because they sell like hot cakes, I don't. I expect a pull back on the prices but not necessarily to what they previously were 5 years ago. The problem is, I don't have any resources or data to back up my claim. Will I be the one missing out by waiting longer to purchase or can I time the market using hard facts and data? [link] [comments] |
| How can my dad contribute to my down payment? Posted: 05 Mar 2020 06:16 PM PST My dad is matching my contribution to my first home down payment so he wants to put 15K to my 15K Question is how is this done legally? I'm guessing transferring money to me counts as income for my taxes, so do we both give the lender separate checks? Anyone have experience with this? [link] [comments] |
| Condo Maintenance Charges Upped 18%! Posted: 05 Mar 2020 07:05 PM PST Hi everyone, Wife and I recently purchased a condop (condo & co-op) in an NYC high rise and its on a PILOT (payment in lieu of taxes) for taxes. The maintenance charges and PILOT are sent as one payment to the building (originally expecting to pay $2k for this monthly) and I have a separate payment for the mortgage to my bank. We were told in writing and verbally that the annual PILOT increases would not be more than 3%-5% and there are healthy reserve levels as well. Fast forward 3 weeks after we close and we get a notice from the board that the increase for 2020 is going to be 18%. Lawyer saying there's no case and the board has discretion on what to increase it to. Anything I should check or figure out? The notice went to the entire building. [link] [comments] |
| Posted: 06 Mar 2020 07:08 AM PST hey guys! sorry for a possible redundant post.. and possibly a dumb question? First time FHA home buyer here.. as we all know, word has been that the interest rates are dropping due to the virus hysteria.. i talked to my broker this morning about locking in our rate at a possible lower rate. He said our lending company actually raised their rate to slow down business and due to the high demand (aka everyone trying to close, refinance, etc etc) and their employees cant keep up. He said he locked us in so we wouldn't be subject to our rate going up due to this. does this sound right? even though overall rates are going down can lenders raise their rates at their leisure to slow business? just want to make sure im being told the correct information here.. we are about 2 weeks from closing! EEEK! [link] [comments] |
| Seller refuses completion date Posted: 06 Mar 2020 03:15 AM PST Hello, I'm a first time buyer, and I'm near to moving into my first house. Draft contracts have been completed, I have paid for multiple surveys (combined with solicitor fees, approx. £2000). The issue is, myself and my solicitor suggested a completion date to the vendors. I wanted to do this in advance, as I rent currently and need to give a month's notice to my landlord. The plan was to agree a date 5/6 weeks in advance while some small enquiries were tied up. When I offered on the property, the vendor stated they have a vacant property in which they had an offer accepted for, hence it should be a quick process. This sale/property has fallen through and is now off the market. The vendors now claim to be looking for a rental property to live in temporarily 'as to not hold up the sale'. They have known about their initial house purchase falling through for over 6 weeks. They are a little older, and have a cat - hence are very picky about the area they rent in, and need somewhere 'pet friendly'. There are very few rental which allow pets. They flat out refuse to agree to or negotiate a completion date until their accommodation is sorted. I am worried about them either offering to purchase another house (tacking on 2/3 months to my completion date) or taking weeks/months being picky finding a rental. Am I really expected to wait indefinitely until they find somewhere perfect to live? Is there anything I can do aside from threatening to pull out of the sale? I can't afford to lose about £2k and a house I really like. I am new to this process, so apologies for my lack of understanding. Thanks in advance :) [link] [comments] |
| Is anyone a financial analyst in the real estate industry? Posted: 05 Mar 2020 05:47 PM PST I currently work in public accounting. Wondering if this would be a good switch? [link] [comments] |
| Lender does not want to provide LE Posted: 06 Mar 2020 02:28 AM PST Hello Reddit, About 15 days ago i filled out a mortgage application with a lender and have yet to receive an LE. I actually filled out several applications as I was shopping rates. This specific lender had quoted me the lowest rate of all and best Mortgage insurance. I was very interest in using them so I filled out app and he pulled credit. He told me he was working on LE and would send in a day. Next day i asked him how it was going, i was just starting escrow in a property and wanted to lock in with a lender. Its a 45 day escrow, so i had lots of time to shop. He told me he was swamped with work and he was asking that we locked with him and move forward with him before he provided an LE. I really didn't feel confortable doing this, i wanted to see this great numbers in an official LE. Some days later I told him that we would move forward with him but to please provide LE. He just told me how some LEs might be different from lender to lender due to escrow differeces which will at the end be the same everywhere, he once again asked me to only compar to other lenders by the rate he was quoting by email only. He said that before giving us an LE, if we could provide him with W2s, paystubs, etc. Again, i didn't feel confortable with him and we decided to move on with the second best Lender which provided LE. He sent me an email recently and mentioned he could provide even lower rate from what he initially quoted me. I told him I was interested but i needed to see the LE before i jumped ship. He said he was hoping to get to work on it that day and will send right away. Two days later i asked if he had time to put it together, which he replied and said he was going to get to work on it that day. Now, another two days later, i still don't have an LE. At this point I dont even trust him to chose him but I thought lenders were obligated to put together an LE? He pulled my credit and I filled out an application and I feel it was a waste of a hard pull. What could I do in this situation? I still want my LE even if i do not choose him. [link] [comments] |
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