Real Estate: Seller took appliances that were included in sale |
- Seller took appliances that were included in sale
- Im 24, how do I start investing in real estate?
- No cell reception at this neighborhood we are looking to buy at
- Searching for new home for a long time
- Time to buy?
- Can you get an MLO license on your own?
- HUD Home Store
- Urgent advice needed on refinance vs no fee rate reduction
- Loan officer career, recently hired but have no experience..tips?
- Trying to estimate closing costs.
- Best way to study for the STATE portion of the exams?
- I'm selling a condo and looking to do a 1031 exchange but my quote was $1500, are there any less expensive solutions online? I found one option for $700, but I don't know if they are reputable. The condo is worth 140k, and money is tight right now. Thanks for your help!
- What % mortgage rate can I expect to get this week?
- Convince me why I shouldn't buy this place...
- Thoughts on my inspection list?
- Question for all my realtors out there on how to handle a transaction fee situation
- We want to sell our house but we think it’d be a loss. Looking for advice
- Tips for cold calling
- Sell or Rent? Zero knowledge in real estate, need help please!!
- Investing in Jersey City
- Fallen Tree Due To Wind And Property Damage
- First time buyer need help!!
- Good time to be holding RI?
- Any advice for me with recent events?
| Seller took appliances that were included in sale Posted: 07 Mar 2020 07:30 AM PST In Washington state. The offer included the fridge, washer, and dryer. I did the walk-through an hour before signing and the sellers were still there moving. All the appliances were there. I got the keys two days after closing and the appliances are gone! My realtor has contacted their agent but I'm curious how much negotiating power they have. The options were to either A) return/reinstall the ones they took, B) replace with comparable appliance (who defines 'comparable'?), or C) credit me $1750. I'd prefer a credit. My realtor said she was putting in 1750 and hoping for 1500. I don't know the age of their appliances but their fridge alone is worth $2400 new. The washer/dryer set is 1500. She already messaged about the 1750 so we cant go higher but should I at least be pushing back and not accepting anything less than 1750? I'd expect the sellers don't have much negotiation power here but I also don't know in what ways this could backfire if I push on the 1750. Or, did I screw myself by signing before they left? [link] [comments] |
| Im 24, how do I start investing in real estate? Posted: 06 Mar 2020 11:16 PM PST Hi, I'm graduating this semester as an accountant and going to get my CPA soon. I'm hoping that'll get me enough money to start investing in real estate. I was wondering if there are any ideas on how to start in real estate? I live in NYC so buying rental properties here wouldn't work since the prices are so high. Was thinking of getting a cheap house in a further away area to invest in (around 100k). I was hoping to save enough by the end of next year for a down payment. Im hoping I'd eventually leave accounting and do real estate full time. What is the fastest route to do this? Should I do rental properties or flip houses then buy rental properties? Are there anyone out there who left their full time jobs and did real estate full time? How are your portfolios like? Thanks! [link] [comments] |
| No cell reception at this neighborhood we are looking to buy at Posted: 07 Mar 2020 08:34 AM PST Found this GREAT neighborhood that we are looking to buy in. It's located in a fairly large city (over 300K population) just outside of a major metro area. But here is the issue: Verizon has absolutely NO reception in this neighborhood. Even though it shows coverage on their "coverage map". May sound simple as switching providers but issue is that me and my partner both have work phones on the same network and we would have to carry second personal phones. What options do we have? Also is lack of cell coverage an issue for future buyers? [link] [comments] |
| Searching for new home for a long time Posted: 07 Mar 2020 07:06 AM PST Anyone else been looking for a new home for quite a while? I live in the northeast and it's a true sellers market. Most homes in good areas are 350k+ and most need work. we own a starter home but have been looking for our forever/next home for a few years now. Nothing comes up and if it does we're just not crazy about what it offers and the work it'll need. It's stressful because I want to sell my current home but don't want to end up homeless or having to find short term leases which are very expensive... Just looking to see if others are in similar situations...hoping this season is the "one" [link] [comments] |
| Posted: 06 Mar 2020 09:15 PM PST First time home buyer <— is now the time to pull the trigger given the current economic state? [link] [comments] |
| Can you get an MLO license on your own? Posted: 07 Mar 2020 10:44 AM PST Title is pretty much the entire question. I want to get into the mortgage lending field and have employers take me seriously, so I was wondering if it's possible to take it on your own? Or do you need to be sponsored for it by an employer? [link] [comments] |
| Posted: 07 Mar 2020 10:10 AM PST Hey everyone. I have an investor interested in a home on hudhomestore, only issue is broker cant figure out his password and their is no agent login. Anybody got suggestion? I've already went through this one with my broker and we lost the place last time. I've been on him to figure it out and I did eventually get his login info but its...incorrect. and now he caant seem to remember what email be signed up with...any suggestions? [link] [comments] |
| Urgent advice needed on refinance vs no fee rate reduction Posted: 07 Mar 2020 09:49 AM PST Hi All, Looking to get some advice and on what is the best option out of the two I have available to me. I just started an application to refinance my primary home with QuickenLoans. My current mortgage is with chase. My current rate is at 30 Y Fixed Jumbo @ 4.375%. Chase send me an offer through email yesterday i guess to keep me as a customer to lower my rate without refinancing. I need to decide in the next few days to accept chase's offer or not. Here are the terms of the two options. QL terms: 30Y Jumbo fixed for 3.375% with .375 points for $2500. Total closing costs are $6800 Chase: 3.5% with no refinancing fees what so ever. No other fees either. All terms and loan period stays the same. Thanks, Ken [link] [comments] |
| Loan officer career, recently hired but have no experience..tips? Posted: 06 Mar 2020 08:19 PM PST I impressed at the interview and I actually got the job. My position for the first 7 months will be processing documents and then eventually a loan officer. It'll be RETAIL loans and mostly warm leads as it is with a national mortgage company. I really want to impress and do a good job but I have a mild case of imposter syndrome. What are some things I can learn and adopt to ensure that I succeed and make lots of money? Forgive me if this isn't the correct spot to post, I'd really like to see what loan officers can do to help! [link] [comments] |
| Trying to estimate closing costs. Posted: 07 Mar 2020 09:39 AM PST First time none buyer in Pennsylvania. Looking at a traditional mortgage. 400k mortgage. 200k down. Taxes are about 12k a year. I hear that closing costs are much here in Pennsylvania due to transfer taxes. Anyone with experience can give me an estimate so we know how much to save? [link] [comments] |
| Best way to study for the STATE portion of the exams? Posted: 07 Mar 2020 09:29 AM PST I'm pretty confident I'll pass the national portion of the test, but now I'm having trouble finding ways to study for the states portion. I've been using Union Test Prep to study for the national, but can't find anything on this site for a state portion (unless I'm just overlooking it) [link] [comments] |
| Posted: 07 Mar 2020 09:00 AM PST |
| What % mortgage rate can I expect to get this week? Posted: 07 Mar 2020 08:44 AM PST Facts: Looking to buy home of $700k, putting $140k down. Southern California, $180k household income, no debt, credit scores 800+ I don't want to get pre-qualified or have my credit run quite yet so anyone able to give an idea based off what you are seeing? Whether your in the industry or recently getting a mortgage... [link] [comments] |
| Convince me why I shouldn't buy this place... Posted: 07 Mar 2020 08:44 AM PST Hey everyone, thank you so much in advance for hearing me out. I'm super new to the multi-family space and feel like this place is rented at well below the market rate in the area but can't justify the listing price. What are some obvious signs that maybe as an experienced landlord/RE Investor can you see in this property that would lead you to hold back from putting in an offer? What may seem like a good deal to me can be the complete opposite for someone that has been doing this for a while and that's all I ask going into this is to know what those things may be. Big chunk of change for me and as much as my agent is helpful, I would love an outside opinion. If you need any more details I am super responsive. Thank you! [link] [comments] |
| Thoughts on my inspection list? Posted: 07 Mar 2020 08:18 AM PST Hi all, just had inspection and wanted to know your thoughts on what items to ask seller to address or provide credits for. I'm buying in NJ, house had at least one other bid. We bid over asking. We will consult with our agent about inspection items as well but would like some other opinions. Thanks Item will definitely ask for
Items not sure if to ask for
Items I'm not asking for
[link] [comments] |
| Question for all my realtors out there on how to handle a transaction fee situation Posted: 07 Mar 2020 08:09 AM PST I currently switched brokerages and so far have been enjoying it. My broker pays for warm leads and takes 50% of each of those deals we close which I am completely fine with. My main concern is that he always wants to charge my buyers a $525 transaction fee. All of my clients feel like this is nickel and diming and I disclose this when we do our buyers consultation. I would rather pay a monthly fee of this instead of charging to my clients. I honestly most of the time would just pay it. But when I'm working with my lower price point clients that's a lot of my commission gone to my broker. How should I handle this? I want to talk to him about different options agents can do. I feel for my clients because when you are buying a home every penny counts and I really want to help my clients in anyway possible. I do explain what the fee entails and a lot of them think it's ridiculous. Am I being a bleeding heart or is there a better way to handle this? Just looking for advice from other realtors with experience in this [link] [comments] |
| We want to sell our house but we think it’d be a loss. Looking for advice Posted: 07 Mar 2020 07:28 AM PST Hey guys, My husband and I bought our home last July. We knew we were probably overpaying by a bit but it's a very coveted area 2 miles from the beltline and in the "midtown" part of our city, so we thought we'd eventually recoup that money plus some. We also thought we REALLY wanted to be on this street, but now feel we'd rather live out in the boondocks if it meant we could have a larger, newer house. We bought a 1550 sf 3/2 brick ranch for $319k and it appraised for $320k. It's just not what we thought, and it's way too small for us. The kitchen, furnace, AC, and windows were all brand new when we bought. We laid laminate flooring down. That's it - the bathrooms are still 1970 original and the master is tiny. The roof is 10 years old. The online estimates for our house now are $325k. That would get us our down payment back but we'd lose a good bit of our closing costs and we would absolutely be in the negative after paying a realtor. What can we do? Should we take a loss and go back to renting until we regroup and can buy another home? Should we suck it up and stay here and wait to get more equity? We could rent it out, I guess, and break even on our mortgage payment. Rent here usually goes for about what our payment is. Thanks for your advice. [link] [comments] |
| Posted: 07 Mar 2020 06:58 AM PST I am trying to buy an old farm in WV. I drive by this property all of the time and it looks as if no one has lived there for a few years. I don't know the owners, but I did get their names/current address using ONXMaps. A few months ago I had reached out to several of the local realtors and they seemed eager to help. But after several follow ups, it is clear that they have no intentions of pursuing this sale. What is the best way to cold call these people and ask them if they would be willing to sell? [link] [comments] |
| Sell or Rent? Zero knowledge in real estate, need help please!! Posted: 07 Mar 2020 02:32 AM PST Hello there, I know next to nothing about real estate. My parents own a semi detached about 35 km north of downtown Toronto. I believe it is in a pretty decent area, and based on listings near my neighbourhood i believe it could be worth anywhere between $850,000 to $1,000,000. the mortgage is paid off on the home. im not sure how much of this information is important tbh. Recently my father had suffered a heart attack while visiting his family in Italy, and after returning from his 8 month absence he mentions he wants to pay any outstanding debts he has and spend the rest of his days in Italy with his siblings. His plan is to work his construction job to pay his estimated debts of 30k or so, and the jump ship. That leaves my mother and I with a 4 bedroom house for 2 people and my dad probably suffering another heart attack trying to work off his debts. What I'm trying to get at is considering the house was bought like 25 years ago for around 300k, and both my mother and I both having other places to live and my father being in Italy, what is the best thing to do with this house? Should we rent it out and keep the property? Sell it? and if so should the profits from selling the house be put into other properties? I really know nothing on this topic so any input would be greatly appreciated. thanks in advance [link] [comments] |
| Posted: 07 Mar 2020 05:49 AM PST I'm planning to buy a small property in and around Jersey City for investment. This will be my first investment in real estate. I'm still new to this and trying to learn as much as I can but everyone talks about "positive cash flow", "1% rule" etc. Is it possible to have this in Jersey City? If not, how should one approach areas like this. Is it just a speculation that price would keep on increasing and in short term it's a money losing scheme? Want to stick to Jersey City because want my first property to be closer to where I stay which would make it easier to manage(Hopefully)! [link] [comments] |
| Fallen Tree Due To Wind And Property Damage Posted: 07 Mar 2020 04:31 AM PST Yesterday we had a wind advisory after a storm, and around 3pm I had 2 trees fall on my property. Both trees fell toward mt neighbors house, but luckily no ones home was damaged. However, the tress have done a significant amount of damage to my fence. My question is I am in the process of considering a refinance to take advantage of better interest rates, and my overall goal is to have the lowest monthly payment which also involves having a lower escrow payment. Would it be better for me to take care of the damages as opposed to submitting a claim on my insurance? [link] [comments] |
| Posted: 06 Mar 2020 08:57 PM PST On mobile sorry for formatting I have made multiple offers and have been outbidded numerous times. There is a single family house that has a mother in law suite. I am unsure if there's seperate meter etc but my question is are there any repercussion for renting this unit out?.. Or living down there and renting out the rest of the house? Should i request permit before buying i just don't want to be in any legal trouble. In Illinois if that helps [link] [comments] |
| Posted: 06 Mar 2020 06:54 PM PST I have a condo in downtown San Diego on my hands that breaks even (after principal paydown). I have been renting it the last few years to figure out what I want to do with it. After the latest tenant moves out I was going to furnish it and rent to Traveling nurses. This would get me an actual slight profit, but also allow me to leave it available a few weeks out of the summer for family to come visit. (And maybe a huge comiccon boost for July ~$10k (see covid19 cancelation)) If I sold now I would make a very small profit ~15k after fees since 1bd condos don't gain in value a lot. My neighbor is wanting to do a 2yr rent to own that id price at a ~30k profit for me. Would you sell or hold in this situation? (I have a fourplex that cash flows and covers my personal home mortgage and the small loss on this condo. So I'm not new to the RI game :) ) [link] [comments] |
| Any advice for me with recent events? Posted: 06 Mar 2020 07:21 PM PST I've been putting off buying because there's nothing in my price range I like. I've made the mistake of continuing to watch the real estate listings, which is kinda pointless because I haven't had a current prequal letter in forever, since it seemed there was nothing worth buying (to me). Anyway, I'm wondering with recent events, would it be better to go ahead and get prequalified now and move forward or wait? I have really good credit and about $110k saved up, but I don't make much money. Is it better to wait until after the election to buy a house when I know how it's going to go (Democrat vs Republican) and also with the Corona crap? I saw a really nice house this week I like for a great price, but since I'm not prequalified obviously I can't make an offer which stinks. It's about $30k below market value because it needs paint and flooring, but I really like the house more than anything I've been seeing. I've considered just saving up for another two and a half years until I can make a bigger down payment, since most houses I'm interested in are $160 or so right now, (I only make $40 or so before taxes) but I'm afraid they'll keep going up and it'll be a waste of time. I've also considered buying land and saving to build in two years or so because it doesn't seem like the rates on construction have increased as much as the real estate market, from what my friends in the industry have told me. I work in the home design industry so I'm a little picky when it comes to houses, so most of the houses I like are built in the late 90s-2000s style wise (higher ceilings, newer layouts, etc). But most in my price range are the 70s and 80s shoeboxes with low ceilings and old layouts that I absolutely don't like. So I'd rather wait and build than buy something I really am not interested in just so have bought something. If I could find a house in the $130 range like I saw and be prequalified I'd be good to go right now, but they only come up once or twice a year, and could be a bidding war. [link] [comments] |
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