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    Thursday, April 16, 2020

    Realtors: Would anyone be willing to talk to a potential renter about the current market? I’m trying to decide between university housing and my own apartment

    Realtors: Would anyone be willing to talk to a potential renter about the current market? I’m trying to decide between university housing and my own apartment


    Would anyone be willing to talk to a potential renter about the current market? I’m trying to decide between university housing and my own apartment

    Posted: 16 Apr 2020 05:19 AM PDT

    What is the market right now? I would assume renters have the upper hand because most people don't want to sign a lease during COVID-19 so there's a lot of empty places. Does anyone know how the market specifically in Philadelphia is? I want to know if I should be rushing to find an August 1st place or taking my time. Thank you

    submitted by /u/throwaway278778-
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    How can I make sure I’m not getting scammed if I can’t see the property?

    Posted: 16 Apr 2020 10:52 AM PDT

    My roommate and I are in the process of finding a new place to move into once our lease is up. Unfortunately due to the COVID situation, we are unable to tour the unit we are trying to move into. Every realtor I have talked to has said they cannot give in person tours right now and they usually offer up a video instead. We are in the Boston area (Cambridge) and the city is pretty much shut down at this point, so this isn't surprising/unreasonable.

    I really want to move into this apartment and I would be okay committing to it without seeing it in person. I looked up the address online and found a listing on realtor.com for when the unit was sold in 2018. The pictures line up with the photos and video of the rental listing. I've seen the outside of the unit in person and it also matches the advertisement.

    I had talked to the landlord before he put me in contact with a realtor. I did some research on both of them they ~seem~ legit. I looked up the landlord in the registry of deeds and his name is on ~20 properties. I could not, however, find any documentation on this exact address (the address definitely exists, but their DB didn't have any info on it). The realtor is associated with an established realty group and I had actually texted back and forth with him (on the same phone number he is using to communicate with me now) briefly last year about a different apartment.

    I feel like it is legitimate but I don't have any guarantee without seeing the property in person. Are there any appropriate ways to get proof that the unit is what they are advertising it to be and these people are who they say they are/have the right to rent out this unit? Would it be unreasonable to try to get in contact with the current tenants?

    The unit requires first + last month/security/brokers. Is it reasonable to ask to only pay a small part of this and hold the rest until we are able to see the unit in person? I am concerned the realtor will think we are going to back out if seeing the unit in person doesn't meet our expectations, but really I just want proof that I'm not getting scammed and I don't know how to express that without being insulting (?).

    Please any advice on the matter is welcome!

    submitted by /u/1111000ooo
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    Why did a landlord buy a tenant's leasehold interest in the landlord's property?

    Posted: 15 Apr 2020 11:05 PM PDT

    1. Pls ELI5. The Landlord (Hughes) unmistakably owns the property leased to the lessee (Metropolitan Railway Co). Thus why did a Landlord buy the lessee's leasehold interest in the landlord's own property?

    2. Why wouldn't the Landlord just authorise the lessee to breach and end the lease with no penalty, and return the property to the Landlord?

    Richard Taylor, Damian Taylor. Contract Law Directions (6 edn 2019). p 92.

    However, in Hughes v Metropolitan Railway Company (1877), the House of Lords gave effect to conduct which amounted to a promise as to future conduct. The landowner Hughes served notice on the Railway Company to perform repairs on the property it leased from him within six months, on pain of forfeiture of the lease. The Railway Company said that it would carry out the repairs but, before it did this, it wished to hear from Hughes on its proposal for Hughes to buy the Railway Company's leasehold interest in the property. The parties entered into negotiations but they did not arrive at an agreement and Hughes sought to eject the Railway Company from the property six months after it had served the notice of repair (the Railway Company performed the repairs two months later).

    Paul Davies. JC Smith's The Law of Contract (2018 2 ed). p. 92.

    But does Hughes v Metropolitan Railway Co really support the principle enunciated in High Trees? This was a case involving a waiver. A landlord gave his tenant six months' notice to repair the premises, the lease being forfeitable if the tenant failed to comply. During the six months, the parties entered into negotiations for the sale of the lease to the landlord and, with the landlord's concurrence, no repairs were done while the negotiations were in progress. The negotiations failed.

    O'Sullivan & Hilliard's The Law of Contract (2018 8 ed). p. 114.

    5.77       Denning J was here referring in particular to the case of Hughes v Metropolitan Railway (1877). There, a landlord served a notice on his tenants to carry out certain repairs to the leased property within six months. (The lease provided that the tenants were responsible for repairs to the property and that the landlord was entitled to terminate ('forfeit') the lease if the repairs were not performed in accordance with the notice.) The tenants replied saying that they would carry out the repairs, but wondered whether the landlord might be interested in buying out their leasehold interest and suggested that the repairs might be deferred pending any negotiations. The landlord entered into negotiations and, while these were going on, the tenants deferred the repairs. After negotiations broke down, the tenants began the repairs but they were not completed within the initial six-month period, whereupon the landlord attempted to forfeit the lease.

    submitted by /u/kystis
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    [CA] How do you guys get your address list for mailers?

    Posted: 15 Apr 2020 04:37 PM PDT

    Is there a trustworthy sight or process in which you collect your address lists for mailers? I am trying to print and send mailers out and need farm area addresses.

    submitted by /u/yopeee
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    Looking to be a Real Estate Agents Assistant

    Posted: 15 Apr 2020 09:26 PM PDT

    Position Looking for: Real Estate Assistant

    Background Info: I'm a 20 year old college student currently pursing an accounting degree but if I transfer to another university I'll be pursuing a Real Estate degree at the University of Colorado Boulder.

    Questions: 1. What is the best way to look for a position like this; I reached out to a few local agents but haven't heard back from them in a week. 2. Is there any experience necessary? I don't have any RE experience yet and I am hoping to use an opportunity like this to get into the field and possible have a few connections to get at RE job after college. 3. What suggestions, opinions or ideas do you guys have for me to be successful in my sea h and job if I get one.

    submitted by /u/akashkarsanbhai
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    2 Units

    Posted: 15 Apr 2020 06:56 PM PDT

    Hi, does anyone know what does it mean when a house has 2 units? Sorry I am new to Real Estate and not sure what it means.

    submitted by /u/soggyfroggy11
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    Finding Sellers

    Posted: 15 Apr 2020 04:10 PM PDT

    Any recommendations on how to find motivated sellers that might be selling due to CoronaVirus?

    submitted by /u/Ipromiseitwasme
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    Where to get best rate?

    Posted: 15 Apr 2020 01:03 PM PDT

    Hey everyone,

    My wife and I are currently shopping rates for a new construction home we will be closing on May 31st. We've had a lot of 4%, 3.6%, and one 3.125% we're waiting to hear final approval on. I wanted to ask if y'all had any suggestions on companies that can provide a great rate? We're putting down 20%, and both have great credit.

    Also wanted to ask for your thoughts on a strategy to shop rates. It seems like once once lender hears we're getting a better deal elsewhere, they can all of a sudden get us a lower rate. It's been annoying to say the least. Would a good strategy be to just lock in a bunch of rates and go with the lowest?

    Thanks in advance!

    submitted by /u/Xerbia
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