Real Estate: A Company "Mistakenly" Paid My Property Taxes |
- A Company "Mistakenly" Paid My Property Taxes
- Asking homeowners to sell their house to me
- Preparing to buy my first home
- Drive by appraisal less than offer
- Question about place to sell in Brooklyn
- [OH] Is it legally permissible to sell two properties separately that are on one lot?
- Applied to another lender with mortgage program I want.
- Colo House Rental - Who is responsible for turning on/off sprinklers?
- Tools and Research for appreciation and deprecation
- Looking to buy a building to move my office in (stop renting and have couple tenants with me paying the mortgage) Miami
- 6 days left til closing
- Are apartment rental prices projected to rise due to the economic state?
- Adding an extension to a house with asbestos siding?
- MLO test prep?
- Lowball using recent sold prices found online as references?
- Zillow Description Formatting
- I need some help need to get out of here
- Planning on buying my first rental property. Advice needed !
- [GA] Enforcing Purchase Agreement after closing.
- Should we buy now?
- How to save money from an agent... or friend?
- Wasn’t sure where to post, any advice is appreciated, thank you��
- Changing Real Estate Agent question
- The facts don’t lie.
| A Company "Mistakenly" Paid My Property Taxes Posted: 09 May 2020 06:19 AM PDT EDIT: My plan right now is to call the town on Monday, try to get them to refund this company and I'll pay the taxes myself to the town. Thanks everyone for the assistance! I bought my house late last year and paid my first property tax bill this month. When I went to pay the prior two quarters (the ones in question) were already paid for, which, as a first time homeowner, thought it was something I had paid for when we closed on the house. Cut to yesterday... This company "CoreLogic LLC" sent me an a letter that they paid two quarters of my property taxes "in error" and are looking for me to pay therm back. I believe this may be true, as stated before, when I went to pay those two periods, they were already paid. The town was closed by the time i read the letters, so I have to wait until Monday to confirm. However, I don't feel comfortable sending this random company money. It feels like a scam. I'd prefer to have the town reimburse the company, and I pay the town. If they did indeed pay my property tax, I get there are ethical issues in repayment. However, I never asked for them to do this and it all feels ridiculously shady, and underhanded. What kind of legitimate business makes a "clerical error" like that? Like I said, I'll call the town Monday to confirm they did pay it, but I was wondering if anyone had heard of something like this happening before, or if it happened to you, what did you do? [link] [comments] |
| Asking homeowners to sell their house to me Posted: 09 May 2020 04:23 AM PDT Are hand written letters the best approach for unsolicited offers (AL)? What about homes that are owned by Estates/Trusts? Any other ideas? [link] [comments] |
| Preparing to buy my first home Posted: 09 May 2020 05:54 AM PDT My spending price will be approx. $180,000, 1100 ft². I am not well informed about all of this yet and haven't made any contact or commitment. On top of Mortgage, how much is a house to have per month? Between taxes and insurance etc [link] [comments] |
| Drive by appraisal less than offer Posted: 09 May 2020 06:24 AM PDT First time home buyer. It looks like the appraisal for the home I'm buying was a drive by. They appraised the home for 290k, and my offer was 300k with them covering closing costs. I'm struggling to understand what this really means for my offer and closing. Could someone please explain the possible ramifications of this? Do I have to lower my offer (and possibly pay closing?) What should my next steps be? [link] [comments] |
| Question about place to sell in Brooklyn Posted: 09 May 2020 04:51 AM PDT So I am about to close on a new apt in Brooklyn and will at some point be selling the one bedroom I currently own. It's a nice place. Small coop in a very desirable neighborhood. I'll likely move into new place on August 1. So I can either try to sell the current apt, or I have a friend that could rent it, essentially at cost. Given everything happening with renters in NYC, I think I would worry about renting to a stranger and being a landlord proper. But given that everything is on pause, I am leaning toward renting for a year, essentially holding the place and bringing to market next year, or even year after. interested in what folks here think. Try to sell in August or rent for a year? There is no inventory on market now and prices are holding, but then again nothing is selling either? Really the question is, and none of us can answer this, will the market be worse a year from now or better? [link] [comments] |
| [OH] Is it legally permissible to sell two properties separately that are on one lot? Posted: 09 May 2020 09:56 AM PDT There is the main house and then there is another one behind it that is approximately 20 steps to the front door. It is more like a guest house, than it is 1/3 to 1/2 the size of the main house. It just doesn't seem very realistic for them being sold separately as they are extremely close. I've stayed in rental properties that were separated like this, like in Hawaii. But in those houses, they were both roughly the same side, and the owner had sold the front house (facing the street) to his friend, rather than a whole different person. I'm very new to this, but was curious on people's thoughts. [link] [comments] |
| Applied to another lender with mortgage program I want. Posted: 09 May 2020 08:35 AM PDT I've been pre-approved by two different lenders, one since March and the other one since April. I wasn't really happy with the first one, as the lender told me they could process the FTH program that I wanted. Cut to a few weeks later, and now he's peddling an FHA or conventional loan. Also took him a week to extend my pre-approval letter past 30 days. Went and applied to my personal bank, and got approved for their FTH program( Pre-Approval for 90 days) Really wasn't what I wanted, but I am actively looking at homes, and since they sell quickly, I wanted to have a letter on hand. Plus they are slow to respond to questions. So cut to last week, I contacted another lender that is on the list of approved lenders for this FTH program I want, I've been emailing questions to him all week, and he has been responding promptly, and states he can process the loan. I applied online yesterday, and received a "Look forward to working with you" email late last night. and "contact me to get pre-approved". Since it's now Saturday and his mobile number is on the letter, can I call him today to do the pre-approval? Or should I be respectful of his weekend and call Monday morning? TLDR: Can I call new lender on a Saturday, as he furnished his mobile phone on a company e-mail. [link] [comments] |
| Colo House Rental - Who is responsible for turning on/off sprinklers? Posted: 09 May 2020 09:59 AM PDT Renting a house in Colorado and the water taps and sprinklers are off (appropriately for the winter). We need both turned back on. We know we're responsible for upkeep of the yard, but we never considered the sprinkler system. When I contacted the owner, they said we should call their guy and that his rates are cheaper than most. The letter clearly suggested that we would be responsible for paying to have them turned on. We can turn on the water taps ourselves and could probably do the sprinklers too, but I would feel more comfortable having a pro do it (at least once). Ultimately, my question is, who is responsible for paying for this? This isn't huge dollars, but it's the principle. And while the spring turn on is one thing, I wouldn't want to tackle the fall turnoff until I fully understood what was involved. The lease does not answer this question and it never arose prior. The lease simply says, "Tenant will be responsible for: keeping the Premises clean and neat, maintaining the front and back yard." Note that it's not huge dollars and we used to own our own home, so I will do what's necessary here and not try to skimp, but I'm wondering if there is a legal precedent for this questions if it's not in the lease. [link] [comments] |
| Tools and Research for appreciation and deprecation Posted: 09 May 2020 06:12 AM PDT Want to know what CRM everyone is using? Also what best tools do you guys use to statistically map out appreciation and deprecation of a certain region over the lifetime of the market? [link] [comments] |
| Posted: 09 May 2020 09:49 AM PDT So the EIDL and PPP actually worked for my small business leaving me with a large amount of cash. Im only a broker to help with E2 visa for immigrant investors for my law firm (dont do much traditional RE work). I know it sad that looking when bad for people, but i was considering scouting preforclosures to make offers on the notes. The goal is to get space for 4-8 units. Take one, rent the other to small business that also made it through. Looking for thoughts on this from real estate peeps? [link] [comments] |
| Posted: 08 May 2020 11:53 PM PDT Super anxious this our first home we bought & are selling. I cant sleep at night for some reason i cant help but to think of what ifs.. if everything has gone smooth so far, are we in the clear? Or do things fall apart still. I would hate to search for the perfect house and lock in a offer for you know the worse to happen with our sale. Thanks for any input especially anything comforting haha [link] [comments] |
| Are apartment rental prices projected to rise due to the economic state? Posted: 09 May 2020 09:37 AM PDT I'm almost up for a lease renewal. I have options for a month-to-month, 6m, 10m, and 12m renewal. They're all the same price. I would like to stay here for the long run, but on a financial standpoint, which would be the best option for renewal based off the market projections? [link] [comments] |
| Adding an extension to a house with asbestos siding? Posted: 09 May 2020 09:32 AM PDT I have an offer on a house that's been accepted subject to inspection. The house will be inspected on Tuesday if there's any major problems beyond what we already know we are probably backing out either way but here's a concern I just thought of... So the house siding looks to be asbestos shingles...my concern is with the purchase of this house the master was smaller than we liked and we thought about adding to the house to just expand the master bedroom, but now I'm wondering how much the cost of this would be with removing what is possibly asbestos shingles around the area we plan to expand Anyone who can give me any advice on this who's done similar type of work before with possible costs? If it's not worth it we might end up just looking past this house instead of adding on more costs than we originally thought. [link] [comments] |
| Posted: 09 May 2020 09:11 AM PDT I've done the 20 hour pre-education and I've taken the test once (made a 63 with no prep besides the pre-education). Honestly, I wasn't sure where to start or what to study, so I just didn't. I feel like I have a better idea what to expect now and will be able to study. Anyway, anyone have any advice or anything for test prep? I'm not sure that I am at the point where I want to spend money on test prep (I wouldn't mind buying a $30 book or something if it's good, but I'm not ready to drop $200-300 on a test prep program). This will be part tome for me, so I'm not completely stressing about it at this point. But I would like to go ahead and get my license. Any advice? Thanks! [link] [comments] |
| Lowball using recent sold prices found online as references? Posted: 09 May 2020 03:10 AM PDT Considering buying a new construction. But recent (within 3 months) sold prices found online (Redfin and Zillow) show that the actual sold prices are 30k to 100k lower than the listed prices prior to the sells across different floor plans. So does it fit the code to lowball using those as a reference? The builder ranks as one of the national top 3. The selling agents seemed professional. But they haven't been replying emails promptly after my home tour. Feels like my lowball price inquiry (not a formal offer) is silently rejected. [link] [comments] |
| Posted: 09 May 2020 09:00 AM PDT It seems Zillow strips out all HTML and formatting and always, no matter what leaves you with a blob of a paragraph.
Any tips on creating a more visually pleasing, mildly formatted, description? [link] [comments] |
| I need some help need to get out of here Posted: 09 May 2020 08:56 AM PDT I can only see this property giving me problems in the future how would It be possible to sell a house not fully paid off and buy a new house and how much money would i get back? What would be the easiest process to basically swap homes while not losing a lot of money [link] [comments] |
| Planning on buying my first rental property. Advice needed ! Posted: 09 May 2020 08:51 AM PDT I'm a 21 y.o living in Switzerland and I already have a primary home that I bought (40% down payment) . I now am planning to buy a rental property (250k-300k max) and I'm not sure what my best options are. I am planning to buy a small apartment that is already rented by someone so the buying price is lower and I could sell it at a higher price later on when the renting contract will expire. How high should my down payment be The higher the down payment, the smaller the mortgage , but I'm afraid my taxes at the end of the year will be higher this way ? What's best ? I need some advice as I'm very young and I don't have much experience. I'm just lucky I have a job that pays me very well for my age. [link] [comments] |
| [GA] Enforcing Purchase Agreement after closing. Posted: 09 May 2020 08:30 AM PDT The summary: I purchased a house in Georgia last September that was not up to code, but the seller and I added an amendment to the purchase agreement stating, "For a period of one year from closing, Sellers will make needed repairs required due to renovations to the house which do not meet County code for work performed." We agreed to do this because the house had back taxes on it and was going to a tax sale so the seller needed to close quickly. I had the county inspect the house after closing, and they found many issues. I had contractors estimate the cost to repair these issues, and the estimates ranged from $4,632 to $5,757. The seller and I are now communicating through my real estate agent. I asked the seller for the higher amount to cover any overages I might incur. He countered by offering me half of that, which will only cover part of the electrical repairs and none of the plumbing, HVAC or structural repairs. Do I have any legal options to fully enforce the amendment to the purchase agreement and have this resolved? Do either of the agents/brokers, title attorney, or any of the professional parties involved in this deal hold any responsibility? These are the details: The house I purchased had recently been renovated. That builder took out a private loan for the purchase and renovation from a local real estate agent and developer for the work. The builder was unable to sell the property and ended up getting foreclosed upon by the lender. I then purchased the property from the lender, who was also the real estate agent selling the property. A few days before closing I found out through my own research that none of the building permits for the work had been closed out, and a certificate of occupancy had not been issued. I discussed this with my real estate agent, and she talked to someone with the County who said that a certificate of occupancy was not required. I still did not feel comfortable with this, and the seller offered to add an amendment to the purchase agreement stating "For a period of one year from closing, Sellers will make needed repairs required due to renovations to the house which do not meet County code for work performed." This made me feel comfortable with moving ahead with closing, based on the verbal council that it was legal to occupy and on the amendment stating that it would be remedied after closing. I contacted the County last October after living in the house for a month and had code inspectors come out to finish the inspections. They told me that my real estate agent was incorrect; it was illegal to occupy the home without a certificate of occupancy. They found many issues with the electrical work, a few with the plumbing, one with the HVAC, and one with the structure. I tried to work with them to find a solution, but they were just as confused as I was about how to proceed since they said they weren't going to require me to move out of my home. After consulting with a family friend who is in construction, and my real estate agent/her broker, I had the code inspectors come back out and fail the inspections. Then I obtained two estimates for the work that would be required to bring the renovations up to code. The low end of the estimates came to $4,632 and the high end was $5,757. I sent the failed code inspections and the estimates to the sellers asking that they bring the work up to code per our contract. The sellers responded through my real estate agent that they are too busy to have their people come out. They asked if there was a financial solution that we could come to for me to get the work done. I told them that since work often goes over the estimated cost, I would like the payment of the higher estimates because they would not be billed directly for the actual cost of the work. Today I received a response that they are willing to give me half of what I asked for, which does not even cover the lower estimate for electrical work that is required. I find this completely unacceptable. The code inspectors and my family friend all seem to think that the seller's agent, title attorney, mortgage company and any of the professional parties in this deal should have not allowed the deal to close. [link] [comments] |
| Posted: 09 May 2020 08:22 AM PDT Hello, I am getting my last salary this month and then quitting my job. I'll be looking for jobs. My spouse makes 46k. There is also around 3k extra income annually that I have from side gigs. We have 100k in savings. We do not pay rent right now but we have to move out to find a new place in a few months where we will be paying rent. Do you think we should buy as soon as possible since the mortgage interest rates might go up, or should we just rent for like 6 months while we browse the houses and wait for Covid-19 to go away? I sort have been looking at houses so I have an idea about the market, where we want to buy, what we can afford etc. I sort of incline not to pay unnecessary rent but I am OK with it to have some more time to browse around for a house as long as the mortgage interest rates won't go up. Is it smarter to buy after the pandemic or is it just better to buy now because sellers, in theory, have trouble at finding buyers? I am talking about the Baltimore area if you have specific ideas about it. Thank you! [link] [comments] |
| How to save money from an agent... or friend? Posted: 09 May 2020 08:00 AM PDT A friend of ours is an agent and offered to only take 1.5% from the sale side assuming we buy with her. Well the house we are selling is less than half of what we are buying. Is there a way to ask her to give us some of her 3% from the commission on the more expensive house we are buying? Or what would you suggest? What's fair? [link] [comments] |
| Wasn’t sure where to post, any advice is appreciated, thank you�� Posted: 09 May 2020 07:47 AM PDT Hello everyone, I wasn't sure where to post this question because the subs for such are limited. In summary, I have a missing cat (2 days now) and there is a vacant property just behind my home and one over, I've heard people around here telling me that a lot of cats go in there and make it home. I was wondering what you guys would know about me entering this property to search for my cat? Now I understand it's trespassing but I have a justifiable reason to temporarily search these grounds for my animal. Should I contact the city and ask for permission? it's a vacant home that's been vacant for probably 15 years and it's never been listed. [link] [comments] |
| Changing Real Estate Agent question Posted: 09 May 2020 07:27 AM PDT Hi Reddit. As a first time homebuyer, I have a question on changing real estate agents. Basically, my wife and I had went through a pretty thorough home shopping process a few years back and found a targeted neighborhood and complex that we would like to buy in. We decided to wait a few years to save up a bit more money. Recently, a unit went up onto the market for sale and my wife saw it on Zillow. She was pretty excited and wanted to see the unit, so clicked on the "Ask the Agent" button to get connected to a local agent. We ended up seeing the property a few days later with said agent. We really loved the house and may be considering moving forward with attempting to buy. However, I would like to use a different agent that a friend recommended to me who was really great to work with. While I didnt particularly have any issues with the agent that showed us the property, she didn't really impress me either. Basically, my question is if there would be any ramifications of changing agents to buy this place at this point in the process. We didn't sign any paperwork of any sort with the agent that showed us the property. It was basically in and out of the property. I wasn't sure if there was some weird fine print in Zillow that essentially tied you to the agent that they provided. Or if it was just simply poor Real Estate etiquette to do so. Thanks in advance! [link] [comments] |
| Posted: 09 May 2020 06:09 AM PDT Don't buy the BS that realtors are posting on here about lines out the door for open houses with people wearing masks. Keynotes: (Article posted at the bottom) "Additionally, social distancing measures combined with stricter mortgage lending criteria potentially extend the days a property sits on the market. Consider that pending home sales dropped 20.8 percent in April from the prior month. This was the largest monthly drop since 2011." "Home prices in April started showing the impact of COVID-19. Forty-seven of the country's largest 50 metros saw prices drop. " [link] [comments] |
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