Real Estate: Can my co-op board evict me? (NY) |
- Can my co-op board evict me? (NY)
- First time selling, what usually goes in closing costs?
- Are there any benefits or disadvantages to buying close to a military installment such as Camp Pendleton in SD?
- Real Estate agent had an appointment to come to visit my house NEXT Saturday, decided to come today instead without permission while I wasn’t home.
- Should We Use Both Incomes or One for Loan and What Price Range Should We Look At?
- How is your loan eligibility determined when you want to buy a new home but keep the old one as a rental? What if you want to take a couple of months to move, so you have double payments until the rent starts coming in? (CA)
- Horizontal Crack in Drywall
- Jumbo Loan Lenders during COVID-19
- Closing time in NY...cash vs mortgage?
- Listing Agreement with Redfin (MA)
- Possible to get a low appraisal?
- First time home buyer in FL
- First time home buyer - to basement or not to basement?
- Buying a rental house with my sister (thoughts please)
- Real Estate Brokerages
- Unappealing to live near electric box?
- Rental Scam
- Bought a house. Found out it's in a Electrical Co-op?
- Newbie buying/selling question
- How hard would it be to buy a piece of land from subdivision developer to extend my own, TX?
- How do I find properties for sale that are priced low comparative to the neighborhood.
- Higher DTI ratio if mortgage bank uses Desktop Underwriter?
- Real estate agent referrals??
- Condo Loan Options
| Can my co-op board evict me? (NY) Posted: 19 Jun 2020 06:33 PM PDT Hi all, so yesterday I received a letter from a law firm regarding noise coming from my apartment. They said if i dont stop, they will take action from terminating my proprietary lease and canceling all my shares. The lady downstairs is on the board, shes been complaining for years about the noise. We dont jump or run around the apartment, we take our shoes off,we dont have kids. I covered 80% of the apartment with carpet, and thats still not enough. The property manager inspected the apartment last year. He said "its not your fault, you just have squeaky floors" He said he was gonna send a floor specialist but he never did. So i had a few contractors come to give me their opinion, and that lies with loose nails from subfloor and joists and thats the buildings responsibility. I attended a board meeting in the beginning of the year regarding the carpet inspection and told them exactly whats going on.( by the way, she didnt wanted to be present at the meeting). In March, they sent me another letter that they were gonna impose a 500 fine if noise still persists. That's when i hired a lawyer and he sent management a letter. At this point, im just being stressed out from all of this. Do they really have the power to evict me from here? I dont understand what shes hearing. This is an old building. The floors make a lot of noise and there's really no insulation to trap the noise. I know im gonna hear from my lawyer pretty soon but i just cant get this off my head. I worked so hard for this. Any advice would be greatly appreciated Thanks. [link] [comments] |
| First time selling, what usually goes in closing costs? Posted: 20 Jun 2020 09:05 AM PDT I received a breakdown on buyer netsheet from my agent here. Looks like the closing costs alone is about 3%. What typically goes into these closing costs? [link] [comments] |
| Posted: 20 Jun 2020 07:20 AM PDT In instances of geopolitical risk or wartime, I feel like being close to the military is probably better? I think the US military would have the whole area on lockdown, air defense etc. Or would that be bad? Since military areas would probably be the targets? What about other financial or investment related risks/benefits? [link] [comments] |
| Posted: 20 Jun 2020 10:23 AM PDT So I live with my parents who are renting this house and we will be leaving next month but the agency decided to put it on the market now so people can come and see it. There was someone who wanted to see the house and set up an appointment next Saturday but I come home today and find a real estate card on the coffee table. My parents call and it turn out that they came today instead. I have no idea if there is anything I can do and it especially angers me because here in Texas Coronavirus cases are rapidly increasing so I didn't want anyone to come see the house in the first place and this guy most likely walked in with his shoes on. Both my parents are older and we were out this morning at the Doctors as my mother wasn't feeling well. Does anyone have any advice on this situation and if there is anything we can do about it? [link] [comments] |
| Should We Use Both Incomes or One for Loan and What Price Range Should We Look At? Posted: 20 Jun 2020 04:03 AM PDT FL Title Agent here liking to buy first home with my SO. We'd like to buy in Conway, SODO, Belle Isle, or perhaps Longwood. (Orlando area). Target close date November, 2020. Me: $60,000 income, FICO 670, $8000 debt including car and credit cards. Him: $80,000 income, FICO 740, $25000 debt credit card only. We anticipate having 10000 down and gift funds from his folks of 10,000. We want a single family residential (no condos) 3/2 or larger. Looking for insight on how much home we could afford reasonably. I'm not interested in foreclosure, Mild fixer upper ok, but near turnkey is our preference. What price range could we qualify for? I'm thinking mid 300s. I'd appreciate any insight. Thanks!! [link] [comments] |
| Posted: 20 Jun 2020 08:48 AM PDT We've lived in our current home for 20 years and will want to put in new carpet and paint it before renting it out. It would be easier to do this with the place empty. Husband is disabled so we need time. Appreciate your input. [link] [comments] |
| Posted: 20 Jun 2020 08:30 AM PDT FTHB here! My wife and I have made offers on a few homes, but haven't quite found the one yet. There's a townhome that's "coming soon" that we haven't been able to tour yet, but that we plan to visit ASAP when it hits the market. Due to our competitive market, we want to be ready to make an offer immediately if we're interested. That said, we've noticed in the pictures that there's some horizontal/jagged cracking in the drywall above an interior door. We also see what may be some separation near the flooring, and (behind this wall) there is some minor separation of the kitchen cabinet from the wall. Door/Crack photo: https://imgur.com/rzMFKho If we make an offer and it's accepted, we're planning to hire an engineer to confirm that there isn't any problematic structural implication during the inspection contingency. However, I'm curious what anyone with more experience thinks. I don't expect you to tell me for certain if this is an issue - but how concerned would you be? Would you view this as a small issue, or something that could be a bigger concern? For context, the townhome was built in 1972, so we expect the townhome to have some character. I do see pictures on redfin from the last time it sold (~5 years ago), and, as far as I can tell, this issues didn't exist. I think this means that the changes are more recent. Thanks for your help! [link] [comments] |
| Jumbo Loan Lenders during COVID-19 Posted: 19 Jun 2020 10:42 PM PDT I know during Coronavirus a bunch of lenders have pulled jumbo loan options so it's definitely tightening the market. Even the big builder I'm working with won't do jumbo loans on their own homes. I'm looking to buy my next home approx $860,000 (new construction) and looking for a recommended jumbo loan lender. Going to put 20% down + closing costs Who do you recommend for a jumbo loan? [link] [comments] |
| Closing time in NY...cash vs mortgage? Posted: 20 Jun 2020 10:26 AM PDT Hi All, i submitted an offer for a home in dutchess county NY. Not accepted yet. They are still showing the home. Laws are slightly different in NY and closings usually take about 70 days. If i were to pay for a home in cash how much sooner do you think we could close? If i end up in a bidding war i want to know if offering cash will help me in any way. Thank you [link] [comments] |
| Listing Agreement with Redfin (MA) Posted: 20 Jun 2020 10:13 AM PDT I just had a question regarding cancelling a listing agreement with RedFin. I signed one and called my agent told him I wished to have it terminated. Agent confirmed on phone. I asked for the cancellation paperwork and was told "none was needed. I'll take care of it on my end". Sent an email to follow up, and confirm termination of agreement. Agent emailed me immediately and told me "confirmed- good luck". The listing is gone from the owner dashboard. Is there anything else I need to do? Should I follow up with Redfin themselves to request cancellation paperwork? For reference the agreement was terminated prelist. Agent never saw my home, met us in person or had photographs taken. Thanks in advance! [link] [comments] |
| Possible to get a low appraisal? Posted: 20 Jun 2020 09:49 AM PDT Dumb question. My parents are planning to sell their house to a relative. He is willing to let them stay there a few years free while they get situated and find another home. For now they need home care and need the cash for that. Apparently they will lose their Medicaid by selling under market value. There's a possibility they will end up in a nursing home so they'd rather that not happen. They want to get a smaller cheaper home as the mortgage is too much. The lower the appraisal comes in, the Longer he will let them stay. Is there a way to actually lower an appraisal? I know most people think of it the opposite way, but idk it was just a thought. [link] [comments] |
| Posted: 20 Jun 2020 09:05 AM PDT Hi there, So my wife and I are working on bringing our debt down by throwing whatever excess we have in our budget on it, we've also trimmed out what we can to help this process move quicker. We have some put aside as an emergency fund, but certainly don't have 5 or 20% for a down payment. We'd like to buy, and sooner rather than later is preferred...but the question I have is should we take the extra we're putting on our debt and put it towards a down payment? I know Florida has first time home buyer programs and incentives, I'm just new to this process. Thanks! [link] [comments] |
| First time home buyer - to basement or not to basement? Posted: 20 Jun 2020 08:46 AM PDT Hi all, I'm in a bit of a pickle here. My girlfriend and I have been looking at ranch style homes for a while (Colorado area). From what I've seen, (especially in older homes) the norm is that most houses have a basement. Now, a basement would be really nice for storage and entertainment, but not absolutely necessary. Here's the predicament: I'm in a wheelchair and require an open floor plan, with wide enough doors for me to fit through. There is a lot of new construction in our price range ($425-475k) that has exactly that, marble countertops, new appliances, hardwood floors, fancy stuff - but no basement. These homes are usually in the 1800-1900sq ft ballpark. We've looked at some older stuff (2005-2010 construction), which usually come in around 1400-1500 sqft on the main level, BUT they do have a basement. All the houses we look at though, I can never fit in any of the bathrooms and the rooms are so tiny on the main level. We found the perfect house yesterday, with a really nice finished basement, but the master bedroom was just so tiny, I could barely move around the kitchen, and I couldn't fit in the master closet or the separate toilet room in the master bath. We've considered blowing out walls in places like these - but it all ends up looking like a headache... From an investment perspective, are these new construction homes (without basements) going to appreciate at the same rate of a house with a basement? I like the convenience of having 1800-1900 sqft on the top level, but don't know if it's going to be a hard sell down the line. I want to fit in all my rooms and have the convenience of an open floor plan for a half a million dollar purchase, but I want to make sure my ROI doesn't suck ass 7-10 years down the line if we decide to move. TL;DR: new construction homes have an open floorplan and plenty of squarefootage and we dig it, but no basement :( older homes have a basement (sometimes even finished), but much less convenient/comfortable for a wheelchair bound person. Does a basement matter from a resale perspective if it seems to have been the norm in Colorado? [link] [comments] |
| Buying a rental house with my sister (thoughts please) Posted: 20 Jun 2020 08:31 AM PDT My sister and I have talked about investing together and we are both on the same page regarding how much we willing to invest and that we are going to split everything 50/50 with mortgage/closing costs/down payment. What other considerations should I be aware of regarding an investment with a loved one? I have a house already and I am pretty familiar with the process of purchasing one, it sounds like the big differences are that title will change to account for the 50/50 split and that she will also need to get prequalified. Also she lives in California and I live in Texas, we would get the rental in Texas. Am I correct about the title and getting prequalified? What complications regarding the purchasing process do you see with us living in different states? Thanks for reading! [link] [comments] |
| Posted: 20 Jun 2020 08:04 AM PDT Hello, I'm not sure if I've used the correct flare for this question but I suppose it is.. I was wondering about the revenue of the biggest Brokerage Firms? What is their monthly/annual income and so on? Century 21, RE/MAX, Keller Williams. [link] [comments] |
| Unappealing to live near electric box? Posted: 20 Jun 2020 03:31 AM PDT Hi guys, I'm looking at building on a piece of land that has an electric box in the back. I know the effects of this are minimal (or is it not? Happy to be corrected) but will it affect the resale value of my house? Thoughts? [link] [comments] |
| Posted: 20 Jun 2020 06:45 AM PDT Apologies if this isn't the most appropriate sub. Gf and I are looking for a new apartment, thanks to Covid there are very few available in our price range so we try to jump on any that come available that look even slightly promising. We found one on Facebook marketplace that looked really nice but was only up for about 6 hours before it was taken. The landlord responded to me to say that it was taken, and stated that he had another unit opening in July (this was in may) and offered to share more info. Fast forwarding to today, he has sent us pictures and a video tour supposedly taken by the current tenant. We've applied through Zillow and received the lease but not signed. He messaged us to respond with any questions and that we should meet at the property to sign. I tried to arrange this by contacting him directly but it's been almost a week and no response. Am I just being impatient? We've already seen one scam but not fallen for it so I'm suspicious of everyone. [link] [comments] |
| Bought a house. Found out it's in a Electrical Co-op? Posted: 20 Jun 2020 06:33 AM PDT What's an Electrical Co-op? I bought a house and I realized I can't shop around for electrical providers but can only use a single provider. This seems unfair and monopolistic due to a lack of competition. [link] [comments] |
| Newbie buying/selling question Posted: 20 Jun 2020 06:31 AM PDT I am a first time home buyer. I have a down payment saved (20%). When it comes time to sell and buy another home, do I need 20% saved for the next purchase or does the bank let you roll the equity of home #1 into the new home contingent upon its sale? Also- how much home to buy on 105k income? Hope this makes sense! Thank you! [link] [comments] |
| How hard would it be to buy a piece of land from subdivision developer to extend my own, TX? Posted: 20 Jun 2020 02:15 AM PDT Same home builder that sold me my house just started phase 3 of the subdivision behind me and adding new houses. There's now a fence and I feel like my backyard is too small. It's long but not deep enough. It's about 73 × 23ft. Directly behind my house they are construction a 2 story house with a total plat size that fits all of mines and my next door neighbor house. The backyard to this new construction is more squared compared to my rectangle but it's about 2 and 1/2 times the total size of mines. Developer has yet to sell this house. How hard would it be to request developer to sell me a portion of this plat to extend my own (if at all possible). Some 73×3 would suffice. It would still leave the 2 story with a significant portion and since they haven't sold it yet would this make things easier? [link] [comments] |
| How do I find properties for sale that are priced low comparative to the neighborhood. Posted: 20 Jun 2020 05:46 AM PDT Looking for tools/techniques that help assist in finding cheaper relative property value that needs work/fixing up. Is there a tool that provides the neighborhood average house value of an address? I can't really find anything good with a google search Thanks! [link] [comments] |
| Higher DTI ratio if mortgage bank uses Desktop Underwriter? Posted: 20 Jun 2020 04:40 AM PDT I was looking at the Fannie Mae mortgage underwriting guidelines. It looks like if the mortgage bank uses the Desktop Underwriting app, customer could benefit from the higher DTI of 50%, instead of the 45% max. I wonder why would they have different rules between manual underwriting and the Desktop Underwriting. The affordability of the customer has not changed. The only thing changed is how the bank files the applications. It seems that they are implying the customer's affordability is related to how the bank files the application. This sounds strange to me. Does anyone know the reason behind it? [link] [comments] |
| Posted: 20 Jun 2020 12:27 AM PDT Anyone know any good real estate agents in the Southern California area? We got preapproved on a loan but don't have an agent and don't know where to start. Our loan officer offered to refer us to someone she knew but it's been three weeks now and she hasn't gotten back to us. So we're trying to find someone reliable and trustworthy. We're also first time buyers and don't really know what we're doing haha but we have what the bank asked for. [link] [comments] |
| Posted: 20 Jun 2020 03:24 AM PDT My wife and I are looking at newly built detached condos in an area considered rural by USDA, together we make 100k which is roughly double the median income for the area. Are there any options aside from FHA that allow for a lower down payment on condos? These are not FHA approved condos and We really can't afford to put 40k down... [link] [comments] |
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