Real Estate: House with '2 car garage' appears to only fit 1 car? |
- House with '2 car garage' appears to only fit 1 car?
- How soon to start the home buying process
- Real Estate Agents
- What happens with too many liens on foreclosures?
- Is it possible to get a construction loan right after closing?
- Buying a flip, but I'm feeling good about it?
- [Fort Lauderdale, FL] Looking for a realtor.
- NYC appraisal came too low
- money in trust dispute
- Lender feels “off”, advice?
- New offer from my recent post about the solar panel fiasco
- Question for Agents from First-Time Home Seller
- Buyer hasn't sent repair requests
- How long do I need to be back to work to qualify for a home loan / refinance?
- Is it a bad sign that noise from neighbor's kids were mentioned in disclosure?
- First-time Homebuyer Spreadsheets
- What is the general sentiment regarding home prices in the near future?
- How to broach soil/land quality when buying just a simple single family home?
- Scammed $40,000 lost
- Advice for first time buyer - North Dallas TX
- Is it okay to submit documents to appraisers?
- Light / Easy online tool to manage our portfolio?
- Conditional Approval Help??
- Water pressure?
- Home Description Feedback
| House with '2 car garage' appears to only fit 1 car? Posted: 12 Jun 2020 05:21 AM PDT My husband and I are looking at this house: https://www.realtor.com/realestateandhomes-detail/154-Baird-Ave_Wadsworth_OH_44281_M49125-13518 The MLS listing claims the house has a '2 car garage with a single bay door'. If you look at the pictures though, there seems to be no way 2 cars could actually fit. Is this strictly an advertising thing? Is a '2 car garage' based on size and not actually how many cars fit? [link] [comments] |
| How soon to start the home buying process Posted: 12 Jun 2020 08:54 AM PDT I am currently renting and my lease will be up late January of next year. In an ideal world, I would have the keys to my new house and be ready to move in mid January to allow for a smooth transition from our apartment to our new home. The market seems hot right now, inventory is low and good homes are selling quickly after getting listed. Based on this timeline, when should I start with finding a real estate agent, getting pre approval for a mortgage, etc.. Would love to hear your thoughts :) Thanks! [link] [comments] |
| Posted: 12 Jun 2020 10:36 AM PDT Hello R.E followers of this subreddit, I've had an idea for awhile but would like some feedback on how it could work in reality.. Imagine a marketplace in an app/website where you can hire a 'freelance' Realtor to manage your home-sale? Would appreciate any feedback on this! [link] [comments] |
| What happens with too many liens on foreclosures? Posted: 12 Jun 2020 10:34 AM PDT I'm sure the answers here are highly dependent on state (Maine, in my case), but in general, if a property has a lot of liens against it (primary mortgage, secondary mortgage, home-equity lien, tax liens, etc...) that far surpass the value of the home, what eventually happens with the liens that can't be covered by sale at auction? I've read that (in Maine at least) the lien is attached to the property for 20 years, and doesn't clear after a foreclosure, so it would become to responsibility of the buyer. So would would be willing to pay triple the home value at an auction just to cover those outstanding liens? Does the property just sit abandoned for 20 years because none of the unsatisfied parties are willing to take that loss? Just curious how the situation resolves in cases where the outstanding debt FAR exceeds the potential home value. Thanks! [link] [comments] |
| Is it possible to get a construction loan right after closing? Posted: 11 Jun 2020 04:25 PM PDT We're looking at a house with no garage. We'd like to build one immediately after we close, but we don't want to use the rest of our free cash. Is it possible to finance a construction loan for a detached garage right after closing on our first home? [link] [comments] |
| Buying a flip, but I'm feeling good about it? Posted: 12 Jun 2020 09:08 AM PDT First time home buyer here. I have been looking for a move-in ready house that has updates and won't need TOO much work for the years I'll be in it. Found a beautiful home that checks all the boxes and is a flipped home. However, most if it is cosmetic and appears to be done very professionally. See this picture to see all that was renovated: http://imgur.com/a/WvVlrzQ Anyone have thoughts on what I should inspect or ask or take note of? My realtor says it appears to all be done correctly and is very happy with how it looked IRL. Most threads I've seen on reddit have been horror stories and advice against buying a flip but I'm trying to see if there's any positive outlook out there. Thanks!! [link] [comments] |
| [Fort Lauderdale, FL] Looking for a realtor. Posted: 12 Jun 2020 11:14 AM PDT I'm looking for a realtor to list my property that is located in the Inverrary section of Lauderhill. The property is a 2 bedroom/2 bathroom condo in a gated community. I'm looking for a realtor that is willing to do a month by month contract or is willing to list the unit without any early termination fee. I've had the property on the market (on and off) since 2015. My most recent realtor found a buyer who offered full price but the deal fell through because they buyers were not willing to wait 30 days for the association to clear them. I want a realtor who is not only able to list the property, but will bring their own clients to view the property. In the past, I've had realtors represent me where the only time I ever saw them was when they gave their pitch. If you don't have your own clients that are willing to see the property, then I'm not interested. Feel free to PM me if interested. [link] [comments] |
| Posted: 12 Jun 2020 07:23 AM PDT This is a question about NYC appraisals. Mine came in too low partly because the appraiser couldn't find recent comps. Problem is she only looked on MLS. I found sales on the NYC property records site. My guess is that some people listed their home for sale with a local agent here and I've read in many cases they don't put them on MLS to keep the sale in-house. Has anyone seen anything like this here? Kind of surprised me cause I've seen stuff for sale at high prices in my building and the appraisal came in way below those [link] [comments] |
| Posted: 12 Jun 2020 11:02 AM PDT hello, I have 10k in trust from a sale, due to roof repairs. The time has come to do the repairs - i have all proper documentation, notes of special assessment and a break down for the seller to understand whats being done. Except he doesn't believe that we are doing the work. We are basically at an impasse and he just keeps stalling. I have asked the notary countless amounts of time what can we do but nothing. Should i contact the seller, or get a lawyer? Lawyer sounds expensive so i was wondering if there was a way around this. thx [link] [comments] |
| Posted: 12 Jun 2020 10:56 AM PDT My spouse and I are looking to purchase a home. Originally our purchase was going to be conditional on the closing of our home. However, we found a short sell that is a bigger home for less money. Home details aside, we were already pre approved for a loan based on closing on our home. In order to buy this home, however, a relative has offered to give us the down payment and pay our mortgage on our current home until it sells. We know this has some difficulties, but our lender sounds like she's mad at us about it. She wants us to prove that our relative has had the money in savings, where the money came from, and that is cleared the relatives bank and ours (that part makes sense). This requires my relative to give us their bank statements, which is awkward. The acts aside, my lenders attitude is that we're annoying her, talks as if we're lying about the money, and is slow to call us back (24-48 hrs minimum) and just generally acts as if we're bothering her. With the market the way it is homes are literally going under contract within hours of hitting the market. It feels like this lender is going to cost us the house. Has anyone else dealt with a down payment gift? Is this typical? [link] [comments] |
| New offer from my recent post about the solar panel fiasco Posted: 12 Jun 2020 10:55 AM PDT Link to the original post here: https://www.reddit.com/r/RealEstate/comments/h0mell/seller_told_me_solar_panels_were_fully_paid/?utm_source=share&utm_medium=ios_app&utm_name=iossmf We are now proposing that we receive closing costs (9k) paid for by seller, as well as reducing the property sale price by 16k. These panels are worth 38k today, but in 4 years the value drops to 23k so I would be even then. Is this fair in your opinion? I don't know if they'll go for it, but we really would not like to lose the house over this so we are willing to compromise and be reasonable. Thanks again! [link] [comments] |
| Question for Agents from First-Time Home Seller Posted: 12 Jun 2020 10:44 AM PDT So this is really two questions, but in my situation, they feel very linked. The first question is in regards to COVID: what are you seeing happening in the market right now, especially with homes that you are currently trying to sell or have been trying to sell during this pandemic? The second part is more general: At what point is an agent no longer working in my best interest? I ask the first question mainly because I put my house on the market back in March and as expected saw pretty much no activity in April/beginning of May. That being said, my brother-in-law who is an agent hasn't seen a slow down with his business at all. He's busier than ever! I don't know what to make of it. Sure, my house is located in a small town within commuting distance of Austin, and he's located in the Denver metropolitan area, but that is such a difference of activity that I'm not sure what's going on. The second question is being asked because along with COVID causing a lot of uncertainty and confusion with selling my house, my family (consisting of real estate agents and journalists who write about real estate) keeps hounding me that my agent isn't doing a good job of representing me. I will admit that I was a little disappointed with his lack of action during the shelter-in-place orders, but part of the reason why he didn't do much is because his broker pretty much banned every selling/marketing activity. She wouldn't even allow a digital open house for fear that it would speak poorly of the brokerage. He's been really trying to garner activity the past month, and it has finally resulted in an offer, but it's such a low-ball offer that I'm not sure how to respond. It does kind of feel like I don't really have him in my corner right now, but I have no idea what more he can do. tl;dr version: I'm feeling kind of like I'm choosing which foot to shoot in regards to this low-ball offer due to the lack of activity and COVID, and my family is only making the matter worse by inputting a whole lot of opinions and blaming without providing any solutions or tips. [link] [comments] |
| Buyer hasn't sent repair requests Posted: 12 Jun 2020 10:41 AM PDT We finally have a contract on our house after three months on the market. It is an investor who wants to lease the house. We also have a contract on a new house and both should close the same day. Our buyer had the inspection done on Monday but we have yet to get any repairs requested. His option period is up on Sunday. We did hear during the inspection that the roof had extensive damage so we are in the process of having that replaced (double checked with our own roofer and claim submitted to insurance). Is there a normal reason we haven't heard anything or is it more likely that he will cancel the contract since it is taking so long? [link] [comments] |
| How long do I need to be back to work to qualify for a home loan / refinance? Posted: 12 Jun 2020 10:40 AM PDT I'm self employed but have been on unemployment due to covid19. My previous tax years are solid. How many months do I need to be back to work to qualify for a conventional home loan? And would it be any different for a refinance? [link] [comments] |
| Is it a bad sign that noise from neighbor's kids were mentioned in disclosure? Posted: 12 Jun 2020 10:21 AM PDT TLDR: Below-market list price and noise disclosures have me second-guessing our dream house My partner and I are looking to buy our first place in the Bay Area. We found a house that is literally the most well-designed house we have ever seen. It was designed and built permitted by an architect couple who lived in the house. This is to say, it isn't your run-of-the-mill flip. Typical with Bay Area, the list price of the house is substantially less than the market rate and also less than tax assessment (which, actually reflects the current state of the house- a rare sight indeed!). I have a gut feeling about the neighbors and I want to get a second opinion. I noticed something was wrong in looking at the sale history. Since 2014, no owner has lasted more than 3 years. The last time it sold, about 3 years ago, it was for more than the current list price. I keep thinking, who sells in under 5 years in a beautiful house unless something isn't right? In the disclosures, it also mentions that the neighbors have kids in the yard under the noise/nuisance section. We ate lunch outside in our car after our tour and could actually hear kids and a booming male voice. We didn't hear anything during the tour. Am I being paranoid? Is it common to mention kid noises? What is your take? [link] [comments] |
| First-time Homebuyer Spreadsheets Posted: 12 Jun 2020 10:12 AM PDT Hey /r/RealEstate! Our family is in the first stages of purchasing a home. I wanted to whip together a spreadsheet that outlined cost breakdowns for each item so I can keep better track. But mine so far has been very minimal and I feel like I'm missing a lot of information. I did attempt to search the subreddit to find spreadsheets specific to first time home buyers, but maybe my keywords aren't hitting because I'm getting a lot of rent spreadsheets and other things not related to first time home buyers. If anyone is willing to share theirs or can link me to some, that'd be very helpful! [link] [comments] |
| What is the general sentiment regarding home prices in the near future? Posted: 12 Jun 2020 09:55 AM PDT First time home buyer here. I'm just trying to get a temperature of the market from the experts regarding home prices. For instance, if the general knowledge is that house prices will drop soon due to foreclosures and such, then that's good info to have. Obviously the national unemployment situation is completely fucked, so I just don't want to be the sucker who buys at the top of the market. I know it's a weird situation because inventory is currently low, generally speaking. [link] [comments] |
| How to broach soil/land quality when buying just a simple single family home? Posted: 12 Jun 2020 09:51 AM PDT So most people are focused on the house and it's structural foundation, how far it is from their neighbors... but I am actually concerned with the soil itself:
Is this a normal process? Am I going to be seen as difficult? I'm not a homesteader, but I do like to know the land I am buying is the same kind I grow up with and that I can plant food into it in the normal/natural way. Probably looking to do 10x20 ft farm patch for herbs and leafies and vine fruits. Obviously no HOA either as they change policies and what might be allowed 1 year isn't the next. [link] [comments] |
| Posted: 12 Jun 2020 09:27 AM PDT |
| Advice for first time buyer - North Dallas TX Posted: 12 Jun 2020 09:19 AM PDT Wife and I both work. We both max out our 401k and IRA. After tax, 401k and IRA, we take home around 10.5 k per month. We want to make sure we don't overbuy and also don't want to underbuy. We both work from home, want to have 2 kids, and want to get a few rental properties in the next few years. What monthly payment would be too high, and what would be just right? [link] [comments] |
| Is it okay to submit documents to appraisers? Posted: 12 Jun 2020 09:12 AM PDT I'm a buyer, under contract for buying a house. I'm awaiting the inspection process and then will be heading into the appraisal process. I'd previously asked folks for first-hand experience with buying/selling Mid-century Modern homes, which are often very unique and don't have a lot of true comps. I wanted to ask a related question from this community, not specific to MCM homes. Is it okay for the seller (or buyer) to give the appraiser any kind of documentation? Specifically, in my case, my seller (who is selling without an agent) has prepared a great brochure for her house listing out the house's many upgrades and features (some of which may not be visible upon a quick inspection -- for example -- an irrigation and well system that results in $0 water bills.) She also catalogs the real historic value of the house, based upon its origins as a design of a noted mid-century modern architect (with citations and articles.) These are things that, generally, an appraiser is not going to know right off the bat unless they've done some research. So, is it generally okay to provide the appraiser with this type of documentation or is that only done if you're appealing an appraisal? I guess I'm asking about both regulations and, more broadly, just about best practices. The seller will be on site for the appraisal. I will not. Obviously, we understand we should not get in the appraiser's way or distract them from their task. [link] [comments] |
| Light / Easy online tool to manage our portfolio? Posted: 12 Jun 2020 08:18 AM PDT We are a small agency working with quite a lot of developers so portfolio is around 70 buildings. We manage our data through Excel but this gets tedious and takes a lot of time to maintain. Any proven online tools that are fairly simple to use? Looking to maintain our portfolio/see it on a map/navigate quickly while clients on the calls between options etc. Thanks! [link] [comments] |
| Posted: 12 Jun 2020 07:38 AM PDT Link to my original post in the FTHB community below. Any advice is appreciated! https://www.reddit.com/r/FirstTimeHomeBuyer/comments/h7lt2k/conditional_approval_help/ [link] [comments] |
| Posted: 12 Jun 2020 07:20 AM PDT We are in the process of buying a home built in the 1960s. The house is located on top of a smaller hill, and we are told that the home is near the end of the water line. Per the home inspection, the water pressure is 25psi. I know that is low, but it seems livable for myself, not so sure about my significant other. I know we can install a booster pump at a later date to get the recommended psi of 35-60. What do you all think about the 25psi, is that do-able? [link] [comments] |
| Posted: 12 Jun 2020 06:19 AM PDT Hi All, Selling our older home and my wife and I worked with our realtor on this description below (a few details anonymized) - any feedback would be greatly appreciated. Our goal is to hopefully sell the home quickly as we are closing on a new home build in late August and want to have our old home sold and closed by then. We are totally moved out of the home, staying with family nearby, and are having it fixed up and staged, so we've already taken a lot of steps to help with selling the property. Mostly we just want to make sure the description catches eyes and ticks all the boxes buyers would look for, especially since this is an older home. Thanks! The perfect home for outdoor enthusiasts, this beautifully restored historic home from 1900 is just a 5-minute walk down quiet Generic Road to Nearby Lake and its many miles of natural surface trails - perfect for walks, runs, bike riding, fishing, and boating. Enjoy modern conveniences yet appreciate the historic features surrounding you with warmth and charm in this spacious 3 bedroom, 2 bath home. Features newly installed (2017) central air system which improved energy efficiency over 40%, replacing old electric baseboard and window A/C unit system. New hi-efficiency windows were added in 2012, and brand-new fencing was installed in 2019 around the entire yard, perfect for pets and kids. Spacious and sun-filled entry space perfect for use as a family room opens into a recently renovated kitchen with custom wood cabinetry, soapstone counters, large island, heated travertine floors and a massive, showstopper of a wood-burning fireplace, one of the largest in Random County Name. Antique plank floors from a circa 1790 barn and wood built-in cabinets enhance the spacious open living/dining room space that is centered by another gorgeous wood burning fireplace. All new plumbing, aluminum shake roof good for 60 years, and electric was installed in 1985. Large heated bonus room with an attic loft attached to 2 car garage is currently used as a gym but has so many options for use - office, art studio, workshop, or entertainment space. Expansive slate patio with built-in masonry fire pit for outdoor entertaining looks out over a beautifully landscaped yard perfect for relaxing and gathering with friends and family under the shade of a huge maple tree. Separate, fenced-in garden is great for growing your own fruits and vegetables. One minute drive or five minute walk to the Local Train Station to commute into City Name, easy access to highway, minutes from Random Mountain Park and local park name, and close to many shopping and dining options. [link] [comments] |
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