Real Estate: In a 32-floor building, would a unit on 20+ floor has a lower water pressure? |
- In a 32-floor building, would a unit on 20+ floor has a lower water pressure?
- Slab house as a 2nd home?
- Should I sell my property and purchase a larger home in desirable school district, or keep it and purchase smaller home?
- My experience as a first time home buyer in the Bay Area, CA
- After living through your first home, what were/will be your must-haves or dealbreakers in future homes?
- NC, USA - should I consolidate connected properties in semi rural area?
- Opinions on listing
- Out of state realtor listed my house for sale
- How is Capital gain tax calculated if my primary residence becomes my second home? Moving to a new place after 10 years, if i keep the home and sell later, will I be subject to the full capital gain from the time of purchase?
- Should I just buy whatever I can?
- Couple questions from a first time home buyer
- Closing on a house next week, just realized my drivers license expired 5/31/2020. Apparently NJ has extended all expired drivers licenses though for 60 days due to COVID. Do I have to renew it before 7/31/2020 or will it be fine?
- Can I view an office space with the building's broker but then bring in my own agent when ready to move forward?
- Get my own lawyer for closing on my house?
- Is it okay to buy a house in a subdivision thats on the low end of the price range?
- Sell or rent our house?
- Selling first house - yikes expensive!!
- [Seattle/Buying] Looking for recommendations of construction years and reputable builder/contractor built homes
- PA, USA - Trying to Purchase Home with Unemployment due to COVID
- Appraisal taking forever
- Purchasing flipped home, seller wants to make it as is
- International real estate
- Why is the market so crazy ?
- Offer Accepted! Advice? Home Inspection?
| In a 32-floor building, would a unit on 20+ floor has a lower water pressure? Posted: 21 Jul 2020 06:35 AM PDT I'm about to sign a lease for a unit on the 24th floor in Vancouver, BC. It's in a building with 32 floors in total. I can't visit the unit because of I'm currently out of the country but I need to make this decision soon, before I return to Vancouver. Would this unit has lower water pressure because it's on a higher level? The building is built in 2006. The building is called Yaletown Park 1 in Vancouver, BC, CA. Can be easily searched on Google. A link to the building: https://bccondos.net/928-homer-st
[link] [comments] |
| Posted: 21 Jul 2020 07:46 AM PDT Hi, we have our eye on a house for sale that happens to be a slab house. It would be our summer cottage and an airbnb. I have never heard of a slab house growing up in Michigan but upon researching, I see plumbing issues can be crazy with slab houses. I know the house has copper pipes and was built in 1938. I also have heard slab houses are more common in warmer climates, but this is in Michigan where it gets very cold. We've also been getting more and more rain the last few years, so I wonder about a house flush with the ground. But then again, no flooded basement! Also, this house is currently overpriced, so we would have to try to talk them down. It's not a bargain, in other words, but has a new roof and water heater, as well as mostly new electrical. Thanks for any thoughts! [link] [comments] |
| Posted: 21 Jul 2020 06:01 AM PDT Some background: Family of 4 ( 2 young children, one coming to school age). Looking to move to a very desirable school district for our kids. We currently have a mortgage on our current property (condo in a major metro area). We have a substantial amount of cash, enough to purchase a smaller house in the desirable neighborhood (3 bed, 2 bath). However we also found a larger 4 bed, 3 bath in the same neighborhood that we absolutely love and would fit our current and future needs. To purchase this property, we would have to sell our current place. We have 2 thoughts. Currently the condo would cash flow about 200-300 a month if rented. If we purchase the smaller property, we could double up the payments on the condo and own that outright within 4-5 years, increasing the cash flow to 1000-1200 a month( possibly more). That would give us 2 properties, owned outright within 4-5 years. Or we could own one, larger property which our family would comfortably grow into. Our kids are still young, and comfortably still share a room together. Im assuming they won't need individual rooms until our oldest is 8-9. There is a chance we will have another child in a few years, hence the need for a possible 4th bedroom. We would love some help and insight into what the best financial and logical path should be. Thanks in advance! [link] [comments] |
| My experience as a first time home buyer in the Bay Area, CA Posted: 20 Jul 2020 03:08 PM PDT Because I like reading other people's experiences and process, I thought I'd share my experience buying in the bay area, especially through COVID-19. I started seriously looking back in January 2020. 35 years old, have been in the same industry for 10 years. No parental help, aside from small amounts of Christmas or birthday money (totaling less than 5k).
I have been here one week. It is a fine house for my needs. I probably could have gotten a slightly better deal if I had waited, but who knows. Thanks for reading. [link] [comments] |
| Posted: 21 Jul 2020 08:44 AM PDT This is mostly pertaining to features that you didn't care much about before buying your first home, but now it's a must-have or dealbreaker for future homes. Let's leave location out of it since most people prefer moving to a better neighborhood/community. I'm currently living in my first home, and I really despise the overmature trees on my property. There are several straddling the wire fence between my neighbor and me (even growing through the fence), and its branches are pretty close to the power lines. Hiring tree removal would be way too costly. Then, there are heavy winds and storm that break off huge and small branches of the tree that I gotta clean up. The small ones are a nuisance since I gotta pick them up for lawn mowing, but the huge ones can be costly. I've either gotta rent a chainsaw or hire someone to chip it away/remove it for me. And I don't even want to talk about leaves during Fall. Can't believe it's already 4 months away before I gotta rake them, lol Anyway, if it isn't clear, I won't be buying if there are multiple overmature trees in the yard. I'm pro-environment and all, but yard maintenance really takes a toll with massive overmature trees [link] [comments] |
| NC, USA - should I consolidate connected properties in semi rural area? Posted: 21 Jul 2020 04:31 AM PDT I have ~35 acres across 3 properties, all connected, mostly woodland. 1 crappy old house, and one reasonably decent brick house (Ye olde family home). This is a semi rural part of the state, quickly becoming less rural. It is about 25 miles out of Charlotte. What are the drawbacks and benefits to consolidating everything into a single property? I'd rather have a single one to pay taxes on, and keep up with. Plus, although I have no immediate plans to sell, I am thinking it would be more attractive to potential buyers, either rich single investors wanting a big fancy home (several of those close by), or developers. [link] [comments] |
| Posted: 21 Jul 2020 06:26 AM PDT Wife and I are looking for a quiet home with a private backyard. Schools will start to be a concern in about 5 years. Looking at this house, it seems to check all the boxes, but the history shows what looks to be a struggle to sell the house in the past. Thoughts? https://www.redfin.com/VA/Montclair/15804-Corwin-Pl-22025/home/9082128 [link] [comments] |
| Out of state realtor listed my house for sale Posted: 21 Jul 2020 07:43 AM PDT The city I live in is next to another city with the same name but East before it (me= "City" them="East City"). There are some streets with the same names and addresses in the two cities I live on one of them. The house with the same address as me in the other city was foreclosed and a realtor in another state listed my address for sale. We found out when my wife had an agent walk up to her asking about the house while she was getting out of her car. I emailed and left a phone message with the realtor asking to fix it,I never heard back but after about a week my house wasn't listed anymore but the picture of it on all websites is the other house. My problem is My house was estimated at around 400k on zillow and any other sites. The foreclosed house was listed at 250k so my house's estimate has dropped to 260k and it shows having been listed for sale at 250k. I know those estimates are not real and pretty much useless and a lot of the info is out of date or wrong and I don't think I'm going to be selling for a few years at least but feel like my value has been damaged. I've passed by listings when the property has been listed super low for the area in the past assuming there was something wrong with the property. Do I have a reason to talk to a lawyer? Should I try and contact zillow and other sites to get the information changed? Should I just chill out shut up and not worry about it? Thanks for your thoughts. [link] [comments] |
| Posted: 21 Jul 2020 07:20 AM PDT How is Capital gain tax calculated if my primary residence becomes my second home? Moving to a new place after 10 years, if i keep the home and sell later, will I be subject to the full capital gain from the time of purchase? I purchased a home in CA in 2009 and it has been my primary residence. I am moving and is the process of purchasing a home as my new primary residence. I don't want to sell this place right now, but maybe in the future. Let's say, if I sell it in 2025, how will the capital gain tax be calculated given that it was my primary residence since purchased in 2009 to 2020, and become my second home from 2020 to 2025? Thank you, appreciate any input. [link] [comments] |
| Should I just buy whatever I can? Posted: 21 Jul 2020 08:27 AM PDT First time home buyer. Compared to other markets, my local is not super bad, homes in my range ($300k) are going for about 10k -15k over asking. But they are going super fast, most homes are on the market about 5 days. We aren't in a super strong buying position and have been beaten on every offer so far. There are a few homes that no one wants due to location or they are not updated, or need some repairs etc. I am starting to wonder if we should just buy one of those so we are at least building equity, then get "the right one" in a few years, or should we keep looking for, maybe not the perfect place, but a good one. We are in a decent apartment so not really in a rush, but we our price point is at the bottom of the market so I feel if we dont buy soon, we will not be able to buy at all. [link] [comments] |
| Couple questions from a first time home buyer Posted: 21 Jul 2020 08:16 AM PDT My wife and I are first-time home buyers and we live in Silicon Valley, CA and looking to buy in the area. In particular, we are looking for townhomes which often have HOAs. We have couple questions regarding the market and our current situation.
[link] [comments] |
| Posted: 21 Jul 2020 08:07 AM PDT |
| Posted: 21 Jul 2020 07:38 AM PDT My mom's a real estate agent and I always like to go through her but I've inquired about a space and have been in communication with the building's broker. I can set up a tour with them, but I don't know if this means they think they are my buying agent or if I can just look at it with them and then when ready to sign I can bring in my agent. Is this professional? [link] [comments] |
| Get my own lawyer for closing on my house? Posted: 21 Jul 2020 10:35 AM PDT Hi, I am in the process of re-financing my house from a 30 year conventional fixed to a 15 year conventional fixed. We are approaching the point at which we would schedule the closing date, and when I was on the phone with my lender, I asked about attorneys and they said that I shouldn't need to get my own because the attorney that's used works for both of us (me as the lendee and the bank as the lender). Everything with this process seems to be correct. I've read all of the documents, talked with the lender several times, etc. It's going as smoothly as it did when I took out my first mortgage--but I don't want to be naive and not do something I'm supposed to (or overlook something). So I ask--should I be getting my own lawyer (and paying an additional fee) for closing? I should note that this lender is actually a mortgage broker and is the same organization that handled my original mortgage (before selling it to a big name bank). So I have a fairly decent amount of trust built up with them already (if that makes any difference). Thank you in advance! [link] [comments] |
| Is it okay to buy a house in a subdivision thats on the low end of the price range? Posted: 21 Jul 2020 10:01 AM PDT I've always heard don't buy the cheapest place in a subdivision and don't buy the most expensive. This subdivision looks like it started in about 2010 and this house was built in 2015. It's listed at 186k and looking at the lot lines map on Zillow, there are a handful that around 170-180k, but 80-90% of the places have sold well into the low, mid and high 200s. I've never understood that rule of thumb, but does that apply here? I haven't gone to look at it yet, but the place looks spotless. It seems like it's just got less sqft than a lot of the other places. [link] [comments] |
| Posted: 21 Jul 2020 09:28 AM PDT Hi - Hoping to get some suggestions on my ideas here as my family is making some major decisions in the coming months. We have our house in the Hampton Roads, VA area that we are trying to decide on either renting or selling. The house // It's a 25 year old, 5 Bedroom and 3 Bathroom house in a cul de sac on a ~0.45 acre lot. It's in a great neighborhood with an also great school system. The city valued the house at 500K but we're expecting 400K-450K in offers as the house isn't in perfect condition. We have about 50K in our budget to make some updates to the house. The mortgage on the house is also below 60K remaining. Now come the decisions... Idea: Sell // We always intended on selling the house. But, we are now worried about the market given the pandemic. Is it wise to put the house on the market by Winter of 2020? Idea: Rent // This was an idea that came up as we were dealing with the pandemic. Hampton Roads has a few major navy/military bases and we're thinking that the renting market would be great. This would help us pay the mortgage off and give us more time to maybe takeover the house (eventually). Alternate Idea: One of the siblings takes over the house // None of us ever envisioned being back in Hampton Roads. Our lives are based in other cities due to lease agreements/mortgages + work locations. In other words, none of us can make the move without breaking leases, etc., which would eat into the savings that we have built up substantially. This house is a lot bigger than any of us ever imagined living in as well. None of us intend to have a 6-person family and this is really "too much house" for us. Given the current climate, do any of these decision seem sound? Is there something else I am completely missing? We all grew up in this house so there is certainly some sentimental value in it. My Father passed away just last year and I know that this was somewhat of his legacy: providing a beautiful house for his family. Any help would be greatly appreciated. [link] [comments] |
| Selling first house - yikes expensive!! Posted: 21 Jul 2020 09:20 AM PDT I feel like you are supposed to make money when selling a house - but how much? I always imagined "moving up" when you buy your second house. Is that true? I am trying to figure out if we are in the position to do so. After closing, realtor expenses, and such. Here is our current scenario with ballpark estimates: mortgaged 280k. Remodeled with a 50k helco. Refinanced (I know we will loss money on the refi expenses). Current Balance $320K. Owned for less than 5 years. Est sale $440-$490 (haven't done formal estimate walk through). We initially put 20% down - I feel like we are going to leave with less cash than we started with. Our house would be one of the lowest priced on the street in that bracket. Houses sells in the mid to high 500s but have a second bathroom and updated kitchens. [link] [comments] |
| Posted: 21 Jul 2020 09:08 AM PDT Hi there, I am beginning my home search in the eastside area of Seattle of single family homes 800k to ~1M (Kirkland, Bellevue, Issaquah, Bothell) and I am super wary of the cookie cutter new constructions because of how fast they are constructed and sometimes corner cutting or low quality materials. Otherwise houses around here vary from the 50s to the 2000s with a few rare 1910s, I am wondering what years of constructions were typically 'better' (I know every decade has flaws') about the wiring, asbestos, piping, sewer, hardwood etc. Would that be the 80s and 90s or even the 1910s? I know king county records have an "build quality" score and 8+ is on average better but not sure if this score works well with older homes.For newer homes in 2000 and 2010s, who are some of the most reputable builders/contractor houses that are known for its quality? As a pure example, I know there are a dozen local builders such as Buchan, Camwest etc in Issaquah, would that mean above average quality? Is there a list per area that I can read up on? I know that a full inspections will answer these questions but I wanted a general rule of thumb to know what I should narrow my search first as Seattle homes are very hot and expensive and I really want to move quickly on a good home rather than chasing after a sinkhole. Thank you in advance! [link] [comments] |
| PA, USA - Trying to Purchase Home with Unemployment due to COVID Posted: 21 Jul 2020 09:01 AM PDT I will try to include some detail but I will include a TL;DR below. We (my bf [35m] and I [39f] have been looking to purchase a house since we moved to a new area in July 2019. At the time I was pregnant, due in December but found work. He began working in August 2019 while we rented a place while shopping for a home. I had sold my previous home and had pre-approval for up to $200K. In November I had pregnancy complications which put me at home until after birth and recovery. My employer said they would have the position reopen on my return in Jan/Feb. I filed for unemployment. My boyfriend is still working but had a low credit score we were working on with a credit card and on-time payments. I had a complicated delivery and prolonged healing but once cleared in February, my employer said the position would not be reopened. I continued with unemployment and searching for a new job. Then COVID started and the jobs boards were minimal if non-existent. I qualified for renewed unemployment (13 weeks) in March but they have been extended through the end of the year for COVID. My pre-approvals for the mortgage loan expired every 30 days. I had to reapply to keep an "active" pre-approval. When the one in March ran out and I tried to reapply, they told me I wasn't approved on account of too many credit checks in the last 6 months. (These were from moving and renting, a purchase of a vehicle (both our names on it), and the 3-4 pre-approvals I ran through the bank for the mortgage. They told me once I had a house chosen and put in an actual application for a loan, that I could explain the reason for the credit checks and it would be taken into consideration and most likely approved. So I decided to just use the past pre-approvals I had to show that I was credible if I needed to provide proof in the house-buying process. They also told me of some stricter guidelines for borrowing that included higher credit scores. My credit score is excellent (~820) so I wasn't concerned. I have been applying for any job that is within my qualifications and pay range. I have a bachelors and was making $60K avg/yr before I had to quit. I have only claimed unemployment one other time in a gap from Jan - Mar 2012. I've had no callbacks and a few rejection emails. We just found a home we're interested in purchasing. I almost have enough in my savings for 20% down. When I called the bank, they informed me of some "new qualifications and restrictions" on home loans. Apparently, instead of income qualifications now, they have Employment Qualifications, meaning that they check where you are employed, and unemployment income doesn't count. Unemployment can only be considered if you are a seasonal employee or you have been collecting for 2 years. My boyfriend makes less than I do ($25-30K depending on OT). We found an outstanding balance in collections on May 31 that we paid off in full and they said it would take 30-90 days to reflect on his credit score. He has never owned a home. What options do we have? Could he apply solo? (He wasn't approved for the car loan in December for lack of credit history so we have it in both our names.) Could he qualify for a first time homebuyer's loan? Is there any loan we could jointly apply for that would count my unemployment income? Any other options I am missing? We are in a 2 bedroom 1 bath rental that was supposed to be temporary with a 13 year old and a 7 month old (who is living in our room). I hate wasting money on rentals and had a home for 10 years with no late payments. What's our best option? TL;DR - What options do my boyfriend and I have to buy a home if I'm claiming unemployment because of COVID and he has a lower credit score? I owned a home before, he didn't. We're in a small house with a new baby and need to move soon. TIA for any help or ideas! We thought we were finally getting somewhere and the rules keep changing! [link] [comments] |
| Posted: 21 Jul 2020 04:48 AM PDT According to my loan officer at Chase, the appraisal on the home I'm purchasing was done on July 11 via desktop appraisal. I still have no report or even a number to go off of pending bank review about the results of the appraisal. Anybody else experience slow times getting appraisal results back during the pandemic? [link] [comments] |
| Purchasing flipped home, seller wants to make it as is Posted: 21 Jul 2020 08:28 AM PDT So I'm in the middle of attorney review (day 3) in NJ and I paid 18K over asking due to it being a sellers market but it really fit my family needs. Now the seller wants to make it "as-is, where-is" in the contract. Can they do that? My attorney rejected it, now awaiting their response. This is all so frustrating! Does "as is, where is"shield them from any repairs after inspection? [link] [comments] |
| Posted: 21 Jul 2020 08:26 AM PDT Hello all name is josh. I'm a CRNA by trade and looking to get into real estate internationally with emphasis on Australia, New Zealand, maybe Spain Italy and Croatia. I know what you're thinking that's a wide range it's because the wife and I haven't decided where we want to purchase ourselves and those countries are our favorites. Some do acknowledge my field others don't. So real estate would be a side gig for now and full time when we move. Age 29 male. Wife 37. How would I go about getting my license for the states first then acquire the international license ? Thank you for reading and all advice [link] [comments] |
| Posted: 21 Jul 2020 08:09 AM PDT I'm located in Western New York. A friend of mine just put an offer in for $20k over asking on a house that was listed for $150k . He also waived the inspection . The seller said there were 20 other offers ! Ultimately my friend did wind up with the winning bid. I've noticed almost every property that's reasonably priced is having multiple offers and going for much more than list. I can't remember a previous time where the market was this much of a sellers market. Is it the same in bigger dense cities ? Or are people moving out of those cities because of corona ? Do you think the market will slow down once the flood of foreclosures hits the MLS (assuming a good chunk of people who are currently in forbearance default on their loans). Will the bigger cities like San Fran , New York etc.. ever recover to pre covid prices ? Or with the push to work from home will more people be willing to live further away from their jobs. Are properties with more land / bigger yards going to demand higher $$ going forward because people value outdoor space more due to the quarantine and/or fear potentially being quarantined again in the future? I know a lot of this is subjective , I'm just curious to hear others opinions. [link] [comments] |
| Offer Accepted! Advice? Home Inspection? Posted: 21 Jul 2020 08:08 AM PDT Offer Accepted! We're in California. We've been hunting for a couple of months and we cannot believe our low ball offer was accepted!!!! Our realtor is guiding us through the process but any advice from here would be greatly appreciated. Situation: It's a 3 bed, 3 bath, with an office single story 2,160 sq ft house on a .26 acre lot built in 1985. We have two children under 2. It's in an awesome neighborhood with retired people and young families. It has popcorn ceiling, carpet, original kitchen and bathrooms, and the only access to the backyard it through the garage. We got it for about $50k under asking because it was slightly over priced, had been sitting a month, and the owners owned it outright through a trust for 4 sisters - they loved our personal letter and I think we're tired of holding onto it. We'll be there for the inspection... questions to ask? Advice on inspectors? Advice? Inspection advice? Reno advice? So nervous! [link] [comments] |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment