Real Estate: Neighbor Having Power Shut Off to My House for 4 Days for Tree Removal |
- Neighbor Having Power Shut Off to My House for 4 Days for Tree Removal
- Is buying and living in a condo/townhouse worth it?
- Interesting decor
- Dealing with a hostile neighbor while putting in a fence. Boundary survey is on my side, but this dude gets seriously pissed.
- Buying a house in western North Carolina. I think i'm being played by the owner... Does this sound like a realtor strategy? I am seeking advise from someone who knows the real estate game. More in the description.
- Becoming Home Inspector in FL
- (CA) What's a reasonable deposit to ask when the tenant won't be moving in for 2 months?
- Closing trouble?
- What is required after a home inspection
- Seller's Inspection Response (Fraud?)
- How to find a Mortgage Broker and Real Estate agent
- Add bedroom to house to sell for higher price?
- Bought our first house! And now there’s termites
- Cost to Build Home
- How I scheduled 112 showings in June
- FTHB in Ohio. Looking to buy because a mortgage will be the same price as rent but the market is crazy. How can I increase my odds?
- Easement on the entire back yard?
- Any ideas? Seller wont bring back pellet stove included in the purchase agreement.
- Contractor touring in lieu of Inspection?
- Help out a new agent
- Should I get another agent or am I being too picky?
- How realistic is it to buy at 5% down, sell my current house, then recast quickly to get rid of PMI?
- Changing Lenders after Offer Accepted
- Agent Question: Procuring Cause
- We'd like to extend our closing date due to Covid, what options do we have?
| Neighbor Having Power Shut Off to My House for 4 Days for Tree Removal Posted: 20 Jul 2020 08:50 AM PDT There is a massive 100 year old banyan tree that new new neighbors (really they are investors/flippers) are removing. None of the neighbors are happy as the tree is a major character-maker and shade provider for the street, but apparently the cutting is a done deal and they will spend about $20,000 to remove it. As part of the removal process, I have gotten a note that they will shut off power to my house during the removal process for 4 days in the middle of summer, from 8am-6pm each day. I work from home and also have a dog, and the letter just states that the power will be shut off, which is a huge inconvenience and there's no way I can stay home when the house will inevitably reach into the 90s. And then extremely stress out my A/C unit when the power comes back on to get it to a livable temperature. Legally, am I entitled to any compensation? If so, from whom? The major players are the new home owners, the tree company, and the power company. I am not sure who to approach, what to say, and appropriate amount of compensation. The state is Florida. [link] [comments] |
| Is buying and living in a condo/townhouse worth it? Posted: 20 Jul 2020 07:31 AM PDT I'd like to hear from those of you that live in one. Do you regret it? It's a big condo (attached to one other home by a wall), but I am concerned about how to handle Possible noisy neighbors? I'm used to living in a cramped studio apartment and don't mind living near people too much. It's what I can afford in this crazy market right now! [link] [comments] |
| Posted: 20 Jul 2020 08:01 AM PDT I was looking at the pictures of a home on the MLS and was viewing the photo of the kitchen. They had a towel hanging from the oven that said "bitch I am the secret ingredient" So that was interesting [link] [comments] |
| Posted: 19 Jul 2020 11:54 AM PDT bought this place about a year ago. Has a large yard about 1.25 acres. Neighbor is about to sell his home. I wanted to put up a fence around my property before he did that, suspecting that some of the area he claims is in his yard is actually part of my property. this dude used to work for the city and thinks he knows everything although, he is wrong or lying about what he says. Took the good advice and hired a surveyor to map out the boundaries. The survey shows as I suspected. My property line extends about 15 ft into the area the neighbor mows... And considers his property. The entire stretch is about 250' long.... So it's a significant amount of land. When the surveyor was out there putting in the monuments and staking out boundary corners I texted the neighbor and invited him to come see where the boundaries are. Well he came out of his house screaming and physically violent. Got some really good video of him up in my face screaming profanities and trying to put his hands on me. The surveyor said he had never seen anything like it. My question is. Can I clear that area and fence it? It's clearly mine. The boundary monuments and the perimeter or certified and filed with the county now. Is there a formal legal way I can notify him that I'm going to do the work and that that property belongs to me? I would hire a lawyer for this of course. If I just tell the work crew to begin work and ignore him, he is definitely going to call the police. When they show up, what can I do to be the most prepared? My big concern is that if I do not protect my property line by installing this fence, I open myself up to the possibility he can claim adverse possession of my land. There isn't any structure or fence there but he has been maintaining that strip of grass as if it belonged to him. I just moved in a year ago, he has been there for 15 years. The old lady who owned the property just didn't know what he was doing out there I guess. What is the legal process for informing somebody that they are infringing on your property? Is there some paperwork I should prepare in the event law enforcement shows up to try to stop me from doing the work. I imagine if they see I have the survey and the boundary markers and something from a lawyer they would back down, but I'm not interested in starting a war, just putting up a fence. Furthermore, he is trying to list his house right now. Should I inform the listing agent about the boundary? All the photos of his property include that side as if it was part of the sale. Does he have an obligation to disclose this conflict? My main goal is to put up a fence. My secondary goal is to have this crazy guy move out so I don't want to stop his sale. I have considered whether I should wait until the new owners move in and then just roll up and put the fence in. I imagine they could sue him for failing to disclose but I don't see it coming back on me. What do you guys think? If there are any details I need to provide HMU in the comments and I will fill it in [link] [comments] |
| Posted: 20 Jul 2020 05:38 AM PDT I am looking to purchase the house that my Uncle rented for 25 years, He moved out Saturday. The owner knows that I have been interested for quite a while. Here are the details
Things that I believe need repaired/ replaced:
I was looking at comparable listings around Clyde/ Fines Creek in NC zip code 28721, and collected enough data to confidently offer $90,000 Cash "As Is" to the owner. I have not told her my offer yet. The Zillow estimate is $118,000. Last week when I contacted the owner to tell her I am serious about buying, she told me that she wanted her realtor to assess it before she takes any offers. Yesterday the owner texted me saying that they will be listing the house for $218,000 and have a woman who is already interested in buying. The owner told me that I have first dips and she is willing to accept $210,000 cash "As Is" by July 24th or else she will be selling it to the other woman interested.... My question to the community is this: Does it sound like a bluff? Is this some kind of real estate tactic to price very high? or does this seem legit? Is she trying to intimidate me by saying there is another buyer interested? for comparison, I looked at listed and recently sold houses in the $200,000 range in that zip code, in my opinion, that is almost double the market value. The house on the same road sold in May for $210,000. Very similar house by the same builder, similar floor plan BUT is has 3 bedrooms and 2 bathrooms, is located on 12 acres, has a detached garage, a private paved driveway with a security gate, a hot tub, and is boarded by a beautiful cobble stone fence. What should i respond with? My strategy is option A, B, or C as follows Strategy A: Tell her the price is too high for us and to go ahead and list the house on the Market and I will make an offer if/after the house is on the market for a week. Strategy B: Offer her $90,000 cash "As is" Strategy C: Offer 110,000 Cash but get quotes for the bathroom remodel, HVAC, and carpet replacement, and then negotiate a closing cost after those quotes Thank you for anyone who took the time to read this and offer advice. I am open to all/any comments strategies and advice. [link] [comments] |
| Posted: 20 Jul 2020 07:25 AM PDT Currently enrolled in the InterNachi home inspectors course and working as a residential HVAC technician. Worried about finding a job after I get my license due to lack of construction experience. I'm a young male in my mid twenties and willing to work for free until I have the experience to demand my price. Do I stand a chance? [link] [comments] |
| (CA) What's a reasonable deposit to ask when the tenant won't be moving in for 2 months? Posted: 20 Jul 2020 06:12 AM PDT I'll be requiring a deposit equal to the first month's rent. I feel like asking for the entire deposit two months in advance is kinda harsh, would half the deposit up front and the balance due at move in be reasonable? Rent will be $3200/month. [link] [comments] |
| Posted: 20 Jul 2020 08:58 AM PDT So I'm selling my condo and the closing date was supposed to be last Wednesday the 15th. By Tuesday morning my attorney asked for the second time if the buyers got clearance because no one was answering him. They finally responded with "we've seen people get clearance up to 20 minutes before closing." Attorney threatened to enact TOE Wednesday morning because they didn't give a clear answer. Not even 3 minutes later we learned that they had clearance since the 11th, but the title company didn't communicate that with the lender, etc. So we thought we were good to go, turns out the buyer was "busy all week" for the rest of the week. Attorney had a day off Thursday, so he was pushing for Friday, with no luck, attorney being told closing will happen Monday. Well now it is Monday, and when we asked the attorney what time closing was he said he still doesn't know what time. I'm starting to get nervous. This is my first time selling a home. Is this typical and I just need to be patient and calm down? Or is this fishy and I have every right to be nervous? UPDATE: My attorney now said their attorney is saying their lender put them back into underwriting? So we will not be closing today because we have to wait for that... my attorney is going to enact Time of Essence and hope to god that it pushes things along. Right now I'm just thankful that our closing date for the house isn't until the 29th. [link] [comments] |
| What is required after a home inspection Posted: 20 Jul 2020 08:57 AM PDT When a home is contingent on an inspection, what differentiates what the buyer WANTS versus what the inspection REQUIRES with respects to closing the deal? I always thought the inspection contingency was to address issues that make the home not functional or not safe. Am I incorrect? [link] [comments] |
| Seller's Inspection Response (Fraud?) Posted: 20 Jul 2020 08:10 AM PDT Kind of long, I'll try to keep my problem/question short and focused- Buying a home, agreed we wouldn't have sellers fix anything costing less than $300, had a home inspection that went well, requested response to a few repairs (loose shingles and popped up nails on roof, rust in HVAC, electrical panel wiring, one other item I can't remember). Sellers have a licensed repair company provide estimates for each item and each came in under $300 so they would not cover the cost of any repairs. The estimate we received from the contractor seemed felt sketchy to me, like they shifted dollars around so some things were less expensive than $300 threshold and bumped up prices on lower cost items to make up the difference. I asked if the repair estimate was still good if we removed one item of work (where I thought they were overcharging to make up the difference for a reducing prices on other items). We were told the estimate would still be honored and that the estimate is good for another 2 weeks. Seems like a low rate but the contractor is licensed and we have an estimate so we signed the Seller's Inspection Response agreeing to them not making repairs. Fast forward to a week later when we go to review the invoice before contacting the contractor to schedule the work and the (online) invoice is no longer available to view, even though there is 5 days until the estimate expires. Our agent contacts the contractor and contractor says he pulled it for some unclear reason but he'd give us a new one. A few days pass and after follow ups from our agent the contractor finally posts a new invoice and the price of everything is doubled, now each repair is over $300 and about an $800 total increase over the first estimate. Our agent follows up a few times with the contractor, the contractor is evasive and finally says the lower prices were only for the sellers because he has done work for them before but the buyers don't get a discount. Our agent has been talking with his broker about this and they just want to get the deal done. We do too but we're also feeling deceived by the sellers/agent, plus the seller's are being jerks about other issues too, so we're getting increasingly pissed about this. Closing is in 3 days and our agent keeps insisting we keep our eyes on the prize (which I admit is a good, non emotional response). Our agent has also convinced his favorite contractor to complete the repairs at the cost from the sketchy contractor or if we go with different contractor our agent said he will cover the price difference out of his earnings on the deal. Our agent and his broker just want us to keep our eyes on the prize and forget, at least for now, that the sellers/agent have been deceptive about the repairs and jerks about some other stuff. Is that the best advice at this point? Does this seem like we were intentionally deceived about the repair estimate? Do we have any recourse, either before or after closing, for the repair estimate seemingly not being done in good faith? Any ways we can put the screws to the sellers/agent over their bullshit? [link] [comments] |
| How to find a Mortgage Broker and Real Estate agent Posted: 20 Jul 2020 10:15 AM PDT Hi all, Just starting the process and find it rather overwhelming. When I look at homes in Zillow or Redfin or Realtor, I see the listing agent but how do I find a Buyer's Agent is there a website where all of them list themselves or something. My family all purchased homes ages ago and my friends are not in the market so I don't have any personal referrals. Also I live in one area but I'm looking around 1.5 to 2 hours away. I'm assuming I should find an Agent in my destination area. And for Mortgage Brokers is there a way to find one that specializes in FTHB programs, again is there a list of brokers? I've banked at the same bank for 20 yrs so thinking of inquiring with them, I also have a credit union that I've been at since last year, should I inquire with them as well? I know they say to check with at least three different lenders but doesn't the broker scour all the possibilities for you so that you don't have to apply multiple places? If I do check with different lenders/brokers in one month it will only count as one search on my credit report, is that correct? Any help would be greatly appreciated [link] [comments] |
| Add bedroom to house to sell for higher price? Posted: 20 Jul 2020 08:02 AM PDT We're thinking about selling our SFH that we bought a year ago, and in order to try to not lose money on it, we're considering adding an additional bedroom. Has anyone done this in the past? It would be great to hear about your experience - cost, whether it increased the price of your home, legal and architect's involvement, whether the headache of construction was worth it. More details: We have a SFH with 3 bedroom now. We have space in our basement, and would add some walls in our workout/laundry room to make it into an additional 10ft x 10 ft bedroom with a closet. I assume we'll need to get city permits, and an architect's sign off. [link] [comments] |
| Bought our first house! And now there’s termites Posted: 20 Jul 2020 08:01 AM PDT We had a pest inspection, which they said they saw no visible signs of termites or other pests. We've now lived here for two weeks and we found termites, not in a place where you can see them with just a quick glance around the room but they're there. They look like they might've been around for a while too. Is there anything we can do, at least get our money we paid for the pest inspection back? Are we fully responsible for the removal of pests and repairs to any damage? [link] [comments] |
| Posted: 20 Jul 2020 07:28 AM PDT Hello Atlanta Neighbors, If you recently built or renovated the majority of your home, how much did it cost per square foot and your region. Internet indicates $115-$150 but we're getting bids from builders at a minimum of $160 which seems high. Background Story: Renovating 800 sq ft home into a 2000 sq ft home. Basically just keeping the current foundation and subfloor then adding on the main floor and second floor. [link] [comments] |
| How I scheduled 112 showings in June Posted: 19 Jul 2020 09:32 PM PDT June was a crazy month for me. I had 7 vacant properties that I needed to fill, but couldn't show because of the statewide curfew and social distancing restrictions. A lot of people in the area resorted to virtual tours, but they just weren't as effective as in-person. Not to mention, the vacancy rate in my area is pretty high and turnover on average takes about 23 days. So I set up a lockbox at each of my properties, took some nice pictures, and set up a calendar for people to book self-tours. To my surprise, I was able to rent out all 7 properties within ~14 days, but what I found most amazing was just how many people I was able to 'show' my properties to without leaving home—112. Needless to say, I am probably going to keep using this system to show my clients' properties. Hell, I might even start experimenting with charging $5 per showing just to filter out halfhearted prospects—112 tours for 7 properties is kind of a lot. Anyways, thought I'd share this with y'all. Peace! [link] [comments] |
| Posted: 20 Jul 2020 08:29 AM PDT So, I am looking to buy a home given the low interest rates mainly due to my available monthly budget, and lack of owning anything sky rocketing my taxes, and fear of upcoming recession increasing interest rates which would decrease what I can spend since my monthly budget is strict. Also my lease is up soon and I do not want to sign another year long lease and be stuck waiting another 15 months to buy (no I cant do month to month and I dont want to move somewhere that I can do month to month because it will be too expensive). Right now buying a home would make my mortgage payment (including insurance/taxes/mortgage insurance) the same as my rent. I am pre-approved for an FHA loan. I know my down payment is low (3.5%) but I am able to pay closing costs and have also been offering the home as-is and not asking the seller to make any repairs. I have been outbid on homes where i've offered 20k over asking and also outbid on homes where i've offered to beat the highest bid by 2k up to my max that im pre-qualified for. Having more cash for down payment is out of the question unless the seller was paying closing but that also seems out of the question in this market if you want your offer to be considered. I've seen people mention that a small down payment is a negative to the seller, why is that? Any advice would be great. I am mainly looking in up and coming neighborhoods that still need some work, and dont have great schools but even these areas seem highly desirable. The last house I bid on that I offered 20k over asking had 19 offers after being on the market for 48 hours. Another house I saw come onto the market sunday morning and was scheduled to go see same day had a pending offer by mid afternoon when I was heading to go see it. This is obviously the only market I know as I havent bought a home before, but this just seems insane and stressful. Here's an interesting article for anyone interested: https://www.dispatch.com/business/20200630/columbus-homes-selling-fastest-in-us Thanks to anyone who offers advice or insight! [link] [comments] |
| Easement on the entire back yard? Posted: 20 Jul 2020 08:08 AM PDT Hey guys, I'm looking at a house right now that has been listed for a very long time. They've been trying to sell it off and on since ~2018, and for some reason it hasn't sold. It's a fairly recent build in fantastic shape, so I'm interested. I was looking at the survey for it and noticed there's an easement on practically the entire back yard which may be the reason it isn't selling, see here: https://imgur.com/a/L4nVkPI I realize easements are pretty common, but this seems aggressively huge. It looks to be for an 8 inch sewer pipeline, though I'm uncertain whether or not it's sanitary or stormwater. There is also a manhole cover a bit off to the side of the yard. My question is, would this be a dealbreaker? I'm leaning towards not pursuing it any further since realistically you don't actually own that land, and the city can in theory rip up the entire yard without notice. [link] [comments] |
| Any ideas? Seller wont bring back pellet stove included in the purchase agreement. Posted: 20 Jul 2020 08:00 AM PDT As the title reads, we put an offer on a home and during the viewing saw a pellet stove in the basement. There was also a picture of the pellet stove on the listing. We made an offer and noticed on the purchase agreement that it was missing from the list of items staying with the house. We asked our real estate agent to include the exact wording "pellet stove" in the purchase agreement. Everyone signs. Of course, the seller moved out and took the pellet stove (as well as a couple other things that you would assume would stay). Husband is understandably pissed. The seller is saying it was never supposed to be included in the listing, or on the purchase agreement, and the seller's agent has removed the picture of the pellet stove from the listing. Our real estate agent does not want to push it, since we are so close to closing (four days). Is there a quick easy way to sort this out? [link] [comments] |
| Contractor touring in lieu of Inspection? Posted: 20 Jul 2020 07:55 AM PDT Hello! We are selling our house and accepted an offer with an inspection contingency. Our realtor contacted us today to say the buyer wants their friend who is a contractor to tour the house in lieu of an inspection? They said it would take 45 minutes. Does that sound like a good or bad thing? I assume the contractor won't be as thorough. But what if they look at things an inspector wouldn't normally do? Is this even ok? [link] [comments] |
| Posted: 20 Jul 2020 12:48 AM PDT I'm an 18 year old who is in the process of getting their license in Washington, I was wondering if there are any tips that you more experienced agents could drop that would help to know starting off. [link] [comments] |
| Should I get another agent or am I being too picky? Posted: 20 Jul 2020 05:02 AM PDT I am working with an agent that I'm considering terminating for a few reasons. We did sign an exclusive agreement so I've been thinking we could exit gracefully by maybe getting him a few hundred dollar gift or something to offset his time. The main issues are that I work night shift Sunday through Thursday during the week for the APAC region. On the weekends he's not really available so Friday is the only day I can look. I can absolutely respect that he values family time and such and I know he does work some weekends with clients but we are only designated 1 day a week and if we find something we really like on the fly I can't see it because I have to wait til the next week. Houses are going pending faster than you can make kraft macaroni and cheese on a stove top. Wife works opposite shifts as me so that basically leaves us Friday, Saturday and possibly early Sunday if I wake up whats considered early for me 10am. Am I being too unreasonable? I guess I wish he could be a bit more at my beckon call given my unique shift and situation. I've already explained this to him as we as far as needing some accommodation but he's pretty dead set on just giving me Friday and limits me to picking from 3 properties to choose from for viewing. He's a really nice guy, knowledgeable, and has an engineer mindset similar to me with the added benefit of social skills. I just don't know how realistic it is that I'd find an agent who would accommodate us more. [link] [comments] |
| How realistic is it to buy at 5% down, sell my current house, then recast quickly to get rid of PMI? Posted: 20 Jul 2020 04:49 AM PDT I have a broker who's claiming they can flag my account with the soon to be lender and indicate that I'm intending to sell my current house and recast to remove PMI. I want to buy my house first mostly for logistical and job reasons. I work overnight shifts so getting things done during the day is harder and I'd rather do the minor improvements on my current house while living in the new house then sell it vacant. How risky is this? She's claiming my mortgage shouldn't get sold off in the first year, but at my current house I think it's changed hands twice servicer wise in the past 5 years. I know some servicers may be stricter about paying down loans with a recast to remove PMI quickly. My credit score is 780, and income around 90-100k a year. Have about 170k or equity in my current house, and about 100k in savings and stocks. I'm shopping for a 530-560k house and supposedly my broker believes I can get through underwriting with a super low interest rate in the 2s even owning the 500k house and my current house which mortgage + insurance and tax payment is $1300 a month. I'd need to pay for both properties in the interim while I prep to sell the other but she said DTI shouldn't be an issue. I guess this is my second questions for the brokers out there. Am I setting myself up for failure with underwriting or is my broker over promising? [link] [comments] |
| Changing Lenders after Offer Accepted Posted: 20 Jul 2020 10:25 AM PDT I've been talking to 3 different lenders, 2 of which my agent recommended to me. I interviewed 5 lenders so of these three, I would be comfortable with any of them. I put in an offer over the weekend that has a very compressed timeline. We would close in 21 days if my offer was accepted. I got word today, that the listing agent called one of the lenders (lender #1) to confirm we had discussed a couple of the contingencies I waived. My agent has said all along that I could change lenders as long as it didn't impact the closing date. I suspect he'll push me to use lender #1 and cite the 21 day closing date as the rational. I would like to take 1 day to shop my three lenders and see who has the best rate or if any of them offer me any incentives. My agent wouldn't try to talk me out of trying to negotiate the best deal with lender #1 by calling the other two but I think he's going to push me to use lender #1 anyway. My questions are:
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| Agent Question: Procuring Cause Posted: 20 Jul 2020 10:20 AM PDT More curiosity than anything. I don't plan on pursuing this. A little over a month ago, I hosted an open house for an agent in my office on the opening weekend of one of their listings. During that open house, I met a buyer couple that was interested, but they claimed they had a verbal agreement with a friend that normally does commercial to be their agent. He was not with them. The home received an offer the same day and just closed recently. I just found out that the buyer was the couple that I had met. Would I technically be the procuring cause in this instance? Again, no plans to pursue this but more for growth in my own business to not let opportunities like this slip. I did a poor job of closing them and following up with them. [link] [comments] |
| We'd like to extend our closing date due to Covid, what options do we have? Posted: 20 Jul 2020 10:16 AM PDT My mother is currently selling her house and is under contract to close in early August, and she plans on retiring in her home country where the family is. However, due to Covid, the country has banned international flights until September and my mom basically has nowhere to go unless we try to find some temporary airbnb (that would be complicated because of pets). Ideally she would be able to stay in the home until early September so she can fly back home soon after closing. Are there any reasonable options for us and the buyers? Thanks! [link] [comments] |
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