Real Estate: Person showing up to your house after bid was rejected |
- Person showing up to your house after bid was rejected
- Closing delayed 3 times — buyer can’t seem to close
- How do I remove the 3D walkthrough of my home from Redfin?
- Lord and lady Scotland land
- What if the new home burns down the week before closing? Already put HUGE deposit down.
- What do you wish you did before closing?
- Would you buy a house where the backyard has a stone fence but behind the fence is a road? two lanes on both sides
- Appraisal- style of home
- How do you thank/help a great landlord?
- Seeking Advice with Mortgage
- renovations vs repairs
- Are home prices on Zillow accurate?
- Looking to rent a condo.
- Real Estate Type Indicators (RETI)
- Home refi -- safety issue an issue for appraisal?
- (NJ) Can I rent out a house I bought as a tenant in common with my current girlfriend?
- Selling a home with chickens/chicken coop?
- So, how do appraisals REALLY work?
- (Massachusetts) : Considering buying a "2nd home" before I buy my first home.
- I take my RE State Exam in a week.
- 19 Years Old With 1 Acre Of Residential Land
- What is the best way to get started in real estate investing?
- Co-op repair woes
- Can we afford/should we buy a $1.4m place?
- Fannie/Freddie Approved Condo/Coop
| Person showing up to your house after bid was rejected Posted: 07 Sep 2020 01:56 PM PDT It was so strange. Today, I am sitting in my living room with my kids watching a movie and I get a knock on the door from a woman (who rode her bike to my house) who just asks why we didn't accept her son's offer. She goes on to describe the offer and wants to know first why we wouldn't accept it and second what we did accept. The whole time I am just giving her this confused like "what the hell" look and just respond "I am not comfortable discussing this with you". She gets really uncomfortable herself and says she doesn't understand why I can't share this info and that her son is into the same music as me (I have a bunch of records he must have gone through or something). I just said bye and closed the door. Felt super strange but I have never sold a house before. Is this common? edit: SHE JUST RODE BY ON HER BIKE AGAIN WITH HER HAT PULLED DOWN. [link] [comments] |
| Closing delayed 3 times — buyer can’t seem to close Posted: 08 Sep 2020 09:26 AM PDT Any advice on this situation would be fantastic, as we are totally in the dark and have no idea what to do. Our agent keeps telling us to stick it out and wants the deal to close, but at this point, we need to know what our options are. Our buyer has delayed the sale of our condo three times now. The first time, he failed to sign paperwork in time. This caused a domino effect and we missed the first closing date. For the second and third time, he appears to be stuck in underwriting (and still is). Everyone keeps telling us not to worry, there's not an issue. But he has been stuck in underwriting for WEEKS. We are having to pay daily for a rate lock extension and are potentially at risk of losing the house we are set to buy (as we keep having to push back our closing date on the new home). My husband and I have both burned through our vacation leave because every time we get to closing day, we find out day-of we have to be delayed. The buyer's lender has given us zero answers. Our agent doesn't want us to back out. Is there anything we can do to force the process? At this point, I want to start considering back up offers, but our agent doesn't even want to discuss it. All we get is, "Hang in there! Be patient!" Starting over would obviously suck, but so would dragging this out for another month. Any advice would be appreciated! [link] [comments] |
| How do I remove the 3D walkthrough of my home from Redfin? Posted: 08 Sep 2020 08:57 AM PDT I was able to remove the photos but the 3D walkthrough is still there. [link] [comments] |
| Posted: 08 Sep 2020 08:43 AM PDT I see these ads for buying a square foot of land in Scotland to be a lord or lady - is it complete crap like buying a star or is it legitimate? [link] [comments] |
| What if the new home burns down the week before closing? Already put HUGE deposit down. Posted: 08 Sep 2020 08:57 AM PDT Should be easy to get funds returned, right? Fires raging near by. [link] [comments] |
| What do you wish you did before closing? Posted: 08 Sep 2020 09:51 AM PDT Hello everyone! First time homebuyer here obsessing over everything. I already have an offer accepted and home inspection scheduled. Based on some other wonderful posts here I already looked at the permits for the house (one still pending from over five years ago, others unpaid, and where is the hot water heater one?) and tried to pull 911 calls and crime stats. I'm also going to wait to redo the kitchen, new curtains, and whatnot until I lived in it a while (thanks for those suggestions). Do y'all have anything else you wish you looked at before closing on a home? Any other suggestions? [link] [comments] |
| Posted: 08 Sep 2020 06:59 AM PDT Hi all, Pretty much what the title says. We've seen a house that we like the front and inside of but the backyard "neighbor" is a road. You can hear the cars as they go by when you're outside but not when you're inside. My husband and I are not much for sitting out outside, cause usually it's too hot and he says we won't be out there long but I'm thinking when we do go outside do I really want that as my "ambience". The houses in our price range are being snapped up quick and there is no guarantee that we will get it. We saw it a couple of weeks ago, and it went to pending in a day or two but now it's back to active. My husband really likes it and thinks we should bid on it. Partially I think he's frustrated with the market but mostly I think he likes the way the house looks. I'm worried about the back being on a road, resale value down the line or trouble selling it. I know currently it's a seller's market but what about 10 years from now. It will need new flooring in the bedrooms and hallway and possibly a new tub. Does anyone have a road as their backyard, how is it living there? Would you buy something like that again? [link] [comments] |
| Posted: 08 Sep 2020 10:06 AM PDT Does style of home greatly influence the appraisal? I've been trying to do my own comps for fun (and to help quell my anxiety for the appraisal) and have found about 4 split levels that closed in the past few months (and some of them aren't that close to the neighborhood of the home in question). However, there are a few 4B2B with the same amenities in the same neighborhood but are single story. How much does the fact that the house is a split level factor into the appraisal? [link] [comments] |
| How do you thank/help a great landlord? Posted: 08 Sep 2020 05:41 AM PDT I'm living in Europe. I have to leave a wonderful landlord and move due to life circumstances. Ive dealt with so much in the past, it's clear this landlord really knows what he's doing, and really cares. What would you, as a property/renter want for a great transition? If you're curious I lived with some weird landlords in Oakland, and Richmond California, Cleveland, OH area as well. But I have also lived in some bad to great places in Scotland, England, Austria, Germany, and now Czechia. [link] [comments] |
| Posted: 08 Sep 2020 08:37 AM PDT Hi, I'd like to ask you a question buying new home. I currently have a mortgage little over a year. It is FHA 30 yr fixed. I am currently working remotely, living at rural area, but at some point, my employer will require me to move on site, which locate in urban area. Now, this urban area is well over 300 miles away, so I need to buy a new house near that urban area. Can I choose HELOC or cash-out refinance to pay 20% down for new home with same mortgage company? Or is it better to go with different mortgage company? [link] [comments] |
| Posted: 08 Sep 2020 05:07 AM PDT ive got a townhome in an affordable metro area. my neighbor is doing a facade replacement on their side, theres a common wall and it was built with siding in common, no HOA rules. my 2 choices are stabilize or rebuild my side of the brick. the deteriotion will be evident at the new seam between our sidings. its kind of masked/blended by the continuous wall to someone not looking for it but theres outward bowing. recommended repairs are quoting at almost 18000 but theres history of leaks so i would probably have more interior side remediation once the structure is stabilized, full replacement is quoting at 30000. i have about 5000 in repair work that will more or less be common to both choices. so the difference is about 15000+interior finishes that i will likely DIY with some luck and assistance from friends. the full on replacement will im sure also have some interior finishing that i dont have a scope on yet but that would have to be seperately done after the rebuild. in the neighborhood maybe 10% of properties have had rebuilds and there are some that are in obvious need of it and are the older residents so they may eventually get gutted and rebuilt. prior to the pandemic i was getting cold calls and weekly real estate agent flyers offerring to buy or sell on my behalf so i think it was/is an attractive area but prices arent like NY or SF. its the second largest amount of money, behind the mortgage that i would be taking on as debt and will need to finance it. is a facade rebuild a significant appeal? I may sell in a couple of years prior to this outcomes of inspections and consults we were going to hold and test out renting and airbnb once we moved. i have 2/3s of the mortgage paid off and was on track to pay off in 3 years but ive stopped extra payments to principal with pandemic uncertainty. relatively stable job at least no red flags occuring in the next 2 years. im leaning toward the rebuild mostly because i dont know if i can be confident in the repairs longevity, and the contrast of new and old may turn away buyers. i will also need some updates in the future to bath and windows which is more near term costs. im looking at HE loans or line of credit. id appreciate your opinion about repair / replace and recovered costs when time to sell. [link] [comments] |
| Are home prices on Zillow accurate? Posted: 08 Sep 2020 10:36 AM PDT Forgive me if this is the wrong subreddit or a strange question. I'm looking to buy a home and relocate approximately 5-7 years from now. I've been browsing on Zillow often, looking in the area I'm want to move to. Prices look affordable, I put my limit to up to $500k and there are still lots of listings (it's a major city, so I'm glad there are still listings in the $300k-$400k range!). However, I was listening to a podcast about buying a home in this area and the 2 realtors talked about how difficult it is to buy a home here - often a home will be listed below the market value so it can increase competition and sell for tens of thousands higher than the asking price. So my question is - how accurate are these home prices on Zillow? When browsing a home, should I mentally prepare to spend $50k more than the asking price? I know this heavily depends on the home and area, but generally speaking. I want to get an idea of how much I can afford and the listings I'm seeing makes me feel like buying a classic 3bd2ba is in reach, but I don't know how inflated prices actually are. I don't know much about home purchases so bear with me... Thank you! [link] [comments] |
| Posted: 08 Sep 2020 10:27 AM PDT Hello, Looking to rent a condo and I requested information on one in an interested in. The real estate agent contacted me saying that the condo I liked, has been tentatively rented. He said there are other units in the same building. He asked me to go in to meet his team to see what I'm looking for. He said the market is pretty hot for rentals in the area I'm looking in and if a unit is available they will contact me right away for a better chance at getting the place. My question is, do they expect me to sign with them that I'm exclusively working with them? That's not something that I want to do. What do you think they want from me? Thanks in advance! [link] [comments] |
| Real Estate Type Indicators (RETI) Posted: 08 Sep 2020 10:19 AM PDT A real estate agent in Edmonton put together a fun way to categorize neighborhoods influenced by the well-known Myers-Briggs Type Indicator system. /u/EdmRealtor created an infographic to explain and apply the categories to Edmonton real estate: https://www.reddit.com/r/Infographics/comments/iout2r/real_estate_type_indicators_play_on_mbti/ (I could not cross-post it due to /r/RealEstate subreddit rules because it is an image post) [link] [comments] |
| Home refi -- safety issue an issue for appraisal? Posted: 08 Sep 2020 10:11 AM PDT Hey all, Looking to refi and getting the app in. When I first purchased the home, it had temporary hand rails placed for the indoor stairs as the initial appraisal required that issue to be addressed prior to signing the report. I've removed the temp handrails. I not installed a permanent solution yet (delayed by COVID). Would this be an issue again for a REFINANCE appraisal? Thanks! [link] [comments] |
| (NJ) Can I rent out a house I bought as a tenant in common with my current girlfriend? Posted: 08 Sep 2020 10:01 AM PDT We are buying as tenants in common. She has a child. I don't have any children. I see more and more that we have a clash in personalities. We have handed in everything in at the moment Including the insurance policy. I'd like to know if I should find a way out or if I am too late and if I go through with it, would I be able to rent out my share of the house? I'm trying to see it from a creator mindset. Any advice? [link] [comments] |
| Selling a home with chickens/chicken coop? Posted: 08 Sep 2020 09:48 AM PDT We are hoping to sell our home this fall or next spring. We own a 3 bedroom/1.5 bath in a large-ish west coast city for some context. We've lived here for the past 5 years and have had chickens for 3 years. We have a big backyard and the chicken coop is tucked up in one corner. We have a legal number of chickens, and the coop is built legally according to city code. Its a nice, big, custom-built and trimmed out, and very big chicken coop and yard. We keep the coop and yard clean and we don't have any problems with smell or rodents. We have huge gardens around the rest of the house and have been thinking of marketing the house as an urban farm. We are wondering if a nicely built, good looking chicken coop would detract from or add to the property, especially if we are selling it as an urban farm? If we did have to take down the chicken coop, we would probably fill the area in with wood chips, which might look a little weird, but would also probably be fine. Any thoughts would be welcome! Edited to add details [link] [comments] |
| So, how do appraisals REALLY work? Posted: 08 Sep 2020 09:31 AM PDT I know it's been discussed many times before, but I am still not clear. We're at the end of our appraisal contingency period on the house we're buying in Southern California, and still no word on a bank appraisal. I get that appraisers are insanely busy right now with all the ReFis going on, but is it that really takes so long? I've bought a house twice before, and both times, the appraisal 'magically' came in at exactly what we offered (both time it was over asking ... this time will be no exception). So, how long does it really take to run the comps in an area, verify the square footage (it's public information) and check on any upgrades? Which ... was already done by the listing agent before putting the house on the market anyway, so it's not like it all has to be done from scratch. So, what's really taking so gosh dang long? Appreciate any insight! [link] [comments] |
| (Massachusetts) : Considering buying a "2nd home" before I buy my first home. Posted: 08 Sep 2020 09:18 AM PDT Short version of a longer story : I "Accidentally" went to an openhouse this weekend while renting an airbnb in a remote part of Massachusetts, and fell in love. The town is one of those old mill towns that has become poor, but seems to be trending up with tourist attractions. I live near Boston, where house prices are just absolutely outrageous, and this house I could easily afford while still paying rent at my current place until the lease is up next summer. Girlfreind and I had been planning on seeing this lease through, buying this spring and eating a couple months rent if need be (roommates, tricky situation to just get out of). After seeing this house, we are now considering buying it, splitting time for the next year (we can afford this easily, that's how cheap the house is) and then living there for another year or two while we save for our "dream" house, and then rent this one out. Somethings about buying the house that we are unsure of : 1) It is definitely a flip. Seems like everything was done well, but having never bought a home I just dont really know what to look for with what might give issues. The house is ~100 years old but looks fantastic after the renovation. 2) It is on a fairly steep hill. Water would certainly run down the road and the real estate agent mentioned "dampness" in the unfinished basement near a ground level window. 3) Would this affect our ability to get a loan down the road? I would probably take out a USDA loan by myself for this one, (0% down) and have it in only my name. She had a house in a prior life, but has been off the deed going on 2 years. 4) With the USDA loan, would I get in trouble if I rent it as an airbnb in the next 1 or 2 years? I know there are some qualifications with that. I don't necessarily NEED the USDA loan, but it is appealing with the 0% down. I'm not certain if I am breaking any laws or abusing the system by taking it. 5) Is this a bad idea? LOL. [link] [comments] |
| I take my RE State Exam in a week. Posted: 08 Sep 2020 09:02 AM PDT I have been studying for 2 months now. Multiple hours almost every single day. I have my exam on the 15th of this month and I am beyond nervous. I heard the FL exam is one of the hardest to pass. I have a cram course this upcoming weekend to help me prepare for the exam. I have watched countless hours of prep-agent videos and answered hundreds of practice questions. I was curious to hear from people that have passed their exams on some of the techniques they used while getting ready for the FL RE Exam. I think I am ready but considering I haven't taken the test I do not want to be blindsided by anything on the exam. How hard is it to pass on the first try? [link] [comments] |
| 19 Years Old With 1 Acre Of Residential Land Posted: 08 Sep 2020 08:26 AM PDT I now have the title to my acre of land that I recently bought from my uncle for $8,000. I live in Texas, & I plan on saving up to build a house to put for rent. I currently work at a warehouse, & I get $11.50 an hour for 40 hours a week. I have no real knowledge of real estate other than knowing I have to pay property tax every year for my land. Any advice assuming the house will cost around $60,000 to build? Is there a smarter way to save up or should I stick to just working at the warehouse & saving up? I also live with my parents & I only pay $200 a month to stay at home. [link] [comments] |
| What is the best way to get started in real estate investing? Posted: 08 Sep 2020 08:19 AM PDT My friend has done a ton of research on it, but I figured it would be worth it to get some more tips. Is it true that you can buy a property and have an investor buy it from you before you have to pay anything? [link] [comments] |
| Posted: 08 Sep 2020 08:13 AM PDT I moved in to a co-op at the start of the year and really like it so far, aside from one issue. A few months in, the ceiling in our bathroom sprung a slow leak. I immediately contacted my homeowners insurance who sent out a water damage specialist who removed the ceiling and deemed that drain pipe from the bath tub from the unit above had deteriorated and was leaking. It probably had been slowly leaking for months, likely before we moved in. Guess it was missed on inspection, but that's another story... The co-op board was responsible for repairing the pipe because it was within the walls which they did without question. The owner above was not responsible because the pipes were internal and nothing he did caused the leak. Only problem is I was stuck with the bill for removing the saturated drywall, intensive drying and moisture removal, and replacing the drywall. I don't even know how much this all cost, all I know is I had to pay my 1k deductible. The co-op documents state that the board is responsible for repairs within the walls and owners is responsible for walls in. My question is since a problem within the walls damaged my unit, should I be responsible for that damage? [link] [comments] |
| Can we afford/should we buy a $1.4m place? Posted: 08 Sep 2020 07:47 AM PDT My wife and I are in our early 30s working in Tech (non-engineering roles) and have been living in the SF Bay Area for the past 8 years. We recently have been thinking about getting a place here (since we can see ourselves staying for sure for at least the next 3-5 years). We've always been renting but the low mortgage rates have been getting us to think that it might be worth investing in a place - it's just that this would be our biggest purchase/investment so it's a little scary. We did some searching and found a really nice place in the Bay Area, but it's $1.3-1.4m. Given our situation, we think we will get pre-approved (working on the application now) but should we is another question. Here's our current situation:
We're also not sure if now is a great time to buy in the Bay Area. With the pandemic, lots of folks are moving away and tech companies are being more flexible with working remotely. We've already seen rents drop like crazy and aren't sure if things will go back to the way they were before. Homes are still selling (probably because the cohort of people who were interested/became interested in buying a place before the pandemic, weren't too affected). I'm not sure if this area will be as crazy as it was, but I have a feeling like the demand/home prices will keep on going up albeit at a little lower pace than before. [link] [comments] |
| Fannie/Freddie Approved Condo/Coop Posted: 08 Sep 2020 07:37 AM PDT I need some guidance. I'm a little confused as how to find a Fannie/Freddie approved building. I saw a this 1980s condo in NJ that we liked. I went through one lender but they told me that the building has to be Fannie/Freddie approved for them to consider a conventional 30 year. How do I go about verifying this information? [link] [comments] |
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