Real Estate: Can I demand a refund if the title abstractor on my refinance did not remit full escrow tax payment? [NYC] |
- Can I demand a refund if the title abstractor on my refinance did not remit full escrow tax payment? [NYC]
- People who are waiving inspections to be competitive, are you getting an inspection done after sale for peace of mind?
- What’s the costliest home buying/selling mistake you have made?
- My RE Agent thinks I am too demanding during renegotiations
- Closing funds, who to make the check to?
- Is PMI usually this low?
- Closing on home on 12/18... stupid mistake with CC
- Anyone ever lose your “dream house” only to get an even better house?
- Lot Loan
- Selling a house, to remove vertical blinds or keep them
- Wanting to sell current home (mobile home) and buy another
- My Partner already has a mortgage, I have lower savings and income...what is the smartest way for us to take out a second mortgage?
- Is the data at the recorder's office public domain?
- Investment in condo vs ETF
- Victorian Home Offer
- What stops buyer to place offer for multiple houses at the same time?
- I want to buy my childhood home which is not on the market
- Closing on my first house; is it safe to start buying furniture and other big dollar items?
- Should I buy a house now or wait till the market calms down?
- Closing on my first house; is it safe to start buying furniture and other big dollar items?
- Bought a house. Got verbal commitment from seller and then 24hr later they took it back.
- How long should a house be on the market before I tried to make a lowball offer?
- How does the nitty gritty of the proposed Prop 19 reassessment work? (CA)
- Large 1.6 acre lot, majority wetlands, for new construction custom home
| Posted: 26 Nov 2020 06:28 AM PST I recently closed on a vanilla mortgage refinance in NYC. Since my quarterly property tax is due within 60 days of closing, the bank required the title abstractor to escrow and remit my next property tax payment. I just looked up my account balance with the city and it appears that the full amount that was collected in escrow was not remitted to the city because my actual property tax due was less than what they collected. Questions: * Is the abstractor required to refund me automatically or do I need to request it? * Assuming I do need to request it and they are not compliant, does anyone know the proper NY regualtor for these companies? Is it the DFS? Thanks for the help. [link] [comments] |
| Posted: 26 Nov 2020 09:22 AM PST |
| What’s the costliest home buying/selling mistake you have made? Posted: 25 Nov 2020 04:51 PM PST |
| My RE Agent thinks I am too demanding during renegotiations Posted: 26 Nov 2020 01:27 AM PST My husband and I are selling our first house. it's a 50 year-old "starter home" in the northern CA. Asking price was $400k, but only to get interest (agent called it a bid war). We wanted about $415k originally. House was on market for 3 days and received 2 offers. One was $425k FHA loan and one was $420k conventional. We took one that was $420k. House was appraised at $420k. We just finished inspections. It's not great. It's move in ready, but with hidden damages here and there. House needs roof and pest repairs. Buyers are asking for $15k credit, which is basically asking for everything to be fixed, including cost of new roof. My husband says we can counter offer with a $8k credit. My RE Agent says that we are coming in too low, something around $11-12k is more reasonable. "Buyers are paying top-dollar for this house. We originally asked for $400k so this is still higher than asking." RE Agent said to sleep on our counter offer a little longer, and if we still wanted to present it come Monday, we can. My husband is pretty upset and confused. He and I have been reading about the current market and it's supposed to be a sellers market right now in California. Right? I was reading a post on here a couple days ago saying buyers are lucky to get even half of asking credit. Are we being too demanding? TLDR: We're selling a somewhat fixer upper. Buyer wants $15k in credit. We can offer up to $8k. Our agent is hesitant to present our counter offer. Edit: word [link] [comments] |
| Closing funds, who to make the check to? Posted: 26 Nov 2020 06:12 AM PST For a certified check at closing, who do we make the check out to? [link] [comments] |
| Posted: 26 Nov 2020 08:42 AM PST I didn't know much of what to expect regarding PMI. I've read that it can be anywhere from 0.5%-1.5% of the loan value each year. We just received our closing disclosure and our PMI will be $47/month on a $300k loan. It's a conventional loan with only 5% down. This $47/month is well below the lower bound of the quoted range of 0.5%-1.5%. For a long time I was slightly concerned about not having a large enough down payment as lots of people say to wait for 20% to remove PMI costs but this seems almost negligible. Am I missing something here? [link] [comments] |
| Closing on home on 12/18... stupid mistake with CC Posted: 26 Nov 2020 05:35 AM PST Hi, we are supposed to close on our home on 12/18. I think I messed up. I was doing some Christmas shopping on Amazon, nothing major. Well, they had a promotion where if you got an Amazon credit card, you'd get $100 off. Great idea, right? Well no, because I'm an idiot. Immediately after I applied I went OH S****!!! We are about to close on a home! Ugh!!! I did NOT use the card and have NO intention of using it. I immediately texted my lender but it was almost 10pm so I didn't expect him to answer. But now I am freaking out. The only debt we have are our cars and home and a small student loan (3k). I have a credit card I use for school, but that balance is paid off from my tuition reimbursement. We pay off our normal credit card every month. We both have good credit scores, over 720. I checked on credit karma after the application for the card went through and I am at 720 Transunion and 740 Experian. My husband, who is not on the card I applied for, was at 737 and 745. I will not be able to sleep until I hear from my lender. I am sick to my stomach that I messed this up. Can someone tell me I may be okay? Or should I expect to get a higher rate now and just a bunch of bad things happen? I am shaking I am so upset with myself. [link] [comments] |
| Anyone ever lose your “dream house” only to get an even better house? Posted: 25 Nov 2020 10:12 PM PST We were outbid on our dream house recently and are on the hunt again... not a lot in the current market, and with the holidays, we don't expect to see much until first of the year. We are looking for some positive encouragement - we've had lots of people tell us it wasn't meant to be or that we will find another, even better house. So I'm just curious - has anyone ever lost their dream house only to get an even better house? Tell me about it! [link] [comments] |
| Posted: 26 Nov 2020 04:24 AM PST Does anyone know of lenders that will give a lot loan without requiring a house to be built? Every search I've tried for "lot loan" ends up with the stipulation that a house must be built in x years. The property I'm looking at has a large shed. My end goal would be to put a pole barn on the site. I own my own home, but I would like to have a place for storage and a shop. [link] [comments] |
| Selling a house, to remove vertical blinds or keep them Posted: 26 Nov 2020 10:07 AM PST I have vertical blinds in very tall windows in my house. Listing my house for sale, and am thinking of removing them as I think they are not great looking. but my mom says the new owners can remove them if they want. the only function to keep the cold out since the backyard is private and faces some hills/forests. Imgur: The magic of the Internet thoughts?? [link] [comments] |
| Wanting to sell current home (mobile home) and buy another Posted: 26 Nov 2020 10:04 AM PST I own an older mobile home 1973 I think. I have the title and am hoping to find any advice on how to sell this place to buy a larger home I have never purchased a home through a mortgage lender. The mobile home is in ok condition but will need some work any advice would be very awesome I don't have much of my own money to use as a down payment and am hoping I could leverage my mobile home for a down payment my only fear is that I'm still responsible for my monthly lot fees while I'm still in the home and rental prices seem way too outrageous in my area to consider renting. [link] [comments] |
| Posted: 26 Nov 2020 09:42 AM PST My partner already owns an apartment in an area hit hard by the virus—nothing is selling there so he'd like to hold onto his apt for now and try to rent it out if possible. We, like the rest of the world, are looking to leave the city and buy a house. Combined we have enough capital to buy a home with a small mortgage (we could conceivably eke out a payment in cash if they were enormous upsides to doing so, but it would be tight). My salary is lower than his and I'm not certain I'd be able to take out a mortgage solely in my name. 70% of the down payment is also his. Neither of us have debt outside of his other mortgage. We are also not married. Is our only option to have the new mortgage in his name? I would like to spare him the stress of being super over-leveraged. I'm brand new to real estate (he is not, but also had questions about this issue so I thought I would and ask on our behalf). What else am I missing? [link] [comments] |
| Is the data at the recorder's office public domain? Posted: 26 Nov 2020 08:54 AM PST |
| Posted: 26 Nov 2020 08:32 AM PST Hi i am 31 and married with no children. I am deciding wherher to rent or buy a condo. Been living in houston for 2 years. I have been researching both options, renting seems hastle free but given the low interest rates for condos and houses and equity benefit overtime seems lucrative as well . However, i was thinking from investment standpoint, i could also spend the money that i am paying upfront (downpayment on average 10k) for buying a condo on buying a well diversified ETF or REIT that could give me around 8-10 percent annual rate of return and will also be hassle free with no surprise costs. What do y'all think about investment in a condo vs ETF. What could benefit you more on profit standpoint in long run. [link] [comments] |
| Posted: 26 Nov 2020 07:42 AM PST I'm a newbie here, so forgive me if this post is brought up often. I'm currently settled on a house and want to possibly extend an offer this week. The home is a stunning 1900s Victorian with a whopping 4500 sq ft living space. The list price is $300k after a $15k cut a month ago. It has been on the market since June with no prior or current offers (as of today). The current owner purchased for $150k in 2018 and has since replaced the entire roof, windows, porch, and spruced up the cosmetics of the home. Understandably, there are many things to take into consideration when placing an offer, but are there any rules of thumb to go by when doing this? I am working with a realtor who said after doing some comp work, a fair offer price would be about $285k. I don't want to be insulting, but also realizing there hasn't been much interest in the home. Should I go in lower than this or stay on the conservative side and not risk losing the home? EDIT: I am in north Jersey Chester/ long valley area. [link] [comments] |
| What stops buyer to place offer for multiple houses at the same time? Posted: 25 Nov 2020 08:08 PM PST Assuming he/she includes financing contingency in these offers and then secure a loan for one of them that he/she likes the most. [link] [comments] |
| I want to buy my childhood home which is not on the market Posted: 26 Nov 2020 02:03 AM PST I will keep this brief, I am relocating due to a work promotion back to the City where I grew up, my childhood home which I grew up in had been in our family for decades when my parents were forced to sell due to financial reasons. It's currently not on the market but I am willing and able to make a considerable offer and am prepared to pay well over the market value. My heart is set and I do have the financial means to make a very good offer to the current owners. My heart is set on this house, it would mean a lot to me and my family as well. My question is simply how I go about this, am I best to go through a real estate agent or simply knock on the door? [link] [comments] |
| Closing on my first house; is it safe to start buying furniture and other big dollar items? Posted: 26 Nov 2020 05:29 AM PST I've read varying advice on when and how to make big purchases but given that holiday says are in full swing I'd like to take advantage. My down payment has already been cashed and cleared through my bank. I'm already conditionally approved (which is a step much further in the process than preapproval) and I'm due to close on 12/22. I'd rather not wait to close to buy some of this stuff especially as certain items (furniture) is quite back logged. Thoughts? [link] [comments] |
| Should I buy a house now or wait till the market calms down? Posted: 26 Nov 2020 05:18 AM PST I have recently been approved for a house. I've already put 4 offers in but I'm outbid every time. People are offering 50-60k more in my area. It got me thinking, should I buy a house I don't like but can afford or just wait out the market. My realtor is advising me to wait it out since the housing market is bound to crash soon. What do you think ? P.S Currently living with my parents, but with my two dogs and the lack of privacy, I'm itching to leave. [link] [comments] |
| Closing on my first house; is it safe to start buying furniture and other big dollar items? Posted: 26 Nov 2020 05:12 AM PST I've read varying advice on when and how to make big purchases but given that holiday says are in full swing I'd like to take advantage. My down payment has already been cashed and cleared through my bank. I'm already conditionally approved (which is a step much further in the process than preapproval) and I'm due to close on 12/22. I'd rather not wait to close to buy some of this stuff especially as certain items (furniture) is quite back logged. Thoughts? [link] [comments] |
| Bought a house. Got verbal commitment from seller and then 24hr later they took it back. Posted: 26 Nov 2020 08:08 AM PST We've been searching for our perfect home and actually found it. We were hoping our home would be $850k and this one was popular. We usually work with an agent who doesn't do much work but gets us a rebate. Since COVID and being unable to go to open houses and being in a seller's market that agent has become pretty useless. She and her agency owned the home as well but she told me she had the final say on things. So we went in and did our best to appeal to the selling agent even if we would have to overbid and lose our rebate. Next day we went in at $920k. Other offers came in higher but she kept us in the loop and we assured her we're motivated and ready to win no matter what. She went quiet on us but eventually told us that she had bad news. She had a $960k all cash offer. Our offer would need a loan so we couldn't really compete. Understood where we stood but gave it a shot anyways and told her we can do $970k. I told her we might take some time but we will work hard to close and that we will close no matter what it takes. And she actually accepted! We couldn't believe it but we were so thankful. We won not by our wallets but by the emotional investment we put into long phone calls, text messages, and thought our personal letter was a nice touch. We celebrated told some of our closest friends. Told our dog about his awesome yard. And started shopping for furnishing. Liquidated my stock. Updated my refinance to take cash out to get into escrow quickly. Celebrated some more. Shopped. Celebrated. Then our agent tells us we lost the home. She says she's so saddened for us. She explained that multiple counter offers were sent out but this cash offer group sent in their escrow paperwork. And their agent said that is considered a binding contract. And my agent also the selling agent said that they were committed to me. But their agent said to prepare for a lawsuit. Therefore, my agent's brokerage and her investors or whatever the fuck apparently signed off on it. So we got fucked so hard. And we're so sad. Just wanted to share my story to see if there was anything we could do. Thanks for reading happy thanksgiving everyone! [link] [comments] |
| How long should a house be on the market before I tried to make a lowball offer? Posted: 26 Nov 2020 04:18 AM PST The market in my area has slowed down a ton, I am in the Midwest. A house came on the market recently that ticks 99% of our boxes however the price is a little too high for us. It's been on the market two weeks now, which back when the market was more hot would have shocked me because this house is right by this big park and is beautiful inside, and the price seems fair at least for what houses were going for in summer. They have already lowered once and that was over a week ago. I know it's obviously my choice to do a lowball, but how long can a house be sitting on the market usually that's considered "too long" and that the price may need to come down? [link] [comments] |
| How does the nitty gritty of the proposed Prop 19 reassessment work? (CA) Posted: 25 Nov 2020 07:15 PM PST Maybe it's a little too early to be asking this, since the actual law implementing Prop 19 hasn't been promulgated yet, but there's some ambiguity that I haven't been able to clear up even after a bunch of searching. Prop 19 makes it so that a reassessment of a property to market rate occurs upon transfer from a parent to a child, unless the child intends to make the property their primary residence and files for a homeowners' exemption within a year of the date of the transfer, in which case the first $1 million of appreciation is exempt from reassessment. But what if the child files for the exemption, moves in, and maybe a few years down the road, decides to move and rent out the property? From a plain reading of the text of Prop 19, this doesn't seem like it should trigger a reassessment, since the parent-child transfer has already taken place. Or do inherited properties get flagged as such, meaning that a reassessment happens when the child gives up the homeowner's exemption? Does anyone know which one it is? I probably should ask a lawyer, but I figured I'd start here first. [link] [comments] |
| Large 1.6 acre lot, majority wetlands, for new construction custom home Posted: 26 Nov 2020 03:40 AM PST I signed on a 1.6 acre lot yesterday. First time buyer so very excited. Only like 5000sqft in the front of the lot, including front and side setbacks, is buildable. At first I was excited about all of the privacy and seclusion the back would offer. 5000sqft of buildable area is plenty large enough to build the home we want. In terms of flood risk, the lot is flood zone x (I think the lowest) and we won't have any trouble getting the home above the flood protection elevation so I'm not foreseeing any issues on the buildable area to build what we want. Anything else we should be considering? It's going to be a small 20 home gated community and it is a cul de sac home, great school district. I imagine most homes in the area being built from maybe 750k at the lowest to probably a few closer to 1.25million. I'm Aiming for a 4000 sqft home right around in the 1-1.1 range. Any thoughts? [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