Real Estate: What's your thought on black exterior houses? |
- What's your thought on black exterior houses?
- What’s the trend in your area right now?
- A new homeowners schedule & timeline for caring for their new home?
- Issues with new house not disclosed. How to proceed?
- Can a closing date be changed day of by lender?
- Buyer adding contingency after signed contract
- [Louisiana] For Sale By Owner, 40 year home
- Make me feel better about walking away from this.
- Replace wall-to-wall carpet before listing house?
- Supermarket entrance/exit right under my flat - should I object?
- (US) Would Student Loan Forgiveness cause a huge depletion of supply and pricing surge on entry-level, single family homes, making it even harder for first-time homebuyers to buy into the market?
- Condo for sale "AS IS" seems to be in very good condition. Should I be wary about signing anything?
- Got inspection report, no idea what to hone in on.
- Finding Contact Data on Properties
- Sold My House & Am So Happy
- Questions regarding Certificate of Occupancy in Freeport, IL, US
- Builder is offering a discount on certain locations in a newly constructed community. Should I be wary?
- Question - Perfect house went on the market. We aren't preapproved.
- Condo Im looking at purchasing has a private elevator, what costs might I expect?
- Seeking advice: offer price on two triplexes vs. 5 unit building
- Seeking Advise regrading first time home buyer grant!
- What are you’re thoughts on White House black trim?
- Any common sneaky tricks/scam the realtor would play when offer a guaranteed sale?
- Why is a condo owned by an owner but an apartment is not?
| What's your thought on black exterior houses? Posted: 04 Dec 2020 04:47 AM PST What's everyone's thoughts on black exterior houses? [link] [comments] |
| What’s the trend in your area right now? Posted: 04 Dec 2020 06:40 AM PST It's become obvious that most of the US is in a sellers market. Now that everyone is over the shock of it and it's become the norm, I'm curious if there's been any new developments. Are things still moving fast and selling high? Are they leveling off or slowing down? Any other interesting new trends worth pondering over? (Include where you are located) [link] [comments] |
| A new homeowners schedule & timeline for caring for their new home? Posted: 04 Dec 2020 06:42 AM PST Hi all, We bought our first-home!!! And I remember I was scanning reddit for help on all of it and I got to a post where it was documents and spreadsheets on how to maintain a home. My goal is to print most of it out as home manager to reference and put a schedule up and have it as a Bible for my family to check. I hope I am making sense but it listed seasonal time& dates/schedule that things gets repaired, cleaned or looked at. Where/ How... can I find this? [link] [comments] |
| Issues with new house not disclosed. How to proceed? Posted: 03 Dec 2020 03:12 PM PST So I just purchased a home in Connecticut back in July and have had pretty much nonstop problems with it since. The first issue came about a month in, when the pool liner in the in-ground pool started floating. When it was looked at by a professional, he said it had clearly been a problem before, as there were liner locks on half the pool, but that was never disclosed to me. Next I had a pipe burst in the basement bathroom. This was a new issue but still caused over 10k in damages. Most recently, I noticed a leak above one of my kitchen lights. Had a roof guy come look at it today. As soon as he walked in he said "I've been here before. Did you just buy this?" and then he promptly walked to the aforementioned light and said "this is leaking, right?" Apparently the previous homeowner had them look at the roof and do a repair (that clearly didn't fix the issue). They advised that ultimately while the roof is only 6 years old, it was a botch job and needs to be replaced. Previous homeowner was told the same per roofer and his manager and their records. Problem is, no roof issues/leaks or recent repairs were disclosed. Nor was anything about the pool. I had inspections done, but it wasn't raining at the time, so the roof leak wasn't detected, and the pool had just been opened with a new liner placed, so it wasn't floating yet. Is this something I can address legally? You'll have to forgive my naïveté, as I am a young first-time homeowner and just very overwhelmed. Any advice or thoughts are much appreciated. A couple edits for added information: 1) this was the second roofer who told us roof ultimately needed to be re-done. I am very much aware of the need to have several people look at it and provide quotes 2) the leak happened within the last 3-6 months before previous owner sold. She only lived in the house for 2 years 3) homeowner before previous was a contractor. He did a lot of improvements and fixes himself that are questionable. He built the pool himself even though he isn't a pool contractor, for example. I am sure he had a hand in doing the roof as well even though he's not a roofer. [link] [comments] |
| Can a closing date be changed day of by lender? Posted: 04 Dec 2020 06:34 AM PST Okay so clearly it can because it happened to us. We have a loan through Flagstar and have been waiting 5 months for it to process. We finically got the closing date was supposed to be today. We didn't even get a call, just checked the portal and it had changed sometime while we were sleeping. We took off work, rented a Uhaul, have friends on their way from out of town, boxed up our entire house essentially and have a new tenant who is supposed to move in Tuesday, which is our new closing day. We were guaranteed this date and our lender assured us it was 100%, his words. Is there anything we can do at this point? [link] [comments] |
| Buyer adding contingency after signed contract Posted: 04 Dec 2020 06:30 AM PST We listed our home on the market for 2 days with over 30 showings and 12 offers, all at or over list. The buyer we went with had no contingencies but not the highest bid. We wanted an easy as possible close and transition into the new home. Contracts were signed at 5pm and at 9pm the buyer requested a hydrostatic test at 9am this morning. We already agreed to an inspection later this afternoon but the whole thing felt like a surprise considering we declined a similar offer for the test because it was done two years ago and we don't want to risk being out of pocket as the pressure exerted for the test is an extraordinary amount that would never occur under normal use. Another reason is because that would mean I have to lug my baby and dog back into a hotel for the third day because of showings. Our realtor went back to them and said no, but that still gives them 8 days to back out of the option period. My question is, we have 11 other offers (2 higher), why do we have to wait for them to opt out (knowing they're not interested) when they breached contract. Or, is this standard? Edit: Shortly after the post, the buyers cancelled the inspection scheduled for this afternoon and won't respond to requests to sign the cancellation form. They have 7 days left and we will see what happens. Thank you for your responses. [link] [comments] |
| [Louisiana] For Sale By Owner, 40 year home Posted: 04 Dec 2020 05:36 AM PST I'm considering selling a home FSBO mostly because the house will not be highly listed and it would be ideal to net as much as possible for the home without paying realtor commission. Before I go that route I am trying to figure out what's all involved before making a listing especially any requirements that might be Louisiana specific. I know that if the house has a septic/sewage treatment system that needs to be pumped out prior to listing; receipt kept for proof, current termite inspection/certificate. The house is Rural Development eligible and this will likely be the loan type for the buyer. I've had realtor friends tell me that the FSBO process is complicated and it's easier to have a realtor handle it. But then again, they're realtors. Lol. I have the time to do the marketing and the time to do showings so those are non-issues. I know there may be risks involved. The legalities & contract aspects cause some concern. And I plan on doing more research before any decision is made. A coworker of mine sold her last two homes FSBO easily. Both were different than my situation as the homes were less than 5 years old each. Just looking for real experiences and tips. Edit: I do plan on listing the house As Is once it is listed. The lot is unrestricted and could be enticing for renting/investor/or as a starter home [link] [comments] |
| Make me feel better about walking away from this. Posted: 04 Dec 2020 11:24 AM PST We finally went under contract on a SFH in NC, built in 1998, $390k and priced as turn-key. Got the inspection reports (septic and home) back and our instinct is to walk away. Here are the highlights of the septic report and the 122 page home inspection. Are we being dramatic? Septic- All leech lines and field super-saturated. Wastewater noted on surface. Water pouring back into the tank from the lines after the tank was pumped. One line not accepting any water. Distribution box severely deteriorated. Areas of standing water throughout the entire crawlspace, despite the presence of two sump pumps and a dehumidifier. The addition crawlspace could not be accessed due to the amount of standing water. Open cracks noted in the foundation of the home. Notably on the back corner of the addition. There has been a section of the existing home foundation that has been removed to accommodate for the wiring and plumbing for the addition. This home was noted to have an addition added to the original structure. Evidence suggests that non-typical construction methods were used. The footings that support the pier of the home are exposed and the base soil is eroded. The floor joists, outside band, and subfloor all have water damage. The floor framing (in several locations) has been modified. The framing modifications do not follow standard framing methods that would normally be observed for a framing repair. Dry rot noted on many joists. There is evidence work has been done on the outside band inside the crawlspace area. Recommend that the seller needs disclose the purpose for the repairs. Mud tunnels typical of termites were noted on the subflooring inside the crawlspace area . (Pest guy said appears inactive) Multiple roof leaks noted. Water damage to the soffits and facia. Water damage to the garage ceiling and in kitchen, under upstairs bathroom. The wall unit HVAC in the addition was not functioning. Wall panel was blank. There were HVAC vents in the addition which are not typical with a wall unit. And the list goes on. [link] [comments] |
| Replace wall-to-wall carpet before listing house? Posted: 04 Dec 2020 11:19 AM PST I am being convinced that I need to replace our entire 2nd floor (1,200sf) of wall to wall carpet in preparation to sell the house. The carpet in the main traffic areas in pretty worn, plus the dog has done plenty of damage in certain areas, so I don't disagree it should be replaced. I don't want to put in anything expensive since a buyer might say they don't like it and it'll be a waste of $ and carpet. I am curious from realtors or buyers, is the house worth less (or will we get less for the house) if there is worn carpeting? I lean towards telling buyers that we know it needs to be replaced and will offer a direct discount for the cost. Thanks in advance. [link] [comments] |
| Supermarket entrance/exit right under my flat - should I object? Posted: 04 Dec 2020 10:55 AM PST I received a letter from the local council informing me about the CoOp (supermarket) that is moving in the commercial space on the ground floor, just under the flat I bought in March this year. I would be fairly ok with this given that the loading and unloading is not near my flat but: Coop applied for a license to move the doors and locate them straight under my living room, I can object by 9 December but I have some questions.... 1) is that going to cause any issues for me? Such as noise? Disturbance? Impact Saleability/value of my flat? 2) is it possible for them to actually change the original door locations? We bought the flat knowing that we won't have doors under our flat? 3) is there any chance that with my objection they will not proceed with the change? If yes, what should my objection evidence include? 4) or perhaps, is this a positive thing? Increased security with cctv? Etc Thanks! [link] [comments] |
| Posted: 04 Dec 2020 10:50 AM PST I know that Student Loan Forgiveness is most likely NOT going to happen at a large scale, as proposed by some liberal politicians, but my question is... what if it did? I am someone who struggled through school, working full-time, going to community college first and then an affordable state-school after, specifically so I would not have student loans. I make a decent salary of about $75, have no debt to my name, and about $70,000 net worth across retirement accounts and emergency fund. I am inching closer and closer to being able to afford a house, with a stretch budget of $300k. I am still having trouble finding a decent home that is in my price range With all this talk of student loan forgiveness, would this wave of people who suddenly have access to an extra 1K-2k per month cause a rush and price surge on entry-level homes? Would this decimate an already low supply of first time/entry level homes? I am very liberal politically, and agree with the tangible effects of freeing people from insurmountable debt. However, I can't help but think that if all of my peers now found themselves student-debt free, I may be priced out of the market forever. Thoughts? [link] [comments] |
| Condo for sale "AS IS" seems to be in very good condition. Should I be wary about signing anything? Posted: 04 Dec 2020 10:42 AM PST We have not put down a deposit yet but signed a contingency contract. Having second thoughts about buying without possibility of negotiation after inspection. Is this too risky? [link] [comments] |
| Got inspection report, no idea what to hone in on. Posted: 04 Dec 2020 10:37 AM PST Purchasing a home built in 1950s. I just got the inspection report and... I'm overwhelmed. My realtor is giving vague advice but said for liability purposes he can't give more solid guidance which I totally understand. This is my first home purchase. What of these things would you hone in on? I have a sewer inspection happening today and a radon inspection result pending. I should add, I'm in a pretty hot sellers' market and am currently under contract for 98% of asking price. I know what I can negotiate will be relatively limited, but I just don't know what to emphasize. -Driveway cracked -Various cracks in walls and ceilings, some "major" some "minor" -Tree with branches growing onto house -Portions of floor sagging -No GFCIs -Insufficient attic insulation -Chimney brick is "deteriorating" on inside -No chimney cap -Water heater is "end of life" -AC compressor is "near end of life" -Garbage disposal is inoperable -Evidence in ceiling in a couple areas under bathrooms of prior moisture leaks -Several windows painted shut -Evidence in carport of "prior" termite activity (got additional termite inspection and it says the same) -Slightly negative grade on two sides of the house -Bathroom vents exhaust into attic -Basement in one small portion of one wall has evidence of mold, unclear if it's active or not (I asked the inspector if we should test it and he said I could if I "really wanted to" which sort of discouraged me because I know his company offers it and I would be surprised if he'd turn down the money if he thought it was needed) -Unable to access half the crawlspace (editing to clarify - there is only crawlspace under a portion that is an addition to the house, so one room and half of it is inaccessible) -Unable to find a ground to the electrical system -Asbestos on ductwork -Drainage is "slightly slow" in two bathrooms [link] [comments] |
| Finding Contact Data on Properties Posted: 04 Dec 2020 10:36 AM PST Background on myself: I am a real estate investor from NYC. I'm attracted to the growth of the Austin, San Antonio, and Fort-Worth markets and I'm strongly considering adding any of these as my next out of state market. I am looking for small MF, 4-15 units in B areas with a value add strategy to raise income, decrease expenses or both. Now my Question: I am finding it very difficult to find deals on the market. I am actively looking to purchase, but all deals that I find on the market either get snatched up in seconds or do not fit my investment thesis. I am starting to think that a better approach would be to contact owners of properties that are not yet up for sale. Some initial thoughts were:
I would also like to preface that I have access to costar. Overall - I am looking for direction on how to gain access to these types of datasets. Would love to hear how others have gone about finding off-market deals. [link] [comments] |
| Posted: 04 Dec 2020 10:26 AM PST Over the summer during the housing frenzy I found myself in one of the most affordable homes in my community. It had great bones, but needed a shit-ton of work. So we sold it for under $500k to a cash buyer. We downsized from a very big house that needed lots of fixes to a small luxury apartment that is very nice. On top of this we got rid of so much junk it (A) filled the front lawn for a giveaway to passersby, (B) took 15 loads in the van to the Salvation Army for donations, and (C) took 60 bags of trash to throw away for garbage. Add in the $100,000 in the bank that we've grown a little bit since closing in August, and things are good. [link] [comments] |
| Questions regarding Certificate of Occupancy in Freeport, IL, US Posted: 04 Dec 2020 10:16 AM PST Hello, In 2018, we purchased a 4-story building with intent to renovate. The 1st floor is zoned commercial, floors 2-4 residential. When purchased, the previous owners were occupying the 2nd floor residential space. Recently, we completed a few cosmetic changes to the 2nd floor space (exposed hardwood floors, brick, etc) while leaving the existing floor plan alone and not updating any electric, plumbing or HVAC and moved into the temporary living space. This morning we received an email from our building inspector stating he had received a "complaint" that somone was occupying the 2nd floor and we needed an inspection for the city to issue a Certificate of Occupancy. We do not believe any of this is required, since the use has not changed and no major renovations have occurred, but wanted to see what others thought based on knowledge of codes/previous experience before really pushing back on the city. Based on our research, "llinois law does not require any kind of certificate of occupancy for apartments. Individual cities could require them by ordinance, but it doesn't look like any do in Illinois—not even Chicago. Certificates of occupancy do exist, but only for newly constructed or renovated buildings. They certify that a new building or unit has passed inspection, and fully complies with local building codes." (https://www.cirpp-live.com/blog-entry/2015/02/certificates-occupancy) I've also included our local building codes, which touches on CO in section 1242.02 CERTIFICATES OF OCCUPANCY. (https://codelibrary.amlegal.com/codes/freeport/latest/freeport_il/0-0-0-41122) Thoughts? TL;DR Are we correct in thinking a CO is required only for new construction, with the existing building being grandfathered in until major renovations/alterations occur? [link] [comments] |
| Posted: 04 Dec 2020 10:10 AM PST I'm looking to purchase a single family home. I liked the location of one of the lots.. 4 sides open, has 20ft of green space in front of it. It is however will have townhomes in the back. Those townhomes will face a very busy road. The builder has put a discount on this lot, reason "location". What things I should look for? What would be the future prospects? Thanks! [link] [comments] |
| Question - Perfect house went on the market. We aren't preapproved. Posted: 04 Dec 2020 09:47 AM PST Hello, my fiancé and I have been window shopping houses for some time and were expecting to seriously start looking next summer. Today a house popped up that is seemingly perfect, and has all the things we want. This also happens to be in the same subdivision where she grew up. Less that 3 minutes to all her family. We weren't prepared, but we really want to hop on this if possible. Prior to getting my fiance's hopes up I wanted to see what the next steps would be and if it would even be feasible for us to put in an offer within the next week. Thanks for any advice! [link] [comments] |
| Condo Im looking at purchasing has a private elevator, what costs might I expect? Posted: 03 Dec 2020 04:58 PM PST This building is still brand new and no units are to be delivered until at least Q1 2021. I am interested in the penthouse unit of a 4 unit building which is the only unit in the building that has an elevator going to it from ground floor. Ive never seen this offered as a feature only provided to one unit before, and Im somewhat interested, but also worried about what issues I might face with it in the future. [link] [comments] |
| Seeking advice: offer price on two triplexes vs. 5 unit building Posted: 04 Dec 2020 09:12 AM PST I have two off market deals I am trying to put together offers on. First ones ever! I am having difficulty finding information on how to offer a purchase price. I have NOI and cap rate but are triplexes looked at as residential even when sold together? My thought is I should be offering residential market prices on those not NOI/cap. Any feedback would be helpful! [link] [comments] |
| Seeking Advise regrading first time home buyer grant! Posted: 04 Dec 2020 08:20 AM PST Hello, I hoping someone can help me with my unique situation. I'm 22 year old and currently live w/ my parents. My parents bought condo(2 level, 2 bed and 1 bath)about 7 years ago and currently looking to get something little bigger(ranch or town house) with at least 2 bath, 3 bed, and garage or basement. It is made clear that new house will be under my name. I make somewhere around $60,000(before tax; NJ) and have $18,000 student loan and no credit or car loan. In NJ you are qualified as first time home owner if you haven't own house in past three years. In new jersey they offer " $10,000 as an interest-free, five-year forgivable second loan with no monthly payment that can be used to cover down payment and closing costs." Our household income is $125,000 a year and limit for 3 or more household income is $137,000 in my county. So, would I be qualify for the grant in my situation, since I have to show my parents income as well, but the mortgage is going to be in my name with them co-singing. P.S price of ranch or town house in my area are between 350K to 400K, so we are planning to make 50K to 70K as down payment. I would appreciate any advice or help! Thank You! [link] [comments] |
| What are you’re thoughts on White House black trim? Posted: 04 Dec 2020 08:12 AM PST Jumping of the other post about black house white trim. I'm being pushed toward this option on a new build and I'm not sure about it. [link] [comments] |
| Any common sneaky tricks/scam the realtor would play when offer a guaranteed sale? Posted: 04 Dec 2020 08:11 AM PST My condo is on market for a while and now I am in a place that need to sell it ASAP. I found a realtor would buy my place at a certain price if it doesn't sell in 120 days. The contract seems very clear, but I am still not 100% sure just because I feel like you can never trust realtors. Do any of you had similar experience and how did you feel about it? Is there any special clause I need pay extras attention on? [link] [comments] |
| Why is a condo owned by an owner but an apartment is not? Posted: 04 Dec 2020 07:59 AM PST I read that the difference between a condo and an apartment is that a condo is owned by an owner. Why is it not the case with the apartment? [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