Real Estate: I’m very glad Zillow and Redfin don’t have comment sections on each property |
- I’m very glad Zillow and Redfin don’t have comment sections on each property
- How long before house gets foreclosed?
- Putting in an offer just to get to know the house better?
- Sellers please de-authorize your smart doorbells and locks after you close
- Considering Redfin or FSBO
- My transaction is starting to feel super sketchy, trying to back out but now my realtor is scrambling to keep it together.
- Can I skip the home inspection for a little mobile home?
- House roof line question
- What type of loan to seek for mixed-use, 3-unit city property seeking zoning change?
- My SO and I are divided on whether to buy a home. He wants to move to his parent’s second home and save up for a home he wants. I want to buy the condo and build equity and sell it later. How should we proceed?
- Need advice - First time meeting with realtor to sell my house
- WWYD - Update Paint and Carpet or Sell As Is
- What is the area of a house?
- Are buyers spending more than they can afford to buy a home in this competitive market? And if so, do you think we’ll see a rise in foreclosures in the future?
- Lender dropped the ball, closing is in 3 days - what can we do?
- Why should real estate agents use a cleaning service?
- Agent knows the seller. Is this a bad thing for me?
- Converting room back into a garage
- The most banks can lend out is $800k?
- My dad wants to purchase a house with a granny flat outright with the intention of passing it down.
- Going to payoff the house in couple months , is there a way to obfuscate who owns the house under LLC or something
- What's a typical vs a bad home inspection?
- [MA] Resale value on a house with shared driveway and easements
| I’m very glad Zillow and Redfin don’t have comment sections on each property Posted: 25 Mar 2021 05:46 PM PDT |
| How long before house gets foreclosed? Posted: 26 Mar 2021 04:44 AM PDT Hi r/RealEstate, My father recently passed away on February and left behind a house that he was still paying a mortgage on. He is currently late on February and March payments. We have been in contact with an attorney for guidance on handling his estate and she is claiming that because of COVID-19, houses are taking a while to get foreclosed on. My family's plan is to sell the house before it gets foreclosed since we cannot keep up with his mortgage payments. I wanted to know how long we have and what the deadline would be to get the house sold? I am asking because I would like to get an idea of how much time we have so I can put together a timeline and a plan. Thank you [link] [comments] |
| Putting in an offer just to get to know the house better? Posted: 26 Mar 2021 05:11 AM PDT Saw a house that I don't love but it's in a competitive market and it's slim pickins around here. It wasn't my dream house and woukd require some work, but it's in a great location. I'm experiencing FOMO and a lot of pressure to make a move. Should I put an offer in just to stay in the game? [link] [comments] |
| Sellers please de-authorize your smart doorbells and locks after you close Posted: 25 Mar 2021 12:04 PM PDT I closed on a place and a week later the smart doorbell and the smart lock are still not de-authorized after closing. Edit: Seller should de-authorize the following:
I would strongly suggest buyers to add this to the contract. [link] [comments] |
| Posted: 26 Mar 2021 05:45 AM PDT I will be selling my home (in Nashville) area in the next two months as we are building new. Trying to decide weather to do FSBO, traditional agent (husband's friend is a realtor and I like her) or try Redfin agent service. The home should be pretty desirable and sell itself, 4bed/2.5 bath, only 6 years old, popular neighborhood, private lot, great schools, etc. Is anyone familiar with selling with Redfin? Any words of wisdom for me? [link] [comments] |
| Posted: 25 Mar 2021 07:58 PM PDT My girlfriend and I are first time home buyers. We are under contract. We had our home inspection and are now about to send our response to the seller. Disclosure stated new flat roof installed this month. Inspection said the roof was 6-10 years old, clearly patched, normally to mitigate water damage. I asked for clarification from the seller on whether it was just resealed, patched, or what. It was then stated that it was "entirely redone this month". I then asked for a receipt/work order. My realtor said he was "hesitant" to ask since we just asked for clarification. We said, again, we really wanted to see the receipt. He again, said he was hesitant. We are new to this. I'm nervous anyway. I felt very uncomfortable asking the second time (technically third) as it literally states in our inspection to ask for these things, and our parents were also telling us to. So we decided we no longer wanted to go through with this and we said we wanted to pull our offer. Of course now he's scrambling, asking the sellers realtor and trying to get us to agree to our response to the seller draft "if she has the receipt" I'm guessing so he can have a hair trigger on it without us reading anything so it'll take us past us getting our deposit money back. I'm not sure what to do now. Should we simply reiterate us wanting to pull our offer or is it worth negotiating the house price at this point? I clearly don't want to agree to the inspection response draft. What is the process for pulling an offer supposed to look like? And how hard is he going to try to prevent us from walking? Could he push it past the deadline and screw us? Whole situation feels sketchy and I don't know what to do, kind of terrified of the legal aspect of everything. I don't know if I'm being dramatic and screwing over all these people involved because of something dumb, but I feel like I'm being misled. We're not of the greatest means so we're really trying to look out for us and limit big future expenses. Thanks in advance. [link] [comments] |
| Can I skip the home inspection for a little mobile home? Posted: 26 Mar 2021 08:33 AM PDT I don't want to pay the $450. I've sold my house and will have plenty of extra money. I'm going to buy the little mobile no matter what as there's no where else to go. My brother remodels mobile and is willing to help me with any repairs. Is it cool if I skip having it inspected? [link] [comments] |
| Posted: 26 Mar 2021 07:05 AM PDT Looking at a house this evening. SE Michigan. The outside, around the garage, has a peculiar styling. Somewhat Dutch colonial, but more barn-ish rooflines. It's pretty terrible. Trying to figure out what the style is called so I can look up a "before and after" picture on the interwebs. I can't post a picture here - what sub can help with this? [link] [comments] |
| What type of loan to seek for mixed-use, 3-unit city property seeking zoning change? Posted: 26 Mar 2021 06:32 AM PDT Seeking a lender to help fund some work to a landmarked city property in Brooklyn, NY, but unsure which type of loan to seek. The property is zoned mixed-use (commercial w/ 2 apts above), and deeded to a single-owner LLC. No mortgage, roughly valued around 3M. Building's gross income is 72K annually, but other personal sources of income are slim and expenses are high. Owner has control of the commercial unit (so no commercial lessee), which by square footage is over 50%. The construction job would convert zoning to full residential and issue new CofO, perform essential repair and new code compliance. Anyone know what type of loan would apply here? Apartment ? Construction ? Commercial ? Investment Property ? The loan is strictly for repair/rehab work (under 250K), not purchase, and the bulk of rehab prepping for residential conversion is already complete. Thanks in advance for reading and advising. [link] [comments] |
| Posted: 25 Mar 2021 04:20 PM PDT Reddit. I need your help and advice. After constant searching for SF homes, we continue to be outbid by cash buyers. I asked our real estate agent how we can change our strategy. He said there's no way to compete with cash buyers and we would have to settle for a home that is not desired by investors. Which is a townhome or a condo with an HOA. Here's the problem. We don't like HOAs and we do not want to live in attached homes due to issues with noisy neighbors stomping etc. It really feels like we have no choice but to settle for these homes. The houses without HOAs are usually in the ghetto anyway. We had a showing for 2 160k condos is a fairly upscale area but the HoA fee is $500 which covers outdoor, roof, water, cable etc. one of them was in great condition and the other one had a dent on the bedroom door as well as a nasty stain on the carpet. That condo was negotiated down to $150k. If we do this and calculate the mortgage, insurance, property taxes etc it totals to $1545 a months and that's about $50 less than what we pay on our current lease I did as much research as I could with HOAs and found the management company had some positive reviews on google. The condo is made out of concrete so it would have superior noise insulation. We are divided because my SO is not "feeling it" because he doesn't like HOAs. He didn't want to have to fix the carpet issue etc. I told him that if he get the house and replace the flooring and update the appliances, we can sell it later for higher prices and build equity and get more cash back than if we did if we move to his parents second home and just save up more money. The problem is. We move out April 30. If I move to his second home, it's 3 hours away and I cannot take my current job with me. I will have to find a new job. I will be away from family etc. that is an option if we cannot find a suitable home soon, I will have to search for a new job. I'd like the home but I have to consider his feelings on the matter and for this reason I don't know what to do. My agent has been working hard for us getting the information I need. I also feel terrible about letting him know if we are not going to move forward. What would be best for both of us? Moving to the condo or moving to his parents second house? Please help. [link] [comments] |
| Need advice - First time meeting with realtor to sell my house Posted: 26 Mar 2021 05:37 AM PDT I am in the early stages of getting my house ready for sale and meeting with a realtor tonight. This will be my first time selling a house, and first time with a realtor. What should I expect from this meeting? What is usually discussed, what should I bring up? Also, what can I expect to be a reasonable commission/realtor fee that I would be expected to pay? I am in New Jersey in the United States. Anything else I am missing or should be prepared for, or questions that I should be asking? Thanks!!!! [link] [comments] |
| WWYD - Update Paint and Carpet or Sell As Is Posted: 26 Mar 2021 08:54 AM PDT I am selling an inherited an 1100 sq ft home in a rural area with a midsized city nearby. I do not live nearby. It's brick on slab with good bones, heating, central air, roof, and land built in 1976 and never updated. Interior walls are brown paneling in fairly good condition. Kitchen cabinets are super cheap and hand-painted pretty horribly. Carpet flooring and linoleum in kitchen and bathroom is in fair to good condition but it's quite dated. The exterior trim and carport need to be painted. Comps from a relatively wide area show similar properties with a low of $103 a square foot to $118 a square foot. Most of those properties have been updated to some extent with at least paint and carpet. For the paint and flooring updates plus other cosmetic issues, quotes are looking like 12k-15k. I'm in no hurry to sell as the house is paid for with no outstanding bills. Given the current real estate market and considering the fact that I don't live nearby, can't oversee contractors, and don't care about the house, does it make more sense to drop the price and sell as is or spend the money and do the cosmetic updates? The realtors I've interviewed haven't come down with good logic or a strong opinion for either option. TIA [link] [comments] |
| Posted: 26 Mar 2021 02:02 AM PDT When we see say a certain house is 3000 sq ft, do we mean the length of the house multiplied by width or do we mean the square ft of all tge living space first floor and second floor included? [link] [comments] |
| Posted: 25 Mar 2021 03:13 PM PDT |
| Lender dropped the ball, closing is in 3 days - what can we do? Posted: 25 Mar 2021 12:12 PM PDT We received our clear to close today for a closing scheduled Monday. We currently own a townhome, and did not need to sell our home to get another mortgage. Our original loan application came through Mar 1 from our mortgage broker with source of down payment listed as 'equity from sold property.' I pointed this out to him immediately, and said we had cash and were not selling, and he told me he would fix it on their side. I have it all in writing in an email chain. Today, we got our clear to close and under 'conditions' it stated 'proof of sale of property for x amount with x amount equity.' I immediately called the loan processor as well as our attorney and sent all of our bank statements outlining that we have more than enough to close. Our mortgage broker isn't picking up the phone, and our attorney thinks that this will push back closing, but he's working to try and get it all settled and saved. Can I just take a moment to say IHREWJFHJKFJKDSBFHKJBHBJHDFBHJEBJHEBFJHEBEJ What the hell? Is there any hope that closing stays on track? [link] [comments] |
| Why should real estate agents use a cleaning service? Posted: 25 Mar 2021 11:42 PM PDT TL:DR at the bottom I own a residential cleaning company and was offered to take on a real estate groups houses for move in cleans and showings. (75-150 houses this year) I am meeting with their team on Tuesday and want to be as well prepared as possible. I know a few of the employees already so I'm not too nervous but I want to really wow them. The instructions from the operations manager said "during the meeting the floor is all yours. I would like for you to teach our agents about your business and how you can work with them as a benefit to their clients" I have a decent rough draft already, but would love to gather input from the agents and real estate professionals on this subreddit and refine for my second rough draft. Presentation is only 20-30 minutes with open Q & A at the end. TL:DR What benefit have you found in using a GOOD cleaning service while selling properties? Thank you all very much [link] [comments] |
| Agent knows the seller. Is this a bad thing for me? Posted: 25 Mar 2021 01:10 PM PDT I just started speaking with a Realtor who is showing me my first property soon. I have not signed any sort of agreement yet. She was able to get a very quick appt because apparently it is one of her best friends listings. Is this something I should be worried about? I obviously want her to act in my best interest but I'm sure there are some positives that could come from the situation as well. [link] [comments] |
| Converting room back into a garage Posted: 25 Mar 2021 07:10 PM PDT I am purchasing a SFH in the DC area that has a garage conversion that the previous owners used as a bonus room/family room. The space could use a face-lift....new drywall on walls and ceiling, paint, and flooring. Since the garage doors are still in place (not sure about tracking), I was thinking of possibly turning the area back into a working 2-car garage. While it will lower the livable square footage a tad, it adds back covered parking. I'm not knowledgeable in this field at all, so I have a few questions for the community: Do you think it's worth the hassle (I have no idea what's involved) to reconvert the garage? Would this increase resell value? (Not planning to move again anytime soon, hopefully, so asking out of curiosity) Would I need to get permits for this? And, realizing you never really know what you're getting into until walls start to come down, around how much would this cost? [link] [comments] |
| The most banks can lend out is $800k? Posted: 26 Mar 2021 05:21 AM PDT Just had my real estate agent tell me this In California Is this true for all states? [link] [comments] |
| My dad wants to purchase a house with a granny flat outright with the intention of passing it down. Posted: 25 Mar 2021 11:17 PM PDT We have zero experience with this and so we're looking for some advice and answers to some questions we have about the process. My family will live in the main house and my dad will live in the ADU/granny flat. He wants us to have the house when he passes and is looking to spend are 450-500k •What is the difference between buyers and sellers agents and how does that work with purchasing out right versus the traditional down payment and mortgage route? •How do we find agents that are not associated with some big company?. •As far as agents that are good at finding homes with specific needs like ours, are they all good at it? Or are there agents that specialize in finding homes like that? •As far as taxes and intending to pass the house down is there anything we should look out for or expect with buying outright versus the more traditional financing route? •Are there lawyers that specialize in this situation that can advise us or is that not a typical thing to do? •Is the process of buying outright going to be much different (harder or easier) versus traditional financing and what can we expect to look out for as far as differences between the two. •We are a little confused about the difference between buyers and sellers agents. We do understand that it has to do with when a contract enters the situation. Is the buyer/seller situation going to be much different with buying out right? thanks for any help you guys can give, we're anxious to learn! Edit: we are in Portland Oregon [link] [comments] |
| Posted: 25 Mar 2021 05:28 PM PDT i am about to pay off the house in couple months . i am wondering if i can create a LLC trust or something to not show ownership me and my wifes name . with all data out there, dont want to be searchable. looking for advise and guidance. [link] [comments] |
| What's a typical vs a bad home inspection? Posted: 25 Mar 2021 10:28 PM PDT So I'm trying to close on a house and got the inspection report recently. It seemed pretty bad, but I don't know if this is relatively typical or not. Do the inspections usually find a lot of things? Cause there were alot of things he pointed out as issues, some bigger than others and maybe one or 2 that are red flagish. To give an idea of the worst things, decent amount moisture damage on the outside near windows and doors, a leak in a crawl space and (possibly related) standing water in crawl space, tubs/sink that drain slowly, and some roofing fixes but those are likely under warranty So did I get a dud? Seller definitely isn't going to accommodate anything in this market btw [link] [comments] |
| [MA] Resale value on a house with shared driveway and easements Posted: 26 Mar 2021 03:54 AM PDT Wife and I had an offer accepted on a home in Worcester county in Massachusetts. It has some issues, including no garage and a shared driveway between 3 houses, two in front and one in the back, that we are not huge fans of. In general though, the house meets almost all of the criteria that we had set for our home. We are being evicted and have had a terrible time being rejected on homes where we went over asking and were beaten by people waiving all contingencies. This time, we were actually able to go $14k below asking of $400k and include all of the contingencies in terms of inspection and appraisal. My question is about the shared driveway and easements - I'm concerned that the way the property is set, we are massively hurting ourselves in terms of resale value. All 3 houses that share the driveway are owned by the same family, currently. The deed to our house grants us the right of way to the driveway, which is entirely on the property of the house next door. Because the driveway is curved, the right of way stretches into what would be our side of the lawn by the side of the house so we're restricted on what we can build or add there. On the other side of the lot, right on the edge, there are power lines that go to a utility pole on a corner of our lot. The lines supply power to us and a house behind us, so it cuts across our lawn. Obviously, we think that these are reasons why this house was less competitive and why our bid was accepted. But now, I'm freaking out that in an even less competitive market, we're going to be doing nothing but losing money. We do anticipate that property values will generally keep going up in our area because 1) property values here have risen regularly as we have more development and Boston commuters move out here and 2) it is a really good, quiet neighborhood. Any thoughts would be much appreciated. [link] [comments] |
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