Real Estate: Best Seller Imaginable |
- Best Seller Imaginable
- I feel like HOAs/Gated Communities are going to absolutely plummet in the future
- Entering the silly season phase of the market, sellers starting to get extremely greedy (Bay Area).
- Are Compass bridge loans good? Also, how do I tell a good friend I can’t use them as an agent?
- Working at Redfin
- Do you have to have an open house?
- Building in valley (as in bottom of the hill)
- Lower down payment to accommodate appraisal contingency?
- Pocket listing
- Credit report fee at pre-approval stage
- Week of Disappointing Redfin Experience
- How can I convey in my offer that I don't care when we close?
- Sale falling through at closing, keep EMD from buyer?
- Will small down payments (such as 10%) be considered in this market?
- Land being sold with house, but nobody knows who owns it?
- Need opinions on this scenario
- How much money do you need to make a year to comfortably afford a million dollar house?
- Should I as an Agent, Sue my broker?
- Getting cornered by Builder to use their preferred lender?
- Warped Siding Due to Black Paint
- 2019 tax return backlog, a cash out refi and mortgage
- Best Real Estate Investing Books for 2021
- Buyer pays commissions
- Multiple offers - discrimination concerns?
| Posted: 09 Apr 2021 06:03 PM PDT I bid on a house for $20,000 over list with appraisal contingency. My bid was accepted because of the letter I added. The seller refused to sell to any investors or people that wanted to change the home. They walked away from several better offers, including one from a good friend. And my letter was true, the home needs no changes. It is perfect. The owners did not even consider moving until early February when they found a dream home of a lifetime, an 11 bedroom historic home for 4 generations of the family to live together. Heck, they planted a peach tree at the end of January because they had no moving plans. The inspection came out perfect, which was not a surprise, that home has been upgraded and maintained. The sellers put in $20,000 in new flooring last year. A new roof last year. Did a $40,000 kitchen remodel last year, all Viking appliances. Added incredibly cool custom door a few years ago. At the inspection the sellers left us a personal note, sodas, a tape measure, just really welcoming. But of course there were a few things from the inspection. The pool needs maintenance, evidence of very old rodent droppings, GFCI plug issues, back gate does not latch, tear in screen, a toilet that needs to be secured, a drip in a bathroom. Mostly really minor. We negotiated and they agreed to put about $1200 into the pool and treat for pests, then gave us $2500 in sellers credits for the other stuff. Yes please, that stuff should cost a few hundred. Then the appraisal came back $2000 over my offer. The appraisal did not include the refrigerator. We asked, they said sure we'll leave it (Viking!!!). In total they left us two antique cabinets, a freezer, multiple shelving units, a TV, and of course the refrigerator. At the final walkthrough we met them. They are amazing people. So welcoming. We talked about what we loved about the home, they offered to leave several unique items. They told us so much of the house's history (sent pictures from when they bought it). After closing they had a 3 week lease back. Thankfully they took only 10 days. They kept in contact with us. We loved the sauna, but they hadn't used it in ten years so the sauna rocks were nasty, but they cleaned them. They kept us up to date on every step. They spent the day cleaning it out. Tonight I finally got the keys from the grown daughter. She was just as nice. She lives about 1/2 mile away, contact her for anything. Told us about the lizard that lives in the garage, named Norbert. When I went in, the sellers left a gift, stocked the fridge with beverages, left VERY detailed information. Every business card for any maintenance things they have done. Even left a can of paint to touch up the living room, with a note apologizing that they forget to buy a brush! [link] [comments] |
| I feel like HOAs/Gated Communities are going to absolutely plummet in the future Posted: 10 Apr 2021 06:08 AM PDT When it comes to the values of Millennials, Gen Z, and future generations, HOAs and gated communities simply don't mesh well. I look all around South Florida and I see so many new cookie cutter HOA and gated communities being built all over the place. I'm talking hundreds upon hundreds of these 55+ gated communities, outrageously expensive HOAs where property taxes are easily $6,000-$10,000 a year, etc. Younger generations don't want people telling them they can't paint their house a certain color, can't have a truck on their driveway, can't plant a garden, etc. On top of that these places are insanely expensive to live with little freedom to live. Freedom and independence being a huge focal point for younger generations. Millennials would rather live in cities or outdoorsy rural areas where their houses are unique and not the product of some community that was built in less than a year where everything looks and feels like a pattern. I see a lot of Boomer values and standards disappearing from society everyday with these up and coming generations. What do you think is going to happen when the Boomers pass away and society is left with millions of homes that don't fit the identity of these newer generations? Honestly think about it. I bet the majority of people reading this are in their 20s-30s. Do you see yourself or the people you know around your age living in a gated community or HOA development? It's scary to think about and I wonder if it will lead to a housing crash, particularly "boomer style homes". Because I would bet money that very few people in the future will want to spend the amount of money to live: -In a place that looks the same as all your neighbors -In a place that dictates what you can do -In a place that has extremely expensive property and HOA tax Change my mind [link] [comments] |
| Entering the silly season phase of the market, sellers starting to get extremely greedy (Bay Area). Posted: 09 Apr 2021 07:17 PM PDT Looking in East Bay (Walnut Creek/Concord/Clayton). Started looking seriously in early January so I have about 4 months under my belt putting in offers and viewing houses (8 offers submitted, probably viewed 20 plus properties). At this point I feel like I have a good feel for the market and my last few bids have all been top 3. Back in January through early March, it was buyers acting crazy, tons of bidding wars, paying 20% over list, just wanting to win the deal. However since about mid March, I have noticed a lot of sellers starting to act crazy and expecting "frenzy" prices for their houses. Here are my last four offers... *Offer 1 (March): 4 bedroom asking $820k. We offered $915k and were told we were the highest, however selling countered wanting "best" offer, we stayed at $915k, seller ultimately took the house off the market. *Offer 2 (March): 3 bedroom asking $850k, offered $925k, and were told that we were one of two similar highest offers. Seller countered with $960k and 60 day free rent back. Said no, unsure if other offer agreed but house went pending and yet to see final price. *Offer 3 (March): 3 bedroom asking $850k, offered $960k, unsure of where I stood as there were many offers, seller countered all offers with a price of $1.15m, said GTFO but house went pending and still waiting to see actual closing price. *Offer 4 (April): 4 bedroom, asking $900k, offered $980k, told was highest bidder, seller still countered with $1m and 60 day free rent back, stuck to $980k and agreed to rent back but seller was still angry and took the house off market. I am all for trying to get the highest price for your house but this is turning into a trend of sellers not liking their $100k bids over asking and taking their ball and going home. Mostly I feel bad for their agents who do all the work prepping the house and managing offers, ultimately to never get paid. [link] [comments] |
| Are Compass bridge loans good? Also, how do I tell a good friend I can’t use them as an agent? Posted: 10 Apr 2021 08:07 AM PDT We currently own our home and are looking to buy a larger house. Our plan was to use the profit off our current home for the down payment of our new one, however, the market (Seattle area) is too crazy for that unless we take some risks we're unwilling to do (rent-back or temporarily move to a rental). We don't think we'll be able to find a place in time in a rent-back situation and would have to settle or overpay. We have savings and investments we can tap but also don't want to do that as we'd lose money in the long run by cashing out early. My friend became an agent ~2.5 years ago and I had hoped to use him. However, we're not happy with his fees and how things have gone in the early stages. He doesn't have connections like my previous agent and isn't as well established. He's also offered us a quick pocket listings right out the gate such as selling our current home to a buyer's agent in his office and buying another house being sold in the same office. I understand these pocket listings are attractive to buyers and agents and we're not getting any discounts for it. There's a house that just listed the other day near ours that will give us a great idea for comps as it's nearly identical. The owner will also give me the winning offer details on Monday. The buyer has offered us $10k over list price and my friend says this is a great deal due to the comps and our house being a townhome but I disagree as do others and my previous agent. I've stayed in contact with my previous agent and asked what he's offering. His listing fee will be 2%, no staging fees, and ~$2.5k off escrow fees. In addition he's able to offer us the Compass Bridge Loan where Compass pays all the costs upfront including up to 6 months of the monthly payment. I'm getting more details on Monday about the program but I've done a lot of leg work just trying to find who offers good HELOC programs and bridge loans in the area and it's not been great. We'd have more buying power with the profit from our current home. My friend's fee is 3%, $2-4k for staging....no perks which I understand because he's starting out and needs the money but this is a business deal and a very competitive market. Is the compass bridge loan too good to be true? Has anyone had experience with it? Does it make sense in this situation to use our previous agent at the risk of my 20yr friendship? [link] [comments] |
| Posted: 10 Apr 2021 06:58 AM PDT Hi all, I decided to reach out here since I've been getting a lot of messages in my inbox about my thoughts on working at Redfin. I was a traditional agent before I went here for those who want to know. But I figured I would start the thread and get what I can answered. For what ever specifics tho, I'm happy to talk if you DM me. Happy to help how I can! EDIT: for those who are DM'ing and interested in joining Redfin send me your contact info too. I can get you a sign on bonus (though me) that I would happily split with you! [link] [comments] |
| Do you have to have an open house? Posted: 10 Apr 2021 06:53 AM PDT I work for a Keller Williams, moved back to a big city. I've noticed a lot of dangerous incidents happen with real estate agents and open houses. From just being creeped out to being kidnapped and murdered. I've talk to other women agents and they don't like open houses either. I'm terrified to have one after COVID. Will I be forced to have one? Does anyone know if KW would ever let someone not have an open house? Any safety tips? [link] [comments] |
| Building in valley (as in bottom of the hill) Posted: 10 Apr 2021 05:46 AM PDT There's an opportunity for me to purchase land that is in a valley, pretty much at the bottom of the hill, and build a house there. One thing that I recently thought about - are there any issues regarding contamination? Everything from every surrounding house is going to be washed up by rain / snow and dumped there pretty much. It's an urban environment, so there's likely a bunch of contaminants both in the air and in the soil - things like pesticides and fertilizers used in lawn care, paint - which probably still has lead - used for exteriors of the houses, oil and gasoline from cars and lawnmowers, soot, etc. Any idea / studies related to how big of a difference would a house being at the bottom of the hill be compared to a house that's on the top of the same hill in these terms? Even not considering extreme pollutants, are there other things that I need to consider? I'm thinking increased risk of mold, stale air, less natural light or whatever. Please let me know if you had experiences (negative or positive!) related to these to help me with the decision. [link] [comments] |
| Lower down payment to accommodate appraisal contingency? Posted: 10 Apr 2021 07:26 AM PDT Since I began house hunting I've had the intention of putting 20% down. With waiving the appraisal contingency becoming the norm to win a house, I'm wondering if it'd be smarter for me and my family to put 18% or 19% down to help cover the appraisal gap if needed? I'm hearing PMI isn't that bad these days? How will the lower down payment effect my loan and/or offer? For reference, we're buying in the 600-700k range. [link] [comments] |
| Posted: 09 Apr 2021 01:48 PM PDT I had a small 2000 sq ft SFH built in 2013 in DFW. We tried to sell back 2018 but didn't get the price we wanted. Found a renter that was super nice. 2mo ago we asked them if they wanted to buy it. They agreed and gave them 6% discount for not using a realtor. We didn't make a whole lot but didn't lose either. We're happy the house went to such nice people. We hope to keep in contact with them for years to come. It's their first house ever :D [link] [comments] |
| Credit report fee at pre-approval stage Posted: 10 Apr 2021 09:43 AM PDT Looking to see if this is a red flag or just one of the variations out there in the current real estate climate. I've checked out a few lenders, and at least one of them requires a credit report fee at the pre-approval stage (about $40), and they also give your info to the underwriters at the same time to speed up the process in the event that you move forward with that lender. Now, the cost is not all that much within the scope of the bigger picture, but there's also no guarantee that I'm going with this lender based on the rate they provide and other factors. The person and lender both have good reviews online, so from that perspective, they check out. I'm just wondering if this is something "new" from the last time I shopped mortages many years ago or if this is just a money grab. I'm interested to hear from anyone with knowledge about this, either currently in the industry or shopping for mortgages. Thank you! [link] [comments] |
| Week of Disappointing Redfin Experience Posted: 10 Apr 2021 09:34 AM PDT TLDR; I endured a week full of stress from my sketchy Redfin real estate agent. I am disappointed by him, missed out on several property opportunities because of his lack of effort, and he blamed me for NOT being ready to buy a home. I will never use him/Redfin again.
Last Sunday, on Redfin I scheduled a tour for this property I really liked. I was paired with a real estate agent, which I immediately felt bad vibes from him. He said I get a complimentary house showing and then I have to have a mortgage pre-approval to view more. Understandable. Monday morning - I meet him and tour the property. I loved it! But he kept telling me that because of the market, there's no way I can offer anything below the listing price. I can try..... but it won't happen. I said I'm willing to try anyway because worst case the seller says no or I could hear the counter offer. He presses me to get a pre-approval and tells me he knows a guy who's a mortgage broker he could connect me with. Monday night - My relatives suggested I try Better Mortgage because they're fast with pre-approvals. I do it that night and texted my agent that I'm my way to a pre-approval AND that I would like to see 2-3 more properties just in case. Tuesday - Real estate agent tells me he's "concerned" about my pre-approval choice. Tells me on the phone that big companies like Better Mortgage or Quicken Loans won't be taken seriously by sellers and I should go with a "local" broker like the one he suggested. I listen to him and start the loan application with them. I remind him about seeing the other 2-3 properties, which he makes up an excuse that he's busy. Wednesday/Thursday - I'm waiting on the mortgage people to process my paperwork. I had to text the loan people multiple times "when should I be expecting this call... or this email...." Friday morning - I get a call from local mortgage company that I'm pre-approved finally. But they've been shady about not telling me what my rate or loan amount would be. Also, all 2-3 properties I asked my agent about have been under pending/contingency. I can't see them anymore..... but the first property I looked at is still on the market. Friday night - I kept pressing my real estate that I want to put in an offer for that property. He keeps stalling. Reminds me that I shouldn't offer anything less than the listing. I said it's okay, I'm willing to. This morning - He calls me because I had questions to review before submitting an offer. He squeezes in "by the way, the seller already accepted another offer this morning." My jaw drops. I tell him how disappointed I was in this whole experience and how he did not take me seriously throughout the whole week and I missed out on all 3-4 opportunities because I kept waiting on his mortgage people and on him. He then has the audacity to say "you need to find another agent because you're not ready to buy a house." I said excuse me? I listened to all your suggestions and did everything you told me to do. He put the entire blame on me and never took accountability. I can understand missing out on opportunities from being out-bid and etc, but I felt like this was just a rude/disappointing experience with a real estate agent who did not take me seriously from the start. I couldn't believe he determined I am not ready to buy a house - when this whole time he wasn't putting in any effort AND had some sketchy business deal going on with his mortgage lender. I definitely learned my lesson to not trust this type of agent. [link] [comments] |
| How can I convey in my offer that I don't care when we close? Posted: 10 Apr 2021 09:27 AM PDT Whenever I have offered on a house, I don't really care when we close. If I'm paying with cash, I just want to allow time for inspection, so, sure, I could close in two weeks if that works for the seller. But if the seller for some reason wants a much longer closing, I'm fine with that too. I just want the house at this price, I don't particularly care when. How do I write that into my offers, so I don't get eliminated based on a closing date that is too soon or too far away, from the seller's perspective? Do you ever write a range of closing dates into your offer? [link] [comments] |
| Sale falling through at closing, keep EMD from buyer? Posted: 10 Apr 2021 09:03 AM PDT Hi all, What are the chances that we (the sellers) get to keep the EMD? A couple days before closing, our buyer's lender discovered that one of the buyers has a mystery spouse in another country. So basically the deal is falling through, which means that the purchase of our new house is also put on hold. We were supposed to do a dual closing on Monday. Luckily our sellers are being patient and willing to wait for us to find a new buyer if it comes to it. But my question is, do we get to keep the EMD from our buyers if it falls through? One of the reasons we accepted their offer was because it was cash, but then they changed it to financing after the fact. [link] [comments] |
| Will small down payments (such as 10%) be considered in this market? Posted: 10 Apr 2021 08:48 AM PDT I know usually cash offers are considered, but would offers with small down payments stand a chance normally? We just started looking at homes and were hoping to do a smaller down payment, but with this market... not sure if that's even possible. Thanks! Edit to add: We are in Iowa. [link] [comments] |
| Land being sold with house, but nobody knows who owns it? Posted: 10 Apr 2021 04:58 AM PDT There's a house I am interested in. The current owner and -possibly- the next door neighbors park their cars on this lot of land between them. It's not very big, maybe you could park 5 cars side by side, but then it goes way into a wooded area beyond both houses. I'm being told this land is being sold with the house but nobody knows who owns it or if it's allowed to be built on. Has anyone ever heard of this and what should I know? That sounds very strange to me. My only (uneducated) guess is these people have parked their car on it and maybe have used it and it became theirs? I still have my own additional questions to ask my realtor that I hope someone can also help me with such as, will I need to pay taxes on this additional land? The assessed value that shows up on apps like Zillow is clear the taxes are only for the house, not this big lot of land. The price of the house certainly does not reflect this large lot of land. The additional land looks like it starts right up to the house itself. So if someone ever did build on it, couldn't they build right up to he house within inches of it if they wanted? Probably would be hard to be so close but that's where that land starts. I really like the house but I do not like this strange land situation. I found a term online called "Adverse Possession," is this what this could be? Thank you. [link] [comments] |
| Need opinions on this scenario Posted: 10 Apr 2021 08:41 AM PDT My husband and I are looking to purchase our first home. We make $90k annually together. My husband is finishing his degree online within the next 2 years so the plan is for his income to go up (but I am not factoring that in to be safe). We are looking at buying a new construction condo for $280k, conventional mortgage with 10% downpayment. We have approximately $70k in savings right now and expect to have more towards the end of the year since our expenses are extremely low right now. Our mortgage broker said our payment would be about $1,595 a month (that is including the HOA fee) but it could be less depending on what rates do. Does this scenario seem reasonable? It would be about 30% of our take home pay. My husband has a student loan but we have no other debt. [link] [comments] |
| How much money do you need to make a year to comfortably afford a million dollar house? Posted: 09 Apr 2021 06:12 PM PDT Assuming you have 20% down. If your mortgage is 3,700 a month, a gross income of $200,000 would be suffice under the 28% rule. But using the 3x your income rule, you could only afford 600k. Obviously these rules aren't a great measure of what you can afford, which is why I'm asking here. I also know many people easily bringing in 200k but none of them live in million dollar homes.. So what is a realistic income to support a home of this price? [link] [comments] |
| Should I as an Agent, Sue my broker? Posted: 09 Apr 2021 08:16 PM PDT So... this is a lengthy post but I need some advise. A while ago, my husband mentioned to one of my coworkers that I was a realtor. He was relocating jobs and needed to sell his home. I met up with them, talked over details and they decided on listing their home through me. They were using a relocation company. I was told that their new job pays for the commission, movers, etc. I worked hard for them, even pulling strings with contractors to have new concrete installed in time to list the home. The house sold quickly and there where no issues with closing. little did I know that my brokerage had signed a referral agreement on my behalf. It was signed AFTER my initial contact with the sellers. After closing, the relocation company came back and asked for their 40% refferal fee. I, as the realtor did not agree to the referral fee nor was it covered in escrow. I'm currently fighting my broker who has now threatened to send it to their lawyer for collections if I don't pay it. I do not want to pay it. Is this grounds for a lawsuit? Is my broker in the wrong? I'm about to contact a lawyer and the realestate association for advise. It seems unfair that one of my husband coworkers is being treated as a very expensive referral to which I never agreed too. Just to be clear. It is only by brokers signature on the agreement, Not mine. [link] [comments] |
| Getting cornered by Builder to use their preferred lender? Posted: 10 Apr 2021 06:42 AM PDT Hello Reddit Family, TLDR - Asked to close in 20 days or we could lose our new build construction. Due to pressure, we locked the rate with the builder's lender. How soon can we refinance after closing? Here we go - We are in a very crazy real state market (Austin). Last summer we signed a purchase agreement for new construction to be completed in 9 - 12 months (we never received a firm commit date) along with a 30K earnest money. Starting last month we have been visiting the house and the house is about to be complete. Every week we emailed our sales agent regarding the closing date and we never received any firm date. she always gave us tentative dates which were 45 days out and said we should expect to get some firm confirmation when we are in 30 days window of closing. Fast forward yesterday morning she sent us an email saying we need to close at the end of April and lock the rate by end of the day today. We panicked and called her. Her response was (not exact words) "you have to close on April 30th or I have 15 people in line looking for a house. Your equity on this house has increased 100k in last year so don't risk your house and earnest money by trying to find another lender. Our lender will be able to close on April 30". She is right about the increase in equity (crazy housing market) but that is no way of treating the customer. Long story short - We (also expecting a baby in summer) caved in and locked the rate with their lender because we can not afford to lose this house. The lender agreement does not have any clear info on the refinancing clause. Except for one section it states "Refinancing this loan will depend on your future financial situation, the property value, market conditions. You may not be able to refinance this loan" FYI - the rate is 3.25%. We just want to close and refinance the next month if we get a cheaper rate. Is this reasonable thinking? How soon can we refinance after closing? Thank you [link] [comments] |
| Warped Siding Due to Black Paint Posted: 10 Apr 2021 06:18 AM PDT I'm buying a flipped home, the seller's crew made a rookie mistake and painted the vinyl siding black back in February and the inspection was done shortly after. As things are warming up, the siding is warping and getting worse by the day. I'm set to close on Friday and the seller is being super difficult on our TRR list. I do not agree with the $250 credit for a dishwasher replacement he has offered because there is a good chance an underlying issue is present in the kitchen which needs repairs (old plumbing old electrical, seller had another used one installed since inspections and it's not working in addition to the "fried" Bosch that was originally there). I do not feel like my realtor is on my side either. She is telling me I may not get my earnest money back if I walk away at this point? Is she bullying me? Can anything be done about the new siding issue that has presented itself since inspections? When I told her I wanted to walk away she promised her contractor husband would ensure I had a working dishwasher in my home one I buy a new one... the whole deal has been shady from day one. What should I tell my realtor to get me out of the deal? The 2nd ordered appraisal came back $7000 less than my offer and the seller negotiated the price down but here's the backstory on why I had to order a second appraisal : [link] [comments] |
| 2019 tax return backlog, a cash out refi and mortgage Posted: 10 Apr 2021 06:17 AM PDT TLDR - The IRS has a backlog and our 2019 and 2020 federal tax returns have not been processed. The mortgage lender won't be able to get copies from the IRS, which is probably going to delay the process. Anyone out there been through this? Or have alternative ideas? As for me, the divorce has put me in a bind financially. I am now carrying about 30K of 'divorce debt', and have used the majority of my savings and am living paycheck to paycheck in a rental property. My landlord has decided to sell the property I'm renting, so instead of renewing the lease I need to move. I had already decided to use the majority of my settlement funds to purchase a home, but was going to wait another year or so due to the high real estate prices and lack of inventory. But where we live, it is rural and extremely difficult to find a rental property. With my landlords decision not to renew, my 'best' option is to go ahead and purchase. I found a property below my budget, the listing price was not overly inflated, and I am under contract with a financing contingency. I am losing my mind with worry, because of the IRS not processing returns. I am financially unable to move forward with the purchase until my settlement funds come through. Here is the problem. In 2020, we E-filed our tax return (Married filing jointly) for the year 2019. We used our accountant whom we had worked with for over 10 years. The state taxes were processed within a few weeks. We E-filed our 2020 taxes in March of this year, same accounting firm, and the state returns have been processed. For both returns - 2019 and 2020 federal taxes have not been processed. At this point, 2019 taxes have been stuck in the system with the IRS over a YEAR. Tax advocates have been contacted but they are slow to respond and I read a notice on their website stating delayed returns are not something they can assist with as the return is likely 'stuck' in a queue. My accountant, the tax advocates, and the IRS website says just do nothing and wait as the backlog is worked through. Frustrating is an understatement. Neither my ex or myself have been told anything by our lenders, the typical application process is being followed. The lender has required the 4506 form (gives permission to obtain tax returns from the IRS) and is waiting on the reply from the IRS. If I venture an educated guess, the IRS will tell the lender the returns have not been processed, and the closing will be delayed. Does anyone have any intel on this type of situation, or knowledge of alternative lenders who wouldn't require the 4506 form. Do the underwriters have any leeway when reviewing tax returns? I understand they order the copies directly from the IRS to avoid fraud. Is there a way to get an exception? Perhaps an approval to have the returns be provided through the accountant's office, along with the receipt of E-file, and proof the state returns were processed. Or, what about alternative lending sources? I've read there may be lenders who can move ahead without a tax return, but what I read says they only work with people who are self employed, which is not the case for either of us. Thanks for reading, information ideas are appreciated. [link] [comments] |
| Best Real Estate Investing Books for 2021 Posted: 10 Apr 2021 06:07 AM PDT Property investing is one of the income channels to provide a stable and steady cash flow for the overall of your financial house. It is considered a super good way to diversify the investment portfolio in case the market turbulence and tank. Therefore, Real Estate investing plays a key role to smooth out all of your investments because it can provide a regular capital to help you weather through the most volatile market, you may face in your lifetime. 6 best Real Estate investing books based on my experience and honest review, which you can have a general overview of each book.
[link] [comments] |
| Posted: 10 Apr 2021 06:00 AM PDT For homes in the 200k to 500k range: I've seen a lot of posts about offers above listing price getting rejected. But what about making offers to pay some or all of the realtor commission? Could be 3% to 6% of the home price, or up to 30k. As a home seller that would be more appealing than just an offer above list. [link] [comments] |
| Multiple offers - discrimination concerns? Posted: 09 Apr 2021 07:40 PM PDT Agents - in the current climate, when you have multiple offers in a short period of time, how do you narrow down to just one? Let's say you get 50 offers in one day, and throw out all that need financing, and are left with 15 cash offers, where does your selection process take you from there? Loan officer here, just been wondering how you guys can avoid claims of discrimination for one buyer over another... Thanks! [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