Real Estate: Is there anything else I could do to make my offer more attractive? |
- Is there anything else I could do to make my offer more attractive?
- I Give Up
- Apple in NC. Expect the market to get worse
- Humor for Real estate right now
- “Real estate disruptor sues to break insiders’ commission-pumping scheme”
- Long time looking in rural area.
- Is it unreasonable to be annoyed that my realtor won’t put in an offer in this situation?
- Advice for other sellers/needed vent - buyer request to take measurements before closing
- Buyers camp out for new townhomes In Santa Clara https://www.nbcbayarea.com/making-it-in-the-bay-2/buyers-camp-out-for-new-townhomes-in-santa-clara/2527447/?fbclid=IwAR1WWd6gB7eFM9M6i1c_oloptLIx6E6lqQp7kN86TKnfGMyCimrx_ucxR3o
- Advice needed when working with Family
- Short Sale delisted
- Home Appraisal Falling Short
- Keep the houses or sell houses
- Should I sell or wait?
- If I'm buying the house I live in and have been taking care of utilities while we have been renting, do I need to transfer anything after we buy the house?
- Found my own off-market house, but have a contract with buyer's agent. Best way to work this?
- Is it better to buy your house or rent to own?
- Texas Veterans Land Board, are the veterans only sales a good deal?
- Bought two years ago for $217.5K with $38K down payment. Need to move. Could sell for $210K or rent for right around what I pay in mortgage. What do to?
- Potential buyer agent gave keycode and allowed house to be shown without their presence
- Would you buy a $2M home in a $1M neighborhood?
- Do we need a new real estate agent?
- (USA) (VA) Considering home purchase - house is priced 80K more than it is worth and needs new roof
- Put in an offer to buy a major fixer-upper with no contingencies. Is this completely nuts?
| Is there anything else I could do to make my offer more attractive? Posted: 26 Apr 2021 03:57 AM PDT Went and saw a house we LOVED last night . Suburbs of central/east massachusetts. List price 500k (3 bed, 2.5 bath, 2100sqft, pool) We really loved the house and neighborhood. The house was listed at 10am and apparently had bookings starting at 11am ALL day 🙈 Our offer was 540k, with escalation up to 2k over highest bid to 565k, cover 20k appraisal gap, waive inspection, 10% down and we have a conventional loan. We also have nothing to sell. I felt like this was a pretty aggressive offer but my realtor was not sure it would be good enough (but also didn't really offer advice on how to make it more attractive?) Thoughts? [link] [comments] |
| Posted: 26 Apr 2021 07:12 AM PDT My fiancé and I have been continuously searching for so long now. We just got declined on our 5th offer. 4 house offers decline + 1 condo offer rejected because the seller was buying more time by trying to get the questionnaire answered. How do you sell a condo if you don't know those answers already like give me a break. He was treating us as a "backup" offer and wanted to list for a few more days. Anyways...yeah it's impossible for us to compete. We have a $400k conventional approval with 3% or 5% down. We don't want to add extra money to the offer as we need whatever we have in the bank for furniture and what not. We have tried adding weird clauses offer that kinda waive inspection but still give us an out, nothing works except for people that are waiving in completely. We decided we are exhausted from all this and will be taking a break. It's creating a lot of stress that is interfering with our jobs. People keep telling us more will come on the market during the summer months when schools out so I can only hope. Good luck everyone! [link] [comments] |
| Apple in NC. Expect the market to get worse Posted: 26 Apr 2021 08:01 AM PDT https://www.cnbc.com/2021/04/26/apple-announces-1-billion-north-carolina-campus.html This is going to ruin the locals pricing them out or RE market.. [link] [comments] |
| Humor for Real estate right now Posted: 25 Apr 2021 10:37 AM PDT My wife shared this with me. It seems mostly accurate for the times. https://www.tiktok.com/@johnsonfiles/video/6952930617298291973?sender_device=mobile&sender_web_id=6954979870050338309&is_from_webapp=v1&is_copy_url=0 [link] [comments] |
| “Real estate disruptor sues to break insiders’ commission-pumping scheme” Posted: 26 Apr 2021 09:05 AM PDT |
| Long time looking in rural area. Posted: 26 Apr 2021 08:13 AM PDT 1st time buyer. Im in a very rural part of maine. Over a year of lurking on zillow, driving around searching, and asking locals for leads. I finally found a place worth looking at in person. Do i try and get pre approval from a lender ASAP? Or is it too late (48hrs before we go look at it) is this as important as it seems? Rural market moves allot slower than the crazy markets i read about on here. [link] [comments] |
| Is it unreasonable to be annoyed that my realtor won’t put in an offer in this situation? Posted: 25 Apr 2021 02:16 PM PDT My realtor showed me a house this week that was close to the top end of my budget, but she knows I'm preapproved for quite a bit more. I said I'd throw in an offer 5% over (30k) and waive contingencies and she wasn't even willing to throw it in because she said it wouldn't be competitive if it wasn't at least 70k over. I figured my offer would not be enough anyway, but it rubs me wrong that she won't even try. I've placed one offer with her already and it was top 2 out of 15 offers and 5k lower than the sold price, so it's not like I'm totally clueless in what to offer in this market. I know things are absolutely insane but I have a limit I'm not willing to compromise on. It seems like she's trying to stretch my budget since she knows I can technically afford more according to the bank, but that's just not in my comfort zone. Is it unreasonable to be annoyed here? I honestly think I'm going to sit out of the market for a while because things are just too out of control for me right now. [link] [comments] |
| Advice for other sellers/needed vent - buyer request to take measurements before closing Posted: 25 Apr 2021 02:47 PM PDT Hi all, just had something happen to us today that I wanted to share so no one else falls for it. We're in the process of selling our home and buying another one. Our buyers agent asked my agent last week if the buyer could stop by to take measurements. Wanting to do a similar thing myself at our new home, we accommodated and said yes they can. The buyer showed up, with the realtor and mother. The realtor had a shocked look on their face to see I was home. It was very quickly evident this was not a "just take some measurements" visit and was clearly the first time the realtor and the mother had seen the place. To their credit, the did actually bring a tape measure but was just used for show in one room as the measurement the realtor did was at an angle and about a foot and a half short of the wall, and clearly not "18 feet" (wall is maybe 7 feet). They also forgot to write down the measurement so unless they're a savant, it was of no help. Lots of whispers/soft talking occurred in other rooms with responses from the realtor along the lines of "I'll see what I can do", and open discussions overheard from them regarding water intrusion (we've had none). They went upstairs and can hear the mother asking "we can make them pay for professional cleaning when they move right?" Followed up by saying loudly, assuming so I can hear, "wow, I just love this house!" By the same person asking about the cleaning request. My realtor seemed surprised this was going on as the request to her was "for measurements". I was assuming like we wanted to set up, we'd schedule to have Home Depot go and measure the floor of rooms where we wanted to replace the flooring and that's it. This was clearly a showing/inspection. Mind you, we're a few weeks away from closing and have a signed P&S so I think I'm OK from a renegotiation standpoint but if you allow your buyer to see your home, make sure you ask exactly what they intend to do there. They lingered for about 20 minutes in their respective cars in the parking lot and I had to go somewhere so I removed the key from the lockbox on the doorknob as I think the realtor had the code, just in case. I could also hear every drawer of our dressers were opened and closed as well; this also happened during our showing. Am I in the minority that think opening someone's bureau drawers is a bit much for a showing/open house let alone a visit to "take measurements"? [link] [comments] |
| Posted: 25 Apr 2021 11:58 AM PDT This reminds me of Black Friday of 2005 when I camped in front of Circuit City for 10 hours just to get a 2GB USB for $30 [link] [comments] |
| Advice needed when working with Family Posted: 26 Apr 2021 08:29 AM PDT This might not be the right place to ask, but my wife and i are trying to sell our home. Well my sister is a real estate agent as a side job and we asked her to help us sell. We didnt hear anything for 3 weeks after we asked her to come up and assist, so now we are going to go with a local agent who is full time for the buying/selling process. The new agent came over the next day to walk us through options and assist with the selling process. My sister has only sold 4 houses in her area which is a rural area compared to our city area an hour north of her. Are we jumping the gun if 'firing' my sister, and how do we go about telling her? This whole situation has me on edge. [link] [comments] |
| Posted: 26 Apr 2021 06:01 AM PDT Hi all, I have been reading and learning a lot here and now have a question about a short sale. I found the home back in February 2021, it had been listed since August 2020. By the time I inquired they told me they had already signed a notice/settlement and where in the beginning stages of negotiations. I moved on but then saw it listed again. Every two weeks or so the status changed from pending to active, I called again and was told that it is done that way to keep the home active. Now, I checked mls/Zillow/Redfin yesterday to see what was new on our local market. The home is active on Zillow and Trulia, delisted on the mls website, and does not show up on Redfin. My question is, what does it mean when a house is delisted? Can the bank reject a sale even after a notice of settlement has been signed and filed with the county clerk? Is there any chance of us coming in? I told my realtor and she didn't seem too eager to find out what was going on, told us a short sale takes time (we need to renew our lease anyways since we didn't find anything, so that wouldn't bother us) Thanks!! [link] [comments] |
| Posted: 26 Apr 2021 04:24 AM PDT Looking for advice, We purchased our home in 2017, when it appraised for $425k. Over the course of the last 4 years we have done the following: 2000sq/ft paver patio with gas fire pit, Covered outdoor kitchen, Inground heated Pool/hot tub combo, Updated kitchen and all three main baths, Finished 1200 sq ft basement with home gym/extra bedroom, Added 1.5 baths total to home, Insulated/Finished side garage with full built in work shop and bathroom/separate laundry for pool use. We just had our home reappraised to do a refinance with the bank and it come back at $457k. Only a 28k increase. (We spent that alone on the aluminum railing around the pool 😅) Needless to say their appraisal seems a bit lower than I was expecting (520k ish) The comps they pulled ranged from 400-565. Wondering if I should just accept the defeat or ask for a second appraisal? When the guy was here I feel like maybe he thought all the changes we made were already part of the house in 2017. I just can't believe if we ever had to sell our home someone would get ~400k worth of upgrades essentially for free. [link] [comments] |
| Keep the houses or sell houses Posted: 26 Apr 2021 10:16 AM PDT my parents own 3 multis, and 2 singles and make around 4,500 dollars in profit every month , wondering if its a good idea to keep purchasing in enfield ct area or move somewhere like Texas and buy property there and maybe even sell the property here. [link] [comments] |
| Posted: 26 Apr 2021 10:14 AM PDT We planned to sell our house and build in a couple years when lumber prices settled down. With the way the housing market is, we are tossing around selling our house now, and renting for a year or 2 (would still see a profit even after rent expenses removed). The potential problems I see- (1) no rentals big enough to house 2 young kids, me, hubs, dog and cat and (2) we end up renting in a smaller, crappier place for a year or 2 for nothing because lumber will still be stupid expensive in 2 years. Thoughts?? Should we just wait to sell until we build or risk it now? [link] [comments] |
| Posted: 26 Apr 2021 10:11 AM PDT We've been renting from my parents and are in the process of buying the house. We take care of all utilities though I assume they're in my parents' name. Will we need to transfer anything when we purchase the house or do we continue to pay what we've been paying? [link] [comments] |
| Found my own off-market house, but have a contract with buyer's agent. Best way to work this? Posted: 26 Apr 2021 06:17 AM PDT Hi all, Signed exclusive broker's agreement until 5/31 with buyer's agent. Super nice guy and has shown me a few houses. Hasn't done any insane amount of work, but still has done work. So far nothing has panned out with 2/2 offers that didn't win. My aunt is looking to move and is willing to sell to me. Her house checks all the boxes. I could wait until 5/31 and save 3% and just use an attorney possibly, or ask my agent to reduce his fee after the current contract expires to handle just the back end of the transaction. What do you all think? I appreciate my agent and the work he's done, but if I find the home myself I don't exactly want to pay him 7K to be a "closing coordinator", especially with a timeline that isn't a big deal (don't have to rush to closing on this). Thanks in advance. [link] [comments] |
| Is it better to buy your house or rent to own? Posted: 26 Apr 2021 09:49 AM PDT My boyfriend is all for rent to own but I want to buy a house, which is best? What are the pros an cons of buying a house and rent to own? Is buying a house better in the long run or rent to own? We've been arguing about this for a while now and I need your guys advise. Any help or knowledge is greatly appreciated, thank you. [link] [comments] |
| Texas Veterans Land Board, are the veterans only sales a good deal? Posted: 26 Apr 2021 09:20 AM PDT Are the land sales on Tx VLB a good deal? The financing seems terrible, but are the prices on the site a good deal as only veterans can big on the land? Has anyone bought land from here before? https://vlb.texas.gov/land/index.html . . [link] [comments] |
| Posted: 26 Apr 2021 09:00 AM PDT |
| Potential buyer agent gave keycode and allowed house to be shown without their presence Posted: 26 Apr 2021 08:50 AM PDT I am mad but should I be more pissed off? Any advice? I don't want people viewing my house without their agent present. [link] [comments] |
| Would you buy a $2M home in a $1M neighborhood? Posted: 25 Apr 2021 05:38 PM PDT So we have a $2M+ budget in SoCal. There is one particular neighborhood we really want to be in, but even at this budget, after ALL the houses we've seen, what you're getting is an "smaller, older, not-so-nice" home. So we have been looking elsewhere. One town over—still a beautiful town, just not as prestigious as the first town—we found an amazing house, completely renovated, probably the nicest house we've seen in our budget over the past 8 months. It's listed at $1.9M. The thing is, all of the OTHER houses on the same street and surrounding streets are not nearly as nice. They are smaller, not updated, and Zestimated to be around $1.2M-ish. The one we are looking at is ~500 sq. feet bigger, 1 additional bedroom, completely (and beautifully) renovated, with the nicest backyard setup we've seen. And is priced accordingly. But I am having a hangup about buying the most expensive house in the neighborhood. Would you buy a $2M home in a $1M neighborhood? [link] [comments] |
| Do we need a new real estate agent? Posted: 25 Apr 2021 09:48 AM PDT We found a property about two weeks ago on Zillow for sale by owner and sent it to our real estate agent to inquire about. Our agent came back saying the owner says it needs a decent amount of work etc etc and our agent advised we should pass. We didn't think much of it and moved on. We aren't opposed to a project just not looking for something with too much work. The house was priced under market value at $658,000 for the View Park neighborhood in Los Angeles. Yesterday I'm scrolling Zillow and the same house is back on the market now priced at $810,000 with our agent now as the listing agent. Did we just get played? Should we fire our agent? This is our first time buying a home and we're going through the Teacher Next Door program which originally felt like a benefit because they pair you with a mortgage company, agent and give about $4,700 in closing cost help. Now it's starting to feel like this isn't the best option. In general the agent hasn't done much with sending us properties. Everything we've toured has been stuff we've sent and they just set the showing up and now this. Are we better off actually hiring an agent and shopping other mortgage companies? The closing cost help doesn't change our buying position it was just an added benefit. [link] [comments] |
| (USA) (VA) Considering home purchase - house is priced 80K more than it is worth and needs new roof Posted: 26 Apr 2021 08:06 AM PDT Good Morning, Currently stressed potential homeowner here. I submitted an offer on a home in a great, very competitive area that was accepted. The home is currently overpriced by 80K and after the home inspection it was determined that new windows and a roof are needed. The current home owners declined everything and countered with a $200 credit. Considering the market and what I believe to be inflation, is it worth it to jump into this or will I be under water immediately? Or, is this just what the market is now, I'm also concerned that I will be priced out if I wait a year. Any advice would be very helpful. More information: A new roof on this house will cost in the ballpark of 8-9K. I have the cash for all the repairs needed and handy enough to fix the smaller things the house needs. Thanks! [link] [comments] |
| Put in an offer to buy a major fixer-upper with no contingencies. Is this completely nuts? Posted: 26 Apr 2021 07:55 AM PDT A house came on the market 5 doors down from me for $700,000. It's a major fixer and the current tenant is a hoarder. There is tons of trash everywhere, so it's difficult to see the full scope of the condition. However, it's in a great neighborhood and has incredible city views. The house has a ton of potential and upside. Fixed up comps sell for at least $1.3-1.4M in the immediate area. It's a 3 bedroom + 3 bath with a den that could be used as a 4th bedroom. 2000 SF on a 6000 SF mostly flat lot in LA. I did a quick walkthrough of the home and while it's a major fixer, I don't believe it's a teardown. It was built in 1941 and seems to have good bones. It probably does need to be mostly gutted, but layout is good. I've done 1 major renovation on a home and I'm a realtor, but I'm not a flipper, investor, or developer. The agent says he already has over a dozen offers and I know it will sell well above asking. We put in an offer for $750k, all cash, w/no contingencies. I know we can't win on price, but we have a good shot of winning the deal based on terms (no contingencies.) Our only condition is that we will close within 3 business days after property is vacated. No leaseback. When the house is fixed up, it should rent for around $4500-5000/month. Based on my last conversation with the realtor, I feel like I have a decent shot of getting this offer accepted and I'm nervous as hell. My biggest fear is that the house turns out to be a tear-down. My intention is to determine this fact during escrow and if I cancel, I can potentially lose my 23k deposit, since I have no contingencies. I'll have about 100k left over for renovations. I know this won't be enough, but can tap into a home equity line of credit on my current home to complete renovations. I'm estimating the house will need at least $250k-300k to make it decent and rentable. Does this seem like a decent deal or am I insane? (UPDATE: Got cold feet and withdrew the offer before seller's agent notified anyone. Feels too risky without an inspection contingency.) [link] [comments] |
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