Real Estate: My neighbor excavated my property without permission |
- My neighbor excavated my property without permission
- What should I expect for $54,000 from a real estate agent?
- Seller wants to stay in home after closing
- Stick it out, or send 'Time is of the Essence'?
- Did anyone else get super anxious around time to submit offers or close? How did it turn out for you?
- My home buying urgency has decreased since finding out I am to return to the office in July.
- Proof of Income?
- I posted in here a week ago about putting in a backup offer...
- Got screwed over - a buyers perspective
- Offerpad and Opendoor the same company
- Is this market making you pickier?
- Minor rant on listings
- Need advice.
- If a seller refuses to vacate a property upon closing and funding. What are some options?
- I just did my final walkthrough and seller didn't make repairs as stated in due diligence and agreement
- Lost land due to River course change
- Gifts from your realtor
- Lease length
- Is it worth getting a license?
- Square Footage Question
- Master spreadsheet / list like a Q&A for me (buyer), builder, seller, neighbors??
- Market Data?
- What can I do to educate myself and sell FSBO in 2 months from now?
- First time home buying questions
| My neighbor excavated my property without permission Posted: 16 May 2021 07:35 AM PDT I own a wooded lot on a private lane in Utah. The water main and 4 lateral water lines lies on my property. The utility easement recorded lies on the south line of my property running east and west. One of the lateral lines belongs to my neighbor to the North/East. His line broke so he took a full size excavator through the dead center of my property and leveled everything in its path running north and south. My once dense yard became a highway for a trench to put in his new line. There is no recorded easement for him to do what he did and there was no conversation or handshake over the fence granting permission. He claims he has the right to do that bc of a prescriptive easement and an easement by necessity. We feel completely violated and are devastated that he leveled about 30 trees and thick underbrush that can't be replaced. He's not even willing to replace any of it if it could. It appears he put a new water line in where it was the most convenient for him. Not even where the previous line was where these houses were built in the late 70's. In my title report there is no documentation for this issue. What do I do? [link] [comments] |
| What should I expect for $54,000 from a real estate agent? Posted: 15 May 2021 03:21 PM PDT I have a house that's probably worth around $900,000 in today's crazy market. I'm aware that when people sell houses they typically compensate their agent 6% of the sale and their agent typically splits that commission with the buyer's agent. What should I expect my real estate agent to do for me for $54,000? [link] [comments] |
| Seller wants to stay in home after closing Posted: 15 May 2021 01:19 PM PDT So I am buying a house and we are due to close on May 28th. But the seller needs the funds from the sell of their house to close on their new house. My realtor just told me this today and the seller wants to have 4 or 5 days after closing to move out. I personally don't like this. I wouldn't buy a car, pay for it and then let someone keep driving it for awhile. The contract doesn't mention this and has it written where the keys are delivered at closing. So my question is, what would you guys do? Should I stick to my guns and require the keys at closing? I feel like if they have any issues with closing on their new house then they will just refuse to vacate my property and I don't want to deal with that. Thanks in advance. Edit: Thanks for all the great replies. We are going to stick to the contract and make sure the house is vacant on closing day. It's their problem to find a place to stay. Now I just wonder if they will break the contract by not being ready for closing by the 31st (Latest date in the contract for closing). If so, I hope I can get my appraisal and inspection fees reimbursed without having to go to court. [link] [comments] |
| Stick it out, or send 'Time is of the Essence'? Posted: 16 May 2021 07:09 AM PDT I'm in the process of selling a property in upstate NY, and my buyer had chosen am out-of-state online lender (a decision we both severely regret), that has been costing us many weeks of delays, and has made the buyer homeless due to their lack of ability to meet deadlines and her lease running out. This deal has been drawn out for a while, as we had some work done (that we had already committed to), as well as improvements to support an FHA loan. Before anyone says it, I know our principles have cost us, but the goal was to do what we could to support a single mother FTHB. That being say, this lender has eaten up all of our patience and goodwill. The last 6 weeks have literally been waiting for final approval, the 'clear to close', and scheduling. I'm told from the buyer's attorney that there is no issue, just indifference and incompetence from the lender. The latest deadline the lender gave was tomorrow for scheduling a closing date. We're planning to tell our agent that we will be sending a 'time is of the essence' letter Tuesday if that doesn't happen. If the deal falls through, we'd be happy to restart with this buyer at a local lender ASAP, but this feels like the Nuclear Option. Should we just wait and see longer, or force it along? [link] [comments] |
| Posted: 16 May 2021 08:41 AM PDT I'm definitely a textbook over thinker and can get really anxious about things. I've found that while desperately searching for a home to get out of my apartment, suddenly, when it comes time to put in a offer, all of the sudden I get that anxious out of the stomach feeling and the things I complained about with my apartment - like having people living above and below you, not having much space, etc - just become "not a big deal". I'm an emotional person and I tend to get very attached to where I live so that complicates things. Like, it's not just an apartment unit to me, it's home. I love my apartment, I love the view, I love the neighborhood. I know the homes I'm looking at could be home too, but man it's tough. [link] [comments] |
| My home buying urgency has decreased since finding out I am to return to the office in July. Posted: 15 May 2021 01:52 PM PDT Like many others, I have been working from home since the beginning of this pandemic. My husband and I are FTHB and while we've always talked about buying, we didn't really start looking until December of 2020. To put things into context, It wasn't so much about being home that was the driving motivation for us but more so that we didn't realize how incredibly noisy our surroundings are being home all day. I will spare you the details, but the noise has been slowly driving me insane and created desperation to find a home elsewhere. Now that I have a calendar date to return, I am finding that our desperation and urgency to buy now has dissipated and we are okay with waiting and saving more money to buy. Has anyone else experienced this feeling? If so, could we see a decrease in demand if the majority were to return to in-person work? [link] [comments] |
| Posted: 16 May 2021 06:38 AM PDT Need some advice for an answer I can't seem to find online: I'm looking to move into an apartment with my girlfriend, who just got a salaried job in Massachusetts. I've been working from home for the past year for a job based out of NYC, and am looking to quit prior to finding our apartment, with a lease beginning ideally at the beginning of September. Will a landlord accept that only one of us is making a salary at the time of us hypothetically signing a lease? I have plenty saved and can easily afford to cover our security deposit, as well as first and last month's rent, and then some. I'm worried that quitting my job now will make it impossible to find an apartment unless we are both employed at the time of signing. Thank you! [link] [comments] |
| I posted in here a week ago about putting in a backup offer... Posted: 15 May 2021 04:06 PM PDT And we close on the house June 10! The original buyer got the house inspected and wanted the seller to fix some items or lower the price - seller got cold feet and backed out and went with us instead! House needs a ton of work - new roof, siding/wood rot repair, new kitchen, mini split a/c installation and some other stuff but has a lot of original details from 1890! Will be a great house when we are done with the repairs! [link] [comments] |
| Got screwed over - a buyers perspective Posted: 16 May 2021 08:42 AM PDT After a disastrous 2020 and failed, close attempt to purchase a home last year, my spouse and I recently got back into the market and put in an offer on a home. To our amazement, it was accepted. We were thrilled. Like everything else right now it was overpriced but we were happy with it and seriously in need of a bigger place than our 1 bedroom apt, so we can finally start our family. Contingencies were inspection, financing, and appraisal. 20% down, a strong offer by some standards (but maybe not in this market). We paid $500 for an inspection, went well, everything was moving along. Our attorney reviewed the contract and we signed/provided down payment. Unfortunately, our attorney did not move very quickly, and we had to wait several days to speak with him on the phone to do contract review. I think this is where we ran into most of our trouble. We asked if they could do this sooner, but they couldn't. We considered trying to switch attorneys but decided to stick it out, ultimately. Meanwhile, the seller continued showing the house after having accepted our offer and while we were working things out through our attorney. When we had our realtor inquire about why they were doing this, the seller assured us they were only showing for backup offers and would sign the contract with us the following day. Stated they were "not working with any other buyers and committed to going with us" The following day our attorney called us and said he just spoke with the sellers attorney, and that they will be signing that afternoon. 1 hour later, we got a call from our realtor, the seller got a higher offer over the past weekend and were asking us to come up on price and drop the appraisal contingency. I can't remember being more pissed off in any recent time in my life. The terms were unacceptable for us and the deal was dead. Through our realtor, we demanded our money back for the inspection. The seller's agent apologized for what the seller did to us (she unsuccessfully tried to talk him out of it). Thankfully, the seller at least gave it back. Just a warning to other buyers, be ready to move much faster than we did, or you could lose your deal if you're working with an dishonest seller. We don't know what we're going to do now with the market as insane as it is. Apparently sellers asking buyers to drop appraisal requirements is becoming commonplace now. We certainly will be going with a faster attorney next time. Best of luck to all buyers in this market who are trying to stay sane. [link] [comments] |
| Offerpad and Opendoor the same company Posted: 15 May 2021 06:52 PM PDT I requested to sell my home through both. I received confirmation emails for a virtual walkthrough from both. However, the contact person was the same. I even responded to an Opendoor email asking about my appointment and she replied. She also replied to my Offerpad emails. I'm so very confused. [link] [comments] |
| Is this market making you pickier? Posted: 15 May 2021 07:29 PM PDT I can't figure out if it's the market or if we are just picky. We are in the Dallas suburbs and moved here from suburbs of a very different state. In our old suburbs, homes were built in the 1960s-1990s and you'd find all styles and sizes of homes in each neighborhood on 1/4-1/2 acre lots. Here in Dallas the suburbs all have similar cookie cutter looking homes crammed close together. If you want a bigger half acre lot it usually has a giant (4000+ sq ft) home on it and is therefore expensive. We want a modest sized home on a 1/3+ Acre lot, and it seems impossible to find. I can't tell if we just want something that doesn't exist, or if the prices in this market are making us be extra picky. Like if things were cheaper we'd just get a bigger house and grow into it or we'd settle for a small house and small lot because it would be cheap. [link] [comments] |
| Posted: 16 May 2021 09:21 AM PDT Ok... In my personal opinion it's bullshit that known major flaws and the like don't have to be disclosed in public listings. I scheduled a tour for a perfect house in the perfect location for me... Only to find out then that they've had a structural engineer's report for months saying that the floor joists are rotten (and incorrectly installed). That sort of thing should be in every public listing - redfin/Zillow/etc. /Rant [link] [comments] |
| Posted: 16 May 2021 09:17 AM PDT So my family and I moved from one of NYC's borough to a suburban area we thought it will be our small paradise with excellent schools. We are not rich people and we were lucky enough to win a lottery for an affordable unit in one of Westchester, NY condominiums. Little did we know that our dream will turn into a nightmare. The building is has only 2 story. From the first week after the purchase we noticed that the upstairs neighbor didn't have any carpets on her wooden, squeaky floors. We also noticed constant races, which we found out later that it's the 4 cats that she has. We addressed the issue with her and we were even willing to pay for her new floors or carpeting to which she first agreed to but later denied. Her father knows all the board members and this I believe makes her feel invincible. We contacted the board of the condo and they came and inspected and ordered her to install carpets. In the meantime we decided to go with soundproofing our celling. We had already obtained the permission from the board and the contractor was ready to go all until the management office called him the day before the work was scheduled to start and said that he shouldn't start the work. Interestingly that same afternoon the person from upstairs had people to come in and install carpet. She's claiming she has allergies so she only installed carpet in select areas of the unit and not through out, even though the House Rules state that carpets should be installed in 80% of the apartment including staircase. All this happened in 2019 until today the board didn't come and inspect her apartment for carpets nor to our knowledge addressed the violation of House Rules regarding the 4 cats (2 are allowed). This woman who claims to be a teacher in one of the public schools in Yonkers, NY is making our lives miserable. She moves furniture and vacuums religiously 4, 5 times per day starting at 7:30 am even on the weekends. Since she works for DOE she has summers off so even through out Summer Vacation my kid is forced to wake up to her constant furniture dragging and vacuuming every morning at 7:30am. Another torture she practices on my family is whenever she's in the unit or not she leaves music playing in the apartment. She's taunting us even if she leaves the apartment. The building has no insulation so we are able to hear all of her music. My family and I whenever we get a chance we go away just to be able to avoid the madness. My daughter wears her headphones when she plays games or watches tv in order to not disturb. I'm constantly working and my wife since Covid-19 started is finishing her school online. [link] [comments] |
| If a seller refuses to vacate a property upon closing and funding. What are some options? Posted: 16 May 2021 09:16 AM PDT If a seller refuses to vacate a property upon closing and funding. What are some options? If a buyer is flexible for a move-in date, then buyer's agent may able to provide some options including offering sellers a temporary lease (with buyer compensation). Your state real estate commission regulates length of a temporary lease. However( in most states), if sellers do not vacate by closing and funding, then they are considered in default and buyers can exercise remedies under the contract and state laws. Even after a contract is executed, parties can make a mutual agreements (within context of the law) by signing an amendment to the sales contract. The key point in a contract amendment is that both parties agree and the terms (and compensation if applicable) are clearly outlined within the amendment. [link] [comments] |
| Posted: 16 May 2021 09:08 AM PDT So today I went to do my final walkthrough and notice that the seller fail to do repairs In the agreement says That he will fix the entry doorway wood decay and replace or fix the door Seller try making repairs himself put some mude on walls and didn't paint them all around the house also try covering to big holes from outlets no longer there and it looks bad he put new paint around and on it it The house was dirty full or dog hair and did some damage to the floor when moving out Entry way and door still needs to be replaced, my realtor said he will to the the seller agent so he sends a General contractor for a quote and depending on that well request some money for repairs. Is this the best way to go ? What are my options [link] [comments] |
| Lost land due to River course change Posted: 16 May 2021 08:56 AM PDT Hi Reddit, I have five acres and half of it is on the other side of a small river. I bought the property as five acres with the understanding that the part on the other side of the river was still legally mine but as I am going to sell the property the title company is saying it looks like the city has taken over that land and is part of some public utility land now. Is there anything I can do or is it just gone? [link] [comments] |
| Posted: 15 May 2021 11:12 PM PDT Hey there FTHBs and veterans and fellow agents...I just closed a few deals and need to send some gifts to my clients. One is a FTHB. Another is an investor buying their 2nd apartment in a bldg. The 3rd is the seller of said apartment. All are my clients. Wondering what you guys think would be good gifts? Honestly even good gifts in general. But to be more specific: FYI im making bitters for the seller bc he said he has too much whiskey already. But I still need a solid gift. The FTHB home is hooked up with all the amenities...but they were renting a furnished place I put them in years ago. Do they need pots & pans or a Raymore & Flanagan gift card? The investor is prob going to become a long time client. Doesn't drink, texts me at 630a. [link] [comments] |
| Posted: 16 May 2021 04:59 AM PDT Hello there ya'll! Recent I went to tour an aparment for a mid august move in date. I know its way too early for most places but this particular apartment will be finish being built at that time (an upgrade from current place ive been living). I specifically asked the office worker what are lease lengths I can do and was told 12 months all the wTay to 15 months. Price will not change if were to go with a longer lease. Thats no worries on my end there. I rarely like to up and move so when I applied, 15 months is what i put down for lease length. Friday I got the welcome email but notice the office changed the lease length to 13 months. Yesterday I got an update and once again the lease length changed from 13 to 12 months. I'm definitely going to ask about it before signing anything but I cant help to think they are giving me a turn around because I'm a young adult. My boyfriend doesn't think its that big of deal but to me if i was told i would be able to do a 15 month lease (i applied day after tour) and for that to be changed on me twice seems fishy. Love the place but hate to being out right lied to like that. [link] [comments] |
| Is it worth getting a license? Posted: 16 May 2021 08:02 AM PDT lets say you have 2 transactions in the 500K range over a 5 year period. You are either on the seller side or the buyer side but doing it for yourself and 1 may be for a friend in a buyer's market. What are the downsides to acquiring and maintaining a license vs leaving it to the so called professionals every time with absolutely no interest in doing it as a gig? Could you save yourself by not hiring an agent when you are a seller and take very low commission if you are the buyer? I went through 4 transactions in the last 10 year period or so and it seems pretty much same thing high level except for few more forms at closing and lending. [link] [comments] |
| Posted: 16 May 2021 07:48 AM PDT This is something I noticed when browsing one day about the listing of the house we offered on and got accepted. The listing was for 2,000 square feet. They list the dimensions on every room as a "length x width" rectangle. I am only calculating 1,250 square feet?! I read online you multiple this by 1.3 to account for closets and what not? They have the "great room" listed in the basement, which is finished. Which calculates up to 2000 square feet. Super confused. Am I missing something? The above ground livable space literally says 2000 square feet on the listing but I cannot seem to calculate this. It says finished ab sft 2000 Finished basement sft 1000 Sft total basement 1500 Sft combined 3000 [link] [comments] |
| Master spreadsheet / list like a Q&A for me (buyer), builder, seller, neighbors?? Posted: 16 May 2021 07:43 AM PDT Hi guys, first post here. Does anyone have or seen any master spreadsheet of things/variables about home buying? Like from # of bedrooms / baths to HOA fees, to other questions I should be asking myself or have answers to before talking to a realtor. List of questions to ask the builder / seller / neighbors. I got some kind of a list I drafted last night but I'm just wondering if there's an existing list out there I can just fill out. It doesn't have to be fully complete since I know it differs by location but I assume there's general questions that apply to everyone. I just got my pre approval letter from the lender and they ran a hard pull on my credit. No worries since I have over 800. So now it's time to look for new construction or existing houses. I'm in Michigan btw. [link] [comments] |
| Posted: 16 May 2021 07:40 AM PDT Anyone have any good websites for market data (average days on market, over/under list price percentages, etc) for specific locations? TIA! [link] [comments] |
| What can I do to educate myself and sell FSBO in 2 months from now? Posted: 15 May 2021 07:59 PM PDT My house us currently sitting at around 500k, and i cannot justify paying a realtor $15,000 for listing it and dealing with calls and sales. I deal with calls and sales all day, so its not a big deal for me to work with people over the phone. I understand I don't have much choice on the agents that come to me with buyers, but I at least want to save the money on my end. I have 2 months to educate myself on listing my house FSBO. So far I've got a rough list of things to keep an eye on:
Anyway, I'm looking for any resources to keep adding notes to this list. Especially something that goes over the whole process in detail if that's out there somewhere. I've even considered just taking some realtor crash classes. [link] [comments] |
| First time home buying questions Posted: 16 May 2021 05:43 AM PDT Hello everyone. I am looking into buying a house for the first time and have a few questions. First would be are fha loans any different from normal mortgages? And what are rates typically like on them? Next would be about closing costs and everything. Generally how much are they and is there any way to get them added in with the mortgage? Not sure if I have enough put back for both a down payment and closing costs... And finally, I have a walk through at the house I'm interested in on Thursday, so what are some of the key questions that I should ask? Thanks in advance for everything! [link] [comments] |
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