Real Estate: Seller refuses to sign 24hrs before closing date |
- Seller refuses to sign 24hrs before closing date
- "tenant out of control" 45 day follow up
- Appraisal came back over contract!
- Agent let potential buyer into home and left. Is this normal?
- Inflation and down payment money...
- Realtors, how is the current real estate market affecting you? Love it? Hate it? Why?
- I keep getting calls to sell but on the national DNC registry and block every week. How do I take my number down?
- Can I get a bridge loan to buy a new home if my current home if its already under contract?
- home inspection sufficient?
- Buyers in this market, how do you feel?
- Do compact dishwashers hurt resale value of condos?
- After months of failed offers, is it normal to not feel excited when you finally are under contract? After raising budget and lowering expectations, I feel bummed about how it turned out
- It was between us (first timers, family of 4) and an investor with a cash offer...The seller picked us because of the letter we wrote and the picture of my family that our realtor sent to the seller! I can’t believe it worked!
- Can the seller back out of a deal?
- Cancel culture is coming for judge who ruled against cdc moratorium
- Interior paint question..
- Landlords - best automated way to pay rent?
- Looking for a home. Anyone know what this is in the backyard? Looks like a sewer cover but this houses has public sewer in description
- (GA)Renovation Mortgage
- Possession of property before closing
- Got lucky and now need help
- Water Well on Iand I want to buy is deeded to neighbor house, water line in the way of build, solutions?
- Buying a lot
- Renting while looking to buy 1st home out of state.
| Seller refuses to sign 24hrs before closing date Posted: 12 May 2021 05:01 AM PDT Seller did not show up to close. My wife and I signed the closing documents as the buyers, but the seller never showed up. EDIT: State of Indiana. I contacted a lawyer and he wrote a letter of notice to the seller and emailed it to the listing agent. If the seller does not respond we plan to sue for "specific performance". I really need this home, there is nothing close to it in the area I am buying. As of now I am looking for a temporary rental place because I have to move to start work in less than a month. Has anyone dealt with a seller who backed out of closing and sue them? Also ... Lender is saying if the rate expires I have to wait 31days before reapplying otherwise I get subprime rate pricing.... Wtf? [link] [comments] |
| "tenant out of control" 45 day follow up Posted: 11 May 2021 04:52 PM PDT Hey there guys, just wanted to post a 45 day follow up to my post about my crazy renter who wouldn't stop building stuff. Here is the original thread if you're interested: https://www.reddit.com/r/RealEstate/comments/m46wnx/tenant_out_of_control_need_advice/ Well anyways, I went back to the house the next day and he had defaced the entire front of the property with some wacky stucco work, so I called the cops. They came out but wouldn't arrest him for vandalism because he wasn't 'intending' to damage the property. After they talked to him he did finally stop making modifications to the house. His wife moved out of the house shortly after and took the child with her. She has had a new apartment by herself for a few weeks now. Her leaving was reassuring to me that I wasn't the crazy landlord and something was actually off with this tenant. So with the 30 day notices posted the tenant agreed to move out by a specific date. He had texted me a couple times apologizing and saying he would be out by then. Well the day comes and this guy instead tries to take his own life. He barricaded himself in the home and took a bunch of pills. Suicide notes all over the house, and things packed into boxes to give to his wife or whoever, all with labels. So luckily the wife and sister just happened to come by after church to pick something up, and they couldn't get in the house. They panicked and called 911 and the fire department came. The firemen took the door off the hinges and found this dude in a heap on the floor. He had all the doors barricaded shut with 2x4's and big deadbolts. They managed to save his life and he is now in the hospital recuperating. He was under the baker act and then sent to a longer term facility to get some help The eviction was filed in court and the wife removed most of their stuff and gave me the keys. I also got an email from her saying they're abandoning the property and all it's contents. My lawyer said this was sufficient so we dropped the eviction. It felt bad pursuing the wife in court when she was already a victim in this situation. Plus continuing means continuing to pay the lawyers. I have now regained control of the property, but the damage is extensive. He has some small booby traps setup like I went to change the locks and the locksmith discovers all the screws are one-way screws. The tenant put all new locks in 4 doors with screws that you can't take out. So he had to bust out the special tool, $355 later and it's done. The tenant also took weed killer and burned up the entire front yard if you can believe that. Can't wait to see what other surprises await I guess the lesson is, be careful who you rent to out there. This guy paid the rent diligently for 4 years and then just went loco for no reason. The damage is probably around 8k and I doubt I'll be able to collect from them in court. For now I'm just contemplating fixing it up and selling the place, it feels haunted [link] [comments] |
| Appraisal came back over contract! Posted: 12 May 2021 08:12 AM PDT Nothing huge here. We're having a house built and did the appraisal prior to construction given the amount of upgrades we were requesting. Happy to say it came back above contract price! Now we can move forward on the build with confidence that we shouldn't have any huge surprises at close. [link] [comments] |
| Agent let potential buyer into home and left. Is this normal? Posted: 11 May 2021 11:45 PM PDT Hello all - My mom passed last year and I am currently selling her home. Noone is currently living there and it's mostly empty with all remaining possessions stored in the garage. I go to the property weekly to keep an eye on things. Over the past few months, I've found doors unlocked and damage that's occurred since it's been listed. I finally got an offer that I was willing to accept. I signed a contract accepting the offer as did the potential buyers. The agent informed me that the buyers, their parents, an inspector and a contractor would be at the property this past Saturday. Saturday evening, the agent texts stating the inspector found some evidence of termites and that I would be required to have the property treated before closing. I agree, end of conversation. On Sunday, I went to check on the property and as I pulled into the driveway I noticed an entire porch column and the attached guttering lying on the porch. I immediately contact the agent asking what happened to which she replied something about it not being attached to the porch. I press her and she says the wind blew it down while they were there on Saturday. Mind you, she never mentioned this to me Saturday evening. Monday, agent repeatedly texts me asking about scheduling termite treatment. I ask if we can schedule it right before closing as this would allow me time to get the items stored in the garage moved. She tells me that we shouldn't even do it until the appraisal has has been completed (sometime in the next two weeks). Today the person who takes care of lawn called, asking if I could let him into the backyard. When I get to the property, he is already in the backyard. The front door is open and I walk in to find the potential buyer and another guy in the house. The potential buyer explains that my agent met them there, let them in and then left because she had to show another home. This really upset me. I confront the agent asking if it is normal practice to let a potential buyer have access to a home unsupervised. She told me that her coworker let them in but she was there now - contradicting what the buyer told me. I explain to her that this really upset me, not to mention made me uncomfortable and it seemed like a conflict of interest. She proceeded to tell me that the buyer was with a qualified contractor therefore it was permissable. I'll be honest, I am out of my element with all of this. In addition, I know I have an emotional attachment to this home because it was my mom's. Am I overreacting or is this unprofessional? If it is unprofessional what if anything can I do about it now? [link] [comments] |
| Inflation and down payment money... Posted: 12 May 2021 08:40 AM PDT So lately there's been a lot of inflation talk and how dollar will decerease in value. I have about 80$k in my bank account for a down payment closing costs etc. should people like me move this money elsewhere in fear that it may not be worth as much. Issue is we may need this money for house in 2 weeks or 2 years. [link] [comments] |
| Realtors, how is the current real estate market affecting you? Love it? Hate it? Why? Posted: 12 May 2021 08:28 AM PDT |
| Posted: 12 May 2021 03:35 AM PDT |
| Can I get a bridge loan to buy a new home if my current home if its already under contract? Posted: 12 May 2021 09:09 AM PDT I sold my primary residence home, the close date is Sep 2022. This timeline worked out for me and my family. In Summer of 2022 my family will start looking for a new home to live in. In Seattle, the housing market is hot, so I figured having a home already under contract would help my contingencies look better. I've also heard one can get a bridge loan in order to get a down payment when trying to buy a new home but while still owning their current home. I believe that means my offer on my next home wouldn't have the sale-of-my-current home closing contingency and would just have a regular 30 year mortgage finance contingency, thus making my offer look more attractive. Is it possible to get a bridge loan or 2nd mortgage or HELOC on a home that is already under contract to close? What are my options when it comes to home shopping next summer? Will be I forced to put a contingency in my offer saying my offer is contingent on my current home closing if I don't have enough in my savings for a down payment? My company is giving me shares of their company and I will likely sell them and put them towards my mortgage but if I won't be able to borrow against my home that is under contract then I might want to stop doing that [link] [comments] |
| Posted: 12 May 2021 08:57 AM PDT We are in escrow for a house and our real estate agent is recommending getting other inspectors in addition to home inspectors. Is this overkill? He is suggesting sewer, roof, termite, and HVAC on top, but I thought most, if not all, of those areas will be examined by a home inspector. He says these specialized inspectors can give a more accurate idea of what it'll cost to fix, but I feel like this is only necessary if there's actual issues with those things (ie., after home inspection)? For context, we are in SoCal and the house was built in the '60s but appears to be in good shape. [link] [comments] |
| Buyers in this market, how do you feel? Posted: 11 May 2021 06:16 PM PDT Just curious. I have never seen anything like this frenzy ever. For those of you buying now are you getting a sense of buyers remorse having to go in so much over asking, or are you just happy to get a home? [link] [comments] |
| Do compact dishwashers hurt resale value of condos? Posted: 12 May 2021 08:01 AM PDT Question about how a compact, or apartment sized, dishwasher can hurt the resale value of a condo. Is this something that buyers may look for? My place is in a major city and I am going back and forth on whether I should install a compact (18") dishwasher to make more cabinet space, or keep the regular size (24"). Any tips people can give would be great. [link] [comments] |
| Posted: 11 May 2021 02:15 PM PDT I moved out of state in 2016 and had planned for years to come back in 2020. The most unfortunate time I could imagine once everything hit the fan. Unfortunately my home town had one of the largest price spikes of the entire US. I moved back fall last year and I kept making offers, I upped my price range, lowered my standards, etc. And now that I finally have a house under contract, I am bummed out.... I put location above all else so I am where I wanted to be (yay!). But I paid more than I wanted (still financially reasonable), got a smaller, less nice house, etc. If I look at prices 6-12 months ago, I could have gotten close to my dream home (bigger, updated, etc) in that same area. And the thing is, I could have moved back a few months earlier, etc, etc but didn't as I did not feel like there was a rush. Feel like my last chance to get what I wanted slipped through my fingers. This house is fine but after planning for years, I am feeling sad about the outcome Is this normal? Any else feel like this? [link] [comments] |
| Posted: 11 May 2021 06:55 PM PDT I thought it was a silly gesture when we were writing the letter to the seller, but in this crazy market, it worked. First house we toured, first we made an offer on, and they accepted. We've only shopped for a week. [link] [comments] |
| Can the seller back out of a deal? Posted: 12 May 2021 09:47 AM PDT I have a home I put in an offer for. They accepted. The home appraised for 20,000 less than what we offered. So we came back offering a little less but still offering a good amount. Now the seller is threatening to cancel the contract and keep it as a rental property if we do not come up with a better offer. For context, we offered 411 and appraisal came back at 390. Can they do this? [link] [comments] |
| Cancel culture is coming for judge who ruled against cdc moratorium Posted: 12 May 2021 09:47 AM PDT |
| Posted: 12 May 2021 09:46 AM PDT Im looking to sell my home soon and am painting the walls a light cream, have darkish wood floors. I painted one of my interior doors a darker grey and think it looks great but worried it's gonna effect the sale. Thoughts on all interior doors being a dark grey? [link] [comments] |
| Landlords - best automated way to pay rent? Posted: 12 May 2021 09:44 AM PDT Hello! I've recently moved into a new place and live next to my landlady, who is a lovely, decent woman. She's not super tech savvy, but I'm looking for an automated way to pay my rent everything month so I don't even have to think about it. My previous landlord was a corporate giant that did ACH, but all I did was hand over a voided check, sign a form, and they did the rest. In my current situation, I wouldn't even know how to set that up, let alone my landlady. Is there some kind of convenient option/service that would allow me to automate my rent payments safely? Ideally, I'd like something that doesn't charge my landlady anything, or a lot, or delay her money by too long. I've done some online searching, but have yet to hit the bullseye. Thanks so much for any insight! [link] [comments] |
| Posted: 12 May 2021 09:39 AM PDT |
| Posted: 12 May 2021 09:30 AM PDT Trying to go through the process of getting a renovation mortgage like the Homestyle Renovation mortgage. All the lenders I've talked to said they are like finding a needle in a haystack. Anybody have any experience with them? Are they really that difficult to worth with? [link] [comments] |
| Possession of property before closing Posted: 11 May 2021 07:31 PM PDT So if you read my last post you'll see that tomorrow I was supposed to close on my house tomorrow after already waiting 60 days but now it's a shit show.... My agent called me again and said that we could "take possession of the property before closing" because at this point we don't know if it'll be days (or weeks) before the seller is able to get the paper she needs signed by her husband. When talking to my agent she said that we would pay the sellers "rent" while we lived there. It would be the same amount as our mortgage would be on our closing disclosure.... BUT our mortgage payments are somewhere between $300-500 more a month than what they are currently paying on their mortgage. Why wouldn't we just pay whatever their mortgage is until it's in our name? Why would they be able to make that money off of us when it's THEIR FAULT we are unable to close. Am I missing something? [link] [comments] |
| Posted: 12 May 2021 08:52 AM PDT I'm 18 and made a little over 400k on crypto (300kish after taxes). I live at my parents and have a minimum wage job (9 an hour). I live in Ohio near the toldeo area and was wondering if I should start by buy financing a house for me and buy a cheaper house to rent out or flip. I'm up for any ideas to keep me away from working a 9-5. any ideas help. [link] [comments] |
| Posted: 12 May 2021 04:50 AM PDT Once upon a time there was a large parcel of land on a sloped area with a nice view. The Owner built a house on one side of the property, and drilled a nice Well on the other side where water was plentiful and joined them with a somewhat shallow water line connection. One day the Owner decides to subdivide and to sell half of the property with the house, and keep the wooded hunting area half with the nice Well. But in order to do this, he sold the deed/right-of-use to the Well and the water line connecting them since that how the house gets its water. Now the Owner wants to sell the rest of the wooded property with the Well and tiny hunting shack. The problem is the Well and connnection. It would be a great spot for me to build a nice little house in the future, but the Well is deeded to the neighbor and the water line goes directly through the area that would be flat enough and appropriate to build on. This is where I try to summon the creative and knowledgeable wisdom of Reddit to find a solution. These are what I've come up with:
Thanks all, wishing you all your dream home. [link] [comments] |
| Posted: 12 May 2021 07:17 AM PDT What are the things or documents that I should check before buying a lot? I asked the agent and he said they don't have an office yet and it's a family business that's why they accept clients at home. Isn't it sketchy??? [link] [comments] |
| Renting while looking to buy 1st home out of state. Posted: 12 May 2021 07:12 AM PDT I am currently renting, but want to invest in a home out of state for vacation & retirement which is about 16 years down the line. I know I cannot and will never be able to afford a home where I currently live where the median home cost is about 1.5 million. I'm looking to invest in a home in Central Florida. Would it be wise for me to put a down payment on a home there, rent it out as an AirBNB or short term rental while also using it as a vacation home maybe 2-3 weeks out of the year? Do FHA or USDA loans work for a home I'm only living in for that short amount of time? [link] [comments] |
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