I want to sell my home at the right price. Should I do major remodeling or should I make minor changes?
Hi there,This is Tim Grant from Global Real Estate Licence. My team has written a few guides that we thought would be useful for real estate agents, developers and investors.https://grel.org/library/resourcesWe want to do the same thing for real estate consumers, buyers and sellers. I would love if agents here can share some topics that we should cover, things that your clients ask you deal after deal and which you think will help add more value to your services. Of course, these will be free but it’s just something we want to do to provide more value to the community.Would love some ideas from ladies and gentlemen in this subreddit :)Tim Grant [CA]
I was reading about companies like blackstone buying up all the real estate in areas.Will multifamily property prices drop because of this? Will single family housing prices rise?Will realtor and property managers start losing their jobs?I’m in Portlsnd, OR and I’m specifically interested in that area but also, the whole country’s impact as a whole.https://www.inman.com/2017/06/09/welcome-to-wall-streets-housing-market/
[NY] Sorry if this is a silly question, but this is all new to me. The loan estimate also says there is no rate lock and that 4.5% rate cannot increase. If we have 3 weeks until close, is that enough time to shop for a better rate? It seems a bit high given that we both had little debt, 720+ credit, and steady income.
My husband and I just moved into our first home and we still have about 6 months left on our apartment lease. We can get out of it if we find someone to take the apartment over with a whole new lease. So initially we posted it on CL and FB. Got a lot of inquiries but no one actually wanted to show up to look at the apartment. So we let management take over. We signed a form saying the apartment was vacant and that they could show it at any time. We asked to keep 1 set of keys because we still were liable for damages if anything happened and wanted to keep checking in on it to make sure everything was kosher. They said okay. We also agreed to pay $10 per day in advertising fees thinking that we would get the apartment leased sooner. I still have it on Facebook and I send everyone who inquires about it managements info and to tell management that they want to see apartment xxxx in particular. We have gotten a lot of interested people but nothing seems to come of it.So after 45 days the apartment still is vacant. They changed the lock on us so our keys are useless. And I have emailed management twice asking for the links to where they have the apartment advertised and no response. I feel like we are getting taken for a ride. We plan to go there next weekend as we have to pay October rent and plan to bring this up.I guess my question is, what recourse do we have in this situation? Can they lock us out if we still own the apartment? And how do I know they are even advertising OUR apartment and not just the complex in general? What should we do? Are we screwed?
I have around 20 years of banking experience and recently quit to become a stay at home dad. Managed large portfolios, small portfolios, and and everything in between. I was the credit supervisor for a multi-billion dollar loan portfolio and developed automated loan underwriting software. I would love to help some Reddit folks who are thinking about getting a commercial loan from a bank.
[Posted in r/homeowners/ as well because we’re panicking] My husband and I have an agent and are looking to buy a new home near where we currently rent. The house was completed in April 2017 and it hasn’t sold (We live in MD so it’s a seller’s market but not crazy like in most other metro areas.). The only disclosure information that our agent was able to get stated that the house won’t come with a new home warranty. This was my first red flag since I’ve been getting quotes from local home inspectors and they all stated that new houses usually come with a 1 & 2 Warranty (1 year warranty on everything, and 2 year warranty on structural items). Is this true? Concerned, we asked our agent for information on the buyer and she provided the deed to the house which contains the original owner of the plot of land, and the builder. When I googled the builder with the address provided, it takes me to some electric company that works as a subcontractor to NV Homes and Ryan Homes. I called the company and they had never heard of the builder listed on the deed. I then googled business license information from the state and the address listed there is only a tax billing address, but it’s exactly where a Wood Floor company is based out of. Should I just pretend that we never saw this house to begin with? It’s brand new, and it fits our needs perfectly so I don’t know where to go from here.
Hopefully someone can offer some advice here.I am under offer on a beautiful 5 acre property with a remodeled double wide in Jackson County, Oregon. It’s a cash purchase, 15 day close.So far everything has gone as expected. Title prelim looked good until we got this restrictive covenant….. due to deer and livestock grazing ….”as such the grantee agrees to prohibit dogs, under the care or ownership of those residing on the property, from running at large on the subject property or adjacent properties. Any dog shall be considered running at large when it is off or outside of the premises belonging to the owner or keeper of such dog, or not in the company of and under the control of its owner or keeper. ‘Running at large’ does not include the use of a dog under the supervision of a person in order to legally hunt, chase, or tree wildlife; use it to control or protect livestock; or use in other related agricultural activities.”My initial read on this was that I couldn’t have my dogs off leash on my own property if I bought this one. But everyone is kind of in shock. It’s a farm zoned property, no neighbors, out in the country. Others on that road definitely have dogs – farm and pet.Has anyone run into a county convenant like this? Oregon generally does not use RE lawyers but I can get one if I need to figure this out.The last accepted date was the previous owners in 1995.Essentially I have two dogs and am likely to always have dogs – especially on acreage! Am I allowed to let my dogs run on the 5 acres here? It has cattle fencing and I’ll likely also add no-climb fencing to better contain the dogs.We’ve negotiated price after inspections, the whole process was going incredibly smoothly until this single thing showed up.Has anyone dealt with this? Do I need to walk? Am I reading into this too much?Thank you!!!
Hi,I’m looking into purchasing some land in New Hampshire to build a house in about 1 to 2 years. I have gone through some of the processes of buying a house such as mortgage pre approvals, working with a agent, but things fell through when I went through layoffs at my first job. I’m planning to pay about 80% of the property price in cash. My credit score is in the top tier.What are some of things I need to look into? The land has be perk tested. There are some documents listed as Proposed Subdivision with the suggested location of house, septic, and leach field layout. I do have the the Declaration of Exception, Reservations, Restrictions, and Covenants document, but its from 1972 without any plans for an update.Thanks for any help!
I am in Los Angeles County, CA. I offered 568,000 on a house. We originally thought we were beat by a 595,000 offer but that fell through. The seller will sell to us, but wants the following terms:The price on the purchase agreement is 535,000They want an extra 33,000 in a second escrow account to match our original offerIs this proper? Most of the people we’ve asked (Agents, our loan officer) say this is legal, but they are not laywers and I am not a lawyer. Is this typically done? Obviously, this would land us a lower property tax rate. I’m thinking this is happening because the appraisal came in low.