They say it is just so the Sellers don’t end up homeless but it makes no sense.. We are set to close on _ day contingent on the sale of their house the day after….. it should be contingent on them signing their closing disclosure/ their wire/ Getting the clear to close etc.. the other agent said they will remove the contingency on the day of closing but I don’t like it. Thoughts? Location is Oregon.
Does anyone know of any book in particular that helped them when learning about real estate? Any good audiobooks I could listen too while commuting? Any level advanced or basic just want something to listen to or read.
I’d made an offer on a property after receiving the report from the seller marking what they had knowledge of in terms of defects and after sending my agent to inspect the building and take pictures. After the offer was accepted I sent an inspector. The inspector turned up a number of things like mold, possible asbestos, possible leaky roof, gas leaks, etc. Things which would have been pretty obvious to any seller. I responded to the seller with conditions to repair most of the things the agent found and the seller agreed, but in the meantime I’d gotten a bad feeling and decided to back off. Now, the seller is refusing to sign a mutual cancellation.Where do I go from here? My agent is saying I should seek legal advice or just go ahead with the sale, but I don’t want to get stuck with a house and the seller must have been lying on their initial disclosure.
Yet another interesting headline in the world of health and well-being. Rare And Mysterious Vomiting Illness Linked To Heavy Marijuana Use
For a small percentage of people who smoke marijuana, long term use can make them sick with violent vomiting.California doctors worry they’ll see more cases when pot is fully legalized in January.
House from hell strikes again. Closing was in 6 days not so much anymore. The VA appraisal came back way late and at $109K (purchase price is $137K). I only know of 1 house in my zip code that has sold for so little (a foreclosure) including the houses that are completely gutted after being flooded during Harvey. Honestly I’m wondering if the guy ever even looked at the house.My realtor and lender are both new to the VA loan process. I know an appeal is possible, but is it possible to find out what comps the appraiser used?I was prepared to walk away if the appraisal came back low, but this pissed me off and now I’m just angry. Is it worth the fight?
Yet another interesting headline in the world of health and well-being. Afghan Girls Robotics Team Takes Home A Top Honor In European Contest
The team previously made headlines when their U.S. visa was temporarily denied. Now they’ve won first place in the “Entrepreneurial Challenge” in Estonia, at Europe’s largest robotics festival.
Yet another interesting headline in the world of health and well-being. Hundreds Of Eggs From Ancient Flying Reptile Are Found In China
The fossilized pterosaur eggs and embryos shed light on the Lower Cretaceous creature’s development and nesting habits. The cache was found where the reptile was once abundant, dubbed Pterosaur Eden.
I had a failing business and tried to save it for a couple of years. I had been delinquent in remitting the sales tax I was collecting. I now have a state tax lien on my home for around $50kThere is no equity on my home and the bank gave me a foreclosure date. As far as I understand, in order for the bank to foreclose on my home, they have to pay my tax lien And the lien will be satisfied. The bank can then come after me for the deficiency.However, I’ve heard some short sale specialists that I talked to say that is not true, but another said the opposite. They said that if my home goes into foreclosure and there is not enough equity the tax liens will be removed and transfer to me personally.Please help!
I live in California, and I want to build a guest house in my backyard for my mother to live. I rent out a room for AirBnB, and I just found out my neighbor does not like it. They oppose the construction because of my AirBnB. They did not say anything to me before till now. I only found out because they send email to city hall stating my AirBnB as a reason they do not want the guest house build for fear of me renting that out as well. Another neighbor does not want me to build it because she thinks it could lower the value of her home.I plan on talking to me neighbor and telling them I would stop the AirBnB if they would allow me to build my guest house. I am not sure how to approach the neighbor who said my guest house would lower their house value.I would like some advice on what I should do next. What happens if I cannot convince my neighbors to allow me to build the guest house, and we proceed to the hearing? What are my chances of getting my house build despite the neighbors concern?Thanks in advance for any advice.
Hey /r/RealEstate,For several years now I’ve wanted to move to one of the bigger cities here in Louisiana. I’ve got friends who live there (from when I was in school), and the lifestyle and activities there suit me a lot better than where I live in rural louisiana.I’m finally in a position where I can actually afford to purchase a property and I’m trying to figure out what the right plan of attack is.Originally, I thought it was a no-brainer to get a multi-unit place. I found out there are several locations, most of them four-plexes, that are under $200,000, a few of them are closer to $100,000 which is a very tempting price from the outside.It seems efficient to be able to rent out spaces while I occupy one or am working on the units that need TLC, I’d have that bit of income to help offset the cost of payments and any upgrades that do need to be made.But, as I was looking into this it occurred to me that a lot of these places are already rented out to tennants and that started to give me cold feet. One place is up front about the fact that its cost is low because it needs a new roof, but besides that there’s something generally fishy about purchasing a property that is actively leased out to tennants. I assume that’s a thing that happens all the time, but I don’t really have any perspective on what sorts of responsiblities and costs I might have to take on as a result of that? Is fixing the plumbing in one of the units too expensive for the current landlord to front, is something like that going on?Alternatively, houses that I could try to rent out bedrooms in start closer to $150,000 and quickly go up. If I were to eventually rent the property, it seems like renting one house would generate a lot less income than renting out a four units each close to about half the typical rent for a ~3 bedroom house.For whatever it’s worth, I think I have a romanticized idea of “fixing up” something like one of these multi-unit places and either living in one of the units and managing the property into retirement, or moving on to something else (or more properties) and sitting on passive income. So a reality check is welcome, too.Before I even look at these places (some of which are hard to view if they’re are already occupied), I figured it would be smart to get advice on whether or not random strangers think I’m going down a silly path. (I’ll also be discussing with property owners I’m close to and my family and whatnot!)