Newsflash: Selling older condo – breaker box hazard?

Hello all, Five years ago I bought a condo that was built back in 79. Well, I need to move and I’m trying to sell. Today the buyer had an inspection and it came up that a safety hazard is that the breaker box is slightly jutting out from the wall. Said it fails to pass code as it is.Breaker box https://imgur.com/a/eAMLeSHI took some pictures and as you can see it only is slightly not flush with the wall. I don’t recall this being an issue with the place when I bought it and I’m having no luck finding any sort of estimate on how I can even get the thing fixed or how much of a money sink this is going to be.I’m already taking the buyers offer at over $10,000 below my listing because I’d like to move soon. Has anyone ever seen this sort of thing before or have any idea as to how best handle it?

Read more at https://www.reddit.com/r/RealEstate/comments/cv6cjd/selling_older_condo_breaker_box_hazard/?utm_source=ifttt

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Newsflash: NBN FttP in street. Developer didn’t install Telecommunications Conduit & claims Renter has to do it (NSW, Australia)

Hi,Sorry if this is the wrong sub…please direct me to the correct one if its inappropriate.​Recently moved into a 3 bedroom house that was built in 2016…and NBN FttP was installed in the street already at that time.The premises is on a subdivided block of land. The house in front has FttP connection but the developer didn’t install any sort of telecommunications conduit when building this house even though its apparently a legal requirement?NBN is unable to connect the premises to the NBN until such a conduit is installed yet the Developer and the Real Estate are trying to claim that it is the renters responsibility.The NBN policy and federal government policies regarding it say that it is the developers responsibility to do this.Digging up the premises to install a telecommunications conduit would not be cheap….and then NBN will charge the person $600AUD as a co payment to connect NBN thru that conduit.I have submitted all the documents and policies to the Real Estate….and they advised that they passed it onto the Developer…..but all I am hearing is silence.My Question is where do i stand legally in all of this as the renter and how can I get some movement on this?I am very happy with the premises otherwise but am not keen on spending big for another persons home or pushing and having them skyrocket the rent for something that should have already been done.I am not comfortable spending thousands to get this installed and increase the value of the developers premises without renumeration….and with the possability of not having my 1 year lease renewed and thus throwing away money to do something the developer was required to do.​Regards,B

Read more at https://www.reddit.com/r/RealEstate/comments/cv4lgh/nbn_fttp_in_street_developer_didnt_install/?utm_source=ifttt

Newsflash: Sell house with no realtors

I was hoping someone here has done this before or knows what to do. We recently moved from Alabama to Michigan leaving our house behind (it did not sell in time before the move) with my father in law renting from us. We get nothing extra from the rent. He pays exactly what our mortgage is. We want to sell directly to him without having to hire a realtor. We will need an appraisal but he will bypass the inspection as he is a handy man and can fix it all himself if something were to come up. The reason why I do not want any realtors is because we are paying his closing costs and down payment as a favor to him with hopes that saving that extra 7% will get us close to breaking even for helping him. I don’t know where to start. He’s approved for the mortgage already. Who do I contact next?

Read more at https://www.reddit.com/r/RealEstate/comments/cv56s0/sell_house_with_no_realtors/?utm_source=ifttt

Newsflash: If a hurricane damages a house while it’s under contract, who repairs?

I’m in Central Florida, currently have a house under contract that has a screened pool. There’s a small chance of a hurricane in the next week or two, and I was just thinking to myself “what if the hurricane makes shit of the screens on the pool?”It’s a remote possibility but curious, would we expect the current owners insurance to cover? If we pay to have it repaired while the owner is waiting for the claim to be paid, do we get reimbursed?How does this kind of thing work?

Read more at https://www.reddit.com/r/RealEstate/comments/cv4e0j/if_a_hurricane_damages_a_house_while_its_under/?utm_source=ifttt

Newsflash: I want to get into Real Estate (help)

Hey all! I’m interested in real estate, but I definitely don’t want to work for anyone, at least not forever. I am 25 years old, Active duty Army on my way to Fort Lewis in Washington. Getting married soon as well. I know I want to take advantage of the free schooling, and the VA loan. Is there any classes that would benefit me in the long run, and any other benefits the military offers that I should take advantage of and looking into? Thanks in advance!

Read more at https://www.reddit.com/r/RealEstate/comments/cv4ymr/i_want_to_get_into_real_estate_help/?utm_source=ifttt

Newsflash: Room rental deal

I’m a student looking for a room for the upcoming semester and need some advice as this is my first time leasing a room.First thing that seems a little bit off is the pricing ($625) but the rooms around campus are usually ($700 – $800). Who knows, it could just be a good deal.Before meeting at the property, I emailed the individual and exchanged basic information. I kept asking for the address but he wouldn’t say until a couple of hours before the meeting? What gives? Is he trying to protect the property or something?So I’m at the property now and meet up with the individual. The individual gives me a super quick tour (odd…) of the room. At the time of the viewing, I saw the current occupant of the room, which I now realize is a good sign?I tell him that I’m interested in the room, and he tells me that I have to give a security deposit to secure the room. Seems fair, right?I’m looking at Craigslist again today and now there’s a second ad with the same information plus a link to Roomster? Mind you there wasn’t a link to Roomster (only heard negative things about Roomster) in the original ad that I responded to.Is there a way I can get scammed from this? The individual hasn’t mentioned a way to pay the security deposit, so I’m thinking of using PayPal (so I could chargeback just in case something happens) and not cash.I haven’t paid the security deposit yet but I’m going to sign a lease and pay the security deposit on Monday. I’m seeking advice as to whether or not this is legit. To me, it all seemed genuine until I found a second Craigslist ad that included a Roomster link.

Read more at https://www.reddit.com/r/RealEstate/comments/cv1ric/room_rental_deal/?utm_source=ifttt

Newsflash: Checklist for second walkthrough – pre-inspection

So we’re going back for a second walkthrough on a house that checked all the boxes on the first go-round. This time we’re going without kids and are thinking we’ll probably put an offer in afterwards. Obviously we’ll have a professional inspection done if we get an offer accepted, but should we prepare in a particular way for this second showing? Things I’m thinking of are: – measuring tape to measure appliances and whatnot to see if they’re standard – flashlight to check behind boxes around the basement walls (disclosures listed professionally-repaired cracks from a couple years ago) – disclosure also listed “insect” treatment but didn’t specify. Should I bring a long screwdriver and poke around on beams? I assume I should probably instead insist on seeing the pest inspection report or have another done?What am I missing that would be valuable for us in a pre-inspection phase, but beyond “do we like it”?

Read more at https://www.reddit.com/r/RealEstate/comments/cv1z2l/checklist_for_second_walkthrough_preinspection/?utm_source=ifttt

Newsflash: How much property tax on new construction in NJ?

I am in the process of purchasing a new construction property in Fort Lee, NJ. The offer price is 917k.The previous owners originally bought the house at 702k, demolished it and built two attached townhouses.Fort Lee property tax is 2.23%, but when I look at the Borough of Fort Lee Tax Collector Department to look at the tax information, it shows the land value to be 360k.My question is, once I purchase this property at the new offer price of 917k, will I be paying 2.23% property tax on the newly set 917k value of the property, or 2.23% of the local assessed value of my property?

Read more at https://www.reddit.com/r/RealEstate/comments/cv1wmd/how_much_property_tax_on_new_construction_in_nj/?utm_source=ifttt

Newsflash: Getting involved with creating assets for houses but can someone tell me about that first???

Title. I met a customer from my current job who has a friend that sells assets for houses or something along those lines and checked to see if I’m good to be a student of this guy. The guy is a millionaire but he’s most likely wealthy due to being involved with something like that so maybe millionaire is exaggerated. I was interested since it sounds better than retail but I really just want to make enough money to be set for life comfortably. But the whole thing sounds really good, too good. I meet a guy who has a friend willing to show me how to create house assets and is willing to show me? It sounds kind of fishy though so anyone want to fill me in on what selling assets and all that means before I make any sudden moves?

Read more at https://www.reddit.com/r/RealEstate/comments/cv12in/getting_involved_with_creating_assets_for_houses/?utm_source=ifttt

Newsflash: Easiest to just offer cash too

Im talking actual cash for a house. And before you law abiding typewriter warriors go on your, thats illegal tirades, i dont trust banks, i pulled it all out in 2008. I still have just 14k in there but rest in cash, who are the easiest sellers to bring a briefcase too? I want out of renting before i get a murder charge

Read more at https://www.reddit.com/r/RealEstate/comments/cv1eil/easiest_to_just_offer_cash_too/?utm_source=ifttt