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How hot is Seattle real estate right now?

We are considering a move to Seattle from the Bay Area. Last year we took ourselves out of the house-hunting game down here due to the crazy market here. What can we expect from Seattle? [more inside]
posted by chevyvan on Jul 24, 2014 - 7 answers

Need to sell a house in Sarasota

The house values quoted to us are all over the place! [more inside]
posted by fifilaru on Jul 9, 2014 - 6 answers

Grad student, thinking of becoming Rental Agent for LL, or Buyer

Greetings! My LLs are about 85 and seem to be over being LLs. There are 11 units in my building, 3 of which were rented for the year, we had a 4th tenant but she moved out the 4th month. I secured all of these tenants. My LLs obviously could have made a lot more money if they rented all the units. I can easily get tenants and have no problem doing so, the only obstacle is the LLs, they do not get back to emails and lose many of the renters I get (I show them the unit and it takes the LL 2 weeks to email back). [more inside]
posted by TRUELOTUS on May 17, 2014 - 12 answers

'right of first refusal' as a real estate tool

This question is following up on one I posted almost a year ago, trying to arrange sale of house to tenants who could not qualify for a bank loan (a resounding NO to self-financing and promissory note). If at all viable, I will follow up with an attorney; otherwise I will let it go. Here's the idea: They can now qualify for a $130K loan. The house is zestimated at $170K. What about selling them a right of first refusal for $40K to buy the house at $130K? They would pay me up front for the right and for my promise to make the house available within x time for them to exercise that right. They would of course still have to come up with a down payment for the bank/mortgagor, but I think it's more their credit than their cash flow that has been a problem in the past. Even as I type this I'm imagining Murphy's Law kicking in, but seems riskier for them (buyers) than for me.
posted by mmiddle on May 9, 2014 - 14 answers

Experience with Redfin (or similar site) agents from the sell side?

Hi, hubby and I are looking to sell our house. We have a traditional agent that we've used in the past, but we don't want to use her again. We aren't ruling out using another local agent, but since we're both tech savvy and used sites such as Redfin extensively during the browsing stage, we are thinking about using a Redfin agent. Other than lower commission, the other perks like free professional photos is certainly nice to have. But other than agent's reviews on Redfin's own site, I can't seem to find stories of other people's experience using Redfin agents to sell properties. Stories of people using Redfin agents from the buy side seem to be more common. So I'm posting here to see if any MeFites who have used/know someone who have listed properties with Redfin, both pros and cons of going this way. Thanks!
posted by wcmf on May 8, 2014 - 2 answers

Real Estate Law: Any Benefits To Us Getting Married Early?

YANL, YANML. I presently am on the deed to a house with a family member. We are joint tenants with full rights of survivorship. My family member holds the mortgage note entirely in his name. Other members of my family are becoming increasingly more aggressive in regards to me moving the mortgage into my name (which may not financially/credit wise be feasible). My question is that I'm planning to get married later next month. Is there any benefit to me - to protect my interests in the property - to get married sooner? [more inside]
posted by splitinfinitive on Mar 30, 2014 - 9 answers

Production Home Help Needed

My husband and I are thinking about having a home built -- a production home -- in one of the many subdivisions in our growing area. We have purchased a home before (and sold it later; not in our current area) but it was older and had been flipped. What do we need to know about the production home process? [more inside]
posted by danielle the bee on Mar 9, 2014 - 9 answers

Getting cold feet on refinance with unknown 3d party credit union

Does anyone know the skinny on CU Community, a credit union lender based in Springfield, MO? [more inside]
posted by mmiddle on Mar 6, 2014 - 6 answers

Best way to sell a privately owned office building in Northern VA?

There is an 4-story commercial office building that we'd like to sell. The building's tenants are professional businesses. We'd like to sell the building as soon as possible. Teach us how? [more inside]
posted by anonymous on Mar 6, 2014 - 9 answers

Baltimore/Real Estate peeps! Do you think we should sell this townhouse?

My mother bought a townhouse before the housing bubble. She lost her job two years ago and is having trouble paying the mortgage. What's the process for selling the house and what do we have to lose? [more inside]
posted by bluelight on Jan 26, 2014 - 19 answers

Finally meeting in real life; the disappointment will be palpable

There are several people I've been chatting to online for various periods of time, who I'm likely to meet on my next journey around the USA. In the case of a few, they are asking to meet up. Nothing romantic and more than friendship with any, though the level of friendship differs; in some cases it's quite strong or complex. Problem is, the prospect of finally meeting IRL repeatedly terrifies me to the point of making me feel ill. Is this kind of feeling normal or common, or not? How can I subdue it and not make myself hide, literally? [more inside]
posted by Wordshore on Dec 11, 2013 - 23 answers

How safe is Clinton Hill, Brooklyn?

I've been living in Brooklyn Heights for two years. It's expensive and kind of boring, but definitely very safe. I'm moving soon and found a place I love in Clinton Hill close to Pratt. I love the beautiful architecture and artsy vibe. I was ready to sign a year's lease but then I did a bit of googling and found out that Clinton Hill and Fort Greene were found to be the 6th most dangerous neighborhood in NYC. Is Clinton Hill really that dangerous? I am a 95 pound woman in my 20s, not super street smart, but familiar with the Subway and Brooklyn in general. Is moving to Clinton Hill a bad idea? Am I doomed to moving to Park Slope instead just to be safe? Will I be okay in Clinton Hill as long as I don't walk home alone at midnight - which I do in Brooklyn Heights now? Or conversely, is it on the dangerous level of not walking alone any time after dark?
posted by anonymous on Nov 17, 2013 - 14 answers

Help me hone my new york apartment hunting skills

I'm looking to rent a room in Brooklyn/Queens ASAP but I know very little about the city. I have a place to stay for a few weeks when I move down there on the 17th of this month but after that I'm pretty much on my own. How can I educate myself in the meantime so I know what to look for when I'm reading craisglist ads? Also, suggestions for good apartments based on what I'm looking for? [more inside]
posted by timsneezed on Nov 8, 2013 - 10 answers

Should I risk losing an ARM?

Should we consider an ARM in the current mortgage market? [more inside]
posted by IzzeYum on Aug 7, 2013 - 18 answers

Toronto Condo: York Condo Corp and Pro-House management

I am getting ready to buy a property in toronto-- it's a renovated condo. The condo is under the York Condo Corporation and Pro-House management. I am new to this market, and the internet is filled with things these companies say about themselves. So I am looking to the hive mind: do you know anything about these companies? their reputation, your experience, stories you've heard...anything. PM is welcomed too, if you feel inclined. thanks!
posted by redwaterman on Jun 26, 2013 - 3 answers

self-financing a real estate sale?

What are the pros and cons of self-financing the sale of my house to the tenants? They are excellent tenants and love the house, would buy it except that their credit is wrecked from husband not paying taxes. As I understand it, if they pay me a down payment, I would transfer title to them in exchange for a promissory note for the balance of my mortgage, and they would continue to pay me monthly, payments which I continue to turn over to the mortgagor bank. [more inside]
posted by mmiddle on Jun 21, 2013 - 13 answers

Applying for rental house - need advice

Husband and I are seeking a rental home. We found a nice house and the landlord has invited us to apply. Last time we applied for rental the property manager had us do a credit/background check via an online service. This new landlord gave us a paper form asking for SSN, DOB, our checking and savings account numbers, employment history, and other info. The landlord is an older person with a couple investment properties. I'm sure this is not a scam, but I am reluctant to hand all my ID and bank numbers to a stranger. Advice? Anyone know a simple, reputable online background checking service that I can suggest to this landlord? We would pay the fee. My goal is to make the landlord comfortable so we can lease the house. The Seattle rental market is very tight. This landlord has his pick of many worthy applicants. We have excellent credit, references, etc.
posted by valannc on May 26, 2013 - 9 answers

Breaking a joint tenancy

Yes, I know everyone will tell me to get a lawyer. Anyway, has anyone ever broken a joint tenancy on a piece of property? [more inside]
posted by fifilaru on May 9, 2013 - 7 answers

Thinking of moving to Asheville. Scouting soon.

Do you have suggestions? Should we do it? Where? In town? Farther out? Way out in the country? Neighborhoods to check and things to look out for? [more inside]
posted by fivesavagepalms on Apr 26, 2013 - 12 answers

Class A, B, C real estate?

Real estate filter: Is it considered in any way derogatory or impolite to refer to non-prime commercial office space as "Class B" or "Class C"? [more inside]
posted by thewalrus on Mar 29, 2013 - 6 answers

Does Ebay still carry real estate ads?

In last year or so the real estate (sold houses and land worldwide) section of Ebay was very active and was full of ads. There are not many ads right now, practically nothing. What did I miss, did Ebay change some policy or did everybody migrate to craigslist or to other avenues? Any explanation from the realtors of the metafilter?
posted by raphael19 on Mar 29, 2013 - 2 answers

Non-performing Residential Loans

Has anyone figured out how to approach a bank to purchase non-performing residential loans? I've approached a local bank. Although it would probably be in their interest to sell the loans, they don't seem to have a mechanism. I haven't figured out how to crack this nut.
posted by alcahofa on Mar 23, 2013 - 2 answers

Do we make an offer on a house we suspect has some issues?

First time homebuyers, both excited and nervous as high hell. We've been looking at houses for a few months and have finally come across one we absolutely adore. It's an older house (constructed 1922) that seems to have been immaculately kept and regularly maintained. However, with a house that age, it seems likely that there may be some issues. [more inside]
posted by Mali on Mar 22, 2013 - 22 answers

How can you make sure buyers use a web-platform for large purchases?

I am advising on the creation of a web portal for the sales of homes. One of the concerns is that buyer and seller will find each other via the site but then carry out the purchase on their own, cutting the site out of a potential "intermediary" fee. Does anybody have any ideas / experience on how this can be addressed?
posted by BigBrownBear on Mar 3, 2013 - 5 answers

Real Estate & Mortgages in Boston

I'm having a really hard time finding a reputable mortgage broker. The property is in Boston, MA, but I'm willing to work with someone in another state. The most important thing is that they're not slimy or condescending. Can you recommend someone in my area? Anyone to avoid?
posted by barnone on Feb 26, 2013 - 6 answers

How can my wife start networking for real estate leads?

My wife is a new RE agent in the L.A. area and is looking for ways to meet people who may be interested in buying/selling a home. Does the community have any ideas on how she can go out and meet this group of people, network with them, and start to generate leads? Thanks.
posted by mistermc on Feb 20, 2013 - 10 answers

Drawing showing bonus FAR on a real building.

In New York, and many other cities, developers can build bigger buildings than would otherwise be allowed, as long as they provide amenities such as parks, schools, affordable housing, etc. I want to show students how this works by providing a photo or drawing of a real building, annotated to show how much of the height is due to these bonuses. For example, a drawing of a 50 story building, where the first 30 floors are unannotated, but then 30-35 are labeled "plaza," 35-40 "affordable housing units," 40-45 "subway entrance" and so on. I want it to be from a real building, and clear enough to show via a projector. I'm surprised this doesn't already exist, but I've done plenty of searching and can't find it.
posted by lenore on Feb 20, 2013 - 7 answers

Where do I find foreclosure auctions in NM?

Where does the foreclosure auction when the title transfers from the owner to the bank actually occur and how do I get information about these auctions. I live in NM, but foreclosure auction practices in other states will probably help me figure this out. Also, does anyone have any experience to share on approaching banks regarding properties in pre-foreclosure. Finally, are there forums out there dedicated to these topics. [more inside]
posted by alcahofa on Feb 17, 2013 - 4 answers

Buying a House ... Without My Agent?

I engaged a realtor - the brother of a friend - as I embarked on a home search. I have not signed a binding agreement with this realtor. So far, he has set me up with an online search site and arranged for me to visit 4 properties. I loved one of these properties and was prepared to make an offer, but before I could do that, the property went under contract to another interested buyer. Meanwhile ... the seller contacted me saying that she really liked me and felt good about selling to me. She wants me to ditch my agent and deal directly with her (she's acting as her own agent) and her closing attorney. 1) Is it legal for me to ditch my agent in order to make this deal happen? 2) How can I be certain that the deal is legit and that I'm not being duped? 3) I LOVE the property, so it's totally worth it to deal directly with the seller if that's what it takes to make the purchase.
posted by anonymous on Feb 13, 2013 - 20 answers

How do I become a real estate developer?

I'm well positioned (I think), to become a real estate investor. I'd like advice on how to take it to the next step. [more inside]
posted by mistermc on Jan 27, 2013 - 19 answers

Who really purchased this house?

How do I find out if a house has been "flipped" ? [more inside]
posted by out_of_order on Dec 21, 2012 - 18 answers

FL Lawyer with NYC expertise

Does anyone know of a real estate lawyer in Miami with cross certification for NYC? [more inside]
posted by Debaser626 on Dec 11, 2012 - 4 answers

Comparisons between Vancouver:San Francisco neighborhoods and real estate costs

For those with experience in both the Vancouver and San Francisco real estate markets, how would you compare the two? Can you offer any examples of similar neighborhoods? [more inside]
posted by thewalrus on Dec 5, 2012 - 4 answers

When will they take my land away?

If you own some land, under what conditions can it be taken away from you? [more inside]
posted by shipbreaker on Dec 1, 2012 - 11 answers

Help me find this site!!!!!!

A funny Website where people post real life true stories and events in their life??????????????? [more inside]
posted by flexiverse on Nov 23, 2012 - 7 answers

How do I get a trade focused book published? Should I get an agent?

How do I get a trade focused book published? Should I get an agent? [more inside]
posted by BigBrownBear on Oct 7, 2012 - 3 answers

Help me tell daughter Santa Claus truth

Help me tell 8 year old the truth about Santa [more inside]
posted by lynnie-the-pooh on Sep 30, 2012 - 33 answers

Odd basement drainage feature?

We're thinking about making an offer on a house. However, it has an odd feature in the basement that may be related to drainage. Can anyone tell us what this might do or what could be behind the wall? Picture here - it's the 4" bumpout in the back left corner. [more inside]
posted by WowLookStars on Sep 30, 2012 - 11 answers

Am I needlessly irritated? Is this legal?

Sold my old house: is it legal for the new owners to change the locks and start working inside the house prior to closing? [more inside]
posted by bolognius maximus on Sep 19, 2012 - 42 answers

Drawing Lines in the Sand

My neighbor built her fence on my property. Many many years ago. Is it too late to do anything about it? [more inside]
posted by shipbreaker on Aug 19, 2012 - 18 answers

Plunder Economics 101

The gold-coin contents of the cliche' pirate/dungeon treasure chest, how much would that be worth today? Assume a stereotypical treasure chest, knee high to an adult, filled with gold escudos in excellent condition. How much would the chest and contents sell for? Could you sell it?
posted by The Whelk on Aug 10, 2012 - 9 answers

How does the property value really affect me?

Home value dropped - does it really matter? [more inside]
posted by smelvis on Jul 31, 2012 - 9 answers

Venus Fly Trapdoor

My friends and I are looking to move into this new place, and I can't help but feel there's something odd about the couple we're renting from... [more inside]
posted by Mach3avelli on Jul 27, 2012 - 20 answers

Should I take advantage of a physician mortgage?

NYC real estate filter - the wife and I are looking to buy a 2BR condo in Manhattan... [more inside]
posted by anonymous on Jul 17, 2012 - 6 answers

Everything is bigger in Texas, including taxes.

Trying to make sense of our closing costs when purchasing a newly constructed home in Kaufman county (right outside of Dallas, TX) Mainly, property taxes. [more inside]
posted by phox on Jul 7, 2012 - 7 answers

How do one handle buying property jointly before getting marrried?

How do one handle buying property jointly before getting marrried? (One partner has assets and the other one has income) [more inside]
posted by anonymous on Jul 5, 2012 - 12 answers

is there a 12 step program for house selling?

How do I sell a house? I want the nuts and bolts procedural steps. FSBO? [more inside]
posted by Gungho on Jun 28, 2012 - 16 answers

CFA worth it for a role in Real Estate Investment?

CFA worth it for a role in Real Estate Investment? I was wondering if the CFA will be useful to me if I want to work in Real Estate Investment – starting probably with a Commercial Brokerage firm in their asset management department, which would involve buying and holding investment properties for their income as well as possible capital appreciation. Ultimately perhaps work for some kind of REIT. [more inside]
posted by web74 on May 12, 2012 - 6 answers

What do I need to know before I sell my house in Brisbane?

I'm looking to rent or sell my house in Brisbane, Australia, and am after resources on real estate and financial and tax implications. [more inside]
posted by jjderooy on Apr 18, 2012 - 2 answers

30 minutes or less

We're putting our house on the market. Help us create a quick-evacuation checklist for showings on short notice. [more inside]
posted by elizeh on Apr 15, 2012 - 20 answers

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