Questions tagged [real-estate]

A tag for questions on real estate or property.

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1
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0answers
16 views

Can I include GST, parking costs and Society Charge in Indian mortgage?

I am looking to buy 2bhk in Mumbai, and have somewhat finalized one property. Now my concern is my salary is good so I can pay more EMI but don't have enough cash in hand to pay. When I checked with ...
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1answer
138 views

What is my responsibility as a landlord to providing internet, power, gas, and curtains?

I am a first time landlord in Philadelphia, PA with tenants moving in in two weeks. As the title suggests, I am not sure how to handle transfers of utilities to tenants. To be clear, I am not asking ...
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0answers
74 views

How can I invest in mineral rights?

The USA is one of the few countries in the world with privately-owned mineral rights. Are there methods I can use to gain investment exposure to mineral rights? I know that I could buy land that have ...
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2answers
176 views

Risks when buying property with illegal granny unit?

Property I am looking at has 1000 square feet illegal granny unit. Main house has 4000 square feet. If I would buy property as-is and later attempt to legalize the granny unit as living space, then ...
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0answers
37 views

Property, income and capital gain taxes for buyer when home bought under “option to buy” contract?

Seller messed up advertising on house and needs few more months to bring few things up to code before he can sell. Hence as alternative solution seller is offering to rent out home to prospective ...
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1answer
110 views

Is it better to invest FULL savings, in a home before marriage, or PARTIAL savings after marriage (50/50 contribution with spouse)?

My question is around the safety of my brother's investment (Washington State, USA) if shit hits the fan and his marriage falls apart. He is planning to buy a property now (huge investment) but our ...
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0answers
25 views

How does the tax computed in a 1031 exchange when the new property is worth no more than the equity?

Confused about the 1031 exchange in partial defer... My case is as follows: I got an investment property in Los Angeles, USA which I plan to sell for 850K. I got that property 15 yrs ago for 300K. ...
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1answer
160 views

How to reject a tenant?

I have had some prospective tenants apply to lease my Philadelphia, PA condo. As I listed the property on Zillow, the official 'application' is on Zillow as well. Zillow only has an 'accept' button ...
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2answers
133 views

Is a mortgage-backed security something retail investors can buy?

Is a mortgage-backed security (MBS) something retail investors can buy? If so, what can make MBS a bad investment?
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0answers
99 views

Can you make money by predicting the average house price in the UK?

It feels like this should be possible, much like how you are rewarded for predicting the value of stocks. I'd like to find the best way to do this that's as accessible as buying & shorting stocks (...
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9answers
6k views

Can I raise the listed rent on a rental property due to high demand?

I a US citizen living in the US looking to rent my Philadelphia condo unit. I put the listing on Zillow and had undercut neighboring rental listing to ensure I got tenant applicants, as I was nervous (...
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3answers
3k views

FSBO seller, shows house to potential buyer, then get's contacted by a Buyer's Agent asking for commission amount

I have my house for sale. A potential buyer contacted me directly, I showed the house to his family and had various emails/telephone conversations with them. About a week later, I get a call from a ...
2
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1answer
86 views

State taxes owed seize property

I live in the US and I owe taxes to the state which I'm not able to pay. I don't have a permanent residence and live with family/friends. One of my family members received a letter stating their ...
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1answer
157 views

Do I have to use my realtor on a For Sale by Owner home

I found a For Sale by Owner (FSBO) home that I love through a family friend. The seller has sold two of their homes before with no broker help from them or the buyer. They don't want pay any amount to ...
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6answers
6k views

Is this rental property worth keeping, or should I sell?

I became an accidental landlord, when I bought a house 3 years ago, and did not sell the house I had lived in for 10 years. Here are the facts: House purchased: $200,000 House Mortgage remaining: $...
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1answer
122 views

Do I need Ex's Signature on Closing Documents if I have Quit Claim Deed?

I was awarded my home in my divorce decree and I have an offer on it now. Do I need my ex's signature on any loan documents during the closing process if I have a Quit Claim Deed filed with the county?...
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2answers
102 views

Competitive Market Analysis when have to extrapolate price per acre and price per square foot of building?

I am looking to buy a house in rural San Francisco Bay Area and I am trying to carry out Competitive Market Analysis on my own. Unfortunately, in the area where I have found one house that interests ...
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1answer
76 views

Is there any real downside to recasting my US mortgage?

I have been paying additional principal every month on my 30 year fixed mortgage. As a result, I have paid more principal than expected, and can recast my mortgage to lower the monthly payments (and ...
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2answers
263 views

I believe I have paid too much for my home, what are my options? [duplicate]

Pretty self-explanatory here. I have owned the home for just about a year; I still believe in the neighborhood's long term potential, but there is a bit of buyer's market due to COVID and it is ...
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3answers
162 views

Why is it uncommon to sell houses without an agent in the US?

On the surface, real estate transactions are quite mundane. You find a property you like, you get a lawyer to do a background check on the ownership documents and draft up the contract, after which ...
2
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1answer
150 views

Why do house sellers prefer to quickly find a buyer rather than trying maximize the price via a Dutch auction?

When the real estate market is hot, buyers frequently complain about how hard it is to buy a house given that sellers often get multiple competing offers within a few days, so you have to act fast if ...
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0answers
29 views

Money Transfer to UK

I bought a holiday apartment in Goa some years ago. I had an NRI account. The bank then changed it to an NRO savings account. I sold it three years ago and the money was paid into this account. I wish ...
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2answers
93 views

Tax liability of living in a property that is owned by the company you work for

If the CEO of company A lives not-permenantly (1yr) in a property that is currently owned (mortgaged) by company A which they are an employee of, will there be a tax liability implied for said CEO ? ...
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1answer
50 views

How can we know the capital appreciation of property in an area? [closed]

Let's say I wanted to buy a property in a certain area, I want to know how much of appreciation I am expecting in the next 5 years. What are methods that one can determine the appreciation?
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0answers
32 views

Two year rule for excluding long term capital gains from the sale of my primary residence

I have two homes I live in equally. I travel between the two weekly. I spend 3 nights in one and 4 nights in the other and then flip that. Sometimes I stay a week to ten days in either of them at a ...
4
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1answer
174 views

Do I have to put 20% down on a condo so that I don't have to live in it for 1 year before renting it out to tenants?

I really want to purchase a condo and rent it out to tenants for some extra cash flow here in Queens, NY. I contacted a mortgage loan officer and he told me that I HAVE to put 20% down if I decide not ...
1
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1answer
62 views

When doing a FSBO, do you usually offer a percentage of the sale for real estate agents to bring their clients?

When doing a FSBO, do you usually offer a percentage of the sale for real estate agents to bring their clients? I'm wondering of I should use a for-sale-by-owner (FSBO) site or just list my house in ...
4
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1answer
80 views

Which professionals should I work with for a 1031 exchange?

I know what a 1031 exchange is, and it's complex enough to know that I need help with it. The problem is I'm not sure who I need help from. My property I'm selling is about to start escrow and my ...
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1answer
129 views

Buy real estate without paying tax on earnings

I own an s-Corp doing computer programming. Annual revenue roughly 100k. It’s sitting in a bank account. Can my s-Corp use that money to buy assets(real estate) worth 100k and show 0 income for the ...
1
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1answer
92 views

Paying commission to buyer who is a real estate agent

My listing agent found a buyer (her friend!) who is also a real estate agent. Is it ethical for this buyer (a real estate agent) to expect commission when she is buying my house? In this case, she is ...
2
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2answers
114 views

earnest money and security when buying a house in Vancouver

I am in Vancouver and planning to buy a townhouse. There is approximately a difference of 2 months from the day I make the deposit to the closing day (which I see as the funding day). I am starting my ...
2
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1answer
72 views

mortgage protection through term life insurance vs mortgage insurance

I hear that mortgage protection through term life insurance is an alternative to mortgage insurance. I am not making a 20% down payment so I believe I will need to get one of those. What are the pros ...
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1answer
144 views

If a realtor buys a home for themselves, do that still get paid the buyer's agent premium, or is all the commission kept by the listing agent?

In my area, based on the Buyer Representation Agreement I have seen, Buyers Agents are paid from the listing agent ~2.5-3% of the sale price. If an agent is looking to buy for themselves, is this fee ...
2
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1answer
281 views

Too good to be true, skill or luck? 25-year old “millionaire”

I came across this article on CNBC: https://www.cnbc.com/2020/02/28/budget-of-millennial-millionaire-who-saves-80percent-of-his-income.html This guy bought his first house at 23 by using his $19k in ...
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0answers
37 views

Do new apartment complexes increase local property value?

I am a US citizen living in the US. I recently purchased a condo in Philadelphia. Within a 2 block radius of my property are a lot of vacant lots. In addition to new home/condo construction that has ...
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3answers
141 views

Can I give away part of my land in hopes of getting lower property tax?

I found a house that I really like. It's relatively cheap with 3,4 acres of land. The reason why is cheaper is probably because it has high property tax. I was wondering if it's possible to give away ...
23
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4answers
7k views

Buying a house. Seller wants cash now and move only next year, renting same house in meantime

A relative of mine found a fantastic house on the market (Canada), evaluated 750k. He knew there were 3 other buyers making offers and he was entering a bidding war. He made an 800k offer and was the ...
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2answers
78 views

Is property tax assessed on real estate transaction fees as well (California)?

In California seller usually factors in many of the fees in the listing price, such as the seller and buyer agent fees. To best of my understanding these fees can amount to around 3% for each agent. ...
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2answers
242 views

Moved out of my apartment. Can the rental company charge me for resurfacing the bathroom?

My spouse, daughter and I stayed in a rental apartment for 2 years and we recently moved out. Today I received a moving out statement from the rental company which mentions bathroom and bathtub ...
1
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2answers
150 views

Do Mineral Rights stay with the original land owner through death or can the current land owner retrieve them?

My husband and I are looking to purchase a hundred acre property in Western NY. The current owner says the original owner is receiving payment for gas mineral rights associated with the 100 acre ...
0
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2answers
165 views

For a risk-averse investor, is it ever justifiable to invest in real estate over an index fund?

Let's say I have a chunk of cash sufficient to cover a 50% down payment on an average house (£600k). Or, buy an inexpensive house outright. Let's also say I must use the money for real estate—I cannot ...
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2answers
72 views

Capital gains and unable to claim it as my primary residence because I have to work from overseas

Is there a way for a partial exclusion in this situation: I left the US in 2016 to work from Istanbul, and still no end in sight as to how long I will be here. I have to sell the property (the only ...
0
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0answers
77 views

What is your gross annual income if you have just left your job?

I, US citizen living in the US, am looking for purchase a home. In looking up grant programs for downpayment assistance, I realized many have caps on gross annual income. My question is, if it is the ...
2
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1answer
77 views

Could we put less down-payment then what is on the offer we signed to the seller?

We originally made an offer with 90k down, but they countered and we accepted and want to do less now, 68k down payment to build a bathroom. We're in escrow right now. Will there be a problem with ...
14
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1answer
4k views

My broker brother-in-law and sister managed my father's stock and estimated million dollars disappeared before his passing [closed]

My broker brother-in-law and sister managed my father's stock. I know he made illegal trades and used my fathers account to buy sell trade to cover his purchases. He was fired from three companies for ...
1
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0answers
92 views

Taxes on selling a house I rented

I paid $200,000 for a house in 2007. I lived there until 3 years ago, at which point I rented it out because the real estate market was not good. Now, it is able to be sold for $250,000 I understand ...
0
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2answers
63 views

When a company buys property, can it reduce tax to the point of achieving a net gain?

"‘Our main priority is to highlight the large number of empty buildings in London and to try to ensure they don’t go to waste when there are so many homeless people,’ Jed Miller, one of the anarchists ...
3
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2answers
339 views

Is it better to have a higher value house on lower value land or vice versa?

I, US citizen with a single family home in Philadelphia, was doing a bit of investigating regarding my property taxes. My home was purchased for $400k. At the Philadelphia property tax rate of 1.399%,...
0
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0answers
30 views

selling vs renting [duplicate]

This is a rather broad question, but I am torn. I inherited a townhouse from a relative. Does anyone have any insight into the long term value of selling vs renting? (I'm handy, computer competent, ...
1
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0answers
27 views

Year End Taxes for Property Sale

My grandmother & grandfather (who are now divorced if that matters) purchased a 5 acre lot in Texas in the 1980's for $30,000. In 2017 my grandmother signed her portion of the deed over to me and ...

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