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Questions tagged [real-estate]

A tag for questions on real estate or property.

5
votes
1answer
112 views

What can I do about a company in part of real estate transaction refusing to do work?

I recently bought a house. The seller agreed to give me a check to company of my choice for work I wanted done to the house. My father recommended a company to me. I had them come look at the house ...
5
votes
6answers
252 views

How can I save on closing costs when buying a home?

A quick google search shows that closing costs on a home end up being around 2-5% of the purchase price of a home, which adds up to thousands of dollars. Assuming I'm willing to do my homework and I'm ...
15
votes
2answers
6k views

Typical discount for cash purchase on $1+ million homes?

I understand that it is common to get lower than the asking price when offering cash for home purchase, but I am unclear how much a discount I should look for. Also, I am wondering to what extent it ...
19
votes
7answers
4k views

When do buyer real estate agents expect you to sign with them?

I am totally new to the home buying process. I looked online at some houses that I liked, and the realtors who I was put in contact with told me to come and take a look. After I got off the phone with ...
1
vote
3answers
181 views

Buying a home - brokerage fee

I am the buyer. My broker is having me sign a Exclusive right-to-represent contract. I am already not comfortable with exclusivity but if I go through with it there is a statement that says (...
31
votes
4answers
7k views

'Gifting' a house in the UK

In UK news recently, there has been much talk about so called 'dementia tax', that is, the government using assets (such as property) to pay for social care in old age. Whether or not people should ...
3
votes
1answer
50 views

What kind of attorney should I hire for a foreign real estate sale?

I own real estate outside the US and I intend on selling it in the next couple of years. While I'm not a US citizen, I did marry one and I am in the process of getting a Green Card. I'm currently on ...
6
votes
1answer
115 views

Can I take a loan against my building to reinvest in my business?

I own my business building, it is a restaurant. It is worth about $400,000. I have average credit. Can I use my building to take out a loan to reinvest in my business? How easy is the process if yes?
3
votes
2answers
377 views

Buying a house with a quitclaim deed

I'm thinking about buying and rehabilitating a condemned house that is being offered with a quitclaim deed. I can confirm that the seller is the most recent title holder via county records. From my ...
5
votes
2answers
325 views

First time investing in real-estate, looks decent?

About my personal finance & money : I am 24 living in Quebec city, Canada; I earn a stable 75k/y + some unstable freelance revenue (20k last year); I own a 220k house for which I have a 114k ...
1
vote
1answer
59 views

Property registration policy

My mom owns a property at Tanjore which is not ancestral instead purchased by Dad's self earning and registered on my mom's name. Recently they built a house on that land getting housing loan from SBI ...
3
votes
1answer
83 views

Under offer on land based on previous sale price

I'm considering buying a section to build my 1st home on (the city I live in is crazy competitive and expensive due to a major earthquake 7 years ago on top of NZ's already bonkers real-estate market, ...
3
votes
1answer
80 views

How does depreciation affect real estate capital gains tax in Ontario?

I recently sold a rental property (condo) for a profit. I owned it for 6 years, lived for the first two, then rented it out for next 4 years. I never claimed depreciation allowance—stupid me. Am I ...
13
votes
2answers
488 views

How do you subdivide land to sell parcels to your neighbors?

I am considering buying an investment property that has a small house and an acre of land attached. The shape of the parcel is very long and narrow, so the land isn't terribly useful except for ...
0
votes
0answers
29 views

Transferring overseas personal property to my company (incorporated IT in Canada)

My wife owns a condo overseas She would like to transfer this condo to our Inc. (Incorporated IT professional) and to start renting it. I think that this falls under Transfer of a property to a ...
0
votes
3answers
174 views

Money put down on home

My boyfriend and I bought a house together. I put down my life savings of 20,000 dollars, and he put down 1,900. We are no longer together. If we put the house back on the market and get fair market ...
6
votes
2answers
544 views

What are the positives and negatives of buying a home without a real estate agent?

Note, the question isn't searching for a home, but buying a home. If you do the leg work on your own, identify what you're looking for and find it, then what are the downsides of not making the ...
31
votes
7answers
7k views

Long Distance Landlording

I hate for this question to be overly general, but I think the problem is that I don't know what I don't know. My wife and I are thinking about becoming a long distance landlord/landlady, but having ...
-6
votes
2answers
212 views

Is it dishonest to describe a property as move-in ready when it is not? [closed]

In real-estate, when describing a property that clearly is not move-in ready, is it dishonest to describe it as such?
3
votes
2answers
249 views

Seller pays closing costs: cash flows

Is it unorthodox to ask the seller to pay for closing costs up front? Also, if this is an okay thing to do, what are the typical mechanics of the cash flows if this is done? For example, if the ...
4
votes
4answers
490 views

Apartment leased two month notice

I am currently living in an apartment in Atlanta, Georgia which lease ends in two weeks. I called my apartment to tell them I am leaving and wanted to pay my last month prorated bill and they said I ...
1
vote
2answers
101 views

Accounting strategy for depreciating capital expenditures (real estate) that occur in different years?

Suppose I purchase a real estate property in 2010. Suppose in 2011 I perform some capital expenditures that will need to be depreciated. Suppose further that I perform some more capital expenditures ...
12
votes
6answers
4k views

Should I invest in my house, when it's in my wife's name?

I loaned my wife about £50k in order to do work on the property she owns. I did this with a documented loan agreement, and she was not my wife at the time. Now we are married, I moved in, and sold ...
0
votes
2answers
75 views

How to categorize a customer service check on accounting books?

I'm trying to help out a friend with their bookkeeping for a real estate investment they just purchased. I'm pretty sure I have categorized all the closing expenses properly except for one thing. ...
7
votes
3answers
4k views

What happens if I don't pay a utility bill on a house I've already sold?

I recently sold a property I used to own, and was told that the new owner had transferred all the utilities. I followed up on all but one (which were transferred), however it seems that the water ...
4
votes
2answers
105 views

the settlement agreement require a cashier's check and paid with personal check

The settlement agreement requires the payment to be made by either a cashier's check or money order. I made the payment with a personal check. The other party cashed the check and several days later ...
0
votes
0answers
213 views

Can a co-owner on the house deed force me to sell it after he abandoned it?

My ex and I live in Wisconsin. We bought a house together seven years ago. After 1.5 years he moved out. He said he wanted nothing to do with the premises but is now saying that I either must sell the ...
3
votes
1answer
162 views

Reasons to add an REIT to portfolio

I am wondering if someone can point out the advantages/disadvantages of adding an REIT to a basic ETF portfolio that will be cashed out in 3-5 years(or the next good bull mrkt) as down payment for a ...
-1
votes
1answer
62 views

Finding an Investor for Rental Property Renovations?

Is it possible to find an investor who would want to invest in renovating a rental property, without taking an interest in the property itself, but would expect returns when the property is sold at a ...
-1
votes
2answers
87 views

How do I figure out the next step in deciding to sell my home to the market or to a uniquely interested buyer?

I am going to be selling my house soon. It just so happens that the owners of a rental property next door once expressed interest in our home. (In case it's valuable info: They used to live in the ...
0
votes
0answers
56 views

Gather money for a flat or loan [duplicate]

I currently live into my mother's apartment alone. For some years she will live in other country and I will have this for myself. I plan to buy a small flat and then to rent it until I can gather ...
3
votes
4answers
194 views

Should I fund a move by borrowing or selling other property assets?

I have a mortgaged property in the UK where my family live. I still owe the bank about 80k on this property, which I repay at the rate of about 8k per year. The interest rate on this loan is about 5%. ...
1
vote
1answer
255 views

Portfolio choices to hedge the risk of a real estate property

Let's say there's an individual who owns a condominium apartment in a US city, which is being rented out to a tenant. There's still a mortgage owed on the apartment, but there's positive net equity ...
1
vote
1answer
298 views

Why an inner suburbs small apartment considered a risky investment

Recently I was looking at some properties available in large cities inner suburbs (in this case Sydney and Melbourne). What I found is that there are many small apartments available for rather ...
1
vote
1answer
110 views

What foreign Government Taxes of Home buying process can I use in Itemized Tax Deduction?

I bought a house in India in 2016. In that process I had to pay few different taxes to government. I took a loan as well. Which of these can I show in Itemized deductions? Government Taxes Stamp ...
0
votes
3answers
228 views

Family suggests my first real estate. Advice?

My family has been urging me to invest in real estate, but I'm not quite comfortable with the idea, so I'm turning to you, the great StackExchange community, for advice. Here's some facts: I rent ...
29
votes
4answers
12k views

Does a larger down payment make an offer stronger?

I'm a first time home buyer, buying in the Jersey City area. My realtor insists that, given two similar offers, the one with a higher down payment is viewed as a stronger offer. My realtor even said ...
2
votes
1answer
182 views

How to pay my brother his half equity of our paid mortgage in full childhood home?

I own with my brother our childhood home-mortgage paid in full in 1978, which I have resided in to the present time, and need to continue and live in as a low-income senior over 65. How can my ...
1
vote
1answer
212 views

How do I minimize capital gains on rental real estate in California?

I am selling a Sixplex. I paid $700,000 for it and can sell it for about $1,300,000. How can I minimize capital gains on the profit? I don't want to buy another property.
4
votes
2answers
500 views

Can I exchange rental property for REIT stock with 1031?

I currently own a rental property but would like to sell due to a number of factors with the property. I have been searching for a replacement property but there is not much for sale presently. I ...
5
votes
5answers
479 views

Expecting to move in five years; how to lock mortgage rates?

I currently own a house with an ARM loan (with ~5 years left before it starts floating). I expect to move out in five years and would want to purchase another house and thus would be getting another ...
16
votes
9answers
3k views

Why do banks finance shared construction as mortgages instead of financing it directly and selling the apartments in a building?

The numbers in this question are for a developing country, so rates may seem high, but I tried to make them look reasonably related to each other to illustrate this question. The question also assumes ...
4
votes
2answers
182 views

Can I sell my own house? Australia

Are there any laws regarding this. I'm not an agent or anything but I have marketing and salesman experience. Will I be able to list my home privately on websites such as Realestate.com?
0
votes
4answers
408 views

Investing $50k + Real Estate

TL;DR: we have a little over 50k in cash in the bank, my spouse has real estate worth over 100k overseas, no debt or mortgage, and one child (under 1 year). What is the best thing to do with what we ...
6
votes
2answers
185 views

Looking for advice on rental property

For about five years, a close relative and I have co-managed jointly owned rental properties together in California. We each have a 50% share and make joint decisions on everything together. This ...
2
votes
3answers
269 views

Using property to achieve financial independence

I am working towards financial independence. The most impressive rate of returns in Pakistan have been in buying property; It provides a greater return than inflation. The property could be rented ...
2
votes
4answers
346 views

Relocating - Shall I sell my house now or wait for its value to increase?

For work reasons I have to relocate. I currently own (it's been just over a year) a house for which I am paying a mortgage. I'd like to make something good of this purchase so I was wondering if ...
2
votes
3answers
649 views

Should I buy out my brother on a property we will inherit before making improvements?

I will be 50% owner of my dad's home when he passes, and I want to own it all, and my brother is willing to sell me his half. Right now my dad is living and it has come to the point where he needs ...
28
votes
5answers
4k views

Why are residential investment properties owned by non-professional investors and not large corporations?

This question is relevant for Australia but I would think that it would apply to other countries too. I've noticed that nearly all residential investment properties are owned by non professional ...
32
votes
1answer
3k views

Do I have to withhold money when buying real estate from a foreigner?

I have recently purchased a house in the U.S. for ~$375,000 (and I'm a U.S. citizen). It was disclosed to me about a week before closing that the sellers were from China. Aside from a few headaches, ...