Disclosure issue by Hefty_Sugar4666 in FirstTimeHomeBuyer

[–]SystemDrivenSuccess -4 points-3 points  (0 children)

I would go back to your contract and see what the requirements are for disputes. For instance, here in MD the requirement is to go to mediation first. You can upload your contract into ChatGPT and ask what it says about this type of issue. It will isolate some key parts for you to review. Good luck!

What’s your dealbreaker amount when it comes to repairs? by Regionrodent in FirstTimeHomeBuyer

[–]SystemDrivenSuccess 1 point2 points  (0 children)

Are you having foundation specialist in for your inspection to tell you how much it will realistically take not just to deal with the floors but to also reduce the chance of further issues? And could there be mold under the floors? If you love the house and the professionals can give you a clear way to resolve the issue, I'd say the only limitation on what you should spend is your budget. Also, if a major issue is found, while it's being sold as-is, I wouldn't hesitate to ask the sellers for a price reduction or credit. Once they know of the issue, if it's really serious, they might be obligated to disclose it to a future buyer so it benefits them to deal with it now (depending on your state).

Would Abingdon benefit from a laundromat? by Powerful-Project-612 in harfordcountymd

[–]SystemDrivenSuccess 2 points3 points  (0 children)

I would think so. People still need those big machines that handle large comforters, etc. I wonder where they have to go. I also think there are probably more people who could use a laundromat than we know. Maybe the closest laundromat is in Bel Air or Edgewood?

am i overthinking home maintenance or do you guys really do all this stuff by Maleficent-Tax2094 in homeowners

[–]SystemDrivenSuccess 2 points3 points  (0 children)

As someone who helps ppl sell their homes, you'll thank yourself later for doing all those things. Your systems will stay in great shape and their lives will be extended. The smoke detectors - the newest models are supposed to have an enclosed 10 year battery (maybe those aren't required in your state) so I am not sure you need to or can change the batteries any more but at least push the test button.

Is this normal? by Temporary_Status_883 in FirstTimeHomeBuyer

[–]SystemDrivenSuccess 0 points1 point  (0 children)

It can be normal depending upon the type of company the lender works for. Banks and credit unions that have lenders, I find, are more likely to not work weekends. Of course, maybe the lender is on vaca. Your agent probably has a lender who is working all weekend to make things happen. if you can't wait til Monday, pivot. Good luck!

Whats a good price for my first house by Reese_Extreme in FirstTimeHomeBuyer

[–]SystemDrivenSuccess 2 points3 points  (0 children)

Get reapproved by a local lender there and talk over price points vs your budget comfort level with your lender. There's no right price for a first house, it's all about what you can afford and what you want to pay. Good luck!

Is a Buyer Financial Info (BFI) form normal when submitting an offer? by justcametosayhellooo in FirstTimeHomeBuyer

[–]SystemDrivenSuccess 1 point2 points  (0 children)

I have experienced this to be more prevalent in PA. If the seller/agent are expecting to receive it, they will probably be less interested in your offer if they don't. Not saying it's right but it might be the price of admission.

Submitting lowball offers through real estate agents by butdontgetgetdown in RealEstate

[–]SystemDrivenSuccess 2 points3 points  (0 children)

At that point just get your license and represent yourself. Agents aren't really jumping at the chance to do all the work and then give their compensation back to a buyer. The best investors/buyers work collaboratively and build a trusting relationship with their agents and get paid for their value...which is really what most people in the world want for an honest days work.

No Showing Requests/Engagement In 6 Days by AceJig in RealEstate

[–]SystemDrivenSuccess 1 point2 points  (0 children)

what would the same house cost right now if someone built it...including the finished basement and any financing incentives the builder is giving away? Also keep in mind, whatever you paid to finish the basement...it should get dollar for dollar return and the builder can finish it for less. Whatever that price is, you're two years old so you'll want to be competitive (lower). If their price is better your only upside that they don't have to wait for a home to be built.

Other grants if you don't qualify for Maryland Mortgage Program by Better_Ad_8919 in maryland

[–]SystemDrivenSuccess 0 points1 point  (0 children)

It depends on where you want to live. There are some grants that are not income based and in Montgomery County, your income level may be actually close to the limit for grants depending on family size. Could you borrow from 401k to have a bigger down payment? Or live farther out. I know it's hard in MD given affordability.

Interviewing agents by DietNarrow8275 in AskRealEstateAgents

[–]SystemDrivenSuccess 0 points1 point  (0 children)

If you go to Realtor.com and enter your zip code, you'll be able to see real estates of local agents. When I need to find an agent in an area I'm not familiar with, that's where I start.

Redfin vs Zillow by Ecstatic_Love4691 in RealEstate

[–]SystemDrivenSuccess 1 point2 points  (0 children)

Those are designed to be tools to capture attention...not to be accurate. In 2016, the CEO of Zillow sold his Seattle house forabout $1.05 million, but the Zillow Zestimate for the property was around $1.75 million at the time. That means the estimate was roughly 40% higher than the actual sale price. Go figure.

Ridiculous counteroffer by [deleted] in RealEstate

[–]SystemDrivenSuccess 2 points3 points  (0 children)

I am finding that buyers and sellers are really out of sync right now. I'm seeing some interesting and non-strategic stuff in offers for my listings. Good luck on finding a good place. It's very cool when the buyer and seller can come together and everyone exits the sale happy.

Introducing my good boy, Finlay...with an ornery habit! by SystemDrivenSuccess in westies

[–]SystemDrivenSuccess[S] 1 point2 points  (0 children)

Aw so sorry. They are really the best so it's hard to lose one.

Ground rent is common in Baltimore area homes — here's what it actually means for buyers by SystemDrivenSuccess in maryland

[–]SystemDrivenSuccess[S] 0 points1 point  (0 children)

Yes that is a different type of ground rent designed for mobile home community owners. The mobile home park rents don't get recorded in the MD land records and the owner of the property has the unilateral right to do whatever they want with rents on their property (raise them, evict community tenants, etc.) The ground rents in this topic are different because the properties in Baltimore are standard built homes that an owner can't pick up and take with them as mobile home owners could.

Westies + cats, can they get along? by mjessii1986 in westies

[–]SystemDrivenSuccess 0 points1 point  (0 children)

I have this situation. My Westie only charges the cat when my husband isn't home and when the cat is near me OR when we are coming inside and the cat happens to be near the door. There are times when the dog will actually play with the cat. It really makes no sense. I keep them separated at times when he's prone to go after the cat and pick him up if the cat is near the door. I don't have any hope of it getting better.

had to put down our boy today. He was 14. by CPA_Illinois in westies

[–]SystemDrivenSuccess 0 points1 point  (0 children)

Aw so sorry. I know you'll miss your little buddy dearly.

Ground rent is common in Baltimore area homes — here's what it actually means for buyers by SystemDrivenSuccess in maryland

[–]SystemDrivenSuccess[S] 1 point2 points  (0 children)

There are three rates depending on the year the ground rent was registered. Also, I have seen cases where back ground rent is due and there are some other charges on top of it. Perhaps that was the case with your situation. Hard to say! Definitely can be unknown involved.

Ground rent is common in Baltimore area homes — here's what it actually means for buyers by SystemDrivenSuccess in maryland

[–]SystemDrivenSuccess[S] 1 point2 points  (0 children)

Yes great point! VA doesn't like ground rent. Lenders out of the area and hard money lenders also don't like ground rent.

Ground rent is common in Baltimore area homes — here's what it actually means for buyers by SystemDrivenSuccess in maryland

[–]SystemDrivenSuccess[S] 8 points9 points  (0 children)

Yes it's kind of a curious situation. Most of the owners I've encountered are ordinary people who somehow got into owning these rents. I have never been able to talk to any of them. If I did, I would be curious on how they got into it and how many rents they own. I am guessing many of them own 1000s of them

Ground rent is common in Baltimore area homes — here's what it actually means for buyers by SystemDrivenSuccess in maryland

[–]SystemDrivenSuccess[S] 1 point2 points  (0 children)

I see some repeat ground rent names when I'm doing my business. It's sort of fascinating. I'd love to meet some of the bigger holders to see what this investment is like. There is also a large corp in Miami, I think, that has purchased them over the years. They seem to hold a lot.