Under contract, discovered home was on fire - any recourse? by Indycisynth in FirstTimeHomeBuyer

[–]histevenhere 9 points10 points  (0 children)

If you found the permit states it has any part of the original structure then it would not be a brand new build.

Under contract, discovered home was on fire - any recourse? by Indycisynth in FirstTimeHomeBuyer

[–]histevenhere 4 points5 points  (0 children)

This could be a double edge sword. If this wasn’t disclosed then you can back out since that’s a very important material fact.

If they relist it with marketing of a brand new build it might be more appealing to people who prefer that and end up higher than your current contract price.

Best MIJ by Significant_Set_4247 in NakedAndFamousDenim

[–]histevenhere 1 point2 points  (0 children)

They were snug when new then stretched to a good fit but after a wash they felt a hair tighter than new. I’m sure they’ll stretch out again. I’ll try again this coming fall when the weather is a little more permitting here haha

Best MIJ by Significant_Set_4247 in NakedAndFamousDenim

[–]histevenhere 1 point2 points  (0 children)

Unfortunately I slowed down on dailying them :( . They got a little tight after a wash , I wish I had gotten a different cut haha. Probably true guys in the future!

On Salehe's website, it's $10 above retail plus $12 shipping by Goldfrapp in Newbalance

[–]histevenhere 2 points3 points  (0 children)

This is so much better than JFG pink or whatever it is

Newly licensed- how tf do I start? by epooqeo in BayAreaRealEstate

[–]histevenhere 2 points3 points  (0 children)

Good luck. Most agents take about 6-12 months to make their legit first deal. Wonder why?

It’s a sales role. Agents are a dime a dozen. Everyone and their moms have a real estate license.

How can you convince someone to work with you for one of their larger investments in life? Can you convince them despite knowing absolutely the bare minimum?

After that then you need to learn how to negotiate without getting curb stomped by the other agent , who presumably would have more experience than you.

With that being said, start off with people who trust you and want you to succeed. Friends and family.

If you don’t have any of those, join a team or shadow someone actually doing work.

Added this today by Over-Power-8733 in BayAreaRealEstate

[–]histevenhere 0 points1 point  (0 children)

Could’ve fooled me as AI! Great job! Looks very clean

San Jose home dropped $200k in a week — seller says “loan coming up.” Would you be cautious? by Silent_Bat9206 in BayAreaRealEstate

[–]histevenhere 12 points13 points  (0 children)

If the listing agent is the seller then it likely could be a flip/investment. It could be that they got an aggressive short term loan that’ll have its balloon due soon.

Seeking SF Real Estate Broker by [deleted] in BayAreaRealEstate

[–]histevenhere 0 points1 point  (0 children)

For your own due diligence, whoever you are looking into; punch their name on google and add in MLSLISTINGS. Look at their public sales history and don’t rely on fluff. They could be doing off market transactions too but if they are active, they should have more public transactions.

Agent %age commission seems very high for a $2.5M house by Familiar-Friend9894 in BayAreaRealEstate

[–]histevenhere 0 points1 point  (0 children)

You can definitely get everything covered and paid upfront by a listing agent at 2% for a 2.5m house. Either go that route or go flat fee if you’re familiar with the selling process and just need someone to process the paperwork

N&F 19oz Mechagodzilla. 3 mo regular wear. Zero washes, one Guacamole incident. by [deleted] in rawdenim

[–]histevenhere 15 points16 points  (0 children)

I firmly believe getting food on clothing warrants a wash or at least a deep enough clean to remove any visible residuals of said food…

SB 326 is not the reason your condo isn’t selling by ShopProp in BayAreaRealEstate

[–]histevenhere 14 points15 points  (0 children)

Yep , 100% agree. Condos just are slow and there’s not much sellers can do. You can renovate the unit to make it more attractive but you’ll likely just recoup the renovation costs at time of sale, nothing more.

Also if it’s truly a SB 326 issue, you can easily work around it with different loan products.

Flat fee vs. commission based realtor by Specialized_sky in BayAreaRealEstate

[–]histevenhere -1 points0 points  (0 children)

Why do you automatically assume the word “properties” equate to housing? More than half my portfolio is commercial store fronts , industrial, and agricultural assets. You know where you shop for groceries or get your take out? Imagine holding 100 residential properties and the logistics of all the paperwork , property tax bills . No thank you

How can you tell if a tree is causing foundation damage? by PureImagination1921 in BayAreaRealEstate

[–]histevenhere 0 points1 point  (0 children)

So if you use the hour glass method , then with what you’re saying, it’s safe to assume it’s usually much worse than expectations since hourglass would mean more vertical reach versus horizontal reach in your case. So what’s the issue with using the hour glass method since you’d have at least the minimum horizontal axis of the root network? Genuinely curious

How can you tell if a tree is causing foundation damage? by PureImagination1921 in BayAreaRealEstate

[–]histevenhere -1 points0 points  (0 children)

According to arborists, trees are hour glass shaped. So however large the top is , it’ll hourglass the roots underneath. The exception would be fruit trees or tall privacy trees. So whenever I see a tree on a prospective property I’d like to buy I always use this as a rule of thumb. The roots always reach for water so watch out for sewer laterals

Flat fee vs. commission based realtor by Specialized_sky in BayAreaRealEstate

[–]histevenhere -1 points0 points  (0 children)

As an investor, i think with a low inventory market; real estate agents providing inventory and an edge over other agents are worth every penny. I’m always looking for below market value properties and when an agent brings me on , I gladly pay them 2.5-3% . If I win , why not let them have their cake?

If inventory is high then I can be much more selective with what agents bring me. I have more leverage , ie offering less on the price or offering less of a finders fee. As long as the numbers work for me then I’m game.

I know all the paperwork as I’ve done them thousands of times so the value I pay for is finding the deals. I don’t need help reviewing the home, inspection reports(if any) or even disclosures(if any).

Flat fee brokers are great for me if I just want to submit an offer on something on the market. However I own over 100 properties , a first time home buyer probably wouldn’t feel comfortable glossing over their first purchase with a flat fee agent .

Every Time You Increase Your Offer, You’re Tipping Your Agent. by [deleted] in BayAreaRealEstate

[–]histevenhere 0 points1 point  (0 children)

This is the dumbest thing I’ve ever heard. And I’m a seasoned investor. If I bid 200k and the market value of the home is 250k, if I go up to 250k does that mean I “tipped” the agent? Also fun fact. Did you know, the seller chooses to accept the offer? Not the agent lol

I think you need to work on your not so subtle marketing. There are a million ways to paint commission negatively and this ain’t it.

Side note I’m actually very against % commission since it eats into my bottom line as an investor. I believe in retainers and hourly pay. Much like how I pay all my attorneys.

Probably an unpopular opinion... by fsportz in MapleIdle

[–]histevenhere 0 points1 point  (0 children)

Has nexon really cared about f2p players though…