Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 206 posts and replied 851 times.

Post: When is the best time to sign

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

The buyers want a final walk through at 10AM Monday morning, then go from the house to the title company to sign. I have a padlock on a window there yet. I want to get it Monday morning. That shouldn't be a problem. I don't want to remove it before then. Or, should I wait until after they walkthrough and sign? I don't think there's any problem, I'd just feel better knowing the house was secure to that point. I planned to take all the keys with me to the title co and leave them there. Should I wait untill the transfer is recorded? Closing may not be til the next day.

Apparently I may have the opportunity to sign before they do--earlier on Monday morning, or later in the day, even Tuesday.
Is it better for the seller to sign after the buyer, or befoe? Does it really matter?
Thanks.

FWIW, I accepted an offer of 15K less than what I had hoped to get, because of what I saw as market conditions. I doubt that I could have gotten much more anytime soon. I used a flat fee lister, and the buyer agent had no problem with that.

Post: My beautiful and healthy son was born on June 14

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

Using the quick reply here, Minna, so I hope you get this! Best wishes to you, too, and I sure hope your child arrives today. It's no fun waiting, that's for sure.
Hope all is well with you both.

Post: My beautiful and healthy son was born on June 14

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

AAAAW, gee! what a cutie!
Congratulations to you and your wife, and the very best wishes to you all.
And yes, Happy Father's Day.

Post: Change garage door lock (tenant move out)

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

What about remote controlled locks. Can they be easily--inexpensiovely changed? By the garage door co, or a locksmith? Who?

Post: Obtianing neighboorhood addresses

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

In Tucson, AZ, I can go to the County Assessor's Office website, input a property parcel code #, click on "advaned search" and it opens to various ways to search, including a "subdivision search". Then I click on "search subdivision" and I get the parcel #, Taxpayer, address, use, use definition, total FCV, and lot number.
Try your county assessor website. If that doesn't work, call them and ask them. They may be abale to tell you.

Post: Handling troubled tenant

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

Kevin and Josh (and all the others) are generally correct. There are exceptions.
I am one.

Post: Handling troubled tenant

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45
Originally posted by dj0007:
She is been my tenant for about three months,typical young single mother with two jobs.Right there i thought she was just a good young girl who just made a bad mistake,well at that point i was the one who made the mistake.

Just two weeks after she been in the apt ,the boyfriend moves in,then her sister.
A month later , the cops in the apartment and the boyfriend is out.....Right there i knew i made a mistake.....Soon after that the parties with her girlfriends started to annoy the neighbors and tenants...

I will just call it a monetary loss and a valuable learning experience...And this is basically the third young single mother that after doing little screening and following the good heart instinct i realize soon after they moved that i made a mistake.

I found out the hard way that is typical in the area to go renting as a single mother and a week later the boyfriend moves in, or the alcoholic mother,or the date all men in the neighborhood sister...and it could go on and on.

Will update after my talk with PD.

Again thanks to all who helped

Okay. I know the advice is, as a GENERAL rule, very sound. SPECIFICALLY, maybe not so. Your good heart IS apt to make judgement errors. but don't let it totally harden you. There ARE exceptions.
Maybe a change in your rental/lease agreement, to limit it to one adult and whatever number of kids the parent has. No guests longer than x days.Maybe other more stringent rules. Just be careful to not violate any laws esp re discrimination. Maybe include some reasons for termination of lease :including but not limited to X neighbor complaints, police calls, whatever...

Post: change of financing-how does it affect me

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

The agent just called to say they got their loan, and closing will be on the 30th of June.

As an example of her lies, I asked for a copy of the inspection reports, she talked about it being their property, they paid $350 for it, etc. I told her it's part of the contract and she argued with me. It's lines 195-95. She insisted that means if there's problems, She said she knows her contract thoroughly, and I'm not entitled to a copy. Problems are covered under lines 232-235. She was going to have her broker call and explain things to me. She knows because she just went through this with another By Owner seller and they couldn't have a copy.

HA! she just called back and said her buyers don't have a problem, I can have a copy of the reports.

MY interest and insistance is because they are saying there's several problems, and I want to know what they are. AFAIK, ALL but 2 very minor ones were taken care of. I don't want someone telling me the property was less than, when it wasn't.

Post: change of financing-how does it affect me

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45
Originally posted by J Scott:
Did you originally have a written contract to sell (for cash) on June 30? And then they said that they'd pay cash and close on Friday?

Yes.
I think that's truehere here in AZ, also. Thanks for that--I was wondering about that very thing. Other than that their loan may not go through, what is the downside for me in cash vs financing.

Of course, they can't ask for anything additional from you that isn't in the contract (closing costs, etc), but you can't really stop them from attempting to get financing if they can still close on time.
They have not. Yet. She said she told them to get a conventional loan, but he's retired military, and I'm concerned that he might go VA or even FHA, which may require money from me. That would cost me more money.

I'm wary becauseI feel like their agent lies to me, recently about the condition of my house. esp after their inspection. I had an inspection done 2 years ago by the same licensed inspector, and did most of the work he suggested. Yesterday she said there were two big problems. One, Drainage, and pointed out the problem. That was actually the first item I corrected using the inspectors suggestion for correcting it.

If they can't close by the 30th (or whatever is in the written contract), then you can keep their earnest money, but you probably don't have much recourse in the meantime.
In the future, for cash offers, get a LARGE earnest money deposit (at least 5-10%, if not more), get a quick closing (why drag it out if they're paying cash), and get a POF before you accept the offer.

Thank you. I will. And should have done so for this one...

I've decided to go ahead and continue advertising it and showing it for back up offers, per contract. do I need to tell her?

Post: change of financing-how does it affect me

Account ClosedPosted
  • Tucson, AZ
  • Posts 945
  • Votes 45

To add to the above, the house does not need repairs. It is in move in condition.

There may be things they [i]want[i] done, such as a new kitchen, and they said they would add a covered patio right away, If they had to pay a contractor, that might be 5K and up, but they would be doing most of the work themselves--according to him, so materials and permit only, not labor.