Search found 1049 matches

by jfn111
Mon Jun 10, 2019 6:16 am
Forum: Personal Consumer Issues
Topic: Sports classes in Universities
Replies: 60
Views: 3364

Re: Sports classes in Universities

Way back in the 70's when I graduated from State U PE classes were 1 credit and optional. I took a bowling class with several buddies and we had a blast. (The drinking age was 18 and the class was held off campus at a facility that had a full bar). :sharebeer
by jfn111
Wed Jun 05, 2019 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 5918

Re: Would you buy a house without a garage?

Every house has a buyer, for the right price. Quirky layout, no garage, nuclear power plant next door :shock:
If you can buy the house with enough price adjustments to offset the faults it could work out fine for you.
by jfn111
Tue Jun 04, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Zillow house price estimate
Replies: 44
Views: 5997

Re: Value of Zillow house price estimate

A lot of my buyers use Zillow search to look at houses. I have never had one that brought up the Zestimate when making an offer. I have had a number of sellers get stressed out because of a low Zestimate.
As adamthesmythe said- the Zestimates are worth what you paid for them.
by jfn111
Mon Jun 03, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: best way to deal with mice in a rental property
Replies: 24
Views: 1565

Re: best way to deal with mice in a rental property

I'm surprised the pest control company didn't figure out where the mice are coming in? Putting bait or snap traps is fine to get rid of the ones that are already there but the only long term solution is to seal up the points of entrance so new ones can't enter.
by jfn111
Wed May 29, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Home sale (Estate)
Replies: 33
Views: 1413

Re: Home sale (Estate)

I can't say for sure but it sounds like the agent recommended (or agreed with) paint, repair broken windows and fix front step. This may make the house eligible for FHA or VA financing which will greatly broaden your pool of buyers.
by jfn111
Mon May 27, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10327

Re: House not selling

OK, let’s say I want to fire my agent. How do I go about doing this. What is the best way to do this. Do I just call him and say this is not working and say ill be getting a new agent? I assume you have a listing contract and it is with the broker not the agent. If your dissatisfied with the agent ...
by jfn111
Fri May 24, 2019 12:35 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 12387

Re: Is the housing market starting to collapse?

The starter market is going great guns here in Mpls. If the house is priced under $250,000 there is usually multiple offers.
by jfn111
Fri May 17, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Q re real-estate attorney POA and sale of house owned partly by living trust
Replies: 5
Views: 402

Re: Q re real-estate attorney POA and sale of house owned partly by living trust

I've never signed for a trust but I sign for my investor clients quite often. I've never had any push back from the title company, they've always taken care of the paperwork to have me sign as AIF (Attorney In Fact).
by jfn111
Mon May 13, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: PSA: Do you have working carbon monoxide detectors?
Replies: 44
Views: 2352

Re: PSA: Do you have working carbon monoxide detectors?

We replaced our 4 smoke detectors with combo units. Cheap piece of mind.
by jfn111
Fri May 10, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Title search and insurance
Replies: 14
Views: 1115

Re: Title search and insurance

If your concerned the policy is pretty cheap. The caveat is the policy is usually written after the title company has completed their search. In a cash sale you would probably have to pay for the search as well as the policy. One example- Client was buying a house with a rail line behind the house. ...
by jfn111
Thu May 09, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Title search and insurance
Replies: 14
Views: 1115

Re: Title search and insurance

Yes, she has owned the home since 1982, so the possibility of a title issue is unlikely from what I gather... I'm basically on the fence with purchasing title insurance depending on the costs... Friend told me there can be some things that even the best title searches cannot not find, ie federal ta...
by jfn111
Wed May 01, 2019 8:45 am
Forum: US Chapters
Topic: I'm shocked there's not a local Boglehead chapter in The Villages, FL!
Replies: 9
Views: 1361

Re: I'm shocked there's not a local Boglehead chapter in The Villages, FL!

I am always at a loss to the value of a Boglehead chapter. Sure the encouragement and like-mindedness is great as well as meeting new people. However: Person 1: "So how are you invested?" Person 2: "Three fund portfolio, 60/40/10." Person 1: "Me too, but I am 70/30/10." Person 2: "" Person 1: "" Pe...
by jfn111
Mon Apr 29, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: WSJ--How Schwab Ate Wall Street
Replies: 82
Views: 9426

Re: Schwab article in WSJ today

My wife has a decent sized IRA at Schwab and we rarely hear anything from them. We get an occasional invite to watch a webinar but we never do.
by jfn111
Mon Apr 29, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Cheapest Realtor exam course ?
Replies: 12
Views: 1118

Re: Cheapest Realtor exam course ?

You might want to ask the question in the RE Professionals section of http://www.city-data.com/forum/
I believe there are some CA agents that post there.
by jfn111
Sun Apr 28, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Credit is frozen, how do I apply for credit card?
Replies: 16
Views: 1424

Re: Credit is frozen, how do I apply for credit card?

You should have a pin number setup with the three credit bureaus. You can log into their sites and unfreeze. I believe all of them you can set a time for it to reactivate the freeze, something like 48 hours.
by jfn111
Sat Apr 27, 2019 5:08 am
Forum: Investing - Theory, News & General
Topic: How to sell home remotely
Replies: 2
Views: 433

Re: How to sell home remotely

I'm planning on selling my home I've been renting out for the past four years. I currently have a property management firm that takes care of the tenant relationship and any maintenance calls for a 9% (of rent) fee. I have had the same tenant for the past 4 years and from what I hear (I moved to a ...
by jfn111
Wed Apr 24, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Navigating the Appraisal and Inspection as a Seller
Replies: 36
Views: 1880

Re: Navigating the Appraisal and Inspection as a Seller

Does anyone have experience with inspection related issues and disclosures? Like if a seller does not want to be made aware of a problem found on a buyer's inspection is it reasonable to reject a copy of the report so you are not forced to disclose something in the report (whether it is valid or no...
by jfn111
Wed Apr 24, 2019 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Navigating the Appraisal and Inspection as a Seller
Replies: 36
Views: 1880

Re: Navigating the Appraisal and Inspection as a Seller

Have your realtor ask for backup offers from the other bidders and try to get at least one agreed to in writing. If the selected buyer asks for the world to lift the inspection report let them know you have a backup offer and are willing to bail out if they make too many demands for repairs. If it ...
by jfn111
Sun Apr 21, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Affordability Question
Replies: 19
Views: 1525

Re: First Time Home Buyer Affordability Question

You can Google "Buyer's Closing Cost Calculator" for X State. This will give you the basic costs. Add another $1,500 or so if you want title insurance.
by jfn111
Sat Apr 20, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advertising
Replies: 8
Views: 583

Re: Real Estate Advertising

In my town people send postcards with photos of houses I just bought and tell me they will buy it. I just bought 3 rental houses about 3 weeks ago and I get a ton of postcards...with photos of the houses I bought. They are local flipper investors who are in so dire need of inventory. It's not the b...
by jfn111
Sat Apr 20, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advertising
Replies: 8
Views: 583

Re: Real Estate Advertising

Locally (Washington DC area) I hear a lot of radio ads for realtors. One promotes its 1% commission for sale of your home. Two others advertise that they have hundreds of folks ready to buy your house AND they each say they guarantee your asking price OR they will buy the house themselves at the ag...
by jfn111
Sat Apr 20, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: Advice on non warrantable condo in Bellingham
Replies: 17
Views: 1497

Re: Advice on non warrantable condo in Bellingham

We had this situation with a listing in this type of building. 2 owners owned 70% of the units. We sold the unit twice but both times lenders backed out because of the low reserves. We finally sold it to a cash buyer at a substantial discount to comparative units in other buildings.
by jfn111
Fri Apr 19, 2019 4:48 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 80
Views: 5270

Re: In which companies do you own a single share, or token amount, of stock?

I've been slowly selling off my old ESOP shares in MO. At one time it was 10% of my 401K and now it's less than 1%.
by jfn111
Fri Apr 19, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advertising
Replies: 8
Views: 583

Re: Real Estate Advertising

Locally (Washington DC area) I hear a lot of radio ads for realtors. One promotes its 1% commission for sale of your home. Two others advertise that they have hundreds of folks ready to buy your house AND they each say they guarantee your asking price OR they will buy the house themselves at the ag...
by jfn111
Fri Apr 19, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advertising
Replies: 8
Views: 583

Re: Real Estate Advertising

The last realtor I used (when selling a place), had been regularly sending periodic mailers (to I assume everyone in my condo development) saying how they "specialized" in condos in our area, playing up the hot market and recent comparable sale prices, and that commissions were lower with them. Whe...
by jfn111
Fri Apr 19, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advertising
Replies: 8
Views: 583

Real Estate Advertising

A question for all the home owners and future home owners out there- Since I'm to stupid to retire :oops: I would like to ramp my business up a bit. I have relied on sphere of influence and referrals from past clients but I think it's time to start advertising. I have read comments here that stated ...
by jfn111
Wed Apr 17, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Home Insurance
Replies: 8
Views: 659

Re: Home Insurance

Thank you all. Very informative.
by jfn111
Wed Apr 17, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Home Insurance
Replies: 8
Views: 659

Home Insurance

A fellow Realtor is having problems with a home not being insurable. I had never heard of companies stigmatizing a house and not the people making the claim. Has anyone ever heard of this and a solution? "Insurers have their own MLS called CLUE (Comprehensive Liability Underwriter's Exchange)... whe...
by jfn111
Fri Apr 12, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's Agent - Tiered Commission structure?
Replies: 15
Views: 1113

Re: Seller's Agent - Tiered Commission structure?

I sold with 4% comission last year (2.5% to buyer agent and 1.5% to seller agent) but my seller agent was also buyer agent on purchase of the 2x as expensive replacement house that was done just a month prior, so he gave me a break. He was actually willing to settle for 3.5% if he was the one bring...
by jfn111
Wed Apr 10, 2019 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Finding buyer's agent if we might buy our current rental
Replies: 8
Views: 525

Re: Finding buyer's agent if we might buy our current rental

There are plenty of Buyer's Agents that would be happy to work with you under those circumstances. Real estate is a numbers game. I don't expect to close a deal with everyone I take out to look at houses.
by jfn111
Tue Apr 09, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Which lenders give mortgage pre-approval good for >4 months?
Replies: 23
Views: 1389

Re: Which lenders give mortgage pre-approval good for >4 months?

This is how I usually handle things with my buyers. They get pre-approved with the lender of their choice. At this stage the pre-approval has more to do with the type of financing- conventional, FHA, DVA and maximum price. I will talk with the lender and they will let me know if the buyer needs clo...
by jfn111
Mon Apr 08, 2019 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Question on Purchase that Fell Thru
Replies: 25
Views: 1848

Re: Real Estate Question on Purchase that Fell Thru

I have had this happen to me, representing the buyer, and it sucks. But... a verbal agreement means nothing. I'm sitting here right now waiting for a signed copy of a contract. Only when I have the "Finalized Purchase Agreement" in my hands do I feel we truly have a deal.
by jfn111
Mon Apr 08, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Which lenders give mortgage pre-approval good for >4 months?
Replies: 23
Views: 1389

Re: Which lenders give mortgage pre-approval good for >4 months?

This is how I usually handle things with my buyers. They get pre-approved with the lender of their choice. At this stage the pre-approval has more to do with the type of financing- conventional, FHA, DVA and maximum price. I will talk with the lender and they will let me know if the buyer needs clos...
by jfn111
Sat Apr 06, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Which lenders give mortgage pre-approval good for >4 months?
Replies: 23
Views: 1389

Re: Which lenders give mortgage pre-approval good for >4 months?

Pre-approval doesn't mean much more than a pre-qualification letter. Here is one I got today for a client- THIS PREAPPROVAL IS BEING ISSUED BASED ON AN AUTOMATED UNDERWRITING SYSTEM GENERATED APPROVAL. ALTHOUGH AN AUTOMATED UNDERWRITING SYSTEM GENERATED APPROVAL IS VALUABLE, IT IS NOT A FULL LOAN A...
by jfn111
Sat Apr 06, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Which lenders give mortgage pre-approval good for >4 months?
Replies: 23
Views: 1389

Re: Which lenders give mortgage pre-approval good for >4 months?

Pre-approval doesn't mean much more than a pre-qualification letter. Here is one I got today for a client- THIS PREAPPROVAL IS BEING ISSUED BASED ON AN AUTOMATED UNDERWRITING SYSTEM GENERATED APPROVAL. ALTHOUGH AN AUTOMATED UNDERWRITING SYSTEM GENERATED APPROVAL IS VALUABLE, IT IS NOT A FULL LOAN AP...
by jfn111
Fri Apr 05, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Submitting Backup Offer on Home
Replies: 35
Views: 2443

Re: Submitting Backup Offer on Home

Your Realtor should never send you pictures of prospective Buyer's, or their children. Someone from a protected class could claim you made your choice based on an illegal preference. The buyers sent the letters and pictures. Let's not imagine something that didn't actually happen. The buyer's would...
by jfn111
Fri Apr 05, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Submitting Backup Offer on Home
Replies: 35
Views: 2443

Re: Submitting Backup Offer on Home

We put an offer in and it was our "dream home". The seller's agent requested "best and final" offers. I had an appraiser friend do an appraisal on it before putting an offer in. Our realtor thought it was slightly overpriced. We went in about $5,000 over asking price which was as much as our realto...
by jfn111
Mon Apr 01, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate question: lower the asking price or spend to repair
Replies: 26
Views: 1355

Re: Real Estate question: lower the asking price or spend to repair

Open Houses- We usually do these to keep the seller's happy. We do sell an occasional house because of the open, maybe 10-15%. (I'll pickup an occasional buyer to represent at about the same percentage.)
by jfn111
Sun Mar 31, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: [Selling house, what is the appropriate realtor's commission?]
Replies: 9
Views: 1254

Re: [Selling house, what is the appropriate realtor's commission?]

In our Brokerage we have to offer the Buyer's agent at least 2.7%. So... anything above 2.7% is negotiable. If he's helping you sell and buy he should cut you a deal on the sell side. When I helped the kids sell and buy I sold their house for a 2.75% commission. (That about covered the photo's and s...
by jfn111
Fri Mar 29, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4528

Re: 11-year old with iPhone - advice on how best to manage?

The problem with getting a kid a cell phone is it never ends. My daughter (36) and my son (33) are still on my plan. :shock: (For many plans the 3rd and 4th lines are cheap so it saved THEM a lot of money just staying on our plan). My adult 22-year old college student daughter is still on our plan....
by jfn111
Fri Mar 29, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4528

Re: 11-year old with iPhone - advice on how best to manage?

The problem with getting a kid a cell phone is it never ends. My daughter (36) and my son (33) are still on my plan. :shock:
(For many plans the 3rd and 4th lines are cheap so it saved THEM a lot of money just staying on our plan).
by jfn111
Tue Mar 26, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Need buying rental property from family advice
Replies: 16
Views: 990

Re: Need buying rental property from family advice

A $315,000 price for $48,000 per year gross rents?
I'd have people standing in line to buy it.
by jfn111
Tue Mar 26, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Buying a home
Replies: 13
Views: 887

Re: Buying a home

I would just worry about location. I sell houses all the time that have things like heart shaped love tubs in the master bath. These must have been popular way back when but the buyers just roll their eyes today. Buy buying a house in a desirable area you will maintain sale ability regardless of how...
by jfn111
Wed Mar 20, 2019 8:26 am
Forum: Personal Consumer Issues
Topic: Home with black mold
Replies: 22
Views: 2566

Re: Home with black mold

Mold scares away most buyer's so we use it as leverage, with my Rehabber's, to negotiate a discount on the price. Usually, the mitigation is fairly easy as long as you can determine the original cause.
by jfn111
Wed Mar 20, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4869

Re: College for average kids

I have a little bit of Dyslexia and struggled at times in school. I finished College with a 2.7 GPA. The degree got me into Mega Corp, no one ever asked about GPA, and I had a successful 33 years in Sales and Logistics.
by jfn111
Mon Mar 18, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on house in 2 weeks.... temporary occupancy dispute
Replies: 37
Views: 2992

Re: Closing on house in 2 weeks.... temporary occupancy dispute

If it's in the contract then it should be a done deal. They pay. If they balk at the closing table then your choice is to cancel the purchase agreement or close and pursue non-performance in court or arbitration. (You probably signed an arbitration agreement as part of the purchase agreement.)
by jfn111
Sat Mar 16, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a "buyer broker" when home hunting
Replies: 22
Views: 1429

Re: Getting a "buyer broker" when home hunting

When I'm listing a house there is often a clause in the listing contract that the SELLER gets a reduced listing fee if I handle both sides of the transaction. Don't assume there is always a set number the listing agent has to play with to represent you. I just finished a transaction where I was to r...
by jfn111
Tue Mar 12, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How many companies have you worked for?
Replies: 125
Views: 6482

Re: How many companies have you worked for?

Started Post college life with J C Penney's in 1978. (Many pre and college era jobs). Switched to Mega corp in 1979 and worked there 33 years. In retirement I've worked for 2 real estate companies.
by jfn111
Tue Mar 05, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: How the Fed calculates household's Net Worth
Replies: 99
Views: 6138

Re: How the Fed calculates household's Net Worth

If we ever have a wealth tax we'll all learn how to properly define net worth. :shock:
by jfn111
Mon Mar 04, 2019 5:10 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 909
Views: 165218

Re: Boglehead Beer

roymeo wrote:
Tue Jan 22, 2019 7:37 pm
Good thing it's not 2017 anymore--we're safe.
+1 :sharebeer