Search found 1199 matches

by jfn111
Fri Nov 27, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Just who do I owe taxes to?
Replies: 14
Views: 1734

Re: Just who do I owe taxes to?

I lived in MN and worked 33 years for a company headquartered in NY City. I only paid MN taxes.
by jfn111
Thu Nov 26, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: In the midst of closing on a home, should I really not be making any purchases (furniture)?
Replies: 19
Views: 1890

Re: In the midst of closing on a home, should I really not be making any purchases (furniture)?

Ask your Lender. It's all about debt to income and they can tell you the right approach for your situation.
by jfn111
Fri Nov 20, 2020 2:13 pm
Forum: Personal Consumer Issues
Topic: pre-1933 gold coins
Replies: 46
Views: 2781

Re: pre-1933 gold coins

Everyone's a comedian on this board. :shock: I prefer the local coin shows and several small local coin shops. The shows are on hold for now in MN but during normal times there is one every 2 weeks. There is usually around 30 dealers at these shows and they are willing to dicker on price. I have pur...
by jfn111
Fri Nov 20, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Unsolicited offer on real estate
Replies: 41
Views: 3756

Re: Unsolicited offer on real estate

I think people are a little hung up on the "30-40" page part. This agent is just sending a full purchase agreement, with contingencies, to the prospective seller. I've never seen this done but maybe this agent has had success with this approach. It is, in my opinion, absurd to send an off...
by jfn111
Wed Nov 18, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unsolicited offer on real estate
Replies: 41
Views: 3756

Re: Unsolicited offer on real estate

I think people are a little hung up on the "30-40" page part. This agent is just sending a full purchase agreement, with contingencies, to the prospective seller. I've never seen this done but maybe this agent has had success with this approach.
by jfn111
Wed Nov 11, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Weird Home Buying Situation
Replies: 17
Views: 2227

Re: Weird Home Buying Situation

Was it the real estate company or the title company? Usually you pay the title company not the real estate company. What part of Alaska? Here in MN the real estate company holds the earnest money in the Brokers trust account. Usually, the money never goes to the title company because it is less the...
by jfn111
Sat Nov 07, 2020 7:18 am
Forum: Investing - Theory, News & General
Topic: Does the fact that a CEO accelerates sales of stocks of his company mean anything?
Replies: 24
Views: 1392

Re: Does the fact that a CEO accelerates sales of stocks of his company mean anything?

Bezos has other investments, like Blue Origin, that burn through a lot of cash. It also might be a bit of a tax hedge to bulk up his cash reserves now in case rates go higher in the future.
by jfn111
Tue Nov 03, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Using Taxable Account for Bank Owned Foreclosure
Replies: 10
Views: 632

Re: Using Taxable Account for Bank Owned Foreclosure

Just a caveat but the winning bid on Auction.com doesn't mean much. The winning bid just becomes an offer to the bank and they have a number in mind they want. I spent a year helping a buyer buy from them and we got it for $50,000 less then they turned down 12 months earlier. I don't know your marke...
by jfn111
Mon Nov 02, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card for Mid 600s Credit Score
Replies: 3
Views: 313

Re: Credit Card for Mid 600s Credit Score

Both Capitalone and Discover have pre-qualification sites were you can test the water before applying. They both have secured cards that graduate to unsecured after a certain amount of time.
by jfn111
Fri Oct 30, 2020 3:28 pm
Forum: Personal Consumer Issues
Topic: Florida Buyer's Agent Agreement Questions
Replies: 6
Views: 307

Re: Florida Buyer's Agent Agreement Questions

My View as an agent- I usually do 90 day agreements. Property description, in my market, is just a checkbox saying for personal or investment and covers the whole state. I have never heard of anyone using a specific mile range. As far as being transferable if they change where they are looking I wil...
by jfn111
Tue Oct 27, 2020 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to get another Credit Card?
Replies: 6
Views: 557

Re: Is it time for me to get another Credit Card?

I would keep the jewelry store card open, it will help with average age of accounts and your total available credit. I would go ahead and try for the rewards card now so all the hard pulls age off together. Make sure you try the credit card pre-approval site so you don't waste a hard pull on a card...
by jfn111
Tue Oct 27, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to get another Credit Card?
Replies: 6
Views: 557

Re: Is it time for me to get another Credit Card?

I would keep the jewelry store card open, it will help with average age of accounts and your total available credit. I would go ahead and try for the rewards card now so all the hard pulls age off together. Make sure you try the credit card pre-approval site so you don't waste a hard pull on a card ...
by jfn111
Wed Oct 14, 2020 8:36 pm
Forum: Personal Consumer Issues
Topic: Itunes Gift Cards, where to get a deal?
Replies: 7
Views: 796

Re: Itunes Gift Cards, where to get a deal?

ZinCO wrote: Wed Oct 14, 2020 6:01 pm They don't really exist anymore. They were recently merged with Apple Store gift cards, and can now be used to purchase apple products (not just media and apps in iTunes). For that reason I wouldn't expect to see much in the way of discounts going forward.
That makes sense.
Thank you!
by jfn111
Wed Oct 14, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: Itunes Gift Cards, where to get a deal?
Replies: 7
Views: 796

Itunes Gift Cards, where to get a deal?

I used to be able to save a few bucks at Sam's Club and get $50 dollars worth of Itunes gift cards for $45.00 dollars. It seems Sam's Club quit carrying them. Anyone know where a good place is to get a discount on these?
by jfn111
Wed Oct 14, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home FSBO guide
Replies: 5
Views: 509

Re: Selling home FSBO guide

The paperwork required is slightly different in each state. Why not just have the attorney draw up the contract?
by jfn111
Thu Oct 08, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for a new Real Estate Agent-from a dad
Replies: 21
Views: 1687

Re: Advice for a new Real Estate Agent-from a dad

"Somewhere around 80% of new agents leave the business within 3 years." I have always been told 80% leave within 2 years, but I'm old and probably behind the times. But either way it explains why there always seems to be an empty desk availble for a new hire. The numbers are all over the ...
by jfn111
Thu Oct 08, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Advice for a new Real Estate Agent-from a dad
Replies: 21
Views: 1687

Re: Advice for a new Real Estate Agent-from a dad

One thing she might consider is joining a team. The team leader will take a cut of her commissions but will also be the one paying for marketing and lead generation. Somewhere around 80% of new agents leave the business within 3 years. It can be a tough grind going it alone until you have enough rec...
by jfn111
Mon Oct 05, 2020 11:28 am
Forum: Personal Consumer Issues
Topic: Has anyone used RedfinNow?
Replies: 33
Views: 3339

Re: Has anyone used RedfinNow?

Sure. Based on the two sales I’d say my house is worth 870k but then after you pay the realtor commission and other stuff I’d get about 820k. I’ll see what they offer. Probably 700k haha. Good luck. A lot of these services are really intended for homes in need of work, and they tend to offer 70-80%...
by jfn111
Mon Oct 05, 2020 7:49 am
Forum: Personal Consumer Issues
Topic: How accurate are Zillow on house prices estimates?
Replies: 38
Views: 4989

Re: How accurate are Zillow on house prices estimates?

Wife's aunt was moved from 3 decker, lead paint, asbestos, knob and tube wiring house built in 1890 in horrible condition to assisted living. Zillow priced it at $295k. House sold for $135k. Accurate? I think they must price based on square feet times some number and they assume all houses are the ...
by jfn111
Wed Sep 23, 2020 8:08 am
Forum: Personal Consumer Issues
Topic: Pay Realtor Per Showing
Replies: 47
Views: 3241

Re: Pay Realtor Per Showing

In real estate the agent is prepared to show as many houses as necessary to close the deal. A good agent will follow what the customer wants and pre-screen the houses. The biggest problem I run into is buyers that are all over the board on their wants. They tell me 4+ bedrooms and 3+ baths then they...
by jfn111
Tue Sep 22, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score mystery
Replies: 26
Views: 2067

Re: Credit score mystery

Banks usually use the middle mortgage score. They run all three credit bureaus and if you had a 780, 760 and 740 from the 3 bureaus they would use the 760 score.
by jfn111
Mon Sep 21, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Home Listing Mess-Up
Replies: 36
Views: 3886

Re: Home Listing Mess-Up

Sounds like: a. a bad realtor, b. one that doesn't want to work with you anymore, or c. one that is overburdened and failed to keep track. If I was happy with the realtor, no big deal. If I wasn't, any one of those reasons is enough for me to find a new one. I'm voting for C with a little A thrown ...
by jfn111
Sat Sep 12, 2020 7:57 am
Forum: Personal Consumer Issues
Topic: Closing disclosure 3 day rule non compliance
Replies: 20
Views: 2125

Re: Closing disclosure 3 day rule non compliance

If the numbers change between the disclosure you received yesterday and the disclosure you receive on Monday and you need additional time to review it, just postpone the closing for a day or two. If you postpone the closing the numbers will change again. Usually, taxes are prorated so a 2 day postp...
by jfn111
Wed Sep 09, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Closing cost logistics confusion
Replies: 4
Views: 594

Re: Closing cost logistics confusion

The escrow company will give you a RESPA form with "Cash to Close". There is generally credits back and forth between buyer and seller for things like property taxes, HOA fees, closing costs negotiated in the contract etc.. Appraisals are the most common item to be paid up front. Inspectio...
by jfn111
Mon Sep 07, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - ignore VA and FHA offers?
Replies: 11
Views: 1216

Re: Selling home - ignore VA and FHA offers?

Any good real estate agent can walk through a home and tell you if it will meet FHA and VA requirements. The inspectors aren't walking through the home with a magnifying glass. They are looking for peeling paint (if built before 1978), broken windows, hand rails on stairs and glaring saftey issues.
by jfn111
Fri Sep 04, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Exterior only appraisals
Replies: 6
Views: 547

Re: Exterior only appraisals

Wells Fargo was one that was doing "drive by" appraisals but that can change at any time. Whether or not we think it's wise the country is getting back to work. I did an interior appraisal measurements and photographs today. The client today was wearing a mask which has been rare.
by jfn111
Sat Aug 29, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 99
Views: 13344

Re: ‘Play money’ invested by Dad growing huge - what would you do?

gmc4h232 wrote: Sat Aug 29, 2020 7:10 am Sell everything, pay off debt. Keep 100k in cash and tell old dad to work his magic again.
+1
by jfn111
Fri Aug 28, 2020 8:58 pm
Forum: Personal Consumer Issues
Topic: safely selling used portable generators
Replies: 24
Views: 1148

Re: safely selling used portable generators

This strikes me as one of those issues that only the Bogleheads can dream up. Has this ever happened before? Anyone can sue anyone for anything. Now winning that lawsuit, that’s a different matter. Like others have mentioned, how is this any different than someone claiming a used lawnmower chopped ...
by jfn111
Mon Aug 24, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Incorrect home history information, what to do?
Replies: 12
Views: 923

Re: Incorrect home history information, what to do?

If it was refinanced with a new mortgage Zillow might pick it up as being sold?
by jfn111
Thu Aug 20, 2020 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: how often do you check your net worth?
Replies: 153
Views: 9881

Re: how often do you check your net worth?

I track my balances monthly. I use the Fidelity aggregator to give me a snapshot.
by jfn111
Thu Aug 20, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3516

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

If I call the listing agent for a house just to see it, am I entitled to later bring in another agent to represent me if I want to make an offer? Can the listing agent insist they want to be the only agent involved? Also, more specifically, if a listing agent shows me a house, could I, for example,...
by jfn111
Wed Aug 19, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3516

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

If I call the listing agent for a house just to see it, am I entitled to later bring in another agent to represent me if I want to make an offer? Can the listing agent insist they want to be the only agent involved? Also, more specifically, if a listing agent shows me a house, could I, for example,...
by jfn111
Wed Aug 19, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3516

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

Whenever attending an open house or listing, you should state that you are already represented. And if they make you “sign in” on a visitor log, you should also write that you are already represented. For any realtors on this board, why do agents ask people to sign-in to the log? I assume that agen...
by jfn111
Wed Aug 19, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3516

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

You can do whatever you want if you didn't sign a buyer rep agreement. The listing agent may deny paying the other agent any commission if they feel they were the procuring cause of you buying the property. Now....the tricky part. If you sign the buyer rep agreement with the new agent you brought in...
by jfn111
Tue Aug 18, 2020 11:22 am
Forum: Investing - Theory, News & General
Topic: When should one share financials with their children?
Replies: 205
Views: 13366

Re: When should one share financials with their children?

I gave my 38 year old daughter a detailed list of where our accounts are in case we get hit by a bus. I didn't give her balances. I didn't want her to have to go on a scavenger hunt looking for our assets.
by jfn111
Sun Aug 16, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal in the times of COVID
Replies: 20
Views: 2089

Re: Home Appraisal in the times of COVID

I do the appraisal in home photo's and measurements for local banks and Fannie Mae. (I do this thru a 3rd party company). I usually run into the opposite of your concerns. The homeowner and family don't wear masks and want to follow me around asking questions. :shock: If you turn on all the lights a...
by jfn111
Fri Aug 14, 2020 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Real estate agent - breach of fiduciary duty
Replies: 27
Views: 3151

Re: Real estate agent - breach of fiduciary duty

We believe our real estate agent has breached their fiduciary duty multiple times: 1- include our personal names in an email to the other party's agent without permission- Your names are on all contracts you signed for the sale? 2- gave the buyer my personal email address without permission (he wen...
by jfn111
Sun Jul 26, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbor's Land
Replies: 139
Views: 4692

Re: Land Border Issues & Aggressive Neighbor - Help Wanted Please

As others have said start by calling your Title Insurance company. That's what you paid them for.
by jfn111
Sun Jul 26, 2020 7:26 am
Forum: Personal Consumer Issues
Topic: Coins
Replies: 28
Views: 2720

Re: Coins

I enjoy collecting coins. Not everything in life has to be a financial investment with a 4% return. There are many coin forums out there. One to possibly start with- https://www.cointalk.com/forums/coin-chat/
by jfn111
Thu Jul 23, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Financial pros/cons of single storey v/s 2-storey
Replies: 12
Views: 1211

Re: Financial pros/cons of single storey v/s 2-storey

That's a tough question because it's geographically specific. Are you the only 2 story in a sea of ramblers? Are you the only 1 story among mega mansions? One stories in our most expensive suburbs are being sold as tear downs to build bigger houses.
by jfn111
Thu Jul 23, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Getting homeowner's insurance for new house - they want a copy of inspection report
Replies: 21
Views: 1827

Re: Getting homeowner's insurance for new house - they want a copy of inspection report

I've never heard of any of my clients being asked for the Inspection report. What happens if you waived inspection?
by jfn111
Thu Jul 23, 2020 7:47 am
Forum: Personal Consumer Issues
Topic: Who's tested for Radon? Who's mitigated?
Replies: 29
Views: 1990

Re: Who's tested for Radon? Who's mitigated?

Here in MN when I represent buyers we usually test for radon. It's about 40% where the readings come in over .4. Mitigation systems are relatively cheap, and the seller has to disclose if a test has been done, so we usually don't have a problem getting a system installed.
by jfn111
Thu Jul 16, 2020 9:24 pm
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 307
Views: 28714

Re: Oddly Difficult to Find Items During the Pandemic

Chicken Gumbo Soup. We use it for our sloppy joes and the grocery stores around here have been out for months. (Apparently Campbell's has been only producing their top sellers.)
by jfn111
Fri Jul 10, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your money for quarterly estimated tax payments?
Replies: 57
Views: 4164

Re: Where do you keep your money for quarterly estimated tax payments?

I like to keep it simple so I have both a Savings account and a checking account setup with my credit union. I keep the tax money in the savings account and transfer to checking when the payment is due.
by jfn111
Wed Jul 08, 2020 9:09 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 5174

Re: Buying house without realtors

I have both bought a home and sold a home without a real estate agent involved. I've also bought and sold two other homes using them so I know the difference. I truly lol at some of the responses on this thread which are clearly from realtors or "friends" of realtors. One of the reasons I...
by jfn111
Wed Jul 08, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house from parents
Replies: 23
Views: 2215

Re: Buying house from parents

I'm not understanding what your doing? A quitclaim deed transfers their ownership immediately to you. A contract for deed protects them if you don't pay.
It would be simpler to get a mortgage and buy them out, unless they don't need the money and would prefer monthly payments.
by jfn111
Wed Jul 08, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Replace Fence- Selling House
Replies: 13
Views: 821

Re: Replace Fence- Selling House

Others might feel different, but I’d not fool around, and would just follow the realtor’s advice at a minimum. Realtor want to sell the house fast to get their commission as soon as possible so of course they will tell you to do all this work in the hopes it does. Still, you should tear down an ugl...
by jfn111
Wed Jul 08, 2020 4:11 pm
Forum: Personal Consumer Issues
Topic: Replace Fence- Selling House
Replies: 13
Views: 821

Re: Replace Fence- Selling House

Others might feel different, but I’d not fool around, and would just follow the realtor’s advice at a minimum. Realtor want to sell the house fast to get their commission as soon as possible so of course they will tell you to do all this work in the hopes it does. Still, you should tear down an ugl...
by jfn111
Sat Jul 04, 2020 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Lender is asking for 5 months of Property Taxes and Homeowner's Insurance. Is this normal?
Replies: 28
Views: 3119

Re: Lender is asking for 5 months of Property Taxes and Homeowner's Insurance. Is this normal?

If the seller already paid in advance for the next 5 months of property taxes and insurance, then you are not going to get that for free. You gotta pay for it yourself. Livesoft is correct. All of our RE contracts state that taxes will be prorated. If the seller, like me, pays the full year up fron...