Search found 1074 matches

by jfn111
Sat Nov 09, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 117
Views: 9566

Re: Seller's agent not letting us use a buyer's agent

Did you sign a Buyer's Representation agreement with the Redfin agent? If so, it might spell out the commission your buyer's agent is entitled to, and probably says they will try first to collect from the Seller (or Seller's agent.) But you could be obligated to pay it if they can't collect from th...
by jfn111
Tue Oct 29, 2019 6:48 pm
Forum: Personal Consumer Issues
Topic: "Coming Soon" Sign on House for Sale
Replies: 6
Views: 1032

Re: "Coming Soon" Sign on House for Sale

I’m a realtor, and the main reason we do this is to generate a lot of interest up front, in an attempt to get a bidding war for our clients the day it goes live. The reason we market it to our fellow agents first has nothing to do with negotiating a better commission split- I’ve literally never hea...
by jfn111
Sat Oct 26, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5156

Re: Who does your tax returns?

For my wife and myself I use a small local firm. I use H&R Block Tax Cut software to do my sons and a friend of his taxes.
by jfn111
Tue Oct 22, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Here you guys go- https://www.cards.commerce.state.mn.us/CARDS/ Thanks! Always good to have actual facts to support a discussion :) Enforcement summaries were an interesting and entertaining read. Based on a quick read of the last two years of actions, breach of fiduciary duty is not a common enfor...
by jfn111
Tue Oct 22, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6033

Re: What do Bogleheads think about House Hacking?

I bought my first house at 22 when I was single. I rented out 2 rooms to friends and they pretty much paid my mortgage. As life changes your needs change and after I got a job transfer to a different city and sold that house and moved into a new place with my then girlfriend who's now my wife of 36 ...
by jfn111
Mon Oct 21, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Student wrote - Why is it not prudent for the seller to talk to his/her attorney? He/she can only be sure that his/her attorney (not the realtors) is there to protect his/her interests A common misperception that I have seen on Bogleheads through the years. A licensed real estate agent or broker th...
by jfn111
Sat Oct 19, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

I just handled a 1031 exchange for a seller last week. He closed on the sale in the morning and bought the new property in the afternoon. There was an RE Attorney involved but this was only for my client to handle the escrow of the funds between purchases. It should have no impact on the seller.
by jfn111
Fri Oct 18, 2019 2:23 pm
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3730

Re: selling house, should we put in sod to replace ugly lawn?

I happened to have a current listing where the feedback from 2 different people was regarding the condition of the lawn. This was for a $269,000 house. Other than a couple of VHCOL areas someone buying a $900,000 house would expect a nice lawn.
by jfn111
Tue Oct 15, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Home appraisal 8% less sq ft than listing
Replies: 42
Views: 2602

Re: Home appraisal square ft less than Seller Listing

A lot of modern houses are not square boxes. 2nd floors that have bonus rooms over garages and multiple dormers are a pain to measure. I measure for appraisals and it's not unusual to have some discrepancy between the county records and what my tape measure tells me. Most listings have a disclaimer ...
by jfn111
Wed Oct 02, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: Anyone replace an iPhone screen yourself?
Replies: 14
Views: 1087

Re: Anyone replace an iPhone screen yourself?

I've replaced the screens on a 5, 6, and a couple of iPads. I am no professional. I just like tinkering. Every repair had some issue unrelated to how I did the repair but to the quality of the replacement parts. The screen had an imperfection or the microphone was soft or the screen delaminated. An...
by jfn111
Sun Sep 22, 2019 10:50 am
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 8905

Re: Anyone here has more 200k in a single stock ?

I wasn't quite at $200,000 but I had 6 figures in MO when I decided to divest. This was stock from my old ESOP plan and paycheck purchases. It was in tax deferred so no worry about capital gains. I sold most of it around $70 per share and since it recently closed at $39 per share I'm glad I listened...
by jfn111
Thu Sep 19, 2019 7:35 am
Forum: Personal Consumer Issues
Topic: Accepting a Contingency Offer
Replies: 27
Views: 2565

Re: Accepting a Contingency Offer

Hey jfn111, Old thread I know. But your response would be helpful to me. Im not sure im following. You advise them to accept offers based on successful closing of buyers house. How might this be worded in your contract? Thanks! That type of offer is quite common. We don't advise our seller's to acc...
by jfn111
Thu Sep 12, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: About to close on home and discovered Lien on home??
Replies: 25
Views: 3428

Re: About to close on home and discovered Lien on home??

Stuff happens. Your title company did their job and found the lien. The sellers were notified and they're doing their job in contacting the bank for removal. It sounds like they wanted a quick close so they're not purposefully dragging their feet. Not much you can do but wait.
by jfn111
Fri Aug 23, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Title Insurance on Refi
Replies: 22
Views: 1460

Re: Title Insurance on Refi

In MN the Buyer pays for the banks title insurance and their own policy if they choose. The title insurance is handled by the title company and I'm sure they get a nice kickback. :shock:
by jfn111
Wed Aug 21, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Selling your home with Opendoor
Replies: 12
Views: 1583

Re: Selling your home with Opendoor

I recently sold a rental property to Opendoor. They offered more than the price I was planning to list it, so the extra fees they charged were more than offset by the higher price. It is now back on the market for a slightly higher price so I will be curious if it sells for significantly more, net ...
by jfn111
Wed Aug 21, 2019 10:26 am
Forum: Personal Consumer Issues
Topic: Selling your home with Opendoor
Replies: 12
Views: 1583

Re: Selling your home with Opendoor

I recently sold a rental property to Opendoor. They offered more than the price I was planning to list it, so the extra fees they charged were more than offset by the higher price. It is now back on the market for a slightly higher price so I will be curious if it sells for significantly more, net ...
by jfn111
Fri Aug 16, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 49339

Re: Selling home- Demanding Buyer (Repairs)

What do you mean they about them "handing over the earnest money"? That was already in escrow, right? If the contract terms were clear, the escrow company should just have released that money to you. Our realtor told us that we didn't get the earnest money from escrow unless the buyer agreed to rel...
by jfn111
Tue Aug 13, 2019 9:39 am
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 17027

[What is up with Vanguard today?!? 08/13/19]

They had some computer glitches and pricing problems yesterday so they are probably still fixing those.
by jfn111
Sun Aug 11, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Agent Questions
Replies: 16
Views: 1467

Re: State Farm Agent Questions

About 25 years ago my State Farm agent retired and the office changed hands to a younger guy. We had moved since we first started there so the office is about 30 miles away. Did I switch?, nah. What would I ever want to go to the office for? I also have auto, home and umbrella. We switched the home ...
by jfn111
Wed Aug 07, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 49339

Re: Selling home- Demanding Buyer (Repairs)

What do you mean they about them "handing over the earnest money"? That was already in escrow, right? If the contract terms were clear, the escrow company should just have released that money to you. Our realtor told us that we didn't get the earnest money from escrow unless the buyer agreed to rel...
by jfn111
Tue Jul 16, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 85
Views: 8275

Re: Tenant turned off all utilities advice please!!

Tenant turned off all utilities What is the problem with this? If you were a renter with utilities in your name, wouldn’t you want them turned off when you move so you aren’t stuck paying for the next tenant who never gets around to putting utilities in their name? There is no problem with this, it...
by jfn111
Mon Jul 15, 2019 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant turned off all utilities advice please!!
Replies: 85
Views: 8275

Re: Tenant turned off all utilities advice please!!

Also, check out to see if your utility companies have a landlord service or notification. My utility lets a landlord know if there is a pending disconnection, a standing order to switch back to landlord with notification, and records that it is a tenant in the building, so service will not be denie...
by jfn111
Thu Jun 27, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: 1st time Home-buyer Questions
Replies: 19
Views: 1235

Re: 1st time Home-buyer Questions

One thing to keep in mind is you can do an Inspection prior to writing an offer. You have your agent schedule a normal showing and bring the Inspector with you. Most of the time the sellers aren't trying to hide anything, they just want to eliminate nit picky buyers and avoid the 8-10 day rescission...
by jfn111
Sun Jun 23, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Card - Binding arbitration opt-out?
Replies: 43
Views: 4059

Re: Credit Card and forced Arbitration

You shouldn't take a major hit on your credit because of the card being closed. The card will continue to report for 10 years. It can affect you if it substantially reduces your available credit so charges on another card is now a higher percentage of credit used.
by jfn111
Mon Jun 10, 2019 6:16 am
Forum: Personal Consumer Issues
Topic: Sports classes in Universities
Replies: 60
Views: 3848

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: 6484

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: 6322

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: 1687

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: 34
Views: 1688

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: 138
Views: 11967

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: 13281

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: 469

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: 2573

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: 1193

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: 1193

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: 1735

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: 10517

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: 1251

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: 1526

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: 465

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: 2064

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: 2064

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: 1569

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: 648

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: 648

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: 1610

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: 5909

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: 648

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: 648

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...