No. Not $1,800. Your friend’s job is to work it out with the seller. If your friend can’t do it ask the broker for help. If neither the buyer nor seller are willing to step up just let the deal go and find the client another home.
Compound interest is a wonderful thing, at 6% , your money doubles every 8 years. It sounds like this house was an incredible investment right? Up 750,000 in 52 years. That same $39,330 invested at 6% would have turned into 2.5 million +, so great but not that great
I get where you are going, however, I’m guessing that the comparison assumes the $39,300 was invested all at once (probably not the case). During the time of the mortgage, the interest payments were sufficient to drive Schedule A which allowed other things like charitable donations to reduce the income tax burden. Not sure have that was factored. And, simple compounding doesn’t take into account the cost of housing during that time.
Because some agents don’t understand how financing works and give their client’s bad advice. In reality the down payment is not an indicator of the likelihood of the loan actually getting approved nor is it an indicator of the financial wellbeing of the buyer.
The fee from the landlord to the broker was the equivalent of one month’s rent. So rather than pay the rent to the landlord then the landlord writes a check to the brokerage, the landlord had the tenants write a check directly to the brokerage. After the brokerage gets paid they pay the agent.
Wait, what am I missing here....why would you need to go through customs if IAD is a transit? It should only be the case if you exit the airport. Your customs should be at Arizona
He is an alcoholic. You can’t get him sober. And he didn’t fall asleep in the bathroom. He passed out. It’s not that he doesn’t care enough about you. He is addicted to alcohol. He has no control. He needs to get to a rehab or to AA. For yourself, I would suggest AlAnon. Many family and friends of alcoholics have found it very helpful.
What do you say to your seller who says offer the buyer zero, because they’ve read they aren’t REQUIRED to pay the buyers broker anymore and that the buyer should pay for their own brokers services from their own pocket? That’s what I’ve been hearing from sellers. They want to reserve the right to give credits, but dont want to offer it up front as a given.
Really, it's about the fact that we have dumped SO much cash into this house. While we continue to earn money (we're 38) it would be really nice to diversify how we invest our money - essentially, avoid having all our eggs in one basket.
Who is buying all these homes with straight cash? Two have sold in my parent's neighborhood over the last few months but no one has moved into either. Neither is on the market again.
There are programs where an individual can access cash and repay it when their home sells. So it is entirely possible that a cash buyer is not an investor or flipper. It could be someone who is working with an agent who knows how to get the client the maximum leverage.
You may have an issue with the way it was worded in the contract. But without know what’s in the contract I’m just guessing. The planters and their contents are personal property. The plants only become real property if their roots are in the ground. You may have been played. Id check with an attorney for the real answer.
I do a bunch of VA deals every year and have 2 set to close on n February and that is not the case. In my experience the main thing they are concerned with is safety (GFCI outlets, handrails etc). It may be different in other parts of the country but that is not my experience.
Inside the beltway is walkable, but that's like 20% of NoVA.
That’s my Nova
No. Not $1,800. Your friend’s job is to work it out with the seller. If your friend can’t do it ask the broker for help. If neither the buyer nor seller are willing to step up just let the deal go and find the client another home.
Compound interest is a wonderful thing, at 6% , your money doubles every 8 years. It sounds like this house was an incredible investment right? Up 750,000 in 52 years. That same $39,330 invested at 6% would have turned into 2.5 million +, so great but not that great
I get where you are going, however, I’m guessing that the comparison assumes the $39,300 was invested all at once (probably not the case). During the time of the mortgage, the interest payments were sufficient to drive Schedule A which allowed other things like charitable donations to reduce the income tax burden. Not sure have that was factored. And, simple compounding doesn’t take into account the cost of housing during that time.
Because some agents don’t understand how financing works and give their client’s bad advice. In reality the down payment is not an indicator of the likelihood of the loan actually getting approved nor is it an indicator of the financial wellbeing of the buyer.
Why in the world was the tenant on the hook for the broker fee?
The fee from the landlord to the broker was the equivalent of one month’s rent. So rather than pay the rent to the landlord then the landlord writes a check to the brokerage, the landlord had the tenants write a check directly to the brokerage. After the brokerage gets paid they pay the agent.
Wait, what am I missing here....why would you need to go through customs if IAD is a transit? It should only be the case if you exit the airport. Your customs should be at Arizona
The flight from IAD to Phoenix is a domestic flight.
I’m a black male who started diving at age 71. The most dangerous thing you will ever have to deal with is that which is between your two ears.
He is an alcoholic. You can’t get him sober. And he didn’t fall asleep in the bathroom. He passed out. It’s not that he doesn’t care enough about you. He is addicted to alcohol. He has no control. He needs to get to a rehab or to AA. For yourself, I would suggest AlAnon. Many family and friends of alcoholics have found it very helpful.
What do you say to your seller who says offer the buyer zero, because they’ve read they aren’t REQUIRED to pay the buyers broker anymore and that the buyer should pay for their own brokers services from their own pocket? That’s what I’ve been hearing from sellers. They want to reserve the right to give credits, but dont want to offer it up front as a given.
Lenders have limits on credits using that mechanism to pay the buyer agent may become problematic if other credits are needed (ie home inspection).
Wow. What an incredible experience
In my area there are plenty of VA loans. Where are you?
Thanks. Murray and The Nurse 😂
My suggestion is to begin at the beginning. Why do you want to sell? Once you have clarity on that, you will know what to do.
Really, it's about the fact that we have dumped SO much cash into this house. While we continue to earn money (we're 38) it would be really nice to diversify how we invest our money - essentially, avoid having all our eggs in one basket.
Sounds as if you should give your investment time to mature. Hold on to your house while you invest discretionary funds in another asset.
This is a question for your broker.
NOVA. Not NOVA. It doesn’t matter because wherever you go, there you are.
If you can’t remember the information for a week or two, you do have a problem.
Great shot. Thank you.
It is the fee the buyer’s brokerage receives, not the buyer’s agent.
Who is buying all these homes with straight cash? Two have sold in my parent's neighborhood over the last few months but no one has moved into either. Neither is on the market again.
There are programs where an individual can access cash and repay it when their home sells. So it is entirely possible that a cash buyer is not an investor or flipper. It could be someone who is working with an agent who knows how to get the client the maximum leverage.
Were the items they took in planters/pots or in the ground?
in the planters, which of course are pretty damn costly
You may have an issue with the way it was worded in the contract. But without know what’s in the contract I’m just guessing. The planters and their contents are personal property. The plants only become real property if their roots are in the ground. You may have been played. Id check with an attorney for the real answer.
If you do t trust your broker you need to change brokerage.
Don’t believe it. There’s a lot of maneuvering behind the scenes.
Try Tysons Corner
I do a bunch of VA deals every year and have 2 set to close on n February and that is not the case. In my experience the main thing they are concerned with is safety (GFCI outlets, handrails etc). It may be different in other parts of the country but that is not my experience.