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All Locations : Nationwide Real Estate Advice

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Activity 483,548
A few minutes ago
Ken answered:
Yes, I know where you can get a 70% ARV if you are a first time investor or a 75% ARV if you are an experienced flipper
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A few minutes ago
Cristey asked:
A few minutes ago
Joyce Barnett answered:
Call a title company 1st American 951-787-1700
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A few minutes ago
Jmaddern asked:
The listing is under my name, not Tonya Harbin's name. I also noticed that the listing is not linking to any photos. Please correct immediately. Thank you and please let me know…
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A few minutes ago
Sparkurimage answered:
•"Writ of Possession" received 2/8/2017 from the Sheriff's Office.
•Received a phone call 3/22/2017 informing me I was scheduled for a lock out date 3/27/2017 with out any notice from the Sheriff's Office.
Just 5 days isn't enough time.
What's next? Do I have ANY rights at this point? I don't have anything set up. I need more time. At least 30 days. What should I do?
... more
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A few hours ago
Marthakrebeck asked:
A few hours ago
Dorayne Olivry asked:
I don't have real estate license in Florida state
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A few hours ago
Howiecantrell answered:
Anew book coming out may explain that. It's all about the abuse of the local government.

http://www.thereisnoplacelikecapecoral.com/
0 votes 46 answers Share Flag
A few hours ago
Andrew Sterling answered:
It's not true that simply adding a closet converts a bonus room into a bedroom. It takes more to make a room into a bedroom. Size, location and windows all are factors that influence that outcome. In the real estate listing world an agent wants to get the maximum potential of a house hence they think that simply adding a closet will get them a higher value. In reality to convert a room into a bedroom you will need to pull permits and change the city profile to reflect the additional room in the overall sqft. I can help answer more of your questions if you call me at 888-221-6663 ... more
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A few hours ago
Murfindra answered:
Large grocery store is 12 minutes away with a couple of small convenience stores within 2-3 miles.
The Rumbling Bald Resort has 2 golf courses, the Marina area for boating and swimming, one indoor and two out-door swimming pools, a large gym with exercise classes, etc. Other kinds of Entertainment (symphonies, concerns, theater) and major shopping malls are 40 -50 minutes drive away, closer to Asheville and Hendersonville. ... more
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A few hours ago
Diane Christner answered:
Explaining FL property taxes can be a very complicated topic, especially for people moving here from another state.

First, any prospective buyer needs to understand that while you can look at homes in a specific price range to get an idea of what to expect for property taxes, a buyer should not rely on the seller's current property taxes as staying the same in the year following your purchase. A sale triggers a reassessment of the property -- if the new assessed value is higher, the taxes will go up as the largest portion of our tax bill is the ad valorem portion based on millage rates. The higher the assessed value, the higher the ad valorem portion of the tax bill.

If you notice home (a) has much lower property taxes than home (b) even though they are in the same area and are similar in size and condition, you need to know that a home where the owner has lived a number of years (and is their homesteaded property) may have lower property taxes due to the 3% per year cap on increases that is a benefit of having the homestead exemption. Homesteaded properties also have added assessment reductions which result in savings on the tax bills. As I mentioned above, the home with lower taxes will see the property reassessed after a sale, so the buyer should not assume that the taxes will remain at that lower tax rate. Same for a bank owned property that may have lower taxes due to the foreclosure.

By the way, the new assessed value will not necessarily be the same as your purchase price, the assessors have a formula they use that includes other recent sales in your neighborhood & other criteria such as replacement cost of improvements, location and condition.
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A few hours ago
Andrew Sterling answered:
Solars panels add value to your home but that value does not offset the amount you would spend installing them. I recommend you look at the cost benefit analysis and think of the savings you would over time in utility bills. I can help you with installing the solar panels. Please call me at 888-221-6663 or visit my site trendgreen.biz ... more
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A few hours ago
Diane Christner answered:
Are you referring to a foreclosure sale by the Clerk of Courts or purchasing a bank owned (REO) property after the foreclosure has taken place?

At a Clerk of Court sale the buyer becomes responsible for all remaining outstanding liens, special assessments and code violations. When a bank is selling a bank owned foreclosure property (REO), the terms of the contract will determine who is responsible for paying off any outstanding special assessments. Sometimes the seller pays, sometimes the buyer. ... more
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A few hours ago
Tonna Purnell asked:
A few hours ago
Diane Christner answered:
The problem is that FL has strict building codes because of the risk of hurricanes, so a roof that was installed without permits may not meet code.

The local building department has the authority to force the "current owner" of record to obtain the required permits and satisfy ALL code requirements. Doesn't matter which previous owner did the unauthorized work, current owner becomes responsible. Once you close on the purchase of that property you are now the "current owner."

First, the building department can assess penalties on the current owner for non-compliance. Applying for a permit after the fact is not necessarily an easy procedure. If construction documents and inspections would have been required to satisfy the original permit, those items must now be obtained as well. Inspectors will not assume everything was done according to code, they will want verification.

Another issue is that the work that was done must meet CURRENT code, not the code applicable when the unpermitted work was originally done.

If the work completed is not to code, the building department can and has required the "current owner" to remove the entire unpermitted project and start over.

You may also find that it's difficult finding an insurance company willing to write a new policy on a home with an unpermitted roof.

For all of the reasons above, you should resolve the roof issues with the current owner now, before you purchase the property and the roof becomes your headache.
... more
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A few hours ago
upstate ny asked:
so I am selling my home in upstate ny and not using a realtor, not by choice but because lack of funds. Now I had my attorney write up the contract and the buyer is planning on stopping…
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A few hours ago
Gray asked:
Avoid noisy neighbors and sound transmission
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A few hours ago
Cepperson888 asked:
A few hours ago
Dianepollack asked:
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