Skip to main content

Posts

First time buyer / investor pay more or pay less right now?

Curious to learn more from real investors from here. In a dilemma on my first property. Should I buy a duplex that has one current tenant way below market value on rent (lease ends Dec) and I could move into other side now. Mortgage payments are just at my top limit in scraping by on budget if I kept their current tenant rental amount. I could see renting out the other unit for easily $500 more than current rent. Also I could see the growth on his duplex sky rocket faster than any other single family I could get. I could absolutely live in the duplex for a long time. This duplex is also in the middle of a downtown area with up and coming businesses, restaurants, parks, etc. Or buy a way cheaper single family home with a much lower mortgage, not have a duplex, but a single family home that I can rent out if I ever move for more than my mortgage payment? This option also doesn’t tie me down to an area. I’m able to save more monthly in the short term. My question is, if I save m
Post a Comment
Read more
Recent posts

Fl RealEstate

Hi All, I wanted to hear your take on the FL real estate. Currently live about 23 mins from Sarasota with no damage due to the recent storm. I know now is not a time to sell, but I’m hearing typically summer time is slow, election years make it even slower and with the recent hurricane homes are just sitting. If you don’t mind sharing would love to hear from you all the cycles and better understanding of what an election year has to do with home selling/buying. submitted by /u/sporty6blonde [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g46gw2/fl_realestate/
Post a Comment
Read more

Fire agent?

Our condo has been listed since April 2024. Priced it similar to other condos in the area. We’ve basically completely renovated it (kitchen, bathrooms, new floors). We had several open houses and showings in the beginning. No offers. Took it down and relisted about 50 days ago, did an open house and nothing. Price has been dropped ~50K since we initially posted it and other units have sold for similar price and higher than our initial price. The last unit that sold is slightly larger, zero reno and sold for 30% higher than ours. Same view, 1 additional parking space. Is my agent not moving enough to get this sold? submitted by /u/StalkingAnto [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g44jr1/fire_agent/
Post a Comment
Read more

2 months post closing house still not in my name

As title states, the house i closed on about 2 mo the ago doesn't show up on county website as in my name. My business name to be exact. I contacted realtor today but haven't heard a response. What are my recourses? Should I give it more time? submitted by /u/Puchilu [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g42cz7/2_months_post_closing_house_still_not_in_my_name/
Post a Comment
Read more

Egypt and investing

What do you see the investment in egypt look like?? Are it profitable or not? Are it safe? I have apartment in TMG (talat mostafa group) Are it will become profitable or not in medium rang or short submitted by /u/Physical-Worth8840 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g3bkpq/egypt_and_investing/
Post a Comment
Read more

Fair fixed seller agent fee - Los Angeles

Without going into too much specifics, I’m looking to sell my mom’s home that is quite old and in need of repairs. Comps in her area are between $1.1-$1.3M. We’re looking for just the highest bidder and don’t want to put any rehab on the house to sell it, so a developer/flipper would be the best type of buyer. I’m looking for advice on what a fair fixed fee would be for a seller agent in Los Angeles. She has multiple long time friends and a cousin that are real estate agents so one of them would be the agent we use to sell the home so Redfin would not be an option. submitted by /u/e90t [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g3a7ya/fair_fixed_seller_agent_fee_los_angeles/
Post a Comment
Read more

House is not Selling

I listed my house for sale over 30 days ago. Not the original owner, built about 8 years ago with just over 2,000sqft, 3 bedroom, 3.5 br, finished basement that can act as a living space or 4 bedroom. My agent said it would sell quick yet here we are. Originally listed for $400,000. Then we dropped to $385,000. Still no offers. Anyone else experiencing this? My realtor now is telling me buyers are holding out until after the election. Any truth to that? Thank you in advance. submitted by /u/doesnotmatter13 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g39szi/house_is_not_selling/
Post a Comment
Read more

What should I do with my house?

I would like everyone’s opinion. I am looking to move to the Orlando area from south Florida. I bought my house at $390k in 2020 with a 2.8% rate. It’s valued at ~$620k and I owe ~$320k on my house currently. Should I rent my house or sell? Should I rent in Orlando for a year or 2 then purchase? If I purchase it would only be new build. I know interest rates may come down next year but then housing prices will go up I would assume. submitted by /u/rmustafa11 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1g2mmfn/what_should_i_do_with_my_house/
Post a Comment
Read more

Agents mis-categorizing MOBILE homes as regular HOUSE on MLS/Refin/Zillow etc (filtering problem)

I've been casually looking at homes under $350K in about 8-10 various LCOL states. I always filter my results by "home type" - "HOUSE" (as opposed to "MOBILE" or "MANUFACTURED", which is a filter option on Redfin, Zillow, etc). However, I still see hundreds of homes that are clearly manufactured, whether affixed to the foundation or not, despite the filter. It's obvious from pictures 90%+ of the time, but I also scroll to property details/public facts to confirm "Style: Mobile/Manufactured Home". I can't filter by that "style" option though, only by "home type" which *should* only show me non-manufactured SFHs based on that filter choice. I use "map view" and click on the small price circle, which opens a new page where I then see property pictures and these details. More than half the time, it ends up being a mobile home, and since I look at hundreds a day, it's a huge waste of time. It
Post a Comment
Read more

Buyer keeps adding addendums and seller agent is putting us at risk

We have foolishly signed 2 addendum, the first when our agent said we would be in breach if we didn’t sign. We received it on a Sunday morning and the buyer 5 day option expired at 5:00 that night. That addendum lowered the price in lieu of repairs. Two days later, without warning, another addendum was presented giving buyers 21 days to secure funding. Our realtor did not explain that to us. She simply said it was standard 3rd party required documentation. Now at 9:00 pm on 10/11 we receive a forwarded email saying ANOTHER signed document is required. Buyer 21 day addendum ends Monday. I contacted an attorney who told us do not sign another document and terminate this sale. We are overwhelmed. Can we refuse to sign yet another addendum and this legally termites the sale. Buyers will use Hurricane Milton as reason for delay, although appraiser met the deadline. Buyer agent is aggressive. She’s the mother and inspector was a friend. In the meantime we are now facing a possible cance
Post a Comment
Read more