I’m looking for a duplex for my primary residence. N came across the short sale on Redfin. Is there any pros and cons to it? Does it mean I can ask for a bargain? Thank you. submitted by /u/ExcellentSurprise191 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1teun98/short_sale/

I know 10% is standard, but what are realtors recommending for a buyer right now? I heard it was higher from a friend who just bought her first house. TIA submitted by /u/SuluSpeaks [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tex4xk/recommended_down_payment/

Where do they get the value from? I just got a random email from lending tree that says my house is worth 500k and I can borrow against the equity Ain’t. Gonna. Happen. We don’t need nor want to take out a heloc. But when I check my appraisal district, Zillow and others online the price they all quote my house is worth is a lot cheaper than what lending tree is showing. So where is lending tree getting their inflated price from? submitted by /u/LivingTheBoringLife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdy5sg/silly_question_when_getting_spam_emails_about_my/

Hi all, working and navigating a sale of my property so sorry if there’s already a post out there discussing this. My property (unable to get a certificate of occupancy without renovations) received a few offers, one all cash but 40k below asking, and another at asking with a seller concession but with a conventional renovation loan. Obviously I’m biased toward the higher offer, but there’s the risk of it falling through. It’s good that it isn’t FHA (less red tape, I’ve tried one before when buying and it’s a pain for all involved). Is a conventional renovation loan better/less of a roll of the dice? Note I have a mortgage on this place and higher offer will repay with some left over, which puts added pressure on making that work. Thank you! submitted by /u/fuckimbackonreddit9 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdx943/risk_of_selling_to_a_conventional_renovation_loan/

“It’s the price” Done been dropping the price since listing non stop! I think the comps was way off to begin with and here we are now. https://www.zillow.com/homedetails/1280-Stow-Ave-Pensacola-FL-32503/44663033\_zpid/ submitted by /u/MrPrimeribs [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tdoipx/why_is_this_house_not_selling/

Interested in a property in houston TX, agreed on a price with the seller and sent out the contract and things got a little messy. 1. They wanted to close super fast 2. Seller told us that they don’t want to purchase a new survey and if the title company doesn’t accept the one from 2022 that we would need to purchase a new one. Which we agreed to. Now that we agreed to all their terms the sellers agent told us if the title company says the property is smaller than what’s written then the price won’t be adjusted. My realtor is telling me that he’s never seen this and frankly I don’t have enough experience to know what’s going on. Looking for any outlook that can be provided. For more context this is 2 vacant lots that are next to each other and I want to build townhomes on them. Thanks in advance. submitted by /u/HPAX123 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1td3nvg/red_flags_from_seller/

Looking for advice: Who could structure this deal? (Real estate attorney?) Has this been done before/what is it called? My mother just passed and my father is headed towards retirement. He’s owns their home worth approximately 2 million, 600K left on mortgage with a $4.5/mo payment. He CANNOT sustain this payment (and everything else that goes into a home) in retirement and wants me to figure it out for him. Plan: I sell my home, take the ~300K in profit, and use it to build an ADU in the back where my father could live rent and utility bill free. I move into the home and cover the mortgage. I would like to legally take ownership of the home day 1 (we are already co-borrowers on the mortgage, me + my dad). I would like an attorney to structure some sort of deal where I make monthly payments to my father (thinking $2K/month) to “buy” the 1.4 million in equity from him. This would give him additional $ because he will be living off of social security. Me and my dad are 100% on board w...

Hi, it's me again, the downsizing single parent. I know y'all dislike new construction, but these are the options. Which would you choose? #1 M/I $349k, $8k closing cost credits, 4.875% 3BR, 2BA, small loft Small strip of "yard" in the back, then hill sloping toward the house (making me nervous with the heavy rains we've been having...) 1 block from 5YO's current elementary school (but still have to drive/bus due to busy roads) South-facing main bedroom and driveway, north-facing all other windows/rooms Surrounded on three sides by farm land (1 private owner, 1 "buffer" land owned by Flint Hills, 1 owned by National Guard, city said no plans for development on any of these lands right now) Vibe is quieter but also isolated Closing date: early June, would list current home mid- to late June #2 Lennar $351k, $6.5k closing cost credits, 4.875% 3BR, 2BA, no loft (but bigger bedrooms) Flat yard backing up to other set of townhomes' bac...

So my kid will be attending UC Berkeley soon. My understanding is he is guaranteed only 2 years of housing. I've been looking up properties close to the campus. I see 1 bedrooms for a little over 500k My question is if I were to buy one these properties and planned on renting it out while my son doesn't need it. Does it make financial sense? Is renting, as a landlord, make financial sense? Will I be able to rent out out easily? submitted by /u/Guilty_Perception_35 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tcsu1r/landlord_question/