Hello, Looking at potential new build outside DFW suburbs in area near Lavon TX. Moved here recently from the upper midwest and the idea there was to steer clear of flood planes. I'm seeing on many new build developments they are right next to or in some cases even built over flood planes. Check out the images attached, the proposed location for my lot has a black dot (located towards upper left corner of first image.). This particular development is bordered on the west by a Zone A floodplain and on the south by zone AE floodplain. There was a study done which shows Base Flood Elevation of about 447 feet near the AE zone, elevation of proposed home is at about 465 feet. Is a nice area, seems convenient location, however, just can't help but wonder what the long term risk is in this development of flood. Heavy rainfall events becoming more frequent it seems, and more intense. Also, concerned regarding long term resale value -- do intend for this to be forever home. However, d...

Hi all, wanted to get some input to see if our experience with gifts from parents for down payment is typical or not. We have been blessed to get some gifts from both sides for our first home purchase. As we have gone through underwriting, I can’t tell if their requirements are normal or feel like a lot. For each gift portion, we have provided statements/transaction history from our accounts, copies of cleared checks, and wire confirmations. What is feeling like excess documentation though, is that they are requiring similar documentation from our parents accounts such as full 30 day statements/transaction history showing the funds leaving their accounts as well as signed gift letters. Is it normal to require those statements from their accounts as we’re getting some fair pushback as that feels very intrusive and allegedly not required by other mortgage brokers we know submitted by /u/Maustin_99 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rsiscw...

We want to buy a house in SoCal which requires taking over a solar lease. They are unwilling to pay it off. I know owned solar is much preferable vs. leased solar but is a lease takeover really worth killing a deal on an otherwise desirable, well priced, property if the lease terms are not terrible? Will get exact terms if offer is accepted but was told ~$200 per month. Is a well negotiated lease still better than no solar at all, as long as the calculations show that it will save some money? Appreciate it makes home resale more difficult but is it a pill that can be otherwise justified swallowing in some circumstances? Is this impossible to answer fully until the exact terms are known? Input from those who have a solar lease or took one over, or from realtors who have dealt with this esp appreciated! EDIT: Would be taking over in year 5 of 25 year lease submitted by /u/UsefulPoem5030 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rrmszz/solar...

ETA: We have only owned this house for a little over 3 years. There is no equity built I have no idea what to do. I am obviously going to contact the agent I will be working with, but as much as people talk him up, he is still young. There is a lot that he claimed he could not answer about buying this house, that I am worried about selling it. I have other realtors in mind but the problem is, the house is FULL of mold. There is black mold in the walls from a slow, longterm leak a couple of years ago. We have had heavy rains and I can tell more mold is growing. I was fine with my health being affected, but now my cats are having breathing issues. Someone mentioned to me about short selling or something? I wasn't told how it works, but is it a viable option? We need out of here NOW but cannot afford both renting and a mortgage, nor do we want to live here waiting for a sale being so heavily affected by mold. So if possible please please give some advice on the situation... I have...

Seller presented a home inspection to us. We made an offer a waived inspection given this. The few things listed on their inspection were minor. We did do our own inspection on closing day. Our inspector found that the seller cut a structural beam to install HVAC. This wasn’t mentioned on their inspection. submitted by /u/Hungryhungryhippos2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rqsyfo/are_home_inspectors_liable_for_report_if_someone/

As a buyer in the United States and looking to purchase in a different state, I cannot stand "coming soon" listings. Just list the house when you have the pictures ready. If it's a hot market, it will sell at top dollar without the "coming soon" listings. I have missed out on several houses because I forgot to check back on the actual "live" listing date. Beyond frustrating. Realtors, you aren't making any friends or fans by doing this. I get you are looking out for your sellers, but buyers will one day be sellers, too, and will remember the nonsense. submitted by /u/DepthPleasant8132 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rqr62t/stop_with_the_coming_soon_listings/

Looking at a 5200 sqft spot right on Main St in Seal Beach. Currently retail, but the listing claims restaurant permitting is "underway". The rent they are asking is throwing me off. They quoted $2.50 to $4.00 PSF (plus $0.70 NNN). That is a massive spread. I get it depends on if they hand it over as-is or as a warm shell with some TI, but is a $1.50/sqft difference actually worth it just to have the landlord do the bare minimum buildout? Should I just take it as-is for the $2.50 and handle the restaurant conversion myself? Also, anyone have experience with the city of Seal Beach? "Permitting underway" sounds like broker-speak for "you'll be paying rent for 9 months while waiting on the city." Appreciate any insight. submitted by /u/_sandeep1995 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rqnjiw/retail_to_restaurant_conversion_is_this_lease/

Obviously, it’s double sided. And this is not a full on market analysis. This is just me observing based on my area, which is in the sunbelt. In summer 2024, I bought a small house. 950 sqft. 3 bed, 1 bath. It’s in a highly desirable area. Big for young professionals and young families, but a bad school zone, so people don’t live here really once their kids hit the age of 4 or 5. People upgrade in size and zoning at that point. Lots of rentals, young families, and some elderly live here. I paid about $330K for this small, not very updated, 950 sqft 3/1. $330K is fair or even favorable to a buyer for this area, but still. I see the argument everywhere that it’s asinine that these 900 sqft or 1000 sqft 1950’s shoeboxes are going for such insane prices. Well if you think about it, it’s simply just not an insane price at all. An older friend of mine bought a very similar house in this same area for about $170K in 2006 (or 2007, I’m not entirely sure but it’s one of those years). So, re...

The inspection for the house my wife and I put an offer in on is today. The house was built in 1985. The HVAC, water heater, and half the roof is newer. There's an attic, crawl space, and one car garage. What questions should I ask? Edit: We are in East Tennessee. submitted by /u/tatersaregood [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1rpvu6v/inspection/