So before I go any further, please be respectful. I’m being vulnerable here and sometimes, Reddit is a breeding ground for superiority complexes. So for context, my wife and I bought a house in California in 2023; we were making good money and we lived comfortably. We had money in the savings, could afford everything easily, and things were going really well. Then it hit us like a ton of bricks. Around a year and a half after we bought our house, my company made the decision to restructure to cut costs, so they laid people off and drastically reduced our hours for the people that were left. I went from working 60 hour weeks for the past 8 years to suddenly working 35-40. It was a punch to the gut. Then a month later, we get hit with an escrow shortage and our mortgage went up $1000 a month(apparently we’re in a fire zone so insurance skyrocketed) we have a son with autism, so us working two jobs wasn’t plausible, but two jobs still wouldn’t have been enough to compensate for all that...

So all last week apparently nobody worked on my file because the processor working on it was on vacation all week and my closing date was supposed to be this week. This company has it setup to where nobody else can access the file at all except the person it’s assigned to and if they are OOO you’re just SOL. Mind you they have 100 employees and multiple locations. Is this normal? Cause it seems kinda dumb to me submitted by /u/8WmuzzlebrakeIndoors [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x492it/closing_might_be_delayed_by_title_company_because/

I’m “right-sizing” and getting ready to sell my house and get an apartment. My biggest concern is signing a lease and moving out before the final closing and then the buyer backs out at the last minute, leaving me stuck with the ongoing mortgage payment and the new rent payment as well as moving expenses. Do buyers ever agree to let you have a couple of weeks to a month to clear out after closing? Or is there some time between the due diligence period and the closing when they can’t back out? submitted by /u/PenisBeautyCream [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x3yxet/can_i_request_some_time_after_the_closing_to_move/

We have a mortgage on a house in a big city, 4% interest. However we have no intention of living in that city again, and the house is a single family home. We could rent it out with no guarantee the tenants would upkeep the place. Would it be stupid to sell right now? Should we rent it out and deal with the issues that are sure to arise? submitted by /u/SeniorDay [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x3bxlg/still_making_payments_on_a_house_we_mean_to_sell/

I am in the process of purchasing a home. The house is being purchased for $595k and we are putting 10% down. My wife and I make a combined $300k. The problem is the closer we get to closing the more I realize that I do not want to spend $4300(taxes and insurance) a month on a mortgage plus the increased utilities that come from a much larger house. We can afford it but I just don't want to do it. I am big on morals so I hate not upholding my word or a contract but I seriously do not want this house. I don't even care that the sellers get to keep our $5k earnest money. Has anyone not walked away last minute and regretted it? submitted by /u/MrIAmMe2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x2xbvl/thinking_of_walking_12_days_before_closing/

We are looking to buy in a HCOL city and home to the #1 school district including the #1 ranked high school and #1 ranked elementary school in our state. Homes demand a premium price if they are districted for a particular sequence of schools, which we would love. However, there is only ONE home in that particular neighborhood, that is within our budget. This could be our only chance to buy a house at a good price in that particular neighborhood. But it has a pool. Our agent said that it's probably why it's not selling (we live in the midwest where people are ambivalent, at best, about pools.) Would you buy it? ... What if you had three tween boys with unlimited energy and love swimming and being in the water? (We just moved away from the lakeside.) Spouse and I both work and would have some money set aside for running and maintaining it, but we aren't rich and wouldn't look forward to paying for repeated big ticket repairs. Filling it in for 10k$ would be an opti...

We got the report today, and let's just say it's not pretty. The main issues were structural, electrical, and utilities. I'll start with the outside and structural issues, move into the electrical, then cover the utilities, and finish with my final thoughts. In the first post, I mentioned the porch/deck issues. What I didn't realize is that the support poles had missing joist hangers. This means the deck was held up loosely by friction alone; the inspector said high winds could easily topple it. The roof was in "acceptable condition," but the furnace chimney was uncapped and deteriorating. The front porch had rotten wood supports. The awnings had visible carpenter bee damage from an infestation that will likely return next spring. The foundation of the additions (about 2/3 of the house) was leaning and seemed in desperate need of repairs. The attic was inaccessible from the fold-down ladder because of a lock that was not present during our tour. The inspector...

Hi all, I am currently a graduate student and planning on entering a dual MBA from a Top 25 program next year. I am really interested in getting into real estate development and am looking for more guidance on certifications to help land internships and development associate roles. I have heard CCIM and ARGUS are good ones. Any others that may help? Do you think a PMP would help? My school also offers a certificate in global real estate as part of their MBA program, so I plan on doing that since it’s just a couple of electives. Any general career advice would also be helpful! submitted by /u/Deltaone07 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x2nwau/what_certifications_for_development_associate/

first time home seller and my husband and I have a lot of anxiety about this process. We placed an offer end of Sept on a house contingent the sale of ours. They accepted and we had 5 days to get our house on the market. Our house took 3 days to get ready and listed and went contingent in 5 days of being on the market which was to us a good sign. They were on a plane when contracts were being sent back and forth so there was a slight delay in them returning them to us. Their offer was inspection with no requests and two days ago was scheduled for today. Yesterday, their earnest money was deposited and the inspection was confirmed with all parties. Today, they didn’t show up and did not provide any communication as to why. Is this a bad sign? Our anxiety is telling us yes that this is them ghosting us, but our realtor is saying it isn’t because earnest money was deposited less than 12 hours before their missed home inspection. Is it possible that they are just continuing without an insp...