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Potential to buy 410k property for 75k. General advice wanted.

This is all unraveling as I type this, so I don't have a lot of details, but looking for input from outsiders to point out anything I need to know. My grandparents built a 4 bed, 2 bath on 4½ acres in 1978. My Nana passed away about 10 years ago and my uncle bought the house. His health is declining and he's on a fixed imcome and he owns his other house outright, so he is considering selling the house to someone in the family for what he owes ... $75k. Zillow estimated value is $410k. I'm 40 and my partner is 48, we bring home roughly $4,500/month. My sister, 55, is very willing to split the house, I don't know her income but her current rent is twice what our estimated mortgage would be. Ideally, for all parties, we would like myself to be to "owner" and they would be "tenant" in a very casual sense. My credit score is ~800 so I don't see that as a huge issue. My biggest concern is the down payment as we only have about $8k in savings, but as...
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How long did it take for you to sell?

For anyone who sold their house recently. How long did it take to get an offer and how many showings did you have? We listed only couple days ago; have good views on and lots of saves on Zillow. But it is the weekend and no showings yet. Little worrisome. submitted by /u/Weird-Pear27 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v6eqmc/how_long_did_it_take_for_you_to_sell/

First time home buyers under contract, inspection revealed a lot of flaws

We recently went under contract for a house after a lengthy negotiation. The house has been sitting on the market for 35 days before we offered it. We had the inspection this past week, the inspector found quite a few issues. The biggest being standing water in the crawlspace, which was not easy to see the reason for. The home was listed as a modular home, but the inspector and our agent have both seen signs that may be a manufactured house, even though it has the serial number for a modular house. The trusses in the attic seem to be cut into four pieces, but unsure if that is normal for this modular home or another reason. There are several damaged shingles or shingles with holes in them. There is siding damage. The back porch was not installed correctly and is missing joist hangers. The front porch beams need to be reset as they have moved since installation. Several windows need to be replaced due to broken seals. There was also was issues with a lot of electrical wires with...

increasing demand for dedicated fragrance free realtors and fragrance free real estate

I went fragrance free a few years ago to protect my health, and everyone in my life has done the same (we all feel better since). One thing that we all need though, is realtors and real estate agents who are also fragrance free and will only show or list fragrance free properties. Scent free is a gigantic market that is growing like crazy, yet not enough real estate agents are serving demand. Fragrance is considered the new secondhand smoke, and buyers want properties that are clean, not scented. I’ve refused to buy houses I would have otherwise loved because they lit scented candles and plug-ins and the smell was awful and never comes out, just like a smoker’s house. Everyone I know feels the same way—no one will buy a house that has had scented products in it. Even scented laundry products are making entire houses stink now. Anti-fragrance is the same as anti-cigarette, people feel very strongly about protecting their health, their kids, and their pets from the thousands of toxins ...

If I keep getting cold calls regarding a house I previously owned and/or an adjacent house, should I just hang up or forward the call.

Regarding the first house: in the year 2020 I sold a house. It was my primary residence for years and my parent's house. When I sold the house it was in poor condition. The new owners have done substantial remodeling, and apparently are still doing work. It is probably now the best house in the neighborhood when it was previously not the worst but may be third or fourth worse. Every two or three months now I have been getting cold calls from realtors asking me whether they want to sell the house, saying that they have a client that is moving into the area. or that they have a client that just drove by and loved the house. Is it best that I ignore these calls, or should I forward the contact information of the new owner? I don't want to be rude by annoying them or invading their privacy. Or even stirring up.a hornet's next by making them mad and ending up getting sued for some problem in the old house that they initially consider unimportant, but now decide to get back at m...

I’m knocking on doors for a real estate agent this week. What should I say when people first open the door?

I’m knocking on doors for a real estate agent this week. What should I say when people first open the door? I just started working as an assistant for a real estate agent, and this is my first week. He wants me to go door-to-door in a townhouse community because he’s listing a detached home just down the street. The idea is to see if any townhouse owners have been thinking about upgrading to a larger home nearby. I designed the flyers, he had them printed, and now my job is to knock on doors, start conversations, get people interested, and ideally book them for a meeting with the realtor. I’ve done door-to-door sales before, but never in real estate, so this feels different as I’m not actually selling a small product. My biggest question is: **what do I say in the first 10 seconds after someone opens the door?** How do you keep the conversation going long enough for them to actually look at the flyer and consider talking to the agent? What worked for you? What should I avoid? ...

Leaving items behind for new homeowner?

I'm in the final stages of cleaning my mother's house out for sale. There are a number of "outdoor" items that may be of utility to a future homeowner, particularly a first-time buyer, that I don't want to sell off and hate seeing them just thrown out. For example: hoses, gardening implements (rake, hoe, spade, etc.), lawn mower, snow blower, etc. There is a shed on the property; can I simply stock the shed (neatly) with items of good condition that could potentially be used and leave them, at least for now? If we need to, we could call a junk crew out one last time during the closing process to discard anything the new homeowner doesn't want. Does this seem reasonable, or should I just bite the bullet and have them come out now and discard everything? submitted by /u/georgecm12 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v4gcwb/leaving_items_behind_for_new_homeowner/

Is it weird for buyer to search for signs of roaches/mice during inspection?

Trying to buy our first home here. The inspection is this afternoon, and my husband will be the main person going over anything that comes up with the inspector. I’ve had horrible experiences with mice, roach, and black widow infestations in the past and one of my main things buying a house is that it must be free of the critters. Due to my experiences, I’ve become quite the pro at spotting evidence of pests and have been told the inspector will only look for termites, not roaches/mice. The house seems very clean, but during the showing I found 1 dead roach by An exterior wall and saw those pest repelling devices that are supposed to deter pests with high-pitched frequencies. But otherwise, the house seemed clean and I found no other signs besides the 1 dead roach infestations The house has been vacant for a little while, owned by a landlord across the country, so the pest devices could just be a preventative measure. Is it frowned upon for me to take a flashlight and go over everythi...

Looking for reassurance (or opposite) of moving out of Golden Goose mortgage House to live on our farm

i posted yesterday in r/homestead asking for advice as we have about 150k equity in house and 150k inheritance. it has hundred plus comments with many different ideas. in summary, our house’s mortgage is less than $600 (bought as foreclosure 3 years ago) and could realistically rent out for $2500 as we live two blocks from expensive private college. we own 4 acres of land and absolutely love it out there. it’s 10-15 mins away. we feel so at peace when we go out and we know we want to be out there and raise our kids there (2 kiddos right now). that being said, it’s hard willing to forego this super cheap mortgage to get a new mortgage. our land has water and is cleared but no septic. we really like the idea of a manufactured home. at first opposed but we like the more affordability and that it typically isn’t taxed as house but private property and depreciates (in our case we like this, we wouldn’t plan on selling it so I like that it wouldnt raise in value a bunch like our house’s ...

Do I need a lawyer?

I’m looking to do a standard sublease for my apartment. I won’t be there for a few months and I have someone who wants to sublease. My landlord is fine with it, but they can’t make any lease agreements for under 1 year, so the onus is on me to make a sublease agreement. My question is whether or not I need a lawyer for this. For context I’m an average college student so I’d prefer to avoid paying a lot for one. I know it’d probably be safer that way, but the arrangement seems so simple. Everything is sorted aside from the lease agreement itself. I know people do sublets all the time and hiring a lawyer seems excessive. Any help would be appreciated! submitted by /u/SpaghettiTrombone [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1v47rdv/do_i_need_a_lawyer/