Home is worth about 1.2M. Remaining mortgage is about 575k. I bought this house for my parents and I live here now too but I need my own apartment. Long story. I’ve thought of renting and that is the fallback. Monthly mortgage is about 4400 a month. I have a $500 car payment and maybe $1000 for student loans. I really don’t for much other expenses but of course things like food and stuff. Parents pay for utilities at the house. I gross 7500 per paycheck, so I think the issue is that my DTI is going to be difficult to work with so AI suggested I should reach out to a portfolio lender for a HELOC rather than get a mortgage through a typical bank. I need real human suggestions on my situation. I’m not sure how much I should be looking at for max prices on condos, but I’m in north NJ. If anyone could give me a guide path that would be really appreciated. submitted by /u/Anonymous_Hazard [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tr58t...

My house inspection report indicates that the HVAC system is almost at its lifecycle end, so to avoid getting a credit at the closing, I am planning to replace it now. I have identified a costway 3 ton 19 seer2 high-performance heat pump system that can be delivered to me quite quickly. Considering the 19 seer rating, I think this will be a significant selling advantage for buyers. If you were purchasing a house, would a brand new, high efficiency heat pump heating system make you consider putting in a higher offer?" submitted by /u/DifficultyHead5862 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tqyiw1/adding_a_brand_new_heat_pump_heating_system/

We started the renovation process the traditional way. Hired an architect, got drawings, went to bid with three contractors. Four months in the bids were coming back based on different interpretations of the drawings and we had no real way to compare them properly. Started over with a design and build firm. The difference was immediate. Design decisions were made in the context of actual construction costs from day one. When we adjusted the kitchen layout in week three of design, the cost implication was right there in the conversation, not a surprise six months later. Project was a full renovation of a 1960s colonial in New Rochelle. Kitchen reconfiguration, two bathrooms, primary suite addition, new HVAC throughout. Westchester permitting is more straightforward than NYC but it still needs someone who knows the specific townships and how they operate. submitted by /u/Jolly_Twist2245 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tqwvz...

We have our house on the market 40+ days now and no offers. There are 6 other houses on the same neighborhood with the same issue of no offers. Our house is currently the lowest priced. When we were the buyers we were not allowed to do low offers. I am wondering if a lot of buyers think this? I would totally entertain a low offer because we are getting nothing. Do people just see the price and think it's too high and walk away? Or do they have low offers if they actually liked the house? submitted by /u/TrickyAd9597 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tqelgo/how_often_do_people_do_low_ball_offers/

At a community meeting the developer said when the data center is complete that our property values could go "way up". His reasoning for this was because people who work at the data center would want short commutes to their jobs and our land could "explode" in value. Is there any previous incidence of this happening near a newly constructed center? submitted by /u/Farafel62 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tqaeuj/data_center_being_built_across_the_street/

Hi, I’m a 23M who is making roughly 150k a year after taxes I bring around $9500 a month I save $1500 a month and can pick up over time really easy and I’m looking to purchase my first home. Location: Twin Cities No debt/Car payment I have 35k Saved atm I have a dual Source of Income My main coming from my job paying 120k a year and 25k from a VA Disability Rate. I want to utilize my VA Home loan. Edit: Looking for a home in the 350k-500k Range submitted by /u/Shmeat-L [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tqazud/first_time_trying_to_buy_a_home_i_make_150k_on/

Looking to b͏uy in the NoVA area and I'm confused about how buyer agent commissions work now. Went to talk to a couple agents and they both told me 2.5% is standard and handed me an agreement to si͏gn before I could even see a house. Talked to a friend who bought recently and he said he negotiated his down but wouldn't tell me to what. Helpful. Lol. I've been googling around and there seem to be some rebate brokerages outthere like Red͏fin, Pr͏evu, Gl͏ass Ho͏use Re͏al Est͏ate, Id͏eal Ag͏ent etc... but I really don't get the difference between getting a good deal and getting a worse agent. Like does paying less actually mean less service or is 2.5% just what the big guys charge because they can? Seems to be that way. Like you're paying more because they have higher costs being part of a bigger brand? Has anyone here used a rebate brokerage or negotiated their rate down? How'd it go? Trying to figure out if I should just sign the 2.5% agreement or push back. ...

For context, it’s a 1950’s home in a competitive Northeast market. Renovations include: *Converting an outdoor porch into formal dining room (modification of non-load bearing walls only) *Add-on Bathroom *Full kitchen renovation *New washer/dryer mudroom All renovations were completed to code and done by licensed contractors but no permits were pulled. Personally, I’m not concerned with the quality of work but I worry that the lack of permits could create issues down the road should I choose to finish the basement or do add-on renovations. I also worry about the impact on re-sale value. My realtor says that unpermitted work generally goes unseen after a decade, I don’t know if this is true or not. The renovations were completed in recent years. Would love any insight as this is my first home purchase. Thank you! submitted by /u/Silent-Ask617 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tpiy8q/sellers_notified_me_of_unpermitted_r...

History: Back in Oct, we found a house that we liked in LA and went through inspections and disclosures to realize the seller had not pulled any permits for an extensive remodel and sqft addition. We went through multiple rounds of Request for Repairs all contingent on the fact that they get a CofO. Previous post: https://www.reddit.com/r/RealEstate/comments/1of7jv8/deciding_to_pull_out_of_escrow_to_purchase/ Progress: Given that we were entering a period of home purchase dormancy and the economy was shaky, we decided to grant them an extension to go pursue permits. They filed with LADBS for a grading permit in Dec 2025 and then started the long zoning plan check process in Feb 2026. The Plan Check was approved on 5/22. Context: The seller wasn't very forthcoming about not having a CofO. We found out about it during general inspection where the inspector found open electrical junction boxes in the attic and ungrounded GFCI outlets - which would've been found during an LAD...