Not asking what to do. Asking what you did that turned out to be a waste. There's plenty of advice about what to fix before selling but almost nothing about what to skip. We're about six weeks out from listing in a competitive Bay Area suburb and I'm getting pressure from multiple directions to keep spending on prep. At some point it has to stop. submitted by /u/Poke333Z [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1to7qb8/lafayette_ca_sellers_what_did_you_waste_money_on/

My wife and I purchased our first home almost 1 year ago exactly, located in one of the more faster growing towns in Tennessee. House was built in 2014, we purchased from the original owner, and it's listed online that he bought for 275k while we paid 490k for it (still blows my mind). Now, I am seeing all kinds of articles talking about how another 2008 type of market crash is unavoidable at this point, and I should be ready to watch the value of my home plummet through the floor. While I of course don't want to see that happen, people are making it sound like everyone is screwed. As long as I maintain my job/income, we can afford the house no problem. I understand some pieces of the mortgage (i.e. taxes) can go up some, but is there something I am missing that would result in the payment skyrocketing beyond affordability? I guess I am just confused on how the market crashing has a direct impact on people who are not trying to buy or sell a house right now. Sure, there are go...

we are relocating to miami at the end of summer with our family and need to choose between building a new home or buying an existing one. the idea of building appeals because we can include features like impact windows and energy efficient systems right from the start. this could mean lower utility costs over time and better protection against storms common in the area. however buying might allow us to move in faster and settle before the school year begins. we spoke with contractors about building costs and timelines but are seeking input from others who have built in miami. what was the actual timeline and total cost difference compared to buying for those who went the new construction route. any advice on navigating permits or market conditions when deciding between the two options. submitted by /u/Crystallover1991 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tnalw1/build_new_home_or_buy_existing_when_moving_to/

We purchased a home in 2020 but only my name is on the deed/title (her lack of credit at the time prevented the loan we were trying to get). We are about to file for divorce & the house will be listed in 2 weeks or so. We are in Washington so there is a 90 day waiting/separation period before we can make the divorce final, if that matters. My question is: will the profits go to me as far as taxes go? We are splitting the profits but I am concerned that if we file for divorce prior to the sale of the home it will all fall under my name. Potentially surprising me with capital gains tax at the end of the year. Is the $250k threshold for long term capital gains exemption strictly for profits on the home, not counting regular income? If so I will be below that. Should we talk to the title company about adding her to the paperwork before we list the home? I’m hoping to get ahead of a major headache. Appreciate any help! submitted by /u/nothingwascool [link] [c...

34, single. about $740k in retirement (401k, mega backdoor roth, backdoor roth, and brokerage). $250k in a money market account (emergency savings + down payment savings). income is $150k-250k, depending on the year. currently renting for $1800/month. considering a condo in downtown nashville. would put $100k-150k down (20% minimum), leaving $3600/month between mortgage/insurance/hoa/taxes. considering the current market, appreciation expectations for a downtown condo, etc... would it be financially smarter to keep renting & investing? i'm out roughly $22k/year in renting costs, but i'm able to invest everything else, making 10% interest. submitted by /u/europeanuppercut [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tmm38d/stuck_between_buying_a_condo_downtown_nashville/

King, Snohomish, and Pierce counties? Curious on a modest house price history. Like 1800-2200 sqft. What was the price in 2010, 2015, 2020, and today? Are prices softening since broad layoffs? Anyone got an example anecdote? submitted by /u/HarryCrushNuh [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tmdkke/seattle_market_has_anyone_tracked_house_prices/

We put an offer in for a house asking $525k (nc), we offered $515k and the sellers came back with $520k, we agreed asking for 0 closing costs. Our realtor at the time said this would be best for our offer to be accepted as we have lost out of 4 other homes already. She assured us we could negotiate for this later on. Now we are in the process of negotiating and found there are trusses in the attic that need to be fixed and the ac will need to be replaced. The sellers agreed to take care of the trusses. We are asking for $13k in concessions to cover the cost of the ac and some of the closing costs. The sellers are agreeable to $9600. We really want that much for repairs, + extra for closing costs. Is that reasonable? Our realtor seems to this it isn’t considering the market and the home being in such good shape for a 20 year old home. submitted by /u/JasmineDragon22 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tmgrkj/are_we_being_reasona...

My sister and her fiance split up and he left. He paid the mortgage for the mobile home, but it was in her name only. She was a stay at home Mom. She has no income, and unsure of how to pay. She's wanting to move back home several hours away. The mortgage is $900 with a $600 lot rent. She will be contacting the lender after the weekend. The community where she lives offered to buy the house for $10k under what she's owes. She's only been there 2 years. It definitely needs work. HVAC, roof, siding, etc. Her credit is already horrible from having no income or credit cards. Should she apply for short sell, deed in lieu, or just file bankruptcy? submitted by /u/iamMRawkward [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tm91pw/need_to_sell_house_asap_appraised_10k_under_owed/

Backstory: We’ve been casually working with a realtor, she’s been great. Understands we’re not in a huge hurry to buy, isn’t pushy, is easy to get a hold of. We toured two homes with her yesterday (Friday) and really are considering putting in an offer on one. But I’d like to take a second look to answer a couple questions we had and be more analytical before that. Houses are going quickly here, especially in this price range. However, how okay is it to contact her on Memorial Day weekend? I don’t want to be rude, and am not sure the etiquette here. submitted by /u/cordial_carbonara [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tllrxl/etiquette_for_contacting_your_realtor_on_weekends/