We are planning to sell our home soon. We have updated all the flooring except the laundry room. Just wondering if it’s worth spending the money to add the new flooring to laundry room? It’s has older linoleum flooring. Also thinking about adding trim and painting it to match. Curious of its worth the ROI submitted by /u/Elite163 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w0dt7h/are_laundry_rooms_worth_updatingfinishing_before/

location: Cincinnati Ohio My fiancé and I are attempting to purchase our first home. We fell in love with a beautiful older (1889) home. We have already done the following: Toured the property Obtained mortgage pre-approval from a lender Placed an offer and had it accepted by the seller Signed a "Contract to purchase" (Which EXPLICITLY states that the home IS NOT in a historic district) Had an inspection performed Issued a "Notification of defects" to the seller Paid "Earnest Money" to realtor Received defect remediation documents (invoices, pictures, etc) from the seller Arranged for owners title insurance as part of closing costs During our attempt to obtain home owners insurance we were notified by the insurance broker that the home IS within a historic district. We did some research to verify and they are correct, unbeknownst to ourselves, our realtor, the sellers, and the listing agent; the home IS within a historic district. We are s...

This is my first RE transaction using an agent over an attorney. Looking at a parcel of land that I'm fairly interested in and talked to my agent to nail down an offer price, but she came back with a number that was 90% higher than the comparable sales I could find without MLS access. When I brought up the disparity and sent my comp list, she said that I was off the mark and that her comps were more accurate. But when I asked to see the comps, she's giving me excuses to not send it over. Is this common? Or is my gut feeling right and I need to fire her for trying to get me to over pay for a property? submitted by /u/Mufasa_LG [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vzejox/is_it_normal_for_my_buyers_agent_to_refuse_to/

I have a 15ft wide driveway in a city and there are some aggressive highrise apartment development happening in my area which is going to put a massive strain on street parking. My next door neighbor with whom I have a decent relationship with asked if I would entertain the idea of demolishing my wall/fence between my driveway and his 3ft trash alley to make a 18 ft - 2 car driveway with an easement for him to use the one side by his house. The proposal seems decently fair but I haven't had an attorney look at it yet. To my understanding the basics are: He pays for all permits, legal costs, and dividing wall demo + regrading, and construction + materials to match my driveway to my liking. I have a 30 day out for any reason. During which he has to pay to restore the property divider up to a reasonable limit. I have a 12 month out, but I have to pay an increasing some of the costs to replace my wall/fence (next point) He pays me a fee of ~$8k over 12 months for the inconvenienc...

Has anybody used this term before? There is a property I REALLY want for the land value (it's a teardown in my opinion) and I missed out during the bidding stage because of a death in the family and I got REALLY bad negotiation advice. I am actually now working with the brokers that have the selling. The property is in contract because the buyers agreed to letting them keep the listing for the summer (as opposed to me wanting them out in 14 days). After a frustrating summer with no movement in the area, I approached my realtor and asked is there a way to get them to release the contract if I bought out each side at say $1M a piece. At first she said no way but then she spoke to her boss, the owner of the agency and they think it's possible. I told my realtor frankly that I am willing to pay more than the list price to get this property and I picked $1M each because it's a round number but I could potentially go up in that fee but do you know anything about the buyers, b...

I’m a first time home buyer in a sense. My mom has 4 properties under her name. Two we rent out with me as one of the owners in case my parents die many years later. She still has homes to pay off and she would have helped me pay. There is at least one other person bidding and being rushed too. There would be of been more offers but deemed too low. Open house was only for two hours this past Saturday and the house was on Zillow for a few days. Zillow didn’t show any problem photos even minor. Tuesday night was when the seller was rushing us to say yes while Monday was us putting in our offer. I was almost an adult when we were looking at a property to rent out or stay at years later and we weren’t rushed. Thanks in advance. submitted by /u/averagepersonhere [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vyv391/why_do_sellers_rush_to_sell_after_one_open_house/

submitted by /u/Fortune_Ready [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vy5mfq/i_want_to_buy_a_plot_of_land_firsttime_buyer/

I am looking to buy a townhome for $550k and sell my single family for ~$600-650k (still owe $200k) in the same area due to terrible neighbors. Selling contingency isn’t an option in this market (central NJ). $550k is 50k above my combined DTI carrying both mortgages. Has anyone handled this situation without an expensive bridge loan? I know it’s a terrible decision financially either way, but I need to get out of here. Don‘t want to be a landlord and rent out my current place, which would require finding a renter before closing. submitted by /u/wtrtwnguy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vy5v5x/bridge_loan_alternatives/

I'm the seller, we are trying to move ASAP and accepted an offer for 345k on a 360k list price. Its a huge old house, but well maintained. Had the main part of the roof replaced last year, never really was in the attic, just knew we had a leak. Basically 345k is as low as we felt comfortable selling at as we are trying to buy another place for 330, we've only been at this house for 3 years but factor in us buying it for 325k and roof + appliances + painting we are into this house for over 355k easy. We have been jerked around on stuff in the past selling in other states(pool equipment with tiny leaks claiming they needed fully replaced for thousands). We had countered this 345k offer at 350k and the buyer said no he knows it needs more roof work(we did the top, but its a huge house with a lot of gabling etc). So we said ok, 345k but no credits after the inspection, you can walk if theres a major issue. This isn't like huge amount of fuzzy mold because I would have notice...