relative of mine wants to get into real estate and think it’s easy to get licensed. how does that work? submitted by /u/rosewoodlliars [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wkslt4/is_real_estate_a_good_part_time_job_for_someone/

We have moved closing twice now because of our buyers having lender issues. First time we were told the lender was moving to slow so the manager took over. Now we were set to close on Friday packed everything up pulled kids from school only to be told that morning the buyers didn’t meet a condition to clear. The buyers need 3 months reserve and don’t have it. So they asked a family member. She sent the lender a letter stating she was sending money to our buyers and is pulling from her 401k to do so. They are telling us the money will come in next week and want us to extend to 9/30 we said they have until 9/25 and we will re evaluate. We are paying all closing costs already. And we need the profits from this house to get into our new home. Does stuff like this happen or do we just have bad luck? submitted by /u/telsonnelson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wkn7qo/buyers_having_trouble/

The HOA for the small townhouse community that I live in is managed by a propery management group called "Homeside Properties." I'm struggling to understand if this is even a legitimate company. They take $200/month from my account yet they are impossible to reach by phone and never respond to any emails. Even stranger, their yelp page has 1.3 stars which matches my experience with them, but their google reviews have 1500+ 5 star glowing reviews that sound mostly AI generated mixed among what seem to be legitimate 1 star reviews Has anyone worked with this company? Are they actually a legitimate company? submitted by /u/Tiaan [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wklxea/is_this_a_legitimate_property_management_company/

When I have time, I plan to look over the proposal; I am not a lawyer, but figure I can bump through it well enough. Can anyone give me feedback on any pitfalls to look for? I'm concerned about who has to maintain the area, any possible easements, and potentially any loss of walking paths that are in the area they are proposing. I know the location is near a major intersection on the edge of the neighborhood, and the area is just desert with desert plants; it shouldn't be near any actual homes, from my understanding. Edit: Both options are literally within a stone's throw from houses, but on the complete other side of the neighborhood from me. I assume that those homes will be full NIMBY on this as it'll be an eyesore. 2nd edit: Lease terms are interesting; one is 50-year term with $1,000/month rent and 1.5% annual escalator. The other is a lump sum buyout at $175K for a 99 year easement. submitted by /u/Butt_stuff_preferred [link] [comments] ...

As the post says, I finished my basement (VERY high quality) cabinets, wet bar, recessed lights, studded, drywalled, and insulated including ceiling. Added 4th bedroom 100% to code with smoke detector, closet, and egress. Problem is I opted not to pull any permits (my fault). I have zero concerns for the basement meeting code and passing inspections but I am wondering how concerning this is for a potential buyer when they find out there was no city permit. Can I still realistically list the house inclusive of the added bedroom or is this going to be a major problem? Thoughts, concerns, recommendations? submitted by /u/CharacterPianist1673 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wjv86e/finished_basement_and_added_bedroom_with_no_permit/

Wife and I bought our first home about 3 months ago. It was an unusual sale. We bought from her grandfather and didn’t use a realtor. We had the home appraised through the mortgage lender for 550k and he sold it to us for 450k such that we didn’t need a down payment and gained some instant equity. I won’t go into all the details, but there are reasons he gave us a discount. For example, all of his stuff is still in our unfinished basement. I would’ve never bought this house had he not given us a solid deal. I’ve always been a neurotic and anxious perfectionist type. I am unhappy because I am constantly stressing and ruminating over what this home’s value is truly worth. For example a Zestimate just released for the first time and is showing $444k and it totally killed me inside to see that. The way we came to 550k feels silly and largely made up. I feel like we may have been played by our mortgage broker. We liked the home and were excited and eager. I learned a lot through the proce...

Not sure if this is a reasonable request. Hoping to just ask our agent to ask the sellers agent to ask the seller (huge game of telephone) what his average utility bills are. Is this a normal question to ask? submitted by /u/iloverats888 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wjpv6k/can_we_ask_our_agent_to_ask_the_seller_that_his/

I'm in the metro Atlanta area and inventory is plentiful and homes are increasingly having 90+ days on market. I understand that as a listing agent, you can't force the seller to list at a certain price, but my goodness... Maybe I was lucky each time I had a listing. But my sellers agreed to my suggested list price, and all of their homes were under contract quickly. In this market with increasing interest rates, hella inventory, and longer DOM, I don't understand these inflated prices, especially from sellers who have only been in their homes for a couple of years and haven't been in the home long enough to gain much, if any equity. There's a house my client is interested in and it's listed at $675k. There are 5 other homes for sale in the subdivision ranging from $489k-$599k. The home for $599k has a fully finished basement, while the one for $675k has a partially finished basement. The home for $675k is newer, and the floor plan for my client is more desirabl...

I noticed that Zillow and Redfin has email updates you can set as notifications for new listings in your area based on your criteria. I’m not sure if this is extended to the Zillow and Redfin IOS apps. Are there any apps for iPhone or Android that notifies you through your phone when a property has changed status? I think if someone were to make an app like that, it would be extremely useful to help organize your real estate portfolio. Sort of like eBay notifications and how you can get updates on your saved listings. submitted by /u/BenKlesc [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wj5w66/are_there_any_apps_that_give_you_notifications/