I found a plot whose owner is willing to sell it for around $5k because of liquidity needs and the amount of time/money involved in resolving the property's current legal/land-status issues. The interesting and potentially problematic part is the forest map classification. The valuation report describes the land as forestry/forest land, with the forest map not yet fully finalized and ratified. Apparently, older aerial photography shows the land with a different, non-forest appearance, while more recent imagery/inspection shows it as forested. So there may be a possibility of challenging the classification, but it would require time, lawyers, foresters, historical aerial-photo analysis, and potentially court proceedings. My very rough, completely unqualified estimate is maybe a 50% chance of successfully changing the classification. At the moment, this makes the land extremely illiquid. But if the classification can eventually be changed, the economics could be completely diffe...

I recently purchased in the DFW area. As realtors you all are probably the most educated individual that can answer this question. We saw that massive value run up during the pandemic. How can homes just keep increasing in value? At some point don't we just reach a point where no one can afford a home? Even at 2% appreciation it would look extremely crazy in 10 years. Where is the ceiling if salaries are not keeping up? I'm worried that I won't even be able to sell when I do because if we just keep appreciating then eventually you just run out of buyers. I'm hoping no one is offended by this question. I'm just really trying to understand how this is possible submitted by /u/MrIAmMe2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w7ika9/realistic_how_can_homes_continue_to_increase_in/

Fellow realtors, How often do you send an email out to your sphere / past clients? What service do you use to do so? Any tips or tricks you can provide to a new(ish) realtor just starting an email campaign? submitted by /u/mikemitch38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w7e94g/email_drip_marketing/

For example, I saw a house listed that has a large flat backyard on nearly 1/2 acre with a forest preserve in the back. The house has has only one neighbor and has lots of privacy. The house is in your typical subdivision and not in some area where this is the norm. Now how much of a premium does intangibles like this bring? Like compared to a house with similar sq foot a few blocks over but is in a smaller lot and doesn't have the same intangibles? Do buyers put a hefty premium on this? And I know it goes down to comps but it's kind of difficult finding comps. submitted by /u/IntelligentPlate5051 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w79hjz/how_much_of_a_premium_does_intangible_qualities/

This seems to be very common and I think it's very misleading!!! I have shown several listings expecting the home to be a certain size, then when we get there, it's obvious the square footage was exaggerated! I have to look at the history or tax records to get accurate square footage because many agents want to exaggerate the actual above grade square footage! Even with finished basements, there is still a designation for above grade and below grade finished space. And so many are just lumping it all together in above grade and it's frustrating. Like once we see the property, we won't realize that the house isn't actually 3500 sq ft when it's really 2200 sq ft!!! Just venting lol submitted by /u/Augatl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w71xl0/as_an_agent_im_getting_really_irritated_with/

What are realtor fees looking like in Texas currently? Are we still paying both buyer/selling agents as the home seller? What are typical rates? What's fair vs disrespectful? submitted by /u/ahorsenamedjeff [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w6gyju/texas_realtor_fees/

We are looking at a house that was built in the mid-90s, but the current owners have updated the inside with fresh paint/carpets/LVP flooring. The house itself is only about 1500 sq ft (2 stories) with 600 finished sq ft in the basement. The property sits on 1.9 acres. About 0.5 of the acres is flat functional grassy space and then the rest is wooded area. The house is listed at $465k and our lender thinks we need to offer $505k to be competitive. Our agent told me she’d get back to me on value. Just this month, a home right down the street sold for $410k, was listed at $389k so did go for over asking. The house is only on 0.5 acres but has 1800 finished square feet on the main level, plus a smaller finished basement. I am curious how to go about coming up with a competitive offer. Is land worth more than home square footage, in a general sense? submitted by /u/EquipmentSad [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w6bbqz/what_is_th...

For context, the house that we are under contract about 3000 ft.² and the only recent comes for same number of rooms and bathrooms in the area are much bigger at around 5000 ft.² There are not many recently sold homes in the area. Will they have to look back more than 6 months to find comparable homes or will they use the houses that are much bigger as comparable homes? submitted by /u/4mysquirrel [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w6bfww/do_appraisers_consider_square_footage_of_a_house/

It's within the budget. It's a 1/1 condo in a medium sized city in Florida and a huge, desirable tourist destination. HOA feels are reasonable by south Florida standards. Recent comps in the building all come in right around that price point. Didn't think I'd ever drop so much on a condo. My questions are as follows: Think this would be a good investment if I decide to sell 10 years from now? Are there any major pitfalls from buying property smack in the middle of a huge nightlife/tourist area? Am I crazy for paying so much, for so little space? Price per sq-ft comes out to ~$600 edit: I am single and have no desire to settle down. submitted by /u/Chuddy-McChudderson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w67710/thinking_about_dropping_550k_for_a_11_condo/