Several years ago, we bought a house in a great area, great neighborhood. It's the last house in the neighborhood that only has 1 bathroom. Plan was we were going to add on a bathroom and walk-in closet to create a master suite. Plans have changed and we now want to and need to sell as we are moving out of state. Now the foundation failed, causing multiple issues. We KNOW this house is a tear down versus full remodel now. 'Fixing' the issues the foundation failure caused would bring it back to baseline and would not increase the value beyond baseline, as every other house in this desirable area & neighborhood has either undergone full remodel to bring up to standard (at LEAST another bathroom) or been torn down to build a house to over standard. House is livable, foundation has stabilized, but there are cracks throughout the house. I would not expect anyone would want this house to live in as is, because aside from the new cracks, it still only has 1 bathroom. WE did,...

I own a house in Springfield I need to sell, but it needs work and my timeline is tight. Do I fix it up and list with an agent for top dollar even if it takes 60+ days, or just sell it as-is to a cash buyer with no repairs and a closing date I choose? I know a cash offer comes in a bit under market, but isn't that fair if speed matters more than the last dollar right now? For anyone who's done this around Eugene/Springfield, what should I watch out for? How do I tell a real cash buyer from a middleman, and is it normal to get a no-obligation number first so I can compare it against what I'd net by listing? Any honest advice would help. submitted by /u/Great_Witness_1871 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tvqcjp/selling_my_house_that_needs_repairs_what_are_my/

First time selling, anyone got any tips on how to get started? Do I list it somewhere, who do I approach for help? submitted by /u/Leobluetrailmap [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tvms5e/sell_a_house_in_nw_indiana/

Genuine question because I’m feeling a bit stuck. I’m looking at property in an area I don’t know especially well and after a while every listing starts sounding identical. Every agent says it’s a “great opportunity,” every suburb apparently has “strong growth potential,” and honestly I don’t know how people filter the noise. I’ve been reading different opinions and comparing options, mostly because I’m trying to understand how people handle due diligence when they’re not local. Curious how others approached this. Did you trust your own research, rely on local contacts, or get outside help? submitted by /u/Dima030 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tuxaa9/how_do_people_buy_confidently_when_they_dont_know/

So for some background I’m in the process of buying a house that needs some rehab work. We did the inspection about 2 and a half weeks ago and found out lots of the work that was “done” was done wrong and wasn’t up to code and my contractor would have to go back and redo lots of it. My realtor and I decided that it would be reasonable given the circumstances to ask for 14-16% off my offer price because the costs to fix the “completed” work was great. After a few back and forths the seller himself had a call with my realtor on Friday and rejected our number and said he would get us a number by the end of the weekend. It’s now middle of the day Tuesday and we haven’t heard anything and my realtor thinks we should send over a release of contract if we don’t hear anything by the end of the day. However, I really really love the house and after a lot of thinking and deliberation with close friends, family and my significant other who would be living there with me we decided we are willing ...

Any advice is appreciated: We put an offer in, the offer was accepted, and inspections began. During the week after they accepted our offer, the sellers hired someone to move out their furniture and in that process the wood floors were severely scratched up. In the negotiations, our realtor pointed out the floors had been damaged and we would like a mere 2k to compensate for the damaged hardwood floor, as they were in better condition and not scratched when we put our offer in. The agent/seller said they are going to give us “nothing” when we initially asked for a total of 17k from the inspection report (there is a TON of dry rot, and many parts of the house that have not been updated since they moved in early 1980’s), so the 17 k was actually a low ball estimate, but we really wanted this house. The agent rejected the 17 k with no counter, and then we came back and decided ok, we still want this house, we will take the hit for the dry rot ourselves, but at the very least, can we get ...

We bought a house in 2022 (in a seller's market) and then sold it today (somewhat of a buyer's market here in Texas). We used the same realtor both times and she was amazing, even though we were on the more difficult side of the market both times. Obviously she got a decent payday from us both times, so I don't feel like we owe her anything more, but we were thinking of writing her a thank-you card and dropping it off at her office. Would it be appropriate to include a gift card or something as well, or would a thank-you card alone go a long way? submitted by /u/Cold-Priority-2729 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1tu8xmv/getting_a_thankyou_gift_for_realtor_after_closing/

If the local MLS in your area experienced a 20% reduction in staffing levels, would you want to know about it? Would it change how you interacted with their remaining staff? submitted by /u/MimosaVendetta [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1ttw6e3/local_mls_staffing_levels_changes/

It’s been four days since we put an offer on a house we love, in the mid-Atlantic. The home has been on the market 42 days, and comps show the home is $5-$10K overpriced. We did hear from their agent on Friday afternoon that the seller wanted to review the offer with her daughter, and she was waiting on the outcome of another showing. But we’ve heard nothing since. OFFER: Full price ($405K), cash. DEPOSIT: $15K INSPECTION: No repairs or credit unless over $5K (we don’t expect there to be any) CONTINGENCIES: We settle our current house on 6/12, so settlement contingency. BUT…my mom has to sell and settle her house still (it’s listed), so there’s a sale contingency as well. We’re offering an agreement of sale deadline of 6/30 on my mom’s home or the contract is void. We also included a kick-out clause, which allows the seller to continue marketing and showing the home and receiving other offers. We’ve provided proof that our home is under contract and estimate of net proceeds follow...